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<br /> � s � � • periads th�t Leader tequires. '!he insurance carrier pmvidiag the insurance shaU be chosen by 8rn�ower subl�ct to Lender's� , ��;.�_�:
<br /> : �.Y` :.:-. � • , . appmval whicfi sh3ll noi Qa unneasonably wittheld. If Bmmwer fae�s to maintain ca��erage descdbed above.Lender may.st `,._---
<br /> _ ` , • .tender's aption,obiain oover�ge w p�Qtect Lenderk ri�hu in ti�e Pcoperty ia accordause witI�garagraph 7. ��=�-
<br /> .. . � '. ,. AII insm�policzes ssnd cen��vaLs s14aI!be acreptable ta 18rtder and shall inciude a staII�ud martgagc clause. I..eud�r _�-���_
<br /> . . , }.; st�il6aKe the right to hold ttce polictes aad renesvals. If l,e�cder requires.Bomower shall pmmptty give w I.�ader all recei�ts - •
<br /> . • � • � . , of paid premsums and rcaewal rtotices..In thie event of Ioss.Bomnsver shall give pmmpt notite to the insurauce carrier and � '��=
<br /> � � I.�ader. I.ender may n�ake gaoof uf loss if not m3de pmmpdy by Barrower. � -
<br /> ��.- - - ' Unles�L�adea and$or�wer athelwise agree in wri?ing.insuraReQ procxeds shaIl�applied to mstaiatian ar repair.of .- --
<br /> .. , , . tt� PmgertY damaged,if dte cestoration or tepair is economicalty feasible and Lender's security is not lessened. If�he
<br /> . , , restoratTan or repair is uot economically feas�Ie or Lend�'s sec�uity wovld be lesse�c�.the insucance plviceeds st�aaU be ��=�
<br /> ,. , .4 agplied to the sums s$c�red hy tbis Seairinr ie �,�+.�whether or n�ot tkea due,with any excess paid to Botrow�i If � :,:?��_:.
<br /> ., . . . Baitower ab�dons the Pta�erty,or does aoi ar�,�ver cviti�m 30,days a na�se favm Lender diaz the insmance c�ier�as �.,_.�_
<br /> . , . . offertd to seuie a ctaun.then Lemies may coltect the insurance proceeds. Leader may�se the pmoe,edc to�epair or�+eswre �""_:
<br />� ���°' ` ., • t�e Pmperry or to pay sams s�cured by this 5ec�iry Ins�nvment,whether or aat then due. 'Rie 30day period wHl begin when =-°- :--
<br /> , � the notice is given � __–
<br />• : . • , . ' � Unless[.gnder and Bonavrer atherwise agree in cvriting,any application of groceeds m pr�ciyal shaU not ext�d or �_ --
<br /> ' ` _ pastpone the due date of the monthly payments i+efemed w ia patagrapHs I aad 2 or cfiange the amouat of the paym$nss. If —
<br />: � i uttder p a r a g r d ph 21 the Pto p e t t y is a c q�i r e d b y Leader.sonoW��R�u co an y�u�ace p ou�e��na�o o e��an g =—
<br /> � . �:,_,_ ' from damage to the Ptopsny prim to the acquisition shall pass to l.ender ro the extent of tite siims se�vred by this Seeurity -"
<br /> �y �. , _ (�,,. . Insmtment imraediatety prior to dce acq�sition. ' . • '
<br /> ' . . ; � : � 6 Oocapancp. Pr+ese�rvatlon, Nlatnt�aace and ProtectIon of We Praperty9 Barrawte's Laan Applleatlos; . � __
<br /> . ' � • I.e�aseGolds. Boimwer shall accugy,eshablish.and use the Pmperry as Borrower�s princ�pal residence vrttbia sixty days af�er •
<br /> . . the execution of this Secmity Ias�uuent and.shall cantinue to mccupy the Ptoperty as Bmmwer's principal resideace for ai -
<br /> "•�#--:-.:.�-•� --•� .: • iease oae year after the date of occupancyr. unless t.ender otT�en+vise agrees in writing, wiucA wnsent shall not be•
<br /> _ .:: .. ,_ _ ,._.--,_. .. . _ ... �r�asnnablywithheId.-o�unI��rccena�i»g ettt�s exisrcvl�etr�re ts�yantl8om�wer�s cona+nl: �Borrower shall not
<br /> . . destmy.damage ar impair die Property.attow[he Property to detetiaiate.or commit waste on ihe Plroperty. Bmrower sb�t �
<br /> ; .. be in default if any forfeitu�e action or proceeQmg,cvhethRr civ�or cruninal,is 6egum that ur l.ender's good faith jndgmeut • ,
<br /> . � , could res�alt in farfei4�ue of the Property or QthertNise materially impair the lien c�eated by this Sec�uiry Iastmmeqt or
<br /> �, . . . ... Lender's securiry intaest. Baunwer way ciue sucd a defanit aad neinstate.as provided ia paragrap.h 18.63►causing the actian �
<br /> � �, . -- or pmoeeting to 6e dismissed with a�tuling that.in l:ender�s good faith dete�mination.pt�Iudes forifeiEiue of the Boaov�er's
<br /> . • . ��, � interest in the Property or other material impanment of th�lien c�eated by this Security Inshument or Lendet's securiry
<br /> , , :. �_ ' interat. Bomower shall also be in 8efauIt if Barrower. d�uing the laan application process,give matereally false ar
<br /> . • inaccura;te u�formadon or statemenu to Lender(or faited to pmvide L.endQr a�ith any material infa�matiun)in co�on with
<br /> ;;;.: __ the Ioau evidenced by the No;� i�cWding.6ut not !'united to. reptesentatians conceming Bam�wer�s axvpaa�.y af the
<br /> '. ' � ';5;4,�Y";>. Froperry as a principal cesid�.If this Security Instrumes�t is on a leasehotd,Borrower shall comply with al!the pravisious
<br /> , ,��. • of the tease. If Boaower acquires fee aQe to the Property.the Ieasehold and the fee 3iile shall aot merge anIess Lender agrees �
<br />:•�� , � to tiie merger in wri.tir►g.
<br /> - , 7. Protedie�at LQUder's Rights in the Property. If Bor�uwer fa�s w perform the¢ovenants and ageeinetits
<br /> ;�� `' • :' contaumed in tlas Serurity Instrument,or thete is a Iegal Proceeding that may signif'ecandy affect l.ender�s right�in the � .-
<br /> .`�r�;..�, ..
<br /> ,: r• :.. �;�;f,l,s _. . ProPanY(sach as a P��B���Y•I�hate.for conderanation or forfeitiue or to eaforce laws ar regutatians),thea
<br /> .. Leadei may3o an�pay for whatever is necessary to protect the value of the Ptoperry and Leaderk righis in the Pmgerty. –
<br /> :` • . . �`� Leader's actions�y ineiude paying any sums secured by a lien which has priority over this Secacity Instmment,appearing
<br /> _. � ' " . . in court,pa}r�g rc�sonabie attoraeys'fees and enterbig on the Prapeny to make repairs.Although Lender may tate ection � ,,'•:
<br /> • , • . � under this puag.{agt�7,Lender daes not have to do so. ' , , �
<br />-. '•;;�ss•;:•• My amounts dis6ursed by Lender under this paragrapb 7 shadi become additional deM of Bomnwer sec�ted by this
<br /> j . �(,�+�' Security Inshumen� Unless Barrnwer and Lender agree to other temu of payme�u.these amnunts shall bear inU:test fmm the
<br /> , � : ,'�r r'j��'� date of dis6uisement at the Note rate and shaU be payable.with interest,upon notice from l.ender to BorroHer requesting !'`
<br /> r._ . _ , Pa3,mer►� •
<br />-�?� ' . ` 8. MbrRgage Insvraac� If l.ender requimd mortgage insuraace es a conditioa of makin�the loan sec�ued by this
<br /> ;��,'•� �.. Setarity Insuumeni,�orrower shall pay the premiums required to mzintnin the mortgage insurance in effect If.t'or any
<br /> ' � •• . _ reason, the mattp,use insurance wvetage required by Leader 1ap t:� or ceases to De.in effe�t. Borrower shall pay the
<br /> '. preaninms ieqnired to obta9n covemge substantially equivaflcnt tv Qi�IInortgage insurance previously in effect, at a crist
<br /> �• � . • . . substantially equivalent to thc cost to Boraower of the mortgage insutanse previowly in effect,fmm an attemate murtgage � _-
<br /> �`'�' • insucer approved by L�.mder. If substanaally eqoivatent mortgage insuraii�e coverage is not available.Borrower shall pay co � =-
<br />'�:��,'�A � ` Lender each month a sum equal to one-twelfth nf the yearly mortgage insururce premium beir�g paid by�orrower when the ' ��
<br /> . . , insurance coverage lapsed or ceased to be in effer.t. Lender will accept.use uted retain these payments as a tass resetve in lieu
<br />- " of mortgage insurance. Loss reserve payments may no longer he requimQ.at the opdon of Lender.if mortgage insurance . ;;t:,�:-;
<br /> � �. °��':'� . . caverage(in the�oimt and furthe periad tLat Lender requires)provided by an insuter npproved tiy l.ertdet again becomes :����
<br /> � . • ,. availabie and is obtained.Borro�rer shaU pay the premiums rcquired to maintain mortgage insurance in effect.or to provide a '��_�
<br /> ' � . � � . loss reserve,imtil the requirement for aort�age uuurance ends in accordanse v�th any written agreement between Borrower ``' _
<br /> and Lender or applic�6le law. • . �
<br /> •� � •• 9 Ynsg,ectiaa. Le�er or its.agent may make reazonabie entries apun and inspections of the Property. Lender shall . .. .
<br /> � give Harrower ctatice at the time of or prior to an inspectio»s{secifying reasonable cause for the inspecdon. �
<br /> - ' • � lm Coademnuttoa. The p�ds of any award or claim for damages,dicect or consequenrial.in coimection with any �
<br /> ,.; .
<br /> . � Sing}t Fsmity--Fannie Mat1FYeQdte hfnC 11IVIGOAM INS!'RUNEPPY'—Unifoim Cavea�nb 9190 /page 3 oj6 pages/ .
<br /> ' ' � � fd�late�iae�ma■ .
<br /> '�,r • � fbQtlQlh�1�0065,'iD9�q10YAA81679f7f3f
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