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<br /> '`�.� : ��•< ' perinds tl�at Lea�er cequires. The insutunce carrier providing the�ce shall be chosen by Borrower,s�,►hleci to l:ender�s . —
<br /> _ � t �. ` approval which shall aot be itt�reasanabSy with�etd. (f Sorrower faits w maintafi caverage d�scn'bed aixive,Ler.der may:at� ,- _--
<br /> ;=::� t .�."''�`,� L.ender's tip3ioa:abtain'covetage so pmtect l.cader's dghts in the PtopertY in accordance with paragrap�7. . , •
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<br /> � ,, • Atl insuzaaoe poticies and renewats sitaatl be 3cceptabie to Leader and�all indade a standard moit�age clause. l,ea�er
<br /> � .. : . . sball h�ve the aght to hotd the polisies aad rpnewals. ��xn8er�s.Bvrmw�r shall P�PUY&��to i.ender all rcaipis . ------
<br /> - ..' �' ; .�• of paid pm,�iums�d nnevral aances. [n the svent of Ioss.Borrawer shall give pm.m�t aotice to the iasuranoe c�rrter and
<br /> _� �� � I.�nd�r. Lender may make�proaf of loss i�not made pramptty bS+Barrawra �
<br /> ` ' '` Untes,s Lender and Batrower othetwise r�cee in amting.insivauc�praceecls shall be applied tn cesto�atian os n�gair of .
<br /> -_-_ �.,.- : - �
<br /> the Ptapet4y Qa�nag�d..if'thc�rest�atian ar rzpair is etoaumicai�y feas�s2e and�ti�'s.�uity is a�l��d:If t� • . . _ .
<br /> , t � restoration ar cepair is nat esonomisally feasible or Lender's secuzity wouId b.e lesseaed.ehe insumnc�e gmceeds shull.R�e , _
<br /> . � agplied to the sams scaued 6y this Sec�iry Insu�msen�whether or aot shea dug:aritt�any c�ss P�to Boimti�et. tf -
<br /> , Bompwer abaadoas tlxe Ftogesty.or dces nos aaswer witltiin 30'days a aotice�am[,eader thai ttte insurance carrier has . .
<br /> :, ,, -..��` `. offered w seWe a claim,dten L.ender may onitect the ins�nce piaceeds. 4eader may as�thg praoeeds m regair ar resusre �
<br /> . . •,-• ", the Frapertg or to pay suns se�ed by this Security Instrument,whet6er or not then du� 'I7�e 30d�y Feriod will begIti wts�n '
<br /> ,, � . . • • , - the aotice is given. '
<br /> •;;:, . , iTriless Leadea and Bairower otherwise agcee in wriwng,aay a�plie�tion of pioceeds to principal sI�aIl uot.eaocad or .
<br /> " • � pos�tpone ttie due date of the monrhlY Payme�s ce�w in paragaphs 1 aar�2 or.c6ange the amouai of the gayments. If.
<br /> .�' onder Pazagaph 21 the Roperty is acquued iry L.ende�Bmmwer�ng6t to any msivauce policies�d gmceeds t�e.4iTung�
<br /> ,::; . , . ';'. • frQm damage to the property prior to ti�acqnisition st�a(i pass ta Lender w the e�u�t af the sums s�by this 5ecarit}+ , .
<br />` � . . Inst�me�immediateiy prior m the acquisi�on. . • . _ .
<br /> ..i .. . • 6. OccaPaucy', Preser�".�on, �Rai�name and Pcoterbon o!t5e P�operty, BarraWer's I.oan ElppliptIan, .
<br /> . � � ,.:.;•`• .�• Lcasehalds. Barrower shai!o�py,establis6,and as�th�t�toperty as Bormwer's principal iesid�ce within sixt�r days aft�
<br /> . �� . ' • , � the exc�tion of tins Sec�riry Instnsment aad s6a11 oontinL�to occugy the Fmperty as.Bo���t�`idp�ce fa�.at
<br /> • " .�` least oae yeaz after the date of axupancy, anIess I.eader atherwi_�e.agtees in writing,�which cflnsent shal! not be
<br /> . -. amr.asonably wi�theld.or unless extamating cim�ces eaist which�e beyond BoAOwers conuo�. Boaower shall noi �
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<br />; ,= `. Yhe perty ta detesor�e.-ar ' on . .
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<br /> �� :";:h<:�� aernoyf�e oi f�uu�tair�tte.Prop�rty.�allow fto . . . comrn�t waste dte P�opetty Soimrrer s nt
<br /> . A..� • be in de t ar►y o emtte aaion or p7oceedmg, ether cnr�7 or cnmmal.Ls begun that in Le�der�s goad faith Judg�ue
<br /> ::':j:tr'� � . could resWt in fnrFeitare of�e Pt�nperty or otherwise materially impair the tien cteated bY t�ds Se�ritY Instm�ent or
<br /> '' � � Lender�s securit�r in�rest. Borrower may cure such a defanit and iemstate.as proyided in paragraph 18.!ry causmg the aedon
<br /> - . , � " .: . or praceeding to I�e disunissed arish a rotia�t�at,in Lender�s good faith deiermination.p�ecludes forfeitare of tke Bariawer�s •
<br />- _ _ intetest in-the Flroperty or ottaer material capairment af ttte&en created by this Sectuity Instrt�ment ar Lenders security .
<br /> interest Botrower shaU.also be in defautt if Borrower, daring the loan applicarion process.�e materiaIly faIse or ��--
<br /> " ' • , inaccurate infomiatian or s�ents to Lender(or fa�ed to piavide Lender wiW any matetial i�fforar�s�n)ia connrction with . — —
<br /> , ,. the Ioau evidenced 6y the Note. including, but not limmesl to,iepresentatians conceming Borc�:wer�s occabrancy,�of the
<br /> ....� ._._ Property as a grir-.sigaE�esidence. If this Se+auiry Instrament is on a leasehotd.Barrower shal!co�gb�with aII ttt�gttssy�scvns
<br /> _ � .' •� . of the tease. If IIasmw��N�s fee title to t�e Ptnperry,the leaseho2d�3 the fee 6de shaU aot rner�e unlass Lender agr�.s;!.::; . :
<br /> � W the mergerui:v.Yiting. •' .•�`''•:. �;_
<br />_ � 7. Pr�{�c4.�n af Ltnder's RighCs ia the Property. ff Borror.c-�'fails W perform the wvenanis and agreements�:'��� � �"�w..
<br /> ��'�: - coutained in this Secwi Fn�aaen�or diece es a 1 that ma si cand affect I.enders ri ts in the �°;,_,
<br /> - `;.."s;,.,-.� . ry d ece egal PmceedinS Y 8� Y 8� .
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<br /> Pmperty(such as a pro�m b�n'aptcy,probate.for condemnation or forfeit�ar w enfo�e laws or reSutations),then � -
<br /> ' , . , ,..,° Lender may�u and pay for whatcver is�ary to pmtect the value of the Prope�y azui.Lender�s ri�ss in the Property. .
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<br />'�f. - Lender�s actia�s may inclade paying any�rs secured by a lien which F.as priority over this Secuiirv Inson�men�a�pearing .
<br /> • ' • " •� in court,paying trasonabte attomeys'fees�.�entering on tIie P�vperty to make tepairs.Althougt�Lender may take action ; �. =
<br /> c�as.+er this paragraph 7,Lender does not have to do so. • , ,�;�
<br /> ` ' � Any amounu disbursed 6y Lender under this paragaph 7 shall become addiriana!debt of Borro�ver secirsed by this ..
<br /> •� � ' S�urity Instnm►en� riJnless Borrowet and Lender agree to other terms of payment,tt�amounts shall beaz intecsst from the r -=�`_�-
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<br /> � � daie of disbutsemeat at the IJote rate and shall be payab!e.with interest,upon notice from I.ender to Botrowes cequesang .� l--
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<br /> _ • pa an�MarG�ge Ia�usancx. If Lender m.q�ued mortgage�smance c�s a condition of making tite loan seciued by chis• . •. �t'�.��i
<br /> ' � Securi Inst�ument,Borrower shail a the premiums uired to maintain the mort �ns�..c�e in effect If,for az► •� � —
<br /> ry P Y �9 �� y � �:-=�._—�
<br /> . .. �eason, the mmtgage insurda�e coverage required by Lender lapses or ceases ta be in eff�ct. Borrower shall pay the "� F� s-
<br /> � � � � piemiums requimG to obiain caverage substaz�tially equivaleni to the mongage insurance pieviously in effec�at a cast `' ,.,
<br /> _ �". •'• --
<br />'y: � • substaatiaUy e$uivatent to the cose to Bmtuwer of the mongage insurance p:eviously in effec�from an altemate mnrtgage "e�xi,�.?.;. ::.___
<br /> . ' . . ' insurer appmved by Lender. If substantial{y equivalent mortgage insuranTe wverage is not availa6Le.Borrovrer shall pay to ����', .,��a`�v� _
<br /> � � �� � . Lender each month a sum equai to one-tweIfth of the yeariy mortgage insurance premi�un bcing p�d by Borrower when the ,���4: ••—
<br /> -__ . . f m�covins�ances Loss r�es rve pa}mienu may no tonger be erpequ'ired at the op n of l.�e der.if mortgage nsurance '`;'�j�ia{` ;I-_.
<br /> � ' � • coverage(in the amount and for the period that Lender lequires)provided by an insurer approved by Lender again becomes , . . •- �• .��
<br />' ' � � availabte and is dbtaitted.Barrower shall Qay tt�e pmm40ans mquired to maintau�mortgage insu�ance in ef�ec�or to provide a . • ,,,:
<br /> • ,, . loss resetve.until the cequitement for mortgage insvrance ends in accordance with any written a�eement betweea Borrower � �.
<br /> � . and Lender or applicsbie law. ' . -
<br /> � �'� � 9 Iaspecttoa. Lender or iu agent may make reasonable entries upon and inspections of the Hnperty. L.ender shall �_ �� ;
<br /> give Bomower nodce at the dme of or pnor tn an inspecdon s�cifying reasonabte cause for the inspectiun. . ., �
<br /> :�:. ' � 10 Condemaation. 7tce pmceeds of ar+y award or claim for damages.direct or consequential.in connec�on with any ' •' F
<br /> , , •. SingtaF�ily-6annle;taelFledGkAt�lJ1YIFORlUtDiSTRIJ�l�T--UaifmmCoveoancs 9.90 fD4�e3oJbyogral � .
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