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<br /> rtods thnt Lender re wrts. The in9urnnce canier rovidin the intiura�iec shall 1►e chosen b I�orrow•er sub ect to l.ender� ��'�'�--'.�'
<br /> --� pe q ' P G Y J ;'ly-�„—�-
<br /> °�-- upprovttl which ahall nat bc unrensAnably�vithheld. If�arrower fnils to maintnin covemgc dcscribed nbovc.Lcnder innyo nt
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<br /> j-{ '-+ � n �l-����`� [.ender 5 option,ohtiain coverage to nrotect Lencler's riFhts in the I'roperty in accordunce with parngrnph 7. �. � �-
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<br /> "'-°�"'-�-'— All insurnnce policies nnd renewals shull be acceptnble to Lender and shnU include u standnrd mangage duuse. Lcndcr
<br /> �"�'�—
<br /> shnU have the righ�to hold the poticics nnd renewnls. lf I..cnder requin:s.Borrawer shall prompdy give to Lender�ll receipt9 �r�,�r�;�;,�____
<br /> �����+��'�'� of paid premiums und renewal notices. In the event of[oss,Borrower shnll give prampt notice to the insuranr.e enRler and �{ ���.
<br /> �� Lender. Lend.er may make pTOOf of loss if not mnde promptly by�orrov,cr. �°�:'����
<br /> �'��'�'� '� Unless I..ender nnd Dorrawer oiher,vise agree in writing,insurance procecds shall be npplicd to rcstoration or repair oi "�`� - °-
<br /> ._*��� k Q��r� r:�.�+}C, __n._.r_.
<br /> .��R+s•;ft� the Prope:ty dnmaged, if Aie eestoration or repAir is cco�iomically feasiblc and l.cndcr!s securiry is not lessened. If[hc j �. .� � ---
<br /> M� S -:. r���rrl�^.?J_
<br /> �` Y rastor�t ion or re pair ic n:►t ecnn�mic�l ly fea5i b le or Len der k securi ry would be lessened, the insuranee proceeds shall be � _
<br /> —_ ' �i,?.:�. ^„..:. �•.,� ,. ,_ -
<br /> S applicd to the sums secured by thls Sccurity Inatrument, whethcr or not �hen due,with any excess paid to Aorrower. If
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<br /> (i..s�n :v,{, l -�+
<br /> , ,�; � a;•,•, Borrower abandons the Praperty,or does not answer withIn 30 days n noticc from Lender that thc rosurance currier has ,"�t�" ,
<br /> i�• '., �'`,�,y,�r.:=; ,1.. � `�>; '�—
<br /> offered to settle a clatm,then l.ender may collect the insurancc proceeds, Lender may use the proceeds to repair ar restore '4 +,
<br /> s� ,t � " the Ftoperty or to pay sums securea�y this 5ecurity lnstrument,whether or nat ihen due. The 30-�ay period wil l�esin when ,� ,f���ii;
<br /> i f.J:� �i 1',r,:i � +f t „s �-
<br /> ,, y., :,�A:' the notice is given. ,.,r `�=r
<br /> Unless Lender and Borrower otherwise agme in writing,any application of pro�eeds to principal shall not extend or �Y,�,�r„ae��. _
<br /> .�.ss.:� postpone the due dntc of tt�e monthly paymenGs referrcd to in paragraphs 1 and 2 or chttnge the amount of the paymenis. If �,����„�i�"j =
<br /> ��sani�x-,•r:.. . ��..,_-�-,
<br /> �,:�;,;� �p:.�.,, under paragraph 21 the Properiy is acyuircd by I.e��Jer, �urru�ver� �igh¢�o n��y insurance policies ancl pmcecds resulting �,, ..�,
<br /> z'-� °� �•� from damuge to the Property prior to the acquisition shall pass ro Lender ro thc extcnt of dic sums sccured by this Security ���-x --
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<br /> ,,,wmu- p',. 't.":L'�-'i_�:
<br /> ,.�7[.�; .;x• Instrument immedls►tely prior to the acquisition.
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<br /> ..�,: M 6. Occu unc, Preservadon, Malntenance i�nd 1'rotectlon of Ihe Pr� crt ; �iorruwer'R Luan A llcutlwm, �`'''''�'�'
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<br /> - - - -2�r Leaseholds. Borcower yhnll ckcupy,establish,und use the Pro�Krry u�6ora►werti principnl residence withln sixty dnyti nfter r;,�.`-
<br /> -` '""`���""'`' thc exccution of�his Sccurit Inytruntcnt nnd yhadl cnntiizuc ta nccu thc Pra rt nti l�orrc�wcrk ��inci nl rctiidcncc fnr m �- -----
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<br />_-�=�-;�.�-���.,•,:. . • lc;ist oaG ycnr nftcr thc dc�tc of �xcupancy. unlcss I.cndcr �uhcrwisc a�;rccs in writing, wl�ici� con�cnl shnli nu� Ix .�.. j'��,�'. •
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<br />�-�,.`�:�l��;�"�. unrcnsonnbly withheld,or unless extenuutin�,clrcumslnncer;exisl which urc fxeyond Ilurrnwer'�conu��iL Horrower hhall unt :�..�'�7:'.
<br />-_.:�.:`�►,`{Aa'��• dcst�oy,clt�mngc or Impuir thc Nr�perly,alli��v thc Pr�►perty�o dctcrl��rntc, ur commit wntitc ou Ilic Pro�x:�1y, Ilorrawcr shcdl ., '�, '
<br />--_,_:;�^�,:. '�'. . .. bc In defnult if on forfeiture uction or nxecdb� ,whetlicr clvU ur cdminal. iW be un th�u in l.endcr's rnxl fc.ith ud mem ���,.��i • -
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<br /> �_.��,j�� � . could rcsult in forfciturc uf thc I'ropeny or otlurwisc mntcrinlly impair thc Ilen rrcatcd hy Ihis Sccurity Instrumcnt ar _ _
<br /> ^'�r=�����`a,�,;;:�� Lcndcr�sccuriiy interest. Barrawcr mny cure such u dcfault and reintitatc,ns providcd in pariigriiph I8,by cuusing thc uction ���; - --
<br />�"'�"-��;` '� "' or proceedinG to he dismissed with ci ruling thut,in Lcnder's good fnitl�dctcnnination, prccluctcs forfciture of the Borrower� �'"�
<br /> - "'""`+���`-�' ` intcrest in thc f'ro rt or other miitcrinl im �irmcnt ��f the lien created b this 5ccurit Instrument ar I,cndcr's securit
<br /> o°`=r°�' Pe Y P� Y Y Y �., ---
<br />�°�'�`+'�' '�-'''�' interest. Bonower �;ttall ulso bc in default if Borrowcr, durin� the loan applicntion proccsx, gave mi�teri�lly fulsc or ; �
<br />-'�'=ry�����:� `�:.� innccurute informution or statements to[.ender(or failed to provide Lender with any material info�mution)in connection wi[h •
<br />"s'�'':"t:l:'` the loan evidenecd by the Note, including, but not limited to, representations concerning Borrower!s occupancy of the •
<br /> ==-:�'+��C"�+':+'f � Property as u principal residence. If this Securiry Instrumeat is on a le�.sehold,Borrower shall comply with all the provisions � .
<br /> ?` `�' '`�'"�� �_ af the leasc. If Horrower acquires fee title to thc 1'roperty,the leaschold and the fec title shall not mergc unless Lendcr agrecs ,
<br />'""'' . . • ro the merger in writing. �• �
<br />_'�===i-�;-�-.��-• . �•- 7. Proteetton of I,ender's Rlghts in tfte Yroperty. If Bonower fails to perform the covenants and agrcements +S'' ,
<br /> = . •� • contained in this Securiry Instrument, or there is a legal proceeding that may significuntly affect Lender's rights in the
<br /> :�:,n�o-r:rr�;.•• •. Property(such as a proceeding in bank�vptcy,probate,for cundemnation or forfeiture or to enforce laws or regulntions),then ,r��� .
<br />-- �:""�---�=•� • Lendcr may do nnd pay for whatevcr is necessary to protect the valuc of the Property and Lendcr's rights in the Property. �p,` �
<br /> �'��"` � Lender's actions mn include � m nn tiums secured b a lien which has norit over this Securit Instrument, u earin 'a • � .
<br /> ` �r � Y P•Y� S Y� Y P � Y Y PP & : �� .
<br /> y=,;,."�,�r; :�' . in court,puying reasonable attorneys'fees and entering on thc Property to mAlcc rcpairs.Although Lender may t�lcc action � �, „!{
<br /> - '�;?uv°����"����.. undcr this pArngrnph 7,Lendcr docs not havc to do so. ': , �'+�
<br /> -`� �"'r'�'^'•"'"�'' ' �' Any nmoun�s disbu�cd by Lendcr under this paragraph 7 shull bccomc ndditionul dcbt of Borcower secured by this ���.� • :�r� �
<br /> �'•'`^"M!M'��'"" Securit Instrument. Unless Bon•ower and Lender a c�.e to other terms of a ment,the5e amounts shall bear intercst from the :;� �•�*' "`�
<br /> Y g ' P Y . _ ��"`�+•
<br /> ^��;,.�� ;�. date of disbu�sement nt the Note rate:uid shall bc pnyable,with interest, upon notice from Lender to Borrowcr rcyuesting ;A•,.l;, . � =
<br /> ';•!:i::.' _, . . payment. �i�; .,ti ..
<br /> 8. 1 1 1ortgase Insuranee. If Lender require d monguge insurance as a con dition o f m a il cing t he loan secure d by t his
<br />-� • •�� Sccuriry Instrument, Borrowcr shall pay the premiums rcyui�+ed to mnintain thc mortgagc insurancc in effect. If,for�ny � -�-
<br /> • reason, the mort�age insurance coverage required by Lender lapses or ceases to be in effect, Borrower shaU pny the f '�`
<br /> , .��• . premiums required to obtain coverage substantially equivalent to the mortgage insurance previously in effec4 at u cost ��
<br /> .� �•: . substantially equivalcnt to the cost to Borrowcr of the monga�e insurancc previously in effect,from un nitematc mortgagc ;�,..;
<br /> ._ insurer appmved by Lender. [f substun?iaUy equivalent mortgnge insurancc covcragc is not avuilablc,Borrowcr shall pay to �--� .;�.`,�;
<br /> � Lender ench month n sum cqu11 to ono-twclfth of thc ycnrly mortgagc insur.�ncc premium being paid by Borrower when thc ••R� .; •.�
<br /> � insurance coverage Inpsed or ceused to be in effect. Lender will accept,u�c and retain these payments ns a loss reserve in lieu �! .A-'
<br /> of mo�tgnge insurunce. Loss n;serve payments mny no longer be required, ut the option of Lender, if mortgage insunnce �' '"
<br /> covcrsge(in the smnunt and for the period that Lendcr rcquires)provided by an insurer approved by Lcnder again bccors�cs �;
<br /> '� . avnilable a�id is obtnined.Horrowcr shall pay the prcmiums rcquircd to maintain mortgagc insurance in cffect,or to providc a ' , " �-
<br /> ° lass reserve,until the requirement for mortgxge insurance ends in lccorduncc with any written agreemcnt betwecn Borrowcr ,� �
<br /> ' and Lender or applicable luw. `-
<br /> , 9. Inspectton. Lender or its s�gent muy mnkc rciGSOnablc entrics upon nnd inspectiont of the Property. Lcndcr shall . ••• Y�!
<br /> - " givc Borrowcr notice at thc Nmc of or priar to an inspection specifyin�;reasonablc cause for thc inspcction. ;y�.
<br /> ` � � 10. Cortdemnallon. 'Phe proceeds of uny nward or claim for d.�ma�es,dircct or conseyuenti.+l,in cannection with any Y"
<br /> .�� Singlc Fnmlly--Ihnnle MndlYcddlc Mnc UNIFORM INSTRUMISNT•-Unlfomi Cuvcunmv 9/9D Ip��Ar 3 nJ6 p�i�en '
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