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<br /> °.�..��r� _�`'� ' periods that Lertdee c�quires. 7'tte ias�ncc c�mier pmviding tEe insuraace s�alt be ctu�ser�by Baaower sublert ta Lcnder's .
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<br />" . : a�rovaI whizh shaU nas bc�uue�sonzDiy�rithTsetd. If�arrowrr fails`to mninta�n coverage desac6ed above,laa�r raa}r,at
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<br /> •�,",,.. ; �:•E�; • . Lender�optiaa.obtain cuverage m pmtect I.e�er's ri�ts in the Pmpeity in anoraia�tsc with paragapb 7. �
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<br /> .. . Aii insurance policies and renecvais shalt bz asceptabie to Lender and shaU iA.tude a staad�+d mnrtgage da�se.•txnder
<br /> --- shall have the riget to dnld the policies and�eaew-als. If Lettder rquir�s.Bagower shati pro�ptiy give to Lectder al!receipts .
<br /> � � `_ . • af paid pre,miums and renewai aotices. In the eveat of Loss.Borsawes shall.give prompi natice to the ins�uance carsier�t .
<br /> �`` Lender. I.ender m3y ma3ce proof of loss if not made pmmpity by Sor�awer.
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<br />-�.� .:.. �.. �.�:.: Unless ikader and Borrawer othepwise agee in wri�ng,msar�ac�pro�:eeds sh:�II 6e apglied to restaration or rcpair of , .
<br />_ - --_..;:�'s��::. �Q�P�Y ��f� if th� rEStaratian ar cepa¢r is economically feasil�Ie aad Lender�security is aat tesseaed. IP ths
<br />-�3 .�:� restordtian ar r�epair is 8ot esonnmically fea�2e or l�ender�s secunty aau2d be t�ssened.the insuraac�praaeds ahatl be .
<br /> �� `,: ._ , . ; �`� agplied m the sums secund by this Secwity Insuument,whether or nut the,a due.a+itH any excess paid�to Bortower. If
<br />.=s,;�....= .�. , :..,••.. . Barmwer ab�an�the Pivperty,or dnes nnt answer aridiin 30 days a nat�6om Lender thaL the ins�nance c�ra"ser has
<br />=--�,�" =':'�• :=...c.,,•. offered u►seute a ctai%.thea Lender may colIect the;,,rn.ance pmce�s. Lender may nse d�pcaceeds w�ir os resto�r. .
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<br />�� ,• ., ` the Property m ta pay sums secured bq ahis Secnricy Insbusaent,a+hether m net then due. 'Ifca 3Q-day p2nad wiII tfeg'm w�en
<br /> � - '.'�� the not�ce is give�n. �
<br /> . . �,4 '` UnIess L.eader and Borroaer oihe�uvise ag�ee in�vri�ng.any application of pauc.eeds to princiQal shall rrot eattend ar
<br /> ,�} 4 4: ; postporte the du�date of the montWY P�Y�ents ceferred w in p�phs 1 and 2 or change the aaoount of dte payments. If ' �
<br /> =_ • , ., .. ander paiagaph 21.the Avperty is arqaired by Lendee.Bomawer's r�ght to any iasurance palicees anQ pmceeds�+rsultsrsg .
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<br /> �� � � , frum dainage to the Pmperty prior to the acqnisitian shaU pass to L�der w the exte�t of the svms secn�t by�his S�r
<br />':� '' ` _ -. Insunnent immediasely prior ta the acquisitian. � .
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<br /> .�•,:. .,.�_=v,.•� - b� Qccapanc.y.Prese�al�otts Ma�MSnan_oe snd PtotedioA oY't�iie T'roperty,'Borrawer's Loan Ap�licatFon;
<br /> . ....Leaseholds..Bo�xnn�er�ac4vpy_..estatslisl�,,and use?the.Property as.Barcawer�cipal resideaoe witbnt sixty days�ter �
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<br /> • . . . the execurion of this Security Insttument and shall conUnue to occupy the Ptopeny as Boiiower�prmripat msidr�ce fnr at
<br /> . ' , teast one year aftcs the date of occup�cy, untess I.endsr aiheiwise �ces in writing. wisich cansent shall rcat �e
<br /> � . . ' . � a�easonably withhetd,or unIess extenuat'sng cireiamstaaces exiss w6ich are heyond Buavwer's caatmL �aaower shaU aot
<br /> �� ,_ :, destroy.damaSe or impa'v dze Ptoperty,aEtaw the Pmpetty to deteriarate,or wmmu ti��ste on tlte Property. Barrower shal!
<br /> -, =-: �.._.._�_......, be in de,faah if any forfeitiue astion or pra�eeding,wheEher civil or crimina2.is begtm that in t.eoder�goad faith jttdgtaet�t
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<br /> � ,. . �'. wuld resalt in forfeitiu+e of the Pt+�peny ae otheiwise rnateriaUy impair the lien created by this Sec�uity tnsmmnetu ar
<br /> ' � � Lender's sec�ity intenst Borrower may c�such a defauIt and*Q+n��,as grovided in pzragtaPh 18,by causing the action , _ —
<br /> � ' or proceeding to 6e dumissQd with a�nting that.in l.eader's good faith determination,pmclnd,�s forfeitore of the Borrower's
<br /> •• ``r . � • . inEe�est ip the Pnaperry or other material impairment af tlie lien c�eated by this Sectuity Instrumem or Lender�s s�urity .
<br /> . � . in.^�est. Borrower shaU also be in defanit if Borrower. during the toan applica�a�graaess,gave materialiy fzlse ar
<br /> • . � inaccurate iuformation ar stat�.�:�ts to Ixnder(or failed to pmvide Lender wit6 any ma'aial information)in cormest:�i with
<br /> � the loan evidenced by the Nate, inclading, but not limited to, representatioas conceming Bormwer's occiipancy of the
<br /> - . Praperty as a pr�ipal residence. If tIus SPCUriry Iaswment is on a leaseC.�*d.Bmrower s6a11 comply with all the provisions �r�r;�
<br /> - ' of the lease. If Bomnwer acquiras fee tifle to ttte Property.the leasehold�^d the fee title shali nat merge unless I.eader agrces �:�,;=
<br /> - • ' to the mer�er in writdng. � ��__-
<br /> � � . T. �rotection af Len�er's Rights In the Piroperty If Borcower fa�s to perFaim the covenants and a�ment� __ -
<br /> ' � ' contained in ti�s Security insuument, or ihere is a legal proceeding that may significandy affect I.ender's rights in the A
<br /> ._ ' . property(such as a gtnceeding in bankruptcg,probate,for condemnati�on or forfeiture or to enforce lav,s or regulations),then • "l:L_.
<br />'r` �. ��. •. Lender may dQ and pay for whatever is aecessary to protect the vaiue of the Property and Lenders rights in the property. ; �
<br />-�°� • ' • Lender:s acrions may include payinL zny sums secured by a lien which has prioriry over this Security Insvument,appe�aring ..�.. '
<br /> '• ;�� ;� • - , in wurt,paying reasonable attam�yb'gees and entering aa t3:e Property to make repaies.Althoug6[.ender may tatce action _ —
<br />-�` ''- � under tbis paragrapb 7,i.ender does no[have to do so.
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<br /> _ ,,,..,� � My amounts disbursed(sy Lender ander ti�is pazagcaph 7 shall become addidearJ�debt of Bairower secured by this _ _r '�
<br /> µ:#c:� ri.�;''�. Security[aswraen� Unless Borrower and Lender agme to otiier terms of payment,these amo�mts shall beat Q►tetest fram the -- _s
<br /> = ��:� `�'' . date of disbutssaea�t at ttie Nate rate�d shall be payable,with interese.vpon notice from Lender to Borrower iequesting ��=�
<br /> .�.a,: ,: I ,..,� . paymen� �'',��-'�.''
<br /> �' � � �• � 8. Mostgage Ins�anc� If Lender required mortgage insuranse as a condition of mak�ing the loan secured by this °�.�+%�--_-=-_=—
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<br /> �i� . � �� Security Instrumen�Borrower shnll pay thc premiums required to maintain the mort�ge insurance in effect. If. for any �• fi;�;�,;,;�_
<br />� ` � � , .� ceason. the mortgage insurance coverage ret�uirai hy Lender lapses or ceases to be in effect, Borrower shall pay the --
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<br /> ' ' ums uired to mbtain cave e substantiall uivalent to the mort e insurance revious �n effecn,at a wst �
<br />-- ' . Prem� req raS Y ecl � S�P P Ig � ,''�i�. '.; �•:.�;
<br />_- _ • • . ` '��' substantialiy equivalent to the wst to Borrower of the mortgage insurance previousIy in effect.from an altemate mortgage � : ;��'., �
<br /> ' , ° insuirer approved by l,ender. If substantially equivalent mortgage insurance coverage is not available.Botrower shall pay to � .. T.
<br /> -- Lender eacd monih a sum er�ual to one-iwelfth of the yeariy mortgage insurance premium being paid by Borror:er when the • .
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<br /> _:` ; >,:,.r.,- � insurance coverage lapsed ar c�sed tu i�in effect. Lender witl accept.use and retain these payments as a loss t�sexve in lieu ;;;:<; �;
<br />-- ' "`"' � of mortgage insurdnce. t.a�.s Yeserve payments may ao Ionger be requimd,at the option of Lender.if martga1 e insurance �--;�•:�� �
<br />'::�:. � coverage(in che�nount an�far the period that Lender requires)provided by an insurer approved by 1,eMer again becomes � � : �'
<br />=- � - avaidable and is ohtained.Botrower shal!pay the premiums requited to maintain mortgage insurance in effec4 or to provide a •
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<br /> ;;�",� , :., � � loss reserve.uatil fhe requiseFnent for mortgage insurance ends in acr.ordartc�with any written agmement betw•een Borrower __
<br /> — .: �`� . and Lcnder or applicabte law. . �
<br /> .'�; ,�°. ,:•.�� • • 9, Inspeetion. [.ender or iu agent may make ceasonable entries upon and inspections af the Fcaperty. l.ender shall .
<br /> - •• , give Borr�wer notice at the time of or prior to an inspection specifying teasona�►le cause for the inspecdon. •
<br /> -��_. � i0 Conde�atton. 'Ihe proeeeds of any award or elaim for damages.direct or consequentiat,in cannection with any .
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