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<br /> _ ��� �� � � 6. �a2�d oz ia�uracs�e. Barrawer shall t�eep �he 6mprayP�*�S IIow exisring or hareafter e�ectec� aa the --- _ __
<br /> ,_ �� . �Y °-
<br /> _�-� P�u{�sty ins�red a�ainst toss by fir�.harards included-rmhiu{he terra.`ext�d co,verage°and any_ather Harards,.instud'mg �__ _-
<br /> — .' ' � Qoods o�tToading.for which Leuder rtquires i�rnra�ce.'�is ittsuraaoe srial!b.,maintained in zhe amovhts and for the geribds — _ _
<br /> ��we_ �
<br />-��;��..~ that Leader requires.'i'iie insurance cazrier ps�vidin�the insuraaas shail Is�chastin by 8ozt�wet suf�Ject to I.ender's approval #vr.�_��.,-=�_
<br /> n �� — -
<br /> -� � cvhich shall nal be unreasrnaabiy wit6held. If Borrowes fa�s to maintaincaverage e�escrib�d.�save. L.ender amy,at L�der's _—
<br />- --�--=' �� option.abtais�cavaage to protect I.ender's riglhts in tlte P[+operty in acc�frdaaca vritis paragsagf�;7. ' ---_ m__ �
<br /> }'""����`�• �A l t i n s u s g n ce p o l i c i e s a a d r e�e ti v a t s s h a}! b e a s c e p t a b t e w L�n d e r a n d s h a l t i n c i u d e a s t�d a r d m o a g a g e c t a v s e. L endei ��`�'�'�����
<br /> i.. S.
<br />���,�_�.,.�,,�N/`_ s�alt have the rig6t to hatd the polictes and re�.^�;als.if Lende�requires.Borcower shall pmmptlY give hi ixader�lt re�ceipts of =����:��r,��,�
<br /> ^'�"�: - f'"' T��-LiL"f[=nv.
<br /> ,,.H.��•�s.��.� •, , paid premiums us�d reaewa3 nntices.In the event of toss.Borroiver shall give prampt aofice to t6e i„c�r�nce cazrier and 3.euder. .., ?�.,;';. �.�--__>�::
<br /> ' ` `� �,,,
<br /> F-- Lcnder may tr�a�:c praof af loss if not mads pro�ptiy 8y&�rrower. �
<br /> f��'�" _:� . � r �`r ,�
<br /> �-�--� � 4_ -_ iTnl�ss i:etidef�ti Boim�rer otiierarise��writmg,iu�tu-��'�s�6e�s2i��s r��csr-r�ss ss€s�e. �
<br /> �'�;�S -� T ProF�rtY d�mASed.if the restoration ar repair is e0�aflmically feasibk and Lender's security is not!�.IF the re.stora�on ar.,� ��,'-• a � '
<br /> � � ;�`� mpais is nnt economically feasibls qr i.endet's��rny woutd 6e lessened.tl�e insuiance pmc�ds shatbbe applied•to the snms �;�r '�rr r��''� `
<br /> "� s�sured hy this Seeurity Insttium�at whether ar aot then due. with any excess paid to Borrower. If Borrawer�baitdons the E�; 1,�,`L ,__-=.' -
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<br /> a-�°.r-t�t�',.�, properry�as daes aot aaswer�vit�in,30 days�notic�from Lender that the insuiaase carrier has offered to setile a ctaim,then . ,,.,�•�,____,.;,;�„ ,.
<br /> ��"' •" Lender may collect the insvraace prooeeds. I.ender maY use the pmceeds fo iepair or mstore tlne Ptoperty.or to pay snms � �,'�;
<br /> �� �,_
<br /> '� �"�• � . � secased by this.S�curi�ty l�swmeni.wh�her or not then due.The 30-day p�rio�wili begin when the�uatice is giveu., . r� a�; ,,��.F ::
<br /> � r K � ' Unless Lendeir aud Bamower otherwise ag[ee in writing, any application of proceeds to Frntupal shall nat exiend or :..,¢: � 4�p,�
<br /> -:''t�� pastpone the due date of the month(y paYmenu referred to i»paragiaphs 1 and 2 or�c�ange the�c�owtt of the paymcnts.If` r '� ";'='_�`_?=.
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<br /> �-�,��„ under P�9aPh 21 the Property is acquired by lxader.Barrower's right to any insar..ax policies and pmceeds c�snldn&from� r . -�..�e�""
<br /> Ti�.,�,, �4 damage to the Property prior to the acqaisidon shall pass to Lender to the eate�t of the sums secured by this Se¢arity Instrament • ��'��
<br /> k ;° �._ imm�StelY Pr�r ta�he acyuisition. -- - "L��� .-
<br /> �. �.a,._:.
<br /> . � :°f�-�.,° 6.pocupaacy PreseevatEan.l�llatnieaa�se aad Pratedloa of t�e Proper�ty:Borcower's I.o^�ApplicatFe�;,'L�oIds. s ���: �
<br /> -- _.� Borrori•er shal!occuPY,establish.and use the Property as Barrower s prineipal rrsideuce�vfithin sixty days�i�tiu:��.�ecution of � '���;'� ����-
<br />' :� �.�" :,��` this Security Instcument 2nd shaU contiriue to oaar the Pro as Borrower's residence for at lea..�i n�. ear after , :'"'-"��_�`
<br /> ..•": P3 PertY P�P� Y .��1:_"�:.
<br /> : '_:,:...,• ,; tha date of occapancy.unles5 Leader ot6er�vise agrees in writing.wluch conseqt sha15 no!be unreasonably withfi`,�2�t.or unless •.
<br />".n}•• �=,.�::�� .. . _
<br /> _ extefmating circ�mstances exist wtiich are 6eyond Barrower's conuol. Borrov�er sha11 nat dests+oy. d�mage os impair ihr
<br /> • �' Pr+aperty,altow the Property to deteriorate.or wmmit waste on the.Pcoperry. B�rrower shall he in defa•.ilt if any forfeiture. , ��,. '�
<br /> .. .�•- — asaonvrp�ua�dir�:�;,�:-¢icz:c��.b'�i�=ist l��s Sca-"-t�f�+!h2FUtgmene eLSZFd resu�t in forfeinueof the . _ ` ,---�!�•�,��
<br /> ��''�i`' Prapeity or otherarise materially impair the fien created by this Securiry 1nsUVraent or L.ender's serurity interest.6orrower roay � 'r�,�
<br /> SU
<br /> ,, • - �' � cuce such a default and reinstate.as provided in paragraph 18,by causing the action or proeeeding to be dismisse���ith a iulip� ,
<br /> . _ .;. ; �'� that. in l.ender's good faiih deter�ninatian, precludes forfeiture uf the$orrower's interest in tt�L�roper'ty or ni?�er material: •� � � '�
<br /> . ' . �"�. impaiment of the lien creazed by this Security Instrument or l.ender's security interest. Borro�ec���all atsa�e zn defau_t iT . '• �
<br /> _. . Borcower.during the toan apptiption process.gave mate�ially fatse or inaccurate infcra�tion or statemenu to I�s(or failed � "" '�'
<br /> �.^''���'T`�`"'' to provide Ixnder with any material information)in wnnection with the loan evidenced by the Note, inclading.iiut not limited -�� " �• "•�?
<br /> - - �•'� to,represemations conceming Borrower s occupancy�of the Property as a principal residence.If this 9ecurity Insuument is on a ��•
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<br /> � ' lease3iold. Borrower sha11 wmply with al! th�e pravisions of the lease. If Borrotver acquires fee title to the PropeRy. the � : ';'� ��
<br /> . . � le�seboId and the fee tide shald not merge antess Lender agrees to the merger in writing. ` �`',r
<br /> • ` ' '`•. � 7.Pc+otettlon of Lenda's Rig6ts in the Property.If Bonawer fails to perform the wvenants and agreemenu cantained in �' • '. � •�
<br /> " ., ` '��' this Secuurity Insuument.or there is a legal proceecling that tnay significantly affect Lender's dghts in the Property(such as a ' �:!''i`��. :',�>�:_
<br />`�'�'���.'."` pioceeding in bankruptcy.probate, for corsdemnation or forfeiture or to enforce laws or re�ilations).then Lender may do aad ;,;�;�`�' `Y= �,
<br /> ,rti �-F��i�.
<br /> ' Y a for whatever is neces to rotect the value of the Pro and Lender's ri ts in the Pro Lender s actions ma .�r"}::� '�
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<br /> - �a-� � P Y �5' P P�Y Sh P�Y• Y F �� ,.
<br /> � L,• i incta�e paying aoy sums secured by a lien �vhich has priority over this Security Instrument. appearing in court. paying ` ,r•'. �� �
<br /> w u:Sr:., ' ' , � reasonabie attomeys'fees a�d entering on the Property to make repairs.Althougt►[.ender may take action under this patapaph ;;��:':.;..�� . °• �� i� �
<br /> •,.,. 7.Lender does not have to do so. :����'� �.;f-►.•: -
<br /> f-�`. .
<br />_�,5��:;-�� ' My amounts disbursed by Lender under this paragraph 7 shall become ad�iiiYOnal de6i of Borrower secumd by this • • ..
<br /> Secu�rity Instrument. Unless Borrower ar.d.f ender agree tu other ter�ef payment.these amounu shall bear interest from the ":'���;c.:'��
<br /> � r date of disbiusement at the Note rate a-�:�hall be payabte. with interest, upon norice from Lender to Boaower requcstiqg • � �r ��� -
<br /> .. . . .,a � , , {�,r. ''_
<br /> :: . . paytnent. � ' ,
<br />''�`�v' �� f,� 8.Mortgage Insnrance.If Lender required mortgage insurance as a cond'ation of makin�the loan secured by this Security
<br />:':;;4n• ; . .
<br /> ��'�a' -;'•..rr; Instrument. Borrower sh�l!Qay the premiums required to maintain the mongage insuranoe in effect. If, for any reason, the ••
<br /> ;ti•�F�:'• . .. • ' . . , .
<br />-:.�_ : .n.,.;�l� , mortgage insurance coverage required by I.ender lapses or ceases to be in effect.Boaawer shall pay the premiums required to .
<br /> . _�. ,�. ,,•_�k� � obtain covera2 e substaniially equivatent ta tlze mortgage insurance previonsly in effect,at a wsi substantially equivatent to t�e • � "
<br />;:=;;�,_��-•�-•�:: . , cost to Borrower of the mortgage insurrne previously in effeci. from an altemate rttortgage insurer approved hy Lender. If , �
<br /> �.��;�;z��':. :
<br /> ;s�,,;,;., J,,��;�_�i substantiaUy equivalent martgage insurnnce coverage is not avaitable.Borrawes shall pay to Lender each month a sum c;qual to , .
<br />-- ' :fir;:�.. : one-twelfth of the yearly raartaage insuiance premium being paid by Boaower when the insurance coverage lapsed or ceased to '�
<br /> ����• • �� `� be in effect.Letcder will accept,use and�ttin these payments as a foss mserve in lieu of mortgage insurance. Loss reserve �
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