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<br /> — �:,�Y � t ., ; -=-==�eriods tir�t-ix�z�er cegt�=�ir,�uanc.e ca�,^.r p�us�iding th;,insuranc�st�sll t�chascs�2tY.8�sorler suDks3 to E.�tu�?s r 4..
<br /> � �.�:�� i a�pmval ahich shall not be ameasana6ly withltetd. if Borrower��ts to maintain caver�e descn'62c!above,Lerid�r may,at -a^� � _ �s-
<br /> � :�: '�� � --
<br /> --- �. 4'�;,,,.��., :. 4 Leader's optIon,oStain eoveiage tn prote�ct LRrtder's rigIits in the PtvpeRy in accordance with paragisph 7. , . ,-�s� �
<br /> •.Tr 4* �£ All insusauce poticies and rea�ew�ls sball tse acceptabie ca Leader and sh�U include a standard mortgage ctause: Leniter ��, 'K�-
<br /> � ' shall have the right to hodd the pcplicies aad teuewals..If Lendes requims.Borrower shall prom p t iY give to I.ender aU recxipts• �:` � �t t`'�'
<br /> Y,' tr�t� � o f d, *�+?�'*+s a u d r e n e w a l n a t�c e s. In the event of to s s.8orrowd shsill ve rom t notia to the insuiance cacrier ar►� Y��' �„ ���"
<br /> _-.->.?�"• Pai P•
<br /> .�.�-� �, S� P P �'r a fi �r h�,�# =
<br /> .;.�,� r,• Lender. [xnder may makc proof of Ioss if aot rnade pramptly by Borrower. �-
<br />-_����.���--� :. �Jntess Icnder.and��miower othernise agree in wnting,insur�nce pmceeds shall be applied to ratoxatiow or repair of' ,. :. � � �y
<br /> " — - ° ` .. We progerty damaged,if the restoration or tepair is economi c a l ly feas i b lct an d L e n d er's secari t y is no t tess e a e d. I f t h e �j r_, 5,_ti;
<br />� �• cestoratioh or cepair is aai economically feasible or I.eader's security wwld be lessened,the insarance proceeds shall be , � �4 ;;,�S ,
<br /> ` ; � ` applied to the snms sec�red by ttris Secm�ity Inswmen�wheiher or nat then due.�►�n�ny���a�to sonoW�: ff ,�:,�:��.
<br /> `*�_.r�:.-.`:�.:� -.�:.. , SormRer abandons the Pcoperty.or does noi answer vrithm 30 days a aatice f r om L e n d er t hat t he inswance rarrier has ` z� � ��=-��
<br /> ;,;1;..�,�X��.. :.= offaed to seuie a claim,then I.ender may caiteet the instaance proceeds. i.ender may use ti�e praceeds to repair or�stoie ��'";�_��-�
<br /> � = - —- or aui umt�:�i�c'�r s. �;��'i;;�^ ��i `
<br /> - • t�- PFOpCt�o�t0 Q'dy SUT17S SeCUt'�bj►1$L��UT1ty . • �!� �"'� s -
<br /> - `; :,:,t '� . tt�e notice is givea - ° `�'�
<br /> . T�� � � ---,� .::.
<br /> ,;`,,�:.<<.;j.�;,�•. Unless Lender and Hoauwer othen�ise a g[t�ia writing>any application of proceeds to principal shall not extend or _ �T
<br />- � ' .�.. ' pastpone the dec�date of th�monthly payments refemm�to in paiagraphs I and 2 or change the amoant of the payments. If . "�'I'' .}.=�.�
<br /> e �3��.+�-�r,.r. --
<br /> -•-':�� ' ; �- .under paragr�g�21 the Propertjr is acq a i r e d by I.e n d er,$osrower's ri g h t to any insisraace poIIcies and p r a c e e d s resulting � i �
<br /> " . ' • from damage ta the PropeRy prior to the arquisition shait pass to Lender ta the extent of the sums secuced by this Security � __
<br /> - �.r�'� Is�s�mnent imm8diately piicr�to the acqQisitiom. , : . �,�?-�'��—s..��.�..
<br /> ^��:� . • �-==�=-
<br /> ��`� � � 6. OccapaucY, P�a1iu�, fl/dain4enaase and P�ofectioe� 04 We ProP2st9: Borrower's I.flan����n; �_�-��_
<br /> '`�'�--�'f I.e�sehaids. Borrower sL�tLw�py.establis�.and nse ths Property as 8orrower's Qrincipai residencie cvithin��::j�5�'ter • ;��.,,� ----- _
<br /> "'''�� � � the execution of this Se.�u.�>+,�InsGniment and shall continue to occupy the Properry as Bormwer's,priricipal tescdence fos at . °� �
<br /> � — -- , -.• ! , teast ane ye��:�c�'ter the date of aw:up:sncy, anles.s Leader otk..'rwise agtees in s�siting,'wh"sch eo�sent sh?ll nnt i�e� .'. ��':_ -___
<br /> ... ' u�neasunabIy aw'�,',aheld,oi unless ei[tenuating circamstances exist wiucfi a:e 6eybnd Borrower's contrnl. Botrower sha11 not "' �- _ __
<br /> �, ..,:'� '`~��•'� v • ' destroy,damage or impair the Property.altow the P►vper[y to deteriorate.or cammit waste on the Froperty. Borrower sha:i-,, � , :,���' _ _
<br /> ' ��--�`---
<br /> . , � be in defauit if any forfeitasc ac�on ar proceeding.whethcr civi!or criminal.is,begun that in I.ender's good faith judgmer.t:.,� :.� p��'',
<br /> ,�,;, �, .
<br /> �•i;= 1 coutd resuIt in forfeitun of the Property or otherwise materiall�+ impair ti�e lien created 6y this Secwity Instrument or, . = y F.,,�r,.
<br /> . -�' � L.ender's security intenes�t. Borrowes may cure such a default and�reinstate.as provided in paragiaph 1 S,by r:ausi�g the action� � '� �
<br /> • W .. �,� "� . ar procee�ding to be dismisseQ with a niling ihat,in Ixnder's goad faith d�eterminarion.prectudes forfeiture of the Borrowes's ' `-�--- •
<br /> ��'� 7�.`•'� , � interest in the Property or other material impairment of the lien created by this Secunty Instru!�aa-.s or I�ndet's security. �- �,�
<br /> - , , - - m[eresw 'grn�cvwc� �I-� atsc>� i� ct�:auJ: if Sarrsv:er,s�sssiQa she.ln�a_T�'�.'!i-`-�±i�n �!'.ess. �2sr.rr,a:.:�11y false ar. _ �_ �.
<br /> �� � ' . • inaccurate informa6on or statements to Lender(or fa�ed to provide Lender with any material infmmad�3�r.c�ectian w�tl� �• �:'r �`'
<br /> � the !oan evidenced by the Note. inciuding. 6ut not limited to, nepresentaz:ons conceming Bmiower's'occupancyi of the _y �A1'�
<br /> • • Pcoperty as a�riaeipal residence. If this Security'Instniment is on a leasehotd,Borrawer shall comply with all the.provisipns :_: "�,�q�
<br /> •..� . �.^ •� � �'� � ; of the lease. il 13orrower acquires fee title ta the Property.the leasehald�nd the fee title shall not merge unless Les�der agrees �'- ,t�:x"�"'�
<br /> .. ' '' j�; tothe mergccin vrtiting. � ':�'�`:'�' '�"�
<br /> ' ' ' � 7. P��atecHon of Lea�er's Rigdts in the Property. If Bvrrower faUs to perform the coveaants and agreements
<br /> �'`.��.'�'�.' „' . '` � contained in this Secur'sty Insvument,os there is a lega! pmceeding that may significandy affect Lender's rights in the �~ . '��f
<br />- � ' � P►nperty(such as a proceeding in bankruptcy.probate.for condemnation or farfeiture or to enforce luws or regulations),then • '.?`,�
<br />= ��"i:! • ' '. ';; Leader may do and pay for whatever is necessary to protect the value of the Pmperty and Lender's righu in the Praperey. � . �� ��';;�
<br /> ��_;, �_. _ Lender's actions may include paying any sums secured by a lien which has prioriry over this Security[nstrument,appearing ' .,,,., _��.-
<br /> :,Y> • ' in coun, a in reasonabte attome s'fees and enterin on the Pro to make aics.Attho¢ 2 Gender ma take action • *�•''�-"�'`�-
<br /> ' �,�_*,_r:.-y .;;:.., y: P Y g Y 8 Pert3+ reP � Y . a. ,�•.
<br /> �� under this paragaph 7.Lender does not have to do so. • •.•:'���= �
<br /> ' �y�„�-,�'�:y�..`. A n y a m o u n t s d i s b u rs e d b y L e n d e t u n d e r t h i s p a r a g a p h 7 s h a l l b e c o m e a d d i t i o n a l d eb t of Bocrower�ev:sed b y this ;i',;�r,t;,•r '�'� ,
<br /> .. ,,.;.�}; .�� Securi I n s t r urnen� Un less B o r r o w e r an d L e n d e r u e e t o o t h e c t e r m s o f a e n t.t h e s e a m o u n t s s h a l l b e a r i:��-�t fr o m t h e �s;,;.;;';;;�'�,°-'
<br /> ty � P Ym '•,Yn � �i� �
<br />_�;�, �u�� ��-- date of disb:�-�tment at the Note rate and sMal}be payabte,with inteies�upon notice from l.en des to Borrawer sequescing ,�, s5� .; f«
<br /> ,. . paymenG . ',`. �,l,, ,•
<br /> ,,';�:!.��`��'�; `�f�:� S. '6i"ua�t�ge Iasarance. tf Lender required mortgage insurance as a condition of makin�d.e taan secuted by this ,a��,K,� t
<br /> f .7' S .'
<br /> � � �,[ . . � �1/'� ,,
<br /> �S,:cxity Iasuamen�Borrower shall pay the premiums mquired to maintain the mortgage insurance in effecr_ ]f,for any _ -•,if�;�,�
<br /> ''" �"��`•� �z�son, the mort e insLSance covera r uired b ,Lender !a ses or ceases [o t+e in effect.�Boaowes,Ji:z71 pay the �'
<br /> .D�.;s+.-r':.';..�•'�: f . 8a8 S� �l Y P �''`�,..:f I.,,,:
<br /> , . � �s-emiums reqnired to obtain coverage substanaally equivalent to the mortgage insurance previously in efr�a:�.at a cost . ••
<br /> , ,_:..
<br /> ' ; ' substantially equivalent to the cost to Borrower of the mortgage insurance previously in effect,fra:r�ah"a1:::*:ate mortgage [fr'1'�^"
<br /> � � '�.S�a�F�l:�r.
<br />�r. '.�;_4 � ._;�,` �. ';'` insurer approved by Lender. IF substanuaUy equival,ent mortgage insurance coverage is not availJ;l�.L'orrower shall pay to . 1;;�r�,�
<br /> T• •r,,,,;��,,,:.�. �.. Lender each mon:h a sum equal to one-twelfth of the ytarty martgage insurance premium being paic�ay Borrowet when the ,
<br /> •�' insurance coverage lapsed ot ceased to be in eifec� Lender will�ccep�use and retain these paymen�s as a loss ci:-::rve in lieu
<br />= " : "'�?'� . ',' ,of mortgage insurance. Loss reserve payments may no longer 6e required.at the option of l.ec�der,if mor?a�ns insurance :���.,,. �' ;
<br /> .r� �tY:Y : `• `. • �-f;�.�,-,; sovcrage(in the amount and for the periad that Lender reyuires)provided by nn insurer approved by Lender again becomes '�"" . :
<br /> ..',;;;. f\.; . , available aad is obtained.Borrower shall pay the premiums required to maintain mortgage insurance in effect,or to provide a • '�,''.;�;.
<br /> - °;;;'i'{� '� � '� : loss reserve.ttritil the sequu�ement for rtiv�tgage insurance ertds in accordance with any written agreement between Boaower , �;�:;v;';
<br /> - �+�.,:.,,,•.._,..•.�ty,:: - . . .
<br /> -��,:. .
<br /> . �;;,.��a,,;;,>t) and Lender or applicabte law. , �
<br />= �' � ;.��?.�:�:•' .�. �`� 9. Iaspettton. l.ertder or iu agent may make reasonable entries upon and inspections of the Property. Lender shall .
<br /> „ +� F -�,�r �� ive Borro�ver notice at the time of or or to an ins ction s ecif in reasonable cause for the ins ection. . � ,
<br />=���:.,�:,A'�,.� �•;. g Dn Pe P Y g P
<br />=�_a:r.��y`�i��,; 10. Coader[mattote. 'ihe proceects of any award or claim for damages,dircct ar crmsequential,in connection with any
<br /> y� .:�, � ,.y �
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