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<br /> „ periuds�,zt Leackr zequifes.,7hc issTU�stoe�cr�sovidin�th�inss,urance sball be:chnsen by�mmu�t subjectl�� :
<br /> <a�gtu�al which�6a�aot i�e c�easoaaDty wi3hhef@. df B�l�wer faiJs co mainlain coveruge descrFbed above.i�en&er�aay.ai
<br /> � ` L.a�er�optio�,"obtain coverage to g�otzct I.enQtr�s{igiits isi the�cupc(tY in 8000zdatwC vrit�pai�gcagh'D.
<br /> A!�i�sn¢aase poIIsc�an�rc�e�vais sf�1 tx t�ceDtzble to I.snder and s�alJ iacIude a stam�azd mqrtgsga ciausa. L�nde�r'
<br /> shal�have t�e regbt to hotd the�o2ictss s�ad�eaewaLs,if i.ender requites�Sb�wer sD�ll g�1�Y 8jve to Lendtr aII rtseipts
<br /> _ _ ��rf�?�+3�►s�ums and ee��wal�ric�s. dn.the evem of loss.8c�mwer sh3ll give psa�ppt notice to,tl�t insvrance caaie:a�d -
<br /> Lea�det.I�eadc�cgaY m�ke pmof wf�� ef riat inade P�I�Y�Y Boiatiwei -
<br /> t3nIess ixnder and Boirc�2�.o9��erwn's..ag�e im wt�dag.insm�ce�caads s�be a�tlied to r�`t�aa t��s�€ .
<br /> the�perty damaged�if tl�.e t�sta�ation ot�gair€s ecanomic.a9ly fi�s�ble..nd Lender��ec�ty is aot,Iessene�l.' If the
<br /> . . ' rest�sation or repalr is cmt econamirallY feasible or g.etld�r's security wouid t�lessemed.the ins�uance prdceeds svaA ise
<br /> apptied to tLe sunns�ecuned by this Security.I�strnmeat.whtdiec ar not t�t�'cfue.whh aay eaccess paid ta Boaower. Y€ •
<br /> `Bornbwar abandans the Pca�eny.,or d�not answer withia 30 days a aodce from Lender that tt�insur�ce�catrier�as
<br /> � offcted co settIs a cPa�m.tt�sn Lendez may coItr,cY t�e insmz�e groc�. Ixnder may�iae�s ro icpair or mstos�e
<br /> i�e pmper'tY or t�a pay sums secvted by tiris Sea�ity dnsuutnsns,ahether at�tot Wen due. 1he 3O�day p�za3��begia wh�n
<br /> tbe aoticeis givna.. .
<br /> Un2ess t,endez aud Botrowes oihe_rn�se agr�m writ�ng.any applicauon of�to principal sdall not extend or
<br /> � . • postpan�,ttro d�e date af the znoat6tY P�Y�nm refem�d to in paragraphs t.�ad 2 ar cisaage the a�oumt of the pa}rment9. If
<br /> . � �der paragra�ei�21 the Fruperty is aoqaic�d by Lende�c.Bogow�rg aght t�a�ny�s�uanoe policits a�p:vc�sed.,tesui6ng ,
<br /> � �dama$�to the�ropertY Paor to itee t�qnistia�►sI�all pass to i.tnder to she,exieut of Q�e�ms s�umd by tras SecArity
<br /> �,.�timn�i:�elyprio•wthe�c7ai-"u�n. . ' '
<br /> • • 6. Ocenp�acy, Preser vati�cs,..ia,iten�� aad �oteQWn.of Att 1'rapeTty; BoremRtr's La�n Appltcation, .
<br /> Lq�ai�. Bortower stk�U occeP3r•esta6lisA,'and use th�Ptapeety as Bom�wer�s p�l ceside�ce pvithint sixty days aRer
<br /> ' the sxecution af chis Secarity In.�ocmment.and shall coffrinne to ooaipy th�Pcap�n}r as Bo�rawer�principal Yesideace for at. . .
<br /> ' least awtc ye�s at�er tln cl�c'of o�y. ankss�l.e�r atherwise agcees�writiug,whird� �nL s1�U aoR be .
<br /> umEaso�'ably witt�he2d.ar unless extenuating circ�unstances exist w'tiish are beYond Bormwtrk oon�al.• Bortn*arerslrail not .
<br /> d�roy,damaS+e or impair ihe PmperEyQ a1low the Praperty to deterioraie,ar cammit waste on the Pc�nperty- Borrower s�►ati . .
<br /> be in default if any forfeit�e ac3ion a�Ittg;wAcether�civ�or criminaf,is begun dut in(.�der�s good faith judgnoent� '
<br /> ' • eould cgsult it�farfeimre of the Praperty or otherwise ma�eriaUy impair the lien aeateQ Dy tbis 5ec�vicy[tzsuuraent oa
<br /> ;,ender�sectnrit�r iitteiess.�fia�mcver m�y c�ue auh a defa�it a�zeius?atc.�s provided In paragrapb 18,hy eausirig tbs actian .
<br /> ot proeeed9ssg to b�discrossed arith a cuting that.tn t.eendet*s gaal faitti deieiminat�c►n.P�elddes fnrfeitgte of t�e$cxmwar's .
<br /> , u►teisst ia the Pm�etty�r otS�et.matedal impaaaeent of the lien cieated by this Security L�.st�nmsnt nr Lend�r�s security
<br /> ` inteiest Borrow�r shall aLso be ir�8ef�utt if Samower,duting ti�loan.appii�atiaa prooeES.F,avt materialIy.fatse,ar .
<br /> � u.aecurate u►fo�rmauon ur statements to Lendar(or fa�ted ta giavcde I eudec witB any material i�onaation)in con�tia�n with
<br /> � thc�Ioait'evik���S5'ttie.,t!��.insludipg,bnt not timited.ib,tePsesentations ooaceming Bamwer�o�x�apancy of[he
<br /> p�upeny as a principai resi�,�`tf t�}s$ecueity Instniment is on'�teasehold Borrower sh�s)1 ccsmpfy wlds a1t 4He p;ov�sio�
<br /> of the[eaSe. If�orrower acquiies fee title to dfee Pioperty,the Ieasehoid aad�ihe fa�itIe shalt n4E merBo u1�t�s i.e�idet agc�e.es .:,'.,;�;�.
<br /> � to the mrager izs writing. . • . .: , . "t;�,;�.
<br /> s.:::i,.
<br /> '�.7. Pr�e�tiois ot'i�endrr's R�hts in tiie pr+oFerl.y.• If Bamawet fa�s w perfam t6e covenauts acrd agroemeais.���'•;:;;v't:�}� .
<br /> am,TS3nN itt this�SeCarify Insumneat, a thet�e is a leF,al�pmceedisng tt�art may signifi�ntiy affest Lxnder's right�ir.tri� �:;:i�, '
<br /> �'�petcY'(spch as a proceed'uYg.in banLzuptcY,Probac�for co�xiemna�ian or forfeitu;e ar to enfo�e taws�or regnlariaas�3,t�e� :
<br /> Lender.may�do•and pay for whnuvei is ncr.,essary ta pmtect the value af the Property and I,eiidea�righes in the PicapeRy. .
<br /> .Leadcr's actio�sxnay inc.tudv P�Y�S aay sums secused by a lien which 6as psiarity over this Securiry Insuument,aPP��g . .;:;;:;:.�.
<br /> ici court,lraYin��asonable attamys'fees and enteinig on tht PtppEtcy to mako repurs.A1tM�ugb Lender mry wice actiun �: .
<br /> . unckr[his oaraQt�uph T.Lender does noc have m do so. � . , .
<br /> • Any amouats disbursed_by l.�n6er wx{er this'[�uagraDt�7 sha3f bxotae ad�itinnal debc nf Eort�wer secuned by d�is �. .
<br /> : � � Secority Insarumen�. Unk�,E�uwer and L;ender agcee to athe;tcs�s Af payment�thesc amoor►ts sha11 beu inte�eat from'!th� �
<br /> . date af disbursemtnt at the 2�7ae rate and sl►all be payable.with inunst,npon nat►ce fmnn Lender to�wer aquestin$� . . _
<br /> . . P��t . . . • . ; • � . � .. , •
<br /> � . �, Mort�e•I�r�nca If l.ender nequircd mortgage insua�a��as a cwdirion of ns�ing the toan secvted by tfeis
<br /> • �� Sxurity Insaomen�,Bormwer sBall puy the premic7ms requiced to r,�nit�in the mortgaga insurmca in effec� If.for�y :'
<br /> neasa�;�ise moitgage.insuranee coverage required bq,P.��cter lags�s or es�a'ses to Ue ia effect,8onvw�a sha�l;�sy�the .::
<br /> - •. p�cmium�ieqiilrrd tb obt,vn covesage s►ibstantiall�eS�atent to the mortgs�� insuraace pneviously.ib effa�,"�it{6,a cost , _
<br /> subst�ntially'equivateat to the cost to Borrower of 3Re mortgag�insu�rance pi�eviously 3n effect,frorra ap alternate iiiioi�4�age_
<br /> inst�cr appmvr,d by Lendei. If sabstatttialiy cquivaIent.�nortgage ins�rraatzce coverage is not�vailable,�Sorrower shall pay to , �...
<br /> : � I,enBct cach mo�th e s�m eqnat to ane-iaG�1:��h of t8e Ypr1Y mmrcg��c°n�r�ce P���S P�d i�y Bsrrower�vhen�c-'�;..;
<br /> ".' � lasurance coverage tap�d or oeased to ix ie�fect. Len�r wiD a��t�i�.and itiain�tficse payi'ncnts as a[ass r+es�rve in lieu ,,�'..�' • .
<br /> � 'of martgage 3nsurarice. LR��cesFrve paymCnts rhay ecd.t3nger be tequired,et�the qptian of Lender,if mottga$e insw�nce �
<br /> � coverage(in the amount:n+ai�:i�fi the period that L�nder m,r,r�ire's)Pruvided by an irt�r'�s appm�!ed by Lender a�-ain b�nes ,
<br /> .availAbk and is obtalned.BasroRer shall pay the premi�s reqair�d to n�aint�iin.moiigage insuran�e in effect.aac to provide s .
<br /> � loss reserve,u�l Yhe requirement for mortgage insurance ends m accxiN�tce with any wrimn agrarttcnt betwtxn�8arrovver , :�
<br /> �l,cnder�inh�'plicatite law. ' . . . . _•:;;,.�,., . . �:� ...
<br /> '. 9: ge�CtioR. I.ender or its agent may m�Ice masonabte enL�I�poq�and inspections of the Yioperty. Lencler sha11 �,"�'`
<br /> g"i�Borrnwes notice at tl�e time oY or prior ta an inspes6uia;specifyir�:^..ason�ble cause for t�e inspectiary.
<br /> . ' l�b Couderoe�tkfn. 'i'f►e prooeeds of any award efict:im fot dEmages.ditect or cans�yuenti�l.in wnnectidi�:�vith any
<br /> . . Sittgle Famify--Faeek MaelilreQl3tr;�lac UNIFOR!d�IS7'RiJ1lEN'P�Un"sionn►Covenants lP9� (Qn8e 3 oJ6 paget) .
<br /> . • • � cyrx Wi�erAwrw Y��..*
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