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<br /> _ .L. , . .. . . _ . � 92-- � 1���4�9 _ �
<br /> � periods th�t I,�ir�es Rquiris,.'tUe insuiance carrier providiog the.insnr.incesh�if 6e chasen by�arower subjcet to l.ender's
<br /> appta4al which shall not be un�+onabty widil�eld. !f Barrower fails to maintain cavcrage d�:cribed above.txnder may.ac
<br /> Lender?�aptia�.`n6taia ooycrnge to pcotect Lendec's rights in thc Property in accordance witB paragtaph 7. ,
<br /> AI!insucunce policies and renewat�c sbait 6e acceptaDle to l,ender and shall include a standard mo�tgage ctause. L,ender.--
<br /> � sh�lt have tise right ta hold tde policies and renewals. if Le�cr iequires,Borrowcr shall promptly give to Ixnder ali ceceipts
<br /> = of paid premiums and renewal notices. In the event af toss.Sorrower shaA givc prompt natice ta the�„��M^�e canier and
<br /> Le�er._Lender may make proof of toss if not made promp[ty isy 8ortowes.
<br /> �-- -- ` Unicss i.ender and Borrowcr otAer►vise agree in writing.IQStiTJI1CC pl'OGYC(Ix SI1�E G�3pQIiC�t0 iC5lOi8tt0�Ot TC�tF 4�. � ------
<br /> - ` t(x praperty d�naged,if tde restoration or repair is econwa�eal[y feasibie and i.ender:s security"is not tesseaed if the.
<br /> restocation or�epair is not econom'�calty fe�sibte oc Lender's-secunry wouid.be lessened,the insu�pe+�ceed�_eGaIl be
<br /> _ = applied ta the sums�ecuced by this Securiry tr�saust�ent.whether or not then due,with any excess ptid to Bomower. [f•,
<br /> = Bormwer ab�ndons ti�e Ptope�ty.4c d�es no[answer within 30 days�notice Crom lx�xler that Ehe insarance carrier has ..
<br /> - offered to settk a cla�im.then Lender may eailecE�tite insprance pra�eed.s. Lender may use the proceeds to rep�ir or restose
<br /> the Propeny or ta pay sums secured by this Security Iasuument.whether ar not Wen due. Thc 3t1-day period will6egin when .
<br />- _ the natice is given: •
<br /> Unless l.ender and Borrower othenvise asree in wriring.any app6cation of proceeds ta principat shatl not extend or
<br /> - paccporie tffu due date of the monthty paytnents referre�to in p�uagrapiu�and 2 or change the�naunt of the payments. If, =
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<br /> un�er pnragrapt�21 the Praperty is acquired by 1.ender.Botmwers rigt�t to any insurance poticies and proceeds.resultinS --_-
<br />�. _ fram danr�ge co the�cnpeity Priar to the.acquisition shatl pass tv lxnder tQ th8 eatent af the sums seeured by tUis Security — _-_ —
<br /> ,. itr.uiume�rt immediately prior to t6e acquisition. ��__
<br /> 6. �catp�acy. Preservatioo. Maiatenaoce and Protection 4�,t�e Properry; Borrawer'4 L.oan Applic�tion:, �;.,,,;,,_.-:—
<br /> I.ease6atdg. Borrower sball arcupy,establi�h.and use the Propercy as Barrower's principai residence within sixty days aftet� , �_";'-��_':_
<br /> . �.;: the Gxecution of this Security/nstrument and shall eontinue to occupy ihe Propercy as.Barrower's.priacipai cesidence for at . -�_l-_
<br /> leasi one. ear after the date af ac untess l,ender otherwcse agrees in writing. which consent shal! pot 6e - �'=;�LL-
<br /> ,4_ un�+easanabiy withhetd,or unless extenuac�t g ir�cumstamces exist which are beyond Bocre�wer:s control. Bar�wer s6al1 not :`���-'�'�
<br />. ' '_� destroy:damage or impair the Property.allow.the Praper[y to deteriorate.ar comm�t waue on the Praperty. Borsower shall . . . t--:�%--�-
<br /> . . �`:-,.�'
<br /> '"`��� be in defauit ii any forfeiture action or proceeding.whether civil or criminai.is begun that in I.endec's goad faith judgment �:�?}``-�`_
<br /> '�� , '��.r..,:`. .
<br /> , ,,�;.,� r..;;; could resuIt in forFeiture of the Praperry ar otherwise materially impair the iien created by ihis Security Instrumeat or '. ;�:.:: -
<br />--=- `' �'��''` '�"`-' lxncler's security+nterest. Borrawer may caic such a default and teinstate,as provided in paragraph.l8..by causing the action , _ _
<br /> �'� �`����'�`�` or pracee�ing to be dismissed with a ruting that,in Lender's•gaod faith determinatiaa,precfudes forfeiture af the Barrower's _
<br /> `=�'�~�`.�.-3��'�s'� • � interest in the Property ar other material impairment of the lien cre�+ted by this Security Ins�tcument or Ixnder's security :`;E��'., • �-_
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<br /> ----+•,��a;.�=�: ,�- . ._:, interest. 8ortower shal( ako be in default if Borrower. during the,.ioan apptication pracess,gave materialty fal.se or ,.. : .:•�_�"
<br /> ' y'� " ` � inaccurate information or statemen�s to Lender(ar failed to provide LeRder+vith any material infom�tioN in connection with .
<br /> � ..,.Y• ..�:,,. •."- • =.` ,�-,
<br /> ` ''���;'�;. � �••"`��4` the loan evidenced by ihe Note. inciudi�a. but not limited to. repre�ent�ions conceming Bonowerk occupancy of the . - __�
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<br /> �� ;� Hnperty aa a principal residen�x. If this Security Instrumentls on a lea.,e.hs�td.8orrower sfi�ll compty with all the prov�.Sions. . - •:;,. .: - -
<br /> ' ��M'�: %•���-1' • of t6e lease. If Borrower acquizes fee title to the Property.tf*-+t�ea-seho►d arid the fee titFe sfiall not merge unIess Lenda a��ee;+ � '��w�;�;�,;,; • .___
<br /> , ��=�.. . . tothemerge�inwriting. •??".. °�_.
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<br /> _ , .r.. _�: •; � Protectlon.of l.ender's Rigllts in,the P�'apestf If Borrawer faik to perfornt the cove�ants and agee�nents . .,:�,..i;�. . .._,�
<br /> � contained in this Security lnstrument, or ther� is a legut pr�xeedin�thai may tiign�Gcaatly affecr Lenderti rights in the.: . •%°__r z
<br /> �, ' �• • Property(sttcb as a prnceeding in bankcuptcy.prohate,for condemnation ar t'cnfe�ture or ta enfarce lawti or�egulations�then ' �"'`��_
<br /> � • .. Lender may do and pay far whatever iy necessary to pratect the value of the ptoperty and I.endet's right+in ihe Property. • _ • • ����
<br /> � " - ' Lender's�ctians ma inciude a in an �umy secured a lien which h:�+ riurit over ihis Securit lnstrumen�a rin ' � . � -� ,'-� �,�
<br /> Y P S g' Y bY P Y Y PP� s �_�
<br /> �''•'• �� ' .. in court,paying reawnable attomeys'fee5 and entcring an the Propert}�ta make repairs. A4though Lender may take action . , , �� � �
<br /> • • under this paragraph 7,Lender dces not have to do so. _' • �
<br /> . ,� . . {• '• • d'iana debt af Borrower secured b this ' :��,
<br /> •. _ `�.._ � Any amounts dishursed by Lender under this paragrapb? �hali becnme ad it I Y ,-.
<br /> ��::. � .- Security Instrum�rri. Unless Bonawer and Lender agree ta othcr eertny ot payment.the.e amowi�s shall bear irterest from the , � ••_ =�
<br /> � date of disbursement at the�ote rate and�hall he payable.with intcre�t.upan notice irom l.cnder ta Borrowcr reyuexting ` -�'�
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<br /> .. . ��.;. S. Mortgage Insuranc� If l.cnder reyuired mnrtga�c insurance as a canditinn af making the toan secured by this =
<br /> �.�`'" � Secutity ln.rtrutt�ent, Han�+wcr shatl pay the premivmy reyuired to maint:�in the monga�e in.u�ance in effeci. lf,for.any , ` s:
<br /> � reason, the mo�e in.rurance.cov.e�aze required by Lcndcr lap�cy ar rr.►ti�w tc� i►e in ei'feci. Borrower shall pay the •� � �
<br /> �.r .::�r.r:,._
<br /> • , ''�' � premiums requirzd to nbtain coverage cutx-�antially ryuivalent t�r Ihe mortgage in�urance previousty in eifect. at A cost ' ,:, .,*.
<br /> � '��.:;�.;�� �. ° � ,ubstantially eyuivulent ta the cast to Boaawer c�f the mongagr imur.mc�previouyiy in effect�from an altemate mongage :;::'::4:
<br /> i-'.`;;�':; , ;;;' ,- � insurer approved by Lender, If sabtitanliaUy equivalent murtguge insur,mce caverage i.r nat.�vaitabte.Banower sbull pay to �_�-����.
<br /> .,}�„�. �,. .
<br /> f;,.�.ri,.; . . Lender each month u sum u�ual ta onr-tweltth nf ihe ycarly mongage intiurance premium being paid by Barruwer when the . �:
<br /> �. . ' :�s�s';�;
<br /> ' . , � insuranee wverage lapsed or ce�i.ed io he in eiPect. l.�nder will aceept.u�e and rotain the�e�ayments a.r a In�ti re�erve in lieu � . ;�,,,�,��
<br /> .'.ti;a:: .• � � oi martgage insurance. l.oss teservc parmems may na l��ngcr lx rcquir::d.�t the��p�inn of I.cnd�r,if m��rtgagc imurance , .. .
<br /> ,�,,�:- ° , coverage(in the amount und fur the period chat Lcadc�reNuire�)pruvicied hy an imurer approved by Lender again hecomey �
<br /> a�aitable:ind ts abtained.Barnswer shall pci}��he premiumr rcquireci ta maintain mongage in.uranre in effret,nr tc�pravide a
<br /> tos�:reservr,until the nyuirement for mongagc imurancc eml.in accard.uue with any�vritten agrcement betwccn l��+rruwcr ��� • .
<br /> . . . and l.cnJcr or applicablc law. ; .
<br /> . 9. InspecNon. l.ender��r it�:tgcnt rra} nt:�t�c rea.onablr�ntri�,upun and intipcction�of thc I�r�Qerty�. t.rrtdcr�hall i��� •
<br /> ` . • givr Horrouerc:�ticc al thr tim�of i�r prior ic�an in�prctiun.�cifying rca+imablc cau.�fur Ihc in.�cri�7n. , t
<br /> . 10. Condec�nudon. 7'hc pnxecd.of��,y a�vard nr elaim ti�r darna�•c�.dirrct�,r cumrquentiaL in cortnrct�an with any t
<br /> . t • Sing�c F�uuly-�Fnnni�tfne�FYcddie�f�r t�lb'/1N�f I%ti'fKt 51t:%7'- Cnifunu Cu�rnant. 4i91! �p��,��„t v/a�.ru �
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