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<br /> periods tint Leudet m�uires. 77r insara�re rarrier Prm'idi�t1�e insupnce shali`be��hmen by Borrou�er subject to 4ender's
<br /> � appcoval Khich shall�at'be unrea.�biy withitc��-if.8orrowec fail's to maintain c<+�eraLc de�cri6ed atw�ce:Lender may.at
<br /> Lsnder's optiotT.o6tain covera�c to.Vratec!l.aider's rights in the Proptny in�rcordancc withpazagraph 7.
<br /> AH t7�sur•ence po!'seits and renewatc�lr f�e xceplabte to Lxndec�td yhail inc[pde a standard mnngage clause.,Lendes
<br /> — stiall have tbe right io hotd the policies and reoeu�ais. If.Lender teyuiies.Barn�er tihall pmmptlp give ta P.euder a!!��ipts - - :_-
<br /> uf paid prurt�uins and renewa!natice�c. In the event uf las.s.Borrawer shali give prompt notice to the in�ur,u�rc canier and
<br /> l�de� lender ma�t m�ite proof af lc»s if nat made promptt}by Bmrox er. --- -
<br /> � Uniess Lender and Bomnwer uti�emise a�ree in writing,insuran�-c Rrorecds shafi bc applied ta restarstion ar rr�ir of
<br /> the Ptopercy damageA. if the nKtotation ar repair is ecaiomicalty f�nible�tid Lender�+ccurity is mst tesse�ed.' If the
<br /> . restoration or repair is not ecainiri►cally feasi6le or Lender's security woutd 6e tessened.the ia.urance pr+oceeds shaN be _
<br /> " applied to the sums secured b�this 5ecurity lrtmumen�wi�ether ar nat then Jue.with any rxcess paid ta Baccawer.. If =_.__
<br /> ;� � gormwer abandons the pr,operty.or doec rtat am�•er w�ithin�30 days a nntic�from i.ertder that the irtsur.mce carrier has —_
<br /> offered io settk a claim.tb�ei�l.eader may coltect thc insunu�ce praceeds. 4ender may u+e the procecdS to repair or restore ---
<br />:.-��7 � the°Pmperty or to pay sums secured by this Security insuwnen4 whethee or not then du�. 7Tie 3it�day petiod wilt degin whem �__
<br /> - the notice is given. ;
<br />�� �'; Unless Lender and Botrower otherwise agree in writing,an}apptication of pcoceedti ta principal�haU nat extend ur ����_�__._.
<br /> - . postpone the due date af tI�montltty paYmeeis refernd to is par.�grsphs 1 and 2 or cbange the amaunt ef the payments. If- �_=-=-=___
<br />_- - under Par�graph 2I the Pruperty is acqnitrd 6y l.ender.Bairvuer's�_r.ht to any inwrance poticies and proceeds resuiti�g _-.- ---- -_
<br /> from damage ta the Praperty prior to ti�e.acquisitian�ha1!p3ss to L.encfer to the�xtent of the sum�securcd by ihis Secarity ��_ --v
<br /> lnmumentimmediatelypriorto�tlte.acquixition. • W�=-;;;� �
<br />- - • 6. Oceupsocs, Presecvation. Maintenance aad Protcctioo ot the Property: Borrow•er's Loan Applicatian: �"�-:=, -
<br /> � i.a�seboWs. Borrow•er shal!accupy.�estabiish.and use ihe PropertX a+Boaower:s principat residence within siaty days aftec . _ -
<br /> ' the execution of Ihis Security Insuvment and shull continue to occupy the Property as Sotrow•er:s princip�l residence farat - ::
<br />' � _s teast one year aftet the date of.occupancy. unless I.ender othe�wise agrces in writing, whicb cansertt shal! not'6� �,�°�:�;_
<br /> - � uamawnably withheld,or un►es�eatenuatins circumstances eaist which are beyond¢o�mwer:s control. Borrawer shall rtoc ��-.-;�:_
<br /> �`� destroy.damage or impair the Pt�np�rty.allow the Property to dcteriorate,br cammit waste.an the Property. Barrower shatl�� , � " =
<br /> � •. ,,, be in defaalt if any forfeiture ac[ian or pra+ceeding,whether civiF or criminal.is 6egun that in Lender y good faith jud�meuE• �- r�
<br /> r�.;.`:i ,t,.- .. could tesutt in forfeiture of the Property or athenvise materially impair the lien c�eated by this Security lastrumeni ar � _
<br /> � _ ..� . Leetder's security interest. Boirowee may cure�uch a default and reintit�te.as pravided in paragraph 1 R.hy causing the action _. . � '�;= �-_ __-
<br /> `��� +' or proceeding to 6e dismissed with a ruling that,in Lenders good faith determination,prectudeti t'orfciture of the Borrower:s - , __
<br /> ='',�s`� iaterest in the Property ar othcr materiai impaim�ent of the lien created by this Security Imuument ar l.ender's serurity , �-
<br /> �.4�.� � .. . , .
<br /> ' ��x=`,�= � `� interest. 8orrower shall alsQ be in d e fau lt i f Borrawcr. durin� �he [oan app iic a tinn p r a cess, g•rve materia{l y fatse ar _
<br /> < `;�-'•• � , inaccurate infotmatian or statements to Lender Ivr faited to pmvide Lcader with any material iafarmationl in connection nfth '�_
<br /> -•�:�;;��:���; , the loan evidenced by the Nate. including. but not timited to, representations conceming Bortower 4 accupancy o€thr ,�.��
<br /> . .:;'��.�`��=.� . �. Propecty as a principal residence. If this Secunty Instrument is on a I�se6old.Borroa•ec shall camply with all the provisians . _��
<br /> . of the leace. If Batrower acquires fee title ta the Ptaperty.thc leasehofd and the fee tiAe shall not mcrge unless E.ender agrees s�,,
<br /> '�`�'`'E::',��::�..� to the merger in writin=. . � - -
<br /> ���=•;���-j�,:� 7. Protectioa oE Lendes's Rtgltfs fn fbe Y�roperty. If 8orrawer fails to pertarm the covenants and agreemenu . . _;—
<br /> _ '� = : • �;:, .. cortained in this 5ecurity Instnzment.or ihere lc a tegal praceedin�e that may si}:nificand� r::f:�ct Lertder's right�� in the ';��_�_
<br /> ' � " ``=-•` '• �''''� '� Propert�(such as a pmceeding in 1'��.tvptcy.probate,for condcmnatian ar forfeiture or ta er.fc-rc.e laws or mgulations).thrn � -
<br /> � ' I.ender ma do and far whsri..n�is neccssa to rotect�he valuc of the Pra rt anJ Lenders ri ts m ihe Pra •• � . ' �����c
<br /> Y PaY iY P Pe Y €h " � P�=.
<br /> � � L en derti actions may indu de payinr any su ms s e c u re d b y a l i e n K•h i c h h as p r iorit y over thix Securit y In�trument,a p p e a n�g- ��� "�_
<br /> . � � in coart,paying reasonabte attomeys'fees und entering on the Pmpeny to make repairs.Although Lender may take ac[ien. 3; �
<br /> ' under thEtiaaragraph 7.Lender does no!have to do sa. . ' ?
<br /> . �..1 amaunts di�buned hy l.��:r urrder thic paragraph 7 shaU become ad�itional debt oi'Bunower secured by c1-ir ,-j,._�: �
<br /> ;��;• ' . • 5erurir..�;:tsttument. Untess Barro�a�zad Lendcr agrcc to other term�of pay�mcnt,thc±c amaumti tihall brar interest fromk�:e , „
<br /> ;.;�-, date of di�bursemer:t ai zhe Natc r::rc:and shall t►e payuble,with intere�t.upa*�noticc fmm Lender to Bonower reyuctiting ::�_
<br /> .. . payment. ' . . _ _ <..._,,_
<br /> ' • . '" � S. Mostgagefs�.•caace. U i.cn<ter requimd martg:+gc in�urance ati z c,.�dilian of making the!�aar._.::cureA by this `�
<br /> � ' � Secamv Instrumen[:$:�".':�k`c:`�I�afi paY the prcmiums reyuirrd In maimain the mongage in�urrnc�i���:•�;; Jf, for aau .� . .°��
<br /> . •� .. rea.un. !�e martgage i;�.7zr.ee coi�cragc reyu�nA by Lender tap�es ur cea�e� to bc in eir::r..Ec,�cc�,r tihall pa� �+� � '' .� . • .�`
<br /> . • pr�rr�iuT�required to abtain rnverage substamuilly equivalent to the mangege in+urance ;:�.;ow,;y ;^effect, at a c:��a � . .
<br /> .' • , tiubstantialty eyuivatent to the cn�t to Borr��wer of the mongage imurance rr:,n i�rotily in rffect,f'r�rn 2n;,�*.zmat�m��rtga'�� i ��• '�= `
<br /> . . insurer approvrd by Lcndcr. Ii�ubst.mtially equivafcnt murtgagc imurancc co.rrage i+nut av.+it.�hlc.S.c,_.r;,�2r.rhall pay ta f' ';�;�;,=-:
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<br /> �,•'.x, : :_ . � Lender each mamh a tium equal to anc-t�vclfih of thc ycarly mortgage in��rxn;:;;srrmium Ixing paid by�:��ower when the . '� ��..
<br /> • - • . insurance coverage lapyecl c�r rcaticd to hc in cffcct. I.�ndcr�cilt aicept,u�::::.:.f r_.aia thcxc payments a.s�}a,s rc�crvc in Ee:; ��;-'��'='
<br /> s� r:y y � � � r F � -, ��..--
<br /> • of mort a e imur:�ncc. Lass rc+rrve .� ns�mt�ma�n��lun er i�'e �.::r.d,at�he u �iun af lxncler.if m�rt a e imursr,:� - �. �
<br /> • coverage �n the amnunt and Pi�r the peni�d that l.enatrt r�yuirc�. �:nsided'�: �a imurer:ippruved by l.rnder again becc^c� . . .4 "" ��_
<br /> . . availabtc und i.ubiuir�::�:Borra��•er�:hall pay;hc,�<.�itnm requircd tn ma;::,,�-:r.u,rt�agc in+urancc in effect.ar tv proviu�a ,. .
<br /> : ". lo�s rescrvc.unlil the c�:;�;�iremcnl fc�r mortga��s:;c.r;:ncc end�in stccordar.::::.:th any arittc�;a��rrcmem t�,�a•cen Borro�ver � . . .
<br /> , ' and Lcndcr or applirabfc law. ' • .
<br /> - 9. lttspection. l.cndcr ur it.a�r►tt may niahc rc.��unaMc cnlricti upun cutQ in,�xcliun,uf Ui�Pru�c�s';y. lAndcr,l�all F . ._ . .
<br /> ' ' give Barrowcr n��tice at the Iime of c.eprior t��a»in�pectiun sprcifying rca���n:�Me cauu 1'�+r U�e in.pcc�i�m. { . .
<br /> ' . 10. Condrmnolii�a. 'fhc�rcnvrQ.,u`uny:�ua:J ur claim ti�r daiu;�gc..lI1Rl'1 Uf C1y11r�l�UC1111a1.in a�r.�xctic�n with:1�Y . � �
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