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<br /> • 6. Qacupa�cy.�eeservattoa. biaiatena�ce ae�d FrBtcdfan o8 the�agea4y; I3s�raoirer's 1�an App�i�ntton: . ,�._
<br /> . 3.�sc;�aicL�. Bort�arer shall ocv�py.establi�h. an4 use the Froperey as Borrower's prI�cipal residense�s�ithin sixty days �f,.,;
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<br /> -- ` afrer me exeeution�r4 t�iy Sc�iu;. :�ta.s�at��co�t i n�x t�e x�:p y t h Q p n o p e*t y a s�r r o w e r�5 n T i A C l g 8 1[p S f d C II C B �s-��
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<br /> for ut least ous year aftu the dat�of occupancy.unless Lender otheiwise ag�ze.s in writing. wsicai oo�ssut shall not b� �,.,:.
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<br /> t ��• unreasonably wtthhe2d.or unless e�ttenu�g circuttostaaces exist w6ich are beyond Bo�rower's control. Borrower sha71 ;;.,•.
<br /> a
<br /> — aot detroy.dam�S�or iffipalr the Frnpeny.allow the Praperty to deteriar�ue.or commit waste on the Propeny. Borromer :::"
<br />. � sh;ill b.in defauit i?eny forfeicure action or praceediag,whether civil or criminal. Is begun that ia l.ender's gaod faith _��._
<br /> judgment oould restilt in forfeiture of the Propercy or othe2wise materially impair the lien created by this S�►riry '�
<br /> :� l a s s n�a c�a i o r L e n d e r's s c x u r I t y►i n t e r e s t. B o t r o w e r m a y aus such a defa�ilt anrl reinstate,as pmvided In F�S�Ph 18.by —
<br /> fJ':`• causing tha action or pzoce2ding to be dismis�ed vrith a n�ling that. in L�nder's good faitb detemrinadon. Precludes ��•,`•
<br /> forfeiture of tne Boreower's interest in t�e Proparty or other matedal impairment of the lien c�ated by this Seaasrity �
<br /> instnmiaut or Lsader's securiry interest. Borrowcr shall aiso be in default if Borrower. during the loan application ���.
<br /> pmcess, g�ve mat$tL111y f�ls.or inaccuraie iaformatian or suue�oeats to Lender(or failed to provide Lxnder with any �:u:.
<br /> materlal information)in coane�don vrIth the taan tvldenced by the Note. including.but aot li�ited to,rep�entations �__ ��
<br /> ' onnceming 8orrotivet's occupaacy of the Property as a princigal x+esidenc�. If tbis Seauity Insuvment is oa a le�hold, ��:,�;
<br /> en
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<br />,,�:�.�.: Hasmwer shall wmp[y arith aU the pmvisians of tIu Isase. If Borrower acqui�es fee ride to the Progerty,the leasehold and ::
<br /> ���� the fee titie shall aot merge uniess Lender agrees to the mer�er in writin�. :z<.�_;
<br /> `;,°��. If Borrower fa�s to rrn the cavenants aa�!agn�ements � :
<br />.. 7. Peotedi�ot�nd�'s Rtgbte In the P�+ope�Ry. p� , .^�..�,;;;
<br /> �� :° oontained in this�tg►Tnc ,meat. or theee is a tegal pra�ng that may significantly affect I�ender s rights in t�e ,,{:,�
<br /> Pmgerty(such as a proce�ing in b�tcy.Pmbate.for condemnation or foifeiaue or to eafora laws or:�gnlaziacs), ,�.c:.,:°`
<br /> � ' then a.ender maY do and Pay for whatevet is aecessary w pmtect ths value of the Property aud Lensfer's rights ia the f�;:� ,
<br />' proPenY. lrander's actions may inctude�aYing anY sums s� by a Hen wh�ch bas priarIry c-�this 3� - "�_
<br /> ' Instrument,aPP�B in court.Fayin$reasonable aitomeys'fees and enteting on the Ptoperty to make repairs. AI�3�,� �`�;__.
<br /> " ' h 7.I.eadee do�rst l�ave to do so.
<br /> I�ender maY t�tce aetion uadEr tbis paragzap �;�-�
<br /> Aay amounts dis0ursed by I.a�der ander t�is paragraph 7 s3�ati C�eeome additional debt of Borrower soaired by this
<br /> Security inatn,�men� Unless Boacawer au�Len,der agree to other terms c�i�t�ent,thaSe amo�mts shall bear inserest from �=-_
<br /> — the date of disbuisement az the Note rase aad s8alt be payabfe. with �m�c, upon nQ�ice fram I�d;x to Paao:�e: �-�.=
<br />. at �
<br /> ��ng F��t� If Leader mortgage insurance as a condition c��aking the loan secured by�.*'� �w=�
<br /> �. Morlgaga Tasue�nce. �i�
<br /> Security Instmment,Borrawer ahall pay the piemiums re9uir�d to maintaia the mortgage insuiance in effect. If.for�ty �•_`.:
<br /> ` reason. t�ie mort�ge Insuraase covera�e res�uired bY Lender lapses or cea3es to be in eifecc, Bortower shall pay the
<br /> pnmiums requlred w obtaia covecage sub��sially equivalent to the mortg�ge insurance grcviously is effect, ai a cost ,:,.
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<br /> rcvio in effect,from an alteraate mortgage ���-=
<br /> . sub�tially equivalent to the coM to Borrow��f the mortgage insuranoe p ns1s1 �
<br />� ', �'�Proved 6}+Leader. If s.u���ti�lly e�.��atent murta,�ge insutance wverage is r�availalsle,Borrflwer shall to
<br /> i�c�h month a sum equa�t��twelf�of the yearly�a�rtgage insurance Pm��8 Paid by Borrower whe�n the �;.�''.;;
<br /> • �a��e covetage lapsed ar c�3 to be ia effecx. Ir�der w�l arcept,nse aa�retain r�az Paynnente as a loss reserve In .�
<br /> � lieu�f mortgagc iasutance. �,oss reseive P�Y���Y no langer be required. at t�s���pdan of Leader. if mortgage .�_--
<br /> inst:rasce coverage(in the ame��t and for the period thaz Lender tealuires)pmvidzd�an insurer approved by Lender —
<br /> '' aga:�i�ecomes available�nd�rs�Bstained. Bomnwer shatl pay the piemiums required ra anaintain mortgage iasuiance in
<br /> effe�c,or to pmvide a loss��, until the nquireme�x �cr mortgage insuranc�e�ys in accord�ce witb any writt� �
<br /> agratoent betvre�n Borra�ve=am�Lender or appllcable law.. -
<br /> 9. Inspectiun. Lende3 or iw agent may malce ieasonable enuies upon and iasgaxtoas of the Property. Lender
<br />. sBall glve Borrower notice at the time of or prior w an inspecHon specifying reasona6le cav�e for the inspection. —
<br /> lU. Coadrmnutton. T�e pnoceods of any awazd or claim for damages,dizect or eonseqnenti�l, in eonnectlon with __
<br /> any cc�.°mnatton or other ta;c,^�af any pait of the Property. or for conveyance in li�tt of condemnarion,are hereby ---
<br /> . ass*,�and sball ba paid to i��ar. i
<br /> � ' Qa the eveat of a toml t����f the Property. the proceeda shall be applied to the sams secured�y►ths�..SapatitY
<br /> � Inst�ument�whet�r�r noe thea�ue,wIth a��euess p�fd to Baaower. �tha eveni of a partial taida�qf t$e Pc�j�in
<br /> �, wluch the fair ma��lc�i vaiue of the Praperty imuu�diately before the taldng�s�'qual to.or greater thaa th�z�uauni of t�su�s --
<br /> � saaaed by this Secu:ity Insmuaeat flmmediatet3►befoze the t�ldng.uNess Eaieower aad,Lender otheswise agtee in c�`�iAg.
<br /> . . '� the sm�suured by this Secur:r,�Insuament shall be nduad by the amo�mt of the Fc�aoeeds muitiplied by the fe:�n�ing --_
<br /> . fr�t4r�:(a)the wtal amount of the sums sau�d immodiately befo�e the tatdng,divide�vY(b)tIIe falr madcet val�of the �.
<br /> , g;p��y;,;,,:,"��,:y b.,"fo�the�in;. Arry b1���h a l l b e g�i d to B omowta. L n t h e�vrnt o f a aaati il t�i c i n g of the -
<br /> Ptopeny in ahi�r�e fair marYet v�tue of the.Pmpesry im�mediately before tho taking is tess thaa the amount of the sums ���
<br /> secnred iipmedi�2Y before the taking,unless Borrower and lender athEr-+rise agree in wrldng ar c�less applicable!aw �._:: .
<br /> . ot�.�wise proviDes,the pmaee�i��a11 be applied to the sums securcd by t�ss SecurIty Instrument whether or nat the aums
<br /> � �c�tiea dus. — _
<br /> � � If the Praperty is abaac.���bY Boaow�r,or if,aifter not�ce by Leader to IIa�r�a�er that the condemnor offers to ��
<br /> • � malce an award e��:;,a cL�m for damag�s.Bonower faiLs w respoad ccs A�ader wi�n 30 days aiter the date the notice is
<br /> - ... givea.Lender is 4:.:�''w�%zed t�collea and apply tha prooeeds.at its option,e'.�er w r.�t��tion or npalr af the Property or to �,�._
<br /> � th�sums seruted by this Sa�ay Inswment,ahether or aflt then due. �
<br /> �':aless Lender and Bonuw.tx otheiwSse agtee in writIu�,any appllcation of praa��,to princlpa!sball nat�ar,�ad or
<br /> .. • pa�t�.e the due date of the mamfr3:Y PaYmeats refened to'vz�nragapha 1 and 2 or ci�:tho amount of sach g�:fm�sc:,. �_::,.
<br /> �l. Bonra�r�NM Retr�;ed; Forbe�rauce By I.�er Not a Waives. Ex��an of the ti�e for pay~�,..�cr --
<br /> modification of a�ncclzation of the sums secu:ed by this Sec�uity Insuume�a g�anted bY Leader to anY���sor in interest of -�_
<br /> Borraw�r shaU nnC�mte to telease the liais�i:sy of the ori�ina]Boaaczar�r Boa�nrrr's succe�ocss ss�i.�terest. l.ender
<br /> ina]
<br /> shall aot be requlcrd to commence pmoeedings against au�►sucoessor in eatenst ar��w extend r�fcr�ayc�ent or �-=-
<br /> � otherwlse modify amorti�ation of the sums secured by tI�s Sesurlty Insuument by raason of aay aema��s�ad�h!the ___
<br /> ' original Borrow�r or Bomower's successo�in interest. Any forbearanee by Lender in exercisiag any d�t ar n�edy ---_
<br /> • :, shall not be a waiver of or preclude the eaercise of aay right or remedy. —
<br /> !2. Soccassots aad As�ps Bound;aom�8na s�t�ia�,�u�y:�slgnc�s. The covc�is �d agreements of �.
<br />. � this Security lastrumeat shaU S�ind and beaefit the sucassorn and assigns of Lender and Barratver,subJesx rosI�e�ravis:ons of
<br /> ' paragwpb 17. �orrower's oovenants and agreemeats shn11 be joint aad several. Any Bonawer who co-si�s d�is s�auity �.
<br /> • Tnsuument but dces not execute the Note:(a)is co-signing thls Security Instmmeat only to raortgage.grant ancS comey
<br /> � that Borrower's interest in the Propetty uader the terms of this Serurity Insitument;(b)is not pasanally obligated to pag+ � `
<br /> � . tho sums secure�b this Security lnsmemeat:and (c)agras that Lender and any other Bonower may a�ree to eatend. �
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<br /> . . modify,forbear or make any accommodadans with reBard to the terms of this Seeuriry Instmment or t�e Kote without that ��
<br /> Borrower's oonsent. ��
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