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<br /> . ' periods that t.mder coquiKS. 'ilje;nsu�oe carrier pcnviding t6e insuranae shall.be cl�os�e�e�A�.B� , sobjecc m l..eader's
<br /> _ approval which stiaD apt be uncsawaably witi�etd. If Bomnwer fa�'Ls to ntaituaitt.cavc�rge;d��m�;��60�I.eoder may.at
<br /> . Lender's opaark abtain covetagr to pcotat Le�er's rights in the Propexty in acoo�danaF with P�gr3!�!,7-
<br /> _ . At!msw�ce policies and�enewats shall 6e acxeptabte m I.ender and sh�U:ibciude a st�c�uRi:ttfiMgngc cla�se: Lender
<br /> -_ shall ha�e the aght to datd the polities and renewals. if ixnder�aquites.Borrvwer sh�tt.l�t�4�9`$�4 to I�eadcr all meipts `
<br /> --— , of p�id prpmiums�ed c�newai natices. ta ttye evenc of ioss.Ronower shall give p�nmg4•ewti�e to�tYttiu�surance carrier and
<br /> - = Lrnder. Leader may make proof of loss if not a�ade pranptly by Boaower 's
<br /> — -- - - --n-� Unless i.eader 3nd Bu�roarer uthawise agfee in wciting.msvra►�€gcooxds strati�be.app��utl��on nr repair af _ _.__ __....__---_
<br /> - - - thc Property daznaged,if the restaration or repair is economicaUy feas�Ie.and U�der's�se�wst�,�:,3.q�aor lessened. If the
<br /> = i+e.uor.uioa or�r.is ax ecanomically feasible or Lender's securiry would�e tesseacc��ths�istr�uCat�=P�sfiall be
<br /> �;�a apptied to the sums secund hy this 5ecurity Ins�umene.whether or not then�due.with,�ny�er.cess!p�d W Bormwer. [f -- -- -
<br />- _�' Barawer abartdoas the Property.or does twt��er�vithin 34 days a notice fr8tn t�ade�:ihat.ti�y�insue�noe carrier das _= --
<br />� . ;�- offcntd to settk a cTaim.tt�ea Lender may rnlkct the insuisnce Proceod.� Lender maX:usa:dts�prorx.C�to repair or resto� _
<br /> -- - the Prope�ty a to pay sams secund Dy this Securitg ins�ment,whether or not then•due: 'ifie-3il�dag�,aariod wiU begen wIxn:. _-- _------
<br /> �� the t�atice is given. � � - --
<br /> � U�kss LenAer and Barowrr otUe�wise ag�+ee in writiag.any appticatiomof p�ocAeds�ta,p�iqaipal sirail not extena a, Y
<br /> � . -- K,�'�- pastpone tlse due date of t6e monthty payfneuts referred ro in pauagraphs 1 and�or.chnnge�titp�amAUntflf the payrnents. If� -
<br /> ` `-,. under PuaSraph 21 tlu Propert�►is acti{uueE!bg:l;ender.Barrowets riaaht:za,ang��sur.u�ce�P(af'si.tiiiS�n�d ptoceeds resultmg �
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<br /> � ` from damage to the i�ropeny pcior to.the acqois�tion shafi pa�s co I.Ender tach�.exteat uf�ttte�.samc��bY��� � �
<br /> �f Inspumert immetliately prior to t6s acquisitiwt- ��
<br /> � T: . ��� .; �; 6. Occupaecy: Preservatim, Majntenancc aad Pr�oteclion,af.the Propal�s��xro!t�er's t.a�n Appik�tion; ;:{;..=�_
<br /> '`r :a LmSeLolds. Bo�wer shat!accupy;establislR and use tbe Property as$ormwer's princtpidi t�si+t�e ivithin sixty days after • _.
<br /> �. �4'� d�e executian of ttis Security Instruic�ent m�d shal{continue to occuPY��nY��c'"���p���idence for at °�""�°==
<br /> 4-�- ` teast one year after ihe date of oecwpancy:� unkss Lende�.otherwise agnees in writid�g�;!?Rhich c�sent shaU not be - : -:
<br /> ag e s
<br /> ° w�� unnasortably withheld.or untess eatenua[ing circumstances e�cist wtiich ar�beyond Bortc�wcr¢'�contrnL. Earrower shall rat , _
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<br /> � ,.�• °--�f: destroy.dama,ge or impair the Property,allow the Praperty to deteriorate.ac commit:wsrsts,aUthe Ptnper�y: Bo�rower shall _
<br /> :�•^_�
<br /> . °".'. :`_' . be in default if any forfeature aetion or pmceeding,whether ciuil oc erimina�.�is begun:thsu aii£ender�8aod faith judgmer►t '' _
<br /> ' � � could tesut4 in forfeiture of the Property or othenvise materially imppir�thu lien�-cneatec��by this Security Insuament or.. � - _
<br /> _. .. _ t.epder's security interest. Borrower may cure soch a default and ninstata,as p�ovided in,p�ttagraph I8.by causmg the action ',' ----_ '_�'"
<br /> • ' � � or proceeding to be dismissed with a culing tAat,in Lender's good faith determinaiian;,p�ictades forfeiture-of�he Boaower's . �".
<br /> " interest in the Property or other material impaim�ene of the lien cneated by tltis�Secu�j Instrument or l.ender:s securiry `� ` -
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<br /> • '<.= ' in t e r e s t. Bomawer s h a l l a[s o be.i n d e f a u I!i f B o r r o w e r. d u ri n g t t t e [o�n•a p p l i c u t i a rt m i p t n c e s s. g ave materiall y faLse or � ���
<br /> inaccurate information or statecnents to Lertder toff faited ta provide Lender with any mnta'ri5t information)in connection with �"�'
<br /> • ihe toan evidenced by the Note. including,b��rat limited to,•rept�sentutiuns conc.$tauig.Borrower:s acrupancy o f t he ' , _��y'�'=_
<br /> , • Property as a principai mgidence. If this Sec�sri�y�[agwment is on a teasehnld.�Barrawrr shali camply with all the provisions �•�� .
<br /> ' - , �. � of tNe lease. If Borrower acquires fee titie ta si�Property.the teasehold und the fee adH�shall not merge unless l.ender agrees . �; ,.;' : " ���'��
<br /> � �� ' � to the merget in amting. � ; , - �r,=��'_�
<br /> - 7. prWecHon.ot Lender's Rigbts in the Pro rly. If Sarrower Eailb.ta: octtE che covenan�s and ageements ,'- ��'=
<br /> co�ta.ined in this Securi l�.stru�:nt,or there. is a teeal raceedin that mn �i� �LL affect Lender's ri ts in the � °- :�;�,�'��"'`�'�-
<br /> �` - ty S P B Y�'9!���.. P�
<br /> Praperiy(such as a praceeding in bankrupccy.prabate,for candemnation or forfeituretoci�:fnf�rce laws or regulatians),then � . �''' '�"�'"'� '
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<br /> Lender may do and pay fas wh�tevec is necessary to protect thc valuo of�he Ptc�perty�ai�.i�i.ender's rights in the Property. ; � -;.;
<br /> +` Lender's actinns may include paying any�sumc secured by a lien which has ptiority arer thts Security Instrument.appeanng j �^��
<br /> in coun.paying reasonabte attomeys•'fees and entering on the Propeay ta mui:r,rept�iis.t4?�ough Lender may take ac[ion :��•��."-�•'t•�
<br /> � ' under this paragaph 7.Lender does not have to do sa. ' -�������' 1 �
<br /> :.,,,.,,,.;;fl,�i,
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<br />, � Any amoants disbursed by Lender under this paragraph 7,hall C�t�come additinn�l de�t of Botrawer secured by this `�,,',:.�.;,;r.::,;°,;.,fi`>�
<br /> , Security Instrument. Unles.c Bonower and l.ender agrce to.�ther term�:af p;►ymem:.thasc:amounts shull bear interest from the ,�: � � "°
<br /> � ' date af disbursement at the Note rate and shall be payable.with interosti upnn nutice.from Lrnder to Borrower requesting � �'�'..;°;_�_
<br /> , „ . PaYment, . . -
<br /> � ' _ ' 8. Mortgage lnsurance. lf Lender reyuired mortgage in.run+ncs a�a canditiiin�of making the loan secured by this ; -__
<br /> • ' Security Instrument, Boaower sha.!pay the premiumc required eo muinutin ehw�rt�nftgage insurance in effect. If,for any � °:
<br /> � ' reason, the moAgage insurance eurerage required by I.ender lap�eti or ccase� t�si:fie in effect. Borrower shal) pay the . • " ,
<br /> ' remiums r uired to obtain ca•.� e substnntiall e uivalent to thn moa A r int�uranc�: reviousl in effect, at a cost �`,� '
<br />. ; " P �1 S Y y 3S ' P Y '� . .
<br /> -� � substantialiy equirztint to thw cost to Burrawer af the mortgage in�amncs�SrcxiuusSy in effect,from an aftematc mortgage
<br /> insurer appraved 6;�Leadet..lf snb.r•tanaally equivalene mo»ga�e insumnce wr orage is not availublcy BorrowcK shall pay to ; .
<br /> ' • •� . Lender each manth a sam ec,c:�l za onc-ta•elfth oi'the yearly mortgF�fis in+nrancs premiam being paid by 8otmwer when the. �� • :
<br /> . ,. � insurance eoverage lapsed or ce:..�to be in effect. Lendet will a�ccept.�u+c�nd retain the�paymen�ti as a loss reserve in lieu • _
<br /> • .. of r.:eatgage in.curancc. Loss r�.��e payments may no longer tx rcyuind.a�:hb,optiun c�f Lender,if mortgage insurance � . . .. _.
<br /> : ' coverage(in the amaunt aad for¢�x periad that l.ender myuire�+)prnv�de�l by•umin+nr�er a�proved by Lender again becomes
<br /> � . ', available and is csbw:,ys:ed.�orro+ver�h:�l!pay th:premiums reyuinA tu mt►iniitimmattgt�ge insur.mce in effect.ar ta pravide a �,,
<br /> . . . . ' tos.v reserve,unt:t�,^.�„se�,�izzmCnt fnr mongage-:nurancc end�m s�ceurdanu:w�tlt�uny written ttFreement tx:1wcen Borrower �
<br /> • and l.endcr or app::caxte iaw.
<br /> 9. InspecNon. Lcnder a.*i��a�ent may make rc��anabte entric�upomupd�in�pc:,ti�?n�nf the Pr�perty. Lender�hall
<br /> • give Borrower noticc at the tirne a5ozpr�or tv an inspectiun�pecil'yin�rea�cnubld!cau+e f,r�i;e inti�ction. �
<br /> ' 10. Cundemnation. 1'he prxeeds of any award or claim fur damugr±:iiitttct i�rcan.ec(uenti•rl.in connection wi�h any � � ,
<br /> � . ,� S�netafamily-•funni�Sfac/Freddk�tacl'NIFpHM1tt�SikU4+9�sk'R�•i'n:o^nCmrnanl� 9/911 �pues?n/6/+uc�.v► �
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