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<br /> . . � �����. n�;����8������ny►e����c�rs �
<br /> � �pro��l wnxb sh�u na 6e,u�a�so�ay wnthbew. If sort�wer f�iu w main�irt coverage aeuril�Oa ahove.l.�'�►•� .
<br /> � I:rndes'sopqo�,aEl�in coraage to potrct I.endcr's rigdtc in tbe Roperty in xcad�nce with par�graph 7.
<br /> ` .Ali isuu�aace PolicKS and rasewaLs s6alt 6e aaceptabtt to Lendtr and shall includc a staudard mortgage ctause: Lsnder
<br /> , �at!have the rig2u to ho{d the poltcies and n�ewals..If Lender requires.Barower shall pmm[x�Y 8�ve ta Lender aU teceipts
<br /> . oE�id pnemiums and�enewat na�ces. Tn the evrnt of toss.Barowa stdl give.p�ompt nouce to sha insutapce�.aod
<br /> ; LsndeL Leoder may tn�Ye Proof.uf[oss if nut made pmmPBY bY Bo�wR si�be lied co restoratiun ot ttpair of
<br /> < Unkss[.end�er aad Bamwer otlte[wise agrse'sa wnung.insar�pmcad� apP�
<br /> . the ptoperty dun�grd.if the te.st�aation or repctir is ecornomicaliy feuibk and l�e�er's security is not lessened. If the
<br /> cestorati�+q or n�paR is na eennomicalJy feasibk a I.ender's security wnuld 6e lessensd.the insurrnce prac�eedc s1�11 be -.
<br /> `applied to the aumc savc�d by this Savriry Instroment. wh�ettxr a not then duG with aay excess paid to Bor�ower. If � .
<br /> Bonower a6andons the Ptupeny.or doas not�swer within 30 days a rwtice fmm isnder thu the insu�ance curier has
<br /> - o�eoed to settk a claim.then 4eader may coUect tM insurance pcocoeds. I.erder may use the prnceeds co�ir or nsta+e .
<br /> the P��nperty or to pay swns sec�uod by tdis Saurity tasdumrn�wlxttur or not then due. 'I1K 30�day perivd v�n7t begu►.when �
<br />—_ — the nodce is given. •
<br /> Unte.ss Lenda and Banawer wi�itivise agree in writing.any applicauaa of proceeds to pr'sncipa!shall not extend of •--
<br />-- postponathe due datt af the manhlY PaYments ref�red m in pacagraphs 1 and 2 or ctiaage the atnount of the payments. If
<br /> -- under par�graph 2i the Ptvpeny is acquired by Len�der.Borrawer's right w any insiaance Poticies and p�oce�s resWtiqg,,,•
<br /> a
<br /> _ from d�mage m the Praperty pnor to ehe acq�isitioli st�aU pass to Lender w the extent of the.sums.S��nd by this Securiry�;.
<br /> • (nstrument immedi�oely prior w the acquisidon.
<br /> f. O�cy. Preservafbu. 1Vlaieteoance aad Prote�tjar ot tLe PraQerty, Borrower's I.a�n Applicatio�: ,
<br /> � I�old�. Borr�dwer shall accupy.esc�blish,and use ihe Ptoperty as Bomawers pritxzpal msiden��e arithin sixty days aftet
<br /> tse eaavtian of ehis Secvrity Irrsmune�n and shall continue m accupy the Pnoperty as Horrowu's princip�l residence for at
<br />- k�st one. year after d�e dat� of occapancy..m�less l.ender otl�erwise ag�ecs in writing. a�iich ccmcem shaU not be
<br /> un�asooa6lY withheld.ot uakss entrnnating c�numstances exist which are 6eyond Bomnwer s cr�c�ol. Bamnwer shatl not
<br /> destroY,dama�e or im�ur the Ptnpecty.altow the Prupecty ta deteriorate.ar commit wasta on tfie Pmperty. Bomawu shall .
<br /> be in defauit if any forfeiture action or proceeding,ahether civil or criminal.is begun that in Lender's good faitI�judgment _
<br /> :��•- could result in forfeiwre of the Property or otl�erwise materialiy impair the lien created by this SecuritY Insuument or =__-
<br /> � �r:: ---�
<br /> " , ;_` I,.ender's securiry interest. Borrowet may cure sucte a default and reinstate.as Provided in paragraph I8.by causing t1►e action �_-
<br /> ,.-.. or proceeding fo be dismissed with a.niling that,i»l.ender's good faith determiaatian.preciudes faifeiturc of tite Bornaw�"` �;,.�,.�-_
<br /> � �*="; inurest in the Propetty ar other matesial impaim�ent of the lien created 6y this Security In.ncument or Lender's socurit� ,' ��-$'
<br /> , ; i ��-� interesG Sorrower sha11 atso be in defautt if Bamawer.duting the toan applicatioa process. gave materially false or .' =-A====--�
<br /> inaccurate infom�ation or statements to Lender(or failed to provide Lender with arry materia!intbrmation)in cannettion wItl� ' �'•°--
<br />' �_�, the laan evideaced by the Note, including,but not limited to. representations concerning Bormwerk occupancy of the �'��-
<br /> .. Y �".-.' Property as a principal residence. �f this Security[nstrumertt is an a leasehold,Borrower shall comply with all the pruvisions _�"—
<br /> � `� of the Irase. If Borrower acquires fee utle to the Property.the leasehotd and the fee title shal!not merge anless l.endec agcees
<br /> � to the merger in writing ��'�'�_
<br />: 7. pnotection ot l.eader's Ri�is in the P���'�i: If Borrower fsdls to perform the covenants and agrart� —��.-
<br /> :� ,�:r " contained in this Security lnstrument,or there is a tegal praceeding that may sign�candy affect Lender:s•rights in�e �:��s.
<br /> ' i.� ' robate,for condemnatio�or forfeiturc or to enforce lav�rs or regulations).t6en y� -
<br /> .�': ;�;;, ; FropertY(such as a proceeding in bankruptcy.P ':;�.,:__
<br /> `�� «=> .<�-�..-: l.ender may do and pay for whatever is necessary to protect the value of the Prope�ty and Lender�s righu in the Property. -:..�;.- ,
<br /> `�'�"``';t''� Lenderk actions may mclude paying any sums secured by a lien which h�s pciority uver this Security Instrument,appeaang - -
<br /> , ••.�.,.. � ....
<br /> ='F�^�:����'��� in court.paying reasonable attomeys'fees and entering on the Property to make repairs.A[thougb Lender may take action L:.<� :. `_
<br /> 't e-.�".~;�_�=;::��� under this paragraph 7.I.ender does nat have ta do sa. `� ; -
<br /> ��-�. :: Any amoun�q dis6ursed by Lender under this paragrapA 7 tihall become additional debt of Borrower secured by this __
<br /> Securiry Instrument. Unless Borrower and Lender abmee to othcr terms of payment.these amauntc sha116ear intercst from the .
<br /> � - date af disbursement at the Notc rate and tihail be payab2c,with interest upon noticc from Lender to Borrower requesting � _
<br />� . . . ' PaY�G , ,
<br /> :;�s�;,;��yr .-. S. �'[cKtgage Insuranc� If�nder required mortgage insurnnce as a condition of making ihe loan recured by this
<br /> �-�x�.;:,•;�: Security Instrument.BORPW@���:�y the premiums required to maimain the mortgage i�surance in effec�t. If.for any
<br /> :..y.���.`._`f.�- ' ...
<br /> ,: reason, the mortgage insusance covesage required by Lender lapuw or ceases to be in effec� Borrower shall pay the
<br />� • „s��"'":�� premiums required to abain,caverage subctantially eyuivalent to the moRgage insurance previowly in effecl,at a cost =
<br /> �;�-:'�- ' substantialfy equivaler.t tc��he cosc to Horrower of the mortgage insurance previou�ly in effect.from an pltes^ate mortgage • _
<br />• � ' �i.:,,�. insurcr approved by Lender. If su�x.ta.�tially eyuivalent martgage incurance cavcrage is nat available.Barrower shull pay to � _
<br /> .,:•'�:> Lender each month u sum equal to one-twelfth af thc ycarly mortguge insurance premium being paid by Borrower w6en the ,
<br /> `,�'�- `.,, ' �'�'' in.curance caverage lapsed or ceasect to be in effect. l.ender will arrept.use and retai�these paymen�w As a loss reserve in lieu _
<br /> , �?��' ' of mortgage insurance. Loss reservc payments may nn longer be required,at che optian of Lender.if mongage ia�urance �,
<br /> . �f � � �'�� • covernge(in the amoumt and far the per�od that Lcncler requires)provided by are e�.curer approved by Lender agai�becomes
<br /> , �r�^ '�''.3�:�`' ''� avaitable and ls obtaine3.Borrowrr str�il pay the premiums required to maintain mortgage insurancc�n effec�or to providc a .
<br />� . •�:r'� ;• ,'i 5�,-�,�;,� . � �a�s resen�e.until ihe requirement for mortgage in�urance endr in accordanre with any written agreement betwcen 8orrower ,
<br /> ,..'� . - ki:. .
<br /> =� and Lender or applicable law.
<br /> �% . - 9. Insptclion. f.ender or its agent may m:�ce rc�snna6te rntries upon und intipections of ihc Properly. Lender shall � .
<br /> �'� ' give Botrower notiee at the time of nr prior to an in�pection+pecifyin�;re�wnahte cauye&�r the inspection. •
<br /> r-'";:°: � s 10 Condemn�tio�r. The proceeds of any aKard ar claim for damage+.direct��r consequentiai,in comi:etlon with any E �
<br /> �' •
<br /> • 5iogTc F�mity-•F'annie Mx'i'reAdie Mx l��E(eRN ItitiTRCS1�rT•-Unifutm C�rvcn;mt� 9i90 r�u�P.�.�Jh furgrv If�
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