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<br /> , ��y.�Lendes requir�es, The in,`ivance carrier providing tlm Insarance shail[�e,chasen by Bortower sub,iect to Lendct's
<br /> -- ap�,xovai which shal!noi be urmea.sot►�bty withfield. if Bortower fai�s to rieaimaiu caverag.e d�c�t'�ed above.Lenc�er may,at —
<br /> � Lender's�on.obt�in coverage to protecc l.ender's rights in the Propeny in accordance with paragraph 7- .
<br /> --- ' ' p1!i�isur.u�ce po�icics and m�waLs sl�aU,bc acceptabte ro Lender and shu8 inc(ude a standac+d martgase ctau�e.�4.etider , - --_-
<br /> � -_=� sl�ail It�ve the right tofiotd the policics and nenewals. [f Lxnder teqn'ues.Borrower shalt pmmptty give to Exnder:�ti receipt+ --____.�---
<br /> w-� � ot p�id premiums and renewal nouces. [n'the event of inss.BorcowYr shatl give prompt rtotice to the insurance carrisr and =��_
<br /> b Burrower. _ 'F'`'� --
<br /> - — l8ndes. Lender may m�ke proof of loss if not mad�PrpmptlY Y u��������ir of --- —
<br /> � ,y Unless Le��nd Bortower otherwise agnee in writing:insurarnY pr�cmk shatl b�a�r' T w�
<br /> - — _ �� ` the pre�erty damaged.if the wstoratioa or repair�is economicaily fza.iiblc and Lender's security is rcot tew�eaed. If the �t _
<br /> ��::- restoratiai or ree�ttir is not economicalty feasibie or Lendec's security wautd 6e lessened,the insurance proceed�shalf be �,-,��-�i
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<br />� :t applied to the sums se�wed tiy this Security Ic�trumen�whether or not then due,with any excess paid to Bartower. If �,;..3-;�� _,�.;_
<br /> x__ , g������o��propeny,or does na�nswer witbin 30 day�a notice from l.ender that the in5urancr carrier hay ����--
<br />:..� � offered t�settle.a claim.then tx�der rt�ay coliect the i�urance proceeds. Lender may utie th�praceeds to repair or restore ,-;�•._,,:;�`°-�_e..,*.�,.��
<br /> ;:f,' � the propeRy or to pay sums secured by this 5ecurity instruinent�whether or;nat then dae. 'itte 3(f�day per�«!wi1�begin wheo f`.}_�_"" �
<br /> the notice is ven. �" <•`��_
<br /> ; '_„�._�.:
<br /> i_�-�.. '°'F�-s.
<br /> ' ,�" Unless�Lepder and,Bomo+rrer otherwise ap,ree�n wriring,any application of proceeds to principat shall not extend or . �,;�.:-�.;:-
<br /> - F;;=-'� postiwne the due date of the morithiY paYments referred to in parap'aphs i aad 2 or change thr amount_of the payments. lf �=•i�=��.,�;,;,;,�:.__�:_�.
<br /> _ :.,,; under P�S�Ph 21 ihe i'mp�ty ic ucquired by Lender.Borrowers n�E►t to any insurance policies and proceedc resuidng ,:::_��-.�?'"-�:� �.
<br /> ` � _.�,q_ � 5..; from damage w the!'roperty pnoe to the acquisition shall pacs.tn Lender to the extent of the sums secured by this Security: _`�`�����Y�
<br />. ?�L Instrument immediately prior to the acquisition. � '"-``�`�`-
<br /> s. < pp -�-_-�. -
<br /> � -�-y�` �>�.; �._� 6. Occupancy. Pseservatton. M9intenance and Protection of t6e AropertF;, Borrovrer's Loan A �tion; .�:
<br /> �:�� r . Le�ehalds�, Bortnwer shall accopy.establi�h.and use the Prope�ty as Bat►nwer's prin�-�pa(cesidertce within si�cty days,after �
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<br /> �- '[he esecution of this Security[nswmen�and shall continue to occupy the�Peny ay Borrower's pdncipal cesidence for at -
<br /> ��;�:. ..
<br /> � :��?��r.,-��� ` teasi one��ear aftef the date of accupaacy. tmtexs Cender otherwise ��es in writing. wtuch consent shall aot be - - , y
<br /> °>'�� •-�_� u n t�e a s o n a b i y w a h h e l d,�r u nless extenuatin g circumsta��'ex�st which ace tieyond Borrrnver'scontrol. 8orrower chali not s
<br /> f��'. . destroy,damage ar impair the Property.altow the Pcopemr•tn dctcriorate,,ar commit waste on t he P r ope ny. Bo r r o w e rs h a 1 1 �'� ,- _
<br /> _.. �... ,.. —
<br /> ' � � ' be in defauh if any forfeiture action or pcoc�ng.whether ckril or criminat,is begun tha►in l.ender�gaad faith judgment v.
<br /> coutd result in forfeiture of the Property or btherwise ma[eriatly impair the lien created by thix Secupty Instruutgm or , . � .,�_-.
<br />....� �._._�.r.:.�__. - �����.�t��. goae.wer may cure such a defaulF aud reinstate,�proyided in patagraPh IR.by cauying the action ,.Y.. -. �•+•-'—
<br /> ' ' or pioceeding ta he dismi5ted with a suling that,in L'ender's goal f:eith determinatian,preclades forfeiture of t6e Borraiveri .. �.� -
<br /> � �• '" _ incerest in the Property or other material impairtnent of the lien created by this Security [nstrument or Lender3 security , r�.�_��
<br /> ' ` inte�est: •Sorrower shall also be in default if Borrower. during the loan application pax:e+s, gave.materially €al�e or ` �.
<br /> � ' ' ,';,, iqaceurate information or statements tp L.ender lor faited to pmvide Lertder with any material infarmation)in conn�spn w�th � ` .,.`�LL;
<br /> , `- ` tI�taan evidence� by ihe Note. including, but nat limited [o, representaaonti concemin� Borrower:accupan,Y.of:�he �.�
<br /> ', � PtopeRy as a principal residence. If this Security M+trument is on a leasehotd Borrewer shall camply with all the praviyiuns, .� �'F._�:►
<br /> ' • � af the lea.se. If Barrawer acquires fee tide to the P�perty.the lea�ehold and the fec title shall not merge unle�s Lender ar°rees , _
<br /> . to the merger in writing. � . � • -� "=�
<br /> ' �� T. Pe�otectan ot l.ender's Righ�4 in the Property. !f Barrower fails to perform the covenants and agreer�?�tt. , .., _•--
<br /> � � " '_ contained in this Security Instrumznt.ar there iy a Iegal proceeding thal may significantty affect Lender+ right{:ia the' . . �-�?f .�
<br /> Propr,�rty(sucb as a praceedinb in fiankruptcy.probute,fer condemnation or fort'eiture or to enf�rce laws or regulattan4�t.hen _
<br /> Lende�may do and pay for whatever iti ncceti�ary to pratecK the value af the Pruperty und Lendcrti rightti in the Pruperty. w
<br /> � � ' � . L.enderti actiany may include paying any rum�tiecured by a lien which hay priarity aver thia Security In.rtrument.�ppeanng _ , -
<br />• � ' . in court.paying reasanable attomcy:fee.and entering on thr Pr<�peny to make rcpairti.Althougb Lender may take action � _, . .
<br /> . under this par:�rapb 7.l.ender d��e+not have to da w. , � ,
<br /> • ' - Any amoums dizbuned by l.ender undcr this paragraph 7.hall h��omc udditianal debt ai Barrower securcd by thiti
<br /> ' � � Secut ity Insuument. Unless Borrower and l.endrr agree to o�hcr tcmir ui paymen�these amounts tihall hear interest from the �... , . _
<br /> � ` da te o f dir bu n e m e n l a t t he Nate rate anct tihall t�e pa yabte, with interrs�,up�m natice f'rom l,ende�ta Bottower reque.ting t. _
<br /> ; „ ' � p�yment. ' � ' -
<br /> S. Murt�age lnsuronce. li'Lender required man�age in+urance ati a condi�iun nf making the Ic�an�ecured by thiti
<br /> , ' . • Security (n�trumen�. Barrower tihall pay thc premium+reyuired ta maintain�he nx�rlgage intiur.�ncr in effect. If,far any h . - . .
<br /> • reason, the mongage in.urance coverage reyuired by l.ender lap,e. or cr�av� to be in effect. 8om�wer +hall pay the t
<br /> �, . .: � '
<br /> • • premiums reyuired to��htain cuvrrage xub.tantiaUy equi�alent to the martgage in+urrnc� previnu�ly in effect. a1 a enst �
<br /> ' . � . ' sub�tantially equivalent ta the co.t u�Horrower of thr mort�age in.urance previuu.ly in cffec�.fmm an altemate moctgagr �
<br />, . insurer appmved by l.endcv. If�ub�t:mtially vNui�alent nturtgage imuran�c cuvrrage i�not availabte.Bon't>wer+hall�ay tn ;
<br /> • � . L.ender rsch manth u�um equul t��unc-twrlflh of thr ycady mortgagc in�ur.�ncc prcmium Ixing paid hy Borrowcr when the � ,;•�;
<br /> • � � inyuruncc covcr.igr I:imed c�r ceaxd w Ix in cftect. I.endcr will acc�pt.u,e�md retain thr.r paymrntr ar a lu.ti rccen•e in lieu .
<br /> � ` of mortgage.imur:mce. l.u.s rc�crvc paymm�tti may n�►Inngcr he reyuired,a�the uptiun uf l.endec.ii murtga;,�e imurancc ..:t=•`
<br /> , ' coveruge l in the amaunt und fur dic periu�l tha�Lcnder rr��uiro•)pruvidcd Hy an in,urer appruv�d hy L.ender ag•rin tkr��mes ' .
<br /> , availabte and is��btaimd.Burru�ver�hall p.�y the premium.rryuircd tu mnimain murtgagc m�uruucc in effcct.��v t�y provide a , ,
<br /> ' � , • luzs reserve.until the reyuirement fur mungagv in�ur:lnce cnJ�in accc,nta�7�:��iih any wriueu:�greement het�veen Borruwcr , .
<br /> ' and Lcndrr or applirablc law. ,
<br /> - 9. Irr.;pcction. I..cndcr��r it�ugeitt tnay ntal:c rcatiunuNlr rnlric..upun:md in,prctium uf thc f'n�perly. Lcndcr�S�all
<br /> . � , � . give&rrrower neticr:�t thr tim:uf ar prior tu an in,�xction+pecif'ying rr:a•�mablr rau+c f„r ihe in�pec�iun. . , • .
<br /> . � 10. Cundemnution. The pruceed.��f auy u��ard��r cla�m ti�r d:en:c�:�.dir��t ur cuntieyucnti�d.in cunnec�i„n with any .
<br /> tim41c h:�mdy• F'anair�l:�r�F'rtddk 1ta�I�ltl)R��.(�4lRI�1P:Yf- t'mlimn('���cnan�. 9,�M1 ip��.r�n/n���rt�w� •
<br /> . i . . � i.ran Le�^,Ha�mr..Frmn:.IM � .
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