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<br /> --, `- '_ � � � . . _ . . - . ` . � ' ' .`� � ( . . . . � _ _ .
<br /> . . ��� .. � . : - . � - � �92-,� 1Q�73� - - � ..
<br /> . . �p�io�m�t i.mder�e�. '[�e i�w�c�ier providmg a�insur�oe st�au be a�sen by s«m�r sulnx«m r�oaet�s . �
<br /> . � appFovd whicb sLali oot De�aq�ly widdieid. if Banower frils w m�itNain ornrer�gt descr�'bed a6ave.I�ender may.at .
<br /> I.cnder� ot�in cavaage w p�ooect I.exder�iigMs ia d�pivpeety in�d�nce arith puagr�6 7, -
<br /> ` A!1 i�a�mmce policies md zanewats shali be aooeptabk to L+aader and slhall inciude a staridand mortgage clause. i.�aider '
<br /> � � shafl tnve the right to hdd tbe po�icie.s�ud:enewats. If t�tler t�equues.Borrower sbaU promptlY Sivt to Lendet alt teceipts
<br /> �P�Pi'�iums aod teaewai naace��fn the e�rent of toss.Barowes shall give pEOmpt notia ta�be ins�u�aece c�sier and
<br /> l�ertder. �.ender may�mate�p�oof of foss if nw made promptiY b3►Barrower. . .
<br /> Uutess l.ende}r aM So�owu othcra+ise ag�ee in arritiag,ins�u�nc�e procxeds shall be.applied to testaratian or�air of
<br /> �the Ptuge�ty da�aaged.ff the nestoratian•a�r�pair is ernaomically_fasibk �nd Lender:s sccunty is nat tessened. �f the . . ---��_
<br /> .� �stacatian or:ep�nr is not eca�omjcalty feasi'bk ar Lender's secunty aaWd be kssened.the in:cursnce proceedc�sTs�fl be
<br /> ' appliod m d�e snms securcd by this Sec�riry Insuomea�whaha oc na thea due.arith any excess paid to Borrower. tf —
<br /> . Bormwer ab�rtdons the P�nperty,or does aot aruwu witlun 30 days a naice from Le�der that the insuraz�ac carrier i�as --
<br /> offe�+ed to setue a claim.thw Leoder may coitect,the insurance proceeds. Lender may use the pmceeds to Kpair or Rswle . !=_
<br /> tha Prnpeity ar to pRy su�ms soc�ned by this Socutiry L�ttmne�rt.whedier ar na tGea due. The 3aday period will begin wfien �„r
<br /> the notica is given. . - --
<br /> Unless Ler�der and Narower othtrxise agese irt�riting,nny appGcation of proceeds to pcincipal shall aot extend or -- =--
<br /> _ postpone tbt dn�date of t6e montiily payments rofemed ta irt paregraphs 1 aixi 2 or ch�ige tbe amount of d�e payment�. If ' -
<br /> �cler pangraph 21 the pinpetty is acquited 6y Leoder.Borrower's rigbt w aay insurar�ce pnlicies and pmceods Rsaidng ------
<br /> -- :f�m,dam�e to the ptopc�ty priot w the acquisirion shal�{�ass m Lei�der w the exteat of ti�e sams secured by this S c r�n i t�F . ___ -
<br /> ; ,.>�s�n�rSt-piunediatetY Qricx to 1he acquisitiaf. � ' ` � --
<br /> �,- � 6` Occupancy, Pt'exn'stka, Maleten�ace nnd Protectioo af t6e Ptopeety, �sru's L�aam App�inrn, � -_-
<br /> .; "::.��k0�t-t�rrower shalt accupy.esabtish,u�d use the Ptoperty as Borrower's principal residence witt�n saty days aftet �r-:c�_
<br /> . ::;iise eaxutia!of this Seciuity Ins�ent an8 shall oontinuQ ta oecupy the Piropeny as Boaoa�es's�pdncipaE�ide�ce fo�as.. :�_�,�
<br /> F ��'f;�' IEBS� one year afterf the �ett of�uoarp�cy. wiless Lender od�erwisc agtees in writ��.��a.��co�sse�i�►il rx�.;G�..;,:.. . .
<br /> ••ap�reasonabl withlrtd.or imless eatem�ating circumstances exist which are lxyand Bomo���x�NL�8cti�i�e"r�:3� : �.
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<br /> " �cle.esoroy,damage oc imp�ir tf�e�t u p e r e y.ailaw the Prope�ty[o deterioiate.a comnut waste.di��e ProP�-��ar�a�is"�wii•-'�. , —_. _
<br /> '±'=" . :.:��6e in defaWt if any fafeitme actian ar proaeding,whether civ�or crisninal.is begw►that in l:ender's ' :��_
<br /> &��3�. � _�
<br /> - • could nsalt in forfeituce of tbe�Ptopecty a txherwise materially impair the�ea cnued by this Secuti�g��sputi�'ai'- ` ': ',•,--...__.
<br /> ` Lenderk securiry inte�es� Borrower may cu�e such a default and reinstate.as prov�ded in paragraph 18,by catising the a�i�ia ;�., _
<br />"` �� " or�xvcceding to be dismissed with a mliag thab�r Lender�s goad faith determinadon,prectud�s forfeiture of tl�e Borroav��. :•� �:,`�,;�-
<br /> . ; - interest in t7u Property`or wher materiat impairmeac af the fiitn cr�eated by�his Security lsfstrument or-Lcnder�seca�?�. ������--
<br /> -"`' intenest. Borrower s�. also be in default if Borrower. daring �tte loan application pincess,gave materially false-at
<br /> . . '�� - inaceurate infotmaria�i xssatenxnu to Lender tor failed to provide l.ender with any materia(Infotmation)in connection w}th =:::�',_t-"
<br /> . ,- '.she toacr evidenced tv�'tlas Note. including�but not limited to. repnesentations concemin8 Borrower�s accupanc.y of the.; . ` s.: 4"'—
<br /> f�• as a rn�ci �tdence. �if this Securi Insuument is on a teasehold.Hortower shall com I rv�th alt the v�� ' ��;•-
<br /> � �apeny p' p�t: �' ty P Y PCd �.,. -
<br /> � : •of the lease. If Botruwe�acquires fee title to the Ptoperty.the Icasehotd and ilte fee title shall siot merge unless Lender agm�.s - . ��._.:-
<br /> �- -� to thC merger ia writmg. �• • �
<br /> �'� � ' 7. Ymtectioe ot 1.ender's RiEhts in the Propertv If Borrower fails to perform the covenants and agreements '
<br /> �..
<br /> � ��ontained'm this Security Iasuument.or there is.a�egal praceeding that may significandy affect Lendefs righu in the ��_'_:
<br /> • .,r,, �., Property(sach as a pracxeding in bankruptay,Prob�,�for condemnation or forfeinir�e or to enforce laws ar regulauons).then ���-.
<br /> �'� �;x Lender may da and pay for whatever is necessary to protect the vatue of the Ptoperty arid I.ender's rights in the Property. '�"_,�
<br /> �;. Lender�s xtions may include paying aay sums sec�rcd by a lien which itas priority over this Secvrity Insuvment,appeanng ,y•._>:�'�"
<br /> �.•�� � � '; in court,paying neasonable attomeys'fees'and entering on the Praperty to,make repairs.Aithough l.ender may take action ' '�. �� V'•:�'
<br /> . ����.- � under this paragraph 7.Lender daes not have to da So. '� `".�� "
<br /> • ��:�- -, `:x.
<br /> �",�. My amounts d�sbursed by l.ender under this paragaph�shall become additional debt of 8o�rower secured by this -
<br /> '`=���' ��' � Security Insttument. Unless Horrawer and I.ender agee to ather terms of payment,these amounu shall bear interest fran the •• �:L
<br />- '� date of disbursement at the Nae rute and shall be payable.with intere�t.upon aatice from l.ender to Borrower requestirtg _—
<br /> , r.. paymens. ,>. ::�_
<br /> • 8. Mortgase Insurnnet. If Lender required mortgage in.curance as a condition of ataicsng the loan secured by tliis -
<br /> `' " :� Seeuriry instrument.Borrower shaU pay the prert�er:F;s required to maintain the mortgage inssrance in effect. If,for arty ,--. • --
<br /> • • Y ' reason. tbe tnottgage insurance caverage reyuire�3!E, Lender lapses or c�e.t..-s ea 6e in effect, Borrower shall pay the '� . _ _ __
<br /> �; •% _ � ^�:.-ssurance revioacl �n effect.at a east . ' � _--
<br /> � , p r e m i u m s r e q u i r e d t o o b t a i n.c o v e r a g e s u b s t a n t i a i i y e q u i v a l e m,t o t h e m o rt�t. p y ' , __
<br /> .. ;y;�.� ' substantiaUy et{uivalent to the cast ta 8orrower af the murtgage i'�surance previously in effect,t'rom an altemate mortsage -_
<br /> �� ��-` �� � insarer approved by l.ender. If subctantially equivalent martga��Tsurance coverage ts not a�a�lable.Boaawer shall pay to =
<br />" ,r:.�,.: r. :, , v.-
<br /> , . Lender each manth a sum equal ta one•twclf�h of thc yeariy ma:t_�;e insurance premium being paid by Borrower when the :_
<br />' , insurance caverage lapsed or ccatcd to be in effect. l.endcr w�U accept.usc and relain these payment.r as a lass reserve tn licn , �'��_
<br />� ;� of mortgage insurance. �ss reserve payments may no tonger be reyuired,at the aption of Lender.if mortgage insutance � �•._
<br /> •� • ' - coverage(in�he pmaunt and for the period that Lrnder requires>provided by an insurer approved by Lender again becames ' _
<br />�•j�� .�" .. .�i•?;, ' availpbte and ia obtained.Horrower shall pay ihe premiums reyuired fo maintain mortgage invurance in effect,or to provlde a ' �
<br /> '' '' �,. ;�;,'. loss reseive,until the requiremcnt for mortgagc insurance ends in arcordunce with any written agreement between Borrower '�;'�•'::
<br /> ,,.., .
<br /> . .r.•�.' �,,., ,,;
<br /> . ., ..,;:,;, � ' � and Lcnder ar applicable taw. ' .
<br /> �'��-���� -�° 9 Ins ion. l.endcr or its a ent ma r��.E.e reasonable entries u n and inti ctions of thc Pro c Lender shail ; • '
<br /> .�,�..:�..,�„ .., .. ptcf S Y •"' P� P�' D�:- :
<br /> .2,��.�"=° ;.'. � �ive Barrower norice at the time of or prior to an rr-.�:�tian specifying reawnable cuu�e for�he inspection_ . -
<br /> ?m�''u*°; . 10 CondemeaUon. 'i'he proceeds of any 4�•w f or ctaim for damageti,direc�or can+equential,in ccrs,�tion with any �, •, •
<br /> . • '"�` 51ng1cF.unily�•-fanrtie�iae�rMdb!�1acl:tilFUN�t1�{tiTllL'MP,ti'P--UniformCo�cnant� 9'�'�yr�gr+njh�+:r: � . �
<br /> �:.rl . •.,.tr•, sstat tsn er�aw Nanr.�nc.■ . . .
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