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<br /> . periods tlat Lee,der roqu�ies. '[be nuwauce cuaer pcovidina tl�c iasuranoe siult ue ctsos�en 1�y @orrower su�Xci w[�naers
<br /> `° wdich sluii aoc be ueneasota63Y rv�ld. If Bamwer fuls w maintaen c�verage described above.l.eader m�aj.at �
<br /> � 7.
<br /> .L.e�nde�s aption.obtaincovaage to protect Le'ader's rights iu the Property in accvxdana tb P�B� e cbiuse. Lender : ` •
<br /> Ai1 inw[at�'e Pohcies aid'�ewaIs shal!�e s►ccept�bte w L�nder and shail includ4 a standard mott$a8
<br /> si�ll have tfit nglu to Rold the poiicies and sen�wats._if l.ender requi�s.Bom�wet sBmlt p�Y B�ve to Lender all rxeipts
<br /> of paid premiums�d renewa�no�s. r°the ti"'c'°c of toss.Borrowet shal!give pmmpt noaia to the insurance carrin'and
<br /> I.ender. Lender ma matce f of Ioss if not made promptlY hY�awer.,
<br /> y � othecwi.sa in writi�g,insutanoe Proc!xds shatl be applied w restordtioa qf�eP�ir of
<br /> Unkss l.,ender'�ad Bcaow�c �� . �s rn�t tessene��,tf the
<br /> \. �p�ope�ty daa�g�ed,if thc restoration or,repair�s ecanomicalIy feasibte and l.er�der's,secaciry� st�lt be
<br /> cesta�tioa or,tepair is uot eca�omicallY fe�ibk or l.enders secuncy aoatd 6e lessened.tt�e insurance p�oceeds�
<br /> — 3pplied to ttu sums secuted�by this Securiry Instrumem,wf�ett�er or not then d�e.with any excess paid to.Boccuwer. if :
<br /> Borrower a6andons the Plupeety.or das not answer within 30 days a notice fmm l.en¢et that the itistuance carriet tas
<br /> offeted w settk a clairo.thrn Lender may collect tUe insr�►�proceeds. Lender ma�use the procecds to cepair oc rsstore
<br /> the ptopetty or to pay sum4 secund by this Secuucy Instrument�whether a not ti�ere due. TFte 3Qday peROd wiJt begin wt�ea
<br /> ti�e rntice is given.
<br /> • Unkss l.er�der and Bor�ower athetwise-agree in writing,any appticatioa of proceeds to principaf shall nat ex�. or
<br /> postpaie tbe due date of ihe monthlY PaYme�ts referred to in p�aragraphs 1 and 2 or change the amq!u►t of the payma
<br />°?_ ��Zl the Rapezty is acqui�ec!hy Lender,Borrower's nght to aay insutance policies aod proceeds resultiog
<br /> fiwn damage w ti�e p[�o�erty prior to the acquismon shaU p�s to i.ender to the extent of the sums secured by tbis Security
<br />;4;= • jnsuoment imttlediatelY Prior to the accNisitioit.
<br /> __ ' � f. Occ�p�e�Presesvation. Msinteaaace and Protectiou ot the Property+ Borrawer's I.oan Application,
<br />- E.easelold� BojtuwecsMalt accugY.establish.and use[he PropertY as Borrower s princ�pal residence within siaty days�ter
<br /> - tlie ac Borrawe�s pruscipal residence for ae
<br />- ����r�Edris Securiry Insbvment and sf�all cantinue to occuPY �y
<br /> - least one,year aftei the.date of accupan�y. unless Lender atherwise� aSrees m writing.wltich cauent shuli no� be
<br /> • unre�o�bly withiuid,or.unless extestuating cucum.uances exist which are beyond Bormwer:s control. Barrowes si�11 not
<br /> -- •destroy,damage or impaiF the Property.ailow the Property to deteriorate.ar wmmit.waste a►the ProPenY. Borr°wer shall
<br /> _ — Ue in default if any forfeituc�action or proceedin&whett�er civil or erimina{;is bepia that in L.ender's good faith l�g�!�
<br />- cauld resWt in forfeiture of the P�uperty or otherwise materialty impair the lien c�eated bY thi.s Security Insiroment ar
<br /> _ J,e��5 sec�rity�n�eces�. Borrower may cure such a default and winstase,as provideA in paragraph l8.by causing the action ��—
<br /> . �� �.�orproceedirig ta be d�smissed with a ruling that in Lender's goad faith determinatian.precludes f�rfeitur�of the.Borrower� _--_
<br /> ,; � sntecest�n the Property or other material impairment of[he lien created by this Se�.�unty Insa�r;rnt or Lender's secuniY �_�'�
<br /> ' �' .. interest. Borrower shall also be in default if Bomonner, during the loan applicatian process, gave materially fatse or __^�
<br /> k,�; � inaccurate informadon or statemenis to Lender(or failed m provide Lender with any material infam�ation)in c4rnsection with �—_ _
<br /> the•laan eyidenced by the Note, including. but not limited to.►�eutations conceming Borrowers occupancy of the __�---
<br /> • •,property as a prineipal resfidence. If this Security lastrument is an a.tea5�old Borrower shatl comply with all the nrmvisions �:�,_�_
<br />: , pf the lease. Tf Borrower xquircs fee titte ta the Ruperty.the leaschoi8.altd the fe�e titte shal!nat merge unless l.ender agrees �,�m_i___
<br /> ' tn the merger in writing.
<br /> 7. proteetion oE�,ender's Rights in tRe Property If Borrower fails ur perPocm the eovenanGs and agree�nent5 '�•�;':=
<br /> , ` cantained in this Security Lzsssrument.or there +s a tegal proceeding that may s��cantly affect Lender's aghts,in�he.. •
<br /> �.r� :
<br /> . piroperty(such ac a proceeding in bankruptcy.pra6ate,for condemnacion or forfeiture or ta enforce.laws ar tegulatian.5),t,en, ,, ��_'.�_:
<br /> �._=:.
<br /> • ` . Lender may do and pay for whatever is necessury to pmtect the value of the PropeRy and Lender's righ�s in the PropeRY,. -- _
<br /> .�:�. E.ender's actions may iaclude paying any sums secured by a lien which has priority over this Security tastrument.appeasin�;,. ,� . �,',,
<br /> • :, na coqrb paying reasonable attomeys'fees and entering un the Property to make repairs.Aithough l,ender may take actto�, „ .i.,:: .�� _
<br /> �:• aader this paragraph 7.Lender dces rtot have to do so. � • � _
<br /> : '.t,� ''; Any�rwvnts disbutsed by 1.ender under this paregrsph 7 shall become additional debt af Borrower secured by this .�. ,
<br /> �,` Security(nstncrnen� Unless Borrower and l.endcr agree'to other terms of payment:ihese amoun�s shall bear interest from ihe _
<br /> - date of dtsbutsement at the tiote rate and�:hall be pa}�ablc,witb incercyt,upon notice Pron�I.ender ta Horrawcr reyuesting
<br /> . payment. °.�.��_�_. � -
<br /> S. Martgage Insar�ace. !f Lender reyuired mart$age in.rurance as a conCig+:Etin p�making the foan secured by this :: _� • "~�
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<br /> , Security Instrument.Bartawer shail pay the premiurns reyu�rcd ta maintain the ma�age iosurance in effect. li. far any :�;.,,: _ _
<br /> . • reason. the mongage insurance coverage reyurced �c Lender lap�e� or cra�rs [o �e in �iferl, Barrower rhaU pay �he -
<br /> premiums required to obt�in caverage substantiaily tyuivalcnt tc�he mortgage in.r•urance pre�vaoutly in cPfect. at a coat ' �
<br /> �' substantially equivalcm to the cost to Barrower nf the mnngagc imuranre previouyfy in effecr,fjortt altemate mortgage .�. : �_:• �_
<br /> � �•= iZtcurer approved by l.ender. !f subtitantialty equivalrnt mortgagc intiurancc coverage i�not aE�siPa,y!e.�rmwer shall pay to
<br /> • - fxraler each montb a sum cqual to one-twelf�h of the yearty mongugc inxi�rance pr�r_ium beir.�paid by Borrowcr whcn�he ; �� �•,�_�,°" —
<br /> ' -- i7surance wveragc lapsed or cc�.�cd to be in effec�t. L�'�icr will acccpt.usc und rer..FR thcse pa}metttti as a l�ss reserve in lieu .� . .,�1;,,,-
<br />' � L of martg�ge in�urance. Lo+s rescrve paymcnt.muv.na inngcr bc reyuired.at th��?r�v�r:of�.et�dcr, if mongagc insurance �:, ;� f
<br /> ,± --� h�� coverage(in thc�muum:md fot the per�ud th�t Lenctcr requireti)pmvided by an intiurer a��;ati;�(by Lcndcr ag�in bccameti f, -`-•,�'��-
<br /> � availt►ble and i.r•ubtainecl.Borrowcr�ha l{pay t hr premiu m.re N u i rc d e n m a i m a in mortrare"rR4ararnce in effect,c�r to provide a t
<br /> '�+ ^'y-i�'�'�...•� •+ loss reserve.untii the requiremen�for m��ngage insur�nee ends in acc��rdancr with:;��«�rittcn agreement between Borrnwer
<br /> ,��"''���s � and Lxnder nr appticabfe law. ��� .
<br /> �.'r���;-,:.:, . 9. Inspectiun. Lcudcr c�r itti ugcnl mxy n�akc rca+on;�hk cn�ric.r upon:md in.pectiun+��i'thc Pr�periy. Lendcr�hall �..:: �'.
<br /> -� - .,-- give Harruwer natice a�t Ihe tim:.of or privc tu:ui inypection ypccifying r�asonable cau�c fvr the inypection. '
<br /> , „ U � lU. Condemnatiun. Thr pruccect:rif�ny awarJ or claim f�►r�tamagc�.dim�t or corncyutpti.il.in conncctiun with any � ,
<br /> . ". '?+:?;' Sin�le hanuty--iannk�tue't're�4te 11ae���IFOR�f I�tifRCS1BYf•-l'nif�+rm fuvcnanl. 4H10 �pdt�•��•(�l�r�X�'�� % '
<br /> IRrat I:�tta kuqofc4 ta,^t.,lnr.■ '
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