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<br /> � . � � . � . � . . � . -- �1�.�/�� -
<br /> ` , � ` _ : the ins�u�nce sta11 ee cUosta hy►eort�wer aubjen to�t.endecy
<br /> <: paiodt d�t!a�der toquires. The iruuaocr cmie�P��B desciibed above.l.eader may.at . � '<
<br /> ai vrluch shaU uol,be un�eawnaMY wi�N�eiQ- 1i 8ortowec fails w maid�in crner�ge �
<br /> _ ..--- _- - apPn°v - ---� - _T�.iis�tslalhe.E'�o�!�t�..?ccortf�with _ � -- _-_ _
<br /> _— — � ---�_
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<br /> anc!renewals s6�t[be ac�cept�bk sa en er�a id c ��
<br /> Atl inxa�t�t Potic[e� enc a �o��r all�eceiptc
<br /> � `"stutt hive tbe rigtu m fioi�the pol�ci�u�t�a�vsi�. IfLrnder ialuires.Barrowxr shatl promptiy 8'�! _ _ _ _
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<br /> ' ef paid pc+emi�s snd renew�t noti►es. In the eve�of lass.�sdaq givc pr�P����co the insuc�nce car�er a� .
<br /> i.ender. Lrnder may aiake pmof of toss if namade prompti�►bY
<br /> z . U�l.e�dee and�er dherrrisc agcoe in w�itiag,iastirance Procoeds sha[t be appfied co�rstoration ar tepais of
<br /> � ��Y�8�if the cestoration or repair�s ccammicafiY fe�'6tc•and t.ender�sec�uity is not iessencd. If ttk
<br /> • nstontion or.tepair is not econom�aUy fr.�sibk or Lenikr's secarity wouid 6e lessened,thr insur�nce prncads sball be :
<br /> � applied w the swns sav�ed by this Socuriry [nsuumrn�.whettxr ar nat tfien due:with any exsess paid to Bamwer. If
<br /> Bonowa ab�ndo��tNe Pmpert��or cbes nat anriver within 30 days�notice f�a+n Lender thae the' `lnsurancs rtsto�e
<br /> offered to sdtAe a ctaim.tGen Lender may colkct i6e insunnee pcocred�. Lendet mzY use the poeeeds �air
<br /> •, die ptopecty or to pay sums secure�bg tbis Securiry Insuurt�tnt.whether a twi tGen due. The 30�day periad wi11 begi�s wbea .
<br />-- dfe noticx is gtven. tcation of w shatt tlot ex[end ot
<br />- - Unkss t.rc�der and Barmret.othen�+is�agret in writiag.any app1� p�� P�P�
<br />=''A p o s t p o n e tbe duc dau of the mant6lY DaYmems mfemd co ia p�ragiaphs 1 aud.2 or d�angr the amount of�tte p�yments. if
<br />=_ �pangapii 21 the Prope�tY is aaNir�d by Lender._Bocrowers right to any ins u r a n c e p a l�cies and p i o c e e d s
<br /> raulting
<br /> -_ from damage to tha P�ope�ty PEior to the acqaistt�on sha11 pass W Le►�tn_tbe extcnt of the sums savred 6y�his Security
<br /> Instnut�ent immediauty prturw the acqutisitian., . Borro�rer'� I.au ApplkMio�• -
<br /> - c f. pcc�pwe�, Prese�ati°s► Maiatenance and Pratection o[ t6e Propert7; '
<br /> �o(�. Bamwer shall ac�upy.esta6lish,and tue tbe PtopeRy as Boaoarer's princ'spal cesidence within siaty days afur
<br />--- the eaecutiaa of thic Socariry lnst�ua�ent and sl�all coatmue to occupy the PrapMy�Borrowes�pr't�ipaf s�sidmce fa u'
<br /> Iast oae year aftu the date of occupancY,.unkss L,ender otherwise a�ea in writing. wbich canseot shaq not be
<br /> �sonably v�nthhetd.or u�less extrnuating cucumstances eaist which are�beYasd Bartower's cdnim{. Bamnwa sh�ll not
<br /> `:��,: 'destroy.damaSe oc impair dre Rup�nY.•allow tbe Pro�xrty to deterior�te.or commit waste on the propaty. Bonawer sha11 �
<br /> be in defautt if any forfeinue action a gcaceeding.whett�er civil,or c�iminal,is be�un that.in I.endera gaod faith I�S�M
<br /> � � �_°'� could nesuit in farfeiture af the Ptopeity or atherwise matenaliy impair tt�e lien created by this Secdrify instrument or
<br /> ` '`':'; i.ender�s security inteces� Barrower may cure such a default and teinstate.3s provided in paragraph l S.by causing tbe action
<br /> _ _, . �°, or pmceedirig to be dsm'�ssed with a tating tt�t.in Lender s good faittf detemiinatim.pcecludes focfeiture of th�Bamwer's _
<br /> � :: interest in the PropeAY or other material�impairment of the lien cceated by this Seearity Insuument or f.ende�s savritY
<br />� � r�'�:: intet+est. Bor�uwe*shall also 6e in default if Borrower,during the loan aPP���<i� PrOCe�&?ve materialty fatse ar
<br /> � � inaccurate information or statemrnts to Leader(or failed t�pnnvide Lendec with any material infamtauon)in connection with
<br /> . . :.:�: tAe taan evidenced by the Note. inciuding. but not timited to. repcesentations coruceming Borrower�s occupancy of the
<br /> : • -r,�, , propeqy as a principai residence. If ti�is Security Insuument is oa a teasehold.•Baaower shall comply with all the p�isions �
<br /> " uf the lease. lf Bomnwer acquires fee tide to the Propect�.the teasehold and the fee tiUe shall not merge_uniess l.ender agrces
<br /> , � �,. � tothe merger in writing. If Barrower fails to perform the cavenants and ag�mcs�
<br /> � � - �= 7. Fmhction d l.endec's Wghts in the ProPert9-
<br /> ' Y� '..' contai�ied 'm this Security tacttument.or there is a tegal proc a' ,that may siguficandy affect Lender's rights in the __
<br />. = -'':,;.;�� pmpe�ty(sude as a proceeding in 6ankruptcy,probate.for conde���osi or forfeiture or to enforce laws or regutations).tlxn _..�.
<br /> �'-°' Lender may do and pay fur wlultever is necessary to protect the v�i+:�:of the Avperey and Lender's righ�s in the Prope�ty
<br /> ,. _ -r:� � �;'', :
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<br /> '�,:�?;�.�- ' I,ender's actions may include paying any sums secured by a lien which has priority over this Security lnstrument,appeanng �=_
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<br /> � ^�f�;=•.:�. ia coun,paying reasonabte attomeys'fees and entering on the Property to make repairs•Aithough Lender may talce action -r•--
<br /> ��.�r.;:i, ',r��� _, under this paragraph 7.Lender does not have to do so. -''�Y ==_
<br /> - ;�; �':u.,,•.,�.-_ .. Any amounts disbursed by Lender urtder this paragr.�ph 7 shall become addidonal debt of Borrower secured by this z�-_
<br /> .. - :�; ¢� Security instrument. Unless Bc�ROwer and Lendet agre,e to other terrt�of payment.these amounu shall bear interest from the _�,:,r�:
<br /> date of disbursement at the Note rate and shaU be payable.with interest.upan notice fram ixndes to BaROwer requesting . ,•�� -
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<br /> � �,,: `•k ��5. Martg,age Insurnnce. If Lender required marcgage ia+urance as a condition of making the loan secured by thls -
<br /> . f��*�`����:� - Security instrument.Borrower shall pay the premium.rzquimd to maintain the n2ortgage insurance in effec� If,for any ,._ •::_
<br /> 4.�. ...� ::.(1'. : •ie' ����
<br /> ���;''�'• reason. the.enortgage insurance caverage required by Lender tapses ot ceases ta 6e in effecl. Borrawer shall pay the
<br /> - " °''���•'-�' "" pretniumy required to obtain coverage substantially equivalent ta c�a:�nortgage in�urance previousty in effect,at a cost _
<br /> �� ��� =�� substantial�y equivatent to the cost to Bomower of the martgage fcr.wrsr:�'e previausly in effec�.from an altemate mortgage , �
<br /> . - �a,t-:.r •
<br /> insnrer approved by l.ender. It�ub.•tantially equivalent mortgag��r urace cover.�ge�s nat availabfe.Borrower shall pay ta
<br /> � � Lender each month s►sum equal to one-twclfth of tho yeariy mors�ge insurance premium being paid by 6ormwer wheo tl4e . .
<br /> �'.:, . �
<br /> r insurance coverage lapsed or rea�ed to be in effect. Lertder wiU accept.u�e and retmn these payments us a loss resen+e en[�eu -- _
<br /> '���� of inortgage lncurancc. L.oss teserve paymcntti may no longer be sequired.at ihe oplion of Lender.ii maRgage is�n�ru^.e •
<br />- � p • ,: coverage lin the amaunt and for the periad that Lender rcqaires)providcd by an insurcr approved by Lender aga�n ba:�-m+�
<br /> "F�a%r �z.: available and is obtained.Borrowcr shall pay�hc premiums reyuired lo maintain mortgage in�ur.ince in effec�or to protiYde a -
<br /> r'�,�,���::'. ' loss rescrve.until the requiremcm for mortgage insura�ce ends in accordancc with any written agmement betwecr��oaaK�er
<br /> "s..si:.. ., _ . .
<br /> � •�,�,'•;r-•, -• and Lender or applicable luw. •
<br /> ''�'�`� 9. inspecNon. l.rnder or iEs agent may make rcationablc entrics upan and 4-:�.�ections of thc Property. E.eeidcr shall li���,.
<br /> , '_;���,..�:: . ;`'." '
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<br /> give Borrowe�natice vt the time oti or prior t«an intipection ypecif��irr rea+anable cau�e for the inspection. ,,:
<br /> _:i,i�;;•rti�`;.�-�..- g 1b C�ndemnt�lion. The prara.�dti of any uward cK e1aim fer:�rrages,direct or contieyuential,in cannection with any E .
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<br /> , �.:1:'�>'< ; �� 5inglc Famity•-Faonk Nae/FreAdk Nac l'\ti(DRt�(`tiTN1:Nt:�iT•-l.mfurm Corcnanty 9/9� Ipu�e 3 uJ6 jruAex! t( •
<br /> .,st;°•., . - t�eat Iates Bueters�vame.tec■ + '
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