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<br /> � . : pe�iod*Une 1.Mder Rquiea. The i�uura�r�e c�rricr pmvidin��he insuranoe sDatl 6c chasen 6y Barmwer subloct co l.ende�S
<br /> a(ipro�al which shali not be unrasanaWy withheW. If BoROwer fails to maicuain coverage descn'bed above.X ender maY.�t . .
<br /> - Lender3 optiae.a6t�in covera�e w pruact l�a�der's rigirts in�he Propeny in accnnLv�oe with�cagrrph 7. �
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<br /> _���IIL IC1G!�tCtlGWil�S SZIiT�bC YCl'. �G[0 r:ClidCsand-`h�lt i�.r- nrl-�-�-�•s stan +r�1 py(x(�, ��?i�ce �itivlS[_.:_ _—' -- -
<br /> —..---- - ��� ` '_._' .,..
<br /> uve n to reqw— o�rower sba11 P�P��Y S�Ye t4 t.ender-�1�eceipcs
<br /> of iums and tetitwal aotices. In tfie evetu of toss.8armwu sh�lt give prompt n�ice to�he iasw�nce r•uTier and —
<br /> l,ex�der. l�er�der pyy m�ics.prwf of toss if tiw made P�M�Y�Y Borrower., � � .
<br /> Unkss[.enckr aed¢ontowtt otberrvise agree in writi�g,iasuninca pmceeds sh;�t be npptied to restaratio+�or rcpair of . - -
<br /> - — -------.— the Pt�oQerty damaged.i8 the restor�tia� or npair is econc�mically feasi6le:u�d I.cnQer's security is na[esse�td. IP�he —
<br /> �es(o�atian a Rpair.is not oarnamicaliy fe�bk ot I�ender's secunty would be tcs�ened.the i�sur�nce pmceedi sh�il 6e
<br /> — ` apQlied to tht sum.s seaiKd by ibis Security Znstiument,wfinlKr o�ncu tfin►due.with any excess psid to Borrnwer. Tf
<br />�� ' Borrower abu�dons!he Fropeny.or daes not answer within 3Q days a natice from E.ender that the insurar�re carriet t�as .
<br /> = offued to settk a claim;then Lender map colkct tl�e insurance proceeds. i.ender may use the proceeds to repuir or zesCore —
<br /> °_ _ the PcopeRy or w pay sums socuted by this Security Instrumeot,whether or not tiun due_ 7be 30-day periad witt begin vrhen
<br /> the nwia u aiven. . . ` : _ ' _ .
<br />- - Unkss Lender m�d Barmwer dhen�rise ag�ee in wrifmg,any applic�tion of pmceeds w prFacipal st�a11 nd extmd or
<br /> postpone the due date of the monthlY P1Ymrnts cefemed to in p�giaphs 1 ttnd 2 ar change the�mouat of ti�e paymrnt�. If
<br /> . under paragraph 2t the Property is acquired by Lcnder.BocrowuS�nght ta any insurance potieies and praceeds resulting
<br /> � - fr+om damage tn tGe Prope�tY prinr co t1x xquisit��xt s[�all pass ta l.ender to the extent of tRe sums secured by this Security =
<br /> - lnsuument immedi�tely priar ro the acs�uisition. : �
<br /> . b Occupsucy, Pr�rr�tjans Maiatau�uce and Pratedtat of tbe Prarperty; Borrower's I.o�n Appfication, -
<br /> 1.easeboWs. Borrowcr shall occupy.establuh.and use the Property as Borrower's grincipat residence within sixty days after
<br /> � .< q�e esuution of this Security tnstrument and shall coneirtue to accupy the Ptoperty as Borrawei�priacipal residence for at
<br /> + least one ysat afur the date of axupancy. unless Lctafer otherwise agrees in writing. which cansent st�ll nat be
<br /> : . i- unn�sonab(y vrithhetd.or unless estenuat+ng cinumstances exist which are beyo�d 8amuwerk conmol. Borrower sf�►11 not
<br /> , ` . �desnay damage or impais ttx Ptnperty,allow the Property to deteriarate.or canmit waste on ti�e Fhopertjr. Borrower sh�it -
<br /> be in default if any forfeiture action or proceeding.whether civil or eriminal,is begun that in l.endet's gaod faith judp,ment
<br /> .,:., could cesult in forfeitune of the Property or othcrwise materialiy impair ti�c lien creatuf by tdis Secudry In.stnmxnt or . __
<br /> ` � I.e�dcr's security interest. Borrower may cure such a default and reinstate,as provided in paragrapl�1f3.by causing the actian' . -T-
<br /> � �..'�Y��•':..�. • or praceeding to be dismissed with�ruling tfiat,id Ixnder's good faith determmation.precludes forfeiture af the Borrower�s ti.�T =_
<br /> �';��:,� ;,._,
<br /> °_ interest in ti�e"Propertp ar oiher materiaf impaitment�af the hen cneata!by this SFenrity Instrament or Lei�ders security c "'=_-`--
<br /> ,...�{ `�it;:••.:;1 r �•_.
<br /> `- ';��''�_; ,� intercs� �Barrower shail also 6e in defaWt if Barmwer. during the loan application pracess.gave materiolly false ur • �,•..,:'�
<br /> �;�r.s �;�;��;��;..
<br /> • - ,�;.-.,:.-.�- .�-;.: inaccuiate infoimauon or statements to Lender(or fuiled to prov7de l.ender witb any materia!infom�auon)in connection with _��.---
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<br /> � . �-��'��;`.i the toan evidenced by the Nate. including.but not limited to,representations conceming Barrawer's• occupancy of the - -.
<br /> ` 1<<� :`� ��.�`•�i- Pro erty as a principat residence. If this Security Instrument is on a teasehold,Borrower shall comply witb all the provisions '�'=�=--
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<br />�.' � ��4'` = � •'?;:�.�;`' of the lease. If Borrower acyuires fee tiUe to the Property.the tcasehatd artd the fee title shall nat mer;e untess l.eoder agrees �_
<br /> � � ,*�- ':�' � to the merger in writing. • — -
<br /> '�`'`� , ` 7. Protection ot I.ender's Rights in the Property. If aorrower fails to perfortn the covenants and ugeements
<br />� ��...r.�;.=�:, ���_—
<br /> _,_,,.,,�.�.,,`�,,, containeA in this Security Ins�rument�or there is a legal proceeding that may signifcaatly affect l.ender3 aghts in the �!�--�—_
<br /> � Property isuch as�proceedins in banknrptcy,probate.for cortdemnation nr forfeiture or to enfor+ce laws ar regulations),thea "r� �, __
<br /> � . ���� Lender may do and pay for whatever is necessary to protect th•:value of the Praperty and Lender?�righGS ia thc Property. ;>,;�;-'_
<br /> � `' �,�°�"'���� Lender's actions ma include in an sums secured b a ti:n-which has riorit aver this S rit [nstNment.a arin = -
<br /> • • Y PaY S Y Y P , Y �4 Y PP� S ��'�: '- -
<br /> � , ," in couri,paying reasonablc attomeys'fees ar�d entering on the Praperty to make repairs.Atthough Lender may takc action :
<br /> ' __ ' ���I under this parngrrpb 7.Lender daes not luzve to do so. _ . _ -__
<br /> , ; ~. Any amaunts disbursed by Lectder undcr this paragraph 7 shall become additional debt of Botrower secured by ibis ; . , _
<br /> , ( ,�_ , :�:.�� Security Instrument. Unless Borrower and Lender agree ta othes terms of paymen�these amounts shalt bear interest fram the ,, ._ ___
<br /> _ _- • "•%:`.;:�' 's t ut the Note�e and shall be a a b l e,u i�3 a i n t c r e s�u n no tice from l.ender ta Borrower requestin g �• _ --
<br /> r,- � .� . date of d� 6ursemen p y P� .
<br /> . ••'k;� :: . payment. ' __—
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<br /> ::' -` S. Mortgage losurance. If i.ender required mortgage insur.+nce as a conditian of making the taan secured by this . _ _
<br /> � '':':r^'.��+:':• • . Security instrument.Horrowet shal}pay Ihe prert:%ums reyuired to maintain ahe mortgage insurance in effect. tf, Por�ny � -
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<br /> �����-- •.� reason.the martgage insurunce caver�ge required by i.endec lapses or ceases ta be in effect. Horrawer shaU pay the ' :.... _
<br /> `"� � � ' premiums required to obtuin covemge substantiul(y eyuiva`.w-.s zo the martgage insur.�nc� �reviously in effec�t, At A eost . ' �'a�.:-
<br /> ;�::;.;;, ;�, ., saf�s�:_liaily eyuivalent to�hc cost tn Barrower of the mor:_��:�insurancc previously in eCt��:.e,frpm an 1ltemate martgagc . 4,� _='3��
<br /> . '� '' ` � '' insurer approved by I.ender. If subslantiaUy eyaivaieni morigs�e insurance coverugt is not xsxita6Fe.�arrawcr shall pay to � • -:�_
<br /> "'��?,�;��-��:-,�_' '' l.ender each montb a sum equal ta ane•twelfth of ttir;yearly mortgase in!:urance premium Ixing paid by Borrower when Ihe � • ; _�_-__
<br /> 3, •�T�`:�.; � '� iasurancc coverage lapsed or ccased ta hc in e Ftc�v.q< L.en der wi l l uccep�,use an d re�ain�hesc payments as�toss resecv�in lieu i ���A�-
<br /> .',,.'�1�=".'�.r.. 4 � «..
<br /> ,,;:ri:;.- of mortg�ge insuran�. Loss reserve payments moy no longcr bc reyuired,at ihe optinn of l.cndcr.if mortg�ge 9nsumnco ;
<br /> - �.:�.:r,,,F;,., coverage(in 1he usnnttnt and for the period that Lendcr requires)provi�icd hy:�n insurrr upproved by Lender a�in becames �.• : �
<br /> . uvailable und is obtaiaeJ.Barrower stutll pay the premiums rcyuiraJ to maintain mongagc intiurance in effect.ar to provide a � • . ,
<br /> , • � � lass reserve,untit ctae reyuirement fnr monguge in+urance rnJw ia uccurdance with.my �vriz.�a o�;reemeM betwcen 8arcower � ,
<br /> � �` und Lcndcr or appticuble law. � � .
<br /> . ' . 9 lnspectwn. l.cnder or i1s agem mny m.'�icc reasanabtc entricy upan and inspcctiuns ui'�he Property. lxrtdcr shall ;
<br /> • . � give Sorrower notice.0�he tim..of��r prior tu.�n in4pec�ion specifying rens��nabte u►use far�he inspcction. ; . �
<br /> .._� � tt' 64 Cuademnntion. '1'tte prex:eeds af any award��v ctaim for dum�;es.dirNCt or conseyuentiat,in cannectian with any � � _ _
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