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<br /> .s%j . . , . ' �` slul�be cnosen by�onower su�jat�LendaS�` . ,
<br /> _ �r;o�d�t Lcader rec�tire�.'ILe 6�sut�oc�e c�zier provid� a� _ _
<br /> — � ---- - . _ � -
<br /> Lender's flptiaa.ob�ain corei�to pcota.Y Larder�rigN�in tht PtoQetty ia acmrd�r�oe with pnr�gr�pi�7. •
<br /> AH iastaaioe'pdictes�nd tprewais shaU be�ov�pfa6le w Leoda aad shall incltide a standa�d mortgage ciwse. L�ender '
<br /> 4 siuli bsve[�ri�t to hoidtbe policies aod ta�carsis. If l:enderieguias.Bor�oa�ersdatt pcompttY g'►ve to Lenda a�l�eceilxc
<br /> . ' of p�id pmniums ahd meoewal aap�e.s. In the eve�t of loss.Bamwer shali give paompt�oticF to the iiLwru�ce carriet aad
<br /> r Len�er. L,tader may mai�t proof of loss if uot mada P�P�Y bY��'�
<br /> [tnlesi L.mdeifad go�mwct atlietwise ASc+�.in.writing._insuraoce P�aceeds s6aU be�applied�o testoratian�teptir of
<br /> . . t6e Ftdperty 3tmaaed:if the�estaratian or�r is�y fr�asi'61c�nd I.ender's secunty is na t�ss�. T€the
<br /> . crsoontian or tep=it is aot cconamically fr�siWe or L��der's secunry woutd be lasa�od.tde Insuruue proeeod�shall be
<br /> applied w the:sums secwed tiy this Sec�uity Inatument,�or noe li�ea due.whl�any exc�ss paid ta B�mwcr. If
<br /> Baaower atimdoas t4�e�topeity,.or does not answeF within 30 days a notia�fmm�.ender that the insur�nce curier has
<br /> offaed w settk s cl�im.�t6rn Leoder may cdlect the iasur�nce piocecds. Lender may use the penaads to iep�ir ac r+eswoe
<br /> the Pnopetty a to�y su�s�oeu�ed by this Socwity.Inswrt�ent.wlxther or ant then due. 'lhe 34d3y penad wil!begin whrn
<br /> the aotice is given., `
<br /> . LTnkss Letder aad Bariower ot6�twise agree in writing.any appticatian of procceds to ptiacipal shali rot e�ctead or
<br /> postpooe tHe dpe date of the moruhly p�}m�ents teferRd m in parrgraphs 1 and 2 ur cGan�e the amau�t of the payme�us..If
<br /> under paragr+ph 21 the P�operty is acquiied by L.ender,Bormwer's right to any�iasurance polici�s and procceds raufhng
<br /> froru damage�the R'oPenY Pria to tha acqwsmon shall pu's w Lsader to tbe_excant of dte su�ms�ecvtrd by th�C Socarity
<br /> - -—"— —- - �o HK nisition. ' . _ �__
<br /> [nsuwnenl�mraal"�atety pr�or - ac9 -
<br /> ' �, ((��� �C� h/�i�0! f9� pf0�M10t O� �!PiOpl14J��:BOmOf�K�S I.U�Y A�I1p[IOR;
<br /> 1�eirolds. Banower shall occup�;escaMish.and use the Pmpetty as Bomowa's�rincipal nsidence within sjxty days afur
<br /> the executiou of this SavritY ln�`t aad sb�contimK to occupy ihe Pmperry as�orrawers principal residence farat
<br /> � � yp� �{� � � ��pancy. WTess [xnder odrnvise agrees in writing. which cansent shall o�ae!�e t < <
<br /> ' unreagonably withheld.or uWess eatenw�ting cin�mstances exist which are beyaK!Barta�ver's cantro� Bomuwer shall not
<br /> . destray,da�asge or impair tbe Praperty.allow the Ptnpeey to deterionte,or-commit waste on the Propeml. Bonov�rec shall .
<br /> - '. '. be in default i€any fafe�twc xtion o�pmcceding,whether civil ar crimntal.is 6egun tba�in Lender's goad faith judgme�tt
<br /> cautd result in fo:feiture of the Pbperty ar wl�erwise matertiallY impair the lien cneated by this Security Instrume�ec or
<br /> i� Lender's securiry ioter�es� Bormwer may cum such s►defauit�reinstat�e.as pc�n�vided in ParagaPh IS.by causing the ac�in .
<br /> ' or proceediag to be disrrsissad aith a n+ling ttrat,in l.eader"s gbad faith detem»nation,ptecWdes forfeiwrc of tde�arrower's _
<br /> -= intetes�in the Pmpecey or ott�er macerial impaim�ern of the lien c�eated lry thu Security instnunent or l.ender's securiry � _
<br /> ' interesR Borrower�11 also be �n defauic if Borrower, during the,Ioaa application ptacess. gave materiatly false or
<br />- inxcurate informatio�r os statements to Lender trn failed to pmvide Lender with any traterial infortnanon)in conneclion with _
<br /> the foan evidenced by the Note.including,but not limited.r,a:representations conceming Bormwer's occupancy of the --
<br /> `=�-= ,� PropeRy as a principal residetxe. If this Security insttument's�c�:a leasehold,�atrower shall comply with`al1 the proLisions
<br /> "� af the ka.se. If BormKrr xquices fee tiQe ta the Pto�erty.the leasehold and the fee tiQe shall not merge untess l.ender�grees
<br />.•� .
<br />-. to the merger in writucg. �
<br /> ->_ • 7, p�otection ot Lender's Rigbts in t�e�eoperty. If Bomower fails'to perform Ihe covena�a.�d agreenlents
<br /> ��`�� contained in Ihis Security Instcumert.or there is a legal praceeding that may significantly affect Le�t:i:r's'riShts in ihe
<br /> pmperty(snrh ac a praeeeding in banicruptey,probate,for condemnation or forfeiture or to enfor�e laws or regulations),then
<br /> Lender may do and pay far whateves is necessary to protect the value of the Fropeity and Lender's rights in the Property. v
<br /> [.ender's actions may inctude paying any sums secured by a lien wbich has prioriry over this Securiry instrument,appearmg �'-�.
<br />= in court.paying reasa�aable attomeys'fees and entering on the Property to make repairs.Alihough Lender may take action —��, ..
<br /> ' under thfs parag�aF�Ee"F.Lenderdaes not have lo do so.
<br /> g <�
<br /> i Any amoun�s disbursed by l.ender under this paragraph?shaA become adJitional dcbt of Barrower secured by�his �'��,.
<br /> • Security tnstrument Unicss Bomv a er and L.ender agee to other terms of pay ment,these amounts shall bcar interest from the ��_
<br /> _- date of disbursement at the�lote:a:e and shaU be payabtc.with interest.upon noticc from l.ender to Borrower reyuesting ;_
<br /> �_ payment. , - �::
<br /> - d r ui�'a�mort a intiurance ac a c�nditian af makjr�the loan seeumd by this �?
<br /> S. M a r t g s�e I Q s t t r a n c a !f L e n e r c x� g g e
<br /> � Security Instrvment.�orrowcr�hall pay the p�c�;;�ms required to maintain�hc ittangage.insurance in e f fect. I f.for any �_
<br /> reason. the mortgs�ge in.r•urance caver�ge req,,.:'� by Lee�cT lapses or cettces to be in eifect. Bana�::r+hall pay the . �%�;�
<br /> premi¢�.c required to obtafi coverage substantially eyujv„[c'c.t yo-the mortgage intiuranee previou�ly ire effect.at a cost ��_
<br />-__ _ subs;�z�]ly equiv�tent to the cost to Borrower of Ihe mort � e insurance rev�ousl in effret,fram a��_�emate martgage �`''Y'
<br /> 8fi P Y � ��.
<br /> � �'� insure�appmved Fr•�L.�:::der. If�ubstantially eq�ivaleni martgage insurance r.�,�ti crage it acx availabte.E�:,rr.�wer shall pay to ��-
<br /> `�� . Lender each marrur.a�;�r n equal to nne-twelfth�.f the yearly mongagc insuc.a..a�F-er.:=�.�.i.�eing paid by S�rrower when�he' �,_
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<br /> -_'s,: insuranec coverag�!?i�ed or ceased to be in eft¢ct. l.ender wi0 accep�,use a^��<�ti11II Iit�v:�ayments us a lorti reserve in lieu . _-�
<br /> " of mortg:►gc insurance. Loss re�erb•�payinent�may n��lunger he rcyuired,ai thc uptia�ct l.endrr, it'mortgage insur�ncc � --_
<br /> caverage tin the umount and for ct�.���rial ihat Lcnder requirc�)pravided by an inyurer z�:raved by l.ender again becutr.r� ..1�,
<br /> 'rs
<br /> �_?-.
<br /> = � availAble and is abtaincd.Barro�cet;yh�:::l pay the premium�rcquired t��m,�intain nu+r�gage;::�::rancc m clTcct.nr ta prc-.�u:n _:�z.
<br /> �, loss rescrvc,umil ihe requirement for mortg��e insurancc cnd.in ucr�+rdartce with any«nttcn.igaccment bet«•een Bnrro�ver
<br /> ' and Lender ar applicable law.
<br /> ' - 9, lnspectio�. Lcndcr or itti ugcnt ma? r.takc reasunabk cniric���p�m anJ in��ecliun�u!thc Pr�;>��ty. Lendcr tihall
<br /> .� give Barrower nbtice at thc lime af nr priur tn n in~pection tipecifying rea�unable cau�r fc�r the in�pectiun.
<br /> 10 ('nndemnatinn. The prexeeds nf a��awurd ar claim f��r damag�ti,dircct�u a�mcqucmial,in ronnection with:u�y
<br /> , . .��..
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