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<br /> . f- ��w6ich ��aotslvtl be iaicea+�opiWY rvitL�ld. If Bortuwet'fa�s w`maLMaiu ca�reraae —��Le� ec may.at � . �
<br /> � [endtrb option.a6�ain cv"eta6e zo P'oeect Laode��s rights in the Ptoperty in aceocdaooe with paragnph 7.. _
<br /> ° < All inwr�oe palieies urd mjewats sbai!be accep�abk to Lender apd s�it iactade a s�dand mo�tgrge cl�ose L�er
<br /> � ..sb�ll l�ve the righ to hold the policies and m�ats. [f I.eadtr toqai�es.Qoirowsr shati ptomptly give to t.ender ail teceipts ,�
<br /> ` Of(ff�QlC�Umt�!dl�W�110[ICCS. TO 111G OYCfIt Of 1E155,BOR�OYYK S��g1YC QrOR1QI i10t10E t0�IG i[ISW911CC C�IIfC��[Id
<br /> i.ender. I.etdermay mdce p�oaFof tosa if twt n�dt promptly by Ba�mwa. ' , �
<br /> - . Unk7s f��der aod Btxmwtr otberarise agtoe in writiag,s�sur�e proe�s shsll 6e sppl�to testaat�a or repiir of ---
<br /> � dK y da�ged,if the�storrtioa or repur�s eooaomicaUy feuibk sind l.aWer's sec�rity is nat le�sened. if the
<br /> �r�ta�atar�epir is nu ecaoomically fa��e or Leodes's sa�ttuy would 6e lessened,the.iasur�nce prooeeds shall6e .
<br /> � applied w the sums secemd by this Securiry Inswinent,wlxther ar aat then due.arith aay excess paid to Bortuwer. If
<br /> Bo�t�va�ndoas Wc Pcopeny.ar does not answu within 30�ays�notice fmm L�ender ttuc the ins�u�nc.e canier has
<br /> af�eCea w settte a ctaim.tGen l.eaaer may�uea d�e ia�u�ce pnxeeds. L+eaaer may,ue the poaYas to n�sir or�e
<br /> � �e or w pay sums sa�ea bya�is secority.Inst�u�aent,wl�ether or noc tha,auG 'R�e 3o-aa►y pecioa wiu begin wlxn . . .
<br /> t6en�gira�. '
<br /> ---_ --- - - ._. _ Unless Lender and Botmwer otbeiwise agree in writing,.any apglisatian of Q�ocads m-p�incipad shalt nat eiuetM oc -- - -
<br /> pa�tpone fhe due date of tbe mootWY WY�ts tefetnd to in paragraphc i aad 2 or change the art�ount of the paymeats. If _
<br /> �uder iwragtapb 21 the Property is ecqaurd try I.endet.Bormwer's right Ea uiy insurance policies ard p�oceeds t�esuttin8 .
<br /> fram d�mage to tbc HopertY Prior to the xquisitioa si�aIl pass w I.ender to the eatrnt of the sums secuKd by this Savrity -
<br /> iattnunent immediattly prior to the acquisition.
<br /> f. OaepMC�Praerva�ioa. Mai�teaaace ab Protectb� af t6e Propaty,' Borrow'v's Lo�s�Applicatioa:
<br /> = Leafel�olas. Bamwa sdall occupy.cstablish,'and us�the Pbperty as Borcower's priacipal residence within sucty days after
<br /> � tbe e�m of diis 3ocuary Instrument and shatl eontinue to oceupy the Ptvpetty ac Boa+nwer's principat iesidence for at
<br /> {e�st onc yar after the date of occupsncy. unless'Lendet ahcrwise�ag�ees in writiag, which cauem sf�all tat 6c .
<br /> �� urprasonably witbheld,�m�kss aitataadng ci�exist which aie 6eyaid Bamwes's control. Bortuvirer shall not .
<br /> - des�ay.dame8e or irnpair tLe Pmperty.allow the Property to•deceriorate.or comaiit wacte on the Propetry. Boaower si�all
<br />_--_ be ia defantt ff any folfdtuze actian ot p�nceeAing,whether civ�'1 or crintinai,is begun tbat in Lender�s good faith judgment
<br /> - couW cesWt ia fafeita�of the Property or otherwise materialIy impair the tien crcated by this Secunty Is�sau�s�ent or
<br />= l�ender�s security intettis+^w Bo�rower may cuce such a default and nu�state,as provided in paragraph IS.by causing the action ,��,;._
<br />_ `or p�0000ding to be dis�nissed witt�a�ting that.irl l.ender's good faitb deteaninaaon.preciud0s forfeiture of the Sormwer�s . � �---�-
<br /> inte�st ia the pmperty or other material iiapaitment of tl�e lien created 6y this Securiry Iastrumeat or i.enckr's secarity �-
<br />° ' _ intee�st Brnrower shall also be iq defauh if�:Ba�arower. during the loan appliration praxss, Save materially false or �:_-
<br /> ' inacc�rate informaaanur statements to Lender 4or f:��r�to provide Lender with airy materiai infom�ation)in connectiorrwith i---=._
<br /> ttx toan avidenccd by.the Note, includiag,but as�:limited to. representations conceming Borrowers aoeupuxy of the ���—
<br /> _ pcopeng�;a princ�a(ciesidrnce. rf tltis Securiry[iisavment is on a teasehotd$arr�ower shatl compiy with aIl the provisions
<br /> - of the k�c.If Barcnwes acquires feetitte3b the P�vapecty,the teaselrold and the foe title shatl not merge untess Lender ag�ees
<br /> to the meF+,�r in writing. . �_
<br /> 7, p�ntecdoa ot Lender'a R�t.s in tHe Property. If Bormwer faits to perform the covenants and agroements
<br /> : cauained in tbu Secaia"ry Inchument, or thece is a tegal proceeding that may sign'ificantly affect Lendez�rights•in ihe --_
<br /> Prapetty(such as a pa+ocetding in bankruptcy.probare,for condemnation or forfeiture or to enforce laws or regutasions).then �:~� --.--.—
<br /> I.ender may do and pay for whatevec ia necessary to protect the value of the Property and Lender's rights in the Ptop�ty. --.---__---_
<br /> Lender�s acNons may include paying any sums secnred by a lien which has prioriry aver this Security Inmument,appras�.� �:���Ar���_-
<br /> ' in court.paying reasonable auomeys fees and enterIng on the Property to make repairs,qithough Lender may take�:rxssxs �����-�-�_:
<br /> under this paragraph 7,Lxnder does not have to do so. � ' " _ '���__---
<br /> • � Any amount4 d'ubursed by L.ender under this paragraph 7 shall become additional debt of Borrower secured by this � ; _�'.�_
<br /> • ` Security lnstrument. Unles.s Horrawer and Lender agee to other terms of paymen�.these amounts shall bear interest from ihe ° ='�=:> -.-
<br /> date of disbursement at the Nate rate and shall be payable,with interest.upon notice from Lender to Borrower reques�� `��-':_=�`:"_
<br /> • Pi►Y��►�-: ... . _ •_: 'r:�,;;:`.,
<br /> • . $, i�tprtg,t�e tqsueance. If Lender required martgage insurance ac a condition of making the loan secured by this -"�i:�.=__
<br /> 4 Security Instrument.Botrawer shaU pay the premiums required to maintain the mortgage insurance in effep. If.fos any � ��.' - . . --
<br /> ' reason,the martgage insurance coverage required by l,ender lapses or ceases to be in effect. Borrow�shall pay the �;;s�' .
<br />- premiums requireA to abtain coverage substantial4y equivalent ta the mortgage insumnce previousty in effect. at a cost � �_.1a.:.=--
<br />; , , substanrially equlvalent to the cost to Borrower af the mortgage insumnce previausly in effect.from an altemaUe moRgage ' . '�,;�._`
<br /> - •;nsurer a}sproved by Lender. lf substantially equivatent mortgage insurance covernge�s nrn availabte.Borrower shall pay to ,�,�f�'<=__'�
<br /> , Lender eazh month a sum equal to ane-tarclfth of the yearly mongage insurance premium being paid by Horrawer when the _.�,-:��:
<br /> , ,..°,....,.-_-_:=
<br /> - � � " insuranee coverage tapsed or ceased ta be in effect. Lender wilt accept.use aad retain these paymen�g s�.s a lass reserve in lieu •.�.�=_
<br /> = . of mortgage insurancc, l.oss reserve payments�a�+�ta tonger bc required.at the option af Lender.if mortgage insurancc -=.°•�;;_-�•_
<br /> - = coverage f�n the amaunt and for the periad that Lend�r requires)pravided by un insurer approved by l.ender aga�n becomes ,, , �:�i,.,",�"'�,'.
<br /> avaitable a�t�is obtained.Hartower thall pay the premiums required to maintain mortga�e insurance in eifect.or to provide a _� � `"�$�
<br />- toss resenis,until the requicement far mortgage insurance ends in accordance with any written agreement between Barrower •
<br /> ,,�.. _ and Lender aT agpficable iaw. .
<br /> - 9 InspecNoQ. Lender or its agent may make rrasanable entries upon and inspectiony of the Prapcny. Lender shall •
<br /> give Borrower notic�at the time nf or pdor tn an inspection specifying reasonabte cau.+c for the inspection. � � '.
<br /> 10. ('.ondemnatlo�►. The proceeds of any award or claim for damages.direCt or canseyueniiul,in catana:tion with any ��_ :�
<br /> Singlc Famity-•fannk MadPnddk Ffac lJ}�i1FOR�f I�STRU:NFtiT--Unifomi(ovcnant� 9l90 �puRa�ajn pnges� •
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