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<br /> � . l�end�er8 optiab dxlin�o�aags m p�'�Lender's rigdts in the PcopettY in aocordaoce with patagraph 7.
<br /> :All insuranre gol'�cies�d rroewals sl�a115e acxeptabie to t.etider aad shal!include a standarA moetgage ctaus�. I.ender .
<br /> � s1wU Itsve the ri�ht to hoW�he policks�ad.rrnewals. tf Lendes toquus�Botruwer shaii p�omP�Y 8m to f..endev ail csaipts
<br /> at pid p�emiums aM reneWal aaiors. Inthe evert oE Ioss.'Bnrrower sl�aall give pmmpt naice to the ins�e carrier aod .
<br /> Lender. Leeder msy m�ioe pconf af loss if nat�i�ade prumPdY�Y��'a •
<br /> • • [lnkss i.ender�3-Hamwer otfiera�ise agree in wntir:g:�sraoa procads shall bc applied tQ resuxati�n�repair of • -----
<br /> � ' the ptioperty d�ma .if�tUe restarauan a cepzir is ecoaomicatly feau'bJeaad 4cnder's stcurit7► is na lessened. U the . .
<br /> .t+estontion or�is eot ecoaa�ic�lly feacibk or l.ender's savriry would i�e kssened.the insurance p�rocceds shall be
<br /> applied ta the wms secncrA by tltis Sa�uitY Instrumen4 whether or not then due.with any excess paid to Soaawer. If —
<br /> Ha�rawa ab�nda�th�Ptaperiy.a das aot answer within 30 days a notict f:om l.ender that the insur�nce carrier Aas
<br /> � offened to settk a ciaim.then 4ender may collat tba inwrdnce procoeds..l.e�der may ase the peoceeds co teQair oi Testore
<br /> tl�e piropaty ar to pay surns secuied by�his SecwritY instruaseaf,��*ar not the�t due. 1Tx 3Q-0ay periad will begin vrhat
<br /> the notice is given. � ' -
<br /> ` Unkx�Lai�r and Boirower athe�svisc agrec in�itin8-�Y aFRlicatian of praceeds co priacipa!sisall not caund or _- --�--- -
<br /> ��du�due of th�monthlY paymeats�eferred to in paragraphc 1 and 2 or chauge the amount of the payments. If
<br /> _ undor prag,raQh 21 the PSopenY is acqouad by Le�tder.Borrawer's n�t to any insurance policies and�s t�esultin& —
<br />- _fran damage to the Pwpe'rty ptior w the a�'AutsiGon shall pass to Lender to the exteat of tt�e sums secut+ed by this Security --_
<br /> Insuumrnt immediateiy�priar w the acquisiuon. _�
<br />° i. Oavps�cy. Pieservstio�. Maistenance aud Ptotection af the Propert�: Borraw�'s l.aan �tppikatbo: . �.�
<br /> - l.ea�eiolds. Bamwer sl�all occupry.establich,and use s��e�ty as Bamwer's princlpai�esideace within sixty days after ���
<br /> the esecution of this Securiry Insuument and shall��sf occupy the Pmperty a4 Borrower's�is�ipal cesidence'for at �•--.
<br /> - tea5t c�ne ypr after tha date of occupancy. unless.fu� otlxcwise agcees in rvriting. which cunsent shall not be �`"
<br /> - nturasonabiy witbfrekl.or uniess eatrnuating cin�anst�ces exis�which ac�beyad Bamwer's conuol. BoROwer siiall not �_:�_
<br />�;.� , destroy.dama8e or impa�the Property,allaw the Fropercy to detcriorat�or commit waste on thc PropeRy. Borrower shall i_:_
<br /> �� , be in defanit if any forfeitun xtion or proceeding.whethet civ�or criminal,is 6egun that in Lender's good faith judgment , �,,�_._
<br /> cauld result in fixfeipue of the Ptopercy or aherwisg materially impair the lien cmate.s#by����tY instrument or «j.::_
<br /> -_ l e n d e r's s e c u r i ry iatetest. Bairower ma y cure such a default and reinstate.as provided in paragraph!8.by causing the action �;:'�
<br /> der's ood faith determination, rec lu c i z s fo r feiture o f t h e B v rt+a w e r's �`"�'�""
<br /> or proceeding to be dismissed with a roting tha�in Len S P .�-3!`_� �-•,-
<br /> � intecest in the Ptopercy or other material impairment of the lien created by this Security inswment ar Lender's.security . ..:� :...�:.
<br /> �; � interesti. Borrower sha11 also be in default if Borrowet. during the loan application proces.�. gave materially fatse or ;�.l�_,, ._
<br /> � _ `�`,. i»acc�rate infortnadon ar statemenu to l.ender(or failed to Provide Leader with arry material infom�ation)in comiection with „�. -:;_-_
<br /> � . ���r � the loan evidenced by the Nate, inclading,but not limited to. representadans concecning Borrower's occupancy of the . __
<br /> Y propertY as a principal residence. if this Security Instrument is on a teasehold.Borrawer shaU compty with all the ponv�siot�s � _ - _
<br /> , ;� uf tl�e kase. If Borrower acquircs fee title to the Pta�pecty.the teasehold and the fee tiQe shall nat merge unless Lender agras ��"��
<br /> x. to the merger in writing. "
<br /> 7. proteqion ot Lmder's Rights in the Property. lf Borrower fails to perform the covenants ancl ageemen�s �=-
<br /> �`•`=s contained in this Security insuument�or there is a legai praceeding that may si�cantty affect Lender's righu in Ihe -�
<br /> �`` Properry(such as a praceeding in bantsn!ptcy.probate.for candemnation or focfeihue or to enface laws or regulations).then '..F'�,`;,iS'�;_
<br /> � • - - s� _•' l.ender may do and pay for whatever is necessary to protect the value af the Property and Lender's rights in the Prope�ty. , , .
<br /> '� '� �1 . � � �
<br /> .,� ,: Lender's actions may inciade paying any sums secured by o tien which has prior�uver this Securiry Instrumen�appearing
<br /> - in caurl.paying reasonabte attomeys'fees and entering on the Property to make r�z�^s.Although Lender may take action
<br /> " } �'.��, 4::.. under this paragraPh 7.Lender does�e+t have to do so. l
<br /> :.=.:s' ; � : Any amoun�s dishursed by L.c�d:�c undcr this paragraph 7 shall become additioaat 8e�t�f Borrower secured by this �,�
<br /> � ''�` � Security lnsttumen� Unless Borrower and Lender agrec to other term.s af paymen�these amounts shall bear interest from the �-
<br /> ' ;�:; date of disbursement at the Note rate and shall be payable.with interes�,upon notice from Lender to Borrower requesting � .',.�,`;
<br /> •,� ' ..� paymen�.. •-z
<br />. , - ,��-,,, S. Mortg�ge I�soranea Ii Lender require�riongage insurance as a condition of making the Ioan secured by this P
<br /> ':r�. � �� r;; Securiry lnstrument,Barrower shai!�-thc preir�iums required to maintain the mortgagc insurance in effecK. If.for any - _ , .
<br /> "=:?� " �'w_:'..r, • reasan,the mangage insurance cavec'.:ts: required by l.ender lapses or ceases to be in effect. Borrawer shall pay the ; _
<br /> � premiums required to obtain coverag�substantially equivatent to thc mortgage insurance p«viously in effcct,At a cas: • __
<br /> ' _ �;`•.�'�: substantially eqnivalent to�he cost ta Bortower of the mortgase imurance previc���sly in effee�from an altemate mortgag� �': ; ,
<br /> - � , insurer appraved by Lc��er: If substantially equivalent mortgage intiurance cac:-a��ic aot a�ailable.Borrower shall pay[o � y�,.=-
<br /> l.ender euch month a spm equal to one-twelfth of the yearly mortgagc insuran�=�;nium beir,3 paid by Eormwer when the �t;�.�~ ", ` ;;� ,
<br /> r ��:, insurance caverage lapsed or cea�tied ta be in effect. l.ender will accept.use arid re.ain these�as�:nts ag a loss reserve in ties , . �w.��,
<br /> • of mortg��,�nsurnnee. Los�reserve payments may na tanger be r�uired.at ihe option o��.e�der.�f r.loKgage insurange - � -1 ,
<br /> �� �' coverage(ia the amount and for t!:r�e%:ad that Lender requires)F•rati�ded by an insurcr app:�*���.'� �t�'dw'again becorr..� ° . �
<br /> ' ,�:p. avaitable and is obt�lned.Borrauec�r�:f pay the prrn::;�ms reyuired ta maintain mortgage intia�nce in efE;.:.��io provide a
<br /> +.,,;_.,�r�,: �';`, toss reserve.until the reGw:resner.4 for r.toRgage i:sti:��ce enda in accotdance wilh any wntten agreement�e���n Borrower
<br /> . - '.`' � ,�. • and l..cnder or applicuble iaw.
<br /> � '" '" ,'�.� 9. laspectlon. Lcnder or i.��.nt may makc rca�anable cntries upon and inspectiori.y of the Properly. l.endcr shall
<br /> ;rY'i��.,..,., . , r,
<br /> '�"= �� give Borrower notiee at the time of�:prior to an inspectiun�pccifying reationable cause for the i.-:pection.
<br /> ��-_r��.c��.. :
<br />. � '.._� �:.w,_`�, t0. Condemnatioa. The prateds ot'uny.iward or claim f��r duma€es,direct or conieq:��tial.in connection whh siny �'��'
<br />_ • _ _ Singic Farnity..Fannk Mae/YreQdir t1u UVIFpR1f I�ISTRI'N�:�T�•Unifortn Coviceant. 4l90 rpu.ee 9�,J6 pqqe.al ' .
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<br /> fitaS Idt[!Nullnees FunM.lnt.�
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