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<br /> "—'���'� periods that lx�dcr nyuircw. Thc inxuranre carrler providing the insuronce xhall bc clu�un by Barrowcr subj la Lender�
<br /> °��"'�^�"°`��'��"'`�� upproval which tihull not be unrcasonably withheld. If Burrowcr fadr�a muinluin caveruge de.�crfbed ubove,Lendcr tnay.w
<br /> ,,,�,,. Lender ic aption,ohtain covcrugc to protect l.ender's rights in the Praperty in accordance wllh parograph 7.
<br /> ��., �- ';: All insumnce policies und renewulg Rhall be acccptablc�o Lender and shall include a xwmdsud murtgogc clauu. L.¢nder
<br /> �� " ° ' -* �• shall hnvc Ih�right tu hold the policies�xi renewalx. If l.ender requires.Borrower shall prornptly give to l.endcr all receipts
<br /> '�' .~ �•���y of paid premiums und rrnewul naices. In the event of loxs,Borrower Khall give prompt natice to tf►o in�+urance cairrier wd —
<br /> � ` Lendcr. Lcnder muy makc proof af lovx if not mude m U b Burrawer. �
<br /> . . • .n Pro P Y Y
<br /> �'��;'�����-� Unlecv LcnJcr and Bartower otherwise ugree in writing,insur+uue ptaerda,hull be upplied Iv rc�wru�iun ur rep�ir of c_____
<br /> ;� ' c�:•�• �•< < �he propcny damag��d, if 1he restomtiun ur repuir ia ecunomicully fea.cible And Lenders aecudly is nut lessened. If the
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<br /> ,� rer:totutian ur nepair ia nat ccanamicully feasible or Lenderg ucuriry would be le+scned, thc insurance procceds shall 6e
<br /> �".;;�N� �'�"���"� upplied to�he xumti �ecured by �hix Securily Instniment, whether or not thrn due. with uny excess paid to Borrower. If
<br /> ..<;,.,...;,,�,.,�;,. Bortuwer abandunw ihe Property, ar does na answer within 30 duys u nwice from Lender that the insurance carrier has ___
<br /> ,� ,;� .:,-, offered ta�etde u cluim.�hen Lender muy collect the inaurance pmceedx. Lender muy use the pmceeds to�+epair or restoro
<br /> � � .�`�,,. . � , thc Pmpeny ar ta pay sums secur+ed by thls�Seruri�y Inatrument,whether o�nat Ihen due. The 30-day periad will begin whrn
<br /> --_ .�. . �he notice ia given.
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<br /> .,, ,k�,,,.._ Unlesg Lender and Borrawer a�henvi,e ugrce in writing, uny upplica�ian af proceeds to principal shnll not extend or
<br />-- .;_t., , poatpone the due date of the monthly payrnentz mferred to in parngruphs 1 und 2 or change the wnaunt of�he payments. If
<br /> _.�. ° • un�ler parograph 21 the Propeny ix ocquired by Lender. B��rrower. right to uny insurance pc►licies und proceeds rcsulting
<br /> ,�i►�.,.a_...,,�x�i�; � from damage to the Prapeny p�ior ro the�►cyuisition shall p�.ss to l.ender to the eztent of the sums secu�ed by this Securiry _
<br /> -=� =�� ,<. In,iroment immediatcly prior to�hc uryuisition. --°�- -
<br /> _,�;�� `;,; 4�•� �, 6. Occup�ncy, Preservqllon. Mwlnlenonce and Protection of the Prope�ty; Bon�ower's Lopn Applicatloni =-_ —
<br /> - " ----""'"�"�`t'• I.enseholds. Bortower sholl occupy,eslublish,smd ure the Property uti Borrower s princip�l rexidence wilhin sisty days after -- --—
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<br /> thr rxrculi�n�uf�I�i+Securlty Instrument und shall continuc to occupy the Property ax Borrower's principal trsidence for at
<br /> least one year after the dute af occupuncy, unlexs Lender otherwixe ugrees in wri�ing, which consent xhall not be �__�-
<br /> - unreasona6ly withheld,or unlesx extenuating circumtiluncex exist which are tmy�nd Borrower's control. Borrower ahall nat �:�ee;_
<br />: �� , : dextroy,dama�e or impuir�he Property,allow the Property ta deteriorute,or commit wusic on the Propeny. Borrower shall
<br /> ,,;_ � ^ � be in default if any forfeitu�e actiun or proceeding,whether civil ar criminul,i+begun thal in Lendcrs good faith Judgment �:'.�,t;-
<br /> , " � ^ could rcsult in forfeiture of �he Propeny or othenvixe muteriully impair the lien cres�ied by this Security Instrument or �.,,�.x,
<br /> Lender's security interezt. BoROwer muy curc.uch u Jefuult und reinstate,us pravided in parugraph 1 S,by caucing the uction �.�.�ai�.
<br />_ . or pruceeding�o be disrnisse�l wilh a rulin�z thut,in Lender y good fuith dctermination,precludes(orfeirore af the Borrowerk „a�r
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<br /> interest in Ihe Propeny or other muterinl impuitment of the lien crcu�ed by this Securiry Instrument or Lender4 sewrity
<br /> '• •- _ . intcrect. Bormwer shall sd.� he in defuuh if Bormwer, during the loun upplicutian process, guve muterially fnlsc ar ��'�'��
<br /> ' " ' � inaccurate informution ar slutements to Lender(or failed to provide Lender with any material informution)in connection with �"�
<br /> '" ' ' the loun evidenced by �he Nae, including,but nat limited to, reprexentutions concerning BaROwert occupancy of the �i;�3=.v
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<br /> `w,�,;,; property ae a principul residence. If thix Security Instrument i,on a Ienschol�i,Rnrrowcr shall comply with ull the provisi�nc �r';r-�;>L'•.`'
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<br /> ° ` _ �i of the leu�e. If Borrower ucywreti(ee�itie to ihe Propeny,�he ieasehoid nnd�ne fee[itie sh�ii not mergc uniess Lender agrees --'- `-
<br /> �j y to the merger in writinb. -- .-.--_
<br /> � 7. Protectton of I.ender'R Rigbls in the Pruperty. If Borrowcr fuils w prrfbrm �he covenan�� and agreements �-�=—
<br /> � � ' cantained in this Security Instrument, or there i, u le�ul pnxeeJing that may tiignificundy affect Lender's rights in the ��m� �_
<br /> • Propeny Isuch us u pra:eeding in bankruptcy,pn►liu�e,fur condemnution ar forfeiture ur to enfarce luw.r•or regulations),then �`"'''�
<br /> Lender mny do unJ puy for whatcver is nerescury to protect Ihe vnlue of'ihe Propeny vnd Lender's rights in the Property. ----
<br /> Lender's aclions muy include puying:uiy�ums aecureJ by u lien which hu�prioriry over this Security Instrument,appearing '^'�'�-'
<br /> �' � in couR,paying reasonuble uttorneys'fecti und en[cring on the Proprrty to mvke repairs.Although Lender may tul:e uction 1n`1'"-�_^�-_—
<br /> r.�� � � under this pamgroph 7,Lcndcr dck.not havc�o Jo so. a�+ig.3qy,�-�
<br /> , Any umounts disbuncd by Lrnder under thi. p;u�agruph 7.hull Ikcumr udditianal debt uf Borrower secured by this '�"
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<br /> • Security Inxtrumenl. Unles+Borrowrr and Lrnder agn�to o�hcr�enm i►1'p•rymem,the,r:unounts shall bear interetit Prom the �'`'•'�`��''�--
<br /> date of dixbursement ut Ihe Note ratr uml zhall be puyahle, with intemst,upon nuticc t'ram LenJer to Borrower myuesling �•�.`-��:s.'��
<br /> puymeut. :�:c;�,
<br /> ��� • . 8. Mortgaqe InsurAnce. If l.ende�reyuired mongage inxuraucc a.a condition �d muking the loan,ecured hy thiti -- --
<br /> ., Security Instrument, Borcower.hull puy the premium. reyuireJ k► mainluin the m�mguge insurunce in effect. If, for�ny r����'�
<br /> reuson, the mortguge insuronce coceruge reyuir¢J by Lender lup.es cir rrusr, to he in effect, Burrower shull pay the ..•.•.�,•:
<br /> premiums reyuired to obt•rin coverage .ubsi;m�iully cyuivalent �o �he mungagr in+urance previously in effert, at t�cust � ,"���_
<br /> , subrtantially eyuivalent 10 Ihc co+t lo Borrowcr ut�thr morlgagc in.urunce previouxly in rftert,from un ulternute mongage '_
<br /> ";. ' ' insurer uppmved by Lendec If+ubs�untially cquival��nt mm�guEc in�uruncc r�n-eragc i. nni av:+iluble.Borrnwer shull puy to ..�N�w�-�;'m
<br /> � � Lender euch month u sum cqual to onc-twrlfih uf th�yrarly mortgugr inwrancc prcmium hcing puid by Bonower when the , ',_,'�'�'�:.�'
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<br /> � insurance covemgc IapscJ or ceuud tu lx in efterl. LenJcr will uccepl,u.r anJ rctuin Ihr.e�aymcnts us u lu.s reserve in lieu ' � "'��
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<br /> . . ' , of monguge inxurum:e. Loxx rc.ervc payment�muy nu k►ngrr ik rcyuircJ,ut �hr uptian�►f Lrnder,if nwrtgagr insurance . - :
<br />. • coverage(fn the umnunt und i'or the period that Lender rcyuircsl provided hy an in,urcr upproved h�•Lrnder uguin Ix:comes
<br /> � , nvuilable und ir oblaineJ.Borrow�r�hull�ay the prrmium�rryuired tu maimuin mun�u�;r in.ur;mcr in ct'fert,or to pmvide u
<br /> lo�s rescrve,until thc myuirrment for murtguge inxuruncc erxi.in arrord�nce with •rny�vntten ugrer�mnt tktwcrn Burrower �
<br /> , „ und Lendcr ar applirublc luw. �
<br /> 9. Inspecliun. LrnJrr ur il.agcnt may make rra,unnhlr�nair+u�xm:uiJ in.�xrtiu��.ut'ihe Prap�ny. LenJer�hall �:
<br /> give Borr�iwrr notice at thr timr uf or pri��r tu an in.�kr�iun,�xcif��ing rra�onablr rau�e t'ur the im�xr�i��n. ` •
<br /> ; 10. Condemnaliun. Thc puxeed.uf an�•:��s:�rJ ur rlaun li�r Jam:�gr,.Jinrl ur runx yurnlial.in runnectiuit with any
<br /> Xmglc Prmdy..Faonle�lue/Freddfe�tuc l\IFIIR�t l\tifRl�1t:\'1'..l ndnnn(l,�rnann 4�9D i�n��r+,d•�i��ir,�
<br />� � ,_ ' ��rcal I.in Huaa+,fonn..Iw � .
<br /> fu IhNV lall. IAID53aN.'1D8 l'FAt 61147RI�1 I71 �
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