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<br /> - � 6. Occup�ncy. Praervallou. Malatea�nce ud PrMectbn ot the PropertYt �� -
<br /> Lpaebo{dr. Borrower�11 occupy.�wablish� and use the Proper�y as Borrower's principal residence wi�hin sixty d�y� �, .. __------^
<br /> � aflar tbe asecut�on of�hi�Socurity Instrument and ahall continue co accupy the Property ws Bar*ower'a principal re�iAs�e --
<br /> '� for at le�st oaa yar�Rer the dat�of occup�ncy�unlacs Lender olherwfce a8rcea in wrltin�, whkh consent shaJl na be
<br /> ° uorcasonably withheld.or unle�eatenupting circum�wncet eaitt which arc beyond Borrower'�conuol.Burmwer ahail not
<br /> .
<br /> --�, " destroy,daau�e or lmpsir tha PropertY.�Ilow the Property to deteriorate,or commlt waste on the Property.Barrower shrll _ - _- _ --.
<br /> t be in default if any forfeiturc�cNon or procading,whether civfl or cdmfnal.is begun tiwt in l.ender's good faith judgment _
<br /> ' could rewlt in forfeiwr�e of tha Property or d h erw ice ma t e r i o l ly i m p a ir the lien crc.�ted by this Security Inslrument or Lentkr's
<br /> -�� �ur�ry ioterest.Borrower may cure such a dof�ule and rei�ewte.nc provided in parxgraph 18.by causing dK act�an ar --
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<br />�"° , . ' � , procoeding w be dismie�ed with a ruUn�that.in L.endcr't goad foilh daermiiwtion.Precludee fudeituro of 1he Bonawer's
<br /> ����u�Q propehy or dher mAterial impairn�ent of the lien created by this Securfty Inatrument or l.ender'$security
<br /> iu ss, ave materiAUy falas or in�ccurata
<br /> ' interest.Bortower shall alw be in defiult if HoROwer.during the loan applioatian proce B
<br /> � � � infornudon or st�tementa to Lender(or foiled to provide i.ender with w►y material infarnwdon) in connectlon with tho lovn � ---
<br /> � . � . avidet�ed by the Nooc, including,bu� �a timi�ed to,representationa conccrning Borcuwer's occupancy of the Property nts
<br /> + ' � a principal rwtdence.lf this Secudty Instrument ia on A lwsehold.Borrower ahall comply wi[h�ll the provisions of tht LeAse•
<br /> • ; � If Borrower acquire�fee 8tle to t4e Praperty,the lea:ehold�nd the fa tide dwU not mcr�e unless l.onder aQreea to Iht,
<br /> b � ma�er la w�tiag.
<br /> , • 7. Protectlon ot Leader'�Ri�hts in the Property. Ii Borrower faUa to perform the wvotwnts and e�gReements F�
<br /> conWnod in thin Soeurity Inauumcnt�or there is a kgal ptoceoding thwt itwy sjgaificAndy aff'ect Lender's�Ighq In dae L'mpertY �+
<br /> � .. . (such as a proceeding in bonicruptcy,probete,for wndemtwUon or forfeiture ar ta enforce lawa or re�ulacic►ag),thp►I�ander �- .
<br /> ' � mry do and psy for whataver ir na�sary to protect tho valua of the Property and Lender's dghW lo tht Property.l.ender's %•----^
<br /> acdon�may include paylag Any swns securod by e liea which hes priority over d�i�Security Insaument,appearing io couR, ��;;��_
<br /> ', ' paying reawmable anorneys'fees and enterlug on the Property to make rcpairs.Altha►pi►I.ander may takR actto�undar .r_;,-,-
<br /> � ' thi�pangraph 7� L.ender does aot lu�ve w do so. .r`�rT,R-;-_
<br /> Any amaunw diabursed by Lcnder under this paragraph 7 shwU become addidunal debt af Aarr»wcr secured by this
<br /> . Socudty Inotrumeat.Unless Borcower smd Lender agcee w othor terms of payment�the�e amounts.sholl bear intercst from ,�,.A.�:�.._
<br /> the date of dicburaemera at tl►e Nota rate and shaU be payable.wlth intere�t.upan notice fmm l.e�to Borrower requeadng ;-,,::�,::,,;_
<br /> MYmeat. � :
<br /> 8. Matg�e L�wnnee. If I.ender rtquired mongage inwrence as a wnditian of malcing the loaa secured by this ..�rt„�..
<br /> Securlty In�tn�ment,Bortower shoU pay the premiums cequired w maintain the mortgage insurence in effect. If,far any =
<br /> r�ea.son.the mortgage insuranix covernge required by Lender lopses or ccases w be in effect.Horrower�l�all p�y the premiwns _,:=v�'�. .% -
<br /> �--- -- required co obtain coverage subrtantiatiy�uivoient to thc mortgage iasusaace prevl��ly in effert.at a cost substar►daUy «;,,_:.:.�.�-
<br /> equivalent to the cost to Borrower of the mongAge insura�ux previoudy in et3'ect,from an�ltem�te monBage inswer approved __ ,��s�
<br /> by Lender.lf substantlally equivaknt mortgage insurana covemge is not available,Borrower ahall pay ta l.ender each manth ��������
<br /> a sum equal to one-twdfth of the yearly mort8ege insurance premlum being p4id by Borrower when the insurance coverage
<br /> � lapsed or ceased to be in effect. I.ender wiU accept, use and retain these payments as v loss reserve in Iku of mortgage �:�.w,,.�,�-_-
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<br /> � inaurance.Loss rcserva payments may no longer be required,at the option of Lender,if mortgage insurance coverage(in ;�,�sl�
<br /> � the amount and for the period that Lender requires)provided by an insurer approved by l.ender again becomes available �i���'�'�.:'�-_
<br /> s�nd is obtained.Borrower shall pay the premiums required w maintain mongage insurance in effect,or m provide a loss [�y.L•.'1,�����'.��._
<br /> reserve, until tFie requirement for mongage insurance ends in accordonce with any written agreement between Rorrower � �
<br /> • s+nd Lender o�appNcable law. �
<br /> ,. 9. In.cpectlon. Lender ar its agent may meke reasoneble entries upon and inspections af the Property,L.ender shall ,
<br /> give Borrower notice at the time of or prior to un fnspection specifying reasonable cause for the inspection. „
<br /> ' 10. Condemnatlon. The praceeds of any award or claim for damages,direct or cunsequential,in connection with
<br /> any condemnation or other teking of any pan of the Properiy,or for conveyance in lieu of condemnuian,are hereby assigned '' ��_ ___
<br /> and shall be paid to Lender. � .-. . ,:_:_
<br /> In the event of a total taking of the Property.the proceeds shall be applied to the�umc secured by this Securiry lnstrume�t. -. ��:��__
<br /> whether or not then due,wi�h any excess paid to Borrower.1� the event of a paniul taking af the Property in which the � .;,
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<br /> � feir market vuluc of the Property immediately before the taking is equal to or greater thun the amoum of Ihe sums secured � , _
<br /> � by this Securiry Inswment immediatcly before the taking,unless Bnrrowcr anJ Lcndcr utherwise ugrec in writing,Ihe sums ,r_,,�
<br /> secured by this Securiry Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction: . , -°-
<br /> • (a)the rotel amount of the sums secured immediately before the taking,divided by(b)the fair ma�ket value of the Property � a�_
<br /> • immediately before the taking. Any balance shall be paid to Barrowcr. In the event of a partial taking af the Property in • •�••:..�:�:.
<br /> which the fair market value of the Property immediately befare the taking is le�s thun the am�unt of the sums�cured im• .,.t.�,
<br /> mediately before the wking,unless Borrower and Lender otherwise agree in writing or unlcsa applicable luw uthecwise pro-
<br /> � vides,the proceeds shall be applied tci the sums secured by this Security Instrument whether ur nut the sums are lhen due. �
<br /> If�he Property is abandoned by Borrower,or iF,aftcr noticc by I.ender to Burruwer that the mndemnor offers to ,
<br /> make an award ur settle a claim for dnmages, Burrower fails to respunJ to l.endrr within 30 dayy aRer the date the r.^!ic: �
<br /> is given,I.ender is outhorized to collect and upply the praceeds, �t its opti�►n,either a�restorution ar repair uf the Property
<br /> or to the sums secured by this Security Instrument, whcther or not thcn due.
<br /> Unless Lender and Barrower otherwise ugrec in wri�ing.any uppliration uf pr�xccds u�principal shall nnt extend
<br /> • or pnstpone the due date of 1he monthly p�yments�referred to in par;�gr•rph� 1 anJ 2 ur changc thc amount nf wch payments.
<br /> 11. Bor�rower Not Rekased; Forhearance By l.ender Not a Wuiver. Eatensiun �d' thc ume for payment or
<br /> ' modification of amortization of thc cums secured by this Security Instrumcnt gruntcd b}• Lender to any wrcessor in interest
<br /> of Borrower slwll not aperate to rcleasc the liubility of thc original Borrawer ur Borruwcr's ,ucccssors in interest. Lender
<br /> ahall not be required tu commence proceedings aguinst •rny successor in interest ur refu+e t.i extend timr fur payrnent or
<br /> otheswise madify vr►ortiz�tion of thc sums secured by this Securit�•Insirument hy rca..un uf any dcmunJ made by the uriginal
<br /> Borrower or Borrower's successors in interext. Any forbeuranrc hy l.ender in eticrri+ing any rigM�►r remedy ahalt ncu be
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<br /> 12. Successors and Assigns Bound;Joint And Se�eral l.ipbflity;('o-+igncrs. The coven•rnt�und ugrecmentx ut
<br /> thi.�Securiry Inslrument shull bind anJ brnefit the.ucce+siirs•rnd a+sign.r ui Lrndcr and Burn,wer,�ubjcd lu thr pr�wisi�ms
<br /> uf paragraph 17. Borrowcr's covcnsnt�anJ ogrermrnts sh�ll tx i��int nnd>cveral. Any Barrow•cr whu tu-+igm thi.S�curity
<br /> Instrument but does not eaecute the N�Ne:l•r) is cu-signing thiti Securuy In.trunxnt unly tu mungugr,grant anJ runvey that
<br /> Rnrmwer's interest in the Prupeny under the tcrma of this Security In.trument: Ihl i� nut�xr��mall�•abligat�tif to pay the
<br /> sums secured by this Security Instrument;und(cl+�grees thut Lemicr and any uihc� 8uu����c� �u�y .�grt� to:x:cr.d, rn�nlif)�,
<br /> forbear ur make uny s�ccommodauons w�th rcgarJ to the terms uf thi.Sccurn� In�trumem�rr thr Notc wnhaut thut Bnrn+wcr'.
<br /> consent. ''
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