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<br /> .j.lA�Gt�O�QII�O�iD COYCti�G t0�IOtCC[j+pIdCFS t1�M51R t�lt�l►UI BCCOII�IIOC�t�!�RgWp17. ,
<br /> • All iasurnnce pdicies and imewals r,h�ll 6e xcxp�bk to Lender and shatl include a starutaird mortgage ctpuse. t.ender
<br /> sM12 Ifave Yhe right w hoid tlie policies and t�wals. ff L�ader aquires.8uiroarer sAatl P�P�l�Bive to teuder ail ceceipts ' .
<br /> - -- e.f.�.,:.i !�q ��_tIIIbG tYlnL�lOSS.�QIIS6ta[S�I�IYG rwirr tn tiv inc�nsanM � _
<br /> - - - - _ - - � � - , �-------- -- - ARIG[8�
<br /> . Lender Lender may make pmofof loss if norm�cit piompttY by Bonowa. _
<br /> . Unkss Lendor and Boimwer otlkn�vise agroe in writing.insvr.uut pcoceeds stial!be apptied to restontion ar nepa'v af �
<br /> the Ps+a'Feetg�•if th�i�t oc re�air is ecawmipfly fe�sihtc�nQ l.coder's secvrity is aot tesseaed. tf thc
<br /> � , testo�tion or�epair•is na eooaamically fr�sibie or Lender's security would 6c tessensd.the insurance prooeeds sba11 be
<br /> .. sppiied to th sums savrcd by this Securiry Insu�unen�w6uher or na clxn due.with aay excess paid to Barrow�er. If
<br /> Barowa aWndons �he PtnpeRy.or does not answer within 30 days a no�ice from Lender that the insuranoe carrier has
<br /> offaed to settk$cltim,ttjen Leader may colkct the insur�nce proceeds. I.cnder ma�r use tbe proa�ds to r+ep�ir or restae -
<br /> - the PmFerty►or to pay sums securrd by this Security Insuument,whether or not then du� Tl�e 30�day period wil!begin wha�
<br /> - the nutice is g�vea _.
<br /> Unkss I.ender and Bamaa otiter�!ise agiee in writing.�ny applicution aE pcaceeds fu psiacipal shal!not extend or
<br /> __ Qostpone the due date of the motu(ily�p�ymrnts:tef'r�ii�d to in P�i�I��af c[range the amount of the pay�nents. If
<br />= ' under puagraph 21 the Pnaippr'#�y"=is��oquired fiy isrndec*Boitaw"ec'�ci�AE��y ns�u�atsce policies attd p�oce�ds i�ulting —
<br />--_ - fsom dunage to the P�pbiiy}uior tn ilie acqaisitiasi sEat1 p�s.s.tu Lardec tcs the e�t oBtLe surrrs s�are�€bg d�is Se�a�itp .
<br />���... � -:Gqspva�eot imanediately pruiitn thc acquisiuon. `
<br /> � _ :•;6i�..�a�q, Pnserv7lHon, Maintea�nct aa� PlCUtec[foa 6B(fie"P�opert;�;"Bo�[ustr'S�I.wn App�;
<br />�,� L:e�td�Borrower shall aCcupy,establish,and use the Propect��s�.�¢owe;�pFa�cipaE iesiden�aithhi siat3►days afl�r .-
<br /> :�� :���dn of this Seeuriry Tnsnument and siiail eontinue ta axapf x&!'ioperc�r"a�Boamwet's"p�incipa!res�foc at =—
<br /> , ' =�t one ye�r after'the date of unless Lender otherwise a
<br />- '` �`',ti..::<::.' . . gnxs in writing, afiici�,conseut s{�all aat be . . ---
<br /> f �measonablX withbeld.a unkss e�ctmu�a' g cireumstan�s c�cist whieh aee bayaqd Baimwec�roai�u'!�,Barroaersi�alE,nat. .� ---
<br /> -. ':-�. '8estnoy,d�age or impair tl�e Ptoperty.�itow the Ptoperty to deteriorate.as comaiit�r�su on the�'tapeity. Barawer s1�af� ;"�' ` -_
<br /> -:u- be in defaalt if aay,farfeiume acti�ar proceeding,wf�eiher civ�l or criminal,is beg�t[�at in Leridei�good faiih jqdgRnmt::•;�::-.;„�:' ---_
<br /> pr cee
<br /> �'�A"` . caald resute in�xfeiturs of the Ptapaty c�adiawise materially impait tbe lia�c�ted by this Securiry Instiwm�t.��-� , �`
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<br /> L.ender's security interes� Barrower may cune such a default and nei�state.as prot�de��paragaPh 18t by causing tb�aixiog:� �, . ��Y-
<br /> `. ar p r o c e e d i ng t o 6 e dism i s s e d wi t t�a r u l i n g t ha�in L e n der's g o o d fait h d e t e n ninan`co��rec lu d es fo r fe�ture o f t h e B�eF� _ ��`'�w.?;�:�
<br /> interest in the Ptnperry or'aher material impaim�ent of the tien created by this�Se.-drity InsTrument or Lender's�iit� - .-.- _:'" `-
<br /> ' - interest. Borrower shall also be in defauIt if Borrower.during the loan application process. gave macerially false or !.,�.�:`"m�
<br /> � inaccurate infamatian orstaterrients to Lender(or failedto p�ovide l.ender with any rnateria!information)In connection with - -;:f��
<br /> • •,• ��;.' the loan evidenced by the Note,including. 6u1 not limited to. representations conceming Borrower's occupaney of the '��� t� ' �,'°�=
<br /> � - Ptoperty as a principal resideace. If this Security tnstniment is on a leasehotd,Barrawer sha11 comply with all the provisions ":-'"� �
<br /> af the kase. If Bortowerac�,ures fee title to the Property.the leasehotd and the fee title shall not merge uNess l.enQer agrees :- ��`�:r,�-
<br /> � �rc cbe merger ia writing. �' . ^Y�-
<br /> - 7. P�on ot Le�es's Rig6ts in the Property. If Bortower faits to perform the covenants aad agre�menu -.h <. '.. ,��
<br /> ' �vatalned in this Secur6cy �irstcument,or there is�legal praceeding thac may significantly affect l.ender's rights in the ";` �
<br /> ' :• Pyvptrty(such as a ptoceai�ng in banlQUptcy,probate,far i;ondemnattan or farfeiture or to enforce(aws or regulations),then ',;'�:�-``- .�
<br /> - _ _ ...�>.�� Lender may do anQ psy faz whatever js necessary to protr.ct the value of tt�e Property and l,ender•c �.�':=�- ;�
<br /> ,. rights in the Praperty. :_ --t.-.;.-.
<br /> _.;�,q.� .: Ixnder�s actions may inclac�e paying any 5ums secured by a lien which has prioriry over this Securiry Instrument.appcaring � • �`: .
<br /> - ��.,�• � in court.paying reasona6le auameys fees a�d entering on ths Property to make "rs.Althou l.ender ma take action - �` : �
<br /> �' � `�'"x' �_ underthis � P� Y . ,,.,•,�
<br /> paragap h?.l.e n der does nos have ta da so, �,�.
<br /> •:��'�.s�:�`�; My amoun�g disbursed by Lender under this paragraph 7 shaU 6ecome additiana!debt of Borrower secured by this � F � �
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<br /> S e curi ty lns t r ument. Un less Borrower an d L.en der agree to ot her terms o f payment.t hese amounts s haU bear interest from the -
<br /> ' date of disbursement at the Note rate and�hal!be payabte.with interest,upon natice irom l.ender to Barrower requcsting � � � ,. -�
<br /> �,;---
<br /> , , �a�Mortgage Insara�t. If l.ender required mocr�a�e insuranee as a condition of making the toan secured by this � :F.
<br /> •�L,� • Security Instrume�t. BaRO�u shall pay the premiumy r�nired ta m�intain the morlgage insurance in effect. 11,for any ` .`��;�:.
<br /> •�',�� q.�`�=r�• reawn. the mortgage in5ura^ce caverage �ryuired by l.ender laps�s �ceases to bc in effect. Horrawer shall pay�thc � ���,=�
<br /> '�;`;f' �_ �'� :�;�=F�`, , . gremiums required to obtain coverage s::ix*.antially equivatent ta t�e r-,mgage insurance previously in effect. at a cost
<br /> . � .�..���
<br /> , . �•.u,�; �:.�stantially equivaIent to ttTe Fast to Borrower of thc mortgage insurs�cc previously in effer�.ftom an altemate mortgage • �-�"��
<br /> .�- '•.;;��,''' �im�rer approved by Lender. ff substantially equivalent mortgagc insutanca covera�e�s not available.Borrower shall pay to ' a '" -
<br /> - IIt�nder each mantb a sum ec{ral to one-twelfth of the yearly mo»�age insurance premium being paid by Borrower ahen the .� ' _-
<br /> ' insurance covrr.a�e lapsed or ccased to be in effect. l.endcr wili Accept:�:<:and retain thexc payments as a loss reserve in lieu � . ��_--
<br /> -� of mortgage icssurance. Loss reserve payments may nU lnnger be rr.�c:-xS, at the option of Lend.R.if mongage insurance ' • ^�'°-�
<br /> .��.... �
<br /> . ,.��`� caverage(in tP.�amoun�and for the period that l.endcr rcquire��pro::v:�by an insurer approved by Lender again becomes � _ • ' � ''� `
<br />� �� `��.'�r,� availabfe and ls obtained.B�rrower shall pay thc premiur::r�yuired to r.�xintain mortaz;e in�urance in effect,or ra provIde a � '
<br /> , L�`���.�:.^ tass reserve,until the requir�a-fent far martguge insurance c�r�s in accohiance with�.T.y�:�ciuen agreemene betwe�:!-Borrower �.>� •t"� � ; �
<br /> . , �d I.ender or x�,plicable 1::.: ,�. � t�.»
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<br /> • •w. � 9 I n s g e r t'�fln. L ender as ita�gent may makc rcasonable rntrics t�,xm and insyections��i'the Ptoperty. Lender sha11 � '
<br /> • ° r� give Barraw-e,re�:ce at ti�e time of orpriar to an inspestirm specifying reasonnblc rauxr far�hr in�pr4t:on. - •
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<br /> t , : ; �: ,.,, 10 Caude:ranatloeE.`'F'he praceedti of any award or cl:�im for damage�,direct cr cansequential.in rannec�inn with any [ •
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