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<br /> � � 16e�uraox sAw1E be.c�cren � ���w � <1► �
<br /> •. periods�c Lenda�neq�ne�..7be i�waaae c�tirr pe+�vidia6 bY �
<br /> ° �ppc�ov�l whic6 aldl eot be uera�sa�abty withbetd. U 8arrower fiils to tn�int�in oove�e dacr�ed abovG Lsoder lmr�.at: ' • . <
<br /> � Lender�cption,cbain caree�e ta p�v�ect 1.eederk n�ts iiri th�P�opatY Iu ad�oc+d�noa�rkh p�apaph 7: , , :
<br /> . AU in�u�nce pd�aa sad miewats a6�ll 6t aooepnbk to L�eeder�td s1�U b�ctude a�mottEs�e clau� I.a�de�r. �`_ '
<br /> • eiW I h�ve the ri�ht to laAt d�e pdicies ir�d creewaTs. If Lender�qui�es.Barrower sball P�Y S�ve w Lenda all raaeipti
<br /> , of pdd p�amNnra and une�vsl notices. in�e evem of bss.Bonvwer slnl!give pianpt no6c�to tbe�nuwooe arria tod �
<br /> _ E�dider. �.etder mq m�i�e prouf of locs if»ot mide P�omptiy by Barrower.
<br /> - 1Jatess t,eedec,a�'Bana�wes oti�etwis�e ag�ee in writa�g,it�aro�fce proceeds shaii bc sppTiod to tesdo�tion ar iep�tr.ot ° � -
<br /> ��Y�u8�if the�staadao a tepir ss aronomIalty fsuibk�d Lender�s secunty is not kssened. If tbe
<br /> testasation ar_nep�ir is notecaaomical{Y fetsibk ar l.endet's secatity wwtd 6a kssrned.the insurmoe p[oc�eeds sWU 6e . .
<br /> �pptied w U�e sums sawed by ttis Se�.'uriry Inst�uaktn.w6echer or not tha�due,w+th any excess p�id to Boriower. IE .
<br /> Ba�owa�the PtopERy.or does nat answer witl�in 30 d�ys a tatice f�um Lren�er d�the mwrimce cartiet bs�
<br /> . , oEfered w aeuk a clai�n.ti�rn.t.eadermsy solkct tlrc insurance proceeds. l.eader may ust the p[o�ads ro t�epair or ralae�
<br /> ' the ptopaty a w pay sums secu�ed by this Securiry Insaument.whether a ax then due. 7Ue 30�day period vrilt begm vrT�an
<br /> the no�cx is g�ven. `
<br /> Unkss Lender 9nd Sarovra ot6erwise agroe in writing,any application of pmoads[o principal shal!not ext�eud ar
<br /> poctpaie tbt due date ot the ma�thlY WY�s ret�med to In puagraphs 1 atd Z a cf�angc thc atetx�nt of tUe payments. If - _-
<br /> � unda p�s8rapb 21 the P�aperty is acqwred by Lender.Barower�s tight W arty i�x policies and°poceeds rcsuTtmg
<br /> firow dau�ge to tl�e pmpecty prior to 1he acquisition shall p�ass to Lender to ttZe extrnt of the swns sa:utrd by this Securiiy
<br /> insaument immediaoely prior w theacq�iu�tion.
<br /> i. OccrpwcX P�+e�ervatlon. MsiNe�ce �ud protatius d t�e Pt+operty: Borrower's.I.u�u� Applicatio�;
<br /> _ I.ea�eiNis. Boaower shsU axvpy,e�aMish.and use the Propeny as Rorrower�s principai res�daut within si�cty days nfter .
<br /> the e�ecatiun of this Socurity Insuuma�t and sbap continue to axdpy the P�uperty as Batoarer�s principal�sida�ce tor at
<br /> � �. la�st ane yru aRer the dote of occup�nc,y,,unkss Lender atherwise agms in writing, which consenc sball na tu � _
<br /> urme�san�bly withheld.ar uaiess eutenuuing cucunutances e�iist whkh�ne beyond Barnwer�cantroi. .Bonaaer si�all not
<br />__ _ destnay.ei�un�8e or impa�ir t1�e PtopectY•altow the Propecty to deteriorate.or cummit wasu on the Pfropetty. Barower sMll
<br /> -- be in defaalt if a�ry forfeiwre actian a p[ocading.whetber tivil ar criminal.is begun that in I.enderls goad faitb jndBmeAt
<br /> cautd nsult in forfeiture of ttx Roperty.or aherwise materialty impair the tien cn�ated sy this Sec�uiry lnsuumait a
<br /> - Lender�s security interest. Banowu may cune sucli a defauttwd eeiastate,as pmvidcd'm patagmph!8:by causipS d�e action
<br /> • or pcncoeding to be dismissed with a ruling that.in Lender's good faith detem�iaatio�.preclodes forfeiture of the Bom�waY�
<br /> = _ interest in the Ptopecty or other material impaim�ent of the lien created by thIs Securiry/nstnmunt or Lender's.securily.
<br /> -- < interest Bonawer shall also be in default if Bormwer.during the Iaau applicaciat pracess. gave mater+alty false�a � -
<br /> inaccurau infonnadan or statemrnu to Lender tor failed to provide I.endcr with any matcrial infartnation)in connocttan with �
<br />-., the loaan tvidenced by the N�ote. including,but�ot limited w,�esentations conceming Banawerls accupaney oF tbe �
<br /> A
<br /> `�•. Ptuptrty'as a principal resi�lence. If this Stauity LrsuurtKnt is on a leasetwld Bom�wa shall canpiy with all the p�ovlsions
<br /> � of tbe kase. If Borrower acquines fee tiUe to the Property,[he leasehold and the fee tide sh�il not merge tu�kss L,ender agaoes.
<br /> to the merger in wridng. .
<br />- ?. PrMcction ot I�ender's Riaht� in the Property. If Barrowet fa�s to perfom�the covrnants a�rd.ag�eenraots
<br /> cantaiiKd"m this Security Instrument,or therc is a legal proceeding that may signifiqntly affect Lenderis rights in tbe
<br /> -_ . ` Pmperty(such as a proceeding in bankcaptcy,probate,for caidcmnation or forfeitune or to tnforoe taws at nguT�tions).theo
<br /> - [xnder may do and pay for whatever is necessary to protect the value oP the Property and LenJer's-rights in the propecty.
<br /> Lender's actions m�y include paying any sums setnred by a lien which has priority aver this Secarity}nstru�nent,apparing
<br /> 9n caurt.paying reacoaable attomeys'fees and entering an[he Praperty ro make rzpairs.Atihoogh Lender msy talce actiai
<br /> nnder this patagaph'7.L,ertder dnes not have to do so.
<br /> . Any amount�disbursed by Lender under this paragraph�shall become additional de6t of Borrowet securod by tl�is
<br /> Security inst:umen� Untess Sorrowec end Lendcr agrce to other tertns of payment,these amounes shall bear inter�st from ttre� �. •
<br /> date af disbursement at the Note raee and sha11 be paya6le.witb interes�upan naace from Lender to Barmwer nequestina
<br /> - - payrncnt. -
<br />_ ' • � Mortgage Insacanee. Ii f.ender required martguge Insurance aw a candition of mak3�g tlie tow sr��d by this
<br /> . � Secudty instrumen�Borrawer shal! pay the premiums required to maintain the martgage ir:s�-aace in effe� �tf.fot any •
<br /> ` • ' ' . teason, dje martgage insivance coverage required by l.ender ta�+�.or ceasea to be in eEc�,Borrower shall pay t� .
<br /> .„ prem:�required to obtain covemge substandalty equivalent tm e f: mortgage insurance �ir.�sly in effect, at a cos�:
<br /> ,, substart:�[y�+equivalent to the cast ta Aarrower af the ma»gage inaurance prev:�asly in cffe�C�m an a:.es�nate morigagt .
<br />-= insurer a�pmved by l.ender. if xubstantialty equivalent mortgage inswrance ccs����e�y nat avaiia6lo.Bonb�er shal!p�y to
<br /> Lender each mantl�a surn equal ta ane-twelfih of the yearly mongage insura.�sa�.emium 6eing paid by Barower when the
<br /> insurance ooti etage lapsed or ceased ta be in effect. Lender will accept,use as:f1 rGwin thexe payments as a loss reserve in lieu
<br /> � of moc�_��iscurance. L,vss rescrvc paymenGv may na langer be rec�uimd.a�ske option of l.ender.if mortgage insurma
<br /> - covera�4 tur,::�e amoua�and far the penud that Lender reyuires)pra�•ided isy a��surcr appresved tsy Lender again becoaae�':
<br /> �availaMe`�:d is obt��orrawer shall pay tho prcmiums rcquired to mairsaaire rr,artg:+ge irnurance in effect.or to provi0�c'...
<br />: �oss reserve,untll the requirement for martgage insurance ends in accordance airh any written agreement between Borrv��r
<br /> ° and l.er�,°s or applicablc law. • -
<br /> -- -- � � �spection. l.endcr ot its age�t may makc rezu�nable enirie.ti upan und irespections of the PropertF. £,�nder s!i�e_ _
<br /> give��ler notice at the time oY ar priar to un 9nspection specifying rea�;onable cause for the inspection.
<br /> " 1!:S.ondemnation. The prucceds of vny award or claim fur damabey.dlrect or canseur�er,rias,in ran�ectlon with miy
<br />� . • 5tnglc Family..kannk SlsltfFreAdb{t�e l;h1Y()R.�t 1115"fA1;�tE�7'»�aiform CcsvenanL� 9:9Y,lp�rgr3 oj6 paRne) -
<br /> . Geat tates[t�e Pa�,hc.■
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