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<br /> "'�,'," � �..., 6. Occupoacy,Preserv�tioa. Mointerumce aad Protecllon o�the Property: Borrower's Lonn Appllcatioai
<br /> ,�,-."�'i�a'�.=�;.• l,aueholds, Borrower sh�ll occupy,establish.and use the Property iu Burrower's principnl reridence within�izry d�ys
<br /> _ - �,�--,�° � eher the exeeution af this !3ecu�ity lnstrument and shall continue to accupy�he Properly as Bonower's principol redcknce �- -
<br /> . �h"'r;� iF� ��Y for at leas�one year oRer the due of accup�ncy, unless Lender otherwf�e��rces in writin�, which conient�11 not bc
<br /> ,, ��..r�•���•, .�.�.� unreaionab{y withheld.or unlessoxtenwdnQ circumqanees exiat which are beyond Borrower'�control.Borrower sh�ll not
<br /> :' i �' ! de:tro .d�rtw e or im 'r the rty.tllow the Property to deteriorate.or commit wasto on t!u Propeny.Horrower slWl
<br /> °`- ' ' be in�Fault if any forf ie�ture ae�o on r procxdlnQ.whether civit or cd�nleal,la begun thut in Lender's�ood faith judgtnetN
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<br /> -��;;�,,,;,;�.;' could rcsult in forfeitura of the Property or otherwtse materiWi�imp�ir the iien ecratod by this Securlty Ins�rumeM or Lender's �
<br /> �� ,��.•;v� ?'�� ,g; aceurity interest. Barrower muy cure such�►defiult and reinsuue,as provided in par�graph 18, by causing the acUon or
<br /> � - proceedin�to be dismissed with�rulio�Itwt,in l.ender'e�c�ad f�ith determinetion.preeludes forfelture of the Borrower's
<br /> '?°'o�' ��r����'`� interest in the Property or other mrterid imp�irment of the lien created by thi:Serurity Inatfument or Lender's�ecurity
<br /> __� � ��`'��• �` interest.Borrower sholi�Iso be in defxult if Horrower,dudng the loan application pracess.gave materlaliy false or inaccurAte
<br /> ''• infornwtion or swtementc to Lender(or failed to provlde L.ender wfth any mate�i�l lofornwtlon)in connection with the Iwn
<br /> �+.�:: .� ,•• ;, '� evldenced by the Nate.including,but not limited to,ropretentations conceming�onower's accupw�cy of the Property oc
<br /> � }. ; , a principal residence.If�his Sxurity Instrument is on a leasehold,Borrower shall comply wlth all the provisions of the lease.
<br /> C' . ...� If Borrower acquires fa ti11e to tho Property,the leacehold and the fee t�Ue chall not mer�e wdeu Lender t�rcer to the
<br /> - --�- ,.y:�: _ �- mer�er in writin�. - • -
<br /> � 7. Protectioa of Leader's RiQbts in t!rc Properly. If Borrower fails to perForm the covenants and Agraments
<br /> � contained in this Secur�ty Inscniment.or ther�e is a leg�!pracading that mwy significantly affect Lender's dght�in the Property
<br /> � (such as a procading in bankruptcy,probate,for condemnat�on or forfeituro or to enforce laws or reguladons).then Lender ___-
<br /> ., .. :°.,,,_ - may do and pay for whatever ie�ry to protoct the value of the Property�►d Lender's dghts in�he Proparty. I.ender's
<br /> : , . , net�ons may include paying any cums secured by a lien which h�prioriry over this Savrity Instrument,wppearing in court.
<br /> ., pwyina roasorwble anorneys' fas and entering on the Properry w m�e rapa�rs. Althou�h Lender may take action under
<br /> ` • .,�^ thia pangry►h 7, l.ender does not have w do so.
<br /> -- " � Any amounts diabursed by l.ender under this paragraph 7 slwll became addition�l debt of Harrower securcd by this
<br /> - • - � Security lnstrument.Unless Barrower and Lender agra to other terma of payment.these smounts shall bear intercst from `___
<br /> . the date of dicburcement at the IVote rate ond shall be payable, with intereu.upon not�ce from Lender to Borrower requestinQ _
<br /> . prYment. "`�
<br /> -��� •-_ ���4_�� S. Ma la�wnaoe. If L.ender ired mort a e imurance�a o wndidon of making the loan secured by this -
<br /> - �'�E� � B 8 --
<br /> " Secutiry Instrument,Borrower ahall pay the premiums requirod w maintain the mortgage insurance in effect. If, for any � •
<br /> . �� rc,ason,the mortga�e insurance coverage rcquired by Lender lapses or ceases to be in effect,Borrower ahaU pay the prcmiums '
<br /> requircd to obtain coverage suMtandWly equivalent to Ihe mortgage insurance previously in effect,at o cost subst�nti�lly
<br />` " „ ' equivalent to thc cost to Borrower of the mortg�ge insurance previously in ef�ect,from an altcrnete mortgage insurer approvod ��
<br /> � by Lender.If subswntially equiv�lent mortgage insurance coverage is na available,Borrower shall pay to I.ender each month
<br />� '�'"=., " --� � - a sum e ual to one-cwefNh of the earl mort A e insurence remium be'sn 'u b Borrower when the insurance covem e °- �
<br /> ` - 9 Y Y BB P BP�� Y 8
<br /> . • ' .. lopsed or ceased to be in effect.Lender will accept, usc and retein these payments as a loss reserve in lieu of mortgage
<br /> . . �� „ •• insuranca.Loss rcserve payrt►emc may no longer be requircd,at the option of l.ender,if mortgage insurance coverage(in
<br /> � the amount and for�he period that I.ender requires)pruvided by an insurer Approved by I.ender again becomes availuble ___
<br /> �� and ix obtained.Borrower shall pay the premiums required to mafntain mortgage insuranre in effect, or tu provide u loss "�_
<br /> .-.- • '`*°- --. ' ` resene, until thc requircmcnt far mortgage insurance ends in accordancc with any w�itten agreement between Borrower
<br /> ' �nd Lender or appticable law. —.—.
<br /> ���' ' � 9. Inspectlon. l.endcror its agent may make reasonable enaies upon and inspections of the Propeny.Lender slwll
<br /> `"`r ive Borrower notice at thc time�f ur rwr to an ins ctian s ci in rcasonnblc cnu.r•e far thc ins ctioo. -----
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<br />- a;:' . 10. CnndemnaUon. The proceeds at'uny award or claim for domages,direc�or consequential,in connection with -_
<br /> � ' any condemnation or other wking of any part of the Property,or for conveyence in lieu of condemnatiun,are hereby assigned ��_
<br /> .. Y:° and shall be paid to l.�nder. ����._
<br /> �� ° In tbe event of a total wking of the Pmperry.the praceeds shall he applied to the sum�securcd by this Security Instrument, �i��--�o
<br /> -.�..,. � � whether or nat�hcn due, with any excess paid tu Borruwer. In the event of a purtiul taking of the Propeny in which the �:�.��
<br /> , fair merket value of the Property immediately bcfore the taking is equal to or greatcr than the Amount af the sums secured --°=
<br /> ° . . by this Security Instrument immediatcly befure the tuking,unlcss Borrowcr and I.ender otherwise agree in writing,the sums F?�_.--
<br /> ' � • secured by this Securiry Instrument shall be reduccd by the amounc of the pr�xeeJs multiplied by the following fraction: ��'���,,,.
<br /> (a)thc total amount of the sums secured immediately beforc the taking,divided by(b)the Pair market value of the Propeny ' �
<br /> ' ,,,.;•_�.•� .: ' immediately before�he�king. Any balance shall bc paid to Borrowcr. In the evcnt of a punial taking of the Property in '
<br /> .. which the fair market value of the Pmperty imrr�ediately befure the taking ix less thun the s�rrHwnt of the sums secured im- � . �,~� '
<br /> � mediately before the taking,unless Borrower and Lender otherwixe agrce in writing or unless upplicable law otherwise pro- �
<br /> vides,the prncceds shall t�e upplied to the sums securcd by this Security Instrument whether or nnt the sum�are then due. �
<br /> .. �� If the Property is abandoned by Borrower. or if. ufler noticc by Lcnder to Borrowcr that the condemnor offers ro �
<br /> make an owurd ur setNe a clairn for Jamages.Barrower fails to res�nd ta I.endcr wiihin j0 dAyti aftcr the d�te the ninice f
<br /> �' ' is given, Lender is autho�iud to collect und apply the proceeds,ut its option,eilher to restoration or repair of the Property '
<br /> • ' or to Ihe aums secured by this Security Instrumeiu, whcther or not then due.
<br /> Unlexs Lender and Borrower otherwiK ugree in wrieing. •rny applicalion of proceedx tu prinripal shall not extend � �
<br /> or postpone the Jue date��f thc mnnthly paymentr referrcd to in paragraphti I anJ 2 ar ch�nge the umoum of such payments. �
<br /> ' ll. Bor�•ower Not Rekased; Forbearance 8y Lender Not a WAiver. Extensian of thc time For payment or
<br /> � . m�xlifirati�m uf amonizotinn af Ihe.ums�ecured by Ihis Security Instrument granted hy Lender Io any,ucce�u►r in interest
<br /> ` nf Borruurr ,hall not o�x ratc to relcatic the liability iif thc original Borruwcr or B�irrnwcr's successon in interest. Lender
<br /> � �hull nnt he reyuired to c��mmencr prareedinRs��tuinst uny wcresaor in imere�t or refuse w extend �ime(ur aavmen�ur '.
<br /> " otherwise modify amortix�tion uf thc tium+secured by Ihi>Scrunty In�vumem by rea�an��f uny drmand made by Ihc uriginal
<br /> Borrower or Bormwer',�uccesxi�rs in inleresl. Anq ti�rhearancc hy� L.enJrr in exrrciaing•rny right or remedy.hall not be
<br /> a waiver of or prccludc thc cxcrci+c of any ri�ht or rcmrdy.
<br /> 12. Successors�nd AsslRnti Bound;Joint and Several I.I�bllit�•;Co-siRne�. Thc r�rvenrntti und agrcement.uf
<br /> �• this Security Instrument.rhall bmd•rnJ henefit thr.urcesscirs and as�iRn�ot'Lender und Bor•owcr, ,utiject ta the pmvitii�ms
<br /> �_ . _ '__ of psragr;►ph !'.Bcirrou�cr':.�urcnant�and a�trccmcnt..h•rll tx jumt and+<<cr�l.Am B�xrow�r wh,��,�-,i�tn�thi.Sc�urity
<br /> . In+trument but d�+cti no�exerutc�hc Notr:�al i�co-.igning thi,Secu�ity In.trumrnt�mly a�m��rt�c�ge, �trant anJ rim�cy that
<br /> Borruwcr'. intcrest in thc Property undcr thc tcrm.of this Sccuriry In,trunxnt: Ibl is not per.anally uhligut��i tu pay thc
<br /> sums�ecured hy thi�Sccurity Im�rument:and Ir1•rgrees that Lende� anJ uny ather Hurn�uer ma�• a�!rce la cxtend,nuxlil'y.
<br /> ti�rbr•rr ur mak�am:�rc�+mm�xluu�m+w uh rrgard ta Ihc�crm��if'th�.Srcurin•In.trumrm�x Ihr h'��tc w•uhaut that garruwcr'�
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