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<br /> .i � • 11t1W eE1S�lII$ Of�1CI�CT CIE�� OII tT1C ` ' c . � ' ,�
<br /> ` ' ' S. �Zard or Pe+oPartY In�'�- Boaower svall keeP the �mp�°Y�°u other I�atds.inclndinS . .` - . .
<br /> , � .` p r o p e rt y i�ued agsinst loss by 6re.1�azarcts incinded arid�in the te� ������mounts and for the periods .. . ° .
<br /> - � o ' for wBicb I�adet requires�sv�•T h i s i n s u�a n s� sub'ect to Lender's approval t� , ' ` �
<br /> Qoods or flo dmg. ���be�osen by Boicower 3 .
<br />. .� � -"' that Lsnder requires.'Ihe in5uiauce canier pmviding '
<br /> ---- -• _ whicii shall not be aa�asonably witbheld. If Borrower fa�s w maintsin cweraSe descn'bed above, Leader may,at L.ender's O9 --- -
<br /> , � optian,obtaia covecage co pmtect Lender s nghts in the Pcoperty in accordance with paragzaph 7. ,-
<br /> ap
<br />.. . ' All instuansx Policies and renewats shatt be accePtabte co Lender and shaU inctnde a standar e to Lender all receip�of Q , � : .i.:,.� `.
<br /> shall have the right to hold the policies and ceuearals.If Lender requims.Borrower sHall pmmP Y 8�+
<br /> � notices.In the event of toss,Boimwer shaIlBive PromPt aouce w the�auce camer and L.ender. � - -_ '' .
<br /> �. paid premiums and renewal B o r m w e r. •:.` i ;� .
<br /> � L�nder may make praof ef ioss i f noi m a de p r o m p d y b y ued w restotanon or repair o f t h e� � � . ..•'i:.;`:;. �:
<br /> ' UnIess l.ender and Bmrrower othetwise a8ree u►writing,in�v�ance Pmceeds sball be app , -
<br /> ; . �s not lessened.If the testoration or� .�_ �:�
<br /> ' .. Pmpert7►�ged.if the mstoration or t�air is ewnomically feasibte and L.ender's s ro�sha11 be applied W the sums .;,�:-�. :
<br />� ' , � repair is nat economic�lly feasi'bte or Lender's securit9 woutd be L�ssened,the insurance P . -
<br /> y�. S e�u�b y this Secnrit7► I�m�• whether or not thea dae. with any�cess paid to Borrower. If Borrower abandons the •t " .
<br /> � proPerty,or does not answer within 30 days a aotice fcom L e n d er t l�a t t h e i a s u r a n ce c a r ri e r has offered w seute a claim,then _ .
<br /> c e�c L s. L.e n d e r m a y ase the g i oceeds w repair or reswre the Property or to pay svms • c
<br /> . , �',� Ixuder map collect t h e�ttan�P� eriod w�l begin when the nntice is given. �� : t._
<br /> seca�ed by this Secmat9 Ia����.whether ar not then dne.The 30-day P �1 not eate�W or ;:'.�F ..�;:___
<br />: Unless Lender and Boaower otherwise ag�ee in writing, anY apglication of'psaceetls to princiPal r,,,� �
<br /> 1 and 2 or change the am�u�s of the payments.If under t f .� �''
<br /> ' .�:' am
<br /> . ' • ' � ;y: postpone ttie due daie of the ffionthtY PaS►�ae�er,�Botrower's�any ins�urance Policces and pmceeds resaiting frnm -.-;--- '= i
<br /> • =` pa�aph 21 the Propecr9 � �� p b this Secaciry Insuumeni � ; �"�`:
<br /> cquisidon shall ass to i.endcr to t6e eateni of the sams secvred y e f '
<br /> ��' rior w the a P .�1�� -
<br /> •'� damage to the ProPertY P `
<br /> - jRJw �A.'r .
<br /> � �' immediately prior to ihe acquisi d o n. Bosrowec's Loan AppIIcstion;�e h o l d s. � T-.,`,�Y_;
<br /> . : . . ... . : ,�} 6.Ocatpanc9:Yreservatton,Mainteaance aad Protection of t6e Pmpert9: da s aRer the exeratioa of
<br /> establisi�,and use the Pmperty as Boaower's priuccpal cesidence within s�ctY Y �'.-�'�;;����
<br /> Borrower shall occaPY. the Property as Boirower's princiPal resideace for at least one year after • �`�;;•
<br /> � `<� tt�is Security Instmmeni and shaU conunue w occupy ��h aot be unreasonabl9 withheld.os�mless .,,:,� ."''�`�r-
<br /> ' the date of occupancl+•unless Lender otheiwise ag�ees in writing, consent strall .. _
<br /> . { ' �,r.., .�.. �-.
<br /> �j ��.. ; e�rte�ating c�stances ea�wbich are beqond Boaower's control. Boaower shatl not desttoy, damaSe or imPair � '., ,,�
<br /> �` �P�9.allow the ProPertY t�detedorate,or commit waste on ttie ProPertY. Bormwer shaU be ia defanit if a�r forfeitare .�.
<br /> whether clvil or criminal,is began that in Lender's good faith judgment conld resalt in forfeiinre of the , �,;;��;:
<br /> . act'soa or praceeding, the lien created by this Security Inso�ament or l.ender's seca�ity inie�st.Bormwer may . ..:�
<br /> : � pmperty or otheiwise materially ia►P� ed with a ralin8 ' • �;'
<br /> �i` cnae sach a defaalt and reinstate,as pmvided in paraBraPh 18,by causing the aaron or pmceeding to be dismiss `�;
<br /> . or other materlal : .+�;�,�:
<br /> .'} that, ia Lender's gaod faith dete�aon. Prectudes forfc�t�e of the Bormwer'ntesest. Bo wer shall also 6e in defanit if ' —
<br /> : � impaument of the lien created by this Security Insaument or Lender's security ' ' - '"`
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<br /> , BormweY.d�uin8 the toan applIcadon pmcess,8ave materiallY false or inaccurate infonnadon or statements to Lender(or failed .;::;��
<br /> to provide Lender with any material infom�adon)in connecdon with the loan evi�ienced by the Note.including.but not limited ..�,�•
<br /> „ . ., w.rePresentatioas concemin8 Bonower's occapancY of the ProPen3►as a principal residence.lf this Security lasuument , . .:•::�r'_
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<br /> l���d� gpiroyver sbail comply with a11 We Provisions of the tease. If Borrower acquires fee dde to the Property. the ��-
<br /> , ' leaseliold and the fee dtle shaU not merge unless Lender a�co the merger in wrldng. . , __
<br /> 7.prote�tion of I.endes's Ittghis ln the Prope�ty.If Bonower�y���� r������� (��a �"
<br /> .; this Se�.vritY Instrumena.os there is a legal proceedinS that may s�S� • _ �_- ,
<br /> si
<br /> _ . p�in8 iD banlaapuy.Probate,for condemnadon or forfeiture or to enfarce laws or reguladonq?.then��n�d�es�offia� . _.
<br /> . � � gay for whatever is necessa�l►to protect the value of the Propecty and Lender's rights in the Property. in wurt. PaYwS ' -
<br /> ....7 usclude paying anY sums secured by a lien wluch�mnake epairs A th ugh Lender may takeaaction Dunder th�s paraBraPh : . .
<br /> .,, , . . reasonable attomeys'fees and entering on the PropertY . . .
<br /> � . ,T 7,Lender does not have to do so. g� �1 become addidonal debt of Borrower secured by this
<br /> � • pny amonnts disbursed by Lender under this paraSraP
<br /> ' ` Security Inst�ument. Unless�orrower and Lender agree to other terms of payment.these azaounts sha11 bear iaterest from the :
<br /> , . date of disbursement at t he No t e r a t e a a d s h a 11 be pa yable, with interest, upon notice from I.ender tv Borrower t�equcsdnS . , . .
<br /> - : paymen� mongage insurance as a conditi�n of making the loan secured by tlris Secutisy • ,
<br /> g.�41Odg�ge Ins�rance.If l.cnder required � .
<br /> I ` � .� I�strument, Bonower shall pay the premiums reqaired to maintain the mortga�e insutance in effec� If. for any reason. the .
<br /> �• Lender lapses cr c.eases to be in effect.Borrower sha11 pay the premiums tequired to
<br /> �ongage insurance covetage r�uireA bY uivalent to the
<br /> obtain coverage substandally equivalent to the moriga;,*e iasurence prev�ously in effect.at a wst substaatially eq .
<br /> ` cost to Borrower of ihe mortgage insurance Dr�1O�Y �A effect• from an altemate mortgage insurer appraved by l.ender•If
<br /> substantiaily equivalent mortgage it�vrance coveraSe is nut available,Boaower shall pay to Lender each month a sam eQual to • . . .
<br /> ����-: one-twelfth of the yearly mongage insurance Pn�iva►being paid by Bonower when the insurance coverage lapsed or ceased to
<br /> . • be in effect.Lender witl accept.use aad tetain these payments as a loss reserve in lieu of mortgage »�otm 302e s.so
<br /> Vage 9 of 8 �°u•�V .
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