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<br /> �:�; ,�•ricxi� that Lender reguires. The insurance carrier pro��iding the insurance shal]be chosen by Boir:�,r�r s��bject to Lender's
<br /> � ,�.,z..i
<br /> ���::Y ::p;r^�:a! whict!sh311 raot:tic unrea���ably withhelJ. if Borrower fails to maintain coverage describea4 nb�>vt,Lencier may,at
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<br /> �- Lender's oatian,obiain coveragt to protect Lender's ri�hts in the P;operty in accordance w�ith p�sr.grapsi 7.
<br /> , ,�;� '„3 i^sura7ce policies and rcnewals�hal)trz acceptabte to Lender and sha[I ioelude a stane?ard mortgag�� �:Sause. Lender
<br /> shali ha�e tize right to hold the poiicies and renew�is. If Lender requires,Borrower shall promE�tly givc:�Lcrad+sr all receipts
<br /> of paid premiums and renewal noiiccs. In the event of loss, Borrower shall give prompt notic� te th� ir.susa.hce^urrier and
<br /> Lender. Ler.der ir.at•make proof of less if not made pr�mpdy by Borrower.
<br /> Unless I_encier and Borrower o,i�en+�ise agree in writing, insuran�e proceeds shall be appii�r! to ms�ora:ion o; repair ef
<br /> the F'roj�erty dam^�ed. if the restoratian or rrpair is economically feasible and Lender's secvrit}' is r�•� =esseneu. If the
<br /> -c>inratio�i or repair is not economically feasible or Lender's security wo�ld be lessened, the insusa:ct �rcc�rce"s sha.11 ►x:
<br /> � ��rlieu u� the sums secured by this Security Ins?rument, whether or not ther due, with any exe.,;s �ai�1 to E3orrow•er. If
<br /> � ��� Eorrc��er :�handens the Property, or doc� not answer wi.hin 30 days a notict from Lersder that the :ns�l^*nr.e carrier has
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<br /> � ':-'� o�fered to�.et;le a csairr,,then Lender may eollect the insurar.ce proceeds. Lender may use the p*x�eed�te=:�:pair or restor�
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<br /> �°`�%.'"�='� t'7�F;o�_rt}�er t�pay sums secured ky this Security Ins�rument,whether or not then due. 7'he 30-:9ay�+'.Il4d�.viti txgin wiien
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<br /> `` `�`"' ;.� l nlc,s i.ende� and Borro�ver att�envis� agree cn writing, any applir.ation of proceeus ro princ+� a; si���!1 not eztend or
<br /> �`* �' ; o,� t'r,� due date of the mc�ithl a men[s referred to in ara ra hs 1 and 2 or chan �the a.-n��1:�t of�r�t a ments. lf
<br /> � " �= F` Y P Y P fi P g� P Y
<br /> '� ur�dcr ragra h 2 t the Prn rt is ac uirea by Lender, Aotrower's ri ht to an insurance licit•s a�d receeds resultin
<br /> �� P t. Pe Y 9 . S Y P� P &
<br /> ��-, f*om damsge t� the Propezty prior to the acquis:tion shali pass to Lender to the extent af the sums secured by this Security
<br /> Inst:�men>�mmediately prior to the acquisition.
<br /> � 6. Occnpancv, Prc;ervation, Ma6ntenance and Protection of ihe Propee;�; Borrower's 1.oan AppEicaiion;
<br /> t ea�ei�olds. E3orrower shail occupy,e�tabii�h,and use the Property as Borrower's principal residence wi[i:in sixty days after
<br /> � �, t:�e execution of th:s Security Inswrr.ent and shal! continue t�occupy the Property as Borrower's principal residu�ce for at
<br /> :��'� Eeast cr,e }ear u£ter ahe date of oc�upancy, unless Lender otherwise agr�es ia writing, whicn consrnt sk+ali not be •
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<br /> �� `_, :.�nrcasanab(v withheid,o:uniess extenuating circumstances exist which are beyond 8orrower's contr�l. $o�r,wer shali not
<br /> -�'� c'c^�;tre�y. damage er impair the Property,allaw 2he Property to deteriorate,or commit waste on the Prop%�rty. Borrower shall
<br /> �� in dcfault iY am• forfeitvre actic� c:�roceeding, whether rivil or criminal, is begun that in Lender's t;r,od faidi judgment
<br /> c��uld res;�lc in forE:iture of the Prope�ty or othe:wise materially impair the lien created by sr.is Securify lnstrument or
<br /> Lender's secnritv interest. Borrower may cure such a default and Eeinstate,as provided in paragraph iP>,b;a causing the action
<br /> or procecding to be dismi�s�d with a ruli�ig that, +n Lender's gcx�J faith determination,precludes fo�ieiture of the!Borrower's
<br /> �1?erest in the Pruperty or olher ma[enal impai-ment of the lien created by this Sacurity Instr�ment or Lender's security
<br /> in�erest. F3orrower shal( also be in default ii Barr�wer, during the loan application proccss, gave materially false or
<br /> ins�ruratc inf�armation or s:atemeats to Lender(or failed ro provide Lender with any material information)in c�rn��ction with
<br /> ii�e 1e:�n evide�ced by the tiote, �nciuding, bat not limited to, representations concem�ng Berrower's occupancy of the
<br /> �-' }'rr��crry a5 a arinci�al residence. (f this Security Instrument is on a leasehold,Borrower shatl comply with a!I the provisions
<br /> `-�� uf che?case, if Barcower acquire;:fec ti:le to the Property,the leasehoid and the fee tit:e shall not merge ualess[.ender agrees
<br /> �'� to the rncrgc�in writing.
<br /> ?. Yrotecticen ai Len�er's Eti�{hts in the Property. �f Borrower fails to �rfor,n tne covenants and agreem^r+ts
<br /> contained in this Security instrument, or there is a 1ega1 �roceeding that mey significandy affect Lender's rigfits in the
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<br /> Fro�r,y (�uch as a pr�erding in b�nkruptcy,probate, for condemnation or furfeiture or to enforce laws ar reguiati�on.r),ihen
<br /> !_ender may do and pay for whatever is necessary to proiect the valuc of the Property and Lcnder's rights in the Property.
<br /> Lender'� actions niay i�clude paying;�ny sums sec�red try a lien which has priority over this Security Instrumeni, t:ppearinc
<br /> in cc..irt, p;�yir.� :e�sonable at�orneys'fees and entering on the Propr�ty m make repairs. Although Lender may take aclion
<br /> x un•,±�r:his F�agraph 7,Lender dces r.ot have!o do so.
<br /> � .,f�T,� ari� .imo�Jrts disbursed hy Lender under this paragraph 7 st�al( became ac!ditiona) delb! of Borrower secured hy t1�is
<br /> i�:.',-- Securitv 1^,trument. Unless Borrower and Lender a gree to othc-r terms of paymenl,these amounts shall bear interest tvm the
<br /> cl:.i�c of u�shi�rsemcnt at the Note rate and ,hall bc: paya5le., with interest, upon notice from Lender to Borrower reyuesting
<br /> �ayme�t.
<br /> 8. ltort�a�;e insurance. If Lender reyuired martgage insurance as a condition of makinfi the loan secured bv this
<br /> Sect:rity Instrvmeat, Ecrrower shall pay the premiums reyuire� ro maintain the mc�tgage insurance in effect. If, for any
<br /> rcas�,n, the mortgage insurance coverage required by Lender lapses or ceases te be in effect, Borrower shall pay the
<br /> prcmiumt reyuired to ohcain cover�ge substan:ially equivatent to the mortga�e insurance previuusly in :ffect, at s cost
<br /> � substat�tia;ly eyuivale�t tn the cost to Borrou�er of thc mortgage irsurance previously in effect, from an altemate mortgage
<br /> insurer approved by Lcnder. If substantially equivalent mortgage i�surance coveragc is not availablc,Borrower shail pay to
<br /> 1_��nder cach month a st�m cye:I ro one-t•.�•elfth of the y�arly n�ortgage insorance premium being p.�id by IIorrower when the
<br /> i�:ur:�r�ce coverage lapcec�or ceased ta ne in effeet. Lender�.yill accept,use and retain these payments as a lots reserve in lieu
<br /> c,f murt���LC ir2sur�nce. l.�tis re,ervc payments may no longer bc; rey�ired, at the option of Lender, if mortg�ge insurance
<br /> :nv+�rs;:c (ir, the amc�unt and for+,nc period that Lender requires)providcd hy an insurer approvrd by Lcnder again hecr�me�
<br /> ,�u`,": „ti ,i :,hlc.,nd is��hc:iined. B��rrower sh�ll pay the premiums rec;uind to maintain martgase insun�nce in clfect,or to provide a
<br /> ,.-,�., ;c,<.�. rr,ertie,untii the rcy,iircm�iu for mort�;age insurance ends in accordance with any written 2greement txtween Borrower
<br /> an�l Lrrder�,r;+E�plicahle!aw.
<br /> 9. Inspectir�n. '..cn�sc; .�r its as�cr�t may makc rcasonahle, rntries u�xm and inepectinns of thc Propctiy. Lender shall
<br /> :,:i:c f3��r-�,�,ticr nt,ti���c•et the tirne oF or prior tn an insEmc:i�m s�cifying reasonablc cnuse for thc ins�?ection.
<br /> � � !0. C�,ndemnation. 'T'he 4,roceeds�,f nny a�vard or claim for dmm�ges,direct or consequential, in connection with nny
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