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<br /> pedod�tiu�t Lendet�equirer. 7tio iruur�nco c�urier p�ovldin�tho imunu�oe s1w11 be chaen�y Barower tubject to Lenderl�
<br /> �pprovd which i1u11 not ba unma:on�bly withheld. !t Bosmwer fiib W malntain covera�s descdbed above,Lcnder may,u
<br /> Landerk option,obu�in cover�e to potxt Le+ader�r14ht�in th��rty fn�ccorduto�wlth p�ra�rsph 7.
<br /> All iiuunnco polkiet iu�d renewali ilu�ll 6e�cc�a blo to and�hali lacltub N�w�d�rd mort��qe clawe. Lender
<br /> ahtll have tho d�ht to hold Ihe poUcks�nd ronawd�. V I.er�ler roquit�ar,Barmwer�hdl promptlY�ive ta Leader�11 roceipts
<br /> of p�id prcmiums uW rcnew�l rwtica. In�he event af lou,Aortnwer sh�ll�ive prompt notfce a the in�vance caRier and
<br /> Lender. Lender nuy m�ke proof of laa if not m�de promptly by Borrower.
<br /> UaleYS L.ender and Bortower dherwise�groa in wriUn�.in�urw�cepn�ceals shdl be appliW to rcatoration or rep�ir of
<br /> -_�"�'�`'�-=�' the f'ruperty d�mr . if iho restoration or repair i�ocawmicdly fe�sibb �nd l,enderk pecu�ily ia nat iessened. If d�a
<br /> �tarat�on or�e r ia not ocawmkaUy fb�sibk or Lenderl�iecurity would be le�enod.Iha in�utwice procads shall be
<br /> applied w the sums securcd by thi�Secudty Incm�men�whethet or nw then due,with any excess paid to Bormwer. If
<br /> Borrower abwidona the Prope�ty.or dooe nat en�wcr within 30 days a nwico from Lender that ihe incurance cxr�ier h4s
<br /> offarod to soitle a cl�lm.tl�en Lender m�y calloct the insurance pmcoeds. Lender mwy use the procade to nepair a r�estocs
<br /> �. � __ � thePrope�v or ta paY sums�curod by thi�Secudty Inoaument,whethar or not�hen due. The 3WIay period wiaA begin when
<br /> the notice is glven.
<br /> Unlesa l.00dor nnd 8arrower otherwlse agTCe in writing.Any ation af procads to principaC shall na�xtend or
<br /> postpono the due d�te of the monihly paymonis roPemed ro in Puag�s t end 2 or change the amo�mt of the p�yments. If
<br /> under pamgr�ph 21 tha Property is wequired by Lender,Borrnwer'a qig6t to any insuranc�e policies ard proc�eeds resuiting
<br /> from dumage to the Property prior to the a�:quiailfon shdl pass to Lemder to the extent ai the swns sxu�ed by this Secu�ity
<br /> Inctn�ment immediAtcly prior to the Acquisitlon.
<br /> 6. Occupancy, Preaerwtion, INaiatenana �nd Protectiv� af Ire Property; Borrawer's Law ApplkaUon;
<br /> I.eaaelaWa Borrower ahWl occupy,establish,and use�he Propert�r a�s Bormwer�principal residence wlthin sixty days after
<br /> - _ _ �he execuUm of thla Security Insuument and shall continue to occup�r tGe Prnpe�ty as Borrower�principal residence for ot _
<br /> - least ane year after 1ha dwte of occupancy. unless Lertder otherwise agrees in writing, which consent shell not be
<br /> ^�_�� unreasonnbly withheld.or uMess eatenuating circumsrae�ces exist which are beyond Borrower�ca►irul. Hormwer shall not
<br /> destroy,damogc or impair the Property,allow the Pmpeny to deteriorate,or commit waste on the Properiy. 8orrower shwll
<br /> be in default if any forfeiture action or proceeding,wl�ether civil cx mminal.ls begun thot in L.ender's good faith judgment
<br /> �� could rcsult in forf'eiture of the 1'roperty or aherwise matedally anpair thc lien created by this Secudty Ins�rument or
<br /> :4 Lenderk secudty intenest. Botmwer may cure such u default and reinstate,as provided in parag�►h 18,by causing the action
<br /> or proceediog w be dismissod with a ruling that,in Lcnderk gaod faith determination,precludes forfeiture of the Bomowers
<br /> ' interest in t6c Propeny or other materlul impairment of the lien c�ated by this Securiry Instrument or Le�.frr's secudry
<br /> � intercs� Borrower shull olso be in dePnult if Bomawer. during the loan application process, guve m�teria�Ey false or -
<br />- inaccurate information or atatements to Lender(or falled ta provlde Lendcr with uny mater�al infom�atio�)in conncctbn wi�h
<br />=_ � the loan evidenced by �he Note. including, but not limited to, represenu+tions conceming Barower§ occupency of 1he
<br /> .'�'''1� Properry as a principal.�sidence. If this Security Instrument is on a leasehold.Bomower shail compiy with oll the pmvisions
<br />---- -- — �•��"'�_� of the leass. !f SurroYxr acqnires fa tide to ske Property.the lenseholc!and s4se fee title shs!!not meser�m.�l.snder ag�se�
<br /> to thc mcrger in writing.
<br /> ., . "�r ?. Protectioa ot l.ender•s Righfs in the Property. If Borrowcr fails to perfortn the covenants anc'i agrcements
<br /> �` r�'��` conteined in thi+s Security Inswment. or there ls a legal proceeding ihet may signiticently affect Lender�s rights in the
<br /> �. . �',:� Property(suah aF n proceeding in bankruptcy,probate,for condemnalion or forFeiture or to enforce luws ar regulationa),then
<br />' ' � `��' l.ender mu do und n far whatever ls neccse to rotect thc value of the Pro und Lender's ri hts in ihe Prn n
<br /> ;•,.�i:;:;' Y P Y �Y P PenY � Pe Y•
<br /> " �;�,��,•����•��,�•� Lender's actions ma Include a m an sum�secur+ed b a lien whirh haF norit over this Securil Instrument,a �in
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<br /> 't"�'���;y`,,�� in coun,paying reasonable altomeys'fees and entering on the Properiy to make repairs.Although Lender muy take action
<br /> ' "''•f':`•/ under this paragraph 7,Lendcr docs not heve to do so.
<br /> Any umounts disbursed by Lender under lhis parugraph 7 shall become udditionul debt af Bormwer secured by this
<br /> --".��� � �� a• Security Instrument. Unless BoROwer and l.ender agree to other terms of pnyment,these umounts shall bear interest from the
<br /> � �'?� � '�'�'Y dnte af disbursement At the Notc rate and shull be payable,with interest,upon notice from l.ender to Borrower requesting
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<br /> �• r,!�•� ��s ''�� P y 8. MoMgAge Insurance. If Lender required mortgnge insurance ns e condition of mnking the loun secured by this —
<br /> - '��.��`�'.�. 3ecuriry Instrument. Borrowcr shnll pay thc premiums required to mulntain the mongage insurance in eifect. If.for any =
<br /> �''��.��` ' reuson. the mort a e insurance covera e re uired b Lender la ses or ceuses to be in effect Borrower shull a the =
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<br />' ..,. ��- ;��• t,%,�,: premiuma required to obtain covernge substuntinlly equivulent to the mortgagc insuraace pr�evlously in effect, ut u cost =
<br />�: ,f ��`�r�•.:'�''�,}j_'. subs�antinlly equivalent to the cost to Borrower of the monguge insur�nce previously in effect, from An altemate mortgoge -
<br /> �• '.�::4"`:°Y:"�' � ., insurer upproved by Lender. If substuntiully equivalent mortgage insurnnce covernge is not avnilable.Borrower shall pay to
<br /> �•.�.°. . ., Lender euch momh n sum equnl to ane-�welflh of the yearly manguge insw�unce premium being paid by Borrower when the —
<br /> ;� '"�� - � ., insura�x:e coverage lapsed or ceused to be in effect. Ixnder will accep�,use und retuin ihese payments us u loss reserve in lieu �.
<br /> ` � '�^:,�� '.!; of mongage insurwtce. Loss reserve payments muy no longer be required,ut Ihe option of Lender,if mortgage in�urance =
<br /> . . "�(Yt covernge(in the amount and for the period that Lender requires)provided by nn insurer upproved by Lender ugain becomes _
<br /> -�*l .��;?,��;:; avuiluble and is obtoined.Borrower shall ps►y�he premiums rryuired to muintuin monguge insurnnce in effect,or�o provide n `
<br /> :'�� � • loss reserve,umil the requirement for mortgage insurnnce endK in nccor+dnnce with uny written ugreement between Borrower �`
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<br /> . :`•.;�s 7itr-; ,• �,• and Lender ar upplicuble lnw. _,
<br /> ' � `S�'� � . � 9. Inspecdon. Lender or its ugent may make rca+onuble entries upon nnd inspections of thc Property. L.ender shull
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<br /> ,;:' � ,�l�ya?�i��"�.",'�i�Y�'s}„� give Borrower nolice nt the�ime of or prior to an inspection specifying reusonuble cuu�e for the im�ction. __
<br /> •; ,�•.�t,�; �f,;t��;t, !0. CondemnaHnn. The proceecls of uny award or daim for duma�e.r•,direct or comeyueminl,in r�nnecrion with nny i
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