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<br /> 93
<br /> � periodt th#t Ixnder�equirea. The inrur�nca carrler p�pvidin�the iruurance�hall be choan by Bonawer�ubjact tu l.ende�ti
<br /> , �pprovs!which�hall aot be�rea�ara�bly wldtNeW. !f Barowm fdls to maintain covera�e dac�lherl�bovo�i.cnder uuy��
<br /> l.enckr� �d�We oovet�e ta Pnxect l.a�der�d�6ts in the Prop�ty in�ocor�d�noe with p�rynph 7.
<br /> All��un�e policie�and rmaw��Il be�txble to Lender u�d�hell include�etu�N mort�e clau�e, �.,a�aer
<br /> � shaU have tbo rl�t w hold the pollcbs md renewals. if La�der requi�a,Bomower�11 promptly five to l.ander�ll recefpa
<br /> of paid pizmlums�nd renewal noticee. In the event of loas.Bortower�hall Qive prompt�adce to Iho insura�oe c�trbr and
<br /> I,p�der. L,ender may m�Ice proof of locs if not mndo pramptiy by Barower.
<br /> Unless L.ender u�d Bormwer othenvisrs�groe in writing,ineur�uice proceeds shell bo applfed w restoratlon or rop�ir of
<br />-- theproperry danu�ed, if�Fie restoradon or ce�wir i�economically fea�ible und Lenderk securiry is nat lessaned. U the
<br /> �eatazt�on or t�epair is not ecw�omioally feasible or Lender�a se�urity would be lessened,tho insut�u�ce proc�ed�shdl be
<br /> appikd to the aums aecurod by this Sxu�ity Inatrument.whdher or not then due, with any excess pafd w Borrower. If
<br /> &�rtowa a6andons the Prope�ty.or does not aa�swer wlthin 30 days a notk.x from Lender that the incuranco carder has
<br /> offerod ro senle a claim.then Lender may coi0ect Rt�e inswance proceeds. �may use the prooade to ro r or ro�toro
<br /> the Praperty or to pay suma socwed b�this Sec.�urit�r fasb�vurent,w�ar t�oc�n dus. '�3p�dpy padod w tl begln wden
<br /> �' ---- _° the uotioe is aiven.
<br /> - �1:aWss Lender and Bomower ot�►e�wisc�ree in writing,wy aY proc�ds�o�pr�aci,p�sisa;U.+r�+t e�rod:or
<br /> pob-t�a�tD�e due date of the monWY p�ya�ents,refecnd to ln para&�2 as change tde�monnt vf ti�c pxyments. i�
<br /> nmder peragrAph 21 tha P�vpeny is acquired b}•LerWer. Borrower�right to my insu�ance polieies and pcooeede r�sulNng
<br /> • •1Yom d�upaBe to the Properry Pr1or 1a the acqui�idon shall pass to Lender to the axaent,of th�xums seruiod'by this 3ocurity
<br /> � �nstrqi�ia�t immediately prior to thc.aosquiailion. ' •
<br /> ' � � 'f,. Ooeupu�c', Preservptiaq�, �ateunnce and ProtMion of the PraperiY; Bwvower'e Lopq ApplleoNoai
<br /> � '.' I.es�iei�alcls. Bortower ahall occupX.astabSish,and use the Property as Homqw•e�'s princ�pal residence within aixty days after
<br /> - _ • " the enecutim of�his Sxurity IneWinent and shall cantinue to occupy the P�perty aa Bnrrower's principal rc�idencx for at _ _
<br /> � ' least ones year rfter the date of ac�upaacy, uniess Lender otherwlse agrees in writing, whlch cansent shall not be
<br />- unrcasonnbly wi�hheld.or unless entenuuting circumstancas axist which Are beyond Borrowerle control. Bmrower shall not .
<br /> deatroy�damage or impair the Praperry,a!!ow t�he Praperty ta s�eteriorate,or commit waste on the Property. Borrower st�ll
<br /> be in default[f any forfeiture action or proceedin�,whe�her rivBl or criminal,is begun that in l.ender�good fajth judgment
<br /> could ne:ult in iorfelture of the Property or athenvise matcrlAUy impair the lien crcatcd by this.Secudty lnswmeat or �
<br /> — Lender'a secu�ity interest. Borrowcr may cure such a defauit and reinstate,as provided in paragraph 18,by causing the actian
<br /> or procading to be dismissed wlth a ruflng thut,in Lender's good faith detertmnation,precludes forfeitwe of the Bortower's
<br /> — -- lntereat in the Propetty or other matedal impairment of 1he Ilen crcated by this Securiry Instrument or Lender�a secudty
<br />:; '� interes� Bort+�wer shall nlso bc in defaull if Borrower, durin@ the laan applicetion pracess. gAVe matcrially false or
<br /> — — inaccurate informotion or stetements ta Lender(or Pailed to provide Lender with any material informatbn)in connection wlth
<br /> _ tho loan evldencai by the Note. inciuding, but not limited to, representatians conceming Borrower`s occupancy uf 1he
<br />_ � Property as a principal residenca If this Security�nstrument is an a lea�ehold,Horrower shall comply with all the pmvlsions
<br /> —= af she lesrse. If Barmtatr a^_quines ftz t!!!e to!!�e Qte�+eriy.tltc leesehnl!1 ntu111�fee ti[k shall not merge unless l.ender�gnxs
<br /> to�he merger in writing.
<br /> _ 9. Protecdon ot I.ender'g Rights in the Property. �t 8arower fail� to perform the covenants and agre:ements
<br />- contalned in this Securiry Instrumeni. or there iR A legal procetding thet mAy significandy effect Lender�s rights in �he
<br /> -�� Property(such us a proceedin�in bankruptcy,probate,far condemnation or forfeiture or to enfarce laws or reguladons),then
<br /> L.ender may do and pAy for whAtever is necessary to protect thc vnlue of the Property and Lender!s reghTS in the Property.
<br /> Lender's acti�ns may include paying nny sumx secured by u lien which hns priority over this Security Insuument,appearing
<br /> in court,paying reasonable nttomeys'fecs and entering on the Praperty to make repairs.Although Lender may take action
<br /> under this paragrapN 7.Lender does not have to do so.
<br /> Any amounts disbursed by Lander under this paragruph 7 shull become addition�l debt of Bomower securcd by this __
<br /> _� Security Instrument. Unless Borrower and Lender agrec to other tertns of puyment,these nmoums shu�l bear interest from the
<br /> date of disbursement ut the Note rnte and shAll be puyuble, with intcrest, upc►n noticc from Lender to Borrawer reyuesting
<br />- ,y: ., "'a,
<br /> ;�o�s, payment. �=�-
<br /> '�h� 8. Murtgoge Insurance. If Lender required mortguge insurnnce ns u condi�ion of making Ihe loaaa secured by this ,6�,:
<br /> � Sxurity Instrument,Borrower sha11 puy the premiumx required to maints+in the mortgage insurence in effect. If, Por any �,.
<br /> .;,-�rt. �
<br /> �:� • reosan, the mortgwge insurance coverage reyuired by Lender lupxe+ or ceuses �o be in effect, Borrower sh�1i puy �frc
<br /> :.,,.,,.
<br /> �u:-����. premiums required to obtai� coverage substuntinlly equivalem to �he mongage insurunce previously in effect, at a cost ,�,.,,
<br /> ,,�Kh�o, suhstnntially equiv�lent ta the cast to Borrower of the monguRe insurance previously in effec�,fram an altemate mortgage =-
<br /> t�y���.`-`•E,�• insurer approved by Lender. lf substantially eyuivnlent mortguge inxurunce covernge is not uvnilable,Bomnwer shall pay tn
<br /> „ �i�Z;��';•�r,�,��;'„� Lender each month o tium equul to one-twelfth uf the yeurly mortgage inxurunce premium being paid by Bortower when the
<br />- : i:;:,.'�, • insurcmnce coveroge lupsed or censed to be in effect. Lender will uccept,uxe vnd retuin Ihese paymems ati a loss reserve in lieu
<br /> - �,:,..�'�i;�;�:`�•••, of mort a e insurunce. Loss reserve u mems mn no lon er be uimd,at �he o tion of Lender,if mort a e insurunce �''_
<br /> s 68 pY Y 8 �l p B � �
<br /> s :'"!" '��si,"': coverage(in the amount and for the period that Lender rcyuires)provided by un insurer upproved by Lender agein becomes
<br /> `��• ,��i"''+ avoilable and is obtalned.Bormwer shull puy thr�remiums reyuircd to muimnin m�rtguge imurunce in c0'feci,or to provide u --
<br /> � � � s;s�,
<br /> ��`� ``' loss re�cerve,un►il the requiremem for mortguge insurance ends in uccordunce wi�h ony wrinen agrcemem�between Barrower
<br />� xr�'it�i'?Ij � � and Lencler or n licable luw. �
<br /> ��"• PP
<br /> '` �' '`�"�``'`''Y�� 9. Inspectlon. Lender or iu ugen�muy make reu�onable entries upon uad inspections uf the Prapeny. LencJer shall —
<br /> ��,-,:r•u� .,i;:�;:.,)t{� —
<br />_ � ;�;s.,;.:.',��;�;;��Z�t give Bomower nwice at�he time nP nr prior to un inspection x�+ecifying musonuble cuuk ti,r�he inspection. �,
<br /> ; 'r��y• .,� 1.,;�,�1, 10. Condemnat8an. 'fhe praceeds of any uwurd ar cluim for dumug��.Jircct o�ronseyuentiul, in connection a ith uny --
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