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<br /> p��dwt Lender�eq�ins. 'I1�a inwrance cartier provWini the inwrmoe tiWl be cf�oroe by Bo�rower wbject w l.endery
<br /> �pprovd whkh�ball t�w be untaafanably wi�bhe{d. !F Bo�rower f�lls a mdnuin�ov�n�e daaiibad�buva�I.eaMr nyy�d
<br /> Larrd�rF aptlon.obhin oovern{e w protea Lahdert rltM�in 1beprop in�ccad��with P��rq�h 7.
<br /> All inwautce policies uM ianewaL�hall be ecoeptsble to l.�nder��nd�Fu�ll iaclude��wndud moRjyo ciw�e. L.ader
<br /> �hdl bave the�l�ht to hold tho poNcies�nd rrrrew�la. IP l.aidet require:.AoROwer ehdl promqlY�ive to Lender dl rooelpts
<br /> at p�id pcemiunu u�d�enowrl aotice�. In the ovent of loa,Bamwer ahall 4ive prompt notke W the Insura�ue carrbr rtd �
<br /> l+�d�r. L,e,ider tn�y m�ka proof of las if not m+�do P�PUY bY 8omower.
<br /> Unlaat lrtder�ud Bomower othenvlse�oe in wcitiny.incuranee{►roeerds sh�ll be opplied to�eatauion ar rep�ir of
<br /> the H�operty�nd,ff the mswr�uioa ar�pwir!c ecanomic�lly fea�ibla �nd l,enderti iaurity i�na lener�ed. !f tho
<br /> �estor+�Nan or�r i�not oconamlcally fea�ibk or Lenderlr�ocurity wouLd ba kuencd.t6e insunu�ce procaed�rhall be
<br /> �ppUod w the sum�eocurcd by this Securfry Ir�wrnant.wSx�her ar not then dua,wilh�ny exceas p�id to Bormwer. It
<br /> Bomawa ab�ndoiu tho Proporty.or doa not an�wer withln 30 d�ys a notke from l.ender tlut tho in�urance curk�hiu
<br /> atYmnd w�ente a cluim,then Lender mey colloct the inswanae proceods. Lender mRy use tiie procexds to or�ata�e
<br /> �he Pr+ope�ty or to pxy aums secured by Qde Security Inet�umenl.wheU�er or not tlbn due. Tho 30�d�y period w 11 be�in wheai
<br /> the notke i�glven.
<br /> Unlaca Lender and Bnn+ower otherwlse a�ra in wri�ing.any a liration of procadx to principal sha!!not extend ar
<br /> pwtpone the dua dsto of the momhly paymema rcferred to!n perag�ihs 1 and 2 or chunga tha omount of tho payments. !f
<br /> w�der puagraph 21 tha Property is acquiKd by Lender. Harrowerl� right to any inaurynce policies and procads rrsuldng
<br /> fr�om dama�o to Iho Property priar to the acquisition shaQ pass to Lender to the extent of tl►e aums securcd by Ihis Security
<br /> Inwumet�t immcdjately pr�or to thnacquisftlon.
<br /> 6. Oacup�ac9, Preserv�tloo� 1Naluten�nce And PrMection o� Ihe Propert i Borrovrer's l.00� Applk�tion;
<br /> Laseholds. Borrower shall occupy.establish,and use the Property as Bormwer's princ�pal residence within slxty deys after
<br /> �•• � the exuution of►his Securiry Inspument and shall continue to occupy the Ptoperty as Borrowerk princip�l reslaence for at
<br /> loast ono yeu after the dute of occupency. unless Lender dherwixe ugrces in wd8ng. which cunsent shall nat be
<br /> wu�easonably withhald,or unlesa extenwUing cireumstaz�ce:exist which are beyond Borrower'c cmtrol. Bormwer shall not
<br /> drshvy,damage or impair the Properry.allow thc PropeAy to deteriorate,or commit wacte on the Property. $orrower shall
<br /> be in defauU if any forfeiture action or proceeding,whether civil or cdminel.is begun that in Lender�s good iaith judgment
<br /> could reault in forfeitura of the P�nperty or othcrwise molerially impuir the lien crc�ted by this Securiry iasitument or
<br /> Lender�a security interest. Borrower may cure such a defauit end reinstate.us provlded in paragraph 18.by causing the action
<br /> or pnocading to be dismissed with e ruUng thut,in Lender�s good fnith determinatian.precludes forfeiturc of tf�e Bomower�s
<br /> intetest in the Property or other materi�l impaimtea�of the lien c�eated by this Security lnsrrument or I.ender�s security
<br /> = intaest. Bo�rower shxll uiso be in default if Borruwer, dudng the lonn upplicAtlon prooes.�, gave meterially false or
<br /> - ---= inaxurate informat�on or atatements to L.ender(or failed to provide Lender with any malerial information)in connectiaa wlth
<br /> • , the loan evidenced by the Note. including,but not limited to, �presentations canetming Bomower's accupnncy of the
<br /> -������— Piroperty as a principql�esidence. If this Security Insimment ix on a leasehold,Borrower Rhall comply wlth all the provisions
<br /> of the lease. if Borrocver acquires iec�itic[o�he P�openy.�ho ieusehukl and ti�f�tkle shaii not��rge uniess l.ender agrees
<br /> : to the mcrge�i�wri�ing.
<br />'''' 7. Protection ot l.ender's Rights in the Property. If Borrowcr fails to perform the covenants and agreementx
<br /> contained in this Security Insuument, ar thane is a legal proceeding thut muy signiCkantly affect Lender's rights in Ihe
<br /> _ Property(such as A proceeding in bankruptcy,probute.for condemnution or forfeitwe or to enforce laws or regulations),than
<br /> Lender ma do und a for whetever is necess to rotect the value of the Prapeny and Lender's righis ia the Propeny.
<br /> Y P Y M' P .
<br /> Lender's aetions may include paying any sums secured by a lien which hus priori�y over this Secunty Insirument.appenring
<br />� in caurt,paying reasonable uttomeyx'fees und entering on the Property ta make repairs.Al�hough Lender may take action
<br /> under this parag�aph 7,Lender does not ha:�ta do so.
<br /> My amaunts disbuned by Lender under this parugraph 7,hull become nddi�ional debt of Borrower secured by this
<br /> .� Securiry lnstrument. Unlers BoROwer And Lendcr uKrce to o�her�erni.nf puyment.�he�e umounts shall beur interest from the
<br /> r,.; data of disbursement at�he Nde rate und shall be puyable,with intere+t, upun no�ice from l.ender to Borrower requesting
<br /> paymem.
<br /> 8. Mortgage InsurAnce. If I.ender rcyuired morlgugc in�uranre ay a condition of moking the loun secured by lhis
<br /> Security Instrument, Borrower shall pay�he premiums rcyuired a► maintuin �hc nx�rtgaRe inhurunce in effect. If,for any
<br /> reason,the mahgage inxurnnce coveruge reyu�red by Lender lap�es or cen.+e+ to be in eFfect, Bomower shuN pay �he
<br /> premiums required to obtAin coverugc substuntiully cyuivulcnt to thc mortguge insurance previously in effect, ul u cost
<br />- �w�� substaMinlly equivalent to the co,t to Borrower of the monguge;nsumnce previously in effect,from un nitemate mortgoge
<br /> .'�'r insurer approved by Lender. lf substuntially eyuivulent mortgugc insurance coverage is not uvailubte,Borrower shall pAy to
<br /> ���t ' ' �'���,' Lendcr euch month u sum eyu�l to one-twelf�h oF thc ycurly mong�gc insuranre premium Ix:in�paid by Borrowcr when the
<br /> `' ' insurnnce coveruge lupsed or ceu�d to Qie in efl'cct. Lender will accep�,use and rewin the+r paymenls as a loss reserve in lieu
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<br /> _ �-:i. of modgnge insurnnce. Losa rexerve puymentx muy nn longcr be reyuir�d,al the option of Lendcr,ii mortgage insurnnce -
<br /> i-y��" . covernge(in the amount and fnr the periad thut Lender rcyuiresl provided by un insurer upproved My Lender ugnin becomes
<br />- ' _�..:�, .,,,� availuble und is obtnined.Borrower xhull puy�hc premiumx Ryuired to muinwin mongc�ge inxun�nce in effec�,or lo provide n =
<br />''�r � r loss reserve,until the requirement f'or mongu�e in�urunce endx in uccordance wi�h uny written u�rcement between Borrower
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<br />;,, � and Lender or applicable luw.
<br /> �� ` ' � 9. Ins tion. Lender or its a ent mu mukc rcu,onuble entries u ►n and im ���ons of thr n Lender shull -
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<br /> : �' :�►sy:=•.=� �• give Borrower nwice At Ihe time of or prior to un insperti�m��xcifying reiison��blr ruuse for�he inxpectiun.
<br />_ 'iy�_.`,_� '-;;�••� . 16. Condemnation. The proreedy ot'uny owurd or rlafm fur Jum���e�,direc�or ron>eyuentiul.in ronnection with uny _
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