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<br /> �-'�` � : , Hrc i�au�no�shxii be chosen by Bawwec sub�c�eta rsnder?� , '
<br /> < period�ilat iretdec requiRS. 7Le inunnr.�e can�ice providi�
<br /> -- --_--��1 na 6e w�ne,�aon�bly wi�hekl. i�BamYVer fail�io m�ruain roverage dcscn'bod aEove.�ender may.�t -
<br /> �� Le6derl�aptaR,ob�7n caven�e to pra�fcrt.ender�rr�in tiie �in�eccxQ�ce iVitit paragrs�-?.-- -----
<br /> All Luuran¢t Policies�nd rencwalg shtlfi 6e acceptaDk ta����sude�standud tna�tgaL ader U �r�
<br /> sbNt have tbe d61�t co haW lbe policits and reAew�ts..If Le�xler m�; ' P�!P�Y 8�
<br /> � �P+�P'�iums and n�ew�l notices. In thc e�du�t lass.�orrywer stiali give prompt nouce to the ins-urancc carrier and _
<br /> - i.euder: Eeisder asaY�t�al�a Pcaotot'loss if aot made�xomPtly bY Honower.. ` �
<br /> � ` lTisk'ss L.endec and 8orrower otperwise ag�ee u�wfitmg.insurat�cc proceeds st�li 6e apptled to�estc�tbn or�of '
<br /> t1x ptoperty d�unsged. if the nsta�tian or t�ir rs�erodiomically fe�sibk uid[:endee's sccudty iti not tcssened. -tf the -
<br /> testar�tioa`ot rcprir it aot ecsnamically feasi6k or Lenckr's se¢onry would br l��sen�.the insurar�cc.�o�ds shall.6e .
<br /> . < . ��������y��� �umrn�,wiKther ur nnt then due.with �►y exass paid to liorrower. if ,
<br /> - Barowes�6�ndais the Pmpe�ty.a daes na answer wittun 3U days a noticc fto�ri Leader that the insurance carrier h�
<br /> - - v,tx.�..,ti*..�ttte a cTairtr_ihe�t_L_entkt titly COIIeCt tht IIls4CaOCt PNCeRds• L,ender may use Ihe p[oceeds to Tepair or tiestorc
<br /> --- the ptt�pePtt�pe�or to pay snrt�s.sec�ued by ihis Sectuity Instruine�t,wTietTier or n�fo�i d[e:`i9�3�lay-peria�t w►'l�be8i�r-when-==—=' _
<br /> � ����v�' , lication af raceeds to rinci qhall not extend ot
<br /> • Unkss Lmder aad BoROwer atxcwise agnti in writing,anY aPP P P P�.
<br /> postpane the due date of tLr rtlonihl9 PaYmma�+eferred to in paragraphs 1 and.2 or change the amount of ti�ee payments. If �
<br /> onder patagrapb 21 tbe Pimrpe[tYar t ti�ie acquu tion shalr�1 pass t�o Lende�r to theywaant of the su�ms 4eeu d by tl�iis SecuritY
<br /> from damaSe to the P'ropercy pri -
<br /> insuument immediatdy prior to tbe acquisition. ,
<br /> 6. Occupaoc9, Prrseevativa, M�iatenaace snd Protection at the Property; Bocr�rrer s Laoo Appiication;
<br /> - ' ' l�ase6old�. Horrower sdall accupy,establuh.aad osc the PropertY as Borrower�s pcincipal iesidence within siaty days after
<br /> tl�e e�cecutiocs of t6is Security but�umeat anA shall coatinue to occupy the Pmpeny as Homnwer's priucipal residence for at .
<br /> least an year after tbe date:of occupancy,,unless Lender otherwise ag�ees in.writiag, which consen[ shait not be
<br /> _ _ wueasonably w�d�held,or unlass e�t�nuating nrcumstances exist wbich are beyond Brnmwer's ca►uvt. Borrawer shali nat
<br /> de�tiroy,damage or impair the Property.altow tht P�nperty to deteriaate.ar commit waste on the PrupeccY. Bo�mwer shall� ,
<br />' .ti- • be in defaalt if any forfeitwe actlon.or proeeeding,whether civil or criminal.is began d�at in[.ender�s good faith,judgment
<br /> ��'` cauid r+esuit in�fo�feiture of the PropeRy or otfierwise materially impair the lien cieated by this Secarity Instivment or
<br /> Lendec's secucity interest. Horrower may cure stieh a defadlt and r�einstate.ag provided in QaraS�aph�8.6Y��8 the action
<br /> rap
<br /> -- or pcacaaling ta tse disni�ssed with a r�elin�thac.in Lende�'�g�nd faitb determinaci°n.precludc�forfeitare of tHe Horrower's �
<br /> � �nterest in tt�e Pcoparty or other material impairment of the lien created by ihis Security Instnunent o�I:eader's securiry
<br />"`..•,' , int�est, Bocrowet shall also�be in defaWt if Borrower,during the toan applicarion �nocess.Save materialty false or ,.
<br /> inaccteate infoRnation or statementa to l.ender(or failed to pmvide l.endet witli any material infom�ation)in connecuon with _
<br />_'::;ai;;7, • tbe tuan evideneed by the Note, inctuding. 6ut not limited to, rep�sentations conceming Bomnwer's bccupancy of the
<br /> r:�a�,�,, Pcvperty ac a prineipal residence. If this Securiry Instrument is on a le�sehold.Borrower shall comply with all the pravisions�
<br /> ��"• � of the lease. If Bortower acquires fee title to tfie PrapeRy.the teasehotd and the fee tide shall nat merge unlese I.ender agrees
<br /> to the metger ia wripng.
<br /> �" 7. pmttction d Ltnder's Rights in the Pr�e�ty. If Barrower fails to pedorm the cavenants and a�r�eements
<br /> contained in this Securiry Ins�rt�ment,or there is a tegal procceding that may sigmficanQy affect Len�er's rights in the
<br /> Property(such�s a praceeding in bankruptcy.probate,for condemnation or farfe�ture or ta enfarce laws or regnlations),then
<br /> � Lender may do:uid pay far whatever is necessary w protect the vatue of the Praperty and Lender's righGs in the.Property
<br /> i,cndes•s actions may inciude paying any sum�u�ured by a lien which fla.�c priotity over this Security Instrument,appeanng
<br /> in�ourt.paying reawnahte attomey.r•'fees and entering on the Propeny ta make rcQain�.Although l.ender muy take artion
<br /> under this par,�raph 7.Lender docs nat have to da sa.
<br /> Any amoun�v dis6ursed by l.ender undcr this parugraph�shall becnme additianal debt ai Bortower secured by thi�
<br />- Security Insuumen� Unlexs Horrawer And Lender�grce to nther tertn�oi payment,thetie uinauntr tihali hcar interetit fram Ihe
<br /> � date of di.sbuisement at ihc Nate rate su►d shall t+c payablc.with interest,u�x�n natice from l.ender ta Bormw�r�equcxti�g
<br /> . .,. Payment.
<br /> & Mortgage Insurance. It Lender required mortgage inhum�ce as a c�mditinn ai malcing the laan�cc�ured by thiti
<br /> • : ��;. Security Mstrument,Borrowcr shall pay the premiums recjuired ta mainwin the mortgage intiurance in eifech. 1� for:u►y
<br /> • "�.' reason,the mart�e insurance caverage rcyuired by Lendcr lapses or ceases to bc in eifect, Bcsrrowcr shall pay the
<br /> � premiums required to obtain caverage substantially eyuivalent to the mangage insurance previnuy�y in effect.at a ca�t
<br /> a° ��_c: substantially equivalent ta the eost to Bonower of the mo»gage iacurance previoutily in effeet.fram an ultemate mortgs��
<br /> -` �nsurer approved by Lender. If subvtantially equivalen�mortgage insurnnce cc>vcrage��:not available.Barrower xhall pay co
<br /> -_� �' txnder each monih a sum equal to one-twelftb ot the yearly mortgage insurance premiam beins paid by Borcower when the
<br />.�;�,'.;��: �nsurnnce coverage IapseA or ceased to be in effect. Lender will accept.u.r•e And retain tfiese payments us a loss reserve in lieu
<br />-=1�.-�x:: • of martgage insuranre: Loss re�erve payment.r may aa langer be rcquired at the ap�ion of L.ender,if mortguge insuranco
<br />":°;;r =. coverage(in thc Amaunt und for the period that 4ender rcyuires)pravided by an imurer approved by Lender again becomes
<br /> � � �� available pnd is obtained.Banower shAil pay thc prc�niumw required to m.�int:�in mortgagc insurance m effecb or to provide a
<br /> - - tosy.c:�rrc,un:it�ke reyt=�retttpn!f^r s'^Ag�g`•'ncmm�Fw Pnetc in:�ccc+rd:u�ce with s�nv written agrecmeat between Barrawer .
<br /> � - and Lender or applicuble law.
<br /> 9 Inspeetioo. Lender ar its vgent may makc rea.�onabtc cntrics upon:u�d in�pectinnc af the PropeAy. Lender sh�ill
<br />- give BaROwer notice at the timt of ar prioc to an inspectian tipecifying rea.�onable cau�e far the inspectivn.
<br /> 1p, Cpnttemnation. The prnceedc of any oward or cluim for damages.din::t�sr conccquential.in cannection with ftny
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<br /> cre.n Uac�eaahne sauy tec.•
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