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<br /> perio�th�t L.cnder roqulrc+�, The inw�anco c�uricr pmvidin�tpo iiuura�oe ehall b�c6onen My Bomnwar wbjoct to Lendarti
<br /> . �pprovW which nhall nw bo urrrewaa�l�ly wiUthcid. If Bartowe�fafl�to m�lnuin ccwer�ao descdbcd aM�ve.l.endu nwy,+N
<br /> L.a�der�optian.obt�in oovea�e w peotact L�wkrti ri�htx In tlte flropnty in�cc�urd�nce wlth pxngrapU'1.
<br /> All inwr�nce policks�nd�enewds shd�be�a�pt�bk to Lender and atuill Include a�undwd mort��e clarure. Lrnder
<br /> , �hall turve the t��ht w hold�he policia�nd rieoewdr. lf I.ender ocqui�es.Borrower cbQl p�omptlY�ive to I.ender dl neaeipb
<br /> of pdd pamium:and reoewnl noticei. In the event of luss.Bormwer shall�ive prompt notice to Ihe inwrance c�rrier�nd
<br /> L.andee. Lender muy mel�e proof of losa if na made p�omptly by Bc�rtower.
<br /> Unle.ga Lender and Bamwer dherwise�g�+ee in w�iting,inRUmnce praeeeds shall be�pplicd ta restaration a�p�ir of
<br /> ' "� -' 11xp�Ay damaged. iF the nestoaulon or Rpa1r iR economicolly i'casiblo nn� l.ender s security is �x�t Ic+r�:�Kxi. If the
<br /> irstoration or apair is not cconomically fea�ible ar Lenderh security wouid bo lesxened,�he Incunnce procoocl��fiall bo
<br /> appNed to tho sums securcd by this Secudty Instrurnont. whcU►esr or nat Ihen due. wi�h any cacen+p�id ta Horrower. IF
<br /> -- Bomower Abandons the Property.or daes nat an�wer wlthin 30 duyx a notice fromi L.ender that thc iocumnce carrier has
<br /> � of'feted to seuk a claim,then l.ender may colkct 1he fneurance pmceedR. Lender may use�he proceeds lo rc�si�or neetone
<br /> the Property ar to p�y suma sxwed by this Securiry In�rument,whcqier or rat then due. The 30�day pc�lud w11i be�in when
<br /> - -- the�otice is givrn.
<br /> Unkss l.ender and&.mowe�o�he�wise agree in wriling,any applica�ion af proaeds ta principnl shuil nut extend or
<br /> postpo�e the due date of tt�;monthly payraems referr�ed to in paragraphs I and 2 or cfw�ge ihe amount of thc puymenls. If
<br /> unde�puagr,�ph 21 the Property js acyuued by Lender. Borrowerk nght to uny insurancc policies and proceeds resulting
<br />__,��, frnm daaugc t�thc Ptnperty prior to 1he xquisitian shall paKS to lxnder 10 die exte�t of Ihe aums recurcd by thix Serurity
<br /> -- Inswment iRentediately prior to the ucquisition.
<br /> ,:��� 6. Occup�ocy, Pnservalion, Nladatepance Aad Protection of tt�e Propc�ty; Borrower's l.oan Application;
<br /> _�� I.easeholda, Borrower shall occu estc�blish,nnd use the rt ac Bomower� nei rc�idence within sixt da s a6ier !''`:
<br /> „�,�:.m�� PY. � Y P'� P� �' y ,�-
<br /> -.: y�*`��,�' tfi�t executinn of tl�is Sceuris�•lnsuument and shall conti�eue 1�occupy the Pmpeay as Borrower�principal rexidence for at �;°�'
<br /> _�:� �:�'�'�,' leasl ane yepr ufier the date af occupancy. unlesa Lender othervvise Agmes in writing, which consent shall nd be -
<br /> -_-` unreasonably withheld.or unless ex�enuueu��c�rcumsstances exist which ore beyond Bomowerl control. Borrower sltall nat
<br /> •�":+ � destroy,dao�aee or impair the Prory�ny,uVlaw�he Property la dete�forate,or commit wc.st�on �he Propeny. Borrower sholl
<br />�;�;' .�s be in default it anX forfeitute action or praceeding,whether civil or criminal,is begun tha�in Lender's good faith judgment
<br /> N.Y.-.
<br /> _� ..�;:�j�%�� could rcsult in forfei�ure a�6 the Property or otherwirx mu�erially impuir the lien created by thia Security Instrument or �u;�__
<br /> .� .
<br /> l.ender�s securitv interest. Y�orrower moy cure xuch u default und reinstate,uti pravid�d in pamFraph 18,by cuusiog the u�:tion ��:_:
<br /> '�{`t< ' or proceediag sa+be diKrniaxed with a mling thut. in Lenderk gaod faith detern�munon.preciudes iuriciiure ui'me nartiwer's =•�
<br /> ."'�I%:' intercxt in eB►� 'Pn�peAy or other mute�iul impairnient of the Ikn creuted by�his Security Ins�roment or Lenderk secu�ity
<br /> ��;;<<'.• inlerest. B�arrnwer shall al�so be in defnult if Borrower. during the laun opplication proress, gave materially falr,e or
<br /> -�`'� inaccurate inlFormation ar statements to Lender(or iailed to provide Lender with any material infarmation)in connection with
<br /> ' t9ee.loan evidenced b the Notr. includin , but nut licmited w. re resentu�ions canarning Borrower:s occupancy of the �-°-`
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<br />_ �7f' �Pmpedy us u principul residence. If this Security In�a2ument is on a Irusehold,Borrnµ�_r shall comply wi�h ull M�e provisions ��.-._
<br />-�:�:'� ---- — - of the iea.ce. if Sorrower ai.�yuires irr�i�cr�•�1�Fro�rrty.the k�.�chold and ihr£zY t:,�N3�a!!nnt merge su►less Lendtr agmes •�':?'_
<br />- :::';;�. ���':,": to the merger in writing. --
<br /> ;!t��" 7. Pra4PMton of I.ender's Ri�Q�¢s dw the Properly. If Borrawer fuilx to perfurm thc covenums �nd agreemen�s —
<br /> "�;��• � contoined in this Serurl�y lnstrument, or there is u legul pracecJing �hat muy SignificanUy affec�Lender's rights in the . �
<br /> ,,•'' ��;� r��r:; �'` Pro�rty(�+uch us u procee�ing in bunkruptcy,probate,for condemnution ar fortiiture or to enforcc luws ar regulc►tions),then {�,;.
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<br /> •�++�- , , ,; � Lender mny do und ps+y for wha�ever i.nece.sury to pmtec� �he voluc of the f°rnJ�erty�+nd Leixtcrz rights in the Property.
<br /> -���':s `�',:':a:~,'. ' Le.nder's actions mny include paying uny sums sccured by u lien which hu.+pr�cxii� �ver �bi�Security In.�n�ment,appeuring _--
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<br /> -:� � in court,paying reawnuble�uomeyti feex und emering on �he Pmpeny to make repuin. Allhough Lender may tuke action __
<br /> � , - �,.� under thiK paragruph 7,I.ender docti n��t hnvc io do tio. -
<br /> ���,; . Any amounts di.bur.ed by Lerxier under thin purn�ruph 7 �hull Ikcome udditionul deM ��f Bamnwer +ecured by thi. .,�;,
<br /> - Y.,:. ;� Sccurity lnxtromem. Unlc.,Borrowcr und Lrnder ug�ce tn�Hhcr temi,of puyment,the� um�wrns xhull heur interes�from the ,.;
<br /> -,�F, :�?"•;�:�}'���.�i� dute of dixbunement ut Ihe Note ru�e und xhull t�puyuble, wiih imere��,up►n noticr irom Lcnder�o Borrower r�quextiog ,",.;
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<br /> : ;a�..r.r,ti•�4;:.f:c;•.; & Mot�tgage InsurAnce. If Lender reyuireJ mongugc intiurunce u�u condition of muking the laan �ecured by this
<br /> �f1'� � `� ' ��s�<<yt�$,;'' Securit Instrument, &xrowc�+hall r �hc rcmium� r� uircJ to maimuin Ihr marl�a e inKUrance in rt'fect. If, for nn �_.'_,�
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<br /> - �,•t, r,.� -.-'�: s+eQ�ott. tlte �??�Rg!+oP In�ur.tnc•� _'ot�eragc rcq�i�cd by Lrnder iup,c� or ce•ru� �t� t+e in rf'fect. Borrowcr ,hull puy the n�.'
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<br />- ,, s•�.:.���....;'.. premiumx rcyuired to oMtuin cuvcrugc .ul►,�antially eyuivrlrn� [u�hc mongag:� in�umncc previoudy in effcrt,ut u coxt •'��
<br /> - ,��?��•:��. ..• ... substnntiully eyuivulcnt to thc cox� to[iurn►wer ol'thr monguge intiuraix:c prr�•inutily in rl'fcc�,from an alternatc mohguge ��[:�;.
<br /> :'::? '�"�'�"• .,�:. . '. - insurer upproved by Lcnder. If sub,lunlially eyuival�ni nxxl�ugc in,urancc a►vcragc ia�u�uvailuBlc.Borcower shall pay t� I�Y���
<br /> -. :�� __,;�...._..� . . Lender ench rnaMh u sum eyual�o onr-twelf�h of�h�yra�ly� rnnrtgug�� in.ur:�ncr premium Ixing p•rid by Borrower when thc e'
<br /> - . insur�nce c�reragr lupxed or cea,rd�o Ix in rffrci. LenJcr will accep�.u,e anJ r.iain thc�e paymenk us a lu��re�rrve in licu �1-,
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<br />_,..J - .��,: �'.`� of monguge insurancc. Losw rc�ervc p�ymenl� nwy iio lunger Ix reyuircd,a� ihe opiion of Lendcr.it'm�mgaF�insurunce ��:+;�
<br />_ n-`• ••,*._,,,��;t��'�r coveruge(in thc umoum unJ for die�xri�xi thul l.cncler r�yuirc�l providcd h� an in.urcr appn�vcJ ny Lender apain ix:romcs ��
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<br /> _ . - ,.��t'�:;�.,,� ;,vuilaMe unJ i.obluineJ.Borrower�hall.�y�hr prernium.rcyuireJ to mairn•rin m„rt�agr intiurnncr m rffcrt,nr to pruvidc u �
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<br /> - -? ";,.r' loss rererve.unlil the reyuircmrnt f'or nu,ne.iF:in+urancr end�in ucrurdunre��ilh uny�wrillen �iFr�rmrnl t►clween&�rrower
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<br /> ��.. • : ,:4;, �t,;,`Y'+; nnd Lender or npplicuble Inw. �`�'
<br /> , ,: . .�.:; 9. Inspection. L�ncler or i�.agrnt may rnakr rca�unuhk cnlrir,u�x►n anJ im�xrtion+ uf Ih�I'ro�xrty, Lcn�k�shull
<br /> }y:� .•+��,;'J;,;;..; - `.:��''s,;';�. give 8orn�wer notice a�thr timc uf ur priur lu��n in,�xrtion>�xrif'yinE r�;i.�maMc r.iu,c tiir�hr in.�xciion. �
<br /> - .. .•',ic''��,-':s�;;�.':;�;i����• 10. Condemnptio�a. 'fhc pmcrrJ,ol'uny uuurJ ur claim I'iir dum.i�:r,.din�rl ur ran�cyurntial.in cunncr�iun wi�h nny -;
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