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<br /> 93- 10�22i
<br /> perlad�dm�i.ander roqulrcs, Tho ineu�ance cwRier pruviding�he In�u�sh�ll aa ohasen by Borrower wbjoc�to l.enderw
<br /> �pprav�l whkh shdl not be unneawnably withbeld. �r ew�,w��r�i.a m.i�c.��r�o►, o a��n�e,����.I.endo�m�y.a�
<br /> La►dar�uptlon�diqin cover��e ro proteat Lr.nderti ri�hu�in the propc y in w�tA Iws�Ph 7.
<br /> All iraurrK�e policle�and renowd�thdl bo�captebie to L.ende'nind�a Wandard rn�rt��ae cl�u�e. L.ender
<br /> �hal)luwe�ho�iR1u a lald ihe policirc+uW renew�ls. lf Lender royuirc�. Bamawer siwll nromptlY aivo to Lendcr�II necelpu
<br /> ot J�id ppnlume�nd renew�l nolkes. In the avent of las�,Bomawer xhdl givo prompt ooliuo to tho Imurmco curier wtd
<br /> t.�dcr. I.ander qu�y m�ke prooY of lo��if na mAde premp�ty by Homuwcr.
<br /> Unks�l,encicr u�d Bamwer dherwi�ca pgnee in wdting.insur�nce pnx�eede�hall he upplied ta re.rtar�tian or repd�of
<br /> ---�--- tho Pr��iy �.if tl�e resiorAtion ur repufr i�eow►wnirally fe�ible and lxr�i+ �:uri�y i» �rot Ic�:�srrxrl. Ii�I�e
<br /> �estar�t on cx r fw aat econamically FeArible ar l.enderk Fccu�ity wauld be le�senad,tho imun�nce pmceeda shali be
<br /> appNod to Iho:ume rcecu�d by Ihis Sxudry Instrument. whether or not then due.with ony oxcesc paid tn Bortower. If
<br /> BcMmwor�bu�dans the Propehy,ar daes not rutswcr within 3Q dayR a noticc from Lcnder�ha�the inrurAnce curfer has
<br /> oflerod to scitle a cloim,thcn Le�dcr may collect the insurance proceedR. Lcnder muy use the proceedR to�pnir or r�catorc
<br /> _ tho Pnpeny or lo pay sums,secured by thix Security Insp�ument,whether ur not Uirn duo. Tha 3Q-day podod will be�in when
<br /> the noticc is given.
<br /> Unleas Lender and Borrower othenvise ngae in writing,uny applicntiAn of praceeds to principal shull not extend or
<br /> postpono tha due da�e af the mon�hly peyments rcferned to in pamgrnphs I end 2 or chunge the amamt oi'the pnymen�s. li
<br /> under paragraph 21 Ihe Propeny is ucquired by l.ender, Bartower's righl to uny insurntK�e policies au�d p�viceedc nesulting
<br /> from dAmage!o the Pk+opetty prior w the Acquisition sholl pa�s�o L.endar lo the aztent of�hc sw�nc�cu�ed by Ihia Serunity
<br /> Insdument immediatcly prior to Uicxq uisition.
<br /> 6. Oecups�r�c� Pnser��tioa, MainlenAnee And Pratectioa a�Wc Property; Bo�awer's Lvaa ApplicAtloa;
<br /> I.eptehalda Borrower shall accupy,establish.and ure�he Propeny as Bomawer's principal rcsidence within�ixty days after
<br /> ___ __ ____� the execution of this Security Inswment sind shall continue to accupy the Property as Borrowe��s priocipal axidence far at
<br /> leas� ane yeu after the date of occupancy, unless Lemier c►therwise agrees in wridng, which consent shall not be
<br /> �� utueasoaably withheld.or unless extenuating circwnstances exist which�rc beyand 8arnowert contral. BoRUwer shall not
<br /> _ destroy,dwnage ar imp�ir the Property,allow the Propeny to detrtaarute.or cammit wnstc on the Propeny. Borrower shall
<br /> be in defoult if any(orf'eitu�e Action or proceedin�,whether civil o�crim inal, is begun that in Lender's gond faith judgmenl
<br /> -�«, could result in forfeiture of the Property or othcv�wase muterially impair the lien created by this Security Instrument or
<br />_�- ,.... Lenderk securiry inter+est. Borm�ver may c��re suc7a;,�efault and rtfnstute,ati pruvided in pur�graph 18.by cAUSing the ac�ion
<br /> —�;������:� or procceding ta be dismissed with u ndiog thut.ln Lender's good faith dekrmination,prccludes forfeiture of Ihe Hamnwer!�
<br /> TL�:�����• interest in the Pr or other mAte�al im innent of the lien crcuted b this Securit Instrument or Lenderh securit
<br /> - �:.v�.�r.� �Y PA Y Y Y
<br /> �:��°� interest. Borrower shall AI30 be i� �fAUlt if Borrower. during the loan application pra:ess, gove materiully false or
<br /> inaccurnte information or statements to Lender(or fuiled to provide Lendrrwi�h any ma�erinl informutian)in connection with
<br /> _� fec�9 the loan evidenced by the Nwe, including, but not limited ta. representations caMerning Bormwer4 occupw�cy of the
<br /> _,�,, �� [�roperty as a princlpal residence. If.e�his Securit��Instniment is an a lea+etiold, Borr��wer shall camply with all the proviAions
<br /> _ - -----••_- of the lesse. !f B�eso�7u acqulres f°.e::k tn the Pmjxtty.the,�as;hold as�d thc fcc tislc sha::ak�:mcrgc unlcss l.rndcr at,�.s
<br /> � '�yi a`?';��', � to the merger in wriling. •
<br /> 7. Protectlon of l.ender's R3gh�c M the Paoperty li aorrower fuilx to perfortn ific covenunts �nd agreements
<br /> .�, contnined in this Securiry Instrument, or Ihere fis a legul procceding tha� muy signific�ndy uffect Lender's righ�s in the
<br />_. P�operty(such as u proceeding in bankrupicy,JIf CfbAle,for condemnu�ion or forfei�ure or�o enforre luws or regulutions).then
<br /> ", Lender mey do und paJ tar whatever ls necessary to pmtect�he vplue of the Propeny nnd Lender r rights in the Property. �
<br /> I.ender:s ucticx�s may include paying z►ny xums secured by u lien which h:�s priority over�his Security Inslrumem,appeiuing
<br />_ � Jl�,��r in coun,paying reawnable nttomeys'fees and entering on ihe Pmpeny eo muke repuir�.Although Lender may take uaion
<br /> ,.,��r,;;.t under this parngmph 7,Lcnder does not hAVe to do so.
<br /> Any amounts dis6uned by I,ender under this purugruph 7 shull hecome additionnl debt of Bormwer secured by this � -
<br /> Security Inxtrument. Un;esx Bnmower and Lender oFrcc to oiher tertm of poyn�em,the�e umauntx shall benr imerest frorn the
<br />--- — . ' date of disbursemcnt ut�he Nae raie and shall be puyuble,wi�h interest.upon nouce from Lerxkr to Borrower reyuesting
<br /> �.r:;;�
<br />' � �'�'���.�• Payment.
<br /> 8. Mortgage Insuranee. lf Lender requircd mcxtFaFe insurancr u+u condition of mnking the loon secured P3 ih�:
<br />_ , , .�•. Security Instrument,Borrower shall pay�he premiums rcquircd t�� muintain the mnngage in,urunce in effect. If,for un��
<br /> �,!}.,. reoson, �he mortgoge msur.�nce cmeruge rcyuisecl by Lcnder lup,es or cea,es to hr in eff'ec6 Borrower �hull pAy the
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<br /> ,�:��=;. . , , premiumti required to obtuin crneruge xubs�mtti;�1]� ryuivulent to �he mongnFe insurunce previaucly In effert, m u cost -
<br /> '. ;,i.+1�;' r!'� substuntiull e uivuknt la the rort lo Borruwer of Ihe moh�u�e in,urunce revioutil in effec�. Prom an allemale mort u e -
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<br /> . �+� ;�'" ';t in4urer upprovcd by l.ender. If.ubstunliully eyuivalenl m��ngu�c in,uronce coveragc i�nrn.i��ailuMe,Bormwer shull pay to
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<br />_ . t;��1,��. Lende�euch month a sum eyuul r.�ane-twrltlh of Ihe yeurly monguge in.uruncr prrmium heing paid by Borrower when Ihe _
<br />-- :1 �� �.. ,;:� insurance coveroge lapzed or ceased to Fx in eff'ect. Lencler will uccrpt.u.e ond rewin�he.r paymcnl,a.u Ims reserve in licu _
<br /> ;.� , r�?;� ,:f«, uf monguge inxurunce. Los�re,+erve puyment� m��y no longer br reyuired,ut the oplion M'I.ender,it'mnrlgo€e inwrance �
<br /> '�, ��;;,;,. covemge(in the amount unJ For the pericKl tha�LenJrr rcquirc�)pre►vidrd b}•un in.urer appru�-rJ hy LrnJer uguin hecomex �
<br /> �:_ �'-4�,���' uvnilable:uid is obtnined.Borcow•�r,fiall puy�he prcmium,required to m��in�ain mong.igr in�urancr in rt'fect,or to pmvide u =
<br /> :;",� „�,,:'.<<;��y.�°�� loxs rexerve, umil �he reyuirement for mortgugr insurunce end,in acconlunce wilh any wrilaen ugn:emrnt brlween Borr�wer `
<br />���.+• �,��+,''•'��.'�.��� und Lender or upplicable luw. _
<br /> "�'"'' �)ti 9. las tion. Lcndcr or it.;i_ent tna rnukc reu+unahle entries u n uixl im .tio��ti af thr Pro r1 Lendzt tihul] -
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<br /> +�'�.,,;.`,,.{��;,A,�; give Borrower notice at�he time of or p:iar tc�rr�uns��ec�i�m,prcifying ma�anuble a�u,r fi,r Ihc inspection. °
<br /> '; � :,�`.;;;fr��;�r';t. 10. Condemnatiop. 7'he prcxerd,n!ar�. a�arJ or claim ti►r dumu�c,.dirtc�eu con.eyu�u�iial.in cunnerlion K�itQ��uty -
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