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<br /> ` � peniada that t.eeder ayuircs. �t'�e tnsur�nce c�rieF puviding tbe ins�tance sha��b�cnoscn b�Eoaowci suKjecc co I.enaer�s t ,
<br /> � approwl which shs!!not be unreasattai�y withheld. IF�orrower fails to maiotafn coverage de$cribed nbove,Lender may:at . _
<br /> —-- - - -- =-f:snde:Sc upiiat►:o6t�in�nvearge w ptoU:��t l.eitQer's tiglus in tite t'tapccty i�t arcosda�t�s with par.►�r.�h?.- . = --- -
<br /> AI!iosu►ance pol�ies and m�evvals shall be xcrptable to Lenck�And�hall it�ciudc a st�ndvd mortgage clause. Lender
<br /> si�alf have tha dght ta haW the policies and�enewats. If Lendcr tequires.Borrnwer shall promptly give to Lender all r+eceipts
<br /> o��id p�+emium.4 utd renewal natices.�tn the event of tas.Borrawer shaU give prompt aotire to the incwrance carrier and ,
<br /> _ - isedcL Lsndei ma�►tn�lc�p�vof oF toss if not made promPtlY 69 Borrower. ' ` .
<br /> Unkss Len�lec and Boaower atGerwise agree in wr►ting.insur•mce pco��eedy shali he apptied to r�staratior�ar repairaf _
<br /> the Pto�erty damaged.if the restoration or,apair is econcii�tip!!y fs:ticible�nd L:enders sewriry is nut lessraed. If tfte .
<br /> - rtstoratiae ar tepaic ls�t ecaianically feasb[e or l.ender�secunty woul�be lessened,the insurance proceeds shaii be
<br /> appliod to the sumc securrA py this Secuiity Instrument.whether or not then due.with any excess paid to Borrowu. if
<br /> Baimwer abandons th�Propeny,a does rat.answer within 30 days a notire fr�om[.ender tha►the.insuranC�e carrier ha� .
<br /> at1'ered to settk a claim,then Lender may collect tUe insurance-proceedc. l..ender�inay ux the Praceeds to repvr or restoEt
<br /> _ . the ptoperty orw pay sums socu�ed by this Security Insuumen�whcther or not then due. The 3(�day period wili begin when
<br />,��=- the natice is given. •
<br />-,.,,- tlnless Lender and Barrawcr athenvise agrec in writittg,any application of praceeds to principal skdl not extend or _..__
<br /> ' postpone the dne dat�of the monthly payments referred ta in parag�aphs 1 and 2 or change the amouat of tl�e paymenis. If
<br />= = under paragrapb�1 the Property is acquired by Lender.Bocrower�rigbt to any iasurance policies anci pcoceeds nesulting
<br /> from damagr to the Property Qrior w the acquisiti�shnll pass to Lrnder to the extent of Ihe xu�s secured by this Secueiry •
<br />- . •f;� Insuumene immediauly prior w the acquisidon. � '
<br /> 6. Oceup�ney, Presen+atlon. Matateasnce aad Protectioo ot the Pmperty: Borruwu's Loan Application;
<br /> �-:�':`:.: I.easebolds..Bo[rower shali occupy,establish,and use the Pmpe[ty as Borrower's principat residence within sixty days after _ �
<br /> the�execution of this Serurity Inswment and shalt continue to accupy the Property as Bortower's•principal residence for at =_------
<br /> -°<`+�'� kast one year after the�date.of occupancy,.unless /.ender otherwise ap�ees in writing. �vhicb conseat shaf! not be �=�•M—_
<br /> - �. unreasonabty withheld,or unless eatenuating c��umstances exist which ar�c beyond Bomower's•control. Bortnwer shall not� �+=
<br /> , de.strc►y.damage or ttnpair the Pmperty.apow the Pmperty to deteriorate,or eommit w�ste a�tbe P�npecty. Bornower shall � :-x:�_- _
<br /> . i�� be in defauh if a�ry forfe'ttu�e action or p�oceedirtg,whelNer rivil or criminal.is begun that in Lender's good faith judgment - -t-;-r,.
<br /> , } could.cesult in forfeiture of the Propecey or otherwise materialiy impair the licn created by this Security Instrument or � �;�,'�'�� -__
<br /> ,,° � l.ender's securiry imenest. Banawer may cure such a defaalt and reinstate.a9 pmvided in paragraph 18.by caa�ing the actia� .'.�. _
<br /> . �.:� or proceeding to 6e dismissed with a ruling that.in Lender's good faith determin�tion.pnecludes forfeiture of the Borrower's :��•�.� -_
<br /> ,�;G interest in the Property or other material impaim�ent of the lIen created by this Security In�trument or l.ender's security ':-�r •�.°-��.-
<br /> -�-� interesG Horrower shal} also be in defau{t if 8orrower, daring the loan application process. gave materialty false ar - _ . . .
<br /> � , ' � ri;; inaccurnte infocmaubn or statements to Lender(or faited to provide I.ender with any materiai informatioa)in conneceion with - � �_
<br /> the loan evidenced by the Note. including. but not limited to. rept+esentationa conceming Borrawer's occupancy of the "'=�a::'_�-
<br /> � � P[operty as a ptirtcipal resiAence. If this Secudty Instrument is on a Ieasebotd.Borrower shall comply with all the provisiesis `�.����'�•--
<br /> ,"� of the lease. If Borrower acquires fee title to the Property,the leacehotd and the fee title sha11 not me�e anle:s Lender agrees �-`�°''
<br /> � � to the mer�er in writing. �� t
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<br />-• ."�f-- ?. Frotection ot I.ender's Rights in the Property. If Borrower fuila to perfortn the covenants and agreements ' __ •��!''�`�_
<br /> ��-• -
<br /> contained in this Security Instrument. or there is a tegal prQreeding that may significantly affect Ixnder+rights in the _` .,. : =
<br />• � . Property(such s�a praceeding in bankruptcy.probate.for condemnatian ar forfeiture or to e»force faws or regulutioac),then - . --
<br /> ��� '�•, Lender may da and pay for whatever ic rtecessary to pratect the value of the Property and l.ender�rightc in the Property. • :=,�
<br /> ��s � Y PY € Y• Y P� Y Y PPe S �
<br /> - �.� �. �•• Lender�action.c ma inelude a in an sums secured b a lien which ha� norit aver this 5ecurIt Ir�ssrumen�a arin � _
<br /> � in caurt.paying reasonable attomeys'fee�and enterin�on thc Property to make repain.Although Lender may take action " � -
<br /> -< - -���';`''� under this paragraph?.I.ender does nnt have ta do.r•o. '
<br /> - '.�:�'�. , Any amounts disbursed by l.ender under this paragraph 7 shaA became additional dcbt af Borrower recared by this • • . -
<br /> � ��� Security In.rtn�ment. Unless Barrower und l.ender agree to other terms af paymcnt,these Amaun�s shall bear interest from thc � �
<br /> _ �� � date of disbursement at the Nate rate and shall bc payable.with interest,upun notice from Lender to Banower requesting ::��;
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<br /> •�:r;�: Payment. n.�;
<br /> ' ,���,: 8. Mortgage Insurance. If[,cnder reyuired martga�e insurance as a condEtion of making the loan secured by this 'h
<br /> a - �_i�.,=�r�� � Securit y lnstrument.Borrower shall p a y the premiums r e quired co mttintAin thc martgage in+urance in effect. If, for any � ' . .
<br /> � �`'��'-" � teason, the mortgage inturance coveragc rcquircd by l.cnder lapse� or ccaseti to Uc �n effect. Borrower shall pay the . , •
<br /> � - '�` premiums required ta abtain coverage tiubytantially cyuivalent ta the mong:�ge intiurance previou�ly in effect,at a cast • • `'>•�
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<br /> • -;�;;.,,�,�,,;_, substantially eyuivalent to the cost to Barrower af the moRgage insurance previausly in effecK.fram An altemate mortg�ge . . ;%,..
<br /> . , . :,�;' ' insurer Appraved by Lendcr. If�,ub�tantially eyuivalent mortgage imuraace coverage is not avail�bfe.BaROwer shall pay to , , �,r,
<br /> Lendcr each month a sum equal td one-twelfth of thc yearly mnrtgagc insurance prcmium bcing paid by Borrower whcn the =
<br /> �. .�,�.��; ; insurance coverage lapsed or ce�+sed to he in effect. L.cnder will arccpt,uxe and rer.�in these paymentx n.v a tcx4 reserve in lieu _�.;
<br /> �� ,:sy�. � �f mortgage insurunce. l.nss rc�erve paymenty may no I��nger lx:requircd.at the aptian of Lendrr,if mortgagc insurance -
<br /> covckage(in the amoum and fnr the pen�xf that l.ender require.r�pmvided by an in�urcr apprerved by l.ender again becometi
<br /> ��?•�,,'?;.` uvuilable and is abtained.Borrower rhall pay thc prcmium�rcquircd m maintain m��rtgagr imuranee in effect,ar to pravide a � , °. -
<br /> _'� '' . . "' loss reserve,until the reyuirctn�nt for mongage in.rurance ends in accord�nrc with.my wriltcn ag�eemcnt between gorrower �,, ;'
<br /> � ' and l.endcr ur upplicablc law. �• '
<br /> , �'�'�=:` ' 9. lns tion. l.endcr or il�a ent ma mak�rca.nnahlc entrics u n and in� �uom nf thc Prn ri Lcnder.rhall {i
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<br /> 'r��r==�� �. S�ve Banawcr nolice�t Ihc timr of��r pnar t�an impcctian s�xcifying rourunahtc cau,c f�r thc in��rtiaa. '
<br /> `1-'-����;��-' . 10 Condemnatiun. Thc pr�xcti;d�uf any award ar cts�im fur dumagry,dircrt��r c��mcqucnti.il,in ronncc�ion with:my •
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