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<br /> padods�hat l.et�der roquirce. 71�e Inwm�ce canler provlAin�tlw i�uunu�ce�hdl 6e chaen by Brxrower wbject to I.errderY
<br /> �pproviJ v►fiich slull not bo.wa�aa�on�Wy wlthheld. If Parower f�il�to m�intafn caver�dwcribed�bov�r.t.GwYer n�y��t
<br /> ' t.e�derti aption,cku�in oov�nµe�P�o�c�Lende�ti risiw in the Propetty in�ocontmce wlth Pu��nDh 7.
<br /> All inaurmce potkios a�d r+encw�i�ah�ll bo acceptable a Lender�nd�11 include�sta�d+ud matg��o ciw�o. I.ender
<br /> �haU hsvo�he ri��lu w hold the policiea�nd rcnewds. If Lerder require�,Ho�rowcr�II promp�ly�ive to l.ender�11 roceiput
<br /> • of p�id premiuma and Rnew�l notIces. ln th�ave,�t of(oas,Sarrower ehall�iva panpt nake W tha inwra�¢urbr and
<br /> Lender. L.ender m�y m�tte proof of loe�if not m�de promptly by Borrowef.
<br /> UnIG+s l.ender�nd Bortower otl�ervviso agnx in writing,insut�nce pnx�eeds�11 be�ppliod w rostor�tion or ropair oP
<br /> •-- tlx�pr rty danwgcd,lf the restomtlon or repuir is economlcally fea�i6lc and Lertder4 eecudty i�s nd lessencd. If Ihe
<br /> �n a�ir is nat ecawmically feasibk or t.emlor�securlty wauld bo le�ened. �ha Incuance proreeds sfWl be
<br /> �pplied to the suma secwed by this Securfty insnvmenl,whether ar nat �hen due, wf�h any eacess paid to Bacrower. If
<br /> g�Wr��don�tlio ponppty,or does not answer wllhin 30 days a nodce from Lendsr th�t the insurance carrier hps
<br /> oflered to ceule a c1Aim.Ihen I.ender may eolicet the Insuranco pmceeds. L.e�der muy use the procads to nepair or nestate
<br /> 1lto Property�r to p�y wma caured by thie Securlty lnsd�wnent.whether or not then due. Tho 30�day pe�iad will be�in when
<br /> the notice ia given,
<br /> Unless Lendcr und Bnrrower otlw�rwlse agree in wdting,any applicadon of pracads to princlpal shal!not extend or
<br /> pos�pone the due date of the mon�hly payments rofarrcd to in parc�graphs I uxf 2 or chonge tha wnaunt of the pAyments. If
<br /> under pnragraph 21 the Property is acquired by Lender,Botrower's dght to any insur�nce policies and procads resulting
<br /> firom damp$e to the I'iupetly priot!01he acquisition shall pass to I.ender to Iho exlrnt of the sum�secured by lhis SecurUy
<br /> InrwrrcnF�mmediately prior lo the acqui�i�ion.
<br /> 6. OccupAncy, Preservwtion. Maiatemnce and Protection o� Ide Property; Borrower'� Leon ApplicAiJan;
<br /> l,emehul�s. Bortawer shall accupy.establish.und use the Property as Bomnwerk principal residence within sisry day�aYaer
<br /> _ �� the exacution of�hls Securlty Irtsnument and alwll continue ta occupy�he Pmperty ax Borrowerh pdncipal�esidence for nt
<br /> �east ane year afler d�e data of occupuncy. unless L.ender otherwire agrees in writing, which consent shall not be
<br /> u�ueasoqat�ly withhold.or unkss extenuating circumstances exist which uro beyond Borrower'�conuul. Borrower shall not
<br /> - desuoy,damagt or impair�ha Properry,allow the Property ta dete�iorate.or commit wagte on the Propeny. Bomower shall
<br /> _ be in defAWt if any furfeitwa ection or praceeding.whe�her civil or criminal, fs begun thut in l.ender�gaod faith judgment
<br /> could n�ult in forfeiture of the 1't�perty or alkrwir,e materlally impair�he lien crcated by lhis Securiry Instrument or
<br /> - Lender a�.'curity inprmt. Borrower may cure guch a default and rcfnstate.as pmvided in puragraph 18,by cuusing the action
<br /> or pro�eedin$�o be Jipnissed wi�h a ruling that,in Lender 4 good fai.h determinntion.p�cludes forfeilure of the Bomower?� •
<br />:.'� inte�Cst ia:the Propeny or other material impafrment of the lien crealed by this Secudty Instrumenl nr l.ender�s security •.
<br />-- intenegt. porrow�r shall ulso be in default if Bomower, during the lonn npplication process, gave materially fulse or
<br /> ,�z � inaocuraie information or atetemenls to Lender(or fuiled to provide Lender with ony matarial informntion)in connection with
<br /> -' ! the loan �videnced 6y the Note,including. bul not limited to. representations conceming Borrower's occupancy of ihe
<br /> ��;�. I Propet ty�ds a principal�sidence. If this Securiry Instrument is on u leu�ehold.Borrower Rhall camply wi�h all the ptavisions
<br />;-a.� af thc k�:,c. !4 BamsuKr scquires ft�title to the Prnperty.the knsehnld nrn!�he iee tiUe shall not merge unless Lender agreea
<br />,.}f. to t6e mergcr in wdting.
<br /> 7, Protectlon of Lender•s Rights in ihe Property. If Borrawcr fuil+ �o perform the co��enanGc and agreenent9
<br /> _ .> cont�ined !n this Security Instrvment,or�here is a legal praeeJing that may .r•ignificumly affect Lender's righ�s ih the
<br />��'�, Pn�perty(such as a praceeding�r bunkniptcy,probnte,far rnndemnatian or forfeiture ar to enforce lows or regulutions),then
<br /> • Lender may do and pay for whatever is necexsury to protect�he vulue of�hc Propeny und Lender c ti�hts in the Property.
<br /> l.ender's ncdons muy include paying any sumx secumd by u lien whirh hus priarity ovcr thin Security lnetn�ment, oppearins
<br /> w in coun,paying reationable anprneys'kex and entering on �he Piopeny ta muke rrpnire. Al�lwugh l.ender may wke action
<br /> undor this parngrnph 7,Lendcr dces nat huve�o do so.
<br /> Any emounlx disbur.�ed by Lender under�his purugruph 7 xhull bec�xne uddilianul debt oP Borrower secured by this
<br /> Security Insirument. Untess Barrowcr und Lender agree la inher terms nf payment,�hesc umounts shall beor interest from Ihe
<br /> date of diabun�ement o� ihe Note rutc and shull be puy�ble,with interes�.upon notice from Lender to 8omower reques�ing
<br /> _ '_;y'' payment. -
<br /> 8. MortgAge Insurance. lf Lender requircd mongage inxurunce ue v condition oi'making�he loan secured by Ihis
<br /> _. •N,�,�.:;�. Serurity Inslrument, Borrowcr �hall pay thc premiums rcyuimJ lo muintuin thc mortgu�tr insurunce in effect. If. For any
<br /> • ' �;,,,;.Fs� reuwn, the mortgag� insurn�M:e coveiugc reyuired by l.endcr lupwti��r ccu�cs 1�� be in ef'fect, eorn►wer shull puy the
<br /> w�-"i'� premiums required [o oMain cove�age xubsuuilially ryuivulcnt tu the mnn�age in�urunre previouxly in effect, at n cost
<br /> " � -��+"�.�' nubstnntiully cquivAlent to Ihe cn.t to Bortower of Ihc mongu�c in.rurancc prcviou+ly in rffcrt,Prom un ultemute mortguge
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<br /> �+`� • �`..' •� , ineurer upproved by Lender. If substantiully cyuivulem murtgugc imurunc�rovcruFr i+not uvuiluble.Bor�ower tihull pay to -
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<br />_ , r�� •�(���i�. ' Lender earh momh u sum equu! to one-twell'�h of thc yrarly man�eaEr in�urunce premium bcing puid by Borrawer when� e
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<br />;;�. _ ,,�<�.�, in�uranee covcruge lupsed or ce:�xed Iu Ix in effert. Lenikr will accrpt,u.r an.l rcluin the.c puymm�t.u.u lotis reserve n �eu
<br /> �.?+r�•'_s,P of mongage"inrurunce. Loss reserve puymcnty muy no I��n�cn c�rcyuirrd,at�hr uplion ��f L�nder,it'mortgoge insuronce -
<br /> �� �;. •,;� '` coverage(in the amount und for the perial that Lrnder nyuire.l pr�rvi�kd hp im inwrer oppnwcJ by Lender uFnin hecometi _
<br /> - �f�� � available And ix obtuioed.Burrowcr slwll pay the premium�reyuired�o muintuin mungugc in.uruncc in rfl'cct.or lo provide u
<br /> .=� "`��':�.". loss teserve,until the reyuircment 1'or m��nguge insurunce end+in urconlc�nc�wiih un,y wriucn ugrremrnt betwern Born�wer =
<br /> ±k°, � ;,�"�.•.. . :,:• .f and Lender or upplic�Me law. -
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<br /> '�,�,;y,,-,��> ,:; 9. lnspectlon. LcnJer or it� agrnt may mukc re:i.unuMr cntric�u�xm anJ imp►r�iom nf thr Proreny. Lendcr shall
<br /> � � ���c,�:s Rive Borrower notirc at thr time of ur priur tu an in.p�rli�m,�xrif�•ing na.�aiuhlc aw.r li�r the in.pecti��n.
<br /> '��..�::.:;•'�,.� 19. Condemn�tlon. Thc prck�cd.of any u��:�nl or ciuim li�r Junui���..liRrl ur con+cyurnlial.in cnnnrrlion weth uny �
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