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<br /> � perlods thot L.cnder roquirca. 'The ingurance cwrier providiog Iho in�uranre shall be ch���cn by Bnrrowcr xubjeci toLcn.krh
<br /> opprova!which rhpll not be unrcnsunubly wi�hhcld. Ii Bcxrower fail�to muintuin cuvcrugc deFC�i1xJ ulx�vc,L.ender mwy,ut
<br /> L,ender's option,obtain coverage to protect Lenderk�ights in�he Properiy in acc�rdancc with pnrugrnph 7.
<br /> All Insurance p�olieies and renewala ahall ho acceptable ta Lender and�hull inclwle u s�undord mcxtQepe clauKe, Lender
<br /> "" ' ehult huve the dght to hald the:poiicles wid�cntlwulx. If LenJer rcyulrcc,Dormwcr�hall pmmptly give to Lender ull rec�ipty
<br /> af pAid pRmiums and renewal noticc.r. In thc event uf lasa.B�uwer xhult yivc prompt nntire tu�he inxur+�ncc carcicr wH!
<br />__ _-___ , l.endcr. I.�ruter may mwke prrwf of loss if not mude pramptly by Borrower. �
<br /> Unless Lender and Borrawcr dhenvir�ugree in w�iting.inxurance pnxecdx xhull be applied w restora�fun or Rpui�of
<br /> __ _ �hc F'raperty damnged. if�hc restoration or repair is ccanamirully f�asiblc und l.cndcr��cunry i+nnt Ic�+�cned. If thc
<br />` - " J ' rcstorntion or apair is na econamicnlly feuxible o�Lenderk recurity wauld bc Icsse�ed, �he insurun�c pnx�ee�l�xhull bc: -
<br /> applied to the aums securcd by thia Secudty Inatrument,whether nr nn� then duc, wf�h uny exces,� puid to 8arrower. If
<br /> - Borrowcr nbandons �he PropeAy, or daes not unawcr within 3U duyF u nodcc Gnrn Lendcr that the insumnce carrier haw
<br /> --- oifered to settle a clnlm.�hen Lender may collect the insurunce proceed�. L.ender muy u�e the prceeeds to repair or re�tore
<br /> -- thc Properly or to pay 9ums securcd by this Securi�y Instrument,whe�her or nat then duc. The 3U-duy pericxl will beein when
<br /> -= tho not�ce is given.
<br /> Unless [.ender nnd Borrower otherwise ugree in wridng,nny npplicutiim of proceeds to priacipal xhall nat axtend or
<br /> _ � postpone the dnc dutc of�d�monthly payments�ferred to in purugrnphs 1 und 2 or changc the amoum of the pnya�ent�. If
<br /> - � ander pumgrnph 21 the Property 1s acquired by Lender, Borrower'.s�igM to any Insurance policlex und procecds�suUing
<br /> '�� from damage to the Property prior to the acquisidon rhnll pasx to Lender to the extent of the auma�cured by Ihis Security
<br /> - = Inslrument immediutely prbr ta the ucquisition.
<br /> _ _________"_'_� iS. Accupwncy, Preae�vaUoa, Malntenaace and Protectlan oP the Property; Borrower•s Loan AppUcntlon: _.
<br /> :-�a I,easeholda. Borrower xhdl accupy,establish.and use the Propeny ux Borruwer'.s prfncip�d rexide�x:c wlthin xix�y days After -
<br /> the execulion of this Secudty Instrument and shull conti�ue to occupy Ihe Property a�BoROwer�principal residence for ut _
<br /> -- - - `•� least one yesr aftrr the dnte of occupnncy, unless I.ender othenvise ngrces in writing, wbich conxent shAll noc he _
<br /> .�___= unreusonably withheld.orunless exlenuuting cireumx�unces ezist which ure heyond Borrower�control. Borrower shall not -
<br /> _„��.� destroy.damnge or impairthe Property.ullow thc Praperty to deteriorAte,or cornmit watite on Ihe Praperty. Barower shull
<br /> ---- be in default if uny farfeiture action or praceeding,whether civil or criminal,is begun�hat in Leader's gaad foith judgment
<br /> _�E.A� could result in forfeiwre of the Property or atherwise ma�eriully impair the lirn creuted by this Security Inrtniment or _
<br /> Lender ti�cudry interest. Borrower msy cu►�e tiuch u default and reinstate,ns provided in pnrngrnph I R,by couxin�t the uction
<br /> �.,:jy-e ' or praceeding ro be dismissed with a ruling lhut,in Lender+gaod fuith determinuiion,pr+ecludes forfeiwre of the Horruwer�
<br /> �:-,� interest in the Property or o�her mu�erial impnirment af�he licn creuted hy Ihis Security Instrument or Lender's security
<br /> ��� interes�. Borrowcr SIIAII UItiO IfC in default if Borrowcr, dnring Ihe lonn uppllcation proccxs, guvc mntcrially fulxe ��r
<br /> -�''_-a;=;� inaccurute infortnation or sietements to I.ender(ur fuiled to provide l.ender with uny muteriul information)in conneciion wi�h
<br /> ^���_� the laan evidenced by the Note, including. but not limi�ed �o, rcpresentations cancerning Borrower� occupuncy of the
<br /> Property ac u pdncipul resldence. !f this Security Instrument Is on u leusehold.Bamwer xhull comply with ull the �xavitiians
<br /> _ _-- - of the lease. If Borcoweracquims fee�iqe ro�hc Propeny.�he kusehold uad Ihc fee�itle xhull nat mer�e unlesz L.ender u�erees
<br /> _ti�r�-�;;`° to the niergar in writing.
<br /> ��•-:R�'�,;' � 7. Protectlon oP Lender's RiRhts in the Property. IP Borrowcr fnilti�o pertbrm thc covenunts und ugrcemen�ti
<br /> �:�=�;t� cc�ntuined in this Security Instrument, or Ihere is u lagal proreeding that mny�ignificantly ut'fect Lender's rigtus in Ihe _
<br />� ="�."`�.; _ Property(such iu;n procecding in bankruptcy,probute,for wnJemnution or forfeiwre�x w enfurce luws or regulutiunxl, then
<br /> '�-�---�;��, Lender may do und pay fa whatever is necessury to protert thc vuluc uf the Pro�:ny und Lender's• rightx in�he Prc�prqy.
<br /> __,,���,`. l.ender�uctianc may include �wying uny sums tiecured by u lien which hux priorily uver thix Seruriry Inxtrument, �peuring �
<br /> __ ; _�, _� in coun,paying reawnuble uttomey+fees und entering ��n Ihe Prxiperty�o mahe repuirs. Although L.ender muy tsike uctiun —
<br />•_--'��r;.,i,,, .� under�his paragraph 7.Lendcr ikics nw have to do ro. -
<br /> ---�'"" ' Any amaunts ditiburscd by Lcndcr undcr this parugrnph 7 shull bccrnne udJitionul Jebt of Bornrwer secureJ by Ihis �
<br /> --',.,;;,,�.? Securi�y Inxtrument. Unlcss BnRC►wer and L.cndcr ugrce to other tennx af puym�:ni,thc+e zunoun�y�hull hrur intcre��from ihe _
<br />�yx�__::d�;•,. dute oP ditibuncment ul �hc Nntc rutc unJ shull be pny.!blc,wiih intcrewt,up�n noticc Fr�m Lender to Barrower reyuesting
<br /> �;��;��.',.'`.; payment.
<br />_��'=`F;'*� � . 8. MorlgaRe Insurance. li'Lender rcyuircd morlguge insurunce u. a ronditi�m uf mukin��he loun xcured by Ihiti --
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<br /> ---•--�' Secu�ily Malrument. Burtower xhall puy ihc pccmiums rcyuired w mainwin ihe monguge in,uruncc in rffect. If.for uny
<br /> '"`''���' rcuson, the martgnge inxurunce crnerugc rcyuircd by Lcndcr lap�es or rcaxex to he in cffcct. Borrower �hull pay �hc
<br /> _— �-��"""` premiums reyuired to obmin covcruge sub+iumiully cyuivulent to ihc mungugc in.ur,�nre pnviuusly in cfti�t, a� a co.t
<br /> �`�;;,�� subtituntiully��quivulent w the coxt to Burrowcr of�hc iuon�uge insurance previuutily in cl'frcl,I'rom un �Uernu�e murt€oFe
<br /> �---• � insurer upproved by Lender. If subztuntiully eyuividem mortgugc imuruncr covrm��is not uvuilable.Bormwer�h�ll pay to _
<br />-'="'=`='��==w:��h Lender each month a.um eyu•rl tc�onc-twcllih�if�hc ycurly mungugc insur.uxr premium t►cing puiJ by Borrower when�he
<br />- �`=�#.:�"� in4urnncc covcrugc lapsed ur c�ased to Ix in rt'fccl. Lender will ucrcpt,u�e:md relain�h��e puymems a.a luti+re,rrvc in licu
<br /> T 6 `.'" ''''�.. of mortgagc insurunce. Lo+ti rczcrvc puyment�may no longer Ix rcyuired.u� the c�pii�m ol'(.cnJer. if morl�age in�urunce
<br /> ��s�s�,�•.�3-.
<br />_ --m v��� covcrugr 1in the amount und for the perind thut Lrnder rcyuire.l pmvidcd hy iin in.urcr a�►roved by Lcnder c�gain hecomex
<br />�-�^��� uvailuhlc und is ohtuincd.Borrowcr�hall pay Ihc promium+rrquircJ lu muinl�iin nwngu�r inwrimrc in cl�fcc4�tt lii pmvide a
<br />_; =°;;� - los�rescrve,unlil Ihe reyuir�rmnt for murtgagr insuruncc cndx in ucc��rJi�ncc wiih uny wriucn a�rcemrnl tmiween Aorn.wcr
<br /> � .•� ,, und Lender or upplicable law. �-
<br /> 9. Inspection. Lender or it�agrnt may mu6r mutionablr rnlric,u�xin anJ in,pection+uf thc Pru�xny. L��xirr�h•rll T
<br /> ., .. ' givc Borrowcr n�itirr at thc�inu ut'��r pri�n to nn im�xriiun.�xrifying rca.�inablr r.iu,c 1'ur ihr in+�xctiun.
<br /> .;f•��,:c� �:•• ��� 10. Condemnotion�The prurreJ�uf wiy��wurd or rlaim tiir d�i�na�c..dir�rl i,r run,eyurnli:d. in conncclion w ith any -
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