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<br /> � perlods tiwt Lend�roquira. 7f�e imunr�cartter provldin��he lnwru�oe�hall be choeen by Horrorrer wb w LandKti
<br /> �rov�l�hkh ihdl na be wr�e�uomblY M'Wd�eld. It Borrawer fiil�w mtlntdn cove�a�e dacribed abow.�aiay.at
<br /> . I.a�detL optlon�obWn covexaje W protect l.enderL riRhu 1n the Prope�ty in ascadu�ce wlth p�ny�h 7.
<br /> � All i�uurance policie�ind renewab�hall be aocepwbb to Lenda�nd�hs!!lnelude��t�ndu�d mo�t�a�e elw+e. L,ender
<br /> rhall luve�he righl w iwld the policie�md rcnawat�. If Lender require�.Horrower shall promqlY�ive ta Lender dl roceipu
<br /> of pwid p+emiums+md natew�l notica. In the event af loss,Botrower�hdl Qive p�qmp notico to the iruur�nc,�e ca�rler and
<br /> i.ander. Lender rruy make praot of loa if ra1 made pramptly by Banawchr.
<br /> ---------------- tlnlcss LenQcr nnd Borrower othenviss Agt+a in wridng.insurance pro�eeds aheli be spplied to cestomtion or ispair of
<br /> the Propeny d�nu�ed. it the�ettorulon or repair io oconomically fe,�sibk and Lenderk aesurity is not lewened. If the
<br /> c�asta�tion ar rep�tr i: rat ocauamically fen�ibk or Lender's security would be leuened. the insur�e pocoodi�hal!{�e
<br /> sppliod w the:urrw scxwed by thia Secudty Insaument,what�or na�hen due.wlth�ny excess prid ta Borrower. It
<br /> Bomnwer abu�dcxa tho Wup�rty.or daes not answer wil6in 30 days A ndlce fmm Len�Ier that the in:ur�u►��e cu�ier b�w
<br /> offerod w�ettle a c1aLn.�hen LerMer mnap collect the insurance pmcads. Lerder may use the pmcadv to�oc rcstan
<br /> ---__- _— thG or to pty aums saure�by this Socurfty Inctrument.whether or not thn:due. The 30-day period w!!beQb�whea _.
<br /> the no is given.
<br /> Unleas Gender smd Borrowec othenvise agrce fn wridng.any applicatlon of pmcads to princlpsil ahsJl nW oxtend or
<br /> postpone Uie due date of the manthly payments refemed to in paragraplis 1 and 2 or change ihe amount of tha pnyments. lf
<br /> under pamgraph 21 the PropeRy is acquired by Lendcr.Bomowcr's right to any insurance palicies and pracccds resuldng
<br /> from dwnage to tho Propeny prior m the acquisition ahall p�ass to L.ender to the extent of the wms cxurod by thir 3eeurity
<br /> la�wment immodiwtety prfor�o theaoquisition.
<br /> 6. Occup�.acy, Prr4erYpUoa, Mqiaten�ace aad Protectioq ot the Property; Borrower'a La�n Applkatloui
<br /> _ l.e�seholda Barrower e{�all occupy,establish.end use the Property a.s Bormwer�principal residence wlthin aixty dAy�after
<br /> _ - the execution of this Secu�ity lnstrurtwnt and shall continue to occupy the Propeny as Barower's principal nesidence fin et
<br />:;�"`�� least one year atisr the date of occupancy. unless L,ender.otherwlse agrees in writing. which consent sh�ll not be
<br />:;r unreasonably wlthheld.or unless extenuuing circumstuncea oxist which aro beyond Borrower�s control. Borrower shall rmt
<br /> - destroy,damage or impa3r the�'roperty.nllow the Property to deter�orate.or commit waste on 1he Propeny. Bormwer shall
<br />.,� ryr� be in default if any forfeitura nction or proceeding,whether civil or criminal, is begun that in Lender's good faith judgment
<br /> Ft,� could nsuit in forfeiture of 1he Property or otherwise materiully impair the lien cr�eated by thia Security Insuument or
<br /><�3„ � Lender�s sxuriry int�rast. Bo�rower may cure such a default und reinstate.as provided in paragraph 18.by wusing the acdon
<br /> ,„ • or procceding to be dismisued with�n+ling thnt.in Lenderk gaad fnith determi�ation,precludex forfeiture of 1he Barrower's
<br /> ,�';� interest in 1he Property or ather materiul impairment of tix lien created by this Secudry Instrument or l.enderh security
<br />:l;; + interest. Bomower shall also be in default if Borrower, during �he loan application pracess. gave materially false or .
<br /> �c inaccuratc informadon vr statemenl.g to l.ender(or fniled to provide Lender with any material information)in connection wlth
<br /> 1 the loan evidenced by the Nato, lnoluding, but not limited to. repres�ntatians cancerning Borrower's occupancy of the
<br /> yr Property as a principal residence. If tbis Security Inxtrument is on a leasehold.Bamawer shull compiy wi�h all the provisions
<br /> = � of the lease. If Bortower acquires fee tiUe ta the Ptoperty,the leasehold and the fee tiUe shall nal merge unless Lender agrees •
<br /> to the merger in writing.
<br /> . 7. Protection uP I.ender's ltigiNs iq the Proper/y. If BoRawer fails tu perfurm �he covenanls and agreements -
<br /> contained in this Security Insirument, or there is u legal proceeding that may significantly affect Lender�s �ghts in the
<br /> �,�;�,; Ptoperty(such as a praceeding in bankruptcy,probate,for candemnation or farfeiture or to enforce luws or regulatians),then -
<br /> , {.; Lender may da a�d pay for whatever is necessary to pmtect the v�lue of the Propeny und Lender's rights in the Prnperty. _
<br /> �4 .� Lender�s actians may include paying any gums xecu�ed by a lien which has priority over�his Security instrument,appeuring
<br />-" �?'�;<� �'�' in coun,payfng reasonable atwrneys'fee:� and entering on the Prapeny to moke repair:i.Although Le�xier may take action
<br /> . .;";;•��::� under this ara m h 7.Lender does not have to do w.
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<br /> Any amounts disbuned by I.ender under�his para�r.�ph 7 shull become additionul dobt of Boirower secured by this __
<br />__- Securily Instrument. Unless Borr�wer onJ Lcnder a�ree to other tcrms of payment,these amounts xhall bear intcrest from Ihe
<br />_ "is� [_•::
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<br /> dute of disbu�ement ut the Note rnle and shull be pnyuble,with interest,upon notice from Lender to Borrower re queslin g r�::
<br />;•.r� _. _. �. • payrnem. --
<br /> 8. Mortgage Insurance. If Lender rcquired monguge invurance u+u condition oP making the loan rsecured by �his
<br /> - � - Security Instrumenl, Borrower shull puy�he premiums re�uired to maintain the monguge insurancc in effect. ]f, far any _
<br />- 'J',��..'.f..n � __.
<br /> '�;�� �__..1+ , reason. the mongage insurunce covcruge reyuired by l.ender lupsex or ceu�es to be in effec�. Borrower shnll puy �he -
<br /> _ "T� -•�°i�- ;:, � premiams required to obtain coveruge subs�untiully equivalent tu the mortguge insurunce previously in effect, nt a cost ="
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<br /> ;i�,;.�,°�,,;�:•�' substantially equivalent to the ccnt to Borrower�if the mung�ge inxurance pmvinusly in effect,from on ultemate mortgage --
<br /> `�'�4�7;" � � `.• fnsurer approved by Lender. If sub,tantially cyuivalent mortgagr in.urance coverug�ix not uvailuble.Borrower shull pny to --
<br /> '''�`:'��'•''' Lender cach month a sum equul to onc-ta•cli�fi of the yearly mungage in�urance prcmium bcing paid by Borrower when the
<br /> _ insurnnce caveruge lupsed or ceuseJ�a be in eftect. Lendrr will�ccept,use and retain these paymrnt.nti u Ioss reserve in lieu =
<br />- �=���'����- of mortguge insunuxe. Loss rcscrvc puymcmti may na tanFer bc rcyuircd.ut �he opti�m of l.ender, if mortguge insurance -
<br /> '�d��' �: �?�t •'•� coveroge(in thr umount and for thr periai �ha� Lcnder reyuiR.)pr�wide�by:+n in.urcr upproved by Lender ugain becames ���
<br /> -,._� �� `-''�,;, .., availuble trnd i�obtained.Bormwcr shall pay the premiums myuirrd tn m�inrrin mongagc in,urunce io effect,ar lo pmvide n -
<br /> � • ,,,_F•'..•' : IO35 fCSCNC,umil 1he rcquin�mem for mon�uge insurunrr end.in ucrixduncc wi�h:my written agreement be�ween Borrower
<br />`� � nnd Lender or upplicuble lu�v.
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<br /> � �'���`��' • 9. Ins ection. Lendrr or itx a�ent ma makr rcasnnaM� �ntriex u m anJ in� �unnti of thr Pru rt Lender tihull
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<br /> � ��iwR.t�.'t+v�.��,... give Bomower notice at the timc of or prior to.m inspertion tip�riiying rea�onablc rauu tix thr in.�xction. -_
<br />_ ,�,:��:��.¢;. 10. Condemaation. Thr proc:eed�uf uny:��tiarJ or claim f��r d•rma�e.,dirert ur cunuyurntiul,in connection wi�h uny '�.
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