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<br /> �-• perials that Lender requircs. Tlu insuranco cortier provlding the inaurance shnil bo chosen by Borrower subJect to l.enderh
<br /> o— — epprovnl which shell not be unreusonubly withheld. If Borrower fAils�o maintufn coverage described above.Lender tnay.ot
<br /> -- L.ender's option,obtain covernge to protect Lender's tights in tho Pmpeny in accarclence with paragmph 7.
<br /> = All inaurance palicies And ienewals ahall be uceeptable lo Lender and shatl include u atandard mortgage clouse. Lender
<br /> ehall have the ri�ht to hotd the po8cies ond reaewulx. If I.ender rcquin�x,Borrawer xhall promptly give ta Lender all rcccip�x
<br /> -_��`_ --= of paid premiuma and renewal notices. In the evem of losx,Borrower�hnll give prompt notice to thB inrurance c�riar und
<br /> -- -- Lender. Lender may makc praof oP losa if nat mnde prompdy by Borrower.
<br /> ,- Unless L.cnder and Borrowe�othervvlse ugree in writing,inxurwtce procecdA Khull be uppUed lu rcatarAtian or repair af
<br /> ���--�-_----_-� U�c Prupc�ty dumngul, if the r�xturutinn ar rep�:ir ia ccanauilcully feusibic und Lcnderl, sccurlty 1s not Icsuncd. !f thc -
<br /> �estoration ar repair 1s not econamically feuRible or Lendar'r xecurity would be lesxened, the in�urunce pruceeds xhall be
<br /> _ applicd ta the sums secured by thia Secudty lnstrument, whether ar not then due, with any cxccsx puid to Borrower. IP
<br /> _'_ Borrower pbandons the PrapeRy,or does nat onswer within 30 duy4 n notice from L.ender�hut�he inxurunce carrier ha�
<br /> ;_� offered ta�settle a claim,then Lender muy callect the insurunce proceeds. l.ender mu�•u�e �he proceeds to repair or restare
<br /> -- the Property or to pey sums isecurcA by Ihin Security Inxtrument,whether or not then due. The ap-day period will begin when
<br /> --;,""',� the notice ia given.
<br /> --�-� -�-� Uniess Lendcr and Borrower otherwise ugree in wrlting,uny upplication of proceeda to principal shall not ex�end or -
<br /> _�_� postpone ihe due datc of the manthly payments referred ta in paragraphs 1 und 2 or change the amount of the payments. If
<br /> ,� under paragraph 21 the Property is acquired by Lender, Borrower's• right to any insurunce policieg und proceeds resulting
<br /> - - from damuge to the Propeny prior to the acquisition xhall pass ta Lender to the extent of the sums secured by this Securlty
<br /> --�"-� Instnxnent immediately prior to thc acquisition.
<br /> ___..� 6. Occupancy, Preservadon, Malntenance And PrMection oP the Property: Borrower's Loan Application; _
<br /> ,,;,; I.epseholde. Borrower shall accupy,estabflsh,and use the Property as Borrawer's principal residence wlthin sixty days after
<br /> , �_ ___ -�+"i� the execution of this Securlty Inslrument and shull continue to occupy the Property ah Borrower�principal residence for at __
<br /> --�;�n�,r� - ' 1 leasc one year after the dute of occupancy, unless Lender otherwise ngrees in writing, whkh consent shull not be
<br /> - unrcasanably withheld,ar unless extenunting cireumstances exiat which are beyond BorrowerR control. Borrower shall not
<br /> ��,�..t. Rj;'.•' destroy.dams�ge or impuir the Property,Allow the Propeny to deteriorate,or wmmit wuste on�he Propeny. Borrower xhall
<br /> o,�^x�,;;, � • be in default if any forFeiture action or praceeding.whether civil or criminal.ix 6egun that in Lender�good faith judgment
<br /> - —�i�.-,: could result in forfeirore of the Property or dherwise muteriully impuir �he lien created by this Security Instrument ar
<br /> �=�:.:{:�_' L.ender's security interest. Borrower may cure such u default and reinslule,us provided in parugraph I R,by cauxing the uctian
<br /> = - ' or proceeding to be dismi�sed wi�h u ruling thut,in Lender s good fuith detennination,prccludeti furfeiture af ihe Borrower's
<br /> —=��;�w;�,��;� interest in the Property or ather material impuirtnent of the lien cneated by this Securiry Inxtrument or Lender's securiry
<br /> _ -�.ati interect. Borrower shall ulsa be in default if Barrower, du�ing Ihe loun upplicnticx� pracess, guve muteriully falxe or
<br /> - M: °=::,� inaccurute information or smtemenis to Lender(or fuiled ro provide Lender with any mu�eriol informution)fn connection wi�h
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<br /> ,::�.: -. Ihe loan evidenced by the Nnte, including, but not limited �o, representutions concernin� Bormwer� occupancy of the
<br /> "—'-"-��`'��'-'_- Property ag a pdncipAl residence. If thiti Securiry Inxtrument is on n leusehold,Borrower shall comply with nll the provisions
<br /> - ��,--�_:� of th�lease. !f Borcower acquires fee t!t!e to the Pcnperty,t!�?le�sehold end the fce tkle shall not merge untess Lender egrces -
<br /> �__�� — ta the merger in wriling.
<br /> !�,,�i, 7. Protectton of l.ender's Rights in the Property. If Borruwcr fails to p�:rform the covenun�� and ugreementx
<br /> _ ''�"a"�'"' contnfned in this Security Instrument, or ther+e is n legal proceeding�hut muy wignificuntly uffect Lender's rights in the -
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<br /> ---..�u�� Property(such as a proceeding in bunkruptcy,probute,Par condemnution or fortciture or ro cnforce Inws or regulationz),then
<br /> Lender muy do and pay for whntever is necessary to protect the vulue of the Property und Lender; rights in the Property.
<br /> - - �p��`'t«:x�fi. . L.ender:s uctions may include paying uny zums u�curcd by u lien which hus priority over thi�+Securiry Instrument,uppeuring -
<br /> --�.�.:'�'--'-•�., in court, u in reasonuble ottorne ti'fecx and enterin on�he Pm n to mnkc rc uin. Althou h Lender mu tuke action
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<br /> - ,;"'�• , ;..,, underthis puragruph 7,Lender dces not hu�e to do xo.
<br /> ,r_�qj�__�_,;�_�a- Any umounts disbuned by l.ender under this purngruph 7 ,hull become udditionul dcht af Bo�rnwer secured by this -
<br />_�,e.- ------ Security Instrument. Unlexs Borrower and Lender agree t�rnher�enn.nf puymcnt,thcse umountz xhull beur interc�t from the
<br />:-�`� ��,`� ',•�-`'° dute of disbursement ut Ihe Note rutc und xhull tx puyuhle,whh interexl, up��n noticc from Lender to Borrower rcyue�ting
<br /> ��,,�� . paymcnt.
<br /> -`�,��,�°,%��'�*_ B. MoMgage InsurAnce. If Lender required mortgagc inxurunre a.u conclition of making the loun serured by thix _
<br /> �-",�"' `�{�'�' Secudry Instrument, Borrow�r shull puy the premium+rcquircd �o muintuin �hr monguge imurunce in effect. If, for uny --
<br /> _�:�;;•� '`"``••�"'� � reasan, the mortguge inyurnnce covr_ruge reyuired by Lendcr lupse, or ceutics to he in effer�, Bormwer shall pay the
<br /> _ �' ` ���"^�� premium.r• reyuired to obtuin roverage suhtituntiully cyuivulent w the mnnguge insurnnce previausly in effect, ut n cost
<br /> �P'', � `'`�" � zubstantially cquivnlcM to the coxt to Bnrmwcr ot'Ihr mongugc in�urunce previuuxly in effecl, from un ultemute munguge
<br /> �`��� .:�.t.,,:�.N .: insurer upproved by Lendcr. If substantially cyuivulent mortguge insuruncr coverugc i.nat uvniluble.Borrower tihall puy to
<br /> _ ;��.��X, Lender each month u sum equul�o nne•twelfih of the ycurly rrx�nguge imurance�emium beinF paid by Borrower when the
<br />-:=F��•�_ - ��-•����•��°�- inzuranre covemgc lupxed cx ceu�ed to he in effect. l.ender wiU uccept,u+e anJ retnin the.e puymrniz u.u losx rexerve in lieu -
<br /> ,_,;: i �v of martgage insurance. Loxz rctiervc paymentx muy no Icmger he reyuimd,ul �he optinn of Lender, if mongnge insurance
<br /> �;.'' .,,.����.: covemge(in the umount urni f'or thc pericxl thut Lcnckr rcquires) provided by an inxurer uppmved by Lender nguin Uewmes
<br />_ . � � ,�� uvnilablc und is obtuined.Burmwcr shull puy thc prcmiums r�yuircd to muintuin nxirtguge inrurunce in rffrct,or to proviJe a �
<br /> �'� ,�, " 't..'' loxx rescrve,until�he reyuirement for mun�ugc inxuronce enJ.in ucconlunre with vny wriucn agreement between Bnrmwer
<br /> ,. ��s�� 4yd' und Lcnder or applicuhle luw.
<br /> • 9. Inspection. Lcnckr or its ugcnt muy mukr reuwnuhle en�rir.upun unJ in+�xction,uf tlk Propeny. LcnJrr.h�ll -
<br /> ' • .. give Borrowcr noticc at�hc lim�uf or prior�u vn in+�xction,�xrifying mn,�mublr cuutir li�r thc in�,�xrtion. -
<br /> .. '� 10. Condemnulion. TI12 rIY1Cl`C(Iti O�any aw;ini or rl:�im liir danr.ig�s,dircct ix ronxcyuential,in ronncction with uny �
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