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<br /> �''- — � � 91-- io5�rs5
<br /> � ��' perlads that L.cnder requires. The insurancc caYier providing the insurancc shell bc cho.sen by Borrower subJect to L.enderY
<br /> — approval which chal)aot be unn�asunably wllhheld. If Bartower fails to mnintain covemge desc�lbed above.Lendcr may,ut
<br /> -=-�=`— ---� Lender's option.obtein covcrage to prutect Lander's ri$I�x in�he Prupr:ny in uccurJancn wiU�µuugrupb 7.
<br /> s;� All insurnncc policics und rcnewuls shnll be acceptable to Lender und shull include a stundard mortguge clause. Lender
<br /> ::�;,� shpll have the�ight ta hold thc policles and r+enewals. If Lendcr rcqulres,Dorrowcr shall promp�ly give to Lcndcr all reccipts
<br /> =� --- of paid premiums and renewal�otices. In the event of loss,Barrawer shall give protnpt notice to the inxuryutce cwrier and
<br /> ' ;���',�� Lender. Lender may make proof of loas if nrn made prompdy by Borrower. �..,
<br /> ,� Unless Lender and Barrower atherwfse ag�ee in writing,inxurunce praceedx sbAll be uppliecl lo restorutian ar repuir af �
<br /> _ '� , ,� thc PiropeAy dpmoged,if thc restorotion or repuir ix ernnamicully fcuaiblc und Lender's security iw nat :e4zencd. If ihe
<br /> � _ �_�� restaration or r�pair i�not econamicnlly fcACible or Lender's ,erurlry would be IN4tiened, the inxurnnce proceeJs xhull be _
<br /> . applicd ro the suma secur+ed by this Secu�ity Inx�rument. whether�r nrn �hcn due, wi�h any exce�x pnid t��Borrc�w•cr. If —
<br /> '°z'�� t Borrawer abundans the Praperty,or d�es not ungwer wi�hin il1 Juy�A no�ice fmm l.endcr thut Ihe in�urunce cwYfer hus
<br /> ' .iL i 1
<br /> - ��,���`�;,. offered to�cettle o cloim,then Lender muy callect�he in�uruncc pr�xrcJx. l.cnder muy ur�e the pnxeeds ta npvir ur re.rU►re
<br /> �o�*�'°' 1he P�apeny ar to puy sums secured by�his S�tiurity Inwtrunxm,whelhu ar not lhrn due. The 3U-duy p�:riuJ will hc�ln when —
<br /> �_ .,�....:.
<br /> �-----�` � �hc naNcc iK given.
<br /> -'�°���'�'� Unles.r l.ender und Bum�wer olherwi,c ug�ee in wrlUng, uny upplicuii�m uf praxcrd. tu principul yhull not cxtend or
<br /> �_.�...�.�y.
<br /> -��_t ��, pu���xme Ihc duc dulc uf thc manthly puymemn refern�d ta in puruKruphx I und 3 ur rhunge the umnunt uf the puymen�+. If
<br /> �"�'•���� undcr purogruph 21 �hr Propeny ix ai:quired by Lcnder, Burruwcr: right in uny in+uninrc pdicicx und procecJs rexulting _
<br /> ��_��_�,• frum dumuge�o thc Prup�:rty prior ta the ucquixitian shull pu�s to Lcndc��o the ex�eni of the�ums.ecureJ by thix Sccurity �
<br /> a���. �' Inxtnimem immedia�ely prior to the urquirition. —
<br /> °-— _ b. Ikcupancy. PrcnervAliun. MaintenAnce aad Protectlon oP Ihe Properly; Borrower's Loan Appllca�lloni
<br /> — °-__._.�•��W Leaseholdx. Borcower shull occupy,estoblish,nnd uxe ihe Propeny as Borrc►wer's pri ncipul residence whhin�cixty duyx ofter "
<br /> '°"'�'""°-�� a tlx:execulion af Ihih Security Instrument and shull continue to c�cupy�he Property r�s sorrower's prineipul mxidenee far ui
<br /> -�- '�. � ku�� anr yeur ufler �he dn�e af accupancy, unlezs Lcnder mhcrwixe ngrces in writing, which conxcnt xhall not be
<br /> ''"' �` ''�, ' unreuxonubly wi�hheld,ar unless extenuating circumxtuncex exix�which ure lxycxid Borrower's control. Borrower shull not
<br /> �-��,6 �$ � `�� �` dcxtmy,damuge or impnir the Pmpeny,ullow the Propeny to deterior�xe,or commit wa,�e an�he Property. Borrower shull
<br /> -' �� t y '��"` 6e in defnult if uny farFeiture ac�ion or proceeding,whe�her civil or criminul, i�begun�hat in Lenderti goad faith judgmem !�
<br /> �s.�-��'. �:.' �--
<br /> --_ u,.�'¢r, cuuld rcsult in furfeiture of the Propeny or otherwise ma�eriully impuir�he lien creuted by this Security Instrument or
<br /> - � �� Lenderw security inleretit. Borrawer muy cure such u defuult und rein�tu[e,us pravickd in purugraph 18,by causing the uction =_
<br /> —�.' ' C:`� ;'-�F•::� -
<br /> ,__ •e�•..: :: • �x pracceding�o he dismixsed with u ruling thut,in Lenderk gncxl fuilh determinution,precludes fexfeiwre of the Borrawer z
<br /> *:� .. .;:• � interest in the Property or other mu�eriul impuirniem of thc lien crcuk:d by this Sewrity Imtrument or Lender�xccurity E"=�
<br /> - - � � � intGrext. Burrower xhall ulxo be in defuult if Borrowrr, during the loun upplicutian prcxe.r•s, guvc muteriully fulsc or -
<br /> = �����,�s���, �4 �:."���� innccumte informution or slu�emeMs�o Lcnder(or fuiled to provide l.ender with uny mWeriul informutionl in connec�ion with �--`
<br /> -^�.w.��,�'`,:��..� �he Inan evidenced bv the Note, includin�s, but nut limited to, repnxemu�ionti cancerninR Borrowcr's accupuncy of the -�
<br /> %��"" �� =3�"�S^^ Pmpeny u+u principul residencr. If thix Sccurity Imtrument i.�m u Ieu,ehold,Borrower zhull cnmply with ulI Ihe prc�visians �:�_-
<br /> ' ,;, � of the leure. If Bonower ucyuires fee tidc to the Pro�x:rty,the Icuxrhold und thc fec tit le shull nat merge unlezs Lender agreex --
<br />=:'; " .� to the merger in writing.
<br /> ' `�` ' �• • 7. Protection oP l.ender's RiRhts in the Property. If Borrowcr fuilx �o pedorm �he ruvenunl.r anJ ugrcement.r•
<br /> „b.�+ �• --�-
<br /> ,.. „ . containeJ in this Security Instrumem, �ir then: ix u le�ul pnxeeJin�!thul muy xignificantly uff'ect LenJ�r's righ�x in Ihe --=-
<br /> ^ , Property(+uch us a prcxeeding in bunkrup�cy,prubale,f�ir condrmnutiun or fort'ei�um or tu entone luw�ur regulution�),tlx:n ��•
<br /> ° Lender muy do und pAy for whiucvcr i�nccex.ury to pru�ect thr vuluc��f�he Property und Lcndcr's rightx in the Propcny. --
<br /> � • .. Lender's uctions may include puyin�uny.um,srcured by a lirn whirh has priority over ihis Seruriry In�trumen4 upExuring �_
<br /> ' • . • in court, paying reason•rblc uttomryx'fces unJ rntrrin�un Ihc Pro�xrty to mukc repr�ir�. Althou�h L.cndcr muy tukc action --
<br /> �� � i� " under ihis purngraph 7,l.endcr dce.not hirvc�u do s�i. �-
<br /> , �;;,_' Any umoumx disbur.ed by Lendcr undcr thi. puru�ruph 7 shc�ll i+ecome uJdi�ionul dcht of Bormwer scrured by thi�
<br /> , �� Securiry Instrumenl. Unlcs�Bortowcr und Lendrr ugrce tu othcr Icnm of puyment.�hc+c umuumz tihull heur interr��from�he
<br /> � �,i,� dutc nf di,buncment:��the Note rutr unJ shull Ix puyublc.wi�h intcre��,upim noticc From Lendcr tn Borrower reyuesting -'
<br /> ,._ . puyment. E,���
<br /> 1°'� • . 8. Mortgage Insuranee. If Lender myuircd mortgugr insurunce a.a conditi�m��f muk:n�the luan xecured by this _
<br /> . � ,°•'r'�:''u � Security Inslrument, Borcow�cr shall puy thc premium�rcyuired tu muin�uin �hc nK►rtgu�!c inwrunrc in effecl. If, liir uny —
<br /> �::.'¢ .. rcuson, the morlguge inwrunce coveruge rcyuirt�d by LrnJer lup�eti o� cea�e� to he in rffecl. B�rri�wer xhull puy the .-
<br /> � , premiums reyuind �o obtuin cuverugr ,uh,lunli�dly rquivulent to ihr mon�ugr intiwrncr �m;vi�iu>.ly in cffert, at a rox� —
<br /> ' sub�luntially eyuivulent to Ihe cost lo Borrawer��(thr munEugr inwroncr prcviuu�ly in rffecl,from un ultematr mort�uge
<br /> ' .. insumr approved by L.cnder. N�wbsluntiully cyuivulcnt martgu�;c in+urancc r�rvcru@c i�not uvuiluhle,Botrower+hull puy tu �-. `
<br /> � �, Lcndcr cuch munlh u�um equc�l to�mc-twrlflh ut'ihe yei�rl�murtgugr in.urunrr premiwn t►ring puiJ b��Borrowcr when thc _
<br /> •.:��.':` insuruncc coverugc lapud or ccuticJ iu Ix in effccl. LenJcr�vill urrrpt.u,c anJ rr�ain Uxtic puyment.u.u I�►s.rc,rrvr in licu =n
<br /> r:.�
<br /> ".`�:,+i�� . of mon�uge insurunce. Lo,x rc�crvc puymcnts muy nu I�mEcr Ix rr��uircd.ut thr orti�►n��t'Lender. it'mortgagc insurunce =
<br /> ��,� covcrugc 1in thc umoom und fur�lir�ri�xl�hut Lrndrr rcyuirc.l praviJed hy ;►n in.urcr uppruvrd hy LrnJcr a�uin ix�comc+
<br /> , • . availuble and ix obtuined.BoROwcr tih:�ll pay 1he prrmiwm rcyuittid to mainlain monga�r in.uranr.in rlfrrt.or to pnwiJr u `
<br /> . lo��re+crve,unlil Ihe rcyuiremrnt ti►r mon�;uEr insurunce rnd. in urccmlunce wilh:my wrinrn a�rrrmrnt lxtwren B��rniwrr �r
<br /> „ ° und Lrndcr ur upplicablc li►a.
<br /> ': 9. Inxpection. Lender ur i�� a�enl muy mahr rcawnaMr rntrirs upun :II1tI III��kCUull�ol�IIk I'ru�krty. Lrixlrr.hall
<br /> .� givc Burniw�r nutirc ut thr�im.:of��r pri�►r to un in.�xriiun.�xrili•in�rcu.unahlc ruuti�li�r ihr in��xrtiun.
<br /> ,t . 10. Condemn�tiun. Thr pr�krcd,ol':m�•uu:ird ar�•Liim liir d:uuaprti.dircr�ur con,r��ucmiul. in ronnrr�ion with any
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