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<br /> ���- - periads�hut l.ender rcyuire9. Thc inxura�uc carricr pmviding tho inxurunrc Khull br,chnscn by B�►rr��wcr xubjcci t�LcnderS+
<br /> _�� approvul which nhall not bc unrcoxonahly wilhhcld. If Burmwcr fuflK ta mufniain cuvcrugc dc�ribcd uhuvc,l.cnder mwy,nt
<br /> ���y� Lendcek aptlan,oMein coverngc in prmcct I.cixkrk righl�in�hc PmpcAy fn uccnrdancc wi�h purugruph 7, _
<br /> All inxurance palicleK and renewulr+xhuQ be�KCeMuble�n l.rnder und Khull include u x�unJunl mnnguge cluu�e. Lender
<br /> ,��' � ahall huve�he right tu hold�he policiex und renewulx. If l.enJcr nyuircx.Hnm�wer rihull prompUy gfvc lu L.�nder ull recciptti
<br /> - ��f puid premiumx and�enewol naticer. In ihe even� of I�►xx,liurr��wcr xhull�tive prampt notice w ihe inwurunce currfer und
<br /> �, — ---���� Lender. L.end�r may muke pra►f c�f lur.r if nc��mude pramptly by B��rrnwer. �
<br /> _ - - -- �-,� Uul�b,L�ndcr and Borrotivcr athrnvi,r agrre in w�i�ing, in�urnncc pr�xecdx r.hull bc upplicd I�i restoration ur repair uf
<br /> - - �he Praperty dumuged, if the restorntion or repuir ix ecunomicully fcosible und Lcndcr� security is nu� IenMned. If the
<br /> rextorotian ur repuir is nat ecanc►mkully ica,ihle or Lcndcrk securiry would b� Ir��ened, the Msuruncc procecds shull bc
<br /> :���,;��:" upplied w ihe sumR necured by this Sccurity Instn�ment,whe�her or nat then due,with uny exce�ex pnid ta BoRawer. If __
<br /> Borrower ubundonx the Praperty, or daex no�unxwer within 3l)days u notice from I.ender thut the inxurunce currfer hav
<br /> ,��.;�::���,, offered to settle a claim,then Lender muy collect ihe inwurance proceedn. Lender may uae the pracced� to repair or reytare -
<br /> - the Praperly or to pay sums secured by this Security Instniment,whether or not then due. The 30•day pe�iad will begin when
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<br /> __._ - the notice ia�iven. --
<br /> _-���. 'b Unlexs Lender nnd Sorrower u�herwise ogree in writing,uoy upplicution of pra:eed+to principul �vhull not extend or
<br /> - __'=';'-�,'S�. �� postponc the du:du�e of Ihe monthly payments referred to in parugruph, I und 2 or change the umount of thc puymeni4. If
<br /> -:-= under pamgruph 21 the Propeny is ncquircd by l.ender, Borrawer.l• right to nny insurunce pollcics und procecds rexulting
<br /> -�-_=_�;�:�J�'fi � from di►mage to�he Property prior to the acyuisition Ahull pa+s to Lender to the extent of the zums secured by thix Security
<br /> �,-,;������° InRtrument immedialely prior to the ucquisition. , _
<br /> �w=���� b. Qccupancy. Preservption� Malntenence and Protectian oP the Property; Borrower s Loan Appllcntbn; _
<br /> -��-=-�i:.::, . I.easeholds. Borrower xhull occupy,establish,und use ihe Propeny o�Borrower�principul residence within sixty duys nfter �-
<br /> -- -�'"'-=� � � � the execution of this Security lnstrument und shall continue to accupy the Properly ux Borrower ti principal residence far ut �
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<br /> __ _ � p�,, ., leust one yeur aRer the date af occupnncy, unlexti Lender otherwixe i�grees in writing, which con+ent shull not tie
<br /> -�'�:� �•-� • • unreusanably wi�hheld,or unless extenua�ing circum�tunces exist which ure beyond Sormwer�control. Borrower shull not
<br /> =�':'.�" �"` ".-:�rk;:,,�, dCStroy,dnmage or impuir the Propeny,ullow the Property ta deteriornte,or commit wuxte on�he Property. Barrowcr xhuU �
<br /> -_ ��� -� be in default if any forfeiturc ac�ion or proceedins,whether civil or criminal,is begun thut in Lender's gc►od fuith judgment _
<br /> '�r��'�•�� cauld resuU in forfeiture af the Propeny or otherwise muteriully impuir the lien crcuted by this Securi�y Instrument cx __
<br /> �� ���`W.��r ' I.ender's securfty imerest. Borrower mAy cure tiuch u def�ult und rein�tote,us provided in paragrnph 18,by cuusing the action —
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<br /> -=:_;�s� '��'...•,;- ' or proceeding to be dismissed with u ruling that,in Lender's gcx�d i'uith determinution,precludes forfeiwre of the Bonowerw
<br /> � interest in the Propeny or other materiul impuirment of'the lien crcuted hy this Securiry Inti�rument or Lender's tiecu�iry �
<br /> ��� ���i f intereat. Borrowcr shull also bc in defuuU if Borrower, during thc loan upplicu�ion process, gavc muteriully fake or �:..
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<br /> •:_.:.�� �� inaccurnte informution or�tntements�o Lendcr(or fuiled to proviJe Lender with uny muteriul infortnution)in cannection with _
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<br /> .�� Ihe loan evidenced by �he Nae, inrludin�,but not limited w, reprecentutions conceming Borrowerk occupancy of the
<br /> ''`?���j}Y'����� Property us e princ4�al rF�idence. IP�hix Security Ins�rument i,on u IeuxcNold,Borrower xhull comply with ull the provisions __-
<br /> � •��J� �"� �� " of the leuse. If Borrower ucyuireti fcc title to�he F'mFxny,the leusehotd und the fee tide shnll not merge unle4.Lender agrees
<br /> '`1�.' " ..,�rv . � lo Ihe mergcr in writing. _-
<br /> 7. Protection of I.ender's RiRhts in the Property. If Burruwcr failx to perf'orm thc co�•enunts und ugrcementti Q_
<br /> , x.�". �; . . contuined in this Security Inxtrument. or then� iti u IeFul prixeeding �hut muy significantly uffect Lender's rights in the ,��
<br />- • „�t� � Pmpeny(such us a pra:eeding in bunkruptcy,probatc,Pur mndemnu�ion or forfeiturc or to entiircc law.or re�ulu�ions),Ihen
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<br /> .t-�° • Lender muy do und pay f��r whntcvcr is nrcc.�ury to protect thr vulur of thc Propchy und Lcndcr+right,in�he Pmperty. _�
<br /> "°. '�`y ^ Lender's uctionz muy include paying uny sumx�ecured by n lien which hus priority over this Securiry Inslrument,uppeuring �
<br /> T:`�`'�.~ '"'"'�''� �. ' ', in couh, paying rcuxanuhle uuomry�'1'ces und emering on�he Pro{krty u�muke repuin.AUhough Lcnckr muy luke uc�ion �
<br /> " � }�� • under this purugrnph 7.LenJer dix�not huve�c�Ju.o. --.
<br /> , .� a Any iimuunt�di+hurseJ by Lendcr under thiz parugruph 7 shull Ixromc uddilionul dcbt ut'Born�wcr �ecured by this `�
<br /> • '.; . . Sccurity In+trumen�. Unlc�s B��nowcr und Lcndcrugrce to whcr irrnis of puymcnt.Ihesc tmtounl�.hull lxar intcrc�l I'ront thr �__
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<br /> �-:,��° �• dutc of Jishurxcmcnt ut �hr Ni�ir rutc und�hull tx rnyuMc. wflh imcrc�t.u�m nuticc fram l.cndcr to Hormwcr rcyuc.r�ing _
<br /> " � .�,�.. . � 6 puyment. _y-
<br /> y�, . S. Mortga�e Insurunce. If l.rnckr rcyuircd mon�ugr in.unmrc u. u cnndiiiim ot'muking thc loun ,ccurcd by�his ��_:.
<br /> �,,...:". Security Instrumcnt, BoRowrr tihull puy�hc premium+ reyuind w muimi�in Ihc mungogr in.urunrc in cl'1'rct. II'. li�r uny �
<br /> ��� ,." ''" muson. Ihe mnngoge in.uruncc coverugc reyuircd hy Lendrr lap.c+ or rruse. tu Ix in ct'fcct. Borr��wcr �hull puy the
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<br /> .' �r,: • premiumz rcyuirod ia ubtain cc�vrrugc .uhtiinntiidly eyuivulenl 1�� thr monguNr in,urtmcr prcvii�u,ly in cffec�. ut a a�.t ��-
<br /> .�•= ,, . subxtuntiully cyuivuknt to thc r�ist io Horrowrr uf thc mart�uEr in+uruncc pnviou,ly in rffcc�. 1'mm un ultcrnutc mongagc
<br /> '^' inrurer upproved My LrnJcr. II'.uhx�antiully cyuivalent mon�uEc in+urimcc cuverugc i.not:rvuilublc.Borr�►w�r.hull puy �o �"`
<br /> • �; 'y •: .. . Lender euch mcxuh a sum ryuul lu�air-lwrll'Ih ul'Ihc y�urly monga�r insurunrr�remium bcinL puid hy Borrower when the GW�
<br /> , . ;�.. insurunce covcru�r lap�cd or ceuticd�o tx in cl'frct. Lcndcr will lirrcp�.u.r unJ retuin ihr+c p:rymcm.u�u lus.rc.crvr in licu �,_.
<br /> , of mongugc insurancc. Lati.rc,rrvc puynum. muy no lon�cr Ik r¢yuircd.at �hc option��I'Lcndcr.il'mongagc in,uruncc
<br /> R " covcrage(in thc umoun�nnd tiir Ux�xri�xl �hat Lcn�kr rcyuirc.l providrJ hy un in.wrr:�rr��►���ny ���+«��:►�n►��o►►,�� ���-
<br /> ` • uvuilablr und i.o6luincd.Burro�vrr.hall p:ry�hc prcmium.rrquir�d tn maintain muilgage inxuraiuc in ri�l'cct.ur to providc a �
<br /> � lus+rexerve. until the reyuirement liir monpngr insurunce encl+in urcordimrr wilh any wriuin o�rtrnxnl Ix�wern Bnrrowcr
<br /> und Lcncicr ur applicuMc luw. �
<br /> . 9. Inspeetinn. Lcnd�r ur itti agrm may maku rca.on:ihlc�nlrir.upi�n:md in,�xrliun+of thr Pro�xrty. Lcndcr.hall
<br /> . , givc Burrowcr nolicc at Ihc tim�uf ur prior�o an inm�xrtiun,�xrifyin�rea�an;�Mr cau.r fur�hc in.�rtion.
<br /> • 10. Cundemn�Non. The pr�kcrd,ut'an�•a��:�rd�,r rl:um li�r damaErti.dirrrt ur con�cqurntial.in cannrclion with•rny
<br /> .. Sm�:k I:nnil� •-Fnnnle�1uNFreddle�lur 1'\IFlIR�1 I\ti1 N1�1F:\'f..1�od�nn�('i�aen:mb 9/411 ��x�e�•?��l nlx�er�� ;
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