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<br /> -���.�..—_�-� . 91— io585:s -_
<br /> _ • pedods that Lcnder rcquire9. The insurunce carrier providing the insurunce�hull be rho�en by Barrowar Ruhjcct to La�derk
<br /> approval which�hstll not bc unrcasatably withhald. If Barrower fulls�o maintain covera�e desc�ibed above.l.endar nwy.w
<br /> _. l.cnderk option,�I+tain coverage to protect l.ender's righta in�he!'roperty in eccordoncc with psuograph 7. .
<br /> �rs All insurance policies und renewala shall be acceptable to L.ender vnd shall include a stuadurct mortgage cluu�c. L.ender
<br /> '�"`,f,, shall have the right to hold ihe policfes end renewals. If Lender requires,Borrower wheil pmmptty give to Lender all receipta --
<br /> ��i. of paid premiums and renewal notfces. In the evenl ai'losg,Banower shall give prompt notice to the ina�urunce carrier and
<br /> --�-- Lender. Lender may meke proof of loss if not mwde promptly by Borrower.
<br />.. •�a ____-.__. _.___ Unless l.ender and Borrawer otherwir,e ugree in w�iting,inr�urnnce pa�cecds shall Ne applied to rcxtoratinn ur repair of �,
<br /> r�� the Property damaged, if the restoration or nepair iR ecanomicplly feasible and Lenderk secutity ix not lessened. If the
<br /> "�� ��� restoration or rcpuir is not ecanamically feasible or Lenderk xecurity would be lessened, the insurnnce proceedv shall 6e
<br /> �---'_'�7� npplied to the sums secured by this Security Instrumem, whether or nat then due. with nny excess puid to BoROwer. IP
<br /> �. Borrower abundons the Praperty. ar dces nat answer within 30 dnyg u notice from Lender that the insurance surcier has
<br /> ---_-- -�� offered to settle a claim,then Lender muy collect the insur�nce proceeds. Lender mny use the proceedw to repnir ur reatore
<br /> ---=��;� , the Property or to pay sums secured by this Security lnstrument.whe�her ar not then due. The 30�duy period will 6egin when
<br /> .�__, - -- the not�ce is given.
<br /> �"'�""` Unless Lender and Borrawer othenvise agree in writing, uny applicution of praceeds to principAl shull not extend ar
<br /> _ -='T"' I postpona the due date of thc manthly paymenta referced to in paragrnpha 1 und 2 or change the amount of the payments. If
<br /> ��'�= under ara ra h 21 the Pro rt �s Ac uired b Lender, Borrower's ri ht a su� inxurunce liciew und rceeeds resultin
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<br /> _ �-?`..;;:?n'�fi'v j from damage to the Property priar to the ucquisition shall pass to Lender to the eatent of the sumx�secured by this Security
<br /> _,,,;,,��;�,; � Instrument immediately prior to thc ucquisition.
<br /> -� 6. Occupancy� Preservption, Maiotenance and Protection oP the Property; Borrower's Loan Applicntion;
<br /> -.�,�;, Leaeeholds. Borrower shull accupy,establish,und use�he Property as Borrowerk principal residence within sixry dnys after
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<br />° =--F=°;T., the execution af IhiR Security Instrument und xhall cuntinue w cecupy the Priiper►y u�Borrower's principal residence for ut °
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<br /> �`"--:.�1'.n les�t one year after the dnte of accupancy, unless Lender otherwise ug�ees in writiag, which conacnt shull nat be �`ID
<br /> ��a�- �
<br /> unreasonably withheld,or unless extenunting circumstances exist which nre beyond Borrower R control. Borrower shall not
<br /> -•�•� � ��;`' destroy,damnge ar impair Ihe Piroperty,ullow the Property to deteriorate,or commit wuste on the Propeny. Borrower tihall
<br /> .� ,. -�•;�.,.• be in default if any forfeiture actian or proceeding,whether civil or criminul,is begun that in Lender 5 good fuith judgment
<br /> —��`F''v'��:.+ could result in forfeiture of the Property or otherwise materiully impair the lien cmuted by this Securiry Instrument or =
<br /> -� ���,�n-^WL Lender i;recurity interest. Bo�rower may cure such u default und reinstute,us provided in purugrnph 18,by cuusing the nction
<br /> ,�r`:��?Lati,.
<br /> ,.; ' or proceeding to be dismissed with a ruling thut,in Lender s goad fnith determination,precludeK forfeiture��f'the Borrower's
<br /> :.�,;� ' � interest in �he Property or other materiul impairment af the lien cmuted by this Security In.r•trument or Lendere security
<br /> --_��'�`�� Interest. Borcower shall nlsa be in defuult if Borrower, durinF the lonn upplicu�ion process, guve muterially fAlse or -
<br /> �_�: . • .
<br /> �ra.�a� �� inACCUrnte informatlon or statements to Lender(or failed to provide Lender with uny materiul information)in connection with --
<br /> __ `"����.`; the loan evidenced by the Note. including, but not limited to, representaliom concerning Borrowerti accupuncy of the ��-
<br />=�'�'-'='��='*5�:f_>> Property a�a principul re4idence. If this Security Instrument is on a leurehold,Borrower tihall comply wi�h all the provisiuns `
<br /> ,.� c. ' „ of the lease. If Borrower ucyuir�fee title ta�he Prc�perty,the teasehold und the fee title shall not merge unless Lender ogrees
<br /> yay� to the mergcr in writing.
<br /> -� � ` ' . 7. Protectlon oP I.ender's Rights in the Aroperty. If Borrower fuils to perfuim thc covenun�ti und agreement,
<br /> �" ' comained in this Security Inatrument, or there is u Ie�ul proceeding thut muy signifiwntly uffect Lender ti rigtds in the
<br /> o"i'�•_ ; � �� Propeny(such+u;u prceecding in bunkruptcy,prabate,for condemnution or fart'eilurc or ro enforce luws or regulutionti),then v
<br /> `�' a���� , �.r Lender muy do and puy for whutever is neces,ary lo protect the value oi'the F'ropeny und Lender+rights in the Propeny. ��:—
<br /> ~� , � °� � � l.ender4 uctions muy include puying uny+um�serumJ by u lien which hus prioriry over ihi,Securiry Instrument,upExaring �,;;:
<br /> ''� �.•�•- -..�. � in rourt,paying rea�onnble su�omeys'feex�md emcring on the 1'roperty to muke rep•rirti.Allhaugh Lender may take +�tion
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<br />.t� • under thix purugrAph T,Lcndcr dces not huvc to do so.
<br />''`' `r— a� '� Any umountx dixbuned by Leixkr under�his purugruph 7 �hull Ixcume u�klitionul dcbt ol'Barrowcr secund by this
<br /> �i`;i� .'�'�`,• � --
<br /> � �"''�'`. Security Instrument. Unless Borrower und Lcnder agr�:c to�whrr�rnnx of paymrnt,thexc umount.zhull beur imeresl from the �y
<br />�.a`�� ,'?±� ' � dnte of disburxement ut tlx Note rute und+hull Ix .� uMla w�ith intcresl, u n nrnice from Lcnd�:r la Borrower re uezlin
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<br />_ ,p..�>, � ; pnyment. —
<br /> ;:-==,- �''►�;1°'-�� ! S. Mortgage Insuranee. IF Lender rcyuired mon�zage intiuruncc uz a cimJition of making�he loan xecured by�hix
<br /> - � �r-}_;p�;,�!' . Security Instrument. Borrower shull puy Ihc premium.r• reyuircd tu muintuin �he monguge in�urunce in eftect. If, fix uny �
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<br /> `�"�a-��-�r--� reu�on, �he monguga insurunrc coveruge required by l.c�xler lupxc, or ceuscs to ik in effcc�, Borrower xh�dl pvy �hc -_
<br /> �,4 °' , premiumx rcquired to obtnin coveruge subxmnti•rlly eyuivalent to thr mongugc intiurUnce previouxly in �ffert, ut a cost
<br /> �� ' substnntiully equivulent to the co�t�o Borrower ot'�hr murt�uge in.urunce previ��uxly in et'fect,t'rum un alternute mongage
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<br /> ,,.���.� �•..;��; � insu�r opproved by Lendcr. If subxtuntiully cyuivulcnt m�ingu�e insurunce rovcrugr is nrn availuble,Borrowcr xhall pay to __
<br /> ':ti;;,; Lender each monlh u sum eyunl lo one-twelfth oi'thc yrurly mongugc inxurunce prrmium being paid by Bormwer whcn the -�-
<br />��-F�? ' . insurAnce covernge Inpsed or ccuti�d t��hc in rffrct. Lrndcr will urcrpt,usc unJ rciuin�hc+e puymern+us u In.,reserve in licu
<br /> ' of mortgoge insurancc. Losti rescrvc paymenh muy no longcn c� rcyuired,a� Ihc op�inn cif Lender,if mortgugc insurancc ---
<br />��?°.� � coveruge(in the umount ond for the�xriocl thul LrnJer reyuirctil provideJ by an intiurer approved by l.ender aguin hecixnes �-
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<br />. . ,.,,:• uvailuble und i�ubtuined.Dorrowcr xhull puy�hc prcmium.iLyuir�d�o muinuiin m�m�u�r in.urunrc in efl'cct.or�u proviJr u
<br /> . ' , loss rexerve,until the reyuirement i'or mungu�e insuruncr rixf�in uccurduncr wilh any wriucn:�grrement tmtween Borrower �`�
<br /> � unJ LcnJer or applicublc luw.
<br /> � �� . . 9. Inspection. I.cnJrr or i�.:���m��,uy �n;��;� r�u.�►�„�ni<<„���.,��r�,�,:uiJ in,�xcliun,��I ihe Prupcny. Lendcr shull -
<br /> givc Borrowcr nolicc u�thc tim.ul'ur priitt u�im im�xr�ion+�xrifyinE r�•r,unuBlr cau.r litt thc in��xrtion. �
<br /> l0. Condemnation. Thc pnxced,uf any a�vard or rlaim fur d;unugr+.direcl ur run�ryuentiul.in runncctiun with uny �`'
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