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<br /> peri�oda Ihat Lender rcquircs. Thc insurance carrfer providln��ho insuroncc eholl Ee chosen by Barr.�wcr�ubJect to L.enderk
<br /> -�•-- - �- approval whi:h ehall not be unrcexonebly witbheld. if Bcxrowcr fail�to mnlntrin coverngc descdbed abovo�Lender tn�Y•u _
<br /> .-� .,, Lenderl�oMinn,�in coverage to protect L�:nder's rightR in�he Property in nccordwnce with parugn►ph 7.
<br /> � All inaurance policies a+nd renewuls atwll be Acceptpbk to Lender und sholi include a Rtonderd mortgage ciouxe. [.ender
<br /> sholl havc the ri�ht to hold the policies and renewul�. Ii Lendcr requires,Borrowcr ehnll pramptly give to L.ender ull r+eceip►�
<br /> of{uiid premiums and renewul nadces. ln Ihe event of lasx.Borrowe�xh�ll give prompt notice to the in�urance caurju�nd
<br /> �—� �-' L.e�der. Lender may makc prcwf uf'lusa if not madc promptly by Borrower. �
<br /> Unless Le�uler and Borrower atherwisa ugree in writing,insurance proceedR shdl be opplied to restorution ar rtpair of
<br /> the �rty dumuged, iP the restorntion or repuir ix economically feavible and Lender R�ecudty is not lessened. If the
<br /> - restornt n or repair is not econamically feuxible ar I.enderx securiry would be lesxened,�he inauranca proceeds shall be
<br /> opplied to �he sums securcd by this Secudty Insaummt,whether ar not then due, wUh any excess puid to Borrower. IP
<br /> �- Borrower ubandons Ihe Property, or doe.r not answer within 30 dnys a notice from l.ender that the insurunce ca�-rier hes
<br /> offered to senle n claim.lhen Lender ma�collect the insunuxe praceeds. Lender muy use Ihe proceeds to repair or restore
<br /> ��_ � the Propeny or to pay sums s�xured by�bis Securlty Inurument,whother or not then due. The 30-dey period will begin when
<br /> the notke is given.
<br /> --- Unlega Lender und Borrower otherwire ugree in w�lting,any oppflcAtion of praceeds to principal shall not extend or
<br /> �� postpone the due date of the monthly puymen�c referred to in parugraphs � und 2 or chunge the wnount of the payme�ux. If
<br /> under parngraph 21 the Property�is ncquired by Lender, Borrower's nght to any insurance policlec and praceeds resulting
<br /> --�a from damage to the Property prior to the acquisition shull pass to Lender to the extent of the sums ssecured by this Security
<br /> Instrument immediately prior to the acquisition.
<br /> _ __ --- __;�x= 6. Occupwncy, Prescrvation. Maintenance ppd Protectlon ot the Properly; Borrower's I.oAn AppltcAtion;
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<br /> Leaseholds. Borrower shall occupy,establish,and use the Property us Borrower g pnncipal residence within xixty days Q ter
<br /> "•�V " the execution of this Secu�ry Instrument nnd shall continue to occupy the F'ropeny uv F3orrawer's principt+l residence for at
<br /> '�"��� leust one year after the date of occupuncy, unless Lender ottierwlre A$t�CBS in writing, which consent shall not be
<br /> ' "''� un►eoxonabl wilhheld.or unless extenuating circumstances exist which nre beyond Borrower's control. Borrower shall not _
<br /> �� � y destroy,damage or impuir the Property,allow�he Property�o deteriorutc,or commit wa4te on the Prapeny. Borrower shall
<br /> '� be in default if any forfeitute uc�ian or proceeding,whether civil or criminal,is begun lhut in Lender�goad faith judgment
<br /> ,, .' cauld rosult in Forfeiture of tha Property or othervvise muteriully impair the lien creuted by �hia Security Instrument or
<br /> Lender�security interest. Borrower may cure such a defuult und reinstate,us provided in pamgruph 18,by cuusing the action
<br /> •'' 't • ' or proceeding to be dismissed with u ruling that,ia Lender's gaaci taith determinution,pr+echides forPeiture of the Borrower�
<br /> " � Interest in the Property or other muteriul impairmem of the lien creuted by this Security Inx�rument or Lendere security
<br /> interes� Borrower xhall also be in defnult if Borrower, during the laun upplicn�ion procexs. guve muterially fplxe or
<br /> inaccurate info�matbn or xtntements ta Lender(or failed to provide Lender with uny inaterial informution)in connection with
<br /> - - - -,�,� ihe foan evidcnccd by ihc Note, incladfng, but not Ifmi�ed ro, representutions conceming Borrower� cecupancy of the
<br /> , ,5,�� Propeny us a principal re�idence. If Ihis Security InstNment is on u leusehold,Borrower tihall comply with ull Ihe provixions
<br /> � , '�•.,+q',.'� of the lense. If Borrowcr ucyuirex fee title to the Pmperty.the Icasehc,id and thc fee tide shull nrn mer�e unlcws Lendcr ogrees
<br /> '�::�t�;':, to the merger in writing.
<br /> -ra..:,.;•... 7. Protection of I.ender's Rights in Ihe PropeMy. IP Bo�mwer fuils to perform the covenuntx and agreemenis
<br /> � � conwined in this Securi�y Instrument, itt them i+ a legul prareding ihut muy signdicundy uffect Lender� rights in the
<br /> ' ;.;;�'`.�;,�. Propeny(such+u u proceeding in bunkruptcy,probute,fur candemnutinn ar forfeiture or to enfurec luws ar regulutianxl,then
<br /> . � '�.,.,,:�;; L.ender may do und pay for whutevcr ix neccssury to prrnect thc vulue��f thc Propeny und Lender's right�c in the Propeny.
<br /> �� Lenderk uctions mi�y include paying uny sumti xecured by u licn which has priority over this Security Inslrument,uppeuring _
<br /> � .',�"'. ` in coun, puying reusonablr uttomryx'fees und entering on�he Propeny to make repuirs. Although Lender muy take action
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<br /> •� . . under this pamgruph 7.Lender does nol huve to Ju xo.
<br /> -r , '�•� Any umoum�dixburred by I.rnJcr undcr thi+ parugruph 7 shall lkrome udditicxiul debt oi'Barmwer xecured by this
<br /> ,� ,& �;,,•�•.•. Securiry�nn�rument. Unlexti Bonowrr und LenJcr agree to o�her tcnnti ot'puymcnl,thcse umounh shull beur interest fram Ihe =_
<br /> �:,;�,,,�,,,, date of ditibuncmenl ut Ihc Note rote und+hull he puyahlr,with inlrrcsl,upun nolire 1'mm Lendcr to Barrower reyueating
<br /> ..,,,; ; puyment. -
<br /> � ��;,,,,,.,;�.,� 8. Mortgege Insurance. IF Lendcr reyuir�d mortgage insurunce us a rondition uf muking�he loun securcd hy �his __
<br /> . ��, " , . Securi�y Inxtrmnent, Burrawer shull pay�hc premiums rcquired to muintuin thc mortgugc insuruncc in effect. If, for uny
<br /> "' „ rcu+an, the mortgugr in,uruncc rovcr+�gr rcyuircd by Lc�xk:r lapxc. or reuses tu Ix� in cf'1'ect, Bortower xhull pay the
<br /> '`�=- premiumti reyuired to obwin rovcruge substuntiully equivalrnt to thr mongugr inwrunce prrvioutily in rffec�, ut a cost _
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<br /> � subztantiully eyuivulent 1���he cotit io Borrower of the monguge in.uruncc prcviouxly in elTcct,from un ultemu�e m�xtbage
<br /> -� ". �;�" �" insurcr upproved by Lender. N'xubxtumiully cyuivulent �mm�u�c in.urance covcmgr is nat uvuilable,Burrower shall pay w _
<br /> �`^' ►'';,:�•�'� V L.ender euch month u sum cyuul w�mc-tweU'th uf thc y�:�rly mongug�insurunrr pn:mium bcinF puid hy Borrower when Ihe �
<br /> insurunce covcragc lup�cd or ccuxcJ a►Fx in ril'crt. Lendcr w01 c�cccpt,ux�unJ ntuin�hc�c puymen�.us u lus,reserve in lieu
<br /> • � � of monguge insurume. Lo+s re,crve puymrnn may no longer lx rryui�d,ut thr opti�in ol'Lendcr, if munguge inaurAnce
<br /> �~�:'�:Yf': covrroge lin ihe umount und fur the�xrioci Ihat Lrnder rcyuirc.rl provideJ by�m insurer appn�vcd by Lender u�uin becume+
<br /> ��.�r.' " ; �
<br /> .. uvuiluble and ix obtuiucd.Borrowrr.hall puy the prcmiurn.rtyuired ui mairn:�in munEuF�in�urancc in cffccl.ur to providc u
<br /> �`�� � � • I�►s.rescrvc,unlil the rcyuiremcnt tor morlEu�c in.uranrc rnJ+m nccorJunrr with uny wri�len:��:rcemrm tktwecn Biirruwer -.
<br /> . ur.d Lcndcr cx upplicublc luw.
<br /> '. 9. Inspection. l.�ndc�or ita iigrnt m:ry mak�rc:�,unahlr rnlric,up�m and in+�xrtinm of thc 1'n►�x rly. Lendcr.hull �_
<br /> .;'" �. �ive Barruwcr notice al�h�tim�of��r prior 1�un insFxctiun,�xrifyin�rca�onahlr ruuu li�r ihc in+�xction. �
<br /> � . 10. Condemnadon. Thc pr�xe�d.uf'.my:�warJ��r rlaim tirr Janrigc+.Jircrl ur cunuyucnliul.in runnecti�Hi wiih uny f
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