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<br /> �^ periads th��[.enda�requlrox. The insu�nce carricr providing the insurancc shell be choseen by Borrowcr subJect to Lenderb
<br /> approval which:hall not be unmasonably withheld. If Barrower fails�a maintuin caverugc described ab�wc,LcrWe�mey,at
<br /> I.ender'e optlon.abtAin coverage to protect Lender's�ights in the Propeny in accordance wi�h para�raph 7.
<br /> .--•-------�--- AI!insurxnc�pnlicka and renewalR shall be Ace:eptwblo to Lender and rhull includo u stondnrd morlBAAe claurx. l.ender _
<br /> ____—_.� _� shall havc�he right to hdd tl�c policies and ronewols. IP L.endcr requircs,Borrower ehall prc�mptly give to L.ender all�celptx
<br /> of�aid prcmiums and renewal no[icea. In the event of losg,Borrower xhull give prompt notice tn th�inrurance curtier rnd
<br /> l.cndcr. Lendcr may make proof of loxs if not made promptly by Barrower.
<br /> Unless LenJer and Saaower oiherwiso agree in wrfting,insurance praceeds xhuli be appNed to rextarulian or rcpair af
<br /> _ _- the Pr�etty dnmAgal. if the rcstoration or repair is economically featiible And I.ender� �ecu�ry is not Icssened. If the _
<br /> � restomtioo or repair ie not economicelly feasiblo or I.enderx security would be ie�r�ened, the inaurance proceeda xhull ba
<br /> _ epplied to ths suma secured by this Securfty instmmcnt, whether ar not Uv:n due, with any excesg paid ta Bormwer. If
<br /> -�;r,-� Borrawer abandons the Property,or dces not nnswer within 30 daya u natice from Lender�hut�he inaurnnce corrler hns
<br /> � offerad to seule a claim,then Lender may callect the insuraace proceedK. Lender mAy u�e the praceed�to repnir or restore
<br /> - —�"�=� the Prapeny or to pay sums secured by this Security[nstrument,whether or not then due. The 30-duy perlad will begin when
<br /> ��,�.,,� the�otice is given.
<br /> - - -_---r- -- Unless Lender ond Borrower othenvise agree in wrlting,uny npplicalion of praceeds to principul whall not extend or
<br /> __ postpone the due date of the monthly pnyments r+eferred to in paag�phs I and 2 or change the�unount of the payments. If
<br /> ---- under parograph 2l the Property is acquired by L.ender, BorrowerF right to uny insurance policies and praceeds resul�ing
<br /> _--: from damage to the Property prior to the acquisition shull pu.cs ta Lender to the extent of the sums secured by this Secudry
<br /> ��:�-�� Instrument immediately prior to the ucquisitian.
<br /> t 6. Occupancy, Preservation, Melntenance And PrMecNon oP thc Prope�ty; Borrower's Loan AppNcwdon:
<br /> = Leaseholds. Borrower shall occupy,establish,nnd use the Propeny ns Borrower's principul residence within sixty deys afler
<br /> ---•�a�s?�::_ the execution of this Secudty Instrument and shall caMinue to occupy the Property as BorrowerR principul regidence for ut
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<br /> " �� -' �.•:=�;�:=~� least one year after t6e dute of occupancy, unless Lender otherwise ugree� in wriling, which consent shall not be
<br /> �T��` ' unreaconably withheld,or unleKS extenualing circumstances exist which are beyond Borrower',s conirol. Bartower shnU not
<br /> _°_-- , destroy.dnmage or impair the Piroperty,allow the Piroperty to deteriorate,or cammit wastc an Ihe Property. Borrower shall
<br /> `-�'-;. ��,:;:i��,.�.,, be in default if any forfeiture nclion or proceeding,whether civil or criminnl, is begun that in Lender's gcrai Puith judgment
<br /> -- - -_=:_'�-'"4•`. could result in forfeiwre of the Properry or atherwise muterially impuir�he lien creuled by this Security Insirument or
<br /> �•�, y: Lender:s security interest. Borrower mny cure such n default nnd reinx�ute,us provided in parngruph I R,by cuusing�he uction
<br /> - �=�-��r�� or proceeding to be dismissed with a ruling thut,in Lender's gaocl fuith detem�inAtion,precludes forfeiture of the Borrower ti
<br /> -- �:,-, _ ,,., � interest in the Property or other muterinl impuirment of the lien crcuted by thiti Secu�ity Instrument or LenderK security
<br /> ?7� _� interest. Borrower shull nlro be in defuult if Borrower, durin� the loun upplicntion pracesx, Ruve muter�ully fulse or
<br /> ��p:=�=-ti inaccurate infortnation or xtatemen�s�o Lender(or fuiled to provide Le�xler with uny materiul infonnation)in conneclion with -
<br /> —��� �s!� :� the ban evidenced by the Nate, including, but noc limited to, reprcxemotionti concerning Borrower's accupancy of Ihe
<br /> �-` '�� Property a.g a principul residence. If thix Security Ins[n�ment is on n leasehold,Borrower shall camply with ull the provisions
<br />_ -__'�`="'��`�''_- of the lease. If Borrower ucquires t'ee tiUe to�he Property,the leusehold und the fee title shall nrn merge unlcws Lender pgreea
<br /> � ro the mer er in wri�in
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<br />�'-=��,' �"°•� � 7. Protectlon ot Lender's Rl�hta in the Property. If Borrowrr fuils to perform the covenants and agreements
<br /> ;.�, ..�..�..�' contained in this Security Instrument, or there is u lagul praceding that muy sigm�cnntly uffect Lender's righis in the
<br /> Y,-��� ' ' '� Praperty(such as u proceeding in bunkruptcy,prabutc,for rondemnution or forf'eiture ur to enforce luws or regulutions►,�hen
<br /> - -:�.,�o�.�.`'�:•."�'".` l.ender muy do and puy for whntever is necessury to protect the vuluc of the Propeny und Lender's rights in the Property.
<br /> ':='�:�" �;'.."• L.ender's uctions mny include puying uny,umx secureJ by u lien which hu.r•prioriry over this Security Instrumen�,appe�ring _
<br /> ___ e in court,paying reasonable Atlomeyti fecs und entering on the Proprny ro muke repain.Allhou�h Lender may tuke action -
<br /> �` ` •'•�•���'��• under thig pnmgruph 7,Lender does rwt huve io da sa.
<br /> ='.�� �;;�� n . Any omounts disbuned by l.encier under this purugraph 7 shull become udditionul debt of Borrowcr secured by lhis
<br /> __��..�y ���";�iF•�• Securiry Inxtrument. Unle�s Borrower und Lender agree to other tenm ut'puyment.thexe umounts shull bear inten:tit from thc
<br /> �:�.,_�•'}� • .'�;�.:;;� date of disbunement ut the Note rute und xhull be puyable, witb interest,upcm notice from Lender to Borrower reyue�ting
<br /> '.�.: �' °; puyment.
<br /> � V. •��� •• 8. MortgAge Insurence. If Lender reyuired mortguge insuruncr as u condition af muking the loun xecured by�his
<br />'���',• "�?��";� � Security lnstrument, Borrower shull puy the premiurns reyuircd ro muinlain thr mongaFc in�urunce in effect. If,for uny
<br />_ �''•'."- %'' '' � reason, Ihe mortgoge inzuruncc rnveruge reyuired hy Lendcr lupses or ccu.cs 10 he in ei'Fect, 6orrower shull pay Ihe
<br />-,=1;, °"�' premiums required to obtain coverage subslantiully equivulent to the martguge insurnnce previouyly in effert, ut u coxt
<br /> _;�,;�` �• hubstantinlly equivulent to the cost to Borrowcr of thc mon�!u�c insurunce previouxly in et'fcct, from un ulternnte monguge _
<br />__;:� ' "�' � insurer approved by Lei�dcr. If substuntiully eyuivulcnt mongugr in.urunce ri�vcr.�gr is not uvuilable,Burrawer,hull puy to
<br /> '`""° � Lender euch month u�um eyual to onc-�wcltih nf thc ycurly mortgugc insurancr premium i�ring p:�id hy Borcower when Ihc =
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<br /> �. , insurunce coverage luptied or crused to hc in rff'cct. Lcndrr will uccept,u�e and retain thexe paymentr ue A loss reserve in lieu
<br /> " V;,°;t: ;; of mortgage insur�nce. Los�rc,crve puymcnl� may no lon�er tk reyuircd,ul the n�ion af Lendcr, if mongagc in+urunc�
<br /> -°i''�'. ��' • ��,. coverage(in the umounl und for the peri«l thot Lendcr requirc.l pmvidrd by an inzurer oppn►vcd by LcnJer uguin beromes
<br /> � �` ����•=�•� available und i�obtuineJ,Barnnver shull puy the pmmiwns reyuircd tci muintain murtgugr intiurunrr in cftcrL or to pmvide u
<br /> ��., _ � loss rexerve,umil the reyuiramem tix mon�!ugr inzurunce erxlti in urcorJuncc with imy written ugrcement hetween Borrawrr ;_
<br /> � •� und Lender or:�pplicuble luw. ��
<br /> ' . . 9. Inspection. Lcnder ur it,ugcnt may mak� mu.onublc entric,u�xm und in,�xctiom ol'�hc Pro�xny. L�nder +hul I `
<br /> ,, ' give Bornrwer nolice ut Ihe lim�i►f or prior to an ins�xcliun��xrifying reu,antiblr c.�u.t titt thr in��xrtion.
<br /> . ' `, 10. CondemnAtian. Tlk pnxcrd�ul':m}•:i�vard ur rlwm t'ur d:�mngc+.Jirrrt or runsrqurnliul. in r�mnection with uny
<br /> „ Sinpk Family--Ywnnk S1we/Frnddle�fuc l'NIFOR�f INSTItI'�IEV7'..l�nllumi Cnvcn;m�ti 9NN1 qk�4r?��n p�i�r.��
<br /> - - , • f.rc.M I.ilcex Hwlnna Rmn.In[� �.
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