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<br /> `�� • periala that L.ender requirca, The insuronce carriar providfn�Iho inxu�ancc whall be chosen by Fimrower�ubjec�to Lcnderti
<br /> -- appmval which�hall not be unr+en}wnably wilhheld. If tforrawcr ioiix io muiniain�u�r�'�gu 3�r:i{lsct!�at't.l.cssdar ssssr;.as
<br /> -- —_� ----- Lender fl optlon.obtaln eoveruge to protect l.ender K rlghts ie the Pm�criy in accardunce wNh parugruph 7.
<br /> �� All insurance policies and rcnewuls shull be ucceptuble 1�l.ender and nhull include u slunJanl mc►rtguge clau+ae. i.ender
<br /> -_= ehpil huva thC right lo hold�he pe►IicicK und rcncwalK. If Lender reyufrex,Barrnwer�hull pmmp�ly gtve lo L.ender ull recefpta
<br /> �T of puid pmmiums and rcnewal natices. In�he event��f lox», Nix�ower xhull�ivo prampt ni�tice to�he in+ourwur cprrkr wnd
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<br /> L.onder. Lcnder may mnkc prooi'af li►��►iP nw mud�prumpQy by un•uwcr. -
<br /> Uoleax Lender ond Barrower otherwise agrce in wrfting.inxurnncc pr�kecda hhuli he uppUcd�o rcxtoratian or�pAir of
<br /> --- thc Property damaged, if thc restoratian or repui� ix econumicully fc�ible uad Lendcri+ cccurfty Is not IeK�ncd. If tho
<br /> —__� res�orution or nepair is n�t economicully fca.giblc or Lende�k security would be I��nened,thc inxuruncc praceedy xhall ba
<br /> __ upplied lo the sums secured by this Securiry Instrument,whelher ar nat then due,with uny excexs puid ta Bomnver. If
<br /> _�__=___},-�-� Borrower abandans the Piroperty.ar dces not onswer wi�hin 30 duyri a natice from L.endcr�hAt the incumnce currfer has
<br /> offered to senle u claim.then l.ender may collect the insurunce qraceedx. Lender may use the proceeds to re�air or re�tore
<br /> - ----= 1he Property or to pay sums xecured by thie Securiry lnatrument,whether ur iwt ihen due. The�0-duy pe�iod will beyin when
<br /> --��-;:�'. the notice is gl:en.
<br /> -�� .� Unless I.ender and Borrower athenvise agree in writing,i►ny applicu�ian of proceeds to principal �hall not extend or
<br /> •= postpone the due date of the monthly payments referred to in puragrnphx i und 2 or chunge the amount of the payments. If
<br /> °—�ti'7 under parngraph 2t the Property is scquired by Lender,Borrower's right to any insuronce policies and proceedg resulting
<br /> - . :� from damage to the Propetty pdor to the acquisition xhall puxs ta Lender to the extent of ihe sums xecured by this Sexurlty
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<br /> :„�;,,�,:`'� lnspument immediately prior ta the acquisition.
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<br /> "—'s'=`' 6. (kcupxncy, Preservadon, Maintenance and Protection of the Property; Bor�ower's Lopn AppNcAtlon;
<br /> - '� ;�t °'� l.easehalds. Borrowe�shall occupy,establish,and use the Property ns Borrower's pdncipal residence within sixty dnys a ter
<br /> ' '• ' the execution of this Security Instrument and shall continue to occupy the Propeny aw Borrawer'�principal residence for ut
<br /> ' ..;:,:-'`.� ,' least one year after the dute of occupancy, unless Lender otherwise ugrees fn writing, which consent ghali not be
<br /> �' f:. -,.'• . `� unreasonnbly withheld,or unless extenuating circumatnncex exixt which are beyond Borrower's cantrol. Borrowe� shall not
<br /> .,,`. destroy,damage or impair the Property,nllow the Property to deteriorate,or commil wagte on thc Property. Borrower shall
<br /> • �`..,,,;;,•�� be in defuult if any forfeiture uction or proceeding,whether civil or criminul, ig begun that in Lender4 good fAith judgment
<br /> ;'*'�'0"""• � could result in forfeiture of the Piroperty or o�herwise muteriully impair �he lien created by thix Security Instrument or -
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<br /> �- � l.ender's security interest. Borrower muy cure wuch u defuult end rein�tute,us provided io parugrAph 18,by causing the uction
<br /> � � ar proceeding to be dismis�ed with n ruling thut,in Lender's uood faith determinution,precludes fort'eiture of the Borrowers
<br /> �''" ` interest in the Pro or other mnteriul im uirment af the lien crcated by this Security Instrument or Lender4 security
<br /> •._•�,;.v ;: PertY P
<br /> interect. Borrower shall olso be in default if Bormwer, during the loun s�pplicn�ion procexx, gove muterinlly false or
<br /> •:;,�:;;, ineccurate informa�ion or statements to Lender(or fuiled to provide Lender with uny muterial infarmation)in connection with
<br /> - _-__- ,����=;�:�•_=`•� il�c iu,ui avi�nced by thc Natc, inclading, but not limited to, repmsamesi�n� oonceming Borcower:s occupuncy of the
<br /> } 1'�operty as a principul residence. If this Security Instniment is on u leu+ehold, Borrower rhull comply with ull the provisions
<br /> � ` K . �` of the leuse. If Borrower acyuires fee titic ta the Pn�perty,the leasehold und the fee�itle xhull not merge unle�s Lender ugrees
<br /> •,� to the mcrgcr in writing.
<br /> . �• 7. Protectlon of Lender's Rlgh�4 in the Property. If Borcowcr fuils to perform the c�venAnt� und agreementti
<br /> r' •• contained in this 5ecurity Inxtrument, or therc is u legul procceding that mny significundy affect Lenderk rights in the
<br /> <�r,�• � Propeny(such as n proceeding in bunkruptcy,probute,for cnndemnution or forfeiwre or to enforce laws or regulutions),then
<br /> ""�''�� ��, Lender muy do and pay for whutevcr is necexsury to protect the vuluc of the Propeny and Lcnder�rightx in the Praperty.
<br /> •�,:�. '�'.;•__.
<br /> Lcnder's actions may include p•rying uny�um+tiecured by A lien which hus prinrity over thix Security Instrument,uppenring
<br /> ' . ��,, in court,paying rea�onublc ultomeyx'fec,und entcring on the Properly 10 ma ke reprin.Altlx�ugh Lender may take action
<br /> ,,,`� _ under this pumgraph 7,Lender daes nut huve to do so. --
<br /> rw �..,,,; Any �mounts disbursed by Lender under this paragruph 7 shall Necwnc additionul debt of Born►wcr secured by this
<br /> - ,;�°-• d Security Instrument. Unlexs sorcower und Lender u�!rce to othcr tcrms of payment,dksc umounts shull M:nr intcretit from the
<br /> , �.,, _. _• dnte of ditibunement at the Note rate und shull he puyuble, wUh interest, upcin notice fmm Lender to Borrower reyuesting
<br /> ;aurn.r.�.�. pnyment. -
<br /> " • 8. Mortgage Insurance. If Lcnder reyuircJ murlgugc in.urcmrc us a condition aP muking the loun �ecured by this
<br /> � � ' Sccuriry Instrument, Borrower shall pay thc premiums reyuircd lo muintain the mon�uge inxurance in effect. If, for uny
<br /> °"'� � .. � reuson, the mortgage insumnce coverugc reyuired by Lender lup�c� or cr�ses to t�e in effecl. Borrower shull puy the
<br /> . � premiums required to obtuin covrruge suhtitantiully eyuivulent to thc murt�uge inzururnr pr�viuusly in efi'ect, ut a cost
<br /> . ` subxtantiully equivulent to�he cost to Borrower of the mongage in,urance previou.ly in cff'ec�, from an alt�mute mongage
<br /> "�1r�.�,,,.,�, : insurer approved by I.ender. If suhstantially cyuivulent mortgage in�urancc mvcr�gc is nat uvuilublr.Borrower,hull puy to -
<br /> "�� Lender euch month u sum equul to one-twellth of thc yeurly mortgagc inswunce premium Ixing puiJ by Bortower wh,.n thc
<br /> �„; insurnnce coveruge lupsed or ceutieJ tu Ik in et'fect. Lender will uccept,use und rctuin the+e puymen�s u.u lo.s reserve in lieu
<br /> :.�`.�... .. ;_.:': . of mongage insurunrc. Liiss reservc p•ryment.muy no longer lx reyuircd,ut Ihc option ut�l.cnder, ii'murtguge intiuruncc
<br /> _ ti; � . , coverage lin thc amoun�unJ fi►r Ihe p�:ricxi thu�LrnJcr requircxl pruviJcd hy mi in�ur�r uppruvcJ hy Lender uguin becomc� �
<br /> „ avail�blc und is obtuined. Borrowcr,hcdl puy thc premium.rcyuir�d to mnimuin m�►ngagc in+uruncc in effert,or to pmvide u
<br /> • ., • • lass rexerve,until the reyuiremcnt for nwngagc insurance endx in•rrc�xcli�nce with any wrinrn ugreement tietween Borrower =
<br /> und Lcnder or upplicablc I�w.
<br /> . � 9. Inspectfon. Lrnder or it.agcnt muy mukc rcu.unahlr rntric+u�w�n anJ in�rcrlii►n,of Ihe Pro�rty. L.endcr�hedl
<br /> , . - • give Burrower notire al Ihe�imt of ur prior to un inspertion�pecif�•ing rcu,�,nt�hle cuu.�tiir thr in+�xrlion. -
<br /> ° � 10. Condemnallon. Thc pnx:ced,uf any awurd or rluim fur d.�maEr.. dirrrl��r conuyurntiol.in c��nnection with uny
<br /> 5inglrF:mul� ••FunnM�fue/FreddM�farl'ti1F(IR�11'�57'Rl'�IM:11'--l�mlarnic'�,�cnant. 9NN qu�.¢rl��!^►��.e�••i
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