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<br /> perkMx thpt,L�eMer royutm�. 7'Ao iaeunulce carrler provtdin�the inaur�ncro ehall be cho�en by&xn►wer wbject ta l.�nderi� �
<br /> ��xovq)whiph;dlqli,tKtt 6e unrtuarably witi�ld. If llonower f�lb u�mrintain covcnnQe da�c�ibed above.l.andor may.at
<br /> t.enda�lt d�NiAn�.alllpiq,�ver�ye lo proteCt L.e�xler i ri��lus in U�e Prapeny In accorctu�cc with pu�y�ph 1.
<br /> All.inaurAn�e pnliaks and renewals�II be accepublo ta Lcnder aad ahall include�st�ndard morlgaYe clause. l.cndcr
<br /> �hall h�vo U�p.ri�bR�a twld the poNclea ond rcnewals. IP Lender royuirei,Bort+nwcr ctu►11 p�amptly Rive to Lender all roceipt�
<br /> aP pAid pnomipms�nd renewal noticee. tn�he event of IasA,Barn►wer:ha11�iva prc�m�pt notice w the iownnce cinier ond
<br /> Lendar. Landar r►tsy;makc pnwf uf losu if not nwde prampdy by 8orrowcr.
<br /> Unlus.v L+and�rand�9�rtower dhervvise agrec in wdting.invurw�c¢proceoda shall bc appikd to�estorAtion or repair oP
<br /> the dnmtiged. if the rrstoration or repxir is economicnlly kasible and l.ender's suurity ia nd lca�ened. If the
<br /> re�Wrat�or nepair.iA not oconomtcally feasibk or Lender�security would be lex�ened.the inrurw�ce praceeds stwll be
<br /> applied to tba i►uma secuned by�his Secudry Ins[rument, whelhet br nat then due. with any exceRa paiA ta Bonnwer. If
<br /> &xrvwar obandnna�ha Prope�ty,or does nat answer wfthin 30 days a nouce fmm Lencter thac the insurance cartier hag
<br /> ot�'aied.tu sattGt a cluim..thsn,l.+�n�ler m�►y collert the ir►surance p►a�eeds. 4ender may uge the praceed�a repair or restore
<br /> d�e plvperty or tu ppy s�urtn�cacured by this Security Insuumcnt,whcthcr or�uu then due. Thc 30-dsy period w111 begin when
<br /> �da nwicc ia given..
<br /> Unlex�I.�eod�tr and&�mowe�dherwise agree in writing,any application of prc�ceeds to princip�t shall not extend or
<br /> po�st�onR�ha dus dAta oY�t11R mumh�y payments referrad ta in paragrAphs 1 and 2 or change the amewnt of the payments. li
<br /> wui¢r ppragn� 21�tha Propprr. iR acquired by Lender, Bomnwcr's rlght la nny insurance policieR and prorads rosulting
<br /> from d�amaga to U�u Ptt�c�ty p�r lo the acquisition af�all pasa ta t,ert�der ta the ex�ent of the sums secured by this Secur�ty
<br /> insuu»xnt immadiutaly pri�qr W Iba ncyuisitian.
<br /> 6, Qc�uy�tr� Precervafioa. Ms�intewnce and P�Mectian of tbe Property: Borrowcr'e I.o�o Applkadon;
<br /> r... L eA�ehold», B�xtowe�shall.ocCU 1� Y P P� Y Y
<br /> :�ti...:�, +�. , py.establish.und uYe the Pro rt a.g Bormwer�s rinci I residence within cuet s ter
<br /> a• �ha executiqn of thie Secu�ir,{ln�tnunent and shall continue ta accupy the Properly a.�c Bor�ower§principAl �sidence for at
<br /> �� . .� ,,�� I�saxt oaa year after ihe dnla of occupnncy, unlesh Lender othenvise agrees In writing, which conse�t shull not be
<br /> unrtoe.onubly wi�hhald,or unlu�.�extenuuting circumstances exis�which are beyand Harn�sver's control. Borrower shall nat
<br /> �`� ditwtmy,ds�mage or impair tha Pruperty,a11ow the Property lo deteriorsue,or commit wasle on the Pr+aperty. 8orrower shnll
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<br /> be in dofault if u�y fetJeitu�r action or pra:eeding,whether civll or criminal,is begun that in L.ender c good fAith judgment
<br /> could �+exule�in,fvrf¢iWm of�he Property or otherwise materiully impair the lien creu�ed by this Security Instrument ar
<br /> . �. ,� L,ern�Ms�'s 6ecurity inArrr�. Bomawrr muy wre such A default s+nd reinxtate,as prmided in puragrnph 1 R,by cuusinR the ac�ion
<br /> r i��: on p�viceeding tu�be dismissed with A ruling tha�,in Lender's good faith determination,preclude�forfeiture af the B�xrower�
<br /> f ° �•��r�"• intu�.��,�hu Ptc�erty or ather material impuirnient af the lien created by this Security Inxtrumem nr LenderK nccurity
<br /> ,,. .� �.�. intur�est �u�er shall also be in default if Bormwcr, during the laan Applicoiion process, guve muterially false or
<br /> ; ^"��' {�:r inuacurant infotmndon or statements to Lender(or fuiled to provide L.ender wlth nny materinl infomiation)in connectian with
<br /> i .� ` �� �i� wv�.���1 hy Ihe Nnte, includin¢. but not limited to, representationti canceminR Bomawer's occupancy of the
<br /> ;..�., . .<" Rv�Ky oH o p�incipnl�bidance. If�hir Security Instrumcnt ir an n leasehold,Borrower shall cnmply wilh uU�he pmvixions
<br /> � '.:�:: �•. , oC thu luar�. If&xmwor aayuitux fi�title to the Propchy.the IeaxehoW ond the fee tide shall not merge unless L.ender uFrees
<br /> + - „ ' ��f•:�,.�:.;1,;.��,. .tI to tha mers¢r in�wriiing.
<br /> � ,�,. . 7. l�MUtRrtinn,of I.ender's Rights in the Prnpert�: IP Bom�wer fuilg to perf'orm �h�: covrnnm� And �greements
<br /> a,,. � ' , . . '" � conu�ined in,thix Sscurily Intitrument, or�here ix u Iegrl pnxeeding that muy xignificuntly�fiect Lender; �ights in thc
<br /> w.. . Property I�ueh�ux u pnxeeJing in benlcruptcy,probate,far condemn•rtion or f'orfei�um�r to enforce luws or regulations),then
<br /> ` l.endar muy do und p:�y for whatrv�r i+ necc+xary to pnnect Ihc vqlac��f'Ihc Pirapeny und Lendcr:rights in the Pmperty.
<br /> I..rndCr�ueliona may include paying any+ums sewreJ hy a lier+whicfi haa pri�xity�wrr thi�Security In�irument,oppeuring
<br /> ' . ' � in court,puyin�reasanable uuomey.'fecs anJ�ntering on dtie Properly to make mpuin.Although Lender may wke uc�ion
<br /> • " undcr this pura�eraph 7,l.cnJcr Jae.nat huve tu do,o.
<br /> � •. � An� wnounts Ji,lwned by Lrnder undrr thix paragruph 7 xhall't�eromc udditinnal dcbt ot'B��rm�ver serumd by this
<br /> � ` Srcuriry Instrument. Unle»Born�wrr anJ LrnJcr ngra�t�other term+of paymen�,ihcr,r nmuunts xhull t�eur imerest f�nm thc
<br /> �,°� t:.�': dute of dixhur�menl at Ihe NMC rulc und shull lx p•ryubl�,µ�ith inlen.�,up�m noticc from Lernkr to&,rrawer rcquexting
<br /> � �• pvyment.
<br /> S. Mort��e Insurance. If LenJer rcyuirrJ m��rtgc�gr in+urunr.c u+:�cundition ot'mnkin�t Ihc loan securcd by this
<br /> '� " ' � Security Inslrumeni. Bortuaer .hull pay Ihr prrmium+r¢yuurJ lu maintuin Ihr m��rtga�r inwrrnrr in cffect. If,for nny
<br /> � , � � ren�on, Ihe mortYUge in+urancr cuvcragr reyuircd by LrnJrr lop�e� or rr:+�c� ta tx in cl'I'ect, Borrower sUall puy the
<br /> , .' premiumx reyuired�o obtuin cover.�Er �ub�l:unially �yuivulrnt lu Ihe nwn�agr in.urancc prrviuusly in et'lect. at u co�t
<br /> ' . , tiuhntantiully eym�alent t�i Ih��ro,l Iu Hurcuwrr uf Ih�m��ngugc insurancr pnvi�iu.ly in cl'f�cl. fruin un allemule murlgage °.
<br /> �� ., . intiun�r uppmvcJ by l.rndcr. 11',ul�tiiantiall� cyuivul�nt murtguKr intiur�nrc ru�rra�r i.nat a�•uil�hlr.BormWer.fiall pay tu ,'
<br /> x_r:4�i Len��carh moneh•r�um ryuul to une-�wclfth ut'Ihr�•eurl� mnrtgu�c intiuranrc prrmiwn Ixin�e puid hy Bi�rrowcr when the
<br /> ,..•,�N•.,• in.urance rovc�agr 1;�{xeJ ur cruxd lu Ix in�tlicl. l.enJrr will c�crrpt,u�r and rrtain�hr.r p•r�•mcnt�a.s�le,.m,crve in lieu
<br /> . of mongo�ee inwn►ncc. Lu.s rr,rn•c puym�nt, muy n��lun�rr Ix rrquircd. ai thr up�iun ut'L��xlcr.if m��ngu�c in+urancr •
<br /> , ':,„,:•.?,y�,� coverage lin thr amounl und(ur Ihc�x�i.�l thu� Lrndrr iryuir�,)pruvidrd hy an imurcr approvcd by Lcndcr u�uin Ixri,m�. ,
<br /> •�Yr•. uvuil:iMe and is ubluin�J.Bon�>u•cr.hull pay Ihr pnmiumti rcyuir�J Iu nu�inluin m,�ngugr inxur:nur in�t�tcct.or 1ii pn.vid�a ;
<br /> � ��. � - ., lotiti resrrve.unlil thc rcyuiremcnl liir monEu�r in,uranrc cnJ.in ucconiunrc with any �vrinrn ugnemcnt t►ctwecn Bortowrr
<br /> �- ' und Lrndcr or�ppliruhlc luw. �
<br /> �1' � ' 9. Ins p e ctiun. Lendrr ar itti a�tent muy mnl,e r�a.unuhlr rntric,u��n and inspectiun.of'Ihc Pn,�xny. l.rndcr,hall � .
<br /> �' ► , ' • � ivr Born►wrr n�►ticc ul lhc timr ol'ur riur tu:m inti uiun,k�if in rcu+onuM¢cau��tiw�hc in, �tiun. �
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<br /> � 10. Condemwtion. Thc pnxrrJ�.ul':+n� awanl ar rlaim tirr Jan�u�tc..JitLrl or runticyurnlial.in cunrmctiun wi�h nny �
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