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<br /> periodx thAt l.cnder requires. Thc insurance can'fcr providing thc insurance shall be chosen by Borrowcr subJoct to Lcndcrb
<br /> rpproval which shell not be unmasonnbly withheld, If Boaowcr fails io maintuir►cavernge de!�cribed otwve.l.eitder mry.w
<br /> Lon�krk option,obtain wverage to protect l.enderk rights in the Pnnpeny in accordunce with paragraph 7.
<br /> All iesurance policfes and renewal3 ahall be acceptable to Lender end shull include a etandard mortgnge clouxe, l.ender
<br /> Rholl hove Ibe dght to hold tho policies end renewals. If[.ender reyuircs.Borrower shall prornptly givc to Lender ull rccciM++
<br /> of pwid premiums and Rnawul notices. In the event of loss.Borrower shall givc prompt notice to�ho inrurunce caMcr wnd
<br /> L.codcr. L.ender may meke proof of loas if nat made promptly by Barower.
<br /> Unlesx l.ender and Borrower othenvise agree in writing,insurance proceeds ahull be uppNed tn restoratlon or rcpuir nf
<br /> Ihe Propeny dmm�ged. if the restoratlon ur repair is economicnlly Peaslble nnd Lenclerh r,ecuri�y ix �ot Iexcened. IP�he
<br /> rcxloralion or repnir is not economicatly fensibte or L.ender��security would be lessened, the lnsurnnce praeeda xhull be
<br /> upplied lo the sums secu�ed by this Security Instrument, whether or not then due. with ony exce,x paid ta Bwmwer. If
<br /> B�rrower obandone the Property,or does not answer wlthin 30 duys a aatice fram l.ender that thc in�urunce cArrler har+
<br /> uffercd tp settle u claim,then I,ender may collect the insurance prexceds. Lender may ur,o thc procecd�tu rcpuir or rextare
<br /> the Praperly ar to pay sums aecured by�his Secu�fty Insuument,whether or not�hen due. The 3U-day neriod will hegin when
<br /> �he nnNce IR given.
<br /> Unlesr Lender wnd Borrower othenvixe agree in writing,�u►y applicution of pmceed+to principul xhull nut rx�end ar
<br /> p��st�nc Ihc due dute of thc monthly pnymentx referred to In parngrnphs 1 and 2 or chunge thc umount of�he paymenis. If
<br /> r.d . undcr pnrograph 21 the Property is ucquired by Lender. Borrow�rl right to uny in.urunce ��licics ond prcxeedx rexulting
<br /> � fn�m Jwnage ta thc Prnpeny priar ta the Acquisition shull pa�s io Lender to the catent oi'Ihc xum��:ccured by thix Securfty
<br /> Ina�rumern immediAtely p�or to the aequisition.
<br /> .,, , 6. Occupaocy. PreservaHop, Mnintenxnce and Protection of the Property; Borrower's I.os�n Applicatlon:
<br /> ,,_�*, • I.ea.cehdds. Borrower shall occupy.estublixh,and uxe�he Propeny u+BoROwerz principAl residence within sixty duyx after
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<br /> -• •• ,� • Ihe exccutbn of thi�:Sccurity In�trumont und shall continue to cecupy the Rapeny ax BoROwer�principal n�xidrnce tur�t
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<br /> �• .,=�,,,yy t�;��. Iet�+� one year ufler the data of oc:cupuncy, unlexs Lender o�herwise ugrccs m wri�in�, which coment shall not be
<br /> ;�' ;`�Y�•-` � ,� •• •. unreusonuhly wUhheld,o�unlasx extenuating eircumstimces exist which ure beyond Borrowers contml. Borrower shull nac
<br /> . ' � . a . , do�troy,damuge or impuir thc Propeny,allow Ihe Property to deterioratc,or commi�wustc an the Rroperty. Bnrn�wcr+hull
<br /> 1< y ;' lx in defuull if any forfeiture ac�inn ar proceeding,wheiher civil or criminul, i+begun thut in Lenderk good faith judgment
<br /> • '�'",`.' " ` c<►uld rc�ult In fc��fciture of the Property or aU�nvise muterially impuir the lien creuted by �his Securiry Instrumem or
<br /> � Lrnd�r�,crurhy inicres�. Bnrruwer muy rure+uch a defuult und reinsw�e,as provided in purngruph I R,hy cuusing�he uction
<br /> ' '��'� � � ��r pr�KCCding to Ix di+mi�sed with u rulin�that,in Lcnderk Rcx�d fnith determinutian,prerludes Pwfei�ure of ihc Bittrower's
<br /> � " inlcrcti� in�he F'roperty or alher material impWirment oi�he lien creu�ed by �hiz Security Ins�rumen� or Lender�security
<br /> ., inlcRxl. Num�wcr .hull al,n hc in defuult if Barrower, during Ihe loun upplicuti�m procesz, guve muteriully fulse or
<br /> ,�••t ° °� inuccu�u�r inG►rn�s�lion or+tu�ememr ta Lender lor fuiled to pravide Lendrr with any mutcrial infnrmutinnl in rnnnec�ian wi�h
<br /> �."::�`:� .� . � dxx luun evi�kixcd hy the Note. including, bu� not limi�ed �o, reprexenta�ian� concernin�t Born�werz occupancy of tlx
<br /> ,•.,. .�.. , . , Prc�xny ur u prinripul re.iJence. If thlx Serurity Instrumenl is on n leaxehold,B��ROwe�shull comply with ull the pmvitiions
<br /> -- . . . .. oi tha icuK. ii H��ROwer ucyuirex Ice tida[o the Fropeny.�hc ieu.tiehaid und�he ice�idc shufi not merge unlcs.r•i.endcr agreex
<br /> ,. tu Uw mcrgrr in wri�in�t.
<br /> , � „ ° 7. Pr��tection of I.ender'c Ri�Mts in the Praperty. If BoROwer fuih to �xrfum� �hc covenunts unJ u�reemen�s
<br /> cunUiimd in Ihi. tieeuriry In.�rument,or Il�rm is a IeFail prcxeeding thut may signitirunUy affcrt LrnJrri righh in Ihr • �
<br /> • Pru�ny I�urh u.a pr�x•rrdin�:in hank�uptey.prohute.for condemnuti�n or forfeiturr or to enti►rce luwy or regulu�ioml,thrn
<br /> � l.ender m�iy do�md�u�y liir whu�evrr is nrce.sury ta protect the vnlur��f�h� Pmpeny and Lcnikr�ri�!h�+ in the Pn��x;ny.
<br /> , l.cndcr:urliun.�uuy includc pnyinti uny sum�srrured b�•a li�n which has priority ovcr thi�Scrurity In.trumcnt.uppcaring
<br /> in ruun,paying rru�unuMr niturncy.'Icc� und cntering on thc Proprny lo roalc rcpairx. Al�hough Lender muy �ukc ocli�m
<br /> ,J . ;, . ., wxlcr�hir pur�i�r:�ph 7.Lrndrr d�k,nat huvc lo d��xo.
<br /> �!� . , . Any nnwunt.di.hur.rd hy Lcndcr under thls pur�igrnph 7 shall hrromr aJJiti�aial Jrbt of Bumiwcr .ccurcd by �hi.
<br /> � � r• . . . , Sccurity InNnimonl. l�olr��Narrowrr amd Lrnd�r ngr�r ta athcr trnn���f puymcnt_�hc.r amuunl�,hall Ixar inlrrc,l 1'rom Ihc
<br /> �'^ dulu�if di.hc�r.emem ul Ihc Nutr rutr and .h�dl Ix puyable. with intcre+t.u�x�n nuiirr t'�um Lrrnler tu Rorrowrr rryur+ling
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<br /> "'Jr' . S. M�KlkuKc Imuruace. If l.rnikr rcyuired nwrt�:+ge in.tuanrr a.a runJiuun ui'malin�tFk luan ticcur�d My Ihi,
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<br /> �; /t, . Sccu►tiry In.Irumrnl, liurmwer .Ir.ill pi�y Ihe prrmium� rcquinJ lu mainlain the nwn�:agr imurance in eftcct. If. liir uny
<br /> � • , reuum. Ihr mnrl�su�. m,uruncr cov�n�g� rcyuired hy Lender lap,r. ��r reux. �u Fk in ellccl. Horrowrr .hull pay thr
<br /> , . � pnntiwn. rcyuir.•d lu oht+�in cu�rr.i�r,uh.l;uiliully �yuivalrnt tu Ihr m�m�agc intiurancr prcvii,u�ly in cl�frct. •rl a ru�l '
<br /> , �ub.lunliu0y cquiwdrm a�Ihr ru.i a► liurruw�r of thr mnn�:ngr in.uruncr prrviou,l}� in rftcct.frum un altrmulr mongugr
<br /> • in�urer i�rprue�d hy I.cnJrr. It��uh.�anlially rqui�•;drnl mi�rtgn�c imur�inrr cavcr.�gr i,nut irv:tiluhlr.Bam�wrr.hull pay to 1
<br /> „ Lcnikr riah muntl►a.um«�ual tu nn���i���hih uf Ihe v�arh�mun�iiEr imuranrc prrmium IxinE paiil hy Nurn�wcr whcn Ih� �
<br /> • � � IIIrUR10l'C CuYCNI�!�•��I����'���q c�':I�C�I U►Ik'111 C11QC1. Ll`qllCf WIII i�iC��lt.UM:IIH�fC1:11111�1C�C(�:1)�I11COt�:1�:1��»�f��CfVt 111�ICU
<br /> • .. of mun�;�gr in.u�+mrr. I.u..n�.rnr paymem� m:iy nu lun�cr hr rcyuirrd,i�t ihr upiiun uf Lrndrr.it'ronn�u�c in,uranrc 4
<br /> cuv�ru�!c lin Ilk+nnuuut mid I�tt Ihr�xri�xl Ilun Lcndrr rryuirr+l pruvidrd h� mi imurcr appruvcJ hy l.rndc�ugain txcome� C
<br /> � uvuil��hle�md i,uhl;nnrd.Huu����ri�h:dl p:��•die premium.rcquired I�i m:iinlain nwngagr in.uranrr in rttcrt.��r�u pn►viJr u �
<br /> ►� � ;,�-. , lo�.,re,rrvr.a�uil Ihr iripmrmrm I��r nnrngug.in,ur��nce rnd,in siccord:mceµi�h:my wriacn agrrement Ixtwren liurru��rr F•
<br /> utNt I.rndrr�a��p��huddr I;���. '
<br /> ,1 9. In,p�tilion. Lrudr►��r u.,iprul muy mal,�� rca,�,nahl��eniri�ti upon :mJ in�prcliun���I ihr I'i���xm. LrnJer.hidl '
<br /> "�� givc Nurruwrr uuU.c lu Ihr Um.•��1 ur pnm to an in,�xcUun.prrit;vin�:rea.unaMc r.iu.�ti,r ihc im�xr�iun. �
<br /> J.: 10. l'ondemnulf�N�. I hr I►i�k•r.•d.uf,u►� ;ne:�rd ur rl:um I�u d:unagr.,dimct or run.ryurnti:d.in r�mnrrliun w ilh uny
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