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<br /> s. aa�e+a ar rt+op�rty I�anaoe. eomnwer in.0 weep tl,e ln�roveraea, aua► e� or nen.tter e�.a.d oo d�.
<br /> �ape:ty inwred qdna loa by tlr�e�luir�rd�Induded wi�hin the t�m 'extended oovera�o• aad �nq athes�f�rda� iockcdfn�
<br /> floods or flaadin�.f�which l.ender roquiro�inwrw�e. This irtwranoe sludl be m�inufned in 1he unounta and for tiwpelodr
<br /> that l.endcr nequtra.The I�ura�we arrler provldin�the inwnavo�hall be chocen by Homower wbject to Latder'�approvd
<br /> which slWl not bo unn�an�bly withheld. if Borrower fdl� to m�intoln oovua�e describod wbove, Le�der tn�y. �t L.a�der's
<br /> optioa,abain oovera�es w prntect L.ender•i ri�hts in the Pr+op�rty io ecoordanoe with par�raph 7.
<br /> "i' All insuranee policies ald rcriwds shell be�oceptable to l.ender u�d�heU inciude a nt�ndard mcmgege clauee. L,ender
<br /> shall have the dght to Iwld the policiea aad renewals. If l.ender roquinn�.Borrower�hall pmmptly aive to[�ender alt raxlpts oi
<br /> '' pAid prcmiums and renewel�wtiees.In the eveat oP loss,Borcower�hall�ive prompt nwioe w the uuunnce aurler wd lrender.
<br /> L.a�der nwy nwlce pmof of loas if not nwde pmm�tly by Bortower.
<br /> Unless i,ender and Borrower othervvise ag�r�e in wrlting, insuranoe ptnc�eods shall be appiled to rcstotation or repair of tbe
<br /> Property damaged.lf the restoradon ur npair is eoonomically feasible And Le�der's socudty is not less�ned. lf the ceswratlon or
<br /> • :x ,, rcppir is not aonomically feasible or L.ender's security wauld be Ic4sened, the insursu�oe proeeeds shall be applied to the swns
<br /> `• .� securod by this Securlty Instrument.whether os not ihe�due,with any exass peid to Borrower. If Horrowet abandom the � :
<br /> .r:;';' ;�..`;� Properry,or dacs nat anawer within 30 days a notice fram Lendet that thc insuranoe curier has offercd to settle a claim,tha�
<br /> ��{, �4�'�'r, l.ender may caUcct ihc lnsuranec �roceeds. Lender may use the proceECls to tepair or reatore the Property or w pay wmt�
<br /> '�"`•'�r� secured by thls Se�urlty lasdument. whether or�ot then due.The 30-day periad wlll begin when the notice is givan.
<br /> Unkss Lerdcr and Borrowcr otherwise agroe in wridng, any application o('pmceeds to principal slwll not eatend or
<br /> � , postponc the due dotc of thc monthly paymentc rofernal w in pACAgrAphs 1 and 2 or change the�nount oP tLe payment�. IQ
<br /> , . ---v,_�' ,;�y:'.�L undcr paragraph 21 the Praperty is acquired by l.cnder.Borrower's rl�t to any insurqnce policie�wid pnx�oeda�+eewltln�fmm
<br /> �" dnnwQe to the Property Prior to the acyuisiUon�hall pass to l.e�der w the estent of the wnu cecured by Ihi�Savrity Iroqument
<br /> "�:hi�=.�:�r�-':� . der
<br /> , .. , • imnadiately prior to the acquisition.
<br /> `.� �,.;.; . . 6.Oocuppncy.PI'�ilrVAli011�M�Inten�nce wnd Proteclioa ot the Pro1�Yi Bon+nwer'4 t.o�n ApplkNtbni l.e�Rehold�.
<br /> , �. ; � . Bomowar rhall occupy.entablirh,u�d use�he Pmperty ns 8nrmwer'�principal rcrWence wi�hin rix�y dayr atkr Iho ezecu�lon of
<br /> � ;'; � . � �•. - �hix Secu�ity Inslrumem ond xhall conlinue 1��xcupy Ihe Pmpeny ax&�mnwePx princlp�l rcsiden�ro fur ut 1e�u�no yeor oQer
<br /> ! '� Ihe date of occup�ncy,unle�R l.aader Whenvize yrces in wdtia�, which consenl rhal! nM bo unrr�w►n�ly withhald,or unku
<br /> � ,�`�=r oxtenundo circumwance� exiu which nre be und Bnmiwer'R ccmtrul. &irn►wer Klwll nnt deMro . da
<br /> ,.,.��' � Y y mnac or imEwir the
<br /> � Propeny, allow lhe Propcny to dctcrinrAt¢, �►r commit wule an the Prc►pehy. 8amawer slwll bc in dofault if wty forfeituro
<br /> "� � ' ;...'�:•'. . action ar proceeding.whether dvil or criminal, is begun that in I..ender's good fAi�h judgment ccwld reault in forPelwro of the
<br /> ° Property or othcrwise materlally impair ihe lien created by this Securfty Instrunknt or L,ender'a cecurity intercst.Bornawer tnwy
<br /> .. ..."t. �•`.��' I cssne sssch a dtfanls snd rtlassate.as grovidsd in ixu�Sr.�sh !S, bY causfag thc xtioa or prorc�3lag io b�dismiased wiih o ruiin�
<br /> �tiat, in L.cnder's good.feith determination, precludes forfeiturc af the Borrower's intercst in the Property or�ther mNOri�l
<br /> ' - impairn�ent of the lien created by this Securily Instrument or Lender's secudty inter+e�t. Borrower ehall also 6e in default if
<br /> ��•. I Borrower.during the loan application pracess.gave materially false or inaccurate inforn�ation or statements to Lcnder(or failtd
<br /> ' to provide i.ender with any materiel informntian)in cannection with the loan evidenced by the Note,including,but not limited
<br /> !:' ' j to, representations concerning Horrower's occupancy of the Property as a principal residence. If this Security instrument is on a
<br /> �' � Icasehold, Horrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Property, thc
<br /> ��, ; leasehold and the fee title shall na merge unless I.ender agrees to the merger in writing.
<br /> '• . � � 7. Protection of l.ender's Rights in the Property.If Borrower fails to perform the covenants and agreements contuined in
<br /> � "';`',� this Security (nstrument, or there is a legal praceeding that may significantly affect Lender's rights in the Property(such as x
<br /> ��• � :.�'1�'�",;�;;.'�� , proceeding In bankruptcy, probate, for condemnation or forfeiwre or to enforce laws or regulations),lhen l.ender may do and
<br /> � : '� • . � � , pay for whatever is necessary to protect the value of the Propeny and Lender's rights in the Property. L.ender's actions may
<br /> (h . : �; , .� � include paying any sums secured by a lien which has priori�y over this Security instrument, appearing in court, paying
<br /> Y' � '�' ' • � reasonable attorneys' fees and entering on the Property to make rcpairs. Although Lender may take action under this paragraph•
<br /> � � 7,I,ender dces not have to do so.
<br /> �•;�` ; Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borcower sa:ured by this t �.t
<br /> -• � �- ' � Security Instrument. Unless Borrower and Lender agree to othcr terms of payment, thesc nmounts shell bear interest from the �
<br /> date of disbursement at the Note rate and �hall be payable, with interest, upon notice fmm l.ender to Borrower requesting
<br /> �« payment.
<br /> ' `., - � S. Mortgage Insurance. If I.ender required murtgage insurunce at a condition of making the loun secured by th�s secunry
<br /> • • �. InstrumeM, Borrower shall pay the premiums reyuired to maintain the monga�e insurnncc in efPea. If, for any renson. the
<br /> mortgage insurance coveruge required by Lender lapses or ceases to bc in effect, &mower shAll pay the premiums required to
<br /> „ � '�'�. `• � , :. obtain coverage subslantially equivalent to the mon�age insurance previcwsly in etfect,a� a c�is�wbstantially equivalent to the �
<br /> ��� " : � ` cost to Borrower of the mortgage insurance previously in cff��ct, frnm an �Itemutc m�mguge insurer approved by I.ender. If �+�''�
<br /> ' substantiall wvalem mort a e insurance covera e is not uvailable. &�nower shall q '' �
<br /> ` � '.� Y�I � S S B pay to I.ender r�rh month a sum e uul to +���
<br /> �r' r-,' � one-twelRh of the yearly mortgage insurance premium being pnid by Borrower when the insurance rewerage Inpsed or reASed to '���
<br /> r �. be in effect. I.en.ier will accept, use and retain these payments a, a losti reserve in licu of nxirtguge in�,urance. Lass reserve r.;.
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