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<br /> — periods�tdat Lencler�equitrs. 71x in�urance caziier providing the insorance shalt 6e chosen by Bo�cawer subject to Lender's•
<br /> -- � apprbval which shall not 6e w�ncusonabiy withttctd. If 8oriower fa�s to main�ain coverage descdbed above,Lender may.ae
<br /> _ � Lender's optian.obt9io�ovt�ge tQ pcotect�.cnder's right�in thc Property in accordaace with P�B�Ph 7� ,
<br /> ,�. A!i insutance policie�and tehcwais sit�U bc accept�ble to L.ettder and shall include a star►dard mortgage claus� Lxnder
<br /> — shall h�ve thc righe w f tnW!he_policics und renewals..if Lender requises,Borrowec shall pinmptly give to Lender ali receipts ,
<br /> - , � af Q�id ptemium9 und rrncwa�nut�i�es. In the everEt of Ioss,Borrower shall give Qrompt notice to the insuranoe carrier ar�d •
<br /> LenQc�. t,ender may mait�prnof of toss if not made promptiy 6y Borrawer.
<br /> � ----- Unles's Lcndcr and 8oirowet a�htnvi�r agee in writing,insurance procecds shati be apptied to restoratian ar rapai�of —
<br /> the Roperty daznagcA, if Ihe restaration ur tepair,is economicatiy fea.c�'b!e and Lender's security is not lessened. If the
<br /> rcstmation or reQais is etw econumicaliy fcasiblr or Lender's security wontd he[essened.the insurance procceds sfiall be�
<br /> _ applied to thp sums secuted by thir Security fnstrumen�whether or:rcot then due,wiih any excess paid to Borrower. If
<br /> Borcawer abaadorts the.Pt�apeny.or daes not znswer withiu 30 days a tr�ssce from l.ender that the insuranve ca�rier has
<br /> offere�to settle a claim,then Lender ma�coitect die insurance procee��`,�e=m�aY�ue thQ pr�eeds to tepair or mstos+e —
<br /> tfle Property or to pay sumr�rcecuced 6y tkis Serurity inswment.wlnther os�:����'Il�e 34-day periad wi116egin when
<br /> �';�E the nasire is givea :�;�:>a•,•' `�'.. ; •..:� .-.� . �
<br /> , � Untes.�l.cnder and�orruwer uthecwi�,e a ree in writin .an a Iication of: '�• ':t�c-ai shaf!not eatend os .,.:.:,. ��.�
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<br /> '� posipone the dae date o1'the munthly Qaymentti referred to in paragraphs t and 2 or c���2�amount of the payme�s..�f . —__ __
<br /> 'Y �. - . under�g:aph 21 lAe PtapeAy is aeauired dy 1.ender.�armwcr`s'nght to any insura�ss��olicies and praceeds r�I��•:•, • -_
<br /> �: fsom damage ta the PtopertY Priitr co the ucquisitiun sh�l}pa�s to Lender to the extent of ie,sums secured;by this Sec�:a _ $ -�
<br /> z; Insuument immediately pdor ta the ucyuisition._ ; . . •�
<br />- 6. O o c u p a n c y. P r e s e s'v a H o n, M a i a t e e a n c e a n d f h r o t e c t Wn oi the Pro � , �i'rower's Loaa Appiicatiaa; '` ��_ -
<br /> I.eisehoids, Bperower shall occupy.e�tabli�h,:►nd use the PrapeRy�8orrowec's�=�a�^��3ence within sixty dayg aftes ,: =-` ��_-__--
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<br /> the executban of this Security M�trument and+hal!cpntinue to nccupy the Ptopect?��s T��r's principal�esidence for at • r ��
<br /> ;�,-.�',,�: �•' � teast one year aRer the date of uccupancy. untesr- Lendcr otherwise agrees �i -��g• which conseni shall not Iae. •.. -�'-�'-�`'
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<br /> unreasonabty withhefd or unlese eatenuating rinumrtaaccy ezist which are 6eyand ff.a,-r.awecs control. Borrower shall�'. '•:: - �:;_,�..==
<br />��I;``�'�.� desuoy.damage or impair the Propeny.altaw the Ptaperty to drteriarate.or canna�:��.��'ste on the Property. Borrower sh^� :`";�. ��='�=-
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<br /> be in default if any farfeiture acti��a ar pnxr.eding.whe�hei rivil or criminal,ia�br,�^€�chat in Lender's good faith judgment` _;:.. '• •�:;�__
<br /> , cuuld resuit in forfeiture af the Prupeny or�therwise materialty impair the lies a��ed by tbis Security tnstrument or : _
<br /> - - Lender's•recuriry intere�t. Batsowec may cuce such a default and minnate.as pmvi3��y,aragraph 18,by causing the uction � , ___'l'``��' _
<br /> � �' %�::� or proceeding to be dismic�ed witb a culing that.in l.cndcr+gcxxf faith determinati'a^:,�ciudes forfeiture of the Borrower's�� -
<br /> � �..• ������ interest in the Roperty or othcr materiaf impainnent of Ihe lien crcated by thi.�5°�rL::v (nstrument or l.ender's securiry � •� � � '`--°
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<br /> . . ;_.<,� interest Borrower shall aiui be in defuult if Borro��•cr, during the loan applicatiir„z pracess. gave material[y false or •_ � : «; .:., ;,`%�`_
<br /> ,f L ;�;:,� �inaccurate information ar statement�to i..ender(ar failcd to pnwide Lender witb any:n3txcal information)in connection with �f:• � ��,�
<br /> � the loan evidenceci by the Note, including.but nat limited tu. repm.entatians conceming Borrower's accupancy of the ��,�;' �
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<br /> •��;::;; � �x>..' Pinperty as�princiQal resi�ence. If thir Security Inrtrument i.�m a le�►rehold.Borrower shall comply with aq the provisio�s. ,. ,,,,,z%� - ,
<br />'�'.�}�-:�:�"•• " . '�••'' of the lease. Ii Borrawer acyuireti fec titic to the Property,thc:lca+chald:utd thc fee titte shall not mer e untess Lender :• F4 r�r;;,: .,��
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<br /> ..:,�r•��{,.� '{,,�;�: . to ihe mergrr in writing. �:.:'.,��`.", .
<br /> . �=�•':��: � i'�' `� 7. Protectlon of l.eader's Itig,htc (n the P�t�perty. !f Harruwcr fail. to perform the covenants and a �•`'�;�'f-
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<br /> • . �,�l���: contai�ied in this Securiry Mstrumem. or thcre i� a Irg�d pnwerdinb that m�y tiignificanUy affect Lenderc righ�c in tFY° , ti ;;;?'«;�:;x;°;;�rr •
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<br /> '''�!�'��••' Property(such ar a pruceeding in bankcuptcy.profiatc.fur cundrmnau�m ur fi�rf'eiture or to enfor....-:..ws or regulations),t� ., �t���,;p2.t.,,.�,,.;•;;;,,;<. --
<br /> . � ,:� ; '` Lender may da und pay for whatcvcr i.iicec.,ary u�prutrct thc vatuc�d'�he f'mperty and Le.'��'s rights in the Prope.�_ . �+ c�:s;'��;: .,;;`�,��`-�',
<br /> � • '' ! "` '" � l.ender's aetions may inelude payiag any.um��rcured by a tien«hich ha.priority over this S�-r ity Instrumem.appear.rg. £F`,15�}i l 1 l��'J�'�_
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<br /> ' . -• in court,paying reasonable uu��mcy+'f�e�and entrring an�he F'ru{xrty a►makr repairs. Alt�ce�.5 Lrnder may take acti�� fi�iy,' . '�� ";�:,'�t:
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<br /> • . � ' under this paragr,�ph 7.Lender d�xr not havc U+d�►,o. • . �'.�
<br /> ' � • Any amountti dishur,ed by l.endcr undre thi+parag�aph 7�hall F+ecume additional dcbt of Barcou+er secured by thia r�; . �
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<br /> • •• Secur�ty tnstrument. Untery Bara►wrr.u�d l.rndcr agr«tu uth�r[crm+uf p.rymcm.these amoun�c shal!bear interest from the •�;�' .>;:_�__
<br /> •{ � � date of disGursemem at thc Nu�c ratc and +h;dl he payahlc. ��•i�h imerrrt.upm nmicc from Lender to Borrower r uestin
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<br /> :,,.,.. • '..a:: ` payment. _ .
<br /> .;'`';'; ��'- _;:= 8. Mortgage Insuranee. If'l.ender reNuirod niung.�gc in.ur,uice a.a candition af irr•.:ki�g the laan secured by this , ��7 . •. '.:x:._
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<br />� �!;•`::::' - ' Security Instrument.BoROw«tihnli pay thc hrcmiun►. rc��nircd tu n�intain thc mortgage ir,>��..zce in effect. If,for any '�•. � �
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<br /> reason. Ihe mortgage inwranrc �����r:�br r►N���<«� ny i.rnder tap�cti ar cca.c. tu he in•e.€e�..Borrower shall pay tk�e �;,;,;'•� - ,;»;.,_
<br /> � �*' •'"' ', premiumc reyuired to obtain ru�erage tiub.tantially c�►uiv:drnt tn Ihr in��rlgage insurance previou,ty in effect, at a ca�g �.��c!.': ' ,;;a�,;�;'�'"
<br /> 3' .' substantially equivafent to the c���t u+H�,rruwcr uf thc murtg�ige in,ur:iuce prrciuu.ly in effect.from a.a!:rmate mortga�� ��'t��:;;'';':•:;>>;i�'.����;::t'';: �
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<br /> ;,,�,,:y . � . insunv appraved by l.ender. If.rub�tanti;�lly c��uivalrnl�uurt�.��;r in,ur,u�ce c�n•cragr i�nat availabte.B�zaaer Shal!pay to f�>;�,�:,,; .:;,,t�:F,�,:1�:;4�' ;;
<br /> •� ..�: . ::::} Lender each month a sum cNual tu unc-iaclf►h uf�hc yca�ly m��n�;�gr in�ur.mc�pr�mium fx�ing paid bj�G��-rower wh�ri t�;. �;.,;., •. .�;, .= T<
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<br /> - . �" insurance caverage lapscJ or craKd to he i��eifrc�. I�nd.r��dl ac.cp�.utir:in�f r�t;iin the,r payments ay a?�+ceserve in�ie:� �'it:: �., �::;s*�i'';:;
<br /> • � �`'.,'-�: . • of mongage insuraacr. las�re�erve paymcm.may nu b�nt.r he te��oirr�l.et Il�e uptiun uf l.cndcr.if r�v':�a�e ins�::a�:e ��', .
<br /> '`. S {n I ! PP Y = �- , . :�.:%J�'::x"'�
<br /> � . f�,•` covera e tin Ihe simaunt and fiu�he n�Nl th.►t Lcndrr rr�uircti► ,n,��dcd hy :�n m.ur��u ruvcd b l.eni�-a�zia heca..3eti R" . • ,.; �:�;?,;•;,
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<br /> �•�:,': •�_� :.� , aoaitable a�td is ohtained.Iiorm«rr tihall p.�y INr prcmiun►r uyuirr�l t�►�ri.wu.�m iu�+►��.�agr a�.ur,mce ineffec:.a:tn pravide a � ,._,,s.;�;.
<br /> �. �� " •� lmx rezervc.until Ihc rcyuiromcm fi�r mnrtgagr imurmcr end.i��ar.�rr�l.�n.��ui�h au� ��rittrn�igrccment bc'w�.-�Borrowcr � ,.. ., ..��
<br /> _ ;'`s. anJ Lendcr nr applicabtc la�v. � <'' :"�
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<br /> 9 !ns Hon. I..ender ur i�.a�ent n�a• nr.�l�c iratiun.�t,lr coua•�u������,uul�n.pr�nuu�uf�he Propeny. l:ender shall -..
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<br /> ,,r,: � givc Bonowcr nuticc a�thc Um.:uf ur priur tu:ll/tll�(h�'llu�d��q't I��Itl}!U'.����Il��l��t'�du�C t��r�hr in+�►ctinn. �°.':,., ,.,�
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<br /> • . 10. Cundemnation. The pruccrQ,uf an� a«arJ��r.l.�in�f��i�I.�n�.�;•r..dur.���r c��n.r��uemial.in connecti:,a with any E ' �`'.'''.,:�:.',i..,;,�:,.'�
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