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<br /> perlods tiu�t L.endar roqub+es. 7be insuauue catricr provWin�the in�u�+u�ce rhdl bc cho�en b� er wbject w Loeda�k
<br /> ._ - . �pproval which�t►all not be unreaanaMY wnhhei�. ti Hanower i'Rii»w rrwiniru�wvc�r��3:::c�1�at�va.Le�r msy.st -
<br /> IRndcrk aption.obliln covedge ta prcNect Lenderk rikhta in the Propeny in ace�rdwxe with pu��r�ph 7,
<br /> All insunuK:e policiea aid rrcnewat�stall be acceptabk tu Les�er nn�!•twtt include�standard mnrt�v�e clause. l.snder
<br /> �hdl hxve thc right to hold�he pc�ficks�nd ernewals. If l.cnder rcyuiree,&►mnwer shall promptly�ive tn l.ct�ler dl roceipts
<br /> of p�id prsmiums uul rcnew�t naice�. In the event of 1aea,[3o�rower sh�ll�lve prompt notice to the insunnce cwrler�nd
<br /> l,ender. Lender mRy nwlce proof af losc if not macfe promptly by Borrower.
<br /> - --�=� Unkhs L�:�ukr:�nd Barrowcr othenvtse agrre in writing,in�uroncc pnxeed+xh�ll Me a�lied to rcxtcx�tion ix repair of _
<br /> th� i�o�eny d�mayetl� if the realurxtion or oepuir ia eco�wmicully feasible �nJ Lenderk security is not lessened. If the
<br /> mq�xation or rcpai�i, not economically feuible a 1.enderE security would be lecsened, the in.yunnce praceedx xhall be
<br /> applied to tt�sumc securcd by this Security lnstrument, whethe�or not then due,with any excess puid to F3omower. If
<br /> Borrower abandona the Property,or dxs no►su►swnr within 30 days a notice from Lender that the insurwice c�rtler has
<br /> offered to xettk a elnim,tt�en Lender may eolleet the insurance proceedc. Lender muy uce�tie proceedc to reQair or restorc
<br /> thc property cx to pay suma socured by this Security Inurumcnt.whethcr or nat then due. The 30-day period wtll bcgin whcn
<br /> -- - - - the noticc is givan.
<br /> Unless Lender and Borrower otherwise agree in writing,any application of pcoceeds to principul shall not extend or
<br /> postponc the duc datc of the monthiy paymenta referred to in par�graphs 1 and 2 or chAnge th�:amount of the p�yment�. If
<br /> unde�paragraph 2( the property is acyuired by Lender, Borrower's right to any insurance policies and proceeds rexulting
<br /> from damage to the Pr+nperty prior to the acquisition slwll pass to l.znder ta the extent of thc sums securcd by this Security
<br /> lcuwment immediately prior to thc acqui�ition.
<br /> f, pecupancy� PraservAtion, Mai�tens�nce s�od Protectbn of the Property; f3orrower'e I.am AppBcatio�;
<br />__ (,�aiel�olds, Borrower shnll occupy.establish,and use the Pmperty a�Borrower�principal residence wlthin sixty days after
<br /> the ezecutia�n of this Secuciry Instrument und sh�tl cantinue to accupy ttx:Ruprriy a.Bor��ower�princlpal residence for at
<br /> least one �•ear after the date of occupancy. unle�.t L.ender cut�erwise agrces in writing, which consent shall not be
<br />- unrczumably withheld,or unless extenu�ting circumstances exist which:ur beyond Borrower's control, Borrower shall not
<br /> Y` destroy,damage or impair the Propeny,aliow the Pmperty ro deteriorate,or commit wut►e on thr Property. Barrower shall -
<br /> �; be fn default if any forfeitun action or proceeding,whether civil or criminal,is begun th•rt in Lendec's good fuith judgment
<br /> � could result in forfeiturc of the Propeny or otherwisc materially impair the lien cmated by this Security Instrument or -
<br />_.7� L.a�der's security inte�est. BaTOwer may cum xuch a default und rcinst�ue,as provided in paragraph l8,by causing the xtion -.
<br /> or proceeding to bc dismissed with a rulinF that, in Lendcr's gaod faith detcrrnination,percludeh forfeiture of the Bortnwer's
<br />''��- interesr in the Property or other material impairment af the licn rreared by this Security Inswment or I.ender�s securiry
<br />-�1 intercst. Borrower tihall also be in default if Bprmwer, during thc loan application proccss, gave materially fnlse or
<br /> inaccurate infoonation or statements to Lender(or failed ta provide Lender with;u�y material infamation)in connection with
<br />�`; the loan evidenced by the Nate, includi�ig, but nat limited to, reprcsentations cunceming BcxmwerE accupa�x:y of the `
<br /> ':"�� _ pmrrny a.c A principal residencr. If thi�Security Insbument is on a teasehold,Borrower�hall comply with all the provisions
<br /> "� �,�,�,., � of thc Icase. If Bocrowcr acquireti fee title to the I'►opr.rty.thc Icusehold nnd the fee titic shall not me�e untess i.ender agrces
<br /> �� to the mcrger in writing.
<br /> "'r: �-� • � 7, protcrtion ot I,entler's RiRhts in the !'roperty. If Borrawc� f:�ils to perform tlu covenants And agreements
<br /> ; .:;�.-;,_y's�r'::' contained in this Security Instrument, or thorc is u IcFal proceeding�hut may si�mficuntly affect L.ender's rights in the
<br /> . .; � s'-•.r '3
<br /> ;;r:;� .•:.i�'� . Pivpeny t�uch as a prcxceding in bankruptcy.prob•rte,for condemnation or torteiture ar tn enforce laws or regulations),then
<br />- � x L.tader may Jo and pay for whatever iti n�:rc+.:iry to protect thr value of the Property and Lcnder's rights in thc Property.
<br />' yr� Lender�xtionx may inrlude p•rying any�um.tircured�y a lien w•hich hu�pricxity aver this Security lntitrument,appearing
<br /> •'�`"�4`•'�,. •-'.,`��,� � in court, • in reawrwhle attorsky+'fee.and entering on the Prc�erty to muke rcpairs.Althou�h Lender may take action
<br /> � wy s
<br />� '':�'��:`"'�''`�- ' under thix p:+ragraph 7.Lendcr doc+not havr t��do.u.
<br />.: ���ra�' � Any amount+di.bur.ed by Lender under thi+par:��!raph 7 tihall l�camc adJitiunal dclx of Borrow•er secured by this
<br /> �� �..� ,��j, .. Serurity In�tntment. UnIc�+Bort��wer arnl Lrndcr•rgnn a�othet tcrm�af paymcnt,the,c amounts.hall txra�inreres[f'rom the
<br /> 'f$. �•- � d�t e o f d i s t w r+e n�e n t �t t h e N o t e r�t r a n d �h a l l t x p a y u h l�,w i�h i n�crcst,u p�m notice fmm Lrnder to Bomowe�r e questin g
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<br /> �����.�;':.� . payment.
<br /> "'°�""'` ' � 8. Mort�age Inwrance. If Lendrr rcyuimd mortga�:r imurance a.a condition ot'makinr the lo:u� xcured by this
<br />"� '"� � Security Instniment, &xtower shall pa�•th�prcmium.required u� maintuin thc moRguge in,ur.�nce in rffect. If,for any
<br /> ' �•.�," : � reuwn. the mcxtgaFe in.urrnce rnverage rcyuinJ by l.endrr lap.e.or crak� to he in effect. Bormwer.haU pay the
<br /> � �"'`''';•`"' •"`•` � prcmiums rcyuin:d to i�htain covcrugc ,uh,tantially ryuicalcnt ta thc mongag� in,uranrc previuu.ly in effiYt. :Il :l COSI
<br /> •`.� '��c�',. , tiubstuntially eyuivalrnt to tlx�co�t to Bom�w•er ol'thr mongage inwrancc prcviou.ly in rffrct,from an altemate mortgage
<br /> '"'""." . imurcr approved hy Lrnder. If substantiaUy ryuir:drnt mon�agr in,urrncr cuverage i.nut avuilaMe.Bom�wer�h�ll pay to
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<br /> ; •;�,�, ,- • Lenekr each month a�um eyu•rl to one-tw•ebih�.f the�•rarly mortgagr inwrance pnmium t+ein�paid hy Borrower when thc
<br /> �..• insurat�ce caverrge laptied�x reaxd tu tx in rttrrt. L�nJrr K ill arrept.u,r and rctain the.e payment.•r.a los�rcyecve in lieu
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<br /> of mortgage in+urrncr. Lo+� re�cn�r paymrnt, muy no I�mgrr lx r�yuind,at thc uptiixi uf Lcndcr, if mortgagc in.urancc
<br /> �_''` � coverage(in the amount and for thr p�nai that Lendcr nyuirc.l pru�•��kJ b�•an imurcr approvrd Ny L�nderag�in becomes _
<br /> - � ��'� available and i,oMained.Eiormwer�hall pay the pRmiwm nyuircd ti�maintain murt�ag.in,uranrr in rffect,cx to pmvide u `-
<br /> �-_`-•'�:� loss reserve,until thc nyuircment for mortg•rgc inwranrr end�in urrordanrr with an��wriucn ugRement Ixtwecn Borrow•cr
<br /> ���;;,;,`�;.�, and Lcnder or applicablr 1:►w. „
<br /> , r�;��., 9. Inspeetion. Lender or ih•rgent muy ma{,� na,unaMe entrie. u�x�n anJ in,�xrtiun.ui the Pruprny. Lrnder,hall
<br />--'r!.:_ ' �.�:;':•.�t`�: give Borrower nwice at the timc uf or prior to•rn in.�xr�ion,�riti•in�:maumablr�au,r ti,r thr in.Exction. _ .
<br /> - •.��_�":�:'•". 10. Candcmnatioa. Thc prurrrJ.of an�• awani ur cl:�im ti,r Jamu�c,.dimct��r ronKyurntial.in ronrnttion with:u►y
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