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<br /> periud�th�t I.ender roquiros. The iruuru�x carrier povidina the inwranoe�shdl be ctw�en by BorrowiecC�Ta�derti
<br /> —' appnov�l which r8all not be unteaw��bty wlthheld. If Bamwa fdl�to mai�uin cuvera�e dacd6ed above,Lender tn�y.u
<br /> . I.enderl�option.obt�ie covea�a to prdxt I.enckrl�d�bta in the Property in�ccadance with p�nph 7.
<br /> All lruur�nce poficie:wid nenewals�tra11 be�cceptable to Lender and shtll Include a standud mat�a�e cla�ue. Leedee
<br /> shell havC the ri$ht to hold the policiea And nenew�is. If Lender roquir��.Borrower�6d1 promptly�Ive to L.ender all roceipt�
<br /> of paid prcmiums and nnewal notloes. In the event of loaa,Barowcr�ull�ive prompt notfvo to the inwrmoe carrier and
<br /> Lender. Lender may make Exoof of loas if not made promptiy by Bocrnwer.
<br /> �� -- �' Unless i.eixkr and Bocrower otherwlse agroe in writing,incurance pnx:aJs shxll bt applied to c�ertor�tian ur repsir of —
<br /> -- the Property damAged, if the cestoration or ropair f�economicalty feaaible rnd Lender� securiry is not tessened. If the
<br /> restaation or repair la not economic�lly fesuible or Lender� security woutd be lessened. the insurance proceeds shell be
<br /> applied to the sums secured by this Security Instrument, whethu a�na then due,wlth any cxcess paid to Aon+ower. If
<br /> Borrower at�ndons the Property,or does not answer within 30 dAys a notice from Lender that ihe inaurance carrier h�s
<br /> offened to settle a claim,then Lender tn�y coQect the insurence procads. Lender may use the proceeds to rcpair or restae
<br /> the Propeny or to pay aums secwrod by this Socuriry Instrument,whether o�not then due. The 30-day period will begin when
<br /> �'— �-�� the noUce ix given.
<br /> Unless Lender and Borrower otherwise age�e in wrlting,any application af proceeds ro ptIncipal shall not extend or
<br /> pastpone thc due date of the monthly payments rcfemod ta in paragraphs 1 and 2 or chnngc the amount nf the payments. If
<br /> under paragraph 21 the Prnperty is acquired by Lender,BoROwer`s dght to any insurnnce policies and proc�eds resulting
<br /> from damxge to the Property pdor ta the acquisition chull pw�s w Lender to the extent of the sums secuc+ed by this Securiry
<br /> Insnument immediately prior to the acquisttion.
<br /> 6. Occup�ncy, PrescrvAtion, MeinteoAnce And prMection ot the Property; Borrower's Loan AppUcadont
<br /> t.easehi►Ids. Bamower shall occupy,establish,and use the Properry as Borrower's principal rcsidence wIthin sixty days after
<br /> the execution of this Security Instrument and shall continue to occupy the Property as Bocrower's principal residena for at
<br /> _��� � lea.gt ane ycar after the date of occupancy, unless Lender otherwise agrees in writing, which conxnt shall not be �
<br /> -- unmasonAbly withheld,or unless extenuating circumstunces exist which are beyond Borrowerl control. Botrower shall not
<br /> destroy.damage or impair the Nroperty,altow thc Property to deteriorate,or comuiit waste on WC Prv�ecty. Borruwcr sl»II -
<br /> - be in dcfauit if any forfeiture action or proceeding,wt►ether civil or criminal.is begun that In Lender's g�od faith judgment
<br /> _ could t�esult in forfeiture of the Property or otherwise materiully impair the lien created by this Security Instrument or
<br /> �-�� Ler,der's security interest. BoROwer may cure such a default and rotnstate,as provided in paragraph 18,by causing the act�on
<br /> or procecding to be dismissed wjth a ruling that.in Lender's goad faith detormination,precludes forFciture of thc Bornower's
<br /> = interest in the Property or other mater�al impaicment of tlx lien created by this Security Instrument or l.ender's secu�lry
<br />- - intcrest. Borrower shall stlso be in defnult if Bomower, during thc loan application process, gave muterially false or
<br /> - iaaccurate information or statements to Lender(ar failed to provide Lender with any material information)in eonnection with
<br /> :�;',� the loan evidenced by the Note, including, but nat limited to, representutions conceming Dorrowerk accupancy of the
<br /> - -�- Pm�rsy s:s princips{resldence. If shis Security lnstrum=nt i�or.s lessehold,BQrm::�er sha!!compl�:rith a!!the gm�islons
<br />: r�:,'l,�,,,��'., of tix lease. [f BorroWer ecquircs fee title ta the Property,the leasehald and the fee title shall not merge unless L.ender agrees
<br /> c� ,p:''�:.;.= ; to the merger in writing.
<br /> yy,;,;,:;,'s' ,,;. ;; .• 7. Protection of I.ender•s Rights in the Property. If Borrower fails to pedorm thc covenants and agreements
<br /> � -� •n• cuntained in this Security Instrument, or there is A legal proceeding thut may significnntly uffect Lender's rights in the
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<br /> - :�,•,_,�..,.�. - Property(such as a proceeding in bankruptcy,probate,far condemnation or forfeiture or to enforce luws or regulations),then
<br /> .� .. Lender may do nnd pay for whAtever is necessary to protect the value of the Property und Lender's rightc in the Propeny.
<br /> `� �.' Lender's actions may include paying any sums secured by n lien which huti priority over this Security lnstrument,appearing
<br /> ',� ��'"�''" • - in court,paying rcationable attorneys'fees and entering an the Property to mnke repairs.Although Lender may take action
<br /> under thi�parugruph 7,I.ender does not huve to do so.
<br /> _ ".'`�•'�"• ` Any amount..disbursed by Lender under this pnrngruph 7 shull becomc additional debt of Borrower secured by this
<br /> �?�-��������"� Securiry Imtrument. Unless Bonower und Lender ugrce to other tem�s of puymcnt,these amounts shatl bear interest from the
<br /> �' ,w...w.,.• .
<br /> datc of di�bursement ut the Note rute and shall be puyable,with interest,upon notice from i.ender to Borrawer reyuesting
<br /> r+ ,+''�'`:�°''�,• payment.
<br /> '"°'`` �> •` g, MortgAge Insurance. If Lender mquired mortgage insurnnce as u condition of making the loan gerured by this
<br /> �"`""'' Sccurity Imtrument, Borrowcr shall pay thc premiums reyuired to maintain the mortgnge insurance in effect. If, for any
<br /> � `'�•�-� ''� rea,on, the mortgage insurnnce caverage requimd by Lender lapses or ceases to be in effect, Borrower shall pay the
<br /> ', premiums reyuired to obtain coverAge substantially eyuivalent to the mongage insurunce previously in effect, at u cost
<br /> ' :;,: xuhstantially eyuivalent ta the cost to Barrower of the mortgage insurunce previously in effect,from an ultemate mortgage
<br /> inrurcr upprovcd by Lrndcr. lf tiubstantiaUy cyuivalcnt mortgagc in.urancc coveragc is not uvailablc,Borcower shnli pay to
<br /> , Lrnder c•rch month:►sum equal to one-twelfth of thr ycarly mortgage insurrncc premium bcing paid by Borrower when the
<br /> insurunce coveragr lap,cd o�ceased to he in effect. Lender will accept,use and retain thexe payments as u tosz reserve in lieu
<br />-�:.. .• ;,.','"`'� of mortg�gc imurancr. Los.r•rescrvc paymcnh may no long�r bc requircd,at thr optian of Lcndcr, if mongagc insurance
<br /> . . covcrugc(in the amoum and for the period that Lender rcyuiresl provided by an insurcr upproved by Lender again becomes
<br /> ':� • uvuil:►hlc:►nd i�obtained.Bormwcr shaU pay the premiums nyuired to muintain mortgagc imur:mce in effcct,or to provick a __.
<br /> �� luxs rrKrve,until the reyuircment for mortFage insurunce end. in •rrcordancr with any written ugreement between Borrower
<br /> ti,,:;�..T`'� •rnd Lcndcr or upplicablc law. r
<br /> -�'•,,,� , 9. Impttitlun. Lender or its ugcnt may make rcasunable rntries upon und in�pectiom of the Property. Lender shull E
<br /> ., �- *„�.:., Yivc Hormwcr notirr at the time of or priar to an inspectinn�pecifying rc,isonuble rau,r for the inspection. _
<br /> --�° �; . 10. Condemtuttion. The pnxeeds of any award or claim for damages,direct or consequential,in connection with uny �:
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