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<br /> - period�tlw Lender roquir�n. The inwrarwe c�rrior provWin�the imurance�11 be cho�ari by Borrower wbject to Lenderti
<br /> _ _ ,�r.,�,mv,�l wbich shall not be un�acanaWy wUi�eld. U Ba�rOwer fdl�to�covon�t dacribed above.l.at�lec aWy��t
<br /> Lendcr7s option,c>buin caven�e to protxt l.ender�s ri�ha in the Property in acco�d�nce with p�a�raph 7.
<br /> - Ail insuruice palkie�uid renew�IR�il be acoeptabb to Len�er ru�d shdl include�uu�d��d matpae clause. L.ander
<br /> Rhall havo the right to hold the policies u�d renewal�. (f l..enckr roquit�cs.Bortower�hall promplY�ive to Lender dl roceipta
<br /> of paid pccmiums and renew�l notice;. in the event of lasa.Bomower sh�ll�ive prompt notke w the inrunuice c�rrkr�nd
<br /> . Le�ier. I.endcr may m�ke proof of lou if not m�da promplly by Bomnwer. '
<br /> Unless L.ender and Bwrower dherwise agroe in wrid�g,incurnnoe procads sh�ll be�pplied lo rcstorntion or nep�i�of
<br /> � the Pir�eey dunaged,if the reatoratlon or repAir is econamically fessible and Lendork�ecurity is ncx leisened. If the
<br /> �•T r+esta�ation or rcpi►ir is not xonamie.�lly fewsible or Lenderi security would be leuened,tho incurance prooeed�sh�ll be
<br /> °"-'��-'° applied to thc sums sxured by this Security Insuument,whethrr or not thui due, wlth my excess prid to Barower. If
<br /> Bomawer abancbns tha F'rnperty,or does not nnswer within 30 dayi a natice from L.ender thu the inwnu�ce curier h�c
<br /> -- offered to settla a claim,then I.ender mAy collect thc insurance proceods. i.¢nder may use tha p[ocetds to t�epair or re�toe�c
<br /> �-�_� the Property or to pay sums secured by this Security Insuume�u.whethe�a rat thu►duo. Tfie 30�day period will begin whGt
<br /> ---- -----_- — the notice is givert.
<br /> — Un(ess Lendcr�nd Borrower othcrwlse agnx in writing,any applic;atlon of procoods to principal sfwll not extend or
<br /> pastpa�e the due date of the monthly paymenu refecred to In paragnphs 1 and 2 a chango tha unount of the payments. If
<br /> under paragmph 21 the Property is acquired by Lender. Borrower�s rlghc to any insurance policies and proceeds resulting
<br />--d.. from damage to the E'topeny prior to the scquisitiori sJwll pass to Lender to the exunt of the sums securcd by this Security
<br /> _ __ __�._„�� InStrument immediately prior to the acquisition.
<br />— — _— 6. Occupa�cy, Preservallon, MAinteaance �nd Protectton oi the Property; Borrower's [.oAa Applicadoa;
<br /> � � v� I.easeholds. Bocrower shall occupy,establish,w�d use the Property as Bomower�principal re�idence within sixty days after
<br />, : „� ^r the execution of this Security lnstrument and ahaq continue to occupy the Property a.c 8oerower�s princlpal rcsidence for at
<br /> . � y �• � • least one year a fter t he date o f accupancy. un lass i.en der o t herwise agrees in wri ting. which consent shall not be
<br /> "• w�� = unrea.sonably withheld,or unless extenuaring circumstances exist which are beyond Homnwerk control. Horrower shall not
<br /> ` '``'' � � � � destroy,damuge or impair the Property,aUow the Property to deteriorate,or commit waste on the Property. Borrower shtdl
<br />:'�.;. .� . .
<br />• „ • ��'�'�" °� ''� be in default if any forfeiture action or procceding, whether civil oc criminal,is begun that in Lender's good faith judgmont
<br /> �rs� � r.�•.. � could result in forFeiture of the Property or otherwlse materially impair the lien created by this Secucity Inawment or
<br /> '�� ;�'�`%'Y, •"''�"� Lender's security interest. Borrower may cure such a default and minstate,as provided in paragraph l8,by cuusins the action
<br /> - ..•::r:��•., •;���� or proceeding to be dismissed with a ntling that,in Letxlers good faith determination,precludes forteiture of thc Borrower'.s
<br />. •,7�?;"�`„';,�i�+�, � lnterest in the Property or other material impalrment of the lien crcated by this Security Instrument or Lender�s secur�ty
<br /> interest. Borrower shall also be in dofault if Barrower, during the loan application process, gave materially false or
<br /> '� •`'•' '==d��•�'_�`� inaccurate information or statements ta Lender(or failed to provide Lender wlth any material infarmation)in connection with
<br /> '�;,�„y •.,..;�;;-�..
<br />:K-� �,,;. ,,.���•.;a, the laan evidenced by the Note, including, but not limited to, repnesentutions concerning Borrower's occupancy of du
<br /> �� � 'a�'-`�•• ..; Pro rt as u nci al residencc. If this Securl insttument is on a leusehold,Borrower shall com I wlth all the rovisions
<br /> a�.a.xa�.s•,y��',�' F� Y Pn P �Y P Y P
<br /> - . , of the iease. If Borrower acquires fee titie to the Aroperty,che iea�esnoid anci the fee iitie shxii not rr�crge unic�f.c�icScr agree� °
<br /> _ � ro the merger in writins.
<br /> � 7. Protection of Lender's Rights in the Property. If Botrower fuils ta perform the covenants and agrcemonts
<br /> contained in this Security Instrument, or them is a legal praceeding thot may significantly affect Lender�s rights in the
<br /> , • ' Prope►ty(such us a proceeding in bankntptcy,probate,for condemnation or fortelture or to enforce laws or c+egulations).then
<br /> ,, � ` ' Lendcr mtty do and pay for whatever is necessnry to protect the value of the Property and Lender?s rights in the Property.
<br /> •, I.ender's uctions may Include paying uny sums secured by a lien which has priority over this Securiry Instrument.appearing
<br /> , ,' in court,paying rcasonable attomeys'fces and entering on the Property to make cepairs. Although L.ender may talce xtion
<br /> � under thi�paragraph 7,Lendcr docs not have to do so.
<br /> - Any umounts disburscd by Lender under this parngraph 7 shull become additionnl dabt of Borrower secured by this
<br /> �,:_ • - Security Instrument. Unlexs Borrower und Lender ugrec to other terms of payment,these amounts shall bear interest from the
<br />- � date of disbursement ut the Notc rate and shall be payuble, with interest,upun notice from Lender to Borrower requesting
<br /> t payment.
<br /> $. Morfgt��e Insurance. If Lendcr rcquin:d mortgugc insurunce rx •r condition of making the lonn c;ccured by this
<br /> � • Security In�trument. Borrower �hull pay the premium. reyuircd to maintain the mortguge insurunce in effect. If,for any
<br /> • • rca�on, the mortgage insurance coveragr required by Lender lap.u:s or ceases to be in effect, Borrowe[ shall pay the
<br /> � , : . premiums teyuired to obtain coverage substuntiully equivalent ta the mortgage inwrance previously in effect, at a cost
<br /> , substantiully cyuivalent to the cost to Borrower of the mortgage inzur;u�ce previously in effect,from an altemate mortgage
<br /> insurer approved hy Lender. If substantiully eyuivalcnt mortgage imurance cuveruge is nat available,Borrower shall pay to
<br /> Lender cach month a sum eyuul to one-twclRh of the ycarly mortguge insurance premium being paid by Bonower when the
<br /> insurance cover•rge lapsed or crasrd to he in effect. Lender w•ill accept,u,e and retain these peryments a.�a loss rcserve in tieu
<br /> ° . of mortguge insur:�nce. Lo�x �eserve paymentx may no ionger be requircd,at the option of Lender, if mortgage insurance -
<br /> ! rover.�gc(in thc amount and for the period that Lendcr reyuirc�)provided by an insurcr approvcd by Lender•rgain becomes
<br /> .. ,,�; � available and iti obtained. Borrowcr tih•rll pay the premiumx reyuired to maintain mortgage insurunce in effect,or to providc a
<br /> r ;�:,� loss reserve.until the requircment for mortFage insurance ends in ucrord:mce with any written agrcement between Borrower
<br /> und Lender or applicable law. -
<br /> � ' 9, inspection. Lender or its agent may makr rcationablc entrie� upon•rnd insprctions af thc 1'roperty. Lender shall -
<br />„�_. givc Borrowcr noticc at thc timc of or prior to an imFxrtion sperifying n awnahtr cauxc ti�r thc inxExction.
<br /> i' 10. Condemnatton. The prcxecd�of any iiw•ard or rlaim tirr dumage.,direct or con+eyuential,in rnnnection wiih any
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