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<br /> - - �r4e�l•th�t!_n�±�r r��ir.•. 'i1�e inwranoo carrier ptqvidin��11A inwrance ih�lt be clw.en 6y Bor'wer su Lender�
<br /> �pproval whkh�h�ll not be unt+aasanal�ly whhhold. Ii'Bcmox�r faflf ta m�intain cover�e describaf above.l.etKler may,u
<br /> I.enderh option,obtpin covom�e ta protwet Lencbrk�iphir in tho Pra}�crty iit�ccad�nce wtth p�ragraph 7.
<br /> All inau�nce policios�nd renawalc sh�fl 6e aceopt�t�fa ta Lendn��nd sh�il tnclude a atandard matgago clawe. Lender
<br /> sh�ll have the right ta hald the+poliaies and t�cnewal�. 7f Lende+r roquiros,amm�wer shall promptly glvc to l.ender dl rocCipts
<br /> af paid prcmiums And r�nawal notices. In tha ovent of lots,sc►tmwcr shNl��ive prompt notica to the inturanco c�rrkr�nd
<br /> ____ Lender. Lendcr m�y m�ke proaf of lnu�if not mAda pmmptly by 8arrowcr.
<br /> __ —__ - Unlcss Lend�r:+nci Bortnwer otherwiss agn:c in writing,insurnnoe procealti Rhall he a�lied to restontion ar rcpnir of
<br /> - thePro�c cty demwgcd,if the rcstaration or rcppir I9 eoonamicilly feuible And Lender's security is not lessened. If thd
<br /> rcsrorAtion or npair is not ecanamicaqy foRSihla or Lendorl� socudty would be IeFUned,the insurancc proceeds shaU be
<br /> applied to the sums securad by thip Socurity lnuiumont. whethor or not then duo, with wty exceFS puid to Borrower. If
<br /> - 8onower abandons tho Property,or daec nat ancwcr within :�0 day�a natice from Lender thut tha insurance curicr has
<br /> __ -- - offercd to settle a claim,then Lender ms►y coll�ct the�inu►mnce ptnceeds. Lender may use tlx:proceeds to repa�r or resta+e
<br /> the Property or to pay sums cocuted by this Seeudry Inchumant,whpther or not then due. The 30-day period wlll be�in when
<br /> —-- --� _---_- -=�_- thc nottcc is given.
<br /> Unless Lender :ind Bo�rower otherwlse agrce in writing,any applicAtion of praceeds to pdncipal shall not extend or
<br />� pos�ponc the due date of tbe manthly paymonta rcfomcd to in ps�rngraphs 1 and 2 or change the amount of the puymenta. If
<br /> - under parngraph 21 the Property is acquited by Lendor, Bomowerl d�ht to any insurance policies and proceeds resuldng
<br /> � from damage to the Property prior to the acquicitian �h�U�prsa to Lender ta the oxteot of the cums seeurcd by this Security
<br /> Inct�ument immediately prior to tha acquisttian.
<br /> 6. Occupaacy� PreservAtian, Mnintenance and Pruti.�ctbn of the Yroperty: Borrnwer'� Lopa Applicatbn;
<br /> � I.easehnlda Borrower shall occupy,estnblich, and use tha Aropercy as Borrower�s princlpal residence within sixty dayc after
<br /> � the execution of this Sauriry Insnument and sh�ll continua to a�ccupy the Propeny ati Borrowers principul residen�x for ut
<br /> ' �t Ieast one year after the dAte of acupanoy. unloss Lender othenviise agcees in writing, wl�ich conr,ent shall nat be
<br /> �'�` � unreasonably withheld,or unless extenuating circumstnnces ex�:a which are beyond Bort+owcrk control. Borrower shull not
<br /> -�"�'-��' destroy,damage ar impair the Property,ullow thc Property to deteriorate,or commit waste on tho Property. Borrower shall -
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<br /> be in defauit if any farteiture actian ar proceeding,whether civil or cdminal,is begun that iu Lendor's good faith judgment
<br /> {,;- ' � could result in forfeiture of the Property o�atherwise mnteri�lly impair the lien crcated by this Security Instmment or
<br /> Lender's security interest. Botrower mAy curo such a dafuult and rcinstnte,as provided in paragraph 18,by causing the action
<br /> �.,. � . or procceding to bc dismissed with n ruling that,in I..endar's gQOd faith determination.precludes forfeiture of the Bomowcr's
<br /> '�fi : . ;"�� intcrest in the Property or other matcrial impairtnent of the lien creAted by this Securtty Instrument or L.ender5�security
<br /> �l� k r,, intemst. Borrawer shall also be in default if Horrower, during the loan application pracess, gave mnt6rially false ar
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<br /> =�T��^•,�� inaccurute informution or statements to Lendar(ur f:iilad to provide Lender with any material infortnation)in connection with
<br /> ��'�[�'���"'°"`�`'� the losn evidenced b tbe Nate, includin but noc limited to, re resentations concemin Borrowerk occu unc of the
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<br /> _ .�'e� � '' Property as a principal residence. If this Securiry Instrument is on a leasehold,Borrower shall comply wlth all the provisions
<br /> 7h'•';'�`.���°�',�t�=;•:,-` of the leasc. If Borrower acquires fce titla to ihe Aroperty.the leasehold and the fee title shall not mB�go unlass Lender asmes
<br /> ,.j-.i:�:�. ., : .�:;;;,� tothemergerinwriting,
<br /> :: .�i ,•;; �� 7. Protection ot I.ender•s Rigl�te 1n the Property. If Borrower fails ta perforrn thc covenants and agrcements
<br /> contained in this Security Instrument, or thare ic a legal praceeding that may significantly nffect Lendert rights in the
<br /> ;�„���. ' .��� Property(such us a proceeding in bankruptcy,probate,for condemnation or forfeiture or to enfo�e Inws or regulntions),thc.n �
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<br /> ,}��.�'�._:• . _ Lrnder ma do and a for whatc�vcr i�nectss tu rotect the value of the Pro and Lender's ri hts in thc Pro _
<br /> • � Lender�uctionc may include pnying nny sums secured by a lien which hac priority over this Sccurity Instrument,appearing -
<br /> •��b-���� �� �',� ~ in court,paying reasonablo nttameys'f�rs and cntering on the Praperty to make repairs. Although Lender mey take nction
<br /> ` �s•Y ' under this paragraph 7,Lender does nat have to do so. -:
<br /> ?;�o��....�,,,.,.,w.•:. Any amounts disbursed by Lender under this pazagraph 7�hall become additional debt of Borrower xecuned by this f0_
<br /> • � • . Securiry(nstrument. Unlcss Borroa•er and Lender agree to other temis of payment,these amounts shull bear interest from the
<br /> -- date of dishursement at the Nnte ratc�xnd shall be payable,with interest,upon notice from 1..�:ndcr to Bornower requesting �
<br /> .. . paymrnt. _
<br /> • ' S. Mortgage lnsttr�nce. If Lcnder reyuimd mortgagc in�urance as a condition of muking the to;m secured by this
<br />, � ' ' Security Instrument. BorcoH•er ,hall pay the premiums required to maintain the mortgage insuruncc in effect. lf, for any
<br /> ''':� ' ' n;a,on, the mortFa�e in�urunce covernge rcquired by Lender lapses or ceast� to be in effect. Horrawer shalt puy the
<br /> '��'' remiums n: uired tn oMain co��aru e substantiall e uivatent to the mon u e insumnce reviousl m effect, at a cost
<br /> , °.�, :`'�•.`: . ' • P 4 S Y Q R F P Y �
<br /> q;`,1,t� • xub�tAntiully equivalent to ttx cotit to Borrowcr of the mortgage imurance ptevinusly in effect,from an uitemate mortgaRe
<br /> • • I insurer appraved by Lendcr. If�:ubstantially equivalent mortgage insurance coveragr is not available.Borrower shafl puy to -
<br /> Lendrr carh month a sum cyual to anc-twclflh of the ycarly mortgagc insurancc prernium being paid by Borrower when the
<br /> � �!�' insurunce coveruge lap�ed or ceau�d to lx in effect. Lender will accept,use und retain these payment�us a loss reserve in lieu
<br /> • •••�.�.:�° .A of mongage insuruncti. Loss rcscrvc payments mny no longer bc requimd,at the option of Lender,if mortgage insur,uice
<br /> f� ' covcrag�(in th��amount nnd for the period that Lendcr requires)provided by an in�urer approved by Lender again becomes
<br /> ,� •., availxble and is oMained. Borrowcr shall pay thc premiums mquircd to maintuin moRguge msurunce m effcct,or to provide a -
<br /> '������* � loxx regerve,until tt►�m uircment for mon u e insun+nce ends in uccordunce with un written u reement between Bornower
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<br />•n: �s� , iMfl; ' �rxl Lender ar npplkablc law. +P"
<br /> r�'' • -��•` ' 9. [nspection. Lcnder or its agent m•ry mnke re•rsonable cntries��p�m und impection.of the Property. Lender shall -'
<br /> �"""�"''''"""• give Borrow�r notic�at the time of or prior to an inspection specifying muxonable cau.c for the inspection.
<br /> � '� ' l0. Condeaws�tion. The proceedx of uny awarJ or claim for damuges,direct or conseyuentiul,in connection with any -
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