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<br /> pe�iodc that Lender roquira. The iawnn�x curier pavidl�the in�ur�nee d�il be charen�Bormwu t a La�derti
<br /> — ap{xoval which sAatl not be unroa�a�btY withheW. If�atn�wer t�lir to m�i�a�n crne�a�e descnvwi aix,vr,i.a�kr��w�y.:t
<br /> l.a�der�optian.abtain covera�e to protxt Lenderti ri�hts in the�4�openy in�ccordance with psr��mph 7.
<br /> All in+�urance policies�nd rcnewals�hall be�ep�ble to Lendcr�nd shatl include��wulud nwtt�a�e cl�ure. l.endec
<br /> shall have the right to hold the policks uwi rcnew�is. �f Lender�yuircs,Horn�wer�all promply�ive ro L.ender all raeipt�
<br /> of p�W p�+emiuma and nenewAl notices. In the evrnt of loxr.8ortower�hall�ive pca�notke w the inw+ana rarrimr+wd
<br /> l.eoder. l.enckr may matce proof of locs if r�at made promply by Baroawer.
<br /> � --- _ _ � Unlc�L.cnd..r�nd Borcowcr ahcnvtse agm in writint.insuru�ce pnKYedq shdl�e+��►Ned�o rc��xadcM�cx reprir nf
<br /> - the P�o{xny d�ma�ed. if thc rtsto�tion or ttpiir is aonomically Craribic,uxl L.uxkrk�uriry i�nut les+xncd. tf titz
<br /> _ rcstontia►ar rcpair is na crawmically fea�ibk ar l.enderx sacur�ry would be lc�ccaed.�hc inwrance proa�is shall bc
<br /> appli4d to thc sums socured by thic Security Instrumer�t.whetixr or not then due.with any cxce:�s p�td tu &xrower. If
<br /> Bamwcr ab+u�dons the Hroperty. or does not ancwer withln 30 days a naia fcom Lender thu tfrc lnsunnoe curier has
<br /> offered to s�ttk a claim.then Lender r►uy rnlkct the insunnce proceeds. Lender may use the pcoceeds w rcp�ir or rcsta�c
<br /> thc Ptoperty or a pay sutns secut�ed by this Security Gwtument�whether or tat iha�due. 71te 30�day pcdod will be�in when
<br /> _ the noti��e;s given. -
<br /> Unkss l.ender and Bonower othenvise agree in writing,wty r{�plication ot procceds to principsl sh�ll ncx eatrnd ar
<br /> postpotx the due dute of the monthlY ptYments�eferrcd to in pua8raphs 1 end 2 ar change the amount af the pYymcnts. If
<br /> under paragraph 21 tlx Hqxrty is acquired by I.onder, Bomower�right to any insursncc policica�nd proceeds nyulting
<br /> fran damage to thc Propccty prior to the acquisitan shall pa►c to L.eodcr w the extent of the Rums cecu�rd by this Security
<br /> ____�. __ �_ — 1ns[rument immediately prior to the�cquisition.
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<br /> �:- 6. OccupancX Preserv�tioa, M�tatena�ce �nd Protectba a� !be Propertyt Borrowe�`r La�a Applicativa;
<br /> '.��� l,easehold�. Bomower slull aocupy,establish,and usc the Propecty as Bomowat pnnciQ�l resldence withen sixty days afar
<br /> the exocution of this Securiry Insuument and siwll contioue to occupy the Property as Bocrower's principrl reaiJt�xe fix rt
<br />= least one year after the date of occupae�cy, unless Lender o�t�ervvise agroes in writing. which canxnt shall not be
<br /> - unreasonably withheW.or unless ezte�uating ciccumstanca exist which�+e beycmd�ornower�s control. Bamower shall not
<br /> destroy.dam�ge or impair the Proputy.allow the Pr+operry to deteriorate.or commit wastc on the Propeny. Borrower shall
<br /> be in defi�ult if any forfeiture xtion or procoeding.whether civil or criminal,is begun that in Lenderk good faith judgment
<br /> could r�esult in forfeituoe af the Property or othervvise materially impair tMe lien creatod by this Securiry insuument or
<br /> - Lender's security inares� Bomower may cure snch a default and minsuue.as pmvided in paragr�ph 18,by causing thc xtion
<br />�; y or proceedi�g to be dismiased with a ruling that.in Lender�s good faith detem�ination.precludes forfeiture of the Bornower�
<br /> • �,��' interest in the Propetty or other muterial impairment of the lien crc�ted by this Securiry Insuument or Lender's sa�uriry
<br />":;,� " interast. Bormwer shall also be in default if Bocrower, during the lo�n application process, gave materially false a
<br /> :"� inaccuratr,infom►�tia�or statements to Lender(or failed ta provide Lender with any material infocmation)in camectim w�ith
<br /> ,r����� � the loan evidenced by the Note. including.but na limited to. reprcsenistions conceming Borrower's occupancy of the
<br /> -- - �rrty xc n Sxinci;wl residence. If this Security Instrummt is on a leasehoid.Botrower shall comply with all tht p'o�•isians
<br /> .� ,�,; �f thc lease. If Borrower acquircs fee title to il►e Property.the leasehold and the fa title sl�all not merge unless Lender agrees
<br /> �1';;�, to the rnerger in writing.
<br /> 't'"� 7. Protection of I.ender's Rig�ts In the Property. If Barrower fails to pe�form tix covenants and agreemena
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<br /> contained in this Security Insteument,or therc is a Iegal proceeding that may significantly affect I.endert rights in the
<br /> Piropeny Isuch as a proceeding in bankruptcy,pmbue,for condemnation or forfeiture or to enforce laws or rcgulaaons).then
<br /> �' ' � l.ender may do and pay for whntever is necess;►ry to pratect the value of the Property and Lende�'s righ�s in the Property.
<br /> ;,°",. Y PaY� B Y� Y P� �Y Y PP�u► 8
<br /> s ��^��' Lender's actions ma include m an sums secured b a lien which ha.s on over this Securit (ns�rumen[,a n
<br /> in couR,paying reasonable attomey�'fees and entering on the Property to make rcpairs.Although Lender may talce actioo
<br /> ` `�''�'��•�•�T�•' under this paragraph 7,Lender dces not have to do so.
<br /> Any amounts diQbuned by Lender under this paragraph 7 shall become additicmal debt of Borrower secured b�•this
<br /> ,.,��, - Security Instniment. Unless Boirowcr and Lender agree to other terms of paymern,these amounts shall bear intercst from thc
<br /> -�'� datc of disbursement ut the Note rate and shull be payuble.with interest,upon notice from l.ender to Baroa•er nequesting
<br /> . '', w.,.�: Pay�►xnt.
<br /> � �r ,�: S. Mortgage Insurance. lf Lender requircd mortgage insurunce as a cc�ndition of making the loan secured by this
<br /> `' ' ��• `�"•��`� Security Instrument,Borrower shalf pay the premiums requ►red to maintain the mortgage insumnce in effect. If, for any
<br />' ��`�=% , rca.wn, the mortgage insurance coverage required by Lender lapsrs or ceases to be in effect. Bortower shaU pay the
<br /> �'""'' premiums required to obtain coverage substantially equivalent to the mong•rge in.utance previou,l�� in effect, at a cost
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<br /> �,,,, . 4.�: substantially equivalent to the cost to Borrower of the moRgage in,urance prev�ously in effect,from an ultemate mortgage
<br /> • �`'�;+" �� insurer a roved b Lender. If substantiall e uivalent mort a e insurance covera e is not available,Borrower shall to
<br /> �, PP Y Y 9 s s 8 PaY
<br /> . , " Lender each month a�um eyual to oroc-twelfth of the yearly mortgagc insurancc pmmium being paid by Bocrower wF�en xhe
<br /> �" ' • inxutanc�coverage lapsed or ccased to be in effec[. Lender will uccept,use;u�d retain these paymentc as a loss reserve in[ieu
<br />_ - of mart�age insurance. Loss rcserve payments may no longer be requimd,at tFie option of Lender,if mortgage insurance
<br /> � � coverage(in the amount and for the period that Lender reyuims)provided by:�n Insunr approved by l.ender again Ixcanes
<br /> ��;,,,��,�� available and is obtained.Borrower xhall pay the pnemiumc required to maintain mortgagc incurance in effccG or to provide a
<br />_ °�� � lo�s reserve,until the requirement for mortgage insu►ance ends in accordance with any wriqon ugneement betwcen Bart�ower
<br /> ��• u�d Lender ur applicable law.
<br /> =� _ 9. Incpection. Lender or its agent may make re�wnable entries upon:uid inspeccions of the Propeny. Lender shall -
<br /> — --- __ give Bomow•er notice at the time of or prior to an inspection specifying rcawnable r•ruk fur the inspection.
<br /> - - 10. Candemastlon. The proceeds of any award or claim for d�rnages,dircct or comequential,in connection with any
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