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k � <br /> _1�_._.: ,,��! '93-�.oqsa7 <br /> perbds dW Lender rMquira. The inwr�nce carrkr povidin�the insur�nae�h�ll be cha�en by Bcxrower wbjoct ta i.endotti <br /> _ �ppovd which�iull noi be unrasanably withheld, If Borrnwer W!s to enilnt�in cover�ae de�cribed abovo.L�ender may,x <br /> _� + L.�adery apion,abuiin covera`e iu qutci:t l.cr�der'k rl�ttts Irt ttx !:s arcaxlanr.t wfth�terk 7_ <br /> A11 inwr�nce pdicles�r+d renewalti�II bo��ble to L�ind�II include��t�ndanl mart�+�e rl�u�e. Lender <br /> �h�ll lu�ve the ri�ht W hoW tiw:pullcies wxi nnow�lc. If l.ender rcquircc.Aorcower rhall prrxnptly�ivc to Lender dl reeefpu <br /> ' �f p�id prcmiumr�nd renewal notices. In the evc�t of loss,Bacmwer shall�ive promp nwice to the inwrw�ce cartier and <br /> i.a�der. Lender may make prc�of of loc�if rat m�dC prom{x1Y bY Barower. <br /> Unkxx Lender wnd Borrower otfierwise a�rae in wri�in�,insurance prc�coeds ah�ll 6e applied to testoratlon or rep�ir of <br /> ' —' the Pnope�ty datnr�od, if the restoration w rcp�lr ia rcrxeomic�tly tuwible w�d Lenzierk cccurlty is nW icssettcd. !f thc <br /> restontion or rep�ir is rwt ecanomically feasibk ar Leixierk*ocurtty would bc lessened. tho insurance procead�aiu�1� be <br /> applia!to the Fuma soeured t�y this Secarity Inatrument, whether or nat then due,with iu►y excexs paid ta Bomower. It <br /> gorrawer ab�ncbns the E'ro�eRy. ur does not answer within 30 days a notice from Lender thot thc insurance carrier�t�x <br /> oifercd to settle a claim,then Lender may collect the intiurance prnceeds. Lender may u.Q.e the procoeds to c+epair or restore <br /> the Praperty or to pay su�os securcd by thi»Security Instnunent.whether or nw thcn due. Tho a0-d+�y period wlll be�in when <br /> the notice Ir given. <br /> Unless Lendcr and Eiorrawer otherwise agrce in writing, uny application of procads to priix:ipul yhall noi extend or <br /> pc�stpone the due date of the monthly puymenta rcfemed to in pur�graphs 1 i►nd 2 or change the amount of the payments. If <br /> under paragrapb 2l tt�c E'roperty is acquired by Lendcr,BarrawerS right to tu►y fisurance policies and procecda tesulcing <br /> from drmage to thc Pr�operty prior to the acquisition shall pucs to l.ender to[hc extent of the�ums sccurcd by thia Sacurity <br /> Insuument immediately priar to thc ucquisitian. <br /> 6, Occup�ne� Preservation. Maintensnce s�ad Protection of the Property; Borrower'� I.oan Applkation; <br /> Le�ehoWs. iiarrawer shull occupy.establish.and use the Propeny ns BorroW+er's principal residence wfthin sixty days afkr <br /> the executic�n of thIs Security in�trument and shal!continue to accupy ths PropeRy as Bomawer�principal nsidetua for sit <br /> least one year ufter the date of occupancy, unless L.ender otherwise agrees in writing, which consent shall not be <br /> - unrcasonably withheld,or unless extenuating circumstances exist which are beyoad Borrower�canuol. Borrower shall na <br /> � de�troy,damage or impair the Property,allow the Property to deteriorate,or commit waste on thc Property. Borrowcr shall <br />-�� be in default if any forfeiture action or proceeding.whether civil or criminal, is begun that in Lender's good faith judgment <br /> r• could msult!n forfeiture of the Property or otherwise materially impuir the Iten crented by this Security Insqvment or <br /> Lender�security interest. Bortower nwy curP such a default and reinstate,uti provided in paragraph 18,by causing the action <br />' or procecding ta be dismissed wtth a n�ling thut,in Lender�good fuith determination,prccludes forfeiture of thc Borrower�s <br /> intercst in the Propeny or other materinl impoimient of the lien cceated by this Security Instrument or Lender's securiry <br />- interest. Borrower sh:�ll ulso bc in default if Borrowcr. during thc loan appticution process, guve mnteriully false or <br /> = inuccurate information or statements to Lender(or fuiled to provide Lender with any materfal informution)in connectian with <br />:=E: thc loun evidenced by the Note, inrluding, but not limited to,representutions conceming Borrower's accupancy of the <br /> Property us A principal residence. If thi�Security Instrument is on a Iea+ehuld,Borrower shall camply with ull the provisions <br /> = UC�ItC ICtl.1C. It Sor�ower acquirs fcc titic io ihe Properiy,the leu�ehald und the fee title sh}i!I not merge unlecc Lender agrees ___ <br /> to the merger in writing. <br /> ,, ,,f„�,� , � 7. P�otection of Lender's Righ�s in the Property. If Bormwer failx to perfurm the covenants and ugreements <br /> "�� .��• contuined in this Security in.r•uument, or there is a legul pro�:eedin�t thut may signifirantly uffect Lender's rights in the <br /> , ,�.,� ' ',' '��..�': :� property(such as a pruceeding in bnnkruptcy,pr��butc,for condcmni�tiai or forfeitum or to enfarce laws or regulations),then <br /> �S�� ;�'.;'. . <br /> �4ti�j.�.;5,._,,:••:.•. - Lender m•ry do and pay for whutever is nece�sury to protect thc vulue of th�Property and Lenderti rightti in the Propeny. <br /> :, ,�,.;�1._}�.�;::•: Lendcrti uc[ions muy include paying smy sum�secumd by a licn which hus priority ovcr this Security Instrument,rppearing <br /> ' �"''" ''" � "' in court,paying rruwuaLic auo���ey�'fe��and entcrin�un thc Property to muke repairs.Although Lender muy tuke uction <br /> ��;!':��}�. ' ... � undcr this paragruph 7.Lcndcr d�x,not huvc to do xo. _ <br /> �A'� �� `•''��,� Any amounts disbuned by Lendrr undcr thi�pur•r�r:�ph 7 tihall h�:romc additiunul debt of Bormwer +ecured hy thiti = <br /> ,. �v.ir�•� .. ... <br /> Nr,�n,. ::�.,.,.- ' Security Instniment. Unle�s Burrowcr und Lrnder a�!ree to other tcnm of'payment,thc�c:�mounts shull lxur intercst from the <br /> ".,'�' �Y•„• . - 'l datc of distwnement•rt thc Ncxe rutc unJ�hull tk puyahlc,with intercst,upon noticc from Lender tn Borcower reyuesling <br /> �..�•. ,:�,;,...,_ � .r — <br /> payment. <br /> " ��''�"y"' � 8. Mort a c Insurunce. If LcnJrr rr uind mort�n�� in.uranrr a. u conditiun ot'making the loun �ccured by lhi� <br /> .:-,,,.r�:�: ib 1[ 4 L !;' _ <br /> , Sccurity In�trunicnt. Borraw�r.haU pay thc prcmium,rryu�rrJ to mainr.iin thr moiYga�r in.urancc in et'tcct. It'.fi�r any _ <br /> �N_.�. rtawn. thc mortguge intiurancr covcrare rryuired by l.rndrr lap,e. ur rca,c. t�, he in etl'ect. Burrc���•rr ,hall puy thr - <br /> ' prcmium� nyuired to obtuin �ovrr:►ge ,uh,tantialh• �quiv:drnt tu the mortgagr in,urancr prrviuu+�y in cffect. ut c� cutit <br /> •�:::��:�..Y•• �ub.tuntiully cquivulcnt tii the ru,t to Burru��•er ut'thr mortga��in.uranre previ��usly in rltrrt. 1'rom:►n:dtrrnutr mnrtga�ge _ <br /> � in+urrr appmvrd hy l.rnder. I(.uh.tuntiu�ly ryuivalrnc mung:t��in,urance cueeragr i�nat avuiluhle.Borrc�wer.hall pay to <br /> ;,�••, Lendrr each munth:�,utn cyual tu one-twclfth ot'thr yearly mungage in,uranr�premium ixin� paid by Borruwer when the _ <br /> insurancc covcrugr lap,rd or rca.rd tu ix in c(Icct. Lrndrr��ill arrrpt.u,r:u�d rrt:iin thc+r pa�m�nt.a.a luti.rrtirr�r in licu <br /> . � of mnngage in�ur:mcc. Lotiti rc.rn•r puymrnt.muy nu lungcr tx� rryuircd. .�t thr uptii,n ut Lrndrr.if mortgugc intiurancc ° <br /> :.n,� ..'. t , covcrage(in thr umuunt anJ tiir Qic Exri�xl that Lrndrr m��uirc,l pru�idrd hy au in.urrr;�r���,.«i n�-�.����i«s��u����x«,�„�. - <br /> avuilablc und i.ohtained.Borruw•rr,hall p:n•�hc pr�mium,r�yuiird t��nr,�int:�in�nurtgugc in,uranrr in eFFect.ur tu pravide u <br /> - - `�- los.rexrve.until thr reyuircment ti�r m��rtg:►gr insuranrr rnd. in ucrurd;mrr���ith any ��riurn a��tirmrnt hetarrn Rurro�vcr - <br /> . '�+w• und Lendrr nr upplirublc la�r " <br /> � 9. Impection. Lrndrr or it�agent ma►•ma{,r rra•�,nahlr rntri�,u�x�n:m�i in,�xrti��n•ot'thr!'r���krt��. Lcndrr,hall ; <br /> givc Borrawrr n��tirr at th�timr ut'ur pri��r tu:m in,Exrtion ti{xcdl ing r�a,unahk r;�u.c fur thc in.�xrtiun. <br /> 10. C'ondemnutiun. Thc pr�xrcdti�,1'an}•a��•anl ur rl:iim li�r�I:imagr,.�lirrrt ur cnn,ei�urntial.in cannrrtiun��ith:�m _ <br /> � . 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