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<br /> perlods th�t Lender royuirc�. The in�ur�nce carder providin�the insntu�cc ah�ll be chnren by Barrower RubJect to Lenderk
<br /> -�--- ----- �pprov�i w6ich ahwii nut i�v ur�r-�azo:s�bty uitktselcl. !f 9osro�,es faIl.to t�7aiiiM{�i cuvcrnrn�e descrlbed Above,Lender may.u
<br /> L.ender F aptian,obtain caven�e to protect L.enderb ri�ht�!n the Propeny in accordance wlth p�ragraph 7.
<br /> All insuruice polides�nd cenewxlr aiudl be Accept�ble to Lender and shall it�clude x:tandard mortgAga clauce. Lender
<br /> - �hall havc the right to hold thc policic�and rcncwals. If Lcndcr requirer,Barrower shAll pc�omptly givc t�I..ender All rcccipcs
<br /> ----- of paid prcmiums and rcnewol notices. In the event of loKS,Borrawe�shall�ive prompt�oticc to the in:urance curler and
<br /> I.Cnder. Lender may make proof of loss if iwt made promptly by Boaower.
<br /> , -^- — - Unless Lender and Borrower ctherwise agnx in writing,insurwnce praeeed,;xhutl be applied to restoration or rcpair of _
<br /> �'�� the Property damaged,!f the restaatlon or npair is economirelly fcasible and Lendcr� t�ecudty is not Icssened. If the
<br /> '' _ restaratian or cepair is not econamically feaxible ar Lender�s security would be Iessened. the insura��ce praceeda shall be
<br /> -- ------- nppltcd to the sums secured by this Security lnsuvment, whether or not then due,with uny excess paid to Borrower. If
<br /> _- Barrower sbandons the F'roperty. or daea not answer wlthin 30 days a notice from L.ender that thc Insurance carrier hns
<br /> offered to settle u claim,thcn L,cnder may collect the insurancc proceeda. Lende�may use the proceeds to rcpair or�+estore
<br /> _ _ � the I'ropeny or to pay aums secu[ed by this Secucity Instcument,whether or not then due. The a0�day perlod wIll begtn when
<br /> --- —�___-,,_���s the notice i�given. �-
<br /> - =-- -- — Unless L�nder and Borrower aherwise ugree in wdting,uny applicutton of procads to principal shall not extend ar
<br /> - - '��, ; ��'" postpone the due date of the manthly payments referred ta in pauagtaphs I und 2 or change the rdmount of the puymcnta. If
<br /> under par.�grAph 21 tfie Property is ucquired by l.encier, Barower's right to nny insurAnce policies and proceeds re.gulting
<br /> �� �'y;��.';:;� fram d�ma e ta the rior tn ihe ac uisitian shall y y -
<br /> ,� g Prq►erty p q pass to Lender to the extcnt of the sums secured b this Sccurit
<br /> __ "'—"�����_�•;`�;. 1nAtrument�mmediately prior to che ncquisition. °
<br /> -::::_..:=::�:i;` ;;�.�,,.f.i`��,',(;�i�t'%�r � 6. OC�UpAi1Cy� '
<br /> _„h., i;�,� ���.�, Preservatian, Mainienance and Pratecqon of the Property; Borrower a Loan Application;
<br /> �%��•• � r E-�%'.:^•� :�.: Leaseholds. Bonower shail aceu establish and use the Pro rt u.s Borrowcr!s rinci al residcncc wIthln sixt da s ufter
<br /> a,.. � 71;'�?if� '�:;r,s��,�•;::y. � PY• • Pe Y P P Y Y -
<br /> �:.:.
<br /> ,.;�.��,t ;;;-��;,�.,,; �, ; the execution af thi�Securit} 3nstrument und shall continue ta accupy the Property as$arruwera princlpal resldencz for at
<br /> , ,�:t.:�,,}
<br /> ,.���9j. � �r,,4,.:....� leuse one year after the date of accupancy, unless Lender atherwise ugrees in writing, which consent shall not be -
<br />- !�%;', �,,,.,�: „ unreavonably withheld,or unless extenuating circumstances exist which nre beyond Borcnwer's control. Horrower shall not
<br /> ' >:��� ' � � destro dama e or im air the Pro rt .allow the Pro rt to detcrioratc,or commit wu�,te on thc Pro n Borrower shnll -
<br /> ,. ,� . . . d� Y• S P P� Y Pe Y P� Y• -
<br /> ����, •; : be in defuult if any forfeiture nction or proceed{ng,whether civil or criminal, ia begun thut in Lcnders goad faith judgment
<br /> r?�-•�'�•.•- `"��� � � could result in forfciture of the Propeny or otherw[sc matedally impair the lien created by this SecurIty Instnrment or
<br />- _ �,��:�,��;�j��k,,�r:�::.' Lender's security interest. Borrower may cure such u default and reMstate.aF provided in parag�aph I R,by causing the ection
<br /> ,�r- `,�;_•.,,•Y�,::. or proceeding to be dismiFSed with a ruling that,in Lender's good faith detcrminatian,prccludez forf'eiturc of the Borrow�rk
<br /> -.^� : �„��.� intcrest in thc Property or othcr muteriul impairment of thc lien created by th�s Sccuriry Intitrument or l.ender's security
<br /> � •;;•-y��.�.�r�., +•. • intcrest. Bnrrower shall ulso be in defuult if Borrower, during thc laun upplirution p�occss, guve materiully false ur
<br /> - � d.r�r..'..;" �'
<br /> �_• � R.�,:a, ....,rx• inuccurutc informution or xtatcments ta l.cnder(ar failed ta Ettovidc Lendcr wlth any muteriul infortmuion)in connecticx►with
<br /> ��, •..;•••, , ••; • � the Inun evidenced My the Note, including, Mut not limited to, reprchentation� conceming Boirower� cxcupancy of the -
<br /> _ "�,,.,�,,,�;,"�,": Prnpcny u�u prin�:ipal msidcncc. IC thix Security Instrumcnt is��n a leusehold.Borrawer tihull comply wfth all the pmvlxion�
<br /> �� • • • � oT thc Icux. If Borrowcr uryuirc�fec tiUc to thc Propany,thc Ieu�ehold und the feo title xhall not mergc unles�Lender ogrcew
<br /> • . , -. ' to thc mcrgcr in wrIttng.
<br /> . 7. Prot��ctlon ot I.ender's ItiRhtx in the Property. If Borrower fuils to perform the covenunt�;and agrecments
<br /> `� ,�:"���• conwined in this Sccuriry Inhtrumcnt, or therc is u Iegul proreeding that may signi�runtly affect [.ender� rights in the
<br /> - Property(such us�u praeeding in bankruptcy,probnte,for condemnation or forfeiture or ta enforce laws or regulutions),then
<br /> �;, „. Lcnder muy do und puy for whutever is necessnry to protect the vuluo of thr Prope�ny and Lender's rifihts in thc Property.
<br /> . .�ti �• Leneier's uctionti tuuy include paying:u�y sums secured by a lien which has priority over this Security I�stcument,appearing
<br /> . • • in caurt.puying rcasonable uttomcys'fees and entcring on the Property to makc repairs.Although Lender may take uction
<br />,� � ;;..: .. • , under this paragraph 7,Lendcr doc.r•not huvc to do so. `
<br /> . Any umounts disbursed by Lender under this parugrnph 7 shull become additionul debt of Borrower secured by this
<br /> _ - V� � Security Instrument. Unles�BoROwer and Lender agcce to other tcrms of pnyment,thexe nmounts shull bcar interest from the =_
<br /> �� � ��Y• � �• date of disbunement at the Note rate and xhall be puyuble,with interest, upon notice from Lender to Borrower requesting -'
<br /> ,� ; l,.• .•,.•`,•.,. , payment. _
<br /> r `�.� - • S. Mort�age Insurance. If Lender�e��uired martgagc insurunee us u condition of�naking thc loan secured by this
<br /> :� , � ,�r• • Security Instrumcnt, Borrower shull pny the premiums rcyuired to maintuin the mortgage imurunce in effect. If, for any _
<br /> ?' '� ;;��:��- '''� � reaxon, the mortgage intiurance coverage required hy Lender lupseti or ceuses to be in effect, Borrower shull pay the �
<br /> _ �.•'�. `�_ ' . premiums required to obtuin coverage substantially eyuivalent to the mongage insurunce previoutily in effect, at u cost -
<br /> , substandally cyuivalent to the cost to Borrower of the mortguge imurance pnvioutily in effect, from an altemute mortguge
<br /> 4 j�j�, insurer approved by Lender. If substantially equivalent mortgage in.urance coveruge is not uvuilable,Borrower xhall pay to
<br /> , Lender cach month n sum eyuul to one-twclfth of thc yeurly mongngr insurunce premium being paid by $orcower when the
<br />�� ' insur�nce coverage lapsed or reased to ix in effect. I.ender will accept,use and mtuin these paymrnts uti u loss rcserve in lieu
<br />"�.�: . -.�a�.-:�� ,:'•��• of mortgugc insur.mce. l.oss reserve payments muy no longer be n:yuired,nt thc option of Lender,if mongagc insurance
<br /> �' -,,.,*�:�:;:....�: coveruge!in the amaunt and for the periad that Lender reyuirex)provided by an insurcr npproved by Lender again becomes
<br />_ avniluble and is obtained.Borrowcr shall puy the prcmiums rcquimd to muintuin mortgu�c insurancc in effect,or to provide n
<br />- ,;;. :,,, ' loss rcserve,until the requirement for mortgage insurunce ends in uccordunce with uny written agreement between Borrower
<br />-• �.;��. �,;;„'.;. �: ; and Lender or applicable laa•. �
<br /> • � 9. Inspection. Lender or its agent miry muke rcasonuhlr entries upon und intipc:ctinns of the Prc�perty. Lender shall '_
<br /> ��'• ������ � �:•�'• give Bonawer notice at the time of or prior to un in,pcction spccifyin�reii,onuble cnusc for thc inspcctinn. °
<br /> � �+��:�;�_,;�.,..�,;: 10. Condemnation. The proceeds of�ny awurd or c:laim for duntnges,direct or conkquentiul,in connection with uny �.:
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