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<br /> - — . paiod�ta.t t.eaaer roqu�a. 71�e in�ur�u�ce caniur p!ovid+r�tbe inwr.noe�It be ctw�a�by�we��ferl�
<br />.— . - ' approval whkh�il twt be wu+ea�a�wbly withiteld. It Fsamwer faib to m�intain coven�n 3eunoeal above,I.e+�foi uiwy.rit -
<br /> l.a�derts apcioe.ob�airi cover�e w protat Lendert ri�ha in d�e Pr po r�ty in�oco�du�cx wtth p�n�r�ph'I.
<br /> AI{in�uNnce polkies�nd re�ew�l�riWl be�ocsptable w I,.er�dor and ih�lt include a uiu�d�e�d mat�ase clw�e. La�der
<br /> �ts�ll have the ri=ht w hold the policiet�nd t�enewal�. If I.er�der roqulrea.Aamwa ih�ll promPdY�ive to l.e�kr�II roceiput
<br /> of pRid prcm{unu md nnewd notica. ln ths event of losa.Bomo�ru shall�ive prompt ndice to ttre inwr�na c�urkr and
<br /> I.adea I.ender m�y m�lce proof of lcisss if not m�de Promptly by Barowa.
<br /> Unlaa Ler�der and Barower dherwise�roe In writing,inwnnce proceals�hall be applied to restaation a r�ir of
<br /> the Pr+opeity dam�aed,if the tr,�to�on or nepair i� economic�ily f�ibk �nd Lenderh �ecurity ie na iessencd. If the
<br /> restauian or n�ir l�not eca�anicslly fe�ibk or Lendorl�secu�ity would be kssened.the inwr�nce pcooeeds�hall be
<br /> eppUod to tha 4um� securod by this Securlty Inatrument,whethnr or rwt the�due. with any excesc paid to Borrower. 1f
<br /> Borrowa abmdon�tha H»pecty,cx does not anawer wlthla 30 dryc A aotice fcom Lender thu the tnwrance caRkr hss
<br /> offeced to senle�claim.then Lender msy coAect the lnsuranco proceals. I.anda may uae the procxeds to trpair or neatore
<br /> thc E'roperty or to ptY:um:exured by this Secudty Instrument,whettkr cx not then due. The 30�daY Period wiq be�in wha�
<br /> tho nottce is given.
<br /> Unless Lender and Bomower othcrwisa Agna in wdting.any applicuIon uf Frocads to principil sl�all not axtend or
<br /> postpone thc due drte of tho mot►thly payments refe�red w in pnrAgraphs 1 xnd 2 or chango the amount of the p�yments. If
<br /> undor par�gc�ph 2i the Property is�equired by Lender,Bamwerle right to Any insuru�ce policies and proceed�rcsulting
<br /> from dam�e to the Fiuperty prbr w the acqutcidon:twll pass to Lender to the extent of the�ums secured by this Security
<br /> �� lnsuument immedletely prk�r to the ecqulsition. .-
<br /> ' 6. Ooa�p�ocy. Praervatlu0. 1VUinteoance and Protectba ot the Property; Borrower'� Laa Applicatioa;
<br /> l.easeholde. Bortower shall occupy,establish,and nse rhe Propem�as Bomuwu�s principal residence within stxty days after
<br /> the execution of this Securiry Instrument and shall continue to occupy tha Prope�ty as Borrowerk principtl residencx for at
<br /> least one yeu after the date of oocupancy, unless Lender otherwise agrees in wrIting, which conunt shall not be
<br /> unreasatably withl�eld,or unless extenunting circumstu�ces e�st which arc bopond Borrowerk control. Bomower slwll not
<br /> destroy,damnge or impair the Property,allow the Property to deteriorate,or commit waste on the Property. Borrower shtll
<br /> be in default if any forfeiture action or procadtng.whether civil or criminal,is bogun that in Lender`s good faith judgment
<br /> �. could result in fafeiture of the Roperty or otherwise materially impair the lian eneated by this Security Inawment or
<br /> — Lender�s security intensc. Borrower mpy cure such a default wid rcinstate,as Ixovlded in parag�aph 18,by c�using thu actlon
<br /> - or proceeding to be dismissed with a culing that,!n Lender�s gaod faith detecminadon,precludes forfeiture of the Barower�s
<br /> intercst in the Propecty or other mecedal impaicment of the lien cr+eated by this Socurity Instrument or Lender�securiry
<br /> interest Bomower sfwll also be in dcfault if 9omowcr. dudng the loan applicadon process, gave mated�lly false or
<br /> _� inaccurate infornwt�on or statements to Lender(or failed to provide Lender with any material information)in cannect�an with
<br /> the loan evidenced by the Note. lncluding, but not limited to, rcprcsentations concerning Borrower�s occupu�cy of the
<br /> Property as a principAl rcsidence. If this Security Instrument is on u leasehold,Botrower shall comply with all the provlsions
<br /> " , of the iease. If Bomower acquires fa citie co the Property.the texsehuid and i1�fix tiite siu+ii twi ttierge unlcrs i.cndcr aB�: �
<br /> . __ � to the merger in writing.
<br /> 7. ProtecUon ot Lender's Rt�hts in the Prnpecty. If Borrower faila to perForm the covenants end agn,ements
<br /> �.—.� -- contai�ed In this Security Inswment. or there is u legal proceeding that may significantly affect Lender�s rights in the
<br /> ---- _=i Propecty(such as u praceeding in bankruptcy,probate.for condemnation or forfelture or to enforce laws or rcgulations).then
<br /> +�,��, i Lender may do and puy for whatever is necessary to protect the valuc of the Property and Lender s rights in the P[openy.
<br /> �,�,�;,.,. i Lender�actions may inctude paying any sums secure.d by a lien which has priority over this Security Instrumen�appearing
<br /> ,, , in court,paying reasonable attomeys'fees and entering on the Property to make repairs.Although l.ender mAy take action
<br /> under this paragrnph 7,Lender dces not have to do so.
<br /> Any amounts disbursed by Lender under this paragraph 7 shull become additional debt of Borrower secured by this
<br /> - Security Instniment. Unless Bonowcr and Lender agree to other terms of payment,these amounts shall bear interest from the
<br /> ,, i date of disbursemcnt at the IYote rate and shall be puyable,with intercst,upon notice from l.ender to Borrower requ�sting
<br /> 7ti`• I puyment.
<br /> 8. Mortgage Insumnee. If Lender required mortgage insuronce as a condition of ms�king the loan securea by this
<br /> ��;� ,t�My,, .;" Security Inswment. Borrower shull pay the premiums rcquired to muintain the mortgase insuru►ce in effect. If,for any
<br /> reason, the mortgage insurance coverage required by Lender• lupses or ceases to be in effect, Borrower shall pay the
<br /> � � ••• remiums re uired to obtain coveru e subxtantiaii e uivalent tu the �nu�t d'C 1it�UI:qICC �CViuu�{ in effect, at a cast
<br /> ...a�t�t;�.. P 4 S Y 9 8�b P Y .
<br /> .,y�.�:.,� substantiully cyuivulent to the cost to Borrower uf the mortgage insurance previously in effect,from an altemate mortgage
<br /> '�"�;,r�""�?`�':� insurer approved by Lender. If substantially equivnlent mortguge insurance coverage is not available,Bortc�wer shall pay to
<br /> ��U�;� Lender cach month a sum equal to onc-twclfth of the yearly mortgagc insurance prcmium bcing paid by Borrower when the
<br /> �� -�='�n��'� insur.u�ce coverage lapsed or ceased to be in effect. Lender wiU accept,use and retain these payments•rx u loss reserve in lieu
<br /> -----._,:-;;;-��i of mortguge insurance. Loss reserve payments may no longer be required, at the option of Lender,if mortgage insurance
<br /> -_ '":.�;y�� coverage(in the umount und for the period that Lender reyuire,)provided by an insurt.r appmved by Lender again becomes -
<br /> �""`°L=`?';__�! avuilable and is obtained.Borrowrr shall pay the premiums required to maintain mortgage insurance in effcct.vr to provide a
<br /> -" °"`"°--'� loss reserve,until the requirement for mortguge insurance ends in accordnnce with uny written ugreement between Borrower
<br /> ���'�F y� nnd Lender or upplicable law.
<br /> w-� 9. Inspection. Lendcr or its agent muy make musonable entrics upon and insp:ctions of the Property. Lender sha�l -
<br /> '����� give Borrower notice at the time of or prior to an inspection specifying reasonable cuuae for the intipection.
<br /> ---`��`,�,,����� 10. Condernnatlon. The proceeds of any uwurd or claim for damages,direct or consequential,in connection with any
<br /> ���i�:li�
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