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<br /> p�riods thAt l..endcr requfres. Ttw insururee curier providing the in�uranco shall be chosen by llorrower rubjxt to l.ende�l�
<br /> ------- __° appn,vat which chatt not be unneasemably wlthheld. !f 9orrotver failc to raol�uMin caven�ge desc�beei,�bu�C,Lender may,at
<br /> Lenderh option,obt�in caven�ge ta protxt Lenderk riQhtR in the PropeRy M�ccordwtce with puagnph 7.
<br /> A!1 insurnnce policies and rcnewal:sludl be�ccepnble to Lxnder ind ah�U lncluck A st�ndud mott�age clauae. 1.aMer
<br /> ah�ll have thc right to hoid the policics and renewals, if i.ender requircY,Borrower Yh�ll prompdy give to Ixnder�tt roceiptr
<br /> - -- — of paid prcmiums and rcnewal notices. In the cvrnt nf loss,Bortower sh�ll�ive prompt aoticd to the inaurance caRier md
<br /> I.ender. l.ender may malce proof of loss if not mada promptly by Borrower.
<br /> _—_ Unless l.ender and Barower aherwise agroe in wdting,insurance pmcads sh�ll be appliod to nestor�tion or rcpsir of
<br />._ -- the Property dum�►gcd, if tiu: r�swratlo�i or r�:pa'u ls economically feasible and Lcndcrk sccurity Is not lessened. lf the
<br /> rcstoradon or repair is not econamically feasible or L,enderk security would be lessened. the Inwr�nce procee�s shall be
<br />-- applied ta the sums secured by this Security lnstrument, whethu or not then due.with uny excecs paid to Borrower. If
<br />,. Borcower abandans the Pmperty.or does not answer within 30 days a�atice fmm I.ender that the Insurw►ce cartier has
<br /> _ offered to se1Ne a claim,then Lender may collect the insurance proceeds. Lender may use the proreeds to npair or resroce
<br /> --- --_ the Properiy or to pay sums secured by this Security Inshument.whethe�or nat then due. The 30-day pedad will be�in when
<br /> - �'� the noticc is givcn.
<br /> Unless Leader and Borrower otherwlse agree in writing,any appUcation of proceeds to principal shall not cxtend or
<br /> - postponc the due date of the monthly payments crfemed to in paragruphs 1 und 2 or change the umouni of the pxyments. If
<br /> = unde�paragraph 21 the Ptopetty is acquired by Lender,Borrower�s right to ony insuranco policies and proceeds rcsulting
<br /> ____, from damage to the PropeRy prior to the acquisition shAll pass to l.ender to the eztent af the sums secured by this Security
<br /> ______—__ Insuument immediately prior to the acqulsition.
<br />,;� -- b. Occup�ncy, Preservation, Mnintennna and Protectbn ot the Property; Borrower's LoAn Applicatlon;
<br /> � Leaseholds. Borrawer shall occupy.establish,and usc th�Property as Barrower�s principal residence withtn sixry days after
<br /> _� the execution of this Security Insuument and shall continue to occupy the Aroperty a.a Borrower�principal resider�ce for ut
<br /> teast one year after che date of occupancy, unless Lender otherwiso agnes in writing, which conrent shall na be
<br /> unreusonably withheld,or unless eztenuating circumstences exist which are beyond Borrower's canuol. Bocrc�wer shaU not
<br /> ���;%' destroy,damage or impair the Property,ullow the Property to deteriorate,or commit waste on the Praperty. Borrower shall
<br /> !x:in default if any forFeiture action or praeeding,whether civil or criminal,is begun that in I.ender's good faith judgment
<br /> could result in forfeiture of the Property or othenvise materially impair the lien created by this Security Inswment or
<br /> � . .�. Lender's sccurity interest. Borrower may cure such a defuult and reinstate,as provided in paragraph 1 R,by causing the action
<br /> or praceeding to be dismissed with a ruling that,in Lender's good faith detertnination,precludes forfeitur�of the Borrower's
<br /> .� r � interest in the f'roperty or other material impairment of the lien created by thls Secudty Instrument or Lendect security
<br /> .-.s interest. Borrowcr shall also be In default tf Bocrower, during the loan application process, gave materislly false or
<br /> Inaccurate information or statements to Lender(or failed to provide Lender with any material infotmation)in connectian with
<br /> y� the loan evidenced by the Note, including. but not limited to,representutions concerning Borrower's accupancy of the
<br /> Property as a principal residence. If this Security Instrument is on a leasehald.BoRawer shall comply with all the provlsions
<br /> - � of the lease. If Borro�er tK'c�uir�c fex:tide to the Pmperty,the lea�ehold end the fee ttde shaU not mergc unless l.ender agroes
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<br /> r,�.� t...�,:,.,f4 t�, to the mer�er in wrtting.
<br /> ,�r`7'"'•�.-. �••:�, 7. Protection of I.endcr's Rights in the PropeMy. If Borrower fails to perPorm the covenants and ugreemcnts
<br /> '.";,;,:.� ,�{�" cantained in this Security Instrument,or there is a Iega! proceeding that may significantly affect Lender's• rights in the
<br /> "`����;•,;,�'��%f' Property(such as u proceeding in bankruptcy,probate.for condemnation or forfeiture or to enforce luws or regulations).then
<br /> � ��'`�ie`� '��' � � Lendcr may do and pay for whatever is necessary to protect the value of thc Property and l.endcrk rights in the Propeny.
<br /> .�r.:.,.;. ...�
<br /> ,"� .,.�.�.,,�..,. .. ;` , Lender:actions may include paying nny sums secured by 3 lien which has prioriry over this Securiry[nstrument,appearing _
<br /> ' - in court,paying musonable attomeys'fecs und entering on the Property to make rcpairs.Although Lender muy take action
<br /> '���'"""' ' `'" " under this paragraph 7.Lcnder dces not huve to do so.
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<br /> Any amounts disbursed by Lender under thix p�ragraph 7 shall become additionai debt of Borrower secured by this
<br /> '';� "?�'`'''- '•`�'�� ""' Sccurity Instrument. Unless Borrower and Lender agrec to other tcrms of payment,these amounts shall bcar inten�st from the
<br /> - . ;,•,: date of disbur�ement ut the Note rnte and shall be payable.with intemst,upon notice from Lender to Borrower mquesting
<br /> ",,;:`�.' " , ,•. ' puyment. .
<br /> ;`,;;,;,,��;,�_ ,,:..� 8. Mortgage Insurance. If Ler�der required mortguge insurance ati a conditian of m•rking the loan secured by this
<br /> t Security Instrument, Borrower shall pay the premiums reyuired to maintain thc mortgage insurance in effect. If, for any -
<br /> E �'�'��"�`�'�" rcu.on, the mortgage insurance coverage requircd by Lender lapties ar cease, to be in effect, Borrower shnll puy the
<br /> .-�..��"�c- premittm� required t� �htnin c�verage suhc�nntialty equivalent to the mortgage insurance prcvtou�ly in cfFcct, at a cost
<br /> �4s�a�:a-,�.�.::.,.;:,.
<br /> ;�,� , �,,� ,�,,�,��,,.�,�..,�.� substantially equivalent to the cost to Rorrower of thc mortgage insurancc previoutily in effcct, from un altemate mortgage
<br /> •s�zat�;;.,!�'.� �ti� � insurer upproved by Lender. ]f substantially cquivalent mortgage insurance covcrage is not uv;�iluble.Borrowcr shall pay to
<br /> `�''`'''� ' '<t'��rr - ' Lender each month a�um eyual to one-twelfth of the yearly mortgage in.urance prcmtum bcing paid by Borrawer when the
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<br /> insurunce coverage lapsed ar eeased to bee in rffrct. Lender will accept,u,e and retuin thesc payments a�n loss resen�e in Neu
<br /> �=+ �r,,;;�e ,.�.�x of mortgage iasurance. Loss rescrvc payments may no longer be requimd,ut thc option of Lender,if mortgage insurance
<br /> ' ,�,,,�--� coverage(in the amount and for the period that Lender rcyuire.)provided hy an insurcr upproved by Lender again becomes
<br /> -� ••" available and is abtained.Borrower shall pay the premiums myuircd to muintnin mortgage intiurance in effect,�r to provide a
<br /> -= � locs rcserve,untii the requimment for monguge insurance ends in uccordAnce with uny written agreement between Borrowrr =
<br />�•� ��N �y• and Lender or applicuble law.
<br /> -�!� �tr,�?��� 9. Inspection. Lender or its agcnt may make masonable entries upon:md in,pections of the Propeny. l.ender shall
<br /> '�"�'y�;��.�r;w give Borrower notice at the time of or prior to an inspection specifying rcaxonable cuusc for the in.pection.
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<br /> =�-� "�-"".'- 10. Caodemnation. The proceeds of:uiy award or claim for dantages,diRCt or conseyurntial.in cunnection with any
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