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<br /> ------ ___ periods Itu�t Letide�royui�nes. Tbe insur�nce cattier providiqa the L�sur+�noe�htll be chaen by Aorrower wbject W l,enderl�
<br /> . approval which�hail not be un�+eewnably withheW. if Barower fiila ta maintain covCr+�e dacribed above.Lender auy.� _
<br /> Lender'a option,obAin covera�e w pratect l�der`�ri;l►ts in the Property in�ccord�nce wlth para�rnph 7.
<br /> AU tnsuran:e policies and nenewak�IuA be acceptabk to Lender u�d�tt�ll include a atandard mortQa�e cl�use. l,a�der
<br /> chall have the right to hoid the policfes and renew�ls. If Lender roquires.Borrower shall promptly Qive to Lender tll receipta
<br /> of pdd premium�and rcnew�l notics:. In the evea�t of Ioa�,Borrower shdl�ive pcomp notioe w tha imurmce carrier and
<br /> l.ender. Lender may maice proof of loas If not nade promptly by Bormwer.
<br /> `--_ -- -- Unk�K l.ender and Barower oti�erwisa s�roe in wrjtin�,insurrnce proceods sh�tl be applied tn restcxation or r�epNIr of
<br /> the Propeny dun�ged. if the reatotulan or mp�it ia ecafanically feasibie and Lenderk recurity is not leasened. if the
<br /> rcstoration or repai�is not economieaUy fwibk or Ler�der� socurity would be lacened. the insurance pioeads ahall6e
<br /> appliod to the sums secuced by this Securlty Insuumtnt,whether a not then dne,with any excess paid to Bocrower. If
<br /> Bonnwer abu�dons the Propecty.or das not answqc wlthin 30 daya a notice from L.ender that the incurnnce curler his
<br /> offerod ta settlo a claim,then Lender mAy collact tho insur�nce proceods. Lender may use the proceeds to repatr or rcsto�
<br /> , the Prope�ty or to pay swns securod by thig Sxurity Jnslcument,whether w rat then due. The 30�day period wfA begin wben
<br /> -°` —.�"�"'°�`�.� the notice is given.
<br /> Unkss Lender and Bomower aheRwisa agree In writing,any applicaUon of procads to princlpal shall not extend or
<br /> postpone the due datg of tho manthly pxymu�tc�ferned to in puagraphs 1 and 2 or change the amount of thc paymcnts. If
<br /> under parngrnph 21 the PropeRy is acquimd by Lender. Borrower's right to any insw�ance policies and procads resulting
<br /> — from dam�t to the PropCcty prior W the acyuizitlon shall pass to Lender to the extent of the sums secured by this Securiry
<br /> --- Instrument insmediutcly prlor ta thcacquisidan. �
<br /> 6. Occupenay, P�+eservatiou� Matntena�ce and Pcotectba ot the Property; Borrower's Looa AppUcalloa;
<br /> Lea�eMolds. Borrower shall occupy,estnblish,a�d use the Property as Borrawer!e�rincipal rosidence within sixry days after
<br /> . � , the executton of this Security Insuument and shall continue to accupy the I'ropeRy as Borcower�pr�ncipal nsidence for Rt
<br /> - _ least one ycar after the date of occupancy. unless L.ender othe�wise agrees in writinB, which conscnt ahall not be
<br /> ;°'� unt�asonably withheld,or unless extenuating circumstences exist which are beyond Borrawer's control. Borrx►wer shall not
<br /> =ti_ � destroy.damage or impair the Propetty.allow the Property to deteriorate,or commit waste on the Property. Borrower sh�ll
<br /> = be in default if any forfeltuie action or procading,whether c[vil or criminal.is begun that in l,ender's good faith judgment
<br /> .,ll could msult in forfeiture of thc Pmperty or otherwise materially impair the lien created by this Security Instrument or
<br /> -- — I.ender's security inte�st. Borrower may cure such a default and reinstate,as provided in paragraph 18,by causing the action
<br /> or prace¢ding to be Jismissod with a ruling that,in L.ender�s good faith determination,precludes forfeiture of the Bormwer's
<br /> '�'?!� intercst in thc Pcoperty or other material impaim�ent of the lien created by this Security Instrument ar Lender'a secudty
<br /> intercst. Borrower shal! also be in default if Borrower, during the loan apptication pracess, gave materially false or
<br /> � lnaccurate infortnation or statements to l.ender(or failed to provide Lender whh any mate�ial information)in wnnection with
<br /> --=— the loan evidenced by the Note, including, but not limited to, reprcsentatlons conceming Bocrower's occup�ncy of the
<br /> — ----- Prope�y as�prircipal residr.ncc. it'shis Suadiy Insuurrs�i is an a lcaschotd,Sormwcr sh�01 camply wiih a11 tlie pmvisiaas
<br /> { of the lease. If Bonower acquirQS fee dQe to the Property,the leasehald and the fee ade shall not merge unicss Lender agroes
<br /> •��'n to the merger in writing.
<br /> . �p, ��,;�
<br /> � ��' 7. Protecdon of l.ender's Rights in the Property. If Borrower fails to perfonn the covenants and agrcements
<br /> �. F , . contained in this Secudty [nstrument, or there is a legal proceeding thnt mny significantly affect Lender's rights in the
<br /> ' ��t' ` Pruputy(such as a proceeding in bankruptcy,probate,for condemnation or forfeiture or to entorce laws ar regulations),then
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<br /> �, lundor may do and pay for whatever is necessary to protxt the value of the Property and Lender's rlghts in the Propeny.
<br /> -- ' •��`���'-`�`����`�� Lvnder's actions muy include puying any sums securcd by a lien which has priority over this Security lnstrument,appearing —
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<br /> �� • . �� .�- ,•r � ; i in court,payin�reasonable attomeys'fees and entering on the Propeny to make repairs.Although Lender may take action
<br /> T '�' "::-�':"'f:' ` under this paragraph 7,Lender dces not have to do w.
<br /> `' : , Any amounts disbursed by Lender under this puragrnph 7 shall becomc additional debt of Borrower secured by this
<br /> � ,''�t�'��''!3` , r- Security Instrumcnt. Unless Borrower and Lender agree to other term�of payment,these amcwnts shall bear interest from the
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<br /> :=y� 'p��:,,`�KC;�, date of disbursement at thc Note rate and shall be p�yable,with interest,upon notice from Lender to Borrower requesting
<br /> +� , �'.;,��:y��'��.,�...,,•. Payment.
<br />_ • :.«, $. Mortgage Insurance. If Lender rcyuired mortgagc insurunce as a condition of making the loan secured by this
<br />_ � �'`-�� k"�" "�' Security Instrument,Borcower shall puy the premiums requ�red to maimain the mongage insurance in effect. If. for any
<br />- �<�s�°'` mason, the mort�age insurance coverage requirecl by Lender lapses or ceASes to be in effect, Borrower shall pay the
<br /> - '' M�c"�� premiums reyuired to obtain coverage substant�apy eyuivalent to the mortgnge insurance previously in effect, at a cost
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<br /> �'`�:�;,L i.� n burer�a�pproved�by,Lender.h If substa n a ly eyu alent m�ortgage�in,urran eprover geYis notfavuilablc,Borro er shnll pay�o
<br /> •������ �����'�M���. Lendcr each month a sum equal to onc-twclfth of the ycarly mortguge insuruncc premium being paid by Borrower when the
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<br /> �&-� :�. ' ��•i' i insurance coverage lupsed or ceased to be m effect. Lender will accept,use and retain the�e payment�as u lass reserve in lieu
<br />--i;. ~�:;;^. =�- of mortgagc insumnce. Loss rescrvc paymcnts muy no longer be require.d,at the option of Lender,if mortguge insurence
<br />_ L;'�,;.:.,':'�;` ! covera�e(in the amount und for the period that Lender rcquires)provided hy un insurer upprovrd by Lender again becomes __
<br /> - "— �,_�,. � avAilable und is obtained.Borrower shall puy the prcmiums rcquired to maintuin mongAge insurance in effect,or to provide a
<br /> -,�_ � loss reserve,until the requirement for mortgage insurance ends in accordance with uny written ugreement between Borrower
<br />__;f'� ' .��� And Lcnder or applicuble law. a
<br />�,--� -L'���`�'�' 9. Inspection. Lendcr or its ugcnt m�y malcc rcasonable cntries upon and inspections of the Praperty. Lender shall
<br />--� give Borrower notice at the time of ar prior to an inspection specifyin�reasonable cauu for the inspection.
<br />�_�.� �����' 10. Condemeation. The proceeds of any award or claim for damages,dircrt or cunzeyuentiul,in connection with any =
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