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<br /> �� perinds that L.cnder reyulres. Thc Insurancc carricr praviding the insuruncc shall be chosen�y�arrower eubJxt to Lenderk
<br /> � , npgravs!s�ttich shell not!x i�nrrRw+nably wltht�eld. If Bormwer fails m m�tntain covenge decccibed above,Let�der msy,�t
<br /> Lender's aption,oMaln covorage to proeect I.er►der'a ri8hts in the Property in accordance wlth puagrnph 7.
<br /> All insurance policies and renewxis shall be acceptable to l.ender and shall lnclude a btandard rnortgage clause. Lender
<br /> shal!have the right tu hold the polfcies and renewals. If i.ender require�,Borrower ehwll promptly givc to Lender All rccefpts
<br /> — af paiJ prcmiums and nnewal naices. In the event of loss, Borrower shull�ive prompt noticc ta the insurance canier and
<br /> � � l.e�der. Lender may make pmof of tosa if not made promptly by Horrowee.
<br /> - Unlesti I.ender arid Barrowcr otherwise Agree ln wdting.insurance proceods shall be applied to resrorxdon or rcpair of
<br /> �,+•;+ ��� the Property dumaged.if the re�+toration ar repair is economically fcasible and Lcnder's security Is not lessencd. If the =
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<br /> ;,.�� rcstoration or rcpair is not ceonomicelly feasible or Lender's securlry wauld be lessened.the insurance proceeds shall be
<br /> _=--_=�—_ npplied ro the sums secured by this Secudty Instrument,whether or not then due, with uny excess paid ta Borrower. If
<br /> = BoROwer ubandons che PropeRy.or does nat answer within 30 days a notice from Lender that the insurance cerricr has
<br /> .-n��� offered to�settle a claim,then Le�xier may collect the insurance proceeds. Lender may use the procceds to rcpair or rcstora
<br /> ��:;� the Property or to pay sums secured by this Secudry Inatrument,whether or not then due. The 30-day period wlll begin when
<br /> -= the notice is given.
<br /> _"� ---� Unless Lrnder and Borrower otherwise agre�In writing,any application of proceeds to principr+l shall nat extend or �-
<br /> �� postpone the due date of the monthly payments refened to in paragcaphs 1 and 2 ar change the amount of the payments. If
<br /> ���.�.o�.� under paragraph 21 the Property is acquired by Lender.Borrower�s right to uny insurnnce policies and proceeds resulting
<br /> ,_, from damage to the Property prior to the acquisition shall pass to l.ender to the extent of the sums secured by this Security
<br /> �«�s•;;r�- -`— Inatrument immediately prIor to the acquisition.
<br />--'"��';;�:. 6. OccupAncy, Prrservs�t(o�i, hiuintenance s�nd Prutectiuu uP lhe P�•upe�•ty; Qorrower's Loan Applicatton; _
<br /> �' ` ` i Leaseholda Borrower shull cecupy.estublish.nnd usc the Property as Bornywer's principa!rexidcncc wlthin sixty days after
<br /> �;° , ��� the execution of this Sxur�ty Insuumant and shall continue to occupy the Property�s BarrowerS principal residence fnr at
<br />:�sr� .. leust one year after the date af cxcupuncy. unless Lender otherwise agrees in writiog, which w�sent sltull nat be
<br /> unreasonnbly wIthheld.or unless extenuating circumstances exist which rue beyond B�rrawer�s control. Barrowet shall not
<br /> '�G��"°�'.'�'��'�7t destroy,damage or impair the Property,allow the Property to deteriorate,or commit waste on the Property. Bonower ahall
<br /> `�Txi`�i,;:. . . �,,,
<br /> �,v°; be In default if any forfeiture action ar proceeding,whether civil or criminal.is begun that in Lender's good faith judgment
<br /> � could resu(t in forfeiture of the Pcoperty or otherwise materially impair the lien created by this Security Inswment or
<br /> :::•�.ii;�, •"' '..�.• : Lender's security interest. Borrower inay cure such a default m�d reinstate,as provided in paragraph 18,by causing the action
<br /> � .J , or proceeding to be dismissed with a ruling that,in Lender's good faith determination,precludes forfelture of the Bocrower's
<br /> ;Y� s:�.�'.�� interest in the Property or other materiat impainnent of the lien crented by this Security Instrument or Lender�s security
<br /> , ,1�� :•�'�1,`',�t'`" intcrest. Borro�ver shall also be in default if Borrower, during the loan application process, gave materially felse or
<br /> - ,r = inaccurate inf�rmation or statements to Lender(or failed to provide Lender with uny marerial information)in cannection with �"
<br /> Y-•�,;; the loan evidenced by the Note,including, but nat limited to, representations conceming Borrower§ occupancy of the
<br /> ' ""��' Property ac a principal residence. If this Securlty Instrument is on a leacrhold,Borrower shall comply with all the provisions
<br /> '�'• -- d��`� of the lease. !f Sono+�er acquires fte title to thP Property,the kasehold and the fee 6tle shall not merge unlesa I.endor agrees
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<br /> a , .f,,...�`.�• s?y,
<br /> � •;�;-. .._:,..,.. ;_, to the merger in writing.
<br /> �� 7. Protection ot I.ender's Rights In the Property. If Bortowcr fails to perform the covenants and agreements
<br /> ;ti;;,;;•;,. r� :^� �. contained in this Security Instrument,or there is a legal praceeding that may significnntly affect Lender� rlghts ln tha
<br /> � =,�;': :.,'��'•.:�,� Property(such us a proceeding in bankcuptcy,probate,for condemnation or forf'eiture or to enforee laws or regulations),than
<br /> , . ' �. Lender may do und pay for whatever is necessary to protect the vuine of the Property nnd Lender:s ri�hts in the Property.
<br />�;.� . . Lender's actions may inctude poying any sums secured by a lien which ha5 priority over this Security Instntment,appearing
<br />` ~'� ' � " in court,pu��ing rcasorwble attorneys'fees nnd entering on the Property to make repairs. Although Lender may take action
<br />'' � '"�'s�i•:'''•'' '�'` under thix paragraph 7.Lender das not havc to do so.
<br /> • i�� Any amounts disbur.ced by Lender under thls parogruph 7 shall become nddition�l debt of Borrower securod by this
<br />_u;,,, � , �•�' Security Instrument. Unicss Borrower and Lender ugree to other tcrms of payment,these amauntx shall bear interesxt from the
<br /> F'��`w: �' � " - date of disburscment at the Note rate and shall be payable,wilh interezt,upan notice from Lender to Borrower requasting
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<br />`� =.,.;�.., -.. ,.::: puyment.
<br /> �"�'a�°� "M�•�'ti?�� S. Mortgage Incuranee. If Lender required mortgage insurnnce ss a rondidon nf muking thc lonn eecured by thie
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<br /> \ ��,• ••• Security Instrument, Borrower sha11 pay the premiums required to maintain the mongage insurnnce in effact. if, for any
<br />''� �'''-•� � � reason, the mnrtgage insurance coveruge reyuired by Lender lapses or ceuses to lx in effect, Borrower shall pay tha
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<br />- premiums requircd to abtain caverage subxtantia!ly equivalent to the mortgage insurance previously in effect, at a cost
<br /> ��"� ° � substnntinlly eyuivalent to the cost to Borrower of the mongage insurnnce prev�ously in effect, from un alternate mortguge
<br /> �'� '`�"d'""�`` insurer approved by Lender. If substantially equivalent mortgage insurance coverAge is not uvuiluble.Bonower shall pay to
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<br /> :w�:�. , Lender each month a sum equal to one-twclfth of thc ycurly mortgage in,urance premium being paid by Borrower when the
<br />_,°•.: �� �,'� insurance caveruge lapsed ar ceased to be in effect. Lender will uccept,use and retain ihese payments as a loss reserve in lieu
<br /> -; �'�, � of murtgage insurance. Loss reserve payments muy no lon�er be required, ut the option of Lender,if mortgage insurance
<br />- ,,,.'~•.,;'•,,� ' coverage(in the amount:u�d for the period thut Lender rcquires)provided by•rn in�urer approved by Lender ugain becomes
<br /> - .�.�i available and is obtained. Borrowcr shall pay the premiums reyuircd to muintain mortg:�ge insurance in effect,or to provide a
<br /> ; �':`�,��q:�;;;: loss reserve,until the requirement for mortgage insurnnce ends in uccordance with;u�y written agreement between Borrower
<br /> �—_ �,,,;�,,. und Lender or applicnble Inw.
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<br /> - .�, ..,::,<<. 9. Inspection. Lender or its agcnt may makc reasonuble entries upon and in,pections of the Property. Lendcr shall
<br /> _ - 1.���'w e '�rm give Bnrrower notice at the time of or prior to un inspection specifying reasonable c•ruse for the inspection.
<br /> -- "--- �',�f ' 10. Condemtu�tion. The proceeds of an��award or claim for damuges,direct or consequential,in conneciion with uny �-
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