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<br /> periada th�l l,ender t+equires. The inwran�x curler provldinR�iruwrance chall be choren by Bamnwer wbject to Lende��
<br /> l`j- - approvd whkh�hnll not be unreaso�bly wlthheld. If Bomower fail�ta msintain coverAge deecdbod above,L.ender may�at
<br /> Lenderk opion.obtain covem�c to protoct L.ender�d�hte in the Property in�ccordaixe with par�rnph 7.
<br /> All inwrwr►ce policies and renew�ic shatl be accept�ble to L.ender u�d�II Include a Rtandxd martR�ge claure. Lender
<br /> ��
<br /> xhal l havr tt►e right to Ix�ld fie policies and oenewals. If I.ender roquircc,Borrower sh�11 pnHnptly give to L.ender aU rccelpts
<br /> - `- --- ---�--� ot pwd peemiums and rcnewal�ntices. In the event uf loss.8orrower sh�fl�ive prompt ncxlce w the inwnuice carrier and
<br /> Lendrr. L.endar mny mske proof af loss if not ntade pramptly by Bomower.
<br /> �-� -- Unless Lender and Borrower rnhenviie agrre i�writing,insurance prcxYeds shall be applied to restorntioi�or repair of
<br /> � � theProperty ds�maged, if the rcstoratian or nepair is economically feasible and Lenderl secudty is not lessened. If the
<br /> :'-%— rcstorntion or rcp;.:r is not economically feasible or Lenderl security would be lessened.the insurance pmceods sfiall be
<br /> �- �� applied to thc sums secured by this Securiry Inswment,whether or aot then due, with any excess paid to Bomnwcr. If
<br /> --- -- Borrower abandons the Propeety,ar does not aoswer wllhin 30 days a notice from L.ender that the insunnce cwrier hps
<br /> ���� cffered to setde a claim.then Lender may collxt the insurance proceeds. Lender m�y use the proceeds to rcpair or restore
<br /> _-- the Pmpeny or ta pay sums securcd by this Security Instrumet�t,whetFKr or not ttKn due. The 3U-day pedad will be�in when
<br /> ��'°'°°'!°o'� the notice is given.
<br /> -- -_— Unless Lender and Borrower otherwise agree in writing,any applicuion of proceeds to principal shall not extend at
<br /> — poctpone the due date of thc manthly payments refemcd to in paragraphs 1 and 2 or change the amount of the paymenu. If
<br /> under paragr+ph 21 the Property is acquircd by l.ender.Bomower�s right to uny insurence poficies and proceeds rYSUlting
<br /> _ ___ _______ _ from damage ta the Property priar to the acquisition shall pass to l.ender to the exten[of the sums secur�ed by this Secu�iry
<br /> - _.:� --- lostrument immcdiutcly prior to thc acquisitlon �
<br /> ----- _ 6. Occupancy, Preservation. Maintea�nce aod Protectbn ot the PropR�ty; Borrower•s Loaa Applicstion;
<br />_ [,easehoids. Borrower shall occupy,ostablish,and use the Property as Bomower�principal residence within sixty days after
<br /> „ the execution of this Security instrument and shull continue to occupy the Properry as Borrowers principal rcsidence for at
<br /> - least one year after the date of occupancy, unless Lender otherwise agrees in writing, which cansent shaU nat be
<br />-. „ ,.,,.,., ., unreasonubly withheld,or unless extenunting circumstonces exist which are beyond Bornnwer�s control. Borrower shaU not
<br />" � �•• -tiy destroy,damage or impaIr the Praperry,allow the Property to deteriorate,or commit wastc on the Property. Borrower shaq
<br /> _ �� ` ' �� � be in defs�ult if any forfeiture acaan or proceeding,whether clvil or criminal,is begun that in L.ender§good faith judgment
<br /> � ���� � ca:ld retiult in fodeiture of the Property or dhenvise materially impair the lien created by this Security [nsuument or
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<br /> : �' ;;' '""�� ,�' Lender's security interest. Boimwer may cure such a default and reinsuue,as provided in paragraph 18,by causing the action
<br /> .,y..�a�.w_.,_ or proceeding to be dismissed with a ruling that,in Lendtr's-good faith detennination,precludes forfeiture of the Borrower's
<br /> ,'J�1 '� '�Z�:'�^�:1��� interest in the Property or other material imp�imxnt of the lien created by this Security Instrurt�ent ar Lender's security
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<br /> ����Y... }�, inter+est. Borrower shall also he in default if Botrower, during the lou► application pracess,ga�•e muterially false or
<br /> J, .,;�;•, ,� inaccurate informution or statements to Lender(ar failed to provide Lender with any material information)in connection wltfi
<br /> „'';,� "1''�,��:- the loan evidenced by the Note. including, but not limited to. representations concemi�g Borrower's occupancy of the
<br />- . __,�e`sat3,w�:c���i�'_ Property as a prineipa!residence. If this Securiry Instrument is on a leasehold,Borrower shall compiy with all the pcovisions .
<br /> ��`� '- �' '� •� '� � of the Icasc. If Borrower acquircs fee title to the Property,the leasehold and the fee tide shall not merge unfess Lender agrees
<br /> .,,.•._
<br /> .. to the mergr.r in writing.
<br /> • . 7, Frotection of Le�der's Rights in fhe Property. If Borrower fails to peiform the covenants and agreements
<br /> .:.�y�':,,_.;,r, contained in this Security Instrument, or there is a legal proceeding that may significantly affect Lender?s rights in the
<br /> - ,. , � �• Properly(such ac a proceeding in bankruptcy,probate,for condemnation or forfeiture or to enforce laws or c+egulations),then
<br /> ' Lencler may do and pay for whatever is necessary to protect the value of the Properry and Lender's rights in the Propeny.
<br /> , :. � Lender's•rctions may include paying any sum�secured by a lien which has priority over this Securiry Instrument,appearing
<br />_ +� : • � in ccwrt,paying reawnable attomeys'fees and entering on the Property to make repairs.Although Lender may teke action
<br /> uader thiti paragnph 7,Lender does not have to do so.
<br /> • � � Any amounts disbuned by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br /> `_=�, �� Sccurity Inrtrumcnt. Unles�Borrow•er and l.endcr agrce to other tcrms of payment,the+e amounts shall bear interest from the .�-
<br /> -• v.� ~ • " datc of distwncmcnt at thc Note rate and shull be puyablc, with intcrcst,upoa notice from Lender to Borrower requesting -�
<br /> .`• - � paymrnt.
<br />- B. Mort�age Insurance. If Lender reyuired mortga€e insurunce us u cnndition of making the lonn secured by this -•
<br /> Security Instrument. Borrower shaU pay the prcmiums reyuired to maintrin the mortgage insurance in effect. If, for any
<br /> • � . "` reason, thr mortgage insurance coverage required by Lender lapus or ceaxes to be in effect. Borrower shall puy ihe
<br /> • prcmiums myuired to obtain coverage sub�t:intially equivalent ro the mongage i�itiur•rnce p�tviously in eftect, AI � COSt �
<br /> ' •. . �ubst�ntially eyuivulent to the cost to Borrower of the mortgage in.urance prcviously in eTfect, from an alternate mortgage
<br /> inxurcr approved by Lender. If subst;unially cquivalent mortgage insurance covrrage i.not availablc. Borrower shall pay to
<br /> , Lcndcr cach month a sum equat to one-twelfth of the yearly mortgage in�uranrc prcmium bcinF p•rid by Borrower when the
<br /> "`• insur•rnce coverage lapsed or ceased to be in effect. Lender will accept,u�c xnd retain the�e payments as a loss reserve in lieu
<br /> - +�` °� � of mortguge intiur,�nce. Lo.s reserve payments may no longer be required,at thr optinn of Leoder, if mortgage insurance
<br /> m'',N � .`,".,'`�r''C� • � F P�� q P Y� PP Y S
<br /> . e;.•.• .; . �• i cavcra e(in thc amount and for the nod that Lender rc uires) rovidcd b ►n in�urcr a roved U Lender a ain beromes -
<br /> �': �:.,:t��,, � � availahle and iti obtained.Borrower�hall pay the pmmiums reyuimd to maintain mon�uge in.urance in effect,or to provide a
<br /> • loss m+erve,until the reyuirement for mongage insurance ends in urcordance with any written asrcement between Borrower
<br /> �%-•-- � ;' ' nnd Lcnder or a I�cablc law. =
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<br /> � 9. Inspection. Lendcr or its agent may makc maxonablc entries upon und inspertiom of thc Property. Lender shall
<br /> .� r � . � '• ive Borrower notice at the time of or nor to an ins ction s cif in rea�unablr cuuse for the ins ction.
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<br /> �� . � .. 10. Cvndemnation. The prcx�eds of any uwatti or rlaim for dumages,dimrt or consequential,in connection with any �
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