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<br /> • periods that Lender rcyuires. Thc insurwrce cnrtier pmvlding tha insuronco nhall be ciwcen by Bortower Kubject to l.ender'�
<br /> appmvd which slwll not be unneasan�b�y withheld. If Borrower fril�ro mAintaLt coverugo describ�cf above.Lxnder m�yy,+u
<br /> Lenderk optbn,abcafn coverage to protect l.ende�I��iQht�in the F�ruperty in acccxdance with paragaph 7.
<br /> � "� All insurarice policies�nd rcnewals rhall be accep�able to Lender wx1�hall include a standutd mort�age ciause. Lender
<br /> ahall have tbe right ro hold tha policies and rceewal5. If L.ender ayuin�,9omc�wer shall promptly�ive to L,rndcr oll roceipt�
<br /> of pnid premiums and renewal naices. In�he evem ot loss.Bomawer sh�ll�ive prompt noUca w the in�wrance c�rkr md
<br /> ,� Lender. Lender mAy meke pmof of ioss if not ntade pramplly by Bortower.
<br /> --�=---_- Unicss l.cnd+:r su�d Borrowcr othcrwise ugtee in writing,insurence praceecta ahall be upplied to restoration or Rpair of
<br /> �he ptoperty damA�ed. if ihe restoration or rcpafr is economically feu.cible and Lenderk secwily is not lessened. If�he
<br /> resto�etion or repa�r is not exonomicoliy fea�ible or Let�der§ xecurfty would be lessenod. the insurance procad.g ehall be
<br /> --= applied to the awns secured by tliis Security lnstrument. whethor ar aa then due.with any exces.s paid to Bortawer. lf
<br /> Bwrowcr abandons�hc Property.or does aot answer within i0 days n notice fram L.ender that ihe insuwrcc cortier has
<br /> offered to senle a claim,chen l.ender may collect the lnsuronce proceed�. Lender may usc the proceeds to repair ar restore
<br /> "`"� the Property or ta pay swns securod by�his Securiry lnstrunnent.whethcr or not then due. Thc 30-day period will be�in when
<br /> - , _ -°—_'� the noti��c is given.
<br /> Unkrs Lender ond Bom►wer aherwise agrec in writing, any +�pplication of proceeds to principal shell not eatend or
<br /> - postpone thc due date of thc monthly payments rcferred to in paragraphs I and 2 or cbange thc amount of the payments. If
<br /> - -� uoder paragraph 21 the Rvperty Is acquired by Lender, Bormwer's right to c+ny insuronce pulicies and procads rcsulting
<br /> ,�� from damage to the R+opeRy prior to the acqui�ilion shall pass w I..ender Io the extent of the sums secured by this Security
<br /> -._ lnsdument lmmediately priar to the ecquisition.
<br /> 6, pecup��cy, Pn5lryp�jpp. MpIOIlOYIIC! aad Protect� ot the Property; Borrower's Loao Applk�nttoni
<br /> ��= I.ease6olds. Borrower shall cecupy.establish,nnd use the Property as Borrower�s principal residence within sixty days after
<br /> the execution of this Security Insuurr�ent and shull conbnue to occupy the Prvpedy ax Borrawer a principal rosidence for at
<br /> ::;;'. least one year after the date of accupancy. unless Lender aherwise s�mes un writing, which consent shall not be
<br /> - -�-� :;;� unreasonably withheld,ar unles.s extenuating circumstences exisl which iur beya�d Borrower's cantrol. HacvW'er shall not
<br /> ---���°��`2�:'.''� destmy,damuge or impai�the Property,a11ow the Pr+nperty to d�:teriornte,or�c,mmU waste on the Property. Bmuwer shall
<br /> - -�="'=�;±� be in default if any forfeiture actioo or proceeding,whether civil or cdmin�l,is begun tbat in Lender's good fi+ith,�►dgment
<br /> ������"�;,. ,
<br /> - ��;;t� could reselt in forfeiture af�he Rape�sy or othervvise materially impair Ihe lien created by this 5ecurity Inswment or
<br /> ����--�� Lenderk security lnterest. Bomawer may cure such a defAUlt and rems�ate,as pravided in paragrnph 18.by cuusing the action
<br /> �:1.�I�
<br /> - =-�":.�H or proceedin�w be dismissed with a ruling that,in Lender's gaod faith determinatian,prccludes forfeiture af il�e Borrower's -
<br /> -�R��� incercst in Ihe Proputy ar ather rrwteriol impainnent of the lien created by [his Security Insuumen[or Lender's security
<br /> ..�,Y;;�• interest. 8anrower shall also be in dePault if Borrower,durin�a the lown applicntion process, guve mAterially false or
<br /> ��"_�=°"�" inaccurate info�motion or statementa to Lender(or failed to provlde Lender with any material infiWmation)in connection wich
<br /> - _...._,_,�,,,
<br /> _ --- .:.,,i■ the loan evidenced by ihe Nate, including. but not limited to, representations conceming Horrower's occupancy of the
<br /> - Ju� P�r+���ty ac a principal residence. If this Security Inadument is on a leasehold,Horrower shall comply with ail the provision.9
<br /> -=:=:�x�i..: of ti�e lease. If Bor�ower acquires fee dtle ta the Prapeny,the leusehold and the fec ade ahall not mcrge unles.v i.encier a�ees
<br /> %;�FiiilS::,..i���xi,,,. . to the merger in wriling.
<br /> �" �+����'' 7. Protectbn of'I.ender's Ri�hts in the Property. if Bonower inils to pedorm the covenents and agreements
<br /> ��r�,.�'
<br /> �p,,��,.�, `T?`� canained ln thia Security Invuumen�,or lhere is a legal proceeding that mt�y sigmfica�tly affect I.ender's righrs in the
<br /> :`�1';,;`.': P�perty(such es a proceeding in bankruptcy,probate,far condemnation ar farfeituce ar ro enfarce luws or regulations).Ihen
<br /> '� ��' l.ender moy do and pay ior whatever is necessory�o protect the value of the Property and Lender's• dghts in the P�upeny. --
<br /> — yn _
<br /> _--- ..,,�:,:::.:_ Lender's actions muy includc paying any sums secured by a licn which has priority over this Security Inswment.appearing
<br /> V � °: in court,paying reasonable ottorneys'feex and entering on the Propeny to make repairs.Although Lender may take xtion
<br />-� `����� �� '�' � under this paragraph 7,Lender daes not hAVe to do so.
<br /> �s� .°_
<br /> _��,: Any amoums disbursed by Lender under Ihis parngraph 7 shall become addi�ional debt of Borrower se.cured by this
<br /> _-:� '` Securiry lnstrument. Unless 8orrower and Lender ugrcc to other terms of pnyment,these amounts shall bear interest from the
<br /> •»:�,.
<br /> `�' date of disbursement at 1he Note mte and shall be puynble,with ia�erest,upon notice from l.ender to Bwrower rcquesting _
<br /> . � � payment. -
<br /> ° '�'���" � � S. Mo e Insurance. If Lender re uired mort a e insuronce as u condition of making the loan secured by this
<br /> _`y,�.���.,_:�..::.; . . �� 9 6�
<br /> •;,�''�?,8�-9;_'�' Security Instrumenb Borrower sha11 pay the premium. required to muintain the mongage insurance in eifect. (f,for any
<br /> _ ' ��'�;i�,� . reason, the mortgnge insurance covernge reyuired by Lender lapses or ceases to be in effect, Bomower shall pay the
<br /> _== ' � `k'°' premiums required to obtt+in coverage substunti�lly equivalenl�o the mongage insurrnce previously in effect, at a rnst -
<br />�-`�- -`` �� substanually equivulent to the cosl to Borrower of the mongAgs insurunce previously in effect,from an altenwte mortgage
<br /> ; ;..; insurer npproved by Lender. ]f xubstantially equivalent mongage in.r•uwue cover�ge is not available.Bormwer shall pay to
<br /> `�': .�. u��'"' � Lender euch month n sum equal to one•twclfth of the yeurly mong:�ge insurance poemium being paid by Borrowe�whe�ihe
<br />_;^',",�,;' a�•;;"M- insurnnce covemge lapsed or cea�ed ta be in effect. Lender will accept,use smd mtain Ihexe paymcnts as a loss reserve in lieu
<br /> .,. �
<br /> tJ� � s,: of matgage insurance. Loss re�en•e puyments muy no longer be required,at the aption of Lender, if mortgage insw�nce
<br />`°�`� �°;'� . coverage(in the amount w►d Por the period thnt Lender reyuirex►prov�ded by an in�urer upproved by Lender ags�in becomes
<br /> '� "•" ' ,�}�;;;,;; ; evailable�nd is obtuined.Bartower shull pay the premiums reyuired to maintain mortgage insurcmce in effi��t,ur to provide A _
<br /> - '�:° t:�� loss reserve,until the requirement for mongug�inxuran�e enda in uccordunce with any written agreement between Borrower _
<br /> � %'�°a.'. and Lender or npplicgble law. _
<br /> � '�:'��� 9. Inspection. Lender or its agent m•ry m•rkc rea.onablr entriex upon and inspection+uf�he Propeny. Lender shnll
<br /> ����w, *.._�'• give Burrower notice at ihe time of or prior to an impection.�ciPyin�rea+onuhle cau,r for�he impection.
<br /> . .. la, (;ondemoatiqp, 71ie procred,of:my swarJ ar claim for d�muge+,direct or cimkyuenti•rl,m ronnection with�ny
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