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<br /> -- perioda th�t L.ender roqairca. The ine�ur�ce caaier providirt�the irwuranoe�iull bc ciw�en by Borrower wbject to Lender� .
<br /> approvnl which d►all not be wues�wn�bly withhald. lf Bornower fails to m�intain cover�e deecribed�bove.L.et�der may.u
<br /> Lender5�option,obuin covertge to p�otect Lender'�riYhts in the Pr+openy in accord�nce wlth piva�ph 7.
<br /> All Insuru�ce policiec atMi renew�ls shall be wcceptable to Lender and�hall includo a sundud mort�y�e cl�wce. L.ender
<br /> stiall have tha right to hold the policies�nd�+enewals. If Lender roquinc.Borrower sh�ll promply�ive to Lender all roceipti
<br /> of paid prcmiums and renew�l notkes. In the event of lo�,Bonnwer shail aive prompt notice w the in�u�nce c�rier�nd
<br /> �.._- -----� Len�kr. t�n�kr m�y mP4e�mx>f!+f!<.•s;f ruw m,wie�n�+tly by Arxmwer. __
<br /> Unicss Lendcr and Borrower othenvlse agroe in writing,insurance procads sh�ll be applied to rcstorntlon a rcprtir of
<br /> -- thc Prapeny dunaged, if thc nstoration ar repair ic economicnlly feasible and Lenderb security is not Iessened. If the
<br /> - restcxatlon or rcpair is not economieally feacible or Lender's secudty would be lessenod.the insuru�ce proeeeds shall be
<br /> - applicd to th�suma securcd by thls Security Instnunenti whether or not then due. with any excess paid to BoROwcr. If
<br /> Bomower abandans the Propeny.or does not answer within 30 days a notice from Lender that the insurance curier has
<br /> offercd to setde n cluim.ihen Lender mey cnllect the insur�tce procads. Lender may use the proceeds to repair or rcuon
<br /> -_. - __ _-T_—- tho property or to pay sum4 secund by this Securiry Instrument,whether or not then due. The 30-clay period wili 6egin when
<br /> tlw notice is givcn.
<br /> Unless Lender and BoROwer otherwise agrce in writing.uny application af procceds to principat shall �ot extend or
<br /> — postponc the dua date of the monthly payments refemed to In paregrophs 1 and 2 or change the amount of thc payments. If
<br /> undor parn�raph 2l the Property is acquirrd by Lender.Borcower�a dght to any insuronco policies and proceeds asulting
<br />---= from damuga to the Property prior to the acyuisition shall pus to Lender to the extcnt of the sums secured by this Sccurity
<br /> _ -- instrumant immediutcly prior to the acquisitlon.
<br /> .��._,'•• 6. Occupancy, Preservatioa, Maintenance and Protection ot the Property; Borrower's Lw�n ApplicAtbn;
<br /> I,tASeholds. Borrower shait occupy,establish,and use the Fr�rty us Burrower w priucipul restd�nce within sixty deys after -
<br />, , th�exa:ution of this Secudty Instrument and shall continue to accupy the Property as Borrower�s princlpal rcsidence for at
<br /> • 1 Ieast one ye�r after the date of occupancy. unless Lender otherwise agrees in writing, which conscnt shall not be
<br />- . W,, r�,,�; �..
<br /> :: ,:: unrea.aonably withheld,or unless extenuating circumstances exlst which are beyond Borrower's contml. Borrower shall not
<br /> � • �I,�,�,� destroy.damage or impair the Property,allow the Property to deteriorate,or cammit waste oa the Propecty. Borrower shall
<br /> •'�?'' �� be in default if any fodeiture action or proceeding,whether civil or criminAl,is begun that in l.ender's goa!faith judgment
<br /> .. �i.� ��l��i.'.���•�
<br /> _ , �, could result in forfeiture of the Properry or otherwise materially impnir the Ilen cmated by this Security Inswment or
<br /> !�: `T�' Lendcr's securiry inte�est. Borrowcr may cure such a default and ninstate,as provided in paragraph 18,by causing the action
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<br /> F.��.' or praceeding to 6e dismissed with a rullng that,in Lender's good faith detertnination.precludes forfeiture of the Bormwer's
<br /> Jk;:a'�ci.�i •.
<br /> ,,� ,r�'i interest in thc Property or othar material impairment of the lien created by this Security Insmiment or Lender's security
<br /> r '`"�`'� interest. Borrower shall also be in default !f Borrower, during the loan application process, gave materially false or
<br /> ���, .�fl••"'�•'Y Y•
<br /> :��r,.'!r �,-<::°�l Inaccurate informatian or statemenGc to Lender(or failed to provide Lender with any material information)in connection w[th
<br /> .±;�'•�ra�_ the loan evidenced by the Note. including, but not limited ta, representations conceming Borrower�s accupancy of the
<br /> � �• :R<-�!?;�. ' Property a,a principal residenca If this Securiry Inswment is on a teasehuld,Borrower shall comply with all the provisions
<br /> ''"��'-•' ?'°��� ' ' of the lease. If Botrower acquires fee tiQe to ihe Property,tha leasehold wnd the fea titic shall not merge unless Lender agrees
<br /> .. . ro the merger in writing.
<br /> • . � , -• 7. Protection of Lender's Rights in the Property. lf Borrower fails to perform the covenAnts and agreements
<br /> � contnined in this Security Instrument,or there is a Iesal proceeding that mny sig�ificantly affect Lender's righGs in the
<br /> � � Propeny(such us a praceeding in bankruptcy,probate,for condemnntion or forfelture or to enforce Inws or regulations),then
<br /> � " Lender may do and pay for whatever is necessary to protect the value of the Propeny and Lender's rights in the Property.
<br /> Lender's uctions may inciude paying any sums secured by u lien which has priority over this Security Instrument.�ppearing
<br /> in court,paying reusonable atromcys'fees and entering on the Property to make rcps�irs.Although Lender may takg actton
<br /> under this parugruph 7,i.ender does nat huve to do w.
<br /> e�� �, Any amounts disbur.ed by Lender under this paragraph 7 shail become additional debt of Borrower secumd by this
<br /> - . Security Inxtrument. Unless Borrowcr and Lender agrec to other tcrms of p•ryment,thesc umounts shall bear interest from the
<br /> �: �' ' dutc of disbursement ut the Note rate and shull be payuble,with interest,upon notice from Lender to Borrower requesting
<br /> ' payment.
<br /> � 8. MortgAge insurance. If Lender required mortgagc insuranre as a condition of ms�lcing the loa�secund by this
<br /> ! • • i. • Security Instrument,BoRawer shall pay the prcmiums reyuired lo maintain the mortgage insurance in effect. If,fOT ATty
<br /> _ reason, the mongage insurance coverage required by Lender lapses or ceases to be in effect, Bomower shall pay the
<br /> - prcmiums rcyuired to oblain coverage xubstantially equiv;�lent to the mortgage insurance previously in effect.at a cost
<br />: � .' � substantiully eyuivulent to the cost to Borrower of the moctgage inwurance previou�ly in effect,from an altemate mongage
<br /> • insurcr approved by Lender. if substantially equivulent mortgagc insurance coverage is not avuilable,Borrower shall pay to
<br /> �'�,;" • " Lendcr cach month u sum eyuul to onc•twclfth of the yc�rly mortgage insuranre prcmium being paid by Borrower when the
<br /> . insurance coverage Inpsed or ceased to be in effect. Lende�wil!accept,use und retain these payments as a lo�s reserve in lieu
<br /> . ��_..�` .���� of mortgage insurance. Loss rcserve payment�may no longer be requircd.at the option of Lender,if mortgage insurance
<br /> „ ....a'
<br /> ..� • � coverage(in thc amount•rnd for the period that Lender requires)provided by un insurer approved by Lender ngain becomes
<br />, " ��. .� • avuilable and is obtuined.Borrowcr shull p�y thc pmmiums required to maintuin mortguge insurance in effect,or to provide a
<br />- '� ' ,.„, loss resrrve,until the rcquirement for mortgage insurance ends in uccordance with any written agreemcnt between Borrower
<br />- �„�� � .� •x � '`' and Lender or applicabte law. �.
<br /> ��} . .1LZ�4 �� � 9. Inspection. Lender or its agcnt may m:►kc rosuonahlc entrics upon and inspections of the Property. Lender shall -
<br /> � +�,�;a;..;,�,� � give Borrower notice at the time of or prior to an in�pection specifying reasonublr causc for the iaspection.
<br /> ��•�•�--�•-�� 10. Condemnation� The praceeds of any award or claim for damages,din ct or conseyuentiul,in ronnection with any
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