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<br /> --� _ °- - � �,:;1uda tiwt i.e�r�guirca. Ttss fncu�casricr pravidtrt�t!�fnsw�tce s4w!!be cl:oxn by R�nawu wbja�w Y.aoder'c _
<br /> , nppmv�l which shail not t,e unre�wn�bly withhold, lf Borrower fiil�to m�inuln coven�e�lacdbed above.Lender nuy.u
<br /> l.eader�optioa.obt�in covera�e to protxt Lender'a dQhts in the Property in accordance with pr�a�ph 7.
<br /> I All insuru►ce policiea uid rcnewAls Rh�►II be acceptabk to Lender and�h�ll include�stAndud matg�ge ciau�e. l.eoder
<br /> . aholl have the ri$ht ro hald the policlea�nd rcnewds. If Lender reyuircs.Borrower shall pramptly�ive to Lxnde��ll receipts
<br /> of paid premiums and anew�l notica. In the event of lor�.Fkxt+ower sh�il�ive prompt t�otice w the imurance curkr and
<br /> l.ender. L.ender mey meke proof of lorx if ncu mAde pmmptly by Borrower.
<br /> - Unlesa Ix►klrr arKl Burruwer otl�►wise u�rae in writing,insurancc procccds shaft bc applied ro restocation or repalr of -
<br /> -�� ----, ii�i� t io�;Ry ���agz.�. if tf�r, r�stor�tiun or repats is tcanomicnlly feasiblc Rnd lenckrE x�u�iry ic nn lescened. If the
<br /> nstorAtion or repair is not ecunomically feasibk or Lenderl securiry would be leYCened. the insurance procads shall be
<br /> applied to the suma securcd by this Securiry Insuument,whether or not then due,with any excess paid to Borrower. If
<br /> Aomowcr ab�ndonc th�Property, or das not answer wlthin 30 duys a notice from l.cnder that thc insurance carrier h�s
<br /> offered to setNe u claim,thea Lender may collect the insurance proceeds. Lender may use the proceeds to rcpair or cestore
<br /> - - the Prnpeny or to pay sums secured by thts Security Incwment,whether or not then due. The 30�day period will begln when _
<br /> the nodce is given. •
<br /> Un(ess Lender and Borrower otherwise agree in writing.any�pplication of proceeds to pr3ncipnl shall r�ot extend or
<br /> postpone thc duc date of the monthly payments refetrcd to in parngraphs 1 and 2 or change the amount of thc paymcnts. If
<br /> under parugraph 21 the Property is acquired by Lendar, Borrowers right to any insuranca policios end proceeds resuiting
<br /> from damage to the Property prior to tt�e acquisition shail pass to Lender to the extent of the sums secured by this Sxurity
<br /> Instrument immediately pcior to the acquisitian.
<br /> 6. Occupancy. Preservation, MpintenAOCe and Protectfon ot the PropeKy; Borrower's Loon Application;
<br /> — `- LeasehaltlA. Borrower vhall�x:cupy.estAbiish,und use thc Pruperty:u Burruwer's princi}wl resldence wlthin sixry days after
<br /> - __ the execution af this Security lnstrument a��d shull continue to occupy the Property as Borrower's prinaipal resldence for at
<br /> - least one year after the dute of occupancy. unlas.s Lende� otherwlse agrces in writing, whioh consent shall not be
<br /> �'� utueasonably withheld,or unless extenuating circumstances exist which aue bsyand Borrower's cantroL Barrower shall not
<br /> destroy,damage or itnpair the Property,allow the Property to deteriorate,or cammit wuste on the Property. Borrower shall
<br /> be in default if uny forfeiture action ar praceeding.whether civil or criminal.is begun thut in Lender's good faith judgment
<br /> '�� could result in forfelture of the Property or otherwise materiaUy impair the lien created by this Security Inswment or
<br /> -r I,ender�s security interest. Borrower muy cure such a defAUlt and relnstute,as provided in parugraph 18,by causing the action
<br /> or proceeding to be dismissed with a ruling thut,in Lender c good faith determinution,precludes forfcitun of the Botrower�s __
<br /> -• interest in the Property or other material impairtnent of the lien created by this Security Instrument or Lender's security
<br /> interest. Borrower shail also be in default if Borrower, during the lonn applicntion pracess, gave materially false or
<br /> — inaccurate information or statements to Lender(or fuiled to provide Lender with any m�terial information)in connection with
<br /> _ � the loan evidenced by the Note, including, but not ltmited to, representations conceming Borrawer's accupancy of the
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<br /> - . Property as a principal recidence. If this Securiry lnstrument is on n leusehold,Borrower shall comply with ail the provisions
<br /> , � ��7i of the lease. If Borrower acyuims fee title to the Property,the leasehold und the tee title shail not morge unless L.ender agrees _
<br /> ��. �,�:� • to the merger in writing.
<br /> ' � 7. Protection of L.ender's Rights in the Property. If Borrowcr fails to perform the covenants and agreements
<br /> ,.� "� contained in this Sccurity Inswment. or there is a legul proceeding thut may significantly affect Lender'.s right� in the
<br />- ��•ti,
<br />_ .y4. Property(such a�:a proceeding in bankruptcy,probate,for condemnution or forfeitune or to e�nforce laws or regulstions),then
<br />�- ' L.ender muy do und pay for whatever is necessury to protect the value of the Property und Lender s rishtti in the Property.
<br /> ,r�+��+�t' Lender's uctions may includo puying uny sums secured by u lien which has priority aver this Security lnstrument,appearing
<br /> _ '�=r,'�,�.,`�i,�}�.?�, in court,payins rensonublc attomey.s'fees and entering on tho Property ro make repuirs,Atthnugh Lender may take action
<br /> - under this paragraph 7,Lender dces not huve ta do so. —
<br /> Any amounts disbur.,ed by Lender under thir:pnrugrnph Tshall tx:wme additianul debt of Borrower secured by this
<br /> " ,_ • Security Instrument. Unless Borcower and Lender ugrcc to other tcrtn�:of paymcnt,thetic amounte shall lxar intemst fram the
<br /> ���'� �.. date of disbursement at the Note rate und xhall bc: puyable,with intarest,upon notice from Lender to Borrower requestins
<br /> aia,q' e��;�fi r;,y.,"'b-)g�: payment.
<br /> �=�`��;;^:;�' `•� 8. MortgaRe Insurance. If Lender requimd mortguge insurance as a condition of making the loan secured by this
<br /> ���t�`.:' �^°i.+�j: .i� Securiry Instntment, Borrower shull puy the premiumti required to muintain thc mortgage insurance in effect. If, for any
<br /> � reason, the mortgage insurance c�veroge rcyuired by Lender lapses ar ceuses to be in effect, Borrower shall pay the
<br />- premiums required to obtain coveruge sub.tantiully eyuivulcnt to thv mortgage insur:mce previously in effect, at a cost
<br /> '� , � � -�•+ substantially equivalent to the coat to Bormwrr of thc rnortgugr intiuruncc pnviuusly in effcct,from un ultemate mortgage
<br /> ' !�� .:'�`•� � insumr upproved by Lender. If xubstuntially eyuivalent mortgagr in,urance coverugr is not avuiluble,Borrower shall pay to _
<br /> �� �`y�;;;;�:, � I.cnder eACh month u sum eyual to onc-twclfth of thc ycurty mo»gugc insuruncc premium bcing puid by Borrowcr when the =
<br /> insurunce coverage lupsed or ceased to be in effrct. Lender witl accept,u+r and retain these payments a�u loss reserve in lieu
<br /> �;., of mortgagc insur;urce. Loss rexcrve payments may no longcr tx reyuimd, at thc optiun uf Lender,if mortgage insurance
<br /> _, '�;' covernge(in the amount und for the pericxl that Lender reyuires)prc�vided by an inxurcr upproved by Lender again becomes
<br /> available and is obwined.fiorrowcr shall pay thr premiums reyuirrd tu maintain murtga��msurance in eFfect,or to provide a
<br /> - Yw,.%� loss rc,crve.until the rcquin�ment for mongagr in.uranrc cnds in arcurduncr with any written ugrcement between Borrower
<br /> - '��� and�ender or upplicublc luw.
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<br /> �__++�r:;� 9. Inspection. Lender or its agrnt may makc reasun:►bir rntries upon:md insprctions of thc Property. Lender shall -
<br /> �� give Borrower notice at the time of or prior to un inspection�{xcifying ita�onahle rau�c for the im}xction.
<br /> �'�'�''•� 10. Condemnation. Thc proceed�of uny uward or rlaim tiir damages,dircct or contieyuential,in connection with•rny
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