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<br /> periaix thut Lcnder rcyaic�cx. 7'hc insuraxe cacrier provlJin�thc insurancc shall bc chasen by Boaowcr r;ubJect t�Lenderk
<br /> - - -- = upproval which sfiaH not tsc unrca5unabfy withhcfd, lf tiarrawcrfuils ta maintain cover�3e dr..cr�bed abovs.Lensler mny,at �
<br /> Lender x uqion,aMtain covaru�a ro protect I.ender'�rights In the PropeRy in accordance with puagraph 1.
<br /> '- All insurwice palicies arrd rcnewAln shaU be �cceptuble to l.ender and shall include a standurd mongage cluuse. Lender
<br /> y ,tmN have the right to hutd the policies und renewals. If Lender rcquircs,Borrower shall promptly give to Lender all rcceiptc
<br /> .�;`���` � af paid premiumy and c�newc�l notices. In the event of lass,6ocrower shall give prampt notke to the insaru�re rarrier smd �
<br /> L.ender. L.endcr muy mukc proot of lo�s if nat mude pnomptly by Borrawer.
<br /> ,�'�. Untesx l.ender and Borrower Mhenvi�c agree in writing, jnsurance proceeds shall he applied to rcstoration or repair of
<br /> r, - ;- � - ti�c F=w��ty �iun�ugcd, if th� re�t�ration or rp::ir is cc�r,;,r.:c�lly fcasiblc und Lcndcry �curity i.r�ut Icsti.:�c:l. Df thc -
<br /> '.._ —�,��� r�starat�on ar�cpair i: not ecnnomica!!y fc�viblc or l.ender� securiry waild FK Icaccned, the insurance proceedti tihaU be =
<br /> �.:..�� upplied to the�ums K:cumd by this Security I�stn�ment, whether or not then due, with nny excesti paid to Borrower. !f
<br /> Borrower atwndons the Ht►pcny, or daes not answer within 30 d:rys u notice from l.ender thut the{nsurarrce currier has
<br /> _���,��;��� offered to�etde a claim.then Lrnder muy callect the inr�urance proceeds. Lender may use the prceeeds to repnir or restore
<br /> tt�e Property or to puy sumti secuted by this Security Instrumcnt.whether or no[then due. The 30-day period will begin when
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<br /> :'��°•'F'`'q'°� thenoticc ix given.
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<br /> _ _ ;�����,� Untess Lender und Eorrower aherwik agrce in writing.any upplication of proceeds to principal shall not extend or
<br /> postponc the duc d•rte of thc monthly payments referrcd to in para�raphs 1 and 2 ar change the umount of the payments. !f
<br /> � • under parugraph 2l the Praperty is acyuired by Lender. Borrower:s risht to any insurance policies :nd procecds resulting
<br /> �• h f'rom dumage to the Property prior ro the acquisition shall pass to Lender ro the extcnt of the sums secured by this Security r..�.�-
<br /> '7� ;`�` "•�' lnstniment immediutely prior to ihe pcquizition,
<br /> ---- ,. T.:
<br /> •-'��°?�` 6. Occupancy, Preservation, MAintenance and Protation ot the Property; Borrower's Loan Application;
<br /> � ��";. , Leasehotds. Bortower xhuil occupy,escablish,and use the Property as BoROwer's principal residence within sixty days after
<br /> '�°��•�=�r��•:'�� t6e execution of this Security Instrumeni and shall cominue tci occupy the Property us Borrower's principal residence for at � _
<br /> `'�- • lea�t one year after the dute of cecupancy, unle�s Lender atherwise agnees in writi�g, v+�hich consent shull nat be �
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<br />_ uncr:isonably withheld,or unlecc extenuating circumstunces exist which are beyond Borrower's control, Borrower shall not
<br /> � ` ��""�'• dcstro ,dumu e ar im a�r the Pro rt ,allow thc Pro rt to deteriorate,or cammit waste on thr Property. Berrower shall ��`
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<br /> ,;.�,.�;c,4z;,�:,,.e�iq, �� be in default if any fort'eiture action or proceeding,whether civil or c�minnl,is begun that in Lender's goad faith judgment
<br />� � • • :�:.y��.' could result in farfeiture of the Property or otherwise materially impair the lien cmated by this Security lnstrument ar
<br /> � '` " [.ender's securit Enterest. Borrower ma cure such a default und reinstate,as rovided in ara ra h 1 R,b causin the actian
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<br /> ;:,r�t�<., �:,�'�,;;�'Y,' , or p�ceeeding to be dismisxd with a ruling that, in Lender'.s gaod faith determination,precludes forfeiture af the Borrower's _
<br /> '°�"'`"" � ; , intcrest in the Property or other materiul impoirnient of the lien created by this Security Instrument ur Lender's security
<br /> •��• �� .r=' • interest. Borrower shull al�o be in defuult if Borrower,during the loan upplication pracess. gave materially false or ____
<br />-_ '' ;'. , inaccurate information or statemen4i ta Lender(or failed to provide Lender with any material information)in connectian with �
<br /> �!�� � ! the loan evideneed by the Note. including, but not limited to, representutions conceming Borrowerk occupuncy of the _
<br /> ' ,�u�+s',�„li i��.x ; Property as a principal residence. If ihis Security Instrument is on a teasehold,Borrower shall compty with ull the Qrovisians
<br />- - �t;,„ . � �f the 1en.s�. If i3orrower a.:yuiic�fee titie to ihe Pro�rty.Gtie teasehold and thc fcc titic sha!!nat merge ustless i.endes agrees
<br /> i tothe mergerin writing.
<br /> - � 7. Protection of I.ender's Rights in the Property. If Borrower fuils ta perform thc covenants and ngreements
<br /> ' � F � contained in this Security Instrument. or there is u legal proceeding that may significantly affect Lender's rights in the
<br /> •' . '`' � - � Propc:ny(such as a proceeding in bankruptcy,probate,for condemnation ot forfeiwre or to enfuree laws or regulations),then
<br /> Lcnder may do and pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property.
<br /> • • � • � Lenders actions may include paying any sums secured by a lien which has priority uver this Security Instrument,appearing
<br /> �� ' in court, r in reawnublc attame s'fees and enterin on the Pro rt to makc re ain.Althou h Lender ma take action �n'�
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<br /> ' ' �� under this par•rgraph 7,Lender da;s not huve to do so.
<br /> - fi,.3, ..._•. :,:,;� . Any amounts ditibuned by Lendrr under this p:uagraph 7 shall become udditional debt of Borrower secured by this
<br /> �-r Security Inctrument. Unless Borrower and Lcnder ag�ec to other terms of p•ryment,thesc amounts shull bc:tr intercst from the �£ �.1
<br /> � � . ���n dute of disbursemcnt at the Note rate and shull be payable,with interest,upon notice from Lender to Barrower requcsting E.��
<br /> , :. Puyment. � %�
<br />� ,,'�.�., ,�, .�,,:�,,,,. . 8. Mortgage Insurance, If Lender reyuired moctgage in�urance as a condition of making thc loan secured by this ���u
<br /> V �,{,. - Security Instrument, Borrower shall pay the premiums required to maintain the mortgage insurance in effect. [f, for any _._.�
<br /> ' ,. reason, the mortgage insurrnce cover•rge reyuired by Lendcr Inpzes or ceases to Ix in effect, Borrower shall pay the _
<br />_ � h' prcmiums required to obtain coverage substantiaUy eyuivalent to the mungage insurance previously in effect, at a cost
<br /> ..-. substantinlly eyuivulent to the cost to Borcower uf the mongage inrurance previously in effect, from an ultemate mortgage �..
<br />, h�:�•• -� insurer approved by Lender. If substantially eyuivatent mortg:�ge insurance coverage is not available,Borrower shal!pay to �
<br /> w •�"- . , Lender cach month a sum eyual to onc-twelfth uf the ycarly mongugc insuranrc premium bcin�*paid by Barrower when the _ __
<br /> - ` ' insurance coveragc lapsed or ceased ro be in rffect. Lender wi 11 accept,u�c und retain these pay�nentx as u loss reserve in lieu --
<br /> ' : ,z`?� �' ' � of mongnge insurancc. Loss reservc paymems may no longer be required.ut the option of Lender,if mortgagc insurance -
<br /> - . " �• coverage(in the amount and for the periad that Lender reyuires)provided by an intiurer approved by Lender again becomes
<br /> i�:x'�-� �`' uvailable aid is nhtained.Borrowcr shall pay the premiumx reyuired to m:+intain nwngage in,urance in effect,or to pravide a _
<br /> ,.j„ .. loss rexerve,umil the reyuirement for mortgage insurunce ends in uccordance with uny written agreement between Borrower -
<br /> � �' '.;s�" ,� and Lender or applicuble law. �•
<br /> �,� {' ���.... _. 9. Inspection. Lender or its agent m.iy make rcasonable entrics upon und impections of thc Property. Lender sh:�Q '
<br /> •, -�' ;` . , �ive Borcower noticc at the time of or prior to an inspection specifying rea.onable causr far the intipcction.
<br /> �L� .,.,�. ,,.,,,,;�_,.,� 10. Condemnution. The praceeds of any uward or clairn for damuges,direct or conseyuential, in connection with uny -"':'
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