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<br />-- periudti thut Lendcr rr,yuire+r. Ti�e Iu�u�w+u. ::aiili:i pr�vldlog the intiu��nce sh�tl be chosen by Borrower Yubjc�:t to Lender�+
<br /> npproval which YhAll rwt be unn�sonably withheld. If Barower fdls to m�intain coverA�e deicdbed rbove,Lender may,�t
<br /> Lender's option.obtnin caverage to protect Lender's d�hta in the Propeny ln accordence with puragrnph 7.
<br /> All innurnnco policies and nnew�ls shall be acceplabte to L.ender And shAll include a standard maRgage clanse. Lender
<br /> r shall have thc rIght ro hold thc policics and renewals. If I.endcr rcqufres,Borrowcr shall promptly give ta Lr.nder ull receipts
<br /> of pnid prcmiums and mnewal notices. In the event of loss,Borrower shull give prompt natice to the imurance currier md
<br /> �, Lendcr. Lendcr may make proof of loss if not made}xamptly by Borrower.
<br /> :. �'-"'-'"""""-""""-' Unles�I.ender m�d fivauwu uu�rrwise�grtY:in writing,insurnnce prnceeds shali be applied to reston+tion ur�cpui��; °
<br /> -_,.- -- - tha Fru�Yy darr�age�. ��u� �esi�.atio�� �� rc�.:.ir is economically feasible and Lender's secnrity is not lessened. If titc -
<br /> ___.-- restoration or mpair is not ecortomically feasible or Lender's security would be lessencd.the insurunce praceeds shull be
<br /> - _—=------- applied to the sums secured by this Secu�ity Instrument, whether or not ther. due, with any exccss paid to Borrower. If
<br /> Borrowcr ubandons the Property,or dces not answer within 30 days a notice from Ixndcr that the insurance carrier has
<br /> -- offered to settle a claim,then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br /> �"�� the Pruperty or to pay sums secured by this Security Instrument,wt�ether or not then due. The 30-duy period will begin wlun
<br /> , the notice is given.
<br /> �'�.� Unless Lender and Borrower otherwise agree in writing,any application of praceeds ta principal shal!not extend��r
<br /> _;_� �� � postpone the due date of the monthly puym.:nu refarred to in paragraphs 1 and 2 or change the nmount of the payments. If —
<br /> � .• ;� '¢;�,�;',t� " under paragruph 21 the Property is acquired by Lender,Borrower's dght to any insurnnce palicies und proceeds resulting
<br /> fmm dam�ge ta the Property prior to the acquisition shall pasc to[.ender to the extent of the sums secured by this Security
<br />���"' �w.�;?�"� Instrument immediately prior to the acquisition c
<br /> 6. Occupancy, Preservation, M�intenance and Protect(on of the Property; Borrower's Loan Application;
<br />- ��•` ,; ,„�j�,,,, I.es�eholdF. Borrower shall occupy,establish,and use the Properry us Borrower's principul residence within sixty days aftrr
<br /> ��'� the execution of this Security Instrument and shull continue to occupy the Propeny us Borrower's principu{ rtsidence for at °_
<br /> �-�. � r teosc ane yenr nfter the date of occupancy, unless Lender otherwise •rgrcey in writing, which contirnt �hull not t+e
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<br /> ��.::`. unreusonpbly withheid,ar unless exrenuuting eircumstances exist whieh are beyond Borrower:rc►ntral. BoROwer+hull nc�t
<br /> " F ;� destroy,dumage or impair the Ptoperty,allow the Praperty to dcteriorute,ar cc+mmit wutitr on thc F'ru�xrty. Barrower�hull
<br /> �;<<;���'h�,r 1=�•+? bc in dcfault if any forfciturc uction�x prarcding,whethcr civil or criminul,i.bc�un thut in Lcndcr:��xxl faith JuJgnknt
<br /> �t ` could re�ult in forfriturc af the Pro�xrty ur othcrwisc muteriuUy impafr thr licn cnuted My thi. ticcurity In+trunxnt ur __
<br /> , ��^�t.;;•�,� z.:• �.�-� Lcndcr's`ccurity intcrest. HnRUwcr muy curc,uch u JcfauU und nin�tutc,u.praviikd in purugruph Itt,by cuu.inu dic cktion
<br /> ��` �. ' � or p►xxeeding tu lk dismi�scd with u ruliny thut,in Lender+��xxi fuith detcnninution,prccludc�ti►rtenurc uf thc Horruwcr:
<br /> ��'�� intcrc,t in thc Property or rnh�r matcriul impuirnum of thr Ucn cmutcd by thi. tirrurity In�trumcnt or l.rndrr. +ccurity
<br /> �Y��.�. • ' imcrc,t. Borrower �hull ul�o hc in dcfuult if Borrowrr, during thc I�►un upplicuti�Hi pr�xc.., guvc m:�tcriully fulsc or
<br />- .;.._. . •
<br /> �'r';;.;'�'. inuccurate inf�rmution or titutementn ta I.enJer t��r fuiled to pruvidr Lender with uny muteriul infiimtution)in cannection with
<br />� ••�' � the laan evidenced by the Nnee, including, twt nat limited to, rcprcsentutions conrerning Borrawer� occupancy of the
<br /> . ti'�%���-�'�%-�� :•-�•.��- Am�x:ny a.u Qrinctpa!residence. If this Security Instrument is an a leusehnld,Borrower tihall comply with uil the prrnisian.
<br /> �''�"� ' of tbe Icasc. If Bonower acyuirex fec titic to thc Property,the leasehold and the fee titic shull not merge unlesx Lender ugreeti
<br /> :'� � to the m��rgcr in writing.
<br /> ' 7. Protecdon of l.ender's Righ�s in the Property. If Borrower fails to Qerform the covenants and :�greemencs
<br /> contained in this Sccurity Inxtrument, or there is u Iegal praceeding that may significantly affect Lender's rights in the
<br /> . ' . Aropeny(such as u procecdin6 in bunkruptcy,probate,for condemnation ar forfeiture or to enforce lnws or regulations),then
<br /> „ � � Lcnder muy do and pay for whutever is oecessary to protect the value of the Property and Lender's•rights in the Propeny.
<br /> ' � i_ Lender's actions muy include puying any sums secured by u lien which has priority over thix Security Instrument,appearing `_
<br /> , in court, paying rcasonnblc attomeys'fees and entering on the Property to ms+ke repairs. Although Lender may take action
<br /> ^'�'���''' ��^ under this puragraph 7,Lender does not hnve to do so. -
<br />'— �!+�^�'��°�x Any umountc disbuned by Lender under this paragraph 7 shall become additional debt of Bortawer secured by this `
<br />= - ' ' � .� Security Instrumcnt. Unless Borrower and Lender agree to ather terms af payment,these umount�shall bear imerest fram the _`
<br /> A'y� ; � dntc of dizbunement at the Note rute and shall be payable,with interest,upon notice from Lender to Borrower mquesting
<br />.•• • • , � , pnymcnt.
<br /> ' � .• '� ' 8. Mort�age Insurance. If Lender required mongage insurance AS u condition of making the loan secured by this
<br /> ',� F ,`� �� Security instrument, Borrower shall pay the premiums required to maintain the mortgage insurance in effect. [f,for any
<br /> � rearon, the mortgAge insurance coverage required by Lender lapses or ceases to be in effect. Borrower shall puy the
<br /> � ,••� ``! . � prcmiums reyuired to obtain coverage subsGu�tially eyuivulent to the mortguge insurance previously in effect, at u cost
<br /> � �•�r subrtantiully eyuivalent to the cost to Borrower of the mortguge insur�nce previou�ly in effect,from un ultemate mortsage
<br /> � insurer upprovcd by Lende�. If substunti;+lly cyuivaicnt mortguge insurance coverage is not�vailable.Borcower shull pay to '
<br />_ �.;w"•. . �ender�uch munth u sum eyual to one-twelfth of the yearly mortgage insurance pmmium being paid by Borrower when the -
<br /> �..�. � . ' insurance coverage lupsed or ceased to be in effect. Lender will accept,use and rerrin thrse payments as a loss reserve in lieu
<br /> �T"'� �;".�.�'-� � "� of mon a � insurancc. Loss rescrvc a ments ma no lon ar be re uired,at the o tion of Lender,if mort a e insurance
<br /> ' � F' P'Y Y 8 4 P 8S
<br />_w�� �. � coverage(in the amount snd for the period that Lendcr rcyuires)provided by nn insurer approvcd by Lender again becomes =
<br /> � �•� ' uvniluble and is obtuined.Borrowcr shal!pay the premiums requircd to maintain mort�age insurance in cffect,or to provide a '�
<br /> 4h• � .�'•�.:-�:.�:: : loss reserve,until the re uimment for mort a e in�uranre ends in accordance with an written a reement between Borrower
<br /> �r+ '.� . 9 B R Y S —
<br /> #r.t�ti. ,.�, .� •� '� , and Lender or applicahle luw. �`
<br /> �„ ���y��� 9. ins ection. Lender or its a ent ma make rcusonable entries u n und in, ctiom uf the Pro rt Lender shull °
<br />_�_ Ns�rx�.. ,...; ._ P R Y P� F� F� Y• --
<br /> � ��i:, give Borrower notice ut thr time of or prior to an inspection specifying reasonable causr for the inspectian. __
<br /> �� `��'=�"a ` :����� l0. Condemnation. The procecdx of any award or claim for damages,direct or conxeyuential,in connection with any __
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