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<br /> perlo�Ih�t la�der requi�ei. Ti�iroutance curler providin�the insurnnce�h�ll bo chosen by 13ortower subJect w Lenderk
<br /> •ppmv�l which�iuill not be unneason461y wllhheld. if Barower f�ils to maintain cavcmgc described above.Lender may,wt
<br /> L.enderY option.obtaln coverage tn protect Lender'�vights ln the Property io eccord�x with paraga►ph 7.
<br /> All insurance policies ond renewalx shall bc acceptable to l.ender and ahall includc a stondard mortgege slnuce. Lender
<br /> � shdl luna the right to hold�he policie4�nd rcnewpls. 1f I..ender requires,Borrower shall promptly give to L.cnder a!I rcceipuc
<br /> -- '�° of peld premiums ond rcnewal notices. !n the event of losa,Borrower shall Qive prompt notico to�ho inaurance cArrl�r ond
<br /> _._— --- L.ender. C.ende�m�y nwlce proof of loss iP aot made promptly by Borrower.
<br /> _�------ - - -=_:, Unlcss Lcnder end Bortnwer aherwisc agree in wrl�ing,insurance procecds shall be upplied to restom�ion or repair of _
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<br /> � — the I'rapeAy dam�ged, [f the restoration or repair is econamkally feasibk and L.ender�s cecurity is not lessened. !f the
<br /> �� reatoration or repair is na economically feasiblc or Lenderk security would bc lessened,the insurance proceeds shall{x
<br /> � applied to the sums secured by this Secu�ity lnstrument,w6ether or nat lhen due,with any excess Nuid to 8orrower. If
<br /> -- Homower abandona the Pruperty, or das not anawer within 30 days u notice fmm l.ender that the insurnncc carrier hax
<br /> '�� offe�ed to senle a claim. then Lender may collect�he insuratca proceeds. Lender muy use the proceedv to repuir or rextor+e =
<br /> — the Property or to pay auma secured by this Security Insdvment,whether or not then due. 71ie 30-dny pedod will 6egin when
<br /> - �_-_-:_—m,,,r„s the notice is given. —
<br /> _ --���= Unless Lender and Borrower othenvise agree in writing,ony upplicatlon of praceeds to principal xhull nat eatend or
<br /> �� postpone the due date of the monthly payments referred to in porngraphs 1 und 2 or change the umount of the paymenGC. If
<br /> —�'�'�.'?:;,.; under paragraph 2l the Properry is acquired by Lendar. Sorrower's rlght to Any insurance palicies und proceedx resulting
<br />•.--��+�� from damage to tiic Prope�ty p�iae to the acquisition xhall pacs to Lender to the extent of Ihe sums secured by Ibls Security
<br /> _ '^�'����i��:'�':���� inatn�ment immediately prior to the acquisition. —
<br /> '`� „�'� 6, Occupancy� Preservation, MaiMeoAnce and Protectton oP the PropeMy; Borrower's Loaa ApplicaUan;
<br /> � � l.ensebolda. Bortawer shdl occupy,eatabllsh,and use the Property a,�Borrowerk principAl residence wUhin sixty days after
<br /> r�_.�,�,j�u;;;.�,Fhv.. Ihe exe�:u�iun of thia Security Instrument and shall continue ro occupy the Property us Bormwerg principul residence for at �
<br />' least one year after ihe date of accupuncy, unless Lender otherwise ABfC�S in writing, which consent shall not bc
<br /> ;�;;,ri•.;;;::' unreasonably withheld,or unless extenuating circumslunces eaist which am beyond Borrower'.e comrol. Borrower shall not
<br /> ,r,��c � . r.�:^;;:�.;�,,.:..' destroy,dnmege or impair Ihe Aroperty,ullow the Propeny�o deteriornte,or commit waste an�he Property. Borrower shuU �
<br /> �x;�TM;� • • be in defAUlt if any forfeiwre action or proceeding,whether civil or criminal,is begun tt�ut in Lender�good fuith judgment
<br /> d� ;,._ : �..,, . could result in forFeilure of the Properly or othenvise muterially impuir thc lien creuted by this Secur�ty Inxlrument or
<br /> „;��„��;�,y r Lender�secu�ity interest. Borrower muy cure such u defnult and reinslate.as provided in paragruph I R,by causing the ac�ion
<br /> ' or praceeding to 6e di�missed with u ruling ihat,in Lenderk good fai�h detenninatiun,precludes fo�feiture of�he Borrower�
<br /> h •;; �-••�•� • � R: interest in the P�npeny or other material impnimient of the lien crcAted by this Security Instniment or l.enders security
<br /> , interest. Borrower shall also be in defuult if Borrower, during the loan applicu�ion process, gnve muteriuliy fal�e or
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<br /> "��'4r'�'�;'`� inaccurate information or statements to i.ender(or fniled to provide Lender with any material infornation)in connection with
<br />• ��'••�=`f+`�a�`��,' the loan evidenced by the Note, including, bu� not limited lo. repmsentutions conceming Barrowerk occupuncy oi the _
<br /> � "�'''' ''� � ''� Propetty as n princfpul�sidence. If this Security Inxtrument is on u leoxehold,Borrower shAll comply�vith ull the provisions
<br /> °��i' "'�.�.����� of the lease. If eomower Acquires tec t�tle to the i'mperty,ti�c ieasehoid ond the ice tilie xhaii nut merge uulr��La�i�j agrc�s
<br /> �. .:::=r�"�;.�.:;;'..`:�; to the merger in writing.
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<br /> , ,�,w�.;_�"' 7. Protectbn of Lender'ss Rights in the Properly. !f Borrowcr fuils to perform the covennms And ngreementz
<br /> "��"!t�� `.,, contained in this Securiry Instrument,or there is u MRuI proceeding thAt muy significantly nffect Lender's rlRhts in the
<br /> , �:�,;,n::�:r.•.� "Y Propeny(such us u prac.�ding in bankruptcy,probate,fur comlemnation or fort'eitur+e or to enforce luws ur regulntlans),�hen
<br /> ���i�a..• -•.��;�•�•-��. L.ender mny do and pay far whulever is necessnry to pro�ect the vulue of thc Propeny und LenderE rights in�hc Propcny.
<br /> �°�•''��` � � ��r�-'�� Lender's uctions mu include u lo un wums xecured b u lien which hu+ riorit over this Securit In+trument.a arin
<br /> . a •� . Y P Y B Y• Y P Y Y pP� 8 �,
<br /> . . �� in court. puying reusonable uttameyx'feeti and entering on the Property ta muke mpuin. Although Lender may take action --
<br /> .':.:: :� .�,��,�`- under this paragraph 7,L.ender daes not hc►ve to do so.
<br /> ,,,,�,»••.u 4� �;p._.;: Any amounts disbuned by Lender under this parugruph 7 +hull become udditionul debt of'Horrawer secured by thix
<br /> �� 'r•� '' • Securit Ingtrument. Unlexs Borrower and l.ender u me�o o�hcr tenn,nf u mcnt,thesc umounts xhull benr in�erezt from the
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<br /> ,- �- ;�;-:._ . �:di�s� ' dute of di�+bursemem ut �hc Notc rntc and shnll bc puyuhlc,with interext.upon nrnice tram Lender ro Borrower reques�ing
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<br /> . j�y.r�_�;t�;e: ., , payment.
<br />- .�M�•-:'. • ' 8. Mortgaqe lasumnce. If Lender required mongage inxurunce ux u canditi�►n��f moking the losm securcd by tbis
<br /> � cy;�,�:���� a•• Secu�lty Instrument, Borrowcr shull puy the premium� rcyuired to maintuin �he mnngugc imuruncc in efCcct. If, for any
<br /> '����i+,r;;;;,. . ,.,,_ �• reuson, the mortgnge inxurunce covcrnge required hy Lender lup�cs or ccuxc, tu bc in cffecl. Bnrrowcr shull pay the
<br /> ,r���;�Y,,;.•..„�.,..,,;.i,, premiuma reyuired to obtain wvcruge xubxtuntiully eyuivalrnt �o the mortgugc in�urancr pn:viously in effect, ut u cow
<br /> - ' � ,�,, subswntinlly equivulem to thc cost w Borrowrr of�hc mun�;nge in,unmce pn:viously in cft'ect,from un uUemutc mortguge —
<br /> t• ' '°`'•��'•��""" � insurer Approved by Lender. If�ubxtunliully cyuivnlent morigu�e inxumnce cuveruge ix not uvailuble.Borrower shall pay to
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<br /> -.'°r � ,• � Lender each mon�h u�um equul to onc-twclfth of thc yrarly m�rtguge insurance premium bcing p,�id by Borrower when the
<br />-:\ �''�-vb,<. ,„ , ,� �. insuronce coveruge lupsed or ceuscd ta be in effec�. Lender will uccept,u�unJ rctuin Ihc�e payments as u loss reserve in lieu
<br /> �� --�,.:W�-;�;'• .. ,.;�• of mortgage insurance. Losx reserve paymentx muy no longer be reyuireJ,ut thc�iMion uf Lender, if mongage insurnnce
<br /> '. .,, _ coverage(in the umnunt and far the period thnt Lender reyuimsl provided by an insurcr appmved by Lender uguin becames
<br /> - _ ' ' �� uvailable und is obtnined.Borrower xhull pay the premiums myuircd w muintain monguge insuronce in effect,ar to provide a
<br />•- —�""� '•.� �" loss reserve,until the reyuirement for mortgage inzurancc endx in uccordancc wi�h uny written agreement between Borrower
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<br /> 1� : ,. and Lender or upplicuble law.
<br /> �_��• "�:��� � �- 9. Inspectbn. Lender or ilx ugent may muke reuxonublc entricti upon und inspectians of the Property. Lender shall 4
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<br /> �,�:_ar���-.;.u;:�,•, �ive Borrower notice at thc time of or prior to an inspectian specifying reuxunuble cauxe for�he inxpection.
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<br /> �== — lA. Condemnotbn� The pr�xeeds of any nward or rlaim for Jamuges,direct or conxcyuenlial,in rnnnection with uny
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