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<br /> periala thn Lender requires. 'llx insurimce currier providin�thc in�ur+uxe tihw��b�chosen by Bormwcr Kubject tn Ixnderti
<br /> approval which rhall not be unrc�sonably withheld. If&xrowe�fuila to maintafn covernge denccibed wbove�Lxnder muy.At
<br /> LendecS option,abtain coverage to pmtect L.ender x righiK in the PropertY In accurdance with pxc�S�Ph�• e clau�e. I.enckr
<br /> All insurAnce policies and rcnewalx chall be ucceptrb�e 1a l.ender und shull include pstan��d m��+����r all roceiptu
<br /> shall havc the right to hold thc policies und renewals. If L.ender ccyuim+.Bum�wcr xhull mm ly�
<br /> of p�id premiums and anewal notices. In the cvent of loxn,BcNmwer sholl�fve prompt notice to the insurunce cwrkr�nd
<br /> ----_--�—_—� Lende�r, I.ender may make proof of loss iinot mada prom�►�Y by Aorrnwer.
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<br /> — Unless Lender and Horrower dherwise agree in wriUng.mzurwnr pr�xccd�shall bc apP�ied to rcctcx�►tion ar repa r u ___
<br /> the property dumuged, if ths rcstaration or repair is economic�lly fe�.tiibte and LenderE srcurity is ncx Ie,sened. If tlx:
<br /> �� restoration or repair is not economicully feavibie ar L.ender.l• �ecuriry would be lessened, the insurance praceed� �hall be
<br /> applied to the sums securcd by t6is Security Instrument.whether or not then duc, with any excezs puid to Borrower. If
<br /> Bomawer abandons the Propeny. or das not answer within 30 duys u notice from I.ender ihat the insurunce carrier hati
<br /> __ � oFfered to scttle u cloim,then l.ender may collect the insuranre pmceeds. Lender may usc the praecd�to repair ur resturc
<br /> ---------___— thc Propeny or to pay xums secured by this Security Insuument,wtu:th�:r or not then due. The 30�d•ry period will begin whcn -
<br /> - '� the notice is given.
<br /> Unless Lender und Borrower othernise agree in writing,any applicution of proceeds to princip•rl shull not extend or
<br /> V ^ Y postpone the due date of the monthly pryments refecred to ln puragcaphx 1 unJ 2 or changc the umount of the payments. If —
<br /> �"�`"—`_`'°—"'"� under perrgraph 21 the Property is ncquired by Lender. Borrowect right to any insurance policies and proceeds resulting
<br /> �� rior to the ac uisition shnll pass ro Lender to the eztent of the sums secured by this Security
<br /> . -_ -- ° from damage to the Ptnperty p 9
<br /> Instrument immediately prior!o the acquisition.
<br /> ' 6. Occupancy� Preservation, MaintenAnce and Protection ot the Property; Borrower's Loan Application;
<br /> L,e�.seholds. Borcower shall occupy,establish, and use ehe P�roperty as Horrower's priacipul residence within sixry days after
<br />-� �t ��;;�,,,;��.: I� the execution af this Secur�ty Instrument and shall continue to occupy the Property as t�o►'�°Wwhieh consent Sshall natrbe
<br /> ` '�"''':-=='•` least one yenr ufter the date of occupancy, unless Lender otherwise asrces in writins,
<br /> �� � ', ��' unreasonably withheld,or unletis extenuati�g circum�tances exist whirh are beyond Borrower's control. Borrower shull not —�
<br /> '��;`•.,r_.;�,y� � `� destroy,dnmoge or impair the Property,allow the Property to dcteriarate,or commit wa,tr,on the Property. Barmwe��hull
<br /> .. .�i�`� be in default if any fodeuure action or pr«:eeding,whether civil or criminal,is begun that in Lender's gaod fuith judgment
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<br /> R .F,..,�;.,,�,:,•,.;.;•,�• could result in forfeiture of the Property or otherwixe matecially impuir the lien creuted by thix Securiry Instrument or —
<br /> �""'"� ' ` '�' Lender's r,ecurity interest. Borrowcr may curc such u defuult und reinswtc,as provided in paragraph 1 A,by causing thc uction
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<br /> „ . or praceeciing to be dismissed with a rulin�;thut,in Lender's saxi fuith determination,precludes forfeiture of the Borrower s
<br /> " � �,>.'� interest in the Propercy or other matcriul imp�irtncnt oY the licn rmatcd by this Secunty Instrumcnt �r Lender's security
<br /> . ���a�w�'.:,::� , � interest. Borrower shall also be in defnult if Borcowcr, during the loan application process. guve materiully fulsc or
<br /> inaccurate information or stotements to Lender(or failed to provide Lender with:u►y mnterial informatian)in connection with
<br /> __.��:ii'�s`i�,c:.,-�r%,=.; the lonn evid�nced by the lvote, incluiiiug,1��� .:3t �:::::=a ,�. mpm�r+,���rinnc r�ncernine Borrower's nccupancy of the __
<br /> • . Praperty ns u priacipui residence. if thi�Srcurity 1 n�trumeut i�:on u leu�!•h�id:Borrower rhull comply with all the prowsions
<br /> of'the leatie. !f Borrower acquires fec ti�te to thc PropeRy,thc Icutichald and the fce title shnll not merge unless Lender agreeti
<br /> �' �� � � to the merger in writing. --
<br /> 7. Protection of I.e�der's Rights in the Property. If Surrowcr fuilti to Qcrform che covenunts und agrcementz
<br /> � contained in this Security Instrument,or then i� u iegul prareding that m�y sigmficuntly affect Lender's rightti in the _
<br /> Property(such a.+a proceedin�e in bankmptcy,pmhate,fiir cc�ndemnution or forfeitum or ro enforce laws or rrgulutions),then _--
<br /> Lender may do and pay for wh:�tever ie necetisary to protect thr vulue ut'the Property anJ Lender's rights in the p perty�.
<br /> Lender's uction,muy inrlude paying .my xumti+c�umd hy a licn which hax priority over this Security Instniment,a .�rin� �F�°�°
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<br /> in coua,puying reusonuble attorney+'(ecs unc1 en[erin�on the Pro�xrty tu muke�epuir+. Althuugh Lendc�muy take uction _
<br /> '�,�, - under this paragruph 7,Lcnder dues not huve to du w.
<br /> Any umounts di.burscd by Lender u�iJer thi,par�gruph 7 +hall Fxxumc addilion;�l debt uf Borrowrr .ecured by thiti �_
<br /> A Securiry Insirument. Unlesti Bonower and l.cnder u�rer to other tcrmti of paymcnt.the+r anu�unt+tihall hcar intcre�t Frum the f���;
<br /> .. dute of disbursement ut the Nute ratc an d ti hu l l I x pu y u h le, w i t h i n t r r c,t.u�n notice from Lendrr u�Borrower rcyuezting �_
<br /> ' payment. Y ��
<br /> t � 8. MortRa�e Insuranee. If Lcndcc neyuircd m��rtgage in,urunce a�u condition of ntuking the loan tiecured b this
<br /> . Serurity Instrumen4 Burruwer tiha�� paY the prc►nium+ rcyuircd tu maintiin the murtgage in.ur.�nce in rffect. If, fiic any �;-:.
<br /> reason. thc mortga�r imurancc covrr.��r rcyuirrd by Lrndrr laptir. or cea�rs to Ixx in cffcct. F3urrower sh�ill puy thc
<br /> premiums requiitd tc� ohtuin coveruge ,ub�t.mtially �quivaknt t�� the mortFagr in�urancc pmviously in rffect, ut a cutit �,:
<br /> . substantially cquivaicnt a�thc ro.t t��Rorrnw•cr��f th� murtgag� in�uruncr prcviuu.ly in rt'fcct. f�om un ultcrnatc mortgagc
<br /> insurcr upproved by Lendcr. If rubstantiuUy cyuivul�nt mc►rtgugr insuruncr covc�agc►�nut a�a��uh��•Surruwcr shull pay to +.��,'�
<br /> � Lender cu�h month a�um eyuul to one-twclRh uf thr yrurly mortgage intiuranrr premium Fxring puid by Borrower whrn thc �•:
<br /> � insuruncc covcragc lapsed orcea.cd totx incffcct. Lrndrr wiil arcrpt,utic and retuin thc�c p:►ymrnt.a.u lo��rrxcrvr in�icu �
<br /> ? ,: of mortgugc insurancc. Lnss reticrvc paymc�us rnay no lungcr tx rcyuir�d.�t thr uptiun uf Lrndcr. if murtgagc inzurancr �
<br /> � cuverag�(in the umount and titt thr {xri�xi tl�at Lender reyuire.)providrJ hy im in.urrr appruved by Lendcr aguin txcomc� �:
<br /> `• avuilablc and is ohtaincd,Borcowcr�hall p:ry ihc premium+nyuircd tu m.+intain murtgage intiuranrc�n etfert.or to providr u �
<br /> Inss rexcrvc,until thc rcyuirement ti�r muitg:►ge in�uranrc rnd.in uccordcmcc wieh uny writtrn ugnemrnt lx�twcen Bormwcr .
<br /> , and Lcndcr or appliruMc law• '
<br />; ,{. 9. Inspectiun. Lendcr or its agcnt m:ry makc rra.orr.ihlc rntric�u{xm:inJ iny�xrtiom ut'tlir Pro�x rty. Lender tihall �.
<br />• � � . givc Borrowcr rn�tirc ut thc timc of c�r prior w an in.Fxctiun,�xrifyin�rra,unahlr r:iwc fur thr im{xrti�m.
<br /> 10. Condemnation. Thc pr�x�rcd,uf:►ny.�µ•ard��r claim ti�r damugc.,dinrt ur�um�qurntial,in ronnectiun witB any
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