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<br /> ' perlads thnt Lender requires. The insurance currier providing the inrurunce shail be cho.,en by Borruwer subject to L�nJer:
<br /> appraval which shell not bc unreawnubly withhcid. If Born�wcr fuils to muintuin covcragc dc�critxd ubov¢,Lcnder muy,ot
<br /> Lenders optinn,ohtuin coverage ro protect Lendcr�rights in thr Property in a�ccurdw�ce with purugr�plt 7.
<br /> � All insuranee policiex and rcnewulx shall be•rccept:�ble to Lender und shall inelude u stundard mortguge elause. l.ender
<br /> shall have the right to hold thc palicies and renewuis. If l,cndcr rcyuires,8orrawer shull promptly givr to Lendcr ull rccripts
<br /> of paid premtumx and renewal noticex. In the event of loxs,B�rower sh�ll give prumpt natice to Ihe in.rurance cuaier and
<br /> -� _ _______� I.ender. Lencler may mnke proof of lo�s if nat madc promptly by Harrower. �
<br /> Unless I.ender and Borrower otherwi.rc agree in writing,insurancc procceds shall be upplicd to restorAtion or repair of
<br /> � thc Property damaged, if the restoration or repuir i+eranomically fensible nnd Lenderk �;ecurity is ni�t Icsticned. If thc
<br /> — restoratian ar repuir ix not econornicully fe:��ible or Lrnder; sccurity w�uld be lessened, the insur:u�ce proceeds shall be
<br /> __ applied to the sums cecured by thi� Security lnstrument, whether or not then due, with uny exeesx paid to Borcower. If
<br /> Bonnwer ubandons the Property,ar does not answer within 30 duyti a natice from Lender that ehe insurance currier ha� —
<br /> --�:�.,w�,� offered to settle n cluim,then Lender muy collect the insurunce procecds. Lender muy use che procee.ds to repair or restore
<br /> _��°_"'_°_ _a the Property or to puy sums secured by thix Security Imtrumcnt,whether ar not then due. The 30•day period will hegin when ��
<br /> -- the nottce is given.
<br /> �j � Unless Lender and Borrower otherwise agree in writing,any upplicution of pra:eedz to principal shall not extend or
<br /> .�iGi���� postpone the duc datc of the monthly payments refcrred to in paragruphs 1 und 2 ar chungc the amount of the puyments. If —_
<br /> under parugraph 21 the Property is acyuired by Lender. Borrawer;right to any insurunce policies anJ proceeds resulting
<br /> - -- _.�::��-� from damage to the Prapeity prior to the acquisition shull pusx ta Lender to the extent of ihe sums recurcd by thia Security
<br /> -"c Instrument immedintely priar ta the ucquisition.
<br /> 'e• 6. Occupancy. Preservation. Maintenance and Protection of the Property: Bor�ower's Loan Application;
<br /> .� I Let�sel�ulJy. Burrower shnll occupy,establi;h,und use the Pruj�e�ty u.Borrower'+priucipat re�ide�ue within sixty dayx ufter -
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<br /> �;,.,Y ��:,�, the execution of this Security Instrument ar►d xhull continuc to occupy the Propeny u�Borrower:s principul residence f'or at �.;
<br />,-- ' ' �:f �'.��•;� least one yenr after the date of occupancy, unlesti I.ender othenvise ugrees ln writing, which con.ent shall not be -�°,
<br /> ' '" :'�x unreusonably withheld,ar unless extenuating circumstunces exist which ure bcyonJ Borrower�conrrol. Borrower shull not =_
<br /> . •fh•�;:, �1 destroy,damage or impair thc Property,allow thc Property to Jctcrinrutc,or commit wastc on the Property. Borrower shall —'
<br /> '��"� `�=`' be in default lf any forf'eiture action or proreeding,whether civil or criminul,ix begun that in Lender:s goad faith judgment
<br /> ,-"'.y���';::„"`�'`: could result in forfeiture af the Prope�ny or othenvi�e mutcriaUy impuir the lien crc•rted by this Security Instrument or
<br /> � '�-�'�F�� ` Lender s security interest. Borrower muy cure such u deCault and reinsmte,as provided in para�raph 18,by causing the uction
<br /> ��.�`:�d�=�i:�%�v�±` or proceeding to be dismisxed with a ruling thut,in Lender's€ood fuith dcterminution,precludes forfeiture of the Borrower's
<br /> � `' � • �. �+ interest in thc Prop�rty or other muterinl impuirment of the lien creuted by this Scruriry [nstrument or Lender's security
<br /> - . x'' � ' interest. Botrower sh•rll alxo bc in default if Borrowcr, during the loan application procetis, guve materially fulsc or ___
<br /> - �' -g���..�;,f� inaccurate information ar stutements to I.enJer tor failed to provide Lender with uny material informatian)in connection with
<br />. . _�•;,i;�?;�„_, �;..,_,.,_, the loan evidenced$y thc ":ote, irrtuJing, but not limited to, repre,ent�tiuns wn«rning Borrowerti accupuncy of the
<br /> - - - Yroperty as u principai rcsicience. [i this 5ecuriry in+trument i�on:►ieaxeho►d,Horrower shait comply w�th a�l the provisions
<br /> ..;,�,. : of the leasc. If Borrowcr ucquires fce title tci thc Pr�Exrty.the Ica.chold smd the fee tide shall not mcrFc unless Lendcr ugmes --
<br /> � to the merger in writing. �-�
<br /> � 7. Protection oP Lender's Ri�hts in the Propertv (f 8cinower ti�ils to �xrtiirm thc rrnenunts and agreements
<br /> contained in thix Security Imtrument, or thrre i� a Ic�al pr�xeeding that may ,ignificantly affect l.ender; riFhtti in the
<br /> " Property(+ueh a,a proceeding in bankruptcy,proh;rte,ti�r cundrmnatiun or ti�rtciture or tu enti�rce laws or regulation+),then
<br /> ,,•' Lender m•ry do and puy fi�r whtrtevrr i+nrce,.ury tu prutrrt thr v:dur of thr Prc�perty und Lender+ rights in the Propeny. ___
<br /> _. Lenders actions muy include paying any.um�.rrurrd by a lirn which ha.priurity uvcr thi+Security In�trument.•rppraring
<br /> in coun,paying reasonuble attorncy,'tce,und rntrring un th� F'rupc�ty to make repain. Although Lender may t;�ke action -
<br /> `�; undcr thi.par•rgraph 7.LenJrr dcx ti not hu�•c tu du.u. _-_
<br /> _ Any umnunt.ditibur,rd by Lcndrr m�Jcr thi,paragraph 7,hall txrumr :�dditionul drht uf Aorrowrr secured by this �=a-
<br /> �, Sccuriry Intitrumrnt. Unlc,s Borrow•cr and Lcndrr agr�r t��uth�r tcrni,ut'paymrnt.thr�r amountti xhal I Ixur interc+t f'rom thc F:�*�
<br /> ` ° date of ditibuncment ut Ihr Nutc rate und.hull tx p:ryahlr,wnh imcrcti�,upi�n noticr Trom I.cnJcr to B<�rrowcr rryuetiting h.;u._,.,
<br /> % Payment. '�i:,
<br /> • S. Mort�a e lnsurunce. N'Lrndcr re uireJ mo�ti�a�e in,ur:m�r a.u rundition of makin• ihc luan,rcured b this �-��
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<br /> Security Intittument, Burrowrr tihall pay thc prrniium+ rcyuircd tu m;�intc�in thr murtga�:c intiur:uice in rffect, It',fi�r uny �'�-
<br /> .. reusnn, thr mortgage in�uranrr cu�•�rng� reyuired hy Lrndrr L•�p,r. or rra.r, to tx in effect. Borrc�wer �hull pay the r
<br /> premium� required to ohtuin roveru�:r tiub�tan[iully ryuiral�nt tu thr murtgage in,ur:incr prr�•i�iu.ly in effert, at a cotit �•
<br /> rubstantially cyuivalrnt to thc co�t tu Borru��rr uf thr nwrtga�c in,ur;inrr prc��iau.ly in cttcrt.frum an aUcrnatc mortgug�
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<br /> � insurcr appro�•cd b}�Lrndrr. If�uh.tanti:dly cyui�:drnt murtga�r inwr.incr ro�•rragc i.nut:iv:iilahlc. Horrnwrr tih:dl pay to •
<br /> . °. • Lcndcr ruch month a tium eyual tu unr-turltih uf thr�rari} m��rtga��in.uranrr prrntium hcin�:paid hy Borruwer whrn tl�e
<br /> ' • insurance rovcru�±c lupxed or cea�cd tu tx in rffrrt. l.rnd�r��ill urrrpi.utir aiid rewin thr�r p:i�mcnh a,a lo�r re.erve i��lieu
<br /> .} . ,4 af mortgugr in.urancc. Los�rc�rn•r p:�ymrntti ma� nu lungrr Ix rryuircd.at thc uptiun of Lrndrr. if murt�agr intiurancr k
<br /> • ruvrruge(in thr untuunl and litt llic�xriexl thal l.cnJcr ieyuirr�l pturiJ�d hy:in in.utct appw�rJ h� LcuJe� ugain (xrutnc� �
<br /> c ,� avuilublc and i.obtaincd.Borrowrr,hall pay thc rremium.rrNttircd tu m:�int:�in mortgal:c in,uranrr in cffrrt.or tu pri�vidc u
<br /> loss resrrvr.until rhr rryuirrmrnt ti�r mon�!ugc in.uranrr rnd.in siccord:mcc���ith any wrinrn:�grcrmrnt txtwccn Burruwcr
<br /> = und Lrnder or appliraMc I:t��.
<br /> �� ' 9. Inspection. Lcndcr ur it,a�;rnt m:�y mal,r rca,unahlr rntnc. u�,un and in+�,ertian,��I Ihr Pru�xny. Lrndcr shull
<br /> � r f , Fivc Surrowcr nuticc:u the timr uf ur priur t��:m inyxrtiun,�xcil�ing rra,�mahlr rau+r ti�r thr in�prrtion.
<br /> l0. Condemnatinn. Thr pr�xrrdti��f any a�und nr:lai�n I��r Jama�:r,.dirrct��r a�n.ryurntial.in runncction ��•ith an).
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