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<br /> period�thu l.ander requi�. The in�unu�ce c�nia providfn�the iiuuc�na�h�il be cfia�en by Bonower wbject w L,enderY
<br /> �pprovd whfch�h�Q not be wuma�anably widd�eW. !t Narn�wer falb to rtuint�in cover�e dacdbed above.La�det m�y.�t
<br /> ' l.�de�ti q�bn.obtaln c.nver�a tu pro�ect l.atiderti d�In ohe P pro eny in�cco�d�nce with p�raYraph 7.
<br /> AU insunu�co polkic.wx1 ranewalc�Fwll be acceptable to l.ender and�hall inciudc�stsndud mat���e clwux. L.ender
<br /> �holl lutvc the d�ht tohold the policle�u�d noewd�. if L.endcr roquirc�,BarrowCr xh�ll pramptly�ive to l.ender�II roceiptt
<br /> • of p�id premlunu and mnewal notke�. In the event of lose.Borrowar shall�ive panpt notica w the lnsur+u�ce r�rtier and
<br /> l.ender. Lender m�y make pr�nof of lau if na mwk promptly by Borrowe�.
<br /> — — Ur►lesx l.�ixk�•wd Li�crow�r utlurwir.c wW�a:(u w►idng,in�ur�nc�pxaceed.:s1taU 6e applftd to rc+tnration or ropair of �_
<br /> the Propeny dan��ed,tf�he rcst�xation or rcpair is economic�lly fwible and l.ender� �ecurity ia nw lew�erud. If the
<br /> oeatoru�an or rep�ir 1��wt ecawmically feasible or Lender'�security would be le�xenod. the insuranco procetda shrll be
<br /> applied to the sums �ocurod by thi� Security lnstn�ment,whether or not then due,wlth uny excess pAid to Borrower. If
<br /> Borrower ab�ndons the Propeny. or docs not iu►swer within 30 daya a notire f'rom I.ender that the fnsut�ncc carrier h�s
<br /> otYercd to retde�claim.then Lende�mAy collect the insurance proceeds. I.ender muy use the procads to repAir or rcstorc
<br /> the Property or ta pay�ums secured by thir Secu�ity Inctrumer►t.wi�ther or�wt then due. The 30-day periad will be�in when
<br /> `� the notice is�iven.
<br /> Unless Lender and Borrower othetwise a�ree in writing.any rpplication of proceeds to principul shu0 not extend or
<br />- postpaie the due date of the monthly puyments refcrrcd to in par�graphs l and 2 or chungc the s►mount ut the pAyments. If
<br /> unde�paragraph 21 the Property is ucquired by Lender, 8orrower�s right to tu►y insurance policies und proceeds rcsulting
<br /> from damage to the Property priar ro the acquisition shall pass to Lxnder to tho eztent af the cums secumd by this Scxurlty
<br /> InstrumenY immediately prior to the ucquisttion.
<br /> — __ 6. Oocupmcy,Pres�rvatian, MAintennnce aad 1'rotectbn ot the Prnperty; Borrower's I.oAn Application;
<br /> ---' I.eaaeboWs, �arrawec shall occupy.establish.and use the Pirc�peny us 8orrower+principal rcsidenc�within sixty duys nfter
<br /> � the execution of this Security Instcument und shall conti�ue to occupy the Prape�ty ati Bormwer's principal rcsidence far ut -
<br /> least one year atter the date of accupancy. unless I.ender otherwjse ugreex in writing,.which consent sh�ll not be
<br /> � •. unre.asonably withheld,or unless extenuati�g circumstunccs extst which urc beyonJ BoROwcr.control. Bortowcr shull not
<br /> destroy.damuge or impair the Property,ullow the Property to detcriorutc,ar commit waste on the Propeny. 8orrowcr+hatl
<br /> � be in default if any f«feiture uction or pnxeeding,whether civil or criminal.is begun that in Lende��good foith judgment --
<br /> '�:{:r';�-�.:;'�"; could result in forfcirore of the Property or otherwisc matcrially impair the licn crcated by this Security Instrument or �
<br /> � Lender's security intercst. Borrower muy cure such a def•rult and minxtate.ax provided in purug�uph 18,by cuucing the oction
<br /> � �.r�,s:�,: Y�- or proceeding to be dismissed with a nilins Qiat,in Lender�good fnith determinatian,prccludes forfeiture of the Borrower+
<br /> ��'{"'� °�"� intercst in the Pro{xrty or othcr materiul impairtnent of the lien crcated by thiti Serunry Instrument or LcnderS security �_
<br /> ' •.�,�:��ik,:�'d'i'•`' interest. Borrower shall �Iso be in default if Borrower, during the loan opplicution praerti, gavc materiully fulse or
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<br /> : ;,x;�;1_ ';�.�.% inaccurnte information or statemenGS to Lender(or failed to provide Lender with ony muterial infortnntion)in connection with
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<br /> . � ,} ��,k�,: the loan evidenced by the Note. includin�, but not limited to, representutions concemins Borrower's occupuncy of the i
<br /> - ��.,^;� Qropeny as e�+rinr��+al mcidence. ff thi.Securiry Instrument is on u Ieuschold.Borrower.r•hull comply with all�he provirions
<br /> . ,_�'"" � � • of thc lease. If Bomower acquires fce tide to thc Property,the lcusehold and thc fee title�hnll not merge unless Lender agrees
<br /> • ° to the merger in writing.
<br /> 7. Protectbn oP I.ender•s Rights ln the Property. If Barrowcr failx to perform the covenants and agrcements
<br /> � contained in this Security Insirument, ar them is u legul proceeding that may ,ignificuntly affect Lendert rightx in the —_
<br />: ., ;'.' Propeny(such us u proceeding in bankruptcy,probate,fur condemnution or forfeiturc or to enfarce luwz or regulutions),then
<br /> • Lendcr muy do and pay for whatevcr is necestiary to pro[cct tht vulue of the 1'roperty and Lendcr'.s rightti in the Propeny.
<br /> . Lenderk nctions mray include paying any sums secured by a lien which has priority ovrr this Security Instrument,uppearing �
<br /> in court,paying rcasonuble uttomeys'fers and entering an the Property to mukc repuirs. Although Lender muy take uction _
<br /> , • . under this paragraph 7,Lendcr does not huvc ro do+o. --
<br /> Any amounts ditibuned by Lcnder under this paragruph 7 shull hecomr udditional deht of Borrower sccured by thiti ��^
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<br /> . . Security Instrument. Unless Borrowcr and Lcndrr a�rec to other term�of paymcr.t,theze amounts shall bcar interest from the
<br /> � - date of disbursement at thc Nc>tc rate und tihull bc puyable,with interest,upon nrnicr fmm Lender to Borrowc�reyuetiting ���
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<br /> , ��'��• • . . payment.
<br /> , 8. Mortfiage Insurance. If Lender myuired mortgagr insuranrc a,a rondition of'makinF the loun�ccured by thiti ��"�
<br /> ' Security Inxtrument.Bortowcr shuU pay the premium� nyuirrd to maintain thr mortgugc in.urancr in effect. If, titt any ���
<br />- ' � �� reawn, the mortguge in,urance ruvcragr myuireJ by Lendrr lupsex or cea�e� tu tx i» effect. Borrower shall pay the ��`
<br /> premiums rcyuimd to obtain covetage tiuh�hmtially cyuivalrnt to the mnrtgagr insurancc pr�vi��usly in effect, at •r cost ���
<br /> ' xubstantially equivalent to the eost to Burrower uf the mortguge inwrance previou.ly in rffect, from un altemate mongage ��_"
<br /> ' insurcr upproved by Lender. If sub.t�ntiatly cyuivalrnt m��rtguFc in+urance covcragc i.nut avuilable.Dorcower shall pay to �,•-
<br /> - Lender cach month u+um eyual tu onr-twelfth of thc ycarly nnmguge insurancc prcmium txing paid by Borrower when the `-'_
<br /> ��.:' insurance covcragc 1•rpsed or ceascd to lx in effect. Lcnder will uccept,use and retain theyr payment.L+a los,re.ervr in lieu �
<br /> • � ' of moctgugr inxurancc. Loss rrscrvc paymentti may no longcr Ix:reyuired, ut thr option �if I.cndcr, if mortgagc insurancc �-,.
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<br /> coveragr(in thc;unount and for thc Fxriixl that Lcndrr ccyuires)pruvidcd by:ut imu�er:ippruvcd by Lcndcr•rgain lxco►nex
<br /> r w,,;'� . availablc und is obtained.Bottowcr shall pay th�pRmium�reyuircd to roaintain mon�ugc inwrancc in cffcct,or to pri�vidc u ��
<br /> lus�rcticrve,until the myuirement for mortgage insurunre ends in urco�danre with any wriurn agrcement betwecn Horn>wer �f-
<br /> - and Lendcr or applicablc la�v. �
<br /> � . 9. lnspt�tlon. Lendrr or its agent ma�•mak�rcatiunable rntrir�upon anJ in.Exrti�m+uf thr Pro{x rty. Lender.hall
<br /> ` ' i givc Borrowcr noticc at thc timc of or prior to an in�Fxction.�krityin�rcasonahlc rau.r tirr thc in��xrtiun.
<br /> ` ' � 10. CondemnAQun. The prexeeds of any award or rlaim tiir damage�,dircct ur run+ryucntial,in c�mnrction with any
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