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<br /> � perioda thnt Lender rcquiros. 71�c insurnnc�cacrler providing the insur�;t�hall be chosen by Bortower subJect to Lenderk
<br /> �pjxoval which�hall not bc unreasonably withheld. If 8arower fiiis to maintain cc�vet��e da�cribed�bove,l.axlet nuy.�t
<br /> � L,enderk option.obtain coveraQe to proc�ct Lenderlc d�hts in the Propeny in�ccord�uxo with prta�r�ph 7.
<br /> All insurancc policies and�enewals�hn�l be acceptable to Lender and sfuill in�lucle n xtu�danl mariQr�e clauie. Lenckr
<br /> shatl have the right to hald the policies�nd nenewals. If Lender teyufres,Sorn►wer shAll pramptly�ive to Lender dl roceiptx
<br /> af p�id prcmiums and rcnewnl notice�. In the event of Ic�,Bomower RhWI�ive prompt notla to the in�w►u�cc carrier and
<br /> — l.ender. Lender may make proof of loss if nat meck�xnmptly by Bomawer.
<br /> - �'��' '—�� Unless LenJer end Bocrower oti�erwisc wgrae in writing,insurux:e prceeuis sball lx;upplicd w rcbtarntlon ur rcpair of
<br /> the Property damaged, if thc restoration or npair is ecanomicxlly feasible and L.enderl� aecurity is not Icsscncd. If thc
<br /> = res[orotion or rcp�ir is not economically feasible or Lender's security wc►uld be lescened. 11x insurance proceeds shall be
<br /> Applied to the sums securcd by this Security Instrument,whcther or not thcn dua,with uny exass paid to Borrower. If
<br /> Borrower abandons the Pcnperty.or das not answer within 30 days a notice from Lettder that ihe insur�nce carrier has
<br /> offered ta settle a claim.then Lender may collcet the insurnnce proceeds. Lender may use the proceeds Ro rcpair or restorc
<br /> the Property or to pay sums secured by this Security Instrument,whether or not then duc. The 30-dry period will begin when
<br /> � the noticc is given.
<br /> Unlcss Lcnder and Borrower otherwlse ag�+ee in wdting,any applicatton of procceds to principal shall not extend or
<br /> - postpone the duc dau of the monthly payments referred to in parugrrphs I und 2 ar chunge tt�e umount of the paymen�c. If
<br /> undar paragraph 21 the Pmperty Is acquired by Lencler,Borrower�s right to any insuratue policies and procads rcsulting
<br /> from damage to thc Property prior to the acquisition ahaQ pass to I.ender to the cxtcnt of the sums secured by this Security
<br /> InstNment immediatcly prior to thc acquisition.
<br /> ,��� 6. Occupwncy� Prcservation, MaintenAnce and Protcction ot the Property; Borrower's Lwn Appiicatbn;
<br /> :.:•� I.e�seholds. Borrowcr shull occupy.establish,and uxe the Property as Borrowcr's principal residcnce within sixty days after
<br /> �:.:,.:
<br /> -��. the execution of this Security Inswment and shall continue to accupy the Property ar Borrower's principal rcsidence for at
<br /> � ' � least one year ufter the date of occu�wncy, unletis Lender atherwise ugrees in writing, which consent shall not be
<br /> __ � unrcasonably withheld,or unless extenuating circumstunces exist which are beyond Borrowert control. Borrower shall not
<br /> "�?�".'�~ "��-'•�°�' '' desir�y.damage or impair ihe Property,allow the Property ta deteriorate,or commit wustc on the Property. Barrower shatt
<br /> ' � ' ' � be in default if uny forfeiture action or praceeding,whether civil or criminnl,is begun that in L.ender's goad i'aith judgment
<br /> �,•w.::.�"�r'";..?�•.
<br /> ;- r...,, .,... :.� could result in farfeiture of the Property or otherwise materially impair the lien creuted by this Security Instrument or
<br /> •�s�'+'ri�i'�-�': Lendar's yecurity interest. Barrower muy cure such u default and reinstate,as provided in pa�agraph 1 t3,by causing tbe action
<br /> �t+°"���•�'�:�i'`�;�•'�; or proceeding ro be dismisscd with u culing that,in Lender's good fnith determination,prccludeti forfelture of the Borrower's
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<br /> interest in the Propeny or other materinl impairment of the lien creuted by this Security [nstrument or I.ender� securlty
<br /> `-:�' °"'� '" "� � intcrest. Borrower shall ulso be in defAUlt if Borrower, durin tl�e loan u lication racess, uve mnteriall false or
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<br /> inaccurnte information or statemenGS to Lender(or fuiled ta provide Lender with any material information)in connection with
<br /> • '•��' '�.'�'' . the loan evidenced by the Note, including, but not limited ta, representations cuncerning Borrowers occupancy of the _
<br /> - . •�•f�`E�"�`�-�•��-' Propersy a4 a princEpa!residcnce. If thi�Security lns�n�ment iti on n Irnschold.Rorrower cfinll c�mply w���all ihe�rovisiom .
<br /> ' � � .� af the le�.cc. If Borrowcr acyuirex fcc titic to the Property,the leasehold ond the fee title shall not mcrge unless Leqder agrec�
<br /> to the merger in writing.
<br /> 7. Protection of l.ender's RiRhGs in the Property. If Borrower fails to perform thc covanunts and ugreements __
<br /> ' � contained in this Security imtrument, or therc i+ a Icgnl pr�xeeding thnt muy significantly affect Lender's rightx in the
<br /> : Property(such as u pra:eeding in bankruptcy,probate,fix condemnation or fod'eiture or to enforce IAws or regulAtians),then —
<br /> � Lender may do and puy for whutever is neceswry to protect thr value of the Property and Lender�rights in the Property. __
<br /> Lender's actions may include paying any�umx tiecumd by a licn which hus priority over this Security InstrumenG appearing �
<br /> in court,paying reasani�blc uttorneyx'fee+und entering on the Propeny to make repairs.Although Lender may take action —_.
<br /> j ' undcr thiti par.�gr�ph 7,Lendcr dcxs not havr tu do so. ` _
<br /> P; T � Any amounts disbursed by Lrnder under this paragr.�ph 7 shull tkromc udditionul debt of Bormwer secured by thiti _
<br /> � Security In.trument. Ur�lctis Bnrrow•rr and,.�ndcr.►grcc tu uthcr tcnm uf pa�•ment,the�e amounis shall be:ar interest fmm the =
<br /> �'y d•rte of Ji,bursemrnt at thc Notc rutc und shall tx peryahlc,with intenst, u{xm nrnicc fmm Lcndcr to Borrowe�reyuesting �
<br /> payment. �
<br /> r 8. Mort�a�e Insurance. If Lrndrr reyuired mortgagc inwrunce ati u condition of making the loan ticcured by thiti �
<br /> ' ' Sewrity Intitrumrnt,B�irrower�hall pay th� prcmium. mquired tu maintuin the mun�!age intiur.�nce in effcct. If,for:u►y 6.`:
<br /> . rcuson, the mortgugc in+ura�xc c��vrragr rcyuircJ hy Lrnder lapse� ��r ceases t�i tk in rff'rct. Botmwer tihall pay the _
<br /> , � premiums rcquircd to ohcuin covcragr +ub�tantially �quivalcnt tu th� murtgagr in.urarnc previou,ly in effect. ut :� cotit
<br /> � tiubtiwntially ryuivulrnt to thc co,t ta Borrower uf thr mimguge in.urnnrr previuu�ly in effect, from un alternate mortgage �".
<br /> t in�urcr a roved b Lrndr�. II'tiub.tantiall • e uivalem mun�a�r in.uranrc cuvcr.i�e iti nut uvailahl�.Borrowcr shall a to —.
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<br /> �. ,. : l.rnder cuch m�mth a.um ryual a�unr-twcl t'th uf thc}•�arly mortp:�gc intiu�ancr pmmium Ixing paid hy Borrowcr whcn thc
<br /> . • imuranrc cuveragc Iap.rJ or cc:i,cd to tk in rttcrt. Lrndcr�rill arrrpt.wr and r�tuin thr.c paymcnt+:u u lo�s rckrvc in licu 6
<br /> ' of mortgagc in�urancr. Lotis m�crvc paymrntti m:q�no Icmgrr lx rcyuiral,at �hr option uf l.cndrr, if mortguge in.urancc —
<br /> mvcragc(in thc amount and fi�r thc�xricxi th:u Lcndcr rcyuirr�►pruvidcd by:m imurrr appr�wed hy Lrndcr again lxromcs �._
<br /> uvailablr•rnd i,uNtainrd.Hurn,wer.hall pay thc premium,r.yuirrd t��m:►intain murtguge imur:mc�in eff'ect,or to pmvide a
<br /> loz�rc�crvc,until thc rcyuircment tiir mortgnEc in,ur:mrr rnJ.in•rcrorJ:mrr with any wriurn ugrccmcnt hctwecn Born�wcr �'�
<br /> und Lcndcr or applirablr law. �
<br /> ' 9. Inspection. Leudcr ur it,agrnt ma�•makr nu.onahlr rntrir,uExm.��1d t�l�pectiu�lti of lhC Pro�rty. Lcnder shall �-
<br /> � givc Borruwer nocirc at thr tirnr uf or priur ti,an intiExctiun��xcif�•ing rea,unahlr r:w.r tix thr imprclian.
<br /> • � 10. Cundemnution. Thc rnx�rJ,��f um :i���ard ur rL•iim li,r d:unagr,,dir�rt��r rumryurntial,in cunncction with any
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