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<br /> perlod�Ihat Lender roquiro�. The Giwanoe cazrier provkfin�the inwra�x�e�fwll be chWen by Bcxruwer rubject tu l,enda�ti
<br /> � app�+nv�l which�tt�ll ncK be unmason�bly withheld. If Borrower fdl�ta maint�in coven¢c dexcribed�bove,La�der msy,�t
<br /> L.aiderti option,obtain cavea a to pmcect Lenderti ri�htn in the Propeny in�ccadance with p�Qr�ph 7.
<br /> Al!inwrurce policle��ronew�l��hell be accep�ble to Lender uxl shall inciude�rt�rd mort�aya cl�w�e. 4ende�
<br /> , eh�ll h+�ve tho ri�ht to hold thC policbx �nd anewdr. if Leuder rcquirca.Borrowcr shall promMly.aivc to Leiufer dl raeipu
<br /> of p�id prcmiumr�nd renewal nodce�. In�he evant of loss,Ban�wer xbdl yive prrimpt ndice to the in�ur�tw:e caRkr�nd
<br /> l.a�der. Lender m�y make proof of I�x if not m�de p�woptly by Borrower.
<br /> — Unlexa I.ender u�d Bornower olherwise agroe in writing,Insur�nce proceeda atull be Applied to ce5ton�tion or reprir of
<br /> _= thc Property dwns�gt�, if the rcscaracion or rcpair is cconamically feusiblc und Lendcrt accudty ix nut Iaascned. If the
<br /> restaration or repair is nat ecanomicAliy feASible or Lenderk s�curity would be leuened, tha insurance proceeM shell be
<br /> applied to the sums�ecured by this Security Inst�ument. whether or not then due.with any exretis puid to Bornnwer. If
<br /> Borrower aba�idons the Property.or does not answer wlthin 30 days u natice from Lender that tho insurance curler has
<br /> offerr.d to settle a claim.then Lcnder may collect ttx insuruncc proceeds. L.cndcr may use the proceeds to r+epair or mstore
<br /> the Property or ro pay sums cccured by thia Security Instrument.whether or not tltcn duc.The 30�day period will be�in whe�
<br /> -- --------___-----�_, thenotice ixgiven.
<br /> Unless Lender and Horrawer othenvise agr+ee in writing, any upplication of proceeds to principal shall not extend or
<br /> _- - _= — pastpone ti�e due datc of the monthty payments refcrred to in p:►rngraphs 1 nnd 2 or change the unount of the puyments, lf
<br /> under puagraph 21 the Pro�xrty is acquired by Lender. Borrower!c right to uny insurance policies and proceeds resulting
<br /> — from damage to the Propecty p�ior to the acquisition shall pass to L.ender to the cxtent of thc sums securcd by this Security
<br /> _____ --- --- — I�strument immediately prior to the acquisttion.
<br /> . " 6. Occupancy, Preservation, Maintenance and Protection ot the P�operty; Borrower•s i.oan AppllcAtbn;
<br /> Leaseholds. Borcowcr shall accupy,estnblish,nnA use the Property o.+Borrowcr�principal rcsidcncc within sixty days after
<br /> ..,�;.:�' .;` the execution of this Security lnstrument and shall continue to accupy thc Property os Barrower?�principu!r+esidence for ut —
<br /> • :r�' least one year ufter the date of accupancy, unless Lender otherwise agmes in writing, which consent tihall not be
<br /> • Fri•=;=�s.:�.:;'�:,':.:+� unreasonably withheld,or unless exrenuating circumstancex exist which ure beyond Borrower's contral. Borrawer�hall not
<br /> destroy,damnge or impair the Property,allow the Propeny to deteriorate,or rammit wastc an thc Property. Borrowcr shull
<br /> �"" ' �� " '� be in default if any forfciture uction or prceeeding,whether civi!or criminul.is begw� that in l.ender's goad faith judgment
<br /> , �"��°'`�"'�� � could rcsult in torfeiture of the Property or otherwi�e materiully impair the licn creuted by this Security Instniment ar _
<br /> . " Lenderl security interest. Borrower may curc such A default and reinstute,us provided in paragraph I t3,by cuusing the s�etion
<br /> ' • •' ' • or proceeding to be ditimissed with a ruling thut, in Lender:s good faith determination, precludes fort'eiture of the Borrowerk
<br /> '. interest in the Property or other muterial impatrnient of the lien creuted by thi+ Sccurity Instrument or Lcndcre security
<br /> • interest. Borrower shull nlso be in default if Bormwer,during the lonn upplication prcecss, gave mate�iully fAlse or
<br /> , inaccurate information or statements to Lender(or failed to provide Lender with any muteriul informatian)in connection wtth
<br /> the loan evidenced by the Note, inciuding, but not limited to, representations conceming Borrower+ accupancy af the
<br /> • Property us a principal residence. If this Security Instrument is on u Ieusehold,Borrower shull comply with all the provisions _.
<br /> -� �- ------------- uf the icase. If Borrowcr acyuires fec cide eo the Pn�puriy,lI1C{CO.��IOItI:tt1tI iI�C I�rr i11IC�I�SI{Uui tii�i�C UiiI��S L.Ciitlet 8$iCCS °
<br /> �O IhC IIIC��CI'tfl WptID$.
<br /> 7. Protectian of I.ender's Ri�hts in the Property. If Borrower f•rils to perfurm the covenants and ngreements
<br /> contained in thi. Security Instrument, or there is u legal prcxeeding that muy �ignifirantiy affect Lender's rights in the —
<br /> Property(xuch ax a procceding in hankruptcy,probate,for condemnution ar fcttfeiture or to enforce lawti or regulationti),then —
<br /> ' Lendcr may do and pay for whi�teve� ix necetixury to protect the vaiur uf the Property and Lender's rights in the Property. _
<br /> f. L.enderk uctions may include pirying nny sums tircured by u licn which ha�prioriry over thi,Security Instrument,uppearing
<br /> - in court,paying reawnablr auorneyx'fecti•rnd entcring on the Pro{xrty to muke repairs. Although Lender may take uction �`
<br /> under this p•rragraph 7,Lcndcr d�.nc�t huvc to do so.
<br /> �� Any umounts ditibuncd by Lcndcr unJrr thi�paragraph 7 tihall txcomc aJditional dcbt of B��rrowcr sccured by this _.°
<br /> -'i Security In.trumcnt. Unk�c.B��rrowcr and Lendrr a�rcc to other tcnn,uf'paymrnt,thc�c umount+shall txur intcn:st frc�m thc _
<br /> � t datc of disbuncment at thc Note rate and yhull tx payublr,with intrrctit,upun nuti�e fmm L.rndcr to Bormwer rcyuesUng _-_
<br /> payment. �
<br /> , 8. Mortgage Insurance. If Lcnder rcyuircJ tnurtgagc in.urmicc a� u condiiion uf making thc loun �ecurcd by this �,;�
<br /> Security Instrumcnt,Burrnwer+hall puy Ihr prrmiunn myuirrJ tu mainti�in ihr mortgagc in�urance in eff'ect. If, titt any ���
<br /> rcaxon, the niortgagc in.urancc ruvcrag� reyuir�d hy Lcndrr lup�c� or c�a,rti ta tx in cft'ect. Hnrrau•cr shall pay thc �'
<br /> , premiumti rcquired to ohtain ccivrr.i�!r �uh.tantially ryuivalent tu the mnrlgape insurancc previuutily in eff'rrt. at a co�t d
<br /> substuntiully ryuivulent tu thc co,t to Burrowcr uf thc mungu�c in.uranc� pr.vu�u,ly in rffcct,ti•am an aUrrnatc mungagr �
<br /> imurcrapprovcd by Lrndcr. If�ub�tantially cyuivalcni mort�:agc imuruncc rovrragc iti n��t av,iilahk.Borruw�r shall pay to _.
<br /> • . LenJer cach month a+um ryual t�i unr-twrlfth uf thr ycarly murt�uge in+uranre prrmium txing paiJ by B��rrower wl�en the _—"":
<br /> in+urancc crncragc lapscd ar ccu,cJ Io Ik in cff'crt. Lrndrr wil l arrcpt.u,c und rrt:iin t hc�c paymcnt,a,a lu�,rc.crvr in licu "' .
<br /> � of mortgagc in,uranrc. Loss rc�crvc payment. may nu lungcr Ix myuircd.:it thr opti�Ni uf I.rndrr. if mortgagc inwrancc
<br /> rovcrage(in thc s►mount anJ far thr�riixl Ihat L�ndrr rryuirc,l providrJ hy an imur�r appruvrd hy Lrndrr again ikcomrti -
<br /> availablc and i�obt�inrd.Rorruwcr tihall pay thc prcmiumti Ryuirrd tn maintuin mong:►�!c inwranrr in cff�ct.ur to provide a
<br /> lo,s reserve,until the rryuirrmrnt Rir rnc�rtgagr in+urance rnciti in accordanrc with:my u•riuen agrcemrnt txtween Borrowcr
<br /> . nnd Lendcr or applic•rhlc law. �
<br /> 9. Inspcction. Lrndcr ur it�agcnt m:ry mal.r na�cm.ihlr rntrir,upun and in.rrrtium al'thr Prupeny. LrnJrr�huU �
<br /> ' give Borcowcr notirc at thr timr uf ur{iriur tu;m intiExrtiun,�xrifying rr.nonahlr rau.r for th� in.�xrtiun.
<br /> � .. � 10. Cnndemnntion. 1'hr�nx�ed,uf nny:tx•ard ur claim lirc dama�:rti.Jirrct��r run,ryurnt�al.in runnrctiun with any �
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