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<br /> • . •�xdods that Lender requirca. Thc in�urance cartier providing thc insurance shxll be chosen by Borrower:ubject to L.eixkrt
<br /> �p�rovAl whkh�hall not be unreason�bly withheld. If Barower fiila tu maintain coveage deacdhed�bove,Lseder tn�y.�t
<br /> La�derk optian,obt�n covea�o to prcNect Lenderl�dRhts in tha Pn�erty in�cccxdux�e with pu��raph 7.
<br /> All in:utuke po8cies and ronewals stwl[be�cccpuble w l.cnder w�d alutl include a ctand�ud mort���c dpu�r. L.ender
<br /> shrll tave the�ight to hold�he policie��xl renewals. !f I.ender rcquircs,&�rrower xhall promptly�ive to l.axfer all recelpt�
<br /> of pxid premium+��nd�+enewal noticer. In the event af Irn�,Bamwer shall�ive prompt notice to the inaurwnco c�urkr�nd
<br /> _� Lender. l.cnder mNy mulcc proof nf Icncr if nw m�de pnomptly by Doirower.
<br /> �LL Unleac I.endcr wnd&xrower othervvire�Rroe in w�itfn�,inrurancepracaclx Kh�ll bn wppHcd to rcxlorNtlon or rop�ir of
<br /> the Pmpcny dama�ed, ii thc restaration or rcp:iir ls economlcaliy fcasible and Lenderk security ls not lessened. If the --.
<br /> rc�tcxwti�n ur rcpAir ix nat ecanamicwily fe�wibk ar L.enderk wxurity would be les.enecl, the Inauru�ce procceds shall be
<br /> rpplied ta thc�uma �ecured by thix Sr.c;urity In�trument,whethcr or nat ttkn due. with any ezcesa p�id ta ficxmwer. If
<br /> -- � -� Borrowcr Abnndanx the Pro�xny.or dae►not xnxwer within 30 days n naice from Lender that the insurxnce cwTler h�s
<br /> offered to rettle a claim.then Lender may collect the insurance proceeds. r.ender may use the procads to repair or rcatore
<br /> thc Property or to pay eumr yecurod by thix Sxurity Instrument.whether or not ihen duc. The 3U�dAy pedod will be�in when
<br /> - �-� the notice ls given.
<br /> _-�-___:. �=--�- Unlesc Lcndcr und Borrawcr othcrwi�c agrcc in writing,su►y applicntion of praceeds to principal shall not extend or
<br /> --,- u,y, ��'_-�� postpone the due datc of thc monthly payments referred to in puragrnphs 1 and 2 or changc the amount of the payments. If
<br /> under parngrnph 21 the Propeety is xquircd by Lender,Bamowerk right to any insurance policies and proceedc rcsulting
<br /> _.. from damage to the I'ropeAy priar to thc ucyuisition shall pasa to l.cndcr to the extent of the sums securcd by thia Security
<br /> ,��., - " --- Instrument immediately pr3o�to the acquisitiun.
<br /> • 6. Occupxncy, Pnservation. MAlntenance And Protectbn ot the Propertyt �rower's Loan Applkation;
<br /> Leaseholda. Borrower sh�li accupy.estnbllsh,and use the Propecty as Borrower�principal rcsidence within sixty duys after
<br /> ' . , .. , the execution of this Security lnstrument nnd shull continue to cecupy the Pcoperty as BorrawerS principal restdence for at
<br /> �'�:�-?r;.•:.'�.;;Y'• least one year after the date af occup:►ncy, untess Lender otherwise agrees in writing, which consent shnl! not be
<br /> , m;.,;tys.��t��,�:;`:; unreasonaoly withheld,ar unless extenuAting circumstances exist which are beyond Borrower�s contcol. Bomower shail not
<br /> =a-�%;;•s•;_�=;;��, destroy,damage or impair the Properry,allow the Properry to deteriorate,or commit waste on tiv:Property. Borrower shall
<br /> : � :�t�`r be in defuult if uny forfeiture nction or proceedin�.whether civil or criminal,is besun that in Lenderk good fuith judgment
<br /> , :';;�;:,: could result in forfeiture of the Property or otherwi�matedully impalr the lien created by this Security Instrument or
<br /> "� • L.ender!s security intemst. BoROwer muy curc such u default and reinsts►te,as provided In paragrAph 1 R,by causing the action
<br /> � �_. ' �.� or proceeding to be dismissed with a ruling thnt,in Lender s good faith determination,precludes forfeiture of the Bormwer�s
<br /> intercst in the Property or ather muteriul impuirment of the lien created by this Security Insirument or Lender's se.curity
<br /> ;;�.� .:,.a•:�, interest. Bocrower shall also be in default tf Bortower. during the loan upplicutton pracess, guve mutedally false or
<br /> inaccurate information or statement�to Lender(or fuited to provide Lender with any materisl infortnation)in cnnnection with
<br /> . the loan evidenced by the Nate, including, but not limited to, representAtions conceming Borrower.l• occupuncy of the
<br /> Property us a principal r+esidence. If thiti Security lntitrument is on a leasehold,Borrower shall comply with all the provistons
<br /> .e.��,�,_..__ of the Ieore. lf Borrower acquimx fee title ta the Propeny,the leasehold And ihe fee title shall not merge unless l.ender agrcxs
<br /> to the merger in writing.
<br /> . 7. Protection of I.ender's Rights !n the Property. If Borrowcr fuils to perform ihe covenants und agreements
<br /> contained in this Security Instrument, or there iz a Iegnl procecding that may signific�ntly affect Lenders rights in the
<br /> Property(such as a proceeding in bankruptcy,probate,£orcondemnation or forfeiture or to enforce laws or regulations),then
<br /> ' Lender may do and pay for whutever is necessary to pmtrct thr value of the Piropeny and Lender's rights in the Pcaperty.
<br /> Lenders uctions may include paying:uty sumx securcJ by a lirn which has priority over this Security Instrument,uppearing
<br /> in court,paying rcasonablc uttomeyi fees und entering on the Praperty to make repai��,. Althcwgh Lender muy take action
<br /> under this pun►gn►ph 7.Lender dces not huvc to do sii. -
<br /> Any umount�ditibur.+ed by Lender under this purugraph 7 xhuU hecomr additional debt oF Borrower secumd by this
<br /> f�?k�- � Security Instrument. Unless Ron•owrr�md 1�m�k-r:�prrr m.,�h.�r a•nnti of p��ym�nt,these umounts shall bcar intemst from the _
<br /> a• datc of disbursemcnt ut thc Note r•rte und shuli be �:ryublc,with intere,t,upon notice from Lcnder ro Borrower requesting -
<br /> ��� , payment. _.
<br /> 8. Mort�age Insurance. If l.ender reyuired mortg:�ge inxurunre us a condition of making the loan xecured by this _
<br /> �' ; Security Instrumcnt, Borrower sh:dl pay thc premium�rcyuired to maintuin thr mongu}�c insuruncc in effect. If, for nny =
<br /> � . : reason, the mortguge insurance coveragc reyuired by Lender lup.re. or rcaxes to he in ef'tcct, Borrower shull pay the _
<br /> • , . prcmiums n:yuircd to obtain rnvcr�ge zubztantially cquivalent to thc mortguge insur.incc previously in rffect, at a cost
<br /> ' , substantially cyuivalcnt to thc cnst to Borrowcr�if thr mortga�c insuruncc prcviou,ly in cftcct,frum un ultcmatc mortgugc =
<br /> insurer�►pproved by Lcndcr. lf xubstuntially eyuivulent mortgugc intiurancc covcragr is not availanle,Bonowcr shull puy to =
<br /> , Lender each month u sum cyuul to one•twclfth of thc ycarly mortEi�gr in+uruncc prcmium txing paid by Borcower when the _
<br /> , insurunce coveruge lupsed or rrased to bc in cffcct. LenJcr will urrcpt,uu und retu�u the,r paymcnt.a,a loxs rc,crve in licu _
<br /> • of mortgagc imurancc. Loss nscrvr paymcnts muy no longcr Ix myuircd,at thc apti�m ut'Lrndrr,if'm��rtgugc insur�ncc -
<br /> . coverage(in thr amount smd for thr�xricxl thet Lcndcr rcyuircti)pru�•ideJ hy.m imurer upprovcd hy Lender ugain becomes _
<br /> ' ' uvailablc and i�obtuincd.Borrowrr shull puy thc prcmiwn� rcquir�d to muintuin mort�;ugc inwrancc in effrct,or to provide a
<br /> � � loxs mservc,until the myuirement for mnrtgugr in,urunre enJx in arcordanc:r with c►ny writtrn ugrcement bctwecn Borrowcr °-
<br /> � und Lendcr or applicunlc law. __
<br /> . � 9. [nspection. Lcndrr��r it�u�cnt muy muke na+nnuble emric�upon and in+�xction+uf thr Pro�xrty. Lender xhall
<br /> , give Borrower notice at the timr of i>r priur to rm in,Fxcti�m s�xcifying rratie�nahlr c:►u,r ti�r the in��xrtii�n.
<br /> , � 10. Condemnation. Thc pnxcrdx uf any uw•ard or claim fiir damagrti,dirr�t ur comcqucmial.in connection with:uiy F
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