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<br /> , - ' 94�-101308
<br /> �' periods thxt I.ender reqnires. 77�e insur�nce canier pmviding the ins�rance shall be choaen by Bortower subject to Lenderlt
<br /> spproval which�all not bc unreasonably withheW. If Bort�ower fails to maint�in cover�ge deicribed above,L,endet m�y.at
<br /> Leoder�s option,obtain coverage to protect Lender's rights in the Pmpeny in acco�ce with parngrpph 7.
<br /> All insuraue poltcies and renewals stu11 be acceptable to Lender and shall inctude a standar�d mortgage clause. Lender
<br /> -. - - shall have the right to hold the palicies and renewals. If l.cnd�r rcquires,Borrower shall promptly givc to Lendcr all receipts
<br /> - of paid pttmiums and renewal notices. in the event of loss,Borrower shali give prompt notia to the jnsurance camer rnd
<br /> _-- __ — �,� Lender. L.ender may ma�e proof of loss if not made promptly by Barowor. !
<br /> Unless Le�ider and Borrowcr odicnvlse agrec in writing.insurancc procecds shafl be npplied tn recton+tion or rcpair of
<br /> i• the Property damaged. if the restoration or r�epair is economicaUy feasible und Lender`s security is not lessened. If the
<br /> � restoration ar repair is not economically feasible or Lender's security wauld be lessened, the insucance proceeds shall be
<br /> — ---____ applied tu tha suma secured by this Securiry Instrument,whether or not thcn due, with any excess paid to Borrower. If
<br /> .,u; ,;�;-- Borrower abandons the Property,or does nat aaswer within 30 duys u notice from Lender that the Snsurar+ce corrier has
<br /> -- - -- _ offered to setHe a claim,then Lender may coltect the insurance proceeds. Lender may use the proceed�to repair or restore
<br /> ���,;u'�"'� the Property or ro puy sums secured by this Security Instrument,whether or not then due. The 30�oy perfod will begin when
<br /> °�—----==-��,:�� the noticc is given.
<br /> --- Unless Lender and Borrower other•wise agree in writing.any uppllcation of proceeds to principal shall not extend or
<br /> --- -- � - postpone thc due date of the monthly payments rcfcrred to in paragruphs 1 und 2 or change the amount of thc puyments. If
<br /> �I under paragruph 21 the Property is acquired by Lender.Barrowers right to uny insurnnce policiex ond proceedti re!�ul8ng
<br /> from dumage to the Property prior ro the acquixition shall pas+to Lender to the extent of ti�sumr zecurcd by thia Securfty
<br /> ��-�-�---= Instrument fmmcdiutely prior ta the acquisition.
<br /> . -"""' 6. Qccupancy, Praservation� MpintenAnce pnd Proteetlon ot the Property: Burrower'x l.�wn Applkatlon;
<br /> � _��":'i�., "• L.earehold�. Dormwer shall acupy,etitablitih,und uxe the Proper�y us Bnrrower's principal mtiidencc within sixty days uf'ter
<br /> F�'� • � " �';t the ezeeution of thix Security In.rtrument und�hatl continuc to acupy the Propeny ax Borrower�principul m.riden�e fur at -
<br /> •' ��.:�'� ���' • � Icu�t onc ycur uftcr thc dutc of occupancy. unlcss L.cndcr othcrwitic ugrecx in writiog, which ronticnt xhall nat be
<br /> t�,� .• � � . unrcaxonubly withheld,or unlcss extenuuting circumstuncex cxixt which un;t►eyond Borrowcr+control. Borrower xhull not
<br /> i ,,;�., dcstroy,dumuge or impair thc Property,ullow thc Property to deterior:ite,or commit wustc on the Property. Borrower+hull
<br /> E�-.�.„�'�� ���� be in default if uny forfeiture action or proceeding,whethrr civil or criminal,is begun that in I.ender+goad fuith judgment
<br /> could result in farfeiturc of the Praperty or athcrwize matcr3ally impair the lien crcated by this Secu�ity Mstrument or
<br /> '� . , :. . ." +� LenderE security interetit. Borrower muy cure zuch a defuult und reinstute,us provided in paragruph 18,by causins the uction
<br /> ` or proceeding ta be dismissed with a ruling that,in Lcnder's gooct fnith determinatian,precludes forfeiturc of thc Borrowerk
<br /> • � interest in the Property or other materiul impairment of the lien creuted by this Security ln►trument or Lender s security
<br /> interest. Borrower shall also be in detault if Borrower, during the loan application procexs, save materially false or
<br /> � • inaccurate information or stutements to LenJer(or failed ta provide Lender with uny material information)in connection with
<br /> � • , F the loan evidenced by the Note, including, but not limited to, representationx concerning Barrower's occupancy af the
<br /> —_ ___ __ pn►�erty as a�rincipal rccidence. If this Security Inxtntment is on u leaxehald,Borcawer shall comply with all ths provisions
<br /> of the lcuse. If Borrower acyuires fec titic to the Property,the leuhehold And the fee title r;hull not mer�e unless l.ender agrees
<br /> , to the rnergcr in wdting.
<br /> , 7. Protectian of I.ender's Righ��►in the Property. If Borrower faiils to perform thc covenunts and agrcements _
<br /> contnined in this Security Inxtrument, or therc is u Icgal prnceeding that muy signit"icantly affect Lenderz rights in the
<br /> Property(such as a proceeding in bankruptcy,probate,fo�condemnation or forfe+ture or to enforce luws or reguluciom),then �`
<br /> Lender muy do and puy for whatevcr is neces�ury to protect the value of thc Property und Lcndcr's right,in the Property.
<br />- Lendcr's uctions may includc puying any sum>>crumd by u licn whirh hax prioriry ovcr thiti Sccurity Instrumcnt,appcaring _
<br /> in court,paying reasonablc attomeys'fecs and cntcring on the Propeny to muke repuirs.Although Lender may tuke uc:tion
<br /> � under this paragraph 7,Lcndcr docx not huvc to do so. _
<br /> Any amounts di�huned hy Lrnder undr��hi.par.iFraph 7 .hall lxcnmc udditionul deb�of Borrower.ecurcd by this �_
<br /> �'�,.• Security instrument. Unles,Borrowc�und Lendcr agrcr to othcr tcmn of puyment,thetie umuunts shult tx:ar interest trom thc �:-
<br /> ` datc of di�bursement�t the Notc ratc and shull tx puyubtr,with intcrext,upon noticr from Lender to Borrower reyuesting !`"
<br /> rt payment. �"�
<br /> 8. Mortgu�e Insurunce. If Lcnder rcyuirrd ntun�!agc imuruncc as a rundition uf making the lo:m ,ecured by this
<br /> � Security lntitrumcnt, Borrowcr�h.Ql pay thc prcmimn+ rcyuircd ta maintain the mortgugc imur.mr� in rffect. [f', for uny L'°'=
<br /> � rcuson, the mort�agc inxurnnrc cuvcrugc rcyuirrd by Lcndcr lup,cs or ccu�c� to tx in effrct, Bc�rrowcr shull puy thc �"�'"
<br /> � pmmiumx required to ohtuin coveruge �ubstunti:illy ryuivalrnt to thc mortguge in+uranec prrvioutily in ct'fect,at u cc�xt °""
<br /> substrntially equivulent to the cotit to Burrower ut'the mongage in.uranre prrvioutily in effcct, from un ulternate mortgage -
<br /> • insumr approved by Lcnder. If subtitantially ryuivalrnt mortgugc insuruncc covcra�c i,not uv;►iluhle.Borrower shall pay to �'�
<br /> Lender ench month u sum cyual to nne-twclfth of thc yrarly mortgugc in.urur�ce premium txin�paid by Bon�wer when the __
<br /> insurance coveru�c lup.ed or ccased to Ix in rffcrt. Lendcr a•ill uccept,u,r anJ retain thexx payments ax a losx retierve in licu
<br /> " ° �f mort£age insurancc. L.ors rexcrvc pavment.may nu lun}�cr lx reyuircd,ut thc option uf Lrndcr, if mortgugc insurance �,_
<br /> covernge(in the umount und for thc}x�icxl that Lrnd�r rcyuire,)providcd hy un insurcr i�pprovrd by Lrnder uguin txrnmes —:
<br /> uvailable and is abtuined.Borrowrr shull pay the pmmium�rryuired to maintain ntongugc irour;uuc in rtf�ct,or to pmvide a �'`"
<br /> � loss reserve,until the nyuirement ti�r mongage in.uruncr endti in ucrordunce with imy wriacn ugrecment hetwern Borrower -_
<br /> _� ' and Lendcr or applicablc luw. �'=
<br /> " 9. Inspection. Lendrr or itti agcnt muy m:►kc rca.onable cnreirs upun und inspectiom��f'thc('ro�xrty. Lendcr shall
<br /> �r givc Borrowcr noticc ut thc timr uf'or priur to an im�xrtion.perifying reusomihlr c:wsr fi�r thc ins�xrti��n.
<br /> �': . �, l0. Condemnatiun. Thr prcxeed.ot'any award ur claim ti�r danu��es,dircrt or conseyuential,in runnection with uny
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