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<br /> perioda tb+�t Leixkr tequioa. 'I1�inwr+u�co carder provldin�1he Inwr�nce�fwll bc cho:en by Bomower subjxt w L.enderti
<br /> �p�xoval which�hall not Ix unmasonably withheld. If Borrower fail�to nudnt�in cover��e dacrihed�bove.Landrr rtuiy,+u
<br /> La��der1�optian,obain coveraRe to protoct Lenderl�tiQhts in the}'roperty in�ccordance with parngnph 7.
<br /> All iesur�nce pnlicies and rcnew�ls�fwll be aa;eptable t�I.Gnder�nd s1w11 include a�tnndard mcxt�a�c d�use. Leeder
<br /> �hall have Uu rlght w hold the policicr ux1 rcnewxls. !f I.ender roquirer,Bartawer shxli promptly Yive to i.endcr�1l receipts
<br /> of p�id prrmiums and renewal notices. !n the event of lrn►x.Borr�ower�hell�ive prompt notice w the insurance c+urier and
<br /> a--------------� Lender. I.s:xic�may makc proof af lose if not mude�xY►mptly by Bomower. ___
<br /> — llnle,�s l.ender uxl Bomower otherwise agrce in writing,insurance praceed�shall be Applied to rcstorwtion a rcpalr of
<br /> the Property dam�ged, if the restor�tion or repatr is economically feasible and I..enderk security i�nd lessened. if the
<br /> r�storation or repair is not econornically feasible or Lender's•security wauld be lessened, the insucwice praceede xhall be
<br /> applied to the sums securod by this Security ]nswment,whether ar not then due, wlth ony excebs paid to Bortower. if
<br /> -- Borrower abandons the Property, or does not answer wlthin 30 days a�otice from L.ender that the Insurance carrier has
<br /> offemd to sett(e a claim,then Lender may collect the insurance proreeds. Lender may use ihe proceeds to repair or restore
<br /> - —_ tlu Property or to pay sums socured by this Securiry InKtrument,whether or not ttun due. The 30-day periad will begin when
<br /> the notice is given.
<br /> -�"°"'� U�less Lendcr and Borrower othcrwisc ugree in writins,uny upplication of procceds to principal shall not extend or
<br /> postpone the duc date of thc monthly payments refc�red to in puragraphs 1 and 2 or change thc amount of the payments. If
<br /> _�.__,�„�„a„� under paragraph 2l the Property is acquired by Lender,Bonawcr's nsht to uny insurance policies and pracads�+esulting
<br /> -- - - from damage to the Property prior to the acquisition shaU pass tu Lender to the extent of the sums secured by this Security
<br /> ""� lnstrument immediately prior to the acquisitian.
<br /> ° �''' `-`"'� " "`'�� 6. Uccupancy, PreservaNan. Maintenance and Protection oP the Pro�+erty; Ba�rower's I.oan Application; —
<br /> (�`�.'a�.�� -
<br /> ' ^�:�tw�;��a;•� Leasehalds. Horrower sha11 accupy,�slablish,and use the Propercy as[iorrower's ptincipaf residence within sixty days after -
<br /> ' � +��}�• �`;;;p�t'�;�,�; ;} the execution of this Security instrument and shall cantinue to occupy the Property as Borrowert principal residence for at
<br /> f'��`�s�t�� '�:���'t„�z.
<br /> '�;•�- � y� �• least one year after the date of occupancy, unless Lender otherwise ngreex in writing, which consent shall not be
<br /> `�`•`-'r'.--:� :� � � �• unreasanably withheld,or unless extenuating eircumxtances exist which are tieyond Borrower's control. Borrower shall not
<br /> ,t-� .
<br /> ; . _.:.;,�r,��;;: destroy.damage or impuir the Property,ullow the Propeny to deteriorate,or cammit wuste on thc Property. Borrower shu
<br /> ,�,;; ,,_ , be in default if any forfeiture Action ar procecding,whether civil or criminal,is begun that in Lender:s gcad faith judsment
<br /> ;,.�.;a_.y�w�,� could result in forfeiture of the Propeny or otherwise materially impair the lien created by thix Security Instrument or _
<br /> •�Y . • • I.ender:s securlty interezt. Borrawer muy curr xuch u defuult und reinstute,us provided in�rograph 1 R,by cuusing the uction —_
<br /> • • or proceeding to be dismi.rsed with u ruling thut,in I.enderk goai faith detertninutiun,prccludc.fiirfeiture of thc BorrowerS __
<br /> . interest in the Prapeny or othcr materiul impairment of the lien crented hy thiti Security ln.irument ur Lcnder's ucurity
<br />• � Intcrcst. Bort�wcr .hull ul�o tx in dcfuult if Iiom►wcr, during thc luun upplicution pnxc+�, guvc mutcriully falK or
<br /> . . `� inurcurate infi�rmution or+wtemcnt.a�Lrnclrr lor fuiled to provide LrnJer with uny mutrrial infi�miationl in ronnection with _
<br /> .:�4.: thc loun evidenccd by thc N�xc, includin�e, hut not limitcd to, rcprexntution,runccrnin� HuROwrrE ckcup•rnry of thc
<br /> - --- • Pmperty u�a principaF re.idenre, If thi�Securiry In.trument n on u�euxhoid,Bixrowcr+huli compiy wich uii thr pruvi.iuu.
<br /> of'tlu Icu+e. I!BoROwer ucyuirc.tcr tidr u�the Pin��xrty,thc IcuuholJ und thc tcc title.hull m►t mergr unlc.�l.enJer agrerz
<br /> to the merger in writing.
<br /> 7. PrutecNun of I.ender's RiKhtx in the Property. If' Borcowcr fuils to pertbmi the covenants und ugrecment.
<br /> contuined in this Securlty Instrument, ur thcre iti u Icgul pnxceding chat may significantly uffect Lender; rights in the �
<br />� Prop�:rty(wch us u proceeding in b:uikruptcy,prubate,tiir c�nJemnuti�m or fi�rteiwre or to rnfurre luws or regulations),then _-
<br /> I,endcr may do and pay for whatcver iti nccc.sary tu protect the valur cd'the Pro�xrty und Lender's rights ia thc Property. �
<br /> � Lender's uctions may incluJe paying:►ny +um.,crurcd hy a licn which hati priuriry over thi.Scrurity(n.trument,appearing
<br /> , in court,paying reawnublc uttomcyti'fcr,and entrring un the Propeny to makc repairs.Although Lender may takc actiun �
<br /> • under this pa�rgr•rph 7,Lender da�s not huve to Jo so. __
<br /> :� . Any amounts dishur�cd by Lcndrr undrr this par,�gr,t�h 7 .haN Ix�r��mr :idditional debt of Borrowcr xccurcd by thix �°
<br /> . � � Security Instrument. Unlcti.Borrower and Lrnder ugrce tu uther tcrmti i�f payment,thetic•rm�unt..rhull bear interest from the `_�.
<br /> �, ' S dutc of disbur,ement at the Note rate und shaU bc payablc, with intcrtst, upon noticc t�om Lender to Borcower reyucsting ."
<br /> ' pnyment. —
<br /> S. MortgaRe Insuranre. If'Lendcr rcyuired mongugc in,ur.inrc as a c�x�dition uf m•rking thc lo;ui �crured by thi, —
<br /> Sewrity ]nstrument, Borrower�hull pay the premiumx rcyuind to maintain the mort�a�c in.ur•rnce in effect. If, for any ���-
<br /> : mason, thc mort�agc in�urancc covrraEc rryuirrd by Lrndcr luptir.ur cca,c, tu Ix� in e(f�ct. Borrowcr shall pay thc - _
<br /> r remiums re uired to obtain covr�a e tiub.tantia�� c uivalcnt to thc mort�.► � in�uranrc r�viou�l m rffect,at a cost ��_
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<br /> , substantially cyuivalent to the cu.t to B�ttruwcr uf the mortgagc in�urancc prrvinusly in rff'cct,from an altcmatc mortgage
<br /> , insurcr approvcd by Lendcr. If�ub,tanti:illy rquiv;drnt mortgagr imurancc covcragc i�not uvailablr.Borrowcr shall pay to
<br /> Lendcr each month u+um eyual to onc-twrlfth uf'the ycarly mortgagc in.uranrc premium lxing paid by Borrowrr when the -
<br /> ^� insur.uice coverage I•rpsed or reax�d to lk in effect. I.rnder will ucrept,utic anJ retain th�+e payment,ati u loss reservr in lieu
<br /> ' " ui'mu,igu�e intiurancc. Loss rctirrvc pa}�mcnn may nci lungrr tsc rrquirrd,at thr e�ption of 1�•nder, if m�,rty..i�!e in�ur:mrt• � °
<br /> cover.►gc(in thc amount unJ for the�xrioJ that Lendrr rcyuirc.) prcrvidcd My an in�urcr approvcd by Lendcr aguin lxcometi -
<br /> � � uvuilablc and iz obtained.Borrowcr shall pay thr pmmium�myuirrd to muintain murtgagc imurancr in cffect,or to providr u
<br /> - toss mscrvr,until thc�quirement ti�r mortgugc insurancc rnd,in .►rrurJancr with any written u�!rcement betwren Born�wrr
<br />� ' and Lendcr ar applicublc luw.
<br /> . 9. Inspection. Lcndrr or it�:►grnt may makc rra+un:►blc cntrir+upun:uiJ in+�xrtion+of thr Property. LrnJrr.hull
<br /> � ' give Borrowcr noticc at thc timc of or pricir to an in,prrtiim.Exrifying rca�unahle rau.r tirr the imp��tion. �'
<br /> �; 10. Condemnation. The prorrcJs uf any award ur rl:iim tiir dama�c..dir�rt or comcyuenti•rl,in cunnccticm with:uiy �
<br /> __ ' '� tiin�.te Frmity..Funnie b1rr�Freddle\t�c l.Ntt'oNM Ititi"1'Rl�1817'•-l'mt�,nn Cu�rnant. 9�w► qxr�r?„�n pr¢r,� �
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