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<br /> periods th�t Ir.rKler i+equi�e,�. 91w inwnu�oe carrkr pmviding the inweanue rhdl b+cha�ee by BorYOwa wbjoct w Lendcrti
<br /> �pprov�l w6ich sluil!r�ot he unreaon�bly wkhheW. ti Bortower fdb to m�inuin covenie de�crib6d above�La�drr eaay.et
<br /> • l,a�derti aption�o6tain covea�s�e tn praec.K La�der's�i{Ms in the Peaperty In��c�d�r�ce wlth parwaph 7.
<br /> All inaunnce poUcies and++enewd��II be ep to La�der ud rh�ll include a qu�dud mort�ge clau�e. Lander
<br /> �h�l h�ve the ri�ht to hold the policlo�and ienew�l�s If�Lender roqulces,Hcxmwer ohall P�P��Y�ive to L,etider all roxipu
<br /> - . of p�id premiums and nnewd noticea. in ihe event of locn�Borrowar�hs�� �ive Ptampt notire w the insunt�ce�ac�e�'�nd
<br /> L.ender. L�ender m�y mdce proof of las If oot m�de promptly by Borrower.
<br /> Unless Leader and Borrower otherwise agroe in wrltln�,insurance proceeda eludl be�ppliod to reitonulon a npair of
<br /> ------�--�°� thc Pro�crty damaged,if thc rcst�rntion or repeir ie ec�onomic�lly fearible w�d Lendcrt sa:urlty is r�ot lesser�ed. If ihe
<br /> rcatorntlon or repair is na economicdly feasible or Lender8 secunty would be lawened.the insurance pnxxed:shill b�
<br /> •ppliod to tlx aums secured by this Security Instcument,whether or not then due,with iu►y exceas p�id to Borrower. lf
<br /> �- gcxrowar ab�nck,�i, the Pro�xrty, or dnes not answer within 30 days a notice from i.ender thu the inaurence curier hsa
<br /> offercd to settle A claim,then Lender may collect the insurance proceed�. L..ander may use the proceeds to rcpair a resto�
<br /> the property or ta pay rurns secured by this Secudry lnstrument,whetheror not then duc. 1h�30ilay period wfl!be�in whai
<br /> thc notic�Is given.
<br /> - - ----- Unless Lender and Bo�rower otherwise agrce in wdting,any application of pmcceds to principal shall nat extend or
<br /> postpone the duc datc of thc monthly payments rcferted to in puagraphs 1 and 2 or chenge the amount of the payments. If
<br /> under paragrnph 21 thC Property is acquired by Lender.Borrower�right to any insurance policies and proceeds resuldng
<br /> from demage to the i'ropetty pdor to the acquisition chall pasa to Lender to the extent of the sums�ecured by this Security
<br /> �;, In:tcument immodiately prior to thc acquisition.
<br /> ---� d. OccupAncy, PreservAtion, MAintenance and Protection of the Property; Borrower's Loan Applkadon;
<br /> " Leasepolds. Botrower shall occupy.establish,and use the R�operty as Bornower's principal residence wIthin sixty days afur
<br /> the execution of this Secu�ity Instrument and shall wntinue to occupy the Propetty as Borrower�principal residence for at
<br /> ' least one year after ihe date of occupancy. untess Lender utherwise agrees in writing, which conunt ahal! not be
<br /> _= unreasonubly withheld,or unless extenuating clrcamstances exist which are beyond Borrower�s control. Borrower shatl not
<br /> destroy,damage or impair the Property.allow thc Property to detcriorate,or commit war�te on the Property. Borrower shall
<br /> "t+�� � •�•^� P be in default if uny forfeiwre uction ar proceeding, whether civil or criminal,is begun that in Lender c goad faith judgment
<br /> � , could nsult in forfeiture of the Property or otherwise materially impair the lien crcated by this Security Instrument or
<br /> � ;.�•,...*, .� . Lender�security interest. Borrower muy cure such a default and ceinstate,as provided in paragraph 18,by causing the action
<br /> or procceding to be dismissed with a ruling thut,in Lender's good faith determination,precludes fodeiture of the Borrower�s
<br /> �;,�" ' "' � interest in thc Property or other muteriut impairtnent of the lien created by this Security Instrument or I.enderS security
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<br /> %�•�!��•";�� -:;�• :'� intrrest. Borrower shall also be in default if Borrower. during the loun application proccss. gave materially fafse or
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<br /> • • s'".7•:�:�ct�'.�� Inaccurate infomietion or statements to Lender(or fniled to provide Lender with any material information)in connection with
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<br /> j�X.���� •� � �; the loan evidenced by the Note. including, but not limited to. representations conceming Borrower:s occupancy of the
<br /> t`4' ':•,��;'�•� �':��' Property as a principsil residence. If this Security Instrument is on u leusehold,Borrower shall comply with all th�provisions
<br /> �•.i��'•;.
<br /> of the leuse. If Borrowec acquires fee tltle to thc Propetty,the leusehold and the fee title�hall not merge unlexs Lender agrecs
<br /> - .:,.,'--'` , to the merscr in writing.
<br /> 7. Protectton of Lender's Rights in the Property. If Borcower fails to perform the covenants and agreements
<br /> contained in this Security Instrument, or there is u le�al proceeding thut may significantly affect Lenderc rights in the
<br /> Property(such ns u proceeding in bankruptcy,probate,for condemnatiun or forfeiture or to enforce luws or rcgulations),then
<br />_ Lendcr may do And pay for whatever is neccssary to protect the value of thc Property and Lender�rights in tha Property.
<br /> i. ; Lenders actions muy include payins any sum�securcd by u lien which has priority over this Security Instn�ment,uppearing
<br /> � � in couct,paying rcasonublc attameyz'fces and entering on the Property to makc rcpuin. Although Lender may take uction
<br /> � � � under this paragraph 7.Lender dces not have to do so.
<br /> � Any amounts disbuncd by Lendcr undcr this parr�gruph 7 xhult becomc additional debt of Bortower secured by this
<br /> -- Securiry Instrument. Unlesti Borrowcr und Lcndcr agrce to other ternis of puymcnt,thesc amounts sBall bcar intcrcst from the
<br /> ,��' dute of disbursement ut the Note rutc und shull lx: payuble,with intcrcxt,upun notice frum Lender to Borrower requesting
<br /> payment.
<br /> S. Mort�age Insurance. [f Lcndcr reyuircd mnrt�agc inwrunce•rs a condition of making the loan secured by this
<br /> Security Instrument. Borrowcr,hall pay thc premium� requircd to maintain thc mortg•rge insuruncc in effect. If, for uny
<br /> reation, the mortgaFe insurance coverage reyuircd by Lender lap+rs or ccase+ ti� be in effect, Bortower shull pay the
<br /> , , premiums myuimd to ahtuin mveruge suhtituntially eyuivalent to thr mortguge in,u�unce prcviously in effect, at a cost
<br /> tiubstantiul ly equivulent to the cost to Borrowrr of thr mortgage intiur:►nce prcviously in rffect,fr�m un ultemate mortgage
<br /> • insurer approved by Lender. If subtituntially eyuivulent mongagr insurance coverage ix not available,Borrower shup pay to
<br /> �� Lcndcr cach month r sum cyual to one-twrlfth of thc yearly mortgagr insurancc prcmium bcing paid by Borrower whcn the
<br /> insurance cover:�ge lapxed or ccatied to he in rffect. Lender will urrrpt,uxe:►nd rrtain thetie payments u+u loxs reserve in lieu
<br /> � of morlguge insurancc. Lo,s rc�rrvc payments may no Ic�ngrr hr rcyuireJ,ut the uptian ot Lender,if mortgage insutanCc
<br /> coverage(in the amount;uid for thr peruxt Ihat Lendrr mquimti>pnwided by an in,urer.ipproved hy Lender ugain lxcomes
<br /> ;. . • avuilable and is abtained.Borruwcr,hall pay thv premiumr rcyuircd to maintain mongagr insuraner in effcct,or to provide s
<br /> t . ' . lors reserve,until thc myuiremrnt for mortgagr in,uranrr rnJ.in ucr<irdunce with any writtcn ugreement between BoROwer
<br /> _ and Lcnde�or:ipplicablr law.
<br /> 9. Inspection. Lendcr ur itti agcnt muy mxkc rea+unahlc rmrir+u�m nnd imExction, of thc Property. Lender shull
<br /> � . � give Borrower notice at tlte tim�uf ur prior to an im�xctiun�pecifying rr:uonabk ruu�r fur the iisFxction.
<br /> . , f !0. Condemnation. �rn�r���«<a.��r un.���•ard ur rlaim tix dam:i�;r+.direct or ronuyucntiul,in conncrtion with any -
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