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<br /> � psdnda that Lender require:. Tho in�ur�nce curler provfdina the lnsunurce siull be cFxMen by Borrower subject to La�fery
<br /> ap�xov�l which�11 not be unreasoe�bly withheld, lf Bortower fail;ta m�int�in coven�e described abr►ve,Leodet m�y.+u
<br /> l.aiderls aptian,obu�in eoverage to proteet Lender`�ri�hU►in the P[operty in aceordw�ce with pacapr�ph 7.
<br /> All ipaur�nce policie�uxi rcnewalc shafl6e eccept�ble to Lender�nd rhdl lnelude a stand�rd mort�aYe clauce. L.en�ier
<br /> �ry sha11 have tltc riYht to hold the policies wid renewals. If Lcnder cequirca,Borrower shull promptly give to L.ender�II recelpts
<br /> of pdd premlums and nenewsl noticec. In the event of loss,Borrower shril �ive pr�npt notice to the in�unu�ce curler and
<br /> L.ender. I.ender may m�lce proof of lass if not mude promptly by Bamwer.
<br /> � UnlrMV l.e�ulrr urx!Aonuwer wl�e�wise ogree in wnting,iasur�ncc procucls sh•rll bc:apptied to restomdon ar rcpalr of ��
<br /> . t tho Property dana�,ed, if the nstontian or repair is economicully feasible and Lcndcrk eecudry is not lessened. If thc
<br /> restorution or rcpair is uot eccxiomicaily feusible or l.ender!s securlry wauld be lessened.the insurance proceeds sitAll be
<br /> upplied ta the suma securcd by this Secudty Instcument, whether or not then due.wlth any excess paid to Bornower. If
<br /> --- Burrower�bandons the Prqxrty, or dcxs not anxwer within 30 days a notice from Lender that the Insurance curier has
<br /> - ---- offered to settle a claim,then Lender may collect the insurance procceds. i.ender muy use the proceeds to npair or resto�e
<br /> -- - "" - • the Propeny or to pay sums secured by this Sceurity Instrument,whether or not then due. The 30-day period will begin wt�n
<br /> - .- __- - -�--� the notice is given. —
<br /> _ __—�N� Unless Lender and Botrower othenvise agree in writing,any applicatian of proceeds to principal shall not extend or
<br /> —�-�'����+� postpone the due date af thc monihly paymenu c+eferred tn in paragraphs 1 and 2 or change the amount of the payments. if
<br /> under paragraph 21 the Propeny is acquired by Lender, Borrower s right to a�y insurance policies und proceeds resulting
<br /> _ - - -_ _ from damage ta the Property prior ta the acquisition shall pa.�s to Lender to the extent of thc sums secured by this Security
<br /> �` ' �-��� - Instrument immediately prior to the acquisition.
<br /> i7••
<br /> ' �• :-•_-.r� F• 6. Occupancy, Preservation� Maintenance and Protection of the Property; Borrower's Loaa Applicwtion;
<br /> } '�''� •' Leaseholds. BoRawer shull occupy,establish,and use the Property as Borrower�principal rcsidence within sixty days after _
<br /> .<r: `. '
<br /> � the execution of this Security Instrument and shull continue to occupy the Property as Bocrower's principal rcsidence for at
<br /> Ieast one yetu after the date of accupancy, ualess Lender otherwise a�rees in wridng, which consent shall r►ot be
<br /> •� unreawnably withheld,ar unless extenuatin�circumstances exist which are beyond Barrower s control. Borrower shall not
<br /> ' destroy,dumuge or impair the Propeny,alluw the Propeay to deteriorate,or commit waste on the Property. Borrower shall
<br /> � , be in default if any forteiture uction or proceeding,whether civil or criminal.is begun that in Lender's goad falth judgment
<br /> . could result in forfeiture of the Praperty or othenvise materially impair the lien created by this Security Instrument or
<br /> ' Lender's security interest. Borrowrr may cure such a defuult and reinstate,as provided in paragr�ph 18,by causing the action
<br /> or procceding to be dismissed with a�uling that, in Lender�gaod faith determination, precludes forEeiture of thc Borrower's
<br /> interest in the Property or other material impairment af thc lien created by this Security ]nstrument or Lender's security
<br /> intercst, Borrower xhall alxo be in default if Borrower, during the loan upplic�tion praess, gave materially fAlse or
<br /> inaccurate information or statementti to Lender(or fuiled to provide Lender with uny material informAtian)in connection with
<br /> the loan evidenced by the Note, including, but not limited to, reprcsentations conceming Borrower's• occupancy of the —_
<br /> _ - _.__-_-.__- PropettY ts.s a principu!residence. If this Security lnsirvmPnt is on tt I�a�Phnlci,R�rr��wer chall cc�mply with all the provis'tons -
<br /> of thc leusc. If Borrowcr ucyuires fcc titic to the Pn�perty,the Icusehold and thc fce titic shall not merpe unless Lender agrees
<br /> to the merger in writing.
<br /> 7. Protection oY I.ender's Rights in the Property. If Borrower fails to perform the cuven•rnts ;uid agreements
<br /> contained in this Srcuriry In,trumcnt, or thrrc is a Icgal procecding thut may signifirantly affect Lender+ rights in the R_,,;
<br /> Propeny tsuch us u proceeding in bankruptcy,probate,for condemnution or forfeiturt�or to enforce laws or regulations),then _
<br /> Lender may do and p.ry tor whutevcr is neccssary to protect thr valuc of the Prope�rty and Lender's rights in the Property. "_.
<br /> Lender's actions may include payinF uny sums�ecurrd by a lien which hati priority over this Security Instrument,uppearing �'"
<br /> � in court, paying rcasonuble attomeys'fees and rn[ering on the Property to muke mpuirs.Although Lender may mke uction `'"=
<br /> ' under this paragr�ph 7,Lender docl not huve to du�o. ��
<br /> �..;•:
<br /> f'. Any umounts disbur+cd by Lendcr under this raragruph 7 xhull tx:come additional debt of Bnrcower secured by this �.,
<br /> 1� , Sceurity Intitrumcnt. Unlc�ti Borruwcr and Lendrr•r�ree tu other tcrm+ot'payment,the,c amounts shull bcur interest from the ��-
<br /> .� ,, dute of dishur.c�:ment at thr Note ratc:►nd tihull tk payubk,with imemst,u}xm ncnicr from Lende�to Bormwer requescing �[r_
<br /> payment. �„�
<br /> S. Mortg�Qe Inyuranee. If Lender reyuinJ nu�rtgagr in.ur:mcr as .i condition of making the loan tiecumd by thix �;,
<br /> Sccurity ln�trumrnt. Borr��wrr.hull pay thr prrmium+rryuircd to maintain thr mortgagr insuruncc in rffect. If, t'or any E
<br /> • re•rson, the mongagr in.urance c�rvcruge rcyuirrJ by Lrndrr lap�r+ c�r cr•r,c. tu tx in effrct, Bocrower shall puy the ,:
<br /> pmmiums reyuircd tu uhrrin covcrage sub�tantiall�• eyuivalcnt to the murtgage imurancc previoutily in effect, at a cort �.__'
<br /> ,ubstuntiully cyuivalcnt to thr co,t to Borrower of thr murtgagr intiur:mre previuu�ly in eftcrt,frum an ultemate mortgagr
<br /> insurcr appruved hy Lrndrr. If,ubtitantially eyuivalent murtgagr imur.►nce covcragr i,nut avuilable.Borrox•cr.h:►ll pay to
<br /> � Lender each month a sum ryual to one-turlfth uf thr yrarly murtgagr in.urance premium Fxi�i�paid by Burrow�r when the "
<br /> insuruncc c��vcruge lapscd��r rraxd to tx in rflcet. Lendrr will ucccpt.utir and rrtuin thex pa)•mcnh u,a lo.�reservc in lieu -
<br /> of mortgrge in,urancr. L�n�m�rrvr payment+ ntay nn Icingrr Fx rcyuittd, ed thr uptiun uf L�ndcr,if mortguge intiurancc �_�
<br /> , roveragc (in the amount and tiir the�xrial that Lrndrr require+l prcrviJcd by an in�urrr appruved hy Lcnd�r again lxrcomes �;'.
<br /> � availahlc und i.ohtuinrd.Borrowcr,hall pay thc prctuium.rcyuind to maint:iin mortgagr intiur:►nrr in rffrrt,or to providc u .
<br /> los.rctirrvc, until thr rcyuircmcnt far mortgagc in+uranrc rnd.i�accordunrc Nith iuiy��•rittcn agRrment txtwecn Barmwcr
<br /> and L.rndcr or applicaMr law.
<br /> . 9. Inspection. Lender��r it.agrnt�nay makr rca�unablr entric. u�xm and in.perti��m uf the Pru�rty, Lendrr xhull
<br /> givr Bc�rrowrr notirr at thr timr of or priur tu an imExrtiun+�xrifyin�rcu,nnaMr rau.r tiir Ux in.�xction. �
<br /> t. I IU. Cundemnation. 'fhe pnxecd,of any aNard or cl;iim tirr d:unu�e..dir.•rt ur runtiequrntial.in ronnection with any
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