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<br /> periodr that Lendo�roquiros. 7'la i�un:we�artier provWin�the lnwr�aoe�il iw cha.�n by Rortvwer webjxt w laruierti
<br /> �pproval which�hall nd be unroaronably wlthheld. �f Bcxru+var fiil�to mafnu�in�ravar�e de�cdbed abnve,l.aidar msy,Nt
<br /> Let�dert oqtion.obWn covenl{e to p�ntoct t.nnderle dshu in tht P�ro�rty in Mcco�d�nc.ro wlth p�ts�rnph 7.
<br /> - —_-- A!1 irtsut�nce pollcle�astd�rne�yafa shatl beec�pseMe ta L ara.'s��!!frtc!etde n emnderd meit:a�clauso. L�drr
<br /> � �hall have the right to hoW the palicies utd renewals. If Lender rcquire�,Borcower�hall pranptly�ive to Lender dl meipt�
<br /> of p�id premium�uid renew�l notice�. In�he event of lois.Bomower stuill�ive�xompt notice to�K insurmce carrkr md
<br /> __�. _�a l.ender. Lender mxy maice proof af las�if na m�de pramptly by E�wer.
<br /> � Unless Lender w�d liorrower otherwiK agrce in writin�,insurAnce prabode�shall be�pplled to restor�tion or r+ep�ir of
<br /> _ the i'ro�erty damaged. if thc rcstoration a r+epotr is economicalty feasiblc ond Lcnder�sGCUdty Is not Icssened. If the
<br /> s ne�torotion nr repair is not ecax►mically feesjbk or Lender�s security would be lessmed,the insurance praceeds shal l be
<br /> applied to the sums secured by this Security Instrumeat,whether or not then due, with �ny excess paid to Bomower. If
<br /> Botrower ebendons the I'ro�xrry,or does not answer within 30 days a naice from I.ender that the insurance currier hu
<br /> offercd to settle a ciaim,then Lendcr may mllxt the insurance proceeds. Lender may use the proceeds to rtpair or rcstore
<br /> -._ ________—__—�� the Property or to pay Rums secured by this Securiry Instrument,whcther or not then due. 'llie 30-day period will begin when
<br /> the notia is given.
<br /> --.�. Unlcss Lendcr end Horrower otherwise agrce in writing,any applicutIon of proceeds to princlpal shall not extend or
<br /> — � postpone the due date of the monthly payments referred ro in puragraphs 1 and 2 or change the amount of thc payments. [f
<br /> under paragraph 2l tt►e Property is acquired by Lender,Borrower�s nght to any insurance policies atid proceeds resulting
<br /> -�- from damage to the}'ropecty prior to the acquisition shall pass to Lertder ta the extent of the sums secuned by this Security
<br /> - __ Insuument immediately prlor to the acquisition.
<br /> . - '� � 6. Occupitncy. Preservatlon, Mstintenonce tnd Protection oi the Property; Borrower's i.oan AppHcation;
<br /> Leasehotds. Borrower shult occupy.estublisD.and u�e thr Pruperty us Burrower a priucipal residence within sixty days after
<br /> the cxecution of this Secudty Instrument and shaq continue to occupy the Property us Borrower ti princlpul residence for at
<br /> • �A� '•'�` least one year after the date of occupancy, unless Lender othenvise agrees in writing, which consent shal! not be
<br /> "' h"`�"�°� unreasonubl withheld.or unless extenuatin circumstanccs�xist which ure be ond Borrower's control. Bormwer shall not
<br /> M.:��=;.:.:...';.`;. •."=, Y B Y
<br /> •.���R.;, destroy,dumage or impair the Property,apow the Property to deteriorate,or commit waste on ihe Property. Borrower shull
<br /> "��� �`�'� be in default if uny forfeiture action or proceeding. whether civil or criminal,is begun that in I..ender'.s good faith judgment
<br /> � ;:.".yi,..�,,,t •..,,.
<br /> ,��yu;�,;,,�,�,,,r,,�, � could result in forfeiture of the Property or otherwise materially impair the lien created by this Security Insirument or
<br /> ,:y;;,,.}.;,,;.;,,•`�: ..,, Lender's security interest. Borrower may cure such a defnult and reinstate,As provided in pamsraph 18,by causing the action
<br /> ,. or proceeding to be dismissed with u nrling�hat,in L.endcr's gaad fnith determinatioi�,precludcs forfeiture of the Borrower's
<br /> � A�.a.:'"•. .•. interost in the Propeny or other muterial impuirment of the lien created by thix Security Instrument or Lenderx security
<br /> _ •""'' :.`' :�." •' intercst. Borrower shall also be in default if Borrower, during the loan appfication process, gave materiully false or
<br /> ', ��� inaccurate information or statements to l.endar(or failed to provide Lender with nr�y materiul informutian)in connectian with
<br /> ,;�1.�;';;,y�,i�;;.,�_.� the la,�►n evidenced by the Note, including, but not limited to, rcpresentations conceming Bonower's occupancy of the
<br /> ;.�:,�-�;�_.-.�—•;_�' F'ropeRy us a principu�residence. If this Securjty Insttument is on a leusehold,Borrowershall compiy with all the provisions
<br /> of the lease. lf Borrowcr acquires fee tidc to the Property,the lcaschold und the fee title shull not merge unless Lender agrees
<br /> ' � '.' ro thc mergcr in writing.
<br /> 7. Protection of I.ender's Rights in the Property. If Rorrowcr fails to pedorm thc covenunts :uid agreements
<br /> contained in this Sccurity lnstrument,or �here is a Iegal proceeding thut muy significandy affect I.enderz �ightti in tha
<br /> Property(such�,a prexeeding in bankruptcy,prob:�tr,fi�r condemnation or forfeitum cx tc�enforce luws or regulutionx),then
<br /> Lendcr may do and pay fi�r whutcvcr is necc�sary to pr��tect ihc vuluc of the Property und Lendcr's�ight�in the Pro�x:rty.
<br /> " Lender;uction+muy incluJr paying uny�umti xrureJ by u lirn whirh ha� prio�ity over thi�Security In.trument,�p�xuring
<br /> � • in court,paying reu�on:�blc uttomry�'Icc.and cntcrin� on thr Pru�xny to m•rkc rcpain. Ahhough Lcruirr muy takc ucticx� _�
<br /> ' ,,,,,,�.:,�.. undcr thix purugruph 7.l.cndcr dck.nut huvc tu Ju w.
<br /> �'�. : Any umuunh Jirhunrd hy Lrnder undrr dii� parngr.�ph 7 ,liall Fxc��mc udditi�mal Jcbt uf Hurrc►wcr,crured hy this
<br /> ��`• � • ' Se�urity Imtrutncnt. lhile��Rortowrr and Lender a�rce�u uthrr tenn.uTp;rynx��t,the,c unx�untr.hall Ikur imrre,t fr�x�� thc
<br /> ~ datc uf disbur.Kmcnt ui thc Notc rntr unJ ,h,�ll Ix payublc, with intrrc�t,upim noticr fn�m Lcndcr w Borrowcr nyuc,t in�
<br /> ` 4 paymcnt. --
<br /> - 8. Mort�;aKc InsurLnrc. If LenJcr rcyuircd mi+rt�:u�c in,uruncr ati a r��nditi�m ut�making thc loan ucurcd hy this _
<br /> Securiry Imtrumrnt. Barcuw�r.hcdl pay tlx rremiums myuimd tu mainrrin thc nwnga�r in�uri+nrr in rftcct. If, fur any
<br /> Ru,ixi. thr mort�agr in.ur.inrc cuv�ra�;c reyuimd hy Isndrr lapx, iir rca,r, to tx in ct'tert. Hurrowcr tihall pay thc
<br /> ' promiumx rryuiruf tu obtain covrr,►gc,uh�uintially cyuiv;ilcnt to thc mnrt�;a��r in.ur:nicc prrvioutily in cffcrt.i►t a co.t —
<br /> • ,ubstantially cyuivalcnt tu thr rotit a� Hurruwcr nf�thc nwrt�:agc in,urancr pnviuu+ly in clfcrt.frum an ultcmatc mon�agc �..
<br /> imurer uppn�ved My I.ender. I(wb�r.mtially ryuivulrnt mortgugr in,urance covrruge is nut availablr,Borrowrr�hull pay to !
<br /> _, ,� Lendcr rach month a+um cyual tu onr•tw�llih of thr yc:�rly murt�age in.urance premium Ixin�paiJ by B��nnwrr when the ;`
<br /> insur+nce coveragc lap.cd ur ccu,�d tu Ix in et'tcct. I.��n�irr wiN arrrpt.v,c mid�rtain theti�paymrnh ns a lus�rrtiervr in 1 ieu
<br /> • � of mortFagc in.urancc. Lo.s mscrvc paynxnt�msy no lungcr tx reyuinJ, ut thr o��ti�m ot Lrndcr,iT murtgagc insuruncc
<br /> covcragc(in thc amount:md tiir thr Fxri�xi Ihat lendcr rcquirc,►pru�•idrd hy an in+urcr approvrd hy L�nJcr aguin lxcomc.
<br /> � uvail•rblc and i.ohtuinrd.Borrowcr tih:�ll�r.ry thc pr�mium+rryuircd tu maintaiin n►urtg:igc in,urance in r(t'act.or to providr u
<br /> , loxti resrrve,until the myuircmrnt for mnrtgagr in�urancr rnJ.ii�acrordanrr H�ith any ��ripcn agrecment txtwc�n Bom�wer
<br /> and Lrndrr ur applicablc luw.
<br /> ' 9. Inspection. l.ender ur iu i�grnt ntay makc nawnablr rntrir� uExm and intiExclii,m uf thc Pru�xrty. Lender xhall
<br /> givr Barmwrr nntirc at thr timr oT cir priur to:in im�xctiun,Txritj•ing rravinahlr rau�r(nr thc in.Fxrt�on.
<br /> ,'` f 10. Condemnution. Thc pnxrcd.ut an� aw•ard u�cl:iim li�r d;nna�c,.Jirrrt ar cnn�cyuetrtial. in c��nncctiun with any
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