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<br /> 10�612
<br /> period�that L.ender roqulrca. The iruunnoe crnier provldinQ the inwrance s�11 be clwren by Hamwer wbject to Lerxierti
<br /> �prov�!which�h�ll not be unreaonably wi�tttxW. If�acrower Pailr to m�intain covnn�c dex�ribed�twvo.Lender mRy,u
<br /> L.eaderti option,obu�in rnven�e to prc�tect Lrnder's d�hts in the Ptoperty in acccxd�u�ce with par��r�ph 7.
<br /> All inwr�nce policks md rcnewals sh�li be acceptable to Lender wxi stuil ii�clude�Rhn�lund mat��Qe claure. l.rnder
<br /> — shall lave thc dght to hold the pollcie��ncf nncwnlx. If Lender Kyuirc+,Bnrmwcr�hall pnxn�xly�ivc to l,cnder all ca:clpts
<br /> -- af p�id prsmium�►uid Knew�l iwtices. In�Ix� event uf lo►s, 8urn�wer xh�ll ylvo�ompt nwleo to tho inNUnnce cartkr uid
<br /> l.e�ler. Lender rn+�y mNke{xuof of Icnw if not mak pramptly by Bwruwer.
<br /> = Unk►s l.ender�nd 8arrower iKhcrwiAe agrce in w�iting,inr�urr�nce pnxeed�shwll hc w�►lird to rc�1�ti�►n or ropair of �
<br /> _ �Ix Prupeny d�m�Qaf, if the rc►tor�tion or repair is ecancxnicrlly fe�siblc und Lcndcr� �ccurity is nw Ics�ciKd. (f the
<br /> re.t�ation or rcpwir i�not economically feuibk or Lenderr+ecurity would be Iear.ened. thn inxurwice prareeds sh:�ll be
<br /> __. __: __ __a epplied to ihe sums securcd by thiti Securety lnstrument. whethcr or ncx then due,with any exce�s puid tn Borrowar. ►f --
<br /> _ Borrower �bandonc ttu:Prapeny, or docs not answcr wUhin 3U days u notice from Lender that the insuruncc currier has
<br /> offercd to settle u claim,�hen Lander muy colTect the insuranre prcx��eds. Lender muy use the proceeds to re�air�ir rcxtore
<br /> the Property or to pay tiums sscurcd by this Security instrument,whedier ar not thcn due. The 3U•duy periad w�ll beYin when
<br /> ___ _ _ ___ the nodce is given.
<br /> — ---==_— Unless Lender And Borrower othenvise ugree in wrlting,any application of proceeds to principat shap not extend or
<br /> •:.��.�.� postpone the duc date of thc monthly paymcnts rcfecrcd to in paragraphs t und 2 or change the umount of thc puymcnts. If —
<br /> under paragraph 2t the Propeity is acquired by Lender. BorrowerS right to uny insurance policies and praceedr rcsulting
<br /> from damagr ta thc Propeny prior to the ucquisition shal!paas to l.eruier tu the extent of the sums secured by thi�Security
<br /> Insuument immedfatcly prior to the acqui�ition.
<br /> • . d. Occups�ncy. Pretiervation. MaintenAnce wnd Protection ot the Property; Horrower's I.oan Applir�tion;
<br />-.' I ,'z., Leaseholds BoRawer shall occupy,establish, und use the Propeny as Borrower�principal residence within sixty days ufter
<br /> � s```-'�' the cxccution of this Securit laatrument anJ�hall continue to occu the Pro rt as Borrower:s rinci al residence for at `-
<br /> 4�'���'Y�',"~;' Ieast one year after the date of occupancy, unlexx Lender othenvise a�rc� �n writing, whi h consent shull not be
<br /> . ��''-�"='����'.� unma.wnably wlthhe(d,or unlesx extenuating cimumstances exist which are heyond Born�wer:control. Borrower shall not —
<br /> "' " �' °. ' '.'` ` ' destroy,damage or impair the Propeny,allow the Property to deterior.�te,or commit watite on Nrc Praperty. Borrowcr shall —
<br /> • -,.��;u„-. ,�,, ;�•., be in defuult if any farfeiture uction or praceeding. whether civil or criminal,is begun thut in Lender's goal faith judgment —
<br /> �� • ��" could result in forfeiture of the Property or otherwise materially impair the licn cmuted by this Security Instrument or
<br /> •_ `'� Lenderl securiry intemst. Borrower may cum such u defuult and rcinctute,us provided in puragruph I R,by causing the uction —
<br /> �" '� or proceedin�to be dismixsed with a ruling ihat,in Lenders good fuith determination, pmcludes forf'r.imre of the Borroweri =
<br />- •�;�•�•� • •• intercst in the Propeny or other muterial impairment of the lien created by this Securiry Intitrument or Lender's security
<br /> . ; , interest. Borrowcr shall ulso be in default if Borrower, during thc loun applicatiun praesr,gave materially falx or
<br /> • inaccurrte information orxtatementx to i.ender(or failed to provide Lcnder with any material intormation)in connection with —
<br />-- ,,rp��:;.:,,,:;_ .,,�_, thc loan evidenced by the Nate, including,but not limite� to, representations conceming Horrower's accupancy of the —ti�
<br /> _;�,,,______,_._ ;�. Property us n principal,rcsidenca If this Security Intitrument is on u leasehold.Borrower shall comply with all[he provisions �`-
<br /> - - • -.. • •• of che ieasc, it H�rrowcr acquires tcc title to the Propeny,the Icatichold and the fee tidc shuU not mrrge unle.s Lender aFreeti
<br /> , to the merger in writing.
<br /> 7• Protection ot I.ender's RiRhts tn the Nroperty. If Borrower fails to pedorm thc covenants and agreements --
<br /> ' ' contained in this Security Instrument, or there is a Iecal proceeding that may signiticantly affect Lenderl rights in the
<br /> Property(such u u proceeding in bankruptcy,probate,for wndemnation or fodeitum or ro enforcc luws or regulation+).then �,�°
<br /> Lender may do and pay for whatever iti necctisary to prntect the value of the Property and LenJer's rights in the Property.
<br /> Lende�;uciiom muy include paying uny�umti tiecured by a lien which ha+priority ovrr this Security In�trument,appearing
<br /> in court,paying rcawnuble attarncys'fec. and entrring on the PropcAy to mnke repairs.Although Lender may tuke nction
<br /> under this paragraph 7,Lendcr dces not have to do so. —
<br /> � Any amounts ditibuned by Lendcr undcr thi� paragr•rph 7 tihall ixcome udJitional debt <�f Burrower serured by this �
<br /> ��..•. Security Instrument. Unleti.Borrowcr and Lrnder a��rer t�►�ithrr tenm<�f n rnent,the�e amount,�hall l�ar intemst from thc
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<br /> �• , date of dis6unement at the Note rate�nd xhall hc payable,with interc,t,upon notice from Lender tu Borrower rcyuc+ting
<br /> ` payment. '
<br /> , ,. 8. 111ortgaRe Insurance. !f LrnJrr reyuired mortgage in.urunrr ati a condition of making the to•rn tircurcd by thi, �-
<br /> Securit Inurument. Borrowcr shall �''
<br /> y pay thc premiums requircd to maintain Ihc mortgage intiuranrc in effert. It, for uny �.,_..
<br /> � reaxon, the mortgage intiuratxe cove�age r��yuinJ by Lender lap+e. or cratir� to he in eftect. Borrc>wer ,hal! pay the F,;,;
<br /> ; . , premiumti myuired tu abtain ernrra�r ,uhtiiantially cquivalrnt t<� the murtgagr insurancr prcvioutily in effrct, at a cost ,:���;
<br /> �ubstuntially cyuivulcnt to the en,t to Burmuer of thr murt�agr in�urance pmvioutil�• in eftect,frorn un altemate mort�age
<br /> insurer uppmvcd by Lender. If tiub�tantially cyuivalrnt mon�uge insurancc covrrage i s nut availab(r.Borrower,hall pay ro
<br /> :� Lcnderearh rnonth a.um equal to onr-�wrltlh iif the ycarly mottgugc intiurance premium txin�paid hy Borrowcr when the
<br /> insurancc cov�ra�!c laptird or ccaticd to Ix in rff�ct. Lrndrr u ill acccpt.u,c and retain thc.c paymcnt�a+a lo..m�crvc in licu
<br /> `� v. : of mortgugc insu�ance. L��..rc,crvc�yymrnt. m;�y m+longrr Fk rcyuircd, at thc optiun uf Lendcr,if crortg�gc inwrancc
<br /> -';,, covcragc(in thc amount and 1'or thc�xriext that Lendcr rryuirrti)prciviJrJ by •rn imurcr approvrd by Lender again Fxcumc. F
<br /> . °� avail•rblc unJ i+obtainrJ.Borrower�hall pay Ihr prcmiumti reyuircd to maintuin murtgugc inwr,�nce in eftert,or tu pro�•ide a f
<br /> ;: los,reserve,until the myuimment for mangagr in,uranre rnJ,in arcordunce with any wriacn agrerment betwren Borrower (
<br /> and Lendrriir applicablc law.
<br /> - 9. [nspection. Lcnder or it�agrnt ma� mal.r rea.unaMlc rntric. ulxin and in.�xrti�m,��t'Ihe PruExny. Lendcr,hall
<br /> ,� : � givc Bom�err n��ticc at thc timr�if ur pri��r tu an in�Exrtion.�xcif}•ing rra,onahle rau�r fi�r thr i mp��tion. ,
<br /> ',` 10. Cundemnytiun. Thc prorecd,uf;my aw�ard ur claim t��r damagr..Jirrct ur cumcyurntial, in connrrtiun w•ith uny
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