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<br /> period�that Lender n�uiru. 71�e inwru�ce curier{xnvldin�ihe insunnc�e�hxll be rho.en by Barrower wbject ta Ler�dork
<br /> �pQrov�l whkh�11 not be unreaRa�xbty wl.hheW. 7f llorrower f�ilr a malntain covery�e deicribed abova�Ln�ix nu�y,M
<br /> Lander�optioa.obt�in�oven�e to p�r�aK l.a�dert riRfiu in the Pcoperty in�oca�d�rxx with pwn�r�ph 7.
<br /> All inwr+ma pollcies u�d t�enewafs sh�:t be�crsp�We tu Len�er�nc!�luil include��uu�du�d mottQ�e cl�ure. Lender
<br /> _- ----- -- �hall have the right w boW tha policiea md��new�is. if l.ender reyuire�,8orrowe�sluil Pr«np�Y�fvc to Lendrr+�ll rae{pu
<br /> af p�id prcmlutn�and renewal ndices. In thc event of loxx,tinn+uwer�h�il�ive praryr��wtice w dx itt:urancc c�csicr asid
<br /> Lendec L.eider may m�fce proof of loss if na m�de promptly by B�x�uwer.
<br /> Uniess Ixnder and Bormwer ahcnvixe agrrx in wnting,incurance pmceai�tih�ll be�ppQed to restarntion�x rcpatr of
<br /> T�'-��`-'�`g the H+a�erty damtged, if rhe a�t�xx�iWi ur re�s+ir ie rcawniicwNy fi:�wtbk�wtiJ L.:nJ�:rk ru;udty Is not lci�cncd. It thc --
<br /> = reuonuwn a np�ir is not eca�omically fe�uible or Lenderk socurity would be le�su�ed.the inaurance proceeda�ul1 be
<br /> �pplied to the sums securcd by this Socuriry Imtroment,whether ar not then due. with my excez� ptid to Bortowec If
<br /> "---- - Botrower abuidons the Pcopcny,a•dora nut w�swer within 30 d�ys a naticc from Lender thut th- insuraiuc cardcr hus - -
<br /> afferod to settle 4 claim,then Lender m�y cotlect the inxun�nce pnucods. Lender mry use the pracoeds ta re�air or restw+e
<br /> — the Prc�perty or to pay cums secured by this Security Instrument.wi�thcr ar rat then due. 'iUe 30�Jay period w�ll be�in when
<br /> thenotice isgiven.
<br /> "` �m� Unless Lcnder and Borrower otlxrwise a�rce in wdtin8��Y aPPlication of pnxreJ.w prirn:ipal�huil nut exte�xl ar
<br /> postpone the due date of the monthiy payments rcferred ro in parugraphs 1 and 2 or change the amaunt of thc payments. If
<br /> urider parngroph 21 the Prope�ty is acquircd by Lender,Bamower?s right to uny insurunce pollcies end procads rc�ulting
<br /> from damage to the Propeny prior ro thc�cquisition ahall pass ta Lendcr to thc cxtent of the sums secured by this Sxurity
<br /> - lnswrnent immediatcly prior to the acqui�ition.
<br /> - 6. Occup�ncy, Preservxtion, Mpintensinct And Protectton ol' the Property; Borrowe�'s 4w►a Applkalion;
<br /> "i�' Lt�holds. Borrower shail accupy.establish.end use the Property us BorrowerS principal residence within zixty days�fter
<br /> �•- the eaecution�f this Security insuument and shall continue to occupy the Property as Boerower!,pr�ncip•al rcsidence for at i
<br /> least one year after the dute of occupancy. unless Lender otherwise agn:es in writing. which coment shall not be
<br /> unreasonably withheld,or unless extenuating circumstnnces exist which um beyond Borrower's control. Borrower shalt not
<br /> �;;^:�r;�„�! . , destroy,damugc or impalr the Propeny,ullow thc Property to deteriorate.or commit waste on the Pmperty. Bornower shall
<br /> �`�;'��j�•�-u���_�: be in default if any forfeiture xtton or proceeding,whether civil or criminal,is hegwi that in Lender's goai fAith judgment
<br /> . could rcsult in forfeiturc uf the Property or otherwiye muteriAlly impair the lien created by this Security Instrument or
<br /> :<-'��"s"� Lender's security interest. Borrower may cure such u dcfnult und mmstate.as provided in paragraph 18,by causins the xtion
<br /> �.�'�x�^& or proceeding to be dismissed with u ruling thut,in Lender's•good fuith determinatiun,precludes forfeiturc of the Bomnwer:
<br /> ��y.., _ . ..,� —
<br /> ,�'�b��;';:`•:�I. ,:,,A interest in the Property ar othe� materiul impairment of the lien created by this Secu�ty Instrument or Lender's•sccurity
<br /> interesG Borrower shall nlxo be in default if Borrower, durins the loan upplicatian pcocess. gave materially false o�
<br /> '�'�►�;4,:`- ��;'� � -�` inaccurate infoitnation or statementti to Lender(or failed to provide Lender with uny material informution)in c�x►nertion with
<br /> +�xi :: -.• ,�• the loan evidenced by the Note, including, but not limited to, representations concerning Borrower's occupancy of the
<br /> - �''"y`' ':;; . ,�.'�' Property as a principal.msidence. If this Security Instnrment is on a leaxehold,Bcxrower shall comply with ull the provitiionx
<br /> '';"'i"'� af thc Ic�.;t. if 8arsov:er acquires fee title to the Pro�erty,the lest�ehald und the fce title shell not snerg��unless l�n!�?r agnr• ,
<br />, , - . to the mergcr in writing.
<br /> .. � � 7. Protectlon oP Lender's RiRhts in the Property. lf Borrower fail,to pedom� the covenants und agreements
<br /> "; • contained in this Security Instrument, or therc is •r Icgal procceding thut may sisnificanUy affect Lender's rights in the �'-
<br /> �. Pro rt s � _
<br /> , . pe y(.uch as a proceeding in bankruptcy,probate,for condemnation or forfeiture or to enforce laws or regulationx),then
<br /> . Lender muy do und pay for whatever ix necessary to protect the value of the Propeny and Lender�rights in the Property.
<br /> Lender's actions may include paying any�um�srcured by a lirn which ha�priority over this Security Instrument, appearing =__
<br /> in court, p•rying reusonable uttorneys'fecs und entcring on the I'roprny to make rep�irs. Although Lender mny take action =
<br /> �'�"'"`�`"�''`' under thiti paragraph 7,Lender dcex not have to do so.
<br /> - Any amountx disbuned by Lender under thi+paragraph 7,hall hecame additional debt of Borrower .ecured by thiti
<br /> �_ " Secu�iry Instrumcnt. Unlcsti Borcower and Lender agrec to other temi,of paymcnt,thcx amounn shall lxar interezt from the _
<br /> `� Jatr uf Ji�burxment ut the Notr r•rte and tihall ix payablc, with intcrest, up�m notice fmm Lender to Borrower reyuesting �-
<br /> payment. �
<br /> . 8. Mort�ge Insurance. If l.ender reyuircd murtgage imuranre a+a cui�dition of making th�loan xecured by this �`
<br />: ; Security Instrument.Borrower sh:+ll pay thr prcmium. rcyuired to muintain the murtgage imurance in effect. If,f<x uny —
<br /> mason, the monguge in,urancr covcragr reyuirrd by Lrnder lap�r, ur cca�c� tu lk in rtTert, Borrower+hall p:ry the
<br /> ' prcmiums rcyuired to obtain rovcragc tiub.tantially rquivulent to thc mungagc in,urancc prcviou.ly in rffcct. •rt a cost e_,
<br /> � substanti311y cyuivulent tu thr co�t to Biirrciwer of the m��rtgagr in+uranrr pr�viou�ly in rftect,frum an allematr mungage
<br /> insumr upproved by Lender. (f substantially eyuivalent mortgagr intiuranrc cuver,��r is not uvailable, Borrower shall pay to —
<br /> �, Lender each month a+um eyual tu onr-twelfth uf the yrarly mortgugr in,urancc premium Ix ing paid by Borrow�r when the �~'
<br /> ' insurance cov�rage lap.tied or ceaud to Ix in eftect. Lrndrr a ill arcrpt,u.r and retain Ihese paymrnts ati a lo��mtierve in lieu ;�;
<br /> • of mortgagc insurancc. Lo.ti re�crvc paymcntc muy no longcr hr rcyuirrd,at thc cip�ion��f Lcndrr, if m��rtgagr imurancc =--
<br /> ' cuv�rag� (in the an�ount:�nd ti�r the periud that Lrndrr rcyuire�)provided b}•:in intiurer appruvrd hy LrnJrr again(xromes =
<br /> : � �' T' available and is obtained.Bom�wrr,hall pay thc prcmium�rryuimd to mainMin mortga�c in�urancc in effect,or to pmvidr a �
<br /> ' _ ' ►oss rc�ervc,until thc rcyuirement for mort�agc insurance rnd�in•rrrurdance with any writtrn agRement betwee� Borrower �-_
<br /> - and Lenderor appiirablc law.
<br /> ; 9. Inspection. Lrnder or it,agent may makr ma,onahl�rntrir.uEx�n.ind imperti��m��f the Propercy. Lrnder xhall
<br /> .. . i give Burrua�er natice at the timr uf��r prior to an in,Exrtion,�xcit"}ing r�a�unahle cautir tiir thc impection.
<br /> ;` � 10. Condemn�tion. The pnxred.��f am•aaard ur rluim ti,r d:mia�*r,.dircct ur cun,eyuential,in�nnnection with;u�y
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