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<br /> periods that L.endcr royuirer. 71ie inwrrnce curier providin�th�1nYUrancc�h�ll be choxcn by 8orrowcr wbject to Lenderk
<br /> ' �ppraval which�hs�ll nat be unrc�xan�bly withheld. If Borrower f�ilx to mpint�in caverr�e de�;dbed rbove.Lcnder may.at
<br /> Lenderh aptlon,obWn caveraQe ta protoct l.enderk d�ht�in the Roperty in�cxdance with p�raph 7.
<br /> All i�uurance policies u�d rcnewal�►shall be�ccept�bk to l.ender a�d�hall include�etandud mort��ee cl�uK. Lender
<br /> :_ �� ' �11 have thc d�ht to hotd the policiex and r�newals. If Lender royuirer,Bamowrr ehall promplY�ive to Lender dl receipts
<br /> of pAid Exemiums and rcnewal notices. ln the event of loss,8orrower xhutl Qive prampt rwtico to the insurwice carrier and
<br /> l,a�der. L.ender may make proof of losu if not made�xomptly by Har+nwer. .
<br /> U�less l.endee and&xrower ahcrwixe agrce in writing,insurencc praceeds shall Ix oppUed to rcstaration or rcpair of
<br /> -�' — --- the �rty damaged, if tF�e testocation or rcpair is uonomtcally fcasiblc and Lcndcr�sccuriry is not lessened. If thc
<br /> — nesturat on or rcpair is not economicalty feusibie or Lender�s security would 6e lessened,the insurance proceeds shrll be
<br /> applied to the sums secure�t by this Security Instlument,whether or�M then due, with any exceas puld to Borrower. If
<br /> �-�- ----- borrower abancions the 1'roperty, or does not unswer within 30 days a naice from l.ender that the insurance carrier has
<br /> offered to settle a rls+im,then Lender may collect the insurance proceeds. Lender may use the procecds to repair or restore
<br /> — thc Property or ta pay sums rocurod by this Security Instrument,whether or not then due. 'Ihe 30�d�y period will begin wben
<br /> the notice is givcn.
<br /> __ Unless Lender and Borrower otherwise agree in writing,any application of prceeeds to principal shall not extend or
<br /> postponc thc duc datc of the monthly payments nfen�ed to in paragruphs 1 a��d 2 ar chonge the amaunt of the payments. if
<br /> under paragraph 21 the Property i�acquired by Lender, Borrowerl right to any insurance policies and proceeds resulting
<br /> -� from damage to the Property prior to the acquisition shall p�.+s to Lender to the extent of the sums securcd by this Secudty
<br /> Insttument immcdiately prior to the ucquisition.
<br /> 6. Occupnncy, Preservation, Maintenance and Protectbn of the Property; Borrower's i.o�n Appticallon;
<br /> .'�.�,� I.easeholds. Borcower shall occupy,establish,and use the Property as Borrower:s principal residence within sixty days after
<br /> the execution of this Security Instrument and shall contfnue to occupy the Prope�ty as Borrowers principa! residence for ut �–
<br />- Ieast ona yeur nfter the date of cecupancy, unless Lender athervvise agrces in writing. which consent shull not be
<br /> -• unreasonably withheld,or unless extenuating circumztancex exist which arc beyond Borcower s control. Borrower shuU not
<br /> •:;,,,�,,, ._.�; destroy,dAmage ar impair thc!'toperty,allow the Property ro deteriornte,or commit wuste on the Property. Borcowcr shaU
<br /> ���"�`�•1���}►��'• = be in default if any forfeiture uction or proceeding,whether civil or criminal,is begun that in Lender!s gooci faith judgment
<br /> ,,,,� , „. ; could nesult in forfeiturc of the Pruperty or otherwitie muterially impair the tien creuted by this Security Instniment or
<br /> ' ' `� i.ender!e seeurity interest. Borrower may cure such a default und reinstute,us provided in paragrAph 1 R,by cuusing the action
<br /> � ���'""''�'�'�'�r, or proceeding to be dismis,ed with a ruling that,in Lenderti good faith determinution,precludes forteiture of the Borrowers
<br /> - '•`'•'�;:.:,••-.,, �,
<br /> • "-� . • _ interest in the Property or other material impairment of the Iien cmaced by this Security Instrument or Lenderx security
<br /> , ::r�.,, , , ,.•. �.
<br /> ' :- • .' interest. Borcowcr shall alsn be in def•rult if' Borrowcr, during the loun upplicutian procetis, gave materiuUy fulsc or
<br /> •.�„:�+'*�;;,';;k; , inaccurate informution or stntements to Lender(or failed So pruvide Lendar with any muteri•rl inform:�tion)in connection with �.
<br /> . .::�r. „ :, _-� the loan evidenced by the Nate, including, but not limited to, representutions cancerning Borroa�erti occupancy of the __
<br /> ' ' ' � Property ati u principal retiidence. If thix Security Instrument is an u leutiehold,Barcawer shall comply with all the provixions
<br /> ,...:i �-r� �L. .:',,
<br /> „ --T-�— ut iBc lca�c. !f Bu�uwer acquir�;fe�title to ihr F�u�i ty,ihc ica�rlwld aud tiie fer tiiir.huit nui mrrge unless Lender agrees `
<br /> to the merger in writing.
<br /> ,.�i:bi��r�:��- 7. ProtecNon of Lender's RiAhts in the Property. If Borrowcr fuilx to perform thc covenuntx and ugreements
<br /> •� contained in this Security Instrument, or therc i, a IcFul prceeeding that may tiigniticantly uffect Lender's rights in the .�
<br /> , Property(such as u prcxeeding in hankruptcy,probate,for condemnation or forfciturc or to enforce taws or regulutions),then
<br /> L.ender muy do and pay for whatever is nccessury ro protcrt the vnluc of thc F'roperty and Lender's rights in the Property. �y�
<br /> Lender's actions ma include a in un �ums tiecurcd b a licn which hu� riorit over thiz Sccurit Imtrument,a urin ``'
<br /> .. Y P'Y F Y� Y' P Y Y PF� R
<br /> _ � in court,puying reawnable uttornryti'fcrti and entering on the Property to muke repairs. Although Lender muy take action
<br /> � under thix p•rr.igr•rph 7,Lcndcr dix s not huvc tc�du so.
<br /> ` , _ . Any amounts dishurtied by L�nJcr undcr thi,paragrnph 7 tihall txcomr udditional dcht of Borrowcr securcd by thix �s-
<br /> _�s• ' Security lnstrument. Unlc,s Burrowcr�nJ Lender a�grce tu othcr t�mi.of payment.thr,r anbuntti shall bcur intcrc,t from the ej=�
<br /> � S � Jatr uf Jizbursemeni at thc Notc ratc anJ�hull tk payublc.with imerext, uExm notice from Lender to 13orcower myucsting �`
<br /> payment. ;;;;f,
<br /> � S. Mo�tgu�e Insuranre. If Lendcr reyuircd murtgagr intiuranrr a.a cundition uf making the laan xcrureJ by thi. �"
<br /> ' r Scrurity Instrument, Borrow�r+hall pay Ihe premium. rcyuireJ to maint:�in thr mortgagr insurunce in eff'cct. If, tirr any F":
<br /> rcuxon, the mortEu�c intiurunce coveragc r�yuired by LenJer lup+e+ or cea�rti ti� Ik in effect. Borrowrr xhall pay the ��='
<br /> _ prcmiums rcyuimd to obtain covrragr ,ub�tantiully rquivalrnt tu thr munga�c in�uranrc prcviou,ly in rffect, ut a cu�,t --•
<br /> sub,tantially equivulent to the cu�t u�Burrower uf thr mungage im�rcmce previou.ly in effect,fmm an ultern�tr mongagr �,..
<br /> insurer appmved by Lrndcr. [f.uh+tanti:dly ryuivalrnt mortgage in.ur.mrc rovrru�:e i,nut availahlr.Borrowrr shall puy to =°-
<br /> . Lender earh month a�um ryu�l to<mc-twrlfth ot thc y�arly mortgagr in.ur:mrc promium lxing paid by B�irrowcr when thc �=�
<br /> . � ._ _
<br /> " insuranre covrragr lapsed ar cea.ed tu txr in rffect. Lrndrrµill accept,u.c and rctain the�c paymcnt+a.a lo�ti mxrrvr in lieu
<br /> ; �-1 of mortgagc in�urancc. I.o.. rc�rrvc paymrnt.may no IunErn c�reyuirrd.at thr optiun uf LrnJcr,it'mortgagc inzur.incr �
<br /> , ,. covrragc(in the umount und fi�r the�xri�xl that Lcnder r�yuirr.l�mvidrJ by an imumr approvrd by Lender ugain becomex ��°�=
<br /> � • available and i,obtuinrd.SorroWrr,hull p;ry thr pmmium,reyuired to maintain mm�gagr in+urance in et'fcct.or to provide a � ��
<br /> �,�• loti.re�crvr,until the rryuimmcnt ti�r mortgage intiuranrr enJti in accordance with any wrinen agreement hetwern Borrower
<br /> und Lcndcr or applicahlc luw. ��
<br /> . 9. Inspection. LcnJcr or it�agrnt may mahr natiunahle entrie.uExm and in.Exrtiuns of thr Proprrty. Lender shull !
<br /> � ( givc Borrowcr noticc at thr timc ot'ar priur to an in,�xct iun ti�x rifying rea.onahlr cau�r ti►r thr imExction. F
<br />: . � l0. Condemnution. Thc procced,of:my award ur rlaim tiir Jamagr�,dircct ar con.cyurntial, in connertiun with any �
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