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<br /> • periodi that I,ender nquiros. The inaucance carcier provldin�the insurwna shaU be choa�en by F9orrower�ubject to l.endcrti
<br /> �pprov�l which sh�ll not be unrcaconA�ly withhetd. lf Borrower fails to n�intdn covenge dcudbed�bove.!.a►de�msy.u
<br /> l.a�derti option,obt�in cover��e w prcxect Lenderk d�hts in th�Praperty in i►ccardu�ce with prus�raph 7.
<br /> All in�urwtce policiec ud rtnewals�hall be acce le to Lender and rhxll inctude a standard m�rtgage clause. Lender
<br /> �e��=_� ihall have d�e right to hold the policies and reoewW�, f Lender aquircc. Barrower shAll promptly�ive to I.ender dl rcceipt�
<br /> af pald pr+emiums and renewal notices. In the event of loss,Bocrower sh�il give prompt naica to the insurance curler and
<br /> Leader. l.ender may m�ke proof of loss if not made promptly by Borrower.
<br /> Unles�L.endcr and Borrowcr ahenviss agroe in writing,insurance proceeds shull be applied ta res[oration nr rcpair of
<br /> = the Pn�perty damage�l, if die reatoratia�ur ��ep�ir is ecww►nically feusible +md L.ender t security i�not Iesxe��eJ. If Q�e _
<br /> - �stcxation or repnir ls not economica(ly feasible or Lender's security would be le�:eneci,the insurance proceed+xhall be
<br /> applied to thc sums sccuted by this Sccurity Instrumcnt, whether or not thcn duc, with ony excess pald to Borrowcr. If
<br /> Borrower abandons the Prnperty.or dae:s not answer witbin?tU days a notice from Lender that che insurance carrier has
<br /> off'ercd to settle a claim,then l�ender may collect the insurnnce proceeds. Lender may u.ce the proceeds to r�epntr or rcstore
<br /> the Property or to pay sums securcd by this Security Instrument.whether or not then due. Ttrc 30�duy pertod will begin when
<br /> thc nc►tice i�given.
<br /> -- ---- "-`"' `�-�� Unless Lender and Botrower otherwixe ugme in writing, any application�f proceeds to principai shall not extend or -
<br /> — postpone the doe dnte of the monthly payments referrcd to in parngraphs I and 2 or ch;u��e the amount of thc puyments. If
<br /> under paragraph 21 the Prapeny!s acquired by Lender,Borcower's right to any insurancc pollcies uod procccds resulting
<br /> from damage to the Property prior to the s►cquisition shall pass to Lender to the extent of the sums secured by this Security
<br /> Inswment immediately prior to the acquisition.
<br /> _ _— 6. Occupancy. Preservatbn, Maintenance and Protecdon of the Property; Borrower's Loan Application; �
<br /> �_.� I,easefioW�. Bomawer sh�il accuDy.establish,and use the Property us Borrowert principal residence within�ixty days after
<br /> . the execution of this SecurIty Instrument and shall continue ta accupy th�Praperty as Borrowerc p�ncipal msidence far At _ _
<br /> ' � ', �' least one �ear after the date of occupancy, unless Lender otherwi� agrce.r• in writing, which consent shall not be �
<br /> = t� unrcasonably withheld,or unless extenuating circumstances exist which are beyond Borrower's control. Borrower shull not _
<br /> _ "� destroy,damage or impair the Property,allow the Praperty to deteriorate.or commit wa�t�an the Properly. Borcuwer shull
<br /> '' � �� be in default if any forftiture uction or prceeedin�,whether civil or cnminal. ix begun that in Lender's good faith judgment _
<br /> � could result in forfeiture of the Property or otherwise materially impair the lien cmuted by this Security Instrument or
<br /> ±:::.`'.. ��.,` Lenderl security interest. Boirower may cure such u default und reinstate,as provided in paragruph 1 R,by cuutiing th�uction
<br /> ..y�,.xy�.�... � �
<br /> '�,,��s:±i'�ii�,7:� or procaeding to t�e dismissed with a ruling thut,in Lendcr�good fuith detcrmination,precludeti fortciturc of the Borrower's _
<br /> '"� i� ii."�•��. > interest in the PropeRy or ather materiul impairment of the lien created by this Security InstNment or Lenderz security
<br /> �- interest. Borrower shall nlso be in defuult if Borrower. during thc laan application pracess, gave matcrially falsc or
<br /> :'����:r= ��' -- inACCUrate informution or statemenG�to Lender(or failed to provide Lender with any material informution)in connectian with
<br /> . yu �,....�;;�v
<br /> • the loan evidenced by the Note, including, but not limited to, n;prcsentutions conccming Barrower's occupanry of the —
<br /> �� ,,..,:_: • Property as a principul residence. If this Security Instrument ir on u Ieucchold,Borrawer shall comply with all the provixionr _ ,
<br /> _ �'�^`�' 4f lllG IL0.St. If B4lT44Ytf dCQtlliCS ffC I�SIt t4 th[Pf4pCitY,i�1C IC!l5CI10I�Ri1d tI'!C fCC IltIC SFlRII p4t fACibC tlS1IGS5 I.CAdC!A�f�Cti - `
<br /> �`��' �•� to thc mergcr in writing. M
<br /> � 7. Protection oP I.ender's Rights in tl�e Property. If Borrowcr fuilx to p�:rForm thc covenants und ugrcementx °' -
<br /> _ , contuincd in this Security Insirument, or th�rc is a Icgul procceding thut muy significuntly uffert Lendcr's rights in thc R
<br /> � Property(such as u proceeding in bankruptcy,probate,for condemnation or forfeiture or to enfi�rce lawti or rrgulationti),then
<br /> =� ° I.ender may do und puy for whatever ix nece�sury to protect the value c�f the Property and Leaderl righh in the Property. �_
<br /> Lender's uctions may include puying uny sums secured hy a licn which ha�priority over thiy Security Instrumcnt,uppeuring = _.
<br /> in wurt,paying rcawn•rble a[torneys'fceti anJ entcring on the Proprny tu make repairs. Although Lender muy wke action er:�•
<br /> ° under this parugruph 7,Lendcr daes not huvc to do tio.
<br /> f�Y �M�, � u Any umounts disbuncd by Lendcr undcr thiti parugruph 7 shull tx:comc udditional dcbt of Bcttrowcr ticcurcd by this
<br /> a�r. Security In,trument. Unics�Bormwcr und Lrnder a�,ree w uthrr tcrnn�if paymrnt,thr,c amountti�hull lxur interctit from thc _
<br /> ,i�. dute of dis(wrsement at the Note rute und xhalf be pay.�hle,with intcre.t,u�xm nuticr frum(.u�Jr� IU Bu11UWC� ICI�UC�I��1F; �.`�
<br /> puymcnt.
<br /> S. MortgA�e Insurance. If Lendcr reyuired mortgagc insuriinrc ati a rundition uf making the loan sccurcd hy thi+ �
<br /> Y Sewrity [nstrumcnt,Bon•owcr shall pay thc prcmium�rcyuirrd�u maintain thc mortgagr in,ur.inrc in rffrct, ff', ti�r uny [
<br /> • � rcason.thc mongagc inyurunrc covrragc rcyuirrd hy Lrndrr t:�p�r. c�r cr:ur, to Ix in M'frrt. Bi�rrowcr ,hall pay thc t
<br /> ��� � premiumz myuircd to obtain mvcragc wbstantially cyuivalcnt to the rnnrtg:ige intiur.mce pruvioutily in cffect, .rt .�rn�t
<br /> ' substuntially cyuivalcnt to thc co�t to Burrow�r of thc morigagc insuruncc prcviuu+ly in cff�ct,frum an ultrrnute murtgagc
<br /> insurcr appruv�d by Lendcr. lf.ub�tuntialty cyuivalcnt m��rtgagc imurancc cuvcrugr iy nut uvuilablr,B��nowcr tihall pay to 't.
<br /> .,� • . Lender euch month a sum ryuul to one-twelfth of the yeurly mong��,c imurancc premiwn txing paid by Borrower when the f
<br /> inxurance covcrage lapsed or ccased to tx in rffcct. Lendcr will :+rrept,utir and reuiin the+c payment,ati u lo.,rc�crve in liru �
<br /> .:�� � � of mortgagc insurancr. Loti,rescrvc puyments muy no I��ngcr tx� rrquircJ, at thc option of Lrndrr,if mortFage insur:mcc
<br /> ,�-; ^', coverrge(in thr nmount�md for tlx�xrioJ d�ut Lendcr reyuin,)prcividrd by an imurcr approvcd by Lendcr ugain bccomc� �
<br /> ° :� uvailable:►nd is obtained.Bormwer sh:dl puy thc prcmiums requircd to maintuim m�rtgagr imu�uncc in rffcct,or to pruvidr a
<br /> . '�' ' loss reserve,until the requirement for mortFuge insuranre end.in i�ccorduncr with uny wrinen ugrcrment txtwcen Bc�rrower
<br /> -- and Lendcror applicablc law.
<br /> =` 9. Inspc�ction. Lcndcr or its agrnt may makr rra�onablc cntric+upm und in�}xrtion.uf'thr Pn�Exny. Lrndrr.hull �
<br /> TW : � givc Borcowcr notirc ut thc timc of ur prior to i►n inti�xrti�m yExcifying rru,onuhlr rau,r ti�r thc in.�xction. ;
<br /> 10. Condettttwtion. Thc prcxccds of amy awarJ ur clairo fur dam:►gc�,dircct or cunticyucntial,in runnrctiun with uny
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