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<br /> perladr tluu Leruk�royulrcs, Tl�e inwnu�ce c�rrier pmvidinR tha innuunce�hall be chwen by Aorr+c�wer subJat to Lcndcrl�
<br /> �pproval which sFull not be anrea�n�bly withheld. If l3arower fri1R to mainain coveny�e dacdbed�buve.Lp�da tn�y.�t
<br /> L�a�dery optiun,obt�ln wven�o to prcxxt l,a�de���iQhts fn the Pmperty in ucord�nce with p�ra�raph 7.
<br /> All insurrnce poficka�nd renew�is�hall ae�cceptabk ta Lender u�d ilull ittcludc r strr�dard mort�aac d�use. I.cnder
<br /> - - sh�ll have tix right to hold the paiicleR and m+tew�ls. If Lcnder rex�uirc�.Bortawer x!u►11 pmmptly give to Lender ail rxefpu
<br /> of paid pnemlum��nd renew�l naticea. In the event��f la�,f3cxrower chnll�ive prampt notice to tfie insurance curkr and
<br /> Lencler. L.ender mny m�ke prc►of af Ic�.c if not made promply by[iarrnwer.
<br /> Unless Lender�nd Borrower atherwlse agroe in writing,inYUrrnce proceods Rhall be spplled to rostondon or rcprir of
<br /> _ =� the 1'ropeny dnmeged,if the r�est�xetion cx repeir i�tcc�mirelly fe�vible and Lrixkrw Yrcurity Is ncK Ie�senect. If Ihe _.__
<br /> . — restoratiart or�cp�ir is�wt xonornically fewibte or l.ender�►secu�ity would be Iescenod,the insurwice pnoceeds xhalt be
<br /> applied to the suma securcd by thi�Security Instrumcnt,whciher nr not thcn duc.with any exce�vs puid to Borrower. If
<br /> Bormwer atwndons the I'�nperty,ar does not �nswer wiihin :�duys x notice fmm Lxnd�r thut the inrurance curier h�.w
<br /> offer+ed to setde a claim,then L.ender may collect the insunince procecds. Lender mry use the procads to repuir or restare
<br /> the Nroperty or to pay sumr�ecurcd by thiY Socudty Inxtrument.whethcr or not thm due. The 30-dxy pertal will berin when
<br /> the notice ix given.
<br /> � =n-�r--_-.� Unless Lender and Borrower otherwise agrce in writing,any upplication of proceeds to principal shall not extend or
<br /> postpone the duc date af the monthly payments refcrred to ln paragraphx 1 und 2 or chungc the amount af the paymcnts. If
<br /> undcr p•rragraph 2l the Property is ucquired by Lender. Borrowcr i rlght to uny insurunce policies nnd pmceeds rcsultins
<br /> --- from damnge to thc Property prior[o the acquisition shult pus,to Lcnder to the extent of thc sum►sccurcd by this Sccurity
<br /> �-� lnstrument immediately prior to the acquisitian.
<br /> 6. Occupancy, Preservation� Maintenance a�d Protectbn ot the Property; Borrower'e Loan Application;
<br /> _�: Lens�ehold�. Borrower shall occupy,establish,and use the Property•rs Borrower�principal residence wlthin sixty days after
<br /> the execution ut thls�ecunty fistrument and shali conhnue to occupy the tKapeny ac lsorrower?s principat rcsidence for at
<br /> �y-• ,,�,,.;-�u�r leust one ye�►r af�rr thc Jutr uf cx:cupuncy, u�ilras LenJer Whrrwi� ugrce� in wriling, whinc �un�nt shall nut bC - -
<br /> - unreasonubly wIthheld,ar unless extenuating cireumstunces exi�t which am beyond Bormwerk contml. Borrower shall not
<br /> � �-'_'�� destroy,ds►mage or impair the P�operty.uUow the Property to deterioratc,or commit waste on the Praperty. Horrower shnll
<br /> �� ' � ""'�� Ix in default if any fodeiture action or proceeding,whether civil or criminul,is begun that in Lender?s good fuith judgment
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<br /> ,"���:. •�•%'- could result in forfeeturc of the Property or otherwise materially impuir the lien crcuted by this Security Instn�ment or —
<br /> ,-r��.`•".;:.':�r�" Lender's security interest. Borrower muy cure such A def:tult and rcinstutc,us provided in paragraph 1 R,by causing the uction
<br /> � ;i�� ;��� �� or prceeeding to be dismisxed with a ruling that,in Lenderl goad faith detcrtnination,precludes for['eiwre of the Borrower's
<br /> intercst in the Pto rt or ather material im uirment of ihe lien cmuted b this Securit lnstrument or Lender's securit
<br /> �;. • �' Pe Y P Y Y Y
<br /> ;��`�a�:���±,.-� :..-,� interest. Borrower shall also be in default if Borrower, during the loan application praccss, g•rve materiully false or
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<br /> • ..,, � �, inaccurnte information or statements to Lender(or f•riled to provicie Lender with any materiul information)in connection with
<br /> ���`a s���• -• the loan evidenced by the Note, including, but not limited to, reprcsentationx conceming Borrower:s occupancy of the
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<br /> �;•�� •� � �r Pcoperty as a principul retiidence. If this Security Instrument is on u learehold,Bo►rower shult comply with all the provisionx =s-
<br /> �:�'�' '{"`'<"��'� of the leasc. If Borrower acquires fee tide to the Property,the leuxehold und the fee title shall not merge unless Lender a�rees
<br /> �n,w,,,:�.s�,ti�.._.��.:�
<br /> "x: -�: • • ta the me�ger In writing.
<br /> "y� • 7. Protection of Lender's Rights in the Property. If Borrow•cr fails to perform thc covenants und agrcements
<br /> ' contained in thls Security Instrument, or therc is a Iegal pracceding thAt muy significuntly uffect Lender's rights in the
<br />- � Property(such as a proceeding in bankruptcy,probute,for condemnation or forfeiture or to enforee tawti or regulations),then
<br /> Lcnder may do and pay for whutever is nrcesssry to pr�,rer.t thc vulur of thc Property anJ Lender�rights in thc Pmperty.
<br /> Lender's nctians may include paying:u�y s�m,sccurcd by a fien N�hirh ha�priority over thi.Security Instn�ment,apExaring --
<br /> in court,paying reawnublc attomcys'fecs and entcring on the Propeny to make mpairs.Although Lender m�y tuke action -
<br /> � :�., ._ ,,. _ undcr thic p�graph 7,Lendcr docs not havc to do so.
<br /> • Any amounts disbuned by Lcndrr unJer thi,paru�!rrph 7 shull hecome udditionul dcbt of Borrower secured by this °-
<br /> � ��,,�,,,,.,,,..., ;,,,.. Security Instrument. Unlcs+Borcawcr and Lcndcr agrcc tvuther t�mi.of puymenc,thew;amuunt�yhall Ix:u interest trum the �-'
<br /> �..�- date of disbunement at the Note rcttc and sh•rll bc payublc,with intercst, upun noti�r I�om LenJer (U BOfTUWC�7Cl�UC1Ut1$ � -
<br /> f' . ..,,... .._ . payment. �,,.
<br /> _ 8. Mort�age I�surunce. lf Lrndcr rcyuircd murtgagr in.urnncc ati a ronJition ot muking the lo:ui securcd by thiti
<br /> . Security lnstrument, Borrower xhall pay the pmmiumx �eyuired to muintain the mortguge imurunce in effect. If, for uny
<br /> •� •� masan, the morigage in+uranrc mvcra�c rcyuircJ by LcnJc� lup�cs or re•rties to bc in eftcct. Bormwer xl�all pay the �-
<br /> ' ' premiums rcyuired to obtuin roveragc tiuh.tuntially eyuivulrnt to thr moctg�ge imurrncc prcviuusly in cffcrt, ut a cost �`•
<br /> ` substantially eyuivalent to the cozt tu Borrower of the mortgage imurancc pr�viously in effect, frorn un altemate mortgugc
<br /> insurer upproved by Lendcr. If�uhstantially equivulent rnortguge in,urance coverage is not availablr,Borrower shull pay to �"'"
<br /> Lender cuch month a sum eyual to onr-twrlfth��f thc ycady nwngugr inwranrc premium Ixing paid by Borrower when the -__
<br /> • in�urance covcr:►ge lapsed or ce.�xd to lx in effrct. Lender will accept,use and rrtain the�r paymrntti uti u lo+a rcscrvc in lieu �
<br /> • • t-`•'�• of moRguge insurance. Loss reserve payments muy no l��ng�r be rryuired,ut thr ciptiun of LrnJer,if mongage insurance �- ..
<br /> • 'y „_sr " coverage(in the amount und for the period that Lrnder reyuirr.)pr�wideJ by an intiurer appruvrd by Lcnder again becameti
<br /> '._.r• avuiluble and is obtuincd.Borrowcr tihall pay ihe pmmiums reyuired to maintain nwrtgugr insurance in effect,ix to provide u -.-
<br /> � � ""• loss rascrve,until the myuircment for mortgagc insurunce:cnds in acwrdance with uny written agnement betw�:n Borrowcr ,L,;
<br />_ p�� and Lendcr ar applicablc law.
<br /> _ 9. Inspectton. Lendcr or its agrnt muy makc rcationablc rntrir�uFwn anJ in��rtiom oC thr Pruperty, Lender shnll
<br /> ; givc Borrowcr noticc at thc timr of ar prior to an inti�xcticm+Fxrifyin�*n.uonable caux for thc irt,�xction. °
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<br /> IU. Condemnation. Thr prcxerdti uf any uwarJ or cluim ti>r Jama�:r,,Jirect ur con.ryuential.in conne�tion with uny
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