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<br /> periods thrt L,endec requina. 'llie lnwanoe cartier provWin�the Inwcance ch�ll be cho�en by Bamwer wbjxt a L�ti
<br /> �pproval whkh dull not be wu�earonably wlthheld. If Ha�rowu fRilt to m�inWn coven�e descdbod�bove.La�der�wy.u
<br /> : Iwnderl�option,c�btain cuver�,qe w protxt LonderS��IQhts in the Property in Mcco�+du�co with parn�raph 7.
<br /> _ All iiuurance policier iu�d rcnewd�shall be�capt�Me to I..ender md�lull include a�rhndard mo�t���e cl�use. L,e�der
<br /> YIIiII IIiVC lI1C A'IQIII�O IIOIA lI1E�1NCICt�1{II tlIICW�I6. (f L,cader rcqulrer,Kc�wer ahxll promptly�ivc to Lendcr�II roceipt�
<br /> � oi piid prcmiuma end rcncw�l naticer. In the event of lus�.Borrower shall�ive prompt notice w the inwranc�catster and
<br /> Laider. Lendiec m+�y m�lce proof of laau��f rwt mxk promptly by Barrnwer.
<br /> -��_--__� Unkws I.enJcr and Hrxmwer otherwlxe Agroe in wriling,inwranc:e pnxeeda sh�ll be�pplied to restoratlon or rop�ir of --_
<br /> the Propeny d�nu�ed, if ihe t+estoration or repair ic economically fearfble and Lerxkrb eecurity is not lessened. If the
<br /> ° rcatoration ur np�ir is nat vccx�omic�lly feavible or lxnderk �ecurity would be leysenod.the insurnnce proceed� shall be
<br /> applfrd to the rums secured by this Sccurity in�trument,whether or not then due, with any excess paid to Bamwer. If
<br /> — Horrowec�bandons the P�nperty.or does not Answer within 30 duys a notice from Lender that the insurance cnrier tus
<br /> offercd to settle a claim,dxn Lender may coltect the insurwice proceeds. Lender may use the proceeds to rcpair or rcstorc
<br /> the Rr�perty or to pay aums secured by this Security Instn�ment.whether or not thrn due. The 30-di�y period will b¢gin wlxn
<br /> -- - tha ncxice is givcn.
<br /> Unlesc Lender and Borrower otherwise agree in writing. utty application of p[oceeds to principal shall not extend or
<br /> postponc the due date of thc monthly payments refcrred to in paragraphs I and 2 or chungc the umaunt af the payments. If
<br /> under parugraph 21 the Property is acquired by Lender,BorrowerE risht to any insurnnce policies and proceeds resulting
<br /> from damage tu the Property prior to the acquisition chall pass to Lender t�the extent of the sums securcd by thia Sxuriry
<br /> - Insaument immediately prlor to the acquisition.
<br /> _ 6. Occu{wncy, Preservation, Mnintenance And Protection ot the Property; Borrower's Loan Applicatioa;
<br /> - - Lca�annuicia. 3unuwci ai�uii axcuNy,eatabii.i�.��d��ci�c F����iy �i.,Bu�ivuci i piii�c3p:�i i"idi.�i�i.titiilsiii;i�iy d�ys aftCt ---
<br /> • thc execution of this Sr,c:urity instrumrnt unJ sl►aQ conlinue tu uccupy the Propeny as[iorrower!s principal residence for at --
<br /> leust one year after ihe date of occupancy. unless Lender aherwise agrees in wciting, which consent shnll not be
<br /> �,� unreasonably withheld,or unless extenuatins cireumstances exist which ur+e beyond Borcower�control. Bortower sholl not
<br /> •�::� '���w'.++�`� destroy.dnmage or impair thc Property,nllow thc Property to deteriorate,or commit wuste on the Property. Borrower shull
<br /> . �` "��%"�" f�`�"' be in default if any forfeiture uctian or proceeding,whether civil or criminal,is begun that in Lender�gaod faith judgment
<br /> �,;:�.,.. . � . could result in farfeiture af the Property or othenvise materially impair the lien created by this Security Inswment or
<br /> `' Lender's security interest. Borrower may cure such u default and�instate,as provided in paragrrph 18,by causing the action
<br /> , �"� '"'• or proceeding to be dismis�ed with u ruling that,in Lender's good fuith determination,precludes forfeiture of the Borrower!s
<br /> . ��• •..•,; interest in the Propern� or other materinl impAirment af the lien creuted by this Security Instrument or Lenderg securiry
<br /> �'>�ti'�`�� interest. Borrower shall ulso be in defuult if Borrower, durin the loan u I�cution rocess, ave materiall fulsc or
<br /> - • �,..,• . .�.-.. S PP� P S Y
<br /> . ,�.��;��h:",�;'�'' inuccumte information or stotementx to Lender(or failed to provide Lender with any mater�•rl infortnation)in connection with
<br /> - �,;.• -- � •i •. � the loan evidenced by tha Note, induding, but not limited to, repre�enYAtions conceming 8orrower's• occupancy of the __
<br /> - . �.,..�.
<br /> ._ "��;� _ .,�_ Property ati u principal residence. If this Security Instrument is on u Ieasehold,Borrower shull camply with all the provisions =
<br /> - �i.:. r-�;;�...•T of the leose. If Borrower acyuirex fee tttle to the Property,the IeASehold and tIx fec tide shs►II not mcrge unleas Lender agrces
<br /> , to the merger in writing.
<br /> . 7. Protection ot I.ender's Rights in the Property. lf BoROwer fails to perform the covenants and agreements
<br /> contained in this Security Instrument, or there is u Iegul proceeding that may significantly uffect Lenderl rightti in the o
<br /> Property tsuch uti a praceeding in bankruptcy,probate,for condemnation or forfeiture or to enforce luwti or regulutions),then =`_-
<br /> ` " Lender may do and pay for whatevcr is occcssary to protcct thc vuluc of the Property and Lendcr�rights in the Property. --
<br /> " Lcndcrti uctions may includc paying any sumti�ccured by a lirn which hus priority ovcr thix Security Instrumcnt,appcuring """
<br /> ' in court, r in reasonuble attome s'f'eeti und enterin� on the Pro rt to make rc �irs. A�thou h Lender mu G►ke action ��
<br /> P'Y S Y b FK Y P' S Y --
<br /> under this pa�ugruph 7,Lrndcr dcez not huvc to do.o. -
<br /> � " Any amounts di}bur,cd by Lrndrr undrr thi, parugruph 7 �hall hccomc udditiunul dcbt of BoROwcr sccurcd by thie �.. `
<br /> f�. •� Securiry Instrument. Unle,s Borrowcr and Lender agr�c to cither temu uf payment,these•rmaunts shall bcar intcre.t from thc �'
<br /> i'" date of disbursement ut the Notc rate and shull he payahlc, with intcr�.t, upnn notice from Lender to Borrower reyuctiting �"�
<br /> ;1 t' :1. :, payment. _.
<br /> � � S. Mortgage lnsuranee. If Lender reyuirrd mortgage insurance us a condition of making thc lo;►n secuRd by thix
<br /> % Sccurity Instrumcnt, Borrowcr xhull pay thc prcmiums requirrd h� muintain thc mort�agc insurance in cffrct. If, for uny °
<br /> � � � � muson, the monguge insur,►nce roveragr nyuircd by Lcndc� lap�c. ui cru+c, to ix in eftect. Rorrower sha�t pay the �:-
<br /> premiums reyuimd to obtain coverage xufi�tantially eyuivalcnt to thc mortgage inrurance prcviously in effrct, at a cost -
<br /> ' sub�tantiaU e uivulent to the coxt ro Borrowrr of thr mort�,�•r imuruncr reviau+l m effect,from an ultem•rte mort�.► e °'"`
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<br /> insurcr upprovcd by Lcndcr. If wbtituntiully ryuivalcnt monga�r inwrunrr cuvrragr i+ncit avuilablc,Borrowcr�hall pay to �'
<br /> ;� Lender euch month a wm eyuul tu onc-twrlfth of the yrarly murlgugc imuranrc pmmiwn Ixing paiJ by B��rruwer whcn the
<br /> insurance covcrugc Iup�cJ or reascd t��Ix in rffrrt. I.rnJrr will arrrpt,u.c und retuin thr+e payment+as a lo.s rc+crvc in 1 icu
<br /> 'I` of mortgagc insurancc. Loss rrsrrvc paymc��t�may nu longcr Ix r��yuirrd,at thc��ption of Lcndcr, if mortgu�;c in�uaincc
<br /> '��,. .., cover�ge(in thc amount and for thc prricxi that Lrnder rcyuim�l pruvidcd hy:u� inwrcr appruvcd Ny LrnJrr aguin tkcames
<br /> _�'r av:�ilable and is obtained. Borcowrr shall pay the premium.reyuired to m;+intain mort�ag�intiurancc in effect.or to providc a
<br /> � ,_ ' ' loss rescrvc.until the rcyuircment fc�r mortgagc in,uranrc cnd. in arcorJanre with any writtcn ugrcement bctwcen Borroveer �,
<br /> � : and Lender or applic•rblc law.
<br /> ; 9. Inspection. Lcadcr nr itx.�grnt may makc rca.onahlc rntric.upon und impcction+of the Pmperty. Lendrr xhall *�
<br /> - givc Borrowcr notirc at thc timr�>f ur priur to an intipcction,�xcifying r�atiunahlr cauu fi>r thr in.pectiun.
<br /> ,»� , � 10. Condemnatfun. The pnxerdz uf:my award or claim fi�r Jamagc.,dirrct or con.eyurntial,in ronnection with�ny
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