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<br /> _ � periodA that Lender requioes. 'iho lneuranco cacrier pmvtding Ihv insurance�hatl be choun by aomnwer aubject to Londetk �
<br /> rpproval which�hctl not be unroasonebly withheld, if Bairower fntls to mainiain cnverago descdbed abovo.Le»der myyr.at
<br /> ; Lcnderb option,Abtain�overaga to pmtect Lcnderk righta in the Property in accat+dence wlth para�rsph 7.
<br /> - -_---�--�----- Al!lnsumrtce pollcies snd renownlq Khall ho�!ccc�+t�hte tn I.��der nnd shell Inc{ude a ssandard mortgago clause. Lender ._
<br /> ehdl hrvo the dght to huld tho polictee�nd renewale. 1f l.ender reyutres,Barrower ch�ll pramply givo to i.e�der�Il recoiptr
<br /> of putd prcmiums und rer�owal nodces. �»the ovent nf la4s,Bomnwer rha11 give prampt nadce to the lnsurance carcirr aM
<br /> - _ Lsnder. Lender may mako proof or lase if not made promptiy by 8orrower. �-�
<br /> Unleas I.ender and Bonuwer otherwiro egneo In writ[ng,insurnmo proceeds xhall be upplIcd to ceatoratian or rcpalr of
<br />- tho Pro p e r t y damo ged,if tho reRtoratton oa re p utr ia ecnnomicully feasible and i.enderk security is not lessened. If the
<br /> � restoration or repair ix not economicapy feasible ar Lenderk secudty would be lessened, tho inswunce proaeda shnll bo
<br /> appUed to the sums secured by this Securlty Insuument, whether or not then due. wlth any excess puid to Bnrrower. iP
<br /> Borrower abnndons the Property.or das not at►swer widiin 30 days a nadce from l.ender thut the inaurartce aarricr hes
<br /> offered to settle a claim�then Lender may coltect the insumnce proce,eds. Lender may use tho pmoecds to ropai�or restore
<br /> ;.; the Property or tn pay sums secured by thie Secudty Insuument,whether or not then duo. 'lUo 30-dny pedod wjil begin when
<br /> r' the notice ts gtven.
<br /> � Unless l.ender and Boirower othenvi�e agree in writing,Any upplicadon of proceeds to principsil shall not extend or
<br /> � postpone the due dute of the monthly pnyments�+eferred to in pnragrephs 1 end 2 or cMenge the amount of the puyments. If
<br /> under paragraph 21 thc Property is acquired by Lender, Batrowerk right to uny insumnce polictes and proceeds resulting
<br /> from damage to the Property prlor to the ucquisition ahall pues to Lender to the extent of the sums secured by this Securiry
<br /> instrument immediutely prIor to the ucquisitian.
<br /> -- �C. n.�.,��nrY, Pm�arvaNnn; iNptntenanee and Protectton of the Proaertv: Borrower's Loan Applicntlon; _ _
<br /> .. . �L..._y'.� . .
<br /> . .�;•�}:_ [.ea�seholds. Borrower shstl occupy,estublish,and use the Property as Borrower�s pr�ncipal residence whhin alary days afcer
<br /> .��;,�,�.::"'�.���y... the execudon of this 5ecurity Instrument and shull continue to occupy the Property as Borrowerk principal residence for at
<br /> ` � � lenst one yeur after the date of occupancy, unleas Lender atherwise agrees in wddng, which consent shell not be
<br /> • r t�.t� �-�y uttreasonably wlthheld,or unless extenuuting clrcumstances exist which are beyond Borrower�s control. Bomower shnit not
<br /> t~*,j��•rP{��'.
<br /> destc+oy,damage or impa�r the Property,allow the Property to detedornte.or commlt waste on the Pmperty. Bomnwer shall
<br /> � ' . ;'�..;�: be in default if eny fodeiture action or praceeding.whether civil or criminal,is begun that In L.enderh good feith judgment �'
<br /> , k '`' ' , could result in forfeitute of the Properry or otherwise muterialiy impair the lien created by tnis Security Insuument or
<br /> • Lender�s secudty inte�st. 8orrower may cure such u default and reinstate,as pmvlded in puragraph 18,by cuusing the uctton
<br /> ' " � or proceeding to be dismissed with u ruling thut,in Lender?s good faith detcrmtnat[on.precludes forfeiture of the Borrower�
<br /> �• , interest in the Properry or other matedal impniement of the lien created by thia Security Instrument or I.ender�s secu�Ity
<br /> interesG Borrower shnU also be in defnult if Borrower. dudng the loan c+ppllcation process, guve materiaUy fulse or �
<br /> .. � � ,� . , inuccurate information or statements to Lender(ar fuiled to provide Lender with nny material information)in connection wIth
<br /> . .--- - the ioan evtdenceJ by the Note. Inclading, but not limited to, repre;eentsdons conceming Sorrue�er� occa ancY of the
<br /> - __:, _ re
<br /> ' Property u.g a pdncipa(residcnce. If this Security Instrument is on a leusehold.Borrower shull comply with all e prnvisions z
<br /> "• • . of the leace. If Borrower ucquires fee titte to the Property.the leasehold und the fee title shall not merge unless I.ender agrees
<br /> . ; .. to the merger in writing.
<br /> � ,� � 7. Protectton ot Lender's Rights in the Property. If Borrower fails to perFoirn the covcnants and ngreements _
<br /> � .^ � contained in this Security Instrument, or them [s n legal pmceeding that may significantly affect I.ender�s rights!n the �-.:
<br /> ' . , Property(such us A proceedtng in bunkruptcy,probate,for condemnation or forfeiturr or to enforce luws or regulutions),then --
<br /> 1� , Lender may do and pay for wh�tever iti necessury to peotect the vnlue oF the Property and Len�er's rights In the Propecty. �-;,
<br /> , , Lender's actions mny include paying ony sum,.erumd by u lien which ha+priority over this Security Instrument,appearin�
<br /> .� in court,puying musonuble nttorncys'fces nnd entering on the Prapeny to muke rcpuin.Although Lender muy tuke action
<br /> . under this puragruph 7,Lender doeti not havc to do tio.
<br /> ' Any umounts disbuned by Lender undrr this puragraph 7 shaU become additionul debt of Borrower secured by this
<br /> � • Security instniment. llnlesr Bormwer imd I.ender ugrcc to�xhcr tcrtns of puyment,theu:umountn shall bcur interest from thc „
<br /> : dnte of disbursement at thc Notc ratc und shall bc puyublc,wtth intcretit,upon notice from Lcnder to Borrower requesting ��,
<br /> , ' payment.
<br /> 8. Mortgage Insu�ance. lf Lender myuimd mortguFe inxurunce n+u condition of muking the loan secured by this
<br /> ' Security Jnstrument, Botro�1-cr shal! pay thc prcmiums rcyuircd to mninti�in the m�ngiige incurnn�r in eff�ct. If, fnr nny _ _
<br /> ' renson, the mongage insurance coveruge nyuired by I.ender lapks or ceases to bc in effect, Bonower shull puy the
<br /> . ° • pmmiums reyujred to abtuin coveruge �uh,tuntiuiiy ryuivalent to thr mortF�gr inwnnce prcviously in effect, A[ p C051
<br /> ,� � subswntially eyuivulent to thc cost to Bnrrower of the mo»guge intiurunce pmviously in effect,from un ulternute mortgage
<br /> j inr�urer approved by Lender. If sub,tuntiully cyuiv�lent mortguge insurunce coveruge is not uvuilubte,Borrower shuU pay to
<br /> i l.ender ench month A sum equnl to onc•twcifth oT thr yearly mu»ga�c in�urunce premium bcing puid by Borrower when the
<br /> � insurunce coveruge lup,cd or ceuseJ ta he in effert. Lender witl ucrept,uxc und retuin the,e paynunts as u loss mserve in lieu
<br /> ; � of monguge inxuruncc. Loss rcscrve paymenty muy n��longcr tx:rrquired,ut thc option of l.endcr,if mortgage insurunce
<br /> � cnveruge(in the amount nnd f��r the pericxi thut Lender myuirc,)pmv�dcd by un in.urer apprrncd by Lender ugain becomes
<br /> available und is obtained.Bnrn�wcr tihull pay the premiums reyuimd to maintaim m�rtgagr in,ur�nce in cffcct,or to pmvide a
<br /> ' � losx reserve,until thc rcyuircment for monguge inxurancc cndr in arrorduncc with any writtcn agrccment hetween Borrower
<br /> . and Lendcr or applirablc luw.
<br /> 9. Inspection. Lender or it,ugcnt may mukr reuxonablc rntrirs u�m und in,{xrtinm�if thr i'�vprrty. Lcnder shall
<br /> give Bormwcr noticc ut thc timr of or prior to�n im�xrtion s�xrifying rca�onahlc causr for thc inspcction.
<br /> j ' � 10. Condemnatlon. Thr pnkrcd.of iiny i�w:+rd or claim for damagc.,dirrrt or rumryucntiul,in ronnrcticm with uny
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