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<br /> ��� periads Uiut Lender reyuires. Thc�nsuemi�c cur�Ier provIdtng tho lnsur�uico shnll t�o choscn by norrowcr subject to Lcndcr9�
<br /> '�_,in appmval whtch sltial�not Ix�w►r�ut.aiA�ly wlthhcid. If Borraw�r faits to mainmin coveragc eiescrils�d above,Leuder tnny.at �--
<br /> - � Lertderls aption,abtain covernge tu pmtect l.ender�e clghts in tl�c Pro�eny in acenrdence with par9g�aph 7.
<br /> . AII insuranco policiea cind nenewula shell be axeptabte to L.ender ar►d sh�ll includo a stenrlard mo�tgage clnuse. Lendea
<br /> shall have the dght to hold tho policies and cenawal�. Yf I.ender e+equlrex,Bamower 9hpil promptty givo to i.ender all►ecoipta
<br /> - ; of paid{mmium�and rcnewal noticCS. In the event of loa�,Borrowet ehaQ glve promgt natico to ehe ittaurnnco c,urler and _
<br /> � L.ender. Lettder mny mnko proof of loss if noi mado promptly by Borruwcr. L,
<br /> Unles�L.ender and Borrower otherwlse agrce in wridng,insuraaco procecda eha11 be aQplled to rcstoration or�pair of
<br /> the Property damoged. if the restoratton or repulr 3a economicelty feASiblo und Lendor� security iA not tearened. If 1ha
<br /> • ICSIOiBt�on or rcp�ir is aot economic�ily feasfbla or [.enderk securtty wauld be Iessened,the lnaurnnce pracecds ehall be
<br /> opplied to the sums sezured by thia Secudry Inahument,whether or not then due,wi�h any excess paid to 8orro��er. !f
<br /> �orrower abandons the Property.ar does not answer within 30 days a natico fram Lender that tha insurnnce carrIer has
<br /> offened to settle a claim,then l.cnder may coltect the insurance proceeds. Lender may uso the ptoceeds to repair or ra9tom
<br /> - • the Property or to pay sums serure.si by thiR Secu�fty insaument,whether or not then due. The 30�dny pedod will begin when
<br /> the nodca is Biven.
<br /> Unleas.c i.ender eod Bormwer atherwiFe agm,�in writing,any applIcet2on of proceeas to pdncipal s4sa!!not extend or
<br /> *,��'� postpone the due date of the monthly payments referred to in para�raphs !�r�d 2 ar change tha umount of the paymente. If
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<br /> ,,►, �", ;17 , under ara h 21 the Pro Is a uired b L.ender.8arrower's rl ht to an insurancc licles and roceeds resultin
<br /> �i,;�����:w°�,,;:;# ' from demage to the Property pdor to the ucquisitlon shell pass to L.ender to tha extent of the xums secured by this Security
<br /> �'�•4�+�•�•�r �Q Instrument immediutel dor to the acquisItion.
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<br /> �- 3lr.. ,,,. .��. 6. Occapancy, Preservation, Njalntenance and Protectian o! the Propertyi Borrower's Loan Application;
<br /> „ �°"'•t I.easeholds. �orrower sh�ii occupy,estabtish.w�d use the Property ag Borrawerk princlpal residence wIthin Rixty days efier -
<br /> _- - =•--- the execas�un of this 5ecudty Instniment and sl�sl!conttnue to oceepy the Pm�ny ea Rnrmwerk�rincipal residence for nt .
<br /> least one year ufter the date of occupancy. unless l.ender othenvise agreea tn wridng, which consent ehal! not be
<br /> unreasonably withheld.or unless extenuating circumstances exist which w+e beyond Bomuwer�s control. Bomower shull nat
<br /> � � . destroy.damage or impair the Properry.allow the Property to detedorate.or co►nmit waste on the Property. Borrower shall
<br /> � . . be in default If any forfeiture action or proceeding,wbether clvll or crlmtnal,is begun that in Lenderb good faith judgment
<br /> „ could result in forfetture of the Prope�ty or otherwIse matedally tmpair the lien created by this Security Insdument or
<br /> . � . . Lender's securIty interest. Borrower may cure such a default and reinstate.as provided in paragraph 18.by causing the actton
<br /> . .. "„ " •� •• or proceeding to be dtsmissed with a ru0ns that,in Lender`s good falth determination.precludes forfeIture of the Borrower�
<br /> ' „ interest in the Property or other material impaitment of the lten cmated by this Secwrlty Instrument or L.ender� security
<br /> � " interest. Borrower shall also be !n defuult If Horrower, dudng the loan applicatton process, gave matedally false or
<br /> . � , inaccurate informadon or statemenGs to Lender(or failed to pmvtde Lender with any materl�l information)in wnnection wIth
<br /> " the loen evidenced by the Note, includins, but not lim{ted to. representadons conceming Borrower�s ocrupancy of the
<br /> -- F'roperty as n principal residence. If this Security Instcument ls on a lensehold,Borrower shall compty with uU the provisions `
<br /> of the lease. If Borrower acquires fee title to die Property,the leasehold and the fee title shall not merge unless l.ender agrees
<br /> `� „ to the mergcr in wrtting.
<br /> „ 7. Protectton of I.ender's Rights in the Property. If Borrower fails to perfortn the covenants and agr+eements
<br /> ' conudned in this Security Instrument,or there is n tegul proceeding thut may signjCcantly affect L.ender's r�ghts In the
<br /> Property(such as a proceeding In bankruptcy.probete,for condemnution or forfeiture or to enforce laws or regulations),then —_
<br /> -� � • . - - - Lcndcr may da and pay for whutever is necessary to protect the vulue of the Ptoperty nnd I.ender's rights in the Property. =
<br /> � - ' Lender's ucttans muy include pnyin�any sums secured by u lten which has prior�ty aver thts Security Instrument.appenrin�
<br /> � ' in caurt,payinR rensonabie attomeys'fees und entering on the Property to make repairs.Although I..ender may take actton
<br /> • • under this para�raph 7.L.ender daes not have to do so. _--
<br /> ° . Any umounts disbuned by Lendar undcr this parugmph 7 sh�ll become additionut debt of Borrower secured by this �'�
<br /> �' Security Instcvment. Unless Borrower und L.ender agree to other tcrms of payment.these umoun4ti�huU bear interest from the
<br /> date of disburscment at the Notc rnte und shull bc payublc, with intcrest,upon noticc from Lender to Borrower mquestins ���
<br /> � ' payment. �r_�:
<br /> 8. Mortgage Iasurance. If Lender myuircd mortgu�e insunsnce us u condition of making the loan secured by this �`
<br /> - Security Intitrument,Borrower shull puy thc premiums requircd to muintuin the mort�age insurance in effect. If, for any
<br /> � reason, the mortguge inzur�nce covcrage myuircd by Lendcr lupsex or ceases to bc in effect, Bortvwer shaU pay the ,
<br /> � ._ prcmiumz myuircd to obtuin coveruge xubstunti�lly equivatent to the mortgage insurance previously in effect,at a coct _ .
<br /> " substuntially eyuivulent to the cost to Bormwcr uf the mort€agc insur:�nre prcviously in effcct,frum an a{ternate mortgegc
<br /> insurer appn►ved by Lender. !f,ubstuntially eyuivrlent mortgage insurance coveruge is not nvniiable,Borrower shall pay to �
<br /> Lender each month a sum eyuol to one-iweltth af the yeurly moRgu�e in�urunce pirmium bc:ing paid by Botrower when the �
<br /> imurancc covcrugc lupsed or ccu+rd to Ix in effect Lrndcr will urcrpt,use und retain theze paymcntx us a loss reserve in lieu
<br /> of mortgugc insurance. Los,rcservr paymentti may no longcr tx requimd,ut thr option of I.ender, if mortgnge insurance
<br /> covcrage(in thc amount and for the period thut Lender rcyuim.)providrd by un in.urr�approved hy Lendc�aguin becomes
<br /> uvuilabic und ix ohtuincd.Bormwcr shatl pay the prcmiumti rcyuircd tc�maintain mongugr inwrancc in effect,or to provide u
<br /> � loss rctierve,until thc reyuirement for mongagr insuranrr end,in urroniuncr with any writtrn c�greement between Borrowcr
<br /> • and Lcndcr or applir�blc luw.
<br /> _ y 9. Inspection. Lender��r its i►grnt ntuy muhc rtu�anuhlr entrir�uExm und imprctiunti uf the Property. Lender shull
<br /> give Horrowe�notirr ut thc time ot'or prior to an impertiun specitying rcasonuMr cau.c ti�r thr in+�xction.
<br /> , 10. Condemnation. Thc proccedx of any uward ur rluim ti�r dum�gr.,dircrt or r�mxryurntiitl,in cannrction with uny
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