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<br /> `�`��� ��� perlods thnt I»cnder reyuirea. 'fhe insumnce carrter pmviding the insurance ehull be chasen by 8orrower subject ta l.endeth "
<br /> - --� , uppmval which ehnil not.be unreasona6ly withheld. If Borrower failn tn maintuin covernge de�cdbed nbove.l.ender may,at
<br /> _ P Lenderk apitan,obtain coverngo to protcct i.endcrh righta in the Piroperty in nccordance wtth paragraph 7.
<br /> , All ineurance palictes and renewula shall be acceptubte ta Lender und ehnll include a standurd murt�age cluusQ. Lender
<br /> Rhall huve thtl right to hold the policics and ronewuls. If Lender requires.Bonower shnl!pmmptly gtve to Lender nl!receipts
<br /> � of paid premiums anci renewat natices. In the evetit of loss.Botrower Khull give prompt notice ta the inRUrunce caMer and
<br /> !_ - -- ixncler. l.ender may make proof of iosx if nat mudc promptly by 8orrowcr. •
<br /> ,�- - Unles�I.ender�+nd Borrower othenvi�se ngree in wdting,insurnnce proceeda shall be applied to rcatarattan ar repair of
<br />_ the Property damaged. if the restomtlon or repuir ia economtcally feaslble and L.ender's secudty is not lessaned. If tha
<br /> restor;�.�on or reps�r Is rtot economically feu�ible or[.enderk secu�ity would be lesxened, the insurance proceeds shul!6e
<br /> , applted ta the eums�se�ured by this Secudty [natrument, whether or nat then due.with any excess pnld to Borrower. If
<br /> Borrower ubundona the Property. ar doea not answer wlthin 30 days a notice from l.ender that the insurnnce currier has
<br /> offered to settle n claim.then l.ender ma�r collect the insurnnce praceeds, L.ender may use the proceeds to repair or restore
<br /> the Property or to pny sums�ecured by this Secucity{nstrument,whether ar not then due. The 30-day perlod wili iiegln when --
<br /> ,' ;�,;..�.-,- thc naticc is givcn.
<br />' �r • UnlesR l.ender and Barrower otheiwise agree in writing,uny applicatlon of proceeds tu prfncipal shal! not extend or
<br /> . J s,a.,::. postpone the due date of the monthly payme��4 refcrred to in pnragraphs 1 and 2 or chan�e the umount of the payments. If
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<br /> ��` �''"'"�"' � under ura h 21 the Pro is nc uired b Lender,Borrower!s d ht to un insurunce licles and roceeds resultin
<br /> ���. � : P Sn►p P��' 9 Y S Y P� P S
<br /> `� `,�F=Q�'�;��� from damage to the Property p or to the acquisition shnll puss ta Lender to the extent of the sums securcd by this Secudty
<br /> ��''�'='���� Instrument immediatcly prtor to the acquisitlon.
<br /> - �`��� ;�'� � '�', 6. Qccu panc y� Preservmt[on. Matntenance and Prntectton ot the Property; Borrower's I.oan Appttcation;
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<br /> " -- I.easehotda. Borrower shall occupy,estublish.and use the Property as Borrowcr's principui rr�ideucc witliiu aiaty daya afier =
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<br /> �, • the execution of thix Security Instrument and shall continue to occupy the Property as Aannwer�pr�ncipal residence for at
<br /> � .. ., . least one year after the datc of occupuncy. unless Lendcr utherwise agrees in wdting, which consent shall not be
<br /> � unrensonably withhcld,or unless extenuuting circumstunces extst whlch are beyond Horrower's control. Horrower shall not ���
<br /> ��� •• . � '�' desuoy.damuge or impair the Propeny,ullow the Property to deteriorate,or commit wuste an the P'roperty. Borrower shail —
<br /> " ' be in defuult if any forFeiture actton or praceedin�,whether civil or cdminal,i�begun thut in Lender's�ood faith judgment
<br /> . ".,, , could result in forfciturc of the Property or othenvise muterially impuir the lien creuted by this Security Instrument or �.
<br /> �. ;, „ Lender's security fnterest. Borrower muy cure such u defuult and reinstate,as providcd in paru�raph 18,by causing the action z�
<br /> �� or praccedin�to be dlsmistied with a ruling that,in Lender+good faith determinution,precludes forfeiture of the Borrower's �
<br /> ' interest in the Property or other muterial impnirment of the lien created by this Security Inrtrument or Lender's secudty --
<br /> " ,n � inter+est. Horrawer yhull ulso be in defnult if Bor►ower, during the loun appltcation procetis, �nve mnterially false ar �
<br /> inurcurute information or statements to Lender(or fuiled to provide Lender with any mutedal information)in connection wIth �
<br /> `> . !hC lonn evidcnc�d by the Notc. IlirlUdillg. Nut t1�t litnit�d to� Mrree�nt!+tiom concemiog Borrower c oe�cupnqcy of the �`'%-
<br /> � " Property as u princlpa{restdence. If thic Security Instrument is on u leusehold,Borrower shall comply with nll the provislons �;
<br /> .. � of the leuse. If Borrower acquims fee titie to the Property,the Icusehold and the fee title shall not merge unless L,ender agrees °
<br /> � to the merger in writ(n�. --
<br /> ' „ 7. Protection of I.ender's Ri�hts in lhe Property. ff Borr��wer fuilti to perform the covenantx and a�reements ��
<br /> _ _ • __ ' ___ contained in this SecurIty Instrument.or therc is u legul proceeding that may significantly affect Lender's rightti ln the �,J
<br /> -------'-`�-�- - Property(such ati u proreeding in bankruptcy,probute,for condemnanon or forfeuure or to enforce Inws or regulutions),then
<br /> ' i Lender muy do and puy for whatever is necessury to protect the vulue of the Property und Lender s rishts ia the Property.
<br /> �. Lender?c action+may include paying uny sumti secured by u lien which has prlority over this Security Inytrument.appearing
<br />- � in court.paying rcuxonuble uttorncyx'fce�und entering on the Property to mnke mpuin.Althoush l.ender may talce uction
<br /> , ' under this parngrnph 7,Lendcr does not hnvc ta do so.
<br /> � Any umounts disburyed by Lender under this purugraph 7 shull become udditionul debt of Borrower secured by this
<br />= Secnrity Instrument. Unlcsx Borrowcr and Lender agrec to pthcr ternis ot payment,the,e umounts,hnll bcur Interest from the �
<br />; . dute of disbunement ut thc Note rutc and shull be puyuble,with intemtit,upon notice from Lender to Borrower requesting
<br /> . puyment.
<br /> , 8. Mortgage Insurance. If Lcndcr rcyuired n�ortgugc in+urancc uti u condition af muking thc loan secured by this
<br /> Sccurity Inxtrument, Borrower xhull pay thc prcmiums rcyuired to muintuin the mort�tuge insurance in effect. If, for any
<br /> ' � c�easnn, thc mort�uge insurnncc coveruge rcyu�red by l.cndcr lupses or ccuses co be in cffect, Bu�cower shc►t! pay thc ,
<br /> , f �,� • pmmiums required to obtuin coveru�e xubxtuntiully eyuivulent to the mortguge in.r•urunce previousty in effect, at a cost
<br /> " � . ' substantiuUy equivulent to the cost to B�rrower of thc martguge insurunce pmviausly in effect,from un ulternate mortgage
<br /> . insurcr upproved by Lender. If substuntiulty cyuivulent mortgugc insuruncr caveru�e is not:►vuiluble,Borrowcr shnll pny to
<br /> Lcnder cuch month u sum equu�to anc•twclfth of the ycurly mortgugc inxuruncc premium bcing paid by Borrowcr when thc
<br /> � , insuranre covernge lapsed or reusrd tci lx in rffert. Lrnder will uccep6 uxe and mtuin thrsr puyment�nz u loss reserve in lieu
<br /> ',, , ' of mortguge imurunce. Loss mscrvr paymentz muy no longer be reyuircd,ut the option of Lender,if mortguge intiurunce
<br /> . coveruge(in the umount�nd for the period thut Lendcr rcyuircx>provided by itn imurrr uppmved by Lender uguin becomes '
<br /> ,; uvuilubic nnd is obtnincd.Bormwcr xhull piry thc prcmiums rcyuircd to maintuin mortgugc inxuruncc in cffcct,or to provide u ,
<br /> ' , loss reserve,until the reyuirement fnr mortguge insuruncc enJs in urcarciance with any wriuen ugrecment between Borrower
<br /> und Lender or upplicuble luw.
<br /> ° '�� 9. Inspection. Lender or its ugcnt muy muke nuwnuhle cntries upon und insprctiasm uf thc f'mperty. Lcnder shull .
<br /> = give Borrower notice ut the timc uf or prior to un inspection s�xrifying rrusoniiblr cuu,c ti+r tlie intipection. ,
<br />-. �.• . 10. Condemnatton. Thc prcxccds c�f uny i�wutti ur cluitn ti�r damugcx,dinnct or conscyucntiul,in connection with nny
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