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<br /> period�tl�nt Lcnder rcqutr�s. 7't�e insurcui�o carricr�►�vldln$the ins�irancu flhali tsa chosen by 8ora�nwcr su6Jcct w Le1��erb
<br /> � --- ' ay�mval wi�lch sb..eilli iiot b.;uqiauFOaably witfih�l�. I�t3arnrwar faits to m�intaia�.�varaua deecriMd c4r�ve�Lsn�r may.�t ----
<br /> Lenderb optlaM obt�in covera�e to protecl i.enderb dght�in tt►o Pcupe►ty ld iti.��ae wlth parn�riph a.
<br /> � A!l inaurmica policte�end renewdb�hatl be acceptablo io t.ender and ahdl �fudo R�tuid�M mort��ge c1�uRe. L.emier
<br /> eha116avo the d�ht to hold the polictas and nnew�ls. IP Ixnder reMuiror.8wrawar ehap promptly givo tu Lender all recefpte
<br /> ------------ ot paid premiums,end eene+val noUcss. !n the event oP lo�+,tiamwer ehetl give prompt notic�o to tUo insut�uico curlec utd
<br /> ------ --- - -� Lemier. l.endcr may make proof of losa if not mndo promptly by 8onawer. __.._
<br /> — Unicss Lendor And Borrower otherwtse agrce in wrlting.insuranca pmceeda ahalt be applled to re,�toration or repuir of
<br /> -- --- the Property damegsd.if the matoratlon or rapair ia economically feasible and l�snderl�se�arity is nw les�+ened. It the
<br />" roswratlon or rcpair is not economically feuslble or Lenderi� security wouid bo ltssened,the insutanca pmcecds shull bo
<br /> � applled to thc sums secured by thls SecurIty Insuument.whethcr at not then due,with any excess paId to Hormwer. If
<br /> Bormwer abandons the Property, or dces nat anawer within 30 duya a notice fmm Lendor that the inaumnco carrier hes
<br /> offered to settlx a cisim.then Lender may collect the insurnnce proceede. Lender may use the proceeds to repair or restan
<br /> the Property or to pny sums securcd by this Securlty Instrument.whethcr or not then due, The 30�day period will begin when
<br /> the notIce ia given.
<br /> � Unless Lender nnd Borro�ver othetwise a�ree in wrlting.any applicadon of proce�ds to prfncipa! sha!!not extend or —
<br /> postpone the due date of the monthly payments refemed to in paragrophs 1 and 2 or change the amount of ihe payments. if
<br /> under purngraph 21 the Property is acquired by l.ertder. Borrower�right to uny insurance policies and proceeds resulting
<br /> ftom damage to the Prnpe�ty prior to the acquieidon shap pass to Lender to the extent of the sums secured by this Secudty
<br /> Instrument immediately prIor to theacquisition.
<br /> 6. Occupancy, Pnservation, Mainteaance artd ProtectEon ot the Property; Borrower's Loan Applicadon;
<br /> �-�r;�y�,;�;ya�• Leaseholda 8orrower shati occupy,establish,und uso the Property as Horrawer5 principa2 residense whhirt s�xty days after ---
<br />_- �_-_•-- the execeetlott of ttsis Secur4ty Instrumeai and sha!!contlnue to occupy the Pm�wtty os A�rmwerk principal rexidence for at ._
<br /> �T.;,���a,�;;+^>�.. least one year after the dute of occuNancy. unlesa Lender otherwIse agrees In wciting. which consent ahall not be
<br /> •' - • '; unreasonably wlthheld.or unless extenuating clnumstancea exist whtch nne beyond Borrower�control. Borrower shaq not
<br /> ,2=:_�`.:�^`r����r,'�,�,i' destroy.damage or Impntr the Propersy.allow the Property to detedorate,ar commh weste on thB Property. Homower shall
<br /> � - be in default if nny forfeiture act�on or praceedins,whether clvil or cdminal.is begun that in Lender�a good faith judgment
<br /> ..; t.•z,��- �. �. ' could r+esult in forfeiture of the Property or otherwise materially impair the Ilen created by this SecurIty Inatrument or
<br /> � � " � '•�' Lender's secudty interes� Borrower may cure such a default and retnstate,as provlded in paragraph 18,by causing the acdon
<br /> ' � or proceeding to be dismissed wtth a culing thut,i�Lenderk sood faith detem�inatlon,precludes forfeittua of the Bolrowerb
<br /> " interest in the Property or othec cnuterial fmpairment of the lien created by this Secudty Instrument or Lender�s security
<br /> � . �. tnterest. 8orrower shaU also be in default if Borrower,dudng thc loan application process, gave matednily fulse or
<br /> • inaccurnte information or statements to L.ender(or fuiled to provide Lender with any mater�at Infortnatton)in connection wIth
<br /> ..� •. -� the loan evidenced by the Note, includi�g, but noi limited to. representations conceming Bomower!s accupancy of the
<br /> propeny as u principal resfdence. If this Security ins[rument is on a iensehoid,Horrower sbalI compiy wiiii uti ihC pruvjsiwin = -
<br /> '� of the Ieuse. if Borrower acquires fee title to the Property.the leasehold and the fee tltle shall not merge unless Lender agrees
<br /> � ;, �'� �' ro the merger in wdttng.
<br /> • � 7. Protectlon ot Lender's Rights in the Aroperty. If Borrower fnils to perform the covenants and agreementa
<br /> � .. . contained in this Security Insuvment, or there is a le�Al praceed[ng that may significantly affect L.ender's rfghts in the
<br /> ..� Property(such as a pcoceeding in bankruptcy.probate.for condemnotion or fotfettute or to enfurce Iaws or regulations),then
<br /> .._. __.-___-. -.-.-.. Lender may do and pay for�ehatever Is necessary to protect the value of tlee Property snd Lender�s right4 in the Pm�+erty. �—
<br /> Lcnder?s actlonx may include paying uny hums securcd by a licn which ha�priorlty over this Security Instn�ment.appearing
<br /> ' � in court,pnying reasonubie nttomeys'fces und entering on the Property to make mpain. Although Lender may take action
<br /> • under this paragraph 7.Lender dces not huve to do so. __-
<br /> , � . Any umounts disbursed by Lender under this purug�uph T xhull become udditionul debt of Boaower secured by this =•�
<br /> � Securiry In.r•tcument. Unless Borrawcr und Lender ugrec to other terms of pAyrnent,these amounts shnil beur Interest from thc —'
<br /> . date of disbursement at thc Nate ratc und shull bc payable,with interest,upon nodce from Lender to Borrower requestin� ���
<br /> payment.
<br /> , 8. Mnrt�aRe Insurance. If I.ender required mortguge insurance ati u canditian of makin�the loan secured by this
<br /> � Security Instrument,Bonower shull puy the pmmiumx rcyuired to maintain thc mortga�e insurance in effect. If,for any
<br /> � rcnson, the mortguge insurunce coveruge reyuired by Lender lup�es or ceuses to tie in effect, Borrower shall pay the
<br /> premtums rcyuircd to obtain ca�•crage substantially eyuivalent to the mongage insuranee pmvi�usly in effect, nt t�c��t
<br /> subtitantinlly ec�uivulent to the co�t to Borrower c>f thr mortguge insurance pmviouxly in effect,from ttn niternate mortgage
<br /> ' insurer uppmvcd hy Lcnder. If,ubxtantially cyuiv:►Icnt mortgagc insur.u�ce cov�ruge ix not nvniluble,Horrower shall puy to
<br /> Lender euch month a sum equul to onc-twcitih of thr ycurly mortgage insunincc pmmium l�ing paid by Borrowcr wt�en the "'
<br /> ° . insurrnee caveruge IupxeJ or ce�,ed to be in rffect. Lendcr will accept.u.e and retuin thexe payments uti n los.r•reserve in Iteu
<br /> ' . . of mortguge imurance. Loss re,erve puyments muy ne> longer be rcyuircd.ut thr option of�endcr,if mortgage in�urance
<br /> covcrugc(in thc umount++nd for thc�xri�xi that Lrndcr nyuirc.)pn�vidrJ hy un in.ur�r uppn�vcd by Lcndcr ugain becomes
<br /> uvnilubte und ix abtuined.Bormwer ahull pay thr pnmium�rryuirt d to maintuin mortguge inrurancc in effect,or to provide u
<br /> loss rescrvr.until thc rcquin:ment titt mortgagc in.urunrc ends in arcordnnce with uny�vrittcn ugicement betwcen Borrowcr
<br /> .. und Lendcr or upplia►blc luw.
<br /> •• 9. Incpection. Lendcr or it.agcnt rnuy mt►kr rcu.�muhtr cntrie.upon and in.prctiom of thr Property. Lender ahall
<br /> givc Borrowcr noticr ut thc timr of or priur tu itn impertiun��xrifying rcii.�muhle ruuse(or thr inx�ction.
<br /> ' I0. Condemnutiu�. Thc prixccd,uT:my a�card or claim tix dnmagrti,dirert<�r cumcyucntiul,in ranncction with uny
<br /> � timgl.Famd� -F'unnlc�tuci}Y�ddlc�fuc l'\IFtIR�1 IV%TRC\tt:�'I'..l�nd��mi Co�cn:mh 91�)0 r�ni.4r.i ujp pigi•u
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