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<br /> _- - - --— , periods that Lender requima. Tho insurnnca curtler provlding the inxurmice�hull ba choscn by Borrowcr subject to Lender� �"""` ^ -
<br /> appmv�l which shull not be unreusonably withheld. If Borr�awer tuils to maintaln coverngc dcscribed above.l.tnder m�y.ut
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<br /> _ ____ _,o„d l.endtrk apdnn.obtaIn covernge to peotest I.enderl�rightx in the Pro rty ln nccardance with pnmgmph 7.
<br /> „ All ineumnce poliMes and renewals xhall be accepwble to I.en er und shull include a stundard mortgage clanxe. Lender
<br /> - ahait have tho cigfit to hold the policies and renewatx. ti Lcndcr ryuirea,BUrtower»ha11 prumptly give tu I.ender�ti rca�ipt»
<br /> • of paid premiums end rertewa!notices. in the event of loss,Borrower shull give prompt natice ta tl�e inxurnnce cnrrler and �__-- -
<br /> =_ Lender. Lender mny make pmof of losa if oot made promptly by Borrawer.
<br /> fi� UNess Lender tind Bortower otherwise s�g�ce in w�lting.Insurnnce procceds shall be applied ro restoratton ar repair of
<br /> •• the Property d��maged, if the restoi�utian or r�pair is economically feuslble nnd l.ender'�necurity ls not leasened. If the
<br /> — �storat�on or r+epair i»aot ecanamically fcaz:i6le ar Lender!s security wauld be Iessened.the Insumnce proceeds shall be ---
<br />- - applied to the sums securcd by this Securlry Instrument,whether ar not then due, with any excess ps►id to Borrower. If
<br /> �,,��r � ° Borrower abandona the Property.or dces not answer within 30 duys a notice from I.ender that the insurance carrler hna —
<br /> + '�-;'r`� offered ro settle n cluim,then Lender may col lect the insumnce pmceeds, [,ender may use the pmceeds ro re air ar n:stare
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<br /> � 4.��• the Propecty ar ta pny sum�secured by thi.c Security Instrument,whether or not then due. The 30-dny perlod w Il begin when =-----
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<br /> a. f� the natice is given. _°__
<br /> W..• Unles.g Lender und Borrower otheFwise agree in w�iting,nny applicutian of proceeds ta prtncipul shnll not extend or �=�--__.
<br /> . ��;�tii.°".,;`,��„'`''���, postpane the due dutc of the monthly nayments refermd ta in pnrngruphs ! and 2 or changc the amount of the puyments. If �,:____ _
<br /> � ,'� � „ under paragraph 21 the PropeRy is acquired by Lender.Bamawer's�i�ht to uny insurance policies nnd proceeds tesulting R�;��--
<br /> ���� �"• from damage to the Property pdor ta the ucquisidon shall pa+s to Lender to the extent af the sums secured by this Securiry ',y-�r-6--
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<br /> �''����� '� �� "' Instrument immediately prior to the acqu�sjtlon. ' �
<br /> �°` ' ' r� � 6. Occupancy� Ptr.cervation, Maintenance and Frutectiun of the Property; Burruwer's Luan Appiication; ;"�`����
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<br /> ' �'—"�"—" - " I.enssrhvIJ�, Sunuwcr�Luil u�cu
<br /> .._ _.— _—.. py,c+iubli+h.aud u,r ti�C P�u}��ty u.,f3www�,;p,iuc►pal r�sldence wtthtn sixiy days aftcr •--
<br /> i�� ' �� the execution of thjs Security lnsuument and shall cantinue to occupy[he Property u�Borrower�principal residence for at •
<br /> �"�; lenrt one yeur aRer the dute nf uccupuncy, unlexti I.ender otherwise ugrees in writing, which cansent shat! nat be • ._�_
<br /> �, unreaconably withheld,or unless extenuuting cireum�tunces exist which nrc beyand Borrower;cantrol. Borrower ahall not � '��
<br /> ' • ,. destroy,dama�c or impair the PropeRy.ullow thc Praperty to deteriorute,or mmmit waste on the Property. 8onower shall �. ;��
<br /> ,, be in default if any forfeiture uction or proceedin�,whether civil or criminul,iti begun thut in Lender's good faith judgment --
<br /> „ cauld result in forfeiture of the Property or otherwise muterinlly impuir thc lien created !�y this Security Instrument or ,;, �� -
<br /> „ .. • Lender�secur�ty intenest. Barrower may cure such a defuult und reinstate,us provided in paragraph 18,by causing the actlon :' •..�:��
<br /> or procceding to be dismissed with a ruling thut,in Lcnder's good fuith determinution,precludes forfeiturc of the Borrower�s f=:--�
<br /> , interest in the Property or other material impuirment of the tien rmuted by this Sacurity Instrument or Lenders security �
<br /> ° interest. Barrower shall ulso be in defuult if Borrower, during the loun Applicution process, gave materially falte or ,4 �`
<br /> inaccurate information or statements to Lender(or fuiled to provide Lender with any muteriul infortnAtion)in connection with ; . ,�--
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<br /> { " the loun evide�ced by the Note, fncluding, but not limited to, reprcxentationh conceming Horrowert occupancy of the -
<br /> Property as a principal retiidence. If ihis Security Imtrument Is on u Icusehold,Barrower shull comply with ull the provlsions �`_�
<br /> . of the leuse. If Bormwer acyuires fee title to thc Property,the lcusehold und the fee tidc shsll not merge unless Lender agrees `=�
<br /> " to the merger in writing. �
<br /> i �� ' . 7. !'rotectlon of l.ender's Rights in the Property. If Bonower fails to perform the covenants and a�reements .,
<br /> contnined in this Securiry Instrument, or them is u trgal pra:ceding thut muy .ignificantly nffect Lender's ri�htx in the " �___
<br /> �° -� --_- .---- =- �`--- Ptuperty i�uch a+u prcxeeding in bunkruptcy. prubutr,fur cundemnutiu��ur fo�Peiture ur w enPiirce luw,ur iegulutiom),then � ��_-
<br /> ' Lender may do and pay fur whntever i,necestiary to protect thr vulue of thc Property and Lender'.s rights in the Property. ' "°
<br /> Lender�actions may include paying any sums.ecumd by u licn which has priority ovcr this Security Instrument,uppeuring �
<br /> .. ' In court,paying reusonable uttorneys'fee.und cntering on thr P�openy to mukc rcpuira. Although Lender may tukc action
<br /> � under this parn�reph 7,Lender doec not hnve tci do�o. i%��_
<br /> , Any amounts disbursed by Lendrr undrr ihi�parugraph 7 rhnll herimic additionul Jebt of Borrower secured by tlus .f�l_-,
<br /> '.i; Security Instrument. Unlesz Bocrawer iinel Lcndcr:��re�tu other tenu.of puymcnt,thc+c unwunt�tihull lxar intcrest from the '��=- =
<br /> =� date of disbursemcnt nt the Notc ratc und +hull br puyuble, with int�re.t,uFxm notice from Lendcr to Borrower reyucsting •� °"'�,._
<br /> � " puyment. �.,-�-y.�`/--
<br /> • • • 8. Mnrtgage Insuranee. [f Lender rcyuircJ mortguge insur�nce c►.a�condition of muking the loun,ecumd by this � •�i��y�;
<br /> Security Instrumcnt, Bnrrower tihull puy the pmmium. reyuind tu muintuin�hr mortgu�e insurance in effect. If, far uny
<br /> . reuson. the mongugc innuruncr covera�e reyuiRd by Lcndcr tap�e+ ur cca�c. tu hc in ci'frct, iiurrower �h�U pay the ' --
<br /> , ptemiums requited to obtuin coverage whtituntially ryuivi+lent to thc mongugc in.urance prcviou�ly in effcct, ut n cost '�'�; '
<br /> . • substuntially eyuivulent to thc co�t to Burrow�r ol'thr nwrtgt��!e in,unmcc previuu.Iy in effert,frum un uttematc mortgage `�'.'�r•
<br /> insurer upproved by Lender. If substuntially cyuival�nt mc+rtgugr intiuruncr covrr.igr i.not uvuilublc.Borrower tihnll pay to � ����'''...
<br /> Lender each month n xum equul to onr-twclfth of the yearly mong��gr in�urance premium txing puid by Borrower when the �
<br /> . insurance coverugr lupscd or ceused tu tk in�ftcct. l.cnetrr will arcept.u,c and retain thr.r payment.a.a lo+,reservc in lieu ,
<br />_ • � of mortgage insuranrc. Loss nsrrvc p;q•ment�m:q�no longrr t+c reyuirrd,at thr�iption of Lcndrr,if mortguge insuranre �
<br /> ' , coveruge(in the amaunt und for the Fxriud thut Lrnder rcquirr,►providrd by an in+umr approved by Lcndrr uguin lxcomes
<br /> . � , avaitable und i�aNtuined.Borrower.hull puy ttx premium,re��uirrd tu muintain m�m�±ug�in+uranrc in rt'fcrt.c�r tc�provide a
<br /> � �.,;� los�mserve,until the reyuirrmrnt ti�r mungaFc in,urcmcr cnd.in arrordanrr with am•writtrtt agrcrmrnt tx:twcen Bormwer
<br /> '���,; und Lender or upplice►ble law.
<br /> F�" 9. Inspection. Lendcr��r it.agcnt m:ty mukc rcu.imaihl�cntrir.upun and in.prrtium u(thr PruExrty. Lendcr xhall
<br /> givc Borrowcr n�xicc ut the timc of or prior to:tn in�{xction�prrit�•ing rr:uonablr rau�e ti�r thc in.�xrtion.
<br /> .:! 10. Condemnation. Tlic pr<xecd+uf any aH•ard or rlaim f��r ilamnge..Jirert��r cun.cqurntial.in runncrtion��•ith any
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