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<br /> �-r- � — pedoda thai I.ender reyuirea. The insurnnce caaler pmvlding the inaurunce�shall be chosen by Borrower aubJect to Lenderi�
<br /> � approvnl which ehaU not bo unreasonably withhe�d. If Bonnwer fails to muintain coverage descdbed Above,Lender may.et
<br /> _ Lenderls option.obtaIn coverage to protect Lender's righte in tho Property in accordunca wlth pstragmph 7.
<br /> All insurance poUcfes and renawals shuii tre acceptable to i.ender and shall Include a standerd mortguga clauso. Lender _____ __
<br /> � �a`t�7G::�€i • ah�ll have tha right to l�old the palicies And renewala. If Ge�Mer requires.Borrower sholl pmmptly givo to l.endor�nll reatpts �
<br /> _ �-- ___,__
<br /> of puid premiume and renewal notices. In the avent of toas,Borrower shall give pmmpt nodce to tha lnsuranco carrIer and
<br /> �`, l.ender. Lender may mako prnof of loss if not made promptly by Borrower.
<br /> F � :;:4 Unless l.ender and Borrower othenvlse ngree ln wddng.tna�rartce proceedv shnll be applied to restorattan or repair of
<br /> �. , the Propertyr dumuged.if the roatoration or re p a i r ia economic.�lly feaslble and L,enderl�aecudty is not leaserced. U tho —
<br /> � ' F.�;',,'�•: ' restoration or repatr 1R not er.onomtcally feasible or I.ender'a r,ecudty would be lessened,ttte tnsumnce proceeds shcill be
<br /> • ��:�'��•- � '' applied ro the sums secw+ed by this Security Insuument,whether or not then due, wlth any excesa patd to Borrower. IP
<br /> �. ��"`:��,��:'�""-'.�". Borrower abandan�s the Property.or dces rtot answer within 30 days a notice fmm L.ender that the Insurance cerrIer has __r_____
<br /> ;�"'i='.'�.t+':' �'��,�` offered to settle a claim,then Lender may coilect the insurance pmceeds. Lender may use the proceeds to repair or c�estaro
<br /> . ":�y'�'�:'�-`:'•�+�. Pe Y p Y Y Y Y Pedod wlll begin when —
<br /> . •,_„ . .., � ..,: .. the Pro K or to a sums secuced h this Secudt Inauument,whether or not then due. 'the 30-da
<br /> � ,�� ' •:.'r the nodce is given.
<br /> ,.� , .. Unless Lender and Horrower otherwise a�mx in writing,any appllcation of proceeda to pdncipal shall not extend or
<br /> >� ,. <« � postpone t he due date a f t he mon t h ly payments re fe r re d to in paragrap hR I an d 2 or c hango the amount o f the paymenta. I f
<br /> � ° ".p under paragraph 21 the Property is acguired by Lender.Borrower's dght to arry Insurance policies and proceeds resulQng
<br /> �',` " ',' � � ' �; from damage to the I'roperty prlor to the acquisltion shall pass to Lender to the extent of the aums secured by this Security _
<br /> , • � Insuvment immedintely pclor to the acqulsttIon. -- •
<br /> 6. Occupancy, Preservation, Matntenence and Protectton of the Properiy; Borrower's Loan Applicatton; ---
<br /> "'-``� � � "` Leasehofds. Borrower shalt occupy.establ�sh,and use the Yroperty as Honnwerfi pnncipal residence within sixty days aiter �'=�-°°
<br /> f � the execution of this Security Instrument and shall contlnue to occupy the Praperty ac Horrower�principal residence for at ..; �_�::,.�-
<br /> E ..' ' leaut one year after the date of occupancy. unless l.ender otherwise agrees in wrIting, which consent shall not be '�'''�`�
<br /> `. �+•• unmasonably withheld,or untess extenuating circumstances exirt which are beyond Borrower`s control. Borrawer ahall not •�t� ...
<br /> ' ' ' destroy.damagc or impair the Propeny.allow thc Property to detedorate,ar commit waste on the Property. Bocrower shall "�--����
<br /> . be In default lf any forfelture action or proceeding.whether cIvil or criminal,is begun that in Lender�s good faith judgment r�€„� �
<br /> " could result in farfeiture of the Property or otherwise matedalty impair th� lien created by this Secur�ty Instrument or `l�'a�"`-
<br /> Lender�s security interest. Borrower msty cui�e such n default end reinstate,a.s provided in para�raph !8.by caustng the acdon �;:��;;.�,--
<br /> or proceeding to be dismissed with u rulin�that,in Lender's good faith determinatlon,precludes forfeiture of the Borrower�s ��""-�•
<br /> Interest In the Property or other materiul impairment of the lien created by this Secudty Instrument or Lender's secudty ' '°'•
<br /> � interest. BoROwer shall a�so be in defuult if Borrower, durin the loun a lication rocess, ave materiull false or z `
<br /> -- -,-_- insccurute information��r stuiemcni�iu Ixndor(ur iaiteJ to provide Lender with Any matenui infocmation)in connection with �-�:,�_
<br /> the loan evidenced hy the Nate. lncludin�, but not limited to. representutions conceming Borrower!� occupancy of the �
<br /> Property as A principul residence. If this Securlty Intiaument is an n Icuxehold.Borrower sha�l comply with all thc provisions
<br /> . •• af the Iea�e. if Borrower acquires fee titie to the Property,the Ieuschold und the fee title shall not merge unless l.ender agree4 - •
<br /> ,. to the mcrger in writing. ��,
<br /> , 7. Proteetion of I.ender•a Itt�;hir+ in the Property. If Bo�mwcr fc�ils tc> perform the covenunts und ugreements
<br /> contuined in thi� Security Inxtrument, or therc iti c� Ic�a� pr<�cceding thut muy ,ignificuntly uffect I.enderti rightti in the
<br /> Pn►peny(such ux u prikcedinb in bunkruptry,probutr,f�ir rundemnutiim or ti+rfeiturc or to enfoma luws nr regulntiong).thrn "
<br /> l.endrr muy do und pc�y fi►r wh�ucvrr i,nrrc+.ury tu pn�tcct thc vuluc��f thc Propeny und Lendcr ti rightx in th�:Property. ' -
<br /> I.enderi,uctlonti muy include pi�ying iiny�um�ucurcd by u lien whirh hu,priority uver thix Security Instrument,uppeiuing
<br /> in court.puying reu.ronuble unumcys'te��und rntrring on thc P�operty to mukc rcpi�ira. Although Lender muy tuke uction
<br /> undcr this pttrugruph 7,Lender d�kx nut h��vc to du�o. -
<br /> Any umaunts ditibuned hy I.cndcr undcr this purugntph 7 shull tkrome udditionul dcbt of Borrower securcd by this
<br /> Securiry Instrument. Unletis Borrnwrr und L.endcr ugrcc w othrr tern�,of puyment,these umountx xhull beur intere+t from the -
<br /> . dutc ot disbur.ticmcnt ut thc Notc rulc und shall tk puyublc, with intcmzt,upcm noticc from I.cnder to Borrowcr reyueuin� ,.;=�
<br /> pnymcnt. " ;,-
<br /> 8. Mortgage Insurance. If L.cndcr nquircd mortgugc insurance i�.u condition�if muking the loun secured by this ' ;
<br /> . „ Security Instrumen4 Borrower.hull puy thc pmmiumx nyuind to muintuin thr mortgugr in,urunce in effect. [f, for uny
<br /> rcason, the mortguge insurunce coveruge reyuimd hy l.cnder lupsr, �,r cru�es to be in cffect, Borrower shall puy the � ��
<br /> prcmiums reyuimd to obtain ruvcruge sub�tuntiutly eyuivulrnt to thc mortgage inxurunce previouxly in effect, at u cost
<br /> substantiully cyuivulent to the ru,t to Borcowcr of thr murtgugc in.urunce pr�viuu+ly in rTfect,fr��m un ultcmAte mortguge
<br /> insurer npprovcd by Lendcr. If subxtuntiully cquivulrnt mortguge in.uruncc covcaige is not uvuiluble,Borrower shall pay to
<br /> Lender euch month u+um eyuul tu onc-twrtflh c�f the ycurly mon�uge insurunrc premium heing paid by Borc�ower when the
<br /> • inxunince covers�ge Inpsrd c�r crutied to hc in eff'cct. Lrndcr will urrept,u.r anJ rctain thrxc paymcnts us u los�re+ervc in lieu •
<br /> of mortgngc insur.�nce. Lotix rrsrrve paymrnt� muy nn lon�rr lx rryuircd, ut thr opti<m o(L.ender, if mortguge in.urance
<br /> covcrnbe(in the umount und fcir the�xri�xf that Lrndrr rcyuires)pnwidcd by xn insurcr uppruvcd by Lcndrr uguin brcomes
<br /> uvailuble and ix e�htuined.Bcmuwrr shall puy thr prt mium�nquired tc�muintuin murtga�±c in�urs�ncc in effect,or to provide n
<br /> luxs rcserve,until the requirement fiir murtgage in�urtmcr rnd�in accordancr with uny wrinen ugrcrment l+etwcen Borrower
<br /> und Lcndcr nr applicublc law.
<br /> , '' 9. Inspertion. Lendrr or it.agrnt muy muhr rcutionuble rntric.uExm und in�Exction+ut the ProExrty. Lender shall
<br /> , givc Borrowcr noticc at the timc of ur prinr to an im�xrti<x�ti�xrifyin�rca.i�nahlr r:�u�c tirr thc im�ctiun. !
<br /> � 10. Condemnation. Thc pnxcrdx of any awurd ur rliiim ti�r d:m�agr�,dircrt ur r�m.cyurntiul,in conncction with uny ,
<br /> `m�l�I:mulr�-Eannlc�1nMFYcddle\fuc t°N1Ft1li�t t\ti7'RC�1F.V'f•�I��ut�mn c'u��w.mn 9/911 �puqr?,/n p,ipr.� f
<br /> . �aeu tntrn xu.inno F'�rm�.tnc ■
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