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<br /> , period.s�hut l.ertder rcyuires.1he inauratce cnrrlcr ptovldi�ig tlrc ineuru�uc ehall be chasen by 8areowcr xubJect ta l.cndor4�
<br /> npproval whieh shall not be unnensonably withhald. If Borri►wer fAils ta muintuin caveraga de�cdbed ubovo.l.en8er mny.ai �_
<br /> -- I.enderb option,obtain coverage to prntect Lender4�dghte in the Praperty in uccordance with pumgrnph 7. �
<br /> �'. � I
<br /> � � All lnsuranco pollcleR�nd renewnls ehull be acceptahle ta L�mdor urtd xhall includo a Rtandnn!monguge ciuuse. Lender
<br /> '= I __ Rhnll huve the dght to hold tho policies und ttnewulK. If L.ender r�equires.8arn�wer ehall promptly glvo to Lender uU receipts
<br /> - _:- ------ - -
<br /> �. of puid pmmiums and eenov�af noticeg. In the event of losg.8orrowcr xhull give pnm�pt nutictl uu tho i�tisuranco carrior und - ------�----- - -
<br />— `"'"° � ` Lendcr. Lender muy make proof of tu4q if not mnde promptiy by Bnnowcr.
<br /> � c--= ,._ _,,-_ ,
<br /> � Unlexa I.ender und IIotrower otherwiRO agreE In wrltMg,ineurance proccedx ehall bo applled to restoratian or repuir of
<br /> the Property dnmuged, if the�+eswration or repair ia economtculiy feusiblo and I.ender!�securlry ix not lessened. If the
<br /> '.. �""`�. �' • matoration or repai�is not economicully feavible ar L.enderk secudty would bo Iessened,tho insuronco proceeds sh�ll be
<br /> , �4�*'.�' h,,. upplied to the sumA Recured by tMs Security Insuument,whether or not then due.with any excegs puid ta Barmwer. !f
<br /> '� •t'����:•.'•�• ���4 Borrower nbnndons the Praperty,or doea not answer wtthin 30 dayn u notice from I.ender thut the inxurunce enrrter haw ��
<br /> ' •�.�::,}'ni; .�'"'a'.� - -
<br /> , � �,��*t.,, ..t.,, offered to settie o cluim.then Lender may collect tha insurance proceeds. Lcnder may use the procceds to�+epair ar restore
<br /> ' � ° � ` the Property or ta pay suma saured by thf.g Secudty Inattument,whether or not then due. The 3Q-day pedod wil!begin when
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<br /> „ �. .„, :�:.`-�... the notIce is given. —
<br /> . .. • � Unless Lender and Borrower otherwise ugree tn wdting,any appiicution of proccrds to princfpu!shatl not extend or
<br /> postpone the due date of the monthly payments referred to in parngrnpha 1 nnd 2 or chango the amount of the pnymentn. If
<br /> � •� �t �"' ' • under parugraph 21 the Property la acquired by Lender,Bomnwe��a right to any inauronce policIes und proceeds msuUing =-
<br /> � .. from dar.►uge to the Prope�ty prior to the acquisition shull pass to Lender ta the cxtent of the�sums secured by thi�Secudty _- ,
<br /> ' ' Insuument immediutely prior to the acquisitlon. �'��
<br /> T�;;, :._ ,. • 6. Occupancy, Preservadon. Maintenance and Protectton of the Prnpert�; Boerower's L.oun Applicadon; =��•�
<br /> � , . .. `. I.easeholda. Boirower shall accu �—---
<br /> py.estublish.and use the Proper�y w Burruwer�princ pai re�idence within sixty duys after �,,��_-
<br /> = . .a =--� ------ the execucion of chis 5ecur�iy In�uument und,hi+ii wntinuc to�a.u�y ti►a P�apecty ac i3ortawtr�priaclpat residcnec for at -
<br /> ' • least ona year after the date of occupsincy. unless Lender othenvise agrees in wrlting. which consent shall not be �-�"?-
<br /> ''•'� � �' ue�reasonably withheld,or unlecs extenuuting circumstances ex[st which are beyond Borrower�control. Borrower shal!not ;�"•
<br /> . ' • destroy.dnmage or impair the Properry,allow the P[openy to detedorate,orcommit ww;te on thc Property. Borrower shall ••��f,
<br /> be in default if any forfelwre action or proceedin�,whether civtl or criminul,is begun that in Lenderk good faith Judgment � �,�`'�_
<br /> � � could cesult in forfeitwc of the Property ar otherwise matedally impair the lien created by this Security Insuument or �.:t. ��..
<br /> '�� •� Lender�secudty interest. Barower may cure such u default und relnstate,ac provided in puragraph I8,by causing the nction
<br /> �. • or praceeding to be dismisr;ed with a ruling that,in Lendert good fuith determination.precludes forfeiture of the Borcower?� . ># -_
<br /> , interest in the Properry or other matcrial impairment of the lien creuted by this Secu�ry Mstrument or Lendcr�secudty _
<br /> •• interest. Borrower tihall alw be in default If Borrower. during the loun upplication process, gave materinity false or - �. "
<br /> inaccurnte information or statements to Lender(or fniled to provide Lender with uny mater�al lnformntion)in connection wlth ""
<br /> _—.___.__—.. the loa�� evldenced b y the Note,inclu33ng, but not limtted to, representntions conceming Borrower's occupancy of the • �
<br /> • " Property as a pr�ncipal residence. If this Security Instrument is on a leasehold,Borrower shnti comply wi t h a i i t he provisions ` - "' ° °' '
<br /> � of the lease. If Borrower ucquires fce title to thc Property,the IeASehold and thc fce title shaU not merge unless I.ender agrees " ,.
<br /> ��;�! to the mer�er in writing.
<br /> � .'•�� 7. Protection of Lender's Rights in the Property. lf Borrowcr fuils to perform thc covenants und agmements . ,
<br /> , contained in this Security lnstrument,or there is n tegal proceeding that may significnn[ly affect Lender's rights in the
<br />--... _ .._...,......_ ......... .
<br /> Property(such a,a proceeding in bankruptcy,probate,for condemnation or forfcitum ar ta enforce laws or regulations),then
<br /> i.ender may do and puy ior whuiever i���ece.,ury to �JOtC�I IIIC Vi31UC Ul lf� F�upcliy wiu L���u�j���I�F�t� i�t tt'�c I'��j�:.�.y. ----=
<br /> Lender's ucttons may include payin�++ny sumti tiecured by u lien which has priority over this Security Instntment,uppeuring
<br /> in coun,paytng mpsonable attorneys'fce�und enteiing on thc F'ropeny to muke repain. Although Lender may take uction ,-
<br /> •• under this purngraph 7,Lendcr docs not havc to do xo. �t;�
<br />:�,: Any amounts disbur.;ed by I.ender under this paragruph 7 shull become udditionul debt of Borrower secured by this +�`:n ,
<br /> Secudty instrument. Unless Borrower und I.ender ugrc�e to athcr terms of payment,thesc umount�shall beur interest from the ��,;. �
<br /> '�� date of disburxement ut the Note rute and,huU be payuble,with interext, upon notice from Lender to Bamower requestin� �-���._
<br /> payment. �%�='
<br /> - 8. Mort�age Insurance. if Lender rcquircd mongage intiurnnce us u condition of muking the loun secured by this � y�,�:'�
<br /> �' , Securtty lnstrument, Borrower shull puy the premiumx reyuired to muintuin the monguge insurunce in cftecL if,for uny , , . •
<br /> • , ' reason, the mortgnge insur�mce covernge reyuireJ by Lender lap+cs ar ccuseti to be in cffect. Borrower tihuli puy the . - :_
<br /> � premiums mquimd to obtain covecuge subxtunnul�y equrvatent to the mortguge in,urance prcviously in effect. ac a cosc �� �- � �' �
<br /> � substantiully equivalent to the rost to Bormwcr of thr mortguge in,urance previously in effect,from un ultemate mon�age •
<br /> • insurer upproved by Lender. If substantiully eyuivalcnt mortgugc imurunce cuverugc iti nut uvuiluhle,Bortower shull puy to , , . -
<br /> • Lender euch month a cum eyuail ta ane-twelfth of thc ycarly mort�age intiuruncc prcemium tx:ing paid by Borrower when the . :
<br /> insurunce coverAge lupxed orceused to be in effect. LenJer will uccept,utie and rrtuin the�e puymentx us u lotis retierve in lieu ° .,
<br /> of mortgnge insuruncc. Losx rescrvc puymcnt+muy no longer tx requin:d,at thr option ot l.cndcr,if mortgagc insurance ' ,
<br /> coveru�e(in the amount und for thc �xriod thut Lrnder myuin�)pmvided by an in+urcr upprovrJ by Lender aguin hecomes
<br /> uvuiluble und ic obtained.Bortowcr shalt pay the pttmium�nyuir�d to maintain mortgugc insurunrr in effect,or to providc a „
<br /> . loss reserve,until the requi rement fc�r mortgagc in.uruncc endx in uccordancc with any wriucn ugrrcmrnt b�twecn Borrowcr
<br /> und Lendcr or npplicublc luw. ,
<br /> ', � ,. 9. Inspect[on. Lcnder or it, ugcnt muy mukc reationuMle entrics upa� und in,prrti�►ns of thr Property. Lendcr.hall
<br /> " give Borrower notice ut the time of c�r prior tu im in,�xction.pecifying rcatiorwhlc cautir ti�r thc inspcction.
<br /> 10. Condemaation. The pnx:ceds of uny swivd ar claint fnr dumage�.dirrrt or comcyurntial.in connection with uny I
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