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<br /> -._����:�''•=}��� periods that Lender requirca. The Ineuran�e carrier pmvIding the insurunce ahall be cho�en by BAnower subject to l.ender�
<br /> — . approval which shall not be unreasonably wtthheld. IP Borrower fails to mnintain coveragc descr[bed ubove,Lendar may�at _
<br /> Lenderb option,obtaIn aoveraga to pmuct L,enderk righUs in the Property in accordance with parapt�aph 7.
<br /> All insura»ce policies end renewals sha11 be acceptable to L.ender and shall include n standnrd mortguge clause, L.enQer
<br />--- ' shail have the dght to hold the policies und renewals. If l.ender requires.Borrower sha11 prampdy give to Lender a11 receipta
<br />---- - - --_�--=� of pafd premlame aled renewal not{ces. In the event of loss,Rorrower shull glve pmmpi natico to the insurance c,artler and
<br /> L.ender. I..ender may make proof of loss If not made prampdy by Borrower. �-__r._a____ _ . . __.
<br /> -���----- --� Unless Lettder attd Bonower otherwise agrce in wrid�g,insuranca proceeda shall be applied to eestorntion or npair of
<br /> � — the Property damaged, if the rostoratton or repair ie economtcally feasible and ixsnder� securlty is nqt tes�sened. If the
<br /> �'� r�estoration or repair is not economically feasible or Lendcrk security would be lessenad. the insurance pmceeds shell bes
<br /> +� agpUed to the sums secured by this Secu�ity Instrument,whether or�ot lhen due,with any excess paid to Boreowcr. If
<br /> Borrower abandons the Property.or daes rtot answer within 30 days a notice from l.ender that the insurance cat�ler has
<br /> �`F offered to settle a claim.then Lender may coltect the insunutce proceeds. l.ender may use tho proceeds to i+epnir or restore
<br /> r� ,> . the Property or to pay sums secured by this Secudty Instrument.whethcr or not then due. The 30�day period wlll begin when
<br />- . '' the notice is glven. —-
<br /> Unless Lender and Borrower othenvir+e a�ree in writing,any applicutlan af proccedx to principul ehall not oatend ar
<br /> �''f�� postpone the due date of the manthly paymenta referred to in purngrnph9 I and 2 or chunge the wnaunt af the pnymentx. If
<br />/ �'���- '4` under ure ra h 21 th� Pro rty iR ac uiced b Lender,Borrower�ri h y po p g
<br /> � �._::.,:;r,-,,,�;a;, p g p pe q y g t to an inxuranco licies nnd roceedx rexulNn
<br /> �.;:r,; ;. �- � from damage to the Property prlor to thc acquixltian shull pnsa to Lcnder to the extent af the�umx n�cured by thin Security
<br /> �� ;�,;•.," ;�=<<� Insteument immediately priar ta thc acquisition.
<br /> ''.� ; • .�� � 6. Occupaocy. Preservatlon� Maintenance and Protectton of the Pr�peMy= liarrower'H l.oan Appile�tton;
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<br /> . • � I.easehol�ln. Hc�rtawer e+hall accupy.extnbiish.und urc thc Property ax Borrowcrk principul rcxidencc within sixry dnyx uttcr �_ _ __ __
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<br /> �`L:�—�._.,_..:�__.,,,.. thc execution of this Security Instrument and�hnll cantinuc to accupy the Properiy aw Burcawerk prjncipul resfdencc for at
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<br /> Ieast one yecu after the dute of occupuncy. unleRx I.ender atherwiso ugrees in writing. which cnnxent xhuil nat be
<br /> anreasonably withheld,or unless extenuuting circumRtance�exi�+t which ure beyond Borrowerk cantral. Borrower shall not
<br /> � destroy,cWmage or Impair the Property,ullow the Praperty to deteriorate,or commtt wnrtitc on the Propeny. 8omower shall
<br /> • , be in default if any forfelture uction or proceeding, whether civ11 or criminai.is begun thnt in Lendeeh good fntth judgment
<br /> could result in forfeiture of the Property or Qtherwixe muterially impair thc lien crcated by this Security Instrument nr
<br /> • • lxnder�s security interest. Borrower may cure auch a defauls und reinstate,as provtded in paragraph 18.by cnusing the uction
<br /> " or proceeding to be dismissed wtth u ruling thut,in Lenderk good fuith determinatlon,prccludes forFejture of the Borcower's �_.
<br /> " ' interest in the Property or other material fmpairment of the lien created by thts Security Instrurnent ar I.eader4 securiry -- _
<br /> ' intemst. Borrower shall also be in default if Bortower, during the loan appitcntion process. gnve materielly false or --_
<br /> „ � , inaccurate Informution or statements to Lender(or fuiled to provide Lender wjth uny materIal jnformation)jn connection with f�-�
<br /> ' � ,•� the loan evidenced by the Note, including,but not limited to, reprexentuttons coneeming Borrower's acupancy of the � �,,
<br /> -- ''---- Fra�ny����n�t��:�:idenre. it'this Security]nstnsment is on s leasehold.9orro�ver sha2!comply �:�ish�ll the provisions
<br /> . of t lense. If Borrower acquires fce title to the htoperty,the leusehold and the fee title shAU not merge unless I.ender a�rees ��`;'�T-�--
<br /> ` . � to the merger in wrlting. �` -
<br /> . 7. Protection of I.ender's Rights in the Property. If Bonower fai�x to pe�form the covenunts und agreements • �•
<br /> � contatned in this Seccrlty Instrument, or there is a legnl proceeding thut mny signiftcnntly affect Lender's rlghis in the '�••;
<br /> „ Property(such as a proceeding in bnnkruptcy,probute,for condemnation or farfcitum ar to enforce laws or regulutions),then �`�`
<br /> . •_..__....._.....�.::._�__._ Lender may do nnd pny for whatever iti necessary m pmtect the vnlue of the i'�ropenv and Lenderl ri�hts in the Property. _ �,_ � --
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<br /> l.ender§actions muy iuclude payin�uny sums secumd by u lien which hus priority ovcr thiti Security lnstrument,nppeurin� �, ---'—"
<br /> • in caurt,puying reasonable uttorneys'fccs i+nd entering on the Pro}xrty ta makr repairs. Although Lender muy tukc uctton .. • '�
<br /> ' under this puragraph 7,L.endcr docs not huvc to do so. ,
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<br /> . Any umaunts ditibuned by Lender undcr this purugraph 7.huU becomc udditiona!debt of Bormwer xecured by thi� ,,r�,•.
<br /> � ° Securiry Instrumcnt. Uniexs Borrower und L,cndcr ugrcc h�other tcmis of payment,these umountx shaU txnr intcr�st from thc ;��`
<br /> j date of disbursement ut thc Notc rutc und shull lx puyubir, with intcrest,upon notirc Frrnn I.cnder to Bormwcr reyuesting � + `���
<br /> l . " puyment. „
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<br /> ; S. Mort�age Insurance. If l.cr�der rcc{uircd monguge insuruncc uti u cnnditiun of malcing the loan tiecured by thix �y��
<br /> , Security Instrument. Borrower xhull puy the premiums rrquired to muintain the mortgage imurunce in effect. If,for nny . '
<br /> . � renson, the mortguge in+urance covensgc rcyuired by Lrnder lupseti ��r rca,es to be in etfect. BoROwer .hull puy the „
<br /> �• � pmmiumti requimd a��htssin coverugc suMstuntiaUy eyuivulent to the mort�uFe insurnnre prcviouxly in effcct, ut a cost " _
<br /> � • • substantiully eyuivule.nt to the cost to Borrower of the mortFuge in,urancr previouxly in rffcct,from nn ulternate mortguge • •
<br /> insurer approved by Lender. If.ubxtuntiully eyuivulcnt mortguge insuruncc rovcruge i.not uvuilubic, Bonnwer shall pay to " ° .
<br /> . Lendcr euch month u sum cyuul to one-twrlfth af thc yearly monguge insurunce premium beinE puid by Barrower when the ' � �"
<br /> insurance coverage lupxed or ceu.ed to lx�in effcct. Lender will accrpt,uxc und retuin these puyment�u�a loss re�;erve in lieu ' �
<br /> of mortgn�e incurnnce. Losx rcscrvc puymcnts rnuy no longer tx requircd, ut the option of'l.endcr, if mort�agc insurunce '
<br /> caverage(in the amount und fc�r the Fxricxi thut l.ender reyuirex)providcd by un in.urcr approved by Lender again becomes
<br /> uvaituble und is abtuined.Borcower xhull puy the premiums requircd to muintuin mortguge inzurance in cffret,ar to provide U
<br /> loss reserve,untii the requirement for nwrtg•rgr inxurancc end.in uccordunce with uny written agreenunt[�etween Borrawer
<br /> und[.ender or upplicuble luw. I
<br /> 9. lnspectton. Lcnder or its uEcnt muy muke rcaaonahlr entrics u{xm and inti�xctiva�uf the Yroperty. Lendrr shuil
<br />_; give Burrower notice ut the time of e�r prior to un intipectiun,}xci(ying rcaxonahle ri�u�r ti�r thr intijxction. �
<br /> � lU. Cot�demnntinn. 't'he prcxceds of any aw�rd or cluim tirr dumuge,.dimrt or cumcyucnti•rl, in ronnection with uny �
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<br /> _ limrt Inken Nudn�aa Funne.�nr� '
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