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<br /> �`� perIods ths�t Lender requirea. 7Yio insumnce ccur9er pruvtding the insuronce shall bo choscn 6y Bonnwer Rub�ect to L.ender�
<br /> , approval which sholl nat be un�eusonnbly withheld. If Bormwer faila t�n mulntnin coverage described nbave,l.ender may.at
<br /> I.endeck optlo�,obtaIn caveragr ta protect L.enderl�righta in tho Propetty in accordance wIth paragruph 7.
<br /> All insuranca polic[es and nenewala shall ba aCCCptablo to l.cndcr and shall include a standerd mortgugo clause. La►dot
<br /> — a ehall have the dght to hold tha ppUcies and rortewuls. If f.ender tes{ulces.Bonower ahall pmmptly glve W L.cnder all cecoipts
<br /> - --- -_--.--�-- -� --- of paid p�miuma end rene�el noticea. In the event�f loxs,Rmm�wer eD�all give prampt notico to the inaurance cerr[er and
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<br /> �__� ____� l.�nder. Lender mny mako ptoof of loss if not mnde promptty by 8onower.
<br /> Uniess Lender and Botrower othenvlso agree itt writing,lnsumrtca ptocceds ehall bo appiled to r�storndon or npatr oY '^ - "'
<br /> .� tho Property damaged. lf the reRtoration or repair is economically feasible and Lenderk secur[ty ie not leasened. If t�e
<br /> �� ` restoradon or repair is not economic,�tUy feasible or l.ender�s secutlty would be lessened,the Insurance pmceeds shall be
<br /> applied to tho sums secuKd by this Secur�ty Insuument,whether or not then due, with any eacess pnid to Borrower. If
<br /> r Hornower Abandons the Property.or does aot anRwer withln 30 days a nntice from Lender that the insurance cairIer has
<br /> �'� offered to settle a claim.then Lender may collect the insurence pmceeds. I.ender may use the pmceeds to repair or c�eator+e
<br /> '�' the Property or to pay sums secured by this Security lnstrument.whether or not then due. 11�c 30-day period wfll begln when __
<br /> -�yl'• the nodce ia given.
<br /> °�', � Unless Lender and Borrower othenvise agree in writing,eny applicatton of proceeda to prIncipal ahall not extend or
<br /> �,, postpone the due datc of the monthly payments referned to in paragraphs t and 2 or chan$e the amount of the paymenta. If
<br /> 1 under paragraph 21 the Ptoperty ia acquired by Lender.Borrower� dsht to any inaurancs policies and proceeds resulttng
<br /> , from damage to the Y�e+operty pdor to the acquisIdon shall pass to I.ender ro the extent of the sums secured by thls Secudty
<br /> instrument immedlately prior to the ac�uisition.
<br /> 6. Occupancy� Preservatton, Maintenance and Proteetion ot the Property; Borrower's I.oan Appltcation;
<br /> �.i�';;;',,.��;:�y:,��. I.easeholda Borrower sha8 accupy,eswblish.and vse the Property as Borrower's princIpa!cesidence wlthin sixty ilays efter � - -
<br /> ._ „r,_=-p=- .,�;,.,,= the exerution of thi�CPCnrtry 1nem�mpnt end shait c�ntinue to occupy the Pmpert�as Borrower`s principal residence for at _
<br /> ��ap;�,��: �,�•.•Y� • least one year after the date of occupancy. un(ess L,ender otherwise agrees N wr(t(n�, which consent shall not be —
<br /> � �� : � unreasonably withheld.or unless extenuating circumsttmces exist which are beyond Borrower�s control. Bomower shall not --
<br /> `,�;,''. ; -.;::.�.. destroy,damage or impair the Property,allow the Property to deterlorate.or cammit waste on the Property. Borrower shall
<br /> �``����" be ln default if any forfeiture actIon or proceedin�,whether clvil or criminal,is begun that in Lenderb good falth judgment
<br /> ' � could result in forfeiture of the Property a othenvtsc materlally jmpuir the lien created by this Securlty Instrument or = —
<br /> " ' a . L.ender�securIty interest. Botrower may cure such u defuult und reinstate,as provided In paragraph 18,by causing the action
<br /> , • , or proceeding to be dismissed wIth a ruling thnt,in Lender's gaod faith determinatton,precludes forfeiture of the Borrower�s �`=�
<br /> .' ' interest 1n the Propeirty or other materisl impairment of the lien created by this Secudty Instrument or I.ender�s secudty ��'�_�:_
<br /> interest. Borrower shall also be in default if Borrower, dudng the Icwn application process. gave mnterially false or ---
<br /> ' , ^ � lnaccurate information or statements to Lender(or fuiled to provtde Lender with any matedal lnformation)in connection with ;.,��.ti.=�-
<br /> the lonn evidenced by the Note, ineluding,but not limited to, representat[ons concemin� Borrower�s occupaney of the
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<br /> . ' •• Property as a principal residence. If this Security tastrument is on a iewehuid.8urtuwCr n1iuS1 cu�upiy witii uii i�l�pruYinlbiia
<br /> of the lease. If Borrower acquires fee tide to the Pro�erty,the leasehold and the fee title shall not merge unless Lender agrees _-
<br /> � , to the merger in wrlting. c '" °�-
<br /> . 9. Protection ot Lender's Rights in the Property. lf Horrower fails to perform thc covenents and agreements ..•.�;
<br /> contained in this Security Instrument.or there is u IegAt proceeding that may significnntly uffect Lender� rights in the .
<br /> „ ° Property(such as a proceedln�in bankruptcy,probate,for condemnation or fodeiture or to enforce luws or regulations),then
<br /> _._____...._-_- - =:- I Le::�es stta�do and pay fnr whgtnvPr ia Rnrnccprv tn rmtr�t th�vnl�t�t�f fhr PrnrPrtv tlnd i.ender?e rluhts in the Property. --_--_- _- -_
<br /> Lender�s actions may include paying uny sums secured by a tien which has priority over this Securiry Instrument,appearing
<br /> _ .: , ln court,puying reasonable uttomeys'fees und entering on the Property ro mnke repuirs.Although l.ender mtty take action ' ,,��_
<br /> . under this parAgraph 7.Lender dues not huve to do so. -
<br /> Any amount�disbuned by Lender under this purugruph 7 xhutl become udditionul debt of Borrower secured by this .
<br /> `� ., ; Security Instrument. Untess 8orrower and Lender ngrcc to other tcrtns of puyment,thc,c umountti shull benr intercst from the • "
<br /> �' I date of disbursement at the Note rate and shall bc puyuble,with intemst,upon noticc from Lendcr to Borrower reyuesting '
<br /> ' • I Payment. �
<br /> , 8. Mort�age Insuranee. If Lender rcyuired mortguge insurunce uc a condition of muking the toan secured by this ,
<br /> • Security Instrument, Borrower shuli puy tiie pmmiums myuircd to muintain the mort�u�e insurunce in effect. If. for any •
<br /> � • reason, the mortgage insumncc coveruge rcquined by Lendcr lapscr or ccascti to be in effect, Borrower shul! puy the .,
<br /> , premiums tequired to obtain coverage substantiully equivctir�n k�the n�ortgage in.unmr� pmviouxly in effect, ut a cost
<br /> ' �• substuntially equivulent to the cost to Borrowcr of thr mortguge insurunce previously in effect,from an ulternate mottga�e ' �
<br /> . , insurer upproved by Lender. If substantiully eyuivulcnt mortga�ge imurance cover�ge iz not uvuiluble,Borrower shail pay to
<br /> ; Lender euch month u sum cqunl to one-twclfth of thc ycudy mort�agr insurunce prcmium bcing pnid by Bormwer when the �
<br /> � • ; insurnnce coveruge lupxed or ceased ta be in effect. Lender will uccept,use und rctuin thrse puyments ati a loss reserve in lieu � ' ,,
<br /> ' of monguge insurance. Loss rescrve payments may no longrr tx rcyuired,ut ihe��ption��f Lendcr, if mortguge insurnnce •
<br /> ., covernge(in the auttount und for the pe:ricxl ihat Lender myuire+)pmvided by cm in�umr uppruvcd by Lender�gain becomes
<br /> , " uvailable nnd is obtained.Borrower shull puy the pmmiums rcyuircd to mi�intain mon�uge intiura��ce in effect,or to provide a
<br /> � loss reserve,until the requirement for mortgagr in,uruncc end�in arcurdunce with any written ugrrcrnent betwecn Borrowet
<br /> und Lendcr or applicuble law. �
<br /> � ' . 9. Inspectton. Lender or its ugent muy nmkc rcusonablc ent�ics upon und in+pcctiom of the Proprity. Lendcr shup
<br /> , give Borrower notice ut the time of or prio�to un imprction specifying nuwnable cuu�r fix thc in.pertion.
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<br /> r 10. Condemnation. The pnxccds of any uward or cluim fur dumagc.,dircrt ur runuyucnti�l,in canncction with any
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