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<br /> -- perlodra that Lender reyuhes. The L�surance curder providing tlio insuranw shnll be chosemby l�orvower�n Ject o der�
<br /> � approval which Fhall not bo unnasonably wIthheld. If Borrower€eils to maintal�coverago dciscdbed e�bove,Lender may,at
<br /> Le�dar�option.obtain ooveragv ta pmtect Lendnr�s dghta in the Praperty in accor�ance with paragraph 7.
<br /> All irtaur�nce policlas and renewde ah�ll be acoeptetblo to Lender and ahall include a atandard mortgage alause. Lender
<br /> j shall havo tho d�t to�told ihe poltctes and�enewals. Yf'LenQet requfreA.Boaowcr ehall pmmptly glve to Lender all rccelpts
<br /> -- -- - � of pald prerntums end renewal notice+. in the event�f lovx, Bixrower shdl give prompt nodce to the Insut�ace cArr{er attd
<br /> _ � _ ------ --a-, l.ender. i..ender may make proc+f of loss if not mado prompdy by 8or�wer. ,_. _.
<br /> Ualess Lendor ancl Borrowa atherwise egree in wdttng.insurance proceeds shnll be applled to restoraUan or cepsdr of
<br /> the Property damaged.{f the restnsation or repatr Ie econornically fensible and Lenderl�Fecudry ia not teasened. If the
<br /> testuradon or npair is not�nomtcully fwsible or I.endar�sc.curity would be lossened,the in�uranoe praa,�ds ehall be
<br /> =� appUed�to the suma secured by this Securlty Instrument,whsther or not then due,wIth any exceas pa}d to H�mawar. If
<br /> v'� Borrower ubandons the Pcoperty,or does not answer within 30 duys a notico from I.ender thnt the insurance carrier has
<br /> •- offered to lsettle a claim,then L.ender may collect the insuranco proceeds. Lender may uue the proceeda to repair or reatore
<br /> �'�� tha Prapetty ar to pay aums�ured by this Security Instrument,whether or not then duc. 'It►e 30�day pedod wiU begtn when
<br /> — the notice is given.
<br /> — Unless L,ender and Horrower otherwise agree in wtiting,any applicatton of pmceeds to prfncipal shali not extend or
<br /> �� � postpone the dus date of the monthly payments refeaed to 1n puragraphs 1 and�or change the amount of the payments. If
<br /> under paragraph 21 the Property is scquired by Lender.8orrowerb dght to any Insuranca poUcies and proceeds resuldng
<br />� from damaga to the Pr+apeity prlor to the acquisition shall pass to Lendet ro the extent of the sums aecured by thie Secwlty
<br /> Inetrument immediately prIor to the acquisidon.
<br /> 6. Occupancy. Preservatton, Matntenance and Protection at the Property; Borrower's Loan Applicatlon;
<br /> Leasehotda. Borrowet ahail occupy,establish.and use ihe Property as Homnwer's prirtcipa!residence within slxty days after -- -
<br /> = the execution of thIs SecurIty Insuument and shal!continae to occupy tha Property as BorroW+er�prutcipal residence for at _
<br /> ,� � le�tst one year after tbe date of accupancy. unless Lender otherwise s�rees in wrlttng, which consent ahall not be
<br /> ������ �. unreasonably withheld,or unless extenuating circumstances exist which are beYond Bomower's control. Borrower shall not
<br /> destroy.damage or impair tlie Property.allow the Property to deterlorate,or commit waste on the Propeity. Borrower ehall
<br /> .� •�t j;�`��.;, ��-, be in default if any forfeiture acdon or praceeding.whether civil or criminal.Is begun that in I.enderis good feith judgment
<br /> a .� ��.f,,s t;.. wuld result in forfeiture of the Piropecty or otherwise matedally impair the Iten created by this Secudty Instrument or
<br /> �'� , �' L,ender's secudty interest Borrower may cure such a default and reinstate,as provided in paragraph IS.by causing the acdon
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<br /> -�: •:v`�- � `�'���':":� or proceeding to be dismissed with a ruling that,in I.endcr�s good fulth determination,precludes forfeiture of the gomower's
<br /> .r interest in the Property or other matedal impainnent of ttie lien created by this Secudty Insuument or Lender's sectuity
<br /> '.''� �� • . interest. Borrower shall also be tn default if Borrower,dudn� the toen application procesa, gave materially false or
<br /> �` ' •� inaccurate informadon or statements to Lender(or failed to provide Lender with any materlal informadon)in connecdon with
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<br /> o the loan evtdenced by the Note, including, but not limited to, representations conceming Borrower's occu ancy of the
<br /> -- � Property ag a prinetpa!residence. if this Security Instcument is on a leasehold.Borrower�hall compIy witli ai1 c�iOVi5I0flb `
<br /> • of the leasa. If Borrower acquires fee title to the Property,the leasehold and the fee title ahall not mcrge unless Lender asneea
<br /> to the merger{n writtng.
<br /> 7. Protection of Lender's Ri�hts in the Property. If Sorrower futls to perform the covenants and agreements
<br /> contained in this Secudty lnstrument, or there is a legal praceeding that may signlficantly affect Lender's rights in the _-
<br /> ` '" • Property(such us a pr�oceed[ng!n bankruptcy.probate,for condemnation a farFciture or ta enfone laws or regulations).then �
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<br /> , _.._�. . i.ende.r may do and pay for whatever ix necessary to protect the value of the Property ttnd Lenderk riphts in the Property. -- �-
<br /> Lender�s actions may inciude payin�uny sums secured by a lien which has prioricy over this Secur�ty Instrument,appearing ��';
<br /> � in court,payIn�reusonnble a4tameys'fees and entering on the Property to make repairs. Although Lender mey take action � '".
<br /> ��• under this purasmph 7,Lender does not huvc to do so.
<br /> � Any amounts disbur.tied by Lendcr under this puragraph 7 shnll become uddittonal debt of Borrower secured by this
<br /> • �� . Securfty Instrument. Unlcss Bortower:u�d Lender agree to other terms of puyment,these nmounu shull bear interest from the
<br /> • date of disbunement at the Note r�te and shutl bc puyublc, with interest,upon notice from I.ender to Borrower reyuesting
<br /> payment.
<br /> 8. Mortgage Insurenee. If l.ender reyuired mortgage insurance us u candition of makin� the loun secured by this .
<br /> ' , �� Security Instrumeut, Borrowcr shpll pay the premiums reyuired to cnaintuin the mortgu�c insurnnce in effect. If,for nny
<br /> i reason, the mortgage insurance coveru�e reyuired by Lender lapxe� ar cca�eti to be in effect. Borrower shull pay the
<br /> . .. .. premiums reyuired to obtain cavernge �uhetimtis�lly cquivalent to the mnrtgn�e in�:u�xncc pmviously in effect, at a cost .
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<br /> , �; substuntially equivnlent to the cost to Bormwer of lhe mort�uge insurnnce pmviously in effect,from un ulternate mortgage
<br /> � insurer approved by L.ender. If substuntially eyuivalent mortguge insurAnce coveruge is nat uvailable.Borrower shttll puy to
<br /> • Lender each month u sum equal to one-twelfth of the yearly mort�uge in,urunce pmmium being puid by Borrower when the
<br /> , ' insurance coveruge lupsed or ceased to be in rffect. Lender will accept,u+e und retuin thetie payments as n loss reserve in lieu
<br /> ' of mortguge insurance. Loss reserve payments muy no lon�er be requimd, ut the option of Lendcr, if mort�uge insurance
<br /> " coverage (in the wnount und for thc p�:riod thnt Lendcr myuires►provided by an imurcr upproved by Lender agnin becomes
<br /> availuble und is obtained.Borrowcr shall pay thc prcmiums requircd ta maintuin mongagc inwronce in effect,or to provide A
<br /> ' ,�' loss reserve,until the rcqulrement for mortguge insurunce ends in accordance with uny written ugr�:ement between$orrawer
<br /> � • �. nnd Lender or applicnble l aw.
<br /> . , • 9. Inspection. L.ender or itti ugent may mukc reusonubk cntries upon und inspectiuns of the Property. Lendcr shuU
<br /> ' give Borrower notice at the time uf ar prior to un insprrtion specifyin�reusonu6le cauu for thc inspection.
<br /> ; � , 10. Condemnatton. The proceedx of uny uwnrd or cluim for ds�muges,direct or ranxcyuential,in connection with any
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