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<br /> � perlods that l.ender requic�es. The insuran�e carrier providing tho insurance�hafl be cho.sen by Borrower subject to Lcnder�s
<br /> upprovul which ehall not be unreasonnbly wlthheId. If Honower fails to rnainu►in coveroge deacdbed above.I.ender may,at
<br /> — , l.enderg opdon.abtain coverage W protecc Ixnderh rlghta in the Prnperty In acmrdenca wlth paragruph 7.
<br /> All ineur�nce policics and renawale shnll be ucceptabla to Lender and ehall includa u standnrd mortgage clause. Lender
<br /> _� __ ahall hsve the tight w hotd the policies und anawule. If Lcnder tcquirea.Borrower shafl promptly give co I.ender a11 r�ecalpts
<br /> -- __— of paid premtums and rcaownl natices. In the event of loss,Borrower shai!give prompt nodce to tD�e inRUrance carrter end ` -
<br /> ��- -- -� —� � I.ender. Lender may make prooY of loss if not made pmmpdy by Horrower. `-
<br /> Unicas L,ender nnd Borrower othenvlse sgree(n writing,insurance praceeds shell be applieJ to reatoradon or repair of _
<br /> - 3 the Property damaged. if the restoratlon or i+epaIr ls economically feasible and Lenderk secuc�ty is not lessened. If tha
<br /> s reatoratian ar repair is not economically feasible or Lender's securiry woutd be lessened. the Insuranco praceeds shali be
<br /> � j applled to the suma eewred by this Security Inxttument.whethar ar not then due,with any oxcess paid to Borrnwer. If
<br /> Borrower abandons the Property.or does not answer wlthin 30 days a notice from Lender that the Insurartce carrler has
<br /> offered w senle a claIm,then Le�der may collect the insurence proceeds. Lender may use the proceeds to repair or restore
<br /> 1•�.,:: the Property or to pay sums secured by this 3ecurIty Insuument,whether or not then due. The 30-day perlod w•ili begin when ` -
<br /> � I tho notice ls Siven. _
<br /> • , , � Unless I.ender and Boaower othervvise agree in wrldn�.any applicetion uf proceeds to pdncipal shull not extend or
<br /> r�.�, , postpone the dur date of the monthly payments refemed to in paragraphs 1 and 2 or change the amount of the payments. If
<br />� � +�..,;: Y� . .K� ._ under paragraph 21 the Pr+operty is acqulr+ed by L.ender, Borrower`s dght to any insurance policles and proceeds resuldnq
<br /> from damage to the Property pdor to the acquisItion shall pass to L.ender to ttie extent of the sums secured by this Securiry
<br /> " ' � �;�, _ Instrument immediately prior to the acquisition. - -
<br /> - . �n.���:L�;::,,- _ 6. Occupancy, Preservation, Matnteaance and ProtecNon nf tfie Property; Borrower'R G►an Appltcation; `____
<br /> _ ._ I.easeholds. Borrower ahall occupy,establIsh.and use the Propeity as Borrower�s pdnclpal nsidence within sixty days after
<br /> � ' � .' �"'�' ' the execution of this 5ecurity Insuument and shall continue to occupy the Property as Borrowerk principal residence for at �.-=-
<br /> . . ,... '
<br /> " least one yeur after the date of occupancy, unless Lender otherwise agrees in wdting, which consent shall not be -�'�'
<br /> . ' unreasonably withheld.or unless extenuating clrcumstances exist which are beyond Borrower�s control. Borrower shell not �'�`�
<br /> ' ''"�f" � destroy,dama�e or lmpair the Property,allow the Property to deteriorate.or commit wa�te on the Property. Bonower shall h�--
<br /> •� ,' be in default if any forfeltun action or proceeding,whether civil or cdminal.ia begun thnt !n Lender�s good faith Judgment ��i:,
<br /> . ' �' .. cauld result in forfeiture of the Property or otherwise materially impair the(Ien created by this Secudry Instrument or =K
<br /> Lenderh securi interest. Borrower ma cure such a default and reinstate,as rovided in ara ra h 18,b causin the action ��'
<br /> �3' Y P P B P Y � ; w,:_
<br /> ' or proceedins to be dismissed with a ruling that,in Lender+s�ood faith determination.precludes forfetture of the Borrower's �.;��c
<br /> " " interest in the Property or ather material impairment of the lien cmated by this Security Instrument or Lender's securIry � p f•:
<br /> ° " ° interest. 9orrower shall also be in dafault if Borrower,during the loan application process, gave matedally false or g„��
<br /> • inaccurate information or stAtements to Lender(or falled to provide Lender with sny materis!informatton)In connection wIth ...
<br /> : , - �°" tlie toan evJdenced by the Tvote. inctuding. but not limited to, rcpresentaiions cooceming Bacrowera accupancy of she = � .:.-'
<br /> Property as u principsl resldence. If thIs Security Instrument is on a loasehold.Borrower ahali comply with all the provisions
<br /> •� of the lease. If Borrower acquires fce title to the Property.the leasehald and the fee title shall not merge unless Lender agrees �•
<br /> . , to the merger in wrlting. '�
<br /> • 7. Pratectton of I.ender•s Rights in the Property. If Horrower fails to perform the covenants and agreements � -�� �;
<br /> contained !n this Secudty Instrument, or there is a legal proceeding that may sisnificnntiy affect Lender's rights in the �
<br /> .
<br /> ;;: _--�_--,�.>----..,_-, Pm�rty(snoh nc e rmceeding in hankruptcy,pmhate,for condemnation or fodeiture or to enforce laws or re�ulations),then _ :.,,.,_
<br /> �� Lender mny do und pay for whatever Is necessary to protect the value of the Property end Lender's rtghtc in the Property.
<br /> Lender's•actions may include paying uny sums secured by a lien which ha.s priorlty over this Secudty Instrument, appearing � ^
<br /> in court,paying c+easonuble attomeys'fees and entering on the Property to make repalrs.Although Lender may takc action
<br />` •� i under this paragruph 7,Lender dces not have to do so.
<br /> • Any amounts disbursed by Lender under this purugrnph 7 shal�becomc additionul debt of Borrower secured by this " ,
<br /> �; , Security lnstrument. Unless Borrower and Lender ugree to other terms of payrnent,these amounts shall bear interest from the
<br /> � date of disburscment ut the Note rute and shnll bc pnynble,with intcrest,apon notice from Lender to Borrower mquesting
<br /> a � puyment.
<br /> 8. Mort�sge Insurance. If Lender required mort�age insurance u�a condition of mnktng the losu�secured by this
<br /> • " ; Security Instrument, Borrower shall pay the premiums required to maintain the mongage insurance in effect. If,for any
<br /> . . . rwncon, the mnngage insurance coverage required by Lender lapses or ceases to be in effect. Borrower shall pay the
<br /> �' premiums requircd to obtain covera�e substnntially equivalent to the mort�age insurance previously in effect. at a cost "
<br /> • , substantinlly equivalent ta the cost to Borrower of the mon�age insurance pmviausly in effect, from un altemute mortgage •
<br /> insurer approved by Lender. lf substantially eyuivalent mortgage iresurunce coverage is not nvailnble,Borrower shull pay to
<br /> • Lendcr each month n sum equnl to one-twclfth of the ycurly mortga�e insurunce premium being paid by Borrower when the
<br /> insurance coverage 1+►psed or cea�ed to be in effect. Lender will nrrept,use und retain these p•ryments as u loss�eserve in lieu
<br /> • , • of mortgnge insurance. Loss rescrve puyments may no longer be requimd, at thr option of Lender,if mortgage insurance
<br /> covernge tin the umount nnd for the period thut Lender requires)provided hy an insurer approved by Lender u�ain becomes
<br /> uvuiluble und iti obtained.Borcower shnil pay the prcmiums requimd to muintAin mortgage insurance in effect,or to provide A
<br /> lass reserve,until the reyuirement fur mortguge inxurance ends in accord�ncr with uny written agreement between Borcower
<br /> ., and Lender or upplicnble luw.
<br /> � 9. Inspectton. Lender or its ngent muy muke reationuble entries upon and inspections of the Property. Lender shall
<br />-� ti give Bonower notice at the time of or prior to an inspection specifying reu:�onable cautie Tor the inspection. '
<br /> • � � 10. Condemnation. 'I7u proceeds cF uny uwurd or rlaim for dumugcs, dirc�t or conscyucntinl,in conncction with any
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