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<br /> _ � ''�'�`��"'�"��''"�""�' perioda thnt I,ender requireA. The Insurnnco cnrr[er providing the inRUruncc c+huil be chosen by Barrowor xubJect to Lendorls —_° °`�.```� �---
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<br /> u roval which shal!not be unreaFOnabl withheld. If Boaawer failx to maintain covem e deacrlbed atx�ve,Lendcr ma,at A
<br /> w �•H:•._:.cw. • � • ,,.,,__
<br /> �.. Lenderk opNon.obtai�coverage to pmtect I.ender R rightw in ihe PrapeRy in uccardunce with purugmph 7. �.���
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<br /> � ,y�';,�, .:,,,• Ali inxurance policiea nnd renewals ahWl be acceptable ro Lender and eholl Includo u atandard mortguge clau�e. L.ender y���;:t:..�..__
<br /> ahall huve the right ta hold the pnitcles und renawctls. if Lender requimx,Burrawer Hhull promptly give to Lender ull receiptx ��,• �'=y;��;—__
<br /> (, . � .,,�.Li]4iA'_.--
<br /> , �.��,���� I of puid ptemiums and renewal natices. In tho event of lass.Hocrower shull give prompt nottre M the inxurance curtler and ;. �y�-�
<br /> s ,� �„ , Lender. l.ender may make ptoof of loss if not made promptly by Borrower. � �`` ` +;,�-- .�.,.�
<br /> - Unless Lender and�orrower otherwi�e agree in writing,inhuruncC proc:ecdh r,huli bc upptied to rextorntlan ur repnir af -- -
<br /> � ' 1���� � :�'.' '.�� � the Properry damoged,if the restoration or rcpalr Is ecanomicully feax{ble and L,ender4 security iR not lessened. lf d�e �;•`.'•�c-;??';a�'s"--
<br /> rr.m-ra��a_.... .
<br /> �� Y I restomt on ar repair is not economically fea.gible or Lenderh security wauld be Icssened,the insurancc procecds st�all be � <.��' •,�;;,.,;,�.
<br /> �. ,. ` i
<br /> ' - upplied to the sums secured by this Security lnstrument, whether or nnt then due, with nny excess paid to Borrower. If �. ' �•
<br /> �' Borrawer nbandons the Praperty, or dces nat answer within 30 dnya a notice from l.ender thut the ln�urunce carrIer has •• :. ' , —
<br /> • • . � , affered ta sottle a claim,then Lender may coUect the insurunce proceeds. Lender muy use the proceedg to repn�r ar restom ;;;-:�
<br /> • � � . the Property or to pay sums secured by this Secur�ty Instrument,whether ar not then duc. Tho 3Q-day period wilt begin when � __,
<br /> ` � ' . the natice is given. _ �
<br /> , Unless Lender and Borro�ver otherwise agree!n writing,uny applicatton af proceeds to principal shall not extend or .
<br /> f ; postpone the due date of the monthly payments r+efemed to in parngraphs 1 und 2 or changc thc amount of the payments. If �
<br /> , under pura�rrnph 21 the Propeny is acqu�red by Lender,Borrower!c d�ht to tuty insurance policies nnd proceeds resultin� � ��
<br /> � �• from damage to the Property prior ro the acquisition shull pnss ta Lender to the extent af the sums secured by thls Secu�lty - ,�.�
<br /> � lnstrument immediately priar to the acquisitton. ' `'"�'
<br /> ' � •• , 6. Occupancy, Preservation, Matntenance end P�otection of the Propertyj Borrower's I.oan AppllcaHon; , .. _"`_ �Y`
<br /> ' � ! I.easeholds. Horrower shall occupy,establish,and use the Property as Borrower!s principal rcsidencc withtn cixty days after . _ :.4:,��;-:—
<br /> � � �"--""`�--. I IIIC C.ICGLLIIUiI UC IIIID SC1:411�y �USGU11tCi1�i11RI AIIpIS WIII�i�Ui'.t0(3C�I�J3y tI1C PTO�Ry�T:BOtIOWec.�',pti'ieiClp�l TCSidence for at " "-_`
<br /> ; �� ,. � least one yeur ufter the date of occuponcy, unless Lender otherwise a�reec in writing, which consent shall not be ' •
<br /> �' ' •• � unreasonably withhetd,ar unless extenuating circumstunces exlst whlch are beyond Horrower�control. Borrower shnll not . ,
<br /> � destroy,damnge or impsir the Property,allow the Property to detcriarate,or commit wnste on the Property. Barrower shull '� �'' '
<br /> . ,_ be in default if any forfeiture action or proceeding,whether civll or cr�minal,is begun thnt in Lender��ood faith judgment `•' '�'�,
<br /> „ could result in forfeiture of the Roperty or atherwise muteriully impuir the lien creuted by this Security Instcument or • ,.
<br /> ' � � LenderF securtty interest. Horrower may cure such u defuult and reinstute,ns provided in pnragraph l8,by causing the actian � ��`�L
<br /> or proceeding to be dismissed with a ruling thut,in Lender�gaad fuith determinutian,precludes forfeiture of the Borrower's• •, ,��,r.�:
<br /> interest in the Property or other rnateria! impnirment of the lien created by thls Security Instrument or Lender�securiry � �T
<br /> interest. Borrower shall also be in default if Horrowcr, during thc loun upplicutlon praccss, guve matedally falsc or ���%�"` — •
<br /> �� inaccurate lnformution or statements to Lender(or failed to provtde I.ender with uny muterial information)in connection with �< .
<br /> • the lonn evidenced by the Note, includiag, but nat limited to. repmtientations concerning Burrawer� occupancy of the �' , ��
<br /> -- -- ------- Property as s grincips!residen�e. If this Security Instrument i�on u len�ehoid.Bvrcowcr�hnll c�mply with nll thP�,n,vlvin�c -__ � '.� -.
<br /> •• of the leuse. If Borrower acquims fee title to the Property,the lcuxehold und thc fee title xhuil not mcr�c unless Lender ugmes � '`
<br /> to the mcrgcr in writing. ' . ;•
<br /> 7. Protection ot I.ender's Rlghts in the Property. If Borrower fui�ti to perform the cavenunts und ugreements `
<br /> cantained in this Security Instrument, or there is a Iegal proceeding thnt may significuntly nffect Lenderk ri�hts in the �'�
<br /> Property(such as n proceeding in bankruptcy.probate.for condemnution or forfeltum ar to enforee lAws or regulutions),then :� 4 '
<br /> Lendcr may do and pay for whutever is necessnry to protcct thr vuluc of the Propeny und Lender's rights in the Property. ls�';
<br /> Lender's actionti may include paying any sums secured by u lien which hux pdority over this 5ecurity Instrument,appearing � �
<br /> in court,paying reasonable uttorneys'fees and enter�n�on the Property to make repairs. Although Lender muy take action � •
<br /> „ under this parugraph 7,Lender does not have to do so. ��
<br /> Any amounts disbursed by Lender under thic parugraph 7 xhall become udditionnl debt of Borrower secured by this ' °
<br /> , - Security Instrument. Unless Borrower and Lender agree to�thcr terms of paymcnt,thesc umouats shnll beAr interest from the ' � ,A
<br /> ' datc of disbursemcnt at the Note rate and shnll be puyuble, with interest,upon notice from Lendcr to Borcower requesting ,; ��
<br /> payment. . �o:- �.
<br /> ` • 8. Mort�age Insurance. If Lender required monguge intiurunce uti u ce�ndition of mAking the loun secured by this '�� i'"
<br /> Securiry Instrument, Borrower shall pay the premiums rcyuired to muintuin thr mortguge inxur�►nce in effect. If,for any ` -
<br /> reason, the mortgage insurance covernge reyuired by Lender lup�es ar ceasr� to be in effect. Borrower shall puy the • �;�
<br /> . , prrmiums myuimd to obtuin coverage yubstuntiully cyuivulent tu the niuriguge in.urancc prc�•iousiy in effect, at a cast � „ '��-
<br /> subxtantially equivalent to the coxt to Bormwcr of the mortgage in�uruncc prcviously in cffcrt, from un ulternate mortguge � .�.'� �`.
<br /> insurer upprovcd by Lencier. If substuntinlly eyuivalent mortguge in.urancc covcruNr i�nut uvailublc.Borrower shull pay to :�
<br /> Lender each month u,um equal to one-twelf'ch of the yearly mortgugc in,uruncr prcmium being puid by Borrower when the • • --
<br /> insucunce coveru�e lupsed or ceuzed to he in effect. Lender wiU uccept,use and retuin thesc p•ryment�u+a loss rcserve in lieu `�:
<br /> of mortguge insurancr. Los� reserve payments may nv longer he requind, at thr opti�m of L.cnder, if mongage insuruncc I ,
<br /> '. coverage(in thr amount und for the period thut Lender reyuirex)provided by an in.urer appruved My Lrnder uguin becomes "
<br /> ' avuilnblc und is obtnincd. Borrower shnll pay the premiumx requircd to muintain mortgage in+uruncc in cffcct,or to provide u
<br /> . ' loss rc.erve,until the reyuinment for mnrtgage insurance end.in urcorduncc with any wriucn ugmrment hrtween Barrowcr �
<br /> nnd Lender or upplicuble luw. `
<br /> 9. Inspectlon. Lend�:r or its agent m.►y mukc rcasonablr rntric. u�xm i�nJ im}xrtiun.of thr Propcny. Lcndcr�hnll o
<br /> give Borcowcr notire ut the time nf or prior to un intip�ction,perifying rru+unublr ruu.c Ii�r thc in•pccti��n. ' '
<br /> , 10. Condemnatiun. Thc prcxredx of uny uward or clxim tiir damuge+,direct or cim,eyurntial,in ronnertion with any � �.
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