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<br /> periods that�..ender requircw. 'Il�e insurnnce carcler provtding the inRUrnnce ehall be cnosen by Borrower subject to Lenderk
<br /> nppravui which ahull rtot be unmusanpbly withheld. If 8orrowcr fuila to muintain coverage desr,ribed above�Lender muy.st
<br /> ___ • L.enderk option,obtain covernge ta pratat Lendar`�dghts ln tho Property in accordnnco wltt�pAragrnph 7.
<br /> -_� ----• All lnsuranca policles and�newale ahull be ucceptable to l.eader and shall incfude a standard mortguge clause. Lender
<br /> - — xhull hava tho dght to hold the policles and rcnowals. IP Lendec nequlreR,Sarrower sholl prompdy give to l.ender all receiptn
<br /> . of puid premiama and renewul notices. In the event af loss,Borrower shuU�Ive prompt notice to the insurance cwrier and
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<br /> _ -- -- I.ender. Lender may make prouf uf loas if nat mnde p�+omptiy by Horrower.
<br /> — — Unless I.ender and Barrower othenvlxe agree in writing,insurance praceedx shatl be applied to restoration or repair of
<br /> . the Property damaged. if the restoration ar rcpair is ecanomically feusible and Lenderk secudty iR noi lesserted. If the
<br /> _.. restorutiort or repair is not economicalty feastble ar l.cnder'x security would be lessened,the insurance proceed.v shall be
<br /> � t applied tu the suma secumd by thia Security Instrument,whether or nat then due. with nny excess paid to Borrower. If
<br /> 8omawer ubandons the Praperry,or daca not ung��er within 30 duya n notice from i.ender that the insurance carrier hag
<br /> � offered ta settle u claim.then Lender may caltcct the insurAnce proceeds. Lender mAy use the prnceeds to repair ar restore
<br />_ +� the Property or to puy sums secured by this Security Instrumcnt,whether ar not then due. The 30-day pedod will begin when
<br /> �. ' � thc notice is given.
<br /> � � ; ";���' Unlesa l.ender and Borrower otherwlse agr�e in wdting,any upplication of proceeds to prtncipal shall not extend or
<br />�� 7, .`� �*y t postpone the due dute of the montht a mentx referred to in p g p yments. If
<br /> �a^�'����' Y �`��•` under paragraph 2t the Property is ucquired by Lender.Borrow rE right to�any insu nce polic e�uund praceeeds resuldng
<br /> .` .,,•,-;;: ;..: :�,:;°,- fram damage to the Property prior to the acquisition�hall ps�s to Lender to the extent of the sums secured by this 5ecur�ty
<br /> '�-��� '. ,: ,,x, � Instrument immediately prlor ro the acquisition.
<br /> � �� � , 6. Occupsincy, Preservatton, Maintennnce t�nd Protectlon of the Propertyt Borrotver's Loun Applicntfom
<br />_ _ _.�^. _ .
<br /> J ,; �— •. -=�- i.easehof�is. dorrawer shali occupy,establisb.und use the Properry as Borrowerk p�incipal residence within sixty daya aftcr
<br /> ' •� „ � the execution of this Securiry Instrument nnd�hall cantinue to occupy the Property ns Bonower�s princIpal r�estdence for at
<br /> le�xt one y+cur ufter the dnte of accupancy, anlexs Lcnder othcrwise agrees in writing, which consent shall not be --
<br /> , � , „ unreasonably withheld.or unless exteuuating circumstunces exist which ure beyond Borcower�s control. Borrawer shull not
<br /> ., destroy,damage or impuir the Property,allow thc Propeny to deterforatc.ar commit wuste an the Property. Borrower shall
<br /> be in default if uny forfeiture action or procer.dfn�,whether civil or cdminal,Is begun that in Lenderk�ood faith judgment
<br /> �� � coutd msu[t in forfciturc of the Property or atherwlse materiuliy lmpuir the lien crcated by this Secudty Inatrument or
<br /> . Lendert securlty interest. Borrower may curc such a defnult and�einstate.:�s provided in paragrnph 18,by caustn�the actton
<br /> or proceeding to be dttimissed wIth A rulin�thut,in I.ender�good fnith determinution,precludes forfeirure of the Borrower� ��=--
<br /> ., interest fn the Property or other materiai impuirtnent of the lien creuted by this Secudty lnstrument or Lender's security
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<br /> ' _ _ intcrest. Borrower shall ulso be in dcfault if Bormwer, during thc loxn applicution process, Fuve materiellv false or r'�••�y=
<br /> ' innccurnte informatiun ot statements to Lender tar fuiled to provide Lender with nny materlal information)in connection with �*.';_;--
<br /> � the loan $videncec! �y !hc Note, including, but not limitcd to, representatioti, wucrnting Ba-n�wer's accupancy of the
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<br /> , Property as n pdncipal tesidence. If thiti Securiry Instrumcnt iti on u leu.+ehuld,Borrower shall comply wlth all the provisianx y;, �,
<br /> of the leuse. (f Borrower ucyutres fee tltle to thc Property,the irnxehold und thc fee tiNe shull not merge unless Lender agrees ���r
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<br /> . . to the mer�er in w�itin�. � ';;�':� ;�_
<br /> • 7. PratecNon of I.enders Rights in the Property. [f Barrower fails to perform the covenants und u�rcements . A;�-
<br /> , contained in this Security Instrument, or there iti a legi�i praecding thut muy significuntly uffect Lender?� rightti in the
<br /> F'roperty(such us u proceeding in bunkruptcy,probute,for cundemnutian or Porfeiture or to enforce luws or regulation4),then •
<br /> .. Lender may do und puy for whutever is nccessaq• to pr<ncct the vuluc of the Property und Lenderi rights in thc Property.
<br /> Lenderc uctions muy include paying uny sumx.ecurcd by a lien which hus prioriry rner this Security Instrument.appeuring '"� �
<br /> in court,pAying reasonable uttomcyti'fce�und entering on tlx Proprrty to muke mpuin. Although Lender may tuke uction • •. •
<br />- under thic parn�raph 7,Lendcr does not hnve to do so.
<br /> Any umounts ditibur+ed by Lender under ihiti puru�raph 7 ,huU Ixcorne udditionul deht of Bonower tiecured by this �
<br />�,; Security Instrument. Unlexx Borrnwcr and l.cndcr ugme to other temi�nf puyment,thc�c umounts shall heur interest from thc
<br /> ,f ' dute of disbunement at the Note rute und�hull M: puyublc, with intcrest, u{x�n noticr from Lrndcr to Horrower reyuesting
<br /> puyment. .' ;;';;
<br /> 1 •• �. Mortgage Insurance. If I.ender rcyuireJ nu�nguge intiurunre ati u condition uf m,►king thr loun secun:d by thi� r�
<br /> . Security ln+trument. BaROwcr�hall pay thc prcmimns rcyuired to ms�intuin thr mortgagr inwrnnrc in rffect. lf, for i�ny
<br /> reuson, thc mort€uge in.rura�nrc rovrrugc ccyuiRd by Lender lup+c+ or renu. to tx in eftect, Borrower xhuU puy thc
<br /> � premiumti rcquimd to obtuin covcrugc ,uNsturniitlly ryuiw►Icnt to thc mongagr imurunre prcvi��usly in cffcct, ut u cost
<br /> substantiully cyuivalcnt to th�rost to Borro�vcrof Ih� nt��rtga�c in.urancc prcviou�ly in rfl'ect,frcnn un ultcinutc mort�ugc �
<br /> imurer upprovcd by Lender. If.uhtitantially ryuivulent mortEagc in.urancc covrragc i,not uvuiluhlc.Burrower xhull pay to ..
<br /> Lendercurh month u tium cyual to one-txclfth of thc ycarly mort�agc imurancr prcmium Fxing puid hy BoROwer when thc
<br /> insuruncc covcr•rgc lapscd or ceu.cd to hc in eftcct. L�ndrr wi�l acccpt,u.c und retain thc�r paymcnt�a.u lo+x rescrvc in licu
<br /> of mc�rtgugr insuri�nrr. Luti.rc�crvc pu��mcnt.may nu lunLCr t+r rrquirrd,ut thc option ��f l.endrr. if mortgagc imur.mre
<br /> rnvcruge(in thr aiuount and tiir thr�xri�xt that L�:nJcr rryuirr.l pruvidcd hy an in.urrr.�rpravrd hy LrnJrr;igain lxerornc+
<br /> • uvailable und iti obtaincd.Borruacr.hal l pay thr prcmium+rcyuirrd to maintain nwrt�agc in,ur:uuc in cffcct.��r t��providr u
<br /> loss re+crve,until the nrquiremrnt fi�r mortg.�gr in.urancr cnd,in:acord;�nrc a•ith.uiy a•ritten ugrrrmrnt txtwren Horn►wrr
<br /> and Lcndcr or uppticublr luw.
<br /> , 9. Inspectien. Lendrr��r its a�rnt may iucikc rra�unuhlr cntrir�upun and in.�xrtiun.<�I'thc Nm�xny. Lrndrr�hull I
<br /> givc Borrowcr notirc ut thc timr��f or prior to an in�Exrtiun.Fxcit'ying r�a.cmahlr cau.c tiir the in+Ekrtiun. �
<br /> !0. Condemnation. Thr pnkrcd�ut'i�ny a��;ird��r rlaim fiir Jama�cti.dirert ur r�m.ryurntial.in connrrtion with uny I
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