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<br />� � pedods thnt Lertder requlrea, The insurunce sarrier provldiog the insurunce shaU be chose�y'Borrower subject to Lender's —
<br /> �'' approva!which shnll not be unmasonably withheld. If Borrower fails to maintsin coverage desarlbed ulwve.i.ender may,at
<br /> "'�° '� �' ' t`� l.enderh optian,obtain cove�uge ta protect Lender's dghts tn the Prnperty fi accordance wIth purngrnph 7.
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<br /> ''� �� " ' ''` Atl insurance poNcies and e�enewals shalt be acceptnble to Lender and shall include u standard martgage clau�se. Lxnder _�
<br /> � shall buve the right to hold the pol�cies and rencwais. [f Lender requires,Batrower shall pmmptiy give to Lender all rccelptx
<br /> " � t ° of paid premiums and rerteaal noticea. In the event of loss,Borrower ahnll give prompt nndce ta the Insurance carder and
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<br /> � � .� ��' Lender. I.ender may mnke proof of loss if not made promptly by Borrower. G _ _ __ ,
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<br /> . �- � ' Unless Lender nnd Bortower otherwise agn:e In wdting,insumnce proceeds shull bc applied to mstoratlon or repair of —
<br /> � � •� '� �` the Property damaged, if the restorntioa or repalr is economically feusIble und Lender!�secudry tR not lessened. If the _--..
<br /> _ '� }' � � mstoratton or rcpuir is not ecanomically feasible ar Lender4 securlty would be lessened,the insurunce procceds shatl he �-
<br />' .. , • applted to the sums secured by this Securtty Instrument, whether ar not then due, with any excess paid to Borrower. If �°s:�
<br /> • Borrower abanduns the Property,or does not unswer within 30 days a notIce from I.ender that the lnsurance carrier has '�+�
<br /> � offemd to settle a claim,then Lender may collect the insurunce proceeds. Lender muy u�e the praceeds to t�e�air or restore
<br /> the Propecry or to pny sums secured by this Security Instrument,whether or not then due. The 30-�ay pedod wtll begin when "-- _ :_ _
<br /> . the notIce is given. �:::;
<br /> . Unless Lendcr and Borrawcr otherwise agree in writing,any applicution of procceds ta principal shat! not extend or �;,�: -
<br /> • • postpone the due date of the monthly paymenu mferred to in p.uagraphs 1 and 2 or changc the umount of the pnyments. If °`'
<br /> 1% under paragraph 21 the Prnperty is acquired by Lender,Borrawer's right to nny lncurance policies and proceeds resulting �'=�
<br /> from dama e to the Pro rt rior to the ac uisition shall ass to Lender to the extent of the sums secured b 1!►is Secudt '--
<br /> 8 Pe Y P 9 P Y Y 4`.��
<br /> Instrument immediately priarto the acquisttion. � � "`"
<br /> ' 6. Occupancy, Preservatton, Maintenance end Protectton of the Praperty; Borrower•s I.oan Appltcation; '"' ��-
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<br /> ' Leaseholds. Borrower shaii occu estabtish,and use the Pro rt as Borrowert rinci ai residence within six da s after ` ,_`_-� -
<br /> _.. - ----:. _---......_....--•- PY• • pe Y P P tY Y� � _- _
<br /> �� „ the execuuon at this�ecunty l�strument tu�d shaU conttnue to occupy the Yroperty a5 Horrower'.s principal residence for at .-
<br /> ' least one ycnr after the date af occupancy, urdess Lendcr othcrwise agrecs in wrtting, which consent shall not be �!.-
<br /> • unreasonably withheld,or unless extenuatinb circumstances exist which am bryonJ Borrower's control. Boaower shuU not ' . -
<br /> destroy.damage or impair tfie Propeny.ullow the Propeny to deteriarute,ar cammit waste on the Propeny. Borrower shull "-
<br /> � be in default if any forfeiture action or praceedin�,whether civil or criminal,is beFun that in Lender's good fuith judgment � _.
<br /> could result in forfeiture of the Property or othenvise materially impair the licn creuted by this Securiry Instrument or ,
<br /> �� I.enderk security interest. Barrower mny cure such a defautt and reinstute,us pruvided in paragraph 1 A,by causing the action � ---
<br /> or proceeding to be dismissed with a ruting that, in Lender's good faith determinution.precludes forfeiture of the Eiorrower's r�
<br /> . inter+est in the Property or uther materiul impairment of the lien crented 6y thiz Securiry lntitrument or L.enderti secudty '�'y�'
<br /> interest. Borrower shall also be in default if Borrower, during the toan application pracess, guve materfally false or � -i" _
<br /> inaccurate information or statements to l.ender(or failed ro provide Lender with uny matecial infortnution)in connection with ','� '
<br /> _ _ _ the lonn evidenced by the Note,i�cluding. but not limited to. repre5entutions conceming Borrower's• occupancy of the ' : ,�;�
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<br /> - - i'roperty a,a pnnctpal.re��dence. It th�s 5ecunry Instrument is on u leaschotd,Borrower shali rompiy wuh a�l the provtsions - -
<br /> . of the teasc. If Borrower ucqulres fee title to thc Praperty,thc icusehold and the fcc titic xhall not mcrgc unless I.endcr a�rcc.r• �
<br /> . to the mcrger in writing. �i '
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<br /> 7. Protection of Lender's Rights in the Property. [1' Borrowcr fuils to perforni the rovenunts and a€mxmentti
<br /> ; contained in this Security lnstrument, or therc i�a legal proceeding thut muy signifieantly affect Lendec's rights ia the �
<br /> Property(such us a proceeding in bankruptcy,prob•ric,far rondcmnatian or forfeitum or to enforce luws or regulutions),then ''
<br /> Lender may do nnd pay for whutever is necessary to protect the value of the Property ;�nd Lender's rights in the Propeny. ,�'
<br /> , Lender's uctions may include payin€any+ums+erurcd by u lien which hu,priority uver this Sewrity Instrument,nppeurin� ��"j
<br /> , in court,pnying rea.,nnable�tt�rncy;fecs and cntcrin�o�i thc Property tci make rcpairti. Althciugh L,endcr may tAke action
<br /> _ � , undcr this p;ua�raph 7.Lendcr docs not havc to do,o. ;��� "
<br /> � Any amounts disbuncd by Lender undcr this pura�ruph 7 �hall becumc�dditionul debt <if Bormwer secured by thiti �
<br /> �' Security Instntmcnt. Unlczs Borrawcr und Lcndrr agrrr to c�thrr tcrtns of paymcnt.thc,c amount.shall bc;u interest from the , '
<br /> dute of disbunement •rt the Note ratc and�hall tx payublc,with imcre,t, u�n notirc from I.cndcr to Borrowcr rcyuesting . ,��-�
<br /> i f � payment. . ,-'.%�'''�;
<br /> S. Martgage Inrurance. If Lendrr rcyuind mongage imurance ati a conditie►n of making the loun secured by this ��%'� Y
<br /> � � Securuy Inxtrument, �iorcowcr shall pay the prem�ums rcquucd to mumtam thr �m►rigagc inxuranre tn cttcct. tt,tor uny 4 ° � -
<br /> reason, the morlgage in�uraner covera�;e reyuireJ by Lrnder lapseti or cca.r� to br in eff'ect. Bormwer xhall p•ry the � �'��.
<br /> pmmiums mqaircd to obtain rvvcragc wB�t•rntiall�•ryuivulrnt t�thc mortgagc imurancc prr��iou+ly in cffect, ut a cotit l ' .;`'
<br /> sub�tantially eyuivalent to the co,t[o Bonower of the mortgagr inwrance prevwu�ly in effert,from un ultemate mortgage I , �
<br /> insumr appmved by Lendcr. If�ub�tantisQly cyuivalcnt mortFug�in+urancc roveragc i.not avuilablr,Bormwer tihalt pay to c
<br /> Lender cach month a �um cyual to c�nc-twclRh of thc yc•rrly mongagc imuranrr pmmium hcin�paid by Borrower whcn the � ,
<br /> inwr.tnee coverage lap�cd orceaseJ to tx in rffect. l.ender wiU accept,u.r and rrtain thru paymentti a+a loss reserve in lieu I . j�
<br /> of mortgagc in�urance. l.o+,rescrvc payment+ maJ•no longrn c�rcyuired,at th:��ption uf LrnJrr, if mongagc insuranrc (
<br /> coveruge(in the amount and for thc periuJ th•rt LcnJcr reyuirc.) pnwidrd hy an inwrcr approvcd by Lendcr aguin bccomes {
<br /> available and i�obtaincd.Born�wcr�hall pay t1x pnmium+myuirrJ to maintain nwn�:agc in+ur.inrc in cffcct.or to pmvidc u �
<br /> lotix rexerve,until the rcyuircment k�r mongage in.uranre end+in arccirJanrr w ith•rny ��rittcn agrrrment tktwren Borrower j '
<br /> und Lenderor:�ppticable luu•. � �
<br /> - 9. inspection. Lendcr��r il� agcnt may mal�c rcatiunaMr cntrir.uFxm xnJ in+�rtian+i�f Ihr Pru�rty. Lcndcr+hall
<br /> ' givc Bormwrr noticc at thc timc uf c�rpri<�r to an im�xrti�x�.�xrif}•in�reawnahlr rau.r ti�r Ax in+�xrtion. '
<br /> . I0. Condemnation. Thc pr��ccd�at am aw•ard c�r rlaim titt JamaEc.,dirrct��r�•on,cyucmial. in connrction with any
<br /> tin�tc Fam�h••Funnic�tue/t'reddic 11uc l]IF�(IR�1 1\\'I�RI\1F.�1 .. t ndunu('u�cnant. 9rV0 tpd¢r�,�l��/a�e�•�i �
<br /> � �ur.rt Intn Run�ua Fam�lrK� - .
<br /> ' i��Udrr Gtl 1�I1qS:t69:1y3:'k�t 4U.191•�I:�t •
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