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<br /> perEoll.s thui Lender rr,qu3r�s. T'ha insurunce carrter providing thc insur•u�ce ef�all be chosen by Borco��eoi��enderb
<br /> L.�end r`s option.btain snverago to protec Lendark�ights in�therl'roperty n�accordance with purog ph�vc.Lendor may.at
<br /> AU insurancc policIes and renewals shall be ncceptabic tv l.endcr and shs�il includc u xtandnrd tnortga$e clause. I.endcr .
<br /> shall heve the rlght to hold thc policics end nnewals. If L,ender aqui�s,Borrower shull pramptly givc to Lender atl rescipts
<br /> _- -__---_� of p.1jd prcmiums and rcnewal notices. in the e�rent of loss. Borrower shall g(ve prompt notice to thc insur�nce.carr.ier nnd
<br /> Lender. I.ender may muke proof of loss ff not rnude prompAy by Borrowcr. '
<br /> - Unl�ss Lender nnd Borrower otherwise agrce in wrIting,insumrtce procecds shall be applied to restoration or nepair of
<br /> the Aroperty damaged, if the restorat�on or repair i�econamically feasiblc w�d Lenderk secudty is t�qt lessencd. If tho
<br /> .� �,� restoratIon or c�palr is not economically feas3ble or Lender's secur�ty would be tes.sened,the fnsurartce proceeds sh�ll ba
<br /> i applied to the sums secured by this Security Insuument,whether or not then due,with any excess paid to Boirower. If —
<br /> Soaower abandona the Property.or does rrot answer within 3Q days a notice from Lender thai the insurance carrier has
<br /> offened eo seule a clnim�then Leader may coltect the insurance proceeds. Lender may use the ptocecds ta rep�ir or rcstore v _
<br /> ;•�;, the Property or to pay sums secured by this 3ecwity instrument,whether or not then due. The 3MIay period will begin when
<br /> the nodce ia given. —
<br /> '- .� Unless Lender and Borruwer otherwise ugree in writing,any applicutlon of proceeds to pr�ncipal shall not extend or
<br /> "i� postpane the duc date of the monthly puyments referred to in paragrnphs 1 and 2 or change dte amount of the payments. If
<br /> % under paragraph 21 the Property!s ucquired by Lender.Borrower�s right to any insurance policIes end proceeds result�ng
<br /> from damage to the Property prior to the acquisitlon sh�ll pass to Lender to tho extent of the sums secured by this Securlty
<br /> t.e Insttument immedintely prlor to the ncquisitlon.
<br /> �':�=,�- ;�j G Occ�paacy, Preservalloa, Malntenance ond Protection of the Propsrty; Bvrrower'e Loan Af►pUcadon; --
<br /> • :; .,, . ;, ,,,;, I.ea�seholda Borrower shall occupy,establish.and use the Property ns Borrower's pdncipal residence witNin sixty duys nftor =-
<br /> 4�r"'' • ` the executian of this Secur�ty Inswment nnd shall conti�ue to occupy the Property as Borrower's principal resldence for ai __
<br /> ;.., Si�' �:
<br /> least one yenr after the dute of occupancy. unless Lender otherwise a�rees in writin�, which consent shal! not be �-,.,.
<br /> '-'��rtD ' _., unreasonably wtthheld.ar unless extenuuting circumstances exist which are beyond Borrower s control. Btivrower shull not �-��
<br /> �� � desvoy,dmm�ge or impafr the PropeRy,allow the Property to deteriorate.or cummit waste on the Property. Borrower shnll �•�=`
<br /> ' ' be in default if uny forfeiture uction or procceding. whether civIl or crimin�l.is be�un that in Lender!s good faith jud�ment ��'
<br /> could result in forfeiture of the Property ar othcrwise materially impair the lien crented by this Security Instrument or =
<br /> . ; Lender�s security interest. Borrower may curc such u default and minstute.as provided in paragraph 18,by cuusin�die uction -�
<br /> „ or proceeding to be dismissed with a rutin�thut,in Lender!s good fuith determination,prectudes forfeiture of the Borrowerh
<br /> • H interest in the Property or other muterial impairment ot the Iten creuted by this Secucity Instrument or Lendert security ��
<br /> interesG Borrower shrill also be in defuult if Borrowe�, during the loan upplicAdon proccss. gave marer��lly fnlse or __
<br /> inuccurate infotmapan or stutementti to Lender(or failed to provide Lender with uny material lnformation)in connecaon w[ttt
<br /> � • the toan ev�deneed by the Ivote, ineiudin�,ba� not limited [o, representutions c�nccming 8urnswec;�nxupar►cy �i iHe �
<br /> Property as a principal residence. If this Security Intitrument is on u leasehold.Borrower shull cumpty with all the provislons
<br /> of the lease, lf Borrower acyuires fce tiUe tv ihe Pruperty,Uic:lea+ehold and the fec titic�hali not mcrgc unlcss Lender ugrees �--
<br /> . to the mergcr in writing.
<br /> 7. Protection oP Lender•s Rights in the Prop�My. If Borrower fails to pert'orm the covenun�v aad agreements
<br /> , contained in this Security Instrument,or therc is a Ie�nl procecdin� thut rnay significantly affect Lender's r�ghts in the
<br /> � Property(such a.r• a proceedin�in bunkruptcy,probate,for condemnution or forfeitum oc to enforce law�or mgulntions),then
<br /> Lender mny do and pay for whatcve�is necessury to p�ot��t thr vulue of the Propcny and Lcnder's righGti in the ProEterty. -
<br /> � Lender's ac:ions muy include puying:,ny xum� .ecunJ by u lien whirh ha,priority over this Security Inswment,appearing
<br /> _ „ .. in court,paying reasonablr uttorneys'fe« and entering on the Pro{xrty to make repairs.Althou�h Lender muy tnke action
<br /> under this�;iragraph 7,Lender does not have to do,o.
<br /> � My amounts dixbuncd by Lender undcr thi. parugruph 7 shull bccome udditionul debt of Borrower secured by this
<br /> ; Security Inswment. Unless B��trower and I.cnder agree to other tertnx of payment,thetic amounGc shall bear interest from the
<br /> , dute of disbursement ut the Nutc rute anJ �hall bc payublc, with intcre+t,upcm notice from Lendcr to Borrowcr requesting
<br /> payment.
<br /> - tj. Mortgage Inaturunce. If Lcnder rcyuimd mortga�c insur:uicc ati:i conJition of makin� thc loan secured by this
<br /> Security Instrument,Burruwer ,hall puy thc prcmiums n�{uircd to maint;►in Ihc mort�a�e insunutce in cttecL It,for any �
<br /> rea,on, the mortgagc insur.uuc cuvcr.+�te a�yuired by Lendrr lapse, or c�a+cs tv bc in effcct. Borrower shall pay the
<br /> . ' pmmiums rcyuired to ubwin cuvcrage wbuantially cyuivalent w thc murtgagc insur.utre previously in effect, at a cost —
<br /> �ub.t:uuially eyuivalent tu thc cu:�t w Borruwcr uf the murt�uge in:urance pnviuusly in effect,from an altemate mortga�e =_
<br /> insurer approved by Lcnder. If.ub�t:u�tially ryuivulent rnungagr in.uranre c�veragr i,nat availuble.Barrower shall pay to �=
<br /> Lcndcr euch month�sum cyuul tu une•twclkh uf the ye:uly mortgage in,uruncc prrmium bcin�!paid by Bortower when the =_�_=
<br /> insurance coverr�r Irp.red or rea.ed w br in eftcrt. Lcnder will accept,u+c•rnd retuin thr+r paymeneti x.a luss reserve in lieu ���-
<br /> " ` of mortgu�e in�urunce. Lotiti rc+erve p•rymcnt�may nu lunger be nyuind, at thc uptiun uf LenJ�r,if murtgage insuruttce
<br /> covcrage(in thr amuunt:►nJ(or thc peri�ni that LenJer n�yuircti)prooid��!by an intiurer appruv�d by Lcndcr aguin brwmes
<br /> , available:unl is ubtuinrd.&�rrower shall pay the prcmiurn.reyuir�d to muintuin mortga�zr imur.u�cc in effect,ur w p��vide a
<br /> Ioss r��cerve,until the reyuiremrnt for mungage inwr�ncr enJ,in arcurduncc with any written agrcement betwern Borrvwer
<br /> ., :uid Lcndcror applicable law.
<br /> 9. Insptrtiun. Lrndrr ur it.agent rnay m:ske Ru,unuble entrie.u�wn and in.pertiom of the Property. Lcndrr.hall
<br /> give BorroNCr notice at the time vf or priur to an in.p��tion,pecifying rca.unablr rau.c for thc in.pection.
<br /> - 10. Condemnation. Thc pr�x«dti ut'any uw urd or claim fur damagc+, dircrt ur run�ryucntial,in cunn�titiun with:►ny �
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