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<br /> -_,-.: -.:--_-- e ixrlrxia that Lender nequires. Ttta Insuranee sarrlcr pmviding tl�c insvrancc Rha!!be shosen by 6�arrawer su6Ject to I.�nder's
<br /> - — approvul which�hnll not be unseasonably withbcid. IF Dorrower fuita ta malntuin coverage Aescrihed u'bove,Lender muy.a3
<br /> --- Lenderg aption,obtnin covemgE ro protect I.enderk ri�hte 1n the Praperty in aecordunce wEth pamgrf►pb�.
<br /> �. Ali insurance policles and renewnis shali be ucaptable to Lender and shall inctude u stundnnd mortguge clause. L.endor
<br /> --- -- ehaA huve t�he r1Bht to hold the poltcies and renewsds, if Lender requiree,Borrower shutl prompily glve to Lender ol!teceipta
<br /> - - -�:-�' of Qaid.premiums and renewnl��otices. In ihe evcni of loss,Borrowce si�ai!give peompt notice to th�insurance cnn�ier and �-
<br /> l.ender. I.endar may make proof of loss if not mude prompdy by Barrower.
<br /> ---�
<br /> Unless l,ender and Horrower oihenvise agree in writing,insurunce proceeds shali be applied to restaration ar�spair of
<br /> ----- tRe Property damaged� if the nestomtion or repair is ecartomicully feasible artd Lender�s security is not lessen . e �-
<br /> - +esturation or repair is not economicalty feasible or Lenderg serurity would be teasened.the insurance pmceeds shall be
<br /> -�_� epptied to the sums secured by this Secwity Insnument. whether or noi then due,with any excess paid to Boaower. If
<br /> __ .�-��,� Boirower abandons the P�operty,or dces rtot nnswer withi� 30 dayx u notice from Lender U�at the insurance currier hus _
<br /> �::�.�� offered to settle a claim.then L.endcr may coUect the inKUrance proceeda. Lender may use the prace�ds ton�air ar restore
<br /> ,.�..;,,��,•,.�� the Ptoperty or to pny sums secured by thia Secudty Ineuument.whether or not then duc. The 34day p$doci wiU begin when
<br /> �s;t,�,K� r the nodce is given.
<br /> �..���� Unless I.ender ared�orrower otherwise agc�in writtng.any app(icatiot�og gmc�s to paeetcipal�It.all c�at extend or
<br /> -��:•, at:._.
<br /> ::r,.'°�� postpone tt�e dae date o£ct�e monthly pRyments referred to in pnragraphs 1 a�zd 2 or cC�ange cho amount o�ttte�ayrkients. If
<br /> --- ' '.�:,-�' under paragra�pL�21 t&e IPsoperty is scquired by Lender. Bomower'�rigte¢ro sny insucartce poticdes and p�fs mes�a�tinII
<br /> '�`°�-����-;,^�-• fc+om dam��e eo tt�e Pf�pe�ny prIor to the acquisitton shall pa�ss to Lepede�to¢14e excent of[h¢sums secured by cbis Secuei@y
<br />�;�'a.r. : �
<br /> .. Insaumene nm►needacety pr�or ta the acquisiUon. _
<br /> � �b. ��vn�, 1Pu�rvation, Maintenance and Prot�c¢6��n v�i id¢ l�rr�goerty; Borrower's I.�cn¢+ 4App�icado�;
<br /> A.¢as�8r�0�. �orrower shall occupy,establish.end use the Prope�ty as BQrrower�princlpal resIdence wlthin s'pcty days after
<br /> the execu¢eon of this Security Instrument and shall continue to accupy the Propeny as Borrowert principal residence for at
<br /> least one year after the date of occupancy, unless Lender etherxise ag�ces in writing, w�ich consent shall aot be
<br /> .�„>;' unreasonably withheld,or unless extenuapng circumstances exist which are beyot►d Borro�ver's control. B�irower shall not
<br /> "''"'� destroy,damage or impair the Pro�rerty.allow the�roperty to deteriorate,or commit waste on the Pro�serty. Bormwer shall
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<br /> ,'•:'r'.�:Y be in default if any forfciceare action or proceedimg,whether civil or cdminal,is�s:�un that in LeRder's gv�ud faith judgment
<br /> '•'���` coutd result in forfeituec <?!`the Ptro or othenvise materiall im aia the lien cr+eated b this Securit instcw+rcnt or
<br /> , ,.. �,�,.t FertY Y P Y �'
<br /> � '�,;�;%:'"�°; Lender's security interest. 1BomoweP rmay cure such a default sind reirestate,as provided in paragragh 18.by causing the actIon
<br /> •__-.,��;f's:
<br /> +.��.:,;;;v. or proceEdi:-41�,io�:.di_rneisyed with u ruting that,in l.ender�s good faith detertnination,precludes forfeiture of the Bonower`s
<br /> ,.�'Zf���,�:<;� interest in �ihe Propert� o�other material impairment of the lien ca+�ated by this Security Insuument or Lender�s security
<br /> ,ti�{���•;,.•�����; interest. Homower shali also be in default if Borrower, during the loan application process, gave materially false or
<br /> _`; ittaczuraie iafomsation er statem?nt�to T xnder�or failecl to�rovide l.ender with any material infomtationl in connection with --
<br /> "�k�-S*��f�•�� the lonn evidenced by the Note, including, but not limited to, representations conceming Bomower's occupancy of th�
<br /> �^ �3`,��� Property as a principal msidence. If this Securiry Instrument is on a[�asehold.Borrower shall comply with all the provisions
<br /> �" o f t he lease. I f Bomnwer acquires fee ti t le to t he P r ope rty,t h e l e as e 6 i c�t d a n d t h e f e e t i d e s h a l l n o t m e r g e u n l e s s l..e n d e r a g r e e s
<br /> to the merger in writing.
<br /> a. , 7. Protection o!i.ender's Rights in the Property. If Borrower fails to perform the covenant�: flTCt!agreements
<br /> ` contained in this Security lnswment, or there is a legal proceeding that rnay .9gnificantly affect Lend�:e's r.ighu in the -
<br /> ' Property(such ati a proceeding in banlcruptcy,probate,for condemnation or forfei7z:re or to enforce laws or regvu!ations),then
<br /> ` Lender may do and pay for whatever is necessary to protect the��alue of the Property and Lender's rights in the I'roperty. ____
<br /> ^ Lender's actions may include paying any�ums secured by u lien a�hich ha�priority over this Security Instrument,appearing -
<br /> ' in court,paying reasonable attomeys'fees and entering nn the Property to make repairs. Aithough Lender may take acdon �;�__.
<br /> under this paragraph 7,Lender does not have to do so. ����
<br /> An amountc disbursed b Lender under this ara ra h 7.hall becom� aci:litional debt of Borrowe�secured b this ��r'��
<br /> _ _ y Y P F P Y �;::::�
<br /> • . Security Insnument. Unless Borrower and Lender agree to other terms of payrnen..these amounts shall bear imemst from the i::�
<br /> ' date af disbursement at the Note rate and shaU be payable,with interest, upon notice from Lender to Bormwer requesting -
<br /> payment.
<br /> 8. l0�dortgage Insurance. If Lender reyuired mortga�e in.��r:�nce ae a condition of making the loan secured by this
<br /> Security Instrument.�nttower shali pay the premiums required to maintain tt�e mortgage insurance in efEeca. If. for any
<br /> �• teason, the mart�aQC en;;�rance cavera�e requircd hy Lcnder I.i�ses or ceasr> to be in effect, Borrov�rer ;hall pay the
<br /> premiums required ta� ��'.�:•:un coverage �ubstantially cyuivalrnt c� thr mortgage in�urance previously in efiect, at a cost
<br /> substantial7y eyuivalent to the cast to Borcower of the mortgage i�z:�erance previousiy in effr�t, faa�m an altemate mortgage
<br /> insurer approeed by Lender. If substantiaU�•equivalcnt mongage ir�:..ur•rnre coveragc i�not uvaiiable. Borrower shall pay to
<br /> • � � - Lender each menth���3m equal to ooe-twrlfth of the yearly monc:�ec inwrance premium heing paid hy Rormwer when the •
<br /> `�r ' , .. insurance coverage lae<ea!ar ceased to bc in et'fect. Lender will ucrept,u�e and retain the�e payments as a loss reserve in lieu
<br /> ��` of mortgage insuranrr. �.i»s reservr payment+ma�• no longrr he required,at the c�ption af Lender, if mortgage insurance
<br /> coverage(in the amount and tor the period that Lender require,�provided by an imurer approved by Lender again becomes
<br /> available and is obtained.8orrower sha11 pay tht pmmiums reysut:c:to maintain mongage insurance in effect,or to provid�a
<br /> loss reserve,until the reyuirement fnr r�ortga�e inwranrr rnd� ic.t,rordance w ich any u�rinen a�reement between Borrc�wer
<br /> and Lender or appli�ahle la�t•.
<br /> 9. Inspection. P..e.^.�itr or itx a=ent may ma�: rea.onable entrie.u}xm anJ imprction�of the Proprrt}. i.ender shall
<br /> give Borrow•er notice ut!:,:3fine of t�r prior to an ui�pr�tum�prcif�•i�ig rra,�mable c�u�e for thr im�eti�m "
<br /> 10. Condemnattaa�m. Thr prarresl.of am•a«u:c!��r rlair.�^.�-dama�c�.dircrt ur ranscyu.niial.in cumi,ciion with any
<br /> timsle F�n:... . Eannfe�tariFn�ddle�trc l�I�'4ukt11Xti'IR(�1F.\1'--l'mtor.�L'.��an,�nt. 9•40 �pa,t�•:�,Jn nai,r.�.
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