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<br /> _.;,.,.,Nwl,�,,.,,� periods t�nt I.cnder res�uires. Th�Iruurance caa3er providing fhe Inaurnnce shall be eltoacn by IIorrowar au6ject ro I.ender$
<br /> approval which shali not be unnasanably withhcld. If$orrowes fails to maintain covi�ra�o descrll�cd above,Lender ma�r,at
<br /> --`�=_== I.ender�s optlon,obtain c�v�mge to pmtect Leader�ri�hsa in tho Propetty in ncsuMunce with pnrugmph 7.
<br /> - - "°°� NI i�scuanx gal�cies and rener�als shalt ts�ucceptabtc to Y.sa�er end shalt Insiada a stAnci�ud m�rtgage alause. I�ndnr ._— -_-
<br /> _;:-,r.7;�r��a� shell have the dght to hotd tha poltoles and renewuls. 1f.l.8nsler requfres.Bormwcr shall pmmptly glve to Lend$r mll rccaipte
<br /> — — of paid premiums and renewai natices. 1n the evens of 2o�a.Borrower shsill gEve prompt nodca ta tho insuranco carcter end •
<br /> -------- Lender. l.ender may make proof of loss If nat made prompdy by�ormwar.
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<br /> - - --=_ -- Ualcss I,cndcr and Borcowcx othcrwis�agree tn wrtttr►g,insurance procceds sh�lt be applied to restorntian or repair of --
<br /> �� tha Property� damuged.if the mstosation or repair is ecanomtcally feastble and Lender's secudty ie not lessened. If the r
<br /> =';,�°�:�•� restoration or repair is not economically feasible or Lenderb securlry would ba lessened�tha insurance ptoceeda shall be _
<br /> `�:L.��.�c:;'iJ�N' applied to the swns secuned by this Securiiy Inswment,whether or not then due,wtth any excess pttid w 8otrower. If =
<br /> .'��'��:;°.v�-��.�+f., �omower abandons thB Property.or does not enswcr wjttiin 30 days a aatica fram Lcnder tt�at tha bteurance ca:rier has �--- -
<br /> � ' " ��, offeried to settle a elatm,then I.ender may collect ths insurance proceeds. L.ender muy use the pmceeds w repait or reswre
<br /> .• •• ;;��.0 tha Property or t�pay sums secured by this Secudry Instrument,whether ar not then due. The 3Q�day period wlll begin when
<br /> `• . `�.,..:: ,<.;:f the nodce!s g(vea. �-
<br /> � :t�•�; Unless Lender and Borrower otherwlse agoee Ia writing,any appUcatton of procceds to pdncipa( shdl not extend or
<br /> ' �' Y+;' postpons ths dus date of the monthly payments riefermai w in paragraphs t and 2 or changc the amount of the payments. If
<br /> • ''� _.;: under paragraph 21 the Property Is acquired by I.endar.Barmwer'§right to any insurance policies and proceede resulttng
<br /> � .,:� fram daR►age to the Property prior to tha acquisition shall pass to Lender to the extent of tha sums secu�+ed by this Secadty
<br />' ��' Instrument immediately priar to the acquisition.
<br /> ::;;,; _.�`�"�r; 6. Occupancy, Preservation, Maintenence and Protectton of the Prnperty; Borrower's Laan Appl[c�atton; __
<br /> .•:.;w;�;'�rti< � LeAxeholda Borrower shall occupy,establish,and use the Property as Borrower�s princIpal residencB wIthin sixry days after __
<br /> '�x:�;�'.. " ���F� the execution of this Security Instrsiment snd shall continue to occupy the Pro�erty as Borrower?s principa!residence for at __ _
<br /> ; °�� least one year after the daze of occupancy, unless Lender otherwtse agrees in writing, which consent shall not be �"
<br /> ' � unreasonably withheld,or unless extenuating etncumstances exist whIch are beyond Borrower�s control. Bornnwer shall noY
<br /> destroy,damage or impair the Properly,allow the Aroperry to deteriorate,or commit weste on the Property. Borrower shall —
<br /> ` • .• ;� be in default if any forfeiture action or praceeding,whether cIvil or criminal,is begun that ia l.enderk good faith jud�ment
<br /> , �::�.li could result in forfeiture of the Property or otherwise materialty impair the lien created by this Securiry Instrument or _
<br /> .i���� �� Lender's security interesG Borrower may cure such a default and teu�state.as provided in paragraph 18,by causing the acdon
<br /> '��t;`'.�.J;r. ar proc�eeding to be dismissed with a ruling that,in I.ender's good ituth determination,precludes farfeiture af the Horrowerx
<br /> . „ inter+est in the Properry ar other material impairment of the lien created by this Security Instrument or I.ender`s security �,
<br /> ' interest Borrower shall also be in default if Borrower, during the loan application pracess, gave materially false or
<br /> � inaccurate information or statements to Lender(or failed to provide Lender with any material information)in connection with —
<br /> the loan evtdenced by the Note, including, but not limited to, representations concerning Bornower's occupancy of the --=- _
<br /> _ Property ac a principal residence. If this Security Insuument is on a teasehold.Borrower shall comply with all the provisions ��',�•'`=�-
<br /> • . of the lease. If Borrower acquires fee title to the Pcoperty,the leasehold and the fee title shall not merge unless I.ender agrees =-"-
<br /> to the merger in writing. — —
<br /> " � ' 7. Protectlon of Lender's Rights in the Property. If Borrower fails to perform the covenants and agreemenUs —_=
<br /> contained in this Security Instrument, or there is A legal proceeding that may signi6cantly affect Lender's dghts in the
<br /> ';:;'r,��•:� • Property(such as a proceeding in bankruptcy,probate,for condemnation or forfeiture or to enforce laws or mgulations),then ;�;I,;-
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<br /> ` J � Lender may do and pay for whatever is necessary to pamtect the vatae of tPt�Ptogerty and Lenderk rights in the Praperty. +,�'?°avw
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<br /> �.:�� Lender's actions may include payin�any sums secured by a lien which t�a.c priarity over this Security Inswment,appearing :,.,t`.�r�;�;.
<br /> • in court.paying reasonable attomeys•'fees and entering on thc Prv�erry ro make repuirs. Although Lender may take action �' :�',-';';�
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<br /> • under this parag�aph 7,Lender dces not have tu do so. :�' �,,�,•.>.-,
<br /> ^ • �� Any aznounts disbursed by Lender under this paragraph 7 tihall become additional debt of Borrower securecf by this ��'�y�;%;!;;f.
<br /> �,.�, - � �.�;?,i., -
<br /> Security Instrument. Unless Borrower and Lender agree to other terms of payment,these amounts shall bear interest from L'te ,;�;;.,,;;i,,'� `
<br /> . �• �
<br /> dnte of disbursement at the Note rate nnd shall be payable,with interest,upon notice f�om I.ender to Borrower mqucsting ���s�'�r�,. .
<br /> . ,•• ,„
<br /> payment. ,.`�`�i,:ti,.
<br /> , ' 8. Mortgage Insurance. If Lender reyuired mortgage insurance as a condition of making the loan secured by this -
<br /> Security Instrument, Borrower shall pay the premiums required to maintuin the mortgage insurance in effect. if, for nny ���':':. ' :
<br /> • � reason, the mortgage insurance coverage required by Lender lapses or ceuses to be in effect, Borrower shal! pay the '`���'�i:,,���:.
<br /> ° premiums required to obtain coveruge substantially eyuivalent to the mortgsge insurance previously in effect, at a cost � �..�.{�
<br /> substantially equivalent ta ihe coxt to�orrower of the mortgage insurnnce previoc.�y in effect,from an altemate mortgage \�`�•.�'`�';��
<br /> � insurer approved by Lender. lf substantially equivalent mortgage in�uran:e coverage is not availuble,Botrower shall pay to ''��'1;;;;;'�''
<br /> Lender each month a sum equal to onc-twelfth of the yearly mortgagc in:ur.ince prcmium being paid by Borrower when the '
<br /> insurunce coverage lupsed or ceased to be in effect. Lender will accept,u,e Und retain tfiese payments as a loss reserve in lieu •
<br /> ;,,;�. . , of mortgaga insurance. Lo�s reserve payments may no longer be: reyuireJ,at the oFtion uf Lender, if mortgage insurance �. ��.� ,
<br /> ,�„ Cu�zf"d'2 ui 111C Qllrt/illll atfN=(�UI GIC tiuti ii�ai Leuuet tei uuc+ i�;'riuCu ii .iii fi.:,:::.P' ^�b••L^ �:�`'',-'��-_
<br /> ` . b t� tx t �t% :r .:NY:o.. , rde:again�c�mes
<br /> �,'":;-..:� , avnilable and is obtained.Borrower shall pay the premiums reyuired to maintain mongaFe insurance in effect,or to provide a ��r,�`�
<br /> ''�'"' ; loss reserve,until the requiremrnt for mongage insurance end.in accordancc with an�•written agirement between Borrower
<br /> , and Lender or app�licable law.
<br /> `,'O:.� ' 9. Inspec3non. Lender or its agent may make reawnahle entries uExm and in�pections of thr Property. Lender shall
<br /> give Borrower natice at ih�cime of or prior to an in�pection�perifying reasonable cau�r for ihe inspection.
<br /> '�,, ��. 10. Condemnatlon. Thc prcxeedti of any award or claim for damage>,direr�or ron�eyuential, in connectinr.�vith any ,�
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<br /> To tK.ter 1:�II 1••1W}33L•9393_F.L'(GI6791•I1.11
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