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<br /> .r�.zs.�f�� � periods that l,ender n,quires. Thc insamnce cs�rIer providing tha insurance sh�l1 bo chqsen by Borro►ser sn jcct to Lendcrh —�—
<br /> i_-�V,��. appmval whict►shail not be urmeatson�bly w(thheld. If Bqrrower fuils to muintain coWem�o dess�ibed abuvc�I.ender mny,at -
<br /> � Lender�optlon,obtain coverage to pmtect i.ender's dghts in�he P�+operty in uccordanco with paragraph 7.
<br />-�a;;���,y.*�°`�'� Y . Al!insurance policies nnd�newrals shall be Aceeptuble to[.ender und shall include a stnndard mortgnge clai�ce. Lender -_-
<br /> --s"�'�`�`'�:�'; sh�ll have th$ri�ht to hold the policies and renewals. If Lender requires,8orrower shull�mmptly glve to l.ender nll receipts
<br /> - _�:�. �:�:v�. ---
<br /> �`�--�-� � of pald premiums and renewnl rtotices. In the event of loss.Borrower shall give ptompt notice to the ineurnnce carricr and �F�
<br /> ""�.:,,..»�;,�:.s:. '�� I.ender. Lender may make proof of loss jf not made promptly by Borrowor. �``===`
<br /> ,�_-.?-�_� •� .� Unlesa Lender and Borrower othen�vise agree in wdting,insurunce pr+uceedq shall b�applied to restaratIon or repnir of -__ _
<br /> �_� the Property damaged, if the restoration or cepair is econamically fensibla nnd I.enderk setudty is not lessened. If the �w".•�==�--=-'_°- .
<br /> �- �"��-'� restoratIon or rep�ir is rtot economically feasible or Lertder�securIty would be lessened��inaurnnce pracxeds shall Isc -- - - -_ -
<br /> - "'..' applIed to the swns secured by this Security Instrument,whethcr or not then due, with uny excers paid ta Borrower. If -y�-�
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<br /> Hmrower abandons the Propecty.or does not unswer within 30 days a notice fram l.ender that the insurance currier ha4 ��?,y-��p���
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<br /> offered to settle a claim,then Lender may wltect the insurance proceeds. Lender may use the praceeds to repair or reswre . ,F.��_
<br /> the or to sums secumd b this Securit Inswmen�whetheror not then due. '11ie 30�da riod wjp be in when ��°�`°'-
<br /> ProPEriY PaY Y Y Y Pe � �.- 9�,�=_..-----
<br />_ . the nouce is given. �����='__-
<br /> Unless Lender and Borrower ot6etwise agree in writing,any applicatian of proceeds to principal shall not extend or ;�,�':.�r=�---��_
<br /> postpone the due date of the monthly payments refemed to in paragraphs 1 and 2 or changa the amount of the pay�nents. If �*p-Sw=�—�
<br /> -l"� 'K4f<'':isw.c-.�_
<br /> .,- under paragraph 21 the Propeety is acquired by Lender.Borrower's right to any inaurance policies and praceeds resuldng ., r�,.....,.,_y______,
<br /> fmm damage to tbe Pnoperry prior to the acquisition shall pass to Lender to tha eatant of the sums secured by this Serurity s?��-�
<br /> Insm�ment immediately prior W the acquisltion. ���--�°._
<br /> � 6. Occupancy, Preservation, Maintenance and Pirot¢etIon of the Pro�terty: Borrower's Loan Appllcation; :;-��=�'""""`'
<br /> Ixaseholds. Borrower shall occupy. establish,and use the Propecry as 8orrower�s principal residence withln sixty days after � '���•`-`—-
<br /> the execution of this Security Insuument and shall continue to occupy the Property as Boirower's principal residence for at =--
<br /> ieast one year s+fter lhe dute of occupancy. untess Ledder otherwix agrees in writing. which consent shalt not be - ��;u,;,�_-
<br /> unr+easonubly withheld,or unless extenuating circumstances exist which ar�e beyond�orrower's control. Borrower shali not �•��-���°
<br /> destroy,damage or impair the Pt�operty,al low the Progerty to deteriorate,or commit �vacie on the Property. Borro�ve�shall '•�� """="'�
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<br /> be in default if any forfeiture action or proceeciing,whether civil or criminal,is begun that in Lender's good faith ji�dgment ':�,t?`�,;',�,`;_,� ;��•�_-
<br /> could result in forfeiture of the Property or orhenvese materially impair the lien created by this Security Instrument or ��',fvS S. " �;�_;`"--�
<br /> Lender's security interest. Borrower rnay cwe such u default and reinatate,as provided in paragraph 18,by causing the action °" �!"
<br /> � � or proceeding to be dismissed with a �uling that,in I.ender's good faith determination,precludes forfeiture of the Boirower's . -_��''-�
<br /> � interest in the Properry or other material impairment of the lisn created by this Security Instrument or Lender's security �'.'�'1. ,-�— -
<br /> , interest. Bomower shall also be in default if Borrower, during tha loan application process, gave matedally false or �;i `�' F
<br /> ' , ' inaccurate in€orenadon or statements toLender(or failed to provida I..ender with any material informarion)in connection with :�'��s�''`.,
<br /> . . . • the loan evidenced by the Note, iacluding, but not limited to. mp�sentationa conceming Borroa•er's occupancy of the •^�
<br /> . Property as a prfincipal residence. If this Security Instrument is on a IeASChnld,Botrower sh�ll comply with all the provisions a .
<br /> � .�. • _ � of the lease. If Borrowcr acquires fee tide to the Property,the Ieasehold and tha f�e titla shnll not merge unless l.ender agrees �• •�•
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<br /> '`."`�' to the merger in writing. : -
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<br /> �,`;:�" 7. Protection of i,eade�'s Righ4s in the Property. If Borrower fails to pedarm thc covenants and agreements y,<�� d
<br /> .��,', �.;., . .;�. .
<br /> ,,�, contnined in this Security d:�s.rument,ar �hese is a legal proceeding that mny significantly affect Lender's rights in the �;�: .�„ . . . �
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<br /> , Avperty(such a5 a�roceeding in banicruptcy, probare,for cundemnution or forfeiture or to enforce laws or e+egulations),then >ti.;�..•,-'
<br /> �.a. , Lender may da and pay for whatever is nece5.sary to prote�l the vuluc of the Property and Lender�righu in the Property. ' `t'��.' �� ¢1'
<br /> ��:!�:5+;: � Lendar's actiana may include puying any tiums secured b�r a lien which hu�priority over this Security Instrument,appeuring ���:�y:,
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<br /> in court,paying reasonablr attomeys'fees uid entering on the Prvperty to muke repairs. Although Lender may take action ' �- �
<br /> �"��`��i1t:%�.�` under this paragraph?,Lender dc�es not have to do so. '1�'��'`•''�'� �.
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<br /> � '�'='•'`• Any amounts disbursed by Lender under this paragraph 7 .hull become additional debt of Borrower secured by this �� . •
<br /> +� " � Security In�stcument. Unless Borrower and Lender agree to other tenns of p�yment,these amuunts shall be:ir inter+est from the ,< ,
<br /> �`,�� date of disbursement at the Note rat�and shnD tx payable,with intenst,up��n notice fmm Lender to Borrower requestinc ' � �;:.���:^
<br /> •.,'�;�:�:._ . payment. ���v���
<br /> ``���"''"' S. Mortgpge Insurance. if Lender reyuined mortguge in�urance��a condition of making the loan secured by th9s '"/!-,,:. 'i
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<br /> � ;`'•��' Securit instrument, Borro�aer sbnll a the remiuma ce: uined to muintain the mort x e insurance in effect. If, for an +'.�) �
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<br /> • ' mason, the mongnge inr•.urance co��e�a�e reyui�d by 1.ender lap�es or ceases to be in effcrt, Borrower shall pay the :+��4��' '
<br /> � ptrmiumx�quired to obtuin rover3ge SuMt:�ntially equivalent to thr mortgage insuranre previously in effect, at a cost , ' .
<br /> . subr.tantiully eyuivalent to the cost to Burrower of the mortga�e in�urance prcviously in effert,from an alternate mortgnge ,
<br /> insuner approved by l.endcr. If subst:uuially eyuivalent mortgage in.urance coverage i+not available,Borrower shaq pay to ,
<br /> Lendcr each month a sum eyual to une•twelRh of the ycnrly mortgage imuranre prcmium lking paid by Bomower when the - y
<br /> " � insnrance roverage l�psed or cea+ed to he in effcct. Lender will arrept. u,r and rrtain thetir payments a�u loss resen•e in lieu ' � „
<br /> ' of mort�uge insurance. [.osx reservc paymcnts muy nu longcr lx rt�yuircd,a[thr��ption of Lender,if mortgage insurance �
<br /> coveragr t�n the amount and for the peric�d thut Lender rryuirc,)pruvided by an in.urcr appruved by Lender again be�:omes ��'�'�'
<br /> . . availnble and is obtained.Borrower shall pay Lhe pmmiums reyuircd to maint;un mort�age in.unuice in effect,or to provide a ' '
<br /> loss resetve,untit the mquimment for mortga�e in,urance ends in arcurclanre�eith any��ritten agnrmrnt between Bormwer <�s:f
<br /> . ' and Lender or applicable Isw. : ' '
<br /> 9. Inspection. Lendrr or its agent may make rraumable entrie.upun and in��xrticm� uf the Property. Lrnder shali ; .''�'��
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<br /> � give Borrower notire at the timc of or priur to an inspection.�ifying na.onahle rautie fi�r the impection. �
<br /> � 10. Condemnation. The prucceds of any:tward or rl:�im ti�r damage�,dirzct or comequcntial,in runnection��•ith any �
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