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<br /> �� pedocia thnt�enQer reg�ires. The insurnrtce currier ptvviding t�te insurn»ce shutl be chosen by Dorrower subjeet to Letr�er`�
<br /> �"'°°"�' approva!witfAt�sha11 nat bo unreasonably wlthheld. If BorYawer.fn{la to muinu►In coveraga descrlbcd ubove,I.ender ma}.r�
<br /> ��_-- ' Leudc:r'�o�tt�n.nbtuin coveruge to pratect l.enderk�ighte in tha Pra}�erty in Qecot+dunce wlth paragraph 7.
<br /> _______—__ e411 inaurance paliciea und renewaia shail be acceptabie tu[.ender anci Hholi�nclude u standnrd mongnge clause. L.ender
<br /> «� shal!havo tbrt.ri�ht to hald the polictes and renewals. 1f 1.eTtder requit�eai.P�orrower sholl pmrr.Rtly give w Lender ull recelpts
<br /> ����'-`�'''-�� � oF pnid preiniumn und nene�vui notices. In the event of Inss,Botrower ahal!give prompt naticc to U�e insurance caurter nnd --—
<br /> „�.,,�_.�N,...., L.ender. Lendar mny mnice prooF of lass if not mude promptly by Borrower.
<br /> -� • �� Ilnla�v lxnder and Bortower otherwise ngrec in wdting,insumrtce proceeds ehull be t+pplied to restaratton or mp9ir of _.:.
<br /> --_-{,w'�""°°'°'°"' the P1ro�serty damuged. if the nestoraUon or repair is economicully fepsible and Lender's secarity is not lessened. If the `�
<br /> —_'�"�°e"�"!'� c+estaratlon or re�air is not ernnomicully fea.gIble ar I.endEr� sec�rity wauld be lessened,th2 insurunve pn►ueeda shall bo
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<br /> � ¢ ,�i�� ugpiied to ths surns secured by this Security Ir,�trumen4 whether or nat then due. wtth uny excess pald to Bor�awer. If
<br /> 6-`�'���.,$�' Borrc►wer ubsirtdors the Property.or does not answer aitihin 30 days u notice from Lender thac tho Insumnce carrier has
<br />-=_;1��,�,,,f:�.�,i•_��., offe�d to fiettle a claim,then Lender enuy collect the insurunce proceeds. L.endsr muy u�e thr praceeds to reQair or restore — _
<br /> -^�s;• ��' `'�- the Ptro�se�y or to pay sums secured by this Securiry Inswment,whether or not then due. 'ilze 30day pertod wfll bagin when -
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<br /> '-''."'� °: the aoilce ia given. �—
<br /> ~ ���^'• Unlasa Lender and Borrower othecwise sgree in writing, any applicluIan of proceeds to principal shnll rtat extend or
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<br /> - .,_�+. n�Q��due date of the monthl a ents referned to in hs 1 and 2 ur chan e the amount of the menu. If
<br /> f�� �'`'�`' '�" undar ara h 21 the Pro !s ac uired b Lender,Bomnwer�s ri t to an insurnnce licies and t+aceods resultin
<br /> P@�P P�rtY � 9 9 Sh Y P� P �
<br /> ����, • � from dama�e to the Property prior to the acquisition shali pass to Lender to the extent of the sums secured by this Security --
<br /> ; • "� i°� Instrumant.isnmediately prior to the acquisidon.
<br /> •;��F:°: ,� 6, Q�ccupancy, Preservation, Maintenartce and Protectian of tde Property. Borrower's l.oan Application; —
<br /> . � z '' Lees�holdA. Borrower shall occupy.establish,and use the Propsrcy as Hamower's principal residence wIthirt sixty duys after
<br /> � �� the execupnn of this Security Inswment uad shall conGnue ro occupy the Property as Borrowcr's peir�ip31 residettce for ut �-
<br /> least ono }•ear after the date of occupancy, unless Lender otherwise ugrees in writing, which ronsent shall not be ---
<br /> unreasonahfy withheld,or unless extenuating ci�cumstances exist which ar�e 6eyond BorrowerSs controi. Bornower shali aot
<br /> deatroy,dumage or impair the Property,allow the Propecty to d�teriorate,or commit waste on the Property. Borrower shall �`
<br /> , . be in defaule if eny forfeiture action or procceding,whe�her civil or criminal,is 6egun that in Lertder�s good faith judgment --
<br /> could trtaeit in forfeiture of the Property or otherwise materially impa�r the lien cmated by this Security Instrument or
<br /> L.ender n security interest. Borrower may cure such a default and reinstate,as provided in paragrnph!8,by causing the action �-
<br /> • or proceeding ta be dismissed with a culing that,in L.ender�s good fnith determination,precludes forfeiture of the Borrower�s �:
<br /> ' inter¢et in the Property or other material impairtnent of the lien created by this Security Instrument or I.ender's security �;:
<br /> � intn+e�t. Borrower shall also be in default if Borrower, durin� the loan application process, gave materially false or �?
<br /> inaccurate information or statements to Lender(or failed to provide i.ender with any material infmmauon)in connection with --
<br /> the luan evidenced by the Note, including, but not limited to, representations conceming Borrower's occupancy of the --
<br /> Ptuperty ac a principai residence. If this Security Insuument is on a leasehold.Borrower shall comply with all the provisions =-
<br /> of thc lease. If Borrower acquires fee title to the Property,the leaschotd and[he ree titie shaii not merge unIess Lender ag�ees '�
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<br /> . to dL�merger in writing. �:
<br /> • 7. Pcotection of Lender's Rights in the Property. If Borrower fails to perform the covenanu and agreements �._
<br /> contained in this Security Instrument,or thee+e is a legal proceeding that may significantly affect I.ender�s rights in the ,
<br /> Firperty(such as!t proceeding in bankruptcy,probate,for condemnation or forfeiture or to enforce laws or regulations),then
<br /> I..ender may do and pay for whatever is nececsary to protect the value of the Property and Lender's rights in the Properry. ,
<br /> �-- I.�t:eder's actions may include paying any sums secured by a lien which hati priority over this Security lnstrument,appearing
<br /> in tiouR,paying reasonable attorneys'fees and entering on the Property to make repairti. Although Lender may take action
<br /> under this paragraph 7,L.ender dces not have to do so. - '
<br /> Any amounts disbursed by Lender under this paragraph 7 shall become additional debII of Borrower secured by this
<br /> Security Instrument. Unless Boaower and Lender agree to other terms of payment,these amounts shall bear interest from the
<br /> date of disbursement at the Note rate and shall be payable,with interest,upon notice from Lender to Borrvwer requesting
<br /> payment.
<br /> 8. Mortgage Insurance. 1f L.ender reyuired mortgage insurance as a condition of making the loan secu�ed by this
<br /> �eca��ity Instrument, Borrower shaQ pay the pmmiums reyuired to maintain the mortguge in�urance in effect. If, for any
<br /> reason, the mortgage insurance coverage reyuired b�� l�ender lapses or ceaties to be in effect. Borcower shal! pay the
<br /> prett�3ums required to obtain coverage sub�tantially eyuivaltnt to the mortga�e imurdnce previous(y in effect, ut a cost
<br /> substantially eyuivalent to the coxt to Borrc>wer of the monga�e insurance previously in effect,from un aftemate mongage
<br /> insurer upproved by Lender. If sub�tantially eyuivalent m��nga�e insurance covera€e i.not availabie.B�rrower shall pay to ,
<br /> , Lender each month a sum eyual to one•twrlfth of the yearl}mortgage insurance premium being paid by Borrower when the
<br /> insurance coverage lapsed or ceased to Ik in effect. Lender will acrept,use and retain these payments as a loss reserve in lieu i
<br /> ' of moRgage inwrance. Loss reserve paymems may no lunger be reyuired, at the option of Lender, if moRgage insurance
<br /> coverage(in the amount and for thc period that Lender reyuireti)provided by an intiurer approved bv Lender again becomes
<br /> available and iti obtained.Borrower+hall pay the premium�reyuired to maintain mortguge insurance in et'fect,or to provide a
<br /> lacs reserve,until the reyuirement for mortgage imurance end� in accordance with any written agrrement between Borrower '
<br /> and Lender or applicable law.
<br /> 9. Inspectlon. Lender or its agent may make reasonxble entrieti upon and intip��tionti of the Property. Lender xhall
<br /> give Borrower notice at the time of or prior to an in.prction,p�:ritying reaxc�nable cauxe for the inspection.
<br /> 10. Condemnation. The proceeds of any award or rlaim for damsge+,direct or con+eyuential,in connection with any
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