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<br /> prricxtn th�t lxnder roquirce. 'fbe in+v,rarke ca�rier prcwiding�hr insur�r shrll 1�c!h�acn by Nurnrwcr.vrbjert w L.crulr:ic
<br /> apQrovrl which atWl nat be unrcr.onrMy w•ithfhrid. ff Borrower��Ile�u mrin��in cove�r�e drscribni�etx�tie.I.CIkIlI'hl�y,�►t
<br /> Lenderk opcion,oblain cuveraie to prt+kxt I.ei+dsr�s ri�hts in the Prupeny in+ao�danc�w�w Pwtr�pF��•
<br /> All ineururce policies uKi rcnew�►ly xhr111x ncceptsble to lxnder and shall ieclude+�x�ndard nxxtsage clau�r. l.ender
<br /> _ slMll h�ve d�e d�ht to hold the pdicies and renewals. 1f Lender royuires,Eicurower�hnll prnmP��Y live�u Lender alf rxeipts
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<br /> ef paid pamium+,u�ct rrnevual n�xia�. In�he event of I�+w�,8orrmver ahall give prompt oaice to the insurnce carri�r a�d
<br /> �.etwcr. i.awx�nu�y nirw��nwi v:{v..if:u,i�.....:.,j..u���j.12�t��.C:t'G:•.r.:.
<br /> Unku f.er�der snd&xrower otherwix a�cee in writing.insuru�ce proreeds xhall be applivd�o►rstoratiow cx repa�r of
<br /> thr Pmperty damM�ed, iP Ihe rcst�x+ui�x�ur rapei�is xcx�omically fKx►ibk and Lernier� +ecurity is ncu lesse►xd. If tbe
<br /> t�ettantion o�r rcpair is rxN ec�xu►mically fexribk w Lendcrl security wcwld be kssenai.the 3nwriu�ce proceeds shall tie
<br /> a{�plied tn the wms sccured by this Sccurity Inxtrument,vvhethn or nat thrn duc,with s+ny excess pald ta Born�er. If
<br /> &xmwer abr�xk�nti the Property.�x dcxs iwt an,wer wi�hin 30 dayti a�wtice from Lerxier that the insuranc.�e c+rrier haa
<br /> offercd tc►sepk�claim,then Le�xkr may cUltect the insunux:e procreds. Lrnder m�y use tha proceeds to rcpxir or iestnre
<br /> �"�y-° the Pmpeny a•to�ry sums secuml by tihic Sci:uii�y luauuntent,whathcr or r�t Ihrn duc. The 30-dny period will begin whtn
<br /> Q�e�atice is givrn.
<br /> Unless Ltr►der bnd Rorrower utherwise agree in writing,any applicalion of procecds to principal shstl not cxtend�x
<br /> pmtpcx�e�he due date oi�he mc►nthly payments cefrrred to in pamgrrphe 1 :ux12 or changc�he amount af the paymen4ti. If
<br /> under puagruph 21 the PrupeAy is acyuircd hy LcrKler,Botrower� right to:u�y in�uratece palicies:ux1 procctds rtwUing
<br /> fnxn damage[o the I'mperty prior to the scyuisition shall pass tu Lender to t►x extent uf rhe sums secureri by this Security
<br /> — Instrument immcdiately�ricx to the acquisitiai.
<br /> _ b. Occupancv. Preserv�tinn, Maintenance anA Pratection ot the Property; Bu+'rnwer'x [.oan Appdcation; —
<br /> LesseUo{ds. Borrow•er�h�tl occupy,etitablish,and use the E'a�prriy as Borrowcr�pnrxipal recidence within sixry aays af�er
<br /> the eze¢ution of this Security Instrument and shall continue to oceupy ttse Propeny:is&�rrow'er's principal residence far at
<br /> lenst one year atier the date of cecupaix:y, tm[ess Lender oAherwise �g�w in wriiiiig, which con�ent shall na be
<br /> unreacAnxbly withheW,or unless extenuating cinumst:mees ex�st which am bey�nd Burro��;r�control. Burmwer sfiall not
<br /> destmy.damagt or impuir the Property,�llow ttrc I'ropeny to detcritxate.or commit watite m the Rape�ty. Bortuwer shall
<br /> be in default if any forfciturt action or prceeeding,whether civil or crimittal,is begun that in i.ender's goal faith judgilv:x�t
<br /> could t+esult in forfeiWir of the ProFeriy or otherwise materially impair the lien rrcated by this Securiry Imtrurt�►t vr
<br /> ,- l.ender�xcurity intertst. Borrower may cure such a drfault a��d reinstate.uti provided in par.�graph 18,by causing the action
<br /> or pccx:eeding to 6e di�.missed with a nding that,in Lender i good faith deterntination,precludes forfeiturt:of the Sorrow'es�
<br /> intenst in the Pr�erty ar other material impaimxnt of the lien created by this Secunty Instrument ar Ix�der's Security
<br /> interest. Bortower shall alu bc in default ii Borrow•er. during thc loan ap�lication proccss, g.���e matcrially falsc or
<br /> inxcurate infortnation or�tatcments to Lee►der(or failed to provide Lcnder with any material informaciixi)in conn,tction with
<br /> �,� i�z �;._.±�� �� t� N�tr� uu_ltt�linwo, lutt nn� limited to.rcnresentations concemin� BurroKrr's occupancy of'ttw
<br /> Pcopcny a�a principal residence. If tl�is Security Inswment is on a leauhald,Borrower�hall camply with all ttie provisions
<br /> of the lease. If Bwnower�cquires fee titte to thc Property,the Ieuschnld and Ihe fce titte�hall not mcrge unless Lcnder agrees
<br /> to the merger in writing.
<br /> 7, Protcction of Lender's Rights in the Propert}: If Borrou�cr fail:; ta perforn►thc coven3nts ana agreemenu
<br /> contaiiu.� in this Security Insuument,or therc is a legal prcxti°eding that may significantly affect Lender's rights in the
<br /> Prqxrtg•lsuch as a proceeding in bankruptcy,probate,far rond�mnation or forfeitun:or to enforce laws or r;culatiam?,th�:n
<br /> Lencler rmay do and pay for whateti•er is necessuy to protcct the value of the Property and Lender's rights in the ►'n*�rzy.
<br /> i�l Lender's xdons may include paying any tium�securcd by a lien which h:Gti priority over this Securit��Instrumen�appeari�g
<br /> in court,paying reason�ble attomeys'fees and entering on the Property to make rcpair.:. Although Lender may take action
<br /> undcr this paragraph?.Lender does not have to do�o.
<br /> Any amounu disbursed by Lcnder under this paragraph 7 shall become additiona! debt of Borrou•er secured by thi5
<br /> Sccurity Instrument. Unless Burrowcr and Lender agrec to other tcrtns of payment,thc�c amounGt sh:dl be:u intercst from thc
<br /> date of disbursement nt ihe Notc rate and shall bc payable,w•ith interest,upon notice from Lender to Brnrower rcqucs[ing
<br /> payment.
<br /> Q'� S. Mort�;age Insurance. If[.cndcr reyuircd moagagc inw!:u►ce ati,1 condition of making thc loan securcd by this
<br /> �. Sccurity lnstrument,Borrower shall pay the premium�required to niaintain the mortgagc insurance in effect. If,for any
<br /> M(iSOtl. the martgage insurance coverage ncyuircd by L.ender lapse+ or ceases to be in effect, Borrower �hall pay the
<br /> �,. premiacr�s mqnircd to abtain coverage substantially equivalent to the mongage intiurance previoully in effect, at a enst
<br /> sulxtanually r.quiv:ilent to the cost to Borrower of the moilgage ins�r.mra pmvinusly in e(fect,from an altemate mon�;i€e
<br /> insurer upproved by Lcnder. If substantially equivalent mortgage imur.�ncc�ua�.;rage is not availablc,Borrou�er shal!pay to
<br /> Lender each month a sum equal to one-twclfth of the ycaziy mortgage in,ura�ace premium being paid by�F.3orrower when the
<br /> --w� insurance coverage lapsed or eeased to be in eCfect. Lender will accept,u�e ancl►.tain the:�e payments as a loss rescrve in lieu
<br /> — —,;:y---- of mortgage insurance. Less mserue �ayment�s may no langer be mquired,at the option of Lender,if mongage insurance
<br /> ��;f'; coverage(in the amounz and for:h:;�eiod that Lender myuim�:)provided by an insumr appn�veJ by 1_ender agai�becomes �
<br /> available and is obtained.Bvtta�vYr shull p:ry the pmmiumti reyuired to maintain mortgage insumnce in effect,or to provide a
<br /> loss reserve.until the rcqui�ment for mortgage i�sun�cice ends in accordance�vith any�vritten agreement betwer.n Borrower
<br /> and Lcndcr or•►pplica�ie law.
<br /> � ' SD. [nspection. Lender ar itti agcnt may rnake m:�,onable cntries upon:-+d inspections of the Pcuperty_ Lcnder shall
<br /> r:�}, givc Sorrower noticc at thc tirr.z a+f�-priur to an inspection;ee��`fying reason:�ble rausc for the inspcction.
<br /> V�,�': I,(a, C o n d e mn a tion. 7t�paoee:ds of an y award or cl<^.ir..'cr damages,direct or conse�iuential,in connection u;�h:ny
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