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periods ihet Lrncb.�rcquims. 'Itre innurarxr c:uricr�x�widing ihe in+urnnl:a+hal1 t�c ctx►x��Hixrx��w�e�.0 � Gc�xkrk
<br /> appnivd which shrl!na ba unrc�sebly wittJ�ld. If Rorn�uver frils to nuinta+n cc�vcn�e descriMal rtwve.l,axk�mry,a�
<br /> L,end�orY option,abt�in covenae ta p�otect L.endcr'.�r.khts in the Praperty'sn acc«da�ra wi�h p�raqr�h 7.
<br /> All i�sura�r_e policfer and rcnevrali.rFu►fl he uaeptabk�a L.enekr�nd shall i�x�7u�k a titnncfud rtNxt�agt r.lsu+e. t.ender
<br /> �!1 h�ve drc ri�t ta hold the polici�x+rnd irnewal�, Et Lenckr roquirca,Sorrower shall prurnp�ly Qive to l.n�bcr dl roceipq
<br /> of paid prcmiumr and renGw�l notii:e+. In thc evenl��f lu+s,H�nmwrr+hall give pnKnpt n�KC tn thr insunnce cauTirr rnd
<br /> �.c�noer. t.enaer may maim procx ut ic�s i�nut maur pr�nn}niy Uy Eiuuuwc�. -
<br /> Unlexs L.eader and BaTOwer otherwi�e ogree irt writing,insunu►ce prnceeeJJr Yiu►11�x applied tn rcstex�tion ar�pair of
<br /> tBe Prof+erty damygM, it thr rc�staration nr rc�ir ic rccwxxnically feasible ;uxf l.ret�M•ri se�ud�y ir not lexce►xc1, lf tfie �
<br /> re9toc�tiao or rcpur ix nat eca�omically fauiblr ar l.ctxler:re�:urity wu�:ld!x Ie,.enaJ,thc in�uruK:e praad;shall be
<br /> applkd to the sums.reicumi by this Se�:urity Ins�roment, wheihcr ur nnt thrn due,with uny excexs pYid to&xmwer. If
<br /> &xrower absnd�arts the i'n►petty,or Jurs txx anzwr�within 30 day� a nutice fnrm Ixncler/h�t IFx insurance carcier hx;
<br /> uffered to settle a claim,then Ixnder may�Y�Iln:t the in,urannce pn�ceeds. L.erxier may utie thr pnxacl+to rcpxir ix rr�tcxe
<br /> tht Property or tu pay sums utiured by th�s tiecurity In+trument,whether or tx�t then duc. Thc 3t1-day periixl well bcgii�w1�r�t
<br /> the rwtict is given.
<br /> Unlest Lender end Borrower otherwisa ag,ee�in wriling,�ny application of pn�cced,to princi}wl�hall nc�t axtend or
<br /> pat�x►ne the due dxte of tF►e monthly paymzn�ti rcferra:d to inµ.ragraptiv 1 and 2 ur change th�:unount of thc payrtents. If
<br /> unJer p�ragraph 21 tht P��operty i� acyuired by Len�r,Burrowcrs nght to any insurancc�licies;uxi p�Ykeed,rc,ulting
<br /> from d�mage to the F'rupeay priur tu the acyu'taition tih�ll pass to L.ender to the extrnt af tix xums secured by thiY Sacuii�y
<br /> Instrutncnt immediately prior to the scywsition_
<br /> F, �lr.,w�.Ky, i'rew�rvn!.lon, Mainter�ance s�nd Prutection ut the Pmpertv: Ror'rower's I.aaa Applicatianr
<br /> L,eA.9ehoitl.� Bomawcr sh�ill occupy,establish,and utie the Property as Bocroweri principa�rcsidence within sixty dnys after
<br /> the exceution of this Stcurity Instniment:+nd shu�l continue to occupy tlte Property as Bortower.principal rcsidence for at
<br /> leatit one ye�r after the date of occupancy, unless Lender osherwise agrces in wriling, which consent shap nut be
<br /> unrcas�x►ably withheld,or unless extenua►ing cirr.umtita�ices exist which are tx:yond Borrot�•cr's cuntml. 8oaower sh�tl not
<br /> dcttmy,da�nagc or impair the Properiy,allow tl�e Propeny to detcriorate,ar cammit waste on the f'ropeRy. Borrower�h•rll
<br /> be in default if any forfcitum actiun or proceeding,whether civil ar criminal,is bcgun that in l.cnder!�good faith judgment
<br /> could resuft in fortciture of the Property or otherwisc materially impaer the lien coeated by th!s Security Insdument or
<br /> I.rnder.l•�ecurity intemst. Borrawee may cuce wuch a default and reinstaie,�s providecl in p:uagraph IR,by causing the action
<br /> or proceeding to bc dismisscd with a ruling that,in Lcnder's good faith determination,precludes forfciture of the$orrower s
<br /> in[ereyt in tha Froperty or other material imp:urment of the licn created by this Security Inswment o�Lender's tiecurity
<br /> interes� Borrower sha11 also be in dcfault if Borrower, durin� the loan applicatiun pmce�s, �ave materially falsc or —
<br /> inaccuratc information or statements to Lender(or failed t�provide Lender with any material infortnation)in connecuon with
<br /> U�c ='vai� �FiuCuCi3 vf S�i�, i:Gi��iiit�iSL�iR�.�:5: ii.^.: �fiT:=l� Sfl, S�'�.`SQ.`.°..S2I32:L':L CL'['_r�inino Rnrrr►wrrc �x•�•�ttY.1RCV nf t�lC ,
<br /> Fruperty as u principal residenee. If this Sccurity Instcument is on a Ieasehold,Borrower shall comply with all the provisions
<br /> of the lea�e. If B�rrower acquircs fee tidc to the Propirty,the leatiehold and thc fce title tihall not mcrge.unless L�:nder agrecs
<br /> to the mergu-in�rvriang.
<br /> 7. Prottct;oa of Lender's Rights in the Property. If Barrower fails to perfornt the covcncmts and agreements —
<br /> cuntained in this Security Instrument,ur there is a fcga� proceeding that may significantly affcct Lenderti rights in the
<br /> Rc+petty(such as a proceeding in ba�iluuptey,prubate,for condemnatinn or forfeitum or to enforce laws or regul:►tions),then
<br /> Lender may do and pay for whatever is necessary to protcct the value of the Pruperty and Lend�r�rights in the Property.
<br /> Lender�:ictions may include payinb uny tiums secuc�ed by a lien which has priority over this Security Instrument,appearing
<br /> in court, paying rcasonable anomcys'fecs und entcring on Qic Propeny to makc rcpain. Although Lencter may take action
<br /> under this paragr.eph 7,Lender dces not have to do so.
<br /> Any amounts disbu�ed by L.rndcr undcr u�is para���ph 7 shall beramc additional dcbx of Borrower securui by this
<br /> 5ecuriry Instroment. Unless Bormwer and LcuJcr agrcc to�ather tcrms of payment,dicsc amounts shaU txar intcrcst from the
<br /> datc of disbursemcnt at the Note r.�tc:u�d shall be payable,with intennst,upon noticc from Lcnder to Borrowcr mqucsting
<br /> paymenG
<br /> S. Morty,age Lnsuraitee. If l.ender reyuireJ mortgagc insur:u�ce as a conditio�r uf mcilcing the loan�.:cured by thi.r•
<br /> Security Instrument, Borrower tihal) pay ihe prrmiums rcyuircd to muintain the mortgage inwrance in cffcct. [t; for:u►y
<br /> rcasnn, ttx mongage insurance cover.egc rcquimd hy Lcnder lapscs or ceatics to tx in cffcct, I�arro�vcr shall pay the
<br /> prcmiums required to obtnin cuver.�ge sub�iantially equivalent to the mortgage insar.u�ce pmviously in effect,at a cost
<br /> substanti:►lly cyuiva!ent to the cost to Borrower of thc mortgage insurancc prcviously in effec�,From an ultcmate rreodgagc
<br /> ir►surer approvcd by l.cndce If�ubstantially cquivalcnt mortgasc insurancc covcr.tge is not availabie.Bortowcr shall pay ro
<br /> I.endcr cach month a sum equ11 to onc-twcl(th of thc yearly mortgagc imurance prcmium Ixing paid by Borrowcr when the
<br /> insur.►nce coverage lapsed or cea.ud to be in et'f�ct. Lender will accept,use aind retain these p�yments ns a loss re:;erve in lieu _
<br /> ot mort�agc insurancc. Lass rescrve paymcnt, m�y no longcr bc rcyuircd,nt thc option of Lcndcr, if mortgagc intiwancc �'
<br /> cavcnge (in thc amount and for the perial that Lendcr rcyuims)provided by an ensurcr approved by Lendcr again bccomes "_
<br /> available:md it obtuined.Borrower shall pay the prcmiums rcquir�cd to maintain mortgage insurance in effect,or to providc a �_.
<br /> loss rescrve,antil the rcquiremcnt for mort�agc insuruncc ends in arcordancc�vith any writtcn agrecment betwcen Borro�ver _
<br /> and Lendcr ar agplicahle luw. -_
<br /> 9. Inspection. Lrndcr or its agent snay make reasonablc cntrics upon and inspertions of the�raperty. Lendcr tihall _
<br /> sive Sorrow�r noticc at the time of or prior to cin insp�:ction specifying nasonable cause for the inspection. _
<br /> 1l1. CwademnYtion. The pcoc:eeds of any award or daim for damages,direct or consequential,in connection�vith:►ny =-
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