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<br /> poriads thut Lender rcquires. The in�urence cs►rriee providing the insurancc r�hall be chosen by Borroir Ru ec�o'Lender4�
<br /> epprov�! whl��shall not be uncensonably wbthheld. If Sflrrower fui1R w malntafn cavemge descrlbui abave,Lender m$y,at
<br /> � Lenderk aption.obtufn coverage to proteet l.cnder's rl�ht�in the Property in necordance w[th paragruph 7.
<br /> All insurance pollctea nnd nne��als shall be eccep�table to I.ender und shall inciude n stendard martguge clause. Lenckr
<br /> shnfl have tha r�ght to hold tha policics and nnewule. If t.ender requ3res,Berrbwer shali promptly give to Lender aYl receIpts
<br /> • . of pald premiuma ur+d nnewat notices. in the event of loss.Iiorcuwcr shall gtve prompt notice to the iasurnrtr,e carrier end
<br /> Lender. I.endcr may make proof of losa if not mude promptly by Bormwet.
<br /> Unless Lender amd Borrower othenvise agrae in wdting,insurance prorceds sball be applied to restoratlon or repair oY
<br /> the property damaged, if the restomtlon or rcpnir is economicaliy feasible and LendPr's security ia not lessened. If ihe
<br /> restoration or repair ls nat economically feasible or Lenderls secwity would be les.aened, the insurance ptoceeds shail be
<br /> upptied to the sums securest by thia Security Instrument,whesher or not then due.with any eacess pald to Borrower. If
<br /> Borrower abandona the Froperty,or dces not answer within 30 days a notice from I.ender tbat che msurance«;arder hns
<br /> offercd to seule u claim,then Lender may collect the insurance proceeds• Lend�r may use the proceeds to repatr or resmre
<br /> the Ptopecry or to puy sums secured by thls Securlty Instruinen�whether or not then due. The 30-day perlod aill begIn when
<br /> the nadce is given.
<br /> Unless Lender and Bo�rower otherwise agcee in wrltin$,any appllcation of proceeda to pr3ncipal shall not,extettd or
<br /> postpone the due date of the monthly payments refemed to L►parngraphs i and 2 or chan�e the aznount of the payments, if
<br /> under paragraph 21 the Propert or��the�uisition a1�nUB esa t eTL.e dehtta the extent of the suros secur�by this 5xuri�
<br /> 6rom damage w the PmPeriy Prl �4 P
<br /> Tmsmunent�nmed�ately prior ta the acquisition ,
<br /> � 6. Occupancy. Preaervatlon, Matntenance and Prutecttaa of the Property; Horrower a I.oan Applicatton;
<br /> Leaseholds. Borrower shall accupy.esteblish,and use the i7operty as Horrower's principal residence wlthin siary days after
<br /> the eaecudon of thir�Security Instcument and shall continue to occupy the Property as BorrowerS�principal residena for at
<br /> teast one year after the date of occupancy. unless Lender otherwise agrees in wd�ng, which consent shall not be
<br /> uiueusonubly withhetd.or unless extenuatIng clrcumstances exist which are beyond Borrower's control. Bo Borro er�hnll
<br /> destroy.damage or tmpair the Property,al�ow che Property to detedorau;,or cummit waste on the Property.
<br /> be in default if any farfelture acdon or pmceed�ng,whether civil or crlminnl,in begun that 1n I.ender's good faith judgment
<br /> could resalt in forfeiture of the Piroperty or otherwise mutedully imputr the Iten creuted by this Secudry Insmunent or
<br /> Lender`a secudty intemsG Bofrower may cure such u default and reinstate,a�provided in pumsropfi 18.by cnus[ng tho action
<br /> or ptoceeding to be diFmissed with�nding thµt.in I.rnder i�good fuith determinutton.precludes forfeiture of the Burrower'�
<br /> intercst in tho Property or other material impuirment of the lien creuted by this Security insuument or Lender'x r�ecurity
<br /> interest. Borrower xhull also be in default if Borrower. dudng the lonn a�plicntlon proceF». gav� matedally fnlse or
<br /> innccvruto i►i€vir'fiat#o�a;ota=r�rsst�ta Les:der(ur faIl�d t�prti+vic�!.�nder wIth nny mnter��l infomtation)in cannectlon with
<br /> the laan evtdenced by the Note, including. but not limtted to,reps�esentntior�s conceming Borrowsrt occupuncy of the
<br /> ptopecty ns u principu!residence. lf thla Secur�ty lnstniment Is on a les�ehold,Borrower shall comply wlth all the pmvis{ons
<br /> of the leuse. If Bonbwer acquires fee tidc to the�operty.the leasehold and the fee t(de ahnll not merge unlcss Lender agrees
<br /> to the merger in writing. �
<br /> 7. ProtecEion of I.ender s Rtghts tn the Property. If Borrower fails to perform thc covenanu and agreements
<br /> contained in titts Security Instrumen�or there ia a legal proceEding thnt may significantiy affect I.ender's righta in the
<br /> Peoperty(such as a proceeding�bankruptcy.probate.for wndemnatIon or forfeiture or to enforce laws or regulations).then
<br /> Lender may do und pay for whatever le necessary to protect the value of the Property and Lenderk d�hts in the Property.
<br /> i. Lender�s actions may include paytn�any snms secured by a lien which has prtor�ry over this Secwity Inswment.appearing
<br /> in court�paying reasonable uttomeys'fees and entering on the Propercy to make�epairs.Although Lender may take actIon
<br /> under this parngraph 7.Lender dces not have to do su.
<br /> My amoun�4 disbucsed by Lendcr under this paragraph 7 shall becomc additional debt of Borrower secured by thIs
<br /> Security Instrument Unless Borrower and Lender agree to other terma of paymen�these amounts shall bear interest from the
<br /> date of disbursement at the Note rate and shall be payable.wtth tnteres�upon notice from Lender to Borrower requesting �;:.
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<br /> paymen� '`;:
<br /> 8. Mortgage Insuranoe. If Lender required mortga�e insurance as a condidon of making the loan secuied by this .
<br /> Secur(ty Inshument,Borrower shall pay the premiums reqaired to maintain the mortgage jnsurance in effecG If,for any '��y
<br /> nnson, the mortgage insurance coverage reqwred by Lender lapses or ceases to be in effect. Borrower shaU pay the
<br /> premiums tequited to obtain coverage substantiatly equivalent to the mortgage insurance previously in effect. at a cost �:.
<br /> aubstantiaUy equivelent to the cost to Borrower of the mortgage tnsurnnce prevtously In effect,from an alternate mortgage ,
<br /> insucer appmved by I.ertder. If substandally equi:�alent mortgage insurance coverage js not availnble.Borrower shall pay to ��:;
<br /> Lender each month a sum equnl to one-twclfth of the yearly mortgage insurance premtum being paid by Barrower when the ,t _�
<br /> insurunce rnverage lapsed or ceused to be in effect. Lender witt accep�use and retain thesc payments as a loss reserve in lieu ..,,
<br /> of mortgage insurance. Loss reserve payments may no lon�er be required,at the optIon of I.ender,if mortgege insurance
<br /> coverage(in the amount and for the period thsi Lender requires)provlded by un insurer approved by L.ender again becomes
<br /> available and is obtained.Borrower shall pay the premiums required to maintain mon�a�e insurence in effect,or to provide e
<br /> loss resene.unt[I the requirement for mortgnge insurance ends in accordance with any written agmement between Borrower
<br /> and Lender or applicuble luw.
<br /> 9. Inspectton. i.ender or its ugent muy make reasonuble entries upon and inspecdons of the Prope►ty. Lender shall
<br /> �ive Borrower notice at the time of or prior to an Inspecdon specifying reusonable cnuse for the inspecdon.
<br /> 10. Condemnatton. The proceeds of uny awerd or cluim for damages,dtrect or consequential.In connecrion with uny
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