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<br /> , � �erioda Shat I.�nd�r�quires. The insunnr.,,camicr nresvidie�tl:a in,.urarice�hdl tx ch��tn by�arrc�wer nu3��eet t4 L!n�kr�
<br /> approval which shnll nc�t be unreas�aably withheld. IP Harawer fa�lw tu malntaln caverage descrltyed above�lxn�r"may,�t
<br /> i.en�r's opcian,obtain caverago to pratect I�enderk sigh�w in the Proprny in Accordance with pera�r�ph 7.
<br /> ; Alt ine�ir�u�policie�a�d rencwals eh�ll be accaptable to Lender and shxi!includp a stuidud matts�ge cl�u�e. La�dar
<br /> shall hsve the right to hold tha policies xnd�enewals. If Londcr requfroa,Botrower sh�ll pramptly give to Lcnder,all reFeipte
<br /> of p�Id pr�emiu�ms and nnews�i�wtices. In the event oY 1oss.Borro�er ehail give prompt notice to tik iprunuue curier�axi
<br /> [.,ender. L.ender may mske proof of loss if nat made promptly by Bormwer. •
<br /> Unlc;ys Lcndcr and Bor�ae�er othenvise agrcc in wretin�,insurance proceeda shA31 bc applied to reytoratlan or nepair af
<br /> tho Property dunaged. if tho restoration or c�epair is econam{caUy PEaaible end Leadorb secudty ta aot lex�ened. IP the
<br /> restoradon or repair is not economically fensIble ar Lender`x secucity woutd be leasenal. the ins�t ps�a¢�eGa ehall be�
<br /> applied to tha sums seawrd by this Secur(ry Instrument,whether or not�Iien due,with any cacess psid to Borrowcn If.
<br /> Horrower abandnns the Propetty.or does aot tutswer wIthin 30 days a notico from Lender that the irtsuranc�catrier h�s
<br /> offered ta settle a c(aim,then Lender may collect the insurance proceeds• I.ender may use the procads to npair or reswre
<br /> ti►e Property or to pay sums secured by this Securlty Inatrument,whather or not then due. The 30-day period will begIn when
<br /> tho noflce is given.
<br /> Unlesa L,fnder and l3arrower othenvise sgree in wcitin8,anY applicadon af procads to princtpal shall noi extend or
<br /> postpane the due date of the monthly puymenta nferred to in pera�ruphe 1 end 2 or chenga the emowtt of thc p�ymenis. �f
<br /> under puragruph 22 the Propert�►Is ucqulred by Lender,Hormwer�right to uny insurunce pollcies nnd proceeds resuldng
<br /> from damage to the Pruperty pnor to the acquisidon shall pasa to Lender to the extent af tbe sums secund by this Securtty
<br /> Instn�ment immedjately prlor to the acquisidon.
<br /> 6. Occupancy, Pteservation, 11�inCenance and Pratection of the Pcoperty; Borrower's Loan Appikattoa;
<br /> Lsaseholds. Borrower�hall occupy.establish,end use the Property as Horrower�a prlucipal residence within sixty days afttr
<br /> the executton of this Secudty lnstrument and ehall camirtue to occupy the Pmperty as Borruwrrn prU�cIpal resfdeiue for at
<br /> least one year after the date of occupancy. unless Lender othenvisz ag�ees in wddng, which consent ahall not be
<br /> a, � unreasonably withheld.or unless extenuating cI�+eumstances exist which am beyond Borrower's wntrol. Borrower shall nat
<br /> destroy,damage or fmpair the Property,allow the Property ta deterlorata.or commIt waste on the Property. Borrower shall
<br /> be in default�f any forfeiture action or proceeding,whether c[vil or criminal.is begun that in Lender's good faith judgment
<br /> :=� �`��':�;� could result in t'orfeIture of the Property ar othenvIse materlelly impair the I�en created by this SecurIty Instiument or
<br /> Lender`s securiry interes� Bartower may cure such a default and reinstate,as pmvided in paragraph 18.by cuusIng the acdon
<br /> or proceeding to be dlsmissrd with a niling that,in I.ender's good faith determination.prectudes forfeiture of tha Borrower�s
<br /> inte�st in the Property or other material impaimient of the lien created by this Security Inswment or L.ender's securlty
<br /> �;e`f' intetes� Bornower shuU aiso be in default if Barrower. during the loan applicadon process, �;ava materiaUy false or
<br /> � '-�•-�� �r�r��' inaccurnte informadon or statcmenta to Lender(or f�iled to provide L.ender with miy matedal infotmation)in connectIon w[th
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<br /> ',��.;�::'.•,h�,;�L_. .; the lonn evtdenced by the Note, including. but not limlted to. representations conceming Borrower's occupane;• of the
<br /> "• r `:# � �'raperty�s a prinet�!r?�idpn�- if thi�Security instn�ment is on a leasehold.Barrower shall comply with aU the provisions
<br /> �,,4,, ,•_„�.,�.., af the lease. If Botrower acquires fee tttle to thc Property,the leasehold and the fee dtle shall not merge unless Lertder agrees
<br /> �:J�a:.[�; .w. sa;.:: to the merger in wdting.
<br /> ':' s`"°%'' �• ^ 7. Protection of I.ender's Righte in the Property. If Borrower fails to perform the covenants and agreemonts
<br /> "�'� � ' 'r''�''+ contained in this Secnrity Instrument,or there ls a le�al proceediag that may significnntly affect Lenderh righta ia the
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<br /> Property(such as a proceeding in bankruptcy,probate.for condemnadon or forFeiture or to enforce laws or regulations),then
<br /> ' ;%; . `, ' " Lender may do and puy for whatever is necessary to protect the value of the Property and Lender�rights In the Prope�ty.
<br /> �•�' �� � � '�� I.ender's acdons may include payin�any sums secured by a lien whIch has priority over this Security Insuumen�appearl�ig
<br /> ��'k `"""� '�"'"' in court, paying reasonable anarneys'fees and entedng on the Propecty to make repairs. Althougl�Lender may take acdon
<br /> ��'"r ' '�'' under thls paragraph 7.L.ender daes not have to do so.
<br /> '�"`•"'�' ` ~ """"'" ' Any amounts dlsbursed by Lender under this paragrnph 7 shall become uddiaonal debt of Borrower secured by this
<br /> ':��'������ � "� , i Security Insuvment. Unless Borrower und Lendcr�►gree to oiher terms of payment.these amounts shall bear interest frnm the
<br /> '',�...;_. '. ° : 'a . dete of disbursement at the Note rate and shall be payable,with interest.upon nodce from Lender to Borrower requestin$
<br /> .,�.u., .. . ..• payment.
<br /> ,�•'�, � ,`.� �,'�`� g, Mortgage Insurance. If Lender required mortgage insurance us a condidon of making the loan secured by this
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<br /> . . . „�,,,;� Securiry Insuvment,Horrower shnll pay the pmmiums required to maIntuin the mort�age insurence in etfec� If.for rny
<br /> � reason, the mortgage insurance cavemge required by Lender lapses or ceases to be in cffec� Bonower shall pay the
<br /> � � " pnmtums requ�red to obtain coverege substnntially equfvaient to the mort�age insurance previously !n effect. At a cost
<br /> �.... substantially equivelent to the cost to Botrower of the mortgage insurance previously in effect,from an nitemate mortga�e
<br /> " " insurer appcvved by Lender. ]f substantiully equivalent mortgage insurance covernge is not available,Borrower shall pay to
<br /> �� Lender esuh month o sum equal to one-twelfth of the yeurly mongage inswance premium bcing paid by Borrower when the .,
<br /> ' ",*.� i�urance coverage lapse:d or ceused to be in effect. Lender will accept,use and retain these payments us a loss reserve in Iteu "
<br /> `,"��� af mart�age insurance. Loss reserve payments may no longer be required.ut the option of Lender,if mortgage insurance '»�
<br /> • coverage(in the amount and for the period that Lender requims)provided by an insurer uppmved by Lender a�sin becomes `'��?
<br /> � �,�`. ' available and is obtained.Borrower shall puy the premiums required to maintain mortgage insurnnce in effect,or to provide a V,��
<br /> �n"�"'�� loss reserve, untll the rcquirement for mortgage insurunce ends in accordance with any written agreement between Borrower !=��{
<br /> ,.;;��:. � and Lender or uppllcuble law. }.•�,
<br /> • " 9. Inspection. Lender or its agent may make reusonable enuies upon und inspections of the Property. Lender shall
<br /> give Borrower nodce ut the time of or prior to an inspection specifying reasonable cuuse for ti�e inspection.
<br /> I•'� 10. Condemnatton. The proceeds of any uward or clnim for damages,direct or consequential,in connection with any
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