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<br /> peeiods that Lendet e+e�uires. 't7►F insuranco cartier praviding 1Fr�inSUranc
<br /> e ch�ll be cRosen b Sbtro���r�
<br /> �xnval which�h�il not be unn�sa��ably wlthheld. If Bortower f�Us to maintaln coverage descrilxd stx�ve,�.sndsr may.�t
<br /> � L,ender�optlon.obtaln covara�e to pratect Lender?�d�ht�in the Prope'tty in Aceordence wlth par��rwph 7.
<br /> All insuruice pa1{cIIea ertd renewals she11 he acceptxble W Lender and ehall irteludo a stanclard nt�xtgage cl�use. Lenckr
<br /> eh�U h�vn tha rlght to hold ttte pollales and nenewals. !t Lender requins,Bcxrnwei sh�11�roui�;tiy give to Lender�tl re�eipu
<br /> af psid premiums and cenewu!notices. In ttr event oi loss. Bosrower ahall give prompt notice to the insurence camer and .
<br /> L�ender. Lender may make prcwf uf losa jf nai macio prarnpUy by Bcrouec.
<br /> Unless Lender and HoROwer otherwise agrec in writing,in.surertce proceeds shaU be appHed ta restoration or�palr oP
<br /> the Property damaged.if thc rescoration or repair ia econornically feaslble and L.ender's securtry ie not lesscrxd. If the
<br /> i+estoratiun or rept►ir is not ecanomtcally feuslble or L.ender's security would ba lessened,the insunu�ce proccEds eh�ll be
<br /> applied.to tiic sums secwrd by this 3ecudry InsUUment, whether or not then due. wIth any excess paid to Botrower. If
<br /> Dorrower u6andona tho Property.or does not anawer wlthln 30 days n nodce fcom Lender that the insurartce carrltr has
<br /> offered to setile a cluim,then[.endsr may coUect the insurnnce pmG:eds. 1.ender may use the ploceeds to re air or resto:e
<br /> im
<br /> the Property or to pay sums secured by this 3ecuiity I�atnmSent,vvhether or not then duc. Tiia�U�d�y perlad♦ U begln when
<br /> the notice is given. , . •
<br /> Unlesa Lender and Bonrower othenvise ag�u in wridng,any�applicudan.oT proceeds ia princiFal e1�11 not axtend or
<br /> posqwne the due date oF the monthly�ayments refemed to in psuagaphs 1 and 2 oSr ohnnge the amount af the payments. If
<br /> under pAragvaph�i,th� Praperi}�is acqutred by L.ender.Borrower� dght to any insumuce pollcIes and procetds resuldng
<br /> from damage to We Pm�rty+pnor W the acquisitian shail pass to Lender to the extent of the sums secumd by this 3ecurity
<br /> Iastn�ment immediauly prtor to the acquiatdon.
<br /> fi, (ksen�ancy, Preservatton, Matntenance end Protection ot the Property; Barmwer's 1.onn Applicatton;
<br /> Leaseholda $orrower shell occupy,establish.nnd use the Property as Borrower�s pdncipal res[dence within aixry days nft�r
<br /> the executio�►of thIs Security Inst�ument und shnll continue to occupy the Property ris Borrowerk pdncIpal residence for m
<br /> lenst one yeur ufter tho dnte af accupuncy. unless l.ender ather�ise ngrees in w�tting. which can�ent �+Aull rtat bo
<br /> unrensunubly withheld,or unlex.ti extenuating circumxtancex exir:t which aro ixsynnd Bomo�+er�+cnntrol. Bamnwer xhutl n��t
<br /> devtcoc9y.damnqc or impuir the Praperry.nllaw thc Pmperty to dctcdorata,ar cammit wagte on thc Prapeny. 8��rrawcr tihnll
<br /> be in dcfault if any farfciturc ucticm ur prcxecdfnp�,whcthcr clvil or rdminul,ix begun thut In l.enacrk��xd fiiilh Judgmcnt
<br /> could rexult in fudeiturc af�ho Pcaperty ur i�thcrwlno mi�tedully impnlr �hc Iicn created by thix Secarity In�trumcnt or
<br /> Lcndcrk xccurity intcrcFt. 8armwer muy curc huch 7 defnult i�nd rcinhtate,us providcd In pnmgruph i ti,by a►using thc actian
<br /> ur procccding t�i bo dixminxed wttl��►ruling that,in I.enderk ga�d fnith dctcm�inutfon,pmcludes forfciturc of the snrrawcr`x
<br /> intere�t in the Property or athcr matcrial impAfrment uf ttic Iicn creuted by thix Security lnstcument or[.ender�xccurity
<br /> In�ercwt. Borrower Rhnll ulso be in default if Botrower, during the loun uppltcstdon process, gave mnterially fulse ar
<br /> inaccurate informution or etutement�to l.ender(or failed to pmvide Lender with uny muterlal tnformatlon)in connection with
<br /> t�ri t�an evlde�c�dt�, thc rlotc. includlag. !wt s:ot 4lmises!tQ.regre�etttstlena concrrnin� Borrawer'�accupncicy of the
<br /> Properry as a principul residence. If thiR Securiry Instrument is on a leasehold,Borrower Fhall comply with ull the pmvistons
<br /> of the lease. If Borrower acquires fec tltle ta the Property.the leasehold�nd the fec tltle shall not merge unleas Lender agrees
<br /> to the merger irt writing.
<br /> 7. ProteMion of Lender's Rights tn the Property. If Borrower fails to perFomi the covenants and agreements
<br /> contnined in this Securtry Instrument. or there is a legal proceeding that may si�ificuntly affect Lender�s rights in the
<br /> Property(such es a proceedlrtg in bankruptcy.probate.for condemnation or forfeiture or to enforce laws or regulstlons).then
<br /> Lender may do and pay for whatever is necessary to pmtect the value of the Property and Lender�s rights in the Property.
<br /> r• Lender's acdons may include paying any sums secured by a lien which has prioriry over this Security Instrument,uppearing , _
<br /> in court.payin�reusonable attorneys'�ees and entering on the Property to make repairs.Although Lender may take action
<br /> under this paragraph 7,Lender dces not have to do so. �
<br /> �, Any emounts disbursed by Lender under this paragraph 7 shall become addlttonal debt of Borrower secumd by this ''Q`'?:
<br /> Securiry TnstrumenG Unless Borrower and Lender ngree to other tecros of payment,these amounts shall bear intemst from the �.
<br /> date of disbucsement at the Note rnte and shall he payable. with interest.upon notice from Lender to Borrower requesting ���
<br /> • "� payment.
<br /> 8. Mortgage Insurance. If Lender requlred mortgage insurance as a conditton af making the loan secured by this
<br /> Securiry Insuument,Bonower shall pay the premiums require�to maintain the mortgsge insurance in effecG If,for uny
<br /> neason, the mortgage insurance coverage required by Lender lapses or ceases to be in effect. Borrower shall pay the
<br /> , .•:;x.v,,.,_ premiums required tu obtain coverage substnntially equivalent ro the mortguge insurance previously [n effect. ut u cost
<br /> �:.i�""�„::'::: substanttally equivalent to the cost to Borrower of the mortgage insutance previously in effect,from nn aitemate mortgu$e
<br /> ;�r=a=�'n;;;i�;:�:� ins�rer approved by Lender. If substantialiy equivalent mortga�e insunutce coverage is not uvnilnble,Borrower shall pay ro
<br /> `*�''""t�' L.endet each month a sum equal to one-twelfth of the yearly mo�tga�e insurance premium being paid by Borcower when the
<br /> �:"y.�;;;: insurance coverage lapsed or ceased to be in effece. Lender will accept,use und retnin these puyments as a tass reserve in lieu
<br /> •�,y:�;;;ti�. : .� of mortgage insurance. Loss reserve payments mny no longer be required,at the option of Lender,if mort�uge insurnnce �'��.�
<br /> " coverage(in the amount and for the penod that Lender tequires)provided by an insumr approved by Lender again becomes
<br /> ,���T=�;:' ��•'.- available and is obtained.Borrower shall puy the premiums required to muintain mortga�e insursnce in effect.or to provide a
<br /> .'�/�-_�=�-��•=` loss reserve,until the requirement for mortgage insurance ends in accordance with any written agreement between Borrower
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<br /> �._: ; • .: • und Gender or applicable law.
<br /> �--=�<;-�'_.'•; : 9. Inspection. Lender or its agent muy make re:�sonable entries upon and inspe�tions of the Property. Lender shall
<br /> ;;':'����:`.,;. �ive Botrower notice ut the time of or prior to un inspectton tipecifying mnsonable cause for the inspection.
<br /> ;��:. ' � .; 10. Condemnadun. The proceeds of any uward or clraim for damages,direct ar conxequential,in connection with nny
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