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<br /> perl�ds tLut Lcnder rcquires. The In.vurar►ce c�triet prrrvitiing the insursncc shaU bc.cho9�t�by Boaowcr subjcct to udet�
<br /> � appravN whtch shall not be unm,�sonably wlthheld !f Bmmwer fnils to ma�ntain coverage descdbcd above,i.ender may,sY
<br /> i Lender'h oFtlon,obtaln covecagc to protect I.endar�r�ghta in the Property in uccardnnca w[th�arugraph 7.
<br /> i Aq tnsurance�icies und tenewels shall be acccptublc to Lsnder and shull include a standard mortgago clause. Lender
<br /> � shall have the right to hold the pollcies und t�enewals. If Lender rer�ulrea.Borrower aha;i psv�mptly gice to Lender aU receipts
<br /> I of paid pnmiums and renawal notices. In the event of losa,Borrower shall givc pmmpt nodco td the tnsurance�rrIer and
<br /> Lendor. I.ender may muke prouf of loss if not mada prompdy by Borrower.
<br /> Unlcas 1.ender end Hom►wer othenvise agrGe in writing,insurance proceeds shall be upplied to reaWrallon or�epair of
<br /> the Property damaged. if the restoradon or repair is econamically feasible and Lender's security ia nat leaseqed if the
<br /> restoratlon ur repair is noi economicaUy feasible or Ixnder's security would be lessened.th�insw�ance proseeds shali be:
<br /> upplied to the sums secured by th9s Securiry Inshument, whether or not then due, with any exceas paid to Boirower. Jf
<br /> Borrower abandons the Property, or does not anawer within 30 days a notice from l.ender that the iasurance cacrier hes
<br /> offered to seule a claim,then I.ender may copect the tasurance pracceds. Lender may use the proceeds to repair or mstore
<br /> the Property or to pay sums sec;ured by thla Security Instrument,whether or not then due.The 30ttay period wjll begin when
<br /> tke nodce is given.
<br /> Unless I.ender und Borrower otherwise egree in wrItitt�,any applIcalion of proceedy to principal shall not extend or
<br /> postpone the due date of the monthly payments referned to in para�raphs 1 and 2 or cbange the amuunt of the payments. If
<br /> under paragraph 21 the Property is acquired by Lender, Borrower�dght to any insurance policies and pr+oceeds cesulting
<br /> from daraage to the Properry prlor to the acqulsItion shall pass to I.ender to the extent of the sams s�cured by thia Securlty
<br /> � Instrument immediately prlor to the acquIsidon.
<br /> 6. U►ccup�acy� Preservation, Maintenance anci Prote�Kton of the Prope.rty; Borrower'� Loan Appl[cation;
<br /> I.t�tlwldn. Borrower shull occupy,establigh,and ase the Pc+npecty as Borrotyer�s princ3pal resIdence�vithin sixty days after
<br /> the execallon of this Securlty Instrument and shall continuo to occupy the Propeaty as Boimwer's principul restdence for at
<br /> least one year after the date of accupancy, unless Lender otherwlse a�naes in wrlting. which consent sha11 not be
<br /> ; ;�, . �.';�.��,. unmasonably wIthheld,or unless extenuatln�circumstances exist whtch are beyond Borrower's control. Borrower shxll not
<br /> " � destroy.damage or Impair the Ptoperty,allaw the Property to deteriorate.or cammit waste on the Property. Borrower shdl
<br /> ��:•�: � be in default if sny forfeitu�e acdon or proceeding,whether civii or crlminal.is begun thai fa Lendar's good faIth judgment
<br /> � could result in forfeiture of the Property or othenvfse mnterially impair the Iten cmated by this Security Insdument or
<br /> I Lender's secudry Interest. Borrower may cure such a default and reinstate,as provided�n paragrnph 18.by causing the acdon
<br /> or proceedin�to be dismissed with a rulirig that,in Lender's good faith detecmination,ptecludes forfeIture of the Borrower�s
<br /> r r .,;,�,.',>��. • intereat u►the Pmperty or other material impatrment of the lien created by this Security Insaument or Lender!s security
<br /> i'�'�`����'• . interesG Bomower shall also be in default if Borrower, durin the loan a Iicatlon rocess, ave materiall false or
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<br /> �,���>.�=•- ,�4.�', inaccurate lnformatlon or statements to Lenderlor fa�led to provide L.ender with any matedal information)In connection wlth
<br /> .,; •,y;t•�'�.�<r.�,� . the loan evidenced by the Note, inclading, but not Ilmited to, representations conseming Borrower's occupcutcy of the
<br /> � ,,., ; ,,r�:;,�� Property as a principal residence. If this Securiry dnsavment is on a Ieacehoid.Borrower sha8 comply with ati the provisions
<br /> �`�3,��� _��-•,�r,�,t of the leasc. If Borrower acquir�fee title to the Property.the leaschold and the fee Ktle shall not merge unless I.ender agrees
<br /> `'`•"�. '.• �: ,s�, to the merger in writin
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<br /> �.�'��• '' � -'�`� 7. ProteMton of I.eeder's Righta in the Property. If Borrower fails ta pedorm the covenants and agreements
<br /> �`� � � contained in thfs Securiry Instrument. or there is a legal proceedtng that may significantly affect Lsnder+s rights in the �.ly�tr
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<br /> -`"�`��� � t Property(such es a proceeding in bankruptcy.probate.for condemnadon or forfeiture or to enforce luws or regulutions),then ?��'
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<br /> '�r�••• .. . • ... Lender may do and pay for whatever ia necessary to protect the vatue of the PropeRy and Lender�s cights in the Property.
<br /> ��n�.,,4;,:.`��.,,:e;,.� L.ender's actions may include payfng any sums secur�ed by a lien which has priorIty over thia Security Insuumen�appearing ��;�,�:
<br /> ,�,r..,. ,�.',. ; , . in Court,paying reasonable attomeys'fees and entering on the Property to muke repairs.Althou�h Lender may take actlon .,
<br /> ,,,�:,,;�.�,.�,;,v • under this paragrnph 7,Lender does not have to do so. 't�
<br /> •�� :;�.,... „•�-.�- My amounts disbucsed by Lender under thls paragraph 7 shall become addidonal debt of Borrower secuted by t�ls „•: Q
<br /> ���;_2�;�.;��. Security InsmimenG Unless Borrower and I.ender agree to other terms of pnyrnent.these tunounu shall bear interest from the ,;� •
<br /> +'�%-'r,�'r '�'�n�r.^�' date of disburssment at the Note rate and shall be payable,wIth interest.upon notice frorn Lender to Borrower requestins fi '
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<br /> �t,�ev; .... payment ,.
<br /> '���..�•�r�-;•� S. Mortgage Ynsuranee. If Lender�equired mortgage insurance as a condition of making the loan secured by this '.
<br /> }+�;�t;•..*�;�A�:.. Securlry Inswment. Borrower ahall pay the premiums required to maintain the mortgage insurance in effecG If,for any �: � •
<br /> �,;:,�_�t,,. • •,;;,. � reason. the mortgage insurance coveruse required by I.ender lapses or ceases to be in effect. Borrower shall pay the
<br /> �;;,:-�- . '��: pr�emiums required to obWn wverage substantially equivalent to the mortgage insurance previously in effect,at a cost
<br /> �' �'''� ,` snbstenually equivalent to the cost to Borrower of the niortga�e iasurance previously in effect,from an altemute mortgage
<br /> - :". insu�er approved by Lender. If subxtuntially equivulent mortgage insurance covernge is not availttble,Bnrrower shall pay to
<br /> W�,'�• � . Lender each month a sum equal to one-twelfth of the yenrly mortga�e insurance premium being paid by Borrower when the
<br /> insurance coverage lapsed or ceused to be in effect. Lender will uccept,use and retuin the.se payments as a loss reserve in lieu
<br /> • of mortgage insurance. Loss reserve pnyments muy no longer be i�equirod, ut the uption of Lender,ff mortgage insurance
<br /> �::k;;,;` -� � coverage(in the amount and for the period that Lender requires>provided by an insurer approved by Lender again becomes
<br /> avaituble and is obtained.Bonrower shall puy the premiums required to muintain mort�uge insurance in effcct,or to provide a "
<br /> ' loss reserve.untll the requlrement for mortgage insurunce ends in uccordance with a��y written ugreement between Borrower
<br /> � <� �� and Lender or applicable taw.
<br /> �y�"- � t , ' . 9. Inspectlon. l,ender or its a�ent may make reasonable entr[es upon and inspecdons of the Property. Lender shall �
<br /> �ive Bortower aodce at t he dtne o f or p r Ior to an inspection specifying m.usonable cause for the inspection.
<br /> � �,' 10. Candemnation. 'Ihe proceeds of uny award or cluim for damages.direct or consequential,in connectton with any �
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