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<br /> - perials that Lcndcr re��ul�cv, '1'lic in,uraaxc r,nricr providing�hc insuraucc nNu(t Ix ch��un hy[lorrowcr�uH�ct tu[,xrxkr:
<br /> nppmvnl which shall not lk.uitt�:;�runahly willil►clel. lf I�orrowcr f'ailw tn maintain cuveaagc dc7critksl n�n�u,�.endrr�nuy,at
<br /> l.ender�1►ptim�,ubtuin coverage t��pmtect Lender y rights in tho f'n�perly in accardance wish�wragrWph 7.
<br /> '° All imsurancc palicics cntd renc�v;+ls tih:.d1 f�c acccptubla tu Lcrulcr noid shall i�ulG�dc n standard tnongAge clau�r.. I.endr�
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<br /> shail havc thc rigist to hotd thc Fwiicics nnd renvwcds, fi�[.cudcr rrNuht+,63ui•ruwCrs r,+7 pru�ct�N y giva w Ixiiuri u� �e�eq;�� '-
<br /> uf paid prc�niumti nnd renewnl nod�cs, In Ihe event oP losy, Horre�wer shall give}�rompt nodce tn the inxuru�ce caRior and
<br /> �yr�� Lendcr. fi.ender m�y mak�proof of loss if r.c�t nmdc promptly by�arrowcr.
<br /> Unless l.ender u�td Aurrov�er othcn.is:;.ngree in wridng.insurancc proceeds shnll bc�pplicd 10 rcstoration or rcpulr vf
<br /> the Propeny damngcd, if the rcstamtium ar rcpnir is cconomically fcasiUlc nnd Lendrt� security is not I�ssened. If�I►�e
<br /> restoration or rcpafr is not economicnl�y feasible ar I.,enderS security wauld be lessened, the insura►xe pnxce�l��sh}ill Ix
<br /> opplica co thc sums secur�ed by this Security Instrument,wheth�r or not dticn ctue, with any excess paid to Dorrower. 1f
<br /> `--`--° Borrower nbandons the 1'roperty, ur d��s not answcr within 30 days �noticc from I..cnder thn�the insurance carrier hs►s
<br /> � offe�d to settle s�clafm,then Lender may collect the ii�surnnee procecds. Lender may use it�e pracesds to repair�r re�stpro
<br /> ___ the Propeny or to pay sums secured by this Sccurity Instrument,whcther or not thcn due. 7'he 30-d�iy perial will begin whsn
<br /> die notice is given.
<br /> Unless Lender cuid Borta�vcr othenvisc agree in writing,any upplic:►tion ef pnocecds to principal shaU e�ot extend or
<br /> postpone thc duc date uf thc monthly paymenGs referred to in panisraphs 1 :u�d 2 or change�he amount of thc payments. Ef
<br /> unJr.r paragraph 21 the Pronerty is acquired by Lender.Borrower's• rigi�t to i�ny insuryice policies nnd proceeds rasulting
<br /> _ - from d�ma�e tn the Pmperty prior m ihe ncquisiuon shall pass to Lender to the extent of thc sums sec;ured hy�his Security
<br />.-�,;� � [nstrument immediately pnor to the acyuisition.
<br /> - 6. Occupancy, Preservallon, Maintenance and Pro3ectlon of the Property; Borrorrer's Luan Ap�licAtton;
<br /> -'_-- I.easeho[ds. f3orrower shall occupy,establish.and use the Praperty ns BorroXer's•principal residence within sixiv days nRer
<br /> ---°""°'r""""`� the exccution vf[his Securiri Instrument and sliall continue to cecupy the Fropeny as Borrower�s principal t�sid:nce for ut
<br /> =r..-�,�1 Icast one ycae after the date of occupancy, unless Lender otherwise agrecs in writing, which cnnsent shall not be
<br /> -�'���� unrcasonably withheld,ur unless extenuating circumstances exist which ar�e beyond Borrovrer's control. Borrower sh�ll iiot
<br /> ___ -- dcstroy,damagc or impnir the Property,allow th�Property to deterioratc,or commit waste on the Property. Borrower sha11 �
<br /> _=""°=_"-'� be in d�fault iF any ibrfeiture action or proceeding,�vhether eivil or criminal,is begun that in Lender's gcocl faith judgment
<br /> R°=�:*�*� could result in forfeiturc ef the Property or othens•ise matedally impair the licn created by this Sec��ryry lnstn�rr,�ns n�• _.
<br /> �='�_`y�`'� Lendcr's security intemst. Borrower may cur�such a default and recnstate,as provided ic�pangr;�ph 18,by cuusing the action
<br /> —`�"�' or prcxecding to be dismissed with a ruling thnt,in Lender's good faith deter�nination, Rrecludes forFeiturc�f the Bonowcr�s
<br /> ::�;f intcrest in the Property or other materiaf impairtnent of the lien crcated by this Securiry [nstrument ar l..ender's•sccurity
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<br /> ,P,��' iti2Ci.:Si. �,vl'ial:i�a.T ;hnii a:SG �,:, iii u�SdUlt i� Lili'ia'v��i� �iSiiZ� 2�2:. �G�ii d�7iiC.�22�R F33'C.."Co�� $8�� iilAiCiio�l3 f:f=w�T
<br /> _v�; inuccurate informntion ar statements to Lender(or f�iled to provide Lender with any inaterial informnuon}in connection with
<br /> ��j_����� the loan evidenced by the Note, including, but not limited to, repr�esentations conceming Borrower!� occupancy of the
<br />-�'.-�',�,t'y.�,�- � Property as u principal residence. If this Security Instrument Is on a lensehold,Borrower shall comply with all the provisions -
<br />_"u'+";£�'� �,�, of the lease. If Notrower acquires fcc title to 6�e Property,the leasehold and the fee title shall not mcrgc unless l.endrr agrees
<br />--:;wr " to the merger in writing.
<br /> "'�='���� 7. Pratection of Lender's ltights in the I�roperty. If Borrower fails to perfurtn the covenants and agreements
<br /> ,;:•.=�:�:;x��. contuined in this Securiry Instrument, ar there is a Iesal proceeding that may signiFcantly affect L.ender� �ights in the
<br /> -i;�i•���;��;� Propeny(such as a prrxeeding in bankruptcy,probate,for condemnation or forfeiture or to enforce laws or regulutions),then
<br /> -_ -°�„w,;� Lender may do and pay for whatever is necessary ro prorect the value of the Property und Lender's rights in the Property. -
<br /> -�- -�,'� Lender's actions may include paying uny sums sccured by a lien which has priority over this Security Instrument,appearing
<br /> .",���;;,'M�•' in courc, paying reasonable attorneys'fees and entering on the Propeny tu make repairs.Although Lendcr may take action
<br /> __r�-��>«�-`a+ under this paragraph 7,Lender dces rtat have to do so. -
<br />-�•�r=:"�:�^�-.�, Any amounts disbursed by Lcnder under this paragraph 7 shall become additional dcbt of Boaower sccured by this
<br /> --«1=`-='.�'��� Security Instrument. Unless Borrower nnd Lcndcr agrce to othcr tcrms of payment,these amounts shall bcar interest fram thc
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<br /> -='"'=--'----_.��. datc of disbursemcnt at the Note rate und shall bc payablc,with intemst,npon notice from Lender to Borrowcr rcques!ing =
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<br />`, :ny*r:, pay�rnent.
<br />`'�`<�� '� S. Mort u e Insurunce. If Lender re uired mon a e insurnnce as a condition oF inakin the lo:tn secured b this -
<br /> �t�'���'�r} J., Securit Instrument, Borcower shall a the r cmiums re uircd to muintain the mort � e insur�nce in effect. If, for an
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<br /> ....,,�., �•. rcason, thc murtg�igc insur.ince covcrngc required by Lcnder lapscs or ccases to bc in effect. Borrowcr shall pay thc -
<br /> - ' a°t'r'r prcmiums n�yui�+�d to obtain coverage substantially cyuivalent to the mvrtgage insurnnee previuusly in effect, at u cost �
<br /> _ - � �=:.�' substantially equivalent to the cost to Burrower of the mortgage insurance previnusly in effect,from iin altemate mortga�e -
<br />:,"�•>> .• insurer upproved by Lendec If sub�tantially equivnlent mort�uge insurance coverage is not uvuilnble,Borrower shall pay to
<br />""• �� ?' Lendcr each month a sum e ual to one-twelfth of thc �arl mort a*c insurance remium bein aid b Borrower when the �i;`
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<br /> � ' Y;� insurance cover.ige I.psed or ceased to be in effect. L.ender will accept,use and rehiin these payments as a loss reserve in lieu ��•-
<br /> �,' � � "'�! of mortguge insurance. Loss reserve payments may no longer be rcyui�cd, at the aption vf Lender, if monga�: insur:uice -
<br /> ,, - ,' covcrage (in ihe amount and for the Ex:riod thut Lender rtquires)provided by an insurer approved hy Lender again becomes
<br /> avaiiable and is obtuined.Borrowcr shnll a thc ee.miums rc uired to maintain mort a c insurance in effect,ar to rovide a �
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<br /> • . :� loss rescrvc,until thc rc;yuirement for mongagc insurancc cnds in accordancc with any wrinen a�mcment between I3orrower -
<br /> . ' �. and Lcndcr or applicuble law.
<br /> _ � „�i 9. InspecQion. Lcndcr or its ugent muy makc rcasonablc entrics upon and inspec�ions of thc Property. Lendcr shall
<br /> � :•�•::,t; give Borrower notice at the time of or prior to an inspcction specifying reasonable cause for thc inspection.
<br /> •� 's-;, 10. Condemnatioro. The proceeds of any awurd or claim for damuges,direct or consequential,in connPCtion with any
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