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<br /> r^ri�s that Lender rcquircs. Tlx ins�r.ance carr.er providing the in�auancr s1�a11 br cl�osrn by Bortowrc azbject to I.etxier's
<br /> approval which shall not be unreasar�abty withhe��. ff Borrovrer fails to c�tain coverzge descn"bed�ove,treoder m�+y,at
<br /> ?ender's option,obtain covenge to protect Lrncier's rghts in the Property in accotdsnce�rith paragaph 7.
<br /> Ail insurance polic�es and renewals sha116e aaeptsbk�b�.ender and shall inchde a�d matgage clause. Lerwer
<br /> shz�ii have the right to hold the policie,s and tencwaLt. If i.ender requires.Bonower�ha11 pomptlp give to Lender all rcceiptc
<br /> �f��id prentiums and rcnewal notic�. ln the event of bss,Bortowrcs shail give pcompt notice to the imurm�ce carrier and ,
<br /> Lender. Lencier may make proof of loss if not tnad:promptlY!n�Bo��rwtr.
<br /> Unles�Lender and Borrower atherwise agree in writing,in.>>�ance proeeecfs ctml!ix applied ta re.uoratioo or cepair of
<br /> the Property damaged, if the restmation or rr�ir is economicalty fcas�Me �rr.! L,erid�r's acurity i�noi lesarrcrl. If Ux
<br /> restoration or repair is not estx�omically feasibk or Ltnder's secsRit� wonld be ks.5ened,the inwran�e procecck sh:tll be
<br /> applied t:� the sums securecl by this Security ln-.inm�ent.whether or n�x thrn due.ar:::�erq ucess paid to E3orrower. ]f
<br /> ' Bormwer abandons the Property.ar does not answ+er wit.iin 30 d�ys a natict from Lmdes ihat the irs,-urarece carrier hac
<br /> offercd to settle a claim.then Lenda may collect the insurmce prviceeds. Lnder may a�e the proceects to rcpair or rLStorr
<br /> the Property or to pay su�rs secured by this Sec:uity ln�nent,whettKr or not tlxn du�. The 3adav p�triod will begin vrfien
<br /> the no[ice is givrn. .
<br /> Unles.a Lender and Bormwer otherwisc agmt in writing.any applicstioa of prvcYeds to prirtcipal �ha]!nat eatrnd or
<br /> postpone cbe�+ee datc of the manthly poyme�s rcfernod to irm par�iaphs 1 and 2 or change tfie amatt�t of the payments: If '
<br /> under paragranh 21 ti�e Property i�acquirtd tsy L,e:t�:. E�::.�^:�s e!n f�?� �tct�iiciec and �xviceecic rewlting .
<br /> from damage tn t;�e Pmperty prioz to tfie acquisition shall pas..to Lec�der to dx extrnt of ttx s�s smtred by this Security
<br /> Instrument immediateiy pnor to the acqu�siiion.
<br /> 6. Occupancy� Pr�ervatioe. Mainlenancr aad Pratectioa o� the i'ropert�: Bexr�ower S i.aan Appticatioe;
<br /> Lraseholds. Borrower shall occupy,eaablish.�d use the Pt�perty xs E�oRV�rer�s principal r�idence with n sitty days aftcr
<br /> the execution of this Security lnstrument and shalt corttinue to occupy the Pmperty as Bortawer�principa:�esidenre for at
<br /> leaet one year aRer the dale of accupaney, unlGCS Lesxier otherr�ri_ce agrt�.s in writing, arhich coe�cent �hall rtot be
<br /> unrrasonably withheld,or unl�s extenuating circur�tanccs exict wt�ich are E+e�rond Bonower'�c�trol. BoRUVVer�hall ncw
<br /> dcstroy,damage or impair the FtaExrty,allow the Property to de�ericxate,o�corttmit watte o�the Rqxrty. Ekxtcnver�hall
<br /> be in default if:�ny forfeiturc�ttion cx proce�ding,wlxihet civil or crimin:+t,i�begurt thu in Le�dert good faith jud�,m�ens
<br /> could rcsult in forfciture of the Property or ahcrvvixt materiafly impair tlre !ieen srrated try this Socuriry Inctrument or
<br /> Lender'c tecurity intercst. �3orrower may cure such a default m�d rcin.St�r..�:�xavided in perag�h IS,try cwxing!he action ,
<br /> or proceeefing ta be dismis.�ed with a ruling that,in L.endK't gcxxi isith ckKermn�tioo,�erindes fcxfeiture of the Borrower?�
<br /> inte,:�t in the Property or other material impaim►ent of the 1'ern cr�tetit bv this Securiry Instr�t cx Lender� security
<br /> intercst. Bert�wcr shall al�o be in defaalt if Rcxr�w�r, dnring the kws� spplicatioo proce.ca �rve materially lat�c or
<br /> inaccuratt infoRnation or statements to l.encler(or faikd to provede Le�dec anth m�y�m�terial infcxmation)in armecKion with
<br /> the loan�evidenced by the Note, inciuding, but not limited to, repreanr.tionc cancrming 8txmwer� accvpancy of the
<br /> Pmperty a�a principal residenca If this Security Ir�trument is on a kaset�lcf.Bcxnnver shatl comPly with all the provisicx�.�
<br /> of the lease. If Borcower xquires fce title to the Property,the kase�old and the i.�e iitk shall not mage unkss Lender agtes
<br /> to the merger in writing.
<br /> 7. Protection of I,ender's Righta in the Pr�pert� If Bomawer tail� t� perto�m the covenants arxi ugreementa
<br /> contained in this Security lnsttument, �x thert i� a kgal proreecting tl►at may significantly affect LenderY righ�a in the
<br />' Property(such�.e a procceding in bankrvptcy,�te,fcx condemration cx fcxfeiturr or to entarre laws ot ergvlations),then
<br />� I_cnder may do and pa}• for whatevc�i�ncce�.cary to pmtect tfie value of the Pro�+crty�nd l.onder i rightc in the Pra�erty. .
<br /> Lender:adions may include payin�any sums�ecurcd b�a Iiers�hich!�pr'scxity mrer thi�Serurity ln�tnmxnt,appearing
<br /> in court,paying rcasonable atmrr�ys'fees artd entering on t!u Pivperty to make rep�irs.Although L..-t:der may take action
<br /> under this paragraph 7,l.cnder doe�not havc to do sc►.
<br /> Any amounts dishu�cd by Lrnde.r und�-r this paragrnph 7 shall become additiooat debt of Berrnwer sc«�nd by this
<br /> Security Instrument. Unless Bort�owe�and l.encier agree to ahrr terma of paymenL tbes�r amouna stmll l+ea�interc:t from the
<br /> datc af disbunement �t the Notc rnte atx�shnll bc payable,with imterc.ct,upaa oatice fivm L.ender to Bcxnrwer rcqucsting
<br /> F:nyment. ,
<br /> 8. M1lortgage Insurance. It[.cnct:r rcyui�ed mortgagc in�urnnc�c ac a c�u+ditio�af malcing the Ioan acurrd by thic
<br /> Securi�y lnstnrmcnt, Bormwer sl�a11 pay thc prrmiums rcquircd ta maintain the matga�te ir�w�ree in efl'crt. If, for any
<br /> masen, ti�e mortgage in�uranre coverage requircc! hy Lender la� cx ceacec to t+e in efTect. ElorraaKr shall pay the
<br /> prcmiums rcquired to obtain coverage sutsstantialiy equivalmt to the mortgage insurarx.�e prcvioucly in etYect, at a cost
<br /> �uhst�ntially equivalent to the ccxt to Bam�wer of the mortgage insurance prcveottcly in etfect,from an allemate mcxtgage
<br /> in�urcr appirved t+y Lendcr. lt�ubRtantiaUv eyuivalent mwtgage in�urancr caverage is not availabk.Bcxrower shall pay to
<br /> L.ende�each month a sum equal to one-twelRh of the yYarly mortgage insutance prcmium 6eing paid by Borrower when the
<br /> in�urance rnveragc la�xed a ceased to t+o in rffect. LerKkr-arill accept,use mid retain these pavrrxnts as a Mss r�serve in lieu
<br /> of mortgage insurartce. Loss reserve paymentc may no Ic,;ger be reguired,at the option of[.ender,if mortgage iawrarrce
<br /> coverage(in the amount and for the period that Lender rr�uir�s)provided t+y an insurer appnoved by 3.ender again becomes
<br /> availahle and is obtain^d.Bocrow�er shall pay the premiv-�is required ta maimain mortgage insurance in effect,or ro pmvide a
<br /> lo�s reserve,until the mquerement for mortgage insurance ene�s in acrnrdsnct with any aTitien agrrertecnt betw�een Borrower
<br /> and Lender or appli�able law.
<br /> 9. inspection. Lende�or its agent may make reasonable rntries upcm and inspeetions of the Propenty. Lenckr shall
<br /> give Borrower notice at the time of or prior ro an inspection specifving:easonable cause for the inspection.
<br /> 10. Condemnation. The pmc�:eds of any awarci or ctaim for damages,dir�ect ar consequential,in co�crtion with any
<br /> Sirtp,k Family—Fsnnie MadFYeddie�tx ilNiIFORN Ir'S7RUNL�,YT—Umfam Carenair 1A9 (�wxe 3 njh pa�es)
<br /> � tiat late ea+ers Pas�.rc■
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