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<br /> -�,� perfoda that l.ender requinea. The insurance carrier pmviding 1he insurunce shull be chosen by Borrower subjecl lo I.enckr a
<br /> — - approval which shall not be unrctu�onably withheld. li Borrower fails to ma�ntain caverage described ubove,Lendcr may,rr�
<br /> .=� L,enderk aptiun,obtain coveruge to protect I.enderk rightr in the Prc�peny in uccordance wi�h pAmm�roph 7.
<br /> _— �'�"`� • All insurunce policies and rcnewalR Rhull be acceptable to Lender and ahall include u slandard mortgage clause. Lender
<br /> -��'; .. � Rhall huve the right to holc!�he policies nnd renewals. IF l.ender requires,Borrower Rhall p�omptly give�a l.ender all rccelpts
<br /> �. ►.:�r �: �.
<br /> �-_;�.s�;i.., af paid premiums and renewal notices. In the event of logs,Borrower shull give prompt notice to the insurance corticr And
<br /> - �''•�►�°:- L.ender. Lender moy makc praaf of loss if not made prompdy by Borrower. ___
<br /> '� , �" �'`'""''r'' Unlcsti Lender and Bonnwer othenvise ugrce in writing.insurnnce prcxeedQ shall be epplied to restor�tion ar r�epair of
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<br /> °�����_`-���:".�_ the Property damagcd, if Ihe mstorn[ion or repair is eronomicAlly feasible nnd l.ender�security is not lessened. If the
<br /> ,,,��.,:+e; �r:ti; r reswration ar repair is nut econamically feasible or Lender ti security would be lessened,the insurunce proceeds shall be
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<br /> , �,,.%�':' -' upplied to thc sums sccured by this Security Instniment, whe�her or nw then due, with uny excess puid to Borrower. lf
<br /> �;R r��w'�':. •�' Botrc�wer ubandons thc Properry, or does not answer within 30 dayx n natice from Lendcr Ihat the insuronce carrien c�u _
<br /> i- "'`�-'� . ofFered to settle n claim,then Lender may collect the inxuronce proceeds. Lender may use the pra:eeds to repoir or restore _
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<br /> =�.,�. � the Property or�o pay sums secured by�his Security Instrument,whelher ar na then due. 71�e 30-day period wi11 begin when �
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<br /> _ _--, _,, ;�.� ;.1.c thenotice isgiven. _-__.
<br /> � �������. Unless Lendcr �nd Bwrower otherwise a�ree in wiiting,any upplication of proceeds to pcincipal shall not extend or -
<br /> � ; � - pos�pone the due duce of the monthly puymems referred ro in paragraphs 1 and«or ch�nge ttur amc�u�t af the puyments. If _
<br /> ---,'��'.i ' .',��,i. _ under paragrnph 21 the Prapeny is acyuircd by l.ender. Bormwer's right t�any imurnnm polieies and proceeds resulting v_
<br /> .�;.F;::;�s- .
<br /> from dnmAge to the Prope�ty prior to the acquiailian shal!pass ta l.ender to Ihe extent ot'ihe sums secured by this Security
<br /> _ ;�iw�i�_ . Insuvment immedintely prior to the acquisition. —
<br /> , '"`-"'�`°= 6. Occupancy. Preservation� Maletenance and PratectMn at the Propeny; Borrower's Loan ApplicAtion;
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<br />--'a=�,;�i����_a�K'�r . . l.easeholda. 9orn,wer shall occupy,estnbli�h,and use the Property as Honowerk principal residence wi�hin sixty dt�yc after �_
<br /> ""�.• � ` the execution af this Seeurit Instrument und shull continue to occupy the Prupen n.g&urawer's princiFwl residence for at -"
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<br /> -== �����.��`° ��� least one year aftar �he date of accupancy, unless Lendet athervvise agrens m wriiing, which wnsent shnll not tx �.,:.
<br /> ,",'�"``��" unrensonably withheld,or unless ex�enuuting circums�onces exist which are beyand B��rrower�s control. Borrawer shall nat �,
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<br />_ ;.�` �rQ.;?�j' devtray,dumc►ge or impair the Piroperty,nllow the Property to dereriorate,or commit waste on the Propeny. Barrower shall �:_'
<br /> _ ,;:u t�e in d�fuult if uny forfeiture netion or proceeding,whether civil ar criminal,Is begun that in Lender'.s good fufth judgmen�
<br /> =�.�,�+<�'�' �� t •�• could result in forf'eiture of the Propeny or athenvise muterially impair the lien creAted by thic Security Instrument or
<br /> '•�`a,>�� '� Lenderk securi�y intercst. Borrower may cure such a defAUU and reins�ate,as provided in paragrnph I8,by causing the nclioa �`;`
<br />-��=� ,�„��. �.• or prcxeedins l0 6e dismissed with u ruling thut.in Lender's good fuith dNermination,precludes forfeiwre of thc Borcowerk =_
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<br /> . ,-, imerest in the Property or other material impnirment of the lien creuted by this Securiry Ins�n�ment or Lenders security —°-
<br />--�;`� ����:.•�,Yf ° interest. Borrower shull also l+e in defuult if Borrower, during the loun upplication procexs, guve materiolly false or �i
<br />-'�� "` •`.�. `' " . inaccumte inFortnauon or stntements to Lender(or failed to provide Lender with any muterial information)in connection with �,
<br /> '' ' ' �• the loun evidenced by �he Note. including, but na limi�ed �o, representu�ions concemin�; Borrower's accupancy of the —_
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<br /> _"��. ' �. ��t s�!+ Pmpeny ac a Qrincipal residence. If this Security(nstrumenl is on n leavehald.Barrower ghnl I comply with all the provisions _--
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<br /> • +�s"�'�"°�' ' of the lease. If Bomower acquires fee title to the Property,the kavehold und the fee title sh�ll not merge unless Lender agrees __
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<br /> , _ . �s:�,, .. tothe merger in writing. �==.
<br /> • ��� •';�`�ti;�?" 7. Protectton of Lender's Rights in the Property. If BoRawtr fuih w perfarm the covenonts und ngceements _
<br /> •�� wntained in this Security Instrument,or there i. a legul praceeding that may �cigniFcantly uffect Lender's• rights in the s
<br /> ' _ , Propeny(such ati u proceeding in bankruptcy,prohate,for condemnatian or fori'eiwre or�o enforce luws or regulations),Ihen �:
<br /> �� Lender may do and puy for whatever i.r• necessury to pro�ect the vulue of the Property and Lender's righ�s in the Pmperty. �,;�
<br /> . ' Lender'.s actions may include p�ying uny+ums secumd by•r lien whirh hos prioriry over this Securiry Instrument,nppearing �
<br /> '� . , in court,paying reutionuble unorneys'fee.und entering on the Prapeny to make repairs.Although Lender may take ac�ion ��
<br /> �• ' . •t�:'�' ' under thir:parngraph 7,Lender does nw huvr�n d�►so, �'""
<br /> " '�''%� • •"`i��'� Any amoums dixbursed by L.ender uader Ihis p•rrngruph 7 shall becume udditiunul debt of Burrower secured by this �-=
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<br /> . I,. Security Instrumcnt. Unlexs Borrower und Lendcr u�ree to other tcrms of puyment,thexe um�untti,hall beur interest from the
<br /> ; dete of dis6urxmern a�the Note rutc nixi xhul! be payuble, with intcrest,upon notice from Lender ro Bomower requesting �'°
<br /> � ::r• :�,�,,i paymant.
<br /> ��'�'� ��`"•��° & Mortgege Insuranee. If Lenikr reyuired mongu�c inxurancr us t�condition of making the loun xecured by�his �'_`
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<br /> • :;..��,. Securiry Instniment, Burrower shall puy the premium. reyuircd to muintain thc mi�rt�age insuruncc in effect. If, for any �_
<br /> � " � , rcuson, the mortguge insurunce roverrge requircd by Lender Inpseti or c�aseti w bc in cffect. Borrower shull puy lix �
<br /> premiums required �o obtain coveruge .ubtituntiully eyuivulent to tiie manFu�e in,uruncc previoutily in effect, ut a cos� �_._
<br /> •��L , substuminlly equivulcnt to the cost to Borrowcr of thr mongagc intiurance prcviuusly in effec6 from un ulterna�e mortgage =__
<br /> • insurer approveJ by Lender. If sub�tuntially eyuivulent mongagc intiurunrc covervgc is not Lvailuble. Bormwer shall pay to =�_
<br /> � ' � Lend�r euch month u sum cyual to ono-tw�lflh of thc yrarlJ mort�age in+urunce premium t►eing paid by Borrower when the ��
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<br /> insurance coveruge Inpxed or reuseJ tu Ix:in efl'rc�. Lendrr will urcept,u�r and retain theu puyment+u�a los,reserve in li�u ��
<br /> i ' . ` '`'�' " . of mortguge insur�nce. Loxx re.crv�puymcmx muy no lungcr ix reyuired, at thr option ot'Lendcr, if mortguge inrurance --
<br /> , . ' coverage(in the amount und for the ExriaJ thot LenJer reyuinxl providrd h��un inwrcr appnivrd by Lender uguin b�comes �'-"
<br /> �� uvuiluhle and i.��tnuineJ.BoROwcr.hall pay thr premium.rcyuired���maintain m��n�•rge insurancr in efi'ect.or�o provide o --=
<br /> � ' .:;'s:; ..� lo�s mserve,until the reyuirement(or morttiu�r inzurance endx in accordancr with•rny wriuen agrcemenl between Borrower �=;-
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<br /> '%�,.,;,.• and Lcndcrnrapplicahlc luw•. .' �`
<br /> � "'`�` ' 9. Inspection. Lcnder or il.agcnt may mukr rra.�muhle rntrirs upon anJ in�prc�ions of thc Prupeny. Lrndcr shall
<br /> ;� ,� • • give Bi�rruwcr notice m the limc ot'or�xior to an ins�xction v�xrit'ying re�sonablc rauu lix thc imprrtion.
<br /> " 10. Condemnation. The pnkreJr uf uny awurJ or claim ti►r dumagr,,dircc�ur can�equential,in ronnrction with any
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