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<br /> 92-�1A444�
<br /> _ _ ' pedais that lrndcr rcquircs. The insurnnce carrier providing the insurance shal)hc chcnen by Borrower cubJect to L.ender9
<br /> _��� approval which�hall not bc unrrasonobly withheld. If Barrowor faila�o maintain cpva�agc descri6ed nbove.Lepder rmy,�
<br /> Leoderg optian.obtiln coverage to protect L,endcr's righta in the Property!n accardu�c�e wiU�psuagrnph 7.
<br /> --- All insura�nce policies and m�ewnle shtil!be accepwble ro L.en�er and shwll fnoludo a slundord mortgAge clauce. LeMer
<br /> .�� shalt have the right to hr�ld the policiec and rcrtawulx, If Lender requires,Barrawor sholl pmmptly glve to Lendar�ll roceipts
<br /> _F-- of pa�d premiuma and rencwa)nolices. Ut tha event of loss,Barowcr shall aiva pmmpt natice to�he inauronce caRler md
<br /> -- l.ender. Lender may malce proof of losy if nat mud�promptly by Bo�mwer.
<br /> Unless Lender iu�d Borrower othe�vir;e Agree in writing,lnsurance proceeds ehall be Applied to r�eclorA�fon or repair of
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<br /> �F - - '-�="� the Propetty dam�ged. if�hi: rcuorr�iun or repair is ec�x�wriicully fe�sible and Lcnde�k accumy is not Icsscned. If the
<br /> ."-'- r�s[aratirn or repriir is not econumiQUlly f�asible or Lenderh security would ba lescened.the ineuranre prooeeds s�hall be
<br /> -----'�'�.�'�� Applie�i to tlK sums securcd by �his Security Insuumem, wf►ether or nat then duo, w11h any exce.r•x paid to Bwmwer. If
<br /> '�"►_�u�s�� Borrower abandons t!u Prohe�ty,or daw nat answe� within 30 duys a notica irom I..ender thut the insurancc cturier has
<br /> _ _,�,5� oflercd to senle a clolm.then L.endar muy collect the insurance praceed�. Lender mny use the proceeds to r+cpair or nestore �-
<br /> ___ the Property ar to pay wme securcd by thia Security Instrum�m�,whether or not then due. The 30�dny period w111 be�in when
<br /> `.-"..=�._+;�-:� �hc not�cc is given.
<br /> ���Q��,;;;; Unless Lender and Borrower othenvisc ogree in writing.any r�ppli�ation of pmceeds to principal shnll nnt eatend or
<br /> '"_°y=4�,i�� postpone the due date of the monthly puyments referred�o in parngrsiphs I and 2ror change Ihe amount of dte quyments. If
<br /> -� under puagraph 21 tlte Pimperty is acquirrd by Lender,Borrower's right ta uny insurancc policics and proce�ds reaulti��g
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<br /> 8 Propeny pnor to the acyuisition shall pass to Lender to thc exlent of the aums securcd by this Security
<br /> "r ��° ,�-�� lnsuument immediately prior to the acquisition.
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<br /> __-_;,,;c�.;;_��,� 6• Occupancy, Pn�rvallon. Nlqintenunce and ProtecHon of the Property�; Burrower's Lowa Applk�tion; �
<br /> .; � = rr. l.easeholds. Bomowershall accupy,establish,und use the Property ns Borrowerk principul rcsidence within sixty days after
<br /> '" ��'�" the execution of Ihia Securiry Insttumant und shnll cantinue to occupy tbe Pmperty aF Sotmwerg principal re9idence far at �-__
<br /> - `� least one year after �he date of accupancy, unless Lender otherwi�e agrees in writing, which consem ehall not be �
<br /> ""� `�° '�t�-� �•• unneasonably withheld,or ualess exrenua�ing circumslunces exist which are t�eyond Borrower's wntral. Bamowe�shall not �•
<br /> -• �ri��"'�;�:���• . destroy.dama e or im a�r the Pr —
<br /> ,� B P � aperty.Allow the Propeny to deteriorate,or commit wuste an the!'roperty. Bornuwer shnll
<br /> be in dafault if any fodeitu�action or praceeding,whether civil or criminal, is begun that in Lender's goad fuith judgment �'
<br /> !'�. ^=�;�.�y'�""`°�"�, could result in forfeiture of Ihe Property ar otherwise muteriully imp�ur tha Ifan crea�ed by thia Secu�ity Instrument or
<br /> , �',��•� Lenderk security Inte�est. Bomnwrtr mny cur�e such a default and reinstAte,�pmvided in paragraph IR,by coueing the nction
<br /> �`+�4?�;', or procecdiqg to be dismiesed with a ruling thut,in Lender's good feith determinalian.pnecludes forfeiture of the Borrower?�
<br /> � inte�est in the Pro �,s
<br /> _ •�,:f'�" " ' perty ar a�har mat6rial impairmem of the lien creuled by this Secu�ily Instrument or Lenders security -_
<br /> ` � •�' interest. Bomower shall ulso be in dafault if Bormwer, during the loan appllcutian pracess, gave materially fnlse or �
<br /> ��'•�'�� , .��-•: inaccurate informatlon ar statemente to l.ender lor failed to provide Lender with any material informatian)in cannection with
<br /> u`�� � "',�.�`�` �" the loan evidenced by the No�a. including. but not limited to, representations conceming Borrower?� occupancy oi the ��
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<br /> • , ��-^ •` Pir'operty aa a pdncipal resldence. If thi�s Security Instmment is on u ler�sehold,Botmwer ghall comply wi�h ull�he provisions l�=�
<br /> _ ' ��' • of the lease. If Borrower acquim�fee ti�lc tn the Roperts•.the leasehofd and thc fau 8tto shall noi mer e u�il�,i.c�akr a
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<br /> � , �;y;.:.'_"`�� to the merger in writing, g ��' —
<br /> � ' f'� -� �' - 7. Protectlon ot Lender's Rights in the Propen �
<br /> , ., !�;i��Si�-,NY . y. If Borrower failF �o perform �he covenams und ugreements �-
<br /> ' : contained in �his Security Instturnant, or there is n legal praceeding �hat may ,ignificunlly Affect Lender's rights in the ���
<br /> ,,;t' L`• :.: . • •. P r operty(s u c h u s u p r a c e e d i ng in 6wnkiup�cy,probate,for condemna�ion or forfeituro or to enforce laws or regulntions),�hen
<br /> �'�;;, -�►a�, .... • • Lender may do and pay for whntover is nececvury w protert the vulue of the Property und Le�.�1er's righ�s in the Property. -
<br /> ''`�' -•� Lender i uctionx muy includa paying uny sums serureJ by a lien which has prinriq�over thix Secnri�y Inx�rument,appearing `
<br /> �'� �•''�`�� '��' in court.paying rausonubla unamoys'fecs•rnd cntcring un the Pmprrty to muLo ropain.Al�hough Lender muy tuke uc�ion �' ,'',�
<br /> . ., 4 � under this pumgroph 7.Lendar dces not huve to do so.
<br /> • • -,�c�:��� . Any amounts disbun;ed by I.enJar under this parrgmph 7 shull hecome addUbnul debt af Bomower secured by Ihis
<br /> .:��. :'•r-� :�,.��� Security In�trnmenl, Unless Bormwer nnd L.endcr agme to other tertns nf puyment,Ihetie nmountn shull be�interext from the ° �
<br /> �`•,`= � � ���� date of disburr,ement ut the No�e rale und shull be payuble,with imerest,upc►n nntice from Lender to Borrower reques�ing
<br /> ��y ^..� �`�i�� payment. ...;:p�._
<br /> ,'��{qs��`; ;` 8. Mortgage Inw�nce. If Lender reyuimd monguge inxurunrr a.,u condltlon of mal:ing�he loun++ecured by�his ��`•
<br /> Securiry Instniment, Bnrrower shall puy the prrmiums reyuired to muinluin tho mortgape inxurnnce in effect. If, for any =`-''"'_
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<br /> . 'i.3s��';l�a- reason, the mortgage insurunce covemge n:yuirrd by Lender lupxe, or rcutie� �o be in effect, Borr+ower shall pny the - -
<br /> "`°!':`•• . , premiums requlred to abtuin caveruge sub.tumially equivulenl �o �he mortguge insuranre previoualy in effect, ut a coxt � �
<br /> • �:�.• � •• substantiully equivulenl t�the cost ta Buirower uf Ihr m��rt�uge in,urance previou�ly in effect, from un ahemnle mortgnge �*
<br /> h;,,� ' insurer s►pproved by L�nder. If'.ub�tuntiully cyuivulem monguge insur�ncr rovarc��e ic nal uvuilable,Bom�wer shall pay to
<br /> '`= • a„ ��+ � Lender ench manlh u r:um cyuul to one•tweN'th�►f�hc yeurly mangage intiurancc premium being puid by Borcower when the
<br /> ' i. •, . insurance covemge lup.r•eJ ur ceaxc:d tu Ne in effect. LrnJrr w•ill uccept,uu und re�ain ihese paymems as n luss reserve in lieu =-
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