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<br /> periods thW Lender rcquireti. The insurunce carrier provlding the insurpnce ahall be cbasen by 8arruwer hubject to Lender x
<br /> -��o.+.�:.z�,_� opproval which ahull not be unreaxonably withheld. If gorrower fufls to maintain coverage de�cribed ubove,l.e r may,a
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<br /> — �^��;�*' L.endera option,obtuin coveroge tu protect Lender�rlghts in the Pruperty in accordance with parAgraph 7.
<br /> --�''���••--� �= All insuran�e po�icieK und renewuls�h�dl he ucceplable to Leader and shall include u�Ipndnrd modgage cluusc. Lender
<br /> .:.~�r�,.,nr.��,� �:
<br /> --�-,.�--�-_ shall hnve�he right to hold the�licies und renewuls. If Lender myuires,sortower shull promptly give tu l.ender nll rec�pts
<br /> -°���:�� of paia premiums su�d renewul notice+. In the event of loss,Horrower,hull give prompt no�ice�o thr insurunce carrier and =_.
<br /> su —�:_
<br /> ��.��'��" Lender. Lender muy maka proat'nt'lo.rs iP noi mude prumpdy by Barrower. �_ =-
<br /> �. Un less l.c n der a n d B o r r o w e r a l�e n v i�e o g re e l n writin g.insuranre pracced�+�hnll be upplied ta restora�ion or repAir of --
<br /> .T;��,�,5�,^,C,��k::. the Propeny damaged. ii the restorAtion or repair is ecunomicully fes+,�ible rsnd l.ender ti security iw nat lessene d. !f t he
<br /> �•�?. restoration or repuir is not economically feasible or Lender x security would be lessened, ihe insumnce proceedx shall be
<br /> :r. •��.'ikr�•:'a�.
<br /> ,. . npplied to the sums secwed by this Security lnstrument,whether or nat then due,with any excess puid to Borrower. _
<br /> Borrower abandons the Propeny. or dces not unswer within 30 days A notice from l.ender t6at the insurance rorrier has _
<br /> w� _:.:k�.. ..+ offered to settle a cl�im.then Lender muy collect the intiurance proceeds. Lender muy use the proceedx to repuir or restore _,
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<br />° .a;,,;:_ ._.�;,,:�t the propeqy or to pay sums secured by thia Security Instrunxnt,whether or not then due. The 3tl�duy penad will begin when �
<br /> - � . -- the nodcc is given.
<br /> Unles� Lender and Borrower otherwive agree in writing,any upplication of proceeds ta principul shull not eatend or
<br /> -'��'�"•"" ' � postpone the due date oi�he monthly paymenta referrcd to in parngraphs I nnd 2 or change�he amount of the paymcnts. If �
<br />"����% ° ' under paragraph 21 �he Propeny ia acquired by Lender. Borrower's nght to nny insurnnce policiex und proceeds �esulting __
<br /> �.�.,,. ���� . � from dnmage to the Property pnor to the acquixuwn shvll pass to Lender to�he extent of the sums secur�ed by this Security ��,
<br /> — ' .���,, , . Insuument immediately prior to the acquisitiun.
<br /> -�:�ri;;�=�.'�°��y�_°.•- -"- ' 6. Occupaacy, Preservatioa, MaintenAnce and Protectlon ot tl�ee Properly: Bon'ower's I.opq AppNcatlon: -
<br /> -:-�;�-1r • .. . ' . • Leaseholds. Bonrower shall occupy.estublish,nnd use the Property ns 8wrower's pnncipal rcsiderke within sixty days after _--
<br /> '��.es;�.,::.'.ti;��:'';`��;��'�� � the ezecution of this Security Instniment nnd shall continue to occupy the PrapertY us Borrower's principal residence for ut _
<br /> ,:�°; '�":.��;;:�:;:;�, .,. least une year afier the date of accupancy, unless Lender othenvise agrees in writing, wbich cansent 4ha11 not be --
<br />--:__ .;. �, .'; •, , unreasanably withheld,ar unlesx extenuuting circumstunces exist which ere beyond BoROwer'.s control. Borrower shall not ___
<br /> ;��'.• ^ , , deYlroy.damAge or impair the Propeny.ullow the Propeny lo deteriorate,ar commit wa�te on the Propeny. 8orrower shall �
<br /> be in default if any forfeiture uction or proceeding,whether civil or criminal,is begun�hut in Lender�good faith judgment
<br /> -;� °'�'" � , could result in forfeiture of the Pruperty or wherwise materinlly imp�ir the lien creuted by this Securiry Instrument or _„__
<br /> � -�•�ry Lender�securiry interest. Borrower may cure such a defuult and reinstate,ac provided in pamgruph IA,by cuuxing the action
<br />-� • � '. �t', ';M � or proceeding to be dismissed with u nding that,in l.ender�good fuith detertninution.precludes forfeiture of the Borrower's ,�
<br /> '::�� ,. ., . • interest in the Property or other materiul impairtnent of the lien creuted by this Security Instrument or Lender's securiry
<br /> intere�st. Borrower shull also be in defuult if Borrower, during the loan applicotion pracexs, gave mnterially false or __
<br />';�:�,' __, ,., inoccura�e infamution or statements to Lender(or fuiled to provide l.ender with any material informutian)in connection with
<br /> - the ioan evidn�n:c,i by thc Note, is►cluding, but no! limited to. representa�ions concerning Horrower s accupancy of the ✓
<br /> • propeRy as a principal residence. If lhis Security Inxtrument is on a lea,ehold,Borrower shall comply wnh aii[he provisian� �,:,,
<br /> �•.' of the lease. If Borrower acyuirex fee tide to thc Pmperty.the leua•ehuld ond Ihe fee title shall na merge unless Lender agrees __
<br /> to the merger in writing. �'
<br /> 7. ProtecNon of l.ender's Rights in the Praperty. If Norrower fails to perForm the covenants und s►greements _
<br /> : contained in thi� Security Ins�rument,ar there is u legal pra:eeding ihut may significantly nffect l.ender's rights in the
<br /> • Property(such as n proceeding in bankrup�cy,probu[e,for condemnntion or forfeuure or to enforce luws or regulations),then
<br /> Lender muy do and puy for whutever i+ nece��ury to protect the volue of the Praperry and Lender's rights in the Property. �
<br /> . . , j Lender's uctions may include puying nny xums sccured by a lien which has priority over this Security Instrument.nppearin6 —`
<br /> ,. • � in court,puying reusonable anomcys'fecs und entering�n the Propeny ta ms�ke repuirs. Although Lender muy wke action _
<br /> under this psuagraph 7,Lender doe.not bave to do so.
<br /> � Any umounts ditibuned by l.ender under this p;uagruph 7 shull become ndditionul debt of eorrower xecured by this �
<br /> � S�urity Imtrumrnt. Unles+Burrowcr und Lender agree ro olher term.of puyment,the+e umounts.rhall bear interes�from the —
<br /> -w dnte af di,bursemcnt nt the Note rote und xhalf be puyuble,with intere,t,upan noticc from Lender to Borrowcr reyuesting ;
<br /> . ,. � payment. � .
<br /> ' � $. Mortgage Insurance. If Lender reyuired mortgAge insurunce uc u condition af mnking the loan secumd by this �
<br /> � . Security Inatrument, Burrower shall pay �he premiumx reyuired to muimain the mortga8e inxurnnce in effect. If, for any _
<br /> . ' , reuwn, the mortgage insurunce coveruge rcywrcd hy Lender lup.e. or ceuses to be in effect. Borrower sh�+ll pay the
<br /> '. ,, , . , premiumti requireJ lo�1uin coveruge �uh+tuntiully cyuivulent to the mongug� insurunce previously in effect,at u cost
<br /> � substantinUy eyuivulen�to the co.t to Burrower oF the mongu�ze intiurunce previau�ly in efi'rc�,from an ultemate mortguge
<br />- ' " „ ia�urer uppruvcd by Lender. li'sub,tuntiully eyuivulent mon�tuge in.ur.�nce coveruge i+nw availuDle,Borrower.hall pay to �-
<br />= p� ' ° � Lender each manth a sum eyual to one-�weNth of the yearly mortgugr imurunce premium bein�puid by Borrower when the �._
<br /> ' insurame coverage lupsed or ceu+ed to he in effec�. Lenckr will accept,u�e and retum�hr+e ps+ymenlx ux a lo�s retierve in lieu �
<br /> , of mortgugc insurnnce. Los.r•re.ervc payment.may no longcr bc required, ul thc aplion of Lender,if mortguge insurance �`=•'
<br /> � covernge lin the amuunt und tiir�hc p�:ricxi thut Lrnder rcyuirr.►pm.•idcd hy an imurcr upprovcd by Lender uguin becomes
<br /> � , ,, . �� avnilable nnd is obtuincd. Borruwer+hull puy the premium�requimd ro muintnm mon�ugc in.urance in rffert,or to provide a ��
<br /> loss reserve,until thr rcyuiranent fur mortguge insurance rnds in+►ccordunrr with an�•w�itten vgreemrnt be�ween B��rrower
<br /> :�;::�:" und Lendcr or upplir:iblc law. �
<br /> � " 9. Inspection. l.ender or itti agrm muy makc reu.unablc entric�upon and�n�pectiom uf llic Property. Lcnder shall
<br /> give.Borrc�wer notKr at thc Iimr af ur priur tu an inspertion�p�cif�•ini reu�onuMr ruu,e ti�r Ih�in,pcclion.
<br /> ' •• 10. (:ondemnalion. 'The pr�kred���f any uwurJ��r claim ti,r damugey.Jircrt or cunKyuential.in cunnection with uny 1
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