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<br /> pc:r[cxfs thu�Lendcr rcquires. 'I'hc insurnncc cnn•icr prc�viuing thc insuruiisc shnil ix ci�w�u�by Iioi-�`w`u�u•�cc�l.cndcr�: �-
<br /> . approvnl whic:h shull not bc un�r�is��ncibly v��ithl�.cld, IP B�n7owcr fiiiis t�mmntNn�:avcrube acscriacd+►b��vC.i.eu�icr m«y,a�
<br /> Lcndcr i;�pUon,obtu+n covcrn�c[o protcct I.cnderk rights in Qic Prc�perty In nccnriimicc with para�rnph 7. _
<br /> All i��suroncc pollcdcs and renewnis hFudl tx:ucceptuble ta Lc:nder uncl�;hull include a;�timdi�rd n�ortgnge clnu,c. L.ender
<br /> sh:lU huVC lI1C f'IgBt IU I1OIl)l}1L'PpI1CIRK IiII�I rcnewnle. IF Lendcr rcyuires,Horrowcr shnll promptly�;ivc to L.cnder ull rcccipts _.
<br /> of ps►id premimn:�and renawnl notices. In thc cven�nf to4y,Nurr��wcr s1�nll �tivc E�rompt notice tn thc lnsur�►ncc cnrricr nnd �
<br /> Lcnder. I,endcr mny make praof of tass if not madc p��ompdy by B�rtower.
<br /> Unichs l.encter imd Borrower otherwise n�ree in writir�g. insurance proceeds shiill be npplicd tu restoruUon�r repuir uf
<br /> thc Property dnmoged, i£the restorution or repair is economtcnlly fcusible nnd l.endcr's sccurily iti not Iesscncd. [f thc
<br /> restoration or mpair is not economicnlly fcasil�le or [.endorw security wmtltl be Iessened, the insurunce proceeds shull be
<br /> npplied ro thw sums secured by �his Security inxtrument, whcther or not then duc, with nny excess pnid ta Barrowcr. If
<br /> Borro�vcr abandnns dia l'ro{�rty,or does not answcr within 30 day� a notice fram Lcnder thut thc insurance ciurier hus
<br /> offered to settle a clnlm, then Leuder mny coll�ct the insurance proceeds, LrnJer may use ihe procceds to repair or restore
<br /> thc Pruperty or to pay fiums securcd by thf:, Securlty Instrument,whelher ur nat thcn due. The 3Q-day period will be:gin whei�
<br /> tlie notice is given.
<br /> Unlr,ss Lender and Borrowcr othenvise a�rce in writin�,any upplicntion of proceeds to principal shidl not cxtend or
<br /> post�ronc thc due datc uf the muntlily pnyments rcfcrred to in para�r�phs I und 2 or choingc the umount of the puyments. �f
<br /> undor paragraph 2! the Property is nequired by L.ender,Borrowert right to any insurance policies:ind proceeds resulting
<br /> From dum���e to thc Property prior to the acquisitiai shnll pass to I.cnder to dte cxtent of the sums secured by this Security
<br /> Inetrumcne�.��rmedintely prior to thc acc;��isition. ...
<br /> 6. fDc�cupancy, Prescrvatiou, MA�ntenance and Prote�cli�n s�t the !'mperty; Borrower's �.oan Appllcatian�;
<br /> Leasehol3s. �3orrower shall occupy,e.stabl(sh,und use the Propersy ns Bm•rower�principal resid�nce within slxty days nl��:r
<br /> tha cxecaHan•of,this Sec+�rity Instrurr�ent and shnll continue to occupy the Propc:;ty as Borrower s priacipal itsidence for at
<br /> lcast one yeiu after the: date of occupa.ncy, unless l.ender othenvise agrees in writin�, which cons�i�t snull not bu
<br /> unrensona►aiy withhelJ,ur unie�s nxt��ivating c.Ircumstanccs exist tlhich are br.yand Ba�'mv�er�rontrol. B�arrower shttll nat
<br /> destroy,dAmnge or impair the Property,allow the Property to dcteriorate,or commit waste on the Propeny. Horrawer shall
<br /> be in defuult if any forfeiture action orpruceeding,whether civfl otcriminal,is bsgun thnt in�.ender's good faith judgment
<br /> coutd result in forfeiture of the 1?roperty or otherwise materinlly impair the lien created by this Security Instrument or
<br /> Lender's security interest. Horrower mny cure such o default und rein;t:ite,As pravided ln paragraph l8.by causing the action
<br /> ar proceeding ta be dismissed w(th a ruling that,in Lcndcr's good faith detenninutton,precludes fodeiture of the Borrower�s
<br /> interest in the Propeny or othcr materinl imFainnent of the lien created by this Security Instrument or Lenders securlty
<br /> int��st. Buxruwer shall also be in default it Borrower, durins the loan applicution process, gave muterinlly fulse c�r
<br /> tnaeearate informaiion or siuicmc��i�iv tti.-�dz�l�r taiY:,d te gsr::d�l�n3ts��th�*t;innr�ri,►1 Informationl in connection witlt _
<br /> the loan evtdenced by the Note, including, but not limited to, +�cpresentutions concerning Borrowerk occupuncy of tl�e
<br /> Property a5 a principal re�idence. If this Security Instrument is on a leasehold,Borrower shull comply with all the provlstop5
<br /> of thc lease. If Borrower ucqui�rs fee title to the Pr�perty,thc lensehold and th�fee title shnll nat merge.unless L•ender agrces ,
<br /> ta the merger in writing. • , '
<br /> 7. P,ratectfon of I.ender's Rights tn the Properly. If BoRawer fuils to perfonn tiie covennnts and agrcements . _
<br /> � contained iry�ihis Security Instrument,or them is a legal prceeedin� tliat may sigmficantly uffect Lendor� rights in the •
<br /> ,proper¢y(suah ns a proceedina in b►►nkruptcy,probute,for condeninnGon or forfe[ture or to enforre laws or regulations),then '
<br /> I.cnder muy do uttd pay fnr whntavcr is nccess:vy to protect the; vnlue of the Property und Lender:s dghts in the Property.
<br /> Lendor'c actions may inqiude paying any sums secured by a lien whlch has priority over this Securi,ty Instn;iment,appearing
<br /> in couTt,p�►ying reusonable uttonieys'.fees iu�d enterins on thu Propercy to mnke repnirs,Althaugh Lender may txk�action , _
<br /> under thi�;�ragraph?,Lencter dnes not h3ve to do so. ;'�
<br /> Any amounts disbursed by Lc:ndcr under this para�rnph T shal! hecome additionnl debt nf•8orrowcr sccured by diis
<br /> Security Instrument. Unless Borrower und Lcnder agree ta othcr c�rms of pnyment,these amounts shall beur interest F,bm the
<br /> date of disbursement at tha Notc rute and shaQ 6c payable, with imerest,upon notice from Lender ta Borrower requesting
<br /> payment. � _
<br /> $. Mortgage insurance. If[.cnder rcquircd mortsagc insurnncc as n condition of mtilcing the lonn stcured by this ���� =_-
<br /> Sccurity insttument,Borrower shnll pay [he premiums required to maintatn the mongage insiuAnce in effect. if, for any �
<br /> reason, the mortgagc insurance coverege required by Lender lapse� or ccases ro be in effect;.Horrowcr shall pay thc
<br /> praniums raquired to�abtnin coverage substantiully equivalent eo the mortgage insurance previously in effect, at a cost
<br /> substantiaqy eyuivaler.¢:to lhe eost tu Borrower of tha mortgage insurance previously in effect,fram an altemate mortgage _-
<br /> insurer approved by Lcvider. If subst�ntially equivulent mortgage lnsurance covarage is not avaitabl�.Borrower shall pay tu -
<br /> Lcnder cach month a sum equal to one•twelfth of the ycarly mortgage insurance premium being paid by Borrower when the
<br /> insurancc covcrnge lapsed ur ceased to t�e in cffect. Lcnder will acapt.usc and retnin thesc paymcnra as n t�ss reserve in lieu
<br /> of mortgs�a.insurunca Loss reserve payments ntuy no longer be required,at the option of Lendcc,if mortgage insurance
<br /> coverog�(in the ama:nt�and for thc per►od thut Lender requires) providcd by nn Insurer upproved by Lendcr ag�in becomes
<br /> nvaidnble and is o[xs:nec3.Borrower shall pay ehe premiums requircd to maintain mortgagc insurance in effcct,or to provide a
<br /> loss restrve,until the raquiremen:for muYtgage insusance ends i��accordl�ice with any written Agreement between I3orrower
<br /> and Lcncler or applicable law. �
<br /> 9. Inspection. Lcnder or its i�gent may make�eusonnble cntries upon and inspcctions of the['ropc�ty. Lender shnll
<br /> give Barrower notice at the time of cr��n�r to nn ing&ection spocifying reasonnble cause for the inspection..
<br /> 1Q. Cundemnntioe. The praceccls af any aw.nrsi or cluim for damages,dicect or consequential.in connection with uny
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