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<br /> „ � for the periods th�t L.ender requires.The insunnce car�ier providing Ihe inau�ance:hall be chosen by B4rrower:ubjec�m �__ :_,:;� --
<br /> ' , " l.ender's spprovol which:h�ll nw be unreatonably withheld. If Borrower faita lo maimain coverAga described above.l.ender
<br /> �'' •' , ' nuy��t l.ender's option. obtain coverage to protect L.en der's r ig hts in t he Prapeny in accor da n c e w i i h p a r a g ro p h 7. ` _ _ __
<br /> ' All insutance policies and renewals sball be accepuble a i.enda�nnd shall include a smndard mongogc ciauca LcnJcr �::-�;_- _
<br /> 5 _ _
<br /> � ahall have the right to hold the pnlicies and renewals.if Lender requires,Borrowcr shall promp�ly givc to L.cndcr all recciptS � • .;,
<br /> ' ; . , of paid premiums and renewa)notices.!n the evcn�ot loss. Bnrmµcr shall gi�e pmmpt n��i{�e u�the in�urance carrier anJ -_ ---•
<br /> ., ' � Lendet. L.ender may make proof of ioss ft no�made promptly by Borrow•cr.
<br /> � � Unless l.ender and Borrower o�herwise ag�ee in writing. insurance proceedS shall he applicd��resi�raii�m or repair � '��� _
<br /> ^ � � ' of the Property dam�ged. if the restotation o�repair is economit�lly feasible and l.endcr's sceuri�y is not Icxscned, If thc
<br /> tes tar a�i o n o r r e p�i r i s n o t e c o n o m i c a l l y f e a s i b l e o r l.e n d e�'s securit y would be lessened,the inaurance praceeds chall be �-,. ` �
<br />- • . applied to�he aums seeured by Ihis Security Inxtnu�ie it.whether or not then doe,with any excess paid tn Hurroa•er.l(Borro�ver �
<br /> abandar�s Ihe Proputy,o�das not answer wi�hin 3Q doys a natke from LenJer that �he fnxuronce carrier has offereJ to ,-;
<br /> ' aettle a claim.then Lender may collec�Ihe Insunnce praecd�.Lender may usc the prcxeed�w npair or restorc�hc Pmpcny �y ,.;
<br /> ,� or to p�y sums saured by this Secu�ily instrument.whaher or nnt Ihen due.The 30•day peried will hegin��•hen the nn�ice ._
<br /> '. . . . ' is givet►. � ,
<br /> Unless Lendet and Borrowcr atherwise agree in w�iting,any applicatian of ptacedx to principal shall not ex�enJ
<br /> • ' or pos�pone the dua date ot the monthly p�yments refcrred to in paragraphs 1 and 2 or change�hc amaunt af thc paymmts. _-__
<br /> ; If under paragraph 2l�!►e Property is acquired by Lcndcr,Borrowcr's right to any insurancc p�+�icics�nJ pnxceds rcculting ==__
<br /> irom damage to�he Propeny prior to thc acquisitien shall pass h►Lcndcr�a Ihc cttent�+f thc sums sccurcd hy�hia Sccurii�• P' �- --
<br /> Instrument immediately prio�to the acquisition. t �;�
<br /> 6. Occupancy, Preservation. Mai�tenante and Protection of the Troperir; Borroa•e�s Loan Appflcation; ,.._ �'° _
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<br /> ' Leaseholds. Bonower shall occupy,est�blish, and use the Property as Borrower's ptincipal residence w•ithin cixty day�� �--
<br /> after the executian of this Security Ins�n�ment and shall continue to excupy�he Ptopeny as Bormwer's p�incipnl re�idence
<br /> for at least one year aRer the date of occupancy,unless Lender othenvise agrees in e•ri�ing,a•hich consent shall not be '�.�r�
<br /> ' un�easonably withheld,or unless extenuating circumstances eaist which are beyond 9orro���er's cnmrol.Bor�ow•er xholl not ';��
<br /> ' destroy.damage or impair the Propeny.allow�hc Propehy to dcierioratc,or cnmmit wactc on�hc Pro�eny.Bormwer shall �. _ ;,�
<br /> '� be in defaalt if any forkiw[e action or procecding,whe�her civil or criminnl,is begun�hat in Lender's gMx!faith juJgment `'.`- �
<br /> cauld rcsult in forfeiture of the Property or otherwise materinlly impair thc licn created by�hix Security la�trwnent or Lemler'� F:_-,�
<br /> securiry interest.Borrowe�may cure such a Jefault nnd reinstate, as provided in pnrograph I8. by causing the actiun or k�T_�_
<br /> prcxeeding to be dismfssed with a ruling�hat,in Lender's gaocf faith determinatian,precluJes farfeiture of�he Barmu•er'c ��..-:.._.s.__
<br /> interest in the Property or other ma�erial impairment ol the lien created by �his Security iiw�uununt or l..enJer's securit}• ti-_�-
<br /> interat.Bortower shall also be in default ft Borrower.during the loan Application process,g:+�e materially false or inaccu�a�c _ �;;;;
<br /> intormetion or elatements to Lender(or faHed�o providc L.cnJcr with ony mn�erial infurmati�m)in conncction wi�h die Man �;_;.:
<br /> eviden¢ed by the Note, including,but not limited lo, representatfona cuncerning Nnrruwer's acupnncy oi iLc Fnrywrt}'as ...�;_� -
<br /> I a principal residence.lf this Security Instrument is on a IeaseholJ,Borrower sball camply�vith all lhe provi�ions of the Iease. f _�,_� �_
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<br /> If Borcower acquires fte title to the Property,thc IeascholJ amf Ihc fec�itic sholl rn�l okrgc unlccc Lendcr�grce�io �he �__
<br /> ' � • ., i merger in writing.
<br /> 7. PrMection of Lender's Rights in the Properl}�. If Borrower fails to perfurm the covenants and agrecmcros �*���
<br /> 1 ��,.:
<br /> � contalned in this Security Instrument,or Ihere is a legol proceeding that may significantly 3fRct Lende�'s�iRhts in the Propeny �
<br /> (such as o proceeding in bankruptcy,probate,for condemnation nr forfeiturc or lo enforcc la���or regulations),then Lende� � . .�.�`'' y__
<br /> may do.and�y fer whatever is necexsary to pratcct thc valuc of thc Pruperty nnd Lendcr's rights in thc Prnpenp.Lcndcr's _—_
<br /> � , aetions may includa paying any sums�ecured by a lien which hos priori�y over�his Securiry Inatrumcnl.oppearing in cuurt. � '� :Sc:��
<br /> � paying rcasonable attorneys' fees and entering an the Property 1� make repairs. Although I.ender mny take actinn unJer
<br /> this par�graph 7, I.ender does not have to do so. � ^•�� {� _
<br /> � Any amounts disbursed by Lender under this paragroph 7 sholl become additiunal debt of Borro��er secured b}►thic i ; :__
<br /> ' Security lnstrument.Unlea�Borrower and Lender agrce to other terms af paymcnt,these amnun�x shall bcor in�crect from }}�,=.
<br /> the date oF disbursement at the Note rote and shnll bc payahle, «•i�h interest,upon notire from Lendcr In Bnrro��•cr tcqucsling � ._,_.� ..,:'.:
<br /> payment. � _ __
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<br /> � S. Maigage Insu�ance. If Lender rcquircd mongngc insurance as a rnndi�ion of mnking the li��n secu�ed hy this _ _
<br /> Security Instrument,Borrower shall poy the premiums required ro moin�nin the martgoge insurance in effect. I!, far om• ; :�•s_
<br /> reason,lhe mongage insurance coveroge requireJ by Lendcr lapscs ur cca�cs a�bc in cfkct. B�xru�.•cr xhall poy�hr premiums _
<br /> � required to obtaln covetage substantially equivalent to the mortgage insurance previ��u�ly in e f fcc�,m n cnst cuhsian�inllv •.
<br /> ! equivalent to the cost to Borrower of�he mortgage inaurance pre��ioucly in effect,fmm an al�crnate m��ngage inxurcr apprnsed
<br /> � by Lender.1(substantially equivnlent mortgage insurnnce cm•crnRe is not avnil�hle,B��rrmrer shall pay to Lender each mnnth
<br /> � a sum equal to onrtwelRh of the ytarly mortgage insarancc prcmium bcing pniJ by Rnrra��cr a�hcn�he insuranrc cm�cragc
<br /> � lapsed or ceased to be in efkct. Lendcr will Accep�,use ond retain thcxe p�ymems a�a Ic+xs rescr�•c in licu nf morlgagc
<br /> I insurance. Loss reserve payments may no longer be required,at the opii�xi af Lender. if mnrtgage incur�nce ca��erage lin
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