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<br /> G, Qccupas�cy, k'�ia�ervntloj�, P/dalii4c�n:��cc niicl C°rnRcctlo�i oP thc L'roperty; Ro��roe,vc►•'� I.onn Appllcn�lou;
<br /> , ' l.cusel�olds. Bnrrower shall occupy,estnblish, nnd use the Property as porrower's principnl restdence witl�ln sixty days
<br /> � after the executlon of thie 5ecurity Instrument ttnd shnll wndnue to occupy the Propercy ns Borrower's principnl residenac
<br /> '."'` '' �� for at least one year nfter the date of ucctapancy, unless Lcnd�r otheiwtse agrecs in �vdting,which cansent shnll not be
<br /> ;„r _. unreasonably withhcld, or unless extsnuating clrcumstnnces cxiat wUich nre beyond Borrower's control. Bon•ower shnll
<br /> �- not destroy,damage or impair tha Property.ailow thc Property to detcriorute,or cmn�it wasic on the Pmpeny. Borrower
<br /> shall be in dPfm�lt if nny forfelture ecdon or procccding, whcther civil or crlminnl, is begun thnt in Lcnder's gaod fnfth
<br /> - iudgment could result in f�rfeiture of tlie Property ot othenvise matcrially Impalr the licn_cr�at�drby �i�isw��ca�uri�ty
<br /> v''�`==-�� insttumeni nr ix��uei's sacw ity int�rst. eorraY;rsr mzy cure 9liCA A llClQt!!L BRU ICll15l±!tC�e+a�ri����uw m ym�+g�up�� i.n..i
<br /> y"� causing the action or procceding to be dismiased wtth a ruling dint, in I.ender's �ood faith determinntion, preclud�s
<br /> - forfelture of the Borrower's interest in the Property or othcr muterlal impairment of the Ilen crcuted by this Security
<br /> �� Instrument or Lender's security interest. Borrowcr shall also be in default if Bonower,during the loan npplicfltlan
<br /> : �'�� proccss, gave n�aterially false or inuccurate information oi• statcn�ents ro L.ender(or failed co provide �.cndcr with any �'
<br /> materlal information)in co�ection wltti tl�e lAan evidcnced by the Note, including. but not limited to, representatfons E:'
<br /> � �'�� conceming Bonower's occupancy of the Property as a�rincipal residence. lf this Security Instrument is on a Iease hold, --
<br />`°��° ;"�� • Bonower shall wmply with all tiie provisiona�f the leasc. If Borrower acqulres fec title ro thr•L'roperty, ehc leaschald and "
<br /> ;�.,^,�.;• the fee title shall not merge unless Lender agrer,s to thc merger in writing. _,V
<br /> :....,.,.,-...� 7. Pratection a�Leaider's Rlgh4s In the Property. If Borrower fails to perform the covenants and agreementa -
<br /> ;���.k=•�� � � contained in this Security[nstnunent, or there is a legal proceeding tuat �iiny signiric�ne.y afiect i.ender's rights in th� t.
<br /> �. ���"�� Property(such as a proceeding in bankruptcy, probute,for condemnation or forfeiture or to enforce laws or regula[ions), -.
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<br />''-"' ��} Q�en Lender may do and p�y for�rhutever is necrssary to protect the value of the Ptoperiy and L.ender's rights in the =
<br /> �`e���1 Property. I.ender's actions may include paying any sums secured by a lien wnich has prlorlty over this Security =_
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<br /> �;,ri+t; Instrument,appearing in court,paying reasonable astorneys'fees and entedng on the Aroperty to make repairs. Although
<br /> _,_�,��.�,�,, Lender may salce acdon nnder this paragraph 7, l.ender does not havc to do so. �.,-
<br /> Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br /> ,�=.;_s:.: Security Instrument. Unless Borrower and Lender agree to other tsrms of payment,these amounte shall bear interest from =
<br /> -=.-vf�=— the date of diabursement at the Note rate and shall be payable, witl� interest, upon notice from Lender to Bonower
<br />`:�'�� requesting payment. _
<br /> ,,�.j�'� S. Mortgage Insurance. If Lender required mortgage insurance as a condition of making the loan secured by this
<br /> ,;,a.yr�� Security Instrument,Borrower shall pay the premiums reqaired to maintain the mortgage insurance in effect. If. for any
<br /> -"::,� reason, the mortgage insurance coverage required by Ixnder lapses or ceases to be in effect, Bonower sl�all pay the
<br /> -�r pron�iums required to obtain coverage substantialty equivalent to the mortgage inauraace previously in effect, at a cost
<br />�'�'�� aa�-taa.t:.tty:,qu�.:��::t ta th�rust!u T�no�rer of rhP morcnaee insurance previously in effect, from an altemate mottgage
<br />���;b�� insurer approved by Lender. If substantially equivalent raortgage insurance coverage is not available.Borrower shall pay to
<br />.:�:��c� Lender cach month a sum equal to onatwelfth uf the yearly mortgage iasurance nremiwn being pald by Borrower when the
<br /> _="'``_`'=�`'�'° insurance wverage Inpsed or ceased to be in effect. Lender will accept,use and retain these payments as a loss reserve in
<br /> — lieu of mortgage insurs�ncc. Loss reserve paymcnts may no longer be required, at the option of Lender, if mo�t,agc
<br /> .�___ insuraace caverage(in the amount and for the period that I.cnder requires) pxovided by an insurer approved by Lender
<br /> - _� again becames avriilable und is obtained. Borrower shall pay the premiums required to malntain mortgage insurance in
<br /> effect, or to provide a loss res�rve, until the requirement for mortgage insurance enda in accordance with any written
<br /> agreement between Bonower and I.ender or applicable law.
<br /> -�'�— 9. Invpection. Lender or its agent may make reasonable enules upon and inspections of the Property. Leader
<br /> -- shall�ive Borrower notice at the time of or prlor to an inspection specifying reasonable cause for the inspection.
<br /> 10. Condernnation. The proceeds of any award or claim for damages,direct or consequential, in connection with
<br /> any candemnation or other teking of any part of the Property, or for conveyance in lieu of condemnatton, aze hereby
<br /> � essigned and shall be paid to Lcnder.
<br /> In the event of a total taking of the Properry, the proceecls shall be applied to�he sums secured by this Sccurity
<br /> " [nstrument, whether or not then due,with any excess paid to Borrower. In the event of a partial taking of the Property in
<br /> which thc fair market value of the Property immedlately before the taking is equal to or greater than the amount of the sums
<br /> secured by diis Security Instrument immr,diatcly before the taking,unless Bonawer and I.ender otherwise agree in wdting,
<br /> the sums sacured by this Security Instrument shall be reduced by the amount of the proceeAs multiplled by the following
<br /> � � � fraction:(a)the total amount of the sums secured immediately befor�Qie taking.divided by N)the fair market value of the
<br /> -- Property immediately before[he[ai:ing. Any balwa��ii�il i�paid w�o;row;.r. :n tke ceeat of a F°s'tia! ca4.�g of•-1'•"
<br /> �' Propeny in which the fair mnrket value of the Property immediatcly bcfore the taking is less t2�an the amount of the cums
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