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<br /> appivval which sWdt aoc be ut�saasbly wW�Aetd. It Barrower fails to.mainuin cor�erage described above:i.e�der may.st . .
<br /> l.endel�S o 'oin._abnie coN to p�olec,ti L:enQer�rights in the Ptope�ty in h prsgcaph 7. -- -
<br /> -_—--...— -� — ._�_ . accada�wit�,..,--...R.-�_. �_.�� .�.u. - - � ---- --
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<br /> uHi�3i�ii �`�=-s'a—_'�-�—'-'--� __- - . _.
<br /> sLatt lq�ve ti�e right w 6old Ibe policies�nd anewais. Tf ixnder requiKS.Barm�rer sJ�a{1 P�Pa9 BFv�to i.�nder�t!receiRts .
<br /> < uf pid pcenuams and neaevvat notiocs. Irt ttK evrnt of toss.&xrowa shatl give prampe rxxice to the ins�urance cartier�nd. '. .
<br /> l��dec Leoder may toakc�oaf af toa�s if ncit made P�P��Y bY 8ortower.
<br /> � Untess l.sader uid Barov►rer alierwisE a�e irt wrid�g.insurance proceeds sha11 be applied to remi�ation a mQair of
<br /> ihe Prnpeity damaged:�f the restocatiaue oc nepnir Ls ecaoumuallg feasible�d Lender's�urity is na tessened. If the � :
<br /> t�estoration ar repav is nd.xonaaicaliy fe�si�k or I.enders securiry_�rrould be[essened.tt�c insurarice pmcceds shalI be
<br /> � �pplied to the sumc sFc�uad 6y`this Seeurity Inswment,wlKtber or not then due,with any excesg ptid to Barrower�. if
<br /> Botrower aU�dons tbe PtapertY•or dExs not answrer withia 30 days a notice from I.ender that ttie uisurance,carriee h� .
<br /> offe[ed to settle a ctaim,then Lender may�collect the insprance proceeds. 1-enaer may use the pmoeeds to�pair or restar
<br /> tl�e Qtopp�ty cx to pay sums sec�ued by this Seiurity Inctrwnent.whether a,nat then due. 'i'tie 30-day penad w�begin wt�en
<br /> , t6e notica is given. . . � • : _
<br /> ' Unfess i.ender and Baror�u ott�e�wise agne in writing,any application of procaeds to principal shall aot extend or �
<br /> postpone the due d�of the ma►th{Y Pa�ients refrnM to in puagrdplis 1 and 2 or change the amouat of tbe payments. If
<br /> u�ier.pvragriph 21 the Ptope�ty is acquired hy Lender.Borrawer's right to any insurance policies and�pracecds zesutting
<br />-_ &um d�m the Ptvperty prior w tbe aequisitinn shatl pass to Lender to the eztent of the swns secured 6y this Security
<br /> -__ lnst�ument immediatety prior W the acqtiisition. �
<br />_ f, po�ypa�cy, Ynservafio�, Maiqteesnce aad �atectioa of tbe Propet�fy; Borrower's.1.o�RR.A�; -- --
<br /> - I,easel�pld� Borrower shall occupy.estabtish.and use the Praperty as Borrow�r's principal residence witbin sixty bays af►�c
<br />=- the eacocution of this Se�uiry lnstrumatt and shal!continue to accupy the!'�operty as Borrower's ptiACipal residence for at --
<br /> --- — kau one year �fter tbe date of occupancy, unless Lender ottterwise agrees in writing, which cansent.shall not be • —
<br /> - = nn�e�sanaMy withbeld.or unless�tenuating cirrumstancas eaist wAich are 6eyond Bonuvvers conhol. Bamower shatl not
<br /> - � desaoy,damage or impair the Property,allaw the Ptope�ty to d�teriorate.or commit waste an the Pmpecty. Borrower sfiall .
<br /> - be in defaatt.if any fafeituce action or proc�i�.whetl�er ciril or criminal.is begun ihat in Lenders gaod faith judgment
<br /> -- - could resu(t in forfeiwte of the Prnperty or otEiecwnse materialty imFair ihe lien eceated by this Securit�Iaswment or ,
<br /> - L,ender's secarity�ntepest Borrower may cure such a defautt and reinstate,as provided in paragraph I S,b}�causing the actiort �
<br />_- or proceeding to be distnissed with a ruling 1hat,ur i.ender�good faith determination.pcecludes forfeiture of the Barrower's �°
<br />- interest ia tLe Property or other materiat impaismene of thc li�rcreated�by�his Securiry Instrumen[or 1x�derS security.- .. . :-�``.
<br /> interest Sorrower sliall also be in defauJt if Borrower, during the laan appiication process, gave materially false.a� -=---~,_�
<br /> inaccusxte infocmazion ar statements to Lendet(or failed to provide i.eader with any material infotmatiun)in connectian ari�;
<br /> _-- the loars evidenced by the Note, irrcIuding,but nat limited to. representations conceming Bornower's accupancy of th� : �.?��_
<br /> � . Property as a principal re�idence. If this Security Instrument is on a leasehold.Borrower sball romply with all the provisians �
<br /> - of the lease. If Borroaer acquiies fee title to the Prape�ty,the leasehold and the fee tide shall nat merge ualess Lender agreea �.. �.�-;f:.�
<br /> to the�r in writing, .=
<br /> � 7. Ptotectbn o��ender's�Rig6is in tl�e Property. If Borrawer fails to perfomt tite wvenants and agme�t�
<br /> contained in this Securiry lnswment. or thece is a le�al proceeding that may significaniiy affect Lender's righu�m:1[te ,
<br /> - Property(such as a proeeeding in bankrnptey,proba.e,for condemnation or forfeitureor to enforce laws or.segulations).�h� _
<br /> - Lender may do and pay for whatever is necessarv to protect the vatue of the Prape�(y und Lender's rights in ehe Praperry, -
<br /> ' Lender's actions may mctude paying any sums secared by a lien which has priotity over tbis Security Instrament,appeanng . .
<br /> in court,paying reasonablc attomeys'fees and entering on the Property to make r+epairs.Although Lender:.,ay iake actian "�;. =� ., :�
<br /> under this paragraph 7,l,ender daes not have ta do+a. " `�"'.� .�•
<br /> Any amoun�s disbursed by Ler�er under this paragraph 7 shall become additional debt af Barrower secured 6}'�s �'-�' -__
<br /> Security Instrument. Un1eti.5 Borrower and Lender agee to other terms of payment,these amounts shall bear interest from t17e _ -
<br /> • date of disbu�sement at the Note rnte und shall be payable,witb intere�,apah notice fmm l.crtder to Borrower reyuesting .:
<br /> . � = paymtnt. -:�=. •
<br /> �� 8. Mortg�$e[nsurance. lf Lender required mortgage insurartce as a w�Fition of making�he loa�s�cured by this .i.°i�_':. :.
<br /> , j.' Security Inrtrument.Borrower shall pay the premiums required ta m�imain the rnnrtg�e insurance in effect. tf.fos artm �==._`�;:�-=•,-_
<br /> rea.son. the martgage insurance wveragc requireJ by l.cnder lupsey nr ceu.ev to be in effect. Borrower shall pay th� : • __
<br /> � . premiums required to obtain coverage tiubst.�ntialty cquiv�lent to the mongagc intiurance pceviousiy in effec�, at a coyt � . �
<br /> subrtantialJy cyuivolent to the cost to Borrower of�I:�mongage insurance prcviausly in rffect,from an ai-�nate martgage � �
<br /> '. insurer approvect by Lendcr. It'substantiully equiva:znt mangage insurance covcrs�gc i�nat�vailable.Borroccer shall pay to r�-:-.. _,_"
<br /> � .. Lender each month a sum equal[o onc-twelfth�f the yearly martgagc in�ur;mcc premium being paid by Barrawer when thc '•'-:ya:�:
<br />, _2 insurance coverage tapsed ar ceased to he in ci'fect. L.ender will accep►,u.e And retain these paymenis as a loss resetv�in ticu '�'''�.
<br /> s 8 P'Y Y �' 9 P S S ,' «�::�
<br /> of mart A e insumnct. Losx rescrve .� mentti ma na lon er he re uire0.at thr o tion af l.ender. if mart a e insurance Y �:�.
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<br /> " covcrage Un thc:�muunt:�nd for the periad that l,endcr requires)pravidcd hy an imurer a{�pruved by Lender a�ain hecamey . , -• ���
<br /> .. ' available and is ubtained.8�rrower shall pay Ihc premium�required to maint;�in mm�gagc insur�nce in effect.or to provide a ��.'
<br /> losx reserve.until ihe requiremcnt for moAgage imurattce end+in:�ca�rd:mce«ilh any wriuen agrecmcnt between 8orroa•cr ;�� ' • •
<br /> � and Lender or applicable law. . � ' , �
<br /> 9. InspeeNon. Lender or it�:a�.nt muy makc rea.�onable entric,upon and in,pectiun4 c�f the Pri�peny. l.encler�hai[ E
<br />' 1 fl,[ � ,
<br /> �. - ��+°``:� give Burrower notice t►t the time af ar prior to an inspertiun tipecifqing rc:uimable cau.e f��r Ehz in�pecticm. . ' '
<br /> . . "�..;.. - - !0. Condemnation. The proceed�.of any a.�•ard or cl.�im fi�r damag�ti,dlrect ur runyequential,in cunnection wiih any - . �� •.•
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