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<br /> - • periode thnt Lender►equiros. The insurnnce caRier providing�he insuruue sh�l!be chosen by 8orrower aubject to l.ender's
<br /> .�,,,� approvAl which shull nat be unreASOnAbly wi�hhcld. !f Barmwcr fuils to maim�n coverAgc described ubove.Lrnder may,at
<br /> Lenderb optian,abtain ooverage to protect l.ender's rights in the Property in accordence wi�h puragraph 7.
<br /> --------.. All insurance policias and renewala shull be acceptable to I.�ender end shall include a swndard mortgage clause. Lender
<br /> -�°'-'�_'�°`� ahell have dte rlght to hpld tlx po�icies and renewals. If Lender rcquires.Borrower shall promptly give to I.ender all receipts
<br /> �?��;�``'"� of paid pnmiums arid ronawal notices. In the event af loss.Borr�wer ahall give prompt notice to the incurance carrkr and
<br />/= --- �" l.ender. Lender may mAko(►raof of loss if not made prompdy by Borrower.
<br /> .� A���,� Unless l.ender wx1 Bartower otl�crwir�c agrec in w�iting,insurance proceeds shall be applied to restoration or ropair of
<br />=:�;- L"==-�`� the Property dumaged. if the rcstoration or rcp�ir is eronomically feasible nnd I.ender's security is not :essened if the
<br /> - � restoretbn or repair it not �conamically feasible or Lender's security wauld be lessened,the insurance proceeds shall be
<br /> � '�; applied to iha sums s�ound by this Securlty Inswment, whether ar not then due,with any excess paid to Sarrower, If
<br /> __��!.-'`.;�.�� Bo�sower abandons the Aroperty.or daes not answer within 30 days a naace from l.ender t�at the insumnce carrier has
<br /> - .E�!7�
<br /> ,. affered to settle a claim,then Lender may collect the insurance pracee dy. Le n der may use the proceeds to re p a ir or restare
<br /> �6��;4'�
<br /> �;.. ��;+y;;�I,t the Property ar to pay sums secured by tMs Securiry Instrument.�vhether or not then due. The 30-day period will begin when
<br /> -- ��_�_���_ thc natice ir given.
<br /> � �;��.,_,;,, x�, : Unless Lender and Bonawet othenvise agrce in writing, any applicatian�f proceeds to princlpal shall not extend or
<br /> `= �-�-�"`����' s� the Juc date of�ho manthly pnyments referred to in parngraphs I and 2 ar chunge the amount of�he puyments. If
<br /> ----- _:-._�d�.�,:-::;_ P° t�►�
<br /> �.'Y.����:'"�"�" under pungraph 21 the Prapeny ia ucyui�ed by L��Kkr, B�rrowcr'.s ri�h:ta any insurance policies und proceeds r�exuUing
<br /> ' ,;�:�*'"�: ' from dumoge to Ihe PropcAy prior ta the acquisition shall pass to Lender to the extent af the sums r+ecurcd by this Security
<br /> . v.., ...�. .
<br /> �.��,�°p�„ Instniman�immediu�ely priar to thc ucyui�i�ion.
<br /> �� ,:,r �.b, 6. Qccupwncy. PreservAtlon. MAlntenaace And ProtecNon ot fhe P�opertyi Borrower's Lam Applicalloni
<br /> � >'���:�' "�.'-,, • I.es�eholda. BoR�wer shall occupy.estublish,and use the Praperty uz Borrower x principal residence within sixty days ufter
<br /> � `�• � '° �����. __ Ihr execudnn of�hiv Securily Ins�nimen�und xhall continue to orcupy Ihe F'ropeny ux Barrowerk principul residr+�ec for ut
<br /> "�i'���-����.:� Ieast una y�ur after tho dule af nccupancy, unlegs Lender Mherwixe ugrres in writing, which consent chull nut be
<br /> _'.:.a;eE;,,..�,�,.�?acc . unreuzanuhly withheld.m unlesx extenua�ing circumtitunces rxitit which we t+eyond Bamawer�contral. Borrower ahall not
<br /> destroy,dumuge or im}�nir the Pro�rly.allow the Pmp�:ny�a deteriorate,or cornmit wnste on the Prapeny. Borrower shall
<br /> — �._.�,.:,_ .�,.G.s I�in datqult if any farfeituro actian or proceeding,whe�her civil or criminul,is begun Ihat in l.ender ti good fuith judgment
<br /> i ���:� � ec►uld re�ult in iorfeituro of 1he Propeny or atherwise ma[erially impuir the lien a+eated by this Security Insuument or
<br />:�.j Lendark ra;curity interes�. Bormwer mny cure such�►detault und reinti�ate,ax provided in pamgraph 18,by causing the action
<br />_ �� or procaeding to be di�missed with u ruling�hat,in I.enderk good failh detertninatian,prccludes Porfeiturc of the Bocrower'.s
<br /> __ ,}...�.,,,> interext in the Property ar other materiul impairtnent of the lien created by�his Security Instrument or Lender's securfty
<br />�,�� , interest. Bomnwer �:hall s�lxo be in defuuU if Borrower. during the loan appltcetion proce4s, gave mnterially false or
<br /> -- inaccurnte informution ar stalements�o Lendcr(ar fAiled to provide Lender with any material information)in connection with
<br /> —° the lonn evidenced by.�he Note, including, but not limited to, repmsentations canceming Bortnwer's accupancy of the
<br /> �*� ~�'° ' ' ��' Property ax a principal�rosidence. If this Security Instrumen�is on a leasehold,Borrower shnll comply with all�he provisions
<br />=+���'-?��•_��_-=� of�he leuf;e. IP Borrow�er.acquires fee tiUe to the Property,the leuschold and the fee tiUe sha0 aat mergc unless Lender agrees -
<br /> __.�- � -- - to thc mergcr in writing.
<br /> 7. Protection oi I.ender's Rights in the Property. If Bortower fAils to perform the covenants and agreements
<br /> ���•;sr:'`-.' contuinad in this Security Intitrument, ar there is u legul proceeding that muy significantly affect Lender's• rights in the _
<br />- . property(such as u procoeding in bAnkruptcy,probate,far condemnution or forfeiture or�o enforce luws or regulations).then -
<br />_ . ��'���. [.ender may do und pay for whatever i�necessary to protect the vnlue of the Propeny and Lender:s rights in the Property.
<br /> � •';�U'' Lender's nctions may imlude paying uny sums secured by u lien which hos priority overthis Security lnstrument,nppeanng
<br /> ..., ,•,;,�;...
<br /> � � in court, puying rcnsonablc uttorneys'fees und enterin�t on the Propeny to make rep:+irs.Although Lender may take action
<br /> �e`_ ; ' ' • under thix par�graph 7.Londer does not huve to do so,
<br /> ;.�_ • � ., Any arn�wnts dictwn:ed by Lender under this parugruph 7 shull become additionul debt of Borrower secured by this _
<br />.�•� • '•�;.,.,, Security Insttument. Unless Borrower und l.ender ugrce w othcr Icrms of puyment,these amounts shall bea�inrerest from the
<br /> -- :'�%::';-� datc of dlslwnement s�l the Note rnte und shall be puyuble,with interest,upon notice fram Lender to Borrower reyuesting _
<br /> ,.•,:�,•.••�;•
<br /> • � . pnyment.
<br /> . . '��:�>1 � 8. Mortgpge Insurance. If Lender required mong�ge insuruncc a+ u candition of mraking the loan secured by this
<br /> � . ,���-;;:" Security Instrumern, Barrower tihall pay the premium� reyuired to muintain the mongage insurance in affect. If, for uny
<br /> ' �r;:,' �uson, the monguge in�urunce coverage reyuired Ay Lender lupxes or cruse. to be in effect. Borrower shull pay the
<br /> ' .��:��. � premiumn neyuircd to obti+in coveruge substnnti++lly ryuivulent ro thr monguge in�urance previously in effect, at a cost
<br />.- '."•�•�:',�;,; substuntiully eyuivalent to the cost to Borrower of Ihe mortgugc in+ururue previously in effect,from s+n altemute mortgn�e _
<br /> t' � �� insurer approved by Lendcr. If�ubtiluntiully equivulent monguge insurunce coverabe i,not uvuiluble,Borrower shull pay to
<br /> �� �'•''�• Lender ench month n�um equul to onc-�welfth of the ycarly monguge insurunce premium being paid by Borrower when the
<br /> � �"' inaurance coverage lapced or ceased to Ix in cft'ert. Lender�vill uccept,use and re�uin these payments us u loss reserve in lieu
<br /> .,�. ' of monguge insurunce. Loxs reserve puyments muy no longrr tx rr�yuired, at �he option of'Lender, if monguge insurance
<br /> -•"�'?•• cover�ge(in Ih�amoum und for the periud that Lrndcr require.l provided by an imurcr approved by Lender again becomes
<br /> . � avAilubl�und ix obtuined.Bnrrower.hull pay the premium.rcyuired to maintuin nx►ngugr inxuronce in effect,or to provide A
<br /> �. � ` 't;'';��� ` loss reserve,unlil the reyuirem�:nt for mortguge insuruncr end.in uccardance with uny writ�en agreement between Borrower
<br /> ;,•;i;`';,:.. and Lendor or upplicablo Inw.
<br /> ° ;:,:;.• , 9. Inspeclion. Lendcr or it.ugent may makc reurunublc rntrics u�x►n and iny�xctions oi Ihe Property. l.ender xhull
<br /> � � `." ' give Bormwcr noticc sn�hc timr ot'��r prinr ta:m in�pcc�iun,{xrif)•ing r�aaonuhle cau�e for Ihe inspection,
<br /> �• � !�' ��; •� l0. Condemns�tion. 71ie prcxecd.uf:my awurJ ur claim fur daniugrti.Jinr� ��r cunsryueNial,in connertiun with uny
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