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<br /> � '', � �.' ° �' pe�i�►ds thnt Lende�re��uirea. The insurunca currier�:rnviding Ihe in�urance shull he clx►�en hy Borrnwer�ubjec� �o Lrnderti . �•.:1�.��we=
<br /> • . • a�praval w�hich xhail not tx unrcusonably wilhheld. If Bonower fuils��muin�iiin r�►verupe dcsc�ihcJ t�bnvc.LenJe�may,ut -
<br /> �:�' � L,er�der's option.abtafn caveruge lo protecl Lender a righlx in the Pro�xtty in uccardunce with pnru�raph 7. �''
<br /> .. All insumnce policiea und�enewnls shall be ucceptable to l.eader und tihall include a x�undurd mortgnRe cluuse. LendNr � •
<br /> shull hnve Ihe righl to hold�he pnlicies uad renewuls. If Leide�reyuirex.pormwer.r•hull pmmplly give lo I.ende�oll receipi+� � , ,
<br /> of�sld prcmiums nnd renewsl noticex. In the evenl�►f lo�,,Burrnwer shall Qive prumpt nod�e to the insurunce carrier and � �.
<br /> � � L.ender. Lender muy make prcxii of lo.r•s if not made prcxnp�ly by�onnwer. � .
<br /> •. , Unlesa I.rnder und Borrower o�herwi.,e Agree in writing, insuranre proceed+:�hull he upplicd�n re�inrudon or rep;�ir of '
<br /> � • i the Propeny damaged, if the res�orntion ar repufr is ernmm�irully feurihle und l.ender� securhy ic nut Ic,srnrd. If�hc !
<br /> j restorntion�r repnir fg not economicolly feu4ihle or l.encler!c xecuri�y would be lexcened, ihe insurunce pr�KCeJc �chall he
<br /> = applied �o the xum!�+ecurcd hy Ihiti Securiiy In�uument. uhelhe� ur not�hcn duc, v:ith uny cx�css paid 1�fl��m�wcr. If
<br /> Nom�wer nMundcx�� the Prnpehy, i�r d��e�nw unawer withln ,70 day+ ii noUcc 1'nnn Lc�xlcr Ihut Ihe in�urnnre currfer hu�
<br /> . �Ifemd to r,eltle a cluim.Ihen l.ender mny cnllecl thr inxurnnee pnxerds. Lender may axe the pnwecdv In 2���ir�ir n+lurr
<br /> the Propeny ix�o puy swnx�rcweJ hy�hi�Security Inwrumen�.wheiher ix nol lhen due. 1"he 1Q-duy�xri�xl will hegin when
<br /> �he nuticr{ti given,
<br /> � llnlcsx l.endrr and HoRUwcr o�hcrwi�c ugrcr in wi i�N�g, uny ��ppilcaiinn of prr►rccd�: to princi�:sl tihaH nat cxtend or •
<br /> posl�ne�hr due datc of the mix��hly puyments refermd to in parugn�phti I und 2 or change thc i�mnum of Urc paymen�s. It'
<br /> � undcr pur:�grq+h 21 Qie Pmperly ir ucyufr�Yl by Le�aler, O�Krower�ri�;h� �o+iny insurimcc �dirie�sukl pnxcrd+ revuUing '
<br /> i from dumage�a�he Pmpeny ptlor m the acyuisi�ion shall pasx lo l.ender to�he ex�em ai Ihe sums�ecured hy�his Security .
<br /> 1 Insln�ment immeJfu�ely priar to Ihe acyui�ili�m.
<br /> • I 6. Accuponcy. Preserv�ticM, Malntenance and Protcetioa of the Praperlyt ItorraN•e�'s I.naa AppUcallan;
<br /> Leasehold9. Borrnwer xhall cxcupy,e�tablivh,und use�he Prupeny aa Hnrcuwer�principnl resictence wi�hin�ix�y Juys af�rr
<br /> � Ihe eaecution af�hic Secu�lty Instrument aad.rhall canNnue lo accupy lhe Properly A4 HoROwe�4 principnl rccidence far u�
<br /> , � leust one year nRer the dute of cecupuncy, unless Lender dhenvise agree4 in writing, which consent tihall not be
<br /> i unrea�onnbly wilhheld, or unless exlenuating circumstance�exivt which are F�eyond Borrowerc conlrcil. Bormwer�hall not �
<br /> �._ � dastroy,dumage or impuir�he F'�aperty,nllow the Property ta deteriarn�e,or commit wax�e on�he Propeny. F)nrrower shull � .
<br /> � be in defnult if any forteiture s�rtion or prceeedinR, whether civil or crimin:�l.is hegun thar in Lender's g�xxl fui�h judgment , � �
<br /> � could result in forfeiwre of the Propehy or otherwise male�ially impnlr Ihe lien crculed hy Ihie 5ecurily Inxlrumem i�r
<br /> Lender 4 xecurity interesi. Borrower muy cure such u defauli und reinsla�e,u�provi�kd in paragruph IB,hy cuuying the i�clion
<br /> ar proceeding to be dismis�ed wi�h a ruling tha�,in Lender�gaxxt fni�b determinu�ion,precludex forPeiture af�he Borrnwer z . . �}
<br /> - inlerest in Ihe Propeny ��r olher mnlerial impuimient ot' �he licn crcuteJ hy�his Securily In+trument or I.cnder: xecuriry �'°
<br /> - int.rest. Burrower shull alxa he in defuult if Borrc�wer,Jurin� Ihe laun upplicutioo process,gave materi:dly f�dce or ti �r=
<br /> inaccuraie inionnatian or s�a�ements�a l.ender(nr fuiled lo pmvide Lencler wiih nny material infnrmatiunl in cM�nection wi�h i ��_ �
<br /> the loan evidenced by �he Nae, including, but nn1 limited lo, reprexentulions concerning Borrowerl cxcupunry af Ihe � • , ,
<br /> Propeny ns u principul resxknce. If�hix Scruriry M�trumem i�an u leuschold,Bonower shall com�ly wiih ull�he�►rovitiionx
<br /> of Ihe lense. If Bnrrower acyuires fee title to Ihc PmpeAy,ihe leuxehold and�hc fce litk shull not mergc unless Lender ugrceg
<br /> — to the merger in writin�. �
<br /> 7. Pratectbn nf i.ender's Rl�hls in Ihe Prvry�erly. I(Rurrowcr 1'uil� �o �xrliam Ihe cnvennnl� uixl agreements � ,.'��',
<br /> 1 contoined in thi�Secu�ity Inxlrument, or�here i. u Ie�e:d prcxecding thnt nu�y xigniticm�Uy ultec� Lender� rigl�tr �n Ihe " _�"
<br /> , Propeny(ruch us u�xoceedin�in hunkruptcy,prohute,fi�r cnndrmmnim�or liKl'riuim or lo entiircc luwx or regul:�iion•► ihrn ;r��+
<br /> � Lender mny do and piry fnr v�hulever is neceswiry to prolecl Ihe wdo�• of�hc Pm�xrly �md l.ender: righls in Ihc Pro�xny.
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<br /> i Lender's ucti�m�muy incl�xle puyin�uny sums xecured by n licn whirU hn. prii�ri�y ovrr ihi.Srruriiy Imirumrnl.;ip�x+�rin�. . , . , �
<br /> • in coun.puyin�rruson�iblc nuixncy�'I'ccx und emcring �in die Pn��xny lo mnkr repnir+,Ahh��ugh l.cixkr mny Inkc nclf�►n ,• �<!i��f�r=
<br /> � under this pamgruph 7.Leixler docs nal huvc 1��do s�i. � �'�'��' .1,,. ��,
<br /> Any umouNs dixbuned by Lendrr under this para�rnph 7 tihull hcci�me +iddiliopyl dcht ��f Borri�wer sccumd by thi� �
<br /> Security Instrument. Unless Barmwer und LcnJer aRrcc to�Nhrr lrnn�ul ptryment,ihese miwunts+hal l hau•inlcrc+l I'rom Ihc �� _
<br /> Ju�e af disburcemem ut thc Nae r:��e und shull be puyuble,wilh inlerexl,upm no�irc trom Lcnder���H��rmwc�rcyueslin�! ,' " ..;.
<br /> poymern. � .
<br /> 8. 111�Kt�aRe InAUrance. It'Lendrr rcyuimd rnorlgaEr iusurnnrc n�n runditinn nl'innki��E Ihr(oun srcurrd hy Il�i. '
<br /> Security In+�trumenl. Boirower xhull pny Ihc premiumx reyuind Ia muimuin d�r mon�u�r imuroncr in cl'tecl. II, fitt nny ' .
<br /> rcuson. Iha mortguge insurunce coverugc requircd f.y l.cnd�r lup+ex ar censes lo Ix in M'f'ec�, Hc�rn�wcr shall puy Ihe
<br /> 1 � premiumx required to ohlain coverugr xub.umtinlly equivalenl 1�� ihe mungagr in,ur.�ncc �������.iy ��, elTeci, sil a ro.i I .•
<br /> subsiuntiully eyuivulen�to ihe rnst to H�xrnwer uf�he mong:tgc inwr.�rne �xcviou�ly in cl'1'ecl. I'rum un��hemutc m��U�!agc i � .
<br /> insurer upproveJ hy Lender, If subs�uniiully cyuiv�drn�num��itic inyuruarr coveruge i�nu� uvuiliihle. Hormwcr.h�dl pay lu , '. . ''.
<br /> Lender each monlh a sum eyual�o one•Iweltlh of the yeiuly nu�rl�uge insurance prcmium t►ein�x puid hy 13orcower when Ihe ' . ..
<br /> , . insu�unce covernge lap�ed�K ccnxecl to tx in effecl. l.endcr wi II uccc�l.uye amJ rrU�in Ihexe paymcmx ns n luss rc�rrvc in licu .,
<br /> � I of nwhgo�c insuruncc. Luxti mservc puyments muy no lunger he rcyuircd,nt thc opiicx�of Lendcr, il'morlguge in+uruncc : , �
<br /> cuveruga lin ihe umounl unJ fur the perial Iha�Lcndcr requirexl pruvidcJ hy un insurcr upprovcd hy l.cnder u�nin Ixcumrx
<br /> � nvuilable und is abluincd.Borrower sht�U pny Ihe prcmiums myuired io mninl�iin monguge insurunce in etiect,or�o pn�viJe+� •
<br /> { loss recerve,until Ihe reyuirermnl ior mortguge innurunce emis in:iccordnnce wilh uny wrilten ugreement hetween Hormwer
<br /> I and Lender or Applicable law.
<br /> 9. Inspecllon. Lrnder or i�s ugent muy mukr m:ix�+nnhle enlric+u�xin and in�perlians ul'Ihc Pmperly. Lcndrr�hall ;
<br />_ � give B�rrower notire ut�he time of or prior tn�m insper�ion xpecil'ying rensonuMle ruuze tiir�he impectiun. '�
<br /> 10. CondemnYtion. The pnxrcJs of uny i�ward or clnirn fnr J�imnpes.Jirccl or conxeyuenlial,in cunnection wi�h imy
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