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<br /> � �. perio�s tivt l.ender r�q�s. 'If�e ius+nanbe c�rter pmvidiea tAe ins�ux�sh�lt 6e chosen ty Bonower subject a La�deek, ,
<br /> appooval rrhitfi�hait nnt 6e ax�a�b�x'�'��W. tf Horrower fsits a mai�uaie coverage.descriQed sbove.I.ende�m�y.at
<br /> l.ender�op�on.obtain cove[age:Yo proto�K I.ender's rigMs in the Ptopeny in accadmce vritR pnagr�p6 7.
<br /> , • AIl irtsuRanee Pt+tides and�er�ewaLs sholl be axepable to{andet�shall inciude a stailda�d mortgage clsuse. LeMe� .
<br /> , shalt t�ave the r}gM ta hold�t p�olicies a�Y!rc�iewals. If t�.ender retluires.E�lomower shai!pcompQY give tQ 3.ender a!!receipts
<br /> �P�P�ians�nd�enewd notioe�. In the event of lass.Barrov►et shall give pmmpt notice to the imsuraice canier and `
<br /> � i.ender. t�et�der msY m�ke�x'°°f of loss if not madc promPUY bg Barnwu. � ,
<br /> ___
<br /> . .. Udest Lxeder and$onrawu airervi+isc apee in writing.insurance praroeeds sha11 be applied ro testacation ar Rpaiir af
<br /> ��P�Y.��+if the resia�ia�►or rsp�ir is•ecaoomic�fiy feasibte a�xf i.etxttr's secarity is nat ksu�- ,
<br /> iestoration uc iepair is nat ecanomicallY [e�ibk or Lrnder's security v►ould ba lessened.the inwr�u�ce P�oceeds s6all be
<br /> applied to the sums se�.�ut�d by this S+tcurityt irauunknt.wlxther ar not�Ixn due.�vi�h any cacess paid fo Bamvrer: ff
<br /> Bo�rvwer abst�dons the Ptopetty.or 4��answer within 30 days a notice fcom.Lendcr that the in.sur�nce ca�ier has
<br /> � . offered co sealt a ciaim.dkn Lender may cotlect the inau�anca pcoveeds. l.en�kr may use the proceeds ta�epaic a ce.uone' ,
<br /> � . We ptoperty oc to pay sums sec�aod 6Y this 5ecurltY tnsuument,whetitier ar na ihen due. The 30�day period will begin wlKn
<br /> d�e naice is given. , sliall na extend`ac'--
<br /> UaTess Letdet aad 6anower otT�wise agrce irt writing,any apptication of procads w princi[�a1 _
<br /> postpone the due date of the awnthlY payurents refertea to in paragrrphs 1 �nd 2 or change the amaunt of thc.payments. If
<br /> under p�ngraph 2i the PtoQerty is acquired by Lender.Bortower's right to any asurance policies and praceeds nwltu�g
<br /> C[om d�unaEe to the Fmpnty prior 10 thc xquisrci�shail p�ss to Lender co the exrent of thc rums secured by this Sa;urity t
<br /> Instnunent inunectiately prwr to Ihe acquisiria�. - �
<br /> i► Occsp�c� Praesvsfio�e. NWrtew�ce s�d Pcotectbo d t�e Property: Bmru�eer's Lo�a A�:
<br /> �,�e�oNL�. gomnwer sha11 occupy,estabtish.aac�use the Property as 9arrower's-pnncipal resideact withio siaty days afar
<br /> :tbe exa�ion of this Securiry i�ru�eni ard sha11 contintse ta accupy the Pcoperty as Bomnwer's princiQal residence f�at
<br /> least a�e yav after the date of occu�ancy. untess l.ender wl�erarise �grees in writing. which cansent sha11 na 6e -
<br /> tuu�easonablY rvithheld.or unless'estenuating cinvmqances esist wi�ich are beyond Bormwu's cantrol. Borrawer shall not -
<br /> destt+ay.donwge or impair the Ptoperty.altow the PtopertY to deteriorrte.af commit waste an the Ptoperty. Bomnwer shall
<br /> be in default�f anyforf�ituoe actian as praceeding.wbedrer civi!or c�riminal.is 6egun that in I.end.^�'s gaocl faith judS�rient
<br />_=- could r�esult in forfeiture of the Ptoperty or ot'herwise materis�lly impair the tien created by this Securiry [nsnument or
<br /> Len�kr's security intenest.,Bormwer may cure such a default and reinstate.as provided in p�ragraph 18,by causing the action •
<br /> - or prvoced'mg to 6e dismissed with a suliag Wat.in l.endet's S�faid�detem�ination.pcecWdes forfeiture of the Boaower x
<br />- iTrterest in the Property or other material impaim�ent af tbe tieo created by this Securiry Instrument or i.ender's"securiry
<br /> inte�est. Bortuwer shall alsa be in defauit if Borrower.during the toan application process,gstve materially iatse or .
<br /> �est
<br /> inxcarate infonnation or sEatements to I.ender(ar failcd to provide[.ender witp any material infotmat�on)in cannertion with •
<br /> " the taart evidenced by the Note, inctuding. but not limited to.representations conceming Borrower's- occupancy of the '
<br /> - - Pcope�ty as a grincipal residence. If this Securiry Instrument is an a IeASehold.Bormwer shall campty with aA the provisions
<br />- of the lease. If Bamwec acquires fee title to the Praperty;the le�ehald and the fee titie shall not me�ge unless i.ender agr�ees
<br /> ' to the merger in wriiing. ,
<br />=_I.�� 7, protection of I.ender s Rights in the Property if 8arrower fails to perform the wvenants and agreements
<br />';`` contamed in this Secuticy Jnstrument.ar thcre is a lesal proceeding that may sign�cantfy affect Leader� rights in ihe
<br /> � pmpecty(such a4 a proceeding in bankruptcy.probate.for candemnation ar fodeiture or to enfarce taws or regolations).then
<br /> - Lendec may do and pay for whatever is necec.rary to protect the value af the Property and 1.ender:s tights in d�e Ptapeety
<br /> Lender�s actions may include paying any�ums secured by a lien which has priosity over this Security Instrumen�appearing
<br /> in wuA.paying reasonabte attomeys'fces and entering on the Property co make repairs.Although l.ender may take action
<br /> under this paragraph 7.Lender does not have ta da so. _
<br /> Any amounts disbuned by Lender under tisiy paragraph 7 shall become additional debt of Borroaer secured by this �
<br /> Security lnswmcnt. Unless Borrawer and Lender Agree ta o�her terms of paymem,these amaun�ti shall bear interest from ihe _
<br /> date of dis6ursemenl At thc Note rate and shali Ue payable.aith interesl.upon notice from Lender to Sorrower requesting _
<br />. , payment.
<br /> & Mart�age lnsuranet. lf ixnder required martgAge insurAnce ati a condition of making the kaan securett by this
<br /> Security Instrum��.�Bonawer shall pay the premiumti rcyuire�f to maintain fhe mortgage insurance in effect. if far any
<br /> ' reason, the mortg:._�_insurance caverage rcyuired by Lender lapscs ar rea�es ta be in effec� Barrower shall pay the _
<br /> � premiums�equired to abtain caveruge substantially equivalerte to Ihe moriga�e insur�.acc previously in effcet, at a eost _
<br /> >. substantially ec{uiv�tent to the sa�to 8orrawer of the maAgagc insura�ce prev�austy ur et'ect.from an altematc m�ge _
<br /> insumr approved b�F G.ender. If�::bstantially equivalcnt mangagc intiurance coveragc�ti ncsl available.8orrower shaQ pay tn
<br /> Lender e�ch mo:'�e[t�.sum equal to one-twel�th.c�'the ye:►rly ma»gage in4ur.sttce premium being paid by Borrower when the
<br /> ins�:caace cover�ge tapsed ar cea.�ed ta ke in eEc�. l.endec will uccept.asc:;ad retain these paymeniw as A toss reserve in lieu .
<br /> �- of.�r��ge insurance. Lakw reserve p�yme-i;•„•y na tanger be required.at the optian af Lender,if mongagc iasurance ,
<br /> , : � co�e�,�;:(in the amount and for the per�od c:-�zc i.endcr rec�ua�1 provided by an insurer approved by Lender ag��n becames -
<br /> - avA�lab}e und is o.btained.Borrou er�ha1l pa�L�prcmiums r��a:•:ed to maintain m�rtgage insurance�n eifect.or to prat�ide� _
<br /> . tuss reterve.until[�:reqai�ement for mart�a�e�^�ur7nre ends in accord_rce wilh:my�vcitten agreement betwcen&!amwer _
<br /> and Lcndcr or ap�:`.sable law.
<br /> ' �9. Inspecti�n. Lcnder or its ugent.=�::k c�alce rca.yonablc entrir�u4n�und in.pcctians of thc Propcny. l.cnder tihall
<br />--, .';-:
<br /> givC Borrower notice at ihe tim.oF or prwr tr►aa inyprction specifyi��g rr�a�o:�able eause far�he iati�rti�n.
<br /> • 10. Condemnation. The�:cxeedy aP any�ward or claim fur dama=e�.direct or ransequcntial.in cannection with any _
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