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<br /> s r pmods d�at Lender c�equices. 'f]�e iiuur�mce c'�i�'P��ing thr insu�ance shalt be chosen by flarower�subjec[to Lender� `
<br /> a�pmva!•vtiicb sh�lt not(x uooeason�biy wit6heW. If BoRORZr fails to maintain cnverrge desCribed abovc,[.ender may.at
<br /> � �,p���p�c�t,�taiQ�oye�ee yo p�+okct 1.endGr's rights in.thc Propeccy ia accoEdaztCC with parugr�pG 7•
<br /> � � ��po�c��s and t�aKwals shall 6e�cceptabk to Leitder aad sAall inctude a standard mortgage clause. ixnder �
<br /> � s1�it have the rigi�t to Iwtd tfie polir:+es and mrewals. If E.tnd+er cequircs.Bortower sbal!pmmptt�r.givc ta Leeder a!t receipts
<br /> _ : of paut Q�emiums aad Yenew�i nonrFs. fn d�e cvrnt of[ass.,Baimwer shal!give pwmpt notice to thc insuruue carries�id
<br /> � Z,ender.l,eoder may make proof of Insc if nat maile pranpdY by Bortower. � . .
<br /> Un1�ss Lender and Bo�rower nU�wise agnee in wnw�g.�n�urance prareeas shall be applied tu rectoration or cepair of
<br /> � �prupetty dsmaged,if!he t+estorrtion,�r nepair is ecanomically feasible:snd Lender's �ecurity is not lessened. If the
<br /> �- rcsto�atiqi or repair�s not aa�anically feasible os l.ender�_security woul�6e lessened.Ehe i�urance praceeds shati br
<br /> �pp�a to the sums sccurcd by this Security[�trument,wfKttxr or na then due. u�ith any esce�p�id ta Borrower. if
<br /> - _ �o�mwer abanda�s tlie property.or das not answer within 30 days a notice from L.ender ttiat the wsurance catrierhas
<br /> offeKd to settk a claim,then Lender may collect the insurance proceeds.. L,endet may use the pcoceedc ta repair v�mtore •
<br /> the ptopetty a to pay sucr�s socurcd by this Securfty insuument,whether or not then due. 71�e 30�day period wi116eSin when
<br /> tlre notice is glven.
<br /> v�jp�ss 1�r�det and Borto�ver�nvise agcee in writing,any application of proceeds ta principal shall not extend or
<br /> postpo�e qK duc due of the momhly payments rrfemed to in paragraphs 1 and 2 or cd�nge t6e amount of the paymencs. if .
<br /> undec puagraph 2i the Property is acquired by Lender.Borrawer's right to any insurrnce policies and proceeds resulting .
<br /> fram damage to the Propecty prior to tix acqeisiuoa shall pass to Lender to the extent of the sums seeured by t1�is Security
<br /> Insau�nt immed'iately prior to the acquisition.
<br />_ �. tkcrpaicy, Preservatio� MaintenancY and Piroteclion ot the Prapert�r,,Borrower's 1.a�e Appikatioa: � _ _ _
<br /> = l,e�etio'1d,�. Borrower shall oecupy.establish.and use the Property as$orrower's principal r�idence within si:tty days after --
<br /> � the execuaai of this Security Instrument and sha11 continve to accupy the Property as 8orrower's princiQaf msidence for at ---—
<br /> = least one }�ear after 11�e date of accupancy..unless l.ender att�e�arise agrees in writin�, which consent shal! not 6e ___
<br /> _- _ — un�so�bly withiyeld,or m�2ess extenuating circumstances exist which ave beyand Bormwer:s cantrol. Norrower shaD not _-__
<br /> -_- destmy.d�mage or imp�ir the Property,ailow the Property to deteriorate.or commit waste on the Property. Harmwer sitall _
<br /> — be in default if any forfeitute acticm or pracading,whether civil or criminal,is begun that in L.eoder's gaod E�siruh nidgment
<br /> - . cauld�esuh in forfeiture of the Rcsperty a aherwise materially impa'u the lieu created by this Se�mic� I�srcment or ----.
<br /> Lender's security interes� Bormwer may cuie such a defauit and remstate,as provided in para�rsph E S_6g caw�the action �--�-=
<br /> � or pmceedin$to be dismissed with a rulin�that,in Leuder's•good faith determination,precludes feefeiture oFtf��arrower's ,
<br /> ` ' interest in tl�e Propecty or othet materiat iaty�retst aFche lietr eRatea isy tfiis Secudty Iastra�seist or L�i�era aecucity ��' -�
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<br /> interest. Bortower shatl atso be in defauit if Borro�cef during[he laan apptic3tiun proeess, gave materi::tly fatse or ..,_�t,�.
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<br /> - inaccu�ate infapna�ion orstatements to Lender(or failcA to pmvide f.aeder witt�,any uiaterial informatian)in conrtection with � •t4��-�: _
<br /> _, the loan evidenced by ihe 1Vote. including, b�rt not timited to, repr�entatio�s cunceming Borrowerc accupancy af the :��;�
<br /> - Ptoperty�a principal residence. If this Secunty Instrument is on a f�ehold, orrower shaq compty with aU the provisions r.;.•z;:..
<br /> of the lease. if Sarrower acquices fee titte to the PropeRy.the leasehotd and the fee title shall not merge unlesc Lender agrees =:-.'._��_
<br />_- to the merger in writing. _---
<br />-• 7. Proteetion of Lender's Rtg6ts in the ProQecty. If Borrower fails to perform the covenan�.s and agreements �v+a.
<br /> � cantained in this Security Insuumen�or there is a te�ai praceeding that may signifccantly affect Lender's cights in the ����;�
<br /> �� `� + robace.far condeRsnatian or forfeiture oc to enforce laws ot re ulations).then �"'"�=-
<br /> Praperly(such as a proceed'mg in banksup�.p g ;,,,,,� :. ,._
<br /> � l.endev may do and pay for whatever is;�e�.cary ta protect the value af the Property and Lender+siahGs in�he Property. i�;,,��::.;,:=�
<br /> ' � :,��, Lenders actions may include paying any sums secured isp a tien which has prioriry aver this Securiry lnztrument,appearing ��-,::i���;_-_—
<br /> �.•• in court,paying reasonabte attameys'fees and enterin�un the Property ta make repairs.Although Lender ma�ialce action -��� �:z v
<br /> ;��r:r� �,•,
<br /> ��> under ihis paragrapb 7.I,ender does nat havo to do so. ; �'===
<br /> ,��- Any amountti disbursed by Lcndcr under this paragraph 7 shaq becume ad�i�ional deht af 8oaower+crured by ihis :,,.
<br /> °�� Security Insnument. Untess Bartower and Lendcr agree to other term+of payment,these amounts shall brar interest fram ihe ��
<br /> , i:'"` ' date af disb�rsement at the Note ratc and shal!bc payable,with int•r.re+z.upon rtoticc from Lender to Borrower reyuesting . __
<br /> ; payment. . �-__-
<br /> • S. Mortgsige Insuranee. If Lcnder reyuired matt;age imurance ar a conditi�;�of making the laan +ecured by thic °;.z. ':
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<br /> Security Instrument.Bortoe�r.hall pay the premiums required to main�ain �he�r-u�gage insurance in effect_ ff. for any , .
<br /> .. '.. '- reason, the mortgage in5urance covera�e requimd by l.ender lap�cy ��r cea�e� to'be in effrct. Barrower��a:'1 pay the . ^�
<br /> , ;�,, premiums required ta obtain wver�ge su��tantially eyuivatent ta the mongage imurancc prrvion,ly in cffect,at a covt '. ,�..Q;:
<br /> • ��� substantialh ryuivalent to the co�t to Bo►�v-�er of the mortgage in�urancc prcv�ou.ly in�ffect,fr�r1 an alts�ate morigage , ;�;
<br /> -��' � insurer approced by Lender., If substarai�.11}equiva'err mortguge intiurancc ca��cragc i�nnt avait»(i'•�.BorrnA��r thall pay to � •• _.
<br /> • . b.ender each manth u sum cqual tn one-twclfth af the}��ariy martgage imurancc prrmium being paid by Bnrr��:Y�when the . —
<br /> • insvrance covertage lap�ed cr ceased to be in effcrt. Lendcr wiU accep�,utie attd retain ihetic paym�ro►.a�a las��c�rve in lieu � ,�.`_.
<br /> . • � �y, of tnartgage i�surunce. W.�rererve paymenl�may no longer tx:rcyuircJ,a�thc ��ptinn of'l.cndcr.if mortgaac insurance .. �
<br /> •'�� '.° co��erag�tin d�_amaur.t ar�d for thc periud�hat l.ender reyuireti►pmvidcd by an imurer appraved by Lender again bccomc� . �y
<br /> ' • acaila�'.�.�.n�i c.+abtained.Bonoa�er 5hal!phy�he premiumti reyuircd tt�.maintain mi�rtgagc in�urance m effect.a�t�provicie a ,. .
<br /> ...', •} ic�ss reserr•e.unti l t he requia;r.�ent fnr mc>r tg�ge intiura ncc e n�a i n 4cti��r da n co�ci th����u ritten agreement t+etarer#�orraaer -• ., .
<br /> ,•,•-.� ar,d Lcndcr ar applicablc Ia;b �'ll;-• .
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<br /> ... .,y�:r 9. fnspecUun. Lender or itti agcnt may mal�c tt�ti��a:�ble emric�up��n and irnprctiun�of'lhc Prupert��. L�:ndcr�hall
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<br /> .,_- � . ' `�- • ive Barrowc�notire:�t the tiine of or prior ro an in.}x:::�sn specifying rca,��n.�blc cau.r lur�lir in.prctiem. _
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<br />. ., '�"'..{�, . b 10 Condrmnation. Thc pr��cced�of any�au;.t;,�c�rclaim fordama�c..direc� ur c��n��Y�ucntial.in canncction wiQ�any
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