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<br /> _ '� � � , ' 92� 105759
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<br /> — perfoda Ihut Lender requires. Ttic inxuru�uc currier providing�he in+�uruncc shull be choxcn by F2orrowcr rubject to Lcnderk
<br /> '��"�"'��"� approv�l whicn chull not be unreusonubly withheld. If Nartower fuilr+t�muintain caveruge deycribed Atx►vc,L.ender muy,nt
<br /> ,�;�;��;-;� Lendark optlon.obtuin caverage to protect LendePs dgh�»in lhe PrupeAy in ucco�dance wi�h paragraph 7.
<br /> '���.=''�' ' ' All insumnce policie+nnd renewuls shall be ucceptable to Lender wul xhall include a K�ondard mortgage cluure. [.ender
<br /> �M�;, shall luwe the�ight to hald Ihc policies und mnewuls. If Lender tcquires.Barrower shall promF+tly give lo Lendcr all receiptR
<br /> f'�•�° of paid premiums�nd n:newAl noiices. In�he event of la.r•s,Burrawcr yhull give prompt no�ice to the in►urance carrier and
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<br /> ,,,_: L.ende�. Lender muy make prc�af af loss if nM mude prompdy by Bum►wer.
<br /> � Unless Lender and Barrower othcrwise ugree in w�iting,insuronre proceeds shall be uppiied to nestoratian ar repai�of
<br /> ':� ihe Propeny dumuged, if the restomtion ar repair is eronumicully feusibl� und Lcn�kr+ �ccurfry is nat lessened. If the - -
<br /> rcs�orntion or rep�ir is not eronumically feasible or Lenderk secun►y wauld bc les�ened, Ihe insurance proceedc shall be
<br /> `-� '�;;;' npplied to the 4umx securcd by thix Security Inxtniment. whether or ncu then due, with any exceag paid to Borrower. If
<br /> �v�`K"�'�' Borrower ubundons the Property,or daes not unswe�within 30 duya a noticc from l.ender�ha� the insurancc car�er has
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<br /> ?�;•>- .�-,,:F,.r* affered to senle a cluim.�hen Lender muy collect the ingurnnce ptaceeds. Lender muy use�he proceeds to rcp r or restore
<br /> ' the Propeny or to pay sums secured by thia�Security Instrument.whether ar not thcn due. The 30�day period will begin whe�
<br /> _ -�-- � �� ihe noticc is givcn. _�
<br /> �,�,: � ; Ualegs Lender und Borrower atherwise ugree in wri�ing. nny npplicution of proceeds to principul siwll not extend or
<br /> ___�-`•—�" �. postpone the due dnte of the monthly payments ncferred to in purogruphs 1 nnd 2 or change the amount of�he paymen�s. If
<br /> 4 under paragruph 21 the Praperty is ucyui�ed by Lender. Borrawer's right �o ony insurunce policies and proceeds resulting
<br /> �� ""``''�"`'�� ' from damnge to�he Propeny pdor to Ihe ucquisitian shall pasti to Lender to the extent of tNe suma secu�ed by this Secudty
<br /> T.�uw�r�;a :
<br /> Instrument immediAtely priar to the acquisition.
<br /> ��+.�•.�. 6. Occuponcy. PreservAtion, Maintenance and Protection o/ Ihe Property: Borrower's Loan Appl(cption;
<br /> ,.�sea�:�:•,,,,�;k l,enseholda. Borrower shall occupy,establish,und use the PropeAy us Borrowerk principal residence within sixry days ofter
<br />—=a= -.' ' - • the executian of this Security Insuument and shnll c��xinue to occupy the Propeny as Borrower's principal residence for at _
<br /> -• � c leust ane year after the dute of occupancy, unless Lender otherwise agrees in wridng, which consent shull not be
<br /> - — • unreasonnbly withheld,ar unless extenuating circumstances exist which are beyond Bortower5�control. Borrower shall not r
<br /> � deatroy,domuge or impair�he Property.nllow ihc Piroperty�o deleriorate,or commit wa.ste on Ihe Propeny. Borrower shall
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<br /> a814�;.. be in defAUlt if eny forFeiture action or proceeding,whether civil or criminal,is begun thot in Lender x good fuith judgment
<br /> '�` could recult in forfeiture of the Property or othenvise muterinlly impuir Ihe lie� created by thia Security Instrument or
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<br /> •:._'��. ..,.... �:��;,,�� Lender�secu�ity interest. Borrower muy cure auch a defuult und reinstute,ns provided in paragraph 18.by causing the action
<br /> -��' ,. � or praceeding to be dirmissed wi�h a nding�hut, in I.ender's goad faith determinatian,precludeR forfciture of the Borrowcr'a
<br />�.�•+�� . � . , ' � interext in the Praperty or other materiul impairment of the lien created by Ihis Security Instrument or Lender's security
<br />:'?��, interest. Borrower shull nlr,� be in defuult if Barrower, during the lonn upplication pracess, gave meterially false or
<br />`~=� . inaccurote infornnation ar stutements to Lender(or fuiled to provide Lender with any muteriul information)in wnnection with
<br /> ;;�'� the loan evidenced by the Note, including, but not limi�ed ta, representations conceming Borrower's occupancy of the
<br /> - :�' .�..•Y- o�t thertcASe aif BorrPower aayuire�fcrhiile to itkyf'mperty eihc!ca holdyand lhe�fe�elile sha!!aet m rge un!gIR I�.�nrpler aigirees
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<br /> . • to the merger in writing. __
<br /> � � 7. Protectlon oP l.ender's Rights in the Property. If Borrower fail,to perForm the covenants and agreements Y__
<br /> � ' contained in this Security Instrument, or�here is a Iegul proceeding that may significuntly affect Lender's rights in the ;;:---=
<br /> ' !' . � � � � • property(such us n proceeding in bankruptcy,probule,for condemnution or forfeiwre or to enforce luws or regulations),then e,�__
<br /> � � ' • Lender may do und pny for whntever iti neccssury to protect the vulue af the Property and Lender's rights in the Property. _
<br /> • �� -~-• LenderY uctions may include puying nny+ums secured by u lien which has priariry over thie Securiry Instrument,nppearing �._
<br /> • in cauh,pnying reawnuble uttomeys'fecs and entering on Ihe Property to make repairc.Although Lender may tuke actian
<br /> . under this purugroph 7.Lender dces not huvc�o do xo. �
<br /> . Any wnounts disbu�sed by Lender under thi+purugruph 7 tihall becomc udditionul debt of Barrower secured by this �
<br /> : ��� Security Ins�rument. Unlcss Borrowcr und I.cndcr ugrce to o�hcr term.of puymem,these umoums shull beur interest from the
<br />. � date of disbursemrnt ot the Notc ratc nnd shull be paynble,with interetit,upon nouce from Lender to Borrower requesting ��.�..
<br />_ � -" �"� payment.
<br /> _ '. 8. MortgaRe Insurance. If Lender required mortgagc insurunce os u condition of muking Ihe loun secured by�his �;`�:;
<br /> Security Inxtrument, Borrower shnll pay thc premiums rcyuired to muintuin d�e mortguge insuruncc in effect. ff, for any ��_
<br /> reason, the morlguge insurnnce coveruge required by Lendcr lupses or ceuxes ta lx in effect, Borrower shnll p�y the �-:-
<br /> premiums required to obtain covcr�+ge su6stantiully eyuivulem ro the mohguge inyuruncc previouxly in effect, u� n cost = __
<br /> ' '. substuntiAlly equivnlent to the cost �o Borrower nf thc mort�!�►ge insuruncr previouxly in rffect,from vn oltemnte morlgage _
<br /> -. • . .. insurer upprovcd by Lender. If+ubstuntially eyuivuknt m�mguue inzurunce coveruge i.r• not uvuilable, Bomower xhall pay to
<br /> l.ender ench month n sum cyuul to onc-tweli'�h of Ihc ycurly mongugc insurunrc premium being p•rid by Borrower when the =_
<br /> '� insurunce coveruge lup�ed or ceasrd to t+c in effrct. LenJer will arcep�,u�r�nJ rctuin thrse paymen��u+a loss reserve in lieu R�'
<br /> of mongage inxurunce. Los. reservc pi+yments muy n�+ longcr 1�rcquired,at thc i�p�ion ul'l.endcr, if morlguge insurunce ���
<br /> caverage(in the umount anJ for the�xri�xl tha� Lcndcr rcyuirrs►provided by un imurcr appmved by Lender oguin becomes °�.
<br /> �-5 uvnilable nnd ix ubtuined.8orrowcr tihull pay thc prcmiums rcyuircd to muinwin munFu�r inxuruncc in cffect,or tu provide u
<br /> � - � loss reserve,unlil the reyuiremen� for murlgi�ge in.urvncr endti in ucr��rdunce with any wrinen ugrcement between Borrower
<br />:: t � - � und Lendcr or upplicuMr I•rw.
<br /> . 9. Inspection. Lendc+•�ir it�a�cnt may mukr nu+�mahlc rntric,upon aixl ins�xrtiun.r of thc Pni�xny. Lender�hull 1�
<br /> give Borrower notice ut thr timr of ur priur Io un in.Excliun,prcil'ying r�:►��muMr cau�e tiir thr in.Excti�m. t
<br /> � .. l0. Condemnation. The pnxced�uf un�'awarJ�ir claim fur danr,i�c,.dinrt ur run+equenliid.in cannrc�ion with uny �
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