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<br /> � pedads that L.ender requirca. The lnauranco curicr pmviding the insurance shell be chosen by 8arrower subject to Lender'i�
<br /> �pproval which�hell not be unreasonably withhcld. If Borrower fails to moint�n coveroge descdbcd obove,Lender may,at
<br /> � Lender's option.obtain coverage to protect Lenebr'x rights in che Property in accordance with p�rugraph 7.
<br /> All insurauce policies ead renewals ahall be acc�ble to Lender and shall include a standar+d morlgoge clouce. Lender
<br /> � shall have the dght to hoid the policies and rcnewals. f Lender requires,Borrower shall promptly give to Lendcr�II roceipw
<br /> of paid prcmiuma end renewal notices. ln the cvent of loss,Borcower shell give prompt nodce w tho ineurw►ce curler w�d
<br /> l.ender. Lxnder may make proof of loss if not made promptly by Borrower.
<br /> -�-°_- --= _ _�. Unless Lendcr nnd Horrowcr Mherwise agrec in writinR.inaurance proceeds shall be applied to rcstomtion or�+epair of
<br /> the prnperty damaged, if the restoretion or repair i9 economkaliy ieasfble and Lender� cccurity is not Iessened. If the °'�
<br /> restoration or�pair is not ecanomically fcasible or Lendcr'�security would bc IGSxened.tha insurance procada ehall be
<br /> — applied to the sums secured by this Secu�lty Insuument,whether ar nat then due,wi�h any excesa paid to Bomower. If
<br /> Borrower abandona the Property. or does not anawer wi�hin 30 days a notice from Lender that the insurance certkr hss
<br /> _,�� offered to settle a claim.then Lender may collect the insurance praceeds. Lender may use the procads to repair or rcatone
<br /> -__ _`a� �he property or to pay sums secured by thia Securiry lnetrument,whe�her w not then due. The 30-day period wjll begin when _
<br /> - the nodce is given.
<br /> �� Unless Lender and BoROwer otherwise ag�+ee in wrlting,any application of proceeds to principal shall not extend or
<br /> ;;�=� pustpone ihe due date of thc monthly payments�efened to in paragrnphs I and 2 or chunge ihe amount of the paymenta. If
<br /> `— under parngreph 2� 1he ProPertY is acquired by Lender.Borrower�s righl to any inauraace policies and proceeds resuldng
<br /> �- - from damage to the Property prior to�he acquisition shall pass to Lender to 1he eatenc of the sumc securcd by thic Secudty
<br /> �— lnawment immediatel prior to the acquisit�on.
<br /> .� 6. OCCYPAIICy,PreservpNon, Mointenance ond Pratection of the Property; Borrower's Loan AppBcAtion;
<br /> I.easeholde. Borrawer shall occupy,establish,und use the Property as Bortower a principai residenco within sixty days aRer
<br />'=_�i;� the execution of this Security Insaume�t and shu0 cantinue to occupy the Property as Borrower�s principa!residence for at __
<br /> --- least one year aNer the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be
<br />,-����- .�..• unreasonably wlthheld,or unless catenuating circumstances exist which ac+e beyond Borrower�s control. Borrowcr shall n�t
<br />'`;�:,,�� �,, �..�";� destroy.damage or impair the Property.�Ilow the Property to detedorate,or commit wacte an the Property. Borrower shall
<br /> ;�= be in default if any farfeiture actian or praceediag. whether civil or cr�mirtal,ic begun that ie Lender�s good faith judgment
<br />:_',_'����}'� wuld result in forfeiture of thc Property or othcrwfse ma[e�ially impair the lien created by this Security Insaument or
<br /> ' - Lender s security interest. Borrower may cure such a default cmd reinstate,a.g provided in parngraph 18.by causing the acdon
<br /> =---_-���;;, .: or praceeding to be dismissed wlth a ruling thut.in Lender's good faith determination.precludes forfeiture of the Borruwer's
<br /> � �� ?'��;,'+; imerest in the Properry or other material impairtnent of the lien created by this Security Insbument or Lender's secudty
<br /> : •� ��,:
<br /> =�`:y:�*'���' interest. Borrower shall also 6e in default if Borrower, dudng�he loan application proceas, gave materially fnlse or
<br /> h�,,}''�f r�..:{��+ inaccurnte informat[on or swtements to Lender(or falkd to provide l.ender with any matcrial informetion)in connxtion wit6
<br /> :;m°+�;:,,,,�;,�",. •� the loan evidenced by the Nde, including. but nw limited to, representations conceming Borrower's occupancy of ihe _
<br />�"`s"'�`""'a'-��� pn��erty as a principal residence. If�his Security Insttument is on n leasehold,Borrower shall camply with all the provisions
<br /> _ -�.�� -
<br />.�' �;''+ , of the lease. lf Borrower acquirea fee title to the Property,the leasehold and the fee ti�ie shaii not merge unlc�y i.��xier ag�es
<br />'����q;" { to the merger in writing. -
<br /> �•��"t'�� 7. Protecibn of Lender's Righta in the Propeny. If BoROwer fails to perform the covenents nnd agreements
<br /> cr,��t .;..,
<br />. :-�,.� �-k: . contuined in this Security Inswment, or there is a legal proceeding that may significantly affect Lender's dghts in�he
<br />':,;�at�,;r•;,r;•,:.;� Property(auch as a proceeding in bankn�ptcy,probate,for condemnetion or forfeiwre or to enforce luws or regulations).then
<br /> �.:, , Lender may da and pay for whatever is necessury �o protect the value of the Ptoperty and Lender!c rights in the Property.
<br /> ���'�'�� ' Lender's sctions may include paying nny sums secured by p lien which has priority over this Security Instrument,appearins
<br /> • '�� '.�: in couR,puyin�res�sonable uttomeys'fees nnd entering on the Property to muke repair�. Although Lender may taice action _
<br /> . c� under thia pnragraph 7,Lender dces not huve tu do so,
<br /> • ���+> •��•���- Any amounts disbu�sed by Lender under thi�prrugraph 7 tihall become additionul debt of Bornower secured by�his _
<br /> "x,'i.`��,,�'`� ' Security Inatrument. Unless Borrower und Lender ugree to othcr tcrtns oP puyment,lhese umounts shnll t+ear intereat from the _
<br /> •'��", date of disbursement at t h e Note rnte a n d s ha l l b e payn b le, with interest, u p on natice from Lender to Bomower requesting
<br /> �'f�;'., ' a ment.
<br /> ��;-��; .���'� • p y S. Mortgage Insurance. If Lender rcquired mortguge insurnnce as a condition of muking the luan secured by�his
<br /> :;�::;;1','���:'�'s� c Secu�ity Instrument,Bormwer tihall puy the premiums required to maintnin thc monquge insurunce in effect. If. for nny �
<br /> -�'— d;r;;,�+'._, reason. the mortgage insurnnce coverage required by l.ender lupsea or ceases to be in effect, Borrower shall pay �he
<br /> ."°�� �" pnemiums requlred to obtnin coverage substnntially equivalent ta the monguge insurnnce previously in effect, at u cost
<br /> ���•�.�b�s . substuntiully equivulent ta the cost to Borrower of�he mortgage insurance previously in effect,from nn ultemote mongage
<br /> '.,i;�4i a��� ',„ insurer upproved by Lende�. li xubsmntially eyuivulent mortguge insurvnce covernge is not available,Borrower shall pay to
<br /> : •��•�•,�:_ „ Lender each month n sum equal to one-twelfth of the yesuly mortguge insurrncc premium being paid by Borrower when the
<br /> �"``".�' insurance covernge lupsed or ceatied to be in effect. LenJer will accept,use:u�d retuin these payments us a loss reserve in lieu
<br /> ''.�."'=""��� , of mortgage insurance. Lass reserve paymcnts muy no longer be required.•rt the option of Lender, if mortguge insumnce
<br /> " � coverage(in the amount and for the perial thAt Lender rcyuires) pmvided by un intiurer upproved by Lender nguin becomes
<br /> , � �,' . uvniluble and is obtuincd.Borrowcr shull puy the pnnmiums rcyuired�o mainlain mortguge insurunrr in effect,or to provide u
<br /> �~ loss reserve,until the rcyuitement for matg+�ge insurunce ends in accordance with uny written ugreement between Borrower
<br /> • and Lender or Applicublc Is�w.
<br /> d_.�::.�. 9. Inspeetion. Lender or itti ugrnt may make r+cusonable emries upon and inspectionx ot'�he Property. Lender shc�ll
<br /> _ ' give Bortower notice ut the time of or prior to un inxpection sperifying reusonuble cause iiir Ihe impectiun.
<br /> � - M � l0. CondemnAtion. The praceeds of any a�wurd or ciaim titt dz�mugrs,Jirect or cun,eyuentiul,in connection with uny
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