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<br /> :���� � 92— 10�o9z
<br /> � perloda�hnt Lcnder rcquires. 71►e inauranco cu�ler p►ovlding thc insurance ahull be ch��en by Barrower subJect to Lender's
<br /> -_�, approval which�hall not bo unreasonably wilhheld. If Borrower fulls to malntuin coveruge described above,Lender may,at
<br /> "� L.endor�option,obtuin coverage to protect Lender's�ights in the Praperty in accadunce wlth puragroph 7.
<br /> „ All insurance polfciea end rcnewAls vludl6e acceptAble to Lender wid shall include o standurd mortgage clause. Lender
<br /> shall heve thc right t�hold tha policies ond rencwals. If L.ender requires,Borrower r�hAll pramptly give to Gender All reccipts
<br /> of pai�premiums and nencwal notices. In thc event of loss,Borrower ehall�ive prompt nwicn to�he in:uronce caRier and
<br /> - Lender. Lendcr muy mwke proof of logw if not muda promptly by Borrower.
<br /> ,.— � """ � Unless Lcnder and Borrower atherwisc agree in writing.insurance praceeds shull be applied to testoration or repair of °
<br /> ' the Property damaged, if the restorntion or repuir is economicnlly feasibk und Lender?s securiry is not lessened. If the
<br /> � ' restoration or i+ep�ir ia not economically feasible or Lender's security would bc lesr,cned, the insumnce proceeda shall be
<br /> �' '°` applied ro the sums secured by this Secu�ity I�stmment,whether or not then due, with any excesx paid to Borrower. If
<br /> _ °7 u&r�r � Borrower ubandons �he Property, or dces not s�nswer within 30 days a nodce from L.cnder that the insurance carrier has
<br /> sn
<br /> ' oifered to settle u claim,then Lender may collect the insurnnce proceeds. Lender may use the proceeds to repair or restore
<br /> 'v.�v�-.� .�� ��� the Property or to pay sums secured by this Secudry Inatrument,whether or not then duc. The 30-day perfad will begin when
<br /> �`►�'`y``""•"";'.. ' the notice is given.
<br /> "'`'�r' ' �`'� iculion of raceeda to rinci al ahnll not extend or
<br /> �,,���?':;r'.,;,:.;�; Unless Lender and 8orrower otherwise ugree in writing,a�y appl p p p
<br /> _—�,�•r,�n;.,';:�c;,;" ' 'E x postpone the dua date af thc monthty payments referred to in pamgrnphs 1 and 2 or change the amount of the payments. If
<br /> ��.�i;J,•:?:;;,;:;:;�;'�'.�`:.
<br /> ��„�ry;��,,:;,,�y;�.,,.h; under paragraph 21 the Propeny is acquired by Lender, Borrowerk right to any insurance policiea und proceeds resulting
<br /> ,:1�;,`:�i;•r;;'• from damage to the Properry prlor to the acquisition ahall pass to Lender to�he cxtent of the sums secured by this Security
<br /> � �`° Inwrument immediately pdor to Ihe acqu�sitian.
<br /> ~'°��Prr"• �"'" 6. Occupancy, PreservMlon, Maintenance And Protectlon of the PropeMyi Borrower•s l.oan Appllcatloni
<br /> _—.;_;.�<<� , ,,,,.. — I.easeholds. Borrower sh�ll occupy,establlsh,end use the Propeny ns Rnrmwerx prfncipul residence within sixty days ufte� _
<br /> + �':*••��� •• the execution of thia Security Instrument und whnll condnue to occupy Ihe Propeny us Borrawerti principal residence fi►r at
<br /> �• �,;�:•;.i�' •- least one ycur after the dute of occupurn:y. unlexr� L.ender atherwisc ngrecw in w�iling, which conr�ent xhall not bc
<br /> ..��"„ ' unreasonubly wlthheld,ar unlexs extenuating circumr�ancex exiat which ure heyond Barmwer�control. Borruwer shull nu1
<br /> —.�^° ��•�;�y:, des�my,dumage ar impair thc Property.allow�hc Praperty to detcr��ru�c. or cummf�wuwc an�hc Property. Borrowc�rhall
<br /> . ` I�c in default if any forfciture ucNon or prcxeeding,whelhcr civil or crfminal, i�hegun thut in L..enderk g�od fAith Judgment
<br /> -_ " could mrull in fartequre �►f the Propeny ur adicnvine mu�eriully impuir�he Ifen crcutcd by thix Secu�ity Inw�rumeni ��r
<br /> '�'�+���'�- L.enderk xecu�ity intere+t. BoRUwer muy curc huch u defuuh uixl rcb��o�e.ur providcd in pnragraph 1 t{,by cuuKin�t ihe uctiun
<br /> -- :".'.''�`�"'" ��r pr�xccJing w hc dlsmi�scd with u rufin�ihut,in Lcndcr�g�MKI fuith��tcrminutian,precludc�turtci�urc�►C�hc H��m�wcr5+
<br /> - .... inlerexl in thr Pr���xny ur uiher materiul impuim�em of�hr Ilen rnuted hy thfx Srcuriiy Innlrumcnt or L.enderv sccurity
<br /> � ;;�;,;�;<<,.-�� � intcrca�. BoRUwcr shull uIM� he in dcl'uult if Burr�►wcr, during thc I�wn upplirutinn prcxesti, guve mu�erfally 1'c►I�c e�r
<br /> —: inuccuru�e inf�mnation ur x�atemenlK ta Lendcr 1or i'uiled�u pravidc I.ender with uny muterful infurmutian)in wnnectiun with
<br /> '"''' r'°�• • the li�an evidenced hy tha Nore, including, hut nut limiled to, mpresentu�iuna conceming BorrowerK accupuncy of the
<br /> _ ��u.•:�..n�..�
<br /> -_ --:—.- -�-�a Pn�eny a�a principnl rcsiJencc. N ibi�Scwwiiy iu.i�uuiaiii i.�nt a I�akhai�, S8fiY7tL'Cf SIii1II CDiit}�!3 lvith a!!the proe�isions
<br /> - � '•' of the lease. If Borrower acquims fce tiUe tu the Pmperty,�he Ieuw�holJ und the fee title shall not merge unless Lender agrees
<br /> -=� � to�he merger in writing.
<br /> ,�-�; �,-�• 7. Protectbn oP I.ender's Rtghts in the Property. If Borrawer fuilr to perform the covennnts und agreements
<br /> _ contuined in this Securiry Instrument, ur there is u legal proceeding thul may cignificantly affect Lender's ri�hts in the �.
<br /> °_— � „ Property(such as a proceeding in bunkruptcy,probate,for wndemnution or forfeimre or to enforce Inws or regulutians),the�� _
<br /> _ • ' Lender muy do and pay for whntever ix necesssuy to protect the vulue of�he Property and Lender'.s rights in the Property.
<br /> __ . , ! , .,; � Lender's actions may include paying nny sums xecur+ed by a lien which has priority over this Security Instnrment.appesring
<br /> , �,�,..�-.� '�r. in court,puying reusonable uttomeys'fees and entering on the Property to make repairs.Al�hough Lender may take ttction
<br /> ; ,�,; under this pnragruph 7,Lender dces not have to do so. -
<br /> - ,. :::� Any amounts disbur�ed by Lender under Ihis pnrugruph 7 shall be�ome Additionul debt of Borcower secured by this
<br /> _ ' ,;;,,,,�,_ � Securitv Instrument. Unless Borrower and Lender ugree to Mher termx of paymem,these nmounts shall bear interest from the __
<br /> •a.�. ;,�': °., „ dnle of disbursement at the Note rate and shall be puyablc, wilh interest, upon notice from Lcnder to Borrower reyuesting _
<br />�� .,u, , payment. __
<br /> - 8. Mortgage Insnrance. lf Lender reyuircd mongaRe insurunce u.a cuixlitiun of muking the loun secured by this _.
<br /> - ��:+�.±�- � ;�� Securiry Instrument.Borrower shnll pay U�e premiumy reyuired to muintain the mortgagc insurance in effect. If, for any
<br /> - • -i • . .�,�5, reason, Ihe morlguge insurnnce coverngc required by Lender lapses or ceuses to be in effec�, Borrower shall puy the _
<br /> premiums required to obtain coveroge subs�antiully eyuivulent to the mongnge insurance previously in effect, at a cosl _
<br /> .- ^.;��:. : , xubstantiully eyuivalent to the wst to Borrower of the monguge insurance previouzly in effect, from un aUernnte mortgage
<br /> - .. • . insurer approved by Lender. If subsluntiully eyuivulent mortguge intiurunce coveruge is not uvailuble,Bonower shull pay to
<br /> � `°'`' � Lender euch month u sum equul to onc-twelfth of thr ycurly mortguge insurunce premium being paid by Borrower when the
<br />-� .i:.. , '•. . insurnnce coverage Ivpsed orceased to be in effect. Lender will ucrept,ure und re�uin these pnyments us a loss reserve in lieu
<br />_-�,� :. F,, . � of mortgage insurunce. Lusx reserve puyments muy no longer he reyuired,ut the option of Lender,if mortguge insurance
<br /> � - •�;:> covernge(in the umount und for the pericxi�hat Lcnckr requirex)provided by i+n insurer upproved by Lender again becomes �
<br /> �.��;,,;�.,.;;,.;� uveilable and is obtained.Barrower shull puy�he prrmium,reyuired to muintuin mortguge msurunce�n effect,or to provide A �
<br />. ., . loxs reserve,until the reyuirement far mortga�e insuruncc ends in ucwrdAnce wi�h any written ugreement between Borrower
<br /> �' .. ,. . and Lendcr or applicublc law.
<br /> •• 9. Inspection. LenJer ur it+ugcnt muy mukc nu.�mablc rntric,up�m und impections of�he Proprny. Lender shall �
<br /> ,"' " � �"` gfve Borrower notice at the time of or prior to un inspection��cifyinF rruzonable ruuse for the inspection.
<br /> ' •.�; 10. Condemnotion. The proceedti ol'•rny awurJ i�r rlaim lirr dwnageti,Jircct or conscyucntial,in ronnection with uny �
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