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<br /> � pedods that L,ender requires. 7he insurance carr3er provlding t�e ineurAnce shall be chosen by Bortower subject to Lender'�
<br /> approval which�fudl not be umeasonably wllhheld. !f Bortower fails to m�intain coverage descr�bed xbove,Lender may,at
<br />--- = Lenderk option,obtein coverago to protect Lenderi�dghta in the PrapeAy in accordence wlth paragr�ph 7.
<br /> All insurance policlea rmd renowals shall be aceeptable to Lender and�hdl include a standard mongage clauce. Lender
<br /> ��� shwll have the dght ta hold the pnlicles and rei�ewels. If Lender requireQ.Borrower shall promptly give to Lender ali necelpts
<br /> � oP paid ptemiums and renewal notices. In the cvent af loss.Bwrower shwli�ive prompt notice to�he incurance cartier smd
<br /> `-�----�---� l.ender. l.ender may mako proof�f loss lf nw made prompdy by Borrower.
<br /> -� --
<br /> - Untess Lender and Horrower olherwise agree in writing,fnsuronce proceeds shs�ll be npplied to nsmrntion or repair o
<br /> =' the dunoged, if thd rcstontion or repair ia econamically feasible and Lender's security is not lessened. If the �
<br /> - — resto�r repair ie not econornically feasible or Lender's security would be lessened, the insurance praceeds shall be
<br /> appUed to Ihe sums secured by this Security Insttument.whether or not then due, with ony excess puid to Borrower. lf
<br /> Botrower abandnna the Property. or dces not answer within 30 days a notice from I.ender that the lnsurance ewrier 6es
<br /> offened W settle a claim.then l.ender mey collect ti�e insurance proceeds. L.ender mny use the proceeds to repair or rcstore
<br /> tho PropeRy or to pay sums secured by this Secudty Inetrument,whether or not then due. The 3G-dwy period will begin wlun
<br /> —�"�_'-�� the noticc is given.
<br /> Unless Lender and Borrower otherwissc ag�ee in wri�ing,any application of prceceds to principal shall not extend or
<br /> postpone the due dete of the monthly payments referred to in paragrephs 1 and 2 or change the amount of the paymenta. If
<br /> under paragraph 21 the Properry is acquired by Lender. Borrower's�ight to eny inrurance policies and proceeda resulting
<br /> from damegc to thc Propeny pdor to the acquisition shall pass to l.ender to the extent of the sums securcd by thjs Secudty
<br /> � Inslrument immediately prior to ihe acquisition.
<br /> — 6. Occupancy, Preservallon� Mpfntennnce and Protectlon ot the Property; Borrower's Loan Applicatioa;
<br />_ _ _ I.e�seholds, Borrower sbell occupy,estublish.and use the Property es Borrower's prfneipal rcsldenca withln sixty days afier
<br /> —.�...,,�_�� the execution of this Security Inettwnent at�d shall continue to occupy the Property as Borrower's principal residence for at
<br /> ��tT:�;�r� least one year after the date of accupancy. unkss Lender otherwise agrees in writing. which consent shall noc be
<br /> �=;-'`�►' ` �"''` '� unrcasonubl withheld,or unless extenuotin circumstances exist which are beyond 8orrower's conirol. Borrower shall not
<br /> ''-=�'�'�. destro .dama e or im air the Pro rt ,allow the Pro rt to deteriorate.or commit waste on the Property. Borrower shall
<br /> �„����; Y B P P� Y P� Y _
<br /> ��z!���:� be in d�iault if any forfelture ection or praceeding,whether civil or crimtnal,is begun that in Lender's good faith judgment
<br /> '{` � � could result in forfeiture of the Praperty or otherwise msterially impair the lien created by this Security Instrument or _
<br /> _ ...:�tr.�,�';�;�; --
<br /> � - „�.j;. _.: Lender's r�ecudty interest. Bortower may cure auch u default end reinstate,as provided in pnragraph 18,by causing the ncdon
<br /> �.��" or proceeding a be diamissed with a ruling that,in Lenderk good faith detertnination,precludes forfeiture of the Borrower's
<br /> . � �.' . interest in the Property or other rnaterial impairtnent of the lien created by this Security 1nRtrument or Lender's secudty
<br /> interest. Borrower shall also be in default if Borrower, during the loan application process. gave materfally false or
<br /> ;.:'� ,Y.,r: ,.•.��,�: inaccurate information or statements to I.ender(or failed to provide Lender wlth any material information)in connection with
<br /> ;,,��„ thc loan evidenced by the Note. including, but not limi�ed to. representations conceming Borrower's occupancy of the
<br /> :�,;y,�„�,.,�,;.'�'`""°"'� z'raFx:riy as a priacipa!:esidrtice. !!'!l2is Sc�us'I!y ls�.slse�ssse��i is or�e Ireceh�►Id,i3orrower shell comply wfth ell the provisions
<br /> �����`I���j ' ����erlf Bvorto g r acquircs fee title to the Property.lhe leasehold and the fec title shall not merge unless I.onder agras
<br /> ��sl•��St,�,i;;;,' a 7. Protection of I.ender's Rig6ts in the Property. If Borrower fails to perform the covenants and agrcements
<br /> i'.','.'.'.
<br /> _k�.,+.;;���, contained in this Security Instrument, or there is a legal proceed(ng thut may significantly affect L.ender's rights in the
<br /> _ ,:��,; •.,•,� Property(such as a proceeding in bankruptcy,probnte,for condemnation or fort'eiture or to enforce laws or regulatlons),tfien
<br /> i l.ender may do And pay for whatevar is necesaery to protect the vulue of the Praperty and Lender's rights In the Propetty.
<br />__� ��-- ` � Y � Lender's actions may include paying any sums secured by n lien which has prfority over this Securiry Insttument,appeanng _
<br /> , �;�,;"�-� in couR,paying reasonable uuomeys'fees and entering on tlie Property to make repaira.Although l.ender may take action
<br /> under this pnragraph 7.Lender docs not have to do so.
<br /> 'y'" " ��"'• An amounts disbursed b Lender under this aru rn h 7 tihall hecome additional debt of Borrower r+ecured by this
<br /> �. .. ...� .....�+r+• Y Y N B P
<br /> ' � � ^'� Security Instniment. Unless Borrower and L.ender agree to other tarms of puyment,these umounts shull bear interest from the
<br />'-�' ;�"""'� � •;.� date of disbursement at the Note rate wid shall be puyable. with enterest, upon notice from Lender to Borcower requesdng
<br /> ..� ��,..y... w:.,,. .�;,_; a ment.
<br /> ' �" ' p Y S. Mortga�e Insur»nce. Ii Lender required mortgage insurnnce us n condition of mnking the loun secured by this
<br /> — ��,',a ' Security Instmment, Borrower shall pay the premlums requfred to maintain the manguge insurunce in effect. If,for any
<br /> ` '� reason, the mortgage insurance coverage required by L.ender lapses or ceases to be in effect, Borrower shall pay 1he
<br /> � "'�`" ' premiums required to obtuin covemge substcin�ially equivalent to �he morlgage insuronce previously in effect, at a cost
<br /> ' :�:;�'�'�"�` substantially equivolent to the cost to Borrower of the martguge insurnnce previou.r•ly in effect, from an altemate martgage
<br />�.°�:'„_ ��� .t "°' insurer approved by Lender. If substantially equivalent monguge inxurunce covemge is not uvailable,Borrower shall pay to
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<br /> — .��,,,, •, Lender each month n sum equal to one-twelf�h of the yeady mort€age insurunce premium being paid by Borrower when the
<br /> •�'f�;�* ., insurance covemge lapsed ur ceased to be in effect. Lender will uccepl,use und rewin�hese puyments as a loss reserve in lieu
<br />� .. . of mortgage insurance. Loss reserve payments mny no longer be requircd,at the option of Lender. if mortguge insurance
<br /> • "� coverage(in�he amaunt and for the period thut Lender requires)provided by an insurer upproved by l.ender ngain becomes
<br /> {�:. �;�� . available und is obtained.Borrower shull puy the premiums requfred to muintain mongnge inxun►nce in effect,or to provide w
<br /> ; loss reserve.until the reyuirement ior mortgAge insurunce endx in accordance with any wriaen agreetnent between eorruwer
<br /> — ond Lender or applicable luw. _
<br /> � ;;L;�,�;, � ' �° 9. Inspectbn. Lender or its ugent muy muke rea,onablc emrics upon und in.pections of the Propeny. Lender shull _
<br /> -�= � ', give Borrower notice nt the time of or pnor to un inspc:clion specit'ying reusonablc cuusc for the inspertiun. ;
<br /> 10. Condemnation. The proceedx of•rny uwurd��r cluim fur dumugr.,direct or consequcntiul, m ronnection wilh any
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