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<br /> �' 92- ���►
<br /> pcdads U�t Lender nequi�es. Thc i�urance corrler providln��he insurw�cc�Iwll be choeen by Bc�m�wcr subjece to Lenderk
<br /> -�---_____—_ --� ,y,Fiuv�i wt�nh r�it cwi 6;.unrwsanably ti ithh�id. !f Barra:rer F�its to mslns�fn cet�cra��de���!+!ti!ubove.lrnder t�ey.�� _
<br /> �� ' Lenderls option.oMnln covernge to protect Lender'�rights in the PrapeAy in acccxdan�.�e with par�graph 7.
<br /> . � All insurAnce poUctes wnd renewals siudl he accept�tble to Lender and ehaN inclwie a stuncl�rd m�xtgage clause. I.cMier
<br /> _= ahall have the right to hold ihe policies and tienewals. If Leoder requlirs,Bortower ehall prumptly give to L,ender all nxeipis
<br /> _ _ __ • of paid premiuma md renewal notices. In the event of loss,Borrawer sh�ll�ive prompl notf��e to�he Insuran�e carrler and .
<br /> _ l.erder. Lender rtwy make proof of loss if nat made�nornptly by Borrowa.
<br /> Unless Lender ond Bomnwer otherwise agree in writing.insuraixe pmceed�ahall be appUed w restoradun or repair of
<br /> ' the Properry dtunaged,if the restoration or rcpair ia economically fes�sible and Lender� cecurity i+ not lessened. If'the
<br /> restoration or repair is not economically feosible or Lenderk securily would be lessened.�he lnsuronce proceeJs slwll be
<br /> --- — - applied to the sums secured by this Security Inslrument.whtther or nd then due, with any excesx paid to Botrower. If
<br /> �_=-==�a-��•=-_= Borrower abandons the Property, or does not answe�within 30 days a notice Prom l.ender Uwt the insursmce carrier hac
<br /> ---_-� offered ta tsenle a claim, then Le�der may collect the insuronce pmceeds. Lender may us�the praecd.g tu repair or rcstore
<br /> -- Ihe Property or to pay sums�wed by this Security Instrument.whelher or not U�en due. The 3aday period will beQin whrn
<br /> —�- _�"�' the natice is given.
<br /> '"``'n'� Unless Lcnder und Borrower otharwise agree in writing,any upplicatian of proceeds to principal shall not eatrnd ar
<br /> �" postponc dte due date of the moMhly paymen�.� referced to in pnrographs I and 2 or change the umaunt of the payments. If
<br /> - unde�p�aragraph 21 the Property is ocyuired by Lender.Bortower�right to any insuronce policies wid proceeds resulting
<br /> � � from damage to the F'�uperty prior to�he ocquisition clwll pacs�o Lende�to the extent of the sums secured by this Security
<br /> _ ���;�,_�� iustrument immediately prior to the�cquisition. _
<br /> _ _ ��,>4� 6. Ooeups�ney, Preservatba, Maiotenaace aad 1'rotectEon ot the Property: Borrower� 6o�a Appllcatioa;
<br /> �--� ' �+�►1��•� �• Leasehalds. Borrawer shail occupy.establish,cmd use the Property us Bornower's principal residence within sixty duys uftor
<br /> �- ,F`':�"�°,� the execution of this Security Inswment und shall continue to accupy the Ropeny s�s Borrower's-principYl residence for at
<br /> ' � � �!'"��� least one year after Ihe date of occup:uuy, unless Lender otherwise ugrees in writing, which cansenl shall not be
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<br /> � ����;;;.:,}�;� utireaconably witAheld,or unless extenuat�ng cireumstances eaist which ure 6eyond Borrower's control. Barower shall nut
<br /> ' ::"�• destroy.clamage or imPair�he Property.aliow the Property to deteriorute.or commit waste on ihe Property. Bormwer shall
<br /> y�,;;r�:�;���;�: be in default if any forfeiture ucdon or proc.�eeding.whether civil or crimin�l.is 6egun that in Lender's good faith judgment
<br />'�• �"� - �w+ , could result in forfeiture of the Property ar otherwise materially impair the lien created by this Sctiurity Iruwment ar
<br />. "� ''�-`� � Leader�security intercs� Borrower may cure such u default and reinstute,us provided in p:uagraph t8,by causing the action
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<br />- ;, ���;�; , .:,_4 � ' or pmcceding to be dismissed with a ruling that,in Lender's good failh detertninutioo,precludes forieiture of the Borrowet's
<br /> i�,�;;_�,�,_.:�:,Y, iaterest in the Prnperty or other materi�l impairment of tLe lien created by this Securiry Insaument or Le�er's security
<br /> �;':--��.,• � interest. Bomower slwll also be in �iefaul� if Bornower, during the loan upplicatioa process, g�ve m�terially false or
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<br /> ,;�,� ='��' uwccurate information or s�atements to Lender(or failed to provide Lender with any marerial infomulionl in cwu�ectian wi�h
<br />, � - _ -;:�_. .���.r�.. 1he loan evidenced by tfu�Note. Includmg. but not iimited to, represen�arions conceming Bonowe�'s accup�ncy of�irc
<br /> " s.�`". ` ^ ":°" �tty us a principal reside�re. If this Security Inrtrument is on a leasehold.Bortower shall canplx with all rhe pror�ions
<br /> ' ' " " of lease. If Borrower acquires fee tide to U�e Property.the lensehold and the fet title�hall not merge unless Letdtt�rees
<br /> °:, ' w the merser in writing.
<br /> 7. Protection at Leader's RlRhts in the Propert�. lf Borrower fuils to perform tix covenants und agreements
<br /> � ,., contuined in this Security Instrumem, or there is u legal proceeding �hat muy significandy affen Lender's rights in the
<br /> . ;' ;:.r.. � Properry(such us a proceeding in lunkruptcy.prob�te.fur�tixukmnation�x fudeiwre ur to enfix�r iaws or regulation�l.tt►en
<br /> - � .�,�,..,, ....� � L.ender muy do und pay for whatever is necessary to protect the vnlue oF tt►e Property ond Le�l..°r's rights in the Property. -
<br /> ' � , , Lender's u�tions may include p:►ying any sums tiecured by�lien which ha+priority o��er�his Securiry Inswment,appe�ring
<br /> , ,:,;..,; M;t•, ::j�p.�,'� in court.p�ying reasonable uttomeys'fees und entering on the Pr�rty to m•rke repain.Although Lender may tafce actian
<br /> � under this paragrnph 7,Lender doe�not have to du w.
<br /> �:.:i.`�-•.. . � ��' �- Any aunounts dis6uned by Lender under this paragruph 7 ,hall bctiome uddition•rl debt oF Borrower secured by Mic
<br /> ���, ��.� , V �r ;• Security Instrument. Unless 8orrower und Lender ugme to wher tertn�uf payment,the�e amaunts shall bear intrrest from the
<br /> „ . date of disburscment a the Nae mte su�d shall be payuble,with interes�,upun notice frwn L.en�ier to Borrower reyuestinY
<br /> .�., . .�_.. . -. W+Yment.
<br /> "+�` �-+.• °•,• �< S. Mortgage Insurance. If Lender required mrxtgage inau�xr�•r c�dition of malcing�he la+n secu�ed by this
<br />�:• • ��*,���.' a Security Instnunent, Borrower shall pay�tu premiums «�u►rcd w m•rintuin the murtgagr in�urunce in effect. If. for nny
<br />� � : , �w�*�,••":�+�`�' reusa�, the matgoge in�urw�ce coveruge nyuircJ by Lrnder I�p�rs or re�s to be in effect. Bortower shall pay the
<br /> ,� . premium4 reyuir�td to ubtain covera�;e subslanti;:lly eyuivalent tu the ma'tgage in�unu►ce previ�ely ia effect, ut a cost
<br /> �: " �w�'�� � substantially eyuivolent to the co�t to Born►we� of the murtg•rgr inwr.;�xe pceviwuly ia effec:G from w►altem�tc rtwrtgage
<br /> L • • ,, insu�er upproved by Lendet. If substrnti•rlly eyuivalent murtga�e in�urance ruverrgr is nut available.Borrower shal!p�y to
<br /> � - ;,,•;. , ,;.;' Lender exh month a sum eyual to one-twelfth of the ye:uly mortg•rge in.unu►��r p�emium being�id by Borrower when the
<br /> �''-• �,,�u� ' , insurance coverage lapsed or�r�cx1 to br in effe�t. Len�r will arcept,use:uid ret�in these paymencs as a loss reserve in lieu
<br /> - � , of mortgage insur.uxe. Lm�crserve payment. may no Icxiger l+e nyuired,at the optian of Lender, if mongage insurance
<br /> � . .;�: • wverage(in the vmcwnt imd fo�the period that Lc�xier reyuir��,)provided by:u�in.urer upprvved by Lenikr ugain becortses
<br /> �,�. uvailab(e and is oiNnined. Borrower+hall pay the premium.rcyuircd ro maintain murtgagr inrurnnce m ettect,or to pruvidr a
<br /> , : ,��'�'x� , locs r:�servr.until�he rcyuireme�u Cor mongagr imurwke tn.1c in uccunl�nre with uny written agrremrnt brtw�ern Borrower —
<br /> - und Lrnder or upplicable iaN�.
<br /> � b 9. lacpection. Lendar ur its•rgent m�y rn:►�.e rcs,unablr entrir�upun;uiS in.pc�tiuns of the Pn►prRy. Lrn�ier alwll �_
<br /> - " '' give Borrowcr nolice at the time of ur priur to un imp�ktiun+,n��itying reawn:►blc rau+r fuc the in.patition. -.
<br /> 10. CondemnatWrt. Thr pr.kctiri,��t':ui�• award ur rlaim fur dama;�r..Jirert�,r run�ryuantial.in cunrk�tion with:uiy &-
<br /> ` S�rytk F.unfly..ta�ek�fadFYedd{e�1w l'�IFIIR�I I��fRl'�fli\1'•-l mtomi l'uv.runn 9i9Y �p/Yr r•�l n I.tiYHI 1°
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