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<br /> periods that L.ender�equirca. Tho Inaurance carrier providing tihe ineurancc xhail be chosen by Bomowcr subject to Lendcrk
<br /> epproval which�hall not bc unrcacon�bly wi�hhcld. 1i Bmrower Fplla to maintwin coverage desc�ibed ubove,Lende:r may.ut
<br /> , Lender's option,obtain coverage to protect Lendcr K rfghts in the Praperty in accordance wlth paregraph 7.
<br /> � All insurance policies und rcnewpla shnll be ucceptable to Lender wid shpll include a s�andard murtgage clau�:e. l.ender
<br /> - shall��eva the�Ight to hold tl�e policlea ond rcnewals. If Lxnder reyuires,Borcower Kholl promptly give to Lender oll rcceipts
<br /> . - , of paid prcmiums And renewal notices. In�he event of loss,Rorrower ahall givc prompt notice�o the Incurnnce currier und
<br /> E Lender. I.ender may mnke proof of loss if not madc prompdy by Bortower.
<br /> Unless Lender and Bomower otherwise agree in writing, inxurance prciceeda shall be applied to restaratian or repair of
<br /> the Property domoged, if the rcstumdon ar repair is economically feasfbla ond Lender� secu�ity ls nW le�sened. If the
<br /> _—_ �estorati�n or repair is not economically feasible or Lender� secudty would be lessened,the insurunce proceeda shall be
<br /> applied to Ihe sums secured by ihis Sccurity Instrument,whether or nat then due. with ony excess pAid to Borrowcr. If
<br /> Barrawer abandons the Property, or does not unswer within 30 days a notice from Lender thut the insurnnce caRier has
<br /> __ __ _�;�__� offered to settlo a claim,then Lender may collect the insurnnce proceeds. Lender may use the procecds to repair or restore _
<br /> - the Propeny or to pay sums securcd by this Secudty Insaument,whether or not thcn duc. The 30-day period will be�in when
<br /> tho notice is gfvcn.
<br /> — Unless Lender and Borrower otherwise Ag�ee in w�itiog.any applicntion of proceeda to princlpul aholl not extend or
<br /> postpone the due date of the monthly payments refemed to in peragraphs I end 2 or chonge the omount of�he paymente. If
<br /> -- �uider paragraph 21 thc PropeRy is ucquired by Lender,Borrowerk�ight to any insurance policies and praceeds rexultfng -
<br /> -- from damage to the Property prior to Ihe acquisition shall puss to Lender lo the eatent of the sums secured by this Secu�ity
<br /> -_-:-;�.,,,�.,���,,;,m;� Instrumenc immediately prior to the ucqufsition.
<br /> - 6. Occupsency, Preservaliun, �Neintenance pnd Protection ot the Propenyi Borrower'x [.am AppNeMioni -.
<br /> �'�'' � Leaseholda Horrower shall occupy.establish,and usc thc Property as Borrower's prfncipal residence within sixty days aker
<br /> the execution of this Security instrument and shall continue to occupy tha Propeny as Borrower's pdncipal re�idence for at
<br /> � -�'''�' ' '•kti� IeASt one year after the date of occupancy, unless Lender othenvise agrees in writing, which consent shall not be
<br /> ` "�•�"''• - '"" urmeasonubly withheld,or unless extenuaNng circumstatues�xist which are beyond Borrower's control. Borrower shall not -
<br /> " ' ���+� , destroy,damage or impair the Property,allow the Pivpeny to deteriorate,or commit waste on tt�e Property. Borrower shall
<br /> ' ' � s'"'� be!n default if any forfeiture uctfon or prceeeding.whether civll or criminal,is begun that in Lendcr 4 good faith judgment
<br /> � ,;.� � couid rcsull in forfeiture of the Property or otherwise materielly impeir thc lien creeted by this Security Instnxnent or
<br />-- � Lender's security interest. Borrower may cure such a defuult und roinst�+te,as provided in paragrnph 18.by causing the action
<br /> ���� ' '��'• ar proceeding to be dismissed with a ruling that,in Lender's good fai�h determinetion,precludes forfeiture of the Barcawer's
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<br /> � ;,��f a interest in the Property or other material impairtnent of the lien created by this Securiry Instrument or L.ender's secudty
<br /> � i��'�'+� '`' interest. Borrower shall nlso be in default if Bortower, during �he loan npplication process, gave materielly false or
<br /> inaccurate information or statements to Lender(or failed to provfde I.ender with any material information)in connecti�n wlth
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<br /> ' ..-r�:^�,�rs±«�r�n— the ioan evidenced by ihe iJuin, i�ic�U��iia, bUi livi iiliilic'iI i0, fdpidiiii(dtlOiiS WiiC2iltiiig �ufl'uWZ!e ix;Ci1QA11Cy Ar ijl�
<br /> ' Property ax s prin�ipal residence. If ihi;Security Instrument is on u leasehold,Borrower shall comply with all the provisions
<br /> � ' �*�'`'''!�,?�•��'•�' ` �� :� of the lease. [f Borrower acquires fee�ide to the Property,the leosseiwld and the fee title shall not mergc unless Lender agr�ees
<br /> .. � ;s{.t;,:r t• • , to the merger in writing.
<br /> �b � �" • � 7. Protectbn o�l.ender's Itlghta in the Property. If Borrowcr fails to perform the covenants and agrcements
<br /> � . contalned in this Security Instrumenb or there is u legal proceeding that may significantly affect Lender4 righis in the
<br /> " �� '°" Property(such as u pracecding in bunkruptcy,proba�e,for condemnation or forfeiture or to enforce luws or regulutions),then
<br /> ' •� Lender moy do und pay for whatever is necessnry to protect the vnlue of the Property end Lender's righis in the Property.
<br /> ,, � _ Lender's actions muy include paying any sums secured by a lien which hus prlority over this Security Instrument.appearing
<br /> ° � . ' �J in court,paying rrnsonable attomey.s'fees and entering on the Propeny�o makc repnirs.Although Lender may take action
<br /> ' � I�; under this pa�agraph 7,Lender daes not huve to do so.
<br /> r_ �' ` Any wnounts dixbursed by Lender under this paragmph 7 shull become ndditional debt of Boirower secured by this
<br /> �� •,;:,,.., u` Security Ins�rument. Unless Borrower und Lender agrce to other tcrms of puyment,these umounts shnll 6ear interest from the
<br /> , .;.�:. ,.�-� ` date of disbursement ut the Note r�tc und shall be payable,with interest,upnn notice from I.ender to Borrower requesting
<br /> �..� ' . . payment.
<br /> � '' ��" 8. Mortgage Insurance. If Lender reyuired mortgage insuronce rs u condition of making the loan secured by Ihis -
<br /> '°`�.,�,'�'.�, � � ""`�.''�" Security Instrument, Borrower shull puy the premiums reyuired to muintuin the mongs�ge insuroncc in eftect. If,for any
<br /> �', � • reuson, the mortgnge insurance caverugc reyuimd by Lender lupses or ceases to be in effect, Borrower shall pay the _
<br />� � - ��� premiums required to obtain coveruge subslanliully eyuivalent to �he mortgnge insurnnce previously in effect. at u cost
<br /> � � a , substuntiully equivalent to the cost to Barrowcr of the monguge insurnnce previously in effect, from an alternate mongage
<br /> � ' insurer approved by Lender. [f substantinlly equivalent mortguge insurance cuverugc is not uvailuble,Borrower shall pay to
<br /> "`"`' � `•� Lender each month a sum equnl to one-twclfth of the ycurly mortgugc insurunce premium bcing puid by Borrower when the
<br /> �. ��.
<br /> `�� a�M�r`s- • • insurance covernge lapsed or ceused to be in effect. Lender will accept,u�c uixl retuin�hese payments us u loss reserve in lieu
<br /> "o �` � of mortgage insurnncc. Losw reserve payments may no longer be required,at the option of Lender,if niongage insurance
<br /> � . :T�� , coverage(in the umount and far the period Ihut l.cndar rcyuirex►providcd by un insurer upproved by Lender agein becomes
<br /> , _ � �, . uvailoble and is obtuined.Borcower shull puy the premium.reyuircJ to maintuin murt�age insur•rnce in effect,or to prnvide n
<br /> -���'• 'r • loss rcserve,until the requirement for mortguge insuroncc endti in uccordance wi�h uny written ngreemrnt between Borrower
<br /> � � ��,... . "' pnd Lenderor upplic•rble luw. �
<br /> ,� � � , 9. Inspectfon. Lender or its�gent may mukc rcasonablc rntrics upon und in,�xc�ionx of�hc Property. Lender shall
<br />, , �� , _, , give Borrower nolice at the time of or prior to un inxpertion specifying reasonuble rau�e for Ihr inspe�liun. _
<br /> , ° 10. Condemnallon. The prcxeeds of uny:iwurd or daim 1'or damuEcs,dirtct�.r cumryuerniul,in connection with su�y �
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