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<br /> a padad�tlwt I..endcr Kyuircr. 7t�e in�uranco catTier providin�the in�ursnoe chd�he choron by Bomower wbject w l.ender� .
<br /> - --- • ppptoval which�hnli nM 6c um�wswtably wittihcld. ff Bairower fcila to maintain covtrege dsxribed abow,l.�nder n�y,at -
<br /> Lendert�optian,obtain coverugc�o protext Lender`s dgMc in the Property(n accoNuico wfth pivagnph 7.
<br /> -- - All insunutco poNefes end Rnewxls shall bo accepubb to l.ender aid ehall includo o s�ndard mortaaQo clouse. Lender
<br /> ' �holl have the r��lu to hoid the poltcie�wid ronewal�. If L.ender roquim�.BoROwer�hall promplY�ivo to l.ender df roc:eipts
<br /> `-� -�----_-_--n---� of paid premiums and rcnewal nntices. In the event ui loa�.Bartower ahall give prompt notice w the ir�rur�nce carr�er md -
<br /> ` Ixnder. L.ender may make pnwi of loss if not made pcamptly Dy Borrower.
<br /> '�• Unless l.ender xnd Horrower aherwiso agroe in wriNng. in�urarK:o proceeda shall bo applied to�estontion a'rop�1r of
<br /> ,� �� property damaged. if the Retm�tion or repair is xonomicdly feaaibl8 and l.ender's �ecurlty ii not lessened. If the
<br /> �� � restorAtion or repair ie not ecawmic�lly feasible or I.en.ier`s socurity would be leseenaf.the itwurmce puoadr �haU be
<br /> applled to the sums secured by this Sxudty lnstn�ment. whether or na then duc, with any exces�pald W Borrnwer. If �
<br /> Borrower abAndona the Properly, ur docs not answer within 30 day� a notice from Lender thAt tht inwr�nce cartier has
<br /> _ - �-- offered to senle u daim,then Lender may collect the insurance proceods. L.ender may use�he procads io repsir a�r�rc�
<br /> •��� the PropeRy or to pay aumR cecurcd by thio Security lnrwment.whether or not then due. The 30-day periad will be
<br /> ---• ___�-��� the nottco is given.
<br /> � �=-- Unkss Lender nnd 8orrowor othenvise ugree in writing. Any upplfcaHon of procads w p�inclpal ahall not extend or
<br /> postpono the due dutc of the monthly paymentx refemed to in paragraphs l and 2 or changc the amount of the payments. If
<br /> --- under paragraph 21 the Property is acquired by Lenda, Horrowerls right to any insurance pollctes u�d procads resu�dng
<br /> �-_— from damage to�he Property pdor to thc acquisitian cl�ll pess w l.ender ta the ex�nt of the sums sxund by this Securlry
<br /> - �—���-m� Insaument immediately prior to theacqu�sition. °
<br /> �K T: 6. Occupaocy� 1'reservation� Maintens►nce �d Prutcetlon of the Property; Borrowerti l.oao Applla�don;
<br /> I.easeholds. Horrower shall occupy,establiah,and use the PropeRy es Borrowerk prineipal residenca within sixty days after
<br /> .' ,,�;,. ,, f.`'�. the execution of this Security Instrument and shall continue to occupy the Property as Sorrower�s principal residence for at
<br /> , leaxt one year after the date af occupancy, unless Lender othenvise agrees in writ�ng, whic� consent sha11 not ba
<br />-- ; - i,. :ti.a�<. ,�_ unreasonobly withheld,or unless extenuenng c�rcumstances eais�which are ixyond Borrower's cu�lruf. Bo�iower shall nat
<br /> •: ° � dealroy.dumage or impair the Property.allow the Aropert y to deteriorate,or commit waste on the Property. Borrower shall
<br /> ^ be in default if any forfeiture uction or proceeding,wfiether civil or criminal,is begun that in Lender�good faith judgment
<br /> • ��' s- ' �"•' - could result in forfeiture of the Property or otherwise rneterially impair the lien created by this Security Inatrument or
<br /> � ..:�� . � ; .,, Lender's security interest. Borrower may cure such a default and reinstate,as provided in paragraph 18,by causing the acdon
<br />� �„ �;��.,..; ;.,,_ ,, or proceeding to be dismissed wi�h a ruling that,in Lenderk good faith detertnination,precludes forfeiture of the Borrower s
<br /> . interest in the Property ar other muterial impalrment of ihe lien created by this Secudty Instrument or Lender�a security
<br /> � .'-;�.�� � ,� interest. Borrower shall also be in defautt if Borrower,dudng the loan application pracess, gave meterially fatso or
<br /> � ��t��;�•-.:.��� inaccurate infortnution or statements ro Lender(or failed to provide[..ender with eny materisl informatfon)in cormection with
<br /> ' � �'' thc loan evidenced by the Note. including, but not Amited to, representarions conceming Borrowera on;upmn:y uf it►a
<br /> � � �„ PropeRy as a principal residence. If this Security Instrument is an u leasehold,Barrower shall comply with all the provixions
<br /> �� . ,. of the lease. If Borrower acquires fee title to the Propeny,the leuehold and the fee title shall not merga unless L,ender agrees
<br /> - • � ���•. to the merger in writing.
<br /> •• L � 7. Protectlon of I.ender's Itights in the Property. If BoROwer fails to perform the covennnts and agreements
<br /> � "�'; contained in this Security Insuument, or there is u kgnl proceeding Ihat may significantly affect Lender's rights in the
<br /> �. � '�►`" ., • property(such as u proceeding in bunkruptcy,probate.for condemnation or forfeiture or to enforce laws or regulations).then
<br /> • w:.-• Lender may do and pay for whntever is necessary to protect the value of the Property and Lender's rights in the Property.
<br /> ••• � Lender y uctions may include paying any sums secured by a lien which has priority over this Security Insuument,appearing
<br /> . ' ,,- in court,paying reasonuble attomeys'fees cmd entering on the Property to make repuirs. Although Lender may tak@ action -
<br /> . ' ?� uncler this parngraph 7.Lender does not have to do so.
<br /> ,:�!:: Any umounts disbur�ed by Lender undcr this psuu�ruph 7 shull becomc additionul debt of Borrower secured by this =
<br /> ���!, . � � � ` Security Instn�ment. Unless Borrower nnd l.ender agree toothertemix of puyment,these umounts shull bear interest from the -
<br /> """`"' " • . ' dale of disbursement at the Note rate und shall be paynble,with intcrest, upon notice from Lender�o Borrower requesting
<br /> `�'1'" .. payment.
<br /> ' '�►tA =•• 8, Mortgage Insurance. If Lender required rnortgage insurance us u condition of making the loan secured by this
<br /> ' � :apr�i . ::y • Security Instrument, Borrower shall puy the premiurnc required to mnintain the monguge insurnnce in effect. If,for any =
<br /> +� ' ' _r:, reuson. the mortgnge insurance coverage reyuired by C.ender lapse� or ceuse+ �o be in efPect, Borrower shall pay the
<br /> � premiums required to obtain covemge +ubstuntiully eyuivalent to �he mortgnge insuruncc previously in effect, ut u cost _
<br /> . „ � substuntially equivalent to the cost�o Borrower of the manguge in�urance prcviously in cffert, from un alternate mortguge _
<br /> lnsurer npproved by Lender. If substantiully eyuivulent mortgage insurance coveruge is not uvuiluble.Borrower shall puy to
<br /> .�n , ` ; Lender euch month a sum equul to one-twelflh of the yeudy mangage insurance premium being paid by Borrower when the __
<br /> . <<� ;;��:; insurance coveruge lapsed or ceased to be in effect. Lender will accept,u�e and retain these pnyments as a loss reserve in lieu _
<br /> of mongage insurnnce. Loss reserve payments may no longer be reywrcd,ut the option of Lender,if mortsuge insurance
<br /> ' ;: � � � coverage(in the nmount and for the period thnt Lender rcquiresl providcd by un insurer upproveJ by Lender ngain becomes
<br /> ,��' � nvailuble c+nd is obtnined.Borrowcr shull pay the premiums reyuin�d to muintain mortguge insurance in effect,or to provide u
<br /> , �� i=""'} . '^'� loss reserve,unlil the reyuirement for mortguge insurnnce ends in arcordunee with uny written ugreement between Borrower
<br /> � und Lcnder or upplicublc luw. -
<br /> . � 9. Inspection. Lender or its ugent muy muke reutiunable cmries upun and intipections ot'the Property. Lender shstll F
<br /> ' '"��° '" give Borrower notice ut the lime of ar prior to un ins�cliun spc:cifying re��sonuble cau�e for Ihe inxpection.
<br /> � � �� 10. Condemnatlon. The prcxceds of any award nr claim fur dumag�x,dircc�ur con+eyuerniul,in connection with any ��
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