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<br /> , perlod�lbcu I.,ender requirce. Thv fnRUrwK:o carrier providing the InRUrnnce xhall be cho�cn by Borrower Rubject to Lcnder�
<br /> •�,��� apprnval which rtudl nnt bo tmrc�onably withheld. If Borrowet fai b to maMtain covcrage descri6ed obove, Lsnder may,s�t
<br /> � I.enderk optinn,obtain eoveru�e to protect l.ender'x dgh�s in Ihe Pmpetty in uccardance with pan►graph 7.
<br /> °a•' a All insurance policies nnd rcnewulx shull be acceptAblx lo Lender ond shull Includc u�stundnrd mortgugc cluuse. Lender
<br /> `�:�; ehall huve the dght to hold the policies und renowuls. If I.endcr reyuirca. Borrower shull prompdy give lo L.endcr ull reccipts
<br /> -- ------ of paid prcmfum�and renewal noliees. In�he evem of loss,Borrowa ahell �ive prompt notice to the imwance cartier rn�
<br /> �..• .- - ---- _-- l.ender. Lcnder maY mukc proof of losa iP not made promptly by Borrower.
<br /> ��' Unlcca Lender and Barrawer othenvise ugr+rc in wdting,insurance pro�eeds xhull be�pplieJ w�e.toretion ur repair uf °
<br /> the Property dumaged. if the restoration or repair is ecanumicnlly feasible and L.ender':� securlry is not lessened lf Uie
<br /> - �,.�,s, restorati�n or repuir ia not economically feusible ar l.enderk isecurlly woutd 6e lessened, the insurancc praceeda shall be
<br /> __ applied to the sums securcd by this Secu�3ty Instrument, whetha or not�hen due,with c+ny eacess puid to Borrower. If
<br /> —,�„��—,�,�,�„��� Bomower Ahundons the Property.or does nat unswer within 30 d�ya a notice from Lender that the insurunce carrier hus
<br /> ofPered to settle A claim.then Lender may callect the insurnnce proceeds. L.ender may use the proceeds to repnir ur�+estare
<br /> .-- _.'� the Pmpeny or t�ps�y auma secured by this Secu�ily Inatrurnent.whether or not�hen due. The 3U-d�y period will begin when
<br /> _�,;�.� the noticc is given.
<br /> „�;.�" Unlesg Lendcr nnd Borrower othenviye ugree in w�ting. any application of proceeds to principal shell not cxtend or
<br /> postpona the due dnte af the monthly payments refemed ta in paragraphs 1 und 2 or change the amaunt of the puyments. If -
<br /> - under pamgrnph 21 the PropeAy is acyuired by Lender, eorrower's rigM to uny insurunce policieq and proceeds resulting
<br /> from damuge ta the Property prior to the acquiaitton shull p�s4 to Lender to the extent af the suma secuned by this 5ecur�ty
<br /> �. �'��� lnatrument immediately prlor to the acquirition.
<br /> ���t�?��`�`"���� 6. p�pAUry� Preservation, Maintennnce nnd Protectlon ot the Property; Borrower's Loan Applk�tbn;
<br /> wu
<br /> '°"�"'""`��' I.eASehdda Borrowor shatl occupy,estnblish,ttnd use 1he!'ropeAy es Borrowerk principal residence within sixty days after _
<br /> __;j��' the esecution of this Security Instrument and shall continue to occupy the Property us Borrower's principal residence for at
<br /> �;�,r.�a�. • ' least one year ufter the date of occupancy, unless Lender othenvise ngnees in writing, which consent ahall not be
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<br /> x•:'. � h ��•P�•. •,a�,•-• unreasonnbly wi�hheid.or unlexs ex�euuuting circumstnnces exist which sue beyond Borrower's control. Horrower s a nnt _
<br /> �'+�""`"' destroy,damagc or impair the Property,ollow the Property to deteriaute,or commit warte on the Praperty. Borro�rer shall
<br /> :.� ,�;,.,. .,.- .
<br /> ;- ,�,;, be in default if any farfeiture actian or proceeding,whether civll or criminal,is begun that in Lender!c goad faith judgment _
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<br /> �. �x,s►�:s�,.,Y.' could reault in forfciture of the PropeAy or othenvise muteriully impair the lien crented by this Securiry Insuument or
<br /> �''';='"'''' ` '` I,enderk xecurity interest. Horrower may cure such n dei'ault und reinstute,es provided in paragraph 18,by causing the action
<br /> .�:� .f
<br /> ,,� . or proceeding to be dismissed with u ruling thnt,in Lender�g«xl fai�h determinntion,precludes fort'eiture of Ihe Borrower g
<br /> - .�g�....;.. : intercst in the Property or other material impairment of the lien crea[ed by this Secudty Instrument or Lender�security
<br /> Y '�y���'�-� �`"` intet+est. Borrower ahall ulso be in defuult if Borrower. during ihe loan epplicetion process, guve matedally false or
<br />–_;�� ,�„� r =
<br /> ' �.,• innccurate infonnation or statementx to[.ender(or fuiled lo pmvide Lender wHh any material information)in connection with
<br /> s,;,=�.'��i�j��,,.�,__� the loan evidenced by the Note, including, but not limited to,representationa wnceming Borcower's accupancy of the
<br /> - "�-, �:`r- - - Pmperty as a pnncipai r+esidence. if[his Securiey instrumc��t iy uo a lea.�tiofd,Oormwcr sha!!complp v:itls s!!the pro:isiotss
<br /> �. of the leuse. lf Borrower ocquires fee title to the Prnperty,the leusehold and the fee title shall not merge unkss Lender agrees
<br /> : . ..,.�•". �'`" ' to the merger in writing.
<br /> _ �' 7. ProtectMn oP I.ender's Rlghts ii� the Property. If Bortower fails to perform the covenants und agreemants
<br /> :;r� • � .�" contnined in this Security lnstrument, or there is a Iegnl proceeding thut muy sigmt'k►+ntly uffect Lender's rights in the
<br /> �" � _°,�F .. •�. � � Property(such nx a praceeding in bsnkruptcy,probate,for condemno�ion ar forfe�ture or to enforce laws or regulations).then
<br /> `'`"z r.;- � ' Lender muy do and pay for whutever is necessary to protect the vAlue of the Property and Lender's rights in the Property.
<br />__ =''�r-.�_�� '��� Lrnder's actions mAy include pnying any sums secured by u lirn which hns priority nver thiti Security Instrurnent,oppeurinR
<br /> ?�' ` � �'" '�� in court, u in reusonable ultome s'fee.und enterin�on the Pro rt to make re airs. Althau h Lender ma take action
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<br />_ ,. - . , ,f,. . under this parngmph 7,Lender dces not have to du su.
<br /> � • • � v .. My umounts disbursed by Lender under this parugrs�ph 7 zhull becorne additionul debt of Borrower secured by this --
<br /> =;�. ,;,;%„; Secudry Instrument. Unless Borrowcr and Lender agree to aher terms of paymcnt.�hezc umounts shall bear interest from the _
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<br /> . a;�.: '°°`� �"`�` date of disbursemcnt at the Note ra�e und shnll be puynble,with inierest,upon notice from Lcnder to Borrower requesting
<br />.n`,,�. � :• payment.
<br /> ''�- � Y• � . 8. Mortgage Insnrance. If Lender reyuired mortguge insurancc ax a condition of making�he loen secured by this
<br /> �•� •w�•• Security Instrument, Borrower shall pay thc premiums reyuired to muimain the mortgage insurunce in effect. If,for any
<br /> �� �"� '� reuson, the mortgc+ge insurance coveragc reyuire d by Len dcr lupsez cx ceu+eti t o b e i n e f f e c t, Borrower shnll pA y the
<br /> " A�� «%-'_��• � premiums required to obtain coverage subslnntiully cquivulrnt to ihe martguge insuronce previously in etfect,at u cost
<br /> • ' .,-„ substantially equivalent ro the cost to Borrower of the mortguge insurnnce previouxly in effect,from un altemute mortguge
<br /> -. , insut+er uppmved by Lender. If substnntiully eyuivalent manguge i nsurance coverage is not uvailuble,Borrower shull pny to
<br /> - . . Lender each month u sum eyuul to onc-twelflh of the yeurly mohgage insu�s�nce premium being puid by Borrower when the
<br />-�':.,� '�.:'�� ' insurance coverage Inpsed or ceused to be in effect. Lender will uccept, u�e nnd retuin these pnyments ns n lo�s reaerve in lieu
<br /> -�..�' �' '� of mortgage insurunce. Loss reserve payments muy no longer be nyuircd,ut the option uf Lender,if mortguge insuronce
<br /> : .:, �� ' covernge(in thc umount and for the pc�nod thut Lender rrquirrxl prondcd hy cm inxurcr approved by Lender again becomes
<br /> ;�;�._ ;.° uvailable und is obtained.Borrower shull puy the premium.rcqui��i�o inuintain murtguge insuruncc in effect,or to provide A _
<br /> , .��` , .. loss reserve,until the reyuirement for mortgage insurunce ends in uccordance wfih any wriuen ugreement between Horrower _
<br /> .. - .. und Lender ur upplicable luw. E
<br /> 9. Inspectfon. Lcndcr or its ugent may mukc rca�unublc cnuK� u{xm ;md insperlions of the Propeny. Lender shull
<br /> ' �t- - give B�ircower notice at thc time of ar prior tu an inz�xc�ion.�xrify ing rcuwnuMe cuuti�k►r thr insp�rtion.
<br /> .. . � ,a 10. CondemnAtion. 'I'he prcxced�uf uny awurJ or cloim for Jam:�geti.direrl��r romryuenliul,in connection with uny
<br /> • . Sinpk Fam�ly-•Frenle 11feelFYeddle�tuc Uti1Fe)N1f IN�1'Itl'11F.NT-•Uni(umi Cuvrnanh 9N10 qx��e?uf n puxr+l _
<br /> ' �arn1 Id�*Puun'wi Famr.Ix S I.
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