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<br /> : periodx�hat l.cndcr rcyuircx, Thc in.rurunce corrier prc�viding the iosurance xhall 6r chuscn by Botrower subject to L.cnderb
<br /> -� - a�p�mvpl which rhwll nu1 he unma�anwhly wilhheld. If 8orruwcr fuils to mufntuin coviceuge dcu:�ihed abovc,Lender may,�t
<br /> �' LenJc�w oMion,��ixuin c�wcragr�a protec�Lrnderk�iRh�s in�he PropcAy in uccurduncc with parugruph 7.
<br /> All insu�unre�Ucles and renowalK�hull be acceptablc to Lender und shull include u�:tunJu�d mongage clause. Lender
<br /> � X . ehall havc�hc�ighl to hold the�licicx unJ r+cnewulK. If Lenck.r reyuirca,linrrowcr xholl protnptly aive ta Lender all receipts -
<br /> __ af pald prcmiums nnd rcnewal notices. In the event of In.q,flom.wer vhnll give pmmpt n�rtice in the invurance carrier and �
<br /> ~' Lender. Lender moy mekc proof of losy if not maJc prampdy by Burrower.
<br /> Unlexx l.ende�•uod Bcirrower rnherwire agree in writing,insurance praceedr hhull be applied to�extamtion ar repuir of
<br /> :�?..,'".�'�`'. : th�Property domuged, if the rcstoration ar repair lK econnmically feusiGle und Lender+ secud�y is nut lessened. If the
<br /> rewaru�i�n or repuir is not economically feu4ible or Lenderk securily wauld be Icssened. the insurAnce pnoceed� shull be
<br /> •r,•�.:,. � npplied ta�he sum4 xecured by�hix Securlty I��In�mem, whether ur not then due, with z+ny exceas pAid ta Borrower. If
<br /> ����"�:•.,i�`;.. �•.,� Borrowcr pbunduns the Property,or dc�.r not unswer within 30 dnyz u noticc from L.cnder thai the insurnnce carrlcr has .
<br /> •u(56�:-t�Y2+iJt .•:C.. {
<br /> �ti�;:�•�•:: . offered ta r,etde a claim,then Lender muy callect Ihe insurunce proceeds. Lender muy use the pra:eeds�a repair or restore
<br /> = the Propeny or to pay suma secured by�hi.r Security In�rument.whelher�►r not then du�. The�-day period will begin whcn
<br /> ��� "`: °.�`." the notice is given.
<br /> '� '���'�� Unless l.ender and Borrower otherwise ugnee in writing,uny applicutiun of praceeds to principal shall not extend or
<br /> � ��-� •� • postpcme the due date of the monthly paymemR refemed lo in paragmphs I und 2 or change liie amount of the payments. if
<br /> �;;'� " � under parugrnph 21 the Property is acquired by Lender,Borrower's right to any insurance policfes und proceeds reaulting
<br /> ---.b•.�,. -:� ,...; fram dwnuge to the Property pdor to the acquisition shall puss ro l.ender a the extent of the sums xecured by this Secudty
<br /> _. • ' Instrument immedietely prfor to the acquisition.
<br /> ; �' � �," r����'�� 6. OCCUpYqCS'. Prestrvatbn, Molntenance and Protection oP the Property; Horrower'e l.oan Applicatlon; � -
<br />- ,- ,�:r��,��••�., Leasehalda. Borrower sholl occupy,establish,and use�he Property as Borrower�principal residence wlthin siaty duys ufter -
<br /> �� � the execution of this Securlty Instrumen�and shull corninue to accupy the Property us Borrower's principal residence for at --
<br /> " -. �' .: :..: -_.._ least one yenr ,�fter �he date of cecupancy, unless Lender othenvise ugrees in writing. which consent shall not be
<br /> ° unreasonably withheld,or unless extenuating circumstances exist whicfi Are beyond Borrowcrk contral. Borrower shall not _
<br /> ' • --�,� destroy.damage or impalr the 1'ropeny, ullow iha Property to deleriorute,or cammit wtwte on the PropeAy. 8orrower shull
<br /> � be in defnult if any forFeiture uctic►n or proceeding,whether civil or criminel,is begun thet in Lenderk goal fuith judgment
<br /> could result in farfeiture of the Property or othenvise materially impuir the lien crea�ed by thia Security Instniment or
<br /> ° � � " Lender s security interest. Borrower may cuce such a default and reinstute.as provided in ps+mgruph 1 S,by causing the action -
<br /> - " � or proceeding to be dismissed with a ruliog that, in Lender's goad fuith determination,precludes forfeiture of the Borrower's
<br /> .: _, intere4t in the Property or other mnteriel impairment af the lien created by this Security Instnxnent or Lender's security
<br /> ' ' „; intorest. Borrower ahall also be in default if Borcower. during the loan npplicntion pra:esss,gave materially falsc or �'•
<br /> __ ' sM:__ �. _ _ ,:_= ineccurate informatfon or stetements to Lender(or failed io provide Lender with any meterial information)in cannection with _-
<br /> ' ' the Ioan evidenced by the Note, including, but not limited to. represemutions conceming Borrower's occupancy of the
<br /> _ ° ,� P�nperty as u principal�sidence. If this Security Inxtrument is on a leusc:hold,Borrower shall comply with ull the provisions —
<br /> ,, of�he lease. lf BoROwer acquires fee�itle to the Property,the leusehald und the fee title shall not merge unless Lender agrees —
<br /> ' to the merger in writing.
<br /> • : 7. Arotectio� oP I.ender's Rlghts in lhe Property. If Borrower fuils to perform the covenanls und ogreements
<br />,. • contained in this Security Instrument, or there is n Icgnl proceeding thut may significunUy uffect Lender's rights in the �s�_,
<br />. :+�'='�: , Property(such ac a proceeding in bankruptcy,probate, for condemnu�ion ex forfeiture or�a enforce Inws or re�ulations),then _-
<br /> � • i.ender mny do und pny for whatever is necessnry to protect the vulue of the Pmpeny and Lender's righ�s in the Property.
<br /> Lender's netions may include puying any surns secured by u lien which has priority over this Sewrity Instrument,appeurin� _.__
<br /> • ' in court,paying rea4onable uttomeys'fees and entering on the Propeny to make repairs.Altlwugh Lender may take action
<br /> • �� under this pnrngruph 7,Lender doer not huve tu da so.
<br /> Any umounts disbursed by Lender under this purogrnph 7,hall become udditional debt�f Borrower secured by this
<br /> ��- ` e�,,-• Security Instrument. Unless Borrower and Lender ugree lo other te rnn of puyment,the,e umounts shall bctu interest from Ihe
<br /> '�� ' " .; date of disbunement al�he Note ratc and shull be puyoble,with interest,upon notice from Lender to Borrower requesting `�
<br /> pnyment. "
<br /> f.'� �"x ,, .. 8. Mortgage Insurance. If Lender reyuired mongugc insurunrc a+a condition of muking the lonn secured by thiK -
<br /> { x::•� Securiry Instrument, Borrower shull pay the premiumx reyuired to muintain the mongugc insurnnce in effect. If, for any �`"
<br /> I,•' „ mason, the mortgage insursuice crnerage required by Lender lupsex or ccatics to be in effecl, Borrawer shnll pay Ihe = �
<br /> .• w'� premiums required to obtain coveruge subtiuu�tiully eyuivulent to the murtgage insurunce previously in effect, ut a cosl r"'"
<br /> •_ °: , subctantially equivulem to the cost to Borrower of the mortgu�e insur:uice previously in effect,(rom un ulternate mongage °�-
<br /> - " insurer approved by Lender. If substantially equivulent monguge insurance cover�ge ir not uvuilablc,Borrower shall pay to �=`-
<br /> - • . � Lender euch month u xum eyuul lo onc-twelfth of the ycarly mongAgc inxurunre premium being p;►id by Borrowcr when the
<br /> ' , ' ' • , insurunce coverage lapsed or ceused to bc in rffect. Lrixler will acrcp�,use und retuin thexe puyments as n loss reserve in lieu
<br /> ' ° „ • � of mortguge insurance. Losx reserve p•rymen�s may no longer l►e reyuired, ut thc oMion of Lender,if monguge insuranae �'-:;
<br /> •• . coverage(in the amount und for the pericxi thui Lender rcquirrxl provided by un insurer uppmved by Lender aguin becomes --
<br /> „ � avuilable und iti obtuined.Borrower sh•rll p•ry ihr premi�m�rcyuirrd�a muintain mangage insurunce in eTfecl,or to provide a `
<br /> loss reserve,until�he reyuiremrnl for monguge insurance end,in acconlunce with�ny wrinen agreement between Borrawer
<br /> ' und Lcnder or opplicublc luw.
<br /> " 9. Inspeetion. Lender or it.r agcnt may inake reaccmublc rntrieti uFxm and intipecticin.of ihe I'roperly. Lender shull
<br /> '_ give Borrowcr notirc at�hc limc ot'or prior ti�un inx�xrlion��xrifying rcci+onablc rausc li�r thr in+�xc�ion.
<br /> � � 10. Condemnulion. The pnxeed�uf any aw:ird ur rluim liir J:unuge�,dirrct ur run.eyurntiul,in ronnection with uny • -
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<br /> � � Tn iM�kr 61: I�BOP&9D0.793 f]YA%BI&791•11�1 .
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