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<br /> _ perfnda Ihwt Lende�requiree. 71ie in�urance cArrier prnviding tha insw�unce�hall be.chosen by Borrower subject to[.enderg
<br /> -;�, uppraval which eholl not bc unrcasonab�y withheld. If Borrowcr fails to malntain coverugc der,cribed above.Le.nder may.at
<br /> Le,�der�s op�fon,obtoin coverage to protect Lendcrk dghts in the Piroperty in accordunce with paragraph 7.
<br /> All insurance palicles und renewuls riwll be acceptable to Lender and siwll Include a standard mortgage clause. Lender
<br /> shall hnve the right to hold the policics and renew�ls. If Lender requires,Iiorrower shall promptly give lo Lender all rcceipts
<br /> -- of puid prcmiums and rcnowal nMicex. ln lhe event of loxs,Borrower shull�ive prompt notice to the insurance carrier and
<br /> .- l.a:n�:r. Lcnder rnay mnke proof of loss if nnt made pmmptly by eorrower_ �
<br /> ". Unlcva Lender und BoROwcr dherwice Agrec in wri�ing.insurance proceeds ahall bc applied to Rstoration ar repair oi
<br /> • t h e rt y d e m e g e d, i f t he rcstoretlon or re pair is economic�ll y feucible wid Lender� secud ty Is not Icasened. If the
<br /> p�ope c
<br /> ____�.�io� restorntion or repair is not econamically feu�ible or Lender's security wouM be lessened,the insurance proceeds shall be
<br /> applied to�the aums securcd by this Secudty Inslrument,whether or not then due.with any excess pald to Bonower. If
<br /> � ---- — Borrower abandons the Property, or daes not ariswer wi�hin 30 days a notice from Lender that the incumnce carrier has
<br /> ��,�s�
<br /> ..��,,,�� offered to settle a claim,then Lender mAy collect the insurance proceeds. l.ender rnay use the proceeds to repalr or rcstorc
<br /> °�-- the Property ar to pay sums secured by thi�Securiry instrument,whether or not U�en due. The 30-day period wiQ begin whea -- -
<br /> '!�'`-��a� � the notice is given. _
<br /> =;�;,y,,�,;�- Uoless Lender und Borrower otherwise agr+ee in wdting,any upplicaiion of proceeds to principal shall na extend or
<br /> —�� - ', - - pastpone the due date af the monthly puyments referred Ia in puragraphs 1 and 2 or chaoge the nmount of the payments. If
<br /> �� m under paragroph 21 the Property is acquf�d by Lender,Borrower's right tn siny inAUrance policies and proceeds resuldng
<br /> - from damuge to the Property prior to the acquisiNon shull pass to I.ender to ttu eatent of ihe sums secured by this Security
<br /> �� Insuument lmmediutely pr�o�to the ncquisition,
<br /> � � 6. Occepaocy, Preservadon, Malntenance and Protection oi the Property; Borrower'e I.oyn AppUcadoni
<br /> ":�'!'` 7'�.'�;', +::';�'�` I.easeholds. Borrower shall occupy,establish,and use the Property as Borrower�principal residence within sixry days after -i--
<br />���_ '�"•'•5'�" ��` � �� the execution of this Security Instrum�nt nnd shs�ll continue ta occupy the Property as Borrower's principal residence for et
<br /> �.•, : ,; ,: .r �
<br /> . leust one ye�u nfler Ihe date of occupancy, untess Lender othornise agrees in writing. which consent shnll not 6e
<br /> ._;.� .=••k• • unreasonably withheld,or unless exlenuuting circumstnnces exist which are beyond Borrower�s control. Borrower ahall not
<br />- • � � � '` destroy,damage or impair the H�op�rty.ollaw ihe Propeny to doteriorute.ur cuuunit waste on the l'roperty. Barrowcr shap --
<br /> "Y� be in defeult if any forfeiture action ar proceeding.whether civil or crimind, is begun that in Lender s gaad failh judgment
<br /> �.h ./�`. ;._ .!
<br /> • -;•��.°- �'•,,°-��,;^ , could rcsult in forFeiture of the Property or otherwise mAterially impair�he lien created by �his Security Instrument or
<br /> � ' ' Lenderk security interegt. Borrower mny cure such u defuult and reinstate, �.s provided in parngraph 18,by causing the action
<br /> ",`.,,�,••.� � ' . or proceeding to 6e dismisxed with a ruling thw, in Lenderk gaod faith detem�inetion,precludes forfeiture of the Borrowerh
<br /> ` .:� � • . interest in the Propeny or other material irnpairment of�he lien crea�ed by this Security Instrument or Lender's security
<br /> � • . ° interest. Borrower shnll also be in default if Barrower, during the loan application process, gave muterielly false or
<br />�� d�r,��- �'� � � ��� inaccurate infomnution or statements to Lender(or failed to provide Lender witb any meteriel informetion)in coruiection with
<br /> ��•�::x�- the loen evidenced bv the Note, includinpt, but not limited to. representalions cancernin� Borrowerc occupancy of the
<br /> � ` . Property uv a principal residence. If this Securiry Instrument is on u leusehold. Borrower shafl comply with all the provisions
<br /> . ,. • � of the lense. If Borrower acquires fee title to the Property,the leasehold and the fce tille 4hall not merge unless Lcnder agrees
<br /> _ 4 ' to the merger in writing. _.
<br /> ..s �• _ 7. ProtecNon oP Lender's Rights in the Prope�ty. If Borrower fails to perfortn the covenants and ugreements __
<br /> �� conutined in thig Security Inswment, or there is u legol praceedin� that may significantly uffect L.ender's rights in the --
<br /> `'•�;: • Property(such us a praceedin�in bunkrupcy,probate,for condemnation or forfeiture or to enforce luws or regulstions),then °-
<br /> ' ' �. , l.ender may do pnd pay for whatever is necessury lo protect �he value of ihe Properly and Lender's rights in the Property. �
<br /> �'' • Lenderc actions moy include paying uny sums securcd by u lien which hus priority over this Secur.ty InsUument,uppearing
<br /> s �•��ari�• ``+� irl coun, paying rensonuble attomeys'fees and entering on the Property to make repairs.Although Lander muy Ieke oction e�
<br /> � .. �'°"�°' under this pnrngrnph 7,Lender dces not hove to do so.
<br /> �. " . Any tunounlc di�buned by I.ender under this pur�graph 7 shall becom�additional debt of Borrower secured by this
<br /> '�'� , , ,• Security Instrument. Unles�Borrower und Lender agree to other tr�mti of puymem, these amounts shrall bear interest from the
<br /> ���'� . date of disbuisement at thc Note rute urxl shull 6e payuble, with interest, upon notice from Lender to Borrower requesting C-��"
<br /> puyment.
<br /> r� 8. Mort�age Insurance. If l.ender reyuired monguge inxurnnce as u condition of making the loan secured by this _^
<br /> ` "`"';"�!'�''., � Security Instrumen4 Borrower shall puy Ihe premiums required to mAint�in the mortguse insumnce in effect. If, for any
<br /> r ° � reeson, the mortgage insurance coveruge reyuircd by Lender lupses or ce�ses to be: in effect. Borrawer tihell pay the �T
<br /> `� premiums reyuimd to obtuin coverage substsmtially eyuivalent to thc monguge insurunce previouxly in effect, at u cos�
<br /> • substuntiully eyuivalent ro the cost to Borrower uf the mort�age insurance previously in effect,from an nitemule mortguge _
<br /> • ' ' _ insurer approved by Lcnder. If substuntially cquivalent mongage insurancc coveragc is not availublc,Borrower shall pAy to
<br /> _ . � Lender each rnonlh A sum equul to unc-twelfth oi the yearly mongage insurance premium being pwid by Borrower when the —
<br /> . •,,�„� insurunce covernge I�psed or ceased to be in cffect. l.ender will ucrept,use and retuin thcse payments As u loss reserve in lieu
<br /> � " . . � of mungage insurance. Loss re�crvc paymerns may no longer be rcyuircd,at ihe optinn of Lender, if mongage insurunce _
<br /> . , .�,x coverage(in the antount und for the period tbat Lender rcyuire+►provided by nn insurer uppruveJ by Lender uguin 6ecomes ��;;
<br /> ' ' uvailuble und is obtained.Borrowcr shull pay the premiums reyuircJ a�muiniu in mongaFr insurunce in effect,or to provide u __
<br /> . • ;��'`" loss reservc,until the reyuirement for mortgu�e intiurunce end,in uccordunce wiih any wrinen agRement be[ween Bcxrower
<br /> _ and Lender or appliruble Inw. �
<br /> 9. Inspeclbn. Lender or its agrni m�y rnuke r.ru.anublr entrir,uFxM and ins�xctions of th�Property. Lender shall !
<br /> • ` ` � give Borrower natice ut Ihe time of ur priix to:u►intipection�perifying reusanufile ruu+e ti�r thr inspertion. -_
<br /> � � 10. Condemnatlon. The pnxcrJs of uny award ur claim lix Jarnagc.,clirert ur rcm+eyuen�iul,in c�mnection wi�h uny �,•",';,
<br />• .' Sin�ele Funuly--Fmnle 1lna/hYeddk\fac U\IFORN IhtiTRt'�1F.!VT•-l�ndurm Co�cnum. 4/99 y�ukr�njn p,��cu �.�
<br /> .. I�rtu latn+llueuKea F��we.lnc ■ �
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