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<br /> — wc[u�g fioais ot tioamng. ior v��ici,��tc� .cyu;:�:�s�a:,:.:,. 'R�i�:ranr.:sfra!!� 'u�sasis�ia t_�em�mtc And
<br /> f for the periods t6at l.�ader requires.Th�imvrancx carriar providing the insurance shall 6e chosan by Borrow�r subjrct to , ; �;_::
<br /> , L.ender's ap�rova!wtuc6 shaU not be unreasonably withhe(d. Tf Borrower fails to mainta�n cov�raga�b�cnbed above. . � ,
<br /> . Le�ter may. at I.et►d�r's optioa.ubtain coverage to protect I..�sn�r's rights ia the Proptrty ia acwrdance with paragraph , 1 ...
<br /> 7. —
<br /> All in5urance policiCS sud reawals shall be acceptable to Lend�r and shall wcWd-a s►anda� Y b�gagC clawr. • .
<br /> Lender shall hava the nght to hold th�policies and re�wals. If L.aoder r�9uins.Boaower shall so d v�to Cxnder �
<br />. � a11 r�ceipis of paid premiums and re�wal nflliccs. 1a th�event of losg. Borrowzr shall giv�prompt notica to thC�nsuraact .. ., : �T.
<br /> carriar and L�nder.I.tndar may make proof of loss if not mada promptly by Borrowrer. ' ,�
<br /> Unless I.�n�r and Bormwer oth�rwisti a�re�in writing.insurdnc�procr,e�shall!x apFlied to rastoraaon or r�pav " _-=
<br />' of the Pco rty damaged.if ths�storation or repau is ecanomicaUy f��te aad Lender's s�curity is aot Icssea�d. If ttte - ----, . .--. ---.::_
<br /> resiotarion or n:pa'v is nat econnmicaUy feasibte ar I.�nd�r's security would be lesset�d.the iasurance praceeds shal!be , . ;s
<br /> � aPplied to ttte sums secur�d by this Secw�try Inshument, wtteiher or not then d�, with any axcess paid to Bonower. If -- ,. �:.
<br /> sum
<br /> Borrower a6andoa4 the PropertY.or does not answer within 30 days a notice from l�v�r that the iaswanc�carri�r has
<br /> ot�ered to settla a claim.th�n Lender may collect thC inssurancx praceeds.L.ender may nse the proceecls to regair or rescore ,--.- �.
<br /> ti�e Peoperty or to pay sums secured by t5is 5ecwiry Instrument, whethar or aot then due.Tt�30-day p�riod�vill 6egin , � :.° � y:':
<br /> when t�e aotice is�iven. al s6aU not�xtend or , - :,,;.'..�..��,
<br /> Unless Lender and 6orrower otherwisa agree in writing.any application of proceeds to piinci� •.,. .___
<br />. postpone tha due date of tha monthly payme�s referred to in para�aphs i and 2 or change We amount of the payt�uts. If . :,�=_-�,,,,`.°._
<br /> umder paragrap�21 ttte Propecty is acqirired by Lender,Horrower's right to any insureace Policies and proc�eds resultinS
<br /> from damage to the PropeitY Pnor to the acquisition shaU pass W Lender to tha extent of the sums secured by this Security ;.',�s
<br /> - Insh'ument imm�diately pnor to th�acquisiuon. Borrower's Loan Applkatlon; �-�—.
<br /> 6. Occupanc9, Preserv�on, Mainteaance and P�ctec�on of t�e �top�ty, 4�`�
<br />' �,ease6olds. Hormwer shall occupy,estabtish, a�d ase the Property as Borrower's pnncipal residence within sixty days ����_
<br /> aRet the execution of this Security Instrnment ar�l shall coutim��°°ccaPY��OA�i'tY�Borrower's principai residence � ----_-. . 4
<br /> ' �:
<br /> for at least one year after tlie date of occnpancy.unless Lender oth�rwise agnxs in wnhng, which consent shaU nnt be �,..��
<br /> . uSe�sonably wittiheld,or unless eatenuating circumshsnces exist w6ich ara beyond Borrower s conirol.Horrower shall not _
<br /> de�oy�dumage or impair We Propeity. allow the Property to deteriorate, or co�mit wasta on the Property. Bormwer ----- -�'
<br /> shall be in default if any forfziture action or proceeding,wheth�r civil or criminal. is b�8�������r's goad faith ,
<br /> -� � bl�.�,...
<br /> judgment wnlil msult in forfeittu� of the Froperty ar otherwise materially impair the lien created by this Security . .
<br /> • In,strumetrt or Le�er's security interest. Bor�otiti-er may cure such a defaul�and reins�tate.as provided in paragraph 18.by :
<br /> ca"�.�, the action or proceeding to be dism3c.�:d with a mling tha� in Lender's good fait6 det�rmination. precludes . , �' j : ,.�:_
<br />` � forfeiWre of t�e Borrower's i�erest in tize Property or other material im�airtnent of We lien created by dus Securiry :: ': __�
<br /> Instrument or Lender's security intenst-Borrower s h a ll a lso b e in de f a u l t i f B o r ro w e r,d u r i n g th�loan a p Plication proc�ss. ,:;��,,:.� y,�:` � ,`
<br /> �ave materiaUy falss or inaccura t e i a fo r m a t ia n o r s t a t e m e t R s t o L e�e r(o r f a:led w�rovide I.e�ter wrth any maksrial L�r:.:. ';..w
<br /> informaflon)in co�tioa with the loan evnc�:ed by the Not�. i�ludins. hut not Iim3cNd to, represeutations wnceming .:.,� , ,, • ,�: ..;�-.
<br />: Borrower's occup;xrtu:y of the P�operty as a prcar�.a l resi d enc e.I f t l ri s S e c u r i ty Instrum�nt is oa a teasehald.Borrower shall .; •y t�•...._. , .'::�,��,�
<br /> G'
<br /> .. . �mply�vith all t�provisions af the Ic;ase. �f I�arrower acquiies fee titte to We Property.the leasehold and the fed title ,.�.::�,:,�}.:
<br /> shall nut merga unless Le�ier agrees w the mes��r in writing•I f Borrower f a i L 4 to pe r fa r m t h e covenaats and mentv '' - ,�'.�
<br /> 7. Ptoterdon of LendePs Rights In 4he ProperS�. �.�� ,::
<br /> contained in tlus Securiry lastrument, or there is a legal ��:eeding that rn�►y sib�aifi�ly affect I.ender's ri�g�Z s�in the _ : •. . ;,. ..
<br /> property(such as a proceeding in bankruptoy.pmbate. for ccndemnatton or forfeiture or w enforce laws or regulations). `.ii �r,..._
<br /> . then Laader may do and pay for whatever is�:cessgry to protect the va3� of the Property and Lender's rishts in We ' .4',:,;:
<br /> , Property. Leader's ac6oag may include pay�ag any sams secund by a li�n which has priority over this Secunry �,� `',:--
<br /> Instrumen�appearing in court,PaYiflg�eas°aabls�suomeys'fess and ent�raa�on the Pro�rty to maka repairs.Although
<br /> � L.e�tes ms►y mYe actioa tmder this para b 7,L.ender does no3 have to do so. -= "_�...
<br />. , pny amounts disbuised by L$ er w�der Wis garagr'�'�7 shall become additioaal debt of Borrower seeuted by this :,l,_
<br /> Secusity Instrumea� Unless Borrawer and L,e�ter agree t�cs�r terms of payment,thesa amouats shall bear interest from ,�-,s--.:.; .
<br />' the date of dis6wsament at the Note rate and shall be pa}"a3le. with i�erest. upon norice from Lender to Borrower .�_
<br /> � reqaesting payment
<br /> S.Mortgage Iasurance. If[.ender required mortga�insurance as a condirion of malaing the loan se�ured by this -,,,�"'�g�':=:_---
<br /> Secnrity lnsttvment, Borrower shall pay tha premiums req".::;�!to maintain tbe mortgage insutance in effec� If, for any �-..' � .'
<br /> ��, � mortgage insutance c�;everaga requued by Len+er lapses or eeases to be m effect. Botrower shall pay the [ ,�_
<br /> „ _ premiums req¢ired to oMain covs�a;e subsm�t�nlly equivateni to the mortgage iasam�.^ce previously in effeci, at a cost
<br /> L'i ��•�' �� '-., .
<br /> subst�tially equivaleat to tha ws�to Boaaw�r of the mortgage insluaao��-°viously in effect,from an alteraate mortgage
<br /> ' insurer approved by I.onder. If sub�ta�y a�I�ivalent mortgage+��*�'^ce co�era8a is not available.Borrower shall pay �..�_'=-
<br /> � to L.eader each month a snm equal to o�-twelfth of the yearly mortgage insvrance ptemiva►bein8 Pald by Boaower whea
<br />� the iasurancs coverage lapsed or ceased to be in effec� l.ender will accept.use aud ntain thase peyments as a loss reserve °°��^ ..�.
<br /> in lieu of mortgage insurance. l.oss reserve PaY���Y no longer be required.at the optioa of Lender, if mortga e .. r _i� ,� �,_,
<br /> inSV:ance coverage fin tt:e amouni and far the penod tLat Le�er requires)pmvided by an iasvrer approved by Le�er . �, • ==
<br /> � again becomes available and is obtained. r wet shall pay the premmms reyuired to maintain mortgaga iasurs�nce in : „��-,:T^V•.
<br /> effect, or to provide a loss reserve.until tbe requitement for mortga,3e insurance ends in accordanca with any wriuen ,5,�,.,n,.,=
<br /> _ agreement between Borrower and L.e�er ox a,�plicable law. Form 3o /pe������ - i:��.��,,,`
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