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<br /> �'`���`�'_ _ 5. ��Q� p�g�ry It�sutBace. Borron•er shall�keep the impmvements now existing or dereafteT etected on t0e '
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<br /> property insured agai.n�t toss by fire.huratds included within the term"extettded wverage' and any oth�hat.3rds. includiag
<br /> . Boods or ttoodins.for wP�icd Lender reqaires insursnce.This icuurance shaU tre mainlained in the amounts and for t6e�riods
<br /> _�;, • tha�LenQer�res. 1�e insurance carcier provi�iiag the ips�rsnce shall tm cMsen by Botrouer suf�ect co Leader s approval _
<br /> • �vhich shall wt be anreasonabty ���thhetd.if Bnrrower fails to mann�;n raverage descri6ed above. [ender may.at L,�er's
<br /> ..�� � oPtian.ahtain covera;e to pmtect L�ndar's rights in the Property in aceondance�vith�arar�.raph 7. -.
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<br /> � Afl insurantc pulicies and r�tewals siu�11.6e aoee�tabie tn Lender and shnll indade a standa�d mortgage cl�use. [etcdec
<br />_ '. �.. shsti Aave thc right m haid thc policies and renewals.if Lender ttiquires>Borrower shaU prom?SY give ro Lender alt iecei�ts of •; .
<br /> � paid gremiums aad reaeaal notices.In the event of loss.Borroc�er shall give promp4 natice to the insurance ca�sisr and Lertder.
<br /> Lettder may make proot of loss if not m�de promptiy by Borrawec. ��6e lied to restarmion or reguir of the
<br />.�''.:<'; 1•�.�,..:t.`�.: ' Uttless 1��d 8orrow'er atttetwise agzee in writIng.insurance praoeeds ep� :.
<br />- � groperty damaged,if the restoration or tepair is ernnomicaliy feasible and l.eader's securiry is not tcssened.[f thc�eswrativa�or _�,;..:
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<br /> ' �..�,<� � . repair is not econnQUCaliy feasibte or Leader's security�vould be lesscned.the i�ce praceeds shn11 be applied to the sums ,,•.' .-_
<br /> � �,,. • se�uied bY tbis Sec�nry Instrumeru.whether or aot thea dae. with any excess Faid to Bormwer. If 8nrroaer abandons the
<br /> � , ' property.or does nnt aaswer�ithia 30 days a notice from Ixnder that the insurance canier has offvred tg seuie a cEai�►.then
<br /> Leader may coltect tbe insutauce pmaeeds. Ixnder may use the praeeeds to repair or restore the Pmpeny or ta�puy sums -:
<br /> secured 6y this Socuriry Instruine�.whe,tfter os not then due.The 34dsy periad wiA begin when the aorice is given. <_�
<br />- Uaiess Iznder aahid Borrower othernise agrce in writing. any applicatiaa of proceeds to prirccipal stmll aot extcnd or
<br /> - __.. ..�;,�.,".$ postpone the due daie of the monthlY PaYments referred to in patagraphs 1 and Z or change the mmuuat of tlt�e pt�Yt�nts.Ig - _
<br /> .. u n d e r p a t a g r a p h 2 t G S t�P s a y e�t Y is a c q u ired b y 1.��.Borrower's right to arty iasurance peticies arcd proceeds resuldng fro�a .
<br /> ` '� . ,.��� daaiage to the Pro�ty prior to the acquisition shall pass to Leader to the extent of the sums sewtod by this Secnriry k.suument
<br /> -.N:' . • �. iaunediateiy prior w tGe aoquisation. I�tasehotds. ,.
<br /> ��`:�=,�;,�::.,.,,.��,� 6.U¢capanc}r.�suna*Matntenance aad Ptotectlan of the Pmperty:Borrowe�'s Loau ApglLentE�on:
<br /> • `�; Borrower s6a11 oocapy.establish.and nse the Pcoperty as Borrower's principal nesidence within sixry days after ttta exeatt6unofF
<br /> � • this SecuaitY Instiuu�ent and shall oontimie to oavpy the Pcoperty as Borrower's principal re�dence far at teast one year after
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<br /> `` r ' the date of accapancy.uatess I.x��er athcn�uise agrees in writing,which consent shall not be unteasonabiy witbheld,or unless ,
<br /> extenuatiag circumstaaces exist v�alch are beyond Barroaer's contral. Borrower s6all v.at destmy. damage or•impuir t�e �c.
<br /> i' Borrower s6al!6e in default if eny forfeititr� °'-
<br /> • � :' pr��,;a�tow the Property��omte. or wmnit waste on the Property
<br /> , , . ., .� acrian ar pmceeding.whether civit or criminal.is begun thut in L.ender's gaod faith jadgmeat cauld�esuit ia forfeiwn;oS the :
<br /> propeity or otherwise materially impair the lien created by t6is Security I�aswment or Lender's scxurity interest.Bo�cuwer may .�
<br /> .. �- cure sush a default and reinstate,as pmvided in paragra�h 18.bSr causing the action or procreding to be dismiss�d with a aolin� F=�,
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<br /> �-w�- tltat, !r. �e�'x gaod faith de�rinatioa. precludes foc[eituce of the Bormwer s inaeKSS in the Property or ot��nteciat
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<br /> , : impai�seat of the lien created by �15is 3ecurity Insuument ep Lender's security interest. L�mower siu�Il ai�o ba in def�ult I€ — .•
<br /> � � � •:' ?s Bomrwer,during tIte loan application prooess,gave matecially false or inaaurale iufonna�on or sqtements ta Leader(oa fat�ed �.
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<br /> to vide Lender with an�+material jnfom�an�u►�°nne�°n`vith the toan evidenoed by the Note.including.but not iiYnited �T��•�"
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<br />. • to..representations coaceming Borrower's�y of the Properiy as a princiPal residence.If ti�is Security lnstrument is on a
<br /> - t��, Bonoarer shaf!oompty with all tt:c provisions of the lease. If Bomawer acquires fee ti[te to the Wvpe�ty,die �.�;`-
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<br /> °•�,";• .. tease)'s�ifi3 aud the fee titte shall not cnerge unless L e a der agrees to t he mer ger in wrida g. E:,-.•.
<br /> - � .. T:�atectton of Lender's Rtg6ts in ti�Properi9.If Borrower fails to perfoim the oovenants and agreemenffi eantained in ""� ..
<br /> �- . �: r.'. this Seca�ity 1a�trqaveut, or there is a tegal prnceedjng that may significam�;�affec�L�nder's rigtrts i�ul�a Prop�ty(sach as a � .
<br />- ° ; ' � ���' procee�tiap in��4.�."y P�te.for eondemnation or forfciture or to arfinrx taws ar regulatioas?.s�¢u i.endsr mup do and —�.
<br /> � tAnder's�crions mny
<br /> � •' � "3.•: ' PaY f�r��atever is necessary tg.nrotect the vatue of the Prayerty and Lct�r.Kr's rights in the Propeny- �•-
<br /> •�..:�.�.... �- -
<br /> ��`. `i',`• incWritr PaYjn�anY sums secatv�''1�y► a lien whieh has pri�rity over this Security L^.�nsnent, aPPe�� ia o��tt. PAY��
<br />_ .' �' reasonable attumeys'fees and eii::ring on the Property to make repairs:Alt6ough Lende�may take a�ion uader�para8raPh s"''•-
<br /> �-
<br /> - � . �..�`,�'.` 7.Lender does not luve to do so.
<br /> ~ f�� �� • Any amounts disbwsed by Lender unci�:d�s paragraPh 7 shall become additional debt of 13�sr+aaer secuc�f by this
<br /> , -...�c, .�¢ to ather tenns of ayment.these amounts sSa;1 bea�'•interest from the ��„�
<br /> = � �, gecqriry Instrument.Unless Borrawer and L� agreg P
<br /> date of disbursement at the Note rate anA s1�a11 6e payablr.�with interest. upoa nodce from l.ender to Borsa���a regaestin8 �'
<br /> . • payment. ,
<br /> . . ''oa of rn�n the ldal secared b�nitis Sec�rity � S••�
<br /> � ' 8.Moetg�e Iasm�ance.If Lender require,d mortg�ge insurance as a condiu g
<br /> � . �,i..
<br /> ' '.:}X�;• lnstrument.Borrower sl�aU pay the premiums required to maintain the�uatgage insurance in efi�. 1P. for any reasan.t�c
<br /> ;r,+x�i;'�:,. ;i�'i�t..� mortga$e insuraaoe ooverage required by Lender lapses or ceases to be in effect.Banower shall pay zite pt�miums ael�uirsd[in ,-`�
<br /> =. .'v•:�'i�,h�r','�.VE��-;�. obtain coverage su6stantialfy e�i.arat�nt�to the mortgage insaranoe previously in effect.at a cast substantialiy e�i�a�i:~,�toci�tcs r.�::::
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<br /> • :'4�i,4��;�•°r-;���k` � cost w Bonower ot the mort�e iosurance prevtously in effect. from an altemate mortgage insu�approved 1��•l:�nder. �f ;: Y
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<br /> �;',r? t substantiully equivalent moctguge insaranar coverage is not availuble.Borrawer shnll pny co Lender e�^.�`t month a sum equal a�
<br /> � ' ' s� ona�twelRh of the year3y moRgage insu�ana p��ium being paid by Borrower when the insuran�eaj�s:cye l�p s e d or c e a s e d t o
<br /> ' ' � � �� be in effect.Lender will acoe�t.use and retain these payments as a toss reserve in lieu of mortgage iusncancc. �.oss resetve
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