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<br /> 98— �a4�s
<br /> S, H�utard or pcoperty Inwnnce. Borrower shall kap the Improvements now exis7tng ar hereafter er�xted on the
<br /> Prope��ty insured against inss by fire,haz�r�da included withln the term 'extendod rnverage'and any other hiu.iuds. Including
<br /> flooJs nr(loadtng,foz«�hich Lender rcqaires insan►nca Thie inwrance shaU be maintainod in dK amounts and for the periods
<br /> that Lender requires. The insuruxe c�rrier providing the insursuke shd� be chosen by Borrower subjxt ta Lender's approval
<br /> which shall not be unrca9onably wtthheld. Ii'Bvrrower fails to m�intein cover�ge described ubove, I.ender may, at L.ender's
<br /> uption,obt�in covernge to protoct I.ender's rights in the Proporty in acoordance with paragrAph 7•
<br /> A�!inwrmce policies�nd renewals stWl bo acapt�blo t�Lender nnd shall include e star�dard mortgage clwse• L.eoder
<br /> shall have the right to hold thc policies and rencwsls.If I.ender requires,Bonawer shall promptty give to l.ender,a1.1 n�ipts of
<br /> paid prcmiums and ronc�val natices.In tho event of loss,Bnnower shall givc prompt notice ro thc i.cr,suran�cc aaxr+er.aa.'�k un�'.
<br /> Lender rt►�y m�ke proof af lass if not msde promptly by Borrower.
<br /> Unless Lender ar►d Banower utherwisu agrce in writing,iruurance pmceeds shc�tl te appl ied to resl�x�tion.o�c��r oF ttxe ,
<br /> �fOFICRy(I8Iftll�Clj.li ti�idSiui�ii'i0i�Ge ic�'i8ii iS GfiAU7711C.'l�I�f..«`�5�^3!!��.!?!�!7��9:ti+;�r;�ic n�fnccnn@{�.If thc MCR07j12i00 GV�' _--..
<br /> repsir is not xonomiudly feasible ar lxnder's security would be lessenee�,thG insura,xe Pruc:eec;S s�h�lE be a�i'e�8�'�M���'S .
<br /> aa.�ured by this Sxurity Instn►ment, whcthcr or not then due. with wny exci��ss.paid to Borrower. If&xrower ilbx��tl�ns�il:�as
<br /> Prope�ty,r,r cfioes no�t.enswer within 30 dayF a notice from Le�xler ttwt tl�v�nst�nce carrier t,as of�erod to settt�a'�Xn�r�,th�n
<br /> �.�.^n�z nwy cvik.rt�the in.sa..:a.� proccals. 1.C�xter u�ey use the procte^.�S:to r��aiti.�r restE�re the Property or tG'pzy snms
<br /> svcatrod by thls 5ecurity Iasrsument,whether or not then due.The 30-d�y pe�od wi]i'1�egin when the notice is giveA. �
<br /> . [Jnit:ss Lendcr and Borro�i�iv otherwise agroo in writing.any a�p�it�ltinn oF proceed� ta prinCjpal shall tiot G�tend or
<br /> pc�stpune the due�te�f the nanthly gayments nferrod tu in prcagr�ph.s 1 and 2.d.r change t}�.xtniniitY of ihe paymems. If • .
<br /> � under pusgreph it the Propecty is acquir�ed by Lender,Borrower's right to•a�y insut�xx poticks and•proceeds resalting frot�,
<br /> dacnage to the Propntty prioc ta_the ac9uisition shali pass ro Lender ta the eatant of the aurns�ecare�l.�v thls Security Instrument
<br /> immediately prior to the acq�eisEkaon. �'
<br /> 6.pccupurr�;preserv�tio�►,1VLInte�uece and Protectlon of the Property;Bo'rra�vK's LoRn Applicntion;Lerselqlds.
<br /> Borcower siurll occupy,�stablish,and use the Property a1 Horrower's pdnciQal residence wilhin sixty.•dt�ys after the oxecudon•Ut '
<br /> ' this Security Insttument and shall continue to ocxupy the ProportY as Bo*cuwer's principal recidenc�ti�ir et leact pne yq�r PRnr
<br /> : the date of occuponcy,unless Lender otherwise agroes in wdting,which coacent shail ipt be unrcttita�ly withfxJd�;�or.ur�
<br /> ex[enua[ing circumsi,ux-c� axis:':r,i�i:h ar �;:�an:! Eorrouer's:ontrol. t�,rmvves stirit9,not destroy. dAnul�e�ir :impair the ,
<br /> 'ihall bG �if deFat4�t�if.,�rr�;v.�'orfature
<br /> Property, �llow the Propeny to;c'rttieriorato,or commit waste on the Pmperty. lloa4wc;.r,
<br /> action ur�n,cnaii��g, whethcr ci•rll or crim�it�ti, is begun that in I.ende�•s oea!fa;!h f�td�e!r^!!�►*1��'ri�ult in�`uri�+tu�e of the
<br /> P�r,�erty or otherwise materis►liy impuir th�ticn creatod by thfs Security�mtruinetK or l.ender's seCU�'+ty intetest. fbrrower may
<br /> � cure such y dGfault u�d reiast�•;rs pravided in paragrapk� t8,by eausi•t�;he action or,pr+ae�ding ta be dismissai wi�h a ruling
<br /> that, ln Leoder's good fiuth'd�tcrminadon,pra:ludes forf�sitt�i-fe of the Borrower's orRerest in the ProP��Y �:������'� ;
<br /> impairn�nt of the lien crratod by this Security Instcument br �.ender's sa�urity intbrest. Borrower shall alsa be"ic�def�ult if
<br /> Borrowu,during the loan apQlication procxss, gxve rtwterially fdse or��aM;+xuate info►mation or etatetna�ta to Letder(or fuled
<br /> to provide Ixr�der with any meterial informa�ion)in connection with the�'�h evid�nad by the Note,including,but rot llmitod
<br /> to,representations rnncerning Borrower's oaupancy of the Propecty as+t¢rinciPal residena. If this Securiry I�atrument ia on a
<br /> lea.xlald. Borrower shdl oomply with all the provisions of the IeasC. If Borcower acquires fee title to the PropertY� the
<br /> leasehold and the fae tide shxll q�t,mergc unles�s[.ender agr�xs to the merger in writing. �
<br /> 7.ProtectWn of Len�kr'�Rlghts in the Propa�t7•If$orrower 1�1s to perforn�the covemnts and agrouna�ts cvmtainai in
<br /> •� thia Security lnstrumet►t, or tlkr�is a legal praxeding that msy si�ni�cantty affixt Lender's rights in the Property(wc6 n�
<br /> •� procaeding in bankniptcy,probete,for condemmtion or fodeiture or to•enfora laws or regulxions),then I.ende�m�Y do�d
<br /> paY for wlmtever i���ss+�ry,�tn protect the value of the Propedy and L.ender's rights in the Propniy. Le�der's sctions may
<br /> include paying eny sunu etcurect by a lien which has prioriry over thia Security Inswment. apPearin8 in oaurt, pyin�
<br /> �nable atto�eys'fces uid cntering on the Property to make rep+►irs.Although Lendcr may uke�ction under this pensrsph
<br /> 7,Letder daex�at t�ave to do so.
<br /> = Aay amounts•di�bursod by Lender under this paragraph 7 stwll bocome additivnel debt of Borrowa savred by this
<br /> - Secnnity Instrument.•fJnless l�orrower and I.�nder agroe to other terms of payment,these amounts shall bear interest from the
<br /> daie���disbuiaement nt the�Notc n►t� and shall be payable, with intercst, upon notice from l.ender to Borrower rec�uest�n6
<br /> - p�ytnent. '
<br /> _�i; P,M�rt�e Insurana.If Lender required mortgage insunncc as a condition of m�king tha Ioan securod by this Saurily
<br /> Instrument, �n+�rvor shall pay the premiums roquired to maintain th��iiortgage insura�xe in e�ft'ecs. If. for any rason� die.
<br /> ''; �r��gc insivaeroe roverage requiral by Ltnder Inpses or c�to be in effect, Sorrowa shall pay the prem�ums ral�irod to
<br /> F �C,Va3 n rnvera$e svbstantiaiiy cyuivelent to the mottga$4 ir.s�iranca praviously in effect, at a cost substantial{y equivilent tn the
<br /> � co�s?;ta�orrc►u•�r•of the mortgage insurana previ�wsty i��.ef-foct, from an altemate mortgage insurcr appcovod by L.c:rder. lf
<br /> %` substanaalt;r a�►�avulene mortguge insurana ooverage ie nbe u�►af6iuk, R:�ower shall pay to Lender eaeh month a sum t�(u1d•lu
<br /> `" one-twelftFt��'Y�+s:ymrly mortgege insurance pn►ninm lu:ing putd Isy�rn�wer when the insura�e coverago lapsod or co�u�i'tu
<br /> :: !�e b;�.effect.[.�:�iler�will accept.use and retain these�x�ynlnuttt as a Ibxu ►�eserve in 1iw of mortgage insurance. [..oss nsen'e
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