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<br /> S. Hwrd or Pruperty Inwr�ncs. Burmwsr uh�ll koep �he impm�•emcnta n�.�w eTcTstinq�i�ir���fter erectai on the
<br /> Prope»Y inwred �irut lu�� by firo,hwu►ia includcd wlthfn the�erm "extended coven�e" uxi�ny nther hxrard�, i�x:ludi�
<br /> flooclx c�r flcxxNn�, for which I.ender rcquircs insunu�ce. This insurpnco stwll be maintainaf in the wrraunts xrnl fnr the periods
<br /> Ih�t Lei►der requira. '[1►a lnwr+�r�ce urrier providing the inwrance alull be ctasen by eorrower subJxt to l.ender's epprov�i
<br /> which studl not t+e unrerso�ubly witliheW. lf Bannwer hils to mrintain covenge descrfbecl �Ye. I,erxler rn�y, �t I.erxkr'a
<br /> qxian,c�M�in covere�e to protcct Lendtr's rights in the Property in�ccord�nco wlth par�nph 7.
<br /> Al) insunutoe pnlicies�nd rrnew�is sh�ll be �ccept�ble ta L,ender�nd stMll inc:ludo a sturdud nxi�tg�ge el�use. Lerder
<br /> shNll hwve�he right to hald thc policia and renew�is.lf I.erder requires,8c►rrower ehxll promMly givo to I.rnder all reaipa of
<br /> p�id premiums and rtnewd notioes, In the evcnt af lass,Bormwer shali givc prompt nntico to the insuriu�ce urricr and I.ender.
<br /> l,eixkt�tuiy nwice proof of loss if not m�da prnmptly by Borrower.
<br /> Unleas l�eader and Borrower othawisc agroe in writing,insucanoe proca�ds sh�ll be�pplied to r�tar�tion or rep�ir at It�c
<br /> Prcxxrty d�tn�ged,if the restort�ttion or[eu+�ir is economica,Uy feasible and Lender's socurity ia r�ot Inx.uned.If Ihc restoratian or
<br /> rq►air is not eoo�wmialiy fasible or[.ender's sawrit�r would be lessened,INC 1RSU1'�IICC PI�OCOOdS 6M�I�t1C�IIOd tp tI10 7flltpt
<br /> socurod by this Savrity lnsu�ument. w1�etAer. a�,oc tF.ern due, with any excess p�id to Borrower. lf Borrowcr.�tandons U�e
<br /> Pro{xrty.or does not answer within 30 clays�e potiiae firoon [.er�d�r that the insurnnoe c,�rrier hac offerod to adtle a cisim. tha�
<br /> I.ender maK cd�ect the inwrame pmc�eds. l.ender may use We �cnceeds to rc.pair or restore tAe Property or to pay s�uns
<br /> �ocurod by ttis 5a�ri�y 6�xstl.ixnt.whether or not then dut.'I'he 30-cf�,y period will begin when the notioe is givrn.
<br /> U� ltn�der amc! 8ex�uwer dhcrwise ag�e in writing� say a�ptication uf prooeods to principal ahull not eactend or
<br /> pos►�on�e tLe dne�e c►f� monthly paymcnts rcferred to in paragr.r�p�.s 1 and 2 or ctunge the urwunt of the psyrne�u. If
<br /> uecier p�ra�rap6�21 the E'roperty is acquired by Lender. Borrow�er's rigt►t eu any insuranoe policies Rnd procaeds rewlting fiom
<br /> dar�r►�gc Io tt�Pr„�ny prior to the acquisition shall p�ss to Ler�der to tt►o e�tent of the sums securod by this Securiry Instrument
<br /> iarc�nediately prwr w the acquisition.
<br /> f.Ooculw�ncy,Preaerwtlaa,b'i�lntewipce�ad Proleciiow of tlie PropertY: Borrowsr's I.wn Appl{t�tiar I.�eMoid�.
<br /> Bonbwer stwll oocupy.esnblish,and use the Property as Borrower's pdncipal nsidonce within siaty d�ys after tht eaecution of
<br /> this Sa�urity Instrument and stWl rnntinue to occupy the Pro�rty as Bo�7ower's principal reside.nce tor at le�►st one year after
<br /> th�date of axvp�ncy.unlesa I.ender otherwise agroes in wrlting, which rnnsent shall twt be unreason�bly witht�eld. or unl�ss
<br /> axtenu�ting cinvmstana� exist which arr bGyond Borrower's contml. Borrower shall not destroy, damage ar imprir the
<br /> Property,�Ibw tl'�t PropcKty to deteriorntc, ar commit waste on the Propetty. R�xrower shall be in defeutt if aay fixfe�itr�
<br /> ad'wn ar prp000di�g.whethea:�civil or crlmi�wl.is bcguan cluit in Lender's good failh,�udgment oould result in forkiture o[tbe
<br /> NiapertY or wl�e�ti�isc rrwteriAi�,y impair the lien creatM�a��yhis Securit�r Itesuument a.l.ender's secvrity intetest.8orrovrcc miy
<br /> n�rr:�u�rh a�f,u,cle s�tii n:incMt� we�mvirlwrl in rnravrwr� 1 R hv rfN�ci„e fh�oMiru��+r nmrwviimr�.+M d:■micerri with�mlinj _
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<br /> th�t, in I.encie:r:��good faith determin�tion. precl�des forfeiture of.R'�ir �orcowor's interest in ttx 1'roperty or uther mateaia�i �
<br /> imMim�uN of tl� lien craitod by this Security Instnlrt��t ur Lend��';;�ecurity inter�t. Borrower sl�lt dso be.in defiwlt 3t
<br /> Hormw�a,during the Mnn�pplication pr�ooess,gave mater�,�llty fAlso a`t�fii�ccurate infa�nnation or stMernents to L�i+er(or fidlad
<br /> to provide Lender with any material inforn�ation)in c�una��.i0n with tt�la�n evidenCx�d by the Nde, lnctuding,Mlt not limited
<br /> to. rep�cntat��sns conarning Borrower's occu�xncy bf-�e'Property�4:�.�lincipal residenoe. If ti►is Security Irohument is a);}1�
<br /> leasehold, Htfri�,wer shall oomply with a�t 2f.ir.':.�bviaitms of the lt�;...If Bomnwer aoquires ip�•tide to the Property>•Rhe;i;.
<br /> lasdwld and 4iws fee title si�all not merge iln7�s��i.snder,agtecs to the merger in wr�tin$. '; � ';
<br /> 7.Pe�ot�titioo ot I.e�de�"�'Ri�6b in tbe Property:?1r;Horruwer fails to performin zfia covet�nts end rgreema�ts containod ia' '
<br /> this Securiry Instcuu�ent, a ttl�e is a leg�l groceeding;tC�.�t �uY significantly affc6t L�nder's righta in the PropectY(sucfi�s a
<br /> proceeding i�Mu�kruptcy,probite. for oonciemnation or EiatPqltu�G cir,to 4nforoe laws or ngulationt),Ihen L.ender may�in�n¢
<br /> paY for whuCrv�r�is nec�ssary to protoct the value of the F�roqc�ay�,s�RV�'I�nder's rights in the Propecty. Le�du'a�ctions rnRy..
<br /> inelude �iva,�; ��ny sums socutsd by a lien which haA puiqrity dver•this Security Inatnima►t, rp�pa�ring in oouct. p�Yir��„
<br /> Ylnt�G���dolrieys'fecs ud entering on the Propeny Ym:�rt�xice repairs.Although Lender may take action utder tl�ia paragraph
<br /> ''T'�,!!,:e�akr does not have to do so. , .
<br /> • .•Any w��tqunts disbursed by L�nder under this pat�raph 7 shall bocome additio�ul debt of Borrower securod by this
<br /> Sa.vrity Tnvt�ta�tnt. Unless Borrower u►d La�der agrx to uther temis;u�ps�yment,these onwun�s slull beu inter�st from tho
<br /> date of dishigrsement �t the Nae rate anca shall be pa�rable, with�iaa��rest, upon no�icc from�nder to Boerower requesting
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<br /> 8. Mort�e Lnura�ix��f L.cnder cequiral mongn',,��W,fi�surarfoe as a condition�.i�fi'making the loan secured by this Savrity
<br /> Instrument, �mwer shull pay th� prcmiums roquirod'to mainfafn,4hq mortgage insunu�oe in effact. If, for�ny rauon, We
<br /> - mortgage insu�arnct rnverage required by Lender lapses or ceases ta Pa�+n eff.�ct, Borrower shall p�y the prcmiums roqu[rod t�
<br /> 0 obtain cover�ga substenti�lly oquivalent to the mortgage insurance�axiously in effoct,Al i 005�SYbSt111[I�IIy tQt11VQJCM t:l(E�1°�
<br /> � cost to Sornower of the mortgage inwrance previcwsly in effect. from an altemate mortgage insurer approvod by Le�i:Yi
<br /> • �Sutntu�tially equivalent mortgage insurenoe oove�ago is iavE available, Bocrow�er shall pay to Lender exh month a stim equal to
<br /> 3 6ne-twelflh of the yearly mortgage insumnce premium being paid by Horrower when the insurunc�oc�verage lapsed or aased to
<br /> �j be in effat.Lender will socxpt,use and crtain these payrnents u a lass c+cserve in liar of mortga�a insutgna. I.oss res�i!�:�
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<br /> i Foren 302t 9fl�Y/
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