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<br /> , 3.li�irard or Propecty Ina�urence. 8orrower slull kxp the improvemnMa now existing a�r ht�aaftcx eroctod on 1ho Prapeny
<br /> ° ,�� ��e�ainst bss by iico,hazards includal within tho tc�rn "cxtcr�dcd covcm�P" nn�l n�+y other h9uards, inc:luding Qoods or ,;�
<br /> "''�� flooding,for which Lendu coquirca insurence. 7his insurwice shAtl bo msin�ninod in t1r..a�m�unts s►�d for tha perloda t�wt L�endu �-•
<br /> �,,,rww'� rec�uiNes.Tho insucnnce caaier P►oviding the insu�ar�cc shill be choscn by Barrowcr subject ta I.cndtx's�pprovai whkh shail not ��,
<br /> ,r-..'- be unrasonably withheld. If Bormwu fails to m�Intaln covera8° descn►x:d ab°ve. l.scw4tr' mAy, at Lendu's aption, obtain
<br /> - " covuage to prou�ct Lender's righta in the Properey in�ccordance with paragmPh 7. �:
<br /> All ins�e polkies end renew�ls shall be�cce�tabk to l.enckr and ahiell include a atza�da+rd martgago cl�wse.Lender sha11 _
<br /> have Phe right tn hoZd the policirs and renewatt.If Lender nxluires.Horroa�er shall pr�m}�l�y giva to Lcndu all receipts of paid _
<br /> ,;,. pn�niums and renewal notkxs.In the event of bss. Borrowu�hall give prompt notice to the i.nsurnnao ca�iel end I.e�.��
<br /> "`', may melce proof of bs�if not m�de PromPdY by Botrowu.
<br />.. Unkss I,en�kx and Barowa od►erwlu agix in wridng�insurance Pmcc�c�ds shall ir,apFlied w restoration or repa'v of Ih�
<br /> a oa
<br /> ,.„i�:. Prcperty damABed,if the ttstoration a npair it ocaiornlcallY feas�bb and Lender's sc�e�rin' is nat lossa�ed.If the resuxation ar _-.
<br /> _ . repair�a not econom�Ca11Y feas�bk cx Lender's socurity would bo iessene�d,the insurnncc Pxacoods stuill be nppGod w the sums -
<br /> _�.'� socured by thic Seciuityr Instrument, whetha a not tt�ca► due. with an�r wccess p�id to Bu7roHVS. If Socrowu�bujdo�s the
<br /> y.^� . propaiy�or doas not enswa within 30 days a� from Lendu thAt �e insurwx�e ca�ries ha�affere;i io settk n cWm.then �
<br /> �'-' Leader may colloct the insurance Pmcoeds.I�►dx miy use the procoods to rcair or ra4wns dia Pro�ty or w paY sums 9ecured
<br /> • by this Socurity insau„�+,i,wiiei;�r or not then due.71KS 30-day lx.riod widl begln wt►es►tt►e n�ntia i�givai.
<br />.-.:`�_::, ; in wridng.anY aPPlication of pracoods u�prirx3p�1 shpll not exterid or postpoae �,:.,
<br /> Unkss Lender aad Barowu Whawise�,groe ts.U tu�du puagr�ph
<br /> tha due date of tl�e monthlY PaYments�efixrod a in paragraPhs 1 end 2 ar chenge thc aumnunt of the paYeaen
<br /> _ .� � 21 the Propaty is�equired by Lenda.Baro+xtr's right to any insucane�policies eintll p-TOCrcads resuldng from dama8e to the
<br /> �.-:, . p�Y�������11 p a s s to Len�fu to tho eatent of tha sums sccucad by itds Sa�uriry Insaument imrt►ed�atetY
<br /> L • � prlor to the ac4uisition. Bu�rar's Lu�n Applkatbni l.�aseholda.
<br />`"��'}'�- 6.Occopsecy.Preservition�Maintenana tnd Pn�tectlon of t6e('roperq. 1 ase
<br /> ����_=�`•�� Bo�rowa sb�ll oxupy�establish,and use the Propaty ag Botrowu s pclticipal t�ssiden�wilhln sixty days afta the exocutian of
<br /> -�:;,;� this Securitv Incnument and shall continue to acupy the PmputY a�Bunow�u's princ3p�l ms'salrnrnaa for et least one year eft,a the
<br />._:��_��a� d�te of occupancy. unless Lender othawise � in wriang, wt,ich cvn��t sY.�i rat � un.-c_.onr.4�1; ,�,}�,t���f; �r �mless .
<br /> . , . a or impair the PcoPa'tY.
<br />:��: axtenwting circ�LUxes exist which are bayond Borrower s control.BCxrowu sh�U�ri das�oy d�8
<br /> Allow the Pmpaty to ddaiorate. or commit waste on the PropatY. Harower slus9l be in dcfnult if any fafeiauG action or
<br />- _�,..�°�, whetlKr civil a crlminal,is begun ihat in Lenda's good faith judgrc�a�t cvuJ�m�lt in forfeipue of the Property or
<br /> ot�gnataWly impair tha lien creatod by this Security Instn:t!x�i or L.enekr's socurlq�,inteaast.Bomnwa may cure snct�a
<br />— __— , defauit aad reinsta�e�as provided in puagraph 18,by causi��g the ac�ion or procxdin8 u�be dismissed with a ruling that,in
<br />-- — L,erider'a good faith ddaminatioo.Precludes fafeiwm of the BarnwCr's inuxest in tt�t�PaoXsacY or other muerial impainnent of
<br />_ dx lia�creued by tbis Security Instruma►t or Lenda's sxurity intars� Bamwea slen'�a�1go be in defsult if Bomovv�.during the
<br />� ---. loa�►applics�on proass,Save m�tllY felse a in�cc�unte infamation a staunxai�nc�Glcadet(ar faikd w provide I.ender with
<br /> --- any materlel infarmation) in connection with tht loan evidenced by the Nota. 3r�:3�xiing, but twt limitod W, re�r�.va►tations
<br /> coaoaning Barowa's occupancY of the Pro'PutY a�B P�►nci�al res�dance.If th�s 5�xwity Tsistrument u on a leagetwld.Borrower
<br /> s�ll c.anply with aii the provisions of the kase.If Borrower acquires feo dde to the Pcop�tY,tho kasehold and the foe dde shall
<br /> not marge tu�laa Lender�gcees to the maga�n wridng. ts containod in
<br /> 7.Protectb�ot Lender'e RiEYts b the Property. If Bocrowu fails ta perfaam tl�e a�vaumu and agroemen
<br /> tws Sec�uity Instcuma��a thae is a kgal proceed�nB ttwt maY si�nificandy a�foct I.c�1'ler's righu�n the Propaty(such a�a a
<br /> pr�oo�ing i�n banlwpt,cy�pc�i�te�fa condemwttion or fodeiWre or t,o enforca laws or ro�al�tiocu).thrai L.e�der may do anil P�Y
<br /> _ fa whatava is nooessarY a Protect tho valueof the PioputY e�i U;nd�s's rights in ttr groperty.L.ende�r'e actions may include
<br /> --- pyi�g any suma �ecared by a lira which hu �cy over this Socurity Insvu�n�t, ap�in8 in court. 1�Y�8 �b
<br /> -- at�o�aoYs' fees md ent�aing on the Pfropaty w md�e renaite. Although Ler�da may t�icr actton undtr this paragnph 7.Lendcr
<br /> does tat t�ave 10 do so.
<br />- --_ ,qny amonnts disbursed by Le,ndcr under�his p�ragcaph 7 shall twc.omc additional4emt of Horrowcr socund by this Security
<br /> In.gltumenG Unkss Bamwer ond L�der agroe to otha uims of�suuymcnt,ihesc�onts shall be�r intacst fruin tha dste of
<br /> - -� d�sburxment at the Note rate and shall be psyable,with intcresb upon nouce from Lc�1w�to Bnrrqwa requestin8 Paymu►�
<br /> -r�B�� 8.Mort�a�e Insuraace. If Lenda ro4u�ed mo�BaBe insuranco es a condition af n�aidng the lc�en socured by this Socurity
<br /> '-"::�� Instxvment, Barowa sheU pay the pnxaiums raluirod to mei�tain thc matg,ago uuistance in effx� If. for any rea�on� Ihe
<br />_:_,.�,;.�n ° mortgago insorance covaage requicod by I.�s IaPses or ccases ro be in effect,Barmwer shall pay the premiums required to
<br /> �����4"��"• ob�in coverage subatantielly equiva1ent to N►e mortBaBa msarencc previously in effoct,at a cost substentially eq�.ivaknt to the
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<br /> _�-,:,�:�,,�: cost w Barrowa of the mat�aSe insurance previously in cffoct, fmm an alternwe r�aztgago insura approved by Len . I
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<br /> = �€>,;;..• substantially equivaknt mat8a8e Insurance cover�ge is na availabla. �orrower sF�l�pr,�to I.enda exh month a sum equal to
<br /> .ryT�;�-"�:':?�• one-twelfth of the yeuly moRgage insurance Pcrmium bcing paid by Harower whe�ttr�uu�rance covaage lapsod or ceased to
<br /> :`�','�'.::;�, be in effect. Lcnda wW aceqK, use and reuin these paYroents as a loss reserve in li2es of mortgage insarance. Loss resuve
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