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<br /> 98� ios4,51
<br /> S. H�xard or !'roperty innurAnce. Barrower sl�all keep the improvements now existing or hereafter ercctod un the
<br /> Prope�y fnsurai ogafnst loss by fire, hazards includal within Ihe term "extencied coverage" and any other huzards, i�uluding
<br /> floods ar flcxxiing, f�r w•hich L.�ndcr rcquires insuranca This insurancc shall be maintaincd in thc amounts uncl for the periods
<br /> ihat l.ender rryuirts, "The insurance carrier providing the insuruna yl�all lx;chusen Uy I3orruwtr subject ta l.ender's apprnval
<br /> whlch shall not be uoreasonebly withheld. If Borrower fails to maintain coversge deccribai nbove, I..eixler m�y, at I.ender's
<br /> option,abtain caverage to protect Lender's rights in the Property in acenrdance with pari��rnph 7.
<br /> All i►uurance policies and rene+vals shall be acceptable to Lender ancl shull include n standard nwn�age clause. Lender
<br /> siiall hsve thc right to hold the�Ucies and renewals. If Lcndcr requires,Borrower shatf �romptly givc to Lcndcr att r�ceipts af
<br /> paid premiums and renewal notices. In the cvcnt of loss,f3onower shull givc�r.c>mpr.noiice to the inso.r.�i�ce car.r.ier.aiu�1:.e�Mf.er.
<br /> Lencicr mny tnnkc prcx�f of loss if not madc prompdy by Aormwer.
<br /> Unless l.ender nnd Barmwer otherwlse ns�e 1n writing,insuranee proceeds s[�ad4 t�appliecl to restoratioee o�repaje n�ff ery�v
<br /> Pro}�erty damaged,if the restor.atinrt or repair is ecmiomically feasible nnd LencEer.'s sxiaanty is nat Iessettal. I6 the r�er•,�to�sairon c�r
<br /> rcpai.r is not ceonomically feasi.b[e or. i..erxter':�security would t�lessenece,the insuraiice proceeds shail be appliad t��chr sia�n� .
<br /> secured by �his S+�curzey a�ueaun�enc, wheche� or. not then due, with nny exoess paid rn }brrower. [6 Borrower alo�m�lons ah�
<br /> Properr.y,or does not aaswer wi.ahiu 30 days a r,rotice from I.ender that tfae irtsi�rpiur;carricr has offerod ro setNe a claim, tfyim
<br /> te�der 4nay colEeca the insuca►.ace proceecls. I.ender may use tt�e proceects to rapair or.n:store the Yroperiy or to pay sums•
<br /> secured by this Security Instevretc:�'c.,whether or not then due.The 30-day period wr@�hegin when the notice is giveq.
<br /> Unless Lender sncf �orrd�r�2�� .�therwise agroe in writing. eny applicat�u� 05 pro�etds to pritscipal shall not.�xtend or
<br /> pos!y►one ihe due date of llic itxi�a���:y paynients referud to in paragraphs 9 nn�? nr�c3�:U�ge the aa5��x�nt of the paqments. (f .• .
<br /> � under paragrnph 21 the Property is acquired by Lender,Borrower's right q�o an��irisnrat�et policies'ac:•Ci�pri�cetds resulting from� •
<br /> damace to the Property prior t�a the a:.quisition shall pass to J.ender to the oxceot nf i'h�slims secured��y �his Secutitydnstrument
<br /> immodiuely prior w�he acquisitimn. •�.
<br /> 6.pawp�ncy�[h�eserv�tion,Mx(ntenwnce pnd Protectlon ot the Pr�►perty;���rr���►er's I.oan Appl[cption;�Ixp.selwlds.
<br /> Borrower shall occupy,establish,and use the Property as Borrower's prin�ipal residdn►'c�wltl�in sixty days after the ezecu!ion of. '��• .
<br /> this Security in3trument and shall continue to occupy the Property as Bc►rsower's principal residance ff�rr at least one yoar after
<br /> the dute of occupeu�cy,unlcss L.ender otherwise agrees in writing,which consent shall not be unreu��:nahly withhelc4t or unless �
<br /> � oatenuating circumsances exist which are beyond Borrower's co�trol. Borrower 9t�r�11 tsot dasiroy.:clurnnge.��z �mpair the
<br /> r Property, allow the Property to deteriarate, or rnmmit waste on tne Nroperty. isorm>uer sfiaii �c�tu;uv.t�+�ii•i�i.�u,y �i;�tciiu�t
<br /> action or procoeding, whether ctvil or crlmir�l,is begun that in Lender's good faith ju�J�ment couii�l resul�9t� �orieiiuro of the
<br /> Property or otherwise materialfy impalr thc��;n cttated by this Saurity Instrumeat or I.e�xler's sa�ltis�in'tetr��.!�or;uwer n�sy
<br /> ' cure such a default aod reinstate:as provided$r�paragrapM 1�;b�r causing tt�e action or�roceeding to bodismissed a�3ih a ruling
<br /> that; in Lend�r's good faith ab�c^�trrtqiination, precludcs far'f:it�vr�e of the Borrower's iniattst in the Pebpeny or i��i�nc.r�naterial
<br /> impttirnxnt of the lirn crcatocl��by this Security Instrumenf or Lendsr's seCUriry interz:,A.[3orrower sh�ll also Ix;%;�n cLCault if
<br /> Borrower,during the loan�pplication proccss,gxve matcrially false�r inqr,eurate infonnation or statemrnts to I.enrla•(or failod
<br /> to provide Lender with any material informatiun)in connection with the Qc�r,evidencod by the Note, including,but not limited
<br /> to,npresentationc concerning Borrower's oocupancy of the Propedy as a�+rincipal residence. If this Security Instcument is on a
<br /> leasehold, Borrower shall cuznq�y with all the provisions of the lcase. lf Borrower s�cquires fa title to the Property. the
<br /> leaschold at►c�the fa tide shal�"�NU:'merge unless l.ender agroes to the merger in writing.
<br /> - 7.Protection ot Lenda�'s'Ris6te ia the Froperty.If&►mowec f�ils 4q�erform thc wvctwus�nd�groemer►ts oonuined in
<br /> this Security Instrument, or there is a legal��i�:coding that.may signlG�a�rc��a� affect I.ender's rights in the Pnopeny (such aq a
<br /> ; prcKOedin�in b�nk�uptcy,probate. for con�9vn�,:�ction or fodeiturc or t�.rnf�rce laws ur regutations), then Lerder may do u�d
<br /> pay for wlwever'�s�ocessAry'�rt��tect the vaiue of the Ptc?ptny and'i:�lder's rights in ttro I'roperty. L.ender's xtions may
<br /> in��ude payfng any sutns s�s;nare� �by �t lien which his priar�ty over this Security Instn�ment. apparing in coun, piying
<br /> reasomblo attnrneys'•;fc�s,tuac�:�n�ering on the Pn�perty to m�ke rcpairs..Although Lendcr may take�ction un�ie�this paragraph
<br /> 7.L.enderdoes nrR�mavz',Y��dd`sa,
<br /> Any iunou►��.s clist�tit+.�ed by Lender undcr this paragraph 7 stwl! '�v�ec�r�e additionol debt of Horcower secura! by this
<br /> - Sec��,c'siY 1►�N��.'����,'�TOw�r and Lsnder agree to ottrtir�ermc o7'payment.Ihtse amounts stull bear interest from the
<br /> d;�;�L�o�disburs�me�t zt fiit�:}���.�r�: rate and shall be p�yable, with interest, upon no;�at�z from I.Gnder to Borrower rcquesting
<br /> payment. ;, . . .•.�� �
<br /> - S.M�xt�r A�rat�ce:tf I.ender roquirod►nactgage insurance�s a cqndition of ronlcinql0n��,a��,�i securod by this Security
<br /> :�� " Insaument, dai�ar:�,�:r,r'�hall pay the premiuc►u required to maintein chr'c,wrtgaSe insurance ia�ef���i.If. for any reason. d�e
<br /> motigage insut�f�c,�rbWerage required by Lendtr lapses or cexr'.�s to be i,a�effoct, Borrower shell psy �tho premiurtu requircd to
<br /> - obta'u�coverzge substanti�lly 5yuivalent to the mortgage insar,uxx prcviously in effoct. W a cost subst�ntially oquivalent to the
<br /> co�i�¢e�Boc►bv✓tr uti the mortgage insurance previously irt,effcn, �mm an altemnce mongage insurer�pproved by Lender. If
<br /> sabstpntially om.{i,�t:e,3wnt inortgage insurance coverage is na�v�iloh�e,B+�r���rover shell pay to Lender eacf�month a sum eqwl�.a
<br /> one•twelflh af utae•_+.�e�,rly mortgaBe insurance premium bein6 p�id bs+BAr,r�nsvt:r when the Insurarne coverage lapssd or cxsso�tcn
<br /> ;� . .Q+ee,n.�'effe�ct.I.qtt('�:r will acapt.use nnd retain tlxsc payment4 as t I:ass rr�;rve in E� of monp�e insutu�ce. L.oss rese�m
<br /> � �+• fam 302e 9IA0
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