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<br /> � � `°' S. Hsa�rd tnr Psop,ert} I�s�aa'eace Botrower shall kcep the improvements aow existing o c ecectsd oa the _
<br />_. •_' • _'� P�ogerty ins�naed a�ainsc Ioss By fire.t�azanis i�stlude��ritkin the te�m"extended mve�e"and any oti�r 8azasds_ inctu�g --
<br /> ` - - �f`. . t'[oud�oc floadin�_for vrhirh F�tder mq�ain�insumnce.'1'ttis insursnce sRalf be rtraintaine�i in the amounts:�nd far dne gerinds
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<br /> ' <:,s";'' . ttwt L,e�►der seq�uces.Tkr imsuraace cazrier pcovidibg the insur�ce shali trc chasen by Bormwes subject to.l.eta�K's�rovat
<br /> � �, . '�;,,.,; •. which shal! rwt Ete unmasunnbly withhetd. (t Bormwer faits to muimairr cavcra�c described above. Ixndcr may.at[�ad+:r.'s ,.;, '
<br /> • - optian.Qbtaen mveflge to protect lxndcr s rights in the Progcrty en uc��ordunce�vith Dara�'aPh 7. :L ,
<br /> . .x•j AlE insurance poli�ies:tnd renewafs st�all be uc��table ta Len�er accd �hnl! iaclude a standard martgage�Wu.SC. i.endet �� '°
<br /> � " :,�.r::� shatl t�ave tue dght to hofd che Qoticics and rettcwals, if Y.ender rcquit+es.S�rrower shuiF pmmpciY�ive to i.end�rr uli nreipts of j�'�:
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<br /> ,. .:,,T;•�:'' paia pre,niumsandrenewai fwuces.[n che zver�of tass.Borcawrr shull give pmmpt notice to thc insw�tce cntricrand Lender.
<br /> � � '� " Ixncier may make proof of loss if nat made pmmpdy by Bosrow�r.
<br /> --- --� "�r'- Untess i.ender and Borrower athenvise agree in wridng,iasurancc proceeds sha11 be s+pF6ed ta restotation ar�pair of the ,
<br /> '•--�='.-`.�� gcope�rey damagedr.if thc cestomtion or t+epair is emnumiccsiiy teas�ie:�id Lender's sewrity is nmt i��seaed.!f ttte�e.ctor.uiori Qr ;=..----
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<br />• *." ` • • :�� repair is nar econc�mically feasibte or Lender s saurity would be lessened.the insv�ance proceedb sh�l be applied to dte sums
<br />. • ,•�4.41•.,���.���Y.�' S rYl��'�',-this Security Insm�ment, wh�ther ar not then due. with amy excess paid to Borrower. If Borratver ahandans the }.. .
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<br /> � �. ;�.����g s� , . Praperry,or dacs.aat answei'whhin 30 dttys a notice from Lender that tt�a insur,�nce carrler has affcned to settte a clmm.then �. •.
<br />_ -- - -'-'��,,;a L$nder may coltect the is�.wrance pmceeds.L,ender may use the p�ds to iepair ar resture the Property m to pay,suma �,. r
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<br /> � � ;�,;� secured b y this Secatit3 instrumen�wh�iher or not thert due.The 30�duy periud wi116egin tivhen t he an i ice is given. .,.
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<br /> - � - Unless Leilder and Som►��cr•otherwise apee in writing, anY aPAticatton of pmceads w principat sha11'aot extend'or L�,�.
<br /> • , Postpone th�diict date of the momhty PFrymems�efened to in p�ragraphs 1 and 2 or change the amount of tlte payments. If ..
<br /> : �.•f:,.:°�... • under par�grupli 2i�he Property is a�{uired by Lender.Burrawer's right to auy iasorance policies and pmceeAs rcuilt�ng fram .
<br /> .. : .. damage to tHe Property prior to the aoquis.ittan shall pass w Lender to the eaten[af the sums secured by dus Security.In�troiueut
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<br /> . - iudnedi�tely prior to the acquisitinn. •
<br /> . , •6.iJa�+atien�7►,PaPServattou,l�'Winieaaace�ued Protection of the Propaiy:Bo;roaee's I.oan Appll�atfhni Leaseholds. .
<br /> �,-��`,. .. ' - Bur►mret shalt aceupy.establtsh.an:l use the Property as Eommr�cr's priacipal residence within sixty days aRer ti�e exeGUioa af
<br /> • ' ''�:�., this Secsirit� instrum..°nt and shall comimne to oaupy the Property.as 8amnaer's princig�l resicles�oe for�at least one year after
<br /> - .:.'Jr'�,;'�4 a.:: �•ttis date of-ocapancy.ani�ss Len3er othenvise agrees ia�a�iting:a�tich oonseat s6ali not be umeasona6ly withheid,.nr.u�iess �:�°
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<br /> '"` � . 'extenuating cin�nutan'.�•vxist whish an beyond Bmm�t�r's oo�ral. Borroaer sha11 not de.suoy. darmgt or impair•ttte •�
<br /> -"-"srt�•: . +- .�.:�° , • Pmperty.c�lo�v tl�o Pro'p.rty to deteriorate.or carnmit�Kaste on the Property. Bormwer st�all 6e in defmlt�if any forfeiture , '.:
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<br /> r °�' :t. actian ar pt�i�fing. whether civil ar criminal.is brgun that in��si s gaod faith judgnem could result in forfeiture.of the
<br /> _ �F Property ar_aiherwise materially impair the liea created by t6is Sn.��u Inswment or I�ender's s0cwity interest.Borrower may
<br /> ''. cure such a defasilt and reinstate.as provided in pasa�raraph 1$.t�" ' `'�the adion or prooeeQing to be dismissed witb a raling -
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<br /> .. . `F. ;f;.�t, in Lender s good faith detemiination.preclad�,�fotfeitwe��e Borrower s interest in the Prc�perty or other material � �.
<br /> , • � ,;;� � um�arrmeqt of the liea created by this Se,curity Instn:tisaeat or�Lefl�er's sewrity interest. Borrowet shall also 6e in•defauIt if. � �
<br /> ' - i;�.` .;'$te�row�;�'�urCng the toan applicxtion QFOr�ss.gave 4nateri�lt}6.,!�a�inaccurate infom�ation os statemems to Leader(or failed
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<br /> . :.�r �,• '• ` ,t4 p;nv�`$e`�.�i.r{rith aay material inT�:uii�tttion)in•ronnoe6ois�,�;�ioan evidenced by the Note.including.but Yto:t3ta,i�ad
<br /> ! ,. �.;:•, io.reprcn.n?t►dSfyscanceming Borraw�er:�'accupancy+of the Pro��,a principal residence.�this Security InstrumeaG jr�#
<br />--- _ • :�,:;t2�sehoId: ��rqwer sfillti•;compty with_ all the provision's oS tf�z l�e...'Tf Barrqwe; aoquires fee title to th� Ptoperty';'�'�7ne
<br /> ' ,.;':���iseboid�i�'di�.�ee ti:Tq.�al!not merge u�ilessLetyd2�: ees tos'a�r�r�'ec�,�'��.� , �
<br /> '�'r ;,:; , . • 7.Pi+di�mn o��.end��s Rigtits tm tGe fl'm �H'osrc� �.�io �.fi:ne cove�ts and a eerre:ats rontait�ed in e -
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<br /> � ' this Sec �lr5trument;or there is a lega!procceding tti�[�iszaJ! .�.�;r��ki�net}r affect l.ender"���'r��,its irr the Property.(suc4�as a ��':
<br /> ' � � � , `�I •proceedina g in banlwptcy.pmbate, for cendemnation or forfeitws:!:�^t�enforoe taws or regurt�i�zs),then•Lett�er maY do and ��''
<br /> . pay for ahatever is necessary to protect the value of the Propecty.�and l.ender's rights in the Property. Lendet's actions maY • �,,,rys+��
<br /> ' include paying rany sums secared by a lien whi�tr.f�s priority over this Securiry Instrumem. appearing id�aaart. paying
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<br /> � reasonabte attonteys' fecs and entering on the�iopertv to ma�ce reQairs.Althou�Lender may take action ander this paragraph • `'lt �
<br /> -. . •:',::.:!` 7,Lender does rtot have to do so. , �'`
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<br /> •'�;�,:,�. ��.. 'Aay amouarts disbursed by l.ende� under t�i�y;�ragraph 7 shall become additional debi of Borrov�et•secumd 0y this �!rs
<br /> •'� '"•;;:': Secarity lnsuum�nt: Un�s Borrower amd I.end:r a�,to other tem�s of payment,these amounts shall bear ioterest from the ;5.;,��_-
<br /> " i'. ' date.of disbaraemeae�at(�¢R���iote rate and shatlibe.��b4e. with interest, upc�n notice fr�m Leader W.�ower req�e�sting , � :
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<br /> � ' • $.M�ratgage Ins�rance.If Lxnder required mort e insurance as a condit�n of maki,�)7Y,��oan secure�by this Security �"
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<br />- .- .� . ��.•,.�.- Instnunent. Horrawer shall�PaY the premiums required to maintain the mortgage•insurance Ia��'lect. if. for aay reason, the .
<br /> — itcortgage insurance�nverage required by Lea+der lapses or ceases to be in effect. Bomower shall pay the premiums required to �'�
<br />__; .;.�, `. Y obtain coverage substantially equivalent to tt�e mo:s��e ir.surance previously in effect.at a oost substantiaPJ�.equivalent to the � , IE :`
<br />"__- • �� ' cost to Boreower of the mortgage insurance prPric�cr�u in effect,fmm an altcrnate mortgage incurer ap��a�d by I.ender. If
<br /> _ . .� .''�:,.;t�*; .� . su6stanf��.l�;:a{uivalent mortgage insurance cisverage is not avaiIable.Borrower shall pay to Lender each n:'ott`�ii a suro equal to
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<br /> • •..,..�� ��s,`.: one-twelftfi�o�Pthe yearly rrtortgnge insurancc premium being paid by Borrower when the insurance coverage lapsed oa ,�,�to �
<br /> . h'���' be in effect. l,ender will accept.use and retain these payments as a loss reserve in tieu of mGZtgage insurance. i.oss=��rve -
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