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<br /> � � � S. Hazud or Propsrty Insuranu. Honower shwll keep the improvementa now eaisting or dere�fter erccted on tho �:'=�-
<br />`„��;,. ;:. property lasund aguinst losa by flce, Lazords lacludecl wlthin tt9e temi "eatended covera�e" ancl Any othet luwnLy,lnetuding�
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<br /> .. floods or flaodiug, for wbIch Lender requins lusurance.Th1a lasurxnce shail be m�intained in the unounte uxl for ti�ee period.9� �=�.
<br /> _�;;� . that Lender requlres.The insnraixx c�iier providing t�e lw°ucance shn11 be ettasen by Aorrc�wer subject to Le�xler'R Approvtl 1 �:`•'�
<br /> -=--:::�� whtcb slull not be unresson�bly wlthheld. If Borrower fiils to miinuin cuver��e described above. Leader mxy, at Lenclet'a "`
<br />`-. �..-� oadon. obtain covecaAe to protect Lender's ri hta in the Pro rty in AccordAnce wlth pu+►�r�ph 7. F1 '"�`
<br />—�'� All iasvrauce palicies aad rsaowxls ahaU be accept�bl�e to Lecwer�d sbuii i�x;iuua« etar,dar3�,:.rt�;a c:»,�:. i.ss�r M1 �'.
<br /> � ahwll have tUe tlght to hold the poltctes snd renewals.If Lender requires.Borrowet shwll promptly glve to Lender�Il recelpta of � �
<br /> ' " paid pre�uiums xud reuewal nodces.In the event ofr loss,Borrower ahall give prompt notice to the insurAnce carcler and I.ender. rT;=
<br /> Lender m�y make proof of lass if not made prompdy by Borrower. '� ts--
<br />�'.� ����, Unless I.encler and Aonower othenvIse ag�ia wrldnE.lnsurance Pcoceeds sha11 b°Appued�°restontioa or repAir of the 0 -._-
<br />-`�#�;�:.'� property damaged,if the reswration or repair is economic,�lly feasible And Lencler's securlry is not lessened.If the restoradon or °
<br />-.. � cepair is not eoonomicsUy feasible or Lender's sxurlty would be lessened.the insurance proceeds sheU be Appl�ed to che suros _
<br /> -�, .::r.7. secured by thls Securlty Iastzuinent, whether or not then dua� wIth any excess paid to Borrower. If Borrower abindons the
<br />�-''".�":•- pmperty,or does not angwer wlthin 30 days s nodce fcom I.ender ttu�t the lnsanace cAnier l�as offend W fisttle a cl�, then
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<br /> •.' - Lender msy coUect the insuraace pmceeds. I.ender mAy us� clie procads to npaic or restore the Property or W p�Y sums —
<br /> . .�`• :;. securecl by this Sxuriry Insmiment�whether or not then due.11he 30-day period will begiu vvLen the norics is glven. �
<br />.':��y�;�`�; Unless Lender aad Borrower othenvLse agcee ia wridnS. �Y aPP���oa of proceeds to principxl slutll not extend or
<br /> ''"`"� postpone the ctue date of the montWy payments referred to in paragraphs 1 and 2 or ch�nge the Amount of the pxyments. If under _
<br /> �:��I i'' P�8h►Ph 21 the Property is acqnired by Lender, Borrower's rlght to swy insurance pollcies nnd praceals r�vldng from
<br /> f.,�.
<br /> ;:;:.f damage to the Properry prlar W the acquisiHon shaU pass co Lender to the extent of the svms securcd by this Secarity Instmment
<br /> .,::�1. ' ianmali�tclY Prlor to the acquisidon.
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<br />�-�i,�- 6. Occupancy.Pre�er�ation�Maintaiance and Protedion of the Pcopatyi Borrowa's Loan AppUcatton;La�seholds.
<br /> Borrower shaU occnPY�establish.and use the Pmperty As Borrower's pr�ncipal residence wlthin sixty daya tfter the e�cecudoa of
<br /> .r3i���% tl�s Secvrity Inst�umeat swd stwll condaue to occvpy the Property as Borrower's principal resldence for at least one year ARer
<br /> , x ` the dnte of accupancY,unless I.ender otherwise ng�ras in wridng,wl�ch coasent shall mt be unreasonably wIthheld� or udess
<br />_r::':�r,. exteauadag ctrcumstances exist which are beyond Horrower's wntrol. Borrawer stu�U not destroy. d�mage or impt{c the
<br /> •:����� �, Prop�rtY, allow the Praperty to deterlornu, or commit waste ott iiic Fic►�caa�.�rra�r s2�:1!� x..efsult if any �*f!�inn,_r.
<br /> ,="' �cdoa or pmcadin8,whether civll or crlminal.is begon that in Lender's good faith jurlgmeat could resalt in forfetture of the
<br /> `�� Pro p e r t y or otherwLse maurIaUy imPair the lien created by this Securlty Iastr�ment or Lender's sxurlry inunst.Bomower mty
<br /> '`�;� aue such a default and nlnstate.as pmvlded Ia P�S�Ph 18,bY cAUSiaB tLe acdon or procadinB to be dlsmissed wltb a sulin8
<br /> _--- thit. in Lrender's goal fAith determiaAdon, Preclndes focfeiture of the Borrower's interest Ia tlu Property or other matedal
<br /> ---= impai:ment of the lien creaud by this Secucity Instiumeat or Lender's sxudty interesG Borrower sbaU Also be in default if
<br /> ---- Borrower. durin8 tLe lout appllcadon process�Bava materlally false or inxc�urAte informadoa or staumenq W Lender(or fiUed.
<br /> --- ' to provlde L.ender wlth tny matr�ial infocmadoa)ia connecdon wIth the loaa evlde�ed by the Noce,incl�din8�but aot 1lmitod
<br /> to,representadon9 co�emin8 Borrower's occupuncy of the Property as a princlpal residence.If this SecurIty Iast�ument is on a _
<br /> ---— le�seliold. Borrower shxll comply wlth sll the prwIsions of the lense. If Borrower �cquices fee dfle to the Property. the
<br /> • lease2wld a�i the fee dtle sLAll not m.erge ualess Lender ugras to the merger in writing.
<br /> 7.Prutedion o[La�da�'�Rlfhte tn the Propaty.If Borrower fails w pecfoim the covenAnts wl ag�eements conhiral in
<br /> thia Sccurity Iasccument�or then is a legal yroceeding tl�aat may sfgnificantly affat I.ender's rIghts in tte Property(such ss•
<br /> pmoeedlag in b�nlQUptcy,pmbate,for condGmnadon or forfeitun or to enforce Iaws or regulAdons),thea 1-ender m�►y do�nd
<br /> � paY for whataver is ne�csacy to protat the value of the Prope�rty and Lender's rlghts in she Property.Lcnder's�ctionv msy
<br /> inclwde paylug aay sums secured by A lien which Las priorlty over this Saurlty Iasts�ument. APPeuinB ia court. PaY�B
<br /> ----- re�somble attorucys'f�s au�d cntc�i�ou t�e Proparty to maks n;p,qirs. Alths�ugh Le�1er�mny t�k��ction under this pa:agnph
<br /> m'� . 9,Le�er daes�t have to do so.
<br /> Aay Amounts disbunoed by I.ender under thia pacstgcaph 7 stu�ll beeome uWitionn! debt of Bonower saured by this
<br /> Se�u:iry Inst�ument. Unless Boirower nnd Lender agree to other terms of payment,thsse amounts shsll bear incerest from the
<br /> dxu of disbursement at tha Note rate and s�bxll be payable. with interest, upon mdce from L.e�ler to Botrower requesdng
<br /> _ PaYmea�
<br /> a.Mort�a�e Ins►uanoe•1f 1.ender requited mortgage insuiance as a condidon of waldng the law saured by this Securlty
<br /> ----- Instivment, Borrower sball pay the pnmiums raluiml to maintain the mortgage insvrauce in effect. If, for nny reason,the
<br /> ,;��5'�';;;�;� moctg�ge inturance coverage required by L,wder L�pses or ceases to be in ef�xt. Borrower shaU pry the premiums t�eyuired to
<br /> _°:==��si�1■ obtainoovernge substWislly equivalent to the mortgage insuraire pnviously in effect,at a cose substundally equivalent to the
<br /> ��:��s_� cost to Bormwer of the mortgage imvranco previously in effect, from an altecnaoe mortgage iati�urer appmved by Lender. If
<br />,o;�:���::-�"��''� subsLntiaUy equivalent martgage ia�uance coverage is not availab3e.Borrower sLall pay to Lendex eacta month a svm equal to
<br />==''�s"w��� one-twelAh of the yearly mortgage intivrance premium bein8 Paid by Borrower when the ingurance covemge l�psed or ceased to
<br /> .,..�,,
<br /> ^�'�:}•;•� be ia effect.I.�nder wlll accept.use and retain these payments as a loss resenre in lieu of martgage insuravice. Loss resenre
<br />-"4';.,;tr. _
<br />--,.�._.:.,,. Form 302 Y __
<br /> '� `�{ � ��bR1NE1�tZtal.ot r,o.o ef e waa�.�
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