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<br /> : 5.�Hatard or Property lnsurance.B�rrawec shAII kgep tDe improvements now esisting or hereaiter erect+od oa .
<br /> t `� the Property iasu�d against loss by Cre.ha�.ards ittcivde�dl.witlun the term "estendad co�erage'and anp other hazards,
<br /> � iACI�diAg floods or flonding.ior which Leeder n�quit$a inm�rance.This insurance sl�aall be maintaiaed in the amowets ...
<br /> . � and fd.the periods that Leader requirea.The i»surenc��costier providing the insareave shali be chosen by Barroerer .; - _
<br /> � subjest to Lender's approvsl cvhich shell noe be unr�e'asest�bF;�c�ithlietd.It Bonower faits to maista�a coverage dPSCn'bed � .
<br /> . . above.Lender may,at Lender's option.obtaia cavesa�a.ta�-protect Leader's rights ia the Property in accordance cvith �� � . ..
<br />. . . � patsgeaphl. t .::,.:.:�.� `: -_
<br /> . . � A11 insuran�poticies and reneaals shalF 6a�cc�tahtr:to Lender and aball inctudt a st�n�da�martgage clause. --
<br /> � � • Leuder shall have the right to&ald the pa2icies and naoRwals.Ii Lender requires. BarrovJee.st� Px�PU�S��e m ' ' �>i` �..� -
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<br /> . � Laeder all receipts of paid premiums ead-renewa!acariava.:l�a the eYeat of ta�,Borrower aball g��e grampt aatic8 to th� _ .
<br /> ; ' , ; insurance carriec aad Leuder.I.eader may eaake�r�aa!4P li;ss if not made pmmpsly by Bosraerer. ' .. ,
<br />� ��.:r,-°r_•�-��',. ; UWess Leader and Barrower otaerarise agree in..wri4iftg,in.surance pracerds shall be appli�d m r�taratiaa or re�r t=�.�:-_--�=__.��_._.
<br /> -`-�— -=,— , ot the Propertp datrnaged,if ttie sestaratian ar r�air iseav�tomicallY fe�sib2e aad I.ead..�s seceuitg is�o�ltss�aed.Ii the �
<br /> ' � t+estoratioa ar repair is aot eoonomical�q feasible or Len.d+f�s security woutd be t�ezted.the insurer,ae gtao�eds shall be .: �. '.;;.;
<br /> ` �� `� aPPliefl to the sums socured by this Securitp Iost�taxacs�;:�vhether nr not tBEn due.with any escesa paid m Borcovres.If "{:�'�.�r � :
<br /> � Borro�ves abandons the Property,or d�es not answ�c R'siti�ia 30 days a aotioe fmm Lead�that tbie iususeace camet bas � . ` .
<br /> oiPeted w settle a c2ai:n,then Lender mag eo}t�et t,5�a�1s�►ce pmceEds.I.erc�r r�aay use tlue,pracxeds to repait ar :r;;-.` . .
<br /> � . . reswre the Property or to gap sums secitt�ed-hg�tbia�Instrument,cvheth�o�.n�then due.'fhe 30-day percod�riU i: � .
<br /> . � ,.= bepn when the aotice is given. : ` _;:
<br /> , < >.- Unfess Leader and Horrower ottierwise a isx��v.s�ng.anY aPPliratinn of m gzin�cipa!shall n�ot extead or
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<br /> ' .. '<.. Postpoae the due date of tlis monttilY Pa9�aats raF�rc�to ia P�'88�Phs 1 aad 2 os cbas►ge ti�eernotmt of tt�e p3ytaeuss. � . �. �
<br /> ��%�� If under paragraph 21 the Propertg is aa�ir�ed:hg:ii�uder, Horrnwer's right to aqy ins�rao�ce po2icies asLd proceeds � � "ie ,_'-
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<br /> ' • •.. resuitiug from damage w tfle Property prior w-ttia�ea non sAall p�t�Leadc:s.to the eateat o$�tt�snms secw�d liy� �: {
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<br /> . . . �.x . tius�ecurity Instcumentia�snediatelg prio��o t�s a�on. �' ` '= .
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<br /> � ' 6 Occupancq,Freservation,l�tain3�eaa�zce e�&'rotectioa o i t he F ro�etty:BaYrow�t's Loan App2 icatioa; ��,.,5: _
<br /> Lesseholds.$arrower ehell occ�PY.cstablfslt.aard<�e the PiogeFty as Barra�rer's psiucipal s�ace vrithin sistq dags. =v F
<br /> . . `._1 after the esecution of this Security Ins�at atu�sball coati���o acctmp tt��toperty aa Bflrcowet''s priQCip�l i�. .�� �° -".�.-
<br /> `- residence for at least oae year after the d$te of occuganc9,unless L�d�ther�i�e agfees IA v�ritia�which consea3 shell; y,' ':` �'m'
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<br /> � _ aot 6e unreasonalsly witbJfeld,ar unless esteauat���cumstances e�vr2zic�sste�y-o�ud Bortowet's eoattol.B�ottowet� �4;,,�'`
<br /> ���,: •::.. s6all aot d�tcoy,;�amage or impair t3�s PR�ot��s;afliow tt�e Pmpertg to det�i�rate.ar-oomm'ti waste oa the Aroperty. t�`" `
<br /> ��t � ��.�t ti;;��. Borrower ehelt fse in default if any fcrf,�itucs aaauau�or pr�eeding,�ehet�er civil or crimiva�,is begun that ia Lep�d�s f' _�
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<br /> °�;.,f�, good faith�ud�ent could resulu in fcssfei�s�e a�.�Iie Properey or attierwise materiaUp.imAair,the tiea created by this t '
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<br /> Secirritq Instrument or I�der�s secur'ct�;intc�+�;Burrower mag c�Yr� svcb a defautt�aad'reiastat.,►as pravidEd'ue. �''' � `�.,.��;�:
<br /> .. .. . ..t 1�8�Ph IS b ca ti� acaan �c d°_ Eo be dismissed with a in�I:erLd�e's� oad�4aitti --
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<br /> ,� �.<,, '�. ' determination.precludes fasfeitme af tDe�a W�r`s iAt�rest in the Prope�tg c�othcr materia�impairmea3 o�,tDe tien� �-T---
<br /> f���._ � i�. cne�ted by this SecUrity L�struanentor Leadu�s eq��p=i�teres�.8orrower�H also be in defautt�4 F�nrower.duri�� ;*:._—
<br /> ` , the loaa applicatioa p�,gave:aa�riatly',�iiIGE 4T��acec�^�u�oxmation or,statements to l.euder.(o�faii�d:t�¢�. ,• ---
<br /> .;,;. ' ptovide I.ea�$c with aay utgterial ipfarnistimn�;ui coanectia�'.�ud�:�toan evideuced by ihe Nota.iur,luding,'6uC gr:�;:;- `„�,> -
<br /> � � ., ' . limited to,repr�mi"sejns:r.�ucerning Earrmacd'a occupancy c��t��.�;c��ettp as a grincipal residence.U�tTiis� ' �.
<br /> �{,�1�+e. * Iustsument ia aa a iea4,elaiil�ti,;A�bsmnrec ahatl ca�ly with all t�e��'a�s��'t1�1�If Brnrower.acqt�ires iee tiale� i'" �/���' P ._
<br /> �h;"!e.� . _ � the Pro p e r t y������e fe�title ebatl,qot merge unless�l�a��asrg th�mergec in writing.. . ',s, r `�f 4
<br /> '1:Y�3r�e#i�^...a of s Ri$�t?�uf-t�ha�r 9 roperty.If Borr�����g e r Yorm t�i�aovenants a u 0 a�t e e a p.a a�t.1 i ` ��ti,�G
<br /> �:�' o o a t a i a e d..�:.t�i i 3'•�e c u r i t Y I n s i t t t m e�z i;�d r t l i e�i s a l e�'p l pra�t��#..�3f�Ceatt q.atfeoL I.ender's ri g bLq i.a.31i� ' ' '
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<br /> , . . � P�ert3r�C�i�'is,�as a praceediug ia tisrilu�ip�zy. Ptobate. for��:�n�tion,�r,forPettt�se or�to en!oree 4aats..4ar
<br /> _ 1�� .. ,i..�'^�,..r3t,3tic�sl:�tS.�ea'i.eadee mag da and�Fag'�a�r n�tatever i:n��tb prateet t�veleie of the Prt�perty.aa�3���,`'#� x' —
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<br /> � • .,�;�i�in the Propertq. Lenr�e�''s acciQne mng�.inaiwde�Ying any sums s�ecured liy a lien which has ptiaxi4g•�avor��us . `�'
<br /> . .. ;,;,�. � �ci�uritq Inatrufnent,ap�a$in caart,.pagi,ng!�u^sble attorne!�'fees sad eatering on the Propertp.to��r.��a�.,� ��
<br /> ,.. �.-�,k Although Lea+der may ta�e acuna.tindcsr.tiue pe��aph 7,Lender cl�xs aot have w do so. ; r;r;., ` ` __
<br /> �,, Any amduats disbursrd�bg I.eadec und+ie tli�s paragaph 7�r i�ome additionat debt of Bonower secured i��;l.krs : � '': ----
<br /> . '.;�1��P'' Se�n�ity Iustrument Unlnss Son��vae and Leuder agree to ot*s�tasxm�s o!payment;these amounts shaU bear iarn�as ; �,.'i '.
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<br /> . �, f� from.tha dats of diebuir��no nL ttis hTiite tant and st�all be�paf�.�zcb.�,�rsL.upaa ttotice fro�t J.ender to Borr�����'� ��Y
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<br /> ,�ys;� . • ;;�;'�� •.,•. � 8.Mortgege Ineurait�:e:IR'L'�nd�'i�ined mortgage insuaur�s as.a oam2h¢�oa of maagiing the toau soc�m9d tsy.�a; . - ,.
<br /> � �,�`:; ' Security Iavtc.ars,ent,Bonocver shsill�l��tUe gremiums requir�d�ir�s�ta�n�e mortgage insur�nae in effect.Ii'.fa,s s�$r��� -
<br /> � �.�'�fi;,. reason.the aac�t�,age insurance cavt�pd,ratcuired bq I.ender Ya.�sr��r ceases to t�e ia eifect�Borrower shaiI&�t�,i�i�:�� � -
<br /> . ,��`, premiums t+equ�iced to obtain�cmve�ga soGstaatialty eqvivetent t�t�t�mort�age insuraace previo�ly ia eKect.sn�'�t�� _ � ' _ _
<br /> - � � � - - substantialiq equivaten�to�the cast 3ct��isr�wer ai the mortpge insuranco previously ia effect, �,.�aIternate ,� �.
<br /> ". - . _ mortgage insurer approved�b� I:�nd�ry;_If substaatially equivaleAt raortg,age insuraace ooverage #s sr�s avai la b la, f-�. :
<br /> � '•,A;:. Borrower sf.vtll paY m L'end�n+e���aionth�a eum equal to one-twelfth oi the yearlq mortgage iasurauce pi�:aiusn being.
<br /> .. � ;.,;p. paid by Baivnatver when�tho idtrurt�nae aavetage lapsed or ceased to be in eftect:Leadet wilf accept,vse and retaia t�e�..
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<br /> . ��s; ��." ments as g lass rasenre ia� l�au�a� inort �asuraace. Loss res�tve yments ma no To er ba ' �
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