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<br /> - S. Hazard or Pcoperty Insuraaco. Borrower shall keep the Improvemencs aow existias � reaftcr erected on the
<br /> "�"� Fraperty insured againat loss by fire,haztuda(ncluded within the term "extended covernge" and any other bezards, including 6•�
<br /> �� -. ��*� flooda or floodiag. for which Lendor requlrea insurnnce.Thls insurtutce shall be maintained In the timounts and for the periods E
<br /> � tbut Lender requic�es.The inauraace carricr ptoviding the insuranr.e shuli be chosen by Bonower subject to Leader's npproval .-__
<br /> `�'� which shall not be unres�sonubly withheld. If Borrower falla to maintaln coverage descdbed above, Lender may,at Lender's -
<br /> Y option,o6tain wvernge to protect Lender's r�ghts ln the Property in accordaace with paragrnph 7.
<br /> - °`�""� Alt insurancc palicies end renewals ehnll be acceptablB to Lendct aad ahell includo a atnadurd mortgage clause. 1.ender �
<br /> �� shull ht►vo the dght to hold the polielea And renewals. if Lender tequirea.Borrower ahaU promptiy give to Le:nder all rece[pts of
<br /> + pald premiums attd tenewal notices.Ia the event of loss.Borrow0r shall give pmmpt aotice to the insuraace carreer ruid Leizder.
<br />�,� „ ' LQnder moy make pmof of toss if not made prompdy by Borrower.
<br /> ;�� UNess LenQor and Borrower otherv+ise agree la writing.insurance pmceeda shail be appiied to cestoratiop ot repair of the
<br /> . -�.:.� property damaged.if the restotation or npair is economically feasible aad L,endor's secudty is not lessened. If the restoration or
<br /> �.,. :r; repair is not economleally feasible or Lender's security would be lessened.the inaureuce proceeds shail be applied to the sums
<br /> -' ��,� secure� by this Security Insuvment,whether or not then due. with any e�ccess paid co Borrower. If Horrower abandona the
<br /> Property,oa doea not answer wlthin 30 days a aodce fram Lender that the insurance carrler has offered to settle a clatm. then
<br /> `' Lender may co11e�the inaurauce proceals. Lender may use the proceecis to repair or restore the Property or w pay sums
<br /> '� ` $ecut�fiy tiv.q Security Insuument.whethar or not then due.The 30-day geriod wili begin when the noticc is gtven.
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<br />-`'"�'��; , Unleas i.ender and Borrower othenvise agtee ia writin8. anY aPplication of proceeds to principal shall noc eatend or
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<br />"��•���� _-_ postpoae the due date of the monthly payu�uts referce�to in paragraghs 1 and 2 or chaage��e amount of che p�ymencs. I
<br />°°.`°"""�� ' aader h�1 tha Pra rty is acquired by L,ender,Borrower's rl�ht to any lnsurance policies aad proceeds resulang fcom
<br /> '='��� damage�p�eriyr pripr to the acquisition shali pass to L�.uder to the eMent of the sums secur�i by dus Sec+:�irr'Lz?scnun�at
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<br />- -�,� immcdisuly prlar ta tt►e acquisition.
<br /> -.<`��;- 6. O�C1ipAp0�l�P�'t'SCtVAtIOA�MBIIItfiS�IICC 6Rd p1+0YF'•LR1011 OY�P�"Ojl'E1'ty:Borrower's Lm�l�lp�ldcs�ro;A�raseholds.
<br />..,,'���„� Qorrower shall acct�pY.���h•��������Borrower's prirr�pal reside�ce withi�,s�c�dr►�s after�Zie executIon of
<br />-_:-�.-_.� tLiy Securiry Instrument and shall cuatinue to�ecuPY��1�rtY����wer's principal residenec f�r at leas�one year afcer
<br />, 's�, the date of occupancy.unless 1�ender otherwise agrees in wrlting.wbich conseac c�.u�,�uot be uarea.gonabIy wit4a�eld. or untess
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<br /> -�.�,�,p� extenvating etcaimstaaces exist which are beyond Borrower's control. Borrower sba�i aot destroy, damage or•impair the
<br /> _-�+�� Propaty�allow We Property to detcr�orau.or oommit waste on We Property. Borra�vec shall be in default iff aAy forfeitu�
<br />:��:��. actioa or proceadi�y ahethar civil or criminal.is begun that in Yrender's good faith judgtaent couid result ln forfeitore of the
<br /> _--�--,.� Pmperty or otherwise watarlatlY�mp���a►created by tWa Securlty Instn�ment or L,ender's security lnterest. Borrower may
<br /> cure euch a default a�ed�reln4ttue�as prov[ded ia paragraph 18,by cauaing the acttan ar pmc�ediag co be dismis.ssd with a rulU�
<br /> -- - rtua,in ieader's.good faith determfnation, P�� f�Citure of the Bomower's iaunst in the Property ar�ot4er materlal
<br /> -��� iuipaicmcnt of thz lie4 enaat��i�by th�s S�ty Instrumenit•or Lender's securlty interest. Borrower ahait aiso oe iu defxuii if
<br /> � _.�-� Bornower.durfqg the loan ap�Iicadon pmccss.gava mlterlally false or ivaxurate informatlan or state�lents to YfBpder(or failed
<br /> -= to provide Lender with any materl�l inf4rn�azion)in conaectioa wich the iban evldenced by thB Na�te,inl�ludiqg..but not limtted
<br /> °._ --s- to,�reP�ons concemi�ag�Bormvrer's occupancy of the Property as a principal resldence. If ttu"s S��wIty lnsuument is oa a
<br />--_- leasehold. Boirower shall ctimpiy wich all the provisions of the lease. If Hosower acquiras fee Ntie to th�Property. the
<br /> _,_.,... ltasebold aud th�fce title sh�11 uot marge imiess Leadcr aFirees te the merger in writing.
<br /> 7.Protection of I.eader's Rights in the Propetty.If Borcower falls to perform the covenants and agreemenn contained in
<br /> th�s Secudry Instiumem.or ttsere is a lega!proco�iag that may sigmfic�dy affect L�ender's rights ta the Property (such as a
<br /> _ p�,ac�ing in 6ankcuptcy.probate.for coademnatiom or forfeiture or ta enfora laws or c�egulationa),t6en Leader may do and
<br /> pay for whauver is necessary to pmtect tAe value of the Pmperty aad Leader's dghts in tt�e Pcoperty. Lender's aationa may
<br /> i¢c�ude payying any sums sccured by a lien which has prlority over this SecurIry Insuument, appearia8!n court� PaYing
<br /> -- reasonable auomeys'fas and entering on the Property w maloe rtpaits.Althaugb.Leader may take action under this paragraph
<br /> 9,Lender dfles aot have to do ao.
<br /> Any armunta disburstd by Lender under thts paragcaph 9 shaU become addiaonal debt.of Borrower secur�ed by this
<br /> �,"'�=. �� ,:��auity Insuume�. UqYess Borrower aud Leader agra to other urms of PaYment,ttaese amounts shall Dear iaterest from the
<br /> `��'`•"•� able. witD interest. upoa notice from I�nder to Bort�wzr request�ng
<br /> `-___ - ::".��tte of disburaeme�ta ar�tlus Note rate aMd shali De PaY
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<br /> �� p 8.14i�r�age Ineuca�c.If Lender tequired mortgage insurauce as a aondition of making tne toaa secured by t8is Security
<br /> ---_—= Instnunent, �rrowar�sh�lU�rgY the pnmiums requirtd to maiatain the mortgage insarauce ln effax. If. for any reason,th�
<br /> � o�tgage inswaace c�verage�sqniced by I.ender lapses or ceases to be in effoct.Bormwer shall pay the preauwna ra�uircd to
<br /> - obtain wverage subst�nriall,Y e�tolv�lent to the mortgage insuraace pievtously in effe�x.at a oost substantiaatty equivatent to the
<br /> - ___---= oast to Bo�oa�er o�da�ma��ga insurana pr�wlously ia effect, from aa alumsu moagage iasurcr appmved by Lender. lt
<br /> -----�._� substantially�,equivalunc�rq3ag�i�tsarauee covemge is uot awailable,Borrower sbaU pay to L�ud$r cach month a sum equa! to
<br /> ' one-twelRh�ofthe y�arlq.mar¢�ags inuuraaoe pnmium being paid by Borrower when the Insuran�coverage iapsed or ceased to
<br /> - be in eftect.Lender wU�aacegt,use anci rttain these payeo�au as a loss reserve in licu of �aort�aga insuraace. Loss reserve
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