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<br /> .�., '}: S. Hur.ard ur IM►perty Insurattcc. Hurru�rcr �hull kccp thc iuipruvcnunt. nuw cxi,ting ur ticrcaftcr ercctect im the !
<br /> � .,�, Pr<�perty insurcd uguin.� lu�. hy firc. hwurd, includcd a�ithi�� thr tcrm "cxtcnJcd cuvcragc" und any nthrr hututdti, including �€.
<br /> � tlucxl+or iloiutin�. t�tt�vhich Lrndcr rcyu�rc� iu+ur:�nre. "rhi. in+uranrr tihali Ixx maintuinrd in thc amuu�u.uud fcn• th�peri�xfti =
<br /> ; thut l.cuiicr rrquim.. Thr in�urui�cc rurricr pruviJiaE thr iu.uranc.: .hall hr cliuun hy I3urruwcr.rubjcrt tu l.�ndcr'�upproval _
<br /> �� which .h�dl not hc w�rca.imahly withhcl�. 11' Nurruu•rr fuil,to maintuin ci�vcrugr dc+cribcd utx+vr. l.cndcr may. ut l.�:ndcr'ti �
<br /> �� c�pii�m. uhtuiu cuv��u�;�to pr��t�ct t�:ncirr'�rightr itti ihe Pn,{nny in:sccorduncc with�ragruph 7.
<br /> Ali inyurunce pulieie++uid renewuls �halt he ucceptuble tu lxnder and slial! include u .tuixlurJ o�onguge clause. Lender _
<br /> �haU have thr eight tu hoW the puUrie�and renewul�. lt l.rnder requirc��. H��rrowrr shutt prumptly givr tu{.ender a11 rcccipts of �
<br /> • � :,,,� paid prcmiums urd ronewul noticcr. In the ev�nt cif los,,Boru�wcr�hall�!ivc prompt nutice t��the insurunrc corrier and l.ender.
<br /> ' " l.ender may nwke proof of l�iss if nat made prompdy by Borrower. —
<br /> ,�� Unles. Lender und San��ver othcnvi.c ugn�c in writing, in�uranrc pr��cccds shull be upplied to restnration or repalr of ihe
<br /> '+^�°^�'f'�!'�" Pra}�erty dumugul.if the restarution or repair is ecnnomicully feasible und I..ender's security is not lessened. lf the restorutian ar
<br /> � .' � repair is not economir�lly feasible ar l.cnder'ti zccurity� woutd be Ic�.�ened, the insurunce prcx:eeds shall be applied to the sums
<br /> � � ':+"� ser.u�ed by this Securjty Instrument, �vhether ar not then due, with any excess puid to Burruwer. If Borcower abandons the �
<br /> � 7 " Property,or does not uns�ver within 30 duys a natice from Lender cl�ut the insurance carrier(las offerai to settle a claim,tben
<br /> ' - � ' l.ender may collect the insurancc proceeds. Lender may use the proceedc to repair or restore r1�ue Property or to pay swns =
<br /> � , • secured by this Security lnstrument.�vhether or not then due.The 30-day period will begi.n witen th.e nouce is givea. _
<br /> • ,.�. � �; Unless l.ender and Horrower atherwise agree in writing, any application of procoods to Principaf. shalE nQt extend ar
<br /> pastpone the due date of the monthly payments referred to in paragraphs 1 and 2 or d��e tRe axnowu of the pa}+mu�ncs. jF
<br /> wider pacagrnph 2l the Proparty is acquEred by L.ender, Bnrrower's right to any insuranre po4icies artd�r�cead.s ces�tcing f�om
<br /> ' . . damage to the Propecty prior to the acquisition shatl pass to Lender to the extent of the sums s+�curect by tHis Seatrity[nscruQCent
<br /> • immediately prior to the acquisition.
<br /> ' .. ' 6. Uocupuncy,P�+eserv�4fan,MAintenaace and�ro8a��m of the Property;Borrower's I.oan App�ncm¢Eon;I.easehoids.
<br /> . '.•.;.,;; Borrawer shall occnpy.establish,and use the Property as Barcvwec s principal residence within sixty days after the execution of
<br /> ''� this Security Instrument and shall continue to occupy tt�e i'rope�y as Borrower's princlpal residence far at least one year after
<br />• �'•:•�:?�` • the date of occupancy,unless L.ender othernise agnees in v�r.t5ng, �chich consent shail not be unreasonably withheld.or unless
<br /> � •'+' axtenuatIng circumstsnces exlst which are beyond. �:rower's wntrol. Borrower shall not destroy, damage or impair the
<br /> . ' Property,allow the Property to deteriorate, or commi9 waste on the Property. Barrower shall be in default if any forfeiture
<br /> - , actIon or proceeding, whether civil or criminal.is begun thai in Lender's good faith judgment could result in forfeiture of the
<br /> Property or otherwise roatedally impair the lien created by this Security Insuvment or Lender's security interest.Borrawer may
<br /> cure such a default and neinstate.as provided in paragraph 18. by causing the action or proceeding to be disinissed with a iultng
<br />__ .=.±�:,sU�'� that, lu Leader's good faith determination. pr8cludes forFeitum of the Borrowe�'� interest in the I'roperty ar otiter materiai �
<br /> --- -- -'�� eaeg2irre�eat of the :�ea ccrstted bs this SccurEty Irs�v�uent ur I,��hfcr'� securiey interest. Borrower shall also be in default if
<br /> °Y``''` Borrower.during the loan application pracess.gave materially false ar inaccutate information or staxements ta Lender(or failed
<br />-=�,�'��� Y ta provide Lender with any material information)in connection with the loan evidenced by the Note.iacluding.but not liraited
<br /> w�:�._�,��� to.�epresentations conoeming Borrower's ocxupancy of the Propariy as a principal residence. If this Securlty Instmmeat is on a
<br /> ��.w�� leaschoid. 1Borrower shall comply wIth all the prnvistons of the lease. If Borrower acquires fee title W the Property. the
<br />_�:c.�;�. leasehold aad the feE tltle shal�not merge unless L.endBr agrces to the merger In writing.
<br />_, �;:,,t��. 7.Protect[on o!I.ender s Rtghts in the Prope�rty.If Borrower fails to perfarm the covenaats abd agreements conteined in
<br /> .�;;i_���� this Security Insmiment, or there is a legal proceeding that may significantly affect I.endar's dghts in the Pnoperty(such as a
<br />„�ti���� pmoeeding in bankruptcy.probate.for condemnation or forFeiture or to enforce laws or regulatlons),then Lender may do and
<br /> �:.;n,',�� pay for whatever is necessary to protect the vutue of the Propecty cued Leteder's rights in the Property. Lender's actions may
<br />__---__- Incl�!dR Fnying any sums sec�red by a iten which has prtority over this Security Instniment. appearing in oourt. paying
<br /> �'��.�� c�easonable attomeys'fees and entering on the Property to make repairs. Atthoug,h Lender may teke acuon under this paragraph
<br /> �-� 7.Lcndcr dces not have ta do so.
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<br /> _=-,_� Any amoants diaburned by Lender under this paragraph 7 sh�ll become additlonal debt af&�rnwer secured by this
<br /> -- Security Insm�ment. Unless Borrawer and l..ender agree to ather terms of payment. these amounes shall bear u►terest from t4e
<br /> -��� date of disbursement at the Note rate and ahall be payable. with tnterest. upon noric�from Lender to Borrower requestIag
<br /> � payment.
<br />- �� 8.Mortgs�ge Insurance.If L.ender reyuired monga$e insaraz►ce as a condition of rnaldng tlrt aa�.-��ecured by this Securiry
<br /> _�:�:�i`;,a, Instrument. Sorrower shall pay the premiums reyuired to m�sintain the mortgage insuranr.e in e�Ce�c.;�€, for any mason. the
<br /> =---;"F mortgage insurance wverage required by Lender lapses or ceases to be in effect.Borrower shaU g�r¢he��premiums reqt�irad to
<br /> obtein coverage substantially e�uivalent to the mortgage insurance previously in effect. at a cost subst�aCe:uay equivalent to the
<br />�'�'° oost to Borrower of tic¢ cnmrtgage insurence previously in effect, from an attcrnate mortgage insurer a�roved by Lender. If
<br />'�t���r :;- substaIIetia4U � uivalent iYC�rt a e inc�ara�sce co�era e is not available.Borrower shall ay to D..ender each ritonth a sum equal to
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<br />__;�'�;a'.•w�`��:�(} be in effed.I.ertder will accept.use accci re:a�i�tfi�ese payenents as a loss resen+e in lieu of [�ca:��age insotrance. Loss reserve ;
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