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<br />. �, 5. 1�urard or 1'roperty in�uru�tcc. Burru��rr ,hull ticrp thc in�pruvcmcnh n���� cxitiun�; ur hrrcaltrr rrrc�c�l nn ilir
<br /> Property imurcd ugaintit lus� hy tire. h.vard� mrlu�lyd wnhin �hr trrm "c�tcndc�l cu��rraNc" and:uiy u[hrr haiunl., inrlu�lfn};
<br /> - :;.� tloud,ur Nixxling. ti�r�vhich l.rndrr rrNuirc.i�uurancr. "I'hi� in�uranrr tihnll hc nr,iintainrd in�hr:innnml,;�nd ti,r Ihe{uri�Kl�.
<br /> that Lrndcr requircti. Thr in,uranrr ran�irr ��m�•idin�! thc imuramrc+hall h. rh��,rn h�• tiurruurr,uhjcrt tu Lcn�lrr'. ;ippru�,�l
<br /> -'sE.`�.::,�, which +hall not bc unrcusonubly �vitLh�ld. If t31,rm�vrr luil� tu muiiuuin ruvrra�r .Ic,crihrd uhu�•r. l�ndcr nwy. ai l.rn�lcr'�
<br /> . uptiun.obtain coveru�;e to prutect Lendrr',ri�htti in th�Pruperty in arci,rdcu►rr w�lli par:i�traph 7.
<br />- _ All insurance poliries und rencw:dti +hall h�tu�cpluhlc t�� Lendcr:md .hall inrludc a �tandar�i m��rtEa�:c rlau�r. l.endcr
<br />:� tihull bavc thc rl�ht to hold thc palicics and rencwuls. If L.endcr rcyuir«.B��rruwcr�hall prompdy gi�•r t�� Lcndcr ull rcrcipt�uf
<br /> paid premiums and renewal natices. In thc cv�nt of I���,, Barru�vcr.hnll givc prumpt nutice tu thc in,ur;uuc rurricr und I.cndcr.
<br /> � Lender m:ry make proof of loss if not made prumptly by &irrowcr.
<br /> • • •5 Unless L.ender und Horrower othenvisc agree in writing. insuraurc prurcedr,hall be appl icd t�i n+turutiun ur repair of thc
<br /> '"""�� Property damaged,if the restoration ar rcpair is econamicully feasible und Lender'ti sccurity is n��t I���cned.If the rc.t��ratiun or
<br />•cW.�,�'�• repair is not economically feasible or I.ender's security would be Iessencd, the in,urunce prc�ccrds shall be applicd to the sums
<br /> • =s ' ""� secured by this Sccuriry Instrument, whethcr or not then due, with uny cxccss paid to 8orrawcr. If Burco�vcr ubundons thc
<br />:��%;� Property, or daes not answer within 30 days a notice from L.ender that the insurance carrier has offered to.etde u claim, then
<br /> y�,.�-�,�.
<br />-: ,�.�`.. Lsnder may collect the insurance proceeds. Lender may use the pmceeds to repuir ��r restore the Pr��perty or ti� pay sums
<br /> secured by this Security Instiume�it,whether or not thGn due. The 30-day period will begin when the notice ir given.
<br /> __�.� Unless Lender and Borrower otherwise agree in writing, any upplicatian of proceecls to principal shall not extend or
<br /> `___= post�one the due da�e of the monthty payments referred tn in paragntphs I and 2 or chan�e the amrnmt nf the payments. if
<br /> ��� under paragraph 21 the Property is acquired by Lender, Borrower's right to any insurance policies and praceeds rcsulting from
<br /> M'�-'�°�i damage tc,the Property prior to tha ucquisitiun shall pass to Lender to the extent of the sums secured by this Security Instrument
<br /> �h"�,� immediately prior to the acquisition.
<br /> - 6.Occupxncy, Preservation.M�Intenance and Protectton of the Property;Borrower's I.oan Appl(cuNon;YA�aseholds.
<br />_'`�� Bonower shuU occupy,establish,und use the Property as Borrower's principal residence within sixty days after the execution of
<br /> �'- this Security Instrument and shall continue to occupy the Property us Borrower's principal residence for at least one year after
<br /> �=�`� the date of occupancy,unless Lender otherwise agrees in w�iting, which rnnsent shall not be unrcasonably withheld,or unless
<br />-�'�'�z:,�,.�"`� extenuating circumstances exist which are beyond Borrower's control. Bonower shall not destroy, damage or impair the
<br /> �� Propeny, allow the Property to deteriorate, or commit waste on the Ptoperty. Borrower shall be in default if any forfeiture
<br />_ __��:�� action or proceeding, whether civil or criminal. is begun that in Lender's good faith judgment could result in forfeiture of the
<br /> 'z'+a�`� Pr��riy�?T 4111P�'WtCP 1]�atPry?!�y 1��1?�!ft1P IjPtl CMA�PI�FtV�I1IC SP111T11V In�trument�r l.ender's security interest. Bonower may
<br /> _.;:� cure such a default and reinstate.as provided in p�uagraph 18,by causing the action or proceeding to be dismissed with u rulin�
<br /> ----- that, in Lender's goad faith deterntination, precludes forfeiture of the Bonower's interest in the Property or other material
<br /> � impairment of the lien created by this Security Instrument or L.ender's security interest. Borrower shall also be in default if
<br /> —�—� 6orrower, during the loan npplication process,gave materially false or inaccurate information or statements to Lender(or failed
<br /> to provide Lender with any material information)in connection with the loan evidenced by the Note.including,but nat limitod
<br /> to,represenwtions conceming Borrower's occupancy of the Property as a principal residence. If this Securiry Instrument is on a
<br /> teacPhnld. Borrower shall comply with all the provisions of the lease. If Borrower acquires fee tide to the Property, the
<br /> leasehold and the fee title shall not merge unless Lender agrees to the merger in writing.
<br /> 7.ProtecNon of Lender's Rights in the Property.If Borrower fails to perform the covenants and agrcements contained in
<br /> this Security Instrument, or there is a legal proceeding that may significantly affect L.ender's rights in the Property(such as a
<br /> proceeding in b�nkruptcy,probate, for condemnation ar forfeiture or to enforce laws or regulations),then Lender may do and
<br /> pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. l.ender's act�ons may
<br /> include paying any sums secured by a lien which has prtority over this Security Insuument, appearing in court. paying
<br /> reasonable attorneys'fees and entering on the Property to make mpairs. Although Lender may take action under this paragraph
<br /> 7,Lender does not have to do so.
<br /> Any amounts disbursed by I.ender under this paragmph 7 shall become additional debt of Borrower secured by this
<br /> ___� Securiry Instrument. Unless Borrower and Lender agroe to other terms of payment, thcse tunounts shall bear intere.vt from the
<br /> date of disbursement at the Note rate and shall be payable, with interest. upon notice from l.ender to Borrower re;questing
<br /> payment.
<br /> ______ 8.Mortgage Insurance.If Lender required mortgage insurance as u condition of making the loan secu��ed by this Security
<br /> Instrument, Bornowar shall pay the premiums required to maintain the mortgagc irtsurance in effect. If, for any reason, the
<br /> --- — mongage insurance wverage required by Lender lapses or ceases to be in effect, Borrower shall pay the pmmiums required to
<br /> '��� obtain coverage substantially equivalent to the mortgage insurcnce previously in effect.at a cost substantially equivnlent tn the
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