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<br /> S. Huard or Propeity Insuranca Botrower sh�ll keep the fmprovementa now caiatin� on c�reafler erectea on the .
<br /> Propeity insuted against losa by 8rc,hazarda included wlthW the term "eatended covcrage` and t�ny o�her hazards. including
<br /> .flooda ar tlooding.for which Lender cequires Insurance.T61s inswance shall be maiatained in the umounts aad for the pedods
<br /> that l.ender cequires. The insurance carrler providinB the tnsurance shali be chosen by 8orrower subject ao Leader'a appmvnit�
<br /> whkh ahall not be unre�.sonably witt�held. If Borrower fails to mnintain coveraQe descdbed above, I.,ender may, at Lender'�
<br /> ; optlon.obtain coverage to p�ntset Lender's righta iathe Pooperty in aeeordauce with p.�vagcaph 7. � 1,:;,�
<br /> Ati inaurance poiicies and renewals ghall be acceptabla to Lender and shnll include a standard mortgage clause. l.end�
<br /> � s h a l l have t he r i g ht to ho l d t he po l ia les an d renew a l s. l f L e n d e r ce q u i r e a,B o r r o w e r a h a l l p r o m p t l y g t v e t o L e a d e r e l l r e c e i p t a o� _?�-�
<br /> �aid premiums and renewal aotices.In the eveat of to�s,Bomower shall givo prompt aotice to tbe insurance carrler and I.ende� �.__
<br /> '' ; Lender may make proof of loss if not made pmmpdy by Boaower. ___-
<br /> Unless Lender and Borrower oWetwise agree in wrIting,ineurance proceeds sha11 be applied to restoraQon or repair of tl�
<br /> o ."��¢� Property damaged.if the restoratton or repair Is ecoaoraically feasible and Ixnder's security is not lessened.It tine restoratIon� —
<br /> • 3 r e p a ir ta not econo m i c a Uy feas l b le or L�en d er's s e c,u r r i t y w o u l d b e l e a s e n e d,t h a 3 n s u r a n c e pmceeds aha11 be a p pliod to the swns
<br /> ��:t secured by this Securiry Insuument, whether or not then due. witb any eacess paid to Borrower. If Borrower abandona the
<br /> Property.or does not answer within 30 days a aodcc from Lec►der that We ivaurance car�isr has offered to aettle a claim,then
<br /> ; L.ender may collect che insuraace proceeds. Leador mny use tha proceeds to npair or restore the Propeny or to pay sums
<br /> • ;• secured by this Securlty Instrument.whether or aot then due.The 3t�+day gerEod wi1L begin when the nottce is given.
<br /> Unlesa Lender and Borrower othenvise agree in wridng, an9 aPPlieat�on of praceeds to princlpal shall not extend or
<br /> - _ ` postpone the due date of the montWy paymenta refarred to ia paragcapha 1 and 2 or chan�e the amouat d the payments. If
<br /> ::.�-::`:- � under paragraph 21 the Progerty is acquiced by L.ea�er.Sorro�+er's rigbc to any insurance poticies aad proaeds resuldng from .._
<br /> , '- �`�'s;t`-�� < dama e to the Pro �Ior w the msition etaall pass to 1�ender oo the extent of the sums secured by this Securlty Insuument
<br /> ., �;�.�;;,,;,. .:, g PertY P acc! .
<br /> i;:�;ti�'.�,;�i%��:;��`i, ia�tmedIately prlor to the acquisition.
<br /> _.,,,l,{'�ti��,�;,:�;,;1�'; 6.OccuPan�7'.Psesea aretton�Mainten�tnce and IgtoB¢ct3on of tYne Properiy,Borrower's Lonn Applidcat�oni Leaseholds.
<br />•:;,,.,�,.,>,:�`�:.r,;; l�orrower shall accupy,est�blish,aad ose the Preperty as�o�r's principal residence withiu sixry days after the execudon of
<br /> r"�.�;•..nc •::c'::;
<br /> :=�','��=r;,1;c;:;;%:�.•. thia�cueity dnsuu�aent and shall oontlnue to occupy the Property as Borrower's piincipal residence for at leasc one year after
<br />')I '.:'�! Il:i"K:.'
<br /> ,•`>�.��`;.�...•.� the date oP occu agroes in wrIting,which consent shall aot be unreasonab�y atthheld,or uNess
<br />;a,:. :n„� pancy.unless Lender otherwise
<br /> " eateauadng circumstaaces exist which are beyond Borcewer's conaol. Bozmwer shali not destroy,damage or impair the
<br /> -�� Property, a11ow the Property to deterIorate. or commit waste on the Property. Borrower shall be In default if aay forfetture
<br /> , acdon or proceeding.whether civil or crtsninat, ia begun that in I.ender's good faith judgment cauld result fa forfeiture of the
<br /> F.,. �.- •_ Property or othera+ise matedally Impair the lien creaud by this Sxudty Inatcument or I.ender's security laterest.Borrower tnay
<br /> .� ..---__r: ����.f�����,av gmvi�irif in��sara„arepb 18,by cauainx the action or P��g to be dismissed with a ruliag
<br /> - � ' that, in Lcnder's good faith detemilnation. ptecludea forfelture of the Borrower's iaurest in the Propeny or other raateriat
<br /> ,• impairment of the lien created by this Security L►atrument or Lender's serurtty laurest. Borrower shall also be in default if
<br /> =°'��,: , Borrower.duriug the loan applicatioa pmoess,gave matedalty felee or inaccurau infom�ation or statementsto Lender(or failed
<br /> - �+���• to provtde Lender with any materiel iaformatioa)in connection with the loan ev[denced by the Note. includiag�buc aot limited
<br />"""=�:�;��' to,representations wncerning Borrawer'a occupaary of the Property as a princlpal resldence.If this Sayiriry Instmmsnt is on a `
<br /> -����=�Y'� teffiehold. 8orrower shaU comply wtth all the provlaions of the lease. If Borrower acquires fa tide to the Propeny. che
<br /> a,�•- 'z�e1. �. .
<br /> :�:�-: leaaehold and the fee title shall aot merge unleu Leader agrus to the mergcr in wcltiag.
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<br />- 7.Protection o!I.eader's ltights In t6e Pe+npealy.If Borrower f�aUs to perForm the covenants and ag�eements coutained in
<br /> -_- "'T' t1�is Se�uriry Instrument.or tDere is a legal pmceeding that may sigNficantly affocc Lender's rtghta in the Property(such as a
<br />-'�=;... �, pmceeding ta baalavptcy,pmbate.for coademnadon or forFelture ox to enforoe laws or regWations). then Lender may do and
<br />='�`'�-i`":"`' pay for whatevet ia nx.essary to prot�ct the value of the Property and Lender's rights in the Fmpercy. Lender's actions may
<br />�r--�T,.�-� include sum4 secured b a lien which aes orI over tbis Security Insuument, aPP�B in court, Paying
<br /> � �i;s'� P�S �Y Y P� tY
<br />_ -,�-;,tb�� : reasonable attomeys'fees and entering on t6e Property to make repairs.Although Lender may take acdoa w�rler thia paragcaph :
<br /> "� 7,I.ender does not bave to do so. � •
<br /> =S_=��",s;;":`;..: My amounts disbursed by L,ender under this paragraph 7 sha11 becoace additional debt of Bomowor secured.1ry�this
<br />--:.�:.':.�ki°"� Stt'tlllly IL9�CIIL. Unlesa Borrower and I.ender agree to other terms of paymeat.these amounta shall bar �atesest.fic�m;the
<br />`"'�'r'-:•.. dste of disbussemeat at the Note rate aad s6a11 be payable. with interest, upon notice from Leader tm Haarmwer requesting
<br /> =�'-_�,;,n;,�,,�,°. pa��. �;
<br /> _�;;-�E�3�. 8.Mortgage Ins�aace.If Lender required mortgage iasurauce as a wndidori of making the losn secured by this Securlty�,-�,
<br /> °�=�::�� '� Insuvment� Borrower shaU pay the piemiuma requir�cd w maintaia�he mortgage insnaance in effect.If,tor any reason. the. ,�
<br /> ---�`�-�'" -�� mortgage iasurance coverage required by Lender lapses or oeases w be ia effect,Brnmwei shall p�y the pczxniums required to ;;
<br /><«.�,,,�,, .�. obtain coverage substantially equivalent to the mortgage iasurance previously in offeot. at a cost substantiaUy cquivalent w the
<br /> __ ;�� cost w Borrower of the mongage ina�uance previously in effea. from an attemate mortgage inaurer approved by L,eadet. If �"1
<br /> �- r f► �s�p�ly equivalent mortgage insurance coverage is not avaitable,Bflrrower shall pay to I.ender eac1� month a sum equal to
<br /> ;:�.'�:.;,,,_ ..
<br /> .',�--"'• � one-twelgt6 of the yearly mortgage insurance pre�iwn being paid by Borrower when the insurance coverage tapsed or ceased w
<br />--: � � be ia effea.Lender will acxept.use and retain these payarents as a loss reserve in lieu of mortgage lnsurence. Loss reserve
<br /> ,� 'Y�. wRn soze elso
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