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<br /> ' S. Hozard or Pr+nperty I�urance. Bormwer shall keep the improvemeats now existing or hereafter erected on the
<br /> �� , pnoperry iasured against!oss by fice.hezards included withln the temn 'extended coverage" und aay other 6azerds, iacluding
<br /> floods or flooding. for�ahIch Lender requirea inaurance. 'ihis lasurance shaq be maintairced in ihe amounts and for the periodR
<br /> � that I.ender requ{res. The insuranc� car�ter provtding the iaswance ahall be chosen by Bonower subject to Lender's approvnl�p
<br /> whtch shsill not be unreasonably witbheld.It Borrower fails eo�aintaia oovernge descrihed nbove. Lender may. at l.ender's90
<br /> opt�on.obtniq coverage to protect Lender's dghta in �he Pruperey in eccordazcce with paragrap6 7. �
<br /> � All �nsurance polictes and renewele� shall be s�captable to Lender an�shall include a standard mortga�e cluuse. Lender .
<br /> shall dAVa the dght to hold tha poiicies a�d anewols.It Lender requires.Borrower shall prompdy givc to Lendet ali receipta of� �
<br /> - paid pratniutns aad renewal noticas. IIn the event of Losa,�orrower shall give prompt nodce ro the insurance catrter and Lender. r�;_
<br /> . , Lendor may ruoke proof of loss if nat.mad�prompdy by Bortower.
<br /> Ualess Lender and Borrower atbenvis�e�ree In wrtYing. iasurance Procceds ghal�be aPPlied ta restoraticu�or reps�r of the _
<br /> �'"�' property damaged.if the restoratloa or repnir ia�ecaaomically feagible and Leader's security is nac leasened.If the reatoration or�
<br /> �'�; repair is not economically feasible or Le�daPs sec�Yity vo►oWd be lessened. the ins�rance pm�x�eds shall be applted to the sums __
<br /> secured by this Securlty Insuuraec►t.wh�ather or u�xt titeen dire,with any eacess paid to Borrower. If Borrower abandons the
<br /> Praperty,or daea not ansrler withIn 30 a3ays a na��rte from 1�ender that the�nsura�►ce carrier has offered to settle a claim.thon
<br /> Lender may collect the insura�u:e praceeds. Lfendae may use the procoods to npair or cestore the Property or to pay aums
<br /> � sec�l by this Securlty Insuument. whai8et or rx�t tucn aiue.7Le 30day pedod wU1 begin when the not3ce is given.
<br /> Unles� Lender aad Bormwer otherwiee agre�lA wrlcing,any apPlication of praceeds to principal shall aot extead or
<br /> � postpon6 tbe due dute of the monthly paymonts refcn�eca w�in paraBraPhg 1 aad 2 or change the amonnt of the paycuente. If
<br /> . � under paragcaph 21 the Propersy is acquired hy l�eudar. Borrower's right to aay insurance Folic�es aad proceeds resulcin�from
<br /> � '�� damage to thB Propeny prior to tha acqui�idon shelE pass to Leader to the eatent of the sums secured by this Security Insuument
<br /> � immediatcly prior w tha acquisition. .
<br /> �,, 6.Oaupuucy,Preservatioa.IVl9faEenance arrrlD Fc�tec�an oi the Propee�rt Barrower'�Loan Appltcation;I.easehnlds.
<br /> ' Bormviet shall occupy.eareblish.tmd use t�e P°t+oPeu�y as Borrower's principat residence within siaty days aRer the executioa of
<br /> [hfls Security Iuattument and shaU con�nua to oaul�y tha ProPatY a�Bfln'°wer's princtpal residence for at least one year afcer
<br /> . the date of cccupancy.untess Irender othgrwise agr.xa in writing. which conset►t shall not be unreasonably withheld,or unless
<br /> . �;'�: : ; ext�uating circua�stances exist which are beyoad Borrower'a contml. Borrower shail not desaoy, damage or imgair the
<br /> propetty,allow the Frog��Y to dstedorate�oa co�mit waste an the Property. Sormwer shall be in defautc if any forfeiture --
<br /> �,'•".;�",..;;�:�, accion or groc�eding, whather civll bt criminai.is be8u�that in I.ender's good faith judgment coutd result in forfeiture of the =_-
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<br /> : ; ;.,.,,lf�'` Pmper¢y or otherwise materlal[y impafe 4ba lien created by tr.ia 5eciu[ty Insmunent or Lender's securiry intereat.Borrower taay _
<br /> f���.:;;l:;�r•;.<;`a'
<br /> . .,,;r:���t,:`�1�., cure such a default and reinstate�ae proerided in parag�aph 18,by c,ausing the actioa or pmce�d3ng to be dismissed with a nilin$
<br /> .�";5�;?`� that.in Leader's good faith detarcaSpetion,Precludes Poifeiture of the Borrower's iatesest in tt�e Propecty or other material _
<br /> ,i4f�!`ri` • � ' ��IICQf OI iI1C I1Cil Ct�82���i� L�Ib.aCCYTILj��II+�`-�I L�'Aa�f's�ra��iry interest. Borrower shall also ba iu default if . --
<br /> . �f�'F Borrawer,dwIng the loan appQaarion process. gav�ma�erielly false or inaccucaee int'orn�adon or statements to Txader(o�failed
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<br /> .,,.,.:, to pmv{de Lender with any materlal information)in caame�tion with the loan evide�uxd by the Note,iacludiug,but nal lladted
<br /> •;;c;:,�,;,;:;s,; ' as a ci al tesidence.If this Securiry lnstrument is on a
<br /> . : t'--� cm.reuresentadons conc�minR Borrower's acupancy of tbe ProPenY P� P
<br />� ' � ' '�'�'�"r:�. leasehold, Horrower shall comply with ell the provis's�ns af the lease. lf Borrower acqwres iee a[ie w [fie r�uirc�iy. i+��
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<br />_�;. � ' leasehold and the fee tttle sLall aoi merge unless Lender agcees to the metger in wrIting. ;
<br />.' 7.Protedtou of Leader's Rigtits tn the Pe+a�erty. If Bortower fails to perforra the covenants and agreements contained ia
<br /> _... , . ;,r this Securlty Irisstr�meat.or tttero is a legal proceeding that may sigaificantly affect Leader's rights ia the ProFertY(such as a
<br /> ..,,,,,•. . pr�oceeding in bankruptcy,pmbate, for condemnatiou oa forfeiture or to enforce laws or regulations),then L,ender may do aad
<br /> ° . . . pay for ahauver is a�ssary w psotect�he velue of the Property aad Lender's rlghts in the Property. Lender's actions may
<br /> , ,. , � iactnde 4a3+�8 �Y sums recuted �y a lien wba�ch has priarity over this Securiry Instrument. aPPeadng in court, payjng
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<br />�.�,;;;a., .�;;. reawnable attomeys foes aad entering on the Propeny to make repairs.Although Ixader may take action under this paragraph
<br />_ ` `�"`"`:;'�; 7,Leaderdoes not have to do so.
<br />_ :--"'"`; Any amounts disbursed by Leader under ttiis paragca�h 7 shail become addIdonal debt of Borrower secural by this
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<br /> :::'"'':i°- Security insuument. Unless Bonrowu and I.eitder agree ro otder terms of paymeat,these amounts sh�l bear intenst from the
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<br /> :., dau of disbursement at the Note rate and sball be payeble,with lnterest, upon notice fmm Lender to Borrower requesdng
<br />��� payment.
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<br />__ 8.Mortgage Ias�trance.If Leader required mortgage insurance as a conditloa of making the loan secured by s SecunEy �•
<br /> �i - �;- �.�. Insaument, Borrower shall pay the premiums required w mainaain the mortgage insurance in effect. If� for aay reason. the �N
<br /> =� -�'`�. � mortgage insurance ooverage req�irod by Leader laps�.s or ceases to be ia effeCt.Borrower shall pay ihe premiamos required to
<br /> - - � obtaia wverage substantially equivalent w the mortgage ins�ance prevtous1Y in effect.at a wst substantia11y equivaleni to the :�
<br /> '"°""`:'". oost to Borrower of the mortgage insurance prevfionsly in eNxt,fcom an alternate mortgage insurer approved by Y.euder. If
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<br />_=. , substandaUy equivalent mortgage ins�rance coveca8e is not available.Borrower sha11 PaY to I.endet each month a sum eqnal to '
<br />- ' ^.��;i� 1. one-twelfth of the yearly mortgage insurance prermium being patd by Bomower when the insurnace coverage lapsed or ceased to
<br /> be in effe�t.Lender wW axept.use anca retain these paYmeats as a loss rese:ve in lieu of mortgage iasucance. Loss ceserve
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