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<br /> . . 98.. i���zs _
<br /> S. Ilaz�rd or Pr�perty Insurance, I3arrowcr shall keep tha improvements nnw exi4ting�ir hereatter errcted on
<br /> the I ru�iorty inaureci e��inec Ic�a by fire,haxarclr�included within the term "extenduJ c�vera�e" and any nther haiards,
<br /> ihch�line flnexlR or floodin�, tor which Lender requires insurancc,'I'hie insurance shall },e maintained in the amnunts
<br /> and tnr tha period.� th�t I.ender requir�. '!'he insi,rence carrier pmviding the insurence shall he chnsen by I�irrower
<br /> Fuhjact to I.ender's sppmval which ehall not he unreaisonably withhr,ld,If Ii��rrower teils to maintain cnverage dc�;ribed
<br /> afxi�'e, I,ender ma}�, at I,enJer's option,obtsin cover��e to prc�tect I.,ender's ri�hts in the Property in eccc►rdance with
<br /> �n�raph 7,
<br /> All insurance�wficias end renewale shell he ncce�tnhle to Lender and shull incl►iJ� a standarJ �r��rtgagc clause.
<br /> I.rnJer ahall have the ri�ht ta hold the policies and renewals. If I.ender requires, }3�rrnwer sliell promptly give to
<br /> I.rnJer a�l re�:eiptq at peid promiums and renewal notice.s,ln the event of la�, fiorrowcr shall give prompt noticC to the
<br /> insursncd carrier�nd i.endar.I,ender mey meke proof�t I��it not made promptly by�3orrower,
<br /> l►nl�c I,ender aod Bormwer otherwise agree in writing,insurunce procoods shall}x applied to restoration or repair
<br /> uf the 1'rn�erty dama�ed, if the restorati�n or repair is economicslly feasible and Lender's security is not I�sened.If the
<br /> restoratinn or repair ia nat aannmic�lly teasiblc or I.ender's socurity would be lessened,the insurance proce.e�Js shell he
<br /> epplieci to the sum�secureci by thia Sex:urity Instrumont,whether or not then due, with any excess peid to I3r�rrowor.if
<br /> f�rmwer aMndon.a tho I'roperty,or dcxs nnt�nswer within 30 days a notice from Lcnder that the insurance carrier has
<br /> of[erai to settle a clsim, then l.ender may collect the insurarxe poiuc�eds, Lender may use the proceeds to repeir ar
<br /> reatore the Prape�ty or to p�y suma Aecured by thio Security Insccur,�z:n�t;ahether or nat then d�e,7'he 30-day�period N•ili .
<br /> begin when the notice is Yivcn. � •
<br /> Unless Lender and Iiorr�wer otherwise agrcx in writin�,sny appiicdfion o'P'pr.ore,eds to principal shnll not extend or
<br /> p�etpone the due due a(thG monthly payments re[erred to in p�r�gtaphs i end:�s�,�ar Fhpngt the xmount of the peyments.
<br /> If under pangnnh 21 the Property is ncquired by Lendcr, P,c�.�.x,�r's right ta a�����ina�rca�;�r po�icies and proceeds
<br /> ravultin�from damaee to the Pmperty p.•ior to the acquisition,shall�uss,to Lenli�r kp th�:et}`���'�'i,c,!the sums secured bg
<br /> thia Socurity Inetrumcnt immediately prior to the�cquieition. . ' '�� � ,• ' . �.,,. •
<br /> 6. Occupancy, Presarvation,Msintenance�nd Prot�ctir�n';a'I.,ihe Propa•r:t5;Borrower'�Loan Application;
<br /> ' Le�aedolds. Bormwer ahall occupy,esublish,snd uee the Yropcnt�'is Borrnwer's principal residence within sixty daps'•
<br /> •fter tha exxutian ot this Socurity Irutrument and shall canrrz��it'',�o occupy the Property as Borrowcr's principal•
<br /> residence for at le�at o�ne yar atter the date ot occup�ncy,unle9s.I.�piler•otheraise aereas in writin�,which consent�sha1M •
<br /> not be�unreaeonably withheid,or unleee extenwtin�circumstanc�;�f�i:�t which are beyond Borrc�wer's contml.Bormwer
<br /> shall not destroy,d�ma�e or imp�ir the Proper�y,�I1ow thc Property to deteriorete,or commit waste on th�Property.
<br /> Ibrrower shall be in detault i('a�iy forteiture acti4n�r proceedin�, whethcr civil or criminal, is begun thax in Lender's
<br /> �od faith jud�ment could r�u1t in forfeiture oi the Property or otherwise matorially impair the lien creatod by this
<br /> Security Instrument or Lende7's security interast. Borrawer may curo such a default snd teii�staw, as E,rovided in
<br /> Psn�aph 18, by auein¢ the utinn or r,�r.�.�r,iln� r� �. .±;e;.;;:,� •,yish � rulirg �!-�:;,, iai i.e�icicr e �ooci �tith
<br /> determin�tion,procludae forfeiturc ot the Bnrrower's interest in ttn;,property or other maurial�iinp�irment of the(ien
<br /> created by thia Security Inatrument or Lender's�ocurity.interest.Be�rrowe�shall�I�be in default if Borrower, clurin�
<br /> the lan application procrae, �ave materially false ar,.aneccunte intormation or statemrnvs w Lr;nder (or failed to
<br /> pravidn L,endcr with any material information) in ottipn�:ction with th�na Iwn evidenced by thc Note, includin�,but nat
<br /> limited to. repre�enLtinnR c�r�Mrnino AAINiNwI��r/x+nilPi�iln� n��1�iw YMM�AI� ww. '.. ' +1 .+.:��•i�� «:.�'.t,^,C.r`;,�^'!�•.
<br /> . . �.....� ..,... r.�u�:�.... ..,... •• � � .� :.
<br /> Inatrument is on•�i leeeehold,Borrower shall comply.wit�'all the Eirpuisions of the lease,lf Bc�rro�er aoquireF tx title to,_�'"�;
<br /> the Property�tho lcaeehold snd the fee title s}►all not mer�e unlr�ee Londcr a�roes to the mer�er in MriUn�. '�� �" `
<br /> 7. Prote�tio�of Lender's Rit6tr io �de PropCr#y,lf$orro�cr tails to perfarm the oovenante and agreemrnts � �
<br /> conUioed in thie Socurity Inetrument,or there is s la�al proceedin�that may signiticantly aitxt I,ender'e rishte in the
<br /> Property (auch as • proc�eedin� in bankruptcy, pnc►b�Ate, !or oondtmnation or forfeiture or to enforce la�� or
<br /> ro�ul�tinns), then L,ender may�do�nd pay•fiar wtuitever is neceaeary to protect the value of the Property�nd Lender's
<br /> ri�hta in the Property. Lender a ections msy�.ancludo p�yin� any sums socurod by a lien Mhich has priority over thie
<br /> Security Instrum�nt,apparin�in coun,p�ying;reaeon�ble�ttorneya'tees and enterin�on the Property to ma{ce r�pairs.
<br /> ��t!!a►th L,ender rtuy take action under thi��rbgraph`7,;I.ender does not have to do so,
<br /> ,11�y amounta disbureed by Lender under this p�t�Braph 7 8h�ll become�dditional debt of Iiorrower x:ured by thia
<br /> Secutity Iristrumont.Unlaes }3orro�vtr and [..qnder e�i�ec'to other terms of pyrnent, these amounts ahdl bear interost
<br /> from the date ot disbursement at the Nate rnio'and shall bc p�yable;wiih interest,upnn notice irom l.ender ta Iiorrower .:
<br /> reQuestinj�paymant, c;, •
<br /> 8. Mortpje In�unoce.It Lander roquired mortj�i�a insurance�s a condition ot makin�the lwn securod by this
<br /> Security Instrument,BorraMer atull p�y thrr promiurria�rAyuired to maintain the mortpee inaunnce in atfecc.It,tor�n
<br /> reawn, the mort�aje ineunnca a�ven�e roquirod by I�cndm� lapeo�or a+aee�s ¢o be in effoct, Borr+oMer ahall pay the
<br /> (Kemiums required co obuin oovers�c subetentially oquivalent to the mort�age insurance previously in eitect,�t a cart
<br /> eu6stantially equivalent to the caet to BorroMer o[ the mnrt�aee insurana previouely in effect, tmm �n �Itertw,te
<br /> mortp�e insurer approved by Lender. lf substanti�ll�• oquivalent mortg��e inaurmce coveta�c ie not avail�ble,
<br /> BorroMer ahall pay to Londet e�h month a oum eqw)to pnc-t�velfth of the yarly mortga�e inaunnoe premium bein�
<br /> pid,by Horrower when t}�e 'naprance covrnge lapee�d:or ce�sed to be in effoct.Lender Mill sccept, uee and retain theee
<br /> �y�'rienta aa a loee rexn�e�'in 'lieu ai:s�AC,rtY��o inaur�nce. Loss reserve paymenus m�y no longer be required�
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