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<br /> �� . � . 5. Ha7ard or �'operiy Insursutce. Bom�wei sha11 ke�p the improvemcnu rto�v QxistBn�or hereafter erected �n the ,
<br /> - Prc�perty insuted agaimt tuss by 6rr. hazards incladed wiifiin the term "extended co�•era$e" and any ather hazat�s.�ncluding
<br /> " '. . '�', floads or ftooding,for whirh l.ender regaires insurance. This insurance shall be maintainecl in the umuuntti and far the periods
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<br /> - that L,ender►e�nirer. The insurance carrie�'pmviding the insurance shalt be chosen by Bomn«er subjcct co Lender's appmval
<br /> , � � ��hirh shall not be unreasonably withhetd. If Borro�ver fails to maintain mversge descn�ed above. Le�►�c*may.a1 Lerider s - �
<br /> � ,,�• �� �.� option,obtain m�ersge to protect Lertder's rights in the Property�n a000rdance wi�h paiagraph 7.
<br /> �_���'; Alt iasurance pnlicies and renewafs s4al!be accrptabte to Lender and shall inctude a standand mortgage clause. L�der
<br /> ` " ' shall have thc right to 6otd the policies and renewals.IF L.ender cequires.Boimwer shafl promptfy give to txnder a11 receipts of
<br /> ; . •.`�w :..'`''� paid precmums and renewa!notic�es.in the event of loss.Barrower shall give prompi notece to the iasurance rartier and Lxnder.
<br /> : � � � Lender atay ma&e pmof of loss if not made pmmptly by Bmrower. �'�
<br /> � • :. ,,•�:; Uatess Lendet and BormweT otheiwise agtee in wrining.ins�uattoe prnceeds shall{se applied to restoration er repair of the �=r��
<br /> ' • • ° p�ogerty damaged.if the restotatioa or repair is eoonomieally feasi'bie aad L�nder s security is not lesseaed. [f the restoration or �:� :;.
<br /> ll as
<br /> � ' repair u not e�onomically feasib[e or Lender's security wo�id be tessened.dce insurance proceeds shall be applied to the sums �'��'-
<br />..�.a . t �s;:;.�.
<br /> "' secuied iry this Sewrity In�rumen� whether or uot th�due. with az►y excess paid ca Borivwer. If Eornnwer abandons the �,�:
<br /> ' Prope�ty.or does not answer withia 34�►ys a notice fram Leader that the insurance c�rier has offemd to settte a c(aim,tf�ea - -
<br /> � � �� Lender may ooller.i We iasu�anae p�aoeeds. i.eeder may use the prooeeds w m,{rair or restore the Prop�ty or ta pay sams �r�
<br /> j ` , • , sec.vmd by this Seauity insdamea�whether or not then due.T�e 30-day period will begin when the notice is give,n. �
<br /> °'� � � , -':`Y Unless Leuder and 8orrower otherwise agce�in avriting, aay applic�on of prnceeds w principal sl�all not extead or �;L'T
<br /> • ' � . ,�' s;, postpone the due date of the a�nnthly payments referre�on in paragraphs l and 2 or change the amouat of the paymeats.ff
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<br /> �, � uader paragrapb 21 tlte Pmp�ty is acquire�l by Ixnder,Bormwei s right w airy insmanoe policies and p�reeds tes�ilting fmtn ��-,-
<br /> . .•.�:•r� damage to the P[Qperty prior to the acquisition sBall pass to l�euder m the extent of t6e sams s$care8 by tl�is Security Instc�ot �`.;��`'-
<br /> _� .�, . _ . immediatety Pnor to tl�e acqaisitiun. �-• ,
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<br /> ' 6.QacuFamcy,Preservattan,&983rrt�aa�e an�Pto4ectIon o!the Peoge�;Borrowei's I�aa ApplT�catton;I.easehmlds.
<br /> � �- BQrmwer shal!oaupy.establisb.and use the Pmperty as Borrower's prinsipal s�sdence within siaty days aftet the execatton of �s�s.-�
<br /> • this Seauity Instnunent aztd sball oonrim�e to ocwpy the Propeny as Bormwer's principal resideuoe for at[ea�t one year a8er �"��
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<br /> '• �:' the date of oc�cupancy.unl�l.ender otizerwise agc�es in wriw►g.wlach wasQnt shall not be an�easonabl with6etd,or aniess �'�
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<br /> ,. ' u°�'' extennating citwmstanoes exist which are beyoad Bo=rower's control. Borrowea slral! aot desuoy. dama8e or impair the ��.-.
<br /> ' - Froperty. allow the Pmperty co deteriorate. or oommii waste on the PropeRy. Borrower shall be in default if aay forfeiwt� �=��=:
<br /> ' • :h",:;� action or pmceeding,arh�her civil or criminal,is heg�that in Lender's go�faith judgment cou2d r�sutt in�forfeiture of the . ��
<br /> . � ' . . Property or otherwise materlally iu�pair the lien�ed 8y this Se�vr�tY Iaununeat or Leaider's se�ity iraerest.Bolrower may �
<br /> ' �, . • cure such a defanit and reins►ate.as provided in paragtaph 18.bI►c�siag the actioa or pro�eeding to be dismissed with a�g
<br /> ;.": . . t�t.iu I.ea�es's.gnod faith determina�on. preciade$forfeitur�efr.the Horrower's interest in the Praperty or other�1 =_-_-
<br /> ,,• ,• ,. impainnent of the liea c�eated by this Securiry Wstrument or I.ender's security inte�est. Borrower shall also 6e in defau�if _ _
<br /> � . Bm�uwe.�,durin�the loan appiicatioa pmaess.gave materiaUy false or inaa�.�information os statemeats to Lender(or fmled _—�
<br /> ' � - .;•�; to pmvide Ixader arith any material information)in caonnecdon wea�t�e loan evidenced by the Nate.inctading,but not limit�d __ -
<br />: � • � to.�eatatioas oonceming Borrower's ac�upancy of the Pr�gr�}as a princtpal resideaoe.�this Seauity Iranu�t is on a
<br /> ' � . � te�asettotd. Bon+nwer shatl aompty witb all the provisaas of tE��ease. If Borrower acquires fee ade to the Property. the . _.
<br /> . '. leasthold aad the fee tiQe sha11 not merge nntess Lea�w�sees m r'�x merger in�vriting. ---.,--
<br />. � 7.Pto2�3ton o8 Leoder's Rig4us in th�e F�o�.SB Bamowra fails to perform We oove�aats and a�.ts oontaiae�ia �.-.-
<br /> this Sec�uiry Iasavment.or there is a tegal praceeding that may significantIy affect Leader's rights in the Fxapaty(su,eh as a �
<br /> prnoeediag in baakmptcy.probate.for oondemnation or forfeiaue�r to enforce laws or regalations)then Leader may do and
<br /> ' • = pay for wbatever is neoessary to prptect the valus of the PmpeRy and I.euder s rights in the Propetty Irender's acaors rnay
<br /> . � ;° �� inctude paying any sua� secured by a tien which has priority over this Security I�trament. appearimg in oaut. F�aying ___
<br /> • , reasanable auomeys'fees and entering on the Property to ma�ce repairs.Although Lender may take artioa�mder tlus pazagraph =__
<br /> �°� . • = 7.Lender does aat i�ave to do so. �
<br /> , : ': •' My atnouats disbuzsed by Lender Under this parag�aph 7 shall beoome aaditional debt of Borrawer secared by this � -'-
<br /> Security Instrumeat. Unless BP7cawer and L.ender agcee to other terms of paymau.t�ese amounis shall bear inLerest from the � F-=-.
<br /> :� ��r: . date af disba�s�ct at the Naie rate and si�all be payable. cvith i�erest. upon aatice from Lender w Eoimaier reqaesting , --
<br /> � � . , payment. . �-
<br />_ . 8.Mort�e Insmaace.If Lender required mortgage iasurance as a oonditian of making the tuan secured by this Security -�,__
<br /> .' " • .� : �nstrume�t.8onower shall pay the premiums nequlred to maimain the mortgage insnrame in ef�e�. If. for aay reaton. ttte �_-
<br /> .. , � _:';5�;;,;.: ..,: mortgage insurdnae coYerage required by Lender lapses or ceases to be in effect.Bormwer shall pay the preminms reqnit+�i to �s.._
<br /> ' ���?''• obtain caverage substantially equivalcmt to the mortgage ins�usuee previously in effect,at a oost su6stanriafiy equivaleat to the �;__,
<br /> ;:• • ' .:� cost to Borrower of the rtiortgage insuranoe pteviously in efFed. fmm an ataxnate mortgage insurer ap�roved by 1renQer. If �:_
<br /> .;'• ' substaIItiaUy equivatem tYtortgage iawrance wverage is not availab2e.Bormwer shall pay to Lender each montb a sum equal to
<br /> . •�;i:l;s:: �. :' . �.'-:
<br /> . .4 . :`.�r,;�:', one-twelftb of the yearly mottgage insuranee premium being paid Dy Borrower when the insuranoe oovetage iapsed or oeased w
<br /> ,.`.:i' be in effect.Leader wlll awept.use and retain these payments as a toss resen+e in lien of �ortgage insuranoe. Loss �esetve -
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