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<br /> S� H�ra�! or Propeny Inwrance, Borrower shall keep the improvements now existing or hercafte1i t on
<br /> Pmperty insurcci rgxinct toss by firc, ha�rds includal within the term "extcr►cloci coverage" and any olher hozards, including
<br /> Itaxis or flcxxiinY,fur whici� Lender rcquires iruuranec. This insura�xe shull be maintained in the amount�+and for���e periods
<br /> �hat Lender rcyuircs. 'Phe imurunce carrier providing the InsurAnce shall t►e chosen by Fk�rrower subject to Leixier's�►pproval
<br /> which rhdl nex be unrcasoi�bly wiihheld. If&►rrawer f�ils to maintain caverage de.scrilxd at►ove, L,ender may, iu Lendtr's
<br /> option,obtain coveruge to protoct I.eixler's rights in the Property in accorJance with paragraph 7.
<br /> All insurance p��lfcies and rcnewAls shall be acceptable to l.erxler anci shall include a standard mortgage clause. I..ender
<br /> shAll Iwve tht right to huld�he policies and renewal�. If I,ender requines, Borrower shall promptly give to Len�ier all receipts of
<br /> peid promiums and rcnewal nwices.In the event of loss, Borrower shall give prompt notice to the insurance cerrier and l.encier.
<br /> I.rtKltr may nwke proof uf loss if not made pmmptly by Borr�wer.
<br /> Unlac Ltnder and Borrower othervvise agra in writing, insurance proceeds shall be applied to restoration or repair of the
<br /> Prc�erty dart►�gied,if the restnntion or repair is economically fwsible and Lender's ucurily ie not lessenai. If the restoration or
<br /> rrp�ir is not en�ramically f�asible or LenJer's security would be lessened, the insurance procceds shall be applied to the sums
<br /> socured by this Security Inslrument, whether or not then due, with eny excess paid to Borrower. If Borrower abandons thc
<br /> Propetty, or do�.�c not enswer within 3� ciays a notice from l.encler that the insurance carrier has offered to settle a claim, then
<br /> L.ender may collect the insurancx procoeds. L.ende� muy use the pnacoals ta rcpair or restoro the Property or to pay sums
<br /> socured by this Security Instniment,wh�ther or not then due.The 30-day perial will begin when the notico is given,
<br /> Unless Lerxkr and Borrower otherwise agroe in writing, any Application of proceods to principal sh�ll nat eatend or
<br /> postpone the duo dAte of the monthly payments rcferred to in paragraphs 1 and 2 or change the amount of the payments. If
<br /> under prragraph 21 the Property is acquin�d by Lender, Borrower's right ta any insurance policie.c and procecds resulting from
<br /> dRm�ge to the Prqxrty prior to the acyuisition shall pass to Lender to the eatent of the sums secured by this Security Instrument
<br /> immaii�ttly prior to the ucquisition.
<br /> f.Oa�up�ncy,Pre�erv�tloe�1�Wnteoance�nd Protatbn o[the Property; Borrower's Iw�An Applicndon;L.aeeholds.
<br /> Bormwe�shall occupy,establish,wnd use the Property ac Borrower's principal resit�eries within s�xty Jays after the exceution of
<br /> thi�Security Inswment and sFWI oontinue to occupy the Property as Borrower's principnl residenee for at least one year after
<br /> tl�e date of occup�ncy,unlesa L�ender otherwise sgrees in writing, whieh consent sh�ll not bt unrcnsonably withhcld,or unless
<br /> extenuating circumstances exist which are bcyond 8orrower's control. Borrower shall not q�:qtruy, damage or impeir th'e
<br /> Property, dlow the Propecty to deteriorate, or commit w�ate on the Prqxrty. Aorrower shall be in default if any forfeiture
<br /> �ction or proctedin�, whether civil or criminall, is begun that in Lender's good faith judgma�t�uld result in forfeitun oE the
<br /> Property or dherwise mNeritlly impeir the lien crcated by this Socurity Itutcument or Lendec'a securitv interest. Borrower m�v
<br /> curo wch�dehWt�nd rei:W�te,ss provided in p�ngrsph IB, by causing the action or procading�c�be dismissad with n�uling
<br /> that. in L,rnder'a �ood fdth determination, precludes forfeitun of the Borrower's iritar�sst in.the Prc�perty;c�r;other m�teci�l
<br /> iaip�irment of lhe lion cr�aUed by this Saurity Instrument or I.ender's securiry interrst. Bortdwct sh�ll aleo be i�defiwlt if
<br /> Borrower,durin�the lan�ppliation pr+ocats,gave m�terially false or inaccumte infornution at dtatemenls to Leeder(or f�iled
<br /> w provide Lender with�ny m�terial information)in connectian with the•loan evidenad 6y the Note,including, but not limitod
<br /> w, rcpre�enWtions c�ccminj Horrower':s uocupanc,y of the Property as.a principal rcsidence. If this Security Inatrumrnt ia on'�i
<br /> lerelwW, Borrower slwll oomply with tll the provisions of the le��e. If Borrower acquires �fa title to the Property, the
<br /> Ia�e1�oW atd the fee titk sMll not�e unless l�ender agras to the mer�er in writing.
<br /> 7.�t�e K Lander's RiRhb in tbe Property.It Borrower fiuls to perform th�mv�runts and agc+eemenq oontained in
<br /> thit Security I�utrwnent, or there is�legd procroeding that may significantly�fTect Lender's righta in the Property (auch u�
<br /> prooeedin�in b�nktuptcy. probrte, tor ootwlemrwti�n or forfeiturc or to enfura laws or rcgul�tiara), then I.ender may do ond
<br /> p�y fot wh�tever ii�eoetsuy to protati the value of the Property �nd Lender's ri�hts in the Aropaty. L.eida�'��ctione m�y
<br /> inelude p�yin� any sw� �ecured by � lie� which has�priority over thia Security°I»strument, eppe�ring in .eourt, paYing
<br /> neron�bk�ttomey�' faa and eixerin�on the PropeRy to m�ke rep�in. Although L,ender rnay uke sction�udex�.t6is paragraQh
<br /> 7. L,et�der aoa no1 have W cb so.
<br /> My amounts diabuned by I.ader under this peragnph 7 slWl become additio�ul debt �f Borrower secured by t�iic •
<br /> Secudty Lutrumau. Unlest 9orrower�uid I..ender agra ta other ternu of payment,these amounts shall bur inta^est from Sh�
<br /> date of dialx�nemak at the Ncxe rate and shatl be p�yable, with intcrest, upon ratice from Lender to Horrowe� roquesting
<br /> P�Y�.
<br /> a.Mort�e L�rsea. If L,rnder requirod mongage insuranoe a.�a rnndition of m�king the lan savred by this Security
<br /> Imtrument. Borrower �hall pay the premiums roquirod to mainUan the mong�ge inaurance in effect. If, fcx rny reasoa, the
<br /> mortsa�e inwnnce oovaage roquirod by L.cnder lapees or aases to be in effect, Borrower stull pay the premiums roquirod 30
<br /> obqin ouvera�e aubetamfdly oquivdrnt.to tho mortgage inwranoe previously in efYect, at a cast:subatantially e�ulvalent ta�.ti�y
<br /> ooet to 8orrower of the mort�nge inwrance proviously in effect, from an rltertunte morigage i�usurer spprovod by Lender. If
<br /> wbnuntWly equivdent mortpge insurance oovera�te is nc�t�vailable,Bornower sha11 pay m C.ender each month a sum equal,to
<br /> ano-twdflh of�he yeuly mortg�e insuranoe pnmium being paid by Bomower whcn the insur�u�ce coverage I�p�ad or cased to
<br /> be in effect. Lender will�aYpt. uae an�1 rctain thex payments as a loss �reserve in lia of mo�tg�ge insurance. Losa r+qeryt.
<br /> ►am]020 9/!0
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