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<br /> ' � 98� �so�ss
<br /> S• IIR�ard or Property In�ur�nce. Borrower ah�ll tecp ►he improvements now eaistin� ar hercpfter erccial on the
<br /> P��►erty inaured again�t lo:s by fire, h�xarda included within the term "ex�ended covtrage' �nd Any other huarda,including
<br /> floods or flaoding, for which Lender requires insurenca'['his i�surance sh�ll be muintoined in the amounts and for ihe periode
<br /> th�t L.ender requiros. Th� insur�nco eurier providing the in�urance shdl be chosen by Borrower subject to L.en.cier's xpprov�l
<br /> which sh�ll not ba unrcuonably withheld. If Borrower fail�to m�intain cov�rage described abnve, Lendcr mny. u Lcnder'�
<br /> optlon, oMain oovtr��e to protect I.ender'�rights in the Property in accordpnce with puagraph 7.
<br /> A�I Insuru�ce poNcia u�d renew�ls shdl be�ccspt�blo to Lender u�d sh�ll include a stu�dud manQage cl�ux. Lender
<br /> shall have the right to hold the policles �nd renewals. If I.ender rcquire�, Borrower shall promptly give to L.ender all rtceipts of
<br /> - pa{d premlums and rencwal►wtices, (n the event of lo:s,Bormwer shell givt prompt notice to the insurance curier ind i.,encler.
<br /> I.ender r�uy m�ke proof of lou if not rrudo promptly by Borrower,
<br /> Unla� Lender and Borrowa otherwiu�gnx in wdting,i�surance proceeds shall be applfed to rcstoratian or repair of the
<br /> Property dimy{ed,if the rator�tion or rep�ir is economlcally fe�uible ond Lensler'�security is not lesxnod. If the reatorstlon or
<br /> rcpair is not economially fwtible or L,ender'a securtry would be leasened, the insur�nce proceeds sh�ll be appllod �o the sunu
<br /> secured by this Security Instrument, whether or not then due. wlth any eacess paid to Borrower. !f Borrower abuidons the
<br /> Property,or das not u�swer within 30 daya�notice fmm Lrnder th�t the insur�nce curier hts offerod to settle a cl�im,than
<br /> L'�� �+y CO��a� �� �nw�u�e Procxeds• Lende� m�y use the proaeds to repair or rcsrorc the Property or to pay sums
<br /> secured by thi�Securiry Inateument,whether or not then due.The 30-day pedod will beain when the ratice is givrn.
<br /> Unlas I.ender u�d Borrower otherwiae agrco in writing, �ny �pplicuion of proceeds to principal sh�U nat extend or
<br /> poatpone the due date of the mon�hly payments rcferred to in puagr�phs 1 a�d 2 or change the unount of the p�yrt�nt:. If
<br /> under pu�raph 21 the Property is ocquired by Lender,Borrower':right to�ny insur�nce policiea and proceed�resulting From
<br /> dam�ge to the Property prior to the scquisition ahdl pasa to Lender t4 the axtrnt of the sums secured by thia Security Inst�vment
<br /> immediately prlor to the acquisition.
<br /> 6. Oscupocy►Pr+e�ervatioo�M�Intawnce uW Ptatacllon ol tbe Propa�ty;Borrower's La�a Appllatlon; I.a�ehold�.
<br /> Bomower shall occupy,est�bliah,and use the Properry as Borrov�reYs princip�l resid�na within siaty days after the exxution of
<br /> this Security Inctrumsnt�nd shall continue to occupy the Property as Bom�wer's principat reeidrnce for at lwt one year�Hter
<br /> the due of occupu�cy,unlaa L,ender othecwise agrxa in wridng,which¢onxnt shall not be unre�so;�ably withheld,or unless
<br /> extenw�tia� circumctanas exiat whkh ue beyoad Borrower's control. Eiorrowe� aball not deatroy. dama�e o� impair the
<br /> �'v4�nY� ��oW� Pro{xrty to deterionte, or comrnit a�uaie on the Property. Borrower ahalf be ia default if au►y forfeiture
<br /> actMn or prncoedin&. whether civll or crimin�l, ia begun that in Leneler's good f�ith judgrtxnt oould tesult in forfeiture of tLe
<br /> Property or othenviu mueri�lly imp�ir the lim creatod by th�Security Inatrument or Crnder'a securiry tuttrcst. Borrow�r may
<br /> cure such�d�f�ult and reinstue,u provided in paragraph 1!1,by causing the oction or proceeding to be dismisKd with a rulin�
<br /> that, in I.ender's good fxith daermjnation, prxludea forteinue of the Borrowrr's uxere�t in the Property or other�nateri�l
<br /> iuyiiuuicui vi iix lien cc�eatpi-'vy thia �etucity Instrumen[ a i.ender's secudty interest. gorrower sh�ll �lao be in default it
<br /> Botrower�durinj tiK lan applicalion praass,gxve materially falu or inaccurue iufomution or stucmatts to L,ender(or f�iled
<br /> to provide Lender with�rty matedal inform�otion)in oonrbction with the lwin evidenced by the Note, including,but not limitad
<br /> to. repraanationa concemin`Borrower's occupancy of tliee property as i pr�bcipal trsidrnce. If this Securiry Inwument ia on�
<br /> leaeeiwld, Bonower aLall comply with �II the provisiaa� ot the lease. If Borro+ver ecquires fa title to it� P.00perty, the
<br /> lea�ehold iod the fa tide ahaU not merae unlesa L,erder a�ms to the merger in writinp.
<br /> 9.Protectior a[I�ender's 1tigMs in tie Pr�phty.ifHarower fidls w pertbcm the coverunts�nd a�ramaui contaned in
<br /> thia Securiry I�uhument. or there is z 1es�1 ptoeeoding th�t roiy significantly�ffect Laider'�dghu in the P�opeety (qich� a
<br /> P���i� �n�Wcy. prob�ta.,for condemnuion or forfatun a to enforoe lnva or�aulations). then Lpder m�y do utid
<br /> pay fa wh�tever ii neoeasary ro protxt tbe v�lue of the Pruperty u�d Leada's righa ia the Property. L.emler'a �aioas may
<br /> �lude P�'1a8 +ny sunts socuied by a lien which h� priarity ova thi� Security In�tnunent, �ppeuir� in oourt, paying
<br /> rea�ooable�ttonrey�' faa and entering on the Properry to mate r+�ira.Although I,endor m�y take action under thia paagr�ph
<br /> 7. La�der doea not have to do�.
<br /> Any naouats diibursed by C.wder uader this pangraiph 7 �hall beoome sdditiooal debt of Borrower xcut,�d by this
<br /> Securiry ln�tturowt. Unlesa Borrowa and C,ender agroe to aEer term�of payment, thae �mounu sh�ll bar interest�bm the
<br /> date o�'di�bursement st the Note nue and �2ui11 be p�y�blt,with interp=� upon notioe fmm L,ender to Borrower requesling
<br /> paymenit.
<br /> 8. Mortp�e Inwrauce. If Lendcr nquirod mortgage iruurauoe as a oondition of milcing the lorm socurcd by thii Secudty
<br /> lastrument,Borrower �11 pay the p�emium�requirod to rnintain the mortg�ge insurmce in eNect. If, for any requsa.the
<br /> ma�tt�e imuranoe covenge roquired by Lender iapses or ce�a to be in effect. Borrowec sh�ll pay the premiums requirod to
<br /> dKalq�.00va�ge wb:and�lly egeivaleat to the mo�t��ge iasurmce pravioualy in etTxt;al�a c�t eubst�ntially equiv�lent to�he
<br /> co�t.10 Borrower of the roortgage inarance pceviowly in ettat. from u� altemate niortgage inaurer�pproved by Lrnd�r. If
<br /> suMGmtially equivalau mortgage insurmoe oovengt ia not avdlabie, �W�,�,�i w,r co r.,�a���,cn,,,00c�,�„m o�t„i o�
<br /> one-twelRh of the p�drly mortg�ge insurance pramium bein6 p�id by BwYOwrer whcn the insur�nce oovenge lapse,d or aased t�
<br /> _ be in effxt.Len�ler will�ccept, use and retain these payments a a loss re3erve in lieu of mortgage imuruxx. L.oss reaerve
<br /> . F«m 3ott sno
<br /> ��BRINEI n�iz�.oa r�ao w� •
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