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<br /> S. Hwrd a' �+oPerty Imrurance. Borrower xhall keep the improvements now exi�tln�ar�erea(kr e►�aY����
<br /> Pmp�*ty lewrod�aimrt bss by firc, huarda incladed wlthin the t�rm "extended coverayo" u�d �ny �r h�ardi, includin�
<br /> floods or Aoodina,for whkh Lender tbquires inwrance. Thie inauru�ce shall be mxlnt�fned in�he�rt�ounts u�d tar the periods
<br /> tlut l.ender requires, The Insunnce carrier providing the ineuranee aFudl be chouen by 8orrower aubject t� Lencier's �+pruvd
<br /> whkh eludl not be unre+�nsbly withh�ld. If Homower tali to mrintaln c�c�vera�e dwcribed �bnve, L,eafer mey,at l.ender'a
<br /> option,obain covera�e ta prr�tect Lender's right:in the Pmp�eny in�ccordance with par��r�ph 7.
<br /> All insurance polleiec:a»d r4new�lc clwll be �x,�eptable to Lender u�d eh�tli inelude�uand��d mortQage cl�ux. Lender
<br /> shali have the right to dold the policiea�nd renewds.If LerKkr roquirca,Bormwer rhpll prompliy glve to Lender all raeipta of
<br /> poid pmniums ond renew�l��otfaa,In the event of loss, Hc�rrower ahall Qiva prompt rwtice to the insurance carrier u�d I.erKkr.
<br /> Lerder may makc proof of bsa if not made pnxriptly by Borrower.
<br /> Unless Laxier ard Bomower otherwiae agroe in writin�,insur�ncx proceeds shall be applied to�estorAtian or ropair of the
<br /> Property dameged,if the ratontion or rep�ir ia econc�mically featible and l.ender'�security is rat leseened, if tht reatoruion or
<br /> repeir is not oconomically feaaible or Lender's security would be leuened, the insuru�ce procoeda shatl be applied to the suma
<br /> ae�+►'ed bY th�a Suuri►y Irotrument, whether or not fhen due, with any caeesa ppd to Borrower. If Borrower ab�ndons the
<br /> Property, or does not u�swer wi�hin 30 days a notice from Lender that the ineurarke carrier has oftered to settle a claim, tt�en
<br /> Lender rtu�y collect the inwrance proceeds. Lender may use Ihe procaeds to repair or rcatore the Property or to pay suma
<br /> securod by thia Security Irwrument,whether or rat then due. The 30-day peri.od will b�gin when the notia is given.
<br /> Unless Lender and Borrower otherwise agrce in writin8, anY �pplicrttion of procoeds to principrl stwll not extend or
<br /> postpune the due d�te of tAe monthly p�ymente refemed to in puagraphe 1 u�d 2 or chenge the amount of the p�ymenta. If
<br /> under p�ragr�ph 21 the i'roperry is�cquircd by Lender, Bomower's right to any iruu�xnpc policles and prooeeds c+ewltin�from
<br /> damie to the Property priar ta the�cquiaition stull p�ss to i.enler to the extent of the sume aecured by thia Socurity Instrument • '
<br /> irnmedtately prior to the s�cquisitba.
<br /> +;f,:0ocup�m,y,Prnen�tion,'Mxlatemance xnd Pnotectilaa ot tl�e Prope�ty;Ibrrow�r's Lu�n Applkatlon;I;c�sdMlds. ., ,
<br /> • Boriawer�II ciccupy,esqbli�ih,'and ase the 1'roperty as A�,i-rower's princjpal rrxidcn�e within sizty days After the�.�ecvtion of.;. ..
<br /> • •�hia.Se�urlty Instcument and stull oontinue io accupy the Arciperiy as Harnflw�r's printipal rcaidenoe for tt least o�ie yepr after.:',, �.
<br /> ,. � the A�{e of oocr�anay.unlesa Lpider otherwisc a�ras in aritin�t,rvhich con�nt shel! not be unrwsorwbly withheld,ar unless :.','�,1
<br /> exee,�uA'ting cincu�tanoes ezist which are bey.ontl pomnwrr's.�phtxa�, gpr�w,er shall not destray, dunage or:impur fhe•.
<br /> . Praperity;albw,tbe Prope�ty to detuiorate;'or ca►nmit w�stc on the �roperty. Horrower shall be ln defwlt if rany fdrf�iture ..
<br /> , �ction or procee�ng: wbether rivil or crimina{. is begun that in Lendcr's good faith judgment oodld result in forfaturo of the •'
<br /> Propaty or athuwise hute�l ly impvir the lien created by this Socurity Instrument or I.ender's aecurity inter+est.�orrowet tmv
<br /> ru.�:L:.h:�i'�a:ti:rwi rei�irrae,�s providod in puagnpn 1li. by cawing the actlon or proceedin6 to be dismissed with�rulin�
<br /> that,in I.endcr'� gaod faid�dqpininatfon, proclude� forfeiture of the Borr,ower's interesc in �he Propeny or other nMterw
<br /> imp�irtnrnt of t6e lien rne�ed by this Securily Instrumrnt ar Lender's �ewrity 'snta+est. Bornnwer ihall dso be ia detwlt it
<br /> Borrorva,dwiu�the lan �ppliation prooes�,gave mueridly fdae or inwcunte infonn�don or statpneiW co ienckr(or fvlmd
<br /> (0 DIDV�d!Calde�with mv msM�rfwl infn�,...ti�l i�evwnwyin��ui►1��M IMn �rid..w��J�ti�UM� i,,,.�,,,�in�.������Q
<br /> to• r�pnaa�t�lons o�cunin� Bomower':oocup�ncy of the Property ts a prfncipal raideaae. (f thla Security lnhuma�t i�04•
<br /> ba�dwld. Horrower dWl comply with �II the provi�ioru of the lase. If Borrower acquinrs fee NUe 10 tbe Praperty the
<br /> I�+�eMld wd the fa titk slrll not mer�e unk�L,ender�roes to thc mer�er in wrltin�. �
<br /> 1. tta�etbu of I.esder's Rl�b�f►e P�bprtr.If Borrower fail�ta paform the ooveryrri and a�reemed�oontained in
<br /> thls Security In�trwoent,or dreie is a lepl procealln�that may si�niffantly �R'at I.etder's riRhu in the Prnp�t7(wcb�r a
<br /> � P�d��t�� ���. prot�Me. for oondemrntion or torfeiture or to eaforoe law�or�egulations).then I.a�der mh,do and
<br /> pt+otect the valuo of the PropMy and La�Aer': rights in the Pr�opaty. I.eoder't ac6oa�m�y
<br /> ie�cltde p�ylnj +ny wme bcu�ed by a lien which haa priority ova thic Sxurity Ineuvmnt, appearins in uomt, ph,i�
<br /> rcrtonable�twrnry�'fea aid�nlerin�on the Property to moke ropairs. Allhnush Laider m�y take actioa unda thh p�rKnpb
<br /> 7.L�enda doa mt hwe w do so.
<br /> Auy amounts disburaed by L.erder under thia wr�gn�ph 7 ahrll become additioml debt of Borrower �ewned by t�.
<br /> Sec,vrity ltatrument. Unlqcs Borrowa and I.ender agree to other terms of paymrnt,these amounta shdl beac inerr�t ftom tbe
<br /> datt of di�burserr�eru at thc Note tate and �11 be p�ysble, :with in�erest, upon notice ftom L.e�der tc� Borro�ver reqoad�
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<br /> 6. Mert�a�e Iew�rnaoe,If Leader roquired mottgage inaurarke rs a cadition of rmkin�the loan aecurod by dw Savrity
<br /> �• ��� �1 P�3�� p�'��nros�r+eguirod to msimain the mortg�ge inauranoe in effecx. If. for my re�son, the
<br /> mortp�e inwr�nce wverage required by Lender lapaes or aases to be in effect,Borrower s6�ll p�y the prtmiumt requirod W
<br /> obta�in ooveca�e wb�uuxi�l ly equiv�p�t to the mongage inaurana previoualy in effect,,at a ooat wbatmtidly equivalpu w tl�e
<br /> oost w Bort�owa of the mongage inwranoe previously in et1'ect. from an altea�r�te iaortgage insuia approved by Leuder. It
<br /> wbst�ntially a�uivalent mort6age insurpnoe coverage is not available,Borrower ahall pay to L.�ndcr dd�month�sum eq�1� '
<br /> oae-tMeltth of the yearly mortgase ineuranoe pnetnium being paid by Borrower when the insurana covusge 4y�aod a cea�a�d w
<br /> - be In effect. L.ender will�ccept, ux and reuin tf�e peyments as a loas reserve in lieu of morigage inwru�ee. L,aes reurve
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