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' S. ll�tsud a' ProPerty ia�urance. 8orrower ah�ll kap the lmpmvement� �ow exiatin��fr'here��t�'S1�ihe
<br /> Property insurod al4inst la�by flre, huarda inc!udai within the term "extended cover��e"�nd any other h�z�M�. including
<br /> nooa,or nooau��, �or which Lrnder requira iruur�nce,Thia iruuru�ce sh�ll Ee m�lnt�lnod in the unounu And far the perioda
<br /> ►h�t Laader requira. The insuru�ce carrier providin�the iniurru�ce rhtll be choKn by Borrower subJect to L,ender'i�pproval
<br /> which�hill not bc unrearonab�y wjthheld. If Borrower f�lla to malntdn coveraQe described above, Lender may, at Lender's
<br /> opNoa,oMun rover�qe to prntect L,ender's ri�hu in the Property i��ccordan�e W�th pu�raph 7.
<br /> All lasuruice policia nnd renewafs �hsll be Nccepuble to L.ender and shall include a etandard mongago clauae, f.ender
<br /> shall have�he tlQht to l�old tlio policiea��d rcnewata, If l.ender require�, Bc�rrower sF�all promptly Qlve to Ixnder�ll receipta of
<br /> p�id prcmium�uxi renewal notica, In the event of loss,�orrower shul give prompt notice to the Insur�nce carrier and l.endcr.
<br /> Lender tr�y mdce proof of lou if not m�de promptly by Borrower.
<br /> Un1eu Lender aod Batrower atherwlee a�ra in writiag,insurance proceedi�hul be a�pplied to restor�don or tepalr of the
<br /> Prnperty d+msged,if the ratoruion or rep�tr ie oconomic�lly feuible u�d L,ender'�security is not l�ssened.if the restoruion or
<br /> repair ls not awnomlcally feasible or I.ender'a security would be lesaened� the insurAnce procxds shall be�pplled to the sums
<br /> eecured by thia Sec�uity Instiument, whether or not then due, wlth my exctss ptid to Bonower. If Borrower absu�dons the
<br /> P��petty,o�daes not anawrr within 30 day�a notice from Lender thu the insuruice carrler has offered to aettle a cldm, thrn
<br /> I.ender�y collect the in�uru�ce pracad�, L,ender may use the proceeds to npair or reaton the Property or to p�y sums
<br /> �ecuured by this Sa.�urity Insuumeut,whether or not then due.'I'he 30-dty pedod wUl begin when the notice is given.
<br /> UWp� Lrnder and Borrower otherwlse agree in wdting, �ny appliution of proceeds to princlp�l shall not extead or
<br /> postpooa the due date of thc monthly paymeats roferred to in par�grapds 1 anct 2 or ch�nge the u�wunt of the paymen�.If uncler
<br /> p�r��rt�21 tbe Propecty is acquirod by I,ender, Barrower'a dght to any insurunce�)iciea �nd proceeds raultin� from
<br /> damage ta tha Pmperty prlor to the acquisition sh�ll pase ro Lender to the extent of s'ho sums secured by this Secudty In�trumrnt
<br /> imenediately prlor to We�cquisition.
<br /> 6.Qa��Arcy,Praei�atbn,Malatenance�nd Protection of the PropertY;B»tit�oNer'e La�a Applip�tlan;LeaKLoldr.
<br /> .Ba,txo�r shril]oucupY.atabliah,uid we the Property.�s Borrower'a princip�l resid�nce withiu ii�cty day�a}tar the executioa of
<br /> : this Securlry'Inaiumrat u►d ahall contlnue to accupy the Properry aa Borrower's pr�ncip�l reiideaa for at lanst nne yeu after
<br /> ' ►�P•due t�f oactq�Cy. ualeas l.ender otherwlu�roee in writiu�,which oonreat shu"11 not be unre�tonably withheld. or unla�
<br /> extwwtirig ciceuinttu�ces eaist which ue beyond Borrower'� oonuoL Horrower thall not dexuoy� d+�ie or imp�ir We
<br /> Pcopaty. �low the Propaty to deteriorate, or conupit w�ate op tbe Propeety. Borrower shdl be in de[�ult if any fodeiture
<br /> �ctian or proceedinQ,whether civll or criminu, ia begun that in I.ender�i good fiuth Jud�nroeat oould rault in farfeituee of the
<br /> P�opaty or otfxnviu muerially impair the tien ccsatat by tbli Security 1aatNment or L.p�der'i aecurity interest.Borrower m�y
<br /> �� ��f����+�.�Pro���d�patagrsph 18,by cauain�the�ction or proceafinR to be dismlued with a n,iino
<br /> :�:t. �a:-�+G�ti�u�xi iaiw ua�nnina�ion; reclutlae for[eiture of the Borcower i (aterd�t in the
<br /> ' Propeny or otber materiril
<br /> itapaitmeat of �de lita ctr,�ted by,thia 5ccut�4Y insttutnent or Lender's�ecuriry fnteresst,gorrower ab�all alw be in defiult if
<br /> Borrower,durine tbe lwn application ptace,as,;ave rru�ted�lly f�lse or In�ecunte informulpn or at�temeau w I�ender(or fujlcil
<br /> w Provide Ladiicr wlth any m�teriu informuion)ln coiulectfon with the loaa evida�ced by trie'Note,inclad�.but not limlted
<br /> �, nP►e�e�u!Ht�t�oernin6 Bornower's oceup�ncy of the Propecty as e principal resideaoe. If thi�Security Iasuument i�on�
<br /> laeebold. Bprx�oMer �hall conoply with all the provldom of the leate. If Borrowu aoquina fce tide to the Prope�ty, ihe
<br /> ka.d�nlA �•cht fee tide�hall not merge unlaa I.wder:��ss to tbe ma�er le wrid�.
<br /> 7.P�roGe�tios ot I.eadcr'�Rt�6ts in tbe A+ope�tr.It Bor[ower f�ili to paform the coven�nt��nd�eatc oont�ined in
<br /> tbis Seairity Inunimait. ar tha�e u a le�al pt�ooee�.in�W�t maY ut��vY�t L,rnder'�ri�hu fn the Pmperry(such aa a
<br /> Pmcoodini In b�olc�upu.y,prnbate, far oond�cnnation or focfelture or to eaforce l�or n�ul�tion�), thea l,ead�r may�O�md
<br /> pry tor�.hteva la neoe�ary to protect the v�lue of t6e Property aod L'ada's rit6u ln tbe Property. I.ender'�acxioo� may
<br /> lnclude Mq'ipR eY wm� ieaind by a liep which hu priority ovcr this Sxuriry Inuuutaau� �ppearin� in oouct, WY»3
<br /> raroo�ble wtotiays'fea�md rnurin�on tho Property to make n�uirt.Althou�hh Leader may Wce�ction uader thi�par�taph
<br /> 7�L.eader does aot luve to.do eo. ' .
<br /> Ary +mountt diibtu�ed'by L�iec iinder th3s p�ragr�ph 7 shall beoome add�tiorul debt ot Borrower �ecutod by thii
<br /> Soauiry Inacummt. UNaa�Hprrower u�d I.euder ssree w other terms of paymeut, the,�e.�fr�ounte thW ben Loterat frum the
<br /> d�te ot dii6ursement u the Nota r�te and shap be payable, with �iterpt. upori twtice finm I.�nder to HaroMer requesttn,�
<br /> P�Y�, . . . —
<br /> S.Mal�!�IICl.If j.i�El'fEQUIiCd IDORj�C IOfqP�I1CC L�COOdtt�Z1A Qf I�IIIa(bC lOf�lONfCd�fbli SECI�IIty
<br /> �' 3nstrummt.Borro�ver ihall��Y the Pnmiumt re4uired to m�intain the n�t�e insuranoe ln et[ax. If� for aqy iea�on, tbe
<br /> ��;�mbtt�e inaranoe oov�e req5�irrd b5''I.ender l�pia or ceaees to be in eftat, Borrower shall p�y t6e premiunu requlrod to
<br /> obain oover�e absantially equivaleni to:the mort�e iiuuranx pre�r��y����,;����ly equiv�laat to tho
<br /> ,cat ta,B�rrower of the morta�ge fnsurance pn:viotuly in effect, from w alternate mort��e insui+er approvod by I.eader. If
<br /> �ub�taotW ly equiv�lax mo�x.g�ge inswranot eoven�e i:not tvailable. &ttrowa ah�ll pry w L.ender eacb monW a sum equat to
<br /> u�-trvelttd of ihe yeuly mortg�e insur�noc prcmium bein�paid by gorrower wheu the inturanx oover�e l�p�ed or oe+ued w
<br /> be in etfa:t.l,enda will aactpt,we aqd r�tain thex p�yme�w� n lou nserve in lieu of mortga�e in�urwoe. Lws rperve
<br /> �-�MMEI n:��i.o� �, Fam Jo2� YHO
<br /> ►p.aa• A�
<br /> . �wwr:�lf[�
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