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<br /> S, ►i��nrd or Proper�ty Inwnnce. Borrower ah+lt kxp the improvements now existing on c�rcafter er�cted on the
<br /> ProNeny Insured�{ain�t lou by (ire, hu.�rds includod within the term "extendrd coverage" and any other hacards, including
<br /> 8uods or Aoadin�, for which l.ender requires ineur�nca Thl�inaur�,nce ahall be maintained in the amount�u►d for che period�
<br /> th��l,etxkr nqulrca. Tht imur�na curier provlding tne insuru►ce ehell be chosen by Borrower subJect to l.ender's epp�oval�
<br /> which �h�l not be unreaion�bly withheld. If Borrower fsil�to maint�in coverAge describod �bovo, Lender rn�y, at L.ender's�
<br /> opilon,obt�oin covera�e to protxt l.ender's right�in the Property In accordu�ce with puagrAph 7, �
<br /> All insurance policies �nd renewd• sh�ll be�cceptable to Lender and sh�ll include a standard mortg�ge clause. l.end�}i
<br /> ah�ll h�ve the N�ht co hald ihe policies uut renewel�. If[.ender requires, 8orrower sh�ll promptly give to I.ender all receipts ot}�►
<br /> p�id premiumi and renewd notice�. in the event of Iosa,Borrower shall give prompt notice to the i��urance carrier and Lender.
<br /> I..ender rnay make proof oP lncc if nnt m;dc promptly by Bonower.
<br /> Unlas Under md Borrower otherwise aQca in writing,insurance proceeds shall be epplied to restasuion or repair of the
<br /> Property damt�od, if the rataralion or rcp�lr is economlcailly feufble and Lcnder's security is not lessened.If the restoration or
<br /> rep�ir i�not economically fwible or Lender's socurity would be lesaened,the insuran+:e proceeds shall be�ppliod to the sums
<br /> aaured hy thia Secutity Instrumrnt, whether or not then due. with any excess paid to Borrower. If Borrower abandons the
<br /> Prop�rty,�r doea nat�nswer within 30 days a notice from Lender thet ehe lnsurance carrier hu offeted tu aettle a cfaim,then
<br /> Lender tnxy collxt the inauran� procacis. Lender may uu the proceeds to repair or restore the Propeny or to pay sums
<br /> aecured by thii Socurity inttrument.whetl�er or not then due.The 30-dny period will begin when the notice Is given.
<br /> Unless Lendcr ru►d Botrower otherwise agree in writing, �ny �pplication of proceods to principal shall not extend or
<br /> postpone the due date of the mondily payments nfernd to in puagrAphs 1 u�d 2 or change the amouiit of the payments. If
<br /> wider}wugnph 21 the Property is acquiral by Lcnder,Borrower's dght to any insuru►ce policles and proceeds resulting from
<br /> d�m�ge ro the Propeety prior to the acquisition sh�ll patis to Lender to the extent of the sums secured by this Securiry Instrucnent
<br /> imu�edixely prior to the�cquiaidon.
<br /> 6,Occupapcy, Preservation,M�intenance and Protation of the Properl.y;Borrnwer's Loon Applkation; I.ea�holds.
<br /> Bomower sh�l occupy. atablieh,pnd uae the Property u Borcower's pdncipal residence within sixty days Jier the exccution of
<br /> t�is Security instrument iu►d shall continue to occupy Ihe ProE►erty u Borrawer's princip�l reaidrnce for �I Ieaat one yeu after
<br /> tbe date of oocupu�cy, wilas Lender othenviaa agrxs in writing, which consent shall not ix unreasonibly wilh.held,ar unless
<br /> exte.nuuing circumttufcq exist which are beyond Bomower's control. Borrower shall not destroy, d�mage or•�mpair the
<br /> Properry, allow the Property to deteriorue, or commit wute on the Property. BorroWxr shall be in defwlt if any forf�iture
<br /> action or proceeding,whethe�civil or crimin�l, ia begun thu in L.ender'a good f�ith judgment couid result in forfeiture of the
<br /> Properry or othmvise muerially impxir the lien createE by this Security Iiutrument or Lender's cecudry interest,Barruwer m�y•
<br /> aue such x defauit and ninstate,�s pmvided in puagnph l6. by cau�ing the acti�n or proceeding to be di�misud w[th a ruling
<br /> tfut, in I.eader's good futh determination, precludd forteitwe of the Bormwer's interest in the Propecry or other materi�l
<br /> impairmeat of the liea created by thia Socurity Inatrument or Lender's socurity Intercst. Borrower shall dao be in:defwlt if
<br /> lbmoaer. durin�[ne Ioan appticaiion piocens.gavc i.�tc�iW�r ;�1r�cr u►:N.ur-.i:,iaFarm:tion a:sis:e��t!� L�t!+'.l�r r��f�!ilkt ,
<br /> W provick Lender with�ny rt�uerial informatlon�in cau�ection with the lo�n evidencxd by the Not�,including,but not limited
<br /> w,reprqentuio�s conceming Bomower's occap�ncy of the Property ss A princip�l residaxx. If this Securiry Imtcument is on a
<br /> lwehold. Borrower s1Wl comply with �ll the proviiiona of the lwe. If Borrower acquira fee dtle �o the Property, the
<br /> laachold aod the fa title sh�ll not merge untess L,enda agrxs ta the mcrger in writing.
<br /> '7,proted{oio,ot Lender'�Rl�l�b in ihe Propa-ty.If Borrower fails to perform the oovenuita�u►d a�rxkments containod in
<br /> this Saurity Imtcumaut,or there ii a legal proceeding thu m�y significanfly affect Leader's dghu in the Fruwuy;a;::.". ^• !!
<br /> pr0000ding in b�nicniptry, prob�te, for conderon�tion or fodeiture or to anfoi.,r.lawa or reguluions),then Lender roay do�od
<br /> pry fa wZutever ia neauary to pmtxt the v�lue of the Prc�perty u�d I.ender'a rights in the Properry. Lendtr's actioas may
<br /> ixlude payin� u�y sums securod by a lien which lu�s priadty over thia Security Instruma�t. �ppeatiog in court. paYio�
<br /> �e�so�ble�ttoraey�'fas and entering oa the Property to maice repaira. Although I�eoder may ulce aetion w►der th9s paagr�ph
<br /> 7,l.ender does not hnve to do ao.
<br /> Any �mounr.s diabursed by Lender under this puagraph 7 shall become additiontl debt of BormrvGr recured by thi:
<br /> Securlty In�trumwt.Unlas Bocrower and L.ender agroe ta other terma of payment. thae amouncs aha11 bear interat from the
<br /> due o[disburxment st the Note rue and sh�ll be pxyable, wi[h interest, upon notia from L�ender ta Borrower requesting
<br /> ptyment.
<br /> S.Mart�qe lawrimee.If L,rnder cequired mo�tgagc Inaurance as a condidon of mikin�the Iwn starod by this Security
<br /> Gutrument,Horrower siull pry the premiuma nquirt� to maiatain tht mortgage inaur�noe in effect. if,f�r any rcawn, the
<br /> mort�e in�usnoe ooverage roquired by Lender lapsa ar oeasa to be in effxt, Borrower stWl pay the prcmiums required to��.
<br /> obtaia coversge�ubttantially cquivalent to the mortg�e inSUraoce previously in effect, at a cott subctaatWly equiv�lent to the��
<br /> oose to Boerower of the mortgage inaurar�ce previo►�uly in effect, from�n alternste roortgage fnsurtr approved try Le�der. If
<br /> wbsqntiAlly equtvalent mortgage insurance covemge i�not avaulable, Borcower ittall pay to Lender each month a aum oq�W to`•
<br /> one-twelfth of the yeuly mong�ge insurancc premiuin being p�id by Borrower when the inaurmct oovera{e lapsad or ce�ed to''�
<br /> be in etfoct.Lender will�ccept,use and retai�l these ptymrnta�a a loss reserve in lleu of mongago insutana. Losa reaecve
<br /> Porm�02t fN0
<br /> ��1111NE!u:�n�.o: �•o•�a� ���w.:_
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