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<br /> s� ��rd o� property in�ur�nce. &>m�wer shali keep th! imprc��ements nuw exix�ing n�ll�i'eaNi1O���
<br /> Pcopeny inrured �altu�l I��hy fire, h+w►n1s i�xluded within nc�term "ex�encfed coverege" wnd +�ny Mher hrwrcla, includin{
<br /> tic�da ar Itaxiin�, fnr which l.ernfer requiree inYUrence. Thi�insunnce shill he rruintainai in t?►�anx�unl��ux1 for the pericxl�
<br /> �hw� l,erwkr roqu{re�, The Inxun�nce curler providing the in�ur�nce Klul! be chcr.�en bY Ebrmwer SubJrct to l.enckr's appmval
<br /> which rh�ll ncx be u�rcu*cm�bly withheld. If Bartc�wer hils lo m�inuin cuvenga descrihai wb�►ve, I.cnJer m++y, wt l.ender's
<br /> op1Mn.aMain coven�{e tu pmtect l.ender'R d�h�e in the Property in rc�r��nl�nce with pYra�r;�ph 7.
<br /> All Inxunnce {x�licies rnd rcnewai� !ch�ll he s�.�cep�pble tn Le�der�nd sh�ll includt a �uu►drrd moNg�e c1auK. l.ender
<br /> sh�11 hNVe the risht to hold tbe policien+uxl rc��w�lti. 1F I.�iiS�:r rvyuices, Borrowcr shaU promptly�ive in l,en�ier all rocciptR of
<br /> p�W prem{urrai�nd ronewd ixilica.In Ihe event of lors, Elorrr�we��II give pmmpt na�ic�to Ihe insurance carrier and l.erKkr.
<br /> (,ender nuy tnake proof at I�x if ncx m�de promptly by Barmwer.
<br /> U��(,���and pomawe�dherwisre�groe in writin�,ituurance pmceals ahrll I+e applied to rextorrlion or repwir of the
<br /> prc�penY darnqed, if the ratarndon or rep�ir is ernnomip�lly fcnible uxi Lender's securiry i�not IcsKnaf.If the restoraliun or
<br /> repair in nc�t ecoix�mically faaible or I..ernier's xcurity would be lexsenexl,!he insurnnee pnxeecix sh�ll t►e applied to the surm
<br /> �ecured by thfs Security [nWrument, whelikr nr ix,t the�due, with any excess peid to F�►rmwer. If Borrower rbuxi��i►s tlx
<br /> prnpeMy,or daes not wswer within 30 ciaya� txwice from Lender Ilt�t the insurnnce c�nier hu offeral to aeltle a claim,then
<br /> � �y W�� � ���,.� ��Ji, (,C�� tt�y use �he procoeds to rcp�ir or restore the Property or to puy sums
<br /> ��by���ry I��q.��a��due.'1'he 3p.d�y period will be�in when the nociae ia�iven.
<br /> u��u I,ender �nd Borrower dhervvire qroe in writin�, mY �pplicatiort of prooeeds to pdncipal siWl not ext�d a
<br /> poupone the due date of tAe monthlY p�ymenta refemod to in p�uagnphs l �nd 2 or chanRc ths arnount of the pyma�s. If
<br /> under put�trnph 21 the Property is�cquired by l.ender. Bomower's ri�ht to any insunuwe policiea �nd proceed:resuUir�f►+om
<br /> drrtu�e to the Property prior to the acyuisition shall prss tu L.ender to tha exter�t nf tl►e sums securrd by this Sa�e:�ity lnstn�ment
<br /> i�unedia�ely prior to the�cquisition.
<br /> f. Oocup�ncy,Preserv�tlon� IN�IMewnce snd Protectlon ot the Property;Barrower'a l.am Applkstion; [.crel�old�.
<br /> �������,�������uae the property�s Borrowe�'s principrl rcsidence within sixty days aRer the execu�ion of
<br /> Ihis Secvdty lrWrument and sFull ��ontinue to occupy 1he Propeny a�Borte�wer's principal rcsidence for�t la�t one yeu Rfta
<br /> d�e dMe ot oa.�up�ncy.unlas �xnder dheM'ise a�ras in writin�, which rnnsent shal9 not be unreasonably withheld,or unlds
<br /> Gcte�►in� circumstanoea exiu which are beyond Borrower's mntrol. Borrower shall rat des�roy, dam�ge ar imQair tk
<br /> property, dlow the PropMy to deteriorate, ar cammit w�ste on the Property. Borrower shall t�e in default if any forfeiturc
<br /> sction or proceeding,rvhdher civil or criminal, is begun�hat in I.�nder's good fia�h judgmcnt awld nsult in forfeiture oF thc
<br /> ptaQerty o6 otherwise materi�lly impai�the lia�crauod by this Security 1ns�rument or[.a�dei s security i�ercu. Borrowu�y
<br /> cure wch a defwlt and rrinstate,as provided in p�rsgraph!8, by causing the action or procoeding to be dismiased with a nelin�
<br /> th�t, in I.e.�der'a 600d faith determinotlon, precivaes ivnoiiurc oi if'� :a��ticr's iniar�.t iss tt:e p•r,r,.t±y nr other mrerid
<br /> imp�irnwx of the lim created bY Uus Socuriry Instrument or La�der's security iMercst. Borrowtr slul� dw be i�def��t if
<br /> Barrowru.durint the Iwn�PPlicuion process,gave mwterially fdse or inaa�urate inform�tion or��to L.ender(or[albd
<br /> w provide I.ender with any muerial infomution)im m�noction with the lou�evidenoed by the Note,includin�,but nat limited
<br /> to,repraenuuon+oonarni�8 8orrowa's occ+►Qanc.y of the Property�a s principal rrsidence.lf thi:5ecurity lmtruma�t is on a
<br /> le�eiw{d. Borrowa �hall cariply with all tS�e pmvisians of the lase. If Borrower �oquires fa tide to the PropertY. d�e
<br /> Iepd�oW and the fae title dWl not merge unless Le�der agroes to the merger in writing.
<br /> 7.ProtedbM d I.e�dC*'s Rl�ts in t6t A�operty.If Bortower fail:to perform the oovaants md agramenta oonninod in
<br /> this Securiry[neuuma�t, or there is a legal proceeding ttut may signi6cuKly affect L.ender's rights in the ProperiY(euch a�a
<br /> proceeding in bonkruptcy,Prob�te. �or oondemn�tion or forfeiture or to enforce laws or reguluions). then I.ende*maY d° ad
<br /> p�y for wh�tevu is necescary to protect the vdue of the Property and Gender's rights in the PropertY• I.ende��s action nry
<br /> ►�Iude P�Y►n� +u►Y sum� sa�ured by n lien which fws priority over this Socuriry Inatrument. �ppearini in oourt. Pay�n�
<br /> re�►eombk Mtor�Ya'fea and enteriag on the Property to make repeirs. Although Lencier mey take�ction unda this pr�r�ph
<br /> 7.I.ender does no1 have w do so.
<br /> Am amounts disbursed by Lende'r undar this parAgraph 7 stwll baome additional debt of Bortower secured by this
<br /> Savrity ImtruuK+it. Unless�ormwa and l.axier agroe to otlier tcrtns af poyment, ttxse amounts shall bar intuat fmm the
<br /> date nf disburaement at the Note nte and'shall be payable, with intorcst, upon notia from Lader to Borrown' r�u�in�
<br /> p�y� .
<br /> s.Morf�e Iueorance.If Lender required mortgaBe insunnoe as a condition of making the lan eecurad b�y Ihis Soevriry
<br /> • lnswmait, Borrower atull pay thc prcmiu►nti reyuirod to maintain the mortgage'insurnna in effect. If. fa u►y reaton. d�e
<br /> ' mortgage inausanoe arvetage required by Lencier lapses or ceaxs to be in effect,Borrower shall poy the praniums require�d to
<br /> obtain coverage st�bstanti�lly oquivnlent to the moregage insururee previously in effect,at a cost substantially equivalent to the
<br /> ;unst to Borrower of the mo�gage insurancx previousiy in effect. from ar► alternste mo►tgage insurcr �pproved by i,erder.If
<br /> subatantially equivalrnt moregrge insurnnce coverage is not avulable,Bocrower shall piy to Lencler each month a sum equ�l to
<br /> one•twdith of the yearly mcir�Sagc insurance premium being paid by Bomower when the insurance covernge l�pssd or ceased eo
<br /> be in effixt.Lender will accept,use and rdain tt�ese payments as a loss reserve in liea of mortg�ge insuronce. I.oss reaen'o
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