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<br /> ' 3. Hwrcl or Propaty Inuranoe. Borrawer ehaU 1c�ep tho I�nProvaneaw now exisda� or hert�fter erectod an the —
<br /> propeny lnsural�►�f��ch Leuder req�es inclasurance. 'This i�iuur�noo•shall be miiab�inod in the�amauate apd orf the pe�
<br /> floods or flaodin8, ud
<br /> th�t I..ender coqt�resti•
<br /> Ttie insurauce carrler providinP the InRe�ru�ce shxll be chosen by Bor[ower subJxt to Lander's�pp� �w
<br /> wWch ehdl aot be unre�onably wltbbeld. Ii Borrowa fitls to mainaia coveraQo descttbod above� Le�xler u�y. at I�nder's �- -
<br /> option,oMaln coven{e to protoct Y.ende:'e d�hq ia the Ptopecty in�ccordance wlth par�nph 7.
<br /> All lasun�nce Wliciea and renewds ehall be iccept�61� w Lrender wd sluli includo a sta�rd mort�e claux. I.enAer
<br /> Bormwec eb�ll PranM1Y�ive W Letder�11 recelpts of
<br /> st�ll tu�ve the riQht w hald the poUcies�nnd reaew�la. If L,eod�er requlres� �ice to tlfe iasurance c,�rder�wd Lender.
<br /> pdd prem[was aad miewal uodces.In tbe event of loss� Bomower shnll�ive pranP�
<br /> Lender uuy m�ke proof of loss if not made prompdY bY Bo�+�wer. Iied to reswrwtlon or npair of the
<br /> Unless Len3er�nd Borrower otbecwlse+�cne�n wridn�.insuru�P�S s�U be�Pp
<br /> ia econoauc�Uy fasible and Lender'e exvrity�S not lessenal.If the restor�don or
<br /> Properiy danu8ed, If the nstondon or re�r mcads alull be y�pHed W the s�ane
<br /> cegiix ia nat economic�lly feasibie or I.endor'e securlty wa►ldbe lessead, tt►e;��Bormvver. If Borrawer tb�ndons tbe
<br /> sxured by thts Sxucity Insm�ment� whether or not then Que� wlth�ny excxaa pd
<br /> prape�t5►�or does na aoawer wltWa 30 dsy�a mdce fram Leuder that the iusut�nc�e cuzl�n �Y or w pay sums
<br /> Lender msy collect the incur�nce Pro�ads. Leader msy use the proceeds to re�xir
<br /> sxured by thts Secudty Iact�uroent�wbether or not tLeu��.7!►e 30-day perlod wiU begtn when the noda is Qlven. _
<br /> Unleas Lender Rn�d Borrower othecvvjae Age�e ln wddn6, �Y �PPlie,�don of pcocads W prinelpal elull not extend or
<br /> nts rcfernd ta in p�ra8c�phs 1 and 2 or c1�ss�e tlie+�ount of tl�e pnymeata•If uada
<br /> Postpo�the due date pf Ihe montlily PaYme licies awd pcocoeds na�1t1n8 from
<br /> puxgraph Zl the PropartY is�cqu�� bY Le�ier, BO a��nder to tbe exntent of theCSUa�a secured by tbis Securlty In�
<br /> d�go to tLe Prope�tY Pdor to ttie�cqu�sidon s1�U Pwss
<br /> immsdi�tely prior w the ncquisldon. ��+���pp�lcat{on=I�ardiddr.
<br /> 6.Ooapw�cY+Preeer�atbn,Malnta�oe and Pratedion o[tl�e Pc+opat�;de�e wttbin sixty days aRer tLa exxudon of
<br /> Borrower st�ll occuPY.establish,�ad use the PmpenY as Bouower e prjncip�l restde�e fo�t u last oue ye�r afla
<br /> thie Sxudty Iasuvment u�cl shtU condm�e W occupy tbe PmpertY rs Borrower'A princlpnl 1 wittihetd,or unlea
<br /> the date of occupan�Y. w�lass Lender otLezw�se p8roes ia wrldn8,which coaSent s1aU not be unrasonab Y
<br /> acteutuufn8�� �� wLic� are beyoud Sonower's control. Borro Borrower s6all�in�defwlt if inq fo�rfdrwrs
<br /> p�pertY. �Ilaw the PmixrtY w deasio�,v�cc�:t'��e�i— -��}'• could result in fotteitare of iLc °
<br /> �cdon or pmcading� wi�ether civll or ctimin�l�is b�E�n tt�in Lendet's good fidth jnd8a�ent interest.Borrowec a�ty
<br /> propertY ar ot]krwlse mxt��i�UY�P�tLe lien created by tLls Savrity Insttumeae or L�eader's soa�rlty
<br /> cure such a detault�d re�te.as pmvlded ia pangr+pl►18�by causin8 the ocdon or proceed�n�to be diamiased���terltl
<br /> that�In Lender's good fiith deteiminadon, Precludes forfeiture of the Borrnwer's iaterest in ttie PrapertY
<br /> i�np�ment of Ihe IIon created by this Sxurtty IasGUmens or Lender's security interest. Bonoaar ehnll also be in definit!f
<br /> Borcower.during the lan apPlicatioa process.8ave mau�11Y ffise or inaccurate info�tdon or stat�w I,wder(or failed
<br /> includin�,l�t not livaited
<br /> to provide Le�er wlth aay materLl infomudon)in comecdoa wlth�p��reaidenx.If this Securlty Insu�mnent i�on s
<br /> W,nP�don4 coacernin6 Bomower's oc�uPu�Y of tLe PropertY fee dtle to tLe PmpettY+ tLe
<br /> leasehold, Bnrcov�xr elutll comP1Y wlth atl the providoas of t6e le�se. If Borrower scquins
<br /> Leasebold tnd the fx dde s6t11 not merge unless LcuQar�ets to ths merger la wrltln8.
<br /> 7.Protedtoa ot La�dee's Rld�ta in tLe Yropat7,If Borrower f�ils to petform the caveaWs w�d a�ree�c��tii
<br /> tbis Securlty Instn�►ent� or thece is a legal pcoceediq8
<br /> that msy significtiwtly a�ect Lender's rights in the PmpertY(sucl► a•
<br /> then.Leudet msy do�nd
<br /> pmc�iag in b�ntcuPtcY,Pmb�te,for condannsdon a focfeidue or w enforce lawa or�reguhd�y. ��,e acdou4 mry
<br /> PaY for wb�tever Is � �P�t the value of the PtopertY�d I.ender's rlghts ia court. P�Y�
<br /> inelude piYlnB aaY � sauced by a Uea whieh � y��Y�� ���I�tcument. �ctl no�PP�c this pangt�pL
<br /> re�on�ble attorneys' fees aad enteclug on the Propecty
<br /> 7,Lealer does nahave to do so. 7 shwll become sddltiontl debt of Boaower exuml bY this
<br /> Aay amoua�s dlsbursed by Lender under thls � t�e amouws sball beat intec+est from the
<br /> Securltyr 1a4trnmeat. Unless Borrower and 1.ender tgnx to other teims of psyment,
<br /> t
<br /> clate of dlsbucsement at the Nota rate And s�U be paYnble, wlth iaterest� nPon aotice from L.ender to Boirower
<br /> - payment. mon e ins�n��ce ns a condition of m�ldn8 t1�e loan secured by this Socu�itY
<br /> —= S.Mort�e Insurance.If Lender requirrd Ba6 ����ia effect. If� for wy rea�on4�
<br /> — = Insnvment, Borrower s�til pay the pmaiums requircd to mainaia the mortga8 tLe rmeiums t�oqaLred W
<br /> = mortgage insuranx cavera8e mlu�1 bY I.ender'rpsa or�p�ously iat e�ect,�cost subswuL�11Y oquivtlent W tl�e
<br /> _= obtAin coverage subsquulally eqnivalent to the mortgage roval by L.encLer. If
<br /> cost to Borrower of the mortgage insuravice Prev�oualy in effect. f m m An sitemace m°rtBige i�r�Pl►
<br /> :� substanttally equ(valent mortgage insutacxe coverAge is not available,Borrower shall paY to Le�lec e�h m°�•���
<br />:-.� o�-twelfth of tlu yeuly mortgage iasurauce Premiuinbeing Yfaid bY Bomnwer when tl�e insurance co�en8�L�
<br /> be in effat.Leader wllt accept�nse and nuun these Pi9°°C°�� a loss reserve ia licu of mortg�ge insur�nca L�ss ��'e
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