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<br /> - __ _ 98- i�23�2
<br /> S. H�x�rd or Proporty la�ur�nce. Horrower shdl keep tho improvementa now ezieting or hereatter erected on
<br /> the Property ineured awirut loee by tire,h�zarde includal within the term "eYtended covenge"and any other h�zarde,
<br /> includin�tloods or[laodinQ, tor whlch L,ender requiree iru�uranco.Thie ineurnnce shall be maintained in the smounts
<br /> •nd for the �eriode th�t Lender requires. The insurAn�e carrier providin�the insurence ehell be chosen by Borrower
<br /> subject to L.ender's tppmvel which shill not bo unre�sorubly withheld.If Aorrower Pnile to maintain cover��+deocribed
<br /> ebavo, I.ender may, nt I.ender's option,obUin coverr�e to prutxt L,ender's rights in th�Property in �ccordance with
<br /> peregraph 7.
<br /> A.11 insur�nce polici�s and renewpls eha11 be acceptnble to L,ender and shall include a etandard martgege clause.
<br /> L.onder sh�ll h�ve the right to hold the policiea and tenowals. If L,ender requirte, Borrower ehetl promptly give to
<br /> I,en<fer ell receiptsof peid premiume and renewel notices. In the evont of losa,Borrower ehnll giv��rompt notice to the _
<br /> insurance csrrier and Lender.Lendor may mnko proof ol lose ii not made promptly by IiorrowCr.
<br /> Un1eES Lender and Borrower otherwise agreo in writing,ineurance procexda shnll be applied to reataration or repair
<br /> of tho Property damnged, if the restoration or repair is aonomically feasible and i.ender'e security ie not lassoned.If the
<br /> restorntian or repeir ia not xonomicnlly faaeible or I,erdcr'e security would bo lessened,the ineuranca proceeda ehell be
<br /> spplied to tho surne secured by thie Security Instrument,�vhether or not then due,with any oxcess paid to Iiorrower.If
<br /> Borrawer abandons tho Property,or does not anewer within 30 daye a notice from Ixnder that the inauranca carrier hea
<br /> ofEered to settle a claim. then Lender may collect tho icr.surance prceoeds. L.ender may use the procads to repair or
<br /> restore the Property ur to pay suma secured by thie Security Inatrumcnt,whother or not thcn due.The 30'day periai will
<br /> begin when the notice ie given.
<br /> Unless Lendsr and Barrower otherwise agree in writing,any application of procxds to principal shell not extend or
<br /> poetpono the due date ot the monthly paymente referred to m paragrapha 1 end 2 or change tho amount of the paymente.
<br /> If under paragraph 21 tho Property is acquired by Lender, Borrower's right to eny inaurance policiea and prceoede
<br /> resultin�from d8maga to tho Property prior to the�cquisition ehell pesa to L.ender to tho ertont of tho eume securod by
<br /> this Sccurity Instrument i mmedietely pr�or to the acquidtion.
<br /> 6.Ocaup�ncy, Preservatioa,M�inten�ace�nd Protection of the Property; Horrowor'��.oaa Application;
<br /> Leueholds. Bormwer eh�ll c�ccupy,eetablieh,�nd uae tha Property�s Borroaer'e principl reeidonce Nithin eixty daye
<br /> �ttor the execution ot thie Sxurity Instrument and shall continuo to occupy the Propotty �e Rarro�ver'e princi�l
<br /> ceeidence far�t leeet one yar atter the dato of occup�ncy, unloee I.endor otherwlee��reea in writin�,whlch coneent eh�11
<br /> not bo unroaeansbly withheld,or unle�e extonwtin�cinurnetancea exiet which�ro boyond Borrowet's oontrol,Borro�er
<br /> eh�ll not deetroy�d+rn��e ar imp+�ir thtl Property.dl�N tho Property to deteriorato,or commit w�ete on tho Property.
<br /> }3ormwer ehrll be ia de�ault if�ny(orteitura�ctiot�or pra;eedin�, whether civil or criminal, ie be�ua th�t in Lender'e
<br /> �ood iaith judemont could reault in forteiture of the Property�r otherwieo materially impir the lion crated by thie
<br /> Security Iru9trument or Lendor'e excurity interest, Borrower mey cure euch a dotault and reinetate, es providod in
<br /> p�naraph 18, by cauein� the action or proceeding to be diemissed with a rulin� th�t, in I,ender's �ood t�ith
<br /> determination,prxludes torfeiture of the Horrower'B mtercst in th�Property or other materisl impairment ot the lien
<br /> crrair!ry th+:?+�ecurity Inetrument or I.,endar's security inurest.Borrower ehell elso bo in default it Borrower,during _
<br /> the loan a�plication process, geve mnterielly tatse or ineccurete iniormntion or statements w 'Lender (or iaiiod to
<br /> provido I.ender �vith �ny materut intormetion)in connxtion with the loan evidenced by the Note,includin�,but not
<br /> limited to, repreaentntione concerning Borrower's occupancy ot the Property as a principel residence.If thie Security
<br /> Instrumcnt ie oa e leasehold, Borrower shell comply with ell tho provisione of the lcese.If Borrowor acquires fee title to
<br /> the Property,th�leasehold end the fee titlo ehall not merge unless Lender egras to the m�rgcr in writing.
<br /> 7. Protectxon of Leader'a Rijhts in the Property.If Borrower feils to pertorm tho covGnenta end tgramente
<br /> cantained in this Security Instrument,or there is a legd proceeding that may significantly affect Lender'e righte in the
<br /> Property (such a� b procwding in bankrupky, probate, for condemnation oc forfeituro or to enforce laMe or
<br /> ragulations),then I.�nder may do and pay for whatever ia nocesssry to protect the velue of the Property and Lender'e
<br /> righte in the Propericy,L.ender's actions mey include paying any sums secured by a lien whieh has priority over thie
<br /> Security Inetr.ument.appeating in court,paying reason�ble attorneys'txs and enter�ng on the Property to meko repaira.
<br /> Although L,ender may take act�on under thie pnragrepb 7, Lender d�es not havo to do so.
<br /> Any emounte dieburded by Lender under this paregraph 7 shall bacome additional debt o!Borrower secured by this
<br /> Socurity Instrument. Unless Borrower and I.ender sgrce t�other terme of paymeni,these amounts shall bcar interest
<br /> irom the date of disbursement nt the Note rato end ehall be payeble,with interest,upon notice from L,ender to Borrowcr
<br /> requestin8 paYcnent.
<br /> 8. Mort�age Ineurance. If L,ender roquired mortgage insuranco ea e condition of making tho loan secured by thia
<br /> Security Instrument,Borrower shall pay the premiumerequired to mainuin the mortgago inaurnnce in effect.If,tor any
<br /> reason, the mortg�ge ineurance coverage raquired by Lender Iapses or ceeses to be in eifect,Borrower shall fwy the
<br /> premiume required toobtein covcrnge eubetentially equivelent to the mortgago insurence previously it�offxt,at a cost
<br /> subetantially equivnlent to the cost to Borrower of the mortgage ineuranco previously in eifxt, from na .slurnate
<br /> mortgage ineurer approved by Lender. It eubstentidly equivalcnt mortgnge ineurenco coverage ie not availeble,
<br /> B�rrower shell peY to L,ender each month a sum equal ta ona-twelfth of the yearly mortgego insurance premium beiag
<br /> = paid by Borrow�r when the inaurance coverage lapsed or ceased to be in effect.Lender will accept,use and retnin th.ese
<br /> ' paymenta es a loss res�rve in lieu of. mortgage insuranca Lose reserve paymente may no longer be roquirod,
<br /> � F�r� 302� H
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