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<br /> • shall pay them on time dlrcctly to the person owed payment. Borrower eh�ll promptly furnish to L.ender all notices
<br /> of Arr�ounta to be pAid und�r thla pnragraph, !f Bonower makes thes� payments directly, Borrowcr shall promptly
<br /> fumish to Lender reccipts ovidencing the payments.
<br /> Borrower sh�ll promptly dlecharge any lien whlch has priority over this Security Instrument unless Borrower, (a)
<br /> agrxs In writing to the pA)m�ent of the obllgation secured by the lien ln a manner acceptable to L.ender; (b)ccmtests
<br /> in goad faith the li,rn by.or d�fenda ag�inst enforcement of the lien in,legal praceedings which In the Lender'e opinion —
<br /> operate to prevent the enforcement of the Ilen; or (c) �ecures from the hulder of the lien an egreement satisfactory r
<br /> to L.cnder sutwMin�ting the lien to thle Security Instrument. If L.ender determines that any part of the Propeny is
<br /> �ubject to a lien whlch may rttaln priority over this Security instrument, Lender may give Borrower a notice identlfying
<br /> the lien. Borrower shall suisfy the lien or take one or more of the actions set forth above within 10 days of the giving
<br /> of notice.
<br /> s. Hmrd w pr�periy Imuranoe, Borrower ehall kesp the improvements now existing or hereafter erected on
<br /> the Property insured against toss by fire,hazards included within the tenn "extended coverage'and any other hazards,
<br /> including flonda or flooding, far which Lender requires insurance. Thie insurance sha11 be malntained in the amounts
<br /> and for the periods that Lrnder requires. '[l�e insurance carrier providing the lnsurance shail be chosen by Borrower
<br /> subject to L.ender's approval which shall not be unreagonably withheld. If Borrower faila to maintain coverage
<br /> describod above, I.cnder may,at Lender's option, obtain coverage to protect I.ender's rights ln the Property in
<br /> eccordana with paragraph 7.
<br /> All insurance poticies ond renewals shall be acctptable to Lender and shall include a standard mortgage clause.
<br /> Lendn sh�ll have the right ta hold the policies end nnewals. If Lender requtres, Bo�mwer ahall promptly give to
<br /> Lender all recelpts of paid premiums end renewal notices. In the event of loss,Sonuwer shall give pmmpt notice to
<br /> the insurance carrier and Ltnder. Lender may malce prouf of loss if not made promptly by Borrower.
<br /> Unle.ss Lender end Rorrower otherwise agree in writing,insurance proceeds shall be applied to r�storation or repair
<br /> of the Pruperty demaged,If the restoratiun or repair is economlcally feasible and Ixnder's secudry is not lesaen�l.
<br /> - if the restoration or repair Is not economically feasible or Lender's security would be lessened,the insurance procads
<br /> shall be applied to the sums socurod by this Security Instcument, whether or nat then due,with any excess paid to
<br /> - Bormwer. If Borrower abandons thc Property, or does not answer within 30 days a notia from Lender that the
<br /> = insurance carrier has offa�d ro settle a claim,then Lender may collxt the insurance proceeds, Lender may use the
<br /> = proceeds to repair or resto�e the Property or to pay s�ims secured by this Security Instniment, whether or not then due.
<br /> - The 30-day pedod will ixgln when the notice is given.
<br /> Unless Lender and Borrower otherwise agree in writing,any application of procceds to principal shall not extend
<br /> or postpone the due date of the monthly payments refeaod io iu paingr+�,ris 1 :s.d 2 ar ��^ge she esr�'yrt ef rhP
<br /> paymeats. If under paragraph 21 the Propeccy is ecquired by Lender, Borrowor's dght ro any insurance policies and
<br /> procads resulting from d�mage ta the Pcoperty prior co the acquisition shall pa�s to I.�ader to the extent of the sums
<br /> secund by this Secudty Insta�ument Immediately prior to the acquisition.
<br /> 6. Ooc�pmcy. Pie�vadon. Mainte�amee rd Pmta.�doa of tLe Prnpaiy: Ho�rnMa�s L,o�e Appliaitionc
<br /> Lea�eholdr. Bonower shill occupy,�►.ablish, and use the Property as Bonower's principal residence within siaty days
<br /> after the execution of thi� Security Instr�unent and shall condnue to occupy che Property �s Borrower's principal
<br /> residenee for at least one year after the date of occupancy, unless I.ender othecwise agrees in writing,which vonssnt
<br /> shall not be unreasonably withheld, or unless eatenuating circumstances exist which are beyond Borrower's control.
<br /> Borrower shall not destmy, damage or inipair the Property, allow the Property to deteriorate, or commit wasce on the
<br /> pcoperty, Borrower shail be tn defautt if any forfeiture action or proceeding. whether civil or criminal, is begun that
<br /> in Leader's good faith judgmenc could result in forfeiture of the Property or otherwise muerielly impair the lien
<br /> created by this Security Instrument or I.ender's sxurity interest. Borrower may cure such a default and reinatxte, ns
<br /> provided in pua8raph 18,by causing the action or proceeding to be discn9ssed with a tuling thu, in Lender's good faith
<br /> dctemunation, precludea forfeiture of the Bonower's interest in the Property or other materid impairn�ent of the lian
<br /> ereated by this Security Instrument or Lendr.r's sxurity intecest. Bonower shdl also be in default if Borcower,during
<br /> the loan application praess, gave materially false or inaccurate inforn�ation or statements to Lender (or fulod to
<br /> provide Lender with any material information) in connection with the loan evideaced by tt�e Note, including,but not
<br /> limited to, representatiom concerning Bonower's occupancy of the Property � a princlpal taidrnce. If this Security
<br /> Instnunenc is on a leasehold,Banower shall comply with all the provisions of the lease, 1f Borrowcr acquims fa tltle
<br /> to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing.
<br /> T�RA.S[MSingle Pamiiy-PNI[AIPH�C UNII�ORM IIiSI'RU1r�K� ib�m 302E 9f40
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