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2� 1 ��21 � 1 �JVhether or no��.��r�de�•iinpos�s a fl�ad it�s��-a��ce�•ec��i�•�n��:�-�t, �3or�•o��ez•sh��ll a�a fl�inir��uz� insi..;re a7] in�p�•avei��ents ot1 t�ze P�-opc�-�y,��v��;�he�•I�aw li�L7�1S��t1G�'t)1•su�s�c��c��ly��•�c��:d,a�air�s� lo��hv��loods to the ex�ent�•ec�uired by#he��ct�ta�-y. lf��e L�n�er i��oses i��s��z�at�ce z•�;c�ui�•��n�s,a�l insux•an��s��ai� be carr•ied wi��c��panies ap�t•�ved h�� I.��r�de�•,a��d��z� i��ra��ce;pc}licic�az�d�.i�y �•��r��al�s}�all be l�eid by L�nder-��Zd shall in�lLtde Ic�ss paya�l�c��.ises i��fa�•a�-of;t�i�d in a foz-n��cc��tab�e to.L�t�de�-. ��t11e e�ent of�oss,Bo�rower sha��ve L�nder ii�-��ediate n�t�c�by�nail. Uend��•�nay n�.�k� p�•oof of loss if�aat��ade pr��ptly by Bo�•�•o��e�•. �ach i��s��r��ce cot�lpz��y co��c��z�cd is he�•eb}f r�ut��Dl'lZ�d �.17d direc�ed to make paym�n�for sucl� �oss fo�...��td�x•��stead of to Qarrow��•and ��e��de�-.jai��. I��su�•ance �roceeds shail be applied to restoration�x•�•ep�rr o�f t�1e da��-�a��d �'��oper�y, if tl�e r�sta�a�ion or�•��ai�•is ecano��icall��feasible afld Lend��•'s securit.y� is nQt Iessen�d. �#'�l�e i•es�oz-a�io�z��•r�p�i�is fl�� economicall�� feasible ar Lendel•'s s�curity wouid��le��r�ed,the�nsu�-a��e proc��ds sl�all �e appli�d fi�•st�o�he r�duct�on of any inde�te�n�ss��n�er a Second No��and Se��nd 5ecu�-ity �ns�ru��e�t�as described in�a�•a��•apl� ��h�I�by t�1e Sec�r��a��y ap�h�P�-oper�y and th��n�k�e�•�:duc�ion �f the indebtednes�under�he Note�.r�d�his Secu�•ity �nst�•ut��en�. �.ny ercess insux•anc�proceeds ove�•ar� arnQunf�•equired�a pay aI�outstandin�;inde�tedness under th�Na��a�d thi�Secuz•i�y In��ru�nent shall be paid�o the enti�� l��all��titled�h�re�o. In�he e��nt of fox•ec�osure of tl�is Security �nstru��c��t ax-��r��•az�sf��-of titl��o l��e n�-oper��1�t. ex�ing�tis��s th� indeb�edness, �lI t-ight,�i��a�� i��t��-es�of�3oz-x•t�wet-in��d�� iz�.sut'c1�7��3��iCl�S tl] foz•ce shal�pass to the pu�•�has��•. 4.�ccup�n�y,Prese��atiion,N�ain�en�rtc��i�d �'r��e��i{�n of�1�e Prv��r�y; Sc��•ror��er's �..�oan Appl�cation; Lcas�ho�ds. Ba�•ro��ex•shali oc�up}�,establish, and use the Pro�e�•t�as Bo�•rowe�•'s Prirlcipal Residenc� af�er�l�e��.ecution of`t1��s S�cu�•��y �ns�z•uinex�t and Bo�°�•ower�o�at Ieast��e Bor�•ower, if�ni�ially i��are�hax�one pe�-son a�•e Bo�•ror�vers}��all e��n�inue�o occupy�he Pra��i•�y as �or�awer's�'�-ipcipal �esidcnce for�he te��n af t��Secur�ty I��s�r�.�ment. �3ori•ower shall n�t ctimf�r�.�t waste o�•destroy, dam��,�o�-subs��»�ially ch�.�n��the propertv�r all�w the Prope�•�y ta d��er�orate,r�asc�nabie wea�•and��az-excep�ed. �o�•r��ve�•shall also b� in defaul�if B�r�•a��er, during�he loa��appiica�ior�p��cess,ga�e rnate��ia�ly fa�se ox-�n�c�ur•ate infar��.t�or�az•state��1ts t� Lend��•�or fail�d�o pra�id�L�nder with any ina�eria� i��fa�-��a�ian� in connectiQt��vifh the�oan �v�denced U�tl�e�o�e,i��c�udii��,b�Y�no�1��ni�Gd��a, t-ep�•esen�a�ti��-�s ca��cc�r1�� Bo��v��e�•'s�cc��pancy af�l�e Pi-op�rty as a�'r��cip�l��esid��e. If this Secuz�ity lnsti-u�Y��t is o��a l�as�ha�d, Bot-rower shall c�z��ply wi��l�re pro�is�ons c�f�l�e l�as�. If Boi•r�r�v�r a�.c�u��es fc��1�to tl�e�'�•Q��r�y�,the l�asehc��d and fee�i�le shall��ot b�me�-�ed ��nl�ss L��zd��-a��-��s�o the i��c��-��r ir�wri�ii��. 5.Charg�s to Barrower and �'�•�teet�ion af L��er's R��ts in �� Pra�cr�y. Ba�-�-o�er s}�all �ay all �o�ernm��tal or municipal cha��es,�xnes and imposi�ions t��a�-� no�i��clud�d �r� �'a�-ag�•apl� �. Ba�i•awer shal� pay thes�ab1��a�iQns on tim�directl�f to the�n�i�:y r��fhich is�w�d�he payt��e��. I�'�'ailu�•e #a pay rn�ould ad�e�•s�ly aff�ct L�nd�r's t��z-es�in the Prap�z•�y, �rpc�n L�;nd�r's r�que�t �3ox-�-owe�-sha�l promp��}�fur��ish�o Lender xeceip�s e��de��ci��h�se�a��t5. �3��•�•owe��sh��lI �romptl��discha�•ge any �i�n wh��l�.l�as pri�rity ov�r this Sec�ir•f�y �n�tx-zi�nent ii�tl�e ��n�.��-�z�ovic��d in Pa�•a�rap�1 �4(c}. If Borro�ver f��s�a rnake�l�es�pay�-�en�s ox•p�y�he proper�y c��•�es �-ea��d k�� Para�rap��,o�faxls�o p��foz•r��a��y��h��c��e��ar�ts a�id a�z•ee��G��s co��taix�ed i��is S�curi�y I�zs��•u��,o�-�he�-e i��legal proceedin��l�a�z��a�sigY��icantly=affect L�nde�•'s ri�I�ts in�I�� -opez•��suc11 a�s a p�•oc�edii��i�� bank�-u�tc}�, for�Q��de�1��atia��oz•�o e��fo�•e� �aw�c��•re�ulations�,tl��.��nde��ayf dc�and pa�wha�ever is nec�ssary ta protect�he�alue of the Pr�pe�-iy and L�nde�-'s�•i�,hts in th��r�p�r�y, iz�cludin�pay�nent af�axes,haza�rd insul•ance and o�h�r•i�er��s z�ne��ianed in Pa�a�r�ph�. 1',�;;e 3 nf�� H�_C'yi 1=irst UL�:c�C}f"1'r�ist-201S