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2� 1 ��21 �2 <br /> In�h�ever�t of 1oss,Borx•ov�fe�•sha���ive Le��d�r im���edia�e nalicE b�i�aii. Le1�d�t•�nay�na��proaf of <br /> lass if n��tz�ade�ro���p�ly�y �3or�•owc�-. Tac�� irls�ii•a��ce co����any Gonc���n�d is he�•eby au�ho�-ized and <br /> directed to make pa f�m.en�fo�•such lass��a �,es�.d��•, instead nf�o ����•o��.��:�•and L�z�d�r�o�����y. Insu�•ance <br /> pro�eeds�hal� b�appl�ed to�estora��o��or�•cpai�•o��th�da���a�cd Px•op��-�y, if����e �-�s�o�•a�io���r�-�,pa�x•is <br /> ec���amica�I}� feasible an���end��-'s secur��y is I�o� I�sse��ed. I f`tl�� ��estor�.�ia���r r�p�ar is nc�� <br /> �c�n�rni�a��y feasibie a�•L��nder's s�cL�rity������ld l�e l�ssenec�,��}e i���ur�nc� pz-oe��;�s s��ail bc appi��d <br /> f��•s�to���e r�duction�f an� i����b��dt�ess uF�dc;�•tl��Scco��d I�o�����d�h�s S�:�u�•ity= Iz�s��•���ne��t an�l tl��t� <br /> ta t��e�-�du��ia�z of�he indeb�ed���ss under t11� �'i�•st No�e a��d Fi��st S�cur��y I��strum����. Ax���xc�e�s <br /> insu�•ance proce�ds o�ver an a�x�ou���rec�uircd�o p�y a�l outs�ta��d���� indebtedncs� unc�er the Se�ond Note <br /> and this S�curxty �r�strumen�an��he Firs�No�e and the F��-��S��uri�y Instx•i�����nt���a�� be �a�d���he <br /> en�i�yr iegall�en�i�led�h�r�ta. <br /> �»the e�ent of f�re��osu�-e af�1�is Secu�-i�y I��s�rumc;z��a�-at�z�r��•���s�'�r of�i t�L�a t}��Pr��ae��y t�7a� <br /> �xtin�uishes the �ndebtedness,all �•i�,h�,ti���a.i�d �����r�st of�3a�•t•ov��c��•ifl and tia it�5u���.��c�pa�ici�s �n <br /> �a��ce sha�l pass�o the purc�asex-. <br /> 4.�ccupan��,Preserva�iun,1'�a�ntenance��nd Prutect�an af th�Proper#y; L�arrower's Lo�n <br /> AppIicat�on; Lea�eho�d�. �orrow�r shall occ�ipy,establi�l�, and ��se�l�e Prope���f as 8oz�rowet•'s <br /> Principal Residence after�h��xecutia��of�his Secu�•��v Z��s�X u���e��t a�7d Bor�•o��ez•�a�•a�least ot�e <br /> Bor�owet•, if ini��ally n�o�-e���a��oz�.e persoi�a�•e Bori•o�vers}s��all c�x�tinue�o ac�L��y��1�Y�•ap�rty as <br /> ?3or�n�v�r's p�•i��cipaZ R�szde��ce fUr tl�e��rm afi t�-����c«�•ity� ���s��•utne��t. <br /> �or�-ower shal[ na�co�nmit waste o�•des�ro�f,da�na�e ar si���sta�zti�ll���l��n��fh�: Y�•c�p����y�}r a�l��r���h� <br /> Fropez•ty�a de��riorat�, z•ea�an�'�le w��ar���d��a7-�:�:�ep�ed. ��c��•�•o��re:i°���al� als�a�� i�� d�fau�t if <br /> Bor�•ower,dur�n��he ioan appl�Gatian process,�a�•e���ater�ally false�r i��ac��u3•a�� inf�o�-rl�atian�� <br /> s�ater-�ents to Lender�oz•fai�ed ta prov�ide Lend�r wi����n� ����at��•ial i��z���o�•i��a�i���} i��conneCti��� wi�}�tl�c <br /> IQan evid�nced by the No�e, �nclud�n�, bu�n�t lir��it�d��, repx-�ser�ta�ians ca��c��•n�ng Borx•o�����r's <br /> ��cupanc}�af�he Pr�p�r�y a�a�'rincipal R.eside�.ce. If this Secu��ity instrutnen�is or�a �easel�old, <br /> �orr�w�r sh�.l� ca�np���r�ifh f��e pra���i�ns�f�he lcase. lf�o�•E•�we�-acqtiires����ti�le to tl�e �'z•ope�-���, <br /> th� �easehold and fee fiitl�shal� ��ot�e z��e�-��d ����l��s Ler�de��a��-�es t�the i��er-��r ri-���v�-i�in�. <br /> 5. Charge5 t� �3arrower an� Pro�ection t�f l.�c.xr�dcr's�ti�;�iis in the �'r�pc�-ty. Q�����w�r s��all pay all <br /> go�erni�nei�tal o�•muni�ip�l c��a�•��s, fii�c�s ���d i»�positio��s�l�a�a�•�����i��c�ud�d i�� Pai•�b�•apl��. <br /> Borrovv�r s��all pay thes�abliga�ia��s a��time direct�y�a tl�e ex��ity w(�.icl� is ov�r�ci th�paym�n�. Zf fa���.��•e <br /> �o pa�wau�d adv��sel�affec�I�ei�de�•'s it�ter�st iz��he Prope�•t�, u��on�1el�der's r�c�ues��orrc���.r��-shall <br /> prompt�y fu�•nish to Lend�r�•ec�ip�s evid�i��in�these payn��nts. �3orro�•ex�s�1al� pr�anp����dis�l�a�•�e apy <br /> Iien which has priari�y over���i� �ecu�-ity Irt�s��•u�n�nt in�he�r�a��z�e�•p�•ovid�d in Fai���rap}� l 4�c�. <br /> �f B ar�-�wer fai�s�a Xnake the�e paymen�s or pay�hc prop�l•ty�h arg�s rec���i�-c;d by �'ara�raph?,o�•fai l s t� <br /> p�rf�z•rn a�y other c��renan�s and a�re�r��ents con���ned ��1�his ��cur•itti� �nst�-u����n�, oz•th��-e is� �e�al <br /> �raceediY�g th�.���aay signific�nt�y affect l�c�i�tde�•'s ri�ht� i��fil��: �'rQ�ez-�`d�s��c��as a pr-ace�ding in <br /> bankrupt�y� fo�•�ax�dem��a�io�� a�•�o e��io�-c� �����v� o��r��,���a�if�c-�s}.tl���� �1ei�der�a��y do anci p��� ti��l�r�tG�e�� <br /> is necessary to px�otect�he valt�e o�'the I'�•�per�y anci Lct�d��•'s�•��hts i��tl�e �'�-ape�•��, in��udin�p��y���e��t <br /> �f property�a�es, ha�ard ins�����r�ce ar�d ot���r iiE���s�-��e����o���d i�� �'����raph Z. <br /> To pro�ec�Lender's se�ur-i�}� in tl�e Proper����, t,ei�d�r shall adva2�c�and cha�-�e to B�r�-o�����ai�amou��ts <br /> �ue to�ize S�cre�ar�foi•�he Moz•t�a�e Znsur-a��ce Pren-�iui�� as defi���d i�������,oa��A�r�e���et��as wel�as <br /> �lI sums due�o the 1Qan s�r�ic�r far se�•���ix��activiti��as de�it��d in tihe Loan A�x��emen�.An�at�ou��ts <br /> �isbursed by L�nde�-undex�h�s�ara�rapl�shall be�o�ne an add�tic�nal c�ebt of Ba�•rowzr as provided f�r <br /> ��:1�C .3 SI�Z� �"���~�SLL:�]1'i[�❑i.'.�:C�Q��l'1154_-?�J� <br />