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<br /> 8. Nt�aurd or Pe+nperf,yy lusuraacw Borrower e6a11 keep the improvc�eata aow cxfsting on c�rcattcr crcctcd oa thc ��_
<br /> Praperty inaurcd agntnst lass by fire, hf►znrds included vrithia thc term`extcnded coverage" And aay atbcr bw.urds,including �.
<br /> � ` Eloosirti ur Qoodin�, Por which Lcnder�eqt�resiasurance.Thia insurtu►ces�all be maintuiacdin the umountannd for the periodc �•
<br /> • tbat Lender requires.The inawauce currier provIdiaa t6o 3naurnnw shall bu chosen by�onower subject ta Lender's npproval ,�
<br />- � � whfch ehall nat be unrensoaably wFthheld if Borrower tciila to muiatein cov�rege descrlbed above, I.eader may� at l.�:dder's ��.
<br /> • option,abtab coveraga to pratec�t I.ender's rlghts in the Property in accoadance with paragraph 7. '
<br /> All lnsuruuce polldes and renewals shsill be acceptuble to Londer and s6aU include a sQaadard mortgage clause, i.endar �-
<br /> .._ shaU bavo the r�ght to hold the policies and renetviils.If Lender requires,Borrower shall prompdy give to l.ender all receipta of -�
<br /> ":;�`"'Rr patd premiuroat►ud renewa:aotices.In the evant of loss,BorrowershaU give prompt nodce to the insurancc carrtsrand Lender. __—��'_��-�
<br /> �`'`'�`� Lender may make proof of loss if not made prompNy by Horrower.
<br /> , Unless Leador und Borro�vcr otharvulse agree in wrlt�, in.gurance proceedsshall be applIed to restorat�onor repa�r of tha �:-
<br /> Progerty damuged,if the restoradoaor rPp�ir is economically feastble and I,eader's sscurIty la aot lessened if the restoratioaor `-
<br /> � repair is noi economicaUy f�ttttsi'ble or Leader's securiry woutd be lessened,the insurance pracxeds shall be applIsd to the sums
<br /> �� ; �� secured by this Security I�ttitvment,whether or not than due,ndth eny excess ps+id to Barrower.If Bonower abandoas the _
<br /> Properiy,or dnas not pnswer withiA 30 days a nodce from Lender that the insurance carrlet has offered to setda a claIm,tltFa �_
<br /> � � , ' Leader may collort tha ivaurana+prouzeds.Lender may use the proceeds to repair or restoro the Property or to pay au�ns
<br /> . � secured by tWs SecurIty Ia�trwnent,whether or not then due.Tha 3�day perlod will Uegin whea the noHce is given. -
<br /> LJWess Lendar and Bomovver otherwise o�ee in wddn& anY ePFUcallon of proceeds to prindpal shall aot extead or
<br />- . ' �� gastgone the due dete of Wa eiantLly pay�►ents retm�m.d to in paragrepl�s 1 and 2 or change the amount of the payments. if
<br /> � ' twder paragn�ph21 the Proparty is acqt�ired by Lender,BomuwePs right to eny iusurance polides aad proceeds resulting fram
<br />'� ' , .�,� damagoto the Propeityprcar to the aa�t�if�itlan shall pass to Lenderto the extentof We sums securedby thia Security Instrument -
<br /> immedIat�ly prIor to tha AG4uis+d4a,
<br /> • ' 6. OocnPau4'. Pc�arvutla�� Mfnlntnnnnce aud P1�oDcctloa o!Wa Propertn Borrowea's I.onn Appltcatlo� Lease6olds.
<br /> � ' � Boc�owershall occupy, estublisb,and use the PropaKy ns Borrower's prindpal nesideacewithin aixty dsiys after the eacecudon of �,�
<br /> � � 'a� � t1�ls Security Instreuasntand shall contlaus to oacupy the Property tts BonowePa principal resideacefor at lea�t one year t+fter "``'
<br /> t[so dato of oGCUpanry,unitsss Lender othelwise ag�ees in wrtting, �vhich consent s6all noi be unreasonablywltH�lield,or unlet� �
<br />- � extonunting circumssances exist wLich are beyrond BorrowePs coatrol. BonoNer ahall not destroy� dazuege or Laguir 3E»
<br /> , �.. Progorty� atlniv the Pcoporty to deterlorate,or commit waste on the Pcoperty.Bonower shall be in default if eny forfeitasr� _..
<br />'�� ' aodoA ar proceedinII,wbatPter civ;il or cr�minal,is begua that In Lender's good faith jud�ment coWd result iu fort'eihue of the
<br />�`.�.y-.�_���; pr��r�y�+r„thnrw;�a mntereaUy impaIr the lten craatudbv this Securtty Instrumentor Lender's secwlty fntereat.�onowermay :
<br />'s'" ' � cure such a dafault and raiustnte,as prov�ded in parugmphl8�by causin,g tha acdon or proceedtngto he dismissed wit6 a t�lnng
<br />�"° ��� •':' ��"�� that, In Leader's good f�ith detc�miiandon,preclud�s forfeiture of We Borrower's iuterest in the Property or nther mate�i�l
<br />�'�`�i�-�:r�E "� isn airmentof the Ilea eesatedbp tlils�at�writy Instctuaentor 1Lender's securtty interes�Borrower shnll also be tn default if
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<br />-�^ t8anowcr�durIng t6o Iqtu�ap�licatioapnuczsa,gavo mQa2erially false or inaccuratoiffi€ormaflonor statementeto E.�adcr(or feiled
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<br />�!�;T;;:'� ¢oprovIde Lenderwith any�ma#cr3�19nfur�ation)la scannetxionwIth the Iuan evidemcedby theNote,includEug,but not limited __
<br />.�^; ��: to,representattansconcorning 76orrowar's accupancy a+fi 2k�e Property es a prindpal residence.If tLis Secwlty Ia.gtrumentis oa a -
<br />=":,'��;"'��'�'� teasehold,Borrower shell comply with �SI the provisions of the Hze�se. If Barrower acquires fes ttde to the Property�the
<br />��"�'`'�'� leesehold tmd�the fae Htla shall not meTge unless Lender agrees to¢�a merger in wririog.
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<br /> =��,.t.x,,,.,,;r 7.P►otectPon oPlf�en�gr's Reg6te in the Properls.If Borrowerfnils toperfosmthecovenantsandegteementscoatainedin
<br /> ,�;,�;y��"�,'�1, r�Js Securlty Iasttument,or there Ls a legal pmc�eedingthat may ai�qnificandy �Giect I.eader's righta tn the 8ro�erty{such n.s a
<br />'~��,SSC�,'�,�",;� �ioceeding i�ba�up=ay,probate�f�r coad�mnatlonor forfeiture or ta enforw lavus or reguletiona),then Lender may do and °`'-
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<br />�-�,,,;,�i�;��,k;� pay for w9tat��r is necessary to protect the vnlae of the Property and Lender'a righta in the Property.Lender's acttons may
<br />�::,y,�,. „ � .3�elude puy=.ng any sums secured by a l�en whtch has priorlty over tti33s Secusity Instrument,ePP��B� ��. paY�B
<br />_���� ccasonablenttomays'futs Aad enterIng oa the Property to make reFafrs.Althougb Y.�endar may take acxion under t6is paragraph
<br />�k: � ;,Lender does not havA te��&o so.
<br /> �:=_ ,-T� Aay v��ounta dlsbutsed by Lender uader this paragraph 7 shall beoome addIdonal debt of BorrovNOr secured by tbis
<br />�'"�Y`���.-sa�� Security W�,.�»ent Unless Borrower and Leader a�ee to other terms of paymeat,these omounta ehall bear interest from the
<br />'`-`��� date of d�t�la�stment at the Note rare and shall ba payable�wit6 interest,upon nottce froffi I.ender eo 8orrower requesting
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<br /> paymen�
<br /> r't.�b3ar��aes.scr�.�.If L�;n�crscq:s{rc,�lr,sa��eicsnranua:r.as��Ed.r.r.r.f m�yla3!ltel�.sasesureslby this Settirlty
<br />,;.. Instcumaut,�+rrower s'ha7J pay the premiuma required to maintain the mortgage insurance in effect. I� Q�,r aay reason,the
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<br />=�---�:�'ii>#��,� mort�ega i�urancc coverage required��.���.ender tapses ar ceases 2�ba in effece,Bonoarer shWl ps�y the preruiums reQuIred to
<br /> ° ;.at�' obtain coo�ert+�e substuntiWly equivalenR am the mortgnge insuraar$previously in effect,at a cost substendally equivaleat to the
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<br /> .*rt.�.:';w��:� cost to Bon•ower of thcs mo�s+ge insurance previou.�ly in offect. from an alternate mo���osurer Approved by Lender.If
<br /> '`_-,:�:~;�,_�.,. substi►ntially equivulcnt mortgage ieaucance covera��is not available,Bnrrower shall pay ta I.eader each iaonth e sum equal to
<br />- � � ;� „ � one-twelft6 of tho yeariy mortg,i►ge inaurance premiumbc�ing paid by Borrowet ar3i�a the insurance covere�ge lapsed or ceasrdto
<br /> '_ � bain eQect.E.enderurill accept,useandretainthesepuymentsos ��oss reservein lieu of �aortgege tasurnnce. Loss resewo
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