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<br /> � � . S. 1lepard or Prapeety Insurance. Borro�ver shnll keep the improvementa nanr e�isttna oc hureaiter erected on '
<br /> tl�u 1'n�perty ingured n��tnat las.v by tire,hul,nrds included aithin the term "extended cavora�e" and any other liezards, ��;
<br /> . including PI�xu1s or Plaoding�tor whtch Lender require.v inaueunce. Thts inaurnnce ehall be maintnined tn the amounts �`i'__,
<br /> �� � nnd Pur thc �.rjodr� thot l.ender requlreA. 'I'ha tnAUrAnco cnrrier pravidjn�the inauranae shnli be ahasen by Dorro�ver
<br /> a�ihjcct tc►I.c:ndet'A upprnvnl w6ich�holt nat bs unreusonobly withheld.If�iorrawer failR t�mnintoin coverage described �
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<br /> ub�wu, I.onder mny.nt I.ender'a apttan,obtUEn c�varaIIe to protei;Y I.ender'e ri�{hhts in tha Propr�rt;r in accordnnce with �,,
<br /> parngraph 7. �'
<br /> " �� All In��ikanco pnlicle:�nnd renewole ahall bo acceptablo to Lendar end sholt inel«da A stanclard mortgage clause.
<br /> • , 1xu�lei' ahN�l bavu thu ri�hY tu haW thc pallcieu nnd rencelols.lf I.ender requires,Bc�rro��er shall pmmptly give to �
<br /> . I.cndcr all rccoi pt�nt pDid premium»ond nsn�v�pl natices.In tho event af loss. Borrower ahall�ive prompt motica to the __
<br /> innuremcu crirrier und I.ender.I.vnder mny msko praof of lo�e if nat made promptly Ay Pore��wer. �°_'
<br /> . ' Unlcs:a lAndcr und 8arroaer otherwisv i�gres tn writing,inaurrinca proceedsahall be a�splied to restoration nr repair R•_
<br /> " �"' nf tho I'mtserty dnm�nged,�f the restora8ion nr r�psir ia econom ically fet�lble and I.endar's security is not lessened.l4 thd
<br /> rcr�torc�don ��r repair i�+not ecanomicaUy teasibte ar I.ender s security would be Iess.,�.�nod,the insurance proce.eds ahn11 be �,:-:
<br /> nrPlie�l n�eha auma cecured by thia Security Instrument.whetho�or nnt than dua, wich eny excess paid to BarroNer.IP '—"'-
<br /> 6_
<br /> � Hnrrower uhandana tho Praperty�or doc�+nat ana�ver wlthtn 30 dnys e notice Qrom H.ender chat the insurance corrler hna
<br /> nftureJ m �;attle n cleirt�,thsn Lender may colleat the ineuranca proce�.Lender may use th�proceeds to rep3ir or ��"-
<br /> . F i"r.'.
<br /> ° . � n�sture�tho pmperty or w pDy sume securect by tbis Security Instrument.wheth�ror not than dua.'I'he 3a'day period will �.;;::.
<br /> hugin when the natico is given. �;,
<br /> . l.�nlcs9 I.under and Horra�ver atherwise ngrea in writing,any applioation of prmcwds to prtncipal ehall not extend or ��;�
<br /> �' ��stp��no tho di�o deto�f the manth�}psynndnts referred to in para�rapha 1 nnd 2 or chango 4ha amount of the payments. _.__
<br /> f ander parn�rnph 21 the �'roperty i�acquired by Ixnder, Borronar s right to any ineurance polictes and proceeds
<br /> �' res►dting fram dumoge to tho Prupnrep.pf3ap to the acqulaition ahat!pass to Londcr to the extent of the aurc�a secured by �
<br /> , $ thiRtic:�urity(netrumontimmediately priar tatheacquie�zton. —
<br /> to.tJccupanay.Nreservetirn��Mmintenunce a�d 1E9a��tectioA ot the ProperQy;lBorroaer's Laen Ap�licatton; _
<br /> ;. � l.eseoOuldA.l3orrower ehnll asc�py,eatablish,and usa tha Property ns Boreower's priaaipal residance v�ithin sixty daye _-
<br /> ' alter tho executian ut this �eaurity ln4ttument end ehall continua to occupy the Property as Borrower's prtnctpal
<br /> re�idenca far nt Icaet uno yeat etter th�date of accu�wnay.unless Lendar otherwise agtees in writing,ahich consent shetl
<br /> �u�t ho unrcacc�nably�vithheld,or unles�oxtentuiting circumetances oxise svhioh are beyond Borrowar's control.Borrower —
<br /> Fllmll not destrnq,damago or impnir th:Araperty,ellow the!'roparty ta deterioro¢e,or wmm�t wuete on the Praperty.
<br /> , Hnrn��ver r�hall lm�n defnult it any tort�iture action or prooeedinp� whather ctvll or cri minat,is begun that in I.ender's
<br /> � gi��id talth J��dgment cauld reault in torteitura of tha Pcoperty or othocwise mnterially impaIr tha iien created by this
<br /> hccurity lnntrtement nr I.esndar'�seeaal4y interest. Borrowar mny oura auah e detault and reinstate�as provtded in
<br /> • paragraph 18, by causing tha acttr�n,or pro�eeding to ba diamlAS:d wittr a ruling that, in Lender'e goad feith
<br /> �ot����ina:i�n. �lts3�tastaitus$ss!2!ie Borro�er's!n�resi in t�e Pre�y t►r�th�r mnte�;n1 impai�ment of tha lien ,
<br /> cccstesS by thlR:ieaurity In�trument.or l.en�t2r's security-_interest.Borrower ahall also bo in daYault 9f Hotrower,during
<br /> � the Inun a�licatian prace.,A, gre�� m�.terfolly false or anaccuteta iniormatton or etatementa tn Leflder (�r fa3led to
<br />-� • �t�wido l.,c�ndcr tivith any materlei�ia4armatton)Jn conmecuon with the loan avld�nced by the Not�,ineluding, but not
<br />,.�.;r.. �• limited ta.re�resentutions concerninv,�orrower's aooupancy ot the Praperty as s princtppl residence.If th�e Secudty
<br /> lnnttumcnt in an n lear,�hotd�Boe�rawer ah3p comply aich afl the provisions of the lease.It Borrower acquires fee title to
<br />=:'��::;'�'�';,�� tha Pr+��Crty,tho lear,�hold er.d tAm tva titlo shsU nnt mc�r,�e unles�I.endor agrer.s to the rnerger in wrItina.
<br /> y-�t� �••�d� 7. Preriectian nt I.ondet's Rt�hto ia t4e Proper�iy.If Borrower lails to partorm the covenants end egreementa
<br /> _ �•r�s cnnteined tn thie l�ecueity Inetrumsatt,or thece ia a toga9 proceeding that may ei�niiicantly atfeet I.ender's ri�hta in the
<br /> _••������+� � i'rnpe�ty (otwh ea a rnceeding in,bankruptey, probate, fvr crandemnation or forieiture or to enforce Inwa or
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<br />"'" ' �'" reQulntl�m�),thon l.en et mey da a�psy for whatavor ia necessary to proteat the vuluo of tbe Property and Lendor's
<br /> �� 'k right� in sho I�ro�rty. I.onder's aceluns may inctude�,aying any sums secured by a l ien which has priority over thia
<br />;':_�.�'`;i� Security Inntrumeat,appeartnq in rai:at.paying reasonntald attornays teea and entoring on tho Property to make ropatro.
<br />-' f�"'�°`3.,;� Althuugh l.cnder may take actlon urtd�r�th3s psregrriph 9,Lender dae�s not have to do sa.
<br /> ?'=s"'�"?"� Any cinm��ntn dinbiirced by Lendtr undzr this parogroph 7 eha11 became$dditionet debt of Aortower secured by this
<br /> _- __~3��� 1ccu�ity Irintrument.Unless 8orrower e�d I.sndor agree w othor torms of payment,thes�+amounts shull bear interest
<br />=�=��='��� �ry�m thu cleto af dlRhut�ernent ot tho Nntfl ento nnd ahnll be paynble.with interest,upon notice irom I.endor to Bnreower
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<br /> _ .- ., � reya�»ting�ytncnt.
<br /> r . H.Aiurta��e InRUnnco.U l.onc�2r t�quizad mortga�go tnsurunce as a coadition o4 making the loan secu�ed by thte
<br /> --,.�,.�,, M:curi ty InsU��ment,ll��rr»wer�hall pur iha promiumo re�uired to maintain t4�e m ortgago inaurnnce in etfeat.It.for sny -
<br /> ="�"�- -= ree�m,thc�m�tttgago insuranro Coverago raqtaia�rd by Londer lepses Qr ceases to be in afiect. Borrower ehali poy the
<br /> --r-.-=�_�� �remiume�reyuire�l tc►nbtoin r�werAgo subot�ntiafiy equivalent to the�nortgAge insuruncs previously in efteot�at o cost
<br /> y,;,-,���.— r;�ihr+tantlelly ew�dvelent tu tho cnst ta potrawor of the mortgage insurance pt9avlously in eftect, irom an alternate
<br /> ---�--�-�'� mony;+�ga Insur�r eppruved by I.ondor. It sesbswntia�lly equJvolent mortgage insuranee coverege ts not avnilnble.
<br /> -------_°�:.�� H:nr�s::�er :�.:!!�;�tn!anc!sr e:ch r.taath s�am e��!tQ nae-twelith af the�,�earl;mcrtoeve is�ueence premivrn MFng
<br /> yr='x'��F�,,-� rnid hy It��trnwct when thu Innurnn�e cnvernga topsed or censed to ba in eftect.Lender aill ncCept�use and rewin Ehase -_
<br />=�:r�,�"��:� �+eyn�cntN A'1 n Ins�� re:�;rva In liai� nt mnrtgaga in�urance, i.,oss reserve paymenw mny no longer be requtred. -
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