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<br /> _— S. Hwrd ar Property Iawraace. Borr�nwe� shall kap tho impmvcmcnt� naw oRi�ting ar herr.�fler aroctad on the
<br /> • ��_ _ PropeAy in�ured agoin�t lasv by tire. hazoni�included wilhin Ilu�Icrm "rxtc�KluJ cuvcrAgc" and Any other ha�ardc. incfuclin� �-
<br /> -- ° - -_-� 1looda or OaodinR.fo�which l.e�der raouircn i�carunce. This insa:xn:c::.�,�!!::z�a:matrnd!n thc amcn�iils uud fnr tltr�k.�l�
<br /> -- that L.ondcr r+equir+es. The insurance caRiar pmvlding �he lo�►u�anrc.hull bc nc�wen by Bom�wcr subJect lo I.cndor'�appmval
<br /> '__ _____= which s�ball nW be unrcasanably withheld. If Barmwer fufl�: la maimuM �Yivcrogc dekrilxd abave, I.ender mwy. ut Letdcr'�
<br /> aption.uMuin rnveragc�a prutect l.ender's�ights fn�hc Pmpeny in aati►niunce with p�r�grnph 7. _
<br /> - All insutance policies and rencwuls shall be acceptablc to L.enJer w�l .hall include n titandent mortgoge clau►e. l.coder __,,.
<br /> "•, Riwll have�h��ight ta hold thc poli�ies and renewalc. If L.endcr ncquires.Batmwer�±hull promptly giva to Lender all raxipta of
<br /> ,.���:.....---'- ..._.._. _ - -
<br /> _ paid premiun�s und renew�l natices. [n tha event nf lass, Bnrrower shall givc pmmpt noticc�o Ihe inaurnn�r curtk�and l.e�de�. �-
<br /> >`�' Lcnder mey moke proof af los�if nat made prompdy by Banowcr.
<br /> -- Unless Lender and Bormwer otherwise agrce in w�iting.insurance procexds shall be applied w rcst�ralion or repair oi the �,
<br />- Pmpeny dwnaged.if the�stor�tion ar r�e}wir is economically feusible And Lender's sexuriry is not lecsened.if the restoraiion or -�:
<br /> ==�" rcpair is iwt enxamically feasiblc or I..ender's socurity wauld be lessened.ths insurnnce proceeds shull be applfed to thc sums �"�`
<br /> --��!�j.� secured by this Seaarity Iostniment. whether ar nat then due. wlth uny excess paid to Bonower. lf 8c►rrower abandons the �_
<br />- e•- -- -�
<br /> � Propeny.or dces na answer within 30 days n notica from L.ender that the insurance car�ier hns offered to setUe u cluim, then �:,.._.
<br /> ��"��'%=•a`�' "wy l.ender moy callen�he insu�nce proc�eds, l.ender may use the pro��eais to �rpai�or restore Ihe Property or to puy swns —
<br /> l�:�w'`� � -
<br /> - -�--.�+ securod by this Secu�ty Mstrument,whethe�or�nt then due.The 3Q-day period wi�6 begi�when the ixilice is given. -
<br /> �!''� { Unless Lende�aM Borrower whenvise srgree in wrhing. uny applicatjbrt��f pm��it� to principal shall not extend or =
<br /> ` � .;� .. postpone�he due date oi'ttie mo�xhoy pa�•mentY e•eferred to in parugrpphs 1 ac�d 2 �r c�hung e ihe anwunt of the payments. If ��.
<br /> ' ,,i�;�, under psuagraph 21 tl�e Property is ucquired bv �.craicr, Borrower's right to anti in�urance policies und pruceeds resultiog fmm �'-
<br /> a;.;,_:�;;�'' danwge tothe Praperty Prior to the acqui.riai�an sfiAl;pass to Lender to the ex���: uf the sums secured b�this 5ecutity Insl�umern
<br /> ... �_° ; . - 'snsr�c�iaicly priar to thc aegnisitian. �:
<br />'�5�����i � - - 6.Oecupsncy.l'r�ervAdon,NOwont��naarce and!'rotectloa ufi the Prape�y:Borrower's I.oari Applicationt Lea+eP�olds. �;;`
<br />:-?���; ,` -�� Borrower shall accupy.esu►blish,aod u.ae�ha P�n�r�y as dorruwer's principa0 m�+idence wi�hin sizty days after the execwion of �:-:
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<br /> "��'•� ;,-••�• this Securit Instrument and shell continue to a�:u �. ihe Pro rt as Borrowr.': rinci residence far at least one ear after
<br /> a;;yt�' 43� Y P Pe Y " P P� Y �';
<br />__.r�: f;sr; the date oioccupancy, unless Lender otherwise agrees in writin�, which consent shnll not be unreasonably withbeld, or unless �.
<br /> -- ��' ���' eztenuuting circumstances exist which are beyond Borcower's control. Borcower shall x+t destroy, clwnage or lmpair �he �;�:
<br /> ., . , '•;4•... �a�.
<br />;='a. f ,. .;�q ..� Property, allow the Pmperty to detcriarate. ar commit waste on the Propeny. Borrower ehall be in defAUlt if any fbrfeiture __
<br /> � � ` "��' ' action or prc�ceeding, whether civil ar criminal. ia begun�hat in l.ender's�cx�d fai�h judgment rnuld re.gult in forf'eiture of the �
<br /> ' •�.i.. ' '�`�''°'` � � Propeny or otherwise muterially impuir the lien created by this Security Instrument or Lender's security interest.Borrower may ,.
<br /> ::;d, .�� �:,
<br />_, •-� :� , Y � cure such a default und rcinstate,as provided M paragruph 18,by causing the action or praceeding to be dismissed with a ruling �;:
<br /> "' ' �',��� , thnt, in Lcnder's good feith determination, precludes fodeiturc of the &irro�ti•cr's lnterest in the Pmpeny or othcr material �
<br /> " ,:;fi �.7r��7'��°° impair�i�r�u�i the iien created by this�ecurity fiistrument or lAr�ter's �cu�ity inter�st. &��-rower rhaU alsa be in default if
<br /> ".• �, ���f:'•; Borrower,during the loan application process,gave materi�lly Palse or inacrurs►te infbrniation or statememc to l.ender(or failed -
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<br />_-;;, ' �. .,�'� � to provide Lender wi�h any material infarnwtfon�in connection with the lua�ev�dmced by the Note, including,but not limited
<br />�,' " .f!;;_ • '� to, representationti cunctrning Borrower's occup�n.� of the Propeny as a prinri�:J residence. If this Security Instrument is an a ��
<br /> - ;� ,�,,,�`,�;;�;,.��.., Icnschald, aorro�rer sha!! cumply with nl! the provesians of the te:tse. Pf Sormn•er ucquirrs fcx titic to the I'roporty, thc =_
<br /> � ti'���•:. Icasehold and Ihc fee tide shall not mer e unless Lxndcr a rees�o the mer er in writin �''-
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<br /> ,i,��. 7. P ro t e c l l o n o f I.e n d e r s R l g h t s i n t h e P r o p e r l y.I f&�r m w e r f u i l s t o p e r f o r m t h e c o v e n a n t c n n d a g r e e m e n t s c o n u t i n e d i n �:.
<br /> = " ��"�l��" , , : this Security Instrument,or there is a legul pmcee�fing ttwt may tiignificanUy qffect Lender's rights in the Property (such su a 6=:-
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<br /> _ ,,,��, ,q�;.,,, � prcxeeding in bankruptcy,probate, f�r rondemrwtion or forfeiture or�o enfnrce laws or regulutions►, then Lender may do und �`
<br /> �'*;° ' '�d!�?*:,�s� pay for whatever is necessury to protect the vulue of�he Prnperty�nd L.ender's riFhts in 1he Property. l.ender'� actions may �
<br /> .�!�i % ;'�±�`•�;''�� ;i��' ,,.. include puying any sums secured by a lien which has priority over this Securiry Instniment, appearing in court, pnying �,.
<br /> .1,�.' . � ' �"��;'E�� rcasonab�e uttomeys fees und entering on tl�e Property to makc repairs. AUhaugb I.ender muy take srction under this parugraph �';:�
<br /> "�. ��';�:'"•'�% 7.Lender does not have ro do u�. �
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<br /> �:',,;, ' �, �+� Any amounts dosbursed by L.ender under ahis parngruph 7 shall fiecnm� uddilion•rl deM �if Bnrtuwer secured by this
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<br /> - ;�,• ;.:�; ;:,t.,f�.� Security Instrument. Unlesx Borrower und Lencler a�ree to other termx of puyment, thcti.:amountx ,hall bcar intcrest from the ;,";
<br />��:�,, ss;' �:;,•;;,r�;r,:�,:,�d dute of clisbursement nt the Note rate and shall:be puyable, wiah interes��, upnn noti�r fmm IAiuier w Born�wcr reyuesting ' `
<br /> � � � .:r'��F'��1r', payment. �.
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<br />'�.��-;i•• �,y�"�y. S. Mortgaqe Insurance.lf l.ender requirec!mongnge imuranre as�candition af making the loan securod by this Security
<br />-;���fi.� °• ,�''. ; lnstrument. Borrowcr shull pay the premiums required to mnintain the m��rt�age insur:�rxr in eCfect. If, for:u�y reuwn, the
<br />`'`'�l{`s��",�`��,< -�'�.- mongage insumnce coverage required Ay Le�ider lapses or ceu�e,to he in eFfc:�,&�rrower�hull pay the premiums required to ��•.
<br /> ._ ,: „. . ;�~� ;+�',+t;�,; ,
<br />`��°x '�• ' �'"�•�'R�x �• obtafn covera e substan�iall uivnaem tn the mort u�� insuran�e re�•iously in effect,at a ro.�tiubtitantiull e urvulent to the W
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<br />.�,;r;;i�', �"`•r:•���°��;s:±s� rnst to Borrawer of the im�n a e insur;�nce reviousl �n e�'I'ect, fmm un alternate nw�n u � imurer o mved b L.ender. If �a'`
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<br />-:ei� .44+ f;H;'��`ttr-: substnntiall ��alent mon u e insuranre rrn•eracr i.nat a�•ailablt, Borr���ccr,hall a ta l.endcr each month a sum e uul to �•`
<br /> �.�ti-' �;� •�.. .,,..•�E���� ,{; Y �� ' 8 R P'Y 9
<br /> ',..t s .,, � •° '4';,•.!•• ;.4,. one-twclfth of Ihc ycarly mortgagc intiuranrc prcmium hcing paiJ hy &�rroacr�,vhen tlk imuranre coverage I�ptied or ces�.�ed to
<br /> .i�. �.,;^,;.•.
<br />`.1�; � �, ':;Y", ., . be in effect. L.ende�x•i0i accept,usc und rc�ain th��c payments as a los. re:+ervc in licu oF mongage insurw�re. Lo.rs neserve
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