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<br /> � ''� 102763
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<br /> �;, , S. R�rd ar Pe+upa'ty Irwraace. Borrower chall koep �he improJl�Al+u� now exiping or hereaRcr cnectad �tbe
<br /> �s'��a� � propc�ty iasuad�ainu loss by firo�tuiatds includod withie tho tarm "extended oove�ge'and any dher haTa�. S
<br /> � ttoods or flaoding.fix which La�der ro9uircs insuranoc.This insu�shall be rnsintainod in�he�nounts and for the putod�
<br /> th�t Ir.nder roquira.The ins�uanoe curicr providing the insa�noe shal�be c6osen by Barmwer subjact to Len�kr's�pp�uv�l
<br /> -.;',� �', which�thall not be unrcason�bly withheld. !f Borrower idlc to m�intain rnverage describod abovo. L.eader n�ay.at Leoder'�
<br /> ".-�, aption.obhla oove�e ro pratoct L.eader'r right�in�he Prc►peny in axondat�e with pAmarnPh 7. e clwuc�. L.a�der —
<br /> All insuanoe policies And nencwal9 shall be xoeptwble to Lender wid shwli include a standa�d mortBAB
<br /> thall have U�oght to hold the policics wwf rcnew�lc.If Lettdcr rcquires.Bormwer�hall puimptly give to L.cnder all rooelpte oi �-
<br /> • � , . �d p�u�yu�d re�ewal noticea.In tha event of lass.Bornuwer siwll aive pmmpt nc�tiac to the inwrancc ciuricr and Leade�.
<br /> .' �, i M I�oder moy tnnkc proof of Inas if nw made promptly by Borrower.
<br /> � ���'=��� _=° Unless Lender and Bormwer dhcrwise aigroo in w�fting.lnsurance prao�ds siwll be applied to restoration or repair of the
<br /> —�"=�"=.�'�' p�npeKy dwmagod�ii�he rcstoration o�tqwir ic oconomically fwsible and I�nder's socu�ty is oot lessened. If the restoration or
<br /> - --�:-_'�`?�'�.,:� tqwir ia not eoonomically feasibte or l.an�ler's secu�iry would be lessened,the insurnnce proceeds sball be applied to�he wms
<br /> ===F:: securod by thic Setu�ity Insttument,whether ar not then due, with any excess paid ta Bamower. If Borrower ab�ndo�u 1he �
<br /> — :��4 �-�-" propeAy.or daes nat anrwer withio 30 duys a notice from L.endcr tFuu the insurance carrier Ms o�fered to s�eale a claim.�hen _
<br /> �-��:�, or to sw�
<br /> .��� I.tnder may oollect the iasurance pn�ceeds. l.e�r may ube the p�ods to nepair a restare the Property pa�Y _-
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<br /> ��.,_-��.:��� �urod by this Socudty lns,tn+ment.whether or not Ihen due.The 30-day periad will begin when the notice is g��en. _-
<br /> --°� Unkss Lender and Borroarer ottie�vrise ag�ee in wdting, uny Rpplication of praaeed.c to priacipal shall �x+t cxtend or �
<br /> �°-�„��.= s I and 2 or ch:m e the amount of the pa��neaNs. !t'
<br /> - �.: pos�pone the d�date of the monthlY P'�Ymecks refercesd ta in parnBraph B
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<br /> ,�+ �'��.��..•• '' under 21 Ihe P�opertY is acqui�ed by l.ender.Borrower's right ta any insur.uue pulicies and procc�eds tpsulti�g i'�+m ''j;.;
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<br /> _.s,,,�, dartwige to the Pn�perty prior to tAe xquisitioo slwll pa�to�n�ler to the exteM ot ibc s�nY s�ured b this Secu t n�ir�
<br /> -�,�.._,�,:...,. �"gts._._
<br /> -��� • io�nodiately prior to the acquisition.
<br /> .:�~. , � .' ^ 6.Oaupau�y.P�+eservAtloa,Maiat��e and Protectlon ot Ihe Prope�tY;Borrower's I.ww Applicatlo�:I.rASe6oC3�,
<br /> `°"'"� .• `• Borrawer shsll occupy.eswbUsh.and use the P�operty as Borrower's principnl residence within sixty days after the execulion of
<br /> - :. , ''�'�'�'` �� rt ac Borrowcr's rin 1 residence for s►t Icast one year after
<br /> y:' � zx,�;. .. .'. ' dus Security(nstrument and shall cominue eo uccupy the Prope y P �
<br /> � '�'�� ��,y ��µ„Q��UPAIICy. unless L.ender othervrise agrees in writing,which consent shall not be unreasrnwbly withl�eld,or unless
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<br /> :';:�- cxtenuating circumsuinces exis[ which a�+e beyand Borrower'a controt. Borrowcr shall nat destroy, damage or imp�ir the
<br />�;;,_';:., ; �•,t�� prope�ty,allow the Property to deteriorate, or commit waste on the Pn�percy. Bomawer sh�ll be in default if any forfciture
<br /> ;-;�:�1: �• �;�� oction ar proceeding, whether civil or criminal, is begun that in l.ender'x good faith judgment could nesult in forfeiture of thc
<br /> *';,�?;:; .. . ;- property or otherwfse owter�ally impair the lien creuted by thia Security lnstrument or l.ender's security i�tercst. Borrower may
<br />��;;;;;;;; �.;�,:, ,,,�,,:;�;, cure such a default and rcinstate.ua provided in paragraph 18,by causing the uction or pmcceding to be dismissed with a tuling -�-j.t;
<br /> "�'�� - tAat, in Lender`s gaai feith deterniiro�iiuu. pruiudzs tart'citurc af ihe 9orroe:�er's •.�!•r�s� in thP Pr�•rt�• �u other materiul _�
<br /> �'» '•' ' � impaimua►t uf the lien crcated by this Security Instrument or Lender's Security irxen�t. Borruwcr shall also bc in default if
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<br />•?::.°°: � Borrower,du�ing the loan application pmcess,gave materially false or inaccurnte inforniation o��•.�t�ments to I.ender(or failed
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<br /> ..;;;..:,,�.�. � � to pmvida Lender with any tnaterial infomiatian)in connection with the la►n evideaced by the 3�.tic. including,but not limited
<br />.���•,,�,���, .��;i•'a,,r.."•' �• to. rcpr�.sentations rnnceming Borrower's accupancy of ihe Properry as a principal �eside�ece.If�Q�is Security la�aument is on a
<br /> � ''� leasehold, Bomnwer shall comply with all tho pruvisions of thc leasc. If Bcxrow�er acWaair:• fce title to the Property. the
<br /> • c;r:�.,' '.•. . —
<br />�•'���`="•� leasehold and the fee title xhall aat mergc unless Lender agrces to thc mcrger in w�iting. -
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<br />,.,,f,�;.,� � .,''�� , 7,pratection oP I.eader s Rights in the Property.If Bormwer fails to pertbrm the covens�mts and agroements contained in
<br /> •�• ����.1;.1�,r ,...�'�� ": this Security Instcument,or there is�legal proceeding that may.igniticandy s�ffect Lender's rights in the Pmperty (such as a �+�
<br /> �'�frh�. ,;��~;';•• praoeeding in bankmptcy,pmbate,for rnndemnntion or forfeiture ar to enforce luws or regulntions), then Lender may do and
<br /> ' �`'�'�}� ' A for whatever is necessa�• to pmtect the value nf the Propeny nnd l.ender's rights in the Property. Lender's actions may
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<br />,-- ° •r ' •• include paying eny gums u+umd by a lien which has priority ovcr this Security Instniment, appearing in coun, paying
<br /> �„'�;;;' ; ' ° '_ �: �w};Q;;�"';l reasonablc Auorneys' fecs und entering on thc Property to rnakc repuirs. Although l.cnder may ta�e action under this pa�agraph �_
<br /> `:'�i.:.�:;, .,:. • ' . •":` 7. Lender dces not huve tu da so. �-
<br />����`t'�"`�•� , �' Any amuunts disbur4�d by l.ender under this para�raph 7 .h•rll hecome addi�ional debt of Borcower secured by this �
<br /> is-�,
<br /> ';. � ° . . �. S<:r:urity Inst�ument. Unles.Darrower:md L.cndcr agr�w a�othcr tcm�s of pryment, thcse amoums xh•rll xur intcnest from the =_
<br /> �1 � date of disbursement at thc Nntc rnte und shall bc payablc, with intcrcxt. up�m notice fmm I..cndcr to Borrower requesting
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<br /> � ;,. , e' ' payment.
<br /> - • • �--.�� •• 8.Morlg�e lnsurance. If L.cndcr reyui�eJ mnrtgugc in.rurancc a�a conditi�m��f muking thc loan securcd by this Security ___
<br /> ;�tl� '. � Instn�ment. Borroaer FhaU puy the premiums reyuir��J to muintain the murtgage inwrance in effect. lf, for any rcason. the =-=�:
<br /> �._�:
<br /> `" �li' ' �nortgage insurancc covcra�te�.•quircd by L.cnder 1•rp�:s or cc•r+cs to Nc in effcct. Bormwcr sh�ll puy the premiums required to _.
<br /> ' ''''�'�. :'•;;.,��,.� obtain rnverage substentialh c.v7uivalent to the mortgugc insurnncc previously in effcct,at a cost subsrontiully equivalent to the '�"
<br />:'�,',`,��; `' � •:ly,:� ca�t to Bc►rrower oP the mortgage insurancc previ�iuxly in effect, from an ;dtcrnate mongage insurer approveci by I.�:nder. If �-
<br /> `'��' -° � iti: subsutntia9G}c,cauivalent mortgagc insuranc�covctz�ge is not uvuilablr.Oormwcr shall pay t��L�nder each month r sum��qual to �L
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<br />;:i�,�ir,' ; �. one-�welflh oi�the yearly mongage insuronre prcmium l+eing paid h} Hvrro�.cr �th.r�ht inwrance rnverage lapsed or ceused to
<br />'?'•i'.. . .'..� bc in effect.I.ender will accept.use;u�d retufn these pacrricmx w u lass resene in la�u ��i' mongage insurana�. l.oss rcserve
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