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<br /> S. 11�td o� propwty lwewoe. Borrower�haU keq► Ihe improvemau� now exi�ting or Ibreatter erocted ua tLe
<br /> property imwned�aina lou My fl�e,hwrds inciwled wi�hin the term "mctcndad cover�e” �nd my aUier ha�astu,invludin�
<br /> fMods or�oa�din�,tor which l.aKlar roqul�+e�inwranoe.Thlo inwnn�x dull be awJnt�iaed ba the unouncs md for the pe�iad�
<br /> �ha�I.ender ro�uircrc�. 1'Ne imwruioe carrier pro�iding tha In�u�na chdl be clw�ee by 8ormwer eubjoc�to I.enda�'��ppr�ovd
<br /> which �11 not be un�ASOrubly wlth�eld. If Bormvuer fpilo to rtWnuiin cover�a deacribod above. L�der mwy. �t i.ender'�
<br /> option.obtaln ooverage to protoct L.ender'�rlahta in�hc Property in�;cardance with puagr�ph 7.
<br /> All inwnncx policia�td rcnewal��hall be acoepuble to I.ender ud ahail includa p itandard mortQaQe clowo. Lender
<br /> �hall have the dp�ht w bold the poltciea aad renewrls.If Lender requires,Bormwer shpl!promptly givc to I.ender dl rxeipt�of
<br /> paid prcmiwns�nd r+enewd notica.In the event of Iws� Borrower�hall Qive prompt notica to the iawranco carrier and I.er�der.
<br /> L,ender m�y mwke pmoP oP lors if not mada pramptly by Aormwer.
<br /> Unless Lender and Borrower dhawice agroo in writing.ineurance proceeds shall be applied ta rtstoradon or nqwir of thc
<br /> IMoperty d�nugad,if the rrstor�tion or rrpair io eaonomically feasible and Lcnder's sav�ity is not kssenod.!f thc restoration av
<br /> - eap�ir Ie i�ut wx��w�ni�ally feasible or Lender's securlty wauld be Icsscncd.the i�surnnce procads s!�!!N agp!!ed!o t�he aatm _
<br /> ��rod by tbie Socu�ity Inotn�ment. whether ar not thea due, with a�p cacess paid to Borrower. lf Bornowe��bwndaw thc .. -
<br /> p�rope�tY.oc doe�not�nswer wlthin 30 deys A notbo Gom Lender ths�t 1Ae ins�uAnce cArtier hns offered to settk s�c1Aim.then
<br /> I.ender ms►y oolloct tho insur�noe pro�000ds. Lender m�y use tho p�+ocaeds ta rep�ir or astore the Properry or to pay•xums
<br /> �ocwod by this Securiry 1�►sttument.whctl�er vr nd q�duci.The 30-d;�,�perlod will begin wf�ihe t►ntice is givcn.
<br /> Unless [.ender and Bomuwa'otl�e�wise�gna in w�iting, aax arpUeation of proceeds ta principal shall not extend or
<br /> postpone the�ue�t�of the moathl�r pa)'me�ts raPec�l tia in paaa���xaphs 1 and 2 ar change tDie amount of the payments. if
<br /> wider pu�g�ph 21 the Prape:nr is s�ryired Ay l.�nder, Borrower'e rlght w any ir�sursua�e palicies and procxcds resultiqg from
<br /> --------� demage to the E'rapCtty prhn�to the ac+quisiNwn ahul!pass•to l.ender to ihe eatent of the suu�zerured by Ihis S�oc.wity IastruiaeM
<br /> immediately f►t�ior'to the acquisition. '
<br /> �i,Oo�pn�rcy,Prwervation�llMintenonce And Protec/lon ot Ihe Property;Aormwer's l.oan Applicatiaa;l.e�seNatds.
<br /> Borrower shall occupy,establish.And use the Property as Borrower's principal residencc wlthin sixty days after the execudon of -
<br /> this Secu�iry Inst�ument and shall oontinue to occvpy the Property es Borrower's principal reaidence for at least or►;.year after
<br /> _ — the date of accupancy.unless l.ender othenvise agrees in writing.which consent shall not be unr+easonably withheld,or unlesg
<br /> extenuating circumstences exist which arc bayond Borrower's control. Borrower shall not destroy. dart�ege or impair the
<br /> - —= Property, allow the Property to detedoate. or commit waste on the Property. Bomowcr shell be in default jf any forfeiwre
<br />_ _:�_ action or proceading. whether civil or cdminal, is begun that in I.ender's good faith judgment could result in fort'eiture of the
<br /> - --- -- Property or otherwise materielly impair the lien crcated by this 3ecudly Instrumcnt or I.ender's security interest.Barrower may
<br /> �,��,�¢��■ cure such a default end�instate.as providod in paragrnph 18,by causing the action or proceeding to be diamissod wi�h a ruling
<br /> �� thnt, in I.cntl�'�g� faith determination, Qrecludes forfaiture of thc Borrower's intercst in the Property ar other matedul
<br /> �� impairnxnt af the lien crc�►ted by thiR Securily Instrument or Lender's security interesl. BoROwer shall ulso be in defeult if
<br /> Borrower.during the loan applicntion promss,gave materially false or inaccurate infom�ation or stalements to Lender(or faileci
<br /> to provide l.ender with any material infom�ation)in conaection with the loan evidenced by the Note, including,but�wt limited
<br /> to.rcpresentutians rnt�oerning Bomnwer's occupnncy of the Pmperty ac a princip�l residence. If thia Security Insinrment is on a
<br /> leasehold, Barrawer shall comply with all the provisions of the lease. If Borcower acqui�s fce title to the Property, tha
<br /> ,` leasehold and Ihe fee tille shall not merge unless I.endor agrees to the merger in writing.
<br /> 7.Protectian ot I.ender's Rlghts in the Property. If Barmwer fuils ta perfornt the covenants and agreements rnmwined in
<br /> lhie Security Instnttnent, or there is a legal praceoding that may significumly affect L,ender's�ights in�he Pmperty IEUCh as a =:
<br /> procr.eding in bankruptcy,probate, for condemnation or forfeilure or to enforce laws nr regulstians), thon l.ender muy da and
<br /> - � pay for whatever is neressary to pmtect the value of the Proreny und l.ender's r�ghtF in the Propeny. L.ender's actions may
<br /> include paying any sums scrured by a lien which has priority over this Secu�lry Insuument, appearing in cnun, puying -:
<br />. �,+.�..,,:„ _ reasonable uttorneys' fe�and ente�inR on the Propeny ta make r�apairs.Although l.cnder may takc action under this puragruph `
<br /> ��,�4, ' 7,l.ender daes not huve to do so. _
<br /> �'r:� . Any amounts disburscd by l.ender under Ihis pareFraph 7 shall berc►mc udditionul debt of Burrowcr secured by this
<br /> "�;� - 5ecurily Instrument. Unless Borrower uncl Lender ngree ta othcr tenns of pryment,these amounts shall bear imerest from the
<br /> �� ��'• date of diabursement �t the Note rnte an� shall be payable, with inturest, upnn notice from Lcnder to Borrower requesting
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<br /> �r�T :,.�.::N:. PuYment.
<br /> ��,:�.� 8.Mortgage Ingurance.If Lender rcquin�d nwrtgage insurunce us a condition ol'making the luan secured by this Security _
<br /> ; - -- Instn�ment, Borrower shall pay the premiums reyuiroJ io nwinluin the mortgage insuronce in cffect. If, for uny mason, the
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<br /> "" mortgage insurnnce caverage requfred by I.ender lupses or rcusc�to tx:in effect, Rnrrowc�shall pay the p►emiums reyuired to
<br />-� � ����:t�� abtuin coverage s�ibstantially equivulem to the martgoKe insu�unrc previously in rff��, ut u co�t wbswntially equivulent to thc
<br /> '��°��+-;• 1�'��' cos�to Borruwer oP the mongnge inwrnnce previously in effect, from un�I�ernute mongage insurer approved by I.ender. If
<br /> �`;��'�"'''��'4' substuntially equivulent morlgage insurunce coverugc is nat uvuiluble. &►rruwcr.hall pay to l.ender earh month u�um equal to
<br /> r`''"''"•"'`' '" one-twelfth of the es�rl mon u e insurance remium k+�in uiJ b &►rrower whrn thc in+uronce covero e lu sed or reased to
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<br /> ::- •• ��i'�� be in effect. Lender will uccept,u�are�rttain the�pry ment�a. a lo�x resNrve in liru of nxin�uge in+uraike. la�sti rcserve
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