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<br /> s. em�a a Pr�p«ty I�a�rmoe.aatrowa .ntl� Iceep c,b lydpnovert�em, raw exi�tlag ur I�er�eafter a+ectea an the
<br /> Property iasurod a�irut loas by flro�fwards in�luded wlthin �ha term'extandod vovec�e" uid �ny atlrer Fwzud�. laclud�in�
<br /> n�o�n«�au,8,for which L.ender roquircs insur�nco.Thi�insuruice�hall be nwint�inad in 1he�mounu and for Ua paioda
<br /> .th�t lander requira, 'I1a irou�w�ce carrior pmvidiag tho inwruice�h�ll be choaen by 8orrower wbject to Lendcr's q�proval
<br /> which s�ll not be unreawnobly witNheld.[f Bacrower f+�lle w mdntain coveraQc deccri6od �bove, Lender may. �t I.ender'�
<br /> c+ptlon.obUin cover�ge ta protxt I.ender's ri�hta in the Property in�cr.ardanoc with p�ragnph 7.
<br /> All insunnco pc�Hefes�nd nnewals shall be 000eptablo to i.ender tnd shal) includo� standard moRgpge clnuse. I.ender
<br /> �II have tho dYht to lald ihe policie�and ienewal4. If Lender roquira,Bc�rrower ah�ll promptlY B1vc to L.endcr�II rooeipte of
<br /> "'��""""'-' prid premiurrw And reriewW noti�. In If�evFan of loss.Borrower chWl�lve prumpt notico to Iho insurance aurier su�d I.ender.
<br /> Larider nviy m�o proof of low if not rtade pmmptly by Bomnwer.
<br /> Unleas La�cter�d Borrower�xherwl�e agrce in wdting, insurance prooeede ahall be appllod to restora[ion or rcp�ir of tho
<br /> i Property d�m�yed.iF tho rcstorAtion or rep�dr L oconomlcelly Fe�ible and Lender's savdty is not lessened. If the rcstoratfon or
<br /> �� _ rcpalr is not economie.�lly fe�Rihle or Lender'e eecurity wrwl�l be lessemd. the insurance praceeds shall be applicd[o the euma
<br /> securod by thie Saurlry inetrumcnt,whet4er or not then due.with any eacess paid ro Borrower. [f Horrower abandons the
<br /> � Property.or daes not answer wlthin 30 dayc a nodce from Lender ihat�he insurance carrier has offered to settle a claim,then
<br /> ixnder may collect the insurancx pmceeds. Lender may use the proceeda w repair or rcstore tho Property or to pay sums
<br /> �ecurod by Ihia Security tnstnunent.whether ar not then due.The 30�duy periad wlll begin when 1he not�ce is given.
<br /> Unless Lcndcr and Horrower othorwlse�gree in writing, any applicatlon af proceeds to principal shall not extend or
<br /> pastpo�e tht due date of tha moMhly paymenir referned to in paragraphs 1 and 2 or chenge the amaunt of the payments. If
<br />_,r t under p�u�graph 2I the Pnoperty i9 aoqui�ed by Lender.Borrower's right to wny insur�nce policies and procoods resuldng from
<br /> dart�ge to thc Pnoperty prior to the�cquisitbn�twll pass to Lendor to the eatent of the aum�savred by this Secadty Instrumeru
<br /> - immediately pdor to the acquisition.
<br /> " 6.Oocupancy,Pe+�ervatlon�Maiatea4noe s�ad Protection ot the Property;Borrower'r�Loan Applicadoni Le�olde.
<br /> �, Borrower shall oexupy,establish.and use the Property es Borrower's principal residencx within sixry days after tbe executlon of
<br /> this Sccurity I�trument And shail cantinus to oocupy the Property us Borrower's principal residence for at least one year after
<br /> ��� the date of occu�ancy.unless Lender otherwise agrees in writing, which consent s6a11 not be unreasonably withheld. or unkss
<br /> '; extenuating circumctanas exist which are 6eyond Borrower's control. Aorrower shall not destroy. damage or impair the
<br /> � , Pmperty.allow the Property ta deteriarate, ar commit waste on tha Properry. Horrower shall be in default if any forfeiture
<br /> action or proceeding, whether civil or criminal,is begun thet in L.ender's good faith judgment cauld result in forfciturc of the
<br />- -�` Property or otherwise meterially impair the lien cre�ed by thia Security Inslrumeot or Lender's security intere.u. Borrower may
<br /> � cure such a default and reinstata.as provided in para�traph 18, by causing the action or proceeding to be dismjsse�with a ruling
<br />���;• that, in Lender's good faith detertnination, precludes forfeiwrc of the Borrower's interest jn the Property or other m�tcdal
<br /> ��•�• - �.�,Y��� impairment of the lien created by tnis Secunry Ins�niment or l.ender's security interest. Borrower si�eff aiso be in defauit if
<br />°:�'?':��. �� �,�y,,���?;°.t?�', Borrower,during�he loan applicatioo process,gave materially false or inaccurate infom�ation or statements to Lender(or failed
<br /> :��:;. �.��,.�.�.:, .,;;.
<br /> ,* .,;}��;�--A.'',�,,.fit;�,}j�� to provide I.cnder with any material inforrnatian) in connection with the loan evjdenced by the Note,including, but not limited
<br /> ° �:-� � .;t,�"t"� to,rcprcsentatlons conceming Barnower's acupancy of 1he Property as a princip�l residence. !f this Securiry instrument is on a
<br />>,�. �'�"� ;�';f!t�c;� leaschold, Borrower shall comply with all the provisions of the lesse. 1f Borrowcr acquires fee tiNc to the Praperty, the
<br />::�.•� .='�t'`:z°,f"��;.};;, ��''� leasehold and the fee tiUe shall not merge udess C.ender agnxs to the merger in writing.
<br />-_ �'�.'`,i`�°��'.,`. ' �� 7.ProtecNon of I.ender's Rlghte M the Property.lf Borrower fails to perform tha covenants and agreemenis rnnteined in
<br /> - "'�i�('�'?abi fi!;'tir
<br /> F 3,i.;'. �, r,., this Security Instrument,or there is a legal praceeding that ms�y significantly u�fect I.ender's dghts in the Properiy (such as a
<br /> proceeding in bankNptcy, probate, for condemnsition or forfeiture or to enforce faws or regulations), then Lxnder may do and
<br /> ;�� ;`.��. �.� ,.:,� pay for whatever is neassary to protect the value of the Pruperty and Lender's righls in the Property. Lender's actions msy
<br />:i��� �� �'w`:1'•',:j; inelude paytng any sums secured by a Ikn which hac priority over this Security Instrument. appearfng in court, pnying
<br />'�"�`•�` rcasonable attameys' fees und entering o��he Property to make repairs.Although L.ender may talce action under this pere�raph
<br /> ::".` ,.��,.,,;:•.,r, ,:.; �, 7.l,ender dces aat have to do so.
<br /> �;, «;-�;�,.,�,�;�;�>�.t: Any amounts disbursal by Lender under this paragmph 7 shall become additional deb� of Borrower secured by this _
<br /> _,;,,-, ,•� ��"°` Security lnurument. Unless Bonowor and Ixnder agtee to other tertns of payment, these amounts shall bear interest Gom the -
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<br /> �;`�,.;:�`� �:.:::.�...,�•,,:•, date of disburserneat at thc Note rate and shell be payable, wlth interest. upon notice from l.endar to Borrower requesting
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<br /> .:',.- � xv,, ;.'':;. PaYment.
<br /> ? �ic.'� .� `'� S.Mortgage Insurance.lf l.ender required mortgAge insurance as a condition of makin�tha loen secured by this Security
<br /> � �+ { Instrument, Borcower ahall pny the prcmiums required tu maintain the mongage insurnnce in effect. If, for any reason, the
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<br /> " " ;r.�,: �� motlgage ineurence coverage required by Lender lapses or ceuses to be in effect, Borrower shall pAy the premiums requircd to
<br /> .i�;.,i .,
<br />-`:-=.,� m;� , ,,;,. obtain mverage substantially equivalent to the mortguge insumnce previausly in effert,ut o cost substantially equivalent to the
<br /> ���•'' �c�i• • ,,:;�t'� cost to Borrower of the mort a e insurance viousl m effect, fru�n an alternate niort a e insurer n roved b I.ender. lf
<br />-°i.! .. e�+: wn;• ; B 8 P� Y � B S PP Y
<br />_-,_SS :::,�;� ;,���'• substantially equivalent mortgage insurance coverAgc is not uvAileble. Borrawer shall pay to L,ender each manth a sum equal to
<br /> • �"� , one-twelflh of the yearly mortgage insurance prer�iium being paid t+y Borrower when the insurance coverage lapsed or ceased to =
<br />-� ' k�,�1���.,-••;�•,. : ��: be in effect. Lender will eccept, use and reufn these payments ac a loss reserve in lieu of mortgage insurance. Loss reserve -
<br /> ':': !r�� ' '� Fam 30Y8 9/!0 `_
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