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<br /> s. H.�ua or rroprtty ra�ac.nce. borna,wer �Iull he�p tue im�xovan��ta now e�cl�l,�'�i�"I��roa.a ao d�e
<br /> pncperty in�wted�g�imt lo�t by firo. 6�rds incinded withfn tbo tum "e�tended oova�e"aod�ay olher fwarda.{acJudiqf „
<br /> floods or floadln�. far which Lader roqui�inwr�aoe.Tbia iawraaoe�h�il ba m�intained in 1be�mouan uKl tor the period�
<br /> thu La�dcr requi�a.The insu�ance curia providin�the inwru�ca�lull be cho�en by Borrower wbject to Le�der'��ppmvd
<br /> which shall not 6e unreacorwbly withheld. If Aotrower fdl� w m�inWn coverage dexcri6ed above. l.ender mty. at Gender'�
<br /> optia�.obtain coverAge ta pratect l.ender's dght�in tho Prope�ty fn acconfer�ce with paragraph 7.
<br /> All inwrau�oe policia wd rcnewal�rh�Jl 6e aarptable to I.aider�nd ahall incluAa e shM�n1 mortg�a clws�. Y.ender
<br /> shall have the ri�ht w hofd the policiea and rencwals.if Lender rec�utres,Borrower ehall promptly give to I.cnder dl roaipd of
<br /> � paid Pnmiums and nenewd notlaa.In the event of loss�Borrower ehrll Qive prompt notice w the inturanrc o�rrler�nd Lendor.
<br /> l.en�ler may mafco proof of loss if not ms�de promptly by Borrower.
<br /> Unless l.ender And Borrower ah�wlae agroe in wdting. lnsuranoe proceods ahell be appliod to r+estoration or repAir of the
<br /> PropeRy d�ged, if the restaration or repair is oconomically feasible u�d I.ender's secu�ity is nat lessened.If the rostor�tion or
<br /> repair ic not eoonomically feasibl6 or I.ender's security would be lessenod,the lnsuranoe proceeds shall be�pplied W the sums
<br /> ---� sa.v�od by this Securiry Iiretrumem, whdher or�rot then due,wi� any excess ps3ci to 8orrower. If Hurruwer�aurtu�u the
<br /> P�operty,or does t�ot answor withlo 30 days a notice fmm Lender that tha insuranae aurier hag offered tu teale a clsim. tf�en
<br /> Ler�ler mAy collect the inruurance pr�uceoda. Lcnder mAy use tha praxeds to rcpair or rrstore tho Property or to pay eum»
<br /> zacured by this Socurity instniment.w6ethar or not thcn dne.Tbe 30�day period wBl 6egi�when the notice is given.
<br /> UNesa Lerder and Barrower otherwise ag�ree in wsiting, any application of pn►o�ds to pdncipwl shall nnt exte�d or
<br /> postpone tha due dnte of the monthly psyments refen�ed to in paragraphs 1 and 2 or change the amount of the ps�yments. If
<br /> under puagraph 2l the Property is acqujred by�Len�lec.Borrower'�right to any insuranc�polic�es anet procoods resulting fi�um
<br /> — damage to tbe Property Prlar to�he woquidN�s1ud1 pass to[.ender to the entent of tbe sums savrod by tbis Secudry Insdumait
<br /> LL�+ immediately prior to the acquisition.
<br /> 6.Oocup�ncy, Pr�servation,N[Aintawnee And Protectioa ot the Property;Borrower's I.oAn Applicatbni I.awel�oldr.
<br /> Borrower shall occupy,establish.and use�he Property as Borrower's principal residence wl�hin sizty deys afler the execu►Ion of
<br /> this Security Instnrrnent and shell continue to accupy the Property as Borrower's principal residenoe for at M,�st one ye�r aRer �
<br />°; the date of oocupAncy,unless l.ender otherwise agrces in writing. which consent shall not be unreaso�u►bly withheld.or unless '
<br />'�-r� eatenuating circumstances exist which arc beyond Borrower's oontrol. Borrawer ahall not destroy. danwge or i.mpair tbe
<br /> Property. allow the Properiy to deterbrate. or wmmit waste on the Properiy. Horrower shall be in default if any forfeitur�c
<br /> `' stction or proceeding.whether civil or crimfnal. is begun that in Lender's gaad faith judgment could nesult in fart'eiture of the
<br /> '''� Property or othetwise materially impair the lien created by this Security instrument or Lender's security interest.Borrower mey
<br />- cure such a default and reinatate,as provldal in paragraph 18, by causing thc actiun ar praceeding to be dismissed with a ruling
<br /> that, in Lender's good�'aith delertnir�tion. precludes forfoiturc of the Borrower's interest in thc Propeny or ather material
<br /> impairment of the lien created b�• this Security Instrument or Lender's security interest. Borrower shell also be in default if
<br /> • Bonawer,during the loen application process,gave materially false or inaccurate information or statements to Lender(or failed
<br /> � `"� ` to provide I.ender with any material infnrn�ation)in connection with the loan evidenced by the Note, including.but not Ilmitad
<br /> , ��'���..;`�� to.representations eoncerning Borrower's occupancy of the Proparty as a principal residence.If this Security Instnrment is on a
<br /> ' ,i "�`1�b-`�* leasehold, Borrower sh�ll comply with all the provisions of Ihc lease. if Eorrower acquires fee titla to the Property. Iha
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<br />� " �.�., ;... Ipsehold and the fee title shall not merge unless l.ende�agree�to the merger in writing.
<br /> �jii�i�;�';.°•��C�r' 7.Protectbn of I,ender's Righte in the Property.lf Borrower fails to perform the covenantb and agrecmenis conteined in
<br /> s��°�"'•��:���;_'�',Y,, this Security Instn�ment, ar there is a legal proceeding that muy significantly affect Lender's rights in the Propeny (such es a
<br />_ ".�,�,��:; proceeding in bnnkruptcy,pmbate,for candemnation or forfei�ure or�o enforce laws or regulalions), then Lender muy do and
<br />,.::�, �• ' ;:��„�; pay for whatever is necessary to protect the value�if'the Paiperty and L.ender's rights in the Property. l.ender's actions may
<br /> .r�� �,�`� � include paying any sums secured by a licn which hu� priurity over �his Security Instrument, appearing in murt, paying
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<br /> !+�i�4w��r���}•�?.''_v'��•��' masonuble Attorneys'fcrs and entering on tha Prupeny to muke repairs. Al�hough l.ender may takc nction undcr this�aragrnph
<br /> . ,.; .^*�;^'K�""�`� 7,Lender dces not have to do co.
<br /> '^�".�:'�''';�"':'"�"'.°;��,�: Any umounts disbur.sed by Lendcr undrr this parugrAph 7 shall become additionul debt of Sorrx�wer secured by this
<br />��''�'� � Security Instrument. Unlcss Borcower und L.endcr agrcr t�i athcr tcrn�s �if payment,thesc amounts �hall bear interext from the
<br /> • date of disbursement at the Nate rotc and shull be puyablc, with interest, upon natice fram L.ender to Borrow�er requesting
<br /> ;:' :�� . payment.
<br /> . � �13,; � 8.MortgaRe Insurance.If[.ender requir��l m�mg•r�;e intiurancr a.a condi�ion of muking the loan secured b�•this Security _
<br /> . ' Instrument, Borrower shall pny the prerniums required to ms�inrrin thc mi�nguge insurence in rffitit. IP, far any reason, the r
<br /> � •. � mortguge insurunce coverugc requimd by LenJcr I•rpsc,or rru��s lo he in effcYt. Borrowcr shull ps►y thc premium� required to
<br /> - � obtain coveroge subs�antiolly eyuivalent �o the m��rtg•r�e in,urance previou�ly in el'fc��,at u cuct suhxluntiully equivAlent to the —
<br />. •r- ���-� • � cost ta Borrower of thc mongage insurancc previoutily in ePfctii, from •rn ultcrn•rtr nx�rtgage in�urer approved by Lender. If
<br /> '� `' , substuntially equivalem monguFe insurunce cuverugc i+nat uvailublc, Bor�owcr,hall puy a�Lender each m�mth a sum eyual to
<br /> ` one•twelfth of�he yeurly mortgagc insuranrc prcmium IxinE paiJ hy Bnrra��•er whcn thc imurunce ci�verage I�p�d ur ccuscd to —
<br /> y`�'. �" be in effect. Lender H�ill accept,usc and mtain�he�e paymrnt+uy s�lo,. reserve in lieu of mim�uFe insur,u�ce. Loss retierve -
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