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<br /> - --`- -- 91- 105'rs� �
<br />� +, Flre��lood and qhe.�t�azard Inwr�ance. Bon+nwer�11 insuro all improvementx on the Property, whether now in
<br /> exiuenoe or subcaqucntly ercctad, a��in:t ony hazorda,caxualtiea,and contin�encfe�, including flrc,for which Lender requit+e�
<br /> - insurcianc=. This insurnnce nhall he maintainod in the wnaunts and for the periads tlwt l.ender raquircs. Borrawer slwll alw
<br /> insure ell improvements on the Pmperty,whether now in eaistence or suM�equently e►xted,againat laxs by flooda to tl�e extent
<br /> requiral bv the Socretnry. All insurenre shail be c�rried wlth campanies approved by I.ender.Thc insurance polieics u�d any
<br /> renew�l��Iwll be held by L�xier and�Iwll itulude loss payable clwwes in fAVOr of,�nd in a form ucapteble w,I.ader.
<br /> : : .,o _ - -� •
<br /> In tbe event af lacs. Borrower shell give Lender immediqte notice by mail. Lender may make praof oi loss if not trwde
<br /> promptly by Bon�wer. F.ach inaurance cumpany concerned is hereby Autha�lzed wed directed to make paymsnt for such lass
<br /> directly co Lender,instead of to Botrower And to Lender jointly. All ar any part of Ihe insurance pracads may be epplied by
<br /> --- Lendcr, at ita aption. either(a)to the reduction of the i�debtedness under thc Note and this Socurity Instrument, first to any
<br /> -�I delinquent wrwunts applied in ihe order in puagraph 3, and then to prepayment af principal, ar(b)to the restoration or re�wir
<br /> of the damaged Properry. Any appUcation of the proceeds ta the pdncipal shlbi not extend or postpone the due date of the
<br /> T .__�I monthly payments which are referred to in paragraph 2,or chunge the amount of such payments.Any excess inaurnnce proceeds
<br /> ;�� over an amount required ta pay all outstanding indebtedne.ce wder the Note and this Security Inslrument slwll be paid to the
<br /> '= entity legally entiped thereto.
<br /> �� In the event of foreclosure of this Securiry Instrument or other transfer of tiUe to the Property thet extinguiches tho
<br /> -==-.� indebtedtkss,oll right.tide and intercst of Borrower in and to insu�ce policie.c in force shall pass to the purchaaer.
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<br /> -�z'.� S. Occupsmcy, Prc�ervntion. �Tointenance And Protection ot the Property; Borrower's I�opn Applicatloni
<br /> r IxASedolds. Borrower shall occupy, est:�ulish. anJ u+: the P� �perty as 8orrower's principal residence within siaty dAys after
<br />��_.� the execution of this Securiry Instrument and shall continue ta occupy the Property as Borrower's principal residence far at least
<br /> - :a one year after the date af accupancy,unless the Secrelary determines this requirement will cause undue hurdship for Horrower.
<br /> �-�•:•sar�-_`-� or unless extenuating circumstances exist which are beyond Borrower's control. Borrower shall notify L.endera of any
<br /> eatenuating circumstances.Borrower shall not commit waste or destroy,damege or substantially chunge the Property or allow
<br /> �-'�� the Property to dc1eriorate, reasonable wear and tear excepted. I.ender muy inspert the Property if the Property is vocant or
<br /> - --—�°j� abandaned or the loan is in defau�t. l.ender may take reasonable uction to protect and preserve such vACant or abandoned
<br /> x� 3e� Praperty.Borrower sholl also be in default if Barrower, during the loan opplication pracess, gave materially false or inaccurate
<br /> ti„����.,�] informetion or statements to l.ender(or failai to provide Lender with eny muterisl infarmation) in connectfon wfth the loan
<br /> •> evidenced by ihe Notc, incl��dino, hut nrn limited co. representetians concerning Barrower's accupancy of�he Property as a
<br /> _��::� � principal residence. If this Security Instrument is on a leuschold, Borrower shall comply with the provlsions of the lease. If
<br /> '-;�°'� Borrower acquires fee title ro the Propeny, the Icasehold and fee tiNe shall not be merged unlesa I.ender agrees ta 1he merger in
<br /> ��I;� : writing.
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<br /> �;,,--�,.�'T'-".. . � 6. Charges to Bomower and Protectbn oP Lender's Rights in the Property. Borrower shull puy all gavernmental or
<br /> +r*�Pr.- �.,�!.�c• municip�l charges, fines and impositi�ns that are nat included in purugrnph 2. Bc>rmwer shull puy these obligations on time
<br /> •-.••��"��"P' �^' direcdy to the eniiry which is owed the payment. li fuilure to pay would adversely affect [.ender's interest in the Property,upon
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<br /> ".�x, �v.,�7�� " L.ender's request Borrower shull promptly fumish to I.ender reccipts evidencing these puyments.
<br />�:-�.�ar�,
<br /> �'`=��� If Horrower fnils to muke these puyments or�he pnyments required by paragruph 2,c�r fails ro perform any other covenan�s
<br /> ���Y�y�it�'� and agreements contained in this Security Instrument,or there is a Iegul proceeding thot may significantly nffect l.ender's righ�s
<br /> _��� V���l�i,,1
<br /> _��F;`,'°"r . in the Property(such us a proceeding in bankrup�cy, far condemnution ��r to enforce laws or regulutions), then Lender muy do
<br /> ,�..K. .:c,,r"' �:
<br /> _�a �;� l und pay whatever is necessary to protect the vnluc uf the Property and Lender's righ�s in the Property,including payment of
<br /> ��;. '�+• taxes.hezard insurence und other items mentbned in paragraph 2.
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<br /> ����^=�� � Any tunounts disbursed by Lender under this parugruph shull become an udditionul debt uf&�rrnwer and be ticcured by
<br /> �'�:-"�'�.: ��• this Securfty Instrument. Thesc amuunts shull bcar interest from the dnte of disbursement,at the Note rate, wid at the option of
<br /> >>��_._ _..,__°� Lender, xhull be immediately due und puyable.
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<br /> }�-�_ - • 7. Condemnwtion. The pr�xeeds ot'any award�ir claim for dumuges, Jirect or consequentiAl, in connection with any
<br /> '�� ` � � I condemnati�m or other�uking of uny pun of the Pmperty, or(or convcyunce in plare of condemnation,are hereby ussigned and
<br /> A�x:::- ��'���•�� ., . _.
<br /> '� . ; shall bc puid to I.ender to the cxtem of the full unx�unt oT the indebtedness that remuins unpaiJ under the Note und this Securiry
<br /> ' . Instrument. L.ender shull apply,uch pmceeds to the reduction�►F�he indebtednexs unJer the N�ite wKl this Security Instrument.
<br /> I first to any delinquent amoun�s upplied in thc iirder provideJ in purugruph 3, arxl thcn to prep�►yment of princip�l. Any
<br /> ,; upplicution af the pr�x�eJs to the principul shull not cxtend �ir �xn�ponc the Juc d•rtr uf the monthly payments, which are
<br /> . , I ��4RINE) vp.�o�s
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