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<br /> S. I�wed or Aroperly l�urana. Barrower �IWt icoep t�o im�provpments nuw esiain� or ha�e�ttac erected an tl�e
<br /> PmpertY inwrod y�dn�s lou by Gro, hwrds lncludal within the term 'oxta�ded coverye" and any o�her hvandi, includln=
<br /> flaod�or floodin�,for which I,pixter roquites inwnnoe.Thia inaurmoe eball be m�intained in�he smounu�nd for the perlads
<br /> that Lender roquirrs. Tho inaurnncc carricr providin�the inwrruxe ah�il be cho�en by Bortower suqjact to l.ender'�appnuvtl
<br /> which:hall not be unreasonably withhcld. If Borcower fhils ta msintain coverAge described above. L,caxler m�y. �t l,en�kr'�
<br /> option,obtaln coverage to protect I.ender's rfght�in thc Property in ar.cordance wlth pnragraph 7.
<br /> All insurou�oe poNcies and renewala shall be ac�ceptable to Lender and alwll inciude a standard mortgn�e clause. l.ender
<br /> _._��,.,_,.,,,,�...,,_ �1u11 Iwve the right to hnld tho policies and renewals.if Lcnder requi►es, Bornawer shall pmmptly give to Lender all roaipts of
<br /> paid prcmiums and ronewal notices.in the event of loss.Borrower�hall�ivo prompt notica W tho lnwrance carrler and Let�der.
<br /> Laider may rtwke proof of loss if iwt made pramptly by Bormwer.
<br /> Unless Lcndar and Borrower otherwise agrce in w�lting.insurance praoeods shdl ba appljed to restarntion or rcpitir af tha
<br /> Property damAged.if the rcstoration or repafr is eooaomicaliy fwsible and Lender's sau�ity ia nat lessened.If the r+estaration ar
<br /> �-_� -� ropair is nat economicallY fwslble or l.ender's security would be lessenad, the insu�nce proceeds slwll ba applled W tho sumc
<br /> suurod by this Security Incwment, whether or not then due, with any exces.g paid to Bomower. If Borrower abanda�s the
<br /> Property. or does not answer wi�hin 30 days a natice from Leader that the insurancc carrier has offerod to settle a claim, then
<br /> Lender may collect the insurance proc.�ds. L.ender may use the proceeds to repair or restore 1he Property or to pay sume
<br /> securod by this S�u�lty Inshument.whethe�or not then due.The 30<1ay period will begin when the m►ticx is given.
<br /> Unless I.ender and Borrower otherwisc agree in writing, any applMation af proceeds to principal shpll not cxtcnd or
<br /> postpone the due date of tho moMhly payments rcferned to in paragraphs 1 und 2 or changs ttie amount of the paymanta. If
<br /> under parngraph 2f tho Property is acquirad by.I.ender. Borrower's right to any insurar�ce policies and prnceeds resulting foom
<br /> -=- damage to the Property prior to thc acquititian shatl pass to Lender to the extent of the auma secured by this Security Incuument
<br /> : i�nmodistcly pr�or to tho acquisition.
<br /> - 6.Occupancy,Preservatian,N1Aintenance and Prntection of the Property;Bomower's Lain AppllcAtion; I�easeholds.
<br /> Borrower shall occupy.establish,and use tlie Property as Bonower's principal residence wilhin sixty deys after the execudon of
<br /> '�:' this Securiry instnnnem and shall continue to occupy the Property as Borrower's principal rcsidence for ut least one year aRer
<br /> the date of accupancy, unless Lender othenvise agrees in writing. which consent shall not be unreasonably withheld,or unless
<br />``�'�� extenuating cincumstunces axist which are beyond Barrower's control. Borrower shall not destroy. dam�ge ar impafr the
<br />- Properry, allow the Propeny to detor�orete. or commit ws�.ste an the Propeny. Borrower shall be in default if any forfeiture
<br /> z � action or proceeding. whether civil or criminal,Is begun that in Lender's good faith judgment could result in forfeiture of the
<br /> Property or otherwiae metedally impair[ha lien created by this Securlty Instrument or Lender's secu�ity interest. Harrower may
<br />;.;�i cure such a default and reinstate.as pnnvided in paragraph 18.by causing the action or procceding to be dismissed with e mliog
<br />_=_�� that. In Lsnder's good fsith determinasIon, Yrerludes forf�ltuse of the Sarr+ouer'� interest in thc Praperty os oil�cr m�tcria!
<br /> , •'.?�•:+,,; Impairment of the lien crealed by this Serurity lnslrument or Lender's securiry interest. Borrower shall also be in defAUlt if
<br /> �'�'• °"�� Borrower,dur�ng the loan eppliraiion pracess,gnve materi�lly fAlse or inaccurnte informatlon or statements to[.ender(or failed
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<br /> �r to provide I.cnder with any material information)in connectian with the loan evidencal by the Note.including, but not limited
<br /> l� .�;R{�t"-.'{a
<br /> �-v•��'��'; to.representatinns rnncerning Harrawer's occupancy of the Property as a pri�cipal residence. If this Security Instrument is on a
<br /> ;"'s=�'�=''� leasehold. Borrower shal) rnmply with ail the provisians of the lease. if Borrower acquires fee tide to the P�vperty. the
<br /> '.� '•" � leasehold and the fee title shall not merge unless Lender agrees ta the merger in writing.
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<br /> ��''"�'� � 7.Protection oP Lender's Right�in the Praperty.lf Borrower fails to perfortn the covenanls and agreementa conteined in
<br />— � �''' '� this Security Instrument, ur there is a legal pr�keeding thut may significantly uffect l.ender's rights in the Property(sueh as a
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<br /> _ •.�, praceeding in banhruptcy, probnte, for candemnation ur forfeiture ar to enforce Inws or regulations),then[.,ender may do and
<br /> ��- _ pay for whatever is necessary to protect the vnlue of the Propeny and l.ender's ri�hts in the Propeny. Lender's actions may
<br /> `` ' ' include paying eny sums secured by a licn which ha.� pric►rity over �his Security Instrument, appeariog in court. paying
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<br /> - �. �:��z. ,. . ,� reasanable attorneys'fces and entoring on�he Properly to make repairs. Al�hough Lender may take acli�n under this paragraph
<br /> ' ' t-���.v�6rby'; 7. Lender Jues not have to da su. _
<br /> �`h�°��°°��'^i � Any amounts disbursed by Lender under thix parugraph 7 shull become additi�nul debt of Bnrrawer secured by this
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<br />- , _���ryc�.�:._ t�;:�; Security Instrument. Llnless Bc�rrower and Lender ugrer to�ithcr terms of payment, thesc amoun�s shall bear interest from the
<br /> _ - date of disbursement at the Note rate uixl shull be pvyable, with inter+est, upun nwice from L.ender to Burrower requcsting
<br /> •:...:�_ , .~��' payment.
<br /> �' �" � 8.Mortgoge Insurance. If L.cnder rcyuired mongage insuruncc cu u cundiliun uf muking the loan secured by this Security
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<br />�v�'.... �• •.•�° Instrument, Horrowar shall pay the premiums reyuired to maintrin �he mortguge insurunce in efPect. If, for any reason, the —
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<br /> �: � � , • mortRage insurancc coveruge required by Lender lupsez or ceascs to t�e in effert, &mower tihall pa}•the pmmfums required to
<br /> _�`- ,.<s,� . obtain coveruge substuntiully equivalent to the nwngage insurunce previously in efl'ect. ;�t a cnst subs�antinlly equivalent to the
<br />�� � ���:�+ cost to Borrower of the mnnga�e intiurunce previuusly in rfl'ert, from un ultcmute mc�rtgage inwrer approved by I.ender. If
<br /> �►�"* ' �� substantiully cquivulent mong�ge insur�nce�rn�crage i+not uvailaMr,Burcuwer tihal I pay to Lender each month a sum equul to
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<br /> j �'•"•" " ' one-twelfth of the ycarly mortguge insurunce premium bc;ing puid by Borrowcr whcn the insurancc coveruFe Inpse�d or ceased to
<br /> �;���.,K�+,� be in effect. l.ender will uccept, use und retain these paymemx ua u lo.r•s rckrve in lieu of mortgnRe insurance. l.ciss reserve
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