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<br /> - d. Hw�rd or 11�o�'ty Ina�r�a. Bonewar �ll kap Iho lerproven�enu now esiMli or hereaRcr eraYed on tho
<br /> Property ituund��In�t lo�by firc. hwrds included within Ihe term "e�ctended aoverago" ud any dher t�ards.includin�
<br /> flooda or floodin,Q, for whhch I.ender roquircs inaunnco.Thb 1nRUau�ce alull bc m�intwinod in 1he am�wnte uu1 Yor tho periodt
<br /> tlu�t Lender requirea.The iruuranoo car�ier pmviding the inaunux:o 4ha11 be chosen by Bomuwp�cubject to t.edler'e app�ovW
<br /> which dwll rwt be unr+ev�nably wilhheld. If Qarmwer faila 1u maln�n coveage de�c�ibed�bava, I.ender mry. w La�der'�
<br /> option,c►bWn cover�ge to protoct l.ender's rf�hw in�he PrapeAy in accor�dance with parag�aph 7.
<br /> Ail inwr�noe poticies and nnewdr shall ba �cceptrble ro l,ender rnd �iwll include a standard martg�ge cl�uje. l.ender
<br /> - �- ---°--� dwli Iwvc thc right to hold thc pulfcicac suuf rux;wa►Ic. If Lc:ixicr r.x�ui�cs. 8orruwcr bhull prompdy givo lu L.cncicr all rcccipts of
<br /> p�id premiums md renewal natices.ln the event af lose,Borrowar slwtl�ivo prompt noticx to the in�uronpo carrfer and Lender.
<br /> I.ender may maka proof af loss if not made pmmpcly by 8orrawer.
<br /> Unlass Lender and Barmwer othcrwisc agroo in writing,lnsurance p�s shull be applied to rer�tars�tion or repair of the
<br /> Praparty dwnaged,if the rcstoration or rcpalr is oc.roroMcally feasible und Lender's security is not lessroed. If the rcswr�tion or
<br /> rcpnir is iwt ernromicalty feasiblc or Lendcr's aocurity would be Icssened,the insurance procceda shal!bts Appliod W th�sums
<br />--- ------- s�xurtd by this Secur(ty Instrument, whethcr or rwt thcn due, with any exccas paid to Borrowor. If Borrowcr abnndonc the
<br /> Propeny.or does not answer wlthin 30 daya a notice from I.ender that the insura�►ce carrier hns offered ta aettle a claim,the�
<br /> Lender rnay eollect the insuronce procceds. Lender may use the praceals to repair or restore ths Propc=try or to pay eums
<br /> secured by this Secu�ity Instrument,whether or not then due.The 30-dey pedod will begin when 1he natiea ia given.
<br /> --- Unless Lender and Borrower otherwlse agra in writing, any application of pra�eds to p�ineipal �hall not oxtend or
<br /> postpone the due date of the monthly payments neferred to in paragraphs I and 2 ar change tha amount• of the payments. If
<br /> under puagraph 21 the Property is acquired by L.ender.Barrower's right to any insurance policies and pnvrmeds rcwlting from
<br /> damage to the Prope�ty prior to the xquisition shall pass to l.en�ler to the extent of the suros sacured by thiA�Sa:urity L�strument
<br /> -���' lmmediately prior to the acquisition.
<br />= 6.Oaeupaay,PreservAtion,Ms�Intenance and Protectian of the Property; Bocrower's l.oan App![a�lion;I.eacehalds.
<br /> Borrower shaU occupy.establish.and use the Property uc Barrower'R princiPal residence wlthin sixty dayo ufter the eaxution of
<br /> this Secu�ity Instrument und shall continue to occupy the Property as Borrower's principal residencc for at Icast one year after
<br /> the dete of occupancy,unless i.ender otherwise agrees in writing.which oonsent shall not be unreasanably withheld,or unless
<br />_. ' extenuating circumstances exist which are beyond Borrowcr's rnntrol. Borrower shall not destroy. dnmage or impair the
<br /> � Property. allow the Propeny to deteriorate, or commit waste on the Praperty. Borrower shull be in default if any forfeiture
<br /> action or proceading,whether civil or cdminal,is hegun that in l.ender's good failh judgment could resolt in forFeiture oP the
<br />--� Propeny or otherwise mater�ally impair the lien created by this Securiry Instniment or L.ender's security intorest. Borrower may
<br /> cure such a default and reinstete.as provided in paragraph 18,by causing�he action or praceeding to ba didmissed with a ruling
<br />• `-— that. in I.ender's goad#eit6 determination, preciudes iorfeitu� of the Fiorrower`s intcrest �n iho Propatty or other materlal
<br /> i� impairment of tha lien crcated by this Security Insaumenc or l.ender'F security inlerest. Banower shull��also be in default If
<br /> �,;,.,w„..;�;.....: Borrower,during the loan application pracess.guve materially false or inaccurate information or stalamanlA to L.ender(or iailed
<br /> , ; �i� to provide Lender with any material inform�tion)in conne�:tion with the loan evidenced by the Note, inaluding. but not limited
<br />_'r ,�'?. �„�,r�`�-.*-�.��,', to, represenWtions concerning Borrower's occupancy of Ihe Praperty ac a principal residence, lf thiK Security Ins�rument is an a
<br /> _ " `r leasehold, Borrower shall comply with aU the provisiuns of the lease. If HoROwer acquires fee tido�to the Property, the
<br /> . . ,�� �,�,,,�; ,� leasehald and the fee tille shall nut merge unless l.c�der agrces to ihe mergcr in writing. -
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<br /> "� �����"��'�:' 7.Protectlon ot Lender's Rights in the Propeny.lf Borrow•er fuils to perfarm the covenants and ugreements comained in
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<br /> ';t,;.;b, this Secu�ity Instmtnent, or there is a legal proceedins�hut may significuntly affect L.encler's righ�x in thu Propeny (such as a
<br /> "''�`� praceeding in bankruptcy,probate, fur rnndemnation or forfeiture or to enforce luws or regulationh),thnn l,ender rtiwy do and
<br /> � '";;,:� '�:° for whatever is necesvu to rotect the vulue af thc Prn n and [_ender's ri hts in the
<br /> ..�,5° W:.�.. PaY rY p Pe Y S P►'openy. l.ender's actions may .
<br /> • �: `'•'-' ' ~"�-• 'inalude paying any sums secured Ay u lien which has priority o��er this Security Instrument, appaaring in rnun, paying -
<br /> a�..�.�r- �-•� -
<br /> � reasonable aqorneys'fces end entcring on thc Propeny m make repuirs.Although L.ender muy tuka octic�n under this paragrnph -"
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<br /> - ��°� - �' • 7,L.ender dces not hove to do s�.
<br /> ` ��:°���� ' �7 Any amounts disburseci by Lc�xler uncler this paragraph 7 ghall become udditional dcht of &�rrawer secured by this �:
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<br />- t�;: . • Security Instnament. Unless Borrower und I.endcr agr��c lo uther terms of puyn�ent,thesc amoums tihuN hear interest from the =
<br /> ^�'�'.` , ' date of disbursement at the Note ratc and shall be payuble, with interest, upim noticc from L.e�xier to Borrower requesting =
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<br /> l.,-,,., ,, ''.L 8.MorIQ�{e Insursmce.If I.ender requirc+d mongaue imurunc�as u rondition of making the lonn�secured by this Security =
<br /> � .��s:-�;'•�;�- Instrument, Borrowcr shall pay thc premiums rcyuired�o n�aintain the mungugr imurunre in effect, li', ti�r nny reuson, the
<br /> � mortgage insurance coverage reyuired by Lendrr lupzrs�,r ceu.es to tn in effert. 13urrower shall puy the premiums rNyuired to -
<br /> '°' '�,;;•�". obtain coverage substantially equivalent to �he mnrtgage insurunce previously in efl'ect. •rt a cutit xub�tantiully eyuivalent to the =
<br /> ��•:•':,i:�;;'�1. 5 cost to Honower of Ihe mort r imur n� r vi� "
<br /> �, _ �_ g ge a ce p e c utily m eftect, from c�n ultcrnutr monguge inwivr uppr.wed by I.ender. If __
<br />• `' . � "�" subststntially equivalem mong:�ge inwrunce covernge is not available, Burrnwer shall puy tu LrnJer r�h month u sum eyuul to -
<br />_- . • " one-twelfth of the yearly mortgage intiurunce premium lxing paid h� Borrawer when the insurance ciweragr IapseJ or ceased to =
<br />• . ' be in effe¢t.Ixnder will uccept,use and retain thcse paymcnts as u lu.ti re�erve in li�u ol' mortguRc insur�nrr. Los� rexrve E
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