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<br /> f. flMrrrd K Mp�iy I�+wa. Bortow�r �bdl k�ep W� 1mpro+�m�aws aow ouiMln� oi�hetMM� encqd an tM ,.
<br /> hope�l,y Inwr�d�{a�at law by Arc. Iw.u+dr iaclud�d within t!M term "exteedad wvers�e" ad amrr�other h�s�nd��includitK
<br /> � fbod�a fla�din{,tar which Lender�quiro�iruurmoo.Thi�inwr�nce rhiJl be a�afnWned !n tho an�rw�nd for tbe paiodt '
<br /> ! dut t�ender rcyuira. The inwranoe c�rrlrr provldi��he lniwnuioe ahdl 6a chaeen by Aorrowor wt�act w La�der'i approvd
<br /> wblch �11 nat be unrc.�msbly wfthi'�Id. If 8armwer fails to mafntzin oaven�e descrlbed abave. I.�endar mny� M L,aider'�
<br /> � a{l�inn.diWn covaa�o to protoct L.ender'�ti�hu in Ihe Propaiy in accordanoe with p�ra�nph 7. .
<br /> AU inwrrn�e policita wd t+cnewola tiholl bo�aeeptablc to I.ender�nd ahril include a st�ndanf mnr4�u�a clauio. l�cnda�
<br /> �pllthpve the d�ht to hold�ho polkica and rcncwds. [f i.ender reyuircr.Horrower�lull promptty�ivo ta l�ler�II recelpta of
<br /> pwid p�+amiwns w�d renew�l noticce.In the event of lo�s.Bomuwor�h�ll�lve peempt aotica to tho inwnnoe curkr and [.ender.
<br /> I.iendqt�mAy make proof of loss if not mpde pramptly by Borrower.
<br /> Unlus�Lcnder and Borrower otherwirc agroo in wdting.inwrarice proa�eds stall be appliod w rcuontfnn or�+epair of the
<br /> P�x�po�K�dumagod,if the rcatorAtion or repair io xonamically feasible rnd L,ender's security is not Ie�aened.If tlw ratorat�on or
<br /> rcpaitt iA nnt�ernromically fwsiblc ar I.ender's sxudty would be lessened.�he insurance prrocoede ahell bo app�fed to the wms
<br /> aecured by��tltle Socurity InstrumeM, wt�ether or not then duo. with any eaceas paid to Bontowor. !f Borrower�ndow the
<br /> Prnpeny,an dnes not answer within 3(!dpya a notice from I.ender thu tho insuranoe carrier hss offercd to settie a claim.ttKn
<br /> L,endsr mpy�calloct the insurance praceods. Lender may use the procads to n�air or rcsWtr Iho PropeRy or W pay wrro
<br /> �eeu�ed by•thia Socudty Instrument.whether or not ihen due.The 30�dny pedod wlll 6egin whon tha not�co ie gfv�n.
<br /> Unlaes.l.,�nder aM Borrawer otherwlse agroe in wrlting� any application of procceds to principal ehall not extend or
<br /> pont�ona Ut�due dato of the monthly payments refemed to in paragrnphs 1 and 2 or clwngo the sutwwnt of the,payments. if
<br /> .,�,., u�xie��xrdIIraph 21 the Pn►perry is acquircd by Lender,Borrower's right w any insurance polieiac and ptncada tesuldng from
<br /> , domagcs to ths Property prior to the acx�uisition shall pass to l,ender to the eztent of the awns securcd by thie Securfty insuumeat
<br /> ' ' ( ima�ediutaly prior ta the acquisitian.
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<br /> � 6. Occupeacy,i'reservatian,Ms�intenance and Protectlon of t4e Praperlyi Borrower's Loan Appllcatbn;I.easedolde.
<br /> .,�..'�':� � &xrowcr shplf axupy,establish,and use the Property as Horrower's pdncipal resideacc within sixty days aNer the eaxutbn af
<br /> Id ' this Security Instrument and shall coMinue to accupy the Praperty as Borrawer's principal residence for at least oz�e year after
<br /> `� tNe data ot'accupancy,unlesa I.ender otherwise agrees in w�lting, which consent shall nat be unreasonshly withheld,or unless
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<br /> extenuating circumstances exist which are beyond Borrower's control. Borrower ah�ll not destroy, damage or impair the
<br /> ! Prvperiy, allow the PropeAy to detcdoratc, or rnmmit wastc o� the Praperty. Bormwer shall t+e in default if any forfeiture
<br /> act'iom or proceeding. whether civil or criminal, is begun that in I.ender's gaad faith judgment could result in forfeitu�e of tAe
<br /> •,'� ,,.. -�" ' Prc�perly or otherwise materially impair the lien created by this Security Instrument ar Lender's socuriry interest. Borrower may
<br /> y��," �k•� cum such a default and reinslate,a.q provided in paragraph 18,by causing the actlon or pracceding to be diamissed wilh a rulinR
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<br /> :��'�,.'`':�:.` �~�:�•iw w � t�at, in Lender's good faith determination, precludes forfeitura of the Borrowcr'y interest in tho Pmperty or other materia)
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<br /> t::;;.��:°�:'.. •:F:�::!f"`•::"� ;••`. in�ppirmant of the lien created by this Security instrument ar Leader's security interest. Harrower shall also be In default if
<br /> �• �'°` ,�i'� `,- B�xrower, durin��he laan application process,gave mAterially fulse or inaccurate informetion or slatemente to Lender(or failed
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<br /> < <' ` ' ; '• lo provW� Lender whh any material information)in connection with the loan evidenced by the Note. including, but not limited
<br /> !� '4�' '� " " t��,r�tp�senmtions canceming Borruwer's occupancy of the Pmperty ac a prfncipal residence. If this Security lactrument ia on p
<br /> � � . � I�sunchnld: &�rrower shall comply with ull the provisionz of the lease. If Borrower acquires fee tide to the Prop@rty. tho
<br /> . • • ' ' � IuasehnlJ und the fee title shall not merge unless Lender ugrecv ta the merger in writing.
<br /> ' ?.Pl�oteetlon aP I.ender's Righta in the Property.lf Borrowcr fails ta perfortn the covenamx and agrcemsmv contnined in
<br /> Ihix SacuritY ]nstn�mem.or there i�u legul proceeJing thut muy signifirandy affect Lender's rightR in tho Property (such es a
<br /> � procceding in b•rnkrup�ry, probate, ti�r cundenmu�i�m ur fiirfeiturc or u►cnfon�e luws or regulptinns/,th�n Lcnder mny do and
<br /> -• pqy for whutever i� necexsary �o prntert the value of the Prupeny und L.ender's righir in the Pmpeny. Lender'e uctions may
<br /> :�*� • includu payin�t uny sums uxureJ by u licn which hu� priorily over this Security Instrun�ent, Appearing in coun. paying
<br /> � rturx�nubl�! alu�rneys' fces and cntcring on the Propeny�o make repain. Although L.cnder may tnke nctian under this paragreph
<br /> � � 7,lendur doex n�n havc In do so.
<br /> I ' � ,� Any �un�wms Jishursr.J hy Lcndcr unJer thi+ paragraph 7 shall F�ome uJditional deM of Bormwer secured by thfs
<br /> '' • Seeurity i„�Inimenl. I lnlrcc Rnrr�wer imd I.endcr ugrec t��othcr tcrnix of payment. Ih�sc unmumx tihull bwr intere�� from the
<br /> duut �1'Ji�unement u� the Note rutc ancl shull be payublc, with intcre�t, up�m niHirc 1'rom l.endcr ao Bonower reyuesting
<br /> '� poyment.
<br /> � -� g:MorlRoRe Insurance. li Leixier reyuin�f monguge inwranrr u•a rondi�iun�,I'muking the luun securrd by this Sccurity
<br /> • � � Inr�rumcnt. &iROwcr shall pay �he premiumti r�yuir�Kl to muimain ihe mortgugr inwr•rnre in efl'ect. If, fi.r uny rcawn, the
<br /> � ; mort_tugc insurancc r�wcruge rcquir�til hy Ixndcr Irp�c.��r rc•r.c�tu i+c in cl'fcci. Burra��rr shull p�iy ih�premiumr rcyuintil tn
<br /> F : . �r � nbr:im cu��erage,ubs�antiuUy cyuivalcnt ����he manEugc in.urance prcviou�l�• in rl'litit, ut a ru.t+uhstunti;�lly ryuiv�lent�o the
<br /> ' ' car� ¢���PHtirrower��f thc mortgagc in.ruranre preriuu�IJ• in effcrt. t�rum an ahrm:�tr mungu�e imur�er uppmved by l.ci�r. If
<br /> ;,,, � subytuntiully cquivulcnl mortFugc inxuruncc ru�•crvgc i�n�u •r�•ailahlr. &irrow•rr�hall pay t�i IxnJcr cuch mond� a�um cyual to
<br /> -� r �mc-aweltth ut'�hc ycurly man�agr in,urunrc pr�miwn Fuing paiJ by t3��rruwcr whcn ihc in�urancc ru�rr�gc I•rpti��J ur ccu.,cJ to '
<br /> i . � ' • bc in eiicrt.I.r�xler will urrepi.u�c anJ ntain Ihc.c puym�nt+u. u lu.. rr+en�c in li�u oi rnort�ugr insuranre. l,n�. reK:rve Y..:�,
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