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<br /> �. �rd or Pr+nperty Iarurara. Baerower�hall Icaep tMe improvema�u nuw oxiain� ar heirafter erecled on tlw
<br /> Pr�openY insurod a�d�sat los�by tirc. he�a�d� includad wl�hin�he term"exta�dad wvera�e" and�ny o�her hwrds. in�ludtnj
<br /> flaod�or floadinQ, for whlch l.ender requir�es lnsurnnoe. Thia lnwnu�ce�II be mdnWnod In thc wnoum4�nd far the psrlod�
<br /> thrt I.aider roquirci.The inwrnnoe c�rr'.er providing the inwr�nce�hall be chacen by Botn�wcr rubJoct to Lcnder'r�pproval
<br /> which dwll nat bc unrracon�bly wi�hiuld. If Bonower fiils to m�intwin cavcrage descritxd �bovc, Lendcr tnvy, at t.erider'�
<br /> optfon,abtain cover�o to protect Lender's ri�6ts in the Propeny in accordance wlth paraQnph 7.
<br /> All inw�ancc policia ond a�ewds shaN be acceplable w Lender u�d studl include a st�ndard mongage cl�usa l.erwkr
<br /> shAll hnve the right to hold the podcies nnd renewuls.lf l�ender requires,Borrawer shAll promptly Qive ta I.ender WI n,ccipt�of
<br /> paid promiums Ard rcucwal nmjces.In�he event of lor�.Borrower olwll�ive prompt notice ta tha inwr�nco curfe��nd Lpider.
<br /> ' Lendcr may mAke proof of loss if not made promptly by Bomower.
<br /> Unles4 Lender and Borrower dherwlse agroe in w�iUng.inaura�tce procoods sluill be applied to rcstoration or,ncp�ir of tha
<br /> Property damoged.if the restoration ar rcpair is exanamically feasi6le and I.erKkr's sxutity fs not lessenod. If tho r�estoration or
<br /> repair is not eoonamically feasible or Lender's security wauld be lessened, the insumnce praceods sh�ll be Appliod w 1ho wms
<br /> secured by thls Security Insttument. whether or nat than due,wlth uny excess pAid to Bomawer. If Borrower nbsinnda�the
<br /> Property, or does not answer within 30 days a naica Prom l.ender that the insurance curjer hav offerod ro cenle a claim.than
<br /> If Lender rtwy collect the insurance pracads. Ixnder may use �he proce�is ta repair or res xe the Propeny or to poy wms
<br /> secured by ihis Secudty Instrument,whether or not then due. The 30-day periad will begin when 1he noticx is given.
<br /> r• r:� y I` Unless Lender attd Borrower otherwise agree in writing, any appllcation of proceeds to principal shall tat extend or
<br /> •��.� 1 pustpune the due date of the manthly payments refemed ta in paragruphs 1 and 2 ar change 1he amount of the payments. If
<br /> ��:. t+ �� � under peragraph 21 the Propeny is xquired by Lender. Horrawer's right to any insurance policies end pn►ceeds rcsuldng from
<br /> damage to the Pmperty prior�o tho acquisition shall pa.gs to L.ender to the extent of the sums securod by this Socudry Inctrument
<br /> ' '`, 'Y'{`�,`.. %� . immadiatnly ptior to the acquisition.
<br /> �'�, 1 :,= '' �� � 6.O�awpancy,Precervadon,Ms�intennnce And ProtecHoa aP ihe Pmperty;Bun�ower's l.oan Applicadon=I.easelalds.
<br /> " �' ;�`a�.= A ,,� " Borrower shall occupy,establish,and use the Propeny u.v Aarrower's principal nesidence within sisty days aRer the exocution of
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<br /> �.`,�t,., �� .�v��,;,�'. this Secu�ity Instnrment and shelt rnntinue to accupy the PropeAy as Borrower's principal residence for at least one year after
<br /> °• �r p°"l�;`�� the date of occupancy, unless I.ender otherwise agrees in writing. which consent ahall not be unm,psanably withheld.or unless
<br /> ''`�����`'� �f:Yr'�,,,, extenuating circums�ances exist which are beyond Borrower's control. BoROwer shall not destroy, damage or impair the
<br /> . °'�R �•��° `�'��}��• ' Property. allow the Property ta doteriornte, or commit waste on �he Propeny. Barrower slwll be in default if eny forfeiturc
<br /> �; •.: ° ,�: n•��� action or proceeding, whother civil or criminal, is begun that in ixnder's gaad foith judgment could result in forfeiturc of the
<br /> � 4 . '�Yr�•.�,� . � ' Propeny or othervvise male�ally impair the lien create�by this Security Insuument or Lender's security interest. Borrower may
<br /> :_4 ' ,��' cure such a default and reinstate,as provided in parnFraph IS.by causing the action or procealing to be dismissed with a ruling
<br /> thai, in i.en�izr'a �u�k1 �aliii dCtcm�iuuiiun, prcYiuilen forfnitutc ni ibe Horrower'a inleres� io the i'roperty or other materiai
<br /> '�"� • °' impairment af the lien created by this Security Instrument or I.ender's security imerest. Borrower xhall also be in default if
<br /> � , Borrower,during the loan applicution process,gave malerlally false or inaccurate infornwtion or statements to l.ender(or failed
<br /> ,.i;<i;,,�; :; :,``�� • • . to provide l.ender wi�h any material informatianl in connection with ths loun evidenced by �he Nrne,including, but not limited
<br /> %�'���""� •��� ��� •, to.represenlations conceming Borrower's.iccupancy of Ihe Property a5 a principAl reyidence. U this Security Instrument is on n
<br /> ��``� i'�` " Ieasehald. Borrower shall comply wi�h all the provisiom of�he Icase. If Hcirrower acquires fee tiNe to the Property, the
<br /> "'�J .. , . J . leasehold und the fee tiqe shall not mergc unless l.ender ugrces�o thc mergcr in writing.
<br /> 7.Protectbn of l,ender's Rightx In tbe PropeHy.If&�rrowcr fail,a�pc:rform the crnrnams and agreement+comained in
<br /> * ':���, . , thia Security Inslrument,or�here is u Iegal prcxcedinF that may tiignificantly uffeci l.ender's rights in the P�operty (xuch as a
<br /> ,�«� �;��,� pra+�cling in bankruptcy, pm6ute. 1'or condemnuti�m a�iiirf'cilure or I�i enforcc luw.ur regulationtil,�hen l,ender may do and
<br /> ;�!, :' • pay for whatever is nece+wry to pmtect the vulue of�he Pr�ipen�•und Lender', ri�hts in the Property. Lender's actions may
<br /> � � include paying ony xums �ur��l by n lirn which hu� p�iarity nver thi�. Seruri�y Inxtrument. appearin� in courl, paying '
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<br /> , reasc�nnble attornev�fee,c und entering nn the Pru�xny to make repuin. Altlx�ugh Lender may take uainn under this paragraph
<br /> ; . i_i: 7.I.ender dae.s nnt have tn do so.
<br /> ��'•'�a� ' Any nmount� disburscd by I.rnder under thi� parugruph 7 .hull hcc��me udditianal deht i�f &►rr��wer s��ured by this + �
<br /> - Security lnstrument. Unless&�rcuwer aixl Lendcr�grec tu��ther tcmn of pa�•nunt, thc�e amc�unts �hall hrar intcrest Gom the
<br /> dute of disburrement at �he Note rutc and xhull l� payaMe. �eitN intrrc��, up�m noti�ti frnm l.enJer tu &►m�wer requesting
<br /> puyment.
<br /> '.� �: 8.M1fortRage Insurancc. If(AnJcr rcyuircd mongagc intiurun.r ati a cundiliun of nwking lhc 1�►an kcurcJ hy this Sc�urily
<br /> �.�: Inswment, Bnrmwer tihall p•ry thc premium� rcyuired tu mainrrin thr man�agr inwrunre in rflcr�. If, ti►r uny reu�on, the �.
<br /> � , mongagc in.urunrc coverrgc rcyuired hy I.cnJcr lapu.��r rc:�+e. w Ik in clTcrt. B�ur�»err.hall p•r�� �hr prcmium� required to
<br /> ' � " �� obtuin covcru e.ub+tuntiull e uivalent lo thr mon•a � in,urancc rc�•iou.l�• in cflirt,at a r��+l .uh�tantiall � ui�rlrnt to the �
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<br /> ro,1 to Borrower i�f 1hr murtgage insur;�nrr previ��u.ly in rflc�t, fr�im an al�crnate mungaF� in.ur�r appr„�•�til hy LrnJer. If �
<br /> .. , subs�antiully ryuivalent mongugr in.urancc r�►�rrag�i.n���a�•ai1;�Me. H��rmHCr,h:dl ra} tu LrnJrr rarh munth a wm equ;�l to
<br /> '��� one-twclfth ot'the car) miirl�u•�inwr:�nri runiuoi t+rin uJ h� Hnrr��wrr���li�n Ih�inwr:m.e ra�•rr•r�� I•r .�d or ceu���i to �
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<br /> ' k i� he in effect.l.endcr will urccpt,u.c und retain�h�.c p•r�mrm.a. a I�►., r�,er��in li.0 ��f m�,n�a�e in.urunrr. Lu.. rr+en•e
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