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<br /> s. Hs.�aud ar Pr+npe�t� t�ora�ca eorrow�er �Inu kaep �he ir�roverna�t� now� or hara.t�er e�naed qo �be
<br /> pnopp�ty lnrurod�ai�t la�by fire.i�ar�u�da inciuded within tho term 'atetded covaa�e' +ud any di�er hmr�di,Incl�
<br /> Aaod�or floodlu�.far which I.eoder roquira iawmnce.This i�uranoo�Mll be mwint�ined in tl�amoums�nd far tAe peri
<br /> tlw I.�nder requinx. The i�uunu�oe amer pmvWJng the inwranoe Rbsll be choccn by Borrower w�jqct�ta Lsadat'�ppproval
<br /> which:shwll �wt 6e unrc�sombly witt�heW. If Bormwor faila w m+�inuin covenge dcscribod �6ove.l.endar,m�y.��I�Leader'+
<br /> optian��QlNfl111 COVE�O t0 p(OtOIY L.CJdCt'�d�hts!n tha Prvpaty In�ccmdancc wlth p�ra�taph?.
<br /> All��ihiwr�noe policies�nd r�encwa�s shall 6e soceptabl��o lrnder�nd �11 inaluda+�standa+d murt�e claura. t,e.nder
<br /> chaii hpvo thc right to hold tirc pMicia and rcnewalt.If l.ender naquircs.Bomowet sh�l)pnWnptlY�ive w�.a�der a1!racxlpt�of
<br /> p�id�mmiuma and rcnewal notica.ln the evem of losc.Bornower slWt�ivo prom�t+�atbe w 1ba iaWUaa�e cartkr�d Leoder.
<br /> Lxrider mwy m�ke pnoof of lacs if iwt made{nomptly by Bomawer.
<br /> Unlacs I.a�der and Borrower otM�wix sgnoe in w�ting.insurancc prooeeds shall be appliat w recwr�tlan or npxir of�he
<br /> Prppe�y dama�ed,if the Rstar�tion or rep�ir is eoo�wmically feasible ond t�ender's security is not lacsened.If the r+awrstk�n or
<br /> repqir in not ocaamicaliy fea�lble a�Lsrider's security would be le�ser�ed,the insurance p�ac0eds�ball bB appliod w tbe sums
<br /> tccurod by thi: Sacurity lnstn�aietu, whether or not ti�due. with wny excesc p�id to Borrowor. IF Bormwer�ba�dons the
<br /> Piropptty� or does nat�ncwer within 30 days a natice fmm LRnder thu tlie inwr�noe carricr has offerod to seqla p cleim, tl�n
<br /> I.�endsr.mpy oollect the insu�nce proceods. L.ender may uce the proceeda to ropair or reiton the P�npaty on.ta�ppy suaas
<br /> necunad by Ihf�Savrity Instruman.whether or not�hen due. The 30�day periad will bcgin whan the notict is givon.
<br /> Unlscs l,ender aod Bormwer otbeiwlse �gree in writin6. anY aPP�ia+tlon of proceoda to principRl shall not a�tend or
<br /> pouponc the due date of the monthly paya�ents referrod to in pu�gnphs 1 and 2 or change tha art�ount of thc poymcnts. if
<br /> - - undar p�ragraph 21 the Praperty is ocquircd by le�dc�.Bomower's dght to any insu�nce policie�md pmceeds r�sulting frau
<br /> � '''-;r �,.. damage w the P�npnty prior to the acquisition rhall pass to Leoder to�he eatent of the cuma securod by this Savrity lacuummtit
<br /> , immodfataly priur to the acquisition.
<br /> . f�..:4�. ',;, f.Oacnp�y.Pnacervation.Mdateaapce iud Protection o[the Property;Borrower's La�n Applkatba: Lwsehold�.
<br /> •'°',�:� �•.� Bormaer slwll axvpy.establish.aM use thc Property as Borrower's principal rcsidence wilhin sisty daye Aflar the euecudon of
<br /> • :-�•� :�= thie Securi Insuument sud sMall continue to occu the Pro as Bor�ow�er's rinci rcsidence for at les�t ono ear aftar
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<br /> y;��„.,._ tha data of occu�►�cy.unless Lrnder otbenvise�s in writing.which caosent shall not be unreawnably wid�hald,or uNecs
<br /> °,,..�i.'3`'� •• extenuoting circumswnces exist wbiah are beyond Bormwer's oontrol. Borrow•er sl�ali aot destroy� damage or imp�ir tl�e
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<br /> , '� , ,',"; .. ., P�x�eMy� allow the Pro�e�ty W d�teriorate.or rammit waste on tha Propernr. Bomu�cer shall be in dctault if any fodeiture
<br /> �:c:��a►,�r•4. � �ction�on pax;ooding.whdhar cfvil vr crimirra�;is begun that in Lender's good faith judgment oould r�esult in forfeituro of the
<br /> . ', ��� ��':.":.`�:"': A'QI��Y or otherwise materially impair thQ tien c�ated by this Seruriry Ic�strumer�t or L.ender's secudty in�er�est.Borrowu may
<br /> ' •..�.s ' •' cu��wch�n default and reinslate,�provided in�groph 18.by causing the action or prnaeding to be dismissod with a ruling
<br /> . . , , thal� in�Lcndcr's good i'aith detemtinntion. preciudes forfcimre of the Bornoaer's intanect in the Pr+operly ar other miMerial
<br /> „ impAlnment of the lien cmated by thix Security Instrumem or I.enda's security interest. Borrower shall also be jn defeult if
<br /> ' � Borrower,during the loan npplication process.gave materiolly fulse or inaccur�te infomiation or statoments to Lendar(or•failad
<br /> �,.��. ,� '`. to provide l,ender wilh any material informalionl in connection with the I�an evidanced by tha NotB,including,but not limited
<br /> " to,rcpresenWtions concerning Bnrrower's occupancy of the Propeny as a prinripal re�idence. If this Securiry Instrument is on a
<br /> � - . , leasehold. Borruwer shall comply with all tha pnc>visions af thc lear�e. If Burrower�cquirea fee tiUe to the Pmperty. the �
<br /> ,;�,�;.•� _:: ;+j,'�. Ie�sehold and�he fee title shall nw merge unlBSS I.ender agn;eb to�hu merger in writing.
<br /> + ' ' • � 7.Protection ot Lender's Righfe in Il�e Property.lf Bc►rr<+we�foils to perfurtn Ilw co+�enantx and agroements oontained in
<br /> � • � this Seruriry Instrument, or there is a legnt prooeedin8 thnt muy signlficantly aftect l.ender's righte in��e Property(such as a
<br /> � '' , puxoading in bankruptcy, probate, fiir condamnwtion nr furfeiture or t�►enPurce luws or regulations), d�en l.ender may do and
<br /> � . . pny for whatever is necessary to prwoct �he valua oE the Pmpeny and Lendar'r righlx in die Propeny. Lender's actions may
<br /> ; r�� `, include paying any sum. urured by a lien which ha. prion�y a��er thls SecuRty 6�r:trumeM, appeuring in cowt, paying
<br /> f�' � rcasonable uttarneyx'feec ami entering on the Pmpeny to make�paiM. Altbtwgh 4ender may wke action umler this p�agraph
<br /> ;,;" �• �,'- . ._ •� 7.Lender does nnt have to da so. "
<br /> � ,. " �;,;" • Any amoum� dir�+ursed by I.ender und�r�blH pu�ugraph 7 .hull htx��me �dditi�mu) debt of Burrowe� secured by this
<br /> ,�' • Securily Insttument. Unless&xrc►wer smd Lrnder agruc to cHhcr lvtmti.�f puyment. thcye umiwnt�shall bear interest from the
<br /> � ' , date of disbursement at the Nme rate an.1�ho)1•t�e puyahlu, wi�h iMOru�t, up��m n��ice !'mm Lender to Borrower reyuesting
<br /> `� ,=��'�`"� 'Ji;'�"' �y S.�MortRuge IasurAnce. If[.ender requir�•d mortga�c inwronre•rr u rondilion nF mukfn�the loan securcd by this Security
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<br /> � ;. ��' � Instrument, Burroa•er chull pay the rremium• n:quircd ta muintuin ihm m�ngnge iro.urance in effect. If, for any rcason, the
<br /> � ''r.�''.'•"'��•.,. •. , mongage insurance c�veruge rcyuin�d b}' l.emlc�lap.�e.or ccux.tu lie io-ettert. &+m►�ver+hull p•ry the prcmiums requinxl to
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<br /> �'"" i�;':rr�•:!.�'.,�� ',; obtain coverage substantially equi4alem to�he mongago inaumncc pnviou�h• in effiti�,at a r����sub,tnntially eyuiv�lent to 1he
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<br /> `�r;!` , cost to Burcower uf the mong•rge inxurrnce pre��i�wrly in ellbct, from :�n aUcmale mnrtgage inwrer approved by�Lender. If
<br /> ' ' :•1��'." �� substantially equivalent mongage insur�nce ri+verage ia not ���ailuMe,&+mnwrr.hull pay to L,cixicr e:�ch munth a tium equul to
<br /> �r��� �i ' • one-twelfth of the yearly martgage inwrrn��e premium l+cin�: paid h� &�rr��uer Nhen the inwrance cuvcragr I�psed or��a..cd tu
<br /> � k .� . be in effect. Lender will uccept.usc anJ mtuin thc�e pa�•ment.a. n las.. re,crve in lieu of mcmga�e inaurance. L.uss re.en•e
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