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<br /> ,4.. , r 3. li�:�cd or Pro rt losuauoa HanaNer�luill k tha irt�
<br /> Pa Y • a+P i�►MOmAntu noN e�iertin�or tar�on
<br /> ` the Ptnperty ityutnd�tut!ar by tiro h�ziudo inoludad�ithin tho term."bxtenA�d covora�o and�ny othec h�s�cd��
<br /> includina tiood�or flaodin��tor whioh�.enden roquira lnaunnoe.Thia tiqror�utpe oh1►11�ba mdnaine�in the amount�
<br /> ,:' and for the�iod�th�t I.ander requi�+a�.Tha in�u�anoe c�rrier pr+ovtdJn tha inpun�nqa ahAll,be eharen by BorroMer
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<br /> u s vd w� ch dult rwt be un b wlth a d.I!�MOr isil tn oov darcrlbed
<br /> s b;eoe u►La�dar .ppro hi � ly h i q m�intl�in� era�e
<br /> ' : � 's: • above,La�iJda�m�y. �t L.ender'�option�obt�in ooveca�e w prntAOt Lendot'�ri�hts in�tba Prq�ae�ty�in�ooard�aoe with
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<br /> r �::��y i�i4��:.�.:��`�� r_•Al iru�ur�noe polictee and e+mwwals ehdl be aooeptablo to Lender n1d sMll inalude a etsndard mortp�e clauee.
<br /> �.:,:.'.. ' : [.ender shall have the r�ght to hold tha paltc�a snd renaN�fa. !t Lenderroq u�ir+eo� &ut+a.uer shall pmmptly giva w
<br /> ' ` „�"�;, � ----V;a Lenda�dl raxiptsotp�id pnemium�and roneN�)nottaa,ln tha evont of laa, BqrnaNet�hnll�ive prompt,natioetatho
<br /> '��' �:`'�� ina�nce oarrier and Latder.Lender may m�ke pranf ot laas it nat mAda pramptly by Boixower.
<br /> ''��" Unioee La►der and Horrower otheraiee a�ree in wdtin�,tneurance prooeeda ah�ll ba�ppUed w rostontton orrap�ir
<br /> �°ti�• � ''� ' � ��,t; oi the Property dama�ed,i1 the raetoradon or e�ep�ir ie eoonomia�0y te�sible�nd Iaander's aoaurity ie not leeeenod.I t tha
<br /> }.: . , raetantian or rop�ir is not econom�cally ta�ei6le or Lencbr'e eeourltq would be laaeenad,�thA ineuranoe pmceeds ehtll be
<br /> ��.•_:�.'•- ''' a� �pplied w the sums eecured by thie Secwity Inetrumant.whather or not then dua.w�rJ�:�n�+exce�P�id to Bormwer.If
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<br /> '.' Borrawtr�b�ndons the Property.or does not snswer alttiln 30 clays a notice tram Lender.thwt�tha insur�nce carrier has
<br />��;:��' ;�, :�_ oitecad w settle a cldm, then Lender may colleot the ineuanae proeeeda.L+end$r m�y uae tha to rep�ir oc
<br />'�_.;�r�� � . restaro the Property or w p�y sums aecured by this Seaurity lnetrumant,wl�ethor or not then dua. e 30�day period Mill
<br />� `��`.•. ��: beQin ahen the notioa ia given.
<br />'�.�:°'} .,,,°� ' ' Unlas�Lender and Borrower otherwiee e�ee in writin�,any�Pplic�tioa oLproae�d to prinaip�l s1u11�nat o�tand or
<br /> ,. � postpone tt►e due date ot the monthly p�ymenta nien ed to in pragr�php 1 �nd 2 0�chane�e the amount of tha payments.
<br /> ii underp�r��raph 21 the Property ia acqulred by Lander, Borno�.er:s ri ht b aa�x ineuanae policles aod proceeds
<br /> . , resultin�!rom dmm�8e to the Property prlor to the�cqulsitFon e6eIL ps�tcr�ta the extonr o��tho eums securod by
<br /> ' thia Seaurity Instrument immadiatelypn or w the acquieition.
<br /> 6.Oocupaaoy. Preserv�tiou,M�intewnce�nd Protactioa ot the Property;HlorrowePs I.o�n Applieatian;
<br /> I.easchalda.Borrower ah�ll occupY.establieh,�nd use tha Property as Horrower's�incipsl reaidence withi�sixty d�ys
<br /> '� � sftor the exxution of thie Security I�strument snd ehsll conunua to ocroupy the P1�vparty as &►rrower's principal
<br /> �, � ' re�idmce Ior at last one yeu atter tAe dsu of oocup�noy.unlsas Lender atherwiee agr+ees in writ�ng,which consent ehall
<br /> � not be unre�sonsbly withheld.or unlesa extanuAtinB circumstAnaee e�tiat a�ah aro beyond Borrower's control.Borrower
<br /> s}�II nat destmy.dam�ge or imp�ir the Property,dlow the Property w dotarionta,or commit waete on tha Property.
<br /> porrnwer shtQ be in detault it eny forteituro aation or proceeding, whethar civil or criminal,ie be�un thet in�4ender's
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<br /> ' ' � goad tdth jud�ment could result in iorteituro of the Property or otherwiso mstarially impsic the lien crested by thie -
<br /> ��� � �� Security Instrument or Lender's security interost. Bw�roaer may cure suah a default�nd reinstate,�s provided in
<br /> paregra�h 18. by causing the action or proceeding,to be dinmissed with � ruling that, in Lender's Qood faith
<br /> _ -- ��_ �I�tt�m�n�tin�,�c��idea ta�eiture of the Rorn►wer'A tnta�+a+t in the PMne�ty or�ther rn�wial impsi�ment of the I;en
<br /> , � created by this Socurity Instrumant or Lender's security interce�Hormwer ehatl also be in debult it Borrower,durin�
<br /> � the lwn �pplicatian process. �eve metarielly false or inaceuvsta intarmation o�r swtements to Lender (or f�iled to
<br /> � ; � provida Lender aith any meurial intormation)in connecti�n wlth tha loan evidenced by the Note,including, but not
<br /> limited to,representstions concerning Bornower's occupancy ot the Property as a principal residence.Tt this Security
<br /> Instrument is on�leasehold,Borroaer shell comply with ell the provisi�nB of the lease.!t Bomower acquirea fee title to
<br /> . . the Property,the lasehold�nd tho fee title ahell not merge unless Lender agnxs to the marger in writin�.
<br /> 'y� 7.Protection ot Lender's Ri�hts in the Proporty.IP Borrower teile to perParm the covenants end agreements
<br /> contained in thia Security Instrument.or there is a lagel proceeding thet mey ai�ni4icantly attxt Lender's righta in the
<br /> «• Property (such es a pracadin� in bankruptcy, probata, Par cand�emnaaan or forfeiture or to entorce laas or �,,..
<br /> ,�•'?� regul�tions),then I.ender may do and pay for whetaver ia nacessany t,o,protect the valuo of the Propeny and Lender's �:
<br /> ;+ ' rip,hts in tha Property.L.ender's actipna may inalude psying any sume secured by a lien which has priority over this . : ���'
<br /> f � Security Instrument�appearing in coun,paying reesonabl�attorneys'[ces and entering an the Propeny to mako rcpairs. .r„>
<br /> , Although Lender may uke�ction undar thie paragnph 7,Ixnder do�not heve to do sn. •.' 'j'
<br /> � Any amounts disbursed by Lender under thie parag�ph�7 shelt becorne additional debt oi Borrower secureu oy tn�s ;
<br /> � ' • Security Instrument. Unless Borrower and Lender agree ta other terme ot payment,these amounts sholl bear interest � .
<br /> from th�dato of disbursomont at tho Note ratx and shall be payabla.with interest,upon notice from[.ender to Borrower �
<br /> rcquestin8 PyYment. �
<br /> , 8. Morteaeo Insursace, lf Lender requircd martgage insurance as a condition ot making the loan secured by this �
<br /> � ' Security Instrument,Borrower ahalf pay the premiuma reguired to maintain ehe moM�age insurance in ettect.If.tor any ,
<br /> ' • • reason, the mortgage insur�nce covaroga requircd b�� Ixnder lapses or cease.s to be in ettect, Horrower shall psy the �
<br /> ' • • premiums requircd to obtein covera8e substantially equivelent to the mortgage insurance previously in etfect,at a cost
<br /> ' subsuntielly equivalent to the cast to Bornoe�er of tha mortgage insurance previously in effect, from an alternate
<br /> '��� �� mortgage insurer spproved by [xnder. If aubstentially equival�n[ mortgage insurance coverage is not aveilable,
<br /> � �` � � . '� Borcoaer shall pay to I.ender each month a aum equol to one-twelfth of theyearly mortgege insurance premium being '
<br /> � ' paid by Hnrro�ver when the insurance covera�e lepeed or rea.sed to be in effxt.Lender q�ill accept,use and retain these
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<br /> paymants as a loss roserva in lieu of mortgage insur�nce. Loss c�eserve payments may no longer be required.
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