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<br /> 'r:;::' .;.`�'�°�.� 9. H�a��d or Propetty In�unaoe. BornaNer etu11 keep the improvemanta nK3e��tin�i�����Tter'"eroated on
<br /> �.•, - ... . tha Prop�ty fmured��ain�t las by tiro lux�rd�inoluded Mlthio the term e:tended covera�e �nd any other luz�rds,
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<br /> �� '�'�"''���. inaludin4�lood�ar tloodin�.tor Nhich�.ander roquira insuranoe.This insurance�hall bo m�fntained ln the amounte
<br /> � .,,.: �.:.; md+tor the perloda tMt Lender requira.The insunnoe curiee providin tha inna�snce dNll be oha�en by Horroper
<br /> �� ��.�,. ,�,-. : . �ubjeot to l.ender'��pprov�l whtoh�hdl not be unre�ean�Wy Niehheld.lt�rrower fdb w mdnt�in covenQe daceibed
<br /> ..� abuve,Lender m�y�at L.endar'�opuon,obtain oove�e to proteat Lender'�ri�hta in ehe Properey in iaoordanoe Mith
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<br /> ���,,.,,,.�,Y r ��i inouanoe palicia and roneN�le ehall be�oaeptable w I.ender and�hdl inalude�standsrd mort�e ol�u�e.
<br /> , .. : L�mder ehall hsve t he ri ht W hold the p aliciae and ronew�ls, It Lenderrequlros, Borroxer ehall p r o m ptl y Qive to
<br /> � �� ;�r i.ender�I)raoeipte ofp�i�premiums�nd renewd noticee.In the event of la�,B ornoMer slull Qive prompt nodoe to the
<br /> �-;� ..-,: ;..�• inauranoe carrier�nd Lender,Lender m�y nuke proot ot laes it not mafe promptly by Borrower.
<br /> .•� _� � �' , � Unlaea l.ender and Bo�rower othenvlee a�roe in Mrltin�.insw�noe pi�a.�eede ehdl be�pplied to roetoration orrepair
<br /> '. of the Property d�m�Qed.i�the raetorationor rep�ir is aconamically taefble and Lender'e eecurity ie not le�eened.It the
<br />{- �• - �, � , ��' reetoradon or rep�i�je not economically te�sihle or Lendar'a security would be lesaonod,the insur�noe proceede aha116e
<br /> '' �Pplied to the eume aeound by thie Securtty Inetrumant�ahether or not then due,aith any excees pid to Borrower.lt
<br /> .,�.�..., .. Horrower aMndona the Pmperty�or doea not ansaer within 30 days�notive from i.�ender that the inaur�noe carrier hae
<br /> ` .t •�'` oftarod w eettle a claim.thea Lender msy collact the inaurance pnx�eede. Londer may use the p»ceede to repir or
<br /> _ � �`�f�1 � � reatore the Property or to p�y wms axurod by tida Seaurity lnstrumvat�whether or not thai due.The 3Q�day period will
<br /> tw�in whan the notice ie given.
<br /> _�' r � Unlass Lender and BorroNer otherwiee agree in Nrftin�,any�pplication ot proceeda to�ncipal ehdl not e�ctend or
<br /> - ' p�t pono tho duo dato ot the monthly qyments rofemed to inpua�a phs 1 and 2 or chan�e e amount ot the pymenta
<br /> . 1 � � lt�under pan�raph 21 the Property ia aoquirod by Lender� Borrower'e riQht to any insure�ux policiee and proceede
<br /> _ rcsultin�trom d�m�Qe to the Pcaperty prioc ta the u;quleitian ehall pass to Lender w the enent of the euma oeowed by
<br /> thia Seaurity Instrument immediatelypr�or to the acqujeition,
<br /> � o ow 's Lwn A licstion•
<br /> 6.Occu no Preservatioa M�inten�noe aud Proteation ot t6e Pro B n er ,
<br /> p� .
<br /> � I.ea�6old�.Borrowar slull oocu�Y.eatabliah.and use the Property ae Borrower�a p�incipd raeidence with n�xty daye
<br /> � , dter the execution ot thie Secunty Inetrumont and shall continue to occupy tho Pmperty �s Horrower's princlpaJ
<br /> , rc�idence for at la�st one year�Iter the dau oi oocupancy,unless Lender otherwise a�ees in wridng,which consent shall
<br /> not be unreaeon�bly aithheld,or unless axtrnuatin�cfrcumstancas exist ahich aro beyond Bornower's contml.Borrowcr
<br /> shall not destroy,damege or imp�ir the Property,alloa the Property to deterioate,or commit aaete on the Pmperty.
<br /> Borrower ahdl be in detault it any torteituro action or proceedin�,whether civil or crimiml,is be�un that in Lender's
<br /> . gcMd faith judBment could result in iorteituro of the Property or otherwise materielly impair the lien croated by this
<br /> Security Instrument or Lender's security intercst. Borrower may curo euch a default and reineLte��e provided in
<br /> �. patagraph 18, by causing the action or proceedin� to be diemissed aith a rulin8 thst� in Lender's �ood faith
<br /> determiruition,precludes torfdturo of the Borrower's interest in the Property or other materid impairment of the lien
<br /> - � crcated by thia Secu�ity Inetrument or l,ender's sxurlty interes�Borrower shall also be in defsult if Borrowq��durin�
<br /> . th� lwn application process.gave mauri�lly false or in�ccurate in[ormation or statemante to Lender (or f�ilod to
<br /> �,�; .�;; pravide Lender with ony material inform�tion)in connection with the loan evidencod by the Note,includinE.but not
<br /> ��i�. limited to, reprasontatio�re concerning Borrower s occupancy o[the Property as s principal residenve.It this Security
<br /> Instrumrnt ia on a leasehold. Borrower shall oamply with all the provisions ot the leaso.I[Bomower acquires tee dtle to
<br /> the Property,the leu�ehold�nd the[ee dtleshal l not merge unles9 Lender agrees to the merger in writin�.
<br /> 9. Protection ot Leader's Itig6ts in the Property, lt Borrower faile to pertorm the covenanta and agrcements
<br /> ' oontained in thia Security Instrument,or there is a legal proceeding that may signiticantly�itect Lender's righte in tho
<br /> �►• Property (such es a pcaceeding in bankruptcy, probata, tor condemnation or forteituro or to entorce laws or
<br /> ,1 ; regulations),then l.ender may do and pay for whatever is necess�ry to protect tha value ot the Property and Lender's
<br /> , rights in tho Property.L.cnder's actions may include paying any suma secured by a lien which has priority over this ' .-
<br /> • Security Instrument,appearing in coun,paying reasonable attorneys'tces and entering on the Property w m�e repaire. `'�"'
<br /> � Afthough Lender mey take action under this paragraph 7,l.ender das not have to do so.
<br /> � Any amounts diabursod by l.ender under thia pAregraph 7 shell become edditional debt o[Borrower secured by thia �A�:
<br /> � : Security Instrument.Unless Borrower and Lender agree to other terms ot payment,these amounts shdl be�r interest +.`
<br /> from tha date ot disbursementat the Nota rete and shell be payable,aith interest,upon notirx fcom Lender to Bnrrower '
<br /> requ�ting puyment.
<br /> 8. Mort�ipo Insurance.If l.ender required mortgage insurence as a condition of making tha loan sacured by this "�
<br /> Security Instrument,Borrower shall pay the premiums required to maintain the mortgage insur�nce in eftxt.If,tor any �
<br /> reason, the mortgage insurance coverage required by I.ender lapses or ceases to be in etfxt,Borrowcr sh�ll p�y the •
<br /> ±" � premiums required to obtein coverege substantially equivalent to the mortgage insurence praviousty in etfect,at o cost ':
<br /> aubstantielly equivalent to the cost to Borrower of the mortgage insurance previously in ettect, trom an alternste ''
<br /> � mortgage insurer approved by Lender. It aubstantially equivalent mortgage insurence coverage is not avsilable,
<br /> Borrower shall pay to Lender each month a sum equal to one-tweltth of the yesrly mortgage insurance premium being
<br /> . • paid by Borrower when the insurance coverage lapsed or ceased to be in etfect.Lender will accept, use and retain these
<br /> � j payments as a loss reserve in liau ot mortgege insurance. Loss reserve paymente mey no longer be required, y ;`;•;
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