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<br /> 3.H��a�rd or Proparty Insurance. liarrower e6dl�eep t e mprov�ments noM oilsttn�or herer�ftec eroated on
<br /> the Pmp�arty ineurod og+inxt I�a by fire,h�z�rd�included within the term'oxtended covora�e"and my ot1�a tuurdr,
<br /> ;ncludia�ilaade or ticx►din�,tor which l.endar requiros imuanoe.Thie lrounnoo�iull be an�inained in the amouna
<br /> �nd tor the petioda�hot IxnJer royuirrs.The in�ursnvo c�rrler providin tho imur+u�ce�tull bo choeen by Borruxer
<br /> eubject to I.,ender's apprv�val which sholl not be unrcaeansbly withheld.lI�mower bils to mantain ooven�e darctlbd
<br /> � above,Lando�m�y,�t I.nnJnr'A�►ption,abt�in covenee to protect I.ende+''�rl�ha in tbe Pmperty in aacord�noe Mith
<br /> Pua�nph 7.
<br /> �; Ali insunnca M�licic�ond �anawal�v shdl bo��:cophble w Lander and shdl inoludo a etand�rd mort�aee ol�uce.
<br /> �;�� ; Londer ehdl Inve thr right tn hold tha puliciee md renewala It l.enderroq ui�+eo, Borro�ra �11 promptly �lve w
<br /> I.ender all r�eiptx ut{wiJ premiums and renewsl notices.ln the event at lna+.HorroNer eha��giv�prompt notioe w the
<br /> � iiuuranco c��rier and 1.nnJer.IxnJnr may m�ko proat of loss it not made pmmptly by HorroMar.
<br /> .:;j Unlose l.ender anJ}i��rrowCr�►therwise��roa in wr�tine�ineurance Proceede�h�1�be�PPlied w raecontton or�r
<br /> ot the Propeny damaged,it ihe r�u�ration or repair ia econamic�lty fe�sible and l�ender'e aecurlty is not lerened.i the
<br /> �,t�,,. resWrotion ar repair is nuc rconumically fersibla or Lendm's eocurity would be laeeened.the inaunnce pe+ooeeds dull be
<br /> ���.;���,.r,, applied to thn surns sc�:urc�ci by this ti�xurity lnstrument,whother or nat then duo. aith�ny e:cese p�id w BorroMer.lt
<br /> V.e_•:<,:;, ,,��,.���_,.�� Bqtrower�bandons tha Pr��(�rty,or durs nat anawer within 30 d�ya s notice Irom Lender ttut the Ineurance arrier lus
<br /> �w';�'::";:' ottered to settia a claim, rhan I.endrr may coilect thn insurance proceede.Lendar may use the proceeda to rep�ir or
<br /> ��;;��,,;?�,.;c.;,�r� restore thd F'r�iperty o�t��puy�umR�secured by this Security Instrument,whether or not then due.The 30-day period Mill
<br /> „- be�in ahen the noti�r is�;i vrn.
<br /> "'• • �'�''`���'n' Unless I.xndtlr anJ li��rr�►wCr otherwise agree in writing,any application ot proceeds to pr�nclpal shall not axtend or
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<br /> poatpona tha due datr uP tl�a munthly payme��ts retetred to inparagnphs 1 and 2 or chan�e the amount ot the paymcnte.
<br /> �}�.'` � �`"'�• , It under ra ra h 21 rf►r I'r�► rc is ac uirod by Lender. Horroaer's ri�ht w sny insuance policies�nd proceeds
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<br />_ ; . '��. resulting trorn damage to the I'roprrcy prior to the acquisitinn eh�ll paes w Lender w the oxtent ot the aums eeewed by
<br /> �? ';'..;:�`���;.,�::-
<br /> �� ?' �'�' ��;�rr. thisSecurity Instrum�sn�immediat�ly priur tuthaacquis�t�on.
<br /> �y}_,,,;::. ,� ; ';Yi.,'. . '.'.} 6.Ocuup�ncy,I'reser��ati��n, Ataintaa�ncesad Protectioaof the Properiy;Borcower's LoanAppliation;
<br /> r h ..•..,yi:'.,, Lwsebolds. lioriawcr shaU�kru�y.asteblish,and use tha Property a:s Borrower e principul residence within siYty days
<br /> �'�`�-"��• after the execi�ticin ��f this tir«irity Instr�iment and shall continua to occupy tha Property ae Borroaer's priaciptl
<br /> '.��«:•; • � rcsidanee for at lesst�m�year aPurr thn Jate oP a:cupanoy,unlesa I.endar otherwiso a�t+ees in writin��whieh consent ahall
<br /> � � � not be unreasonably�«•ithheld,or unlass extenuating circumstances exist whioh are beyond Borrower's control.Bomower
<br /> _ �.• .�`.�...� • shall not destrny.damage�►r impair the 1'roperty,allow thd Propeny to deteriorate,or commit weste on the Pmperty.
<br /> ' Borrowar ahall be in JePa�dt if:�ny forFeiturC actian or proceeding,whether civil or criminel,is be�un thet in Lender's
<br /> � � � ' good taith judgment cuuld rrsult in torfeiture ot tha Property or otherwise moterially impeir the lien croated by this
<br /> ��„�.:'`'.�' �• . " Security lnat�ument or I.CnJer's r,ecurity int�rest. Aorrower may cure euch a default and roinstate. �s providod in
<br /> , � peragraQh 18, b�� causing tbr acti�m „r pmc�iing to ba dismissed with a ruling that, in I.ender's �ood [aith
<br /> - determ�natinn,pr��:luclrs f��rfeicure ut thC Horrcxve�'s interest in the Property or other materisl impeirment of the lien
<br /> � 4 . .. .� created by this ticwurity iu�trwnCUi��i f.CodnrF sec:urity int�t. Barrotiset�ha!!alsa bt ia defnult if Borr�wer,dwy�g
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<br /> , tha loen a�plication.pr��a•ss, gavr matCrially falre or inaccuretd intarmation or atatementa to Le�►der (or 4ailed to
<br /> � „ •• „ provide Lendcr �vith:iny matCrial intormatian)in connectinn with the loan evidenced by the Note,including, but not
<br /> ; � � limited w,reprCSrntucinns cuncrrning liorrnn�rs cxcupanc�•aP the Property as a principal residenee. It this Security
<br /> • • .. lnstrumtlnt ison a Ir�srlu►Id,li��rn����er Sl�all cumply�vith all tho provisions ot the lease.lt Borcower acquires fee title w
<br /> .�:;'�� the Yr�perey.[hr Ir���h,dJ unJ the tCr ticlr sh�ll not mnrgn unlws I.ender agrees to the merger in writing.
<br /> a 7. I'rotectiun��f I.eodur'c Rights in the Property. If 13�rrower tails to pertorm thecovenants and agreements
<br /> '� ' contained in thi�tircuri�s Im:trumrnt,��r therr is a Iaga1 procc�di�g that may aign�ticantly atfect L.ender's rights in the
<br /> �; • ' ' Property (auch as t+ �r��rr�Jing in hankruptc�•, probatn, For cundemnation or forteiture or to entoree lews or
<br /> �.,� regulatiuns), then Lend�•r msq J��anJ pay fur ��'hatn��er is ncti�ry «�protnct the value of the Property and I.enders
<br /> ,�t, • righte in thr Pr��prr��•. L�uJrr'�acti�►ns m•r�•inrliidn paying uny sums secured by a lien which has priority over this ��
<br /> 'l+ ' Securit��lnatrumrnr,:���•:+rin�;in r��ur�,ra�•ing rruu�nahln atturneys'tees and entering on tha Property to make repairs.
<br /> � � . Althuugh l.�nJrr ms���rakr�ic�i�m undrr thig parugrnph 7,I.ender does not have to do so,
<br /> - -•- � Any amountN di�:hurscd h� Lrndrr under this raragroph 7 sht+ll l�ecame additiona)debt of Borrower secured by ttua
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<br /> � . !. :: .� 5a;urity lnstrumunt. l�nlc:,s li�►rr����•�r�nd 1.rnJcr agrre tu other te�ms of payment,these amounts shall bear interest
<br /> . , , trom[he Jatrnf dishurs��mrnr ut thr\��tn rutn and shall he payable,a�ith interest,upon notice fmm l.ender to Borcower
<br /> � '.f; requegting�aJm�•m
<br /> � �'"'!� 8. A�Oftgagr ItlsUf.�nce. If I.rnJrr rryuirrJ m�►rtgagr insurance as a condition oY making the loan secured by this
<br /> �. •:,;,';•,;� S�c;urity Instrument,Nnrr��a�r sludl �a� ihr prrmiums reyuireJ to maintain the martgage insurance in effect.tf,tor any
<br /> ''!' ��, �� ,• . . rea.son the rnnrt�a�r in>:urr�rn•�• c����r:+g� rrynired b�• I.rnJer larses ��r cea�to be in etfect, Borrower shall pay the
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<br /> ''� ' �,;:j;;���•;;,' prrmiumF rryuircd tu uM:�in c��<<r:�y;r�•uh-.t�ntiall�•ryui�•alrnt u�tha murtgage insurance prat•iously�n rffc�:t�at a cost !
<br /> ' • °• :.•• subswntiall�' ryui�+d�•nt r„ ihr r��,:� i�� Rurrno•rr uF thr m��rtga�;r insurancr prrriously in ette�:t,irom an alternate !
<br /> � . ' � � murtgngr insurc•r :�����n���•J h� L�•nJ�•r. If .uh,t�ntiully� ryuie;,lcnt mortgage insuranre roverage is not availeble, �
<br /> ;. � . � • (
<br /> • li�rnia•r�shall ��:q u�I �iul�•r c:irl� muntl�a som ey�wl t��nnr-tarlith of thr yrarly mortgage insurance premium being
<br /> . paid by� li��rr��a�•r t�h�•n �h�•i�e:ur:m���•�•����•ra�;�• I:,pSrJ ur r�.i�ed tu hr in rPfrct.l.ender will accept,use end retain these
<br /> - , pa)�ments os :� Im:s rc•.�•n�• i�i li�•u ��f m��r�gugr intiuruncr. I.��ss rrsrr��r pay�ments may no longer be required, :
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