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<br /> 4.Fire,_i�lood�ud Qtbec Nszard iasar�uee.8orrc�wer stjatt iasure all impmvements;on the Froperty,whether dow in
<br /> eaisteace or snbsequently e�.Ked.against any Uar�rds�rasualties.and wntingencies.inciuding fin. foi which Lender roquires
<br /> � insurance. This insuraix:� shall be"snaimait�ed in the amounts and for the periods d� I.eader nquires. Bomawer s3�aU atso
<br /> insure�lt}mproeemasts an Praperty. rnow n eaistence or su u y .
<br /> - � e+equired by the Sxreta�. Atl insur�c�shall�be c�rried with compaaies approv�by l.eader.The ihsular�ce poliries and any`
<br /> rtnewats shati ioe hetd lsy Le�and shap iescltute loss payable ciauses in favor of,aad i»a form as�eptubte to,Leader. �
<br /> - ----- In the event�sf toss. BomsRer shal!give Le�det immed�ate nntice Dy tnail. I,ealer ntay make pmof af toss if not made - --------—
<br /> promptly by BoROwer. F�ir�surance wrupatty m�"emed is hereby auchorized aad direct�tn make�yment far such toss _-
<br /> _ directty to[,ender.inste�d of w Barmwer and to l�nder jointly. Aii or any part of tht insarsnce pmceeds may be applied by !��
<br /> - - l.ender.at �u�ption.either fa)to ti�e reduction of the indebtedness under the Note and this S�curityr Instnunent.first to any �== —
<br /> delinqaeat amawtti applied in the oNer in paragap6 3.atd theu to Pre{mYment of principal.or(b)to the restaratioa or c+e�vr �
<br /> ��- of the datn�ged Propeccy. Any application of the proceeds to the principal sh�11 not extend or postpone the due daUe of the ��, _
<br /> = tnonthly paymeats which aze referred to in.paragraph 2,or change the amwnt of such paym�ents.My eacess i�surar�ce proreeds ��
<br /> over an amount req�ired to pay all outstanding i�ebtedness under the Note and this Sea�riry Insuument sha11 be paid to the —
<br /> -.c:` ertity tegaliy eMitted tliereto. "�-"� _
<br /> In the event of foreclosure of thi�Security Iastzumerst or other transfer of title ta the propercy that eatinguishes the �=�._
<br /> indebtedness.atl right,titte and interest of Borrower in and to insurance policies in force shalt pass to the purchaser. �°��=
<br /> - S. Uc��ap�ncy, Pr�servatfon Mainte6a�oe smd Protecttoa ot tbe Prope�ty:'Bormvrei's Laan•Applkallon; ���
<br /> .. .,, � ��'`��-
<br /> - �;L�r�t�i. Borrower shall ovcupy,establish.and use ths Fropecty as Sorrower s principal residence within sixty days attes ���
<br /> � the e�a�vaoa of this Security Instwnent and shal!cominae'tcs aa.�upY�Fcvperty as Borrower's principal residence for at teast �_ —
<br />_ �':��`;�t one year after ihe date of occupaney,antess the Secretary d�.aes t�iec�cirement wiU ca�$utdue hardship for Borrower. .Q::��-•_
<br /> �.<; • or uNess extenuating circumstances exist which are beyond BosruxFi�.control. Borrower sha11 rn�tify Lenders af any �r _�.
<br /> . ,.�,. ; '-�,. ;. extenvating cire�asstances.Borrower shall not commit waste or destroy,d�age or substantially change the Property or allow , �'`�-►�";�.
<br /> . . ,,,� �,. ' � ihe Property Lo deteriorate.reasattable wear an�tear excepted. l,rnder may impec!the Property if the�Praperty is vacant or - `
<br /> abandoned or the loan is in default. Lender may take reasonabte action to pratect and preserve such vacant ar abandane� .��4
<br /> �". ' ��;:�=
<br /> �"�_;.:�� Botrower shall afso be in default if Borrawer.during the loari application prooess.gave materially false or inaccurate ~''°•� =-��
<br /> _ PraPertY• '.�.:�;<<<: :.-_=�
<br /> - ._f...1.Y,t� .r:r-�:-'_
<br /> . !�t;�}:..•. informatlon or statements to Lender(or fa�led to provide Lender with any material infomnatiun)ia aeanection with the loan ,_3.;a*
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<br /> • - � 4 evidenced by the Note, including, but nat timited to. representations coaceming Borrower's occup�of the Property as a �'�'�
<br /> � 1�.�' � prineipaf residence. If this Security Instrument is an a leas�old,Borrower sha11 oomply with the grucisions of the lease. lf ��`'� �� '`�
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<br /> ;"",��'� Boma�zer acquires fee titte to the prvperty.the leasehold arr�f�title shall not be nserged�,less Lemder agees ta tbe merger in "q,.,;.;,_,,r��� •', _
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<br /> =':`�.:. �;_;'`. ' 6.Cfweges ta�orrowec and Pratection ai Lender's Rig,�ts in t[�I�tvperty.Borrower shalI� zi�go�emmantal or � -� °-
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<br /> °.� �• ;�%�'1.`��:.R: muniu-'pa1 charge�. fines and impositions that are not incladed in para�rgh 2. Banower shall pay these obligatio:.s on time _.
<br /> i�"`�'�`��" ° directLY co the ensity which is ou•ed the a mert.if faiture ca woutd adversei affert Lender's interest in the Frc�ty.upon ' � ;
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<br /> .i ':'r;"�•� Lender`s request Borrower shalt promptly fumish to Lender r�ipts evidencing these Qayments. • �± �•' • _: ;
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<br /> � � " � •�-•: ' If Botrower faits to make these payment�c�dx:paymen�s required by paragraph 2.or faiis to perfarm any other cavenants = . . -�'�'_-
<br /> .' ��'� and a eements contained in this Secvrit Instru�m:,.t.or k`e:e is a 1 roceedin that may significant3y affect Le-+�-der's ri ts ' � ' c"
<br /> ' �r<x � � Y �' P � F� t�, .;:'..�:• i:_,:_
<br /> � in the Property(such as a proceeding in bankruptcy.far a,r•.,i�mnation or to enforce laws or regulations).then L�r+i�:'may do '�'>�'�;�L, .e�'_
<br /> • � �:•, � p,�...ti,_. �
<br /> •' � ��� � and sy�whatever is necessa to rotect the vatue of the,t'�a erty and Lender's ri ts in the Pm includinm ��:-�ent af .;_-.
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<br /> . :; •r� �.��„{:.'.� taxes,t�rd insurance and ather items mentioned m paragraph 2_ , '':.ri;e,G,-
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<br /> � � ,ti�}�a,��xtnt�disbursed by Lender under this paragraph shall becare an additional debt of Borrower and b�sh.rured b: � ° . 4,r�.
<br /> `� �``��' this�urluy lnstrument.These amaunts shall bear interest fru�the date of disbursement,at the Note rate.and at�i"se�3ption of �:�1��,;k,.. ; .�: � „_
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<br /> '. ' L.er�5:4a11 be immediately duc and payable: �r•'� �'�``�Y
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<br /> . ,� �..` ,,�. ., 7. Caademnation. The proceeds of any uwurd or ciaim far daznages, direct or c�nseqdential, in connection with any �:.•:
<br /> . • ; �' `"i�;: cont�:�nnation or other taking of any part oi the Property,ar fnr conveyance in place of condemna�ion,are hereby assigned and
<br /> , �- s4raiT b��patd to Lender to the cxtent of thc full amuunt of tho indebteiiness that rem�ins unpaid under the Note and this Secudty . ,
<br /> �;h''. ���..� �1�,.
<br /> � � lnstivrrent.Lender shall apply sucb praceeds to�he reduction of the indebtedne�.�under the Note and this Securiry instrument. . •
<br /> � . • -�` first to any delinqaent amountti tipplied in thc ardcr provided in paragraph 3, anJ then to prcpayment of principal. Any �
<br />{' .�` • a lication of the proceed.r to the principal shall nat extend or postpai�e the duc date of the monthly payments.which are
<br /> .�':,'• " • . �•411(NE) Pac�e 3 0�B � .
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