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<br /> S. Hwrd or Propaly. Ipaurance, Botrowu �iull kap the improvemenu now exiuinQ or henadter eracled on the
<br /> a - - Prapzrty insure�a�Qinst lnss by �re, ha�ards inclucied within the term "extendai cover�Qe" and�ny other hazudr, inciudins
<br /> 1luods or flooding. far which Uondnr rcquires inwrauxx.This insurance slwll be mtintalnnd in she amoumc aix!for thc perlod�
<br /> thnt Lendrr requirrs. The insurence cArrier providing the in�wranoe �twll be chocen by Burrower cubJoct tu Lendar'K y�►rov�
<br /> which shall not be unreasonnbly withheld. If Borrower fails to ►rwjnteln coverage descdbod a�va, Lerxler rtwy. �t Lader'�
<br /> option,obtain coverage to pmtect I.ender's righw in tt+a i'�a�:.rty in acconi�nce with p�rnQraph 7. -
<br /> All insurstnee poNcies und mnewuls shntl be acceptable ta Lender and stwl! include a etw�dard rt�n��e el�u�e. l.encier
<br /> a�-� -- r� dh�ll havc the right ro hold the poHcie.4 anci renewels. lf I.endcr c+equins.HorrowGr shatl proa�tiy Yive tu ixi�r o11 re.:ufpl� uf _
<br /> _ paid prcmiumc and rentwa!natiees.In thc event of loss.Aorrower siWll�ive prompt notice w the ituursnce carrier and l.�det.
<br /> -- Lender msty make proof of lass if nat made pramptly by Borrower.
<br /> Uniesa Lender and Bormwer otharwiae ag�in writing,insurance proceods shall be�ppliod to rcstorAtion or nptir of the
<br /> �Y Prn�erty damaged.if the restarndon or repair ls ecanamically feasible and Lender's ca:udry is oot lessened.If the rcatoraticu�or
<br /> repair ix nat xonomically foasiblc or Ltnder's security would be lessenod,the insurance procoodc shall be appliod to the rumt
<br /> � cxurod by this Security Instrumcnt. whethcr or not then duc, with iury exccss paid to Borrawer. If Burruwer�brixi� the
<br /> Property. or docs not anawer wlthin 30 days a nottce fram Lendcr that the insurance carrier hAS offual to�settle�cl�im,then
<br /> L.ender may coUect the insurance proceeds. L.ender may use the prceeods ta rcpair or restoro the Propeny or to p�y�►unu
<br /> - _ securcd by this Secudty Instrument,whether ar nat thcn due.The 30-dxy period will bcgin when the notia is�iven.
<br /> Unless L.ender and &►rrawer otherwise a�ra in writing. any application of pmceeds to princip�l shall rat extend or
<br /> - poctpone the due date of thc mo�thly paymcnts roferred ta in paragr�phs 1 and 2 or changc the amount of the payment�. If
<br /> - under paragraph 21 thc Property is acquiretl by I.ender, Borrower's dght to any insurance policies and proceods rewltin�from
<br /> dumage to the F��operty prior to thc acquisition shall pass to Lender to the exunt of the sums securod by thir Security Inztrumatt
<br /> immodiutely prior to the acquisition.
<br />' . , 6.Occupwncy,PreservAtton, Malntena�ce and ProtecNon ot the Property;Burrower's Loan Appl{caHoni I.eaYel�oldr.
<br />`� � Bnrrnwer shall occupy,establish.and uae the Property as Borrower's pdncipal rr.sidence within sixty days after the exxution of
<br /> � thia Security Instrument and shaU cantinue ta occupy the Property as Barrower's principel residence for at least one ye�r�fter
<br />:- + thc date of accupancy.unless Landcr atherwise agrees in writing,which consent shall not be unreasonobly withheld.or unlac
<br /> extenuuting circumstances exict which are beyond Borrower's control. Borrower shall ewt destroy, dama�e or imp+iir the
<br /> ' Property. alluw the Property ta detcrioratc, ar commit waste on the Property. Borrower shatl be in dcfault if any forfefture
<br /> _ actfon or pre�cceding. whether oivil or edminaf, is begun that in I.,�nd�r's goad faith judgment could rcsult in forfeiwre of the
<br />___ � Y Property or cuherwlse materiAlly impair the lien created by this Security Inswment or I.ander's security interest.Borrowu rruy
<br /> rure�uch o def�ult and rcinstato,as provtded in paragraph 18,by causing the action or procoeding to be dismissod with a rulin�
<br /> ,,.. , that, in l.cndcr's good fatth detarmitwtion, precluda9 forfeiture of the Borcower's intcrcst in the Property or other mnterW
<br /> impuirmcnt of the licn crcated by thi�Security Instrument or Lender's secudty intercst. Borrower shull also bc in default if
<br /> � �" " �:i &�rrower,during the lan applicatinn prncess,gave materially false or inaccurate infomiation or statements to Lender(or foi lod -
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<br /> ;.'...:'. ;:r.. .. to provide l.eixler wlth any material infom�ation)in connection with the loan evldenced by the Note,including,but nut limited
<br /> "�' " " ` "'•'� t�►,rcpresc:ntutionK cuncerning Borro�ver's occupancy af the Property as a principal residence. If this Socuriry Instrument is un a
<br />'��' `��--'.."�'`'^�'`'''�'' Ica.ehe�ld. &►rn�wer sh�l! com�+l; with s!I tha provisions af the lease. If Bonower acquires fee title to thc Propeny, thc __
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<br /> ; �•�-• -- • ••� Icucehold atxf the fcc tidc rhall nut morgo unless Lender agrees ta the merger in writing.
<br /> .^� •',= �, 7.Ih»t�clion ot l.endcr's RlRhts in thc Property.If Borrawcr fails to perform the covenants und agrcemcnts contained in
<br /> _ """'}'r'� �" " thi�Sucurity Instrument, or there i:a Iegul proceeding thnt may significantly affect Lender's rights in the Property(such+u a
<br /> •�,� .��,+„:.._, , pr�xAOding in bunkru{xcy.prcibate,far candemnation or forfeiture or to enforce luws or regulutions),then Lender m•ry do und
<br /> ;r„r,: . • � puy for whutcvcr i.r tittes�wry to pmtc�ct the valuc of the Pmpeny and L.ender's rights in the Property. Lcndcr's uctions nuy
<br /> e_.��r�:,a�..,��• . include puying uny sumr secured by a Ifen which has priarity over this Security Instrument, appeuring in ecwrt. payirig
<br />�'�r' ��•�••-��• • � reau�rwble uttorncyr�' tirs a�ui entering an the Property to make repalrs. Although I.ender may take xtion under this paraQruph
<br /> ,M..',� , . �" 7.l.endcr d��cx not huvc to dci so.
<br /> `"�� �'�' Any unx�unt� disbunisct hy l.onder under this parugrapb 7 shall become additionul debt of Borrower wrurod by this _
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<br /> - ."':` . • ' .' Security Inntrumcnt. Unlr�s &��row�er�uid l.ender ugree to athcr terms of payment, thc�c amounts shall bcar intcrest from the
<br /> ���� • � date of di�burrenxnt ut thc Notc ruto wxi sha11 bc payable, with interest, upnn notice from I.ender to Bomowcr rcquesting
<br /> , paymcnt.
<br /> =',.; ,::,ro..:>";:.,':i $.Murl�uKe Itu�urnn��e. IF l.encltt required mortgage insurunce u�a condition of making the Ioan secured by this Saurity
<br /> - :"'�`'�" '�' Instrument, &+r�uwcr �hull puy the prcmiums required to maintain the mortgage insurance in effect. If, for any rea.wn, the
<br />- =;�;__,;;;' martgugc in�urwur r�►vrrLge rcyuircci hy I.encier lupses or ceases to be in effect. Borrower shall pay thc premiums reyuired to _
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<br /> y4t� obtuin cover��e tiuM��untiully��c{uiwrltnt to the mortga�e insuranee previously in effect,at a cost substantiully equivulent to the
<br /> �J''`` `� cu�t to &�rruwrr�H'tl�c uwrtKagr insurunce previously in effect, from an alrernatc mortg•rge insurer apprewed by I.ender. If
<br /> s�:'.�4 r-•• . .� sub�tuntiully cyuivulc�d nx+ng�Kc inwurunce cuvcrage is not availuble,Borrower shall pay to L.cnder cach month u sum�ual m
<br /> - = �����'`:�=` one•twelflh��f tlu yrarly nk+rtgagc ioaunuxc premium be:ing puid by Borrower when the insurance coverage lapsed or ce�sod to
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<br /> be in effert. l.e�xler wlll uccept.u+e und rewin these payments as a loss reserve in lieu of mongage in�uranee. l.ass rcaerve
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