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<br /> S. 11aaaM�r Prope�ty Imuraa�x. Bocrower�iull keep the lmproverr�ma rww ex�pr�c3acted on tl�e
<br /> propertY inwrod qdrot las by firc. iw�sseda included within the term "extendo4 oovera�e" and �ny wher hwrds. inci�dinj
<br /> _ _- -- ftoad:ar ticudiss�, for!�!slch L!�n�ler t+eq�itrs �n�ur�nee. Th!s ln�esren!r nh•il hn m.fnt�ined In the amout�ta and for tta period� -
<br /> tiuit Lerider rrt��quire�. The inwrwNx canicr provldin�the inwruxe stull be chaten by Borrower wbject to I.ander'�approvd
<br /> which studl not be unrcx�auibly wlthheld. If Barower fdls w mainuin covonee dcu�ibed �bove. i.ender may.at L.et�dcs'�
<br /> option,obtain coverage to protect Lendt�'s rights in the Property in accotdu�e.wlth�wragnph 7•
<br /> �-' All inwnuwe pollcies and rca�ew�l� �twtl bc acapt�blc to i.ernicr iuKl siwli inriuJe a sGu�u'd mort��e clausc. Le.ndcr
<br /> _ _�� shs11 have the ri�ht to hold the policira u�d nnewds. If L.ender requires.Borrower�hall promptly give to Lender all moeipu of
<br /> --�� paid prcmiums and renew�l naices.in the event oF tozc. Horrower�11�ive pranpc notia to the inwnu�ce cArrier�u�d Ixnder.
<br /> l,etdcr may make praof af losa if not mde promptly by Barrower.
<br /> Unless Lender and Borrower othenvise agca!n writing. inwrance proceecls sl�11 bc�pp8ad to restaration or rcpair of tlx
<br /> Prope�ty danuiged,if the restoration or rcpair is aonomically feasi6lo u�d Lenda's socuriry is not Iessenod.lf dte restoratian ur
<br />� t�ir is�wt oconomically feasiblo or Lender's saurity would be Iessened,tlie insuranx proc�eods siwll be appliod to the wrns
<br /> cecurod by this Secudty Inatiument, whether or not thcn due,wlth any eacess p�id to Horrower. If Bomowa obandons the
<br /> property,or does not uiswer within 30 dayc a notioe from L.eaider thAt the insurance carrier h�s offeral to settle a cl�im. then
<br /> I.endes itwy wllat the inwranoe proceeds. L.e+der mAy use the proceeds to rep�ir or resto�e the P�+operty or to pay wcta
<br /> cecurad by this Sa�ucity Instrument.whet'her or tat thcn due.The 30�dby period will begin when the notice is given.
<br /> Unlacs Lcrder pnd Horrower othtrwise agroe in writing, any application of proceads w principal siWl �ot extcnd or
<br /> - _ _ poupone the due date of the monthly paymenu refemed to in paragrnphs 1 and 2 or change the amount of the pnymcnw. If
<br /> � under pAragraph 21 the Property is acquirod by lender, Borrower's rlght to any fnsurance policies snd proceeds c�esulting from —
<br />, � dartu�ge to the Pmperty prlor to tt�e acquicition sFull pass to Lender to the extent of ihe wms securod by this Security Iustrument
<br />=° inut�adiatcly prior to the acquisition.
<br /> 6.Occup4ncy. Preservatba,Maioteannce�ad Protection of tbe Propa�ty; Borrower's Lo�n AppUcation;I.eASehd�,
<br /> Rorrower shall accupy,establish.and use the Property as Bormwer's principal tesidence within sixty days after the execution of
<br /> . this Securlty Instrument and shall continue to occupy the Property as Bc�rtower's prir�oipui residence for at Ieast one year after
<br /> the dute of occupancy,unless Lender atherwise agrexs in writing. which consent shall not be unreasonably withheld.or unless
<br /> . exten�ating circumstu�ces exist which are beyond Borrower's control. Bomower shall aot destroy, damage or impair the
<br /> Property, allow the Propetty tu deteriorate. or wmmit waste on the Property.Bon'awer shall be in default if any forFeiture
<br /> actian ar proceeding.whether civil ar cr�minal,is begun that in Lender's good faith judgment could�+esult in forfeiture of the
<br /> - Property or othenvise materially impair the lien created by this Security Instrument or Lender's sacurity intercst. Borrower may
<br /> cure such a default and reinstate,as providod i�paragnph 18,by causing the action ur praceading to be dismissed with a ruling
<br /> ••� that. in I.cnder's goad faith detertnination. pncludes forfeiture of the Barrower's interest in the Prapr.rty or other material
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<br /> - • �� impairment of the lien created by this Security Instrument or L.ender's security intercst. Borrower shail also be in default if
<br /> Barrawer,during the loan application process. gave materially false or fnaccurate inforn�ation or statements to Lender(or failed
<br /> :' j'�:;;, ,`., ; �� � to provide L.ender with any material information)in connection with the loan evidenced by the Note.including,but nat lirnited
<br /> � •a<• '��• ta.representations concerning Borrower's accupancy of the Praperty as a principal residence. If this Security Instrument is on a
<br /> '�`�" "�"�� leasehold, Borrower shall comply with atl the provisions of the lease. If Borrower acquires fee title to the Property,the
<br /> C.,.AS. .-.,.�• .
<br /> "�"�•�':��:. '�" ` leasehold and the fee tide shall not mergc unless Lender agrecs to the merger in writing.
<br />•• �!`��{'`�'� '`.�::-• � 7.Protecdon ot I.ender's Righta in the Property. If Borrower fails to perform the covenants and agreements containcd in
<br /> ����� � � ` ' this Security Instrument, or there is a Iegul procceding that mny signiftcantly a(fect Lender's risMts in the Praperty (such as a
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<br /> __ • � ,,:, , ,� . • proceeding in bc►nkruptcy,probate, for condemnation or forfeiture or to enforce laws or regulations),then Lender rrwy do and
<br /> H, •� +��=�= " ' for whatever is necessa to rotat thc value of the Pro rt and Lendcr's ri hts in the Pro rt I.ender's actions ma
<br /> .�•t._r�.� . .. I PaY rY P Ix Y ' s Pe Y• Y
<br /> � ��'��;.�.� : ' . include paying any sums secured by a lien which has priority ovcr thic S�,�curity Instrument, appearing in court, paying _
<br /> ;�.;ti;;;�;:, . � reasooable attarneys'fees and entering on the Propeny to make repuirs. Although Lender may tuke action under this paragraph
<br /> •�,t�'•"'�:'' � '�'+ �. I 7.I.ender dces not have to do so.
<br /> y �;'�°";"�'�" " " Any acnounts disbursed by Lender under this paragraph 7 shall 6ecome additional debt of Borrower sccurod by this
<br /> � Security Instrument. Unless Bormwcr and L.�:ndcr ugrce to othcr tcrnis af paynxnt, these umounts shall bear interest frorn the
<br /> :����, date of disbursement at the Note rate nnd shall be ��yahie. with interest, upon noticc from Lender to Borrower requesting —
<br /> payment.
<br /> �� � �.���...... 8.Mortgage Insuranee.If Lender reyuired monguge insuranre as a condition of making the loan secured by this Security
<br /> 'h� Instrnment, Borrower shalt pay the pmmiums rcquircd to maintain the mortgage insurance in cffect. If, for any reason,the
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<br /> ,. � mortgage insurance coverage required by Lender lapxs or ceases to be in effect, Borrower shall pay the premiums required to
<br /> _- �-''`"°`'" obtain rnverage wbstantially equivalent to the mortgage insurance previously in effecL s�t u cost substantially equivalent to the
<br /> ""1�'� cost to Borrower of the moctgage ingurance previously in effect, from an:►Itemate mortgage insurer approved by I.ender. [f
<br /> �`=?� ' � �?'' substantially oquivulent mortgage insurance covera�e is not available,Bonowcr shall pay ro Lendcr each month a sum equal to
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<br /> �'°"���'_��::►° ..• . � one-twe(fth af the yearly mortgage insurance premium being puid by Borrower when the in�uranre coverage lapsed or cea.sod to
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<br /> .itx��; -- � be in efftct. I.ender will accept,use and retain these payments a+ u loss mserve in lieu of mortgage insurance. Lass reserve
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