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<br /> s. tiwrd or Yropa�ty t.wraoce. 9on�ow� .b�l� tu�ep tbe improvanaw now exi.ttn� or deroRft�er erenea on the
<br /> Pruperty ituurod�+�in�c locs by fire, huardi included within the term "extendod onvua�e'and�ny other hs:xe+di, �ncludinj
<br /> floads cx tkwdinp. for whkfi Lender requira inwnnoe.This inauru�ce yhall be rn�rw�ined in the�mour►ta and for the paic�
<br /> thot l.ende� requircs. Tt�e inwnnce uurier pmvklin� the tnwnace dwll be cho�en by Borrower fubject ta i.ender'� a�p��v�
<br /> which shall rqt bo unrcawiuibly withheld. If Borruwer fdla a m�intain rnver�e dacribal �bove. Lender m�y. �t i.aKkr'�
<br /> option,abtain coverage ta prota�t Lender'e ri�hts in the Propeny in a000rdunce wi�h pu�n�ph 7.
<br /> -- ---��— — All inwrancc policla ,�rd rcnewals shetl bc xc�ptabla to L,ender�mi shall inctude R uincl�M rrortg�ge clw�e. Lendr,�
<br /> �lwll have the ri�ht to hoW the policia u�d rrnewd:.if Lender roquftes.Borrowcr ahall promptly Rive to L.a�der dl crceipts of
<br /> -_ - — pik!prui�iu�iu and renew�l:wtices.ln thc evcnt of loss,Borrou�cr chall�ivc prumpe notice to the lasurance c�riier and 1.entler•
<br /> � Leader moy m�ke proof of lo�s if not m�ck pcanptly by Borrowa.
<br /> - Unlaw I.etxkr and Borrower ott�envise�ra in wr3tinQ,inwance proceods�full be applied to rcstontfott or repnir of the
<br /> Property dam�ad.if the rcctoration or rcpair is oconomle�lly fasibin�nd l.ende�'R sxcudty ls not lessenod.If the ceuor�tbn or
<br /> rcpir is not ocawmicaily feaaible or L.ender'�sa,�urity would be lessened. the inwrance penoads rJNll be appliad to tho cumc
<br /> aa:urod by this Security lnstnunent. whettkr or not then due, with any oxoess prid w Borrower. If Borrower ab�r�dc►�u the
<br /> ---°-------� Property,or daes not answer within 30 days a notice from l.ender that the insurar�cc carrier hac offued to settle a claim,tuen
<br /> Lender nwy coQxt the insuruice procoods. l.ender may use the proceeds to rep�ir or rato�e the �+opeRy or w pay sum�
<br /> __ �a.wt+ed by this Security Instrument,whether or not then due.The 30-day period wftl begin whei►the notice is given.
<br /> Unless Lender And Borrower ott�erwiu agra in writing, any application of proceods to princip�l siwll not oxtend ar
<br /> _—= postpone the due date of the monthly payments�efercad to in paragraphc 1 �nd 2 or change the arnount of the paynxaus. If
<br />-_= wxkr poragraph 2 t the I'ropeny ys�cquircd by Lender.Borrower'e rig6t to any incurance policicc and procoeds ruulting from
<br /> dam�ge ro eho Propeny prior w the Acquisition stull pass to I.ender to tt�c extaK of the wms socur+od by this Secudty It�stNma�c
<br /> iaunodiatety prior to tlie acquisition.
<br /> 6.Oocupancy, Pra�ervatbn.Msintenaocti and Protection ot tbe ProP�Yi Borrowa's I.o�n Appliaitton;I.e�e�ald�.
<br />. ,r ., �r-t�., ..,. Hocrowu shall oocupy,esroblish,and use the Property as Borrower's principal residence within sixty dayc after the exocution of
<br /> '.'�'`. �'.:'� this Security Insin�rnent and sl�ll continue to occupy the Property as Borrower's principal ra:idenoe for�t Ic�st one yeu after
<br />, ,��,, .;f •,�,�-�, ..,4 the date of occupancy,unless L.ender othenvise agrees in writing. which consent shall not be unrea.sotwhly withheld, or unleas
<br /> ' <' "`'X" extenunting circutnstances exist which are beyond Borrower's control. Borrower shall not destroy. damage or Imp�ir the
<br /> ���;�� Propeny, allow the Pro n to deteriorate,or commit waste on the
<br /> ,��,t, .,�Y. pe y Property. Bomawer shaU be in default if any forfeiturc
<br /> action or proceeding,whdher civil or criminal. is begun that in Lender's gaad faith judgment could rault in forfeiture of the
<br /> _ Y'�' , Property or othenvise materially impni�the lien crcated by this Security Instnunent or Lender's securiry intercst.Borrower may
<br /> �+,w`•' ,��;;i:;;..�,��" cun such a default and rein+tate,as providcd in paragraph 18,by causing the action or procceding to be dismissed with a ruling
<br /> that, In l.ender's gaod f�ith determination. precludes farfeiturc of the Bocrower's interat in the Property or other nwteri�l
<br /> - . �••�.,+.�:,,: impairn�enc of ine tien crcaaai by thia Serurity instrument or Lender's security intenst. Sorrower shalt �so be in ctefauit if °
<br /> '^r Borrower.during the loanapplication pracess,gave materially false or inaccurate infom�ation.x statements to I.ende►(or failal
<br /> • � ' ,� to provide Lender with any rnaterial inforn�ation)in connection with the loan evidenced by the Note.including.but not limitai
<br /> ta,representations concerning&inower's occupancy of the Property as a principal residence.If this Security Inswment is on A
<br /> , leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee tide to tt�c Propetty, the
<br /> . leasehold and the fee title shall nut mersc unless Lender agrecs to the merger in writing.
<br /> • � 7.Protection ot I.ender's Rights in the PropeMy.If Borcower fails to perform the covenants and agreements contained in
<br /> � ,. this Security Instrument, nr there is u legal proceeding that may significuntly affect L.ender's dshts in the Property(such as a
<br /> '-:�;, ,,,...,. ' praceeding in bankruptcy,probate,for condemnution or forfeiture or to enforce Iaws or regulationsy,then I.ender may do and
<br /> � • ' • pay for whatever is necessury to protect thc value of the Property and I.ender's rights in the Property. I,ender's actions may
<br /> � � include paying any sums secured by u lien which has priority over this Security InstNment, appearing in court. paying
<br /> reasonuble attorneys'fees and entering on thc Propeny to m:dce repairs. Although Lendcr m►y take action under this paragraph
<br />� 7. Lender does nnt have to do so.
<br /> ,��'� . Any amounts dirbur.u:d by Lender under this paragraph 7 shall becon�e additionul debt of Rorrower secured by this
<br /> ' , Security Instrument. Unlcss Borrowcr and Lendcr agree to other tcrn�s of payment. theye amounts shall beu interest from the
<br /> date of disbursement at the Note rute and shall be payablc, with interest, upon natice from Lender to Borrower requescing
<br /> ' payment.
<br />-__ :�• ' 8.Mortgage Inwrnnce.If Lender required mortgage insurancr as a cu�xiition oT making the lo•ro xcured by thiti Security
<br />. �;;.• . . ' Instrument. Borrowcr shall pry the premiums required to muintain the m��rtgage insurame in effect. if, for any �eason, the
<br /> , mortgage insurancc covengc rcquired by Lender lapsex or ce•rxs to hc in ef'fe�t.Borrowcr shull puy thc premiums required to
<br />��'°" '�'°� obtain coverage tiubstantially cyuivalcnt ai the mortgage inrurance previousl��in effect,ut a cost substantially equiv�lent to tlie
<br /> �',° „, . cost to Borrower of the mortgugc in,urunre previously in effc�:t, from un altcrn�tc n�rtgaRe ir.wrcr approved by I.cnder. If
<br /> substanti:illy equivulent mor[gage inrurancc coveragc is�x�t availuble, Borcower xhall pay to Lender e•rrh month a sum equal to
<br /> �' one•tweifth of the ywdy mc�ngage insuranre premium hcing paiJ by&�rrower when the incurancc roverage tapsed or cea�eci to
<br /> ;�i , be in effect. Lender will �ccept,u�e und retain thcse payment�as a loss mrerve in lieu of mortgage insurance. Loss reserve
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