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<br /> �. Hwrd or Property Iwneot. Barowu �iWl kee�►the improvemenq now exiuin� or hercaRa'orectetl on the
<br /> PropertY Laured a�+irot lou by fire, hezuds included within the tum"eatendaf oover�e" �nd any cNher hw�� includia�
<br /> �i.x;�i:r�tla�d�g.far wMt!►l.asd�r requit�i�ssrsme.Thls le�eere!��Iwli b n�ualned Lt tha amou�and for the pe�iad�
<br /> th�t I,ender roquira.Tlx inwru�ce carrier providinQ the in�wnnoe siu�ll be chaen by Barrower subject to i.ender's apprnv�l
<br /> which �ll not be unrea�or�bly wfthheld. if Borrower fails to m�inuin cover�e deacdbal�bove� Lenda'nwY• �t �.a���
<br /> option.oM�in covcr�ge to p�tea L,endcr'�rights in the Prc�perty in�ccbrd�nce with par�{raph 7.
<br /> Ail inwnu�oe policia w�d renew�ls �h+�11 be aoceM+ble ta I.ender�nd si�li ii�clude �ct�ridard mort�e clause. l.et�der
<br /> _ — - - shsll have the rirht to hold the policiea�nd renew'�1�.If I.e�xier requircx,Bomower�all promptly�ive to Lender dl raxipts of
<br /> -- paid pnmiums end miewal notice�s.in the eve�t of lo�r,Horrower shall�ive protnpt notioe w tbe iawrauoe carrier md l.et�der.
<br /> l,ender rtury tnalce proof of lou if not mode prompdy by borrower.
<br /> Unless Lender u►d Hormwer othcrwlcc nQroe in writing,iruurance pr0000ds atull be appliod to rcstoration or mpair of the
<br /> proparty dartwgod,if the m;Wration or rep�ir is aonomically feasible uid Lender's secudty is not leaened.If the resWrntion or
<br /> repair is�wt economically fcisible or L,ender's sxu�ity would be lesxnod,the insurance procoeds �luill be applied ta the aumc
<br /> secured by this Socu�ity Inatn�ment, whMher or not then due. with my excess paid to Horrower. if Borrower abandonc the
<br /> Property. or das not answer within 30 days a notice fmm Lender ttut the insuranoe carrier has offerod to settle s claim, then
<br /> Lender may colleet the insurance pra:eads. Lader may use the procoeda to repair or restoro the Propecty or w pay aums
<br />-- =�"''°��� securod by this Scxurity Instcument,whether or not then due.Thc 30-day pedod w311 bcgin when the notice is given.
<br /> Unless l.ender and Bocrower othcrwisc agra in writing, any �pplication of proccxds to pdncipal shnll not extend or
<br />__ postpone the due dxte of the rnnntbly payments nferrod to in puagc�phs 1 and 2 or chatige th� amount of the payments.If
<br />�- under p�ragraph 21 the Propecty is acqu[rod by Lender.Borrower'i right w any insurancc policies and procxeds resulting from
<br /> " dwnage to the Property prior to thc xquisitiun�hall pass to Iender to the extent of the rums sxurcd by this Savrity Iusttuaneat n
<br /> - immcdiately prior to the acquisjtion. -
<br /> .�r�I��i;� 6.OccuiuwcY,Preservation, Maintenance and Protecdun ot tbe Property:Bon�owa�'s Loan ApplicAtbn;Leoseholdr.
<br /> ..a•�•::,. • � a s after the execution of
<br /> ~.�� s rinci residence
<br /> with
<br /> in sixt d
<br /> , Borcower shall occupy,cstablish,and use the Property as Borrower p pal Y Y
<br /> �' this Security Instrument and sh�ll wntinue to occupy the Property a.s Borrower's pr�ncipal residena for at least one year after
<br /> •�i ' f;,:;' { the date of occupancy,unless Lender otherwise agroes in writing,which consent shall not be unreasonably withheld,or unless
<br /> � '�%;%' extenuadng circumstaz�ces exist which are beyond Borrower's cantrol. Borrow�r shall not destroy. da�rwge or impair the
<br /> � Property. allow the Property to detcrtorete, or commit waste on the Property. Borrower shall be in default if any forfeiture
<br />- action or proceeding, whether civil or criminal, is begun that in Lender's good faith judgrnent rnuld result in forfeitun of the
<br /> _-_ � _ Property or otherwise matcri�lly impair the lien created by this Securlty Instrument or Lender's security interest. Borrower may
<br />` '� �� "� ` cure such a default and reinst�te,as provided in paragcaph I8,by causing the action or proceeding to bc dismissod with a ruling
<br />`. .�:. �,,;,:'-• � - i�at. in Lead�r's good t'ait�sietermination. przrludes forfeit��r�of the Bomower s inte►+est in the Property or other materiAl
<br /> •�R,;� •r��''WL'.p;�F:
<br /> 'rr;' �i:�` "_-�- �'" impairment of the lien createci by this Securiry Instrument or Lender's security interest. Borrower shall also be in default lf
<br /> ���'�r'� '°� �anowar.durin�the loan applicatian process,gave materially false or inaccurate infarniacian or statements to Lender(or failed
<br /> '�::, ;....
<br /> �-�:�^����� ��� to provide T.ondar with any materiul information)in connection with the loan evidenced by the Note,including,but not limited
<br /> '`�'�`��•� '' ' " to,reprcsentations concerning Bonower's occupancy of the Propeny as a principal residenca If this Security Inswment is on a
<br /> k,;•i;.,,,,
<br />: �;._.,�� �.'� .� � feASdwid, Borrawer shall cornply with all the provisions of the lease. If Borrower acquires fee title to the Property. the
<br /> �1�r,,:�•"�::�•:�. :.:.�. (easehold and the fee title shall not mcrge unless I.ender agrees to the merger in writing.
<br /> _ ���•:�.1 ��..-� 7.Protection of I.ender's RightF in the Property.If Borrower fails to perfarm the covenants and agreements contvned in
<br /> r .:,: . -...,
<br />- ;�,��,.,,�,,.�,y,,,,�w this Security Instrument, or there is a Iegal procecding thut may signif►cuntly affect L.endcr's rights in the Properry (such as a
<br /> , • praceeding in bankruptcy,probate, for condemnation or forfeiture or to enforce laws or regulations), then l.ender may do and
<br /> ' ��' �-�:•;:�, � pay for whatever is necessary to protect the vuluc uf the Prop¢rty anci LendePs rights in the Property. Lender's actions may
<br /> �'n,,;;t�:•;� • • include payfng any sums securcd by a ticn which has prioriry over this Security Instrument, appearing in court. paying
<br /> . • � ' rcasonable attorneys'fees and entering on the Property to makc repairs. Although Lender may take action under this paragraph
<br /> �� '�� 7,I.ender does not have to do so.
<br /> . ��'��'���' Any amounts disbursed by Lender under this paragroph 7 shall lxrome additional debt of Bnrrower secured by this
<br /> �� . Securiry Instrument. Unless Borrower and Lender ugrec to other terms of payment, thesc amounts shall bcar interest from the
<br /> date of disbursemcnt at thc Note rate and shall be payablc, with interest, upon notice from Lender to Borrowcr requesting
<br /> .•�.,•:.. .. payment.
<br /> �;�;�. � I��'..;�: S.Mortgage Insurance. If Lxndcr reyuired mortgage insurrncc as a condition of making the loan secured by this Securiry
<br /> �`�•� '"`j"`.�"`` �� °�` -"'�t Instrument, Bono�ver shall pay the premiums required to m:►intain the mortgube insursnce in effect. If, for any rcason. the
<br /> ___ ` ' " 'r mortgage insurance coveruge required by Lendcr luptie�or ceases to bc in effect, Borrower shull pay the premiumc reyuired to
<br /> - ` , :� * N.��''''°��.� obtain coverage substantially esquivulent to the mortgage insurance previously in effect,at a cost subxtantially equivalent to the -
<br /> ,�t.-� . ,�,�fK�. •,
<br /> �+�� irt�+� � ��:�!'!,'�'�"`•, cost to Borrower of the murt�age insurunce previously in effect, from an ultemute mortgage insurer approved by Lender.If
<br /> . '�'f'% . .
<br /> -�+•� ••��'�; '•�"'' substantially equivalent mongage inwurance coveruge is not available,Born�wcr shall pay to Lendcr carh month a sum equal to
<br /> - � �.r�..�. . .:�:�:�.
<br /> �,���:�.y�..,�.,:,;,,�•' one-twelfth of the yearly mortgage insurance premium being paid bv Bc�rrower when the insurance coverage lapsed or ceascd to
<br />° ' �',: ti �;!"�!x tx in effect. i.ender w[I{ accept,use and retain these ps►yments ws a loss reserve in lieu of mor►gage insur�nce. Loss reserve
<br /> C.=.
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