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<br /> __ S. 1i�wM or Propeet� Ipwranoe. Bormwer �lull kap the impmvements now exi�ting or here�Rer erocted an tho
<br /> _ - — Property insurod aQti�trt loaby fira. hu+�rds includod within the term "exte�xial coveraQe' wid rny other hazerd�. includin� —
<br /> floods ur tloodin�.for which Leixler reyuirc. insurance.Thia insurance shull t►c maintuin�d in the anuwntr• mxl fiK the perinds
<br /> �- that L.ender rcquires. The inwrs►nce carrier pmviding the insurarke shull be chosen by &rrruwer�ubj�rt tu Le�ukr',appruval
<br /> , which sh�ll not bc unreason�bly withheW. If&+rrowcr fuils to n�aintain coverugr Jc.rrib�,�l alx►ve, l.enikr nwy,at Lxnder's
<br /> optian,nbtain rnveragr to pmtext Lender's rights in the Pr��perty in accordunce with puragraph 7.
<br /> ��""°����'� -'� AU insurancc policfcs�nd rencwnls shall bc:uccptsblc to l.cndcr und shall inciudc a xtand;►nf mortgabc cl�usr. Lcncfer --.
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<br /> `�a; shall have the right tn hold tlx policies and rcnewnls. If l.eider requires, Borrowcr shull promptly give to l.endcr�II receipts of --
<br /> �'� d remiums and rcnewal notices. In thc event of lass,�rrower sh�ll �ve rom t natice to the insur�nce cutrier ord Lende�.
<br /> ,.��v. P� P S P P —
<br /> �='�"Q ' Lender may malce proof af Icns if not made promptly by HoROwer.
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<br /> ••.. ;� �#4 Unl�ti L.ender and Borrower otherwise�grce in writing.insursuke proce�r stwll bc;►pplied to restaratian or rcp�ir uf the !-
<br /> _ �i�., ,t Propeny danLagec�,if the restoration or repair is econonucally fwsible and Lender's socurity is nat lessened. If the restoratlan ur @,�,
<br /> repair is not economically feuible ar Lendec's�ecurity would be lessened,the insurance praceeds shull be applied to the sums -�-
<br /> ���'�;'=�-'��`' secu►cd by this Security Instrument. whether or nat then duc, with any ezcess paid to Bortower. (f Borrower abandons the --
<br /> _ W u��'=�.+i -•1• '• P�optrly,or does na answcr within 30 days u notice from I.ender that the insurance carrior has offored to settle a d�im. then
<br />' [.ender m�,y cnllect the in�ur�nce prexeeds. L.ender rtwy usa the prceeeds to rep:►ir or rcstore the Property or to pay sums _
<br /> "° ` ' ' ' ' securod by this SOCUrity Instrument,whether or not then due.The?0-day periad wiq begin when thc noticc ls given.
<br /> - - ' '. Unless L.ender ard Bortower otherwise ngree in writing. any appt�cation ot proce�ds to principal �1wii iwt exte�rl ur �--
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<br />- �s�� •._• �:t"�,'!'� postpone the due datc of tbe monthly pnyments referred to in paragraphs 1 and 2 or chan�c tho amount of the payments. If ��
<br /> �" ' � under ra h 21 the Pro rt• �s ac uirod b l.ender,Borcower's ri ht ta un insurance licies and roceods resultin from
<br /> `: . � P�8 P P� 1� 9 Y $ Y P� P 8 �;,
<br /> darn�ge to the Property priorto the acqulsition shafl poss ta I.ender to the extent af the sums secured by this Security Instcument
<br /> t ''�'° '�'''�`� immediately prior to the xquisition. -
<br /> ! _ '" . :fi 6.Occupwrcv,PrerervAtion,Maintenw�ce And Protectlon af the Property;Borrower's Loan Applicadon;Le�seholdc. _
<br /> , Borrower shall occupy,establish,and use the Property as Borrower's principal residences wlthin sixry days after the execution of _
<br /> � - " this Security Inurument und shbll continue to cxcupy the Property as Borrower's principal residence for at least one yeu after --
<br /> ,. � ; 1'� the dAte of accupancy, unless Lender atherwise agrees in writing, which consent shall not be unreasonably withfield, or unle�s
<br /> - ;�� extenuating circumstunces exist which are beyond Boaower's control. Borrowsr shall not destroy, damage or impair the
<br /> . � Property,allow the Property to deteriorate, or commit wastc an the Property. Borrower shall be in default if any forfeiture
<br /> � , • action or proceeding, whethcr civil or crimitial,is begun that in I.cnder's good faith judgment could result in forfciture of the
<br /> � Property or otherwise muterially impair the lien creuted by this Security Instrun�ent or I.ender's security interest. Borrower may —
<br /> -• -----'` cure auci�u defauii duI rciti�i�ir.r�pwviJcwi i►�}wiaKrapli 18.by�uu�iug ii�r sctiuu ur piix�cr.�liug iu iir di�uu»exi wiii�a ruii�ig
<br /> that, in Lender's good faith detemiination, precludes farfeiture of thc Iiorrower'x interest in the Propeny or other material
<br /> impairment of the lien creatcd by this Security Instrument or I.ender's �urity interest. [iorrowcr sholl alw be in default if
<br /> , Borrower,during the loan application process,gave muterially fulscs or inaccurAte informntion or statements to I.ender(or faileA
<br /> . to provide Lender with any material informatian)in connee:tion with the luan evidenced by the Ncxe,including,bu[not limited =
<br /> , to,representations concerning Borrower's occupancy of the Property as a principal msidenco. If this Security Inttrument is on a �
<br />� � leasehold, Borrower shall comply with all the provisions of the lease. lf Bonower acquiros fee title to the Property, the
<br /> ' leasehold and the fec tidc shnll not merge unless Lendcr abrces tu thc mergcr in writing. -
<br /> .� • ' 7.Protection of I.ender's Rights in the I'roperty.If Bonuwer fuilx to perform the covecuu►cs orxi •rgra:ments contained in '°`-
<br /> this Security In�trument,or there is a le�al procoeding thut nu�y significuntly affect Lender'+rightx in the Property (such a�a --
<br /> ' � �```� pracoeding in bankruptcy, probate, for condcmnation ar fa�rfeiturr or t��enfiircr 1•rwti or regulations), then Lender m:iy do and
<br /> � pay for whatever is necessary to protert the vulue of the Pmpcny and Lender'+�ights in the Propeny. Lender's actions may "'__
<br /> �� includc paying any sums securcd by a licn which hus priority ovcr this Sccurity Intitn�mcnt, appcaring in court, puying =-_-
<br /> ;�,� reawnable attorncys'Fecs and entcring on the Property to n�rkc repsirs.Although Le�xlcr m;ry r,ilcc•rctian under this paragruph E-=���
<br /> �,' 7.L.ender dces not have to do su. —
<br /> ' Any ;�mounts disbu�sc�l by Lcnder undcr this para�rraph 7 .hull tx�canx additic�nul dcbt uf &�rrc�wcr ,ci:un.�d by this �:
<br /> �` � Security Instntment.Unlesti Borrower and l.ender agree t��othec Iernis of payment, theK amounh tih•rll bear intercst fmm the
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<br /> � , datc of disbursement at the Note ratc and sha11 tx: payabic, with intcrcst,upon notice from Lender to Borrower re.qucsting _
<br /> ;� payment. -_
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<br /> � ._...__ ` ti.MortgAge Insurance.If Lender required mortg•rge insur�nce ati a condition of making thc laan secumd by this Securiry ;�,___
<br /> ! - Instrument, Borrower shall pay the premiums required ui maintain thc mortgage insurance in rffect. If, for any reason. the � "
<br /> mortgagc insurance covcrage required by Lendcr lupse.or cc•rses a�bc in cffect. &ircowrr,halt p•ry thc premiums��•yuired to �
<br /> �.�;.- . ��' abtain coverrgc substuntially equivalent ta the mortgugc insurance previously in et'teet. ut a rnst sub,tuntially equivalent to thc �;'�
<br /> � . �;.r:�* K cost to Borrower of the mong�ge insurance previously in effert, frotn un altemate muttgagc intiurer approved by L.ender. If t=��-
<br /> :�•• substantiall e uivalent►m�rt z e insurance mverr � iti nc►t uvailable, Borc�ia•cr�hall s tu lsndcr each month a sum e ual to �+'"�
<br /> Y 9 B� 8' p'Y 4 ���,.-=
<br /> ,��`�'� `--�`��'"'- one-twclRh of the ycarly mongagc insurance premium bcing prid by &�rniw�cr when thc in+ur•rnrc awcrage lapsed or ceased to � � �=�
<br /> `�' �.��' .�• • be in eftect. Lender will accept, use and retain these payments u. a los� rcserve in lieu of mortgage insurance. Losti rrserve , -,-
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