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<br /> � s:tB�i�ec l�dri, Lwr,.oe:Bom�rar��h.0 ,uoe� We ;mpo,►�,rb*►�e�or 6a�r aearaa ae�e � . ,.
<br /> Pnipaty Laure&�laas by fine,psr�nis iactuded�itbin th�te�m'exteoded oovaage' aad amy ot�er�.inoiudio� •
<br />� . ' lloods ar tiaadiu�,foF wfiicL i.eader�quines imur�ooe.TRis insuranoc sb�ti be maidt�ined in tLe amauMs�d for the perio�s
<br /> <t�t 1.ead4r.ra�uices:'lbe.in�ura!�cac�ier Ixavidia8 tl�e iawranee shait 6e ctwsen 6y Boirower subject to Lender's approval
<br /> Mhid�slnll not 6e unreawa�bty withhetd. If Bo[rower fails tb vnaintain coveraga described�aliove, Lender msy, at I.endq's,
<br /> • •option,obtain cover�e to proteR Leider's rights in the Property:in a000rda�with puagrapti 7. �
<br /> • All iasuianoa policies aod crnewals sbaU be aooeptable w Lerider aAd s1�ll inlude a standacd mbrtgage clwse:.t.ender
<br /> ' sbt�ll 6tve tl�e right W hoW thc potieies and�ais.if Lender reqtunes.Bonvwet smll pmmptiy give to Lendet aN t+eoeipts of
<br /> P�P�u�aad ia�ewal tntias.In ibe eve�of loss.Borrower shatl give prompt dotice ta ibe insurance i�rrier aid�,eoder.
<br /> reQaer mty m�1oe p�ootoE ioss if uoc maae rmm�xlr by Ba�mwer: � . ` . . � - - -- - -- _ _
<br /> : Q�itess i�eockr ud gormyver othe�wise agnee ue wrlting,iasu�xe pioeeeds st�all fie applied to restoration or rep�ir of tt�t y
<br /> Prapaty d�an�ed.if the nscaration a r�pair is eoonomicatty feas�k and i.euder's security is not lesseood.If the�storation or
<br /> tepair is noE eoonomically feas�'ble or 1.tnder's sa.�urity would be lesseood,tUe inwr�ax pra�ads shatl be applied w the sa»u
<br /> . sewnd by tbis Savrity.Imt�umeat.wixtber or rot t�rn due,with aay eaccess paid w Bormwer. tf Borr+ower abandons the
<br /> Property.or do�e not�wer witbin 30 drys a aotia from I.ender that tha ins�ranoe carrier I�s offead[o settte st claim,thw
<br /> Lerjder may rdlact the inmranoe proceods. Lender may use th�p�oceeds to repair or �estorc t6e Praperty or to pay s�ms
<br /> .sectiited by this Secutity Insuument�whether or uot thea due.Tbe 30-0ay period vrill begen when the notia is given. ' —
<br />, iJnlesc I.ender and Borrower otberaise agrx ia writia8, �Y aPPlication of proceeds to principal �hall not extend or
<br />• postpone the due date of the m5►ntlily payments referied to in paiagrapI�s i and 2 or chauge the amonp,R`ii�the payments. If
<br />� under ps�agraph 21 the Pio�t�r is acqu�c+ed by I.eader,Bormwer's right w any insuranoe policie�and pzflce�ds rGwlting from
<br /> d�$e w tbe Propaty pr'r�r�"�e�usfeon shall pass to Lender to the extent of tHe sums securer�t�}�#�is3ecadty Instniment =._
<br /> inu�ediately prior to the acquisitiou"�,.. . : ' ::. .` . : ; '
<br /> ;,
<br /> 6.Ocwp�n�y,Pnservatioa,,Msi�msnoe�Pirotertioi�R��Y:Bo�ruwa's Luaa Appi�lia�n;Leasebotds. —
<br /> � Bormwer s6a11 oaupy,establish,and use the Pcnp�Cty as 8oriu�er's principal residenoe wittan sixty days`attt�ti�exeeution of =_
<br /> this Socurity Insetument aad siiaU oondnue to ocarpy#he Prope�tg as Borruwer's principat i+tsidence for at least.one�rear atter —
<br />` the dete of ovoa,paney.uNess Lender other9vise ag�ces in writing.�i�ich coasent shall not be unreasanably�o3tietd.ar anless s_'�
<br /> E � exteiwatiag;pS,�msta� exist which are'6eyond Rorrower's �,+r-:srol. Borrower shall not destroy, damage or,iat�iair:,.ttie, �'.`�
<br />� • Property,aliow�the Pmpe'tty to deteriorate, or commit waste on the Property. Borrower shaQ be in def�alt if any forfeitv`re -
<br />. action or proceeding,QiI�ea�er civil ot criminal.is 6egnn that in Lender's goad faith judgment oould result'in�orfeiture of the
<br /> Propetty.or otherWr�se�ar�ally impair the lien�crrdted 6y this Securiry�or Lender's�rity int�t�st.Borrower may
<br />. cure sach a defaWt and reuutate.as prov4ded in paragrnph I8.by causing the a.�ion or procectling to be dismisged with a mling
<br /> ' that, in Lender's.good�aith detem�ination, Preclades forFeiture of the Baau�aer"s imerest frn�e Pmperty or oWer mateciaf '�.�
<br /> i�sirmeat of the fien created by ttus Security Incwmem or Lender's sear�c��terest. Bo�wer shall also�be iA default if ,�,•�
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<br /> � ' Borrower;during the loan application process,gave mat�rially false or inuccur.�te information or statesnents to�.endet(or failed �'
<br /> . . ,.w provide Lenciser with any�aterial infoimation)ia o��r�ion with thr ta�t ea�c1;nced by the Note.inctadiqg,but not limited
<br />� �m. representations concemin$BorroRer s vcwpancy of tt�e PropeIIty�as a prineipal residence. If this Securiiy.iiiti�ent is�on a ,
<br />� leasehold, Borrower shail comply w�a1t the provisions of the Isase. If Borrower acquires fiaee titte to tiie Property; .the
<br /> teasehold and the fce tide shall not me�ge nnless I.ender Agrees to the merger in writing. � • � �
<br /> 7.ProtecNon o!I.end�r's Rights in the Propecty.If Borrower fails to perform the covenants and agreeazex►ts caniained'in ��
<br /> this Savrlty lnstrumeni,or there is a legal proceeding that may significantly affect Lender's rights in the Pcaperty(sutb as a �'"•
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<br /> proeading in bankmptcy.probate. for condemnation or forfeiture or to enforce laws or regulations).then Lender may do ard ( .
<br /> pay for whatever is necessary to protect the value of the Property and I.ender's rights in the Property. Lender's actions may ..
<br /> , incltxk paying any sums sec�red by a lien which has priority over this Security Instrument, appear�ng in court. paying
<br /> ressonable attomeys'fees and entering on the Property to make repairs. Aithaugh L.ender may take action under this paragraph
<br /> 7,Lender does not have ta do so.
<br />� . � Any amounu disbursed by I.cnder under this paragraph 7 shap become additiohal debt of Barrower secured by this ��
<br /> iSocnrity Insmniment. Unless Bonower And Lender agree to othet tem�s of payment, these amounts shall bear i�eterest fronn the � �,
<br /> . date of disMarsement at the Note rate aead shall be payable, with interest. upon notice from Lender ta Borrower requestit4s, ;�
<br /> payme�t. . ' ' ;}:,_,:;.
<br />, 8.Mortgnge Insurance.If tender reqmired moct�age insurance as a condiaion of malcing the loan sev�ured by this 5ecurity ' -
<br /> Iasttument, Botrow�r shall pay tl�e pre�fnums requiat�to maintain the mortgage i�:surance in effect. Jf. for any reason, the X .
<br />_ � mortgage insuiance coverage required by Lender Taps�s or ceaces to be in effect.Borrower shal]�pay the premiums required to ���-
<br /> obtain coverage substantially equivalen2 cm�te mortgage insurar�ce previously in effecb at a oost substantially equivalent to the �. �
<br /> ' cost to Borrower of the mortgage insuran¢e previously in effect. from an altemate mortgage insurer approved by L.cnder. 1f �
<br /> . substantiatly equivalqrn martgage insurance coverage is not avaitable.Borrower sha9�'pay to Lender each enonl�h a sum equal to >'"�
<br /> one twtlfth of the yearty mortgage insurance premium being paid by Borrower whert the insurance coveraae t�sed or ceased to `'
<br /> 6e in effact.Lxt�ter wilbaccept,use and retain these payments as a foss reserve in lieu of morsgage insurance. Loss reserve �
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