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<br /> --- s. Ha�u+d ur property L�cunu�ce. Barrower �hall kcep �he impmvement� no�sittin����ted on the
<br /> Property i�curod�ainat locs by fire. Iwzards includod within the tcrni "cxtendod covemge' and Any aher lwrstd�.includin�
<br /> floada a�flondin�. for which l.cnder requircc insuroncx.This insurancc slwil t+e mAlatained in thc amount�and tor the periods
<br /> that I.ender roqui�+cs.Thc inwrenre curier pmviding the incurancc ahall bc rhnsen by N��rrowcr�ubject to Lendcr's approval
<br /> whfcl� �hall not he un�nably withheld. If Bc�rruwer fails ta nwintuin c�►veruge desc�ibal above, Lender moy, W I.etxkr'r
<br /> optian,obtain coven�e to pmtoct L.ender'r r1�hIR in tt�e Properiy in acrurdunce wilh puragr+�ph 7.
<br /> -- All insuran�e policfes and renewals sfwll be accepwble ta L.ender aixl slwill include u stwrxlard muhgoge clause. L.ender
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<br /> siwll havc the�ight to hold the palicies wxi renewata. If l.ender rcquircic. &►rn�wrr siwll prumptly gi�c w i.ender al! mce pts o
<br /> — --- paid prcmiums and rcnewa!notices.ln the event uf loss,8c►rrower�Iwll�fve pmmpt m►tice lo the inwnu�ce carrier and Lender.
<br /> _ — L,ender may make proaf of loss if�wt made prnmptly by Borrawer.
<br /> Unless Le�der w�d Bornowcr athenvise agrce in wdting. insurance pmceeds shull be appliod to restoration or repair of thc
<br /> propo�ty dwnwged.if Ihe�staratbn or repair is oconamically Peasible and Lender's secu�ity ia not lessenod.lf�he testor�tion or
<br /> -- -- rcpAir is not econumically feasible or Lender'a security would be lessenod,the insuronce proceeds sh�ll be applied ta Ihe sums
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<br /> ��_ socured by this Socudty Instniment. whether or not then due, with any ex��s paid ta Borrowcr. If Borrower ubn�dons e
<br /> Property.or does not answer within 30 Jays u notice from l.ender thAt[he insurance cnrrier hns affered to settle a cl�im. then
<br /> _ ��. Lender may oollect tho insurance proceeds. Lender may use the procoeds to repair or reatore the Property or to pwy sums
<br /> -____-- sa�ured by this Socurity instn�ment.whether or not then due.Tho 30-day period will begin when the noticc is given.
<br /> `-�� ; Unless I.ender and Borrower otherwise ag�+ee in w�iting, any applicntion of pracoeds to p�incipul stwll not eatend ar
<br /> —.—�_.__�_—. ����due date of the monthlY paYmenis rcferrcd to in paragraphs I wd 2 or change the sunount of the payments. If
<br /> � uader paragrapt�21 tha Property is acquired by I.ender,Bnrrower's right to any insurance policies nnd proceods resulting irom
<br /> �"°1�'. ' , ' damage to tl►e Property prior to the aequisitbn shall pasc to Lender to the extent of the sums secured by�his Securiry Instrument _.
<br /> immediately prior to Ihe xquisition.
<br /> � .�.' 6.pocupancy,p�+eservadop� Malntenance and Protecllon ot the Property;Borrower's L.oan Applkation;Leacehold�.
<br /> t� ` Bortnwer sha11 occupy. establish,and use the Property as Bornower's principal residence wjthie�sixty days after the execution of
<br /> �;�,;;:•��-,�„-;�a.-:.., Ihis Security Instrument and shall rnntinue to accupy the Property as Barrower's principel r�idance for at least one year after
<br /> '` � the dsUe of accu
<br /> �wncy, unless l.ender otherwise agrces in writing, which consent ahall not be unreasonably withheld.or unless
<br /> extenuati�g cin�unslences eaist w!n.h are beyond Borcower's control. Borrower shall not destroy. demage or impair the
<br /> '� �,�� � Property, allow the Property ta detedorate, or rnmmit waste on the Property. Borrower shall be in dcieult if ony fort'eiwre
<br /> ,. ,.,•,, action or proceoding,whether civil or c�iminal, is begun that ln l.ender's goocl faith judgment could result in forFeiture of the
<br /> 't`�=X�;i '`' Property or otherwise materielly impair the lien created by this Security Instrument or I.ender's secu�iry interest. Borrower may
<br /> - cure such a defwl�and reinstote,as provided in p:uagruph 18. hy causing the ac►ion or procealing to be dicmi�.ced with a ruling
<br /> �t !�'"'�;,1��. that. in Lender's good faith determi�wtion, precludes forFeiture of the Borrower's intercst in the i'roperty or oiher maicrfaf
<br /> x:�� t�., �� impairment of the lien crcated by this Security Iastn�ment or Lender's securfry interest. Borrower shall wlso be in default if
<br /> � a�:'{��-�!-�z:► Ho�rower,during the loan applicatio�pracess,gave materially fal�e or ineccurate inforniatiun ur sw�ements to I.cnder(or failed
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<br /> � � ,:.. , to provide Lender with any material information)in connection with the loan evidenced by the Note.including, but nd limite�
<br /> :;•;,, `��`� •.:• ' to.reprosentations conceming Borrower's occupancy af the Property as a principal residenre. If this Security Ins�rument is on a
<br /> ��:_.,"�•��%E•�'' leasehold. Bcrrawer shall comply wi�h all the provisions of the leu.�e. If Borrower acquires fee lide to the Property, the
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<br /> ;�,';F;;ti;.i;,� �•�� leasehold and the fee title shall ttot merge unless Lender ugrees to thc merger in writing.
<br /> ` `'-j��;�•�;tr� � 7.Prnteclion of Lender's Rights in the Property.If Barrower fuils to perf'orm the rnvcnarns and agreemcnts�un�aine�in
<br /> ''` '� '� si nificand affect l.ender's ri hts in the Propeny (such as a
<br /> =. s`��`ai�;�ti� this Security Instniment,or therc is a legal proceeding that may g y �
<br /> � �',,,,:� � '++i- proceeding in bankruptcy,pmbate, for condemnation or forfeiwre or to enforce laws or regulations), then L.ender moy do and
<br /> '`=-�� �. � ��. ,1'� pay for whatever is necessary to protect the value of the Propeny und I.ender's rights in the Praperty. Lender's actions may
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<br /> ,�'�,�,,�.��-.�� •�;, include in an sums secured b A lien which hus riorit over this Securit Instrument, u rin in coutt, a ln
<br />- >'r""�p re�sonable attomeys'fees and entering on the Property to make repairs. Although Lender muy take actinn under thia paragmph
<br /> �!'"�^�. 7.Lender does not I�ave to do so.
<br /> " ,��Y' � Any amounts disbursed by Lender under this paragraph 7 �hall become additionul debt of Bunower secured by this
<br /> ,�� � Sa�urity Insttument.Unless Borrower and Lxnder agree to other termc of payment, the�umounts �hall bcar interest Prom the
<br /> ��;;.•_;�r.,, date of disbursement pt the Nde rate and shall be puyable, with interest. upon natice from l.ender to 8orrower requesting
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<br /> ��: �:.:;����. 8.Mortgage Ltsuranee.lf L.ender required mortgage insurnnce a+u rnnditinn of ma{cing the lann secured by this Security
<br /> �' IrWlument, Borrower shall pay the premiums required to muinwin the mortgage insurance in effect. If, for any reuson, the
<br /> C.:.i � mortgage insurance coveroge required by Lender lupses or censes to bc in effect. &�rruwer shull pay thc premiums rcquircd to
<br /> � `�i'.i. obtain oover+�ge substantiolly equivalent to the modgage insurance previously in et�'ect,ut u cost subswntially equivalent to the
<br /> - '�� �� �. ' rnst to Bomower of the mortgage insurance previcwsly in etfect, from nn silterrwte mongage insurer appmved by l.ender. If
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<br /> ,..!, �.. t'•''•�•,. substAntially equivalent mortgoge insurence cuverage is not uvailable,Borrower�hall pay to l.ender each monlh a sum equal to
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<br /> :_�_ - —;��.J�;, one-twelRh of the yearly mongage insurunce premium being pnid by Borrower when thc insurunce�roveruge lapxd or ceused to
<br /> be io effecl.L�ender will awept.use and retain�he�c paymems as a bss reserve in lieu ot' mortguge insurance. Loss reserve �
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