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<br /> ' S. H�zud or Property In�uraace. �iorrowec�lu�� keep the improvement�rwM a�l�tinR or heraftar erected on
<br /> the propectY insurod apiast low by tire.h�urde Inaluded within the term"e�ctended ooven�e"and�ny other t►�urda,
<br /> includin�ttnods or tloodtn�,tor which Lender roq►�Iros Insuanc�e•Thls lnsunnce�hall be m�inbinad in the�mounts
<br /> and to�the periods that l.ander requit+a. Tt►e tn�ur+nce o+*rtec Providin the tnsunnoe shaU be cho�en by HorroMer
<br /> aubject to I.ender's spptoval whjch stnll not be unra�onably Nithheld,It�rroxer tail�to maintain caveraQe dacdbad
<br /> sbove. I.ender may.at L�end��'r option,obuin cove�a w protect Lendoe'�ri�itta tn tho Property ln�000rdanoe Mtth
<br /> . � p�rqraph 7.
<br /> - All insurance poltciae and reneMale�hsU W�cceptabk to J.e�der and shail tnclude s etand�rd mort�a�e clawe.
<br /> ,;� L,er�der�hall have the dRht to hold the polic�a�and ceneMale. It Lendec requira� �iOrrov►'er stw11 pramptly�tve to
<br /> .._ Lendcr ell rxeipte of�id Sx�emiumn�nd t�eaewd rtetioa.Yn the evont of law,Hurrower ahall�ive prompt notice to the
<br /> insut+�nce csrrlec and Lender.Londer msy m�ke proof of laes ii not m�de promptly by Borrower. "
<br /> --_°_.�..-�„� Unleee I.ender�nd Borrower otherwiee��roo in wr�tinQ,insur�noe proceeda si►��i be aPPlied to restoration or reptir
<br /> - ~�--'~'' o[the Property dsma�ed,ii the roetontton or repur ia economioally iastble and Lender's security ie not taeeoned.It the
<br /> ----�.?-��=s'`6" _ 'S.r.
<br /> ,�;,�,�,�,•�..�-;y� restoration or rapdr ia not eoonomically feaetble or Lender'a exudty aould 6e leseened,the insunnce proceods ehsll be
<br /> �u,,K���s.�,�.� applied to tho sums exuted by thia Secucity Instrument�whether ot nut then due,with any excess piid to Bormwer.If
<br /> ���-�••������r- Borrower abndona the Property,or does not ansaer within 30 days a notice from Lender thst the insurance carrter has
<br />-'�.���`? `�`°�`' ofterod to settle� claim,then Lender may collect the insunnco procxds. Len3er m�y use the proceads to repair or
<br /> ?T���-R��,srn X:�r restore the Property or to psy aume sxured by this Seourity Instrument.whether or not then due.The 3o-day period will
<br /> ,, ,< < �.�, bepjn when the notice is given.
<br /> - � ''��'��'�r'�'�^�"•'� Unless Lender and Borrower otherwise tgroe in aritin�,any application of proceeds to principil ehall not exund or
<br /> ..:�.,:_
<br /> - - �"�ti�``''`�� post ne the due dste of the monthly payments refetted to m pan�nphs 1 and 2 or chsnAe the amount ot the ptyments.
<br /> wv;�... ,. . .. }. r.r. P�
<br /> � �.;.�;;. ..:; ��.•�::.�, Ii under partgraph 21 the Property is acquired by Lender, Banowor's right to any insurance policies and proceeds
<br /> ;�F�,;,,��...� y�.•�` resultin�irom damage ta the Property prior to the acquiaition ah�ll pass to Lender to tha extent ot the sums secund by
<br /> ' this Securlty Inatrument immediato2y pttot to the acqu�sltion. --
<br /> � 6.Ocoupsacy,Preservation,Mainten�nce and Protcction ot tho Property; Borrower'a Lo�a Applicstioa;
<br /> Le�cehold�.Borcower ahall occu�y,eatabliah,and use the Property�s Borrower s principal reaidonce aithin eixty days
<br /> a{ur the exxution of this Secunty Instrument and shall continue to occupy the Proparty as Borrower's principal
<br /> ; � � residence for at least one year dur the date of occupency.unless Lender otherwise a�rees in writing,which consent shall
<br /> . not be unre�sonably withheld,or unless extenuatine circumstances exist which are beyond Borrower's control.Borrower
<br /> sh�ll not deatroy,damage or impttr the Pr�perty,allow the Propecty to deurtorato,or commit w�ste on the Ptoperty.
<br /> Borrower stull be in dettult i[any torteiture�ction or pcocoedin�, whether civll or criminal,ie be�un that in l.ender's
<br /> good f�ith jud�mant could reault tn Iotfettuce of the Property or otherwise materially impalr the lien crated by this __
<br /> Socurity Instrument or I.ender's socurity interant. Hnrrower may curo such a def�ult and reinstate,u provided in
<br /> � par��r�ph 18, by csuaing the action or procoedin� to be dismieaed with a rulinQ that, In l.endrr's �ood t�ith
<br /> determinatinn.precludee focteiture of the Borrower'e inureet in the Property or other material impaitment of the lien
<br /> - -- -- - -� creztc;d hy this Sccurity Isisirum=ai or L!�n�er'R�ncu�ity inureat.Borrower ahaq also be in default it&�rrower,durin�
<br /> the lc�an applicytion process, �avo maurially f�lse ar inaccurate inf�rmation or statementa to I.e�nder (or toited to
<br /> prnvide I.ender with any materisl information)in connxtian with the loan evi�ienced by the Note,including,but not
<br /> limited to.ropresentetions concernin� Borrower's occupancy ot the Property es a principal residance. If this Seeur�ty �_.
<br /> Instrument ia on a leasehold,Borcower shall comply with all the provisions of the lease.Ii Aorrower acquires fa title to -
<br /> ' thn Property,the leasohold and thc fec title shall not merge unless Lender agrces to the merger in writin�.
<br /> ` 7.Arotectiou of Lender s Ri�hts in the Property. If Borrower fails to pertorm the covenants und agreements
<br /> � contained in thia Secutity Instrument.or there is a legal proceeding that may si�nificantly affect I.ender's rights in the
<br /> t� Propc:rty (such as a proceeding in bankruptcy, probate, for condamnation or forfeiture or to enforce laws or
<br /> regulations),then I.ender may do and pay for whatever is nesessary to protect the value of the Property and Londer's _
<br /> �� rights in the Property. Lender's actions may include paying any sums secured by a lien which has pnority over this � =•
<br /> • Security Instrument,appearing in court,paying reasonable attorneys'fees and entermg on the Property to make repairs. —
<br /> Although I.ender may take action under this paragrap h 7,Len der does not have to do s o.
<br /> � Any amounts disbursed by I.ender under this paragra�h 7 shall become additional debt of Borrower secured by this
<br /> Security Instrument.Unless I3orrower and l.ender agree to other terms of payment.these amounts shall bear interest
<br /> from the date of disbursement at the Note rate and shall be payable,with inter�t,upon notice from i.ender to Borrower �:,:,
<br /> requesting payment. �
<br /> 8. MortgaYe Insur�nce. If I.ender required mortgage insurance as a condition�f making the loan secured by this ;
<br /> Seciirity Instrument,I3orrower shall pay the premiums req�ired to maintain the mortp,age insurance in effect.If,for any '
<br /> •• rea�n, the mortgage insurance coverage reyuired by Lxnder lapses or cea5es to be in effect, Aorrower shall pay the !
<br /> � premiums required to obtain coverage substentially eqnivalent to the mortgage insuranre pre��iously in effec:t,at a cost
<br /> I substantially equivalent to the cost to Horrower of the mortgage insurance previously in effect, from an alternate ,
<br /> , mortgage insurer approved by Ixnder. If substantially equi�•alent murtgage insurance co�•crage is not a��ailable, ;
<br /> Borrower shall pay to I.ender each month a sum equal to one-cwelfth of the yearly mortgage insurance premium being
<br /> paid by Borroaer when the insurance coverage Iap.sed c�r ceased to br in effect.I.ender will accept,use and retain these
<br /> ', payments as a loss r�erve in lieu of mortgage insurance. I.oss reserve pay�ment4 may no l�nger be required, `
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