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<br /> • S. Hasard or Propecty la�ur�ace.BorroNx e1u11 kaep the im�xovements nciw ex�stin�or hecaiter erected on
<br /> the Propxty insuced��aitut IoM by tire,hasards includad within ehe term"entended wvora�a"and rny otha ha�rd�,
<br /> Includir�tloods oc tlaodin�,ior'N1Jah l.a�da�roquir�w in�uanoe.Ttds insur+�nce rhall be mdntained in the�rmounte
<br /> a�d tor the periods th�t I�end�r ro4uira.l'he insuranoo c�trIer providfn�the inaurrnoe ahall be chosen by BorroMer
<br /> wbject to Londer'�approvd Mhlch rhall not be unrewambly Mitht►eld.li BorroNOr(ails to m�intatn cc�vera�e de�cribed
<br /> �bovo, Lender may.at Lender'�option.obt�in oovetaYe to proteat L�ender's ri�hte ln the PropertY in aocordmce wtth
<br /> - P�'+�Ph 7.
<br /> - All tn+wranco policiea and reneMale ehall bo�oceptable to Lender snd ah�ll include a atandard mort�Qe d�use.
<br /> l,ender �ha11 have the ri�ht tn lwld tiie policioa and ronewals. Ii I.enderroq uirea, A�►rroNer ehdl promptly give to �_
<br /> Iander dl receipta ot pId promiums�nd reneM�!not�ca.In the event ol lae,Borrower shall�ive prompt notioe to the
<br /> ^ ;nsurance c;arrier and Lencbr,Lender m�y m�ke proof o[loes ii not made promptly by BorroMer.
<br /> '- Unlesa Lender and Borrowa'athenvlee a�rea In Nrittn�,insuanoe pi�ocoeda sh�ll be applied to restontionor ropair
<br /> ���%'i of the Pcoperty damsQed,ii the rostoratlon or rep�ir�s eoonomtcally taeIbla and Lender's eecudty ia not l�eeened.If the
<br /> --°---�---- restotadon or repair is not economially teaeible ar I.endac'e eecudty would be leseened,the insuance proceeds eh�ll be
<br /> ---�-- - -_�� applied to the suma secured by this Secudty inattument,ahether or not then due.Nith any excaea pid to Borcower.It _
<br /> Borrowa sMndona the Property,or does not anawer within 30 days a nottce irnm I,�nder tlut the insuranco GrrIer h�e
<br /> ��`'°'"''�'G� otierod to eettle a claim. then Lender m�y coQect the insuance proceeds.l�ender maY use the Proceeds ��p�r or
<br /> ���,:,s�=:�,r.�-,-�.�::.,� , adwill
<br /> - _. � restore the Property or w p�y aums eecwtid by this Security Instrument,whetheror not then due.The 3Q'dsy peri
<br /> __-.;..;.^.•',::;.M, be�in ahen the notice ia Qiven.
<br /> "+"-�'" Unless],ender and HorroWa otherwise agcee in aritin�,any appllcation of praceeds to pri�cipal shall not extend or
<br /> --��-�-�� hs 1 and 2 or chan�e tl►e amount of the piyments.
<br /> =i = - post pora the due date ot the monthly paymenta reterred to inpara�cap
<br /> .;5�•: ,.•_:.:�::.= It underpa ra�raph 21 the Property is�oquired by Lender� Borrower s ri�ht to my insunnce policies and proceeds
<br /> �"•-` - � -� ' resultinQ from damaYe to the Pcoperty prior w the aoquisition shaii pass to Lender to tho o�ttent ot the sume eecurod by _.__
<br /> "��';�;"" ` tt►is Socurity Instcument immediaulypn or to the acquieition.
<br /> : 6.Oocupancy.Preservation�Maiatensnce and Protection of the Proparty;Borrower's Losa Applic�tton; _
<br /> . I,esseholds.Borrowet shall occu�y,establish,and use the Propecty as Borrower's principal cesidence within sixty daYs
<br /> � " . dter the exxution ot this Secunty Instrument snd shall continue to occupy the Propeny �s Borrower's princip+l
<br /> residena ior st luat one year�tur ths dau of occupancy unless I.ender otherwise�grees in writing,which consent shall �-A
<br /> " not be um+easonably withheld.or unle�ertenuutine circumattnces exist which are beyond Borcower's control.Borrower ��
<br /> shall not destcoy,damage or impair the Property,allow the Property to deuriorate,or commit waste on the Property. .
<br /> Borrower shall be in default if any forfeituro action or proceeding,whether civil or criminal.is be�un that in L.ender's �•:_;;_
<br /> good iaith jud�ment wuld rcsult in forteiture oi the Property or otherwiae rnatcrially impair the lien created by this _
<br /> • Security Ynstrument or Lender's sxurity intercst. $orcower may cure such a default and reinsute, as provided in
<br /> __ _ _ para�rsph 18, by causin� the �ction or proceedinE w be dismissed with a ruling that, in I.cnder's Eood isith
<br /> -------" . detetminatiun,procludes forfeiture oi the Borrower�i��icre�ii i�tha Prap,.°riy or athet rnstsrial impeirmPnt of the lien ,
<br /> created by this Socurity Instrument or Lenda's security interest.Bonower slull also be in defeult if Borcower.during �;;-,_
<br /> , the loan application process. gave maurially false ar inaccucate informat�on or statements to Lender (or failed to '
<br /> provide Lender with�ny mauriel iniormation)in connection with the!wn e��idenced by the Note, including. but not �:'
<br /> limited to.representations conoerning Borrower's occupancy of the Property is +principal residence. If this Security �:
<br /> Instrument is on a le�sehold.Bonower shall comply aith all the provisions of the lease.If Aorrower acquires tee title to
<br /> • the Property,the Ieasehold and th�tx title shall not merge unless Lender agrees tv the merger in writin�.
<br /> 7.Protectjon ot Lender s Ri=ht3 in th�P�operty. Ii Borrower[ails to perEorm the covenants and agreements �_
<br /> , conuined in this Security Instrument,or there is�leg�l proceeding that may siemficantly affect l.ender s righu in thc __ ._
<br /> �: property (s►xh as a proceed;nR in bmkruptcy, probate, for condemnation or tor[eiture or to enforce laws or �':
<br /> '`' regulations),then I.ender msy do and pay tor whatever is nece�sary to protect the value of the Pruperty +�n J L cud�r's ,
<br /> ;`� rights in the Property. Lender's actions may include paying any sums secured by a lien which hu priority over this '�
<br /> Security Instrument,appearing in court,paying ressomble attorneys fees and entering on the Property to m�l�e repairs.
<br /> Although I.ender may uke action under this paragcaph 7.I,ender dces not have to do so. ��f
<br /> � . Any amounts disbucsed by I..ender under this paragraph 7 shall become additional debt of Borrower secured by this
<br /> , Security Instrument.Unless Bortower and Lcnder agne to other terms oi pa�ment,these amounts shall bar intetest ���
<br /> from the date of disbursement at the Note rate and shall be pay able,H ith interest.upon notice from Lender to Borrower j�.
<br /> requesting payment. '
<br /> 8.I�lort�a=e Insursnce.If L.ender roquircd mortgage insurance as a condition�f making the loan secured by this x•
<br /> - Security Instrument,Borrower shall pay the premiums required to maintain the rnortgage insurance in effect.If,for any � '
<br /> reason,the mortgaYe insuronce cocen�c required by I.ender lapses or reases to be in rtfei:t, Borcower shill psy the 4
<br /> prcmiums reyuired to obtain covera�e substantially equivalent to the mortgage insurance pre�•i�usly in eifect, at a c�st
<br /> substantislly equivalent to the cost to Borrower of the mortgagr insursnce prc�•ioust; in etfect, from m alternatr
<br /> mortgage insurer approvod by Lender. lt substantially equi�•alent murtgagr irLSUranc� co�•rrage is nat a�•ailable,
<br /> , Borrower shall pay to I.ender each month a sum equal to one-twelfth of thr yearly mortgag�e insur�nce premium being
<br /> � paid by Borrower when tAe insurancr co�•en�e iapsed or ceaseci to br in rffrct.Lender w�ill accept,use and retain chesr
<br /> " � payments as a loss rcserve in lieu ot mort�a�c insuranre. Loss resen•e payments may no IonYer be required.
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