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<br /> . S. H��e+d or lrope�ty I�w�rasa. Bocrower�II kap tbe Impcuve�aaua row exiitin�or be�+after erected oa �
<br /> PropenY insurod�in�t lo�by Hrc. h�xaMi ir�cluded within the term "exta�ded �ven�e" �rd yny otiKr ha:ard�� includia�
<br /> flood�ar floadin�, for whirh L.ender requirea inwr�noe.'ll�is insuru�ee shall be m�intalnod in thc urnxinta�for the perio�
<br /> that I.erde� rcquira. The insurance cardcr pmviding the inwru�ce shall bc cho�cn by &irmwer wbJat to Lencler'r approval
<br /> which shall not be unreaaon+�tsly withheld. If Borrower fiils �o maintuin cover�ge de�c:ribed above. Lender rn�y. �t I.ader'�
<br /> optlon,obtain covera�e to pratect Lender'c�iQhts in the Property jn�ecordanee with p�nj{r�ph?.
<br /> �_- _---,,,� All insurance policie.c and rcnewals shail be aae�ble to [.ender�ud xtuJl include a staixltr�d nx�rt�+�e clause. I.ander
<br /> shall luive the right to hold the policies wxi renewalr.If Ltnder roquiras,Borrower shall promptly�ive to L.ender all rocelpte of -
<br /> paid prcmiunu and ren�w�l notica.In the event of loss. Horrower slwll�ivc pmmpt notice tv the incunu�ce carrier ard[.ader.
<br /> Lender may m�ke proof of loss if ttot tnndc promptly by Bornnwer.
<br /> Unless Lender and Borrower otherwlse agroe in wridng.insurance proceeds stuill be AppUod ro ratoration or rcpair of tho
<br /> Property dam�gud,if the restoration or npair is econort�c�ily feasible and Lender's socuriry is not lessenod.If the rcstoration or
<br /> _ ___�-__�__s.��' repair is not aonomically feASible or i.ender's setudry would be lessena�l. the insurance procoods shall be applied to the sums
<br /> � exured by this Security Instrument, whetl�cr or not then due, with any excess paid to Horrower. If Borrowcr abwndon� the
<br /> Property,or does not�nswer wlthin 30 dayc A noticx fmm i.ender that the insurance carrier has offered to settle a claim,then
<br /> il.ender may copxt the insurance procteds. Le�der may use the pracoods ta repair or restore the Property or to pxy wms
<br /> aecured by this Security Instn�ment,whether or not then duc.The 30�day period will begin when the notice is given.
<br /> Unless Lerder and Borrower othervvisc ag�ee in writing. any application of p�xo�s to principal shall not extend or
<br /> .:p -� postponc thc duc d$tc of the monthly payments rcfcme�to in paragraphs 1 and 2 or change the amount of the payments. If
<br /> - - under paragrrph 21 the Propeny is acqnired by Lender. Borrower's right to any insurana poliries and pmca�ds resulting fmm __
<br /> _� ,�t�,.;� '°�s• damage to the Property prlor to the acquisition stwll pass to L.ender to the extent of the sums secund by this Security Instn�ment
<br /> + immediately prior to the acquisition.
<br /> . ; „�� �{�,:,'.�•'•' 6.Occupwncy,Preservation,Mnintens►nce And Protection of the Property; Borrower's Loan Applicution;l.eatieholds.
<br /> Bottower shall occupy. establish,and use the Property sis Borrower's princlpal restdence within sizty days after the exocution of
<br /> - ;:x 1�•�:': �°'� this Security Instrument and shall continue to occupy the Property as Fiotrower's principal residence for at least one year after
<br /> ; t ::�j ., _ ; the date of occupancy, unless L,ender otherw�ise agrea in wriHng.which consent siwll not be unreawnably withheld.or unless
<br /> • 'i extenuating circumstances exist which are beyond Borrower's control. Borrower shall not destroy, damage or impair the
<br /> Property, allow the Property to deteriorate, or commit waste on the Property.Borrower shall be in default if any farfciture v.
<br /> .'��•'•• •."�`�'��. actian or proceedinp,whether civil or criminal. is 6egun that in Lender's goad faith judgment could result in forFeitum of the
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<br /> �.••.,�� • '' Property or aherwise materially impaic the lien created by this Secudty Instrument or[..ender's security interest.Hoaower may
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<br /> ���t5 , cure such a�fanit and rein�tete.ac Qmvided in Qaranraph I8,by causing the action or Qracceding to be dismissed with�rulinR
<br /> ��.``'��y ' � that, in Lender's good'Paith determination, preclud� farfeiture of thc Botrower's interest in the Property or othcr matcrial
<br /> impairnient af the lien created by this Security Instrument or Lender's security interest. Borrower shall also be in default if
<br /> , • Borrower.during the loan applicntian process,gave materially false or inaccurate infom�ution or stutements to L.ender(or failed
<br /> � to provide Lender with any muterial information)im m�nection with the loan evidenced by the Nae. including,but not limited —_
<br />� ° ta, representations concerning Bonower's occupancy of the Property as a principal residence. If this Security Instrument is on a _
<br /> : leusehold, Borrower shall comply with all the provisions of the lease. If Barrower acquires fec title ro the Property, the
<br /> leasehold and the fec titic shall not mergc unlcss Lcnder agrces ro the mcrgc�in writing. `�
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<br /> or � � 7.Protection ot L.ender's Rights in the Property.If Borrower fails to perform the covenants and agreements contained in __
<br /> i�, � • ' ' ' � ; tl�is Security lnstrunuut, or there i+a tegal pnner�ling tiiat muy signifi�antly affcct Lendcr's rights in thc Property (such as a -
<br /> , . proceeding in bankruptcy,probate, for condemnation or forfeiture or tu enf'orce laws or regulations),then i.ender may do and ��'
<br /> ;� � pay for whatcver is nccesrary to protcct the valuc a(thc Property and Lendcr's rightti in the Propeny. Lender's actions may
<br /> . � include paying any sumc secured by a lien which has priority uver this Securiry Instrument, uppearing in court, paying �
<br /> ��i reasonablc attorneys'fces and entcring on thc Propcny to mukc repairs.Although I.cndcr may take actian under this paragraph �
<br /> - 7,I.endcr docs not havc to do so.
<br /> -� Any amounts disburs� by I.ender undcr this paragruph 7 shull beromc additional debt of Borrower �ccured by this �'
<br /> ' ' � Security InstrunKnt. Unlcsti Borrowrr ancl I.cndcr agrer to othcr tcrni�of paymcnt,thesc:►mounts shall bcar intere+t fmm the
<br /> date of disbursement at the Note rate anci shall be payablc, with intcrest, upon notice from L.ender to Borrower requesting _
<br /> 1 , puyment. _
<br /> � ,;;;-•' 8.Mort�age Insur�ner.If I.ender required mimgage insurunce a�a rundition of n�aking the loan secured by this Securiry --
<br /> ' ' Instrument. Bormwer shall pay the prcmiumr requircd to maintain thc mortgagc insurance in cffcct. If. fi�r uny rcaum, the �;
<br /> °"'''�` � mon a e insurance covera e re uired b l.encier la �eti or rraKS tu lx in c(f'ect, Born�wer+hall a the remium,re uirc�i to �-
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<br /> obtain covcra c substantiall � urvalent to the mort a �insurancc revioutil m etT�rt, at a rost wbstantiall e uivalent to the �-
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<br /> -Q , cnst to Borrowcr of thc mortgaFc insurance pnviuusly i�� effcct, from an aRcrnutc mungagc imurer appn�ved by l.ender. if .
<br /> s substantially cquivalent mortgage intiuranrc covcragc is not availablc. Borrowrr,hall pay tu I.endcr cach month a sum equal to �
<br /> „S'• one-twelfth af the ye•rrly mortgugc insurunre prcmium lxing paid hy Borrower whcn thr inwrance roveragc lap�cd or rc•ru�to k�
<br /> = . bc in effect.Lender will acccpt, usc und retain thrK:pa}•mentti a, �lo�. rescrve in licu uf mortgag�: insurancc. I.o.� rcticrve ".
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