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<br /> S. Hwrd or Propecty Inwrance. Horrower sh�ll keep the Improvemenu rfoiv czictin� or here�fler erocted an the
<br /> Pt�c►perty inu►red�qd�ut loss by firc, IwArds inciudod wlthin the term "extcnded covera�e" Ynd�ny other twt�rdti. in�:luding
<br /> fiood�or flooding. for which Lender nequira inwrance.Thf�imwranoe�lwll be mrintainai in the�rtxwnts+u�d for the pericxis
<br /> thAt l.rndcr requin�.The inwrance curricr praviding the inaurance shall hc cho,cn by Bor�ower:ubjecy to l.ttxler's approvd
<br /> which :hall not be unreacon�bly withhcld. if Borrowcr falls to m�iotain c�vcrngc dexribal abuve, Lender ttwy, wt Lcnder'�
<br /> option.abtain cavenge to protect Lender'c rlghts in the Property in accorclance with p�ragruph 7.
<br /> AU i�surance policies ond renewals slwll be acceptable to Ixnder+�nd siwll inciude a swnJwrd martYaQe cluurc. l.ender
<br /> r „�,.,,�______...,_ _....�..., +ha(1 have the right to hold the pnlicieK�nd renewstls. lf Lender requircs,&�rrower xhall prumptly give tn LenJer�If receipls uf
<br /> puid premiums a�d renewal notices.In the event of loss.Bo�rower slwll�ivr prompt rwdce tu tt�e inwrw�:e c,�rrier�nd L.encler.
<br /> L.ender may muke praaf of loss if not made promptly by Borrower.
<br /> Unless Lender and&�rrower otherwise xsrce in wdting,i�surance proccals ShaU br applicx!tu restoratiun or rep•rir iif thc
<br /> Pmpeny damagod, if the restoratian or repuir is econamically feasible nnd Lender's security is nat lessened. If the re�torutfon or
<br /> repair ic not oconomically feasible ar I.ender's security would be lessened, the insurunce procoods shall bc up�lied to the sums
<br /> ---_�— sc�cured by this Security lnstrument, whether or not then due, wlth uny excess paid ta Borrower. If Borrawer abandons the
<br /> Property. or does oot answer within 30 days a notice from Lender thut the insurance cur�icr has offerod to settic u ctaim.then
<br /> l.ender may collect the insurance praceeds. i.ender n�ay use the proceeds to repair ar restore the Property or to pay wms
<br /> secured by this Security Instrument,whether or nat then due.The 30-day period will begin when the notice is given.
<br /> Unless I.cnder and Borrowcr otherwise agrce in wrltins, any applicution of procecds to principal shpll r�t ezte�ui or
<br /> postpone the duc date of the monthlv payments referred to ia paragraphs 1 und 2 or chunge the amount of tfie p:►yment�. If
<br /> under paragraph 21 the Property is acquired by Lender,Borrower's right to any insurance policies uncl proceeds resulting from
<br /> damage ta the Property prior to thc acquisition shal!pa.gs to Lender to the extent of the sums�ecured by this 5ecuriry Instcument
<br /> immediately prior to the acquisition.
<br /> b. OccupAncy.Preservation.Mvintenance And Protection of the Property:Borrower's I.oan Applicution;I.es�cehulds.
<br /> ��"�-"����� �'' Borrower shalt occupy,etitablish,and use the Prnperty as Borrower's principal residence within sixty days ufter the execution of
<br /> this Security lnurument and shall wntinue to accupy the Property as Eiorrower's principal residence for at Ieast one year after
<br /> '`"r�,�';��i�� the dute ut'accupancy. unless l.ender otherwise agrees in writing, whinc�crosent shatl not bc:unreusonably withheld,or unlc.r•s
<br /> •� �`�.;, extenuating circum�tances exist which are bcyond Bonower's contml. Borrower shall not dcstroy, dumugc ar impair thc
<br /> ~ ��'r��`'Ky�' ' Propeny, aUow the Property to deteriaratc, ar commit wastc on thc Propeny. Borrawcr�hull be in defuutt if any forteiture
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<br /> :'��„�,,,,. uction or prncceding, whcther civil or criminul, is bcgun that in I.�:ndcr's gcwd fuith judgment could result in farfeiturc of thc
<br /> � + . '�::�'������•' �'�' � Property or othcrwise rrutterially impair thc lien crcated by this Securiry Instrument or Lender's sccurity interest.Borrower may
<br /> ��'��'"\�' ���E��'' cure such a defuult und reinstute,vti provided in puragraph l8,by causing the actinn or prcxeeding to be dismissed with u ruling
<br /> � t�at, in lxndcr'� goos3 fsitlt determination. �+!'CCIVdCti fnrfPiturc of the Rcirrower's intcrest in thc Property or othcr matcrial
<br /> ���� ����,, ��• ~ � impa�rnient of the lien creuted by this Security Insirument or Lender's security interest. Borrower shall ulso be in default if'
<br /> ";�'°':_ ' .- . Bc�ttower,during thc Ic�an upplication proccss,guve materiall}• falu or inaccuratc inforniution or+Wtcmeptti to Lender(or failed
<br /> • � to provide Lender with•rny material infonnution)in c�mncctian with the loun evidenccd by the Note, inctuding.but not limited
<br /> � � h��::��': to,representations concerning&�rrower's�xcupancy��f the Property Us a principul resiJcncc. If this Security instrumcnt i.r on a _
<br /> `�� :" ,- � ;, (carehold, &�rrower shull comply with uU thc pr<�vision, of the Iease. If &►rrower acquires fee title to the Property, the _
<br />-- '` � " y leasehold and thc fce titic shull not mcrgc unlcss Lcnder agrces to the mcrger in writing.
<br /> ��-� ..w�.:.:..:.. ,.,::s. .
<br /> 7.Proterti�n of Ixnder's Rights in the Property.[f&�rrower fails to perti�rm the coven•rnty and ugcecment.contrinai in
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<br /> , s�f,� this Secu�iry Instrument, or therc iti a Icgal procccding that may xignifirantly aftect Lender's rights in the Property (.uch u�a
<br />_ ,,;,,,,,,.. ,, ;, . procccding in bankruptcy, prubatc, tiir condcmnation nr farfciturc or tu cntiircc lawti ur regulatium), thcn Lcndcr may do and
<br /> �". •�`.�:.:• . 5•, .' pay tor whatever i,nrcetixury tu ��rutect thr wdu�uC th� P�uE�erty :�nJ LcnJcr'� ri�!ht. in thc Pw�x►-ty. [.ci�Ic�'. u�tiun+way _.
<br /> � includ� puying any sumti x�cureJ by a licn which hati prioriry uver thi� Srrurity ln,trument, appeuring in court, �ying
<br /> - rcuu�nahle attomeys' fees und entering<m the Pr��perty ta mak�repuir�. Althoubh[.endrr may tuke uction under thir paragruph -
<br /> � � ,: ?,l.ender d�k,not have tu d��so.
<br /> �� �- Any ann�unt�di.hur.eci by Lender unJer thi� paragraph 7 ,hall hrrnmr additiu��al drM ��f Borcower securcci by thi�
<br /> Sccurity Ins►rument. Unlcss Borrower and l.endcr•rgrce ta uthrr tcrm.ul'puymcnt, thc�c amauntti.hall Fxar intcrc�t frum the
<br /> ' d•rtc of disbursement nt the Note rnte und shaft be payublr, with interest, u�x�n nuticc fr��m Lcndcr to Borr�iwer rcquesting
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<br /> ;�_-" 8.111ort};s�};e Inwrunce. It'IAnJer reyuired mort�agr insurancc ati a runditi�m uf making the luan�ecured hy thiti Securiry
<br /> �- � • - Instrunxnt, Borrowcr shall pay thc prcmiums rcyuir��l ti� maintain thc murtgagr inwrancr in cffcct. If, tiir uny rca��n, the
<br /> �I�-�~.�� nxmgagc inwr•rnre cuvcr:�gc rcyuired by Lcndcr lapsc,��r rca.e.t��he in ct�fcct. Burruw•rr,hall pay the prcmiu►n� rcyuirat to -
<br /> " %`+!�""' " abtain c��vcr,�ge substanti•rlly cyuivalent t��the mun�a�:c in,uranrc prc�•inu.ly in cit'rrt.at a rutit wh.t•rnti:dly�yuivalcnt to thc
<br /> ��'°� cost tu BoROwer of the m��ngagc in,uranrc prcvioutily in rffcrt. frum an ulternatc nwrtga�r intiurcr approved by L.ender. IF _.
<br /> substantially cyuivalrnt mungagc in.uranrc ru�•rragr i.n��t av;iilabtc. Burruwrr ,liall pay ta LcnJ�r�urh month a wm cyual tu -
<br />-� ` une-twelfth ut�the ycarly mortg•rge intiur.inrc prcmium tking paid hy Borruwrr w•hen thr imuranre ruvrragr IapxJ ar rru+c4 to
<br /> K � � lx in effcct. Ixndcr will sc�rpt. uxc and retuin thcu paymcnts�, a la.� reservc in licu o1 murttiagr in�uruncc. Lu�� rcKn•c
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