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<br /> ' • a"�'"'�"`�"'iz 4. IFIre,�7ood und Other Hnzurd Insurtutce.Barrowcr shull insure up improvemente on the Properry.�vhcther now in
<br /> � f I 0 existence or subsQquently erected,aguinst any hazards, cASUalties.cu�d contingenctes, lncluding firc. for which Lendcr r�qulre9 --
<br /> insurance. This insurance shall 6c maintatned in the amount�nnd far the periods that Lender requires. Bonower shaU also
<br /> — — lnsure all improvements on the Property. whether now in existence ar subsequently erecteci,uguinst loss by flQads ta the extont _
<br /> o insurance liciesti and sn
<br /> rcquired by the Secretary.All insurance shall be curricd with campanie.c appraved by[,ender. TG po y
<br /> �.��, �: renewals shall ba held by Lender and shsitl include loss payable cluitses in favor of,and in a form acceptable to.I.ender. r
<br /> f� In the event of loss,Borrower shaii give I,ender immediate notice by mail. Lender may meke proof of loss if nat cnade
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<br /> - •�;�""'`•'���%�'x' pramptly by Borrower. Esch insurance company concerned ia hereby autharfud and directed to make payment for such loss
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<br /> .t��','��t•�;;��•�';;;;+ directly ro Lender, instead of ta Horrower and to I.ender jointly. Atl or any part of the insuranrc proceecls may be applied by
<br /> = ;,�-.���,'. .; -�`. ;`i Lender, at its aption. either(a) to the reduction of the indebtedness under the Note and this Secudty Instmment, first to any
<br /> '� ��<''''�� -, �,�. delinquent amoun�s appHed in the o�+der in paragraph 3.and then to prepayment of principal,or(b)to the restoration or repair
<br /> �� ' ��� �T. ; of the damaged Property. Any appiicution af the proceeds to the principal sh'�! not extend or postpone she due date af the -- -_- ----
<br /> , ` �!i'•`. � � monthly paymenu which ere referred to in p�ragraph 2.or chan�e the amount of such payments. My cxceas insurance proceeds
<br /> � � over an amaunt required to pay all outstanding indebtedness under the Note and this Security Instrument shall b�paid to the
<br />�j enttty legally entitled theceto.
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<br /> f In the �vent of foreclosure of this Secudty Instrument or other transfer of tide to the Property that extingulshes the =
<br /> ___ ' �____ _ indebtedness.all rlsht.Htle and interest nf Rnrrowe.r in end t�iocnr�nce pc�licie�in fnror�hell r»��t�the purchaser.
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<br /> � ' � S. Occupancy, Pre.servation, Maintenan��e and Protection of the Praperty; Borrower's Loan Applicatton; —
<br /> ; Leaseholds. Bonower shall accupy.estabHsh.and use the Property es Burrower's principal restdence within sixty days aRer =_� _�
<br /> � � the executian af this Secur�ty Instrument and shall continue to accupy the Property as Aorrower's principal residence far at least �;.�;,,o„��
<br /> one year after the date of occupnncy, unless the Secretary detern►ines this requirement will cuuse undue hardship for Bonower. ��.—
<br /> or unless extenuating circumstances exist which arc beyond Borrower's control. Bonower shall notify I.enders of any �'"""`=
<br /> extenuating circumstances, Borrower shall nat commtt waste or destroy,damage or substantially change the Property or allow ��-
<br /> the Property to deteriorate, reasonable wear and tear excepted. I.ender may inspect the Property if the Property is vacant or ��.'.,r�.�"°'
<br /> ' • abandoned or the loan is in default. L.ender may take reasonable action ta protect and preserve such vacant or abandoned �b�=-_
<br /> ' Pra rt .Bormwer shall also be in default if Borrower,durtn the loan a lication racess, ave materiall false or inaccurate .�
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<br /> � infarmatlon or statements ta I.ender (or failed to provide L.ender with at�y material informatton)in connection with the loan •,,..._
<br /> --�--��----.-� evidenced by the ivote, inciudin�, hut not iimited to, represeniuiions��nc�eming Burrower's cx�cupucn:y of tiic Fiupc�ty as e •'.;..,-�
<br /> principal residence. If tAis Security InStrument is on a leasehold, Bonower shall comply with the provisions of the lease. If = ��i;,-=
<br /> ,, Borrower acyuires fee tide to the Pmperty,the leusehold and fee title shall not be me.cged unless Lender agrees to the mer�er ln �"''_._
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<br /> . writing. � .s;�::a
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<br /> 6. Char�tx to Borrower and Pcotection of Ixnder's Rights in the Property. Borrower shall pay all governmental or ���� .,
<br /> � municipal charges, fines and impositions that ure not included in para�raph 2. Borrower shall pay these obligacions on time
<br /> , " •� dirwtly to the entity which is owed the puyment.if failure tu puy would adversely affect Lender's interest in the Property.upon
<br /> Lender's request Borro�vcr shall promptly.�rnish to I.cnder reccipts evidencing these payments. � • ..
<br /> • lf Borrowcr fuils tu n�akc thesc p�ymentti or the payments requircd by paragruph 2.or fuils to perForm any other covenants " ��
<br /> • and agreemrnts cnntuined in this Security Instrument,or there is u Icgul proceedin�that may significantly affect Lender's tights
<br /> � in the Propeny (+uch us u pr�xcrclin€in hunkruptcy, for condemnation or to enforce luwti or regulattons). then Lender may do
<br /> und puy whutcvcr is ncccssary tu protect thc vrluc of�hc Property und Lcrxtrr's rights in thc Property, includin� puymcnt of
<br /> . ' taxcti.ha�ard insurancc u►xi utl�er item,mentiancJ in puragruph 2.
<br /> � Any umounts dishuned hy I.endcr under this paragraph tihall herome an •rdditional dcbt uf Borrower and bc secured by
<br /> this Sreurity tn�trument. Thc+c amount��hall txar intcrc�t frum thc datc uf Ji�bursement. at ihe Nat�rate,nnd at thc option of
<br /> Lcndrr,xhall b�immcdiatcly Jue and payuhlr.
<br /> �. Condemnation. Thc prorrrd+ uf any award or rluim tiir Jumagc�. dirrct iir ccm+cyurntial, in conncctinn with any �
<br /> condcmnation ur othcr taking ul'any part uf thc Pri�perty.ur �iir runveyrnrr in plarc ut'rcmJctnnati�m.arc hrrcby:issigneci and •
<br /> .hall be paid tu L.enJcr tu thc cxtrnt<if th�(ull amaunt ut'thr indehtcdnc..that remain+unpaiJ undcr thc Notc and this Security
<br /> lnstrument. Lcndcr�hall apply tiuch procccdti to the rcdurti�m of thr indebteSnrs+ under thr Notc and thix Scrurity Instrument. �
<br /> fint t�� any dclinyucnt amountti appliccl in thc ��rdcr pn»•ided in paragraph �, and th�n t�� prcpaym�nt i�f prin�ipul. Any !
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<br /> appliraticm af thc procr�d� tn thc prinripal ,halt n�n rxtrnd ur EKnt{x�nr thr Juc Jatc �,f thr numthly paynnntti. which are I
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