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<br /> ' s. NAZ�rd or Piviper/y Insurance. Borrower shall kv�ep the impmve�nents rtow ezisting ar�kl�s1lID�ed on �hc
<br /> r:'—°�--"" ' Prapeny insured i►galnst loss by fire. huuirds included within the term "extcitdeci coveraae" and uny athor hnuudfi. incJudinQ
<br /> �ltl[T!�}['�+�TIPI`.
<br /> _•,�..� .�,� ilaods or floce�iinII, fur wl�ich I.cndcr rcyuireti insuranco. TLig insuru�tcc r,hull bo mnint�,hicd b�thc umounte and ar t ic per e� s �:y_:_
<br /> � _ that [.cndcr requires.Thc in,urance r,�rcicr provlding thc insuruncc tihall be chnsen by Di�no�ecr sub)ect ta i.ender's upprovnl
<br /> - which�hull nat be unreasonably withlield. If Borrower fnila to maimutin•coveraBe c�escdbed ubove. l.endur ntay. ut Lendc.r's
<br /> uption.abtain wvernge ta pr�tect I.cnder's rightF in ihv Praperty In accor�uncv with purn�rnph 7.
<br /> �� Ait insurance policies und renewals shall be acceptablc ta Lender and shull include n st�rtd�ud mart�n�a cluuse. I.endcr
<br /> _ , shuli hava the �ight to hald the policics and rencwniti. lf l.ende�requ�res, Burro�vcr shuli prumptly�tive ta l:andQr nll rcccipts of
<br /> - ----- pufd pmmium.ti and renewnl nodces.!n the event af lass,liorrawer shuil givc prompt noticc to the insunmc�vi�rriar und l.endcr. `"_
<br /> � — Lender muy make proof of loss if not made promptly by Bormwer.
<br /> Unless L.ender and 8onower otherwiso ngree in wr�ting, Insurancr proceedK shnll be applicd ta restaratic►n ar repa�r of the ___.
<br /> Property damagcd, if thc restoration ar repnir is ecanamically fcasiblo nnd Lend¢r's sccur�ty ia not lessened,if the rc�storndon or
<br /> repair is not economlcully fe:asible or Lender'x recurity wonld be lessened,dte insurance praceeds shnll ht+npplied to tho sumc _�"'"-
<br /> �� secured by this Security Instcument. whether or not then duo, with any excess puld to Borrower. If Barrowur abnndona the =_
<br /> - E'roperty.or dces not answer within 30 days u natice from Lender thac thQ insurattce carrier has offered ta setttc u cluim,then -_-
<br /> "; Lender mny coltect the jnsurnncs procceds. Lender may use the pr+oceeda to repuir or restore the Pmparty ar to pAy sums __
<br /> / secured by this Sccurlty Insttument,whcther or not then due.The 30-duy�seriod will begin when the natioa iF given.
<br /> Unle�.c Lender nnd Horrower atherwise ugree in writing. any applicetion of proceai� to princlpnl shall not extend or n�'_'ar.�'^._
<br /> postpone the duc date of the monthly payments refcrred to in paragrapha 1 and 2 or chAnge the umaunt of the payments. If �=_-
<br /> under paragrnph 21 the Propeny is ucyuired by Lender,Borrower's ri�ht to any insurance policies and pmceeds resulting fic�m W-
<br />. dumage to the Property prior to the 3cquisition shall pass ta Lendar t�the extent of the suma secured by thia Securiry Instrument �==:-
<br /> • immediatety prior to the acquisition.
<br /> �_
<br /> _ ��` 6.Oocupancy, Preservation,Matntenance and Protecti4n at the Pcoperty; Barrnwer's Loan AppticaUimn;I.easeholds.
<br /> -. �„�.',:�._!,,'�;:•' Horrower shalt accupy,establish,and use the Propeny as Rorn�wer's principal msidertce within sixty duys aRar thc execution af '.
<br /> �_Y�:
<br /> " this Security Instrument and shall condnue to occupy the Property us Borrower's prirtcipa! residence for at least one ye�u after "•"°'
<br /> _ .;•,,,*��'' ' the date of accupancy,u�less l.ender athenviae agrees in writin�,which consent shall not be unreasonubfy withheld.or ui�t�ss ,t'�'
<br /> , , .�3 � extenuating circumstances exist which ure beyond Borr�wer's mntrol. Bornower shull not destmy, dttmage or impair che �`='_`
<br /> .,�,..�� .. ..
<br /> ;+,r;� ;'� �•,c � Pmperty. allow the Propetty to deteriorate,or cammit wust¢on the Property. Borrower shaU be in dofault if any forfciture '
<br /> +;:• •:�"}',���`�� action or proceeding,whether civil or criminal,is begun that in Lender's good faith judgment could result in forfeiture of the �'.'``
<br /> - �'"`•'°i�t�"� Property or othenvise materiaUy impair the lien cre.lted by thiH Security Instrument or L,ender's security intorest. Bormwer muy �``''_
<br /> �:.,z:''.', :._. ,
<br /> • -��,•. :. cure such a default and reinstate,as provided in parugraph 18, by causing the action or proceeding ta be dthmiesed with a ruling
<br /> _ �=r'� '' thut, in Lender s goixl fAith determinution, precludes forfctiture of the Bormwcr's interest in the Pro}�erty or other mattriul
<br /> ,,•�:.
<br /> ���� -�`��: impairment of the tien created by thts Securlty Instrument or Lendc�r's security interest. Borrowcr shell ulso be in default if �� _,_
<br /> ;':K.�. - -•t ��r��
<br /> #. �,�;.,� . �•.'_ � Borrower,during the loan application process.gave matcrially fulnc c�r inuccuratc information or statemenis to I..ender(ur failed ,��+;
<br /> �"�`''°"'" " "' to pmvide Lender with any matenial information)in connection with the loan evidenced by the Note.including.but not limited �;;`=,
<br />';- ,. :•��'� �'�� ' �',��' to,representations concerning Borrower's occupancy of the Propeny as a principu! residence.If this Security[nstrument is on a '':' ,,
<br /> '`' `' ° t :<:• leasehold. Borrower shall comply with all the provisions of thc I�aee. If Borrowcr acquires fee titic to the Pmperty, thc r
<br /> �.�i?�' ,
<br /> - �'" .. ,���r r ':•�. ' '�.• leasshoid end ttie fee title shall not merge unless Lender agt+ees to the mer�cr in writing. •
<br /> • ► '�.;1a�.`�:-«:- : 7.Proteedon ot Lender's Rtgbts in the Property,IB Burrower fails to perform the covenants and ugreements contained in
<br /> .�v�=.���4 this Security Instniment, or there is a legal proccxding thut may significandy �ffect Lender's rights in thc Amperty (such a.s o •
<br /> � � � '�^�'"=,a� proeeedins in bankruptcy.probute,for condemnntion or forfi�itum or to enforce laws or regulations),then I.ender may do and
<br /> ._+�,,�j...;: . .• • p Y ��Y P P Y g PenY• Y
<br /> u;;+• .,.•, .-�; a for whatever is n ro rotect the vnlue of the Pro en and Lendcr's ri hts in the Pro Londer's actions ma
<br /> ��,-;,•:. �};
<br /> - ,. �-.°;.� - include puyln�any sums secured by a lien which has prinrity over tliis Security Instrument, appeuring in court, paying ��.r•,,
<br /> �j�lS�..+.r��.•� �]^F-;
<br /> +tY:��.�:.:�:--a�,. �casonable suomeys'fees and entering on thc Property ro make repaits.Althuugh Lender may take action under this paragraph �;;,,n�..
<br /> y-����r�,'�,w:�:•�k 7.Lender does not have to do so. '``1�
<br /> "r"'+"^�� '�,"'•'� �" Any amounts disbursed by Lcnder under this ptvagraph 7 shull become addition:il debt of Borm�vor secured by this
<br /> ,.,,._. 7 , ..,- "
<br /> �'*r����`���'' '� � Securiry Instrument. Unless Borrower and i.ender agree to oth�r tcrrns of payment,th�xe:unounts shell bear interest from the •
<br /> . �;,:.,_<;• ._
<br /> - �c'f����:.���' � date of disbursement at the Note rate and shull he paynbl�, with intercst, upon noticc from l.crtder to Borrower rcqucsting -
<br /> �. .. ,
<br /> ��:.: . pnymem.
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<br /> �'•�i �� 8.Mort�age Insurence.If Lender nPquired mortgaga insurance as s candition of mukin�the laan secured by this Security
<br /> -"- : Instrument, Borrower shall puy the premiums required to maintan the mort�uge insurancc in effect. If, for any rcason, the
<br /> ,,:'
<br /> � � mort�age insuranoe covernge required by I.ender lapses or ceases to �e in ellect, Bomuw�r shall pay the premiums requlrc:d to
<br /> � ;�, , ., obtein coverage substentially equivalent to the moetgage insumance previous�y in effect.ar a cost substantially eyuivalent to the
<br /> � �.��'. � cost to Borrower of the mortgnge insurance previous[y in effe�ct,from un ulternute mort�age insurcr appmveci by [.ender. It ;.
<br /> ' �'�`b`:a�r�'�'. � substantially equivulent mort�age insurance covernge is not avstilubla, Borrower shall pay to Lender each manth a sum cqual to
<br /> :'r��� �� �' one-twelfth of the yearly mortgage insurance prcmium being p�id by Bormwer when the insurance coverage lapsed or ceased tn
<br /> �:��-:-:��:���aii
<br /> , '=1---- •:.r�-�;;�� be in effect.Lender will accept,use and c+etain these paymente as a loss rexerve in lieu af mortga�e insurance. I.oss mscrve
<br /> .'�':: ' •i��!l�
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