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<br /> — S. Haxard or R�upeNY [n�r�uoce. I�orr��wr.r dhail bccp tha itnprovements now exi�tlag or hereattrr az�ertacl oro the
<br /> ��°-=_�'°"�'� [Trup:»y (i14U�-ed i�;�in•tii ici�s hy fi��c. h:u.ur�ts incluctc�t�eitliii�ttn tcrib�"extciZd��cuver;�„c"nnd any atlt:r ha'tards. ln�l�din�;
<br /> tlaxts ur f�n�xting,Ccii wh{ch I.�C11ciCY 1'CqtIIIC�Ii1SQmiti'C.'1'hi5 ittsur•anco shall�e main•uinccf in tho anwunts unci for tht{�crEuds
<br /> that Len�ier reyulrcs.'i t�e Insurance card�t pmvfdiflg thr insuranco titwU ba ciwsen by Horrower subject to Ixcder'a�vd
<br /> whlsh shxll �xH be�nrcakinably withhcl�i. �P If�xrawer Fuils to malntufn cuverego de�.crltrtd ubove. l.endcr mr►y.ut i.ender's
<br /> aptlon.oMain covers�e to pmtact Lenilrr'e:dgl►ts in the Pmpetty in e�x°otdance wlth pam�raph 7.
<br /> Al! Insur�r�ce pnfictes nnd re�aewals s1�aU Ae occeptubte w L.ender and ahall inctude a standard mongage clause. t,Knder
<br /> -- — ' sMlt havc tfic Nght to hotd thc poilciea and renawate. !f Letider requi�.t�orcawer shxli prnmPtiY Sive to L.emkr�t!rr��eipts�£ `_-
<br /> paJd prcmium9 end rcnewal nottces.In thc event at loss,porrower shall givc prump nuxioa tu the insura�carricr and Leeder.
<br />-- Lendcr may malco prmf of lass iF nat made pramFtly by Borcawer.
<br /> Untess Letxkr snd Bamower otherwisa ogree In writing.inwrance praaods fih�q be nppltod t�asioru�on or rc�ir of t,he
<br /> Property damaged.if the restomtinr or repxir ls economically frsy�blo and l�er►der's secudty is not l�ssenod.If the restorsti9n os
<br /> rcpair is not eronomirally feaglble or Lendcr's security wouid be les,sened.the insurana,r procceds shall be appliod to the suros
<br /> -� savred by this Securlty Insaumemt. whether or oot then due. with su►y excess paid to Borrower. If Bomower abautdons the
<br />�, Property.or doss not answer wtthln 30 days u nodce fmm Lender that the insuran�e ciurier h�s off�ed to settte a claim.then
<br />___ Lender may collat the insurnnce prooeeds. I.ender may nse the proeoeds to repnir or restote the Property or to pay sums
<br /> � seturnd by this Savriry�eni.whether or not thea due.'[he 30�day perlod wlll begin wQen t1�e notIa is gjven.
<br /> Ualess Geider and Botrower otherwise agrea ia writiag. nay applIcatIan of proceeds to prirnipat shall not extend or
<br /> postpone the due date of Ihe monthly payments referrod to in�phs l aad 2 or cdange the nrnount oY the payments. IP
<br />= ____ _ �der paragroph 21 ttte Pnoperty Is ucqufned 6y Lender.Borrower's rig6t to any insurance pollcic�s and prneoeds resu(�Ing frora
<br />- daa�ge to the Property prior to the ucquisltian shnl!pass to Lerder to the estent of the swps securad by this S�rudry Insuument �
<br />- iinmedlately prior W the ucquisItlon.
<br /> 6.Ooa�p�acy,Preservat�on,Matntenance and Pe»tectton ot We Pmper4y;Borrower's I.oan AppLkxtfon;l.easetiold9.
<br /> Bn�wer shall aavpy,estnblish.und use the Property as Barrower's principal residence withjn sixty days a43er ttte executioa of -
<br /> this Secudty Instmmeat and shall oontinue to occupy the Froperty as Bonawer's pr�acipal n�idence for ai least one year after
<br /> the date of occupancy.unless Lerder otherwfsa c�grees In writIng, which consent slwll not be unre�sonably withheld.or anless
<br /> extenuatiag cimimstances exist which ere beyond Bomower's conuol. Borrower stu�ll not destroy. dam�tge or impair t4�
<br /> Property.allow the Froperty to deteriorute. or cnmmit waste on the Property. Bormwer shall be ia default if any forfeiture
<br /> acdon or prooeoding.whether civil or criminal. is begun that In Lxader's good faith j�dgmem aould result in forfe[ture of the
<br /> Property ot otb�rwise materially impair the liert crated by this 5ecurity instniment or l.ender's serurity Intemst.Borrower roay
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<br /> cune such a default cmd reinsmie,as pmvided in paregraph !8.by causing the action or proceeding to be dismissed wlt6 a niling
<br /> - I t6at, in Lender's good faith detenninauon. precludes forfeiture of the 6orrower's ic�terest in the Propetty or otdet material
<br /> impaimient of the lien created by this Secwity Insuument or Lender's sec�rity interest. Bornower shall also be in default if
<br /> re
<br /> r�,; ' Borrower.duriag the loan eppUcation pmcess,guve materially false or inacxurate infornoation or stntements to L,es�dc�r(or failed
<br /> tp provIde Lender weth any materIal informatlon)in oonnactioa with the loan evidertcod bj the Note, iQCludiag.but aot Gmited
<br /> to.npmsentatlonc ooncemi�n�Borrower's oocupancy of the Property a,s a principal restdence.If this.Sr�raity Instrument is on a v,_,
<br />_ leasehold. Bormaer shall oomply with all the provisions of the I�ise. If Borrower ucqnires fi�e a�e to the Propeny. the
<br /> leasehold and the fee tide shaU noi merge unless Lender ngrees to the merger in writing. ��__
<br /> 7.Pentectlon oi I.mder's Rigbts in the Property.If Borrower fsWs to perfdrm the rnvenants and agreemsnts conta{�d in '�-'�
<br /> this Securi xnswrttent.or there is a 1 al roce�dtn that mny si ficantl affect Lender's ri ts ia the Pro �•���
<br /> �Y e8 P � 8� Y � Perti'(such sis a
<br /> - pmceeding in banlm�ptcy.pmbate. for oondemnation or farfeiture or to enforce laws ar regulutions).then L.ender may do and
<br /> , pay for whatever is naoes.sary to protect the value of the Property and Lender's rights in the Property. Lender's actionc may �r'
<br /> include paying a►ry sums secunad by a Ilen whtch has priorIty over this Security Insuument. appearing in court. Qaying '�-�.-
<br /> reasonable attorueys' fees and enteriag on the Pe+operty to make repairs. Although I.ender may take action under thts paragiaph �=��`
<br /> '' 7.i.ea�der does not have to do so. -
<br />- �; Any amouats disbursed by Lender under this para�raph 7 shall become additional debt of Borrower secun�d by this ��
<br /> � Security InsUuir�ean. Unless Borrower ancl Lender a�me to other tem�s af payment.these amounts sh.all bear interest from tta� '�''
<br /> ��°���; �%� date of disbursemeaR at the Note rate and shall be payable. with intenst. upon notice fr+om Lend�r to Homawer requesd�
<br /> ,�,��"'�'t"= payment, ;:::'�-
<br /> '�?;�� ,� 8.Mortgage Iusuranoe.lf l.ender requirc�d mortgage i�surance as a condition af Aaaking the loan secuned by dus Securiry ��;�;���:
<br /> Instntment. Borrower shall pay the premiums required to maintain the mortgage ins�utce in effect. If. for any reas�n, the ` .`�`
<br />,• ,
<br /> '' ' mortgage insuranoe wverage required by L,ender lapses or ceases to be in effect.Borrower shall pav the premiums cequired to `� ,,'.:
<br /> obtain ooverage substantiully equivalent to the mortgage insurartce pre�-ious3y in effect, at a cost su�stantielly equivalent to t�� '
<br /> • „ti�� ° cost to Bomower of the mortga�e insurauoe previously in effect, from an alternate m�rtgAge ia�er approved by Lender. If
<br /> � substantialiy equivelent iuortgage insurance coverage is not a�•ailable.Aorrower shall pay to�e�each month a sum equal W ' �
<br /> ��_�y one-twelfth of the yearly mortgage insuranoe premium being paid by Borrower when the insurance ooverage lapsed or ceased to •
<br /> be in effect. Ixnder wjll acoept.use and mtain these payments as a loss reserve in lieu of mortgage insuram:e. Loss reser•e
<br /> �soze erso
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