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<br /> S. H�r.�rd or Property Itrsurancc. 8ormwar shap kxp the impmvemsntg now tai�ting ar h'x�eafter e'�actai on thr
<br /> Pru�x:,ty iusUCed against tass by f�re, hnznrds Inctudt:�3 within th�term "er.tcnded covcra�a" Qf!�J @!1�OI�4[Y I1l1%�If1IR�incl�din� �
<br /> IIoods or ftooding. for whtch Lender requlres insumnce.This insur�nce dttalt,t�p maintui��ec0 in tho enxwnts wxl,.for*he pedcxta
<br /> thet I.ender requircs.The insurancie carrkr praviding�ho tnsurmxa xhall be chosen 6y Borrowrr subJxs to i.er�der'd�ppnv�- „
<br /> which y,na11 not ba unreusunably wlthheDd. If Barrowcr fniis tu maint�in twvtr�go descrlbod abuvc. ixnder may,aU[.erider'a
<br /> a{xion,obtAin coverage to pmtat i.ender'g rights in che Prapecty tn wecardence wlth paragaph 7. �' .
<br /> AII �11S13R1R�C�IICi�y ARtI f!!R°t'fAI9 9hn11 I1P.RM'C.f►IRble t0 LCtlAtY Rtld AItBII �lICJU(IC[1 StAt'i(IAfCI 111DR�TARC CIALLlIC. Z.CIIQAP
<br /> shalt have thc right to hold tite policles and renewals. 7f Lcnder requlns,Borrower ehall pmn�ptDy give to L.ender d! caxipu of ..
<br /> pald pnmiun�v a��d renewul notices.In the cvent of loss.Borrower ahatl give pmmpt natice to the insunu�co carr3a�ad I.eMer•
<br /> l.endcr muy make proof of loss if�at made promptly by Borrower.
<br /> Unless i.ender and Barrowcr other��ise agrec in wriNng.insurance pracads shal{pe applfcd to rdtaratlon or rep�ir of the
<br /> Property dmnaged,if the restaration or rcpatr is ecortpmically Peavible at�d Lender's securlty ia not le�genai.IP tht testoratlqp or �
<br /> repair is not economically fensible or l.ender's r.ecucity would be tessened.the insurance prnoads shall be appilal to the sumx
<br /> secured by this Security Insuument, wltether ar not thea due. with any excess pald to Borrower. If Borrower�bandom the
<br /> Property.or does not onswer within 30 days a notice from L.ender that the insurana csvrier has offend to settlo e.claim,then
<br /> Lender msy collect the insurance proceeds. Lender may use the proccods to repair or reston the Prope!rty or to pr�y suras
<br /> securod by ttds Securlty Tasuument,whether or nat then due.7fhe 30-day period wifl begin when tde notice is given.
<br /> Unless I.ender und Borrower uthenvise agree in writiag. eny application af proceeds to princlpal ahall not extend or
<br /> postpone the due date of the monthly payments refereed to ln paea$raphs 1 and 2 or change the amovat af the paymente. If
<br /> under p:uragrapt►21 tlte Fro{�eriy js acyulrc�l by L.et�er.Borrowee's dght to any insurence policics artci prccr�s tess�ldr�g f�om
<br /> damege to the Propetty prior to the acquisition ahall pass to I.cnder to the extent of the sums sxurcd by this Saurlty Instrument
<br /> immediately prIor to the acquisidon.
<br /> 6.Occupwtcy,Pr�sewallon,Maintenance and ProtOCtton of the Property;Borrower's I.aan Applicatton;Le�.scAolds.
<br /> Borrawer shell accupy.establlsh,and use the Property as Borrower's principai residettce wIthin sixty days after tho�xecu8on af
<br /> d�is Security Insuument end shnll continus ta occupy the Property as Bonower's pr�ncfpal residence for at lcast one year e.Ret
<br /> the date of occupancy.unless Lender otherwise ugrees in writing. which consent shall nat be unreasonabty withh�ld,ar ualess
<br /> extenuating circumstances exist which ure beyond Borrower's control. Borrower shall nat destroy, dataage or impalr the
<br /> Property. allow the Progerty to detedorate, or commit waste on thc Property. Borrower shall be in default if any forfeltuta
<br /> acdon or pro�:eeding, whether civ�l or cdminal� is be�un that in Lender's good faith judgment oould result In for(eiture of the
<br /> Praparty or othenvise materially Impair the lien cmated by tl�is Security Instrument or Lcnder's security interest. 8orrower may
<br /> c�tre such a defanti and rein5iate.as pmvidc�in�Saragraph i8,!sy ransing il�c act�ars ur proc�ng to be didmss..�es3�ith s suling
<br /> that. in Lender's good faith determinution. precludes forfcitnrc of the Borrower's interest in the Pcoperty or other materi�l
<br /> impa�rment of the tien created by this Security Ynstrument or I.�nder's security interest. Borrower shull ttlso be in default if
<br /> Borrower,during the loan applicut3on process.gave materiully faise or inaccurate informaUon or statements to Lender(or failed
<br /> to pravide Lender with any material information)In connee.Kian with the loan evidenced by the Note. includ[ng, but not ILnited
<br /> to,representations concerning Bonower's occnpancy of the Properry as a princtpal rr.gIdence.If this Se�r�ty Instnunent�S on a
<br /> leusehold. Bonower shall comply with all the proviaions of the lease. If Borrower acquires fee tide to the Pc�operty, the
<br /> leasehold end the fee title shal!not merge unless L.ender agrees to the merger ln writing.
<br /> 7.Protectlon of I,eader's Rigdts in the Property.If Borrower fnils to perform the covenants and agreements contairRd in
<br /> this Security Inswment, or there is a Iegnl pruceeding that may signitica.�tly affect Lender's rights in the Property(such as a
<br /> procecding in bankrupuy,probate,for condemnation or forfeiture or ta enforce laws or regulatians).then Lender tnay do and
<br /> pay for whatever is necessary to pratect the value of the Pruperty and Lender's rights in the Property. Lender's acdons may
<br /> include paying uny sums cecured by a lien which I�as priority over this Securlty Instrument, appearing {n court, paying
<br /> reasonable attomeys'fees nnd enterin�un the Property to make repairs. Although I.ender mny take acdon under this paragaph
<br /> 7.Lender does not have ea do so.
<br /> Nny anounts disbur�ed by Lcnder under this purugraph 7 shail become uddldonai debt of Borrower secured by this
<br /> - ;,,,. Seturlty Instrument. Unless Horrower and I.ender a�ree to other terms of payment,thesc amounts shall bear interest fmm¢he
<br /> ^' `��� "'•'� date of disbnrsement ut the Notc ratc and shail bc payable. with intorest, upon natice from Lender to Borcower requesting
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<br /> 8.Mortgnqe Insw�nee.If L.ender required mort�age insurat�ce as u cottdition of making the loan secure�by tbis Securlry
<br /> y:J�"+��='��``'"• Instrument, Borrower shall pay the premiums required to maintuin the mortgage insuronce in effect. If. for any reason, the
<br /> i�;:��'�;',.,;� mortguge insurance coverase required by Lender lapses or ceases to be in effect. Bonower shall pay the premiums required to
<br /> �;;',•,,�,.:';:'� obtain covernge substantiully equivalent to the mongage insurance previously in eFfect,at u mst substanttally equlvalent to the
<br /> "�'•'�+�'�''i� cost to Borrower of tFie mon a e insurance reviousl in effect, from un altemate mort a e insur+er a roved b I,endcr. If
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<br /> ::,,:I�'`�''�'' substantlall uivalent rnort u e insursnce cove
<br /> y eq g g rage is not avuilable,Bornower shall pay to Lender each month u sum equal to
<br /> �'� ` � � �� one-twe4fth of the yeariy mortguge insurance premium bein�paid by Borrower when the insurance coverage lapsed or ceuted to
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<br /> •'a'•`- � "'t '" be in effect. Lender will axept,use and retain these pnyments es a loss reserve in lieu of mortgage insurance. Loss reserve
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