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<br /> � S. Hauird ��� 1"r�ps�vty liuut�aucc. iierraw�:r Sha11 kc�p thc Imprfl��cnivnts now exisdng ar hei�ra8cr r.atcttcl on the:
<br /> Pmperty insared Agcin3t loss by fre, haznrcls incfudccl withtn the term "extencicd cuverage"ancf any other h�►x�rds, i�x:lwi3n�
<br /> floads or floading.for which l.ender cequires insura�x.�.'Phis in�urar�re shxll be m�intained in ahe�r�ounu►pnd��for the paricdw .
<br /> that I.cndcr requires. 'l�r,insuranct carricr previding the insiorencc shali be chostn by Hnrrower aub,jat ta l.edder'e rpproval
<br /> ,, whtch sh�ll rAI be u»reasonably wlthheld. if B6rmwer fails t�maintain�vera�e�ribed�bove, Ix�der tn�y, at L.on�ier'a
<br /> optton,obtein coverage to ptutect Lender's rights irn the Pmperty in eicconianca wttli pa�agnph 7,
<br /> All insurance p�ticies a�xi rencwafs siu�il Ge acceptx�ie to Ltjwl�;i•�uKl,�zall i:klud:,a�tac�.�r3 m.nrt�.:*c ^c!.„.sse. !r_r••!�r
<br /> c;hap hAVC the right ro bold the policies and renew�ls.If l.er,der rcyuirac.Bnrrower afull prampt�y give ro I.ender�11 receipt�oP
<br /> paid prem[ums and renewal nodoc9.In thaevcnt of loss.Bor�awer slutlk glvo pmmpt notict to!he iruurance ca�e'ier srd i.aide,�.
<br /> l.ander mny mukc proof of loss if noe macte promptly by 8qrr�wer.
<br /> Unless I.endsr at�i Borrowar otherwisc agree in wtitii�g,Msnrance ptnca�ds shall be applial to restoratia►.oc r+epair'af thc
<br /> P�nlxrty damaged,If the restotatIon or n.�pair ia economitally Peasible�nd t.end�t's saurity is not 1s.4senod.lf the rcstoratia�ar
<br /> repuir is not ecflnomica�ly feasibie or Leader's sa;urity would t►�lessened.the insurance pmcccds sh�!!be uppiitd to t�e sums
<br /> secural by this Security Instrument. whethcr or not 8ien due. w(th any eACess paid to Bormwet. If&►c►+nwer nbrndo�na the
<br /> Property.or does not auswer within 30 days a natice from t..ender that the lnsurance carrler has offercd ro scttle a cl�im.thea
<br /> Lender may collect the insw�noe pmceeds. L.ender may use the procertls to rep�tir or restore the Property or to pay sums
<br /> secured by Wis Secudry Inswment.whether or not then due.The 30-day porlad wjil begin when d�e notia is given.
<br /> Uniess Lender and Horrower otherwise agree!n wrlting. any appltcation of pmceeds to ptincipai shatl not�xtend or
<br /> postpono the due dnte of the montlily paymea�ts refernd to in paragrnphs 1 nnd 2 or change the amount of the payments. If
<br /> under parngraph 21�the Propeny is acqnired by Ixnder,Bonower's right to any Iasurance policies ond proceeds tesutting from
<br /> damage to the Fnoperty prior to the acquisitton shall pass to I.ender to the extent of the sums secutod by this Sacurity Insuumcnt
<br /> imnu�dIutely pr�or to the acquisitlon.
<br /> 6.Occupancy,Preserv�tion,Mainteiwace and Proteclton of We Pmperty;Borrower's I.oau Applics�tion;Leasehot�ls.
<br /> Borrower shaU occv:�y,establish.and use dt��ioperty as Borruwer's prin�vpal msidence within sixry duys after the exerudon of
<br /> this Secprity Instrument und shall conHnue to occupy the Propeny ns Borrower's principal resld$nce for at le�t one year aft�r
<br /> ths�r,e v�f'occupancy,w�less[Aader othenvise agrees in wrIting. which consent shaU not be unreasonably witl�held.or unless
<br /> ' exteiivating cin:umstanees exist ���hich am beyond Bomo���ef s controi. Borrower sh�ll not dtstmy. damage or impair the
<br /> i Property. allow the Property ro deteriorate.at oommit waste on the��erty. Borrower shnll be in default if any fotfeiture
<br /> nction or praceeding.whether civll or crimintil.is be�un that in Lender's good faith Judgment oouLdl result in forfeiture of th�e
<br /> Property or c►therwise materially.impair the lien creatcd by this 3ecur�ty Instrument or Lender's secvu�ity interest.Borrower may
<br /> ,,5,,^ cure such a default and�etnstute.as provided in paragraph 18.by causing the act�on or proceeding to be dismisse�w*ith a iulu�g
<br /> that. in Lender's&ood fitith d4tem�inutIon, precludes forfeiture af the Borrower's interest in the Property or other m�teriu!
<br /> � impairment af the lien created by this Serurity Instrument or Lender's security interest. Borrower shall also be in default if
<br /> ; Bocrower.durinya the laan application proc.ess.gave ntaterially false or inaccurnte information or statements to Lender(or faIled
<br /> , :� to provide Lender wlth any matvrial inforn�acian/in connection with the ioan evidenced by the Note. including,but not ltmited
<br /> ,,.;. �" � to. representatIons concemit►g Borrower's occupancy of the Property as u principai residence.If this Security Insuument is on a
<br /> i�� leaxehold. Borrower shall comply with all the pravisians of the lease. If Borrower ucquires fee title to the Praperty. the
<br /> leasehold and the fee dtle sh�ll not merge unless I.ender agrees to thc merger in writing.
<br /> 9.Protectton of I.ender's Rlghts in the Property.If Borrower fails co perform che covenants and agreements contained in
<br /> this Secur[ty Instcument,ur there is a legal proceeding that may si�nificantly affect l.ender's rights in the Property(such as 8
<br /> ':�1:? proceeding in bankruptey,probate, for condemnution or forfeiture or to enforce luws or re�ulations). then L.ender may do and
<br /> pay for whatever ls necessary to protect the value of the Property and Lender's rights in Ne Property. Lender's actIons may
<br /> include paying any sums secured by a lten which hns priodty over this Securiry Instrument. appearing In court. payfng
<br /> re�nable attorneys'fees und entern�g on the Property to make repuics.Althou�h I.ender may take action under thls paragraph
<br /> 7.L.ender does not have to do so.
<br /> Any amounts disbursed by L.ender under this paragraph 7 shall become uddittonal debt of Borrower secured by this
<br /> 's.•� Secudry Tnstrument. Unless Borrower sind L.ender agme to other terms of payment,these amounts shall bear interest from the
<br /> �' �"=�'%'""' date of disbu�sement ut the Note rate und shaii be payable. with intemst, upon notice from Lender to Borrower requesdng
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<br /> +�r,Y;...��;:�. payment.
<br /> '`�x 8.Mortgage Insurance.If I.ender required mortgage insurance as a condition of m�king the loan secured by this Secudty
<br /> f� � instrument, Borrower shall pay the premiums required to maintuin the mortgage insucance in effect. If, for any reason, the •
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<br /> -�1': � mortgage insucance coverage required by L.ender laps��s ur ceases to be in effect.Bonower shull pay the premiums requlrat to �t'�.�r,
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<br /> ���_ �., �' obtain covernge substantiully equivnlent to the mortguge insurance previously in effect,ut a cost substantially equivulent to the ,
<br /> -•-}�"`����` �� ' cost to �orrower of the mortgage insurance previously in effect, from an alternate mortgage insurer approve�by Lender. If �
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<br /> • substantially equivalent mortguge insurance covem�e is not nvailnble.Borrower shall pay to Lender each month a sum oqnnl to :�,: .,
<br /> +'~;. ..�` � �, one-twetfth of the yearly mnrtgage insumnce premium being puid by Borrower when the insurance coverage lupsed or ceased to "' '�'
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<br /> - - be in effect.Lender will ucc�pt,use und retain these payments as a loss reserve in lieu of mort�age insurance. I.oss reserve
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