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<br /> S. Ilar.�rd or Pmperty angunu�ce. �ottawar slu�ll krep the impravemen[R Iww exist.ing os hererQer er�.:tc;l aa ibe
<br /> t�ra}xny insurcd againsc lotic 6y firc,haznrds inc�udcd w1tMn thc icm� "cxtcnded cuvcraga' und ar►y otDet haze��is,htcludin�
<br /> floods or flcmding.for wliich i cndcr requires insurunsc.This i��susnnce shall b�ma9ntnincd ln the tu�luunis u�xt f�r�he xserlcids
<br /> ttut I.ender requirex. The insurancc carrfer psovldtng thc insuranca ehai!be chosen by t�orrower subject tp I.�nd�r'e�}�ipmv�l ,.
<br /> which sh�ll rsmt bc unrcasonably withhofct. If&srrawcr fallr to maintain covcrage descxibod a6ovc. Lcnder muy. ut Le:nder's �
<br /> option,nbtain cove�a$e tu pmtext l.ender's rights in tho Pc+�perty fn saordarnce with p�rxgrnph 7.
<br /> Ap insurancc pnlic�les nnd rencwsls shull be acceptable to l.ende�and ehall ie�clude a standard mortgage c�ause. Lender
<br /> shall havc the rlght to hold tlft policles and renewals.If Lender�cquircs.Borrower slwll promptly give to Lender all caxipts af
<br /> patd prcmiums nnd ccmwal natic�.In the euent ot'loss,Bonawer shall givc prompt notice to tho�nsurance carrier and Iiet�der.
<br /> i.ender may makc proof of loss if not mude promptly hy Borrower. �
<br /> Unless Lender and Bornawcr athenviso agrce io wr(ting.insurance procxeds ahall bc applied w restoration or rr,�atr af tho
<br /> Property damaged,if the eestomtion or rEpair ia economic.111y feusible un�d I.ender's secwity is not lessenod.If the resWration or
<br /> repn9r ts not econamically fensible or I.ender's security wuuld be lessened,the insurance proce�ds shall be appiicd to the sums
<br /> ' sesutrd�by this Security Iastcument, wheth�r or noi then dua. with eny excess pstid ta 8otrower. if Horrower abandons th�
<br /> Froperty.or does not answer within 30 days a notice from I.ender that the insurauce carrler has offered ta settle a cleim.then
<br /> Lender may collect the insurance ptoceods. I.ender may use the praceeds to repair or restore the Aroperty or to ptsy sums
<br /> secumd by thia Secur�ty Instnunent.whether or not then due.The 30-day period w1U begin when the notice is given.
<br /> Unless Lender wxi Bormwtr othenvise agrne in writin�, any npplication of pcocceds to princlpal shall not exund or
<br /> postpone the due dute of the monthly payments refarred to in paragraphs 1 and 2 or ctumge the amount of tt�e payments. If
<br /> uader paragraph 21 the Pruperty is acquired by Lpnder.Borrower's rtght to eny Insusence policies and proceeds re.caldng frc>m
<br /> damage to the Property pria�to the acquisitton shall pass to I.ender to tha eatcnt of the sums secured by this Securiry lnstrument
<br /> immedtately prior to the aoquisltIon.
<br /> 6.O�xupane�,�reservuHon�Mafntenance aRd P'rotection of the Property;Borrower's T.oan Applicadon;Leasebofds.
<br /> Bomuwer shall occupy,establish,and use the Prope�ty as Borrower's principal residence wtthin siaty days ntter the exaut�on of
<br /> thls Secudty Instrument and shall continue to occupy the Property as Barrow�r's principal residence for at least one year after
<br /> the date of occupancy.unless I.ertder otherwise a�rees in writing, which�nsent shall not be unceasonably withhetd,or unless
<br /> extenuating circumstences exist which nrc beyond Borrower's control. Borrower shall not destray, damage or impair the
<br /> ' Property.�Ilow tha Property to deteriorate, or commit waste on the Property. Bormwer shall b�in default if any forfeituce
<br /> actlon or prncecding. whether civil or crlminul,is begun that in Lender's good faith judgment could result In forfelture of the
<br /> Property or otherwise mater�ally fmpaie the lien created by this Securlry Instrument or Lender's secudty interest.Borrower may
<br /> CUT2 SLLCFI II fICfIIUIf AR[I R!IDCtA1Pi AC�1TAV�lIPfI Ip�lT�({��('A�f�► �}I,by ca�ic�po��P ae�{„��,�pr.�ce�xliav to he di.smIsced wtth a ruling
<br /> that. in Lender's goad faith determination, prerludes forfeiture of the Borrower's interest in the Prapectyr or other materisl
<br /> impaimient of the lien create� by this Securiry Instrument or [.ender's security 3ntemst. Horrower shaU also be in default if
<br /> Bormwer,dur�ng the loan application process,gave muter�ally{'alse or inaccurate information or statements to Lender(or failed
<br /> ta provide I.ender wlth uny material information) in connection with the loan evidenced by the Note, including. but not limiee.d
<br /> to.nepresentations conceraing Borrower's accupancy of the Property as a principal residence.tF this Securiry Insttument is on a
<br /> leasehold, Sorrower shuU oomply with all the pmvisions of the Icase. If Borrower acquires fee title to the Praperty, the
<br /> leasehold and the fee tide shall not mer�e anless L.cnder agre�s to the merger jn writing.
<br /> 7.Pmtectton of I.ender's lttghts in the Propetty.If Borrower fails to perform the coven�nts a�id agreements contained in
<br /> this Secudty Insuument. or there is a legal pinceedtn�that may significantly uffect Lender's rights in the Property(such as a
<br /> proceedins in bankruptcy.pmbate. for condemnation or forFeiture or to enforce lAws or regulations).then I.ender may do and
<br /> pay for whatever js necessary to protect the value of the Propecty and I.ender's rights in the Property. L.ender's actions may
<br /> tnclude paying any sums secv�ad by a lien which has prioriry over this Securtty Insmiment, appear�ng in court, paying
<br /> reasonable attomeys' f�ees and entering an the Praperty to make repaIrs. Although Lender may take ectIon under this paragraph
<br /> 7.Lender does not have to do so.
<br /> Any amounts disburse�i by Lender under this para�raph 7 shall become additional debt of Borrower securod by this
<br /> Security Instrument. Unless Borrower und i.ender agree to other terms of payment. these nmoun�a shall bear interest from the
<br /> date of disbwsement at the Notc rate and shall be payable, with interest, upnn notice from I.ertder ta Barrawer requesting
<br /> �� payment.
<br /> S.Martgage Insurance.If Lender requimd mort�uge insurance t�s a condition of maktng the loan secured by this 5ecurity
<br /> •�.' Instrument, Borrower shall pay the pmmiums required to maintain the mortgage insurance in effect. If. for any crason, the
<br /> '«=;;a�° moR�age insurance rnverage required by Lender lapses or ceases tu be in effect,Boirower shall pay the premiums re�uired to ��
<br /> '';�'r:� obtain coverage substantially equivulent to the mortgage insurance previously in effect, at a mst substanti�lly equivalent to the `'''�
<br /> �-z' cost to Borrower of the mongage insurance previously in effect, from un s►Iternate mortguge insumr upproved by I.ender. If ���•�
<br /> ,�,��� ���;� substantially equiv�lent mortgage insurance coverage is not available,Borrower shul l pay to Lender each month a sum equnl to
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<br /> �x��_�,�;: one-twelith of the yc,�rly mongage insucance premium being paid by Borrower when the insurance mverage lapsed orceased to '
<br /> ..�4�±����•��° be in effect. Lender wiU aocept.use and retain these payments as a loss reserve in I i:u of mortgage insurnnce. Loss reserve
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