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<br /> S. �Is�t�d er Prnperfy I�uranct. Ho�rower sha11 keep ths iroprovemerts ��ow existle��or he�eaf�e� or� thc
<br /> Pr���crtv Insur�l against lass t�y Grc, iia�.urds inclwdcd wlthin th�.tcrni"cxtcnard c�vcragc"and nny othcr I�au+rJs, irxludfng
<br /> fl�g ur fl�ina.CfJ!WIliCI3 1 nevinp rFn��ire.c insurance.TItfS�tfSilCACtCO 61LZII 6C 111IIIl1W�1tM� JIt t�1Q Q►1HWt1IS AI'itI f(�t lIIC[kiitlds .
<br /> th�t Lcixter rr.quires. The insurance G•rrrler providing the insurance shall be chdsen by Borrower subJect t��i-�nder's a�vr�
<br /> which ahatl rtot be unre�onably withheiu. �f Borruwer fuils to mAintaln coverage cfesecibed ubove. l.ender may. nt l.ender'g
<br /> option.obtain coverage to protect l.encier's rights in tho Properiy in accorKta�co with paragraph 7. .
<br /> All insueunce palicie.g and renewals dhull bc ucceptable to I.ender usxi shtdl fnclude a standurcf m4rtgago clause. [.erxier
<br /> �shaU have the rlght to hold the policjes and renewals. If l cnder cequlc�s,Burrower sha11 pramptly give w Lt�nd�r all reteipta af
<br /> patd pmmlums and renewul notices. In tho event uf loss.Borrower shs►tl give prarnpt nmtice to the in.�mnce c�rr[er and x.ender.
<br /> Lender may mc�ke proaf af loss 1P not made promptly by Borrawer.
<br /> Unless[.enQer and Borrower otherw(se agree tn wr[ting.insurnnce pmcee�s ahall be applied to resWratlon or repnir,of the
<br /> Property damnged.if the restorndon or repair is econamicaily feasible und Lender'fi secu�iry ls not Iessenal.lP th�restoration or
<br /> repair ts not economically fcasible ar[.ender's serurlty would be lessened,�he fnsurnnce praaeds shalt be ap�►liecl co cho sums
<br /> secured by this Secur�ty Instrument,whether ar nat then due, with any excess paid to Borrawer. If Bom�wrr abwWans cha
<br /> Property.or dces nat answer witliiu 30 dnys u notice from[.ender that the insurance currier has offered to settlo a cluim,then
<br /> L.ender may callect the insurance pcveeeds. I.ender may use the procoeds to repair or testore the Property or to pay sums
<br /> se�ured by this Secadty Instmment, whether or n4t then due.The 30-day pedad wilt begin when the nodce is given.
<br /> Unless Lender and Borrower othenvise agree in wcitin�, uny upplicatton of pmceeds ta prinelpal shall noi extend or
<br /> postpone the due dute of the monthly payments referred to In paragraphs 1 and 2 or change the amount of the payments. lf
<br /> undcr paragraph 21 the Property Is acquired by Lender.Borrower's right to any insaranc.��licie.g and proceeds resulting from
<br /> damage to the Property prior to the acquistdon shall pass to I.ender to the extent af the sums secured by this Secwlty Yastrument
<br /> immediately prior to the acyuisition.
<br /> '•-"°� 6.Occupancy,Preservallon,Maintemm�ce and Protection oP the Property;Bornower's Loan Appllcationt I.easehold9.
<br /> 3 Florrower shall occupy.establish.sind use the Pmperty as Borrower's pr�ncipal residence within sixty duys after the exocution of
<br /> ' =� this Security Instcument and shall continue to occupy the Property as Borrower's princ[pal residence for at least nne year after
<br /> the date of occupancy. unless Lender othen�vise agrees in wrlttn�.which wnsent shull not be unreasonably withheld,or unless
<br /> extenuating circumstances exist which are beyond Borrower's contral. Borrower shall rtot destmy. damage or impair the
<br /> ��.�`• ` Property. allow the Property to deteriorate. or commit waste on the Property. Borrower shell be in default If any forfeiture
<br /> �.?��.�,s,;_, action or proceerling. whether ctvil or criminal. is begun that in i,ender's gaod feith jud�rnent could result In forFeiture of the
<br /> „�„_,;V�yS� . Property or otherwise matedally impair the lien created by this Security Instrument or Lender's security interest.Borrower may
<br /> cusc such s defsslt snd relsssses�,as previds�in�+ar�r��+h is,hy cuu�inv the action or proceedinc to be dIsmjssed wlth s ruling
<br /> . �--;�,+��,;'�;'•+� =%�° that,in Lender's good fuith determination. precludes forfeiture of the Borrower's intemst in the Property or other matedal
<br /> � "`f'-�="''`�'�''�'°' im atrment of the lien createcl b this Securi lnstrument or L.ender's securi interest.Borrower shalt also be in default if
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<br /> �.';�'�r�•,,.-:=���"i'�• Borrower,during the loan application process,gave materially false or inaccurate information or statements to Lettder(or fi�iled
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<br /> -;s;°•"s�`=;.'}�f;�. to provlde L.ec�der wlth any material informution>in connection with the loan evidenced by the Note.includin�.but not limiled
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<br /> �: ';�� •: •.,��r,y t . to. representations conceming Borrower s occupancy of the Properry as n prinetpal residence.If this Security Instrument is an a
<br /> `��k��r���'�'��'`'r��'� `�1' leasehold, Borrower shall rnmply with nll the provisfons of the lease. If Bonower acquims fee title to the Property. the
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<br /> ;�;. � leasehold and the fee titte shall not merge unless Lender agrces to the mer�er in writing.
<br /> � n �"���`,�!tl"'' 7. Protection of Lender's Ri�hts in the Property.If Borrawer fuIls to perform the covenants and ugree�nents contained in
<br /> .4rn�w ar+s,�•,M4 i jsj:Y's�
<br /> �.s�j,`,•��,r,-;.,�`,.,�f this Secudty Instrument, or there is n legnl proceeding that may slgnificuntly uffect Lender's rights in the Property (such as a
<br /> ,:;,;..;::. j:s;1 _ proceeding in bankruptcy, probate, for condemnation or forfeiture or to enforce laws or regulatIons).then L.ender may do and
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<br /> u�;�,��•�:.���_�-.`.' •-• pay for whatever is necessnry to protect the value of the Property and L.ender's r(ghts in the Property. Lender's actions may
<br /> ''`'�'"'"°&�' • include paytng any sums secured by a lien which has prlority over this Securiry Instrament, appenring in court. paying
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<br /> •„�,.w�•.,,,- _ •��;., , reasonable attorneys' fees and entering an the Property to make repairs.Althou�h Lender mny take action under this paragraph
<br /> • !��•�� 7,I.ender does not havc to do so.
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<br /> Any amounts disbursed by Lender under this paragraph 7 shall become udditionai debt of Borrower secured by this
<br /> '_ � Secuaty Instrument. Unless Borrower and[.ender agree to other terms of payment, these amounts shull bear intemst from the ,
<br /> �� •� dute of disbursement at the Note rate rand shall be payuble, with interest, upnn notice from I.ender to Borrower requesting i
<br /> .. ' ',, payment. �.�r:.
<br /> �x�•' � �"' 8. Mort�age Insurance. If L.ender required mortgage insurance ss u cundition of making the lonn sccured by this Securlty
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<br /> - ';j•; Instrument, Borrower shnll pay the prcrniurtu required to maintsun the mortgage insurance in effect. If, for any reason. the
<br /> �";�p'•' ' mortga�e 3nsurance covera�e required by Lender lapses or ccases to be in effect.Borrower shall pay the prem9ums requlred to
<br /> :��� �, � obtaia covera�e substantiulty equivalent to the mort�age insurance previously in effect, at a wst substantially equivalent to the
<br /> cost to Borrower of the mortgage insurance previously in effect, from an alternnte mortgage insurer appmved by I.ender. If
<br /> � '� • substantially equivalent mortgage insurance coverage is not available. Borrower shull pay to Lender each month a sum equal to
<br /> • �. one•twelflh of the yearly mortgage insurance premium bein�paid by Borrower when the insnrancc covcrnge lupsed or ceased to �''
<br /> � _ be in effect.I,ender will accept,use and retain these payments as a loss mserve in lieu of mortga�e Insurance. Loss mserve
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