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<br /> b� ,;� • S. �aard or Frope4}-�I�. Borro�er sliall keep the impraveateats auw existing�I�re�ftez ereded on th� ,—
<br /> �.`�;=;.��`''- `" PraFenY insured against Iass by fire.haTards inciuded within the term'eatended,oa�,rerage'an�any atiter karatds,i�indiu$
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<br /> -.�4 ` I '`": `�' Qcods or floodiag.for wluch Leuder requims insvmnt�e.'ihis insur,.rtce sh�!{be tnairttttinc�in the aalounts and far the periods
<br />-`�� .. . . ..� 31
<br /> :_�. � •. � that Lender n�u�es.The insuranee�arrier praviding tFte insuranoe shall6e chosen by Borrow�r subject to Ler.der's a;cproval
<br /> -�=��i_:•�':,. ' :_•,. '. ; tvhict�shall noi be anreasoaably witbheld. If Bormwer fails to mairztain wverage descri6e�,abave. L,cader may. at I�nder's --
<br /> `��-`° � option;obt�n coverage to protect Lender's rights in the Property in ucoordanoe cvith paragragts 7. � .. . ,
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<br /> • Ali insnr�ce poiisies and oeene�vals shaq be accepta6te ao[�nder and shall inrtude a staa�ard� mortga;e eLwse. Ltkdet
<br />: � .- ,' � ' ; � shall have the right to hold the poliries and renewals.If I�ender nequi.t�es.Korrower shall promptiy give to Leader all ceoeipts of ,
<br /> ' �,. • 4 paid presniums x�td renewal notises.In the eveni of loss.Bnrrower shaU pve prompt aorice to the insurance carricr.�d Le�d�r. .
<br />_ --__ �•'<z :-_.,_ ::�--` . Lettder may make praof of toss if not made promptly by Rormurer. � .
<br /> .. � � flnless Lender and Horm�ver othenvise agee in wri�ing,insruaace proa�ds stialf tre appli�[o restora_tfon or repa3r af the
<br /> � .. Fc+nperty dama�ed,if th�e restaration or repair is econoausally feas�bte and I.�erider's s�riry is not i�.If the re5torauon or
<br /> ' . .` repair is not economically feasible or Geader's securiry would be tessened.the insatance praoeeds shall tre�plied xo the c��ma
<br /> ;.,� : ;. �t. .` .: ,,.• , secvred Dy this Seowiry tnsaument.whether or aot then due. with any excess paid to�orrower. If Borraarer at�andons dte ,
<br /> � • � Properry.or daes aot aaswer within 30 days a nodce from Lender that the insvraase ruri�r Ga.4 offerad tv sett�e a c�aTm,then
<br /> ` �'` �. �� � Lender may oollea the insurance pmceeds. Lencter may use the procecds to iepair or resto� the Property or to pay.swms
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<br /> sea�red by this Security Insmunent.whaher or r.ot then due:The 30-day period evil!begn when the n�tice is,given. ,
<br /> .� . . ' . Ueiless Lender and Borrower otherwise a in writin* tceation of to rittci al shal! aoi ea�teai ar
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<br />-. ,� ' - postpone the due date o;the monthtY Paymenu referrad to in Qamgraphs i artd 2 a�change the ar�sm q€t�e payrn�nts.If-
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<br /> . under paresraph 21 the Progeny is acquired by Lender,aflr[o�vet's tigl►i tfl aay incnrans?poliC[es 8ud pruccods ieSUlriIIg from .
<br /> � f, damage to the Property prior to the acquisition shalt pass to Lcnder w the extent of the sums sQCUred by this�ecurity Insr,�nt�
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<br /> �� � immediatety prioi to the acquisition. .
<br /> • �-•� • � ' . 6.Oeeupancy,�+esetvattoa.Maintenaaoe and Frotedlon of ttte Ptaperty;Bore+o�sxr's I.nan AppUcatIo�Leas+e�eOl�
<br /> 'y _ " • � Borrower shail.nonipy,esta8lish.and t�se the Propetty as Eomnwer's priitcipal msideuse within siaty daps a4�r thc exerution of .
<br /> ,. ' ., this Secasrity Ynstrument�ac:d-shall oontinue to�oeupy the Property as Borrower's pria�npa!reside;noe for nt Ieast bne yeaa a�ter
<br /> �, ; . .y.. tite date of occupancy,anlgss Lendu otherwise agr��s in writing,whicb oonsent shall aot bs urarasonably withlteLd.or uatess
<br />� .+� •` � ' •. , emeauating circurastances eaist which are beyond Borrower's contml. Borrower shall aot destmy. damage or impair the
<br /> . <:• . - ' Property.allotv the Property to deteriorate.or cnmmit waste on ths Property. Borrower sha11 be in defautt if any forfei�
<br /> - -- . . � ,action or proceeding.whether civil or criminal.is begnn that in I.ender's goad faith j�dgu�nt can�d resttit jn forFeiture of the . ..
<br /> " � .� �� Property or otherwise materially impair the lien created by thi,�e�rity Instnunent or Leuder's sewrity interest.Borrower tnay
<br /> • ' :.. . . `' cure such a default and reinstate.as provided in paragrapb 18,bv��sing tize act+an or proceeding to 6e dismissed with a rWing ,
<br /> . ' . . . �• that, in i.ender's good faith detemunation. prectudes forfeiture�;��f�,li�_.3�+:,n,�.l•.�r's interest in the Prnperty or ottter asaterial
<br /> . . .:. impairment of.the lien created by this Security.Instmmem or L�`��s'�iuity,uu,���t. �amnwer s�ail atso.be it�Qefaul6 if
<br /> $orruwer.during the loan application process,gave anaterially false�or inaccurate information or statements to i.ender(oz fa3led
<br /> ; � • � to provide Lender with any material information)in connection with the loan evidence�by the Note.inciuding;but not limited '
<br />� � - ', � ' , to,representations conceming�onowei s accupancy of the Properry as a prisicipal r�esidence.If this Security Insttument is an a
<br /> , � .; Iease8ol8. Borrocver shall camply with all the provisions of the leasc. If Borrower acquites fee tide to ttte Fmpeity, the �
<br /> • . � . [easehotd aad[he fee titte shal{not merge unless Lender agrees to the merger in writing.
<br />_. . • 7.Proiectton ot Lender's Rights in the Properay.If Borrower fails to perform the covenants end a�reements aontained in
<br /> ' •. . this Security Instrumeni.or there is a legal proceeding that may significantly affect Lender's rights in the Property(such as a
<br /> • , proceediag in bankruptcy.probate. for condemnation or forCeiture pr to enforce laws ar regulations). then i,eitder may do and
<br /> _ ' . pay for whatever is necessary to pratect the value of the Property and Leader's rights in the Property. Lea�er's astions may
<br /> . • ; � . include paying any sums secured by a lien which has priority over this Security Insuument. apFearing in oontt. paying
<br /> � • reasonable attomeys'fces and cntering on the Property to make repairs.Althoagh Lender may take actlon under this paragraph
<br /> ' �. � 7.Lender does not have to do so.
<br />-` .• Any amounts disbursed by L�nder under this paragraph 7 shall become additional debt of Boaower secured by this
<br /> ';,-'.-: •• Security Instrument. Unless Borrower and l.ender agree to other terms of paymen�these amounts shalt 6e�r interest fmm the
<br />-- ' • ". `. �. - date of disbursemend at the Note rate and sha11 be �ayable, witb interest, upon notice from Lender to Borrower req�estin�
<br /> - �;: �. payment. --
<br /> " . � � 8.Mort�ge las�n�aace:If Lender required mortgage insurance as a conditian of making the loan secured by this Security --
<br />-'.,� '� . . Instrument, Borrower shall pay the premiums required to maintain the mortgage insurance in effe�;t. If, for any rea�on, the —
<br /> .� . mortg3ge insurance wverage reyuired by Lender lapses or ceases to be in effect.Borrower shall pay the premiums required to
<br />'- 'i'��;s�.• , , obtain wverage substantially equivalent to the mortgage insurance previously in effect.at a cost.substantially equivalent to the • -
<br /> ;� � . � cost to Borrower of the mortgage inssa�tce previously in effect.from an altemate mortgage insurer approved by Lender. If =
<br /> '`� , � substantiallg equivalent mortgage insnrance coverage is not available.$orrower shall pay to IPnder each month a sum equal to -
<br />". : one-twelfth of the yeazl y mortgage insurance premium bein�paid by Borrower when the insurnnce coverage lapsed or ceased to _
<br /> �' � � �e in effect.Lend�r witi aeaxpt.use and retain these Qayments as a loss reserve i.n lieu of mortgage insurance. Loss reserve
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