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<br /> S. Hazard or P�perty In:�urtence. Aar�awer �I�nll kccp thc improvementR r�ow cxisting nr hereufter emcted on the
<br /> Pmpctty insurcd i�guin�;t loss by firc. hurz►rdx inrludcJ wlthin thc tcem "extcndcd cnvcn�Bc"und cuiy otitcr haaArdy. including
<br /> ilocKly or ticx�ding,far which G:ndcr rcquircx insurcutc�.7Y�iy h�wunn►cc rh�►II tr��wlntolncd in thc cimnunts und far the perlala ...
<br /> thnt l.cndrr�equirc�. 'I'ha fnaurunrc rs�nicr pruvWing tF�u inaurnnca hhull ho chnsen by Snrrowrr subjcrt tu I,endcr'h npprovul
<br /> whicil EIUIII IIOI I1Q unm,�s��riubly w{thNcl�i. If Bnrcuwcr fuNx ta nmintaia a���tu�tc dcsc�lhed uhnvc, I.cndcr muy, ut L�:ndcr's
<br /> aptkin,obtuln covcaigc t�i protcct I.cndcr's righta In thc Pruperty in t�ra�rdunrc�vith pAnigrupi9 7.
<br /> All insueuncc pc�tictcy iui�1 rcnewuln xhull ho nc�cpiable tu l.cndcr anQ �hol! include c�xtandaN mortguge cluuhc. Lender
<br /> ehul! huvc thc rlght to hoW thc pc�licics nnd renc.wniA, lf t�cndcr rcyuires.8urruwer yi�ull prumptly�iv�tu I.�:nder nA rccclp�ti of �
<br /> pald prcmiums a�Td renewal notices.in thc cvcnt of loss. �Borrower shail�ive prompt notice to the insurance carricr ar,d i.ender.
<br /> Lcnder may muke pmof af Inss if not made promptly by Borrawer.
<br /> Untess Lender und Borrowcr otherwise agreo in w�iting,in�urance proc.eeda .�halt be upplied to restoration or repafr of the
<br /> Property dwnaged,if the restamtion ur rep�ir iF ecanumically feaslble and lxnder'a secudry!s not lessened.If the restarution or
<br /> re�tir is not economicuily fe,usibio or Lender's isecudty would be lessened, the insumna:proceeda shall be applled to the sum.g
<br /> secured by this Securtty Instrument. whether ar nat then due, with any excas paid to Borrower. If Dorrower abandons the
<br /> Propeny, a�doe.c not answer within 30 daya a notice from L,ender that the insurance cacrier has offered to settle a claim,then
<br /> Lendet may collect the insurance procee�s. L.ender may use the proceedR to repuir or restore the Property or to gay sums
<br /> secured by thie Securlty Tnstrument,wheihor or not then due.The 30-�tny pedod will begin when tho notI:e Is given.
<br /> Untess Lender and Borrower otherwlae agre� in wrtting. uny application of pmcceds to principai shail not extend or
<br /> postpone the due date of the manthly paymen�c c+eferred to in pamgraphs 1 end 2 or change the amount of the payments. If
<br /> under paragraph 21 the Property ls acqulred by Lender. Bonower's right to any i�surance policies and praeeds resulting from _
<br /> demage to the Property prior to the ucqu3sidon shall pass to Lender to the extent of the sums secured by this SecurIiy Insttument
<br /> immediately prfor to the acquisitlon.
<br /> d.Ucea{�aney.PreservaUon.ii�7aiateawnue u.tai 1:atettior�a:i�s�Q'en�ty;Barroe�er's l.osn ApF�tcaHon;L�crl�nld.o.
<br /> BorrQwer shall occupy,ectabltsl�.nnd use the Property as Borrower's principal resldonce within sixty days after tbe execation of
<br /> tiiiia Securlty Instrument und shall wntinue to accupy the Praperty as Borrower's principa! residence for at least one year after
<br /> the date of occupancy.nnless I.ender otherwlse ag�+ees In wriring,which consent sha�t not be unrensonably wtthheld. or unless .
<br /> extenuattng cin.umstances exist which are beyortd Borrower's conuol. Sorrower shall not destroy. daraage or iaa�air the
<br /> Property. allow the Property to deterlorate, or comrnit wastc on the Property. Borrower shall be in default if uny iarfelNre
<br /> action or pinceeding. whether civil or srlminal.is begun that in Lender's good faith judgment wuld resutt in,forFeitara of the ,
<br /> Pmperty or otherwise mater�ally impair the tien created by chis Secur�ty instrument or I.eader's aecurity inierest.Borrower may '
<br /> aue sucla a defouit and reiastate.as provided In paragraph 18,by causing the action or proceedtng to be dism}sse�l wtth a tuling
<br /> that. in l.ender's good faith determinatIon. precludes forfelture of the &►rnower's interest in the Property or othet mnterial
<br /> impairmant of the lien created by thia SecwIty Instnunent or Lender's security laterest. �orro;�er shall also be in defawt if
<br /> Borrower.durIng We,loan applic�aUon process.�ave mutedally fulse or inaccurate information or statements to L.ender(or failed
<br /> W provide Lender with any mxtedal infortnation)in connectIon with the loan evIdeaced by the Note,iaoluding.but rtot!Im[ted
<br /> w,representatlons rnna:rnins Horrower's occupancy of the Propacty as a princip�l resldence.If this Security Inst�ument is oa a
<br /> leasehold. Borrower shall•oomply with ull the pmvisions of tha leasa. [f Bornuwer acqui�es fee title w thB Property.the
<br /> leasehold end the fec title shal!not merge unless Lender agr+ees to the merger inwriting.
<br /> 7.1'rotectton ot Lender's Rights in the Pmperty.If Borrower fails to perform tho oovenants aad sgraments ooatained in
<br /> this Sxiuity tnstmment.or there is a legal proa�edIng that ma�r aignificantly affect Lender's rights in the Ptopetty► (such as a
<br /> prooeeding ln bankruptcy.probate, for rnndemnutlan or forfetture or to enforce laws or reguladons).then L.eader may do and
<br /> pay for whatever is nec�ssary to protect the value of the Ptoperty cind LendePs rlghts In the Prop�rty. Lender's acduns atay
<br /> include paying eny sums secured by a lien which has pdority over this Socurity Instcument. nppeariag in coutt, puying
<br /> reasonable attomeys'fces and entering on the Property to muke repairs. Although Lender rnay take a�ction urdet this paregtxph
<br /> 7,L.endar does not have to do so.
<br /> My cunounts disbursed by Lender under this para�rnph 7 shall become additlonal debt nf Borrower secured by this
<br /> Socurlty Instrument. Unless Borrower and Lender agc�ec to uthtr terms of payment,these sunounta shali bear interest from We
<br /> date of disbursement at the Note rnte artd shall be payable,wit6 interest. upon notice fmm I.ender to Bamower requating
<br /> PaYmait.
<br />. 8.Mortgq�o�nsa�ance.If i.endcr required mortgage insurance us a conditton of making the loan secunad by this S�urity
<br /> �. Instr�mant, Borrotiver shal!pay the prEmiums required to maiatain the moRguge insurance in effect. 1f. for any rc�ason,the
<br /> mortgng�insurance covera�e rhquiced by I.ender lapses or ce�ses to tw!n effect. Boemwei•shall pay the premiums nequired to
<br /> obfain rnvprnge substantiully equivelent to the mortgage insurance previously 1a effect,at a cost substamially equivalcnt w tha
<br />` , cost to Borcower of,the mortgage insurance previously in effect. from an alter�ute mongage lnsuu+ar approved by Lender. If
<br />- substantially equivaleut mortga�e insuranca rnverage is not availabte,Bo�sawtr shail pay to Lender eacA moath a surn equal to "
<br />` ot�-twelfth of the;�es►rly moctgage insurance pcemiwn betng paid by Borro�Er whee ihe insurance oove,i�qe lapsed or ceased to '
<br />� 6e in effect.L.ender will aocept.use and reteln these paymenu cis a loss reserve in lieu of mortgnge insurance. L.oss ,raerve
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