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<br /> 4.�fre.�'lood and Qlher Ha�ed i�ur�e. Bormwcr ehall tenure all impmvamenta an the Property�w r now in
<br /> ewistetx:.��te�ubsCquc.n.tly �rCCte�1. ngai�tst nny hiu.�►rds.casunitiex, :u►d r,ontingencie9,ie�►clnding fire.for which I.tnder raquires .
<br /> insurance. This insur�nce shall Ix maintained tn thc umounts ancf for the perivds dwt l.i.'rn1r�� ���c1°ic�s. L°no�:�r sha11 .d^!,
<br /> ins►nre all improvements on the Property,whethet'now In extsunce or subsequahtly erocted. again�t�ags by floacl�lcirs�and ady
<br /> cequiral by the Seerctssry.A11 insurance shail be cardal wlth compat►ies aPPmved by i.eader.The insuranc�po
<br /> renawals shall ba held ay i,ender and shall includa l�ss payable clauses in favur af,nnd in a form acceptable to,�,.ender•
<br /> tn thc evcnt of loss,Bosower Ehall gtve L,cnBer immediau notice by meil. Lender map muka Proof of loss if not mude
<br /> promptly by Bomower.Frach insutance•compatty cancerned is hereby sutUorized and ditxted to malce pay�y be�pl od by
<br /> directly to Lender.instrad of to Horrawer and to I.ender Jointly. All or uny part af the insurance proceeds
<br /> I.ender. ut its aption, eit�er(a)to the reductton of the indebtedness under thc Note and this SectuitY Instrument, first to any
<br /> delinquent emounts applied in the order in paragraph 3; and then to prepayment of pdncipael.or(b)to the xestoration or repair
<br /> . of the damaged FnopertY. AnY �PP��4ioA of the procc:�ds to shs p}'Fnclpal sh�ll noe exrend o:�ostgone tfia due datc of�he
<br /> inonthlY paYments which are referced ta In'¢aragraph 2,or eha�ge zha amount of such paym�nys.�d#inV���h ����°��
<br /> 'Qver at�tuno�nt requiral to pay all ot�tsia�ding ind�tesiness urltTerxhc Note and tbts Secuf�t9 _. , • . . : _;;• --
<br /> .eqtity legut�y'4ntieted thereto. , , �:',:'
<br />� In tho event of fo;erlosure of this Secudty instrument ar oil►er uansfer of dde w the PmpertY tlwt extinguishes the —
<br /> � tndebt�dness.aU ri8ht.title and interest uf Borrawer In and eo insurance policies in fotce shall pass w the Purchaser.
<br /> i
<br /> � Borrower's Loan Appllcation;
<br /> ; S. O�cuP�ncY, �reservAtion. Maintenance and I'mtecdon oi the PropertY;
<br /> I�holds. Borrow�r shnll occupy. �tabliah.ond use the Property us Borrower's principal residence withia sGety days after
<br /> the executton of RM�Secudty Instrument and shull cont�nue to occupy the Praperty as�om�wPr'e principal residertre for at la�st
<br /> one ycur atkr the date of occupnncy. unless the Serretnry determines thls rcquirement wfll cnuse undue hardsNip for Borrower.
<br /> or unless extenuuting circumstances ext�t which nm beyond Born�wer's control. Borrower shull notify I.endcrs of any
<br /> exunuating cir�vmstam'ca. 8��'a��x��!not c�o�ss�lt wa�re or destroy.dnmaBe or substanlially clwnge the P�P�syv�ant�or °
<br /> lf the «
<br /> � the pmpertyr to deteriors�te. reusonnble weur und tcar cxapted. I.ender may inspect the Property �
<br /> , abandoned or the loan is in defnult. Lender may take reasonable uction to prouxt and preserve such vncfust or abandoned
<br /> , Property.Bonower shal I also be in default if Borrower.during tha loan npplication process.ga�e matedally false or lnaccurate
<br /> � infomwtton or smtements to Lender (or failed to provide Lender with unY mater[al infora�ation)in connecdon with the toan _
<br /> evidenced by the Note, inciudtng.but not lirtdted to. representadons concemin� Borrower's occupancy of the Prnperiy as e
<br /> princ;pa! residence. If thls Secarity Instrument ie on a leasehold,Borrower shall c4mply wlth the provisions of tha lease. If
<br /> Borrower ucquires fee title to the Property.the leasehold end fee title shell not be merged unless Lender agrees to tho merger in
<br /> wridng.
<br /> 6.Charges to Botrower and ProteMion of Lender's Rights in the Property.Borrower shaq pay all govemmontall or
<br /> municipal charses, fines and lmpositions that are not included in paragraph 2. Borrower shall pay these obligations on time
<br /> _ directly to the endty which is owed the payment.If failure to pay would adversely affe�t I.ender's interest In the Property,upon
<br /> Lender s reyuesc Sorrower shnll prori�pdy fumish to Lender receipts�videncing these payirnents.
<br /> If Boreower fuils to make these payments or the puyments require�by paragraph 2,or fails to perfurm any other oovenants
<br /> and agrecmenta conteined In this Security lnsttument,or there!s a legal proceeding ttzat may signIficandy affect I.ender's rights
<br /> tn the Pcoperty(such as a proceedin�in bankniptcy,for condemuacion or to enforce laws or nguladons)includin ndar me t of
<br /> and pay whatever is necessary to protect the value of the Pmperty and 1-ender's rights in the Propecty, 8 P Y
<br /> ta�ces,hazerct 6isurance and other items menrioned tn paragraph 2. L
<br /> Any amounts disbu�e�punts shall rbear in��c fpro the dnte af d bwsernentt at he Note rat e and at�che opti�on of
<br /> this Secudty Insuument.
<br />=� L.ender.shai!be im�nediately due and payable. �
<br />. . 7. Condemnution. The proceeds of u►Y award or cluim for damages, direct or consequcntial. in connection with tu►y
<br /> condemnation or other taking of any purt of the Pmperry. or fur conveyance in place of condemnadon.�atr h�reby assigned ttnd _
<br /> -- shall ba paid to L,ender ro the extent of the full wreount o f t ho in de b t e d n e s s t h a t r e m a i n s u n p a t d u n d e r t h¢N o t e n n d this Secu�I t y
<br /> Instrument. Lender shall apply such proceeds co the reduction uf the indebtedness under th�Nota and this Secudty Instrumzent.
<br /> �rst to any deiinquent unounts applied in the onter provided in ptuugraph 3,�nd then to prepayment of principnt. Any
<br /> Qp licatIon of the procceds co the pr�ncipal shall not exiend or postpone the due date of the manthly payments, which ere _
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