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<br /> �. Hiisitrd or Pie+opaty Inauranoe. Bonowcr�hdl kecp the improvements now ex tiag or henafter erecied o�thu �.:_-
<br /> property insund�gainat loas by fire, h�urda laciuded within tbe term'extended oaverage" etcd any othes dazuds. tacluGia� _
<br /> tiood�or Qooding,�or which Lender nquirca inswusce.'Thb insutaaca aha1�h°tn�inuln�d�n the artwunta and for the periods _ -
<br /> thit 1�ender eequlres.Tho ituuriurce carrler provlding the iasuru�oe ah�ll be chosen by Bomower subJect to l�ttdet's�ppmval ���
<br /> wbtch��II��ai�:uar�asonabfy r�lthhetd• If Sorro��er fn�la eo mnintein coverage dacribed a6ove. Le�dcr aaAy.at l+endar's ��--
<br /> up�ton.obutn c�vera=a to protea La�der'a d�!►w in tl�e P�tope�ty in acoordance witd puagt�ph 7.
<br /> All tnauranu poltcies md reaewat�ah�li be�axpublc to Lender�nd�hat1 taciude a�w�dud aart�ige ciiuso.�ender _
<br /> t1u11 dave tha N�ht to hold tbe poli�lea md m�ewaU.if Lender requina�Borrower dWl pmsnpdy give tn I.eada�11 reoaipts of =
<br /> patd Qnm(ums and�wsi tptlees.Ia the�veat oi loss.Borrawer�hatl glve prompt eatioe to the inauranx cutier utd L�nder. N
<br /> Lender pny auLoe prcoi of loss U aot tn�de promptiy by Bor[ower. —
<br /> Unleu Lsssder�ad Sonowa olbsiwlae agrce ta writing,inaurana pmaed:�hall be ipplied to nsuratton or cep�ir of the
<br /> pcopeety d�gcd�if the testoradou o:repair ls oconamic�lly feasible and Leader'�sacudty la aot lawtod.If ttie aicontien or -
<br /> rq�air is aot ecoaomically feaslble or LeaQer's�ty wonld be lesseasd.tea insuranoe prooecd:sh�lt be ippllcd cn tha swaa
<br /> �u�by this Sccuriry Insuument. whether or not then due.wtth uiy ea�aeas paTid to 8omnwer. If Borrower tbaudoae the
<br /> P[opaty.or does aot ayswer aritbia 30 daya a nodoe fram Leader that the iasur�nce ca�ier 1�offered w seale t cUias.thea
<br /> L+eader m�q► oollect tha insur�aoe pr0000ds. U�der uyY �se the pmaeds to :ep�3r or reston tbe Prcpeity ot to pry tums
<br /> �eeurad by this SeaultY Iasaumest.whdLa or aot thea due.The 30�day pertod wUl bc�in when t6e mtiae U atvea.
<br /> UNesa Lender u►d Hoimarer othawls�ag�ee In writin8. �Y aFPltcado�of p�e�ds to prin�gr! ahall not extwd or �
<br /> postpone the due dau of the monthlY Payu�eats nfemeA to ia p:ragraplts 1�ad 2 or c2�nge the�ntouct of t!u prymeata.U ander
<br /> P�B�Ph 21 the Ptoperty is seq�ired bY Leada. Borrower's dght to a�qr insuranoe poHcla md pmoeWa tsulting fmm
<br /> dAm�e w the Proparty Prtor w the scqiildtion ehall pass eo Leadec to the waeat of tbe auw�ucured by this Secudry Inatsumeat
<br /> immGdlately prlor to the�oquiaitioa.
<br /> 6. Ocwpuuy. Pfraa�atloM Matatmanoe and P�+ota�ion ot tbe AropaRyi �a''s Loan Appllcattoni
<br /> Laselald�.�omowa aball oaupy.est�blDah,md use the PropeYty�s Botrow aa•Bop trow b �nct alp ra�deaoe far a�t le�st onee
<br /> wcecudon of thia Saur[ty I�tcument and sh�ll aoatinue to oocupy the Pe�openY
<br /> � yeu�Rer the due oi ooacp�nc.y.�mless Leader otheraise agroes ta writing.wl�ich aonsent shall not be u�easonably witbheld.
<br /> ar untesa�wuia8���mstancea�x�st wbich an beyond B�oicowa's aont[al.Banowu aholl aot dastroy.dsmi8e or imp�ic
<br /> We Psopaty.allow�he Propc�ty w detuiorate.or commit wssu on the Property.Bacrower�aU be in defiult if my forfelturo _
<br /> acxton o:procading�wi�aha civit o,r u�s.is s�sh� �s t�a:�faisb j���!*�t cn farfe3ane or the ., _
<br /> pn�perty or oshe:wise��rltlly impatr the liea c�eu�ed by this Saurlry Insuumeat ar Lender's seauiry intenst.Borrower m�y
<br /> cura auch a defiult aud reiast�te�as Provided in Puag�aph 18, bY ausing the acdoa or praooeding to be dtemiascd with a n�1in8
<br /> t6at.in Imder's good hith deteimin�tion. Presludes forfeiture of tha Boirower'e interest ia the Pmprsty or other mue�l
<br /> imq�irment of the lia►ctated by thia Sewd1Y Iasuument oz Leadu'a aoauity iatere�t.Bontowu sluU dso be in default if
<br /> Bo:rower.duriag the loan�pplis�tion pt�ooess.asve avuerLlly false or ituoaaatc iafotm�don or:tatemtats to Lmder(or fiilad
<br /> to pmvlck Leader alth�ay mat�erl�i Woimadoa)ia�o�ccN�n with the loan evideaood 6Y thc Nou,iacluding.but aot limited
<br /> co�reprexautioas aoxe�g Bosmwec's oxu�ancy of the E�roperty�a prindpal resI�eax.It this Securlry Iasaumeat is on a
<br /> tasdtold� Borrower sh�il aomply with aU the pmvisioas oi the lease. U Bomowa acquica fee tide to the Prepmty. tlie
<br /> leuehold�nd Wa fa ti�le ah�U nos merge aaless�enda agms to the merger ia writiag.
<br /> 7. l�+oicdton di I.ender'a RiS6W tn t6e Propaty.IP Bomower fAtla to perfotm the uoveasnts aad�gc+eemeats oont�
<br /> in this SaurIty inatiumeat.or thtre b a legal praeeding that may aigaiRamtly tffe�x Lender•s righvs in the Ptupeccy(sncb as�
<br />--. prooeeding in b�nlauP�Y•PT��•for oondsmnation or farfeiture or to eaforce lawa or reguLdoas).thea Lrendec ao�Y do and
<br /> p�y for wbuever is aooessuy w protax the value ai the Propeny and Lepder'a rights in the Pmperty Leadex'e aatons tnay
<br />- i�Clude payi�tg Any sums �ocured by a liea which has prio�ry ova tbia Saourity Insuttmeat. appadng in oo�ut. PnY�B
<br /> [aionable attomeya'fees and e�ptcria8 on the Property to�ake rcpaira.Atthough�.ender mry tete�ction u�der this paragcaph
<br /> 7.Leader daes not bava w da sID..
<br />- My�mouats diabur� by J�udu �nder th[a parag�aqh 7 shall beoome add(ttonal debt o!Bomower aaured by tbis
<br /> - Sccurity Insuumrnt.Unlesf 8ore�ewer aad Le�der agroe co other tera�s of{►ayment.these ama�nta shs1I bear interest from the
<br /> due oi disbuesement at the Note rau�ad aiWl be psyable. with iateres�upon aodoe from Lefl4�to Barrower crquestlag
<br />- 1�yuuw�. .
<br /> - 8. Mostgage In4uranoe. If Lemdar re4uired mortBeBe insuraaa as a oondimi�n of m�king the loaa uwred by thia
<br /> Socudty Insaumeat,Somower ah�il pay tha�remiums requir�ed to maint�ia the mo�pige inswanoe�a eftect.�f.for any reason.
<br /> _ the mertg+�e insui�u�oe aoverage requircd by Lender l�ses or aases to be ia effec�Bonower aha7�pay the pt�emtu,ma�+equircd
<br /> eo obtaia oovuege substantivlly equlvalwt to the mortgage iasuranex pr�viously in effsct, at a oost substuttlally equtvaleat to
<br /> the aost w Horrowa oi the mortgage insuraaa prevtously ia eftax.ftom aa Nternate mortgage insurcr o�pproved by Imder.Et
<br />- substmtiaUy e�Ulv�lent mortgagr insui�aoe oovenge ia afli avaitable�Borrower ahall pay to Lmder eadi month i sum equal to
<br /> one-twelfth of the yearly mortgage Insurar�oe presnium�W6 Paid by Barrower whsa the insurance oovcr8,qe I�upsed or oeasal w _
<br />� be ia effoct. LsnQer w111 aoxp� use ntd retxin these paynteats as a lass nserve in lieu of anortgage insunnce.Loss�eseeve _
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