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<br /> , � ,< S. E?amrd or Pcop�aty Insu�snce. Borrower shalt keep the, improvemer�s n sting or ereafter erect�d on th�
<br /> _; °'.<�,'�, �PropertY insured again.rt'toss by fue.ha�ds inctudeA within the term "exteuded covetage", and any other hauad�,including
<br /> -�- �"_ - Sunds nr flnnding.for wAich t.ender requires insurance.79�is iasnrance shall be�atained ia the amouats and for the p„riods
<br /> �� � :� _ that Lender requIres.T6e���r�ce carricr providing th.. insurance s6a11 be�osen'by Borrower su6ject,to Lender's approval
<br /> �`��'•� wliich shall not 6e unreasona6[y �vithheld. If Borrower faits.to maintsin ooverage described above. Lender may.at Lender's
<br /> °"'------ . . _ o�tion-ohtain coxerage to.Fmt�t l�d�t's riP,�ts_in.the Properly in arcordance with paragraph 7. �
<br /> �' . AII iasurat�e policies and renewals shall be aoceptable to I.euder and sIta11 incTude a standard niurtg�age ci2u� �er.� _ �: .
<br /> �.....�.s:...,. _ '_ f':' ,
<br /> '.„ ° shaU dave the right to hold the golicies and r�ue�vaLs.Yf Iander ieqitires,�orrower s;iall pnompdy give to Leader a11 receipts of , --
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<br /> � `'�� �- :'���:;.� paid premiu�and ceaewal n�tices.In the eveat of toss.Boirower shalt give pmu�pQ nodce to the insazance carrier and Leadei.
<br /> =^, �a�. `? L�eader may�ake ptoof of ioss if not made pma►PUS+bY Borro'wer. . . �`;
<br /> -.'}•: > ' .. Unless Lender aail BorrQwer ot�erwise agree in writing:insurano,°,pmceeds shall be applied to cestoration or repair of We
<br /> ����' Pr�erty dainaged,if the restoration ar repair is economically feasible�nd Lender's securiry is not tessened.If the restoration ur '
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<br />.`,�,; ��`'-"' repair is not ecanomicslly feasible or�I.Qnder's security woutd be tessened.the insnranoe pmceeds shall be applied to ths sums -�`•-
<br />'`��=�,. •�:`�``''.-;. secured by tivs Security.Instrument, wh�her or no!then dne.anth ar4+excess Paid t�8mm�arer. If Borrower abamdons�he �:-
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<br />-���?���'"�` . � ptaperty,or does not aaswer within 3Q days a norice from Lender that the ins►uance cazrier has offered to settle a ctaim,.then
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<br /> .'�`�., �..; ,, . ;' Lencier may collett the insivai�ce proceods. L�nder may ose tlie proceeds to repair or r�store the Praperty or to pay sams
<br /> `_�;:';'�r �,���;� - secu�d by t6is Securicy Insbnunenl.whether or not lhea due.'1'he 30-day period adll begin.when the notice is glvers. ��%
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<br /> _ .°_ , .U n l e s s_L e n d e r..az W_Ba�t mw�c..o.th e�gris�_a g ree_in wntm�.,..a n Y ca�ion of pr+oceeds to princ�pai shall noi emead or ,�,'
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<br /> �4�°' - Postgone the due date of�he momtily paY��ts refened to u►p�g�aphs 1 and 2 ar change the amount o�'t6e�FaY�r�is�If--��---�--- �.
<br /> _�==�W�-� ' under paragrapt�21 the Propeny is asquorai iry Leader.Borro�ver's right to any insaranc�policies aad prooeeds nssilting from . --
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<br />•-'i�•: �;S;k damage to the Property prior to the acquisidon shall pass to Lender to dce exte�t of the suuLS_secuzed by dvs Security Insuument =_-
<br /> __.,.,�.� imt�ediat�ly prior to the acquisit�oa. . _
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<br />'";`�z:•.'. ..',', 6.Oraipac�.9�Pres�vatfor�,Maiat�ance�Proi�on af the Firoperiy:Bornicver's Loaa A��ftaa:Leaseholds. �.
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<br /> �,-�����:;�' ' • Bamower sball oca►py,establish:and use tlte Pmperty as Borrower's principal residence within sixty days after the executiva of --
<br /> -= �,r,;:� --
<br /> '° ,:: � • . .�i�ii�ecuri�s�[[t�td�a�Yw�tinueta�cuPY����Y as�rra�rer'�grincipa!s�idenc�fai.atleas��y�r aft�----- _
<br /> h:': ihe date of accapaaCy;unle�L�der othecwise a�in writin$,which'cens.,�at sHall not be unreasonabiy aiithheld.or unIess
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<br /> �.,��=°>-�. .: . , �xtenaating cirpimstances exist which are beyond Borrower's coatrol. �acrs�wer sl�all not destray.dl�mage or-impair the _
<br /> �:::�:�.,.-�:�`�•.:' • Pmperty,allow the Property to deteriorate, os wmmit waste on the�e�;xr�t.�°. Eorrower shall be in default if any forfeihue �''
<br />:::;��;�`L�..;±.�•: actia�az praceed}ng,whether civii az criminal.is begun tf�at i.�,�.ender's g�eci faith judg+r:a�coutd result in farfeiture of the =_
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<br /> ,{��::- Piu�,sc-'t'i.yf:�r otherwise materiaity ia��ir the lien c�eated by ttr%y5�ritl► ,t„�c or I�.�'s se�usity�imerest.Barmwer may .
<br /> ��_�� � ,t��xS3 a default and rreinstate.as pmvided in pardgraph.l�,�rs.causing the a_c4ion or praL�e2din8 ta 1�d@smissed with a niling
<br /> �,��� �'� �}�.�•�� tt�t,?n Lender's good faith�detertnination, pzer�es forfe:cue of the Bor�r:er's imerest in ttie•Frvt`;�y or nther maLCrial .
<br /> '�•�*'�� t�^: impa<...-�^ent of the lien created by this.SecuTity Insuument a:r Lender's security interest. Borrower,�;`.�<dsa 6e in dQfault if
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<br /> --�-�-.---�---- Borra���a,d"^�the loan applieaqon pracess,gave material�}�,f�ise or inaceunte info:mation or state��,s,to Lend�r 4;cssr�ailed_
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<br /> -:;�_�a_+i�� �to p�+da��Icader with any material information)in connec�cw,�a:th the ioan evidenced by the Note,including.bux c4,'i;``[9miteQ �
<br /> -- -=- — to,repiesentat�or�s conceming Bonower's occupancy of the Ptoperty as a principal residence.If tlils Security Insuus�r#is on a
<br /> ---.--_ -�,-„�,�,, leaseho!@, Bonower shall oomply wIth all the provisions of the lease. If Borrower acquires fee dtle'to ihe Properry. the' �''���•: .
<br /> ____. teasehoid a�.d the fee�itle shall not merge unless Lender agrees to the merger in writing. .
<br /> . 7.P�atectfon o!Lender's Rights in t6e Property.�!f fio�ower fails to perfonu the covenants artd agreements oontaln9c}in ��
<br /> this Sc�zyrity Instcume�rt,or ther�es�a legal praceedlr►g cb�t rrr�s.,�significaatly affect I.ev,i�z's r�ghts in the Property(soch as a
<br /> -- _ = proceei:;?�g in bankcuptcy,pmbate, for co�lde ��on or fasf�:tue or to enforoe laws oi t��titations),then I ender may do and .
<br /> -�_���� pay for whatever is neoessary to pratect the v�[ae of the Prepezty and Le�d=r's rights in the Propeny. �.ender's acdons may
<br /> - _-��,;� includ�.�aying any sums secured by a lien w-[tich has priority over,tlrri�8ecuriiy Inswment, app�uang.in court.�PeY�S
<br /> ---=.� reasarcrT,-�e attameys'fees and enter�ng on 1he Pi�operty to m,�ke i�pairs.AI�c�:flagh Lender may take actiosi under this F�'�Pb
<br /> ��`����'�� .7.i��s does not have to do so. ' ' '
<br /> - Any amounis disbucsed isy Lender under this para�ra� 7 shall b�cnme additional debt of Borrower sivatnx3 by this
<br /> =_ ;:�;'.;� Scxurity Instrument. Unless Ba�srower and Lender agree to other terms af�;6,yment, t6ese'amounu shat�bear interest from the
<br /> _-=�--'T� date of disbu�sement at the Note rate and shaU be payabte.with intemse, upon notice fmm Lender to Boaawer requesting, .
<br /> ���_:��.,.�, PaY�• `
<br /> ___�.� �.Mortgage Insnrunce.If Lender cequired mortgage insnrance as a condirion of making the loan securrd b}r this Security
<br /> =�=_�; Tnstrument, �orruwer shall pay the psemiums required to maintain the mvrtgage insurance in effect. If. for any �eason,the _
<br /> ;� ��z:;,�;:�:;n„�: mortgage insutftnce coverage required by Lender lapses or eeasea to be in effect,Ba3rower shall pay.rf�¢preiaiums required to
<br /> --=�,sr:.�;i� obtain coverage substantially equivatent to 1he mortguge insurance previau�iy in effect.at a cost sui�st�ally equivalent to the - __
<br /> - =- �� "�` cost to Borro�rer of the mortgage insurance pseviously in effeet. from en altemate mortgage insurer approved by i.ender. If . =
<br /> � � , �� substa�tially eqi�ivalent mortgage insurance coverage is not available.Borrower shal)pay to Lender each month a seim equ�l to :_.
<br /> -=`_-`�`� ono-t��elfib of the yearly mortgage insurance premium being paid by Bormwer when the insucance coverage lapsed ar oeased to �,°
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<br /> �'���;•'~� • be in effect.l.ender wiil accept.use uM retain thesc paymenu as a loss ceseive in lieu of mort�age insurance. Lnss reserve _
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