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<br /> S. Haz�rd or Peaperty Insu�nee. Borrower shnll kcep the itrpmvementa now oxisung or hereaftar ercetod on the
<br /> Property �nsured e�ainst loss by lire, ha�ards inctuded wichin the term"extended coverage" nnd nny other hozaids, including ^
<br /> floads ur tiooding, for which I.e�xier requin:�insurnnce. Thi�s insuranco shell be muinwinod in the wnounts and for the pedoda
<br /> thut Lender requires. 1'he insurancc�rurrier providing the insurnnce shall be �hosen by Norrower subject to Lender's approval
<br /> which ehull not be unreasonubly wlthhetd. If Borrower fuila to msiinwin coverage described nhove. Lender muy. ut Lender's
<br /> opt[on,abtairt coveragc to protect l.cndcr's rigl�cn i�the Pcoperty in accordanca with pprngraph 7.
<br /> Ali it�sarcu�ce twltctes und renewais shall be ucceptuble to Lender and sh�ll inciude a stsndard mortgage clause. i.eteder
<br /> shalt have the rtght to hatd the polictes und renewals.If L,ender requires, Borrower ahall promptly givc to Lender atl rax�pts os
<br /> paid premiums and renewal nottces.In the event of loss.Horrower shall give prompt notice to thu insurance cprrler and Lender.
<br /> Lender may make proof af loss if not made pmmptly by Borrower.
<br /> Unless l.ender and Bonower otherwise agrce in writ�ng. insurnnce pmceeds shall be applied to restorntian or repair of the
<br /> Property damaged.if the restorntIon or repair is economicully feusible aad l.ender's security is not lessened.If the restorat[on or
<br /> repa[r is nat economtcalty feasible or l.ender's securlry wauld be lessened,the lnsurance proceeds shall be applied w the sums
<br /> secured by this Security insirument. whether or not then dn�. wIth eny exsess paid W Bor�Wer. If ldorrower abandons the
<br /> Pruperiy.or does nut w�swee wIthin 30 days a nodcc ft+nm L.ender�het tl;e iiuurance cArrl�r has offered to settte a claim.then
<br /> L,end�er may collect the fnsurance proceods. Lernler may ust: the ptoc�oeds to repair or restor+e the Property or w pay suras
<br /> secured by this Sxudry Instcument.wheiher or not then duo.The 30�day per�ud will begir►when the notIcr.is given.
<br /> Unless Lender and Borrower otheiwise agree in wrlttng. any applicadon of proceetls w pr3ncipal shap not extend or
<br /> postpone the due dute of the monthly payments refemad to !n paragrapha 1 ertd 2 or change the amouat of the payments. If
<br /> under Qamgraph 2l the Property is acqujred by Leader. Borrower's right to any insuranca policies and procr.eds resulW�g fmm
<br /> damage to the Pmperty prior to the ucquisitton shell pass w Lender to the e�ctent of the sums secured by this Security Instcumeat
<br /> immediately prior to the acquisition.
<br /> �6.Oecup��cy,Preserv�Non,Matntenance and Protcr�lon ot the Property;Numower's Loan Applicatton;Leasd�olds.
<br /> Bomower shaq accupy,establish.and use the Property as�ornower's principal residenoe within sixty days efter the execution of
<br /> thi�Secw�ity Instnunent and shall condnne to oocupy th�Property es Borrower's priucipai residence for at least one year after
<br /> th�d��t'oa�.:,y.�s€�3�L�r.da�ai3�.�^��:c agr�s in evsistag. whic�crnsent s6s1!nut be unreasotLblY wishheld.or unitss —
<br /> catenuating circumstanas exlst whtch are beyond Borrower's control. Borrower shall aot destroy, damage or impair tLee
<br /> Property. allow the Property to deteriorato, or oommit waste on the 1'iropetty Borrower shall be in default if any for£eid►re
<br /> actian or proceeding,whether civil or critninal.is begun that!n Lender's Sood fa��h Judgmen�°°Wd result in forfeiture of the
<br /> Prop¢rty or otherwise roatedally impair the lien c�eatad by this Secttdty Iasuwnent or Lcnder's securlty Iaterest.Sorrower tnay
<br /> cun such a default and reinstate.as pmvided in paragraph 18.by causing the action or procading to k�dig�a��+'��a tuling
<br /> Wat. in l.ender's good fcdth detem�nation, pretludes forfeiture of the Bori+nwer's interest ia the�ro,perty ur other materl�l
<br /> i�npainment of the lien creatod by ttiis SocurIty Inswment or L.ender's security laterest. Borrowet stiat! atso be iti default If
<br /> Borrower.during the loan appGcatton pmcess,gave matedalty false or inaaurata informntion or statemems to I.ender(ar failod
<br /> to provide Lender wtth any material iafarmation)in connection with the loan evidenced by the Note.inctuding.but not Itmltsd
<br /> w,representat[ons conoerning Borrower•s�xcupancy of the Fmperty ag es prlacipal rosidence.If this Socurity Instrument is on a,
<br /> leasehold. $orrower shall comply wttit aU the provislons oi tho lease. u ttormwer aa{uite:► irz ucio w u� i;.:r:��ty. w�:: ., . -
<br /> leasehold and the fee tttle shall not merge unless I.cnder agrces to the merger in writing..
<br /> 7.Protecdon oi Lender's Rigbts in the Properiy.If 8prrawer fails to perFornn thE covanants and egceementx�ntaiued in
<br /> thls Securiry Inst�ument. or there is a lega!pr�aeding that may slgnificantly effect i.ender's rights in the Propeaty(such as a
<br /> praoeeding fn barilr�uptcy.probate.for wndemnallon or forfeiture or ta enforoe laws ar regulations),then Lender may do and
<br /> . pay for whatever ie rxoessuy to protect the value oF the Property and Lender's r�8t►ts in the Pmperty.Lcnder's ections m�y
<br /> include paying any swn.¢ stewed by a lien whieh has pciorlty over this Secnrlty Insttutnent,'tl�ering in I�ourt� PaY�ng
<br /> rea�on3lile auorneys'fee.s snd entcdng on ihe Property to Qnake r�epairs. AlthougG Lender may cake a�tlon under 4�is paiags�epf►
<br /> 7,Lxnder das aot have to do so.
<br /> Any amovnts disburaed by Lender under this paragraph 7 shall bccame additional debt o� Bomower s�urod by dtfs
<br /> Saurity Ins�nt. tJnless Borrower and Lender agree ta other tem�s of payment,these amouats shall baar interest from tha �
<br /> _ date af disbursement at the Nute rate and shall be paynble. with taterest, upon norice from Lender to Bomawer requesdng
<br /> paytmnt.
<br /> 8.Mortgage Iffivrance.If Lender required mortgage insurance us a oondition oP making tha loan secured by this Securiry
<br /> Instrument, Barrower shall pay the premiums reqaircd to maicttain the mortgage inaur.�►ce in effoct. If. for any reason, the
<br /> mortgage insuranoe coverage required by l.ender l�sac or a,uses to be in effect.Ban+owor shatl psy,.the pnmiwns rcquired to
<br /> oDtain coverage substantially equivalent to the mortgago lnsurance previously in effect,at a oost substantiaily eyuivalent to tha
<br /> oaat to Borrower of the mortgage insusanoe prevtously in effect. from an alternate nwrtgage insunr upproved.by i.ender.If
<br /> substantially equivalent mortgage insutance ooverage is not available.Borrower shall pay to I.cnder each nmoath a sum equal ta ,
<br /> one-twelRh of thc yearly mort�age insurance pranium bei�g paid by Borrower when¢he insurance coveraga lapsed or ceased to
<br /> be in eftect.Lender wi11 c�ccept,use acd retain these p�yments as u loss reserve in tieu of mortgage insurance. L.flss res�rve
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