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<br /> �,�`�� 5.NaTard�r Yrcperty Insu:aace. Borrower shali'ceep the improve+n�u noa ezisting or he:eaf'ter e:ec:ed on the Pruperty
<br /> �„� ir�,ucci against los� by fire, h.a�ards include� within Lhe term "eztended c�vcsz�a" and �y other haza:ds, includ�in� fioods or
<br />:�.�.�� �:�lin�, for which L.er�der requires insurance.T.�is ins�a�e siiall be maiatain�d in t!�amounts and f�r the per_ods thaz L.�der
<br />��=� requires.The insarance carrier pmviding the insw�ance s'�aU be choc..ea:by Borrower s+�bjee:io Lendtt's appr�val which shaii not
<br /> � t,e un:eas.�na�i,y withheld. If Borrawer fa;L> tn :naustain covera�e descnb�i a�ve, Lendes rray, ai Lender's option, obtain
<br /> :na'
<br /> �.�-� ::overagv co pz�trct Lendes's r,'ghts in I.he Praperty in�cordancC wiih par2gra�h 7.
<br />�r� Al: insurar:ce pelicies ar,d renewals shall be ac^,eptable to I,a�d�r and shall include a st3ndard tr.ertgage clause.i.ender shall
<br /> � have Lh�right ta he2d the policies and rerewas. If Lender requires,Borrower shali promptIy give to Lendcr all rcxeiFu of paid
<br /> �s,� premiums an�i renev�al aodces.In the event of loss,Bcnrowcr stbU givc�mpt notice to the�sur�xe carrier and Lend�.L.ender
<br /> �'�'F, may make p:�f of lo.c.a u not made promFly by Borrower. �
<br /> ` ? U�lcss I.endcr and Borrower othe�wwise 2gree in writing, insurance proceeds shall h:applier3 tfl s�toration or repair of the
<br /> . � ' Pro;N�ty dj.mage�,if L�e restnration or r:pair �;economicaIly feasibte a�d Lcndez's sen�rity is not:essenc:d.If the restorauon or
<br /> �epsir is not econc;�nically feasi�!e o* L.:°nder's seci:zity R•ould be tessenPd, ti�e im�:rance proc�ds shall L�e applied to the sums
<br /> i.�w� secured by th;s 5cxu*ity Instrwnenc, ��hether er ��ot Lhen due, with any ezces.� ga�d ta Bacm��a. If Barrowes abandor.s ti:e
<br />���� P:operty, or dc�s not answer wi�hin 30 days a r.otice fmrn Lenda that thc insu.*ana:rarriet has ofte:c� tn set2le a claim,then
<br />��� Lrr.der rnay coll�t the insurance prxeeds.Lend�r,�ay use the proceeds ro re�ar r�:iore the Praperiy ci w pay sums��ured
<br /> ���'� ny this SecuriC�Irstrstrent,whethez or nQt t3�en dee.Ttte 3C�-day period will begin when the notice is given.
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<br />���� Un!css Len�?�r anri Bo:row�o�hen.vise a�in wri�nd,az:Y aPnL'�cation af�.acxc.�s to principa�shall n�t eztend or post�ene
<br />,���.:s tne dua ciatc of rhe r.�onthly paymeats refcre3���aragra�hs 1 and 2�r char:ge Lhe amotmi of the payrr•enis.If i:rder paragra{�ti
<br />�"�� 2? the P:o�erty is acqnired by L.ender, Bormwer's :ight to x�y insurance poticits and p;oceeds resuiting from danage to the
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<br />�,���a Property prior tc� [h� acquisicion shall pass w I.ende: co the eztent of the sums secured by this Seturity Inrnument immediauly
<br />�`��� prior to L'�c�qui�ition.
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<br />�d�',} �.Qzc��aney,�-e�ervatien,hlaintenance an�,�rniett�a�f th�Propertf; Borrower's Loan Appiication;Leaseholds.
<br />`��'_' Bor:o.v�r sha13 occupy,cstablish,and use the Property a5 Borrowcr's principal:esiderire�+ithin sizty cia.ys sfter the Pzecution of
<br /> �,�� this�ec;uri[y Ins!rume�t and shall c;o�tir.ue to occupy the Preperty as Bos*ower's�7incipal residenc�ior ai least one year after tne
<br />���r� �ate of occvpancy, unles� I,ender o�'�ernise agrecs in a�riting, �•hich coasent sha;l noe be anreasonably withheld, or unless
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<br /> k�� extcrczting�ircumstances exist�-�hich aze beyQnd Bormwer's ccntro!.Ba�wer shall not de.�y,damage or impair�he Property,
<br /> ���.� aliow the Prope�ty to detcrio;�tx:, or commit waste on the Property. Borrowcx sha;I be in default if any fcrfeiture action or
<br /> w��-'��= ar,eedin whct,ticr civil or criminal, is t>ceun that in L:.nder's cxxi faith �ud ent cot:ld esult:r, forf'eiture of ihe Pro or
<br /> �z Pr 8, 8 J F� 1' � P�Y
<br /> ��'''� ovhe:wise m_-�ria11y impair the :ien created by ths Security Insuurr.ent ur Lender's ser.uity interesL Bocmwer may care such a
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<br /> ;�� defaiili an� reinstatr., as prov;ded in Faragra�h 18. '�y causing the xaon or proc�ding to be dismissed with a rulu�g that, in
<br /> ���� Lc;nder's good faith determination,preclUdes forfeinus of the Borrower's intra-est;n tfie Prcpaty or oiher mat.�ial impairm�nt o:
<br /> the lien ereated by this Se�srity Instrsment or Lender°s secuiity intcrest Borrower sha!i al,o be in defauit if Borrower,during Lhe
<br /> }�� loan• 'ic2iion rocrss, a��e materiall false:or inaccurate informai:on or statcmer:u to Lenfler or failed eo r�de L.ender wi;h
<br /> �`�,� zPP•� P € Y � ( Pro..
<br /> �:��-� any snaterial inCo�natior.) i� conn��on with the loan evidencec' by ihe Note, including, buc nos limited to, representations
<br /> �=�� concerning Barmwer's occ�Fa�cy of the Property as a p:incigal r�'da�ce.If ths Security tnsrrurr,ent s on a leasehold,Borrower
<br /> ,��v� shall con�,�y with ali the r�rovisipns of the lease.If t3o;rcwer acqu'ues fee ti�le tn:he i'rope:ty,the Ieasehoid sd�he fee tide shall
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<br /> � ,r.1; nnt rncr�c;:nj�ss Lcndcr a�;rccs to thc mcr�cr in writing.
<br /> 7.�'rotectios�oP Lendsr's R�gfits i:i the�roperly. If Borrower f2is to perform the covenants and agrcemen±s contair.ed in
<br /> �`s�� this Scxurin- Tnstrument, or there u a legal precerding that may significandy nf'feci Lender's ri¢hts in :tie Proper?y (such as a
<br /> �'����� mceedin m bzn',�urtc rmbate,Cor conderr�na,'iar.or forfei�:re�r ta e.�force laws or regulations),t}:en Lender may do and pay
<br /> �:_;�� P S� r Y�;-
<br /> ��`� fo:w�:aG;ver is necessary to protr„ct :��e value of[he ProF�rcy ar�d Ler,der's rights in tt�e Property.L.endcr's acsezs may include
<br /> �;;�� payir:q any sums s�urecl by a licn «-hich has priority over thia Sx:uity Insueiment, appP„ating in court, pzying reasonable `
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<br /> �r� attorneys' fces znd en[ering on �'�e P:cpecty to m�3ce re.pass. A.Ithccgh Lendcr anay take action un�er!his psrag��aph 7,Lender
<br /> � dnes not have tr,30�.
<br /> •�4.� Any amoun�dicburse�i by Lender un�er Lhis parzgra�h 7 shail'_�rne��itional debt of Bortower sec¢red by ttiis Securit}�
<br /> �`� lnstrumenG Unless �arrowcr ana Lc;nder ag;et to oth� :err;s of�+ayr.*ient, these amaunts shal b�r interest fram the date of
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<br /> �;;`�� disburscrnent at the No�e rate an�shall be payable,widi intcr-.s�upon notice from I.ender to Bormwer requesting payme.ni
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<br /> 8.Martgage Insurnnce. If Lender required mortgt�ge insurance as a coraition of making the loan secured by this Scxurity
<br /> �� instrumcat, Borrowcr shail pay the prcmiums rcqoired tn maintain thc mortrage insurancc in eff�L If, for a.�y reason, the
<br /> mor[gage insurance coverage req�ired by ;..ender la�ses or ceasrs co be in eff�t, 3orrow�sha>I pay th�pre�niums requi;ed to
<br /> obtain :.overage substanti��liy ec,uivalen: to :he mortgage insurance previous9y ir. etfect, at a wst subs�tar:tially eyuivalent to the
<br /> cast to Eorroa�er of the mortgage insurance prer.o�:sly in effett, from zn alternate mortgags insurer a�roved by Lendrrr. If
<br /> subsanvally equivalent mc:tgage insuranc�co:•erage is not available,�Sormwer shall pay Lo Lender e�h monih a sL�m aqual to
<br /> :���; ore-tw�cif�h of th: ;�eariy mortgage insurance pr,.rrsiu!n beeing paid by Bor.rower wF�en ihe insurance coverage lapsed or ceaseci cu
<br /> � he in efix;. IP�der wi31 accer�t, use an:i retaan thes;, p�ymenLS as a las� res�ve i.� lieu of morigage irsurance. L.oss rraerve
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