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<br /> :�,jj 4. Fire,Flood and Olher Nivard Insurance. Bormw�r�la�ll ir►:,urc all im�n�vQmGnt},qn thu Property,whe�hcr�x�w in __
<br /> ,,,��,�; exi�tence or tiutncqucnd��cr�ectod, s�gAia�t uny Iwranls,cus�wltiep. nal w7�mfn�en�;ic�;,in�;lupiog.tir,q, f�r which L.cndcr r��uircx
<br /> °� ln.uran�e. This inrunmc� +hall he maintaineJ in �hc onH�unts pnd fnr tlws pcvii�,is �h:�t l�ixlar r�uirc�. &►rruwcr .hall alu�
<br /> inzurc ull improvcmcnt�on�he Pmpcny,whethcr Miw in cKi�tcr�r ur�ub�quantly crxmd.�giiinht lotiti by Ilu�xl.to thc cx�cnt
<br /> — rcyuirni by Ihe S�rrctary. All insurnncc xlwll bc rarriai wiih companicF uppr��vcd by l.�tixlur. Thu in�urutnc palicir+wKl uny —
<br /> �''�� renew�l�s1w11 be hrtd by Lernlet wu)�lwll include loss puyai►te clau��n favnr af.and in a fexm�c.wptahle to.Lender.
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<br /> ''%� � In �he eve�t uf Inr+ti. &xmwer shull give Le�xler immafiatc n�►1i��by m:iil. I.ender mc�y nu�ke pr�wf ul'lo.x il'nm mvlc L
<br /> prumptly by &►ROwer. Each inwrance a►mpany ra�xernal is Ixsrcby autM�ri�ed and dlrected.to make puyment f��r ,urh I�n� �
<br /> " _= dinti�tly �o(xnder. inslead of to BoROwcr and to l.erder j�intly. All�r uny patt of ttN: insur�pFe pr�xe�xlti may br appliexi by �:_
<br /> L.enJer, at ita option, cither lu) to thc reduc�iun of thc i�dcbtedn�.:ns under th�; Niue and IhiS,Securi�y Instrument, fir.�t t��any �
<br /> -` "-"`�'='-'�. dclinqucnt omnunts upplied in the ordcr in paragroph 3. wd then to prcpavm�nt of prfn�i[�1,��r�b)to thc rectorutinn��r rrpair
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<br /> -�'��"��''� of�he damaged Pmpert�•. AnY �PPlica�iun uf the pra�ti•�Ix: princip�l �h�lll n�K ext�nci ar pnupcme the Jue J:UC uf the ��
<br /> ��""" mcmthl memti which ure referred to in rm ra h 2,or chun e tM:unHr,�nt af such vmRms. An cxcesti iosurnnce roce:.ds
<br /> �� Y PaY P' F p & P�. Y P
<br /> - � • over an w�x�unt required lo pay all autstanding indebtedncss under thi:Note atM thi.g Sccur,ity Instnunent shall be paid to the
<br /> -- ;;`�`J• - entity legully enlided thereto. __
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<br /> --_=:,,:. In the event oP foreclo�ure of thix Security [nstrument or uth:r trensfe�of,title to thc Pmperty that extinguishc� Ihe
<br /> ----'�~�-'`�'�� indebtodaess.ull right.title And interest af BoRawer in and ta iatiurwu�p�►li�ien fr�fare shull pa+s to�he purcha.tier. ---
<br /> -_=—?,- ,n_�; ----.
<br /> - -� �?'.�::��••.,; S. Oceup�ncy. Preservatian. bf�intet��e and I'rntectivp► n�f the Property; Borro�ver's l.�wn Appflcxtlon; -�-
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<br /> t ' i.eaceholdq. Borruwer shull orcupy, ertablish, and use tlw Pn�rty .�.�:Rorrower's principal re�idence within sixty days after �--
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<br /> -� .�7 9 ''��:.�Y N II$'C%CC1NI011 Of 1I115 SCCUf{l) IIF11f1101C1t1 illld SIIAI)CApItRI1B(P QSCIi(.`j :he Propeny as Borrower'.�+rincipal msidence for ut Icast =_
<br /> �,�;,,r • � ooc yeur ufler the dute of occupan�:y,unless the S�rretary detenr3::w.r this requirement will rrusc a�xiuc haniship for&�ROwer, �
<br /> -- �, or unless exlenu•rting cirrumswnces exist which am 1xy�d Borrower's control. Borrower shall notify l.enders of any �:
<br /> - ��''�a� excenua[ing circumsw►a:e�. Barrower shull not commit wcutc or destroy,dumage�r subs�untiall�• change Ihe Property or allow —
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<br />-= '�i`�� �he Property to deleriarnte, rea�noble wear and tenr excapted. L.ender may in.rpect the Pro�rt} if the Property is vacant or =
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<br /> _ __ �=1''�=�,� abandoned or th� loan is in default. I.ende� may wku reasoneble nction ta pmtect nnd presrrvr such vsicunt or ub�ukioned �
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<br /> _ ,y, Propeny. Borrower shull al.sa br,in default if Bottnwor, during�he loan applicution pnxesti,gave materiully�false or inaccurate
<br /> - ., '�'�'" �` inforniation or uatemenl.w to l.tnder lor fniled to pr�viJs l.ender with ony rn3terial infornwNon)in r�iruiection with thc loan
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<br /> . - -:��>�.._:•�:.--°� evidenced by �hv ivota. iiwiuJing, but i�x iiaiit�d to. r�pms�ntations cocr.;ernis� &�rrower';actt:�cy af the Property as a =:-,
<br /> `�"�'� -"' �� principal rei;idenr.cr. If ihis Securiry InStrumant. is on a Iea�ehulJ, &►rrawcr +hull cnmply with Ihe pmvisions of the lease. If
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<br />'��-�'` ','�" �' Borrower acquirtti tce titk to tlws Pmp�rly,thu Ien.Seh��ld and fcc titla shall nol be merged unless I.ender agrees to thc merger in
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<br /> _`_•'�� �'�� � "' • 6. Cqorgex to lsormMer�nd Prntectioa of Lender's Rlghts In the Pmperty. &►ROwcr shall p•ry ull governmental ��r
<br /> "�''F'-+ , f.:_ municipal churgan, tinus and io��n�siikmn �hut ure n��� includ��i in paragraph ?. BoROwer shall pay these ubligatians on time f�`''%
<br /> -�-:�•���,� ° . directly �a�ha entit}whiuh is•��wed th�s payment. If f:�ilurc�o pay wi,uld�xl�•crsc:ly affect Lender's interest in the Propeny,upon ���--
<br />=°�ss '•��.,: , ' , L.ender's requost Borrawer shull�mmpUy furnish to Lendcr receiptti evidcnring thek paymenty. �:e�•.
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<br /> -�'�"` � � If Borrawer fuils to make thesc r ments�x thc � ments re uireci b aru ru h 2,or Pails to rf�rm s�n other covenAnts �"�`?"
<br /> � �--�i�-.. , , �� � P'Y P'Y y �'p R p Ix Y �_--
<br />"._F . ` �� and ngr�.�ements comained in this Sccurity Inxtrument,or �here iti u le$al prorecciing tlwt may significuntly affec�L.ender's rights �°�
<br />-°��`� � �` in the Propeny (surh a.a pracecding in bankruptcy, for cnncl�mnatiun or to cnforre luws or rc�ulations), then Lemier m:ry do �:�,..
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<br /> '` � .� �. and p•ry whatever is nccessury to pn,tect the vulue of�he Propeny and I.ender's rights in the PropNny, including payment of --
<br /> - �� �' �`" ' tnxes,hawrd inwrunce und other itcros mentioned in para�rnph 2. �--
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<br /> "" �.�.• ��_=� ;.''�;�,i;, � Any anwunts dishurscd by Lendcr unJcr thiti paragraph �hall became an additional dcbt of Borrower un�i Ix�ecurod by
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<br /> �., i:,z,-, •, ..�9e;,r;. I this Securiry Instn►ment.These amcwnt�shall bcar intercst Irom the datc of disbursement,at the Note rate, snd at the option of
<br /> - • •, .,,;. • � Lender, shall be immediately duc and pvyable.
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<br /> ' '�~4�� t, F'"' I 7. CondemnaUon. The pre�ec�eds of uny uwurd or cluirn for dunugcs, Jir��:t ur conxequentiul, in ronnertion with any ---
<br />- �`i,����'.� ."� �is>>:. � rondemnation or other�aking ot'uny pan nf the Pro�xny,ur iiir r��meyuncr in plac�ut'condemnatiem, ure hercby assigned and '°'
<br /> "' ''�f'a��• shall he paid to l.ender to the extcnt of Ihe full umnunt ot'�Ix inJebtedn¢..�th•ri rcm�in.unpaiJ under the N��te ond this Security �.
<br /> ' � Ins�rument. Lender�hull npply.u�:h pn►ceeJs to the r�luclion ��f the indeMeJncsc undcr th�Nute and thi�Security In+tmment, ��=
<br /> t�G�' fir.t to nny Jelinyucnt umcwnt� upplieJ in �hc �►rdrr prm•ii.lcd in parugraph 3, and �hcn to prepaymcnt of prinripal. Any
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