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<br /> S. Ilac�cd c�r Peupzct�• Insur�ncc. t�rre►u•er sAAti{cxp tho imprc��•rments now existing��r hereaEtcr erocted nn _
<br /> the I'roperty insured�Q�inst toss b�tiro,haiards includad w�ithi+i the t�rm 'eYtr�icinJ vu��era�e" and sny othcr h�z,ard�:,
<br /> includin�ilood�or floadin�,tor which l.ender�quiros ins�arar.:v.Thia insuranc:e shall be m�intained in tho�maun�a
<br /> and �or tho periaos ci�a�i.cu�r �wu+�'s.;'F.c arw;::.;.:�c�:�»r �t'��idine the insut�ltuY shall be chosen by lic�rroweT
<br /> subjoct ta l.endor's a�val whirh atwll ao�be ua;cuan«bly w•itht►n!�1.It liorsa�+e�t�ils to m�intain rnverage dc•scrib�d
<br /> abnve,l.�nder m�y.et Lender's optiun,ohtain ctt�'sra�a t��pmtoct l.e�cl:e's rirhts in the 1'cuperty in accordnnce Kith
<br /> pua�rsph 7. _
<br /> AU iasurance policies and ren�u•sla shpll be accepteblW ta I.en:ls�an�stull include a standard moctYAro clause.
<br /> I.ender atull ha�e the right tu haitl the {x►licics and scuawalc.. I� Lender raauii�, Aona�c� st�ll p:amptly gi�•e to
<br /> Lender all roceipts ot paid prcmiums and ronowil notices.ln thes event of loss, 13nrcoaer shall�i�•e prompt notice to tha
<br /> insurance cacsier and Lender.Lenckr may mako proof of lass if nat mnda promptly by 13orrowcr.
<br /> Unle�I.ender and Borcower othera ise atmro in v�retin�,in�uranr.a p:oceed�ahall be�ppliod to restoration ar repiir
<br /> of the Ptoperty damaged,it the restondon or re�►air is�anamicsll;�fa�..ih1e and ti.ender's sot:urity is not lessened.li the
<br /> nstoration or repair is not xoaomically teasiblo or Ler�dcr's sxu�it;�rnuid be les�enad,the insurance procoods shs11 be
<br /> applied to the sums secured by thia Security lnstrumant,a•hather or not ihen due,with any excess paid to Borro�ver.lf
<br /> Born►wer tbandons the Property,or dcea not uiswer within 3Q�}s a natice fmm Lender that the insurance carrier has
<br /> offdbd to setde a cl�im. then Lender m�y call�ct the insuruir.e proceaul�.Ixnder m�y use the procxds w�i�;i
<br /> restore tho Froperty or to pay sums secused by tl:is Socutity Instrumet�t,c�•T�ather or not then due.Tha 3Q'day peri
<br /> b��in when the norice is given.
<br /> Unless Lenckr atid BorcoNer otliarw ise agrce in wretin�,enl•appliation of proaecxis to principal shall not extend or
<br /> postpone tAe due date of the montbl)�p+yments r�terred to in paragraphs 1�nd 2 or ch�sn&e the amount of tha payments.
<br /> It under puaEreph 21 the Pmperty is acquired by Ler►den. Bcirrower's right to any insurynce policies and proceeds
<br /> res�iltin�trom damage to the Property pnor w the�c�iti�ition s}Wl pass to Lender to the extent of the sums secured by
<br /> thie Socurity Insttument immodiately prior to the acquisitian.
<br /> 6.Occupancy.Preservation,rlaiatensact and p�'vtrrctiun ot the Property:BorroWer's Losa Applicstion;
<br /> Lesseholds.BorroRer shall occupy.establish,and uso 4hQ Frogx.�ty as Barrower s principal residence wi3hin sixty daYs
<br /> �fter the exocudon of this Socwity Insuument and s}WI wntinue to occupy the Property as I3orrower's Ixincipal
<br /> residena for at lc,ist ono yeu after the dato ot ac�upancy,unless Lendec otherwise agrees in writing,which coasent shall
<br /> not be unreasonably withh�ld,or unless extemu¢ti nE c�rcumstusces exist whiah are beyond Borcower s control.Borrower
<br /> sha11 nat d.,..-^troy.dam�ge or impair tha Propert�.dlow the PropMy to deterionu,or commit wsste on the Property.
<br /> Borrowec shall bo in default if any forFeituse aetton or proceeciing�whcther civil or eriminal,is be�vn that in Lrnder's
<br /> good faith judgment could r�sult in fortoituro of the Froperty or otherwise materially impsir tt►e lien created hy this
<br />_ Socwity Instrumwt or Leader's c,ecurity intarest.Borrowar rnay cure such a default and reinstate. as providod in
<br /> p�ragraph 18, by causing the setion or �xnc�diag to be dismissed with a ruling that, in f.�eader's �ood faith
<br /> d�terminihon,procludes forfeiture of the Bamnv�r's inta�est in the Proporty or other material itrspa�,�-ment of the lien
<br /> created bp this Secwity Instrument or Lender's e�urity intercs�Borrower sh�11 also b�e in default i£Borcoaer,durinE
<br /> the latn application process. gave materially faEse or inaccurate inform�tion or stauments to Lender (or failed w
<br /> provide Lender with any material information)in connxtioa with the lwa evidrncod by tho Note,including,but not
<br /> limited to, npe�eseatations conceminE Borrowor s occupancy ot th�Pmperty as a principal residencx.If this Security
<br /> T�wtn�mwnt iaon a le�sehold.BorroRtt saall�tlmply with all the provisiot�s of the leL9e.If Borcower acquires foe title to
<br /> thes Property.the leasahold and thz fea:itle sl�!I not merge vnlesa Lender agrers w tbe merger in wrc�nP.
<br /> 7.Prutection of Lender's Rights in th�Prop�rty. If Borrower fails to p�xiosm the covmants uid agroemmts
<br /> conuined ia thia Security Instrumeat,or thert is a legal pmceeding that may si�nificsatly affoct Lender's rigbts in the
<br /> property (such as a procading in banlcruptcy, probet�. for condemnation or forfeiture or to enforoe laws or
<br /> n�ulauo�s),then L,ender m�y do aad p�y for whauver is s�ary to protect the value of the Property and I�der's
<br /> ri�hte in the Propaty.I.ender's actionv may include paying any sums socurod bp a lien which I�v priority over this
<br /> Socurity Instrument,appearing in court�paying res�onable attora�ys'fecs and eatering on the Propaty to mi1•e r�pairs.
<br /> Although L.eader may talce action uader this paragaph 7.I.eadet does not have to flo so.
<br /> An,S•trnounts disbursed by Lender under this p�ragraph 7 stsall ba�ome addixiaa..&debt oi Bocrower sacuro3 bp this
<br /> Security Tnswmeut.Unless Bonower and Leader agree to ott�er terma of paya:ecE>t�ese amounts shall bear c�.erest
<br /> from the date of dis�ent at the Note rate�nd shall b�piyable.with iaterest,upon notioe from l�eader to Burrower
<br /> requesiing paymrnt.
<br /> 8.Mort=ate Insuraace.If I.ender reqairecl mortgsg�insurance as a condition of maicing ttu lwn securod by this
<br /> Secwity Instrumcnt,Borrower stull pry the pcemiums roquirod to muntain the mort�a�e insurance in cffect.U,�or any
<br /> r�a9on,the mortgage insurance coverage required by Laider lipces or ce�es to be in effect, Bomower stsill pap th�
<br />- premiums requirod to obtain coverage substantially equivalent to the mortgage insurance previouslp in effoct.at a oost
<br /> - substuiti�lly eqtuvslmt to the oost to Bormnces'of the mortgage insurance pr�viously in eftoct,from an ilternate
<br /> mort�age insunr sppt�oved by Lender. If scct�stantially oquivdent mortEage inSwance coverage is not available,
<br /> Boreuv�er.shell pay to Lender each month a sum equal to ane-twelfth of the yarly mortgage insw�ace psemium being
<br /> paid S�r Borrower when the insurear,o coverage 3apsed or a�sod to be in effoct I,eader will accep�use and reunn these
<br /> Psya:eau as a IoFS reserve :a iieu of mort�a�e insurance_ Loss reserva payments m�y no los�es be required,
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