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<br />.- S. �rd ar Ptn�e�Yy Ias�'�se. 8atrati�rer sbali &� the impsovements noer enistar�or rr:rcaft.er trect� oa the -
<br /> Frngzrty insured e�sinst la�s by fire,haz�rds iactuded wittun tI�term "extended caverage'r.c� e�y�4sr haTards. inctuding
<br /> ftoods c�r flo�ing,for which �.endar mqtaires ins�ce.°this insnranoe shall ise maintain�in th.r,ar:.r.rl::t3�d for th.pacFods
<br /> �, -� t�ut L�trler eequires. 74�e iesurnnce carrier provid'usg the iasurance shall he chosen by Eorno�r•es nt;;�r.t u��,sater's approva�
<br /> `1 vrtdr•h s7:�?1 aaf be uamasu�a?:�5 �vithhe[d. If�orrower fails to maintain ooveraa;e des�,rih.•d �ov�. L�ri�r�c�ny� at L�er's
<br /> . a�;t�°rn.�ct,sait��veta�e.tp�:oi�ct I.�er's ri�ts in the Property in accordance�vitPi parE�p3 7.
<br /> , A�b i:&t±�tr+�e�lic��s artd ter.2wa!.shall be accep�le to Lender and shall incladP a sUZed3rc�mr,rig,aoe clastse. 4ender
<br /> shali 5ave t�t e's�+�:io�old thP pnticies and renewals. (f Lender requires,�orrotiver sh�ll proa�rt�j•giti�c.z�Lender all r�a�sts af
<br /> � , p�td�r�m��.*t�s and rea�ewal aalices.In the eveat of toss,Borrower sD�all give prampt IIorice to tD-.k:i,.r,umnce carrier and Leadcx. _
<br /> t,:nder may ma�e proef of loss if crot m3de pmmptly by Borrower.
<br /> --''" Un2ess l,eude:and Borroti�ev oth.rwise in writirt ,insurance rocPeds s�all►.lsa •
<br /> ageee g p a�ptnsd����stara�tion or�air of the
<br /> ' Property daznaged,if the rzstoiation or repair is economirally feasible and Lender's secta.ity ss r�n►'�..�cre:d.If the restor�tiun or
<br /> . � repair is not axonomically feasible or l.ender's sec�lrity would be le�sened,the�n�*���pr�cee���tt�be appiie�to the sumc
<br /> �� securzd by ti�is Security Jnstn:ment, wh�her or ttot t6en �due, wiW any excess paid to�o�avrrr:if Bcrrrower a6andons the
<br /> �• �^.a�Rrty,or dnes aot answer within 3Q days a noriae from Lender that th�insurar�ce carrier has offesed to set�te a cfaim, then
<br /> L�dar may cailect the ins��r.ce prooeeds. Lender may use the proceeds ta re�r cF restore the Progerty or to pay sums
<br /> • s�xri.*ed by tfus Ss:curity InsUUment,whether or not then due.Tt�3Q-day period a+il�begm when t�he natice is given.
<br />� ilr�tess L�a�der and Bomower otberwise agree in wrising. sucy 2�a�e�rion of proceEds to priacapal sP�.0 nni extend or
<br /> ' . pastpone the due date of the monthlY pa.yments �efer�d to in pa:a��s 1 and 2 or change th�aar�unt of the paymenu.If
<br /> �r paragrap8 21 thE Ptaperty is acquired by Leader.Sorrower's right to auy insurance pnlicies�3 praceeds cesulting irmm
<br /> • ``� d�age to the.Prope�ty prior tra�s azywsition shaU pass to I.ender to the extent of the sams secured by th8s Security Instruffient
<br /> _ � ur.u�ediat�ly priar to the acquisition.
<br /> . 6.Ucwgxa�ty,Preaervation,Mainteauaae aBd ProterRioa of the Ptogt�'ty;�ar�xi�a's I�a,�a Q�piicstfon;Leaseha3ds. -
<br /> Borrawer shall acaipy.establish.and ase ths I'roperry as Borrower's prinsipal iesidence within sir.ty c�ays after tke execution of
<br /> ``�`• this Securi Iaszn�ent aal s4�11 continue to occu the Pro
<br /> ry py perty as Borrower's prin��t reside�e:�.r at least oae year after
<br /> • the date of oocupancy,�n2ess Lender otheraise agces in writing. �v6ich oonsent shx11 cv�t be unr�easonabSy witlil�Id.or�nless
<br /> exte�trating circumstaaces exist wtucb are beyond Borrower's contmJ. Borrower shall not destroy, damage or impair the
<br /> � Propeny.eltaw the Property to deteriorate.or commit waste on the Property. Borrawer shall be in default if any forfei�ne ,
<br /> ' action or prooee�ing, a�hether civil or ctiminal.is begun that in Lender's good faith jndgtnent could result in forfeiture of the
<br /> � ° P(Opetty oI olhelW4se mzle�lly impaiu the lie�cieated by this Security inctrn*�.*.t or Leade�'s security interest.Borrower may
<br /> _ cure such a d�favlt aad reinstamz,as pmvided in paragraph 18,by causing We astion or�ing to be dismissecl witl�a ruling
<br /> that. in i.ender's good faith�etmination, prectudes fodeiwre of the �orrower's imt�in the Property ar other materla!
<br /> : �„ impairment a�f the lien created by this Securiry Insuument or l.ender's secnrity 'snterest. Borr+m��r sLall a�so be in default if .
<br /> c, _ Bormwer.during the Ioan appl'ac�tion prac�.gave m�2erialIy false or inaccurate informaiion or stat�ments tn Lender(or failed
<br /> ��'` � to provide Lender with any m�tE..�fal infor�sion)in connsetion witi�the�oan evidenced by the Note,incI�cding.but not limited
<br /> . �f�
<br /> . to;rep�+esentations concemiag�rzower's aocupancy of the Progerty as a principal res�ucex.If this Security Instnunent is on a
<br /> ' Y leasehold, Borrower shall cc�y with a11 the provisions of the lease. If Barmtr�z�t�a�uiies fee atle to the Property. the
<br /> - leaschoid and Ws f�tide sI��.aot merge unless I.ender agmxs to the mug:s in•wr'riag.
<br /> .`�- 7.�cE7 i.cnder's Iti in the Pto
<br /> . gh�s periy.�f Borrower fails�ta peaform the covenants and agreements contained In
<br /> . this Seeariry L�strumem.or th�re is a legal proceeding that may signifnrantly affeci i.esider's rights in the Property(such.as a
<br /> • �; praceedYng in bantwptry,pro'��sa,far oondemna2ion or forfeiture or to enforce laws or Cegulations),then Lender may do aad
<br /> ..: .; p�y for whatever is necessaty r:a prote�the value of the Property a�Lender's righ�'sn the Praperty. Lender's actions may
<br /> � � inctude payiag any sums a� by a lien wiucb has priority over this Security Inst�ument. apQearing in cau�, paying
<br /> ` '+A'-� r�asonable attomeys'fecs and entering on the Property to make repairs.Aithaugh I.ender may tak�a�tian under this garagrapb
<br /> <,. .
<br /> `''''.�`" 7.Lender does not have w do so. :
<br /> . My smounts disba�sed by Lender under this patagraph 7 s6all beoome addidonai debt of Boaow�r secaral 6y this
<br /> �� Securlty Insuument.Utt�ess B�r►�wer and a.ender agree w other terms of payment.tl�ese amoums sha116ear interest from Wa
<br /> .irite of disbprseneent s►t th�R?i��,rate and shall be payable, with interest,upon no�z�from Lerider W Bnrrower request'sng ;
<br /> payment. . , . . .
<br /> ' � 8:iVlortgA�e Y�ra�.If Lender required mortgage insurance as s�rapdition uf malcing the loan secure�by tbis Serurity ; •. ,
<br /> ' Instn�ment, 8omower shali pa;�.the premiums required to*na�n a;n the mortgage insurance in effeci. If. for any reason, the �
<br /> �_� ;'. ma�nr�age insurance canrerzge ct-x{}:imd by l:ender lapses or ceases to be in effect,Sairower shall pay the premitims required tn °
<br /> . . t o6L�3�'coyerage substan6ally�,��tt::valer�t to the mortgage insutanoe previouuly in e47e�t,at a cost substantially equivalent to the �
<br /> ��' cost co Borrowe�of the mod�ge insnranse previausty in effax. fron�an altemate mortgage insnrer approved by Lender.If �-
<br /> �;��' su6sianiialty e�rLt::�eni mortgage insurance�c�rerage is�nos avaitable,Bormwer sPiall pay to Lender each month a sum equal to �
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<br /> . • 1. onatwelfth of th�yearly mo�^�age insura�ce pTemiwn being paid by Borrmwer when the ins�rance coverage tapsed or c�scd to. '
<br /> � 6e ia effect.Letsder will accegt. i_se and retain these payments as a loss reserve in li:m vf mortgage insuranec. I.ass nserve
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