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<br /> $. �rd ar Faotierty ln��ar�c�. �urrvwer shall &eep the impravements now eansting or hereafier erectc�d on t�e _
<br /> Pcogeny insured against toss by fim.ha�uds inctude��xit!►in the te�an'exeended coverage" and any other 6azsuds. inctuE3ing �_�__'
<br /> fiaods or floodireg.for�vhIch Lencier requires insurance.Thts insurance shall be maintaiaed in the amouats ar�for the petiads .�
<br /> ehut Lendes r�quuee. '�`he iasus�nce.�ri�� psc�id{rt�thr 'ss�ussztx��!!�r.��a�y �rcnwer subject to I.er�der's�rovu! �-
<br /> wi�ich shall not be unteasonabiy withheld. If�ortower faila to maintain cover.�;e described above. Lender may. at Lend2r's �
<br /> option,obwin coveruge to protect l.ender's ri�ht�in the Properey in uecsudanoe with parngraph 7. �.
<br /> ' Ali insun�rtse pnlicies attd renewats shali be acceptable tfl Lendes and shall ir.clude a standard ntortgage clanse. LeYtder
<br /> shail l�ave tha ri�hi to hotd the Qolicies and renew�is.If Lendrr requires.Horrower shall promptty give to Lender a�i recelpys af �_
<br /> 1 pai8 premiams��d rcnewal natices. In the event of toss.Borrower shall give prompt notice to the insurnnce c�rrier an�Leader. _
<br /> !.�r.ss;�p�f of!as if.u,*tr.u!e�mmn8y by Bosrower. �-��--
<br /> Unless l.erlder and Borcower othenvise agree in�vriting,insurance praceeds shall be applied to restoration or repair of the �;,_�__
<br /> property damaged.if the restaration or repair is ecasomicaliy feasibte and L.ender's seciuity is not lessened.If the restorariun or �`s:;,
<br /> repair is not eooaomicaUy f�sible or l.endur's security wavld be lessened.the iasuran�prac�eeds sha116e applied to the sums y;�_
<br /> sesured by thi� �ecuriry Insuvmen�, whnthtu m'not�hen due. with s�ny eaoess p�id to Borrower. tF 8orrower abaadons the F
<br /> PropeYty,or dass not answer witfun 30 dn}�$a nodce from l.ender thut the insurunce c�xtes has et?'�tu s�tle u claim. then _.,
<br /> Lender may ooldect the in�urance proceeds• Lender may uss the pruc�eds to repair or �estaie the Froperty or to pay sums �
<br /> � secured by tlus Securiry Insmiment.tvheiher or not tben due.The 30-day period wili begin when the norice is gi�+en. �
<br /> Ualess Ixnder and Borrowec otherwise agee� in writing, at�y application of procee�s to principal shall not e.mend or
<br /> __ �n�ne the due date of the monthly payments referred ta in paragraphs 1 and 2 or change the amnunt of the payments.If ��
<br /> under paragraph 21 the Property is acquired by Lender,Borrower s right to any iasurance policies and proceeds resuiting from �'
<br /> dw�ge to the Prapei'ty prior to tiie scquisition shall pass to Lender to tfie entens of the sams s�urecl by this Secarity insa�nt �
<br /> izn,�a;acpty prior to ths aoquisidon. �
<br /> ac_
<br /> 6.�paacy,Freservation,Matniettance and Proteci�an of t&�Phoperty:Borro��'s La�an Ap�ltcat�on;Lease�tds. �,-<
<br /> . Borrower shall occnpy,establish,and use the Property as Barto�rer's principat cesideace within siaty days aRor the exewdon of �_
<br /> this Seturity Instrument and shall confinue to occupy the Prapertl+as Borrower's principal nsidence for at teast oae year aftes�
<br /> the date of occ�pancy,untess Lender othervrise agt�e�in writing,whict�consent shaU not be unreasonably withhetd.or ariless
<br /> exteanating cirtvmstances exist which are beyond Boaower's a�ntrof. Borrower shaiS rwt destroy. damaSe or impair the
<br /> Property. allow the Property to deteriorate,or commit waste on the Propeny. Borrawer shall 6e in default if any forfeiture
<br /> action or�procee,ding,whether civil ot criminal,is begun that in Lender's gaod faith jud�ment conld result in forfeiture o€th� e.
<br /> , Property or otharvrise raaterially impair the lien cmated by this Security instrument or Lende�c's sec�ity ime�est.Bormwer maY
<br /> cure s�tch a�efault and minstate,as provided in paragraph 18,by cm�sing the action or proceedin�to be dismissed arit6 a ra�]in$
<br /> . � ��r��s g�faith determination. predudes forfeiture of the Barcower's interest in t�e Properiy or other a�s�ial • �-_;
<br /> •£��.�o€the lieu c�ted by this Security I�.*nern or I.ender's se�uii�y interest.Barrower shafl a�so be in de�a;t if g
<br /> laorrower,d::zin the Lcr-a.application rocess,gave�^aterially false or inacrur�:e information or statements to Lender(or f�il�i �.
<br /> to provi�,i�der with any material is�f�rcaation)in connecdon with the loan evidenced by the Nate.including,but nat li.�ited ��
<br /> to.rePr�'sons conceming Borro:,:�i s occupancy oi tlie Property as a principal residenoe.[€tf�is Security Insm�menfi n�oa a
<br /> '• leasehold, 8orrowev shJ comply with all the provisions of the lease. If Barrow�er acquices fee 6tle to the Praperty,tha
<br /> .• Ieasehold and the fe�ti�oe shaU not�merge untess Lender agees to the merger in r�iring.
<br /> , 7.PirotecSion of Yx�der's Rights ta the Property.If Borroarer faits to�orm the covenants and a�ents contained in
<br /> ,' this Security Instrumeat,or there is a legal prace�eding that may significandy affect Lendet's rig�ts in the s�roperry(such a�a
<br /> � proceeding in bankruptcy.pro6ate. for wndemnation or forfeiture or to enforce laws or regulations),thea Lender rnay da and _
<br /> pay for whatever is necessary to protect the value of the Progerty and Lender's rights in ihe Property Lender's actions may
<br /> ' include paying any s�ms secured by a tien which has priority over this Securlty Instrumeat, appearing in court. paying
<br /> reasonabte attorneys'fees and entering on the Froperiy to make repairs.Although Lender may take aMion untter this paragraph I
<br /> . 7;I.Ender does not have to do so. �
<br /> A��amounts disbursed hy C�r�er under this parag�aph 7 shall become additionai �ht of Borrower seaucd'�y this
<br /> � .. L�eco,rity C�-trument. Unless So��r�nd Lender agree w other rsrrr�of payment.these a�ants shall 6ear tnt�n�t�n the ,
<br /> .' ' � `r�s��of dis6ursemeat;�lc tT�e Note rate and shalt be payable. with�*.:.re�. �no3ice from I.ender tu i3a�ower r�uespag _ -
<br /> � • 'Ps�rment. �.� . �
<br /> . . 8.Mortg�ge Xii.,��tnce.If Lender requIred mortgage insurance as a condirion of making the toan secured by this Security i
<br /> Instrumrm.Bonower shalt pay the preitiiums required to mair,ris:.the mortgage insurance in effect. If. for any r�..ax�.tl�e �
<br /> mortsagc 3msaeance eoverage req�i�+icU 1;y Lender lapses or ceascs.��e in e3fect,Borrower shall pay the pmmiums r�,an�ii.-td to �
<br /> obtain cairesage su6st�.�ally equiva:=nt to the mortgage iasurance�;`svics.�l.;; e.n effect.at a cost substantially equivaient to the
<br /> � oost to Borrower of;i�rd mongage inaurance pteviously in effecn..f�zn ze al`•r:rnate mortgage insurer z�zoved by Lender. If
<br /> substantialiy equivalent mortgage insurance coverage is not avai?�i�,Ba,�ra�er shall pay to Lender eacF�conth a sum equal to =
<br /> ono-twel�h of the yeariy mortgage insurance premium being pa3rS�:�Borrower when the insurance coverage lupsed or ceased to
<br /> be in et�cs�t.�,endet will accept,use and tetain these payments a� ;ut�ss reserve in lieu of mortgage is�suiance. Loss r�serve �
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