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<br /> ` S. Ha�aed or Pnng�erty Iasarance. Sorrower shaI! kee� the improvements now existing or hereaftes erected on the �.
<br /> '� Property inst�red sgainst toss by fire,hazards iaclttded witlsin the tern� °extended coverage" and ar,y ather 6azards, includin�
<br /> � floods or Qooditsg.for which Le�de�requires incnvan�.•'�s insnrance sh�ill be maintained in the arnounLs and for the geriods �;
<br /> that Leader requites.Tfie icsurazt�e rarrier providung the insuiance shall be chosen by Borrower subject to Lender's appmval =-
<br /> �,,-� wtuch shail aot be unreas�nabIy �vit�held. If Borrower faiis to maintai�cavecage described abote. L.ereder m�y, at l.ender's �,y.
<br /> optian,obiain wverage to pmtect I.ender's rights in the Progerty in accordaace with paragtaPt►7•
<br />�- All insurarcce poticies and renewals shall be acceptable w L��and shall inciude a s[antiani mortgage ciausa. Lender ��_'
<br />-s� shall have the right to hold ths policies and renewafs.If Lender�Borrower si�a!!promptly give to I.ender alt neceigts of ��,
<br /> _ paid premiums and renewal aotices.In the event of le�_�ormw•ez s.'���give prompt notice to che instirance carrier and Lender. �--�
<br /> ;"x•.� Lender may make proof ef loss if not m��gro��;:ir;=�rroweff. _—
<br />''�',�{i Unte4s LL,eender and Borrower othe�-�.ca a�e in wririag,insmaace procceds shall be appl�e�to resta�ation or repair of We �_
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<br /><���� Il;roperty damaged,if the cestoration or repair is economically fe�sible and I.ender's security is not lessetted.If the�stoiatias�or �
<br /> repair is aat econo�cally feasibte or Letider's seivrity aQUld be tessesie�,the insurance proceeds sha116e applied to the sums
<br /> secured by this Sewrity Insvumem, whether or not then due. witb any exo�ss paid to Borrovrer. If Barrawer abandons tke —
<br /> Property.or does not answer'within 30 days a notice from L.�nder that the iasurance prrier has offerc�to seriie a claim.then � °
<br /> Leader may collett the insurance praceeds. i.ender may use the prnceeds to repair ar restote the Property ot to pay sum�
<br /> secured by this Sccuriry Instrument,wh�her or not then due.The 3Q-day peeIod will begin when the notice is given. !�±`
<br /> Uaiess l..ender and Borrowes atherwise agcee in writis►g. any upplication of,pr�oceeds to principal shall not euend or --�---
<br /> postpone the due date of the monthly paym�nts referrat tn in garagrapl�s 1 and 2 or change ths aznaunt of the paymcnts. [f �,r�,:
<br /> . under paragraph 21 the Froperty is acquired by Lender,Boaow�r's right to any insur,uice poltc�ies and proceeds resuiting from �
<br /> dsimage to the Propeny prior to the acqutsition shall pass to Lender to the extent of the sums secured by this Sesurity Instrument _
<br /> • immediarefy prior to the ar.quisidon.
<br /> llcasion.I.easehoids. �`
<br /> 6.Oocupaney,FreServat�on,M�inten�nce and Pcotectton o!t6e Property;Bnrrower's Loau App ��
<br /> ' Bormwer sha11�py,establish,and use the Property as Borrc�wer's priacipal residence wittun slxty days after the exectztion of
<br /> this Sec�rity Inst�umea►t and sha11 comin¢e to occupy the Property as Borrower's principal residence for at least one year after
<br /> the date of occupancy.unless I.ender otherwise agrees in writing.which consent shall not be unreasonably withhetd.ar nnless f
<br /> �-
<br /> e�etenuating circ�mstances e�tist wiuch are beyond Bornower's control. Borrower shall not destroy. damage or impair the _:
<br /> Pcopeaty.allaa the Fcoperty to de[eriorate. or commii waste on the Property. Dorrower shall be in default if�ny forfeiture r.,--
<br /> � act'son or pracceding,wh�r civil or esiminal.is begun that i3 Lender's good faith judgment could result�:n�orfeiture of the ?!=`=
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<br /> — — r^aa�iciay.;,v"i��'.�.+""',.,...'�'.'!y^.a..�t�:._,�;:�!��h��hwc C,^r���Tn,��mora�s Tp.ttdeT'S SCCililtV IJI'.:.3r�i'F.BOIfOWBi if7�_y �
<br /> cure sach a default and reinstate.as�mY.icf�!in paragraph 18.by c.u�.sing the action or praca��t�be d"ss�ssed witU a ruling
<br /> �'.;`. that, in I.ender's good fait6 determ*_�a:cs, precludes forfeiture of sHe BonowePs interesY iri.:i�:.Frogerty or other material�
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<br /> =;;�.;, impairment of the lien created by this Security Iushixaent or Lencter's security interest. Borra�r s�a'-t�i��e in default if �
<br />:��.`'`� Borrower.during the loan applie�iion pracess.gave�.^'�;rflally false or inaccurate information or statem�^.�:.�c:!ender(or failed -
<br />':�:'�,�:, _ to provide Lender with any material�..�ation)in cc�nnection with the loan evidenced by the Ivote,inc;;�.�,but nflt limited s"
<br /> to,reptesc�.ions conceming Borroaer's ocsupancy af the Pmp�y as a principa!residence.I�this Seet�:�ry Insuument is on a
<br /> � leasehotd, Borrower shait mmply with all the pmvisions of chs Eease. If Borrower aaquirzs fee titIe r� the Property. the
<br /> .... leaseE►o!d and the fee ttcte�iir!1 not merge unless Lea�er agrePS to the merger in writia$. � ����%
<br /> • � ?.Prot�edton oY II.c�l�s's Rights in the 1'roF�s�-If Borrower fails to gErfor�the covenants and a.�*M�ents contained in , �%�::'
<br /> � 'tftis Security Instiument.or there is a legai proceed:�g that may significandy affect L.ender's rights in t�e Propeny(such as a
<br /><::;;;,. � proceading in bankruptcy,probate.for wndemnarion or forfeiture or to enforce laws or regul�ons).tnen Lender may do and �,�
<br />.`.Y'�{51�.�; - pay for ahattver is necessary tv protect tiie value of the Progerry and Lender's rights in the�-c:�y. I�nder's actions may
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<br /> inciude paying any sums cecured�by a lien which has priority over this Security Insvttm�, ;�s�s�,'r`.ag in court; p�ying _
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<br /> ?;-c �e��on�le attnmeys'fees and enterine on the Property to make re�ait�.Although i.ender may trTC.:.s�w=:�der this Datagrapb
<br /> �:�.�..� 7.Lender does not have to do so. • .
<br /> Any smoums dis6uised by Lender under this paragrapb 7 shail beec+me addiHonal ��a of IIomnwet secured by tttis �
<br /> : �.•� $p —
<br /> Securiry Instrument.Unless Borrower and Lender agree to other terms of payment, these am�nss shall.bear interest from the
<br /> . . � date of disbursement�at the�Note iau and sLall be payable. with interest, upon notice from Leadea[o Bonower requssting
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<br /> � 8.Mortga�e Ynsvrance.If I.ender required rr.,u,�gage insuranoe as a cwndit:�:of makic�the loaa�•�.d by this Security ��'��,-`�_:
<br /> :- 'z Insuvment, Borrower shall pay the nremiums r�.c;uired to maintain the mo�tgage insurana;�:.ef.fect. ?�`, for any reason, the . ° —
<br />`.;;, ;;� mortgage insurance coverage requi�t�✓y��iapses or ceascs ro be in effoct.Borrower s�1};.�pay�rr�remiums requir�ti to �``s
<br />� '. �� obtain ooverage substanrialiy equivale,�:✓s etr:rr,o�t.3a�e insurance previously In effect.at a c�ss sussc�v�#�:ui�y equivalent to the
<br /> , � � cost to Boaower uf tlie mortgage iflsuc�v�a.�ru,��i:e�.^�ty in effect, from an altemate mortpage itts�:r��s��a�vad by Lendsr. If �-
<br /> � �� : substandalty equivalent mortgage ins�r�:,cr octi�r.r�sa is not availabte,Borrower shall pay W ic�ea���nth a sum equal to — _
<br /> one-twelfth of the yesuly mortgage i�rr-;�.cs F�r..ium being paid by Borrower when the in:��coverage lapsed or ceased to �
<br /> �, ' be in effect.Lender wil{accept,use an�retain these payments as a loss reserve in lieu ef IIrr::tgage insurance. Loss reserve
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