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<br />. ' S. Il�z�rd or �'ro�►erty Io�urrnce. &�rmwer ehall iceep the�im�provemrnt�now eYistinr er hereafter erxted on �
<br /> Na Fropzrty inswed p��it�t I.�+by fird,twz�rcis inelucled within the ttrm "tiYtendal covera�e" and any other haurds,
<br /> includin�floads oc (lnodinr,tor which I.end�r roquires insur�nce.This insurance shall be mainuined'en tho�mounts
<br /> and for the perio�s that Lender requires. The insarance carrier praviding the insur�nco sh�ll be cha�n by Borroacr
<br /> subjxt to Lendcr e appmval which shall not be unreisonably withhdd.!f I3orrower faila to mainta?n cover�;e d�criba3
<br /> aMve, lsndee mty.at I.endet's opteon.obuin cover�e to pro2ect l..ender's rirhts in the Property in accordaace with
<br /> P�'agr�ph 7.
<br /> All insur�nco policiea ond renewala shall be�ccoptable to L.ender and shall include a stancLrd mortgage clauce.
<br /> L.end:.r sha11 hs�a iha riFhi to hald t1�u palicics and e�naRZls. If L,ender raquir�, Eor�wec sliall pe�aiptly giva to
<br /> I.ender�ll roceipts of paid premiums�nd renewal noticcs.In thc cvont ot lo�s,Borrower shall givo prompt notice to the
<br /> iasurance earrier snd I.ender.Latider miy make pcoof of lasv if not msde promptly by Bocrower.
<br /> Unless Lendtr and Borcower othtrwise agroe in writing,insurance proceeds shall be applied to restoration or repiir
<br /> oi the Property damagod,if thc reawration or repair is economically feasible and Lender's socurity is not lessened.If the
<br /> restoration or repair is not economically ie�sible or Lendcr's socurity would be lessenod,thc insuru:ce procoods shsll ba
<br /> applied w the sums secured by this Security Instrumrnt.wtuther or not then due, with a»y�xcesa paid to Borrower.If
<br /> Borrower abuidoas the Property,or does not aa�wa within 30 days a notico irom I,ender that the inswance carrier hts
<br /> ot[ered to settle a c:�;�,then Lender may collect the insuranee proceods. L,�nd�r may use the procaec9s to rep�ir or
<br /> r�store the Property or to psy sums socurod by thia Security Instrument.whethcK or aot thea due.Tha 3Q-day period aill
<br /> beYin when the notice is given.
<br /> Unl�ss Lender and Borros�er other�vise agree in wriring.any application of proceedv to principal shill not extend or
<br /> postpono the due date of t!►e monttily payments referrod to in puagr�phs 1 u�d 2 or change tho amount of tho p�ym�nts.
<br /> If under para�raph 21 the Yr�nperty is acquired by Lender. BurcoRers riEht to any insurance policics uid pra;eods
<br /> resultin�imm dama�e to tha ProP�Y Prior to the acquisitiaa shsll pa�to Lxade:to the extent of the sums securod by
<br /> thist Sxwity instrument immadiately prior to the scquisition.
<br /> 6. Uccupaacy.t�reser�atioo,ltiaiatensaco aad Protection o�t�e Yroperty; iforrower'a Y.aa Appiicatioa;
<br /> I.easeholds.Borrower shsll accupy.esublish,and us�the Property as Bornower's principil residcnce within sixty days
<br /> after the exxution of thie Secwity Instrument and shall oontinuo to accupy tt►e Property as Bonower's principal
<br /> resideace for at teast one year after the d�te of occupancy,unless Lender otherwise agroes in writing,which consent sh�ll
<br /> not be uarea9onably w ithheld,or unless�xtenuating circumetanas exist which are beyond Borrower's control.Borrower
<br /> stnll not destroy,damage or impair the Property�allow tl�e Property to deteriorate,or�.ommit waste on t4e�Property.
<br /> Borrower s1u11 be in d�fault if,u�y forfeiture action or proceeding.whether civil or criminal,is begun that ia l.ender's
<br /> go�d faith judgeateat covld s�ilt in forteiture of tLe Propesty or otturwise materi�lly impair tho lien cr�atod by this
<br /> Socurity Instruaserzt or I�er's secwitq interest. Bornower mav eure such a d�f�ult and rdns�tato,as providod in
<br /> para�rsph 18�, �ty csu�in� the action or proceedinE to be dismi�od with a rulin� that, in I.ender's �ood faith
<br /> detamination,precludes forfeituro of the Borrowa�'s iaterest in the Property ar other material impairrna�t of the liea
<br /> created by thia Security Instrument or Lender's sxurity interest.Borrowa s,hall ilso ioe in default if BorroA�er.ducing
<br /> the loan appliqtion pro�xs� gave materiallq fdse or inaccurite informstion or statements to Irender (or failed t�
<br /> , provide I.eader with iny material iaformation)in conaoction with the laan evidenad by the.twte�includin�,but not -
<br /> limited to.reprasenutions oonarning Bormwer's occupancy ot�u Property�s�principal ro�sideace,i!this Security
<br /> Instrument is on a leasehold,Borrower ahall complq with all the provisions o�the le�e.If Borrower aequires fee title to
<br /> tbe ProPertY,the lasehold and the fee title shall not mer�e unle�I.ende�agroes to the merger in writin�. �
<br /> 7. Protection o�Leader'a Ri=ht�in the Property. If Borrower fails to pertorm the covenants snd sgroements
<br /> contained in this Secwity Insh�ument.or there ia a IePal procadirig that msy siQaificaatly�ffoct I.ender's righte in th�
<br /> Property (such ar a proceeding in builcruptcy, probate� for wndemnation ar fortature or to e�'orce laws or
<br /> re�ulationss�,tt►u�L�ender may do and p�y for whatever ie aeoessary to protoct the value oi thc Property�nd Lenda's
<br /> ri�hta in the Property.Lender's actions may include psying ury suma secwod bq�liea which has priority over this
<br /> . Secwity Iastrumeat.aPlxaring in court,paying rasonable attorneys'fas and entering on the Property to malce repairs.
<br /> Althou�hh Leader may take sction under thia puagraph 7,Leader does not have to do so.
<br /> Any�mouats disbursec3 by I.ender under thia paraQraph 7 shall beoome additional debt of Bornowu secured by this
<br /> Secwity Instruraent.Unless Borrower�ad I.ender a�ree to ottier terrns of paqment,these aa�auats s1u11 bar iaterest
<br /> from tt�a date Q;disbutaem�nt at the Note rate and s�31 be payable,aicY�inteseat,upot�notice's�am Leuder to Borrowe. _
<br /> requestinB P�Y:LSeat.
<br /> 8. Mort=sse Ineurance.It L.ender required mortgsge insunnce as s condition of making the loan sxetcod by this
<br /> Secarity Iartrumeat,Borrower shall pay the premiume required to maiatain tho mortEaEe insunnoe in effoct.It,for any
<br /> reason. th�morc�a�e insuruux oovera�e xroquired by I.end�r l�pses or ccases to be in effect. Borrower shall paq the
<br />' premiums required to obtsin wvera�e substantially equivdent to t6e snortgaga insur�nc�prcviously in effect�at a oost
<br /> subetantially equivalent to th�cost to Borrower of thc mortgage iBSUruice previouslq in eftect. from m dternate
<br /> , mort�a�e insurer approved by I.ender. It substantially equivalent mortgage ins�u�ance oovera�e ia not available.
<br /> Borcower shill pay w l,ender ach month a sum equal to one-twdith of the y�arly mortgage ins�usace premiun�being
<br /> paid by Borrow�r when th�insuranco ecveri�e lapsed or ceased to be in effect.I,eader will�ecept,u�se uid reuin these
<br /> paymeuts as s lass reserLe ia liw of mort�e i���*•�, Loss re�exve paymeats may no lon�cr be roquirod.
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