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<br /> S. 1La�'d os Praperty Itssuraucc. &�rr��w�er shill lecp the imprc��•enxnts naw ex��g ar 1'� eii�r en.��d on the
<br /> E'nK+erty in+uneci ega�^wt li��+hy firc. ha�rnic i�xliNlcrl wi�hin�lre teem "exte�xkYl �ur•era,�e" �xl��y Wher lutard�. itxltulltl(t
<br />. tlaods�x (lcw�ling, fut whkh l.erxitr rcyuin� inwr�ixr. Thi�i�twr,uicc�hall l+e maiivaiuecl in tha�nxwnts r�rK!fur the pe.7ais
<br /> elut Lcauier rwuires.'('he inwraikr�arricr pn�viJiru:the ii�uraukti�lwll tK rlwuea I�y Bo�r��w�er wbject ta Le�xkr'c�roval
<br /> �►hich s}wll i�.►t be unreau►��ably withheld. If B�irn�wer f�ils tu nuintain co�'eruge dexribe�! :awve, Lerxier may, at Lender's
<br /> �ptie*n,ubtaln �Y�verxye to prcuert Le�ekr'c rights in the Praperty in x:unlance with parlgraph�.
<br /> Aif ituusai� paliciew :uxl renewals shal! be accrptable N Let►eter�ntl �hall ++klwle a ctmxW-.i nwrtga5e dause. Ler�der
<br /> y2ull tu�c th: ei�ht ta hc�l�thc policie.�:u�J mne:w�l�. If Lerwlc:r.t:yu:ir�,Bur�oue� �tull pr�n•�tly giv�tn Lendzr alt rr:.ip.s af
<br /> �►rW prc[�uun�.v;ux!rnew•�I twuices•In the c�•.nt of toss. Borrawer shall 4i�•e pmmpt notice ta thc insurxrn.�e carrier auKl Leu�ler.
<br /> Lpidcr n�y n�l;c pmns of lu�s if not n�de proniptly by Bonnw•cr.
<br /> Unless[.ender and Borraw�er o�henvise;�ree in w•ritin�. insura�xe proa;eds stwll be appiiod ta restorati�n ar repai�of thc
<br /> Propcny d�nugai, iP thc reuaration or repair�s ecoru�mically feasible and L.ender's serurity is noi Icssenod. If thc restaration or
<br /> rcp�ir is not econw��lcally feasible or LenJer's secw•ity would be Iessened, the iatiurance procecils shall be applial to the sunu
<br /> +ecurai by this Securiry Instrument, whethcr or not then due, with any excess paid to Borraw•er. If Borrawer abandons the
<br /> Pn�xtty, ot daes not an,swer within 30 daya a notice frc►m Lender that the insuraru.�e carrier has offered ta seide�cl�im. then
<br /> I.tnder n�y collcrt the inwr.ince proceeds. Lender muy use the proccxcis to repair ar restore the Property or to pay sums
<br /> saur.�x!by this Security Instrument,w•hcther or not then due.The 30-day period wi11 begin when the natice is given.
<br /> Unleu Lender u�d Rorrower otherwise agtee in writing. any application oE proceeds to principai sh�lF not eztend oe
<br /> pau�one the due dste oi the monthly pay�ments�tferraci to in pan�raphs 1 and 2 or chsnge the arnount of the pay-mer►ts. If
<br /> under paragr.tph 21 thc Propcny is a:quired by Lender, Borrower's right to any insuranoe policies and proae�s c�sulting from
<br /> dwtizge to the Pr�operty prior to the ocquisition sLall pats to L.erKier to the eutenl ot the sums securea by tnis�curiry inurument
<br /> inw�ediacely prior to the xquisition.
<br /> 6.Oocup�acy.Pr+ese�rvxtioo,llisinta�oce aad Protectioa ot t6e Property; Bort�ower'�Loan A�pitcatioa;l.eacefiolds.
<br /> Bomower shal!occupy, estahlish.and use the Property as Borrower's principa!resideaoe within sixty days after the e.xecudon of
<br /> Ehis Security instrument arni siu11 Wi�iiuue W u.xupy It�Pr.�e,:y as Bor�wer's a7nc�p:1 ru:3�::.:.�:fa:::lac:a-„yrar aR�r
<br /> ihe d�te of oocupancy, unless Leader otherwise agrces in writing.which consent shall not be unrcaworb�,v withMld, or unkss
<br /> exterwating circumstu�ces exist which are beyond Borrower's conirol. Borrower cf�a11 not destro�, �Lnage or imp�air the
<br /> Propeny. �Ibw the Property to deteriorate.or oonvnit waue on the Property. Barrower shall be in default if aay forfeiwtc
<br /> raction or proeeoding, wGether civil or criminal, is begun that u�Lender's good faith judgtrent oould msult in forfearare of the
<br /> PropenY o�otherwise materially i�npair the lien creaied�y this Security Irutnunent or L.euder's securiry intorest.B,am�wer may
<br /> curc wch a default and reinstato,aa pro��ided in p.vagrapi�18,by causing the action or proceeding to be dismissed wiih a ruling
<br /> th�t, in Letider's gaod faith detemvnation, precl�des forfeiturc of the Borrowu's iaterest in the Propezty or other materiaf
<br /> impaimuat of the lien created by this Secwity Instrwneru or I.ender's security inieresi. Borrow•er shall also be in default if
<br /> I3ornawcr.during the loau zpplicac;�un process.gave mzteriapy false or insecurate informaar,oa or st�temenu w Lender(or faikd
<br /> ta provide Lender with�ny m�teri:J+infom�tion)in ax►nection with the lo�n evidenoed by the Note,iacluding,but not limitod
<br /> to,nep�+e.ceatations copccmiag Bormw•er's oocu�.vxy of the Pnoperty as a principal residenee. If this Se�vity[nurumcnt is oo a
<br /> leasehold, Borrower s,hall ootnply with all the pmvicionc of the lease. If Bomowu aaquires fee title to the Praperty. tl�e
<br /> le�old aad the fa titk shaU not n�erge uailas Leader agms to tlm mergv in wriring.
<br /> 7.P�ntedjon ot i.enda's R.iQhts ia tbe Pt�opaty. If Borr+owu fails w perform th�ooveaaats aad agroements contained in
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<br /> . .-inis�iry iiawn�.ur viaz u a iegai pn�utiit�u�xi nuiy�wuuuwy�utc�.:a u+wac+�5 aiKuu ia uc r�a,Nc,aj ��.,..-a:3 _.
<br /> pnooeedi�g in b�alcruptcy,probau,for mndemnation or forfoiture or to eoforce laws or rcgulatioos),tfxn L,ender may do aad
<br /> p�y for whytevu 'ss nxess�ry w proteet the vaiue of the Property u�d Lu�der s righis in the Property. Lender's xtions may
<br /> include paying wy wcc�s secured by a lien which has priority over this Security Itutruroeat, appqring in court, paying
<br /> rrasoroble�ttomeys'foes and entering on the Property to make �irs.A1tlwu�h Lender caay tafce aaioa under this parqgrapi�
<br /> � 7,I.eatler does uot t�avc to do so.
<br /> � My �nouius disbursed by Itnder unier this parzgr�p8 7 st�ll become�dditiotul debt af Borrowu saYUOd by this
<br /> Sxurityr Inuruiaeat.Unkss Sorrowu�nd L�agrx to other umis of p�ymeai.tbae aa�owus sh�11 bpr izuerest from the
<br /> d�te af distwrsr�at the Nae rue �nd sls�l� be p�yable. with interat. upon cwtia froau l.�ader to Bormwer nquating
<br /> P�Y�-
<br /> 8.�ortgsge Iacuraaoe.If I.eader required mortgage ia;uratwa as a ooi�dition of as�l�iag tbe loan secwed by this Seeurity
<br /> Inutumeat. Sorrowcer slsall pay the ptaniums requirod w�intun the taatgAge it�suraaoe in effxt. If, for any reasoa, the
<br /> tmttg;ge inwratxe�vuagt roquind by Lec�der lapses or ceases to be in e€fi�ct,Boirowu shall p�y the premiumc nequired to
<br /> obain oovuage wF�sC�ati�lly equivalent to ehe mortgage inuu-arice previousiy in effect, at a cost substantially equivalent to the
<br /> eou w Bwrower of the mortgage icuur�noe previously in effect, from an altemate mortgage inwrer approved by I.a�der. If
<br /> sut+s*��^��y equivalmt matgage inwrraoe covex�ge s not avsilaWe.Borrowu st�a.11 pa}�o�I.etder rac6 mooth a sum oqua!W
<br /> ar-twelfth of the yculy mortgage iac�rna pranium being paid by Borrower when t1�e insur�noc coversge I�psed or o�ased w
<br /> ; be ia effea.L.eader will aoa�t.�se�nd retain these payments�s a loss reserve ia lieu of moitg�ge i,asuraooe. I.oss reserve
<br /> . iana 302� 9190
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