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<br /> S. F�rd a' 1'eoperty Yttsut�nce. li�irrower sliall �eep the �mpru�emcnt� now exi�ting un c�reatter eml�tl on thr -
<br />. 1'rc�p�ny iiuu��d x�ainu I��c:hy firr, luuardc inrlud�d within the term 'erteixled cc►ve�age" a�xi any ��iher h�ardc, inelutling
<br /> fl�wkl�ur fl�xxlinr, ti�r whirh I.c�ukr r�yuires in�ur,uxe. This i�uur;uke�iull tk maintain:�l in the:riwunts:�xl fur the�eriads -
<br /> thut [.Cixkr�cyuit'c�. 'I'hc inwr:uxc rarricr pnniding thc inwruxc �iiall bc cha�cn by &�nr�wcr wbject t�i Lciulcr's appruvul
<br /> which stwll iH►t b.: unr.�a.w��uhly witht►�Id. li'&���riiu•cr failc to m:►intain ���vcra�c dckrihcd xixwe, l.cixle�may, at I.e�Kk.i s
<br /> ��{►liun,�htain ca�•eraFe t��priur.•t l.eixier's riFhts in the Pro�xny in�ucurd:mce with p;iragraph 7. -
<br /> :111 insuraikr �x�licieti a�xl renewals �h:tl) he atteptrblc to Lendcr und shall �nclude a st:u�dard morigage c!ausr. [r_^der -
<br /> �hall Iw�•c the right to hold the pulicics and rencw�ls.if Lenckr r��quircc,Bottaw•cr shall promptly gi�•e to Lender ull receipts af
<br /> paid premiun�.c:u�d rarticwal nwices. in the e�•ent af loss, BoRaw.r shai{gi�e Nrompt n�tice to the in5ucance carrier�uu!1.�.-uier. =
<br /> Lcrkkr nuy n�akc pmof of loss if ncx made promptly by Barcow•cr. _
<br /> Unle�.�L.cr�der unci Ei�rniwer otherwise agree in writi�ig, insurancc pracecds shall be:ipplicd to rc�toration or repair af the
<br /> Propeny Jamaga-f,if the reytoration or repair is economically f�asible and Lender's security is not lessened. If the re.rtoration or -
<br /> rcpair is not ecanomically feasible or Lender's security w•�wld bc lc.csenai, che insurance proceeds stwll be applied to the sunts
<br /> securod by tt�is Security instrument, whether or not tficn due, with any exeess paid to Borrower. If Borrower abandons the
<br /> Propery, or dces not answer within 30 days u notice from Lerule�that the iasurance currier l�a.c ofPered to seule a claim, then
<br /> Lender may cullect tl:e insutance proceeds. Lender may use the proceeds to repair or nstore the Pcuperty or to pay sums
<br /> secured by this Security Instrument,whether or nnt then due. The 30-day period will begin whcn the n��tice is given.
<br /> Unle.�.c Lender arxi 13orrower otherwise agree in writing, any application of pra.��ds to principal shall not extend or _
<br /> postpone the due date oi the monthly payments referced to in paragraphs 1 anJ 2 rr change the anxwnt of thc�5•ments. If
<br /> iiiwie� (HUi�iu�ii�2i ii�c ri��ie�iy ia:s�yui��tii uy ix�wc�. oui►��wri�a�igiii i��w�y i��.�u�aiu:c�x�ii►:ira wwi v�u�r,r�a irauiiing i�uw
<br /> d:unage to the Property prior to thc acquisition shall pass ta Len3er to the exc�n:of the sums secured by this Sec�rit}�Instrtiment
<br /> ia-.nwdiately priar to the ucquisition.
<br /> 6.Oceupancy,i'reservation.Maiatenance and Protectioo of the Prapert�;Barrower's I.oan Appiication;I.easebolds.
<br /> L'o+r�wer shalf oc:.upy.�.;tablish. y-�u�t;►a Prop�:�ty as Gor�wer's principal�•esidence within sirity days afttr�Ix�ution oF -
<br /> this Security Instrwnent and shal4 auuinue to occupy the Property as Borrower's princi�]residence for at least one y-ear after
<br /> the date of occupancy, unless Let�r oihecwise agrees in writing, which consent shall noi be unreasonably withheld, or unless
<br /> extenuating circumstances exist which are be�c�txl Borrower's control. Bonower st�ll not destroy, damage or impair the
<br /> Propeny, aliow the Property to deteriorate, or wmmit waste on the Property. Borrower shall be in de{ault if any forfeiture
<br /> action or proceeding, whether civil or criminal, is begun that in Lender's good fait6 judgment could msalt in forfeiture of the
<br /> Property or otherwise materially impair the lien crezted by this Security Instrument or I.ender's security interest. Borrowu may
<br /> cure such a defat�lt and reinstate, as provide�in paragra�h 18,by causing the action or proceeding to be dismissed with�ruliag �
<br /> that, dn Leader's good faith detern�ination, precludes forfeiture of the Borrower's interest in the Picoperty or other materi�l
<br /> impaim�►i of the lien creaied by this Sacurity Insirument or Lender's security interest. Borrower sha11 also be in default if
<br /> Borrower, during the loan application process,gati•e materially false or inaccurue infomntion or statemznu to Lender(or failed
<br /> to ptovide Lender with any material information)in connection with tfie lo�n evidenced by the Note,including, but nmt limited
<br /> to, representations conceming Borrower's occupancy of the Property as a principal residence. If this Secwity Instrument is oa a
<br /> Isasehold, Borrower shall comply with all the provisioiu of the lease. If Borrower acquires fee tide ta the Property. the
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<br /> 7.t'rotectton ot f.end�er's RiEhts ia the Property.If Borrower fails to perfome the covenants and agreements containod in
<br /> this Security Instrurnent, or there is a legal proceeding that may significantly affect Lender's righu in the Property(such as a
<br /> proceeding in banlcruptcy, probate,for candemnation or forfeiture or to enforce laws or regulztions), t}un L.ender may do and
<br /> pay for whatever is necessary to ptotect the value of the Property and Lender's rights in the Propeny. Lender's actiwu may
<br /> ;x�� �y�ng �y sums securod by a lien which has priority over this Security Instnunent. appearing in co�rt. paying
<br /> .: reaconable attorneys'fees and entering on the Property to make repairs.Although Lender may take action under this par�graph
<br /> ?,L,e,ader does noi have to do so.
<br /> Any artwants disbursed by [xnder under this paragra�sh 7 shall become additioria! debt of Borrower secured by this
<br /> Socuriry Instrument. Unless Borrower and Lender agree to other terms of p�yment, these amounts shall bear interest from the
<br />, date of disbuc�semeiu at the Note rate and shalt be payable. v�ith interest. upon nodce from l.ender W Bomowa rtquesiing
<br /> PaYmcat.
<br /> S.rtiio�tgage insurs�iice,if iender required mortgage insurasce as a condiUOn of making the toan secured by this Socurity
<br /> Inurument. Borrowu shall pay th°,premiums required to maintain the mortgage iacurznce in effect. If, for any m.�son, the
<br />. mortgage inwranee ooverage required by Lender lapsrs ur ceaces to be in effect.Borrower shall pay the premiumc required W
<br /> obtain coverage substantially equivalent to the moregagc insurance previaisly in effeci,at a r.ost subsiantially equiv�leat to the
<br /> , rnst to Borrower of the mortgage inwrance previously in effect, from an alumate mortgage insurer approved by Lender. If
<br /> substantially equivalent mortgage inwrance co�•erage is not av�ilable. Borrower shall pay to Lender exh month a sum equal w
<br /> onc-twelfth of the yearly mortgage insur.mce premium being paid by Borrowrr when the insuruxe coverage lapsod ac ceased to
<br /> be in effect.l.eader will accept,use and nettin these payments as a loss reserve in lieu of mortgage insuratice. Loss reserve
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