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<br /> 4.C�iee,��Zaos�:+s�t�(39t2cr Ciu�.�ec1 E�c�Pa�t�e� no��o�vcr shail ij�sura n11 iriipiovemcnta on tho Property. �vhcther naz�� in �'
<br /> oxistcncc �r subscyucntly etected,against auy ha'r.ards, cnsu�!des,ond candngencies,including firo, fnr which Lender req�ires =__
<br /> insuranco.'lhia insurenco shall bo maintsincd im tho emounts and far thc periods that Lcndcr eequirc�.IIormwer shail also inyuro —
<br /> all improvemenis on the Propeny,wh�ther now in exlstenco or eabsequently crecced,against loss by floods to the extent requiraf —
<br /> by c.he Serrc?�.ry. Atl InRUrmce ahall bo c�rrkxl with com�nies eRproved by Lender.'i'he ir.sura►�co pollciav and any�renewals -
<br /> ehnil b�hald by Lcndea and sh�ll includa loss payabl+�clnuacs in favor of,and 1n a form ecceptablo W,I.cndcr.
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<br /> In tho cveat of bss.Borrawcx shall gtvo Lc�nda immediato notico by mail,Lendu may mako proof oi ioss ii no�rtwde -
<br /> prompdy by Bonrower. ti�ch ins�renca camp�ny concemed is hereby aut�orized anel diroctut so me3co payment far such lo�s
<br /> dirocdy to l.ender, instesrd of w Borrowu and to Y.enclu}ointly. AU or any pert of tha inRUranco procads may bo epplled by
<br /> I.cndcr, at its option,cithu (a) to tha reduction of tho indebtGdnesa under tho Noto end this Socurtty Instn�ment, first ta eny
<br /> delinquent amounte epplied in the ordcr i��paregr�pfi 3,end Ihcn to prepayment of pdncipai,or(b)W thc restoradon or repair of
<br /> the dAmsged l�ropejty,Any applicadon of tho proceedy W Ihe pdncipa!shal!not cxtcnd or postpone the due dato of t�ho nionthty �
<br /> pnymw►te which are rofe�red w in paregr�h 2,or char►ge the nmaunt of snch payments.Any exc�s9 insaTHnce�►rc►ce.ed.g ovu an _ _
<br /> amuunt requircd to pay all outstanding indebudness undu tho hote and this Security Iti�strument ah�tl be taaid ta tha cndty legaUy
<br /> cndticd therew.
<br /> In the ovent of foreclosura of this Sxudry Insuumea�t ar othu transfer of dtb to tha Property thet oadngulshes tha
<br /> iiuiebtedncsa.aU right,duo anci lneeresc of Borrower in and a insuranr�policks in forca shail�s co�he pu�chaser. _
<br /> S.Occup�ncy�Freservatba�1N�intenaea tnd Protection of t6e Propa�tyi Borrowrer's I.aaa Appikatbn�II.aeebolds.
<br /> Burrower shall occupy,establish,and use tha Pmperty a9 Bonower's prineipal r�esldence within siaty daye aRcr tha oxecutiun of
<br /> this Sxurlry Inswment and sh�ll continue to occttpy�he Propaty ss Borrowa's principal nsidencn for at least one ycar aft�er the
<br /> date of oceupaney. unless tl�e Secretary detecmines this coq�in,mu►t will eause undue hacdship for Borrowu, cx us�ksa
<br /> eatenu�ting circumsWncei exist which auo beyond Bortowa's con�oL Barowtr shail notify Lendu of any axtenuating
<br /> clrcwnstances.Sorrowu Fliall nat commit waste or destroy,dsunage or substandally change the Pcoperty or sQow th�a Propuiy to
<br /> deteriorate,reasonabla wear end tear excepted.�nder may inspact the Froperty If the property is vacent or abandonod a the kw�
<br /> is in de,t�ult,i,ender may telca a�onabk ecdon to protect and preservu such vacant or abandoned Propaty.Borrowa shf11�Iso
<br /> be in d�feult if Bonowu,during tha lo:.n a�pllc,�ttion prcxe.9s,gave materially felso or insccarato information or st�temenU W
<br /> Lendu(ot failed to provWe L,ender with any mat�iial infortnation)ln connection wlth the loan evide�ced by the Note,inctnding�
<br /> Iwt not limited to, �+epre.�tadons concaning Borrower's axupancy of tht Proputy as a principai residerice.iF mu Socuriiy
<br /> Tns�nt is on s leastlwld, Borrowu sl�all comply with the provisions of tfio leaso. If Bomowcr acquirr,s foe titb to thc
<br /> ProPatY.the kasel►old and foe title stiaU not be merged unkss Lcndcr sgroes to tho mager in wrlting.
<br /> 6.C6uges to Borroaer�nd Protectlon ot I.�uder's Ri�hts in the Property. Bamwer'shall pay all govemma►tal or
<br /> municlpal chargaa. fu�s and Lnpositions �hat ero not includod in par�gragh 2.Horroau sh9ll pay dtese obligations on dme
<br /> directly to tho endty which is o�od the payma��If f�iluro co pay would advusely affect Leader's int�erest in the PropatY.�I�
<br /> I�nder'R reqtxsi Boimwa shall P�P�Y fumish to Lenda roceipts avidencing these psymet►ts.
<br /> If�orroNa fails to make thcsa pa�ments or tt�e payments roquired by par�aph 2,or fails to pafam any other c�venants
<br /> and a�oements cont�ined in this 5eaufty Insuumeat,or Rticra is a kg�l procoeding that may signiflcanily affoct Ltnd�x's rIghts in
<br /> the Propecty(sueh as a proceoding in benk�uptcy. fa condernnation or W enforce laas a negulntFons).then Leader may do and _
<br /> PaY whstever is nocessar,r W pt�ol�oct the value of�ho Property and Lender's rights Lt iho Prop:rty.inclndi�8 PaYme��t of pues.
<br /> ha�,ard insuras�ce ancl other itmm9 rnmtloned in pazugtaph 2.
<br /> My otnoonts disbursod by i,ender under this iwrt�gia�h shall becomo an edditional debt of Bucrowa and bo socwrd by thi�
<br /> S�urity,Ins�ument Ttv�„9e amount�ahall bear inuxest from tho data of d3sbursen�t,at the Nou�atc,and at the option of Lcx��da,
<br /> t�wu uZ�iiaiiFA'i36iclj�3uc�w�+�s'�wj-w's:"v.
<br /> 7.Condcmuuntbn. 'The pcocads of eny award or claim for damagea, diroct ar consoquential, in connection with any
<br /> conckmnation or othri taking of any part of the 1'mperty,or for conveyance in place of condenu�ation,nre henby assigned aad
<br /> shall be paid to Lender to the extent of the full�navnt of the indebtedrtess that rcmains unpaid undes the Note end this Security
<br /> Inst�unxn�Lcnder shall apply suc:h proceeds to the reduction nf the indebtedness ander the Note and this Socurity Insuument,
<br /> first w any delinc�uent amounu upplied in thc order provided in psragraph 3,and then to prcpaymcnt of princIpal.Any appli�etion
<br /> of the procoeds to the (xincipal shall rtot extend or postpone t2�e duo date of the monthly payments,whie;R� are nferre8 to in
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