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Fourth, to amortiz�tion of the principal of tl�e Note; and � O �� O O O ��
<br />Fifth, to l�te charges due under the Note.
<br />4. Fire, Flood and Other Hazard Insur�nce. Borrower shall insure all irnprovements on the Property, whethcr now
<br />in existence or subsequently erected, ag�inst any hazards, casualties, and contin�encies, including fire, for which Lender
<br />requires insurance. This insurance shall be maintained in the amounts and fox the periods that Lender requires. Borrowcr
<br />shall also insure all improvements on the Property, whether now in existence or subsequently erected, a.g�inst loss by
<br />floods to the extent required hy the Secretary, All insurance shall b� cartiec� with companies approved hy Lender. The
<br />insurance policies and any renewals shall be held hy Lender and shall includc loss payahle clauses in favor of, and in a
<br />#orm acceptablu to, Lendcr.
<br />In the event of loss, Borrower shall give Lender immediate noticc by rnail. Lcndur may make proof ot loss if not made
<br />promptly by Borrower. Each insurance company concerned is hereby authorized and clirecteci to make payment for such
<br />loss direetly to Lender, instead of to Borrower and tc7 Lendcr jointly. All or any part of lhc insurance proceedti may be
<br />applied by Lender, at its optian, either (a) to the .reduction of thc indcbCcdn�ss undcr the Notc and this Security Instrument,
<br />first to any delinquent amnurrts applied in the order in Paragraph 3, and thcn to prcpaymcni of principal, or (b) to the
<br />restoration or rcpair of thc damage�� Property. Any applicalion of the proceeds to the principa] shall noi cxtcnd or postpone
<br />the due date of the monthly payments which are referrcd to in Paragraph 2, or changc thc amount of tiuch payments. Any
<br />cxccss insurancc procccds ovcr an amounl rcquired to pay all outstanding indehtedness under the Note and this Sccurily
<br />Instrumcnt shall be paid lo the entity legally entiticd thcrcto.
<br />In the event of foreclosure of this Security Instrument or other transfer of title to the Property that extinguishes the
<br />indehtedness, all right, title and interest nf Borrower in and to insurancc policics in forcc shall pass ta the purchaser.
<br />5. Occupancy, Preservation, Maintenance and Protection of the Property; 8orrower's Laan Application;
<br />Leaseholds. Box.tawer �hall occupy, establish, and usc ihc Property as Borrower's principal residcncc wiihin sixty days
<br />after the execution of thiti Sccurity Insttument (or within sixty days of a later sale or transfer of thc Properiy) and shall
<br />continue to occupy the Property as Borrower's principa.l residcncc fot at lcast onc ycar aftcr thc clate of aecupancy, unless
<br />Lender deter.mines that requirement will cause undu� hardship for Borrower, or unlcss cxtcnuating aircurnstances exiat
<br />which are heyond Borrower's control. Borrower shall notiCy Lcndcr of any cxtcnuating circumstances. Borrower shall
<br />not commit waste or desire�y, damage or substantially changc thc Properly or allow thc Property to detcriorate, teascm,ahle
<br />wear and tear excepted. Lender may inspect the Property if thc Properly is vacant or abandoned or thc loan is in dc:fault.
<br />Lender may take reasonable action to protect anc] preserve such vacanl or abandoncd Properly. Borrowc:r shall alsa be in
<br />default if Borrower, during the loan a�plicati�n procc;ss, gave materially false or inaccurate information or statcrncni.ti to
<br />Lender (or failed to provide Lender with any material information) in conncclion with lhc loan uvic�enc�d by the Note,
<br />including, but not limited to, representations concerning Borrowcr's occupancy of thc Property as a principal residence.
<br />If this Security Instrument is on a leasehold, Borrower shall comply with thc provisions of the lease. �f Borrower acquires
<br />fee title to the Properiy, lhc leasehold and fee tiilc shall not be merged unless Lender agrees to the mer�er in writing.
<br />6. Condemnation. The proceeds of any award or claim for damages, direct or canaeyuential, in connection with any
<br />condemnat'ron or olher t�king of any part of the Property, or for conveyance in place of condemnati on, are herehy assigned
<br />��nd shall be p�tid to Lender to thc extent of the ful) amount of the indebtedness that remains unpaid under the Note and
<br />this Security Instrument, Lender shall �pply such proceeds to the reduction of the indebtedness under the Note and this
<br />Security Instrument, first to any delinquent amounts applied in the orderprovidcd in Paragraph 3, and then to pre�ayment
<br />of principal. Any application of the proceeds to the principal shall not extend or postpone the due date of the zra�nthly
<br />paymentti, which �re referred to in Paragraph 2, or change the arnount of such payments. Any excess praceeds over an
<br />amount required to p�y all outst�nding indebtedness under the Note and thi5 Security Instrurnent sk�all be paid to the
<br />entity legally entitled thereto.
<br />7. Charges to Borrawer and Pratection of Lender's Rights in the Property. Borrower shall pay al] governmental
<br />or municipal charges, fines and impositions that zre not included in Paragraph 2. Borrower shall pay these ohligations
<br />HCFG-00703
<br />FWA �eed af Trusl-NE
<br />VMP�
<br />Wolters Kluwer F'inancial Services 201012294.0.0.0.4002•J201009�2Y
<br />Revised 4/96
<br />Page 3 of 8
<br />'7418910216'
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