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<br /> •,.� S. H�rd or Praperty Ir�ar�s��. Snrec�er shaU keep the improvem�nts now existing or Ir.�eafter erecxed on the �'=''
<br /> Property insurad against loss by fire.haa�zds iacIuded w'nhin.the term extended coverage" and any other i�azards, includiag ��V
<br />:� . ftoads or flooding,for whieh L.ender requirvs irttwance.Th'ss insurence shall be maintai�.ed in the amaurts and for ihe perieds �''
<br /> ,� that l.ender ie�quires. 7'Ae insuranoe caf*isr prr.�eiding the i�surance shall be chosen by Bo�rower subject to Leader's approva! ��.�
<br /> � .. whirh shali not be unmasanably withheid. If�uc,swer fails ta r�n*a+n coverage desrribe�above. Yxr.der nray, at Leader's ��f;
<br /> option,a6tain rnvecage to protect Lender's ri�ht�ia.the Pro�serty ia acrnrdance�vith paragra�ssh 7. �e�z��'
<br /> ` . All in5uranre policies and renetvASs shull bu acceptable to Lender and shall inciade a standard enortgage clause. Lender E;=`'.
<br /> � _- shall have th:right to hold the policies aa�d renevrt�ls, If Lender requires,Burrower shall prompdy give to Lender all receipts of �'T-
<br /> ..�.—��-- pair�premiu�s and rerntival noric�s.In ths e�ent.af.loss,Borrower shali give Frompt norice to the insurance carrier and Lender. �:._,_._:
<br /> Lendet may make proof of loss if not mE�e pramptt;�by Bnrrower. �u°
<br /> ' ' Un2ess l.tnder and Borrower atherwis:agr��iQ,writia�.insurance proceeds shali be applied to restoration or repair of the �±
<br /> Fmperty daznaged,if the restoration or rzpair is�mmiczdlti+.f��t[e and L.ender's security is noi tessened.if ihs restorarion or =---
<br /> ' r�air fs not econpmiss�lly feasibte or I.r..nder'e s;a�tri�.y wouTotr[sw lessened,the insurance procePds shall be appiied to tttt°soms -
<br /> � sec�tred by this Security Insdurrt�nt,whether or nnt.[hen due,with any eacess paid to Boaower. If Borrotiver a6ar.�ons ths ��
<br /> ; Froperty,or does not answer within 30 dags a antirte fiom Lender that t�e iasurance carrier i�as offered to setile a claim,th_n ��
<br /> � Lender may collect the in5uiance proa�ds. L�:ndet m�y use the procceds t��epair or restore the �rty or to pay sums l���.
<br /> " secur�4 6y dus Security Instiumer-�t.a,hether or nut.thtm dittr,'fhe 30-day Rer�f�ailt be^��w1;en the notice is given_ fwT:-'
<br /> � ". UniQSS Lender and Borro�aer othenvise agtue iu.•wrsu:�g, any application of. g�.s to principal shall not eatend or
<br /> , pcstprone thz due date of the mnnihly paymcntu n.•fst�td•ta.in paragraphs 1 and 2 or. d;r�e the amouni of the paymeats. If "�"•`"'
<br /> - urfler para2�ruph 21 the Property is acquirad by f�:tid�sr.Borrower's right to any insurance policies and procceds resulting from f.�-�_
<br /> ,• ' dainage to the Property prior w the acqaisitian shA![�Sa�t to L�nder to the extent af the s�ms secured by ihis Security Tnsmunent �_�
<br />. imn-�edi�tely prior to the aequisition.
<br /> � 6•�ncY,Pr�servat[aD,Niaf�.E�QUr,�e aarrl�'�'otat�a7n��$the Frog�4y;Borro�er's Loan Appldcatfo�;Y�oiai�. �.'
<br /> Bornosvsr shall oocupy,establish.and us�dte Pt��r.ry as l�3t.sc�nt�'s principal residence within sacty days af4er the exe�ioes of �
<br /> -- t�tis�:t;iii-j L-uuatyr.�i u�a5aii wri��,�tv u,.-�xy�;r �ta F�'���tby as,Bar*ower's principal residence iur at Ir,a�t uuc ys�-i aftCr
<br /> ' .� ' ttc�date of occupancy, unless Lender otDtenvis�agr•res in,•��sQ, which raottsent shall not be unreasonably withheld,cr cW.'� e.v``-
<br /> � exoenuating circu�stances exist which are beyand F,�arsr�+��t s conuat. Born�wer �hall not destroy, damage os icr�e.i: i� �.
<br /> ' ' PYdperiy. aitow the Property to deteriaratc,ar catamit wnatrs�on the Progerty. Borrower shall be in default ig a�f F."����.-�. —
<br /> actfo�tt or proceeding. whether civil or rrimintd,is begurt t�tux�in Lendes's good fai�je�dgment cau[d rault in forfeisls�er t� �
<br /> . Progerty ar oth.rwise materially impair the lie.n crratsd 6y,thia Security Instnunent or Lender s security interest. Borrow�r may �-_�:
<br /> ' rura sucfs a default aad reinstate,as provided i.u.pu�gra}�h.18,by causing th�action or proceeding to be dismissed with a ruling �
<br /> �. . that. inJLender's gond faith determinatian. pmclv►�s fcr�'¢iiur:of the�raawer's interest in the Ft�c�ty or other material
<br /> .." im�airm�nt af the lien created by this Securi:*j"�Gs�t�;.mant�or,Lender's sesurity interest. Borrower shrill also be ia default if
<br /> • Bo7ro�vec.duping the loan application pmcs�c.�nt�fe mAUSri�lly faSsQ or inaccvrate information or statemenu to Ler.�4or fai2ed
<br /> ' ta psovid�Lender with any material inf�rasrdnn,�in.oflrm�.�iun raritft t4so loan evidence�i by the Note,inclading,but not limited
<br /> � . to.,regresentations oomceming Borrower's occupiwr�-of r�.(�i+��ar�y,as a pri_acipal residence. (f this Security Instcun�enc is on a
<br /> � , teuseho!�. Bonower shall compiy with a!! ttle ptr.�visiot�c of.the te�se. t€Bomnwer acquires fee ade co the Property, tha ���
<br /> ". leasaholdl and the fee tide shall not merge unto�Fa:nder a�u�ta�rhe nnerger in wriHng. ��`•
<br /> • 7.Pmtectlon of I.ender's Rtghts im tt�s�opnrty.I���sravrer fails to perform the covenants and agreements coniained in
<br /> �. this,Security Instrumen�or there is a Iegsil prcc�zd3�tg,t'r�t may.signefienntly affect d.ender's rights in the Praperty(such as a ��
<br /> ° procealing in bankrug�cy.probate. for condemnntii�n or forfeitua:or tc ectfu�rce laws or regulations).th2n L.ertder may do and _
<br /> � , pay.for whatever is necessary to proteci thn valtu:�oC•tte Ps�perty and 1.Erai�r's righu in the Property. L.ender's aciions may
<br /> � .• .: in�Iude paying any sumg secur�d by a li�n v,LiIch:bns•prf�ery over this Sr,carity Instrument, appearing 1n ooun. payia� ..f._
<br /> � reasor..:���e auomeys' fces and eni�sing on rbo Frr{�erty ta�a�tnc.c�pairs.Although Lertder may take actioa u�er tlais�agraph
<br /> - : '� 7,I�G:r does not have to do so. ' — °
<br /> ��,�; My cu►wuais disbursed b� r.eender under.thia paragiaph 7 shall�x,.-+�ue additional debt of Borro�ver secured by this
<br /> ° . Securlty I�tnunent. Qnless Borrower and L:ndor Qgn:e to other temas oE.�ayment,these amounts shap bear interest from t6e
<br /> � . date of disb�rsement at the Nate rate and sIltdf��Do payebte. with interest, upon notice from Lender to Sonawer requesting .�:
<br /> payment. : '
<br /> . . 8.1Viot4gag�Ias+uraace.If fu.rs,der nc�uin�d martr,�t�qe•jns,umnce as a oondition of making the loan secured by this Secvrity
<br /> . �, i�trument, Borrower shall pay :t;e pnemiun�cequin3d ta �►aintain the mortgage insuranoe in effect. If, for any reason, the
<br /> � ` mortga�e insurance coverage requirad t�}fia:ntier�Iapr�or ceases to be{n�:tfect,Barrower shall pay Q1e premiums re�uired to —
<br /> �. obtain cmeiage substantially equivEtent t:o th��mpngurodnsurance pr�vinu:ty in effeet.at a cost substnntialiy equivalent to the =___
<br /> cost to Borrower of the mortgag�irsntunav pr¢vinat�S;nin r:ffi::.¢. frcm a.n alternate mortgage insuter approved b3r Lendet. If __
<br /> � substantially equivalent mortgag�i�s�smna�c�o�retage�is not ae�aila�fe, Borrower shall pay to Lender each month a s�.�t equal to
<br /> � one-tK•e1M of the yearly mortga�e ins�:rrjnao promium•haing��:d by Borru�L�r when the insurance coverage lapsad or ceas�a;d to
<br /> ,' 6e in affect.I.ender wfll accept.ose and�etaia�thu�e paymenis as a loss rr.�c�e in lieu of �mortgagc insurance. Loss reserve
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