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<br /> -��� S. Hwrd or Propa't9 6wra�ee. Bomnwer �II Iceep tbe impmvanenu os uin� or ketrafta erected on tho
<br /> _ pmperty iawrod s�iau lore by flro. hua� includ�d w�1h�n the term "cxte�ed cover�c"wd any�r lu�ard�. i�ludla�
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<br /> flooda oe tloodln�.for which l.erder cequira imuran�o.Thi�inwranoe sbdl be mointalned in the amount��d for tho pedods
<br /> =— ��r�j�.�i�purier pi+nvjdin�the inwraaoe slwll Ixi chosea by Barnawer eubject to Lender's�pprovd
<br /> _.•` which si�ll not be uan�conably withbold. If Borrower falls to mainWn caverage desrrfbed above. Lander may� At Lender's
<br /> •� eptioa.obtoin cover�e to protect Lendcr'e dghts in the Property in xcordence�vlth para�raPh 7. —
<br /> �� AII fnsuraixx policies and renewde o1wU be ac�cepable to L.ender aid Wwll iaclude a standa�d mortg�e clou�e. l.eader
<br /> ° ciwi�haye the dght to hold tlte policicw end reneaals.If Lender requias. Borrower ahal!promptly give to Lender all raxipts of `
<br /> _ _ piid pnmiums ujd nr�ewal aotice+. Ia�ha event of locs,Borrower aholl�Ive prompt notica to the insur�►ce can'ler and l.eader.
<br /> i�de�may malce ptnof of loas if not made promptly by Borcower.
<br /> -'�'"�"" Unleas I,ender and Borrower ot!►crwise agrca in wdt�ng, insurwkx proceals stiall be aPplled to restoration or rcpair of the
<br /> -- pcapehy da�naged,ff the restoration or�pair ic economicaUy feasjble ond Lender's seeudty is not lessened. If 1he restoration or
<br /> n;pair is aot economically feasible or Lender's secudty would be lessened,the insuranve praceeds ei�l�be applied to the suma
<br /> __—.r��, ��by � S�curity inatrument, wbether or not then due. with any excess paid to Borrowcr. If Borrower ebandona the
<br /> ��"�� pmpecty. or does not aaswer within 30 daya e not�ce from I.ender tlwt the insurAncx c�rricr has offered to settle n claim.then
<br /> —�: Lender may coUect the inauraaa praxeds• Lende�r�aY uce the proceeds to �+epeir or restore the Property or to pay sums
<br /> ----�--�_�� �ocurcd by Ihis Socudty lustrument• whether or not then due. The 3MIay pedod will begin when the notice is given.
<br /> 4,,,..,��r.���s Unless I„ond�r w�d Borrower athecwise agroe in writin8� �Y aPPlication of proceeda to principal sholl not extend or
<br /> — poetpope the due date of the moathly paymems referrcd to in paragraphs 1 aad 2 or change the amw�nt of the payments. If
<br /> �_,�,��� upder paragraph 21 the Property is s►cquired by l.ender,Bocrower's right w any inaurana policies and praceeds resulting from
<br /> _� —_=-;:�'=�+•i damage ta the Propedy prior w the�equisition 9ha1!pass to Lender to the extent of the sums sacuned by thic Socudty Inctniment _�
<br /> -:-;���t;'�� immodiately prior to the acquisition.
<br /> --�.��•.L• � 6.p�cup�,y,}htiservWion,Mwintenance and PirotecUop ot the Properly;Burrower's I.oan App1lcANoa;Leaseholds.
<br /> ���-"� Horrower shaU occu estab�ish.and use the Property as Borrower's principal residence within sixty days after the execution of
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<br /> '�+° thjs Security Instniment and chall continue to occupy the PropertY as Borrower's principal residence for at least one year after
<br /> � • � �;� the date of oocupaney,unless L.eader otherwiss agrees in wr�ting, which consent shall not be unreasonably withheld,or unless _
<br /> -���lY;.,; eactenuatiag cincumstxncxs eaist which are beyond Borrower's conuol. Borrower shell not destroy, damage or impair the
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<br /> . w� ;��.r�� Property. allow the Property to deter[orate. or commit waste on the Property. Borrower shall be in default if any fo e tuc+e
<br /> -- 73t:� } ectioa or procoe�iag,whether civll or cdminal,is begun thet in Lerder's good faith judgment could result in fort'eiture nf the
<br /> �" � ,..�•, prope�ty or o t he r w ise ma t e d a l�y I m p a f r t h e l i e n c r e a ted b y this Securi ry Instnrment or Lender's security interest.Borrower may
<br /> � '` �'r�f'��•' cure such u default end reinstate,as provided in paragraph 18.by caueing the action or proceeding to be dismicsed with a ruling
<br /> �q�,:r�,:� i�u�t. in Lendcr's good faish Qeursn':nattun, preeh�cle.c forfeiture of the Borrower's interest in tho Property or other meterlal
<br /> �� k� impaim�ent of the lien created by this Securlty instrument or Lender s security intemst. Borrower shall also be in default if
<br /> �— " '�• , Horrower,during the loan applicAtion pracess,guve materially false or inaccurate infarn�ation or sPatements to Lender(or failed
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<br /> - ..';;ti; �o provjde I.ender with any matedel information) in connection with the loan evidenced by the Note,including,but not limited
<br /> --•_`"� `�.:,'� , to,representations concerning Borrower's a:cupancy of the Property as a principal residence.If this Security Instn�ment is on a
<br />:::' Irasehold, Borrower shall comply with all the provisions af the lease. If Borrower acquires fee title to the Prope�ty, the
<br />-� ' �'�" leasehold and the fee title shall not merge unless i.ender agrees to the merger in writing. ' a• •
<br /> - �'�`0'.�a.°"��'' 7.Protection of Lender's Wghts M the Property.lf Borrower fejls to perfortn the covenonts and agrcements conteiaed in
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<br />-� �..,��W,� this Secudry Instrument, or there is a Icgal pracecding that mny significantly affect Lender's rights in the Prope�ty (such as a �
<br /> ;_ •• �:a._:., prooecding in baniwptcy,probate. for condemnation or forfeitu�e or to enforce laws or regulations),then I.ender may do and
<br /> _ " �'�`"'�a pay for whatever is nacessety to protect the value of the Properry and Lender's rights in the Property. I.ender's actions may
<br /> ''J��?� y ° include paying any sums secured by a lien which has priority over this Security Inatrument. appearing in court, paying
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<br /> '' ,"" 1' ` neasonable atwrneys'fees and entering on the Pmperty to meke repairs. Although Lender may talce action under this paragraph
<br />.`s� � ��`• ` �"',. 7, [.ender does not have to do so. —
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<br />_�� :"�j, �1'��� Any emounts disbursed by I.ender under this paragraph 7 shal l become udditional debt of Borrower secured by this _
<br /> "- �.��1.� r�'`� Security Instn�ment. Unless Borrower and Lender agree to ottier tem�s of payment. these amounts shall bear interest from the _-
<br /> �, d a t e o f d i s b u r s e m e n t a t t h e N o t e r a t e a n d s h a ll be pa yable, with interest. u p on notice from Lender to Bor�ower requestin�
<br /> � � •� ��� payment.
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<br /> =;, •R„•r.-� � ". �,, 8.Mortgage Insurance. If Lender required mortgage insurance as a condition of making the loan secured by this Security
<br />_� " +'�~-"� • IIIS�rt1me11I, Borrower shall pay the premiums required to maintain the mortgage insurunce in efYect. If. for any m.ason. the
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<br /> , mortgage insurance wverage required by Lender lapses or ceuses to bc in cffixt.Borrower shall pay the premiums roquired to
<br /> ' J ,�� « obtain wve e substnntiall uivalent to the mort s� e insurance reviousl m effect. at a cost substantially equivalent to the
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<br /> -, .:� ` •f � cosl to Borrower of the mortgage insurance previously in effect, from un alternate mortgage insurer approved by Lender. If —
<br /> �, � � • substanti�lly equivalent mottgage insurance coverage is not s�vailAble,Barcower shull puy to L.ender cach month a sum equal to ��
<br /> �������� , one-twelflh of the yearly morcgage insurance premium being paid by Borrower when the insurnnce covernge lapsed or cc,ased to �
<br /> .��.::, be in effect.Lender will accept,use and retain these payments os n loss rescrvc in lieu of mortgage insurw►ce. Lass reserve
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