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<br /> _ . .. � 5.11�rd or Propa�ty Insurahce. Banow�c shal!keep the improvemen�s now existing on c�res�fte.•crected on tho o�peny ;, �
<br /> tnsured against loss by fi�e,hazards incladed within the urm "exter�dad caveraga" and cv�y othcr t�:uarcis,G�cluJing Aouds oi ----,. -
<br /> flooding,for w6ich L.Endu requires insurancc.'lhis insuiance ahall be mainWne�in tha amounts and for the periods that L.ender
<br /> requires."lltie isnsurarnco carrier providing tha insurenco shall ba chosen by Borrowcr subjtc�to Lcnder's approvtil which shall not �. ;y'
<br /> U:. unc�on�3�y v�3hheld ff Bnrrorier falls to maintair� oovernge described �bnve, Lendcr may. ut Lendrr's opdon, obwi� .. .
<br /> coverege w protaa Lend�er's dghts in the Property�a acoordanoe with pareigraph 7. ..
<br /> p,ll ins�uanoepolici,es and renewais shull bo aocdpc�b3�to 1..ender and s�aU includa a stnndard mortgego clavse.Lender shWl
<br /> ;;,;r,,r _ have the right to hold tlse policles ond r�enewals.If l�r rcquires,Botrowcr s,hall prompdy giva to Lender sll receipts of pnid ' �
<br /> .«. premiums untl rcecwul nodcc.g.In thc event of loss,�orrowa shaA givo prampt noilce to tha insurance corricr nnd I.endcr.Ircnder
<br /> � � may raalca proc�f of lo�s if not made pmmpUy by Bwmwcr.
<br /> UnGcss l.cndu and 9orro��cr othcrwL�o agrr�in wri��ng,insuranco prc�cad!►�ha1�bo eppllcd to rc,csoraUon or rcpair of tho
<br /> property cls►magcd,if'thc rc.itcenndon ar rc�utir is cconomic.�lly fcasibb and l.�cndcr'F socudty le not b.�scnod.If t�o rc9toradon or
<br /> rcpair is nat ocaamk;ally [ca�fb{a or Lcndcr's sxurlty�+�+ould bo ksscnod.�ho insurunca pmcocds R1ull t►o applicd W tho Rums . , '� ' ;.
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<br /> � � sccurcd by Ihis Sccudty InAUUmcnt, whc�hcr or not thcn duo,with eny oxctss paid ta Rorcawcr. It BoROwcr abandons�hc ��r:�r=^;.`'�;;
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<br /> Property,ar dnca nnt onswcr within 30 claye a notko from Iw:�ndcr Ituu thd Insunnca ca�rcicr has o�Tcrod to sctdo a cieim,thcn �� • :
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<br /> Lendu may cc�lbct tho inaurnnco procoodi.Lcnda may usc tho procoade tc�rcpair or restaro 1ha Pro�pclty or to pay suma sccurcd �•.�.•. —
<br /> ' wIU bcgln whcn tho�wtZce Is glvcn. �."�'_
<br /> bY tI1�9 SOCUfit�/IASWtI1ClIl,whc�hcr or not then due.Tho 34day period --�"""
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<br /> � Unlces Lersdrr and i3orrowcr othcrwiso ag000 uo vrritirig,a�iY oR�lk�tb�ot goacceds to p r tnci p�l s h a il r.�t aitend�r pQS i g or_c ;;:,k;;_- - --
<br /> � - Iho duo dttc of Ua ma►thly payments ccferred w in paragrapha 1 ond?,or chAngo the amount of tho paymcn�s.If undcr paragreph . �
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<br /> �. ".. 21 die Fi����+u :.6Qui.�3 by Loitd�. EOSCGT••4i�s r!g!:*_IO�ny(r�g,�mnr�pplarl�p a�d �r()!'�'i19 r�anldQlg from dam9ge t0 ihC - �__'_,r _____--
<br /> ' '�� Yroperty prior W thc acqulstHon shall pass to Le,nder to tho extent of the sums secured by this Securiry Inswment immediately __ —��
<br /> " grior W the acc�ubition.
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<br /> 6.OCCY�Lty�1�1'l9SrVA1100�MAI�1EOiIICC YIId PfOtC�NOD Q�thC PrOptf�j�; Barrower'e [.oan Appilcatioo;Lencehokfs. ;���-
<br /> aorrc�wer shell oocupy.establlsh.and use the Property a.s Borrower's pdncIpal residenco within sixty days after tho execution of
<br /> this Sxurity Insaumerit end shell continuo to occnpy the PmpenY es Borcowu's princ{pal residencu for at least ona year afur thc
<br /> daie of occup�ancy. unless Lender othcxwise �ees in vvrltinB�which consent shall not be unn,a�onably withheld,or unless _A'""-°�"--' °
<br /> . , ' exte,nuadng circumstances exist which are beyond Borrower's conlrol.Bomower stiall not d�soroy.demege or impair the Prapaty,
<br /> , �• allow the Propary w deterlorate. or commlt waste on tha Property. Barrower shall be in default if aay forfeipue action or
<br /> pmcctxiing,w�ui�er civil or criminat.is i�cguw uuii��I.eadu's g��,d fati.•;}�a�g:r.t�t cra.d s�uls in€u�'r,i*sre�f s�Pt4��!y�* --
<br /> .'�,,:;u::;� o�r�matie�all�impair the lien cren►.ed by this Secnriry Instnxmer►t or Lu�@er's security interesG Borrower may cure such a �.
<br /> � default and rein�ate�as grovided in paragreph 18,by causing the acdon a procoPe.ding W be dismissed with a niting thet, in
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<br /> � Lcnder's goo�fdth detecm�nadon.pcecludcs farfeitiue af the Borrower's intaest in the Property or other mat«ial impetrmenc of � .
<br /> � the lien createel by tbis�ecurity Insomment or Lender's eccuriry lntecesG Bdrrowcr slu�ll also be in default if Sonrowex,during the �
<br /> • loon appHcation process,gavo materially false or tneccuraoe infomiadon or staxr:tena w Lendu(or failed w pcovide L�du with
<br /> ; , . ony materlal in[onnedon) in connoction aith the Iaaui evidenced by the NGte,utcluding,but not limited to,reprrscntadons _
<br /> �:, canceming Boirower'y accupancy of the Pro�ty afl a princtgal rcaidence. If ihis Security Instrument�S on a leasehold Aorrower =-
<br /> • shell comply wi�h all ths provisiane of the lease.I��orrower acquires fee dtle ta�he Property,tho IP,asehold and th�fee dde ahall _
<br /> ;°,, nat merge unles�i.endu e�ces oo the merger in writing.
<br /> `' � � 7.Protectio�o!Leader's Kig6ts im We Property. If Borrower falls t,o perfam the covenants and agreemeni�contained in
<br />�"�-_--•. �^'��::,, , this Sxurlty Instcument,a there is a legal proceeding that may signiCcantly affect Lendu's rights in the Pmpeity(such�a
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<br />�`�`:�:: ;;;!;;sJ,i,. , procceding!n bankruptcy,prabate.for condemnation or forfeiture or to enfom,e laws or regulations),ti�ui Lender may do and pay
<br />""' fa whataver is oec.e,�,sary tci pmtoct the value of the Prope�ty and Lender's da�ts in the Property.Lender's acdons mny include
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<br />= �;;:�„f�.•�,,.°� � DaYinB any sums sacured by e lien whlch has priotity over ihis Security I�strumcatt, aPP�N6 1Jl CAIITt, P'8YlI1B[tSSOI1AblC
<br /> -_-�`:';:;�.'..:i,;, atwmeys' fees end eattering on the Property to makc repafra. Although Lender may take acdon under tt�is paragraph 7.Lender _�_
<br />--� • does not have to do so. °`"-'
<br /> �: Any amoanta disbursasl by Lender under �l►ia paragraph 7 shall become eddidonal debt of Borrc�wa secured by this 5ecurit,y
<br /> Y�� ' "� � Inspumen�Unkss Borrowu and I.u�der agrce to othex umis of payment,these amounts shall bear intenst from tha dato of
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<br />- .:�'ms�..', d'uburscnx.�t at Uie Note mte and shall be payable�wlth intcrest,upon notice 6om i,ender to Bomower nques6n�PaYmen�
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<br /> ^.JSti r.�;;� .,;..,� 8.Mr�rtgs�ae Iosursina. If Lendu required moctga�go insuranc�as a conditi�an of maldng the loan socucrd by �his Security
<br /> °�":`s�,' Insuumcnt, Borto�vcr shall the maniums ccquired W malntais► the mo e insuranrc in effecG If, for en mason, the
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<br /> � d;:',,�;::":: mongage insurance covera�e requirod by I.enda lapses a ceases to be in effoct,Borrowu shall pay tha premiums required W
<br /> _ �'�"`'�7'�'�:'!" '` ' abtain caverage substandally equiva(ent w the mortgage insurence previously In offect,at a wst substnndally equivalent to the
<br /> � � �� wst to Horrow�er of the mortgege insuranca previously in effxt, from an altcmate mortgage insurer approvod by Lender. If E`
<br />- , � � +� subswitieUy equivsilent mortgage insurance covcrage is not available,Bonower shall pay to Lender each montiu a sum equal w � �l_ � �,k7:-
<br /> •� ,. ��� onc-twelfth of�e yearly mortguge insurance premium treing paid Uy Borrower when the ineurance wverage lapscci or ceased to ..;,�����"'"���
<br /> ' be in effecG Lcndeu well accept, use and retain thesa paymants as a loss re..erve in Heu of mcrtgege i.neurance. Loss reserve ,'� p;.�yi a�LL+?'�s
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