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<br /> S. Harnrd or Property Insuranee• Borrower �haU koep the improvetneau aow exi�tiag or hera�ftet erocted oa tho I ° �
<br /> Proparty inaureri aQafast loss by fin, haratde iaclttdal withtn the term 'extended covenge" �ad aay other haurda. Including � .
<br /> floods or floadIaQ, for w4Ieh Lender requfra Iniuraaee.'Ihi�in�unace sb�11 lxi maintai°°d Ir�the unounta iud for the period� ' _.e:.�=,'
<br /> UTA�LOII(IEf triQUI[Ea. 'lhe iaruraace carrier provtdia�the inaur�nce�hal ba cho�oa by Borrower rubject to I,ander'E�pprovd ,'?�.�--,.
<br /> which ahdl aot be uare+�sontbly withheld. If Borrower fail�W m�intaln covea�e dacrIbed tbove, Leudar may, at Leader'e ._,.,;��=
<br /> opdon,obuia covenge to protect Lcnder'e riYhte in tho Property in accordanco wIth pangaph 7. ':�;;_.�_,�.�
<br /> � All Ineuruice p�liciu md reaewale ahall be accepuble to T..eader and ah�ll tuclude�atutdacd tnortgage clauee. Lender '�__
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<br /> s6a11 have the right to hold the polIcIa end renew�ls.if I.ender roquires,Borrower eh�ll promptly gtve to Lender dl recaipta of - _�
<br /> p�id premiume and ronewal notice�.In the eveat of loss,Borrower eball giva pmmpt nottce to the ineurwce carrler wd Lwder. �•�!�
<br /> • Lender mty make proof of loss if not made promptly by Borrower.
<br /> Unlesa L.eader aad Borrower othorwiee agree in writing,inewxnce procoode ah�ll be appliod to reatoratton or repair of the
<br /> . Property damaged,If the restontion or repdr ie economtc�lly foasible and I.eader's aecutity is not la�ned.If the testontion or �,';�--
<br /> repaGt ie not economlcally fe+iaible or Leuder'e eocurity would be leseeaed, the ineurwco proceed.s�hall be appliod ta the�ums ,., •..
<br /> secuted by thle SocurIty Instnimeat, whether or not then due, with u►y excess paid to Bonower.If Bosrower tbandotu the •�
<br /> Property,or does not�aswer within 30 dRya a notice frara I.eudar that the ineuraaca carrler h�s offec+ed to sottlo n elaim,then
<br /> L,ender auy colleet ihe ineurnace procade. I.ender may uee the proeaxlo to np�Ir or restoro the Pmperty or tn psy aums � .
<br /> sxu:nd by thie Securlty Instnuneat,whether or not Wen due.'Ihe 30�ty padod wtll beg[n when the aotice ie given. '
<br /> Unless Lendar �nd Borrowor otherwiae agree in wrltIng, Any applicat[oa of proceeda w pria:.ipai �h�il aot extead or
<br /> postpoae the due date of tho montbly piymcnts rofemed to in pangraphe 1 and 2 or cFunge the�mouat of the paym�nta. If ',�
<br /> uader puagraph 21 tho Propercy is acquired by Leader. Bonower's right to any insur�nce policies wd proceeda rr,aulting from �;�
<br /> �. duaage W the Proparty pr�or co the acquiettion shall ptss to Y.endar to the extent of the sums eecured ty this Securlty Inrttumeat .. '�
<br /> immodiittoly pdor to We acquie[tIon. • . p
<br /> ,� 6.OccupancY,Preservatfon�M�[ntenwnce and Protcetion of the Propertyi�rrower's Loaa Apppca8on;La�seholds. , �t;r�
<br /> Borrowar ehall occu ����'.` �'t '`
<br /> Py,eatabUah,aad uee the Property as Borrower's prIncip�l restdeace within eixty daya atter the exxution of , .�
<br /> Wie Securlty Inetrumeat and ahall conttnue w occupy the Property�s Borrewer'e princtp�l reatdeace for at le�at one year afWr "•,��+'
<br /> �� che daie of oeeupancy,unlcr,�I.aueior�tha,-a�3sa agr�r:as in wr�ting� �:hieh consent sl�all aQt br uar���bly wfr�nld,ar unte,s -- " --- '.``��
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<br /> � extanuating cirewn+tances exlst which are beyond Hottower'e control. Borrowar ehdl not destroy, d�ma�o or impair the �,�
<br /> t Froperiy, dlow the Property to daterIonto, or comatit w�ste on the Property. Borrower ehall ba ia dofxult if�uy fotfetture � `
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<br /> action or proceoding,whether civil or crlmla�l,is begua thnt in Leader'e good fdth judgment cc�uld reeult in forfelturo of the �
<br /> � Property or otharwiea mateddly impair the lien crested by thia Securlty Inattumcut or Lender'a eecudty intere+t.Borrower m�ay ��'��
<br /> � cum euch R defi�ult aad reinetata,as provided in puagraph 18,by ewaing the actlon or proceeding W bo dismleeed wIth a ntling � v
<br /> that. in Lcnder'e good faith determindt€on, proeludes forfe[ture of tho Borrower's tnureat in the Property or otb�er mitedal r�'
<br /> � impaimxat of tha lien created by thts Securlty Instntment or Lender's secudty intanst. Borrower shtll �lw be in default if —_
<br /> � Borrowot,during the loan application process,gaNe matertally falss or inac�w�ate inforuu�doa or statements to Lendor(or fiiled ''-.,�.�_._,��—
<br /> to pravide Lendar with any material informatlon)in wnnocdon wlth the loan evidenced by the Note,iacludin�.but not limited �•��m�:�
<br /> to,reprtsentatlone concerning Borrower's occupancy of We Property as x principal residence. If thie Security Inetrumeat ie on�t `�'^
<br /> leaeehold, Borrower ehall comply wtth �11 the provieione of tha lase. If Borrower �cquires feo tifte W the Praperty. tho ,�
<br /> � leasehold aad the fee tttle ah�ll not merge unless Lender agc+oes to the merger in writing. ,��„
<br /> 7.Protection of Lender's RtQhffi in the Property.�f Horrower f�ila to perform the coven�nta md agreemante contained in rt
<br /> � thia SecurIty Instrument, or there ie a log�l proceeding that may eignIficuutly affect Lender's dghte in the Property(BUCh as a .;���:._
<br /> proceeding in banlcruptcy,probxte, for condemnation or forfeiture or to enfome laws or regul�tior�), y ��rR
<br /> � t6en Leader ma do aad •a��:.�— —
<br /> pay for whatever ia nocesssry co protect the value of the Property and Lendar's rig6te in the Propercy. Lender'e Fctlom may .�,�y_,,�,_ _
<br /> include pay i ng any suma secured by a Hen which has priori t y over thie Security Instrument, �ppe�ring in court, paying _`==_
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<br /> reasonable attomeys'fees end entering on the Property to malce repairs.Although Lendar may tnke iction uader thia putgnph ,�?�;�;�;,;,,�_..�
<br /> , 7,L.ender does not hxve to do so. �•''-.�'���'0"'�
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<br /> My amounte dieburaed by I.ender under Wie paragraph 7 shall be.come addiNonal debt of Bomower secured by tWe , J�r�
<br /> I Securlty Instrument. Unless Borrowet and Lendsr agree to ot6er terms of paymeat, these amounta ehill bear intereat from the '��,+,.�'•-• �
<br /> date of dtebursemeat at thu Noto rate iu►d shall be payable, with interest, upon nottce from Lender to Botrower requestIng
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<br /> i 8.Mort�a�e In4w�nce. If Lender required mortgage insuranca as a condition of making tha loan exured by thIe Securiry - .
<br /> Instrument, Borrower ehnll pay the promiume requlnd to roaintain the mortgage insnrauce in effeet. If, for any reason. tho .
<br /> � � mortgage jneurnnce coverage required by Lender lapses or ceases co be in offect,Borrower ahall pny the premiums requirod to
<br /> obtain coverage aubstaatially equivaleat to the mortgago insurance proviously in effect, at a cost subatant�ally equlvalent to the
<br /> = cost to Bonower of the mortgage ineurance previously in effxt, from an alteraate mortgage insurer approved by Lender. If
<br />= subatantially equivxlent mortgage insurauce c:oversge ie not avxilable,Eorro�ver shall pxy to Lender each month a sum equal to i
<br /> one-h+:elfth of the ye�rly mortga;e insurance premium being paid hy Ror�rower when the ineurance coverage IaNsed or ceased to !
<br /> be in affect. Lender will accept,uso and retain these payments ae a loss n;serve in lieu of mortgige insurence. Loss reserve ;
<br /> 114- 16 3 5 Form so2s srao �
<br />_ ' �•6RINE!iestt�.o� LT044 p.u.soee �
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