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<br />_..��a.�•.,,�~4,�� ..c 5. Hnmrd or Pmperty Iasutauce. Bwmwrr �hall k�:p the impro�•ement�. naw eai�ting un c�rr.after arected on the ��.;.�
<br /> . Property insured against toss by fire, haxard� included within the term "ext�nded m��erage' and any uther h�zards, inctuding ,�;:���.
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<br /> flaods ur ftooding.for which Lender requires imarsnce.This insarance shall !A maintain��d in the�nountti and for the periods :;.,
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<br /> ' ,` , ,. „ that Lender reyuires. The irmurance carrier providing the insuran��e�hsll be chasen by Born►u•er subject to lxader's appraval
<br /> j�~` ' 'c �vhich shall not be unmawnabiy�vithhcld. If Borrower faiis ta maintain mve�age describai sboce. l.endrr may.at Leader's
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<br /> v;..f,...�„:__:z.:-: oprion,obtain rnvecagr to pmtect Lender's righu in the Property in accordance with patagraph 7.
<br /> — � r. AII inswance po�icies and rer►e�r•als shall be acceptable to Lendec and shait inciucle a�tan+i:ud mortgsge ctause. l.ecsdrt
<br /> �. � ' ;(, shall have the right to hotd the policies and rene�vals.Tf Lender requires.Borrower shall prompily give to Exnder aU receipts of �.
<br />� � '� paid premiums and renewal notices.In the event of loss,Borrower shall give pmmpt notice to the inse�ratcee rarrier and Lender. " �'
<br /> -.s�� • '� ' Lender may make proof of toss if not m�e psompdy by Borrower. _
<br /> ":e-� ' • ; UnlesS I.eiider and Borrower othetwise agree in writing.insurance ptuceeds shall be applied to restotation or repair of the ` '
<br /> ` �:• , .. ":i pnapetty damage�.if the restoration or repair is economi�aUy feasible and L.eruler s security is not lessened.If the cestotation or
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<br /> "• • ` �, •` air is not eoottomically feau'ble or Lender's security would be lessened.the iusuranoe pm c e e d s s h a!!be app li e d to t he swns �
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<br />-'�'i � :' .. : .::.,� secvied by t6is Security Tns�umertt. wkether or not then due. with any excess paid to Bomower. lf Borrower abandons the ,-.
<br /> � `e �� � Property,or does aot aaswer within 30 days a notice trom Lender that the insurance rarrier das offered to settle a claim. tlten 'i ;:
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<br /> . .. �,:-.- Lender may cotlert the insurance proceeds. Lender may use the proceeds to repair or restore the Pmperty or to pay sums ,�;"1 ,
<br /> •-:::i; ;�'':,�;5' secvred 6y this Security Instrument,whdher or not then due.The 30day period�begin whe�t the notice is g,iven. F��.
<br /> � �Q`'`�� lInless Lender and Bosower otherwise agrce in writing. any agplication af praeeeds to principal�uli aot exeend or :
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<br />= . ,< � F:: �% P���e due daze of the montlily paymenu wferred to in pacagraphs I and 2 or chang+t dne amonat oF the paymenLs-If ' --
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<br /> • "�,.. ; under paragtaph 2i the Property is acquired by l.ender.Borrower's rigbt to any insnrance policies and proceeds resulting firom " �.
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<br /> .;..`�.'':•`.�..,� damage to the Property prior to the ac�quisition shall pass w Lxnder to the extent vf the�uo,s sec�ed by.t�is Secariry Instrument ._,.
<br /> `=��'i4 immediatel norto the acquisiUon. •�.�.
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<br />:�� •. • 6.Qaa�paucy,Pre�vatfon,Mainteeaac�a�d Pcotectioa of ttce I�rog�tsr�orn►wer's Loan Ap�oliwt�on;LeaseBoids.
<br /> - gorrawer shap aca�py,establish.and use the Property as Borrower s principai residenae within sixty days after the execution of .,
<br /> ` ;,; �°��- this Security Instmment and shaU cananue w occupy the Property as Borrower s principal residence for at least one year after
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<br /> _ . ����.' . .4� :..�.� the date of oxupam.y.�mtcss i.ender othemiss agr�s in writing.which wns�at st�afl aot be unreasonably withheld.or unless
<br /> ` ; eatenuating circumstan�es'sst which are bcyond Harnnwer s wntrol. Eorev.�ec.shall not destmy, damage or imFair the ���-'
<br /> ,'••,•1.' 1?roperty. allow the Ptv w deteriorate.or comisss waste on the Properry:i3�ae;ower shail be in defanit if forfeiture ;''"
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<br /> �� `` • �adion or pmoeeding,wIr�civil or criminal,is begun that in LeaGei s gaod t�'rL judgtaettt coutd resutt in forfeimre af the
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<br /> ,�:,���. Propeny or otherwise matQrially impair the lien crrated by this Sec,uE��nstrament or Lender's seauity iraerest.Bormw�r InaY -
<br /> - ° cnre such a default an�re��tate.as provided in paragraph 18.by czus.�g the actoa�or prooeeding to be disnissed with a mii:r,g -
<br /> 1;:� ,�,. � tha� in Leader's gaod�c determination. preciudes forfeiture of the Barrar.�`4 interest in the Property or other material "-Y
<br /> imQairment of the tiea•�by this Security Instiument or Lender s s�s;ir'seerest. Borrower shaU also 6e in default if "�_=
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<br /> {: Borrower,durssti;rhe tc�a application pmcess.gave materially false or• �.e information or statements to Lender(or fa�ed � ...
<br /> - . ':,.� to pmvide C«!�°i with any material infom�ation)in connettion 'w�tW*�L�evidenoed by the-Nate.inctuding,bat not littritrai ,-
<br /> :. •%<< to,representations conceraing Borrower's accupancy of the'Propees;,�.a�rincipat restdence.If this Se.carity Instcument is�an.a �".''_��
<br /> �- �i teasehotd. Borrower shail wmpty with all the provisions o�thc:�ase. If Bar�wer acquires fee titte w the Property, tiss :
<br /> • •.`�, � `'� teasehoid and the fee tide sG�II not merge unless Lender agrees to thc merger in c�ting. Y `:-
<br /> -- �� '�: 7.Protecbton of Leadw's Rights In the Properiy.If Borrower fails to pecC�e�n the covenanu and agre�:ents contai�in •�`�:•
<br /> __ ,,�, r � tdis Security Ir�strament.or there is�,i;.�;al ProceeAing that may s"sgrificantty affeci Lender's ri��ts in the PropertY(su5�us�e ` '_�.
<br />-- � �� t` pmoeeding in bankruptcy.pmbate,f�7::,ondemnation or forfeitare ar to en!'flrce L�ws or • '�.:�-�
<br /> _- . .::� reguCyizvns).then Lender may��t -
<br /> . . �.: pay for whatever is ner��*•�+w gratect the value of the Property and i.en�c s�i�hts in the Property. Lender's acxions c�+y _
<br /> _ '��:r•�- inciude paying any ��ured by a lien which has priority over tfis. Saxuity Instntment. appe�aring in cotut. payiag ,':
<br />— ; ' .:_� reasonab2e attQrae!rs��:,s s��entering on the Pcoperty to make c�.fi�.Ai�hccsir L,ender maY take action under this paragiapb ��'�_
<br /> _ .� " ��. 7,Lender da�urt�.r•e r,J°�o so.
<br /> � :'����' Any amoiu,s da�ur,ved by l,ender under this paragraph 7 shall become addiGonat.de�t of Borrower secured by thls _
<br /> . ,. Security Insuument. t1n1:�:s t3orrower and Lender agree to other tera�s of pay�r,tiiese 1� shall beu inteiest fram the � _
<br /> �: � �: date of disbursement at ii5�itiote rate and shall be�ayable. wiffi interest. upv� natice fhnv.Ler,det tcs�'au�ower requestiag
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<br /> -�;. '.:�•r�..'Y;-,:: ,payment. • �,
<br /> =: • ��%�`;���,;.. �'; � 8.Mortgage Insaranoe.If Lender required mortgage insurance as a condidon of maldrr��e toan secured by this Secwiry
<br />.�� .:IF ':•-��'s���i` �;: Insttument,Boaower shall�pay the premiams required to maintain ihe mortgage insurance iR effect. If. for any reason, the :,� t
<br />-°-=�- ' ' �'� ' � mortgage insurance covett�,e required by l.ender l a pses or ceases to be in effect.Borrower shall pay the premiums required to ___�
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<br /> --- � � �;:k` obtain coverage snbs�nti:rLy equivsdent to the mortgnge insurance previausly in effect.at a cost substantially equivaIent to the = �'
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<br /> cost to Borrower of the cnortgage insurance previously in effect. from an altemate mortgage insurer appmved by Leader.If
<br /> -° � . ` � �i substantially equivatent mortgage insntance coverage is nat availabte. Borrower sha11 pay to Lender each month a sum equal to
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<br /> � . � .�.;s� on�twelfth of the yearly mottgage insurance premium bein�paid�l;y @orrower when the insurance coverage lapsed or oeased to
<br /> — � be in effect.Lender wiU accep�use and retain these payments as a u�:�s reserve in lieu of mortgage insurance. Loss resen+e ; '.,
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