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<br /> V �m �`°,"-% �orrower sha11 keep the improvemeats no�existing or hereafter ereaed oa the ' ''
<br /> ..; '�.�• : 5. Noza�d oe Property Iasuraace•
<br /> -�°:- :.�° ' ptoperty insured agaimt ioss by fue.h�ards included wiWin the term"exteaded coverage" and any other harard.s,includ'uig _ -
<br /> •��: "`'�� tToods or tlooding.for which Lender requires insurance•This insurance shalt be maintained in the amounu and far the periods �
<br /> ' � �`' � that Lender�equires. 'ff►e insuranee carrter Pmviding the insurance s4a11 be chosen by Borrower subject to i.ender s approvai �
<br /> '"T,-- —'�� which sfrall aui be unreasonably wiihhetd. if Earrnwer fails to maintain mverage described a6ove,I.ender may. at l.ercder's - -
<br /> �_,< ,� option.obtain eoverage to pmtecK i.ender s rights in the Pmperty in accordance aith p�ragcaph 7. • ,
<br /> � �� All insuranoe paiicies and reaewats shall be soceptable to Lender and shall include a standard mnrtgage clause. Lender �
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<br /> , " shall have the right to hold the policie�and re�wals.If Lcader requires.Borrower sha1R pmit�tlY give to Le n d e r a l l r e c e ip t s of � ;s�,,;;:
<br /> .�. `� � �'` paid gietniatrs and reaewa!notices.Ia t�e edent of Ioss,Borrower shall give prompt notice to the insurance caisier and Lender. � .,.{;_
<br /> ;-� • Lender may make pmof of toss if not alade promptty by Borrower. ;�";
<br /> �r <..: : Unless Letider and Bo:rower otheiwise agree ia�ag.insurance groce�ds shaU be applied to reswrauon ef repair of the !
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<br /> Pmperry dara�ed,if the restosation or r�ai=is eco�►iqlly feasiblc and i.ender's securiry is a�t tesseaed.If the t�estorar�o�ae � .
<br /> t 4�- � repair is nat econamiwliy feasi'bte or Le�dds security would be�ssened,the insurance prac�s sha116e applied to the sunas �-- _
<br /> ;,' `"•l'.f ,�f ' se�vred by this Securiry Insdnmen�w�zer or aat tbsn due,with aay excess gaid to Borr.swer.If Bormwer abaadons fhe
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<br />_:<�.•:. ::�:. : `` .� p�operty.or does nat answer arithia 3Q s a notice from Txnder that the ins�tt^�carrier�as offered to settle a ctaim,then ,�. .:
<br /> _-'::'�>� I.eader may collect the insurat�ce pm� L�ender may use the pmce,eds to ze�paiF t3r restore the PrupertY or to pay swns �:.;.
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<br /> ';•.,°°/ ` < s�by this Seauity Insaument.wh�or nat t h e n d u e.The 30-day period wTf�b e g i n,a�th�notice is given. f{_=
<br />�..�... r<< < ' ci shali nflt e�end or `�--=
<br />::,•o.,:; .. � '. Unless Leader and Bo�wer oth�c+�se agree'in writing, anY a�Plicxtioa of prace�s ta.prin 'pal
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<br /> `; - �nstQone the due date of the monthly PaYments nzferred w in garaBraPhs 1 anst 2�r.cha*�-e rhe aa�nrmt of the payments•if � ;y�;
<br /> • �u?der Paragra�b 21 the Pcopecty is acquired bY Leac�,$orrower's dght to aay i�F�c�s and proceeds resniting fcasn
<br /> �dmi�age to tJ�PmPerty Psior w the acquisition sha11 pass w Lender ta the extertt af q�svms sECxred by this Security Instrument �' _ .
<br /> �f � .
<br /> `, � immediazelg�rior to the ticquisition.
<br /> ' 6.�c9+Pr�servaHoa,Mai�t�artee and Ptotectton of 3�te Pr+op�ty,Bosrow�'�E�nan Appi�c�tton,L��1s �
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<br /> _`.`�� Bosrower s6all oocu .establish.azcd crse��'mpert�t as Borrower's principa!ressd:ac�wc'-..:.n�s'�t�r days after the e�eecnts�im of
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<br /> as B�rrower's ss,siltence for at teast one year after � ��
<br /> <<t:.�. ' :r tGis Seairiry Znsd�umeni and shall ooatinue w occup'�the PmPenY ��P�_ . � .- ._
<br /> ` � ' �,� ' •;� the date of occapancy.ante�Lender ot84'�+�se agr�in wndng,which co��shaal aot be uamasonabIy w(thltetd.or untess � _-
<br /> ,:is,�¢��'.�'�,., , ., �8 ���exist wluch,a�6eyond Borrower's caukal. Bomsarer.'sIIiall+�t;�d�troY. damaSe or impair tha � _
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<br /> . pcoperty;allow the Property to deter¢r��ate.or commit waste on t he P r o p e r t y.B a r m w e r�i i l��s e i n d e f a u l t i f a n y f o r f e i h u e
<br /> � -'f aaron or pmceeding,whether cirril or cri�ninal,is be�un that in 1.ender's good�irb judgmeat cou2d renilt in forfeimre of the . -_.
<br /> Y '..�.,�. .. :, :� p��o�erty or oihenvise materially impair the flen created by Wis Secutity Insuum.°rct a�r.Lender's security interest.Bomower may • `-
<br /> ' �rse such a.d'�fault and reinstate,as pmvided in paragraph 18,by causing the actt�an<sr proceeding to be disa�ss�d arith a niling $ `.-:..
<br /> �•� that. in�s gaod faith determinatian, Prectudes fosfeiture o€the Borrawets inteaesi in the Ptoperiy csr other mateiral � .;,
<br /> ' - - �� � ir�airment of the lien created bY this 3ecudty Inswment or Lender's securitY int:cest. Ba�nmwer shall also be In def�ulD if ---
<br /> ' ` Borrower.during the loan applicaaon process,gave matesially false or inaQCUrate Lnforcnatidn.i�r stafemenu to Lender(or far��d .�_
<br /> � �� ' �f w provide Ixnder with any materlul infarmation)in oonnection with d►e loan eva�sed by ttie Note,inc ia d ing,but rw t limi t e d �=�
<br /> ,. ��.' ._._
<br />- ° � .. ` . � W,rePresentations canceming Borrowe:'s occupancY of the Pmperty as a princi�a�sfdence.If this Securtty Instr�ment Is on a _
<br /> ��z lrasehold.Borrower shall oamply witfl ali the pnuvlsions of the lease. If Bon�wcs acgnires fee titte to the Prope�ty, the l;-:
<br /> � ''i leasehold en�We fee dtle shall not merge untess I.ender agrees to the merger itt writing. . , •
<br /> �.. ' . t 7.Prutedfoa of I.eader's Rights in ttte Property.If.Borrower fa�'Is to perform the ccsvw�'s and agreemenis coataimed in —_
<br /> . � � :.t�`ais Security Iasuumeat,c�z,ittere is a legal pmcead'L^.g that may signiftcantly 2��t L�nder's r��hhts in the ProP�►(suc6 as a
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