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<br /> � S.{i�zard er Prc+perty Ansurence. Borrowcr sh�ll kcep thc improvemenGg now cxisting or�ter L�Cki��lh�tlll4`�roP�nY �
<br /> insnred agalnst loss by Cue, ha��'ds�neluded within the krrn"axtended covecage" and any other har.ards.includ'u�E [loods or • . ,, . - „L;
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<br /> " flooding, for which Lce�dcr rcquires insurencc.'Ihis insuraace sheU bc maintaincd In the amounts and for thc periads that Lendcr . .. a��'.,. ,. __,�_,
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<br /> ,,,.;.,,�"; �uu�,'�h�insuxancc carricr providing thc insurancc stull bc choscn by Boaowcr subjxt w Lcndcr's npprovsil which shull not . .. ;i'�
<br /> °"�" bc unrcasonably withhcld. Yf Borrowcr faiLs to maininin covuagc dcscribed abovc, Lcndcr may. at LcndcPs option, obtein '.' ,���_
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<br /> covcragc w protcct i.endcr's rights in ihc Property i n accor d u a a w i t h p a r a g r a p 'r�Fs;x,�::
<br /> AA insuronce policies end renewals shall be ecceptabkto Lender and shall includa a standard mortgage clause.Lender sha11 ;,-.�:�`:�:-_-_ _-
<br /> huvc the right to ha►d thc polkies and renewals.If Lcnder requires,Borrower shaU promptly givc to Lcndcr ali receipts of paid .:,;4-_��'
<br /> premiums end renewal notices.In the ovent of loss.Borrower stiell give prompt notice to the insurance carricr and L.ender.Lender �_��„A,:
<br /> may makc proof o[loss if not madc promptly by Borrowcr. :__�__,,,�.
<br /> ' � Unless Lender and Borrower otherwise agrce u►wriGna.insurance proceeds shall be applicd to restoradon or rcpair of the ___ _
<br /> prope�ty damaged,if the restoration or repair is econanic�lly Feasible and Lendu's securiry is not lessened.If thG�swradon or •:_
<br /> �" rcpair is not oconomically fcasiblc or Lcnder's sccurity would be kss�ncd,thc inswrance pruceods shall be apPllai tn the sums ��W�
<br /> � secure4 by this Sccurity Ins�rument, whether or not ltsen due, with any caccess paid tn Borrower. If Borrower abandons the �'.'�
<br /> � Property,or docs not answer within 30 days a notice from Lcnder that the insurancc carrier has offered to settlo a claim.then °_::^'1._,e_
<br />- I.ender may coUect the insurancc proceeds•Lende�maY ��P�g tO repair or mstore the Propecty or to pay sums secured �,:__
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<br /> ' by this Security Insuument,whethet or not then due.'[he 30-daY Period Will beSin When the nodce is givan. _-��-•
<br /> Unlcss Ler►der and Borrawer otherwise agnx in writNB. �Y ePPU��Qn of procccds tn principal shall not cxtend or postpone ___
<br /> � the due date of the monthly payments refea�;d to in para�8r+phs 1 and 2 or changc the amount of the payments.If under paragr.iph ____
<br /> 21 the Propercy is acquircd by Lender,Borrowcr's rightto any insurance pollcles and proceeds resulting from damage to the =_ -
<br /> pcopeity prior to the acquisidcro shall pass to Ler►der to ihe extent of the sums sec�ued by this Se�urity Instiument immediatety ;__-
<br /> prior w the acquisipon. ��t� ---
<br /> 6.OccupAncy,Preservation,MainteaancQ and Protretion of the Property; Borrower's Loan AppUcation;Les�ssehold9.
<br /> Borrower shall occupy,establish.and use th�PropenY a+gortower's principal residence within sixty days after the eaecudon of
<br /> __-_-= this Sxuricy In�iruu�e+zt ar�d stsalt conrinsse te�ugy t-h��?I'�Y�Bocrower's Qrincipal residence for at least one year after d�e
<br /> date of occupancy, unless Lender otherwise agrees tn writi�8. Which consent shall not be unreasonably withheld, or unless
<br /> - � • �tannating circumstanc,�s exist which arc beyond Borrow�r's control.Borrower shaU not destroy,dart�age or impair�he Proper�y.
<br /> � '. allc�w�he propercy to deteriorate.or commit waste on�he Propercy. Borrower shall be in default if any forfeiwre action or
<br /> ' a c�
<br />' ', :: pcoceeding,whe�hcr civll or criminal, is begtm that in L�nder's good faith judgment could result in forfeiWre of the Propecty or
<br /> }, p�h�,yse mete�ally irnpair the lien crcated by this Secwity Instrument or Lender's securiry interesG$mtrower maY c�ue such a
<br />- ".. .i�.fautt:.s►d reinstate, ss providcd in naragraph 18.bY ausing thc action or procceding to be dismissed with a ruling that,in _�—_ - -
<br /> .. .. � Lender's good faith detcrminadon,Precludes forfeiture o(the Borrower's intcrest in thc Propercy or othe,r material impaun►ent oi - --
<br /> � the lien crcated by this Security Instiument or Le�►der's sxuriry incerest Borrov++er shall also be i�defanit if Boerowu,during ihe _
<br /> loan epplicadon process,gave matuially false or inaccura�e information or statements to Lender(or failed to provide Lendu with
<br />_•_ .�•,�, , a�►y matuiai informadon) in connection with the loanevidenced by the Note, including, but not limited to, representations
<br /> -�,-•�,'�� conaming Borrowu's occupancy of the PcopertY ag a FMCipal residence.If this Sec�ui►y Instrument is on a leasehold,Bocrower
<br />='"`'"';" v�9ions of 1he lcase,If Borrowcr ecguires fce ade to the Prapeity.t1�e leasehold and thc fee dtle shall
<br /> , ' shali comply with all thc pc�o . .
<br />.:;,�,;.:': .�, not rt�ge unless I.cndcr a8rees to the merget in wridng.
<br /> 7.PI'OltC�Of LlOdCt'9 RI$biS ID t�!PfO�t�. It Baerower fails co perform the covenants and agroements contained iR
<br />- ' '��'�'� � this Security Insuument,or ther�is a�gal psoceeding�hat may sigai�'tcanlly affect Lender's righu in the Property{such a5 a
<br /> - �°'� p��c�ding in banyuuptcy,probate,for condemnation or forEeiture or to enforce Iaws or regulations).then I.,ender may do and pay —
<br /> - foa whaeever is neces,tiary to protect the value of the Property and Lender's rights in the Property.Lender's ecao�+s ma�c�le
<br /> -°'`� .�y. PaY�B �Y sums secumd by a Uen whlch hac prioritr over this Security Instrument, appearir►8 in court, PaY�B
<br />=;'�a�,�,� suomeys' fces and entciing on the Property co make rcpairs.Although L.endcr may take acdon u�der lhis paragraph 7,L,e�der
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<br /> - ,�,..•� - docs not have to do so.
<br /> ,;��,.,,,;-:• pny amounts disbursed by Lender under this paragiaph 7 shall become addidonal debt of Borrower socumd by this Security
<br />_,�.E"',�, Instrumea� Unless Borrower and L.ender agre,e to otl�er tcrtns of payment, thcse amounts shall bcar interest from thc date of =_.•--
<br /> • disbutsem�nt at the Note rate and shall be payable.with imc=cst,upon noticc from Lendu to Bo�rower requesting payment �.��
<br /> � S.Mortgage Insur�ece. If Ler►de�requind mort�age insuro�►ce as a wndioion of making the loan secured by this Seciuity -
<br /> Inswment, Borrower shall l�ay ihe pre�iums requirrd to maintain the mortgage insurance in effect If. for any reacon, the - _--___
<br /> • mortgage insurance coveragc required by Lender laps�a o.T ceases to be in effect,Botrower shall pay the premiiuns roquired to ��TS�`�'°_-
<br /> " obtain coverage substanGally equivalent to the mortgagt i�surance previously in elToct,at a coss substantially equivelent W the ;;r�;�,,���
<br /> cost to Borrowa of the rnortgege inaurance prcviously in effect, from an aluxnnte mortgaEe insurer approved by Lender. If _-_ __
<br /> substa�tinlly equivalent mortgage insurance covcrage is not availnble,Boaowcr shall pay to I-ei►der each month a sum equal to = -- �
<br /> onatwelfth of tha yeariy mo�tgege insurance p[�emium bcing paid by Bocrower when the insurance covcrage lapsed or ceased to �
<br /> be in eifec�Lcodet will xcept,use and retain t hese paymec►is as a los� re s erv e i n G c u o f m o N g a g c i n s u r a n ce. L o s s r e s c r v c ����J��_
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