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<br /> � ' � S. Il�r.�rd or Yroperty Ineur�nce. 13c�rrower Rhell keep the impravement�naw exieting or hereafter orected on t •
<br /> the Property insure�egainat Ic�sa by firo,haxardg included within the term "axtended coverage"and any athar hnznrde, .
<br /> � including tlaude or flaxling,tor wh�ch Lender requires inauranco. Thie ineuranca shall bo maintained in tha amaunta :�
<br /> au
<br /> and far tho periads that Lender requires."1'he insuranco canier providing the insurence ehalt be chosen by Horrawer
<br /> �"''` subject to l,ender'a npprovel which ehall not be unreasonably withheld.If Borrower faile to maintsin cavcrege described _
<br /> � ��' above,Lender may,at I.ender's option,obtein covorege to prouct I.endar's rights in the Property in aacordance with '.;,___
<br /> � paragraph 7. ��
<br /> All insurance policies and renewnlo ahall be accepteble to I.ender and shall include a atandard mortgege clause. _
<br /> Lender shnll have tha right to hald the policies and renewals. If L,ender requires, Bc�rrower ehall promptly giva to _ __
<br /> Lender ell rxeipts ot paid premiums and renewal notices.In the event of loss,Borc�wer ahnll give prompt natice to the
<br /> � insurance cerrier and Lender.I.,ender may make proof oi loss if not made promptly by Bottowar. __—
<br /> � Unles9 Lcnder and Borrower otherwise agree in writing,ineurance prceads ehall be applied to restoration or repair ;:-
<br /> of the Prop�rty damaged,if the reatoration or repair is ceonomically feasible and I.ender's security ia not lessened.If the :j__
<br /> � restarationor repnir ie not economically teasible or Lender's security would be lessened,tha insurance proceeds ahall ba _
<br /> applicd to the sums secured by thiR Security Instrument,whether or not then duo,with any excess paid to Borrower.II ;Y
<br /> Honower nbandons the Property,or does not answer within 30 days e notice fram Lender that the ineurance carriar has �., _
<br /> offered tosattle a claim,then Lender may collect the insurance proceeds.I.ender may use the proceode to fiPa��� r,,, ,�___
<br /> � restore the Property or to pay sums secured by this Security Inetrument,whether or not then due.The 30'day pe �I;,...''�-
<br /> begin when the notice is given. `,'%,.,'`•:=
<br /> Unless Lender and Bcarrower otherwise agree in writing,any application of procads to principal ehall not extend or , : `
<br /> ,�:ti�;;�;i-��
<br /> postpone the due date c�f the monthly paymenta referred to in paragraphs 1�nd 2 or change the amount of the payments• •, s :_._
<br /> If under peragraph 2'1 the Praperty is acquired by I.ender, Borrower s right to any ineurance policies and proceeds ;,
<br /> resulting from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sume secured by �: '��,•
<br /> � "• this Srcurity Instrument immedietely pnor to the acqws�tion. lic�tiaa; ': -
<br /> 6. Oceup�ncy,Freservstiom, 11Saintenance snd Protectioa of the Praperty;Bonower s Lo�n App '
<br /> _� Leaseholds. Bortower shall occupy,establieh,and use the Property es�orrower's principal residance within sixty days �,:
<br /> sfteT ths tv�„rlon of th;a Security instrument and shall continua to occupy the Property as Bon'ower's principal :`:
<br /> residence tor at leaet ono year after tha dete oi occupancy,unlese L.endor otherwise agrcea in wriiing,whi�h conscn:�hs!! �-:
<br />- not be unreasonably withheld,or unless axtenuating circumstances exiet which are boyond Bonower's control.Bonower �;'--
<br /> ehall not destroy,damage or impair the Property,ellow the Property to deterionto,or commit weate on the Property. `
<br /> ' Bonower ehall be in default if any forteiture ection or procoeding,whether civil ar criminal,is begun thtt in Lender's �`
<br /> J� • • good faith judgment could result in torteiture of the Property or otherwise maurielly impair the lion creatod by thie .
<br /> - Security Inatrument or Lender's security interest. Aarrower msy cure such t deteult ertd reinetate, ae provided in �',,
<br />�'-�• ,r paregraph 18, by eeusing the ection or proceeding to be dismissed with � ruling thst, in I.ender's �ood f�►th _
<br />�,:''.;..,._.:; determin�tion,precludes torteiture ot tho Borrower's interest in the Property or other meterid imp�irment ot the Iten �:.
<br />- cruted by this Security Instrument or Lender's security inter�st.Borrower ehall sleo be in datault if Borrower.durin� �_
<br />�.�, the loan �ppltcstion procese, gave maurially false or inaccurate intormition or stntemente to I.,ender (or f�ilod to �
<br /> r�•-� provide Lender with any meurial information)in connection with the loan evidenced by the Noto, including, but not __
<br />---����• . limited to, representations concerning Borrower's occupanoy of the Property ae a principal residence. I[thie Security _
<br />--�-����:�;�' . Inatrumant is on a leasehold,Bnrrowor ehall comply with a11 tho provisions of the Ieas�.If Borrower acquires fee title to
<br /> +:`��`"'�'"'''>'• the Property,the lessehold and tho fee title ehall not margo unless Lend�r agreea to tha merger in writing. _
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<br />���_�:.'};;� 7. Pretection of Lendcr s Ri�hts ta the Property. If Borrower faila to partorm th�wvenants an agreemen
<br />''� �� contained in this Security Instrument,or there is a legal praceeding that mey significantly aftxt Lend�r's righta in the =.
<br />�.v��.�." pcoperty (auch as a procading in bankruptcy, probate, [or candemnation or forteiture or to enforce lews or _
<br />�;,.;�;;�;;�; regulatione),then I.ender may do and pay for whatever is necessary to protect the value of the Property and Lender's �
<br /> — •: � �" righta in the Property.I.eader's actione may include paying any aums secured by a lien which has priority over thie �_
<br />�—�.���-�-"� Security Instrument,appearing in court,paying reasonable attorneys'fces and antering on the Prop�rty to make repairs• =
<br />��;';�_";_ Although Lender may take action undar this paragraph 7,Lender does not have to do so. �.--,—
<br /> .`- �-A=-' Any amounts diabursed by Lender under thie paragraph 7 ehaU become additionnl debt oE Borrower secured by this �
<br /> i�-� `�`"' Security Instrument.Unless Bonower and Lender agrce to other terms of payment,these amounts ehall bear interest �;��:
<br /> _:r����, • �=.
<br /> , from the date of disbursement at the Not�rate and shall be payable,with interebt,upon notice from L.ender to Bonower
<br />�'':��,;;,_. .. reyuestinB PeYment.
<br /> � � ' y 8. Mort�ate Insurance. If Lender required mortgage insurance as a condition of making the loan sccured by this ` ��
<br /> _ Security Instrument,Borrower sliall pay the premiums required to maintain the mortgage insurance in eftxt.If,tor any
<br /> reason, the mortgage insurance coverage required by L.ender lnpses or ceases tv be in effcet, Borrower shall pay the
<br /> - premiums required to obtain covenge subetantially equivalent to the mortgage insuranca previously in effxt,at a cost ;;-
<br />' subetantially equivalent to the cost to Borrower of the mortgage insurence previously in effect, from an alternat� ;: _
<br /> mortgage ineurer npprovrd by Lender. It subatantially equivalent mortgage insurance coverage ie not available, _
<br /> • Borrower shall pay tn Lender each month a aum equal to one-twelfth of the yearly mortgage insurance premium being
<br />__ paid by Bonower when the insurance coverago lapsed or ceased to be in eftect.Lender will accept, use and retain these
<br /> payment9 es a loss reserve in lieu of mortgage insurance. Loss reserve payments may no longer be roquired,
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