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<br /> � � S.Nszaraf ar Property lasurpnce. Aorrowcr shall kcxp ihc improvcmcnts now caisdng or h�tc�crccted on Uie Property E=_:
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<br /> � insurcd against loss by Cuc, hazacds Included within tha tcrm "cxccndcd covcragc" nnd any othcr he�.ords. including floods or �`.-
<br /> �� "' iloading,for which Lcnder rcquires tnsurenco.71iis insurence shall be maintained in the amounts end for the pedods tt�at Lendcr -•
<br /> ruyuires.The insucunee cnrrler provIdln�the insivance shall be ahosen by Borrower subject to Lertder's upproval which shs�!!not ��
<br /> ��.• bo untcasonably withhcld. If Borrowcr faiLg to maintain covcrage dcscdbed abovo, Lcndcr may, at Lcndcr's opdon, obtain �.
<br /> � coverage to protect L.ender's dghts In the Property in accordance with paregraph 7. -��
<br /> All inswencc poUcics und renewals shall bc ncccptable w L.cndcr and shall include a standard mortgsige clanse.Lender shall �_
<br />.:,a,_-.��-�•.��. havc thc right to hold tha poUcies and renowals.If Lender requires,Bormwu shall promp�ly give to I.cnder ell rceeipis of paid _
<br /> , . prerteiums and renewul notices.In tho event of loss,Borrower shall give prompt nopce to the Insurance carrier and L.ender.L.ender ��
<br /> , may make proof of losa if nat medc prompUy by Sorrowcr. �-
<br /> � � Unlcss Lcnder and IIorrowcr atherwiscs agrce in wcidn8�jnsurance Procceds shall be aPplled to restoration or repair of the
<br />�.+�}'..�� � prop�rty damaged,if thn reswration or cepair is economlcally feasiblc and Lcnder's sccurlry is not lcssened. If the mstoradon or
<br />'';�y};+�,'';. repair is not economicaliy fcasible or L,ender's securlty would bc lessened.the insw�r►cc proceeds shall be applied w the sums
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<br />- _ �� ,fi� , secused by thjs Securiry Instrument, whether or not then duc. with eny exccss paid to Borrower. If Borrower abandons the
<br />-�';:�i�.��,h� pr �or does not answu witk�in 30 days a notice trom Lcnder that the inswence carricr has offered to scWe a clsim,thcn
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<br />-ti.. `:'•,;:;a Lender may cc�lloct the insurance proceeds.L.ender may use the proceeds to repair or reswre the Property or to pay sums secured
<br /> �,;1.,•.�F;:;� � by this Security Insuument,whe�her or not then duc.'I7�c 30•day perIod will begin when thc notice is given. __
<br /> sc�,��r.1r�`:, Unless Lendu and Borrower otherwise agrce in writin8�enY ePF�on of proceeds to principal shaU not eactc,nd or pastpone
<br /> - � ��'�• hs !and 2 or change the emount of the payments.lf undex para�aPb
<br /> the duc datc of the monthly payments referred to in para�'dP
<br /> °_-r.;'.,r � 21 the Pcoperty is acqulred by I.emder.Bamnwer's right to ony insurancc polIcies and�roceeds resulting fror�damage to the
<br /> = ';��± Properry pdor co the acquisidun shail pacs co l.ender w the eutent of the sums socured by this Sacarity Inswment immedintely
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<br /> '�_:,;.,,. _ prior w the acquisidon. __�.
<br /> y`�'�� 6.Occupancy�Pres�rvatbn,MaintenRna And ProtecNon of t6e Property; Borrower's Lonn Applicatbn;L.easeholds.
<br />-i=''�-. . Borrower shall occupy,establish.and us�:the Property as Borrower's principal residence within sixty days after the execudon of
<br /> W M-:�" thls Security Insavment and shall condnue to occupy ihe Property as Botrower's princlpal resldence for at least one year after the
<br /> , --°:'w�?•• date of occupancy, unless I.ender otherwLse agraes in wridng, which consent sbeU not be unreasonably wIthheld,or unless
<br /> `"''x"`�`��s e�ctenuating cirewnstances exLst which are beyond Borrower's conirol.$orrower shall not destroy.damage or Lnpair the Property.
<br />- -_;�� nlluw ti,c F�a�-ty ta dcuaior^atc� or ccnssn�i::�ast� �n Lh�rr��,e.rry. Burrower shall be in defanit if any forfetture action or
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<br /> �.._v'�, proc.ading,whether civil or crlminal,is beBnn that in Lendu's goal fatth judgment could result in forfeiwre of the Property or
<br />---��;e� o��r�makrialiy impair the Uen cresud by this Security Instrument or Lende,r's securicy interest Hamwer maY cure such a
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<br /> ---_-_— default and reinstate.as provided in paragraph 18,by causing the acdon or praceedln8 to be dismis.9ed tivlth a rnling that, in
<br />--.-- - s Lenda's good faith detcnnina6on.Precludes fodeiture of the Borrower's inurest�n the Propeny or otha materfal impaim►u►t of
<br /> �..-'"'�"'�'' the lien created by this Seciuity Instnunent or Lender's security inte.rest.Borcower shaU also be in default If Bomower,d�ag tliee
<br /> - -�= loan applicadon process,gar•e mater3ally false or inaccurate informedon or state�nents to Lender(or failed to pcovide L.aicla with
<br /> _--= any matsrlal infomiadon) in connecdon with the loan evidenced by the Nota, including. but not limited w. npraentedons
<br /> =__--� conccming Borrower's occupancy of the Proputyr as a princlpal residence.If this Secarity Inswment is on a kasehold.Borcower
<br /> . shall comply with all the provisions of the lease.If Bo�rowa acquires fee dde to the Property.the leasehold and the fee dtk shall
<br /> not muge unless I.ender agrees to the meeger in wrlting.
<br /> 7.Protection ot Lender's Ri�hts in the Property. If Bomnwer fails to perform tho covenants and egrcemc.�►ts contau►od in
<br /> thfs Sec�uiry Insm�ment, or there is a legal prooecdin8 that may significandy affect Lender's dghts in the Propaty (such aq a
<br /> pro�peding in bankiuptcy,probate,for condeannation or forfeiwre or to enforce laws or nguladons),thw Lendec maY do and[�Y
<br /> for whatevcr is ne�essary to protect the velue of the Propaty and L.ender's rightv in the Propaty.L�ader's acdons may include
<br /> PaY�B any sums secured �y a lien which tia4 pdority ovar this Socurity Insuument,aPPearin8 in cowR,PnYL�B reasonabk
<br /> - — atwmeys' fces and entering on the Property to make repairs. Although I.ender may tak�action under th9s pareBrap6 7.I.ender
<br /> -- does not have to do so.
<br /> Any amounts disbiused by L.endet under this paragraph 7 shall become addidonal debt of Borrower secured by tWs Sxurity
<br /> Insuument Unless Borrower and L.ender ag�ee to other tums of paymen.t,these amounts shall bear intrsest fmm the dace of
<br /> disbucsement at the Note rate and shall be payable,with inteiesb upon nodce from Lender w Borrower requesdng payment
<br /> � 8.Mortgage Inaurance. If Lender required mortgage insurance as a condidon of making che loan secured by 1�his Sec�uity
<br /> --'� Instrument, Borrower shall pay the pcemiums required to maintatn the mortgage insurence in effoct If.for any reason, �he
<br /> -v---- — rovrtgage insivanee wverage requi�ed by Lender Inpses or ceases to be in effect,Bosrower shatl pay the pcemiums roquirod w
<br /> --_- — obtain coverage substantially equivelent w the mortgage insurance previously in effect,at a cost substantially equivalent w the
<br /> "��' cost to IIorrowei of the mortgage �nsurance previously in effaca,from an alLemata mortgage insurer ap;►roved by Lender. If
<br /> °.ra�� substantiully cquivalent mo�tgage insurance coverage is not av+ail•iblc,Aorrower shall paY to I.er►der each month a sum equal to
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<br /> �= w- onGtwelfth of the yearly mortgage insurance premium being paid by Bonrower when the insurance coveaage lapsod or ceased to
<br /> ' �i'��''"� �` be in effc;c� Lender will accept, use and retain these payments as a loss reseive in lieu of mortgage insurance. Loss reserve
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