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<br /> � r�� � S:Hezsrd or Property IasurBnce. Horrower shall keep the impravementa naw dxist3ng or hereafter erected on =
<br />_ �,..: ,�' �he Praperty tnsured ugainat losa by tire,haiarda included within the term"extended cavecage"and any other hazards,
<br /> . .,� including flaods or flooding,for whtch I.ender cequires inaurnnce.Thie insuranco shall be maintainsd in the amounta
<br /> and for the perioda that Lender requlr�. The ineucanco carrler providtn$the insurance ahali be ohc�.gan by Bvnower
<br /> '' "� `��� subject ta Lendec's appraval whtch Rhall not be unreasonably wtthheld.If$arrower fails to maintain cover�ge described
<br /> � �� � abova, I.ender may.at Ixnder's option,abtain covera�e to protect I.ender's rights in tha Fropercy in acc4rdanaa+xith -
<br /> , ;�� paragraph 7.
<br /> �;� All insurance policfea und renawals shall be accepteble to I.ender and shall includtl a standard mQrt�aga clau�e.
<br />-- ���-'''��'� I,endar ahall have the right to hold the poliai�a and renewele. It L�►dar eeyuires, I3c�rrower shall promptly givo to .
<br /> I.ender all receipts of paid premtums and renewal natices.In the event of loss, Borrower shall give prampt notice ta the
<br /> --+�� insuranca carrier and I.ender.l.endar may mako proof of loss if not made promptly by Horra�ver. '
<br />�%�_-••—� Unle�s I.ender and Bonower otherwise agree in writing,insuranca pmceeds ahall be appli�d to reatoration,orrep air
<br /> ` of the Praparty damaged,if the restoration or repatr ia economicalty feasible and Lendsr's security is nAt l�ssen�d.:I�th�
<br />---—:-�r restoration or reQalr is not econon►ically feasible or I.ender's seaurisy would b6 lessened,the inauranaB pruaseds sh�11�be
<br /> ^, , applied to tha sums secured by thia Security Instrument,whethor or not then due, with any excass paid ta BArcotv,�r.If
<br />, . . � Borcawer sbandons the Property,or does not ansaer within 30 days a notice from Lendar.that th�insur�nas carrier has
<br /> a offered to settle u alaim,then Lender may coliect thc Jnsuranae praceeda. Lendar may uae ths praaeeda to.rc�pnirt or �
<br /> „ � . restore the Praperty or to pay auma seaut+ed by thia Security Instrument,whathar or n4t then.dus.Th�a 30�-day�p�!idd�will _
<br />,:.;.,:.�,�.; � begin when tha notice ia gtven.
<br /> - Unles.a I.ender and�orrower atharwisa agres in writin�,any applicatian of proaeed�to pdno'ipal��hall not extend or
<br />' '' ''•``�, postpone tha due date of.the moathlyp�ymenta retorred to in paragraphs 1'and 2 or change the amoi3:it�#tha payments.
<br /> ��.+'t_F;.. !t under paragcaph 21 the Property ta aaquired by Lcndor,.Borrow,er's right to any inaurance pol�icies and proceeds
<br />`:N�i�a:. resulting from damage to the Property�g�or to the acquisititrn�haU�pass to L.ender to the extant ot the�aums secured by
<br />._ .���;. this Sec��rity InRtrument immediately pr�or w the acquie,�iqn,
<br />�•''`"'"'"'� 6.Occupaacy�Praservatton.Mainteaanae eud Prutcutidn of the Property;!$qrrowe�'s 1(;oan AppHcetian;
<br /> ='=�='� Leasebolds.Borrower ahall occupy,establiah„�qd uss ths Pt+�perty as Bor�wer's principal residence�vithin sixty days
<br /> _ �=�:T
<br />" .h,�•� after the execution of thie Security Instrumsnt�and $hall oontlnue to occupy tha Property as�Barroaer's principal
<br /> _ residence fqr at least one year aft�r ths dats of.Qooupuney,�misa9 Lerider othetwise agcees in writing,which cortsent shall
<br /> v�.�NY f�, not be unreasonably withheld,or unl�ss eatanuating ciraum�Ges exist which are beyond Borrower's control.Botrower
<br /> ��%%c"��� shall not destroy.damage or imp�r tha Pnopert�;allow the Praperty to deteriornte,or commit waste on the Property.
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<br />-°�-�s�; Borrnwer shall be in dsf�ult if any iorf�itut+e aat we or proceeding, whether civil or criminai,ie begu�that in Lender s
<br /> _�-���� good faith judgment could result in forfeitut+e crf�the Property or otherwise materially impair th8,lien created by thls
<br />_'`'=�u�.'� Security Instrument or Lender's security interest. Borrower may cure sach a detault and reinsuite,as provided in
<br /> -- _ patagraph 18, by causing the action or proceeding to be dismiesed with a raling that, in I.ender's good faith
<br /> determination,preclu�es forfeiture of the Borrower's intereat in the Property or other matarit+l impairment of the lien
<br /> - _ __= created by this Security Insttume,nt or Lender's security int�r�ot.�orrower shall also be in detault if Borrower.during
<br />--_--==---� thc loaa applicatiott process, gave materislly fa�se or inaceurrexe in�ormatian or scetements to L�ender tor failed tv
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