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<br /> f 9�-� �U�459 `
<br /> � . '� �� ,S. Hazerd ar Pruper�y Ir�eae�s►ce. Borrower shall keep tha improvements now existiag.,r hescaieerer�cted on -
<br /> ' �� �s� the Yroperty insured againat loss by fira,huzards incl uded within the term "extended caverage"und any othar hazatde, _
<br /> � „ � �� ' -including tlooda ar flooding,tor which Lender requires insurance.This insurance ahaU bo maintaincd in the �maunta =_
<br /> . • ��-..�� ond tor the periada that I.endeT tequlrea.The Insurance carrler provIding the inaurance shall be cAosen by Horrower =
<br /> subje�t ta I.ender'a approvat tvh�ich shnl!not be unreasonebly withheld.ff Borrawer fatis to maintc;in coverago d�.ccribed �
<br /> � � abava.Lender may,at I.ender's option.obtein coverage to protect L.ender's ri�ltts itt the Proparty in accatdance �vith �
<br /> � � '-f paragraph 7. °
<br /> -}��,::.... ,. � . All ineurenca poltetes and renewals ahell be acceptabla to Lendsr and ahall includa u stundard mortga�e clause.
<br /> . �•-� Lender ehail have the right to hotd tha policIes and renewals. It Lender requires. Borro�ver shall promptly give to
<br /> ':. " � I.Cndee ail receipte oP�Qatd premiurrte end ranowal noYiccs.In the event oi loss,Borrower shnll�ive pc�mpt notice t�the :
<br /> • ' insurance carrler and Lender.Lender may make prooi ot loss if not made promptly by Honowet.
<br />' ���'�''=•=-��-' Unless Lender and Borcower atherwise agree in writing,insurance proceeds shall ba applied to restoration or repair
<br /> ^� � of tha Property damaged,if the e�staratlon or repair is economicelly feasible and Lender's security is not lessened.If the
<br />:���°-�-;, : restotation or repair is not econamtcally fcasible or L,ender's security would ba lessened,the insurance proce�ds shaU be
<br /> � agplied to the suma secured by this Security Instrument,whether or not then due,with any excess pa�d to Borrower.If
<br /> � Horrower abandons the Property,or does not anawer �ithin 30 days a notice from Lender that the insurence carrier has
<br /> ' ofiered ta settle a claim.then Lender may collect the insurance proceeds. Lender may usa the proceeds w repair or -
<br /> trswre tha Pmperty oc ta pay sums secured by thia Security Instrument,whether or not then due.The 30'day period tvil l
<br />- � `- begin when the notica ie given.
<br />-;1;�-'." Unless Lender and Borrower otherwise agree in ariting,any application of proceeds to principal shall not dxtend or
<br /> � postpane the due date of the monthly paymants rcierred to in paragraphs 1 and 2 or chenge the amaunt of thepayments.
<br />-�.,��:�.� ;ti If under paragraph 21 tha Propercy ie eoquin^d by Lender. Bonower's right to any insuranca policies And proceeds
<br />- - resultin g Irom dama ga to the Pro p a x t y p nor to the acquisitian ehall gasa to Lander to the extent oi the suma secured by -
<br /> ��; `�r,r.��; :'� � this Security Instrumant immediately pnor to the acquisition. �
<br /> :-;;;.�.:��.:::� 6.Occupapcy.Preservat�on, Maiateaance uid Pro4ectton of the Property;Borrower's Lc�n Application;
<br /> °`'�' ` Leasebolds.Bornower shall occu�y,establieh,ead use the Property as Borrower's principal residence aithin sixty days
<br /> :;;'1;:: :
<br /> after the execution of this Secunty Inatrument and ahall continue to occupy the Property es Borrower's principal
<br /> ,.,��, residence for at least ona year after the dat$of occupancy,unless Lender otherNise agcees in wridng,which wnsent shall
<br /> not be unteasonably withheld,or unless extenuating circumstsnces exist which are beyond Borrower s contrul.Borcower
<br />.:':.�=:�!'++�;�' . shall not destroy,damage or impair the Property,alZow the Pmparty to deteriorate.or commit waste on the Propert�t� .
<br /> ,.:;�,;>,,-„_� Borrower shall be in default if any forfeiture action or proceeding,whethet civil or criminsl,is begun that in Lender s _
<br />_ - good taith jud�mant could result in torfeiture oi the Property or otherwisa materislly impair the lien created by this =
<br /> ��fk{q,�;.' ,° Security Inmument or Lender's security intereat. Horrower may cure such a deiavlt and reinstats,as provided in � ---
<br /> �.�,..:... .
<br /> paragraph 1& by causing the eation or procxeding ta ba dismissed with a ruling that, in Lender's good att _
<br /> � '�`* # determination,preoludes forteitvre oi tha Bonower's interest in the Property or other materla!irnpairmentof the liea :. .
<br /> _ :�`;�t5�"�?�'[! . cteateti by ihis aeouriiy Inrsiruma�i ur Iau�'$e�cu;�ity.iriter�st.�rroa;ar�s�!!s!�bs in defaultif BorsQwAr,�•�r��� ,
<br /> �°"��: -- ihe,toan a licatiui► ave ir�aterieliy faiea or iva�:w�stn ii�turmaiiou or r►�tsiteraenta ta l.er►der (or faite�w
<br />��:�;:t,:�yr_.�� PP 1���g
<br /> ;-�:�:��'�F pravida Lender with any material intormation)in connection with the loan evidenced by the Note, including.but not
<br />'�;;� �limjted to, representatIons concxrning Borrower's accupa�cy of the Property ss a principal crsidence.If this SeCUrity
<br />—_----� , Inst�ument i8 on�a leasehold Borrower shall comply with all tha prc�visione of the lease.If Bon'ower acquires feetid�to��
<br /> - �'^?.[fi�a'�a .• the Pmperty,the leasehold and tha fee title ahell not r�nerge unle�5 Lr.�der agrees to tha mer$er in writi ng. ,
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