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�wv.ln.vi . . . . . . . . �....5� . ._. . �1�A�1. � . S!)1M�111N1'M��A��T�:r� . __.�. . . 2-.'b�l, . . .y� —_ —_ - -.L.��...Y.i':�'.�:t-1'IYTLt:�oa�_ ��' - 'r�.`.'�� .:.�. �_—_.��iy�-—_—___ 97-�.0�'94S S. Hprnt�d or Property Insu� Borrower shell keep the impravements �exietiag on c�reufter ercxtcd on the Pr�perty insured against loss by fire. hazards included within thc tcrm"�xtcnded coveragC"and any other hazArds, including flaods or flooding, for which Lender rcquires insurnnce.This insurnnce shull be maintainod in the nmounts and fnr the periads that Lender requires.The insurnnce cunier providing the i�surunce shall be chasen by llarrower subject to Lender's npprcwal which shuU not bc unrcusonably withhcld. If Borrower fails to malntain covcragc dcscribed above.Lendcr may, nt Lcnder'� optfon.oUtain cavc�•:►gc to prutcci I.��ulcr's rig6t:,in thc Properiy in uca�rd:►ncc with p•rragruph 7. - All insurance policies and renewnls shall be acceptuble to Lender nnd shall includ� a �tundard monguge clau.se. L.ender shall have the�ght to hold the policles nnd renewnis. If Lemler requires,Banower shull promptly give to Lender all receipts of paid premiums and renewul�wtices.Ia the event of la5s.Barrower shall give prompt notice to thc insursukc carrlcr and l.endcr. L.ender may make proof of loss tf nat made prompdy by B�rrower. Unless L.ender and Borcower otherwise agree in writing,insurance proceals shall bc applied to restoration or repair of the Property darnaged,i f thc rcstoration ar repa{r is economical ly feas►ble and Lender's securiry is nat lessened.If the restaration or repair is not econor_aically feasible or Lender's security would be les.uned. the insurance procoeds shall be applied to the sums secured by this Securiry Instcument, whether or not then due. with any exoess paid to Borrower. If Bormwer abandons the Arope�ty,ar does not enswer within 30 days a notice from Lend:r that the insurance carrier has offered to settle a claIm,then L.ender may collect the insurar�ce procoeds. 1.eader may use the proocecls to repair or restore the Property or to pay sums secuc�ed by this Securiry Instrument,whether or not then due.Ttte 30-day period will begin when ihe notice is given. Unless l.ender and Borrower otherwise agree in writing.any application of procoods to princip�l shall not extend �r postpane thc due date of the monthly puyments referred to In paragraphs 1 and 2 or change the simount of the payments. If under paragraph 21 the Property is acquired by I.ender. Banower's right to any insuranre policda and procceds resulting ft�nm damage to the Property�rior to the acquisition shall pnss to Lender to the extent of the sums secured by this Security Instrument immadiately prior to the acquisition. 6.OocuQancy, Preservation,MatntenAnce and Protection o[the Property;Bonrower's Lo�n Application;Leaset�ofds. Borrower shaQ occupy,esteblish.and use the Properry as Borrower's principal�+esidence within siaty days after the execution af this Security Instrument and shall continue to occupy the Properry as Borrower's principal residence for nt least one year after the date of occupancy,unless i.ender otherwise agrees in writ�ng,which ec,nsens shall not be nnnasonu6ly withheld.or unless - extenuating cIrcumstances exist which are beyond Borrower's contmL Borrower shall not dest�oy. damage or impair the Property.allow the Property to deteriorate, or commit waste on the Property. Borcower shall be in default If eny forfeitut�e action or praceoding.whether civil or criminal. is begun that in Le:ider s�ood faith judgment could resu(t in forfetture of tt� = Properry or aherwise materiaiiy impair the iien created by ttus Secur�ty Insuument or Lender's saurity intercst.Borrower may cun such a default and reinstate,as providod in paragraph 18,by causing the action or pra.�ecding to be dismissed with a culing �, d�at, in Lender's good faIth determination, precludes fodeiture of the Borrower's interest in the Property �r othec materiel - �mpairment of the lien created by this Security Instrument or I.ender's security intet�est. Bottowtr shall also be In default if .� Borrower.during the lou�applicatIon process,�ave materially false or inaccurate infortnadon or statements to Lender(or f�iled ,ti to provide Lender wit6 any material infarmatIon)in connection with the loan evidenced by the 1Votc.including.but not limitod � to.repraentations cwncerning Borrower's acxupancy of the Property as a priacipal residenee. If this .Security Instrurn�nt is on a � leasehold. Borrower shall comply with all the provisions of the lea5e. If Borrower acquircs ix dde to the Property. the a leasel�old end the feG dde shall not merge unless Lender agras to ihe mer�er in wd6ng. ,� 7.Protedion o!Lender's Rights tn the Propetty.If Borrowcr fails to perform the covenants and agrcements coataiaed'an = this Secvrity Instrument, or there Is a legal proceeding that may significantly affect Lender's rights in the Property(such as a - proceeding in bankruptry.probate,for rnndemnation or forfoiture or to enforce laws or regulations).then L,ender may do and ' pay for whatever is nxessary to protect the value of the Propeny and Lcnder's righu in the Property. I,ecKkr's actions may � include paying any sums secured by a lien which has priority over this Security Instrument,appearing in court, p�ying reasonable attorneys' fas aid entarin�on the Property to make repairs.Although I.ender may take action under this paragruph 7. Lender does not have to do so. — Any amounts disbuisod by Lender under this paragraph 7 shail become additional debt of Borrower socured by thia - Security Inshument. �Jnless Borrower and I.ender aArce to other terms of payment, these amuunt�shall bear intet�est from the ; datc of disbursema�t �t the Note rate and shall be payable,with interrst. upon aotioe from C.eider to Borrower roquesting �� 1�Yment. S.Mort�ge�na.Yf[,ender requirod mortguge insurance as a wndition of ineking the loan secu�ed by this Security i inspument. Boirower ahall pay the pnmiums requirod to maintein the mo�tgage insurance In sffoct. If, for any �n, the - mortgage insurana ooverage roquind by Lender lapses or aases to be in effoct. Borrower sfu[I pay the prcmiums roquired to obtain c�overage subs�antiapy equivalent to the moctgage insunna previously in et�'ect,at a cost substu�tialiy oqui�a(rnt to the oost to Borrower of the moctgage insurance previously in effect,from an altemate mortgagc ii�wrer approvod by Lrnder. If � suL-stantially oquivalent mortgage insurance coverage is not aveilable,Bomower shall pay to Lender e�ch monsh a sum equal to one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ocased to ;� be in et�'ect. Lender will acapt.usc and retain thcse payments as a toss mserve in liw of moRg�ge Insurdnoe. Loss n�erve Fotm 3020 8/�0 P.�aae , i