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<br /> S. Haxard or Property Iasuracice. Borrower sbdl keep the improveraents now exiating or bereafter erected on the -
<br /> _:r Propett5�Iqsured agaimt loss by fuc, hazards included within the term"extended coverage" and any other hazards. includinQ
<br /> • �� flooda or flooding,for wbicb l,ender requires lasurance.Thia insurance shall be meintained in the amounts aad fa che periads
<br /> - . � that l.ender requtres. Tbe insurance carrler providing the insurance ahall be chosen by Borrower subject co Lender's appmv�t
<br /> " whlch shall not ise unreasonably wltLheld. If Bormwer faits to imaintaia coverage descrtbed above, Lender may,at�.cadar's -
<br /> ° ;� option,obtaia coverage to protect Lender's rig4ts in the Progerty ia accordance with patagraph 7. -
<br /> All insuraucc pollcies aad renewala shall be acceptable to l.eader and shall iuclude a staudard mortgage clause. Lender
<br /> ,. <'� shall have the dght to dold the poltcies and reaewals.If Leader requires.Borrower shap prompdy give to Leader dl rcxeipta of
<br /> paid premiums and renewal aodces.In the event of los�.Borrower ahall give prompt notice to the insurauce carrier and Lendcr. '
<br /> _.._�� Lender may make proot of losa if not made promptly by Borrower.
<br /> ,� � Ualess I.ender and Borrower otherwise agree in writing,insurauoe pmaceds shall be applied to reatoratlon or repalr of the
<br /> ���J�s'�` ptoperty damaged,i�the restoration or repair is economically feasible aad i.endar's securtty is not tessened. If the restoratton or
<br /> repair is not econoraicslly feasible or I�eader's secutiry would be lessen�d�tha infurance proceede sha11 be applied to the sums
<br /> _ � secured by this Securiry Instn�ment, whether or not then due, with.any axcess paid to Borrower. If Bortower abandons the
<br /> _ � . Property,or does aot aaswsr wIthin�0 days a nodce from I.ender chat tha insuramaa carrier has offered to settle a clai�n, then _
<br /> Lender may colle�t the insurance proceeds. Lender a:ay usc the proceeda to repnin or restore the Progerty or to pay sums
<br /> � secuced by this Security instrument,whether or not then due.The 30�day period will�b�gia when the not[ce is given.
<br /> Unless Lender and Borrower otherwise agree in arDting, any applicatIan of prucceds to principal shalt not extend or
<br /> ,�..,,, � postpone the due date of the montWy payments referred to in paragrapba i and 2 an change the amouat of thc payments. If
<br /> uader paragrsph 21 the Progerty is acquired by I.ender,Boncower's rig8t t4 an�►itlsu�ace polictes aad proceeds resulttng from
<br /> � damage to the Property prlor to the acquisition shall pass to Leader ta tha extent of tha swns secured by this Seceirity Insm�ment
<br /> .. - immediately pdor ro the acquisIdon.
<br /> .. 6.Occupancy,Preservatiop,Meiutenauce and Protec4ion of t�te Prop�trtgi�orrower's Loan Applitat�oA;I.e�seholds.
<br /> 'S�� ' � Borrower shall occupy,egtablish,and use the Property as Borrower's principal�tesidaace within s�xty days after tbe c�ecution of
<br /> this Security Instmment and shali continue to occupy tho Property as�ormwar's ptincipal resideace for at least one year after
<br /> Fr�. � the date of ocaipancy,unless Ixnder otherwise agrees in wrldng.which conEa►t�shall not be unreasanably wlthheld,or ualesa
<br /> , extenuatiag circumstaaces exlst which are bayond Borrower's canuoi. $oteower shall not destmy, damage or impair the
<br />� Pmperty, allow ihe Property to deteriorate. or commit waste on the Propwnh,r� 9orrower shall be in default if euy forfeiture
<br /> - " actian or pmceeding,whether civil or criminal. is begun that in Leade�'s gaod faith judgmeut could result in fmfeiture of the
<br /> Property or otherwIse materlally iwpair the lien created by thia Se�uriry insmiment or Lender's securlry iaterest.Borrower may
<br /> �'`' cure such a default and reinstate.as pmvided ia paragraph 18,by causing the actioa or proceeding to be dismissed with a rulIng
<br />�'K � •� ' that. in Lender's good faith detern�inatioa, precludes forfeiture of the Borcower's interest In the Property or other materlal '
<br />; '� im�irn+enc of trie lien created by this Securiry Insuument or Lender's security interest. Borrower shaU also be in default if
<br />�`'�''��'�"r`' � Borrawer.durlag the ban applicatioa pmcess,gave matedaily false or iaaccurate inforalation or statements to I.ender(or failed
<br />^��L'=�•'�r.=�=-��� to pmvlde I.eadet witd any matetfal iafannadon)in c�naection wlth the loan ev[denced by the Note,�ncluding. 6ut not limited
<br />�����:�4�'. w.represeatations comerntng Borrower's occupancy of the Property as a principal resideace.If this Secudty Insuuntebt is on a
<br />=�=:�,-Y ' leasehold, Borrower ahall comply wIth elI tha pr�vlsions of the lease. If Borrower acquIres fee tide to the Property, the
<br /> " �'�`S�x''�'" leasehold and the fee dtle shall aot me e unless Lender to the merger in writin
<br />�,m::;�•;i"�:; � aB� g•
<br />�s�;�f;,���'. 7.ProtectIon olLeuder's Rights in the Praperty.If Borrower fails to perform the covenants and agreements conteined fn
<br /> '�—���r�`'� this Securl Insuument, or there is a 1 al that ma si Rcantl affe�t Lender s rl ts in the
<br /> s,s��,�;:��, tY e8 P��g Y B� Y � 8h �P�i' (such as a
<br />_�,.;.;_:=� p�ing in bankruptcy.probate,for condemaatioa or forfeiture or w enforce laws or regulationa).then Lender may do and
<br />���:_=a�;.;�,� pay for whatever is necessary to pmsect the value of the Property and I.ender's dghts in the Property. Lender'a actions may
<br /> �`-�::::s�1 include paying any sums secumd by a lien which has priority over this SecurIty Iuatrument, appearin8 ��� FaY�B
<br /> •���� reasonabte attomeys'tees aad enterIn�on the Propeny to malce repairs.Althougb I,ender may teke acdon und�a tlda paragraph
<br /> -`�°" 7.Lender does not have to do so. �
<br /> �;��r�����T,� Any amounts dieb� by Lender under this paragraph � shali beoouie additional debt of Borrowa sa�tred by tLis
<br /> ,,.�.T�� 5ecurity instnunent. Unless Bormwer aad Lender agree to other terms of payraenc,these amowus si�a�i hear int�rc.+t fiuui eas.
<br />--='„���� date of dIsbursemetu at the Note rate and ahell b�payablc,arith interest. upon aotice from I.ender to Borrower requesting �
<br /> �_�-���.:�1� payment.
<br />_���•�� 8.Mortguge Iasurence.If Lender required moRgage iasurance as a conditioa of ineking the loan secured by this Secudty
<br />- ..'�z��_��� Insuua�ent� Borrower shali pay the premiums required to maintain the iuortgage insurance in effect. If. for any c+eason, the
<br />�^�� mortgage Insurance coverage required by I.ender lapses or sxases to be ia effeet,Borcower shaU pay the pnmium4 required to
<br />'-'��# obtain coverage substantially equivalent to the mortgage insnraace prevIously in effect.at a cost substantfalIy equtvalent to the .
<br />--==:�:�=��� cost to Borrower of the mortgage insurance previously in effect, from an altemate mortgage insurer approved by Leader. If
<br />_,'�;:�:�. ' substantiaUy equivaleat mortgage iasurance coverage is not available.Borrower shell pay to Lender each month a sum equal to
<br />-�-�'"``,`�` ' ' one-twelfth of the ead mort e insurance remiwn bein azd b Borrower whea the insurance cov e I sed or cea.sai to
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<br /> i:�;:�:::;�,•� be ia effea.L,ender will accept,use aad retain tteese paymeats as a loss reserve in Iieu of mortgage lasuranoe. tass reserve
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