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<br /> � � � 98�- �c���
<br /> � S. Nazard or Property lnsttrance. Borrower shaU keep the ic�pravemenca now existing or hereafler crected on tha
<br /> • �. Nroperty insun�d agutnst loss by flre, hn7.ards included within the terrta 'ex[ended coverage"and any other h�zards, IncludinII
<br /> • '� Qooda or flaoding,for whtch Lender requires insurnnce.Thia insurnno�ehuDl be m�intnlned in the nmounta nnd tor the periods
<br /> „ � that ixnder requirea. The insurunce carrier providing the insurance sha�ll b�chosen 6y Borrower subject co Lender's Appmvt�l
<br /> which shull not be uareaaonably wtthhcid. If 8orrower fails to maintain coverage descrtbed abovc. l.ender muy, nt Lendor's
<br /> aption,obtain wverage to protect l.ender's righte in the Pcoperty in accarduna with purngruph 7.
<br /> All insur�ncc palicles a�►d rencwuls ahull be acceptnble to Lender and ahall include a standard mortgage cluuse. Lendor
<br /> `�`� shall have the dght tu hold tkie pollcies and renowals.If Lender requtres.Borrower sh�ll pmmptly give to l.ender alt receipt�of
<br /> paid premiums and renewal notises. In the event of loss.Sotro�ver shall give prompt nottce to 1he insurtnce carriet aad Leader.
<br /> �� Lender may make proof of toss if not made promptYy by Bonower.
<br /> UNess Leader and Borrower othenvise agree in wrlting.insurance procceds ahall be applied to restoratton or repuir of tha
<br /> ��� Property damaged.if the restoration or repaIr is economically feasible arid Lender's security is not lessened. If the restoratian ar
<br /> '"` � repair is aot ewaomtcally feasible or L.ender's security would be lesseaed, the insurauce proceeds shall be applied to ths sums
<br /> # secured by this Securtty Insuument.whether or not then due, with any excess paid to Borrower. If Borrower abaadons tha
<br /> , Pmpetty,or dces not answes wtthin 30 days a nodce from Lender thet tde insurance carrier has offered to setde a claitte.then
<br /> , Lender may coliect tbe insurance pmceeds. Leader may use the pmceeds to repair or restore the Property or to pay sums
<br /> i secured by this Securlty Instrument.whether or not thea due.'fhe 30�ay periad will begin when tde notIce is given.
<br /> Unless Lender aad Barrower oxhecwise agreE in wrlting, aay applieadon oP proceeda to prIncipal shall poi e�tsnd or
<br /> postpaa�e the due date of the montbly payments referned[o in paragraphs i and 2 or change the amount of the paymenta. IF -
<br /> . under paragraph 21 the Property is acquired by Lendcr,Borrowar's dg�t to any insurauce policies and procceds resulting fmra .
<br /> � ' ��. daznage to the Property prlor to the acquisition shaU pass to Lender to thee�cteat of the sums secu�ed by tlus Securiry Instn►m�nt
<br /> ' �' - ' immediately prior to che acquisidon.
<br /> 6.Occupancy,�'Rreservation•Mainteaauce and Protection of the pro�saty;Borrower's Loan Applicatfoni Lease6olde.
<br /> `•'�`�'. Borrower shall occupyr.es�ablish,aad use the Pmperty as Borrower's prencipal�esideace witbin si�cry days after tbe execution of
<br /> '=� �� this SecurIry Instrument and shall continue to occupy the Property as Sorrower's principal residence for at least one year aftar
<br />_ �:i�r; the date of occu
<br /> paacy,ualess Lender otherwfse agc+ees In wrhing.whieh m�asent shall not be unreasonably withbeld,or unless
<br /> " ' extenuatiag circua�stances euist wLich are beyond Borrower's contro�.�mrrower shall not destroy, damage or impair tha
<br /> " Property.aUow the Prope�ty to deteriorate. or vonunit waste on the Prop�:�y. Borrower shall be in default if any forfoiturs
<br /> . . , actIon or procxaling, whether civil or criminal.is begun that In I.ender•s good faith judgment coWd i+esWt in forfoiture of tha
<br /> ;;�.., Property or otherwise materiaUy impair the lien created by this Secudry Instrument or I.ender's secudty interest.Borm►ver ms►y
<br /> ` . '';' • cure such a default end reinstate.as provIded in paragraph 18.[ry causiag the cction or praceeding to be d{smissed with a.zuling
<br /> ���:;�'.-:;� thai.in Lender's good faith detern�inatioa, precludes forfeituc�e of the Horrow�r's intcrest in the Progexty or other msterIal
<br /> ,�, : . i�nga�m�t ai s��Itcn crat�c!hy this Sc�urlty ���mcnt or L�ader's �uity faterrsi. Bosra��r�;: �.:sa �i��atauSt if
<br /> � • � Horrower.during the loan application process.gave materially false or ineccurate inforn�atian or statements to Lender(or failed
<br /> =<��;.;-:::-:' w pxuvicie Lender with any materiai iuformation)in conaecrion wiW We loan evidenced by che Note, ineJudimg. but dot limited
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<br /> _ ��;',' to.repmsentailons concerning Borrower's occupartay of the Pmperty as a principal residence.If tWs Secari�,+Insuunaedt is on a
<br />=`�"�?'�^;1•� leasehold, Borrower shall comply with atl the pravisions of the lease.If Borrower acquires fee tide tb th�Pc+ope�ty. the
<br />_-.i::tiC.t�,:��:.
<br />���'������= leasehold and the fee¢ide ahall not merge unless Lender agree.s to the merger in tivridag.
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<br /> ;�•�;:��.�'?�,� 7.A�otecdon of Leader's R[ghm in the Yrope�ty.If�orrowor fa[l s w perform the covenants and agre�m�nte Contained in
<br /> :;��i';�:`;°���.: this Securi Insmiment.or there[s a 1 al that ma 'si ficantly affea L�ender's rI ts in the Pro e (such as a
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<br />-�?��;;t?:��` proceeding in bankmptcy,probate, for condemnation or forPeltute or to aforce laws or regulations).then Leader may do and
<br />��� , pay for whatever is necessary to pmtecx the val►xe af the Property and Ltuder's dghts in the Property.L�znder'a actions may
<br /> -..-=_- "'-`: include a ia an s P �Y �Y PP��
<br /> =�t� P Y � Y ums secured by a lien vuhich has rlori over this Secutl Instrument, a ln court� PaY�ng
<br /> _—_- reasoaable attomeys' fees aad entering on the Property to make repaira. Although l.ender may take action under this paragraph
<br />---_-_--- 7.Lmder does not have to do so. �
<br /> -=-==���� Any amouats disbuised by Lender under this paragraph 7 shaU become additional debt of$orrower se�,vred by tWs
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