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<br /> '„��'.�[ 5. ��� p�pe�y dqsueactce. Hurruwer sh�ll kcep the improvemcnt+ now e�isting or hereafter erected on the � .�;;
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<br /> . `' �'`' `' P�o ct ituured against loss by fire. har.�tds inctuded ��itbin the tecm "ezcended coverage"and any other ha�ards. induding
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<br /> floods or tloading. for whirh Lender ru►wres insursnce. This imurance shall be maintained in the arnounts and for the per�Qds
<br /> "' � � that L,ender requires.The insur.unr wrrier providing the insurani�e�ha11 be chosen i►y Bnrrower subject to L.ender's approva! „,
<br /> � � ����� which shall not be unreasonabty�sithheld. if 0urrnwer faits ta maintain coverage described above. txnder ma}•,at Lender's ,.� .
<br /> ,=.-4-_�"�- optiun.obtain cavcsagc ta proted Lender's rights in the[�roperty io accx�rdance with paragraph 7. _`. �°
<br /> ,- . Ail insurauce policies and reaewals shall be acceptabie w I.ender and shall include a siandanl mortSage clause. Lendcx c r`,�
<br /> • shall have the right to hold the poticies and renewals.If ixader requires.Borrower shall promptiy give ro Lender all receipts of �`._,,.'
<br /> • , paid pmmiutas artd renewul nocices. In the event of loss.Bormwer shall give prompt norice to the insurance carrier and I.ender. �; �`
<br /> • � ''" � . I.e n d e r m a y m a k e g ro of of tass if not made prampdy by Borrower• �i��a�o r a t i o n o r r e p a i r o f t h e --
<br /> Unless i.ender and Borrower otherwise agra in writing,insarance pro c ce d s s l�a l l be app h °�� ;;
<br /> : .`` .� p�opertY dama$ed,if the restoraripn ar repair is eoonomicaily f�as�le and Lender's security is aot lesse�red.If the msw:auou or . ;;;.,-
<br /> ', cepair is not economicatly feasi6le or I.ender's secuciey would be tessened.the insuranse Pm�ds sliall be applied to the sums � :_
<br /> ' ••``..: s�ured by this ge�rity Iusp�umen�. whether or not th..°n due. cvith any excess Pazd w 8°n°wer. If Bormwer abandoac the � �_
<br /> ` - . - property�or daes uat answer aritLin 30 days a notice from I.eader that the insuiance carrier has offered to settle a claim,thea •,•.l�
<br /> Lender may oallect ttte ir�urance prooeeds. Lender maY use the pra�eeds to repair or restare the Properiy or to pay sums
<br /> secuced by thjs Security insdnrnent.ahether or not thea due.The 30-day period wi11 begin when d�e nodce is given. ,L•:;�
<br />- Unless I.ender and Bomnwer otherwise agree in writing. anY aPPiicadon of pmceeds to principal st�l not eatead or ;.;y�,�
<br /> } �y" '' ne the due date of the manthly paymeats referred to in paragrap6s 1 azid 2 or c6ange t6e amount of the paymerus- If
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<br /> rs;i�``�`w'�`,`;•R. undcr Qa�agraph 2!the Ptoperty is as�ed by Lender.Barrotver's right m any insuranee pnticRes and proceeds�esalting from � � o _-
<br /> � • ' damage to the Property Priur to the ac�aisi6on sLall pass to I.endea w the eatent of the satns secvrQd bY this�rrt�`�.-�+"•�E �.- '�-,�
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<br /> � . imm�iatetypriortadie�sisition. ���g�.
<br /> `„`: , „. . �.��,�sation,lVlsinteaance aad PaviectEon e�t�Yrts�;$orruwet's Loan Ap� ::
<br /> , ` .iS�?,�.;5�;��r �ffiCC Wl�llf!Sl)R��3Yg3fLCT�ICC7CC47��T=:lOf �+'r
<br /> �or�oRex�a�...�.�tablish.and nse the Property as Horrawes s�riIIC�
<br /> �:` •f al c�idease for at least one ear after �f'�T
<br /> . � ,tct, as Borrou�er`s princip c % Y �`r
<br /> ,., this Serurity in.stra�:r-„���!«�ti�ue to occapy the PcopertY
<br /> ;',. thc date of occupancy.c��ss H,eader erS�erwise agcees ia wriang,which oons�t sbali uat 6s�uYasonaIs€y withheld, ot t�nless � .1_
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<br /> ' extenuatinS ciraunstan°es e�s�wbic� are beyond B°a°wer's wntraL BomoR-ex sha11 not datroy, dawage or impair tlie __
<br /> . . property.allow the Praperty to deteriorate,or comaiit waste on the Propeny.Borrower shall be in defauit if a�ry fodeituse ��
<br /> action or praceeding,whether ctvil or criminal•is begu°that in Lender's good faith judgment cuWd result in 6nrfeitnre of the w_�:
<br />- . proyercy or otherwise materlally impair the lien created by this Security lnsuument or Lendec's securiry interest.Borrower may -- -
<br />- • cure sach a default and relnstate,as ptovideA in paragraph 18.by ca�ing the action or proceeding to be disaussed with a ntting
<br /> � that. in Lender's good faith determination. preciades forfeiture of the Borrower's interest in the Prop�rty or other materla] �.•.
<br /> - . " impairment af the lien creatal by this Se�riry lnstcument or i.endes's s�surity interest. Borrower sl►at:also be 3n defuutt if � __
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<br /> = BQ�wer,during the loan appfic�tion D��g.�Ve���Iy false os inacxurate infmmation or atatements to•l.cnder(or fstiled
<br />_. , . . . to pmvide I.ender witti any�aterial information)in cunnection with the laan eviQenced by the i�ate.i►rc�adm�.bu��_��"� _=-
<br />� -�� .� . to.representations wncerrting Borrower's oceupancy of tl�e Pcoperty as a principal residence.If this Saurity Instrument is on a �-
<br /> - leasehotd. Borrower shal! comply wtth all the provisions of the lease. If Borruwer accluires fee title to the Propertyr. the !.__
<br />'':„� ,. � leasehold and the fee titie shall not mage unless l.ender agr�es to the merger in writing. nts contained in —
<br /> = 7.Frotection of I.ender's Rig6ts ia the Pro�rty.If Borrovrer fails to perform the covenants and agreeme __ _
<br />- . ,� this gecarity Insuument.or thera is a tegal p:ooeeding that may significantly affect Leader's rights in the PmpertY (suct► as a
<br />- . � pcoceediag in bank�uptcy.prabate,for oondemnation or forfeimre or to enforce laws or reg�ations),then Lender may du end -_
<br /> � pay for whatever is asoessary to protect the value of the Property and Leader's rights in the Propeny. I�nder's actions may __
<br />- , . . includ� PaYmg anY sa�ms secused bY a lien which has priority ovec this Seauity instcumen� aPP� iA court,P�g _�
<br /> � reasor•:�'�attomeys'fees end euteriag on the Propecty to roatcee repaiis•AItF:ouSh I.ender may take acdon under this paragrapb �
<br />- . '- . 7.Len�c does not have to do so. _
<br />-- � . ;: Any amount4 disbuls�d by Lender under this paragraPh 7 shall bec°me additional debt of Borrower secured by this - -
<br /> - � .�tr;. Sawri ty Instrum e m. U n l e s s B o r r o w e r a n d L e n d e r a g r e e t o other terms af p�+ment,these amounts sdall bear iaterest from the �::- .
<br /> . � ; d a te of disbursement at the Note tate and shall be pay a b le. wi t h.in t e r e s t,upo n n o ti c e f r o m L e n d�t o B o r m w e r r e q u e s ti n g � =
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<br /> - S.Mortgage 1as�raII�-If G�er mq��d mortgage insurance as a wadition of mal4ap the loan secared by.this Secarity �.:_��
<br /> -_ .. ,..�Y` Insuument. Borroa�er Shall pay the premiums required to maintain the mottgoge insurar.9e in effett. If, fos any masoa,the --
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