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. ..�..;„;��� cw..,,` _ <br /> ...�.�a�►�*�; <br /> ,.r� µ»., <br /> .. , • - r:_. <br /> r� .. .- ._ _. <br /> .. . _..""_" ._�. _'_.._ .�. . . �� ._" <br /> � �-"7_{ <br /> �MVI�/ <br /> S. Huard or Property Ynsur�nce, gormwrer shall keep the irnprovements now existing or hercaRer erected on the <br /> Pin�erty insured�gainst loss by firc, harerds includtd within the urtn 'oxtended covernge" and any other hazards,inctuding <br /> floods or floociing, for which Lencier mquires insurance. This insuruice shall be maintafnod in the amounts and tor the pericxis <br /> that I.erxkr roquires. The insurance carrier providing the insurance shall be chosen by Bon�we:r subjxt to Leixler's�pproval <br /> which shall nc�t be unreasonably withheld. lf Horrower f�ils to m�intain coverage described above, Lender may, at Lender's <br /> option,obt�in coverage to protxt 1.ender's rights in the Property in acordance with psragraph 7. <br /> All insurnnce policies end rcnewnls shall 6c acccptablc to Lender�rsd sha11 iculucic a standArd mo�tgage�lause, L.en�ler <br /> at�ell hxve►Me right to hold the paliciac and reriewals. If Lend�r requirea,Borrower sh�ll promptly give to Lender dl raeipts of <br /> paid premiums erid nnewal notiaes. in the event of loss,Horrower siull give prompt rx►tice to the insurance cArrier t�nd I,erKle�. <br /> Lencier may malce proof of loss if not mxle promptly by Borrower, <br /> Unless I.erder a►d Harrowec otherwise agree in wriNng, insur�nce prociods shall be applial to reator�tion�r repir c�f ihe <br /> Propeny dwiugod,if the restoratian or reprir is xorwmically leASibleand L.ender's security is not ksaened,if the rcstauion or <br /> repAir is not ecoromically feasible or I,ender's securiry wcwld be Ies�erud. t!u insuranc.e pmceodr shAll be rpplial�u Ihe rum� <br /> savrod by�his Security Iastrument, whether or not then duc, with�riy excesa paid ta &►rmwer. lf Bc�rrowe��b�dorui�he <br /> Propeny. or doa not mswer within 30 dayK�n�Kia from�.erxler th�t tht iruurance cArrler h�of'tered to�oltle�cWm. �hat <br /> I.ender tn�y collect the inn�irAnce pmcroed�. L.ender rn�y u�re the procads �n rep�ir or res�ote the Prc�erty or lo p�y wm� <br /> savrod by this Security lnstrument,whether ar not�hen due.T'he:3Q�dry pericxi wlll b:Rin whrn the ncNice ia�iven, <br /> Unleu Le�der and Borrawer wherw)se a�roe in wriUn�, rny rppHe��i�m uf proce�eds to principd �h�ll nc�t ex�end or <br /> patpAne the due d�te of the monthly p�ymenti rckrrai to in pRrynplu 1 �nd 2 ar chrn�e the�rnamt of Iho p�yment�.If <br /> nnder�ra�nph 21 tha Pmperty iz xquired by l.etxkr, &xrower's ri�h�to�ny inwr�noe policia rnd proceod�rewl�in� fmm <br /> dam�ge to the Property prior to thc acquiaidon�II pw to Lender to�he extent of the wttu Aecurod by thls Security Inprunxnt <br /> immediately priur to the�cquisition. <br /> 6.Oo�wp�ncy� Preurvatba,MaiMtn�nce and Protectbn of tk PropMy;Borrower's Lo�n Applkatlun;I.epd�oldr. <br /> Bornawer slull oecupy,eat�blish,and uae the Property aa Borrewer'a pri ncipal rcsidenoe within sixry daye after the executlon of <br /> thie Securiry Inst�umer.t and slwll continue to occupy the Property �u gorrc�wer's principrl rcsidenoe fur st least one ypr afler <br /> the d�te of oocupancy,unless I.uider othe�wise agrees in writing, whkh coruent shaU na be unrason�bly with}�eld, a unla� <br /> oxtawating circumatanoea exiat which arc beyond Bomower's control. 8orrower shall not destroy, damsge or impRir the <br /> Property, allaw the Property to deteriorate, or oommit w�ate on the Property. Borrower shtll be in default if any fafeiture <br /> action or procoeding, whether civil ar criminal, is begun that in C.ender's good faith judgmrnt could rcsult in forfeituie of the <br /> Property or athenvise materially irt�ir the lien created by this Security Instrument or Lt�der's security intaest.Borruwer tn�y <br /> nirn�cn�F�r A'fw���t�...!^.!^°tSi�.�°�l:o:''s�sn F�gtijs�t IS,uy.:uiiiii��U�c sii�n or procrooding to be dis�eieeed wlt1111'ulille <br /> thu, in L.erder's good Faith determination, precludes forfdture of U� Borrower's interest in the Property or other materi�l <br /> � imp�icment of the lien creatod by this Security lnstrument or L.enda's security intorest. Botrower aFudl �lso bs in dehwlt if <br /> Borrowa,during the lou�-sppliprtion process,gave materially f�lse a i��xx,�urete inforrnation,or statert�nta to[,et�der (a failed <br /> w povlde I.ender witA arry materia!lnforn�etion)in connection with the losn evid�by the Note, including.but nat limited <br /> co.mprc�ent�tiona oonarning Borroyver's occupancy of the E'ropeRy u a principaJ residena.If this Savrity Instn�meat is on a <br /> la�ehold, Borrower alull oomply with all the provisiorus of' tha las�. If 8orrower acquircs fa title to the Propqty� the <br /> leaeel�old and the fee tide ahall not merge unless I.ender agrea to the merger in writing. <br /> 7.1'rotectioo ot I,ender's Ri�hts in tbe Propaty.If Borrower hils to perform the covenunta utid�greet�nts conuined in <br /> t6is Secnrity lnstrumenc, or there ia a logd procading tlwt may s[gnificantly�ffect i.ender's rights in the Prvperty �sudt a�s <br /> P���S i���'�+p�cy, probate, for oondenuution or fodeiture or to enforcc laws or regulptions), then LeMer may do �nd <br /> pay for whalever is nooessary to protect the value of the property and La�dec's rights in tha Property. L.ender's�cxions m�y <br /> mclude P�Yin� any auma�secumf by a lien which has priority over this Security Inqtrument, appe�rin� in oourt,payin� <br /> rcasonable�twrneya' fas and entering on the Prope�ty to rtuke repain. Althuugh Lender rtwy ta�e action wxler ttua p�rip6 <br /> 7,l.ender doa na have ta du.so. , . <br /> My saiounta diebursed by Lender under thia paragnph 7 stull become additional debt of Borrowcr'sa:urod by dut <br /> Security Inshutnpn. Unlesa Borrower and Lender agree to other ternn of payment,thess amounta shall bar intetrat fro�n tbe <br /> date of disburoemenc �t the Note rate and sh�ll be payable, with imer+est, upun notice from Lerder to Borrower c�oqueating <br /> P�Yment. <br /> A.Mort�+�e inwrana.If l.ender requirod mortgage inaurance u a mndition of ineking the lau��ecurcd by tWs Seci,�•rity <br /> Iiutrument. 9ormwer ahall pay•the premiums requirod to meintain t�C mortgs�ge insurance in effect. If, for any re�on� the <br /> mortgage inauru�ce opvcruge�required by Lend�r I�pRes or oaaes to be in effect, �orrower shall p�y the pranivau rc.yuirod to <br /> obtain ooverage substantialiy aryivaltnt to the mortgage insurance pnviously in effect, At a cost substaruially equiwleat w the <br /> oo:t to Borrower of the mortgage,ins.uranoe previously in effect, from an alternate mortgage insurer approvod by Lader. If <br /> wbstantially equiv�lent aartgn�e insarwxx ooverage is not available,Borrowcr shalt pey tcf Lsnder each month x aum equal w <br /> ono-twelfth of ttie yearly mongaga,insurena premium being paid by Bora+ower when the insurance coverage lapsod or a�sod to <br /> be in ef�'ect. Lender will accept, uae and retain these payments as a loss merve in lieu of mortgege insurenee: Loas rcaerve <br /> Fan��oZl �I10 <br /> ►�wsote <br /> � +� , <br />