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._•[,.-�.--��...,....�.,,. .. . _ _ .�..�:..�w, ,�:.� , . _ _ ",�"�,�,•°�"-`�,K...�:- ----= _-- - — S. Hwrd ur p�qperty I�u�. Hormwcr shall kap thc improvements now ex�f�g o� 1kielR��ted on the Pcoptrty insured a�airut lass by firo,haza�de included within the term "extended coverage" and any other harxrcis,includin� fload�or(loodin�, fpr which Lenda requircs Inwrance. This insurance ehall be maintalnal In the am�unts and for the pariad� dud Lender roquirea. The in►ur�u►ce carrier Providing the insurance Fhall br chosen by B�rrawer�ubject ta l.ender's Apprnvai which ehall nc,t be unrcason�bly withheld. If 9arower fails to maintuin coverage descritxd ubove, f.ender may. st L.ender's option,obtain raveraQo ta protect i.er�lcr'e righte In the Property in eGCardence wlth par�8�'oPh �• All inaurnnce policies rn�i renewals �hxll be accepu�bie to I.ender end shall include a standerd mortguge clsuse. i.ender eh�ll h�vo the dght to hold the poiicies�ed renew�is.If I.ender ttiquirea,Horrower ah�ll promptly give to Le��der all receipts of p�id premiu►ns and re�xwxl noticee.In the event of loss.Borrower ehall give prompt notice to the insurencs ci+nier and L.ender. i.ender rtuy m�ke proof af lou if not m�de promptly by 8orrower. Unle.+a Lender and Bormwcr aherwise�gm in writinQ.insunu�cs prpceede nha��be aPPlied lo re�toration ar rcpair of the Property danuigod,if tha rcatoration ar rcpulr ia eoonomically feasible and Lender'K security is rwt lessened.If the restaratian or repn[r ia not uonomiully feaaible or Lender's saurlty would be leauened, the insurance pror.e�cd�ehall be applied to tho sums secured by this Security Instrument, whether or not then due, with any cxcess pajd to Borrower. If Borrowcr abandons the Property.or does not wnswer within 30 daye a nocice from Let�er that the insurAnce c�rrler has affered to settle a ctaim. then l.ender may �llsct the insuranoe procoeds. Lender may use the proceeds to repair or restore Qx Property ar to pay sum.c securad by this Securiry Instrument,whether or rat then dua.?he 30-day pedod wfll begin whco the notice is given. Unless Lender a�d Borrowcr otherwiue agroe in writing, any spplication of prucceds to principai shall not extend or postpone the due date of the monthly paymenu referred ro in par�graphs 1 a.�d 2 or change the amount of the payments. If under paragraph 21 the Property is acyutred by Lender. Borrower's right to any Insurence palicks and procoals resulting from damsge to the Pmperty prior to the�cqulsition sh�ll pa.gs to Lender to the extent af the sums secured by thi�Security Inatruaxnt immediately pdar to the acquIsition. 6.Oocup�ncy,Preservatbn,lNafatenance�nd Protectlon of the Prope�ty;Borrnwet's Lan Appikation; Laaehold�. Borrower shall oocupy,eatablish.and uat the Property as BorroM+er's pdncipa�reKidena within sixty d�ys after the exocution of this Security Instcument ac�shall continue to occupy the Pmperty es�orrower's principat residence for at least one year afur the d�te of oocup�ncy,unless Leader ottrcrwise ngr'eea tn wdtMg.which consent shall not be unreasor�bty w�thheld� or uNeBs extenuating circumstances eaist which are beyond Bonower's control. Horrower shall not destroy, damage or impair the prope�ty. ailow the Prope►ty to detedorate,or commit waste on the PropeKy. Bormwer shall be in defiuilt If any forfeiture sct[on or proceoding.whether c[vil or criminal,is begun that in Lender's good faith judgment could result in forfeiture of the Froperty or alxrwise macedaliy impadr the lien creatai by this Sa�rity Inauument or Lerder's saurity Intcrast.Horrower may cure such a default and reinstau,as provided ia paragreph 18,by caustng the actton or proaeding to be dismissed with a mling thu. in Lender's goal faith determination, praludes forfeiture of the Borrower's (nterest in the Property or Qtlur matednl - �i��r�f rhr lirn creatad by this Securlty Instrumu►t or Lender's securIty intercst.Borrower shall also be in defiult if Borrower,duri��g the loan application procxss. gave matedally false or inaccurate infom�ation or stuernents w Lender(or faiied w provide I.eider with any rns�terial infomntion)in cormec.�on with the loan evldenced by the Note. including,but not limited te.c�epreaa�tations conoeming Borrower's occap�xy of the Property as x principal residence. If this Socurity Instnunent is on a la.seiald, Borrower siu�!! canply with all the Provisions of the Iease. If Borrower acquires fee 6tle to the Prop�cty. the Iwaehold and the fx dde st�all not merge unless Lender agras to the merger in writing. 7.A�otMion ot La�dK''�Ri�hts in tbe Property.If Borrower fails to perform the covenants and agrxrtxnts oontained in this Security Immuna�t. or tha+e is a legal proceeding that nwy significantly affect Laxkr's righta in the Property(such aa a pr000eding in bankruptcy.pcobate.for condemiution or forfeitun or to enfora lawa or ngulations).tba�L.e�r may do and P�Y for wtwtc.wer is neoessary to protect the value of the Propeety aad Lender's righta in the Pro�ty. Lender'a�exions may iaclode paying any sums socumd by a lirn which has priority over this Security Ingtrumait, uppearing in ooure, paYir�B reasouable sttorrrcys'fas nnd entering on the Pn►pe�ty to rtwke repairs.Although Lader may talce sction unda this pangsapl► ?.I.a�der doea not have to do ao. . Any an�nta dtabursad by Lender ander this parsgnph 7 shall bocome edditbrul debt of Bomower secured by this Security Inatruma�t. Unkaa Horrowa and Lender agrce to other tcmu of paymrnt.tlKae�unounts stull bar inte�t from the due of disburaeme�t at the Note rate snd shall be payable, with inurest, upon notice from Lender to Borrower cequesting WYment. 8.Mo�tg�e Iiwranoe.If Lenckr toquirad mortgago insurance as a condit�on of maicing the loan securod by ttus Securicy Instruma�t. Borrower ahall pry the premiums roquired to maintain the moRgxge insuranoe in effece. If, for any�eaean. the moKgage insu�a�we ao�ersge requiKd by L.ender lapses or ceeses to be in et�'cet.Bocrower shatl psy the premiums roq�ired to obtain coverage aubstuitially equivalent to the mortgage inaura��ct prevlously In��fat, at a cost subst�ntitl{y equivalent to the coat to Borrower of the moRgage insnrance pnviously in effxt, frora an�IUrnAte mortgage insurer approved by L�ender. If substxnti�ily equivalent nnortgage insurance covuage ia not availabie.Borrower shall pay to Lender e�c:h month s sum equal w one-twdfth of the yarly mortgage insuranoe pranium being paid by Aorrowtr whcn the insurana coverage lapsod or aasod to be in et�ect.I.,�ad�r will acoept.use and retain these payments as a loss reserve in iieu of mortgage in.wrance. Loss r�u�ve Fom,3o2e 8�90 v.o.aae