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<br /> 5.Hpzard or Property Insurwnce. Borrowcr shall kccp thc improvcmcnis now cxisting on c�rcuftcr crcctcct on lhc E'roperty
<br /> , , _ � � insurui against loss by lirc, haznrds includcd within thc Nrm "cxtendcd covcragc" und any othcr haxards, including (loocls or —
<br /> Flooding, foc which l..cndcr requires insur;uicc.This insurancc shall b,,muintnincci in thc umaun�g nnd for thc periafs that Lc:ndcr _
<br /> •• �„ rcquires,'Thc insuranco curricr providing Ihe insurancc shall bc choscn by Dorcnwcr subjcct to l..cndcr's approvnl which shall not
<br /> �l bc unrcasanably w[thhcid. If IIarrowcr fails u� main►ain cavcragc �escritxd abovc, Lcndcr may, ut Lcndcr's opuon, ohtnin
<br /> covcragc tn protcct Lcndcr's vightv in thc A�operty in ac:cordancc with pariigraph 7.
<br />_,_";-� �.•� Al!insurancc policic9 nrtd rencwals shaU bc acceptablc w LcnJcr and shuU includc n stundnrd morlgagc cluusc. L.cndcr shull
<br /> � h�vc thc right to hold thc�licics and rencwi+ls. IE landcr rcquires,Honowcr shnU prompUy givc to Lcndcr all rcccip�s of paid
<br /> ie� premiums iuid renewnl notices.In lhe cvent of loss,Eiorrower shaU give prompt nouce to!he insurance carrier and i,ender,l.ender �
<br />-,.�� may make proof of loss if nat mudc promptly by Aorrowcr.
<br /> ,;,.�� Unicss Lcndcr nnd IIarrowcr athcnvisc agrcc in writing, lnsurancc procccds shall bc upplicd to restorutinn or rcpuir of thc
<br /> _ Properry damagcd,if thc restorauon or rcpair is cconomicAlly fcASiblc and Lcndcr's sccurity is not Ics.scncd. If Ihc restorution or _
<br />-- ' rcpair is not c:conomically fca�iblc or I.cndcr's scxuriry would bc Icsscncd,�hc insumncc procecds shall bc applicd to�hc sums
<br /> . securcd by this Sccurity Insuument, whct�cr or not then duc, with nny cxccss paid to }3orrowcr. xf Borrowcr stbAndons thc
<br /> • Property, or does not answcr within 3U clays u notice[rom Lcndcr thut thc insurnncc c�rricr hns affcrcci to sctQe a claim,thcn
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<br />;;;-��.• _;� .• L.cndcr may collcct thc insurunce prceceds.L.cndcr moy use thc procccds to repair or restorc thr,Property or to pay sums sccurcd
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<br />_ ,t,:,n by this Security lnswmcnt,whcthcr ur rtot th�n duc.T'hc 30•dny period will bcgin whcn thc noticc is givcn.
<br /> '• �,� Unlcss Lcndcr and Borrower othcrwisc agrcc in wridng,uny Applicapan of procceds�o principal shall not cxtcnd or postponc
<br /> �.� � thc duc datc of thc monthly paymcnts rcfcrrcd to in pazagraphs 1 and 2 or change thc amount of thc payments.If undcr paragraph
<br /> `'`"'���"�� 21 thc Pro rt is ac uired b Lcndcr, Boaowcr's ri ht w an insurancc licics and rceccds resulGn from dama c to!hc
<br /> ;�.-.•r.y� P� Y q Y B Y Po P E B
<br /> ;�.�•'r''�G" Praperty prior to thc acquisiUon shall pass to Lender to thc cxtcnt of thc sums sccured by this Sccuriry Instrumcnt immcdiatcly
<br /> •:s - ` prior to thc acquisiuon. -
<br /> "`<<�� t�;�... 6.Occupancy,Preservation,Maintenance and Protection of the Property; Borrower's Loan Application;LeASeholds.
<br /> n� �f��S Borrowcr shnll occupy,cstablish,and usc thc Property as Bouowcr's principal residcncc within sixty days aftcr thc cxccution af
<br />`°.�:��'� r this Securiry Insuument and shall conunue to occupy the Property as Barrower's principal residence for at least one year after the
<br />°,°�:'""�� date of occupancy, unlcss Lcndcr otherwise agrces in wriung, which consent shall not bc unreasonably withheld, or unless
<br /> �* extenualing circumstances exist which are beyond Borrower s control.Barrower shall not desuoy,damage or irnpair the Property,
<br /> --:�s:� allow thc Propccty to dctcrioratc, or commit wastc an thc Propcny. Bortowcr shall bc in default if any forfciturc acpon or
<br /> ��"g� procccding,whcthcr civil or criminnl,is bcgun that in Lcndcr's good failh jud�mcnt could result in forfeiturc of thc Pmpccty or
<br /> °`�"•��•�s� othcrwisc materially impair the lien creatcd by ttiis Security Inswmcnt or Lender's sccurity intcrest.Borrowcr may cure such a
<br />:4��;�:!' dcfuult and reinstatc, as providcd in psuagraph 18,by causing �hc acuon or pracccding to bc dismisscd wilh a ruling that, in
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<br /> -..,:;;�. Lender's good faith dcterminadon,precludes forfeiture of the Bonower's interest in the Pcopeny or other materiul impt�rment o
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<br /> thc Iicn crcaced by ihia Su:uiity Iist;um::rt or L:.r�cr's�:,,:nr.ty i;;:.r;.s..Bcrrow�:shs!!�ls��^_in dCfa!11r�'Rnr►nwr_.r,rli�rinv the
<br /> ��,��� loan applicadon prc�cess,gave materially false or ineccurate informauon or statements W Lender(or failed.to provide Lender with
<br /> - — any matcriul infarmadon) in connccdon with thc IoAn avidcnccd by thc Notc, including, but not limitcd to, rcprescntadons
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