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<br /> 5. Hur.i�rd or Prop��rtp Insuruot�:c. E3urrowcr shxll kccp thc improvcmcnts now cxisting on c�rcuftcr ercctcd on thc ' -,
<br /> � P�operty insured uguinst lo.s by fire, hur,ird+ included within the tcrm "extended arverage" und any utlirr hai.�rJti, including �;
<br /> � n��oati�,T n���a��,b, for which Lcndcr rcyuires insurancc. This intiura�icc shall bc muintuined in thc umounts und for thc periocls =
<br /> ' ,..o�� thut Lender reyuires.The inxurance currier providing thc in,uranre shall be chasen hy Burrower subject to l.ender's upprovul
<br /> • - which shall not be unreusonubly withheld. If Bormwer f"uils to maintain coveragc described u6��ve, L.ender muy, at l.endcr'S
<br /> � optinn, ohtain cc�veruge to protect Lcnder's rights in the Property in uccordunce with para�;ruph 7. _
<br /> All insurancc policics und rencwals shnll bc acceptublc to Lcnder and shull include a stundurd mortguge cluusc. Lcndcr
<br /> shall huvc the right to hold thc policies and renewals. If Lcndcr requirc��. Horrowcr shull pmmptly givc tu L.�:nder ull receipts of -
<br /> paid premiums and renewal noticcs. In the event of loss,Borrowcr shall givc prompt noticc to thc insurunce carricr and Lender. ': ;_
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<br /> L,cndcr may makc proof of loss it not madc promptly by Borrowcr. - -
<br /> � Unless [.ender and Hc�rrower otherwise a�;ree in writing, insurance proceecis shall be applied to restoration or repair of the � ,
<br /> Property damaged, if the rcstoration or repair is economically f'easible und Lender's security is not lessened. If the restoration or ' �
<br /> , repair is no[ economically feasible or Lend�r's security would be Iesscned, the insurance proceeds shall be applicd to the sums
<br /> � secured b�- this Security Instrument. �vhethcr or nc�t thcn duc, with any excess paid to Borrower. [f Borrowcr abandons the ::
<br /> Property,or does not unswer within 30 days u notice from Lender that the insurnnce carrier hus offered to setNe u cla�m,then �'- ;'
<br /> I.ender may collect the insurance proceeds. Lender may use the proceeds co repair or rettore the Property or to pay sums ��__
<br /> secured by this Security lnstrument,whether or nut then due.The 30-Juy period will begin when the notice is given.
<br /> Unless Lender and Borrower otherwise agree in writing, any applicution af proceeds to principal shall not extend or
<br /> postpone the due date of the monthly puyments ccferred to in puragraphs 1 and 2 or change the amount of the payments. If •_
<br /> ��,�
<br /> under paragraph 21 the Properry is acquireci by Lender. Borrower'ti right to any insurunce p��licies und proceecis resulting from ;�•
<br /> dumagc tn the Property prior to the ucquisition shall puss to L.ender t<i the extent cif the sums secured by this Security Instrument �°
<br /> � immcdiutcl y prior to thc acquisitiun. �.:;'
<br /> 6. Occupancy, Preservation,Maintenance und Protection of the Property; Borrower's Loan Application; Leaseholds. __
<br /> Borrower shall occupy, establish, and use the Property as Borrower's principul residence within sixty days ufter the execution of �;
<br />�.------� this Se�-!!rit; ln��r���ncs�t ��,d �h:�l I r�mtinue�o occupy the Property as Burruwer's principal residence for at least one year after �,.
<br />, the datc of occupancy, unless I.ender otherwise agrces in writing, whinc�onsent shull not be unreasonably withheld,or untess �`
<br /> • ' extenuating circum,tances exist which are beyond Borrower's con�rol. Borrower shall not destroy, damage or impair the �,�.
<br /> Property, allow tlic Property t�� deteriorate, or commit waste on thc Prope��ty. Borrowcr shall be in default if any forfeiture ���
<br /> • action ur proceeding, whether civil or criminul, is bcbun that in Lander's gc>c�d faith judgment could result in forfeiture of the �_�
<br /> Property��r othcrwise mutcrially impuir the lien rrcated by this Securiry [nstrument or L.e:ndcr's security interest. Borrower may '
<br />• � cure such u default and reintitate, as provided in paragraph 18, by causing the action or praeeding to be dismissed with a ruling
<br /> s forfciturc of the Borrawer's intcrest in the Propeny or other material �,�
<br /> that, in Lendcr's gond faith determination, preclude --_
<br /> impairment of the licn crcuted by this Securiry [nstrument or Lender's serurity interest. Borrower shall also be in default if -�W.
<br />- Borrowcr,during the loan application process,guve matcriully false or inaccurate information or statements ro I.ender(or failed E��'`
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<br /> t<�pmvide Lender with any material information) in connec�ian with the loan eviJenced by the Note. including, but not limited ��
<br />- to, representatiuns concerning Borrower's occupancy of the Propeny as a principul residence. If this Security Instrument is on a �;`_
<br />- ' lcusr.hold, Borrowcr shall comply with all thc provisions of the Icusc. if Borrower acyuires fec tiQc to the Property, thc =._
<br /> ' Ieaschold and thc fec titic sL•ull not mergc unlcss C.endcr agrecs to thc mcrgcr in writing. �'"i�
<br /> , � 7. Protection of Lencfer's Rights in the Property.If fiorrower fails to perform the covenants and agreements contained in ��-
<br /> �
<br /> ' this Security [nstrument,or there is a legal proceeJing thut may signiticantly affect Lcnder's rights in the Property(such as a __
<br /> proceeding in bankruptcy, probate, for condemnation or forfeinire i�r tc�enforce laws or rcgulations), then Lender may do and `
<br /> • pay for whatevcr is nccctisary to prntcct thc valuc of thc Property and Lc:ndcr's rights in thc Property. Lc�ndcr's actions may �
<br /> in�ludc paying .�ny sum. �ccurcd by a licn which has prioriry ��vcr this Sccuriry Instrumcnt, appcaring in court, paying _
<br /> - rcusonablc auorncys' fca and entcring on thc Prc�pcny ta makc rcpuirs. Although Lcndcr may takc action undcr this p�ragraph —
<br /> � ' ° 7. Lcnder ducs not havc to do tio, �°.-:
<br /> . An�� amounts disburscd by Lcndcr undcr this paragraph 7 shull bcc:omc :tdJitionxl dcbt nf Borrowcr secured b this �"t"-
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<br /> Sccurity [nstrument. Unless Bnrrowcr and L.endcr agrec to othcr tcrms of payment, thcsc amounts shxll bcar interest from the ,;;._
<br /> dutc ot'disbursc�nent at thc Notc ratc and shall hc payablc, with intcrest, upon noticc froitt Lendcr to Borrowcr rcqucsting �'-.-w
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<br /> paymcnt. �
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