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<br /> '���� S. H�urd or Property lnsurrnce. Borrower shall kcep the i�nprovements now eaisting or hereafter erected on the
<br />"'°�� Propeny insured against loas by fire, hazards included w�thin the term "extended covuage' and any ather hatarde, including _
<br /> �,,;:�_�-:, t�cx�ds or flooding, far which Lendar requfrea insu�ance.Thls insurance shall be maintained in the amaunts uncl for the periods
<br /> " +l�� ' thet L,ender requires. The insurance carrler providing the insurance shall be chosen by Borrowor sub}�et to L.ender's approval
<br /> ''.-'.?5�yf which shall not be unrcasonably withheld, lf Rorrower faile to maintain coverage descritxd above, Lender may, at Lender's
<br /> J�� -�� . optfon,obtatn coverage to protect Lender's rights in the Property in accordance with paragraph 7.
<br /> •�n i=:�— All insurance policies and renewala shell be acca�table to Lender and shall include a standard murtgage clause. l.cndcr
<br /> ..� shall have thc right ro hold the�licics and renewals, if Lender rcquirey, �orrower shall prompdy give to Lender all receipts of c
<br /> paid premlums and renewal notices. In the event of loss,Borrower shall give prompt notia to the insurance carrier and Lender.
<br /> '� L.ender may n�alce proof of loss if not made promptly b,y Borrower.
<br /> Unlcss Lender and Bonower otharwise agrec ln wri[ing,insurana prceeeds shall be applied to restoration or repair of the
<br /> ' Property damaged, if the restoration or npair is economically feasible and Lender's sceurity is not lesscned.If thc restoration or
<br /> ., repair is not econamically feasible or Lender's security would be lessened,the inaurance proceeds shnU be applied ta the sums
<br /> '��� �. ' secured by this Secudty Instrument, whether or not then due. wlth any exc;ess paid to Borrower. If �orrower abandons the
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<br />;_��,,;4. Pro�,eRy, or does not answer within 30 days a i�otice from Lender that the insurance carrier has offered to settle a claim, then
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<br /> -= Lender may collect the insurance proceeds. Lendcr may use the prceceds ro repair or restore the Propeny or to pay sums
<br /> �� ••x� secured by this Securiry Instrument,whether or not then due.The 30-day perlod wlll begin when the notice is given,
<br /> �'�i� ' Unless I.ender and Bonower otherwise agree in writing, any application of procads to principal shall not �xtend or
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<br /> postpone the due date of the monthly payments refened to in paragraphs 1 ar.d 2 or change the amount of the payments. I
<br /> =-s:;� under paragraph 21 the Property is acqulred by Lendar,Bortower's right to any insurance policies and proceeds resulting from
<br /> ' �m��'� damage to the Property prior to the acyulsition shall pass to I,ender to che cxtent of thc sums sGCUred by this Securiry Instrurnent
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<br /> '=:"�'u� immediately prtor to the acquisition.
<br /> -�--'%"� Burrower's Loan A lica�tlon;LeASehold4.
<br />_t��� 6.Occupancy, Preservation� Malntenwnce And Protectton of the 1'roperty; PP
<br />--- Borrower shall occupy,establish,and use the Property as Bonawer's principal residence within sixty days after the executian of
<br /> rc-� this Security Instrument and shall contimae to occupy the Proporty as Borrower's principal rosidence for at least nne year afte�
<br />--- the date of occupancy,unless Lender othcrwis�agrees in writing, which consent shall nat be unreasonably withheld, or umess
<br /> extenuating circumstances exist which are beyond Borrower's control. Borrower shall nat destroy, damage or impair the
<br /> --_ propercy, allow the Property to deteriorate, or commit waste on the Property. Horrower shall be in default if any forfeiture
<br /> -_�!�� action or proceeding,whether civil or crtminal, is begun that in Lender's good faith judgment could result in forfeiture of the
<br /> _.._____ - Property or otherwise matertally impair the lien created by this Security Instrument or Lender's sxurity interest. Borrower may
<br /> — cure such a default and ninstace,as provided in paragraph 18, by causing the action or proceeding to be dismissai with a ruling
<br /> �� -- iF,at, fa Ltr.der's oe^!! f�4th derrrmina�ion, precludes forfeiture of the Borrower's interest in the Property or other material
<br /> --- — impairment of the lien created by this Sacurity Instrument or Lendcr's securtty interest. 8orrower shall aiso be in deiauIc it'
<br /> -- Borrower,during the loan application process,gavc materially false or inaccurate information or statements to Lender(or failod
<br /> to provide Lender with any material information)in connection with[he loan evidenced by the Note, including, but not limited
<br /> — __ to,representattons conceming Bonower's occupancy of the Propeny es a principal residence. If�his Sa:urity Instrument is on a
<br /> =°_- Ir,asehold, Borrower shall comp[y with all the provislans of the leasa If F3orrower acquires fee dtle to the Property, the
<br /> =— leasehold and the fee title shall not merge unless Lender agrees to the merger in writing.
<br /> -- 7,Protection o[L,ender's Rig6ts In the Property. If Bonower fails to perforni the covenants and agraments cuntained in
<br /> --��-�-- this Security Instrument, or there is a legal prceading that may significantly affect Lender's rights in the Property (such as a
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