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<br /> - � S Hxzard or Property In9ur+wnca Borrower shall kcep the improvements now oxi�tlng or hereafter crected on chc
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<br />_-;.::�'�'�'� Propeny inaured ag�in�st loaa by fire, ha•rards IncDudM wlthin the term 'extended cmerage" and any other hazards, including
<br /> :K•:;y ,Ilooils or flooding. (or which L.ender rcquires Insurance.This insurana shall bc maintained in ihe amoun[s and for the periods
<br /> .• that l.ender rtqulrct.The insurance ca�rier proviciing the insurance shall be chosen by Borcowor sabJcct to Lendr.r's approval
<br /> .r���:i ' whlch ahall not t►e unreuonably wlthheld. If Barrower fails to meintaln coverage described above, I.,ender may, at Lender's
<br /> �''•' •h�°� option,ohtRln cover�ge to protcet Lender'a rights in ih� Propeny in acwrdance wlth paraBraph 7.
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<br /> - � '}'� � All Ins�rAnce policies and renewals shall be aoctptable to I.ender and shali include a standard mortgage clause, I.,ender
<br /> "-"`�"�-� ah�ll have the ri�ht�o hold thc poiiciea and renewala,If Lendcr requlrea,t3orrowea sf�all prompdy givc to Lcnder all receipts of
<br /> ' �T�'�� paid premiums and rcncwel notices. [n the event of loss,Borrower shall give prompt notice to the insurance carrier and I..ender.
<br /> ¢=js��� Lxnder may malce Qroof of foxs if noc made prnmpely by Aorrower. , �
<br /> Unless L.ender u►d Borrower otherwise agree in writing,insuru�cs praads shell be�pplied ta restora�ion or repair of thc
<br />"-� Property damaged.If ttu restoration or ropair i�econortaically feasible and Lender's security ts not lesscned,If the restoration or
<br /> _==::,��:�' rep�ir is not exonomiealiy feasible or L.ender's securi�y would be lessenal. the insurance proceeds sh�ll be applied to the sums
<br />�ri�'•�a� securod by this Security lnstn►ment, whether or nd then due, with any eacess paid to Bormwer. lf Borcower abandons thc
<br /> :_'���. Property, or daes not answer within 30 days a notia from I.ender that the insurana carrier bas offered to settle a claim, then
<br />-���%�' I..ender may collect it►e insuru►ce proceeds. Lender may use the proceecls to repair or restora the Proparty or to pay sums
<br /> --- secured by this Security Instrument,whether or not then due.The 30-day period wiU begin when the notice is given.
<br />__r�;�„� Unleu l.ender ur.d Bormwer otherwlse�gca In writing, �ny application of procads to principal shall not extend or
<br /> �?�+?!!�'�� postpone thc due dua of the monthly paym�NS refemed to in puagraphs 1 and 2 or chu�ge the ar►xiunt of the payments. If
<br /> a:�b�a!a�iti�a
<br /> _ _��j+j j,� uixkr p�ragraph 21 the Property is aequircct by Lender.Borrower's right to any insurance policies and prococds resulting from
<br /> ___ -- = ciamage to the Propeny pdor to the acquisicion shall pass to Lende.r to the eatent of the sums secured by this Securiry Instn�ment
<br />-_�,,.,f,����� inunediuely prior to ihe�cquisition,
<br /> _z.�:$� 6.Oecupancy�Pe-eservalion�Maintenanse iand P�ntection ot the Peope�tY: Bo�rower•s Lopn Applicatioa; Lease6dds.
<br /> "' --_— Borrower shall occupy,atablish,uxl use the Propeny as Borrower's principal nsidence within sixty dayc�fter ihe exceution of
<br /> ;,y.;;�,�� this Securiry Inurumwnt and shall continue to occupy t2�e Property as Bormwer's princip�l residence for u least one year after
<br /> -- We date of axvpancy. unless Lender otl�envise agras in wdting,which consent sh�ll not be unreasonably withheld,or unless
<br /> V=��,,,�,� extrnu�ting eireurnslanoa exist which u� lxyand Borrower's control. Borrower shall not destrny, dunage or impair [he
<br /> , property, allow the Property w deterionte. or commit waste on the Propercy. Borrower sh�ll be in defu►lt if any forfeiture
<br /> -_="� action or pmcading, wh�ther civil or criminal, is hgun thu in Lender's goud faith judgment could msult in forfeiture of the
<br /> -�=t�.�� Pro�xrty or otherwise mueri�l�Y�mPair the lien crc�ed by this Security Instrument or l,end�r's securiry interest.Borrower may
<br /> cure such a defwlt md rcinstue,ac providod in paragraph 18,by c,�using the action or praeeding to be dismisaed with a ruling
<br /> �� thu, in Lender's good faith determination, precludes foifeiture of the Borrower's intereu in the Propeny or othcr msueri�l
<br /> --- -- impairtnent of�he liar�created by this Securiry Insm►ment or Lender's securiry interest.Bc�rrower shall also be in dGfault if
<br /> � Borrower,during Uw lou►application process,gave materially ialse or inaccunee iniorrc�uion or zwicnxuu��i.�a�r(�,-i':iie3
<br /> --- to provide L�ender with u►Y macerial information) in connection with the loan evidenad by the Note,including,but not limited
<br /> to,representations concerning Borrower's occupancy of the Propeny ac a principxl raideace_ If this Socuriry Instrumrnt is on a
<br /> leasehvld, Borrower sh�ll comply with all the pmvisions af the [ease. If Borcower acquires fee title to the Property, the
<br /> leasehold and the fa tids shaJl not merge unless L.end�r�geces to the mecger in writing.
<br /> ` --- 7,ptotedbn of Leuder's Riahts ta the Pt+opaty.If Bomower f�ils to ptrforn►the coven�nts and agraments contained in
<br /> �__ thia Securiry Instrument,oc there is a leg�l proceeding that may s�gnificandy affect Lender's rights in the Property(such as a
<br /> _ proceeding in bu�lc�uptg. probate, for condemnation or forfeitun or to enforce laws or rcguluioas),then L.�nder nuy do�nd
<br /> �`�'� pay for whatever is raeasaary to protecc the value of ihe Pcopecty wd L.ender's rights in the Property. l,�nder's xtioos may
<br /> — _ include paying any swns secured by a lien which ha� prioriry over this Secnriry Instntment, n}�peuing in cotut, paying
<br /> reasauGle aaomeys' ias and entering on the Propeny m malce repairs•Although Lender may take xtion under this paragnph
<br /> 7,Lender does oot 6ave to do so.
<br /> My amounts Qisbursod by LeeKler under thi�puagraph 7 shall become additionil debt of Borrower secured by this
<br /> 5ecurity lastnrroent. LJnless Borrower and L.ender�gree to oth�r ternu of paymen[,these arnounts shall bear interest from the
<br /> --- date of disbursenxnt u the Note nte and slull be payable, with interest, upon notice from I,ender to Borrower requesting
<br /> --__�.-- P�ymenc.
<br /> _ -- S.Mort�e I�surance.lf Lender required mortg�g�inwrance as a condition of making the Iwn secuml by this Securi►y
<br />-- ====��s lastcumrnt, Sorrower shail pay the premiun►s required to m�int�in �he mo�tgage insurance in effect. If, for ony nuoa, the
<br /> T'" mortgage insunaa coverage requirod by l.ender lapses or ceucs to be in effect. Borrower sh�Jl pay the premiums nquired to
<br /> _�-�� obtain coverage substantially equivalent to che mortgage insurance pnviously in effecc, a�a cnst substwti�lly equivalent to the
<br /> —���^_�,� cost to Borrow�er of the mortgage inwruice previausly in effect, from an altemate mongage insunr approved by Lender. if
<br /> r��?S[� substanti�lly equivilent mortgage insurance coverage is not available,Borrower sh�11 pay to Lerder exh month a sum equ�l to
<br /> '�-"�� one-twelfth of the yearly mortgage insurance preinium being paid by Borrower when the iacxuance eoverage lapsed or ceaxci to
<br /> ''�'''y� be in effeet. Lender will xcept,use anci recain these payments as a loss reserve in lieu of mortgage insuruxc. Loss reserve
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