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<br /> =.�.� RE•RecoRUCU�a 1
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<br /> �°'•'°� ���� , S.�.HAr�rd or Property Insurance. Borrower shall keep thc improvements now existing ar hereafter erected on the �:_-
<br />°. - �-'.>•� �roperty in�urcd sEainst loss by fire,hazards included within the tenn "extended covcrage" nnd nny other haz.�rd�, including „LL_�
<br /> ___;�;�T:r tloods or flooding, for which Lender requirea insura��ce, This insurance shall be malntained in the amounts and for the perlc�ds
<br /> - . , thPt Lender requires, T'he Insurance carrier providing the insurance shall be chosen by 9orrower subject ta I..ender's approvai
<br /> �.�, �'� , which shall not be unreasonably withheld. If Borrower fAils to maintain wverage described alxive, Lender may, at Ltnder's
<br /> ��'��,-•���� optlon,obtnin coverage to protect Lender's righi�in the Property in accordance with paregraph 7.
<br /> � �- - All insurancc policies and renewals shall be nceeptuble to Lender and shall lnclude a sta�nderd rnortgage clause.Lender
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<br /> ,y•� ti shall have the rigk�t to hold the policies and renewuls, lf Lender require9. Borrowcr s1�a71 promptly givc to Lendcr all scccipts of L_
<br /> l�Y`��'"� pald premiums and renewal noticee. In the event of loss,Sorrower shall give prompt notice to the insurance carrier and Lender.
<br /> Lender may make proof of loss if not made pramptly by Borrowcr.
<br /> Unless a..ender and Borrower othcrwise agree in writing, insurancc proceeds shall be applied to restoration or repair of thc
<br /> _ _ Property damaged, if the restoration or repalr is cconomically feasible and Lcnder's security is not lessencd. If thc restoration or
<br /> - •��:�� repair Is not economically feasible or I.ender's security would b�lessened, the lnsurance praceeds shall be upplied to the sums
<br /> _ ;�;.5� secured by this Sccurity Instrument,whether or no� chen due, with any excess paid to Borrowcr. If Borrower abandons the
<br />_;�..;�;'„;�, Propeny, or does not answer within 30 days a notice from Lender thet the insurance carrier has offered to settle a clatm. then
<br />_�.: � l.ender may collect the insurance proc�eds• Lender may use the procads to repair or restore the Property or to pay sums
<br /> '_?��',�,�'; secured by this Security Instrument, whether or not then due.The 30-day period tvill begin�vhen the notice is given.
<br />'�;;�;; Unless Lender and Horrower o[herwise agree in wrlting, any application oF proceeds [o principal shall noc extend or
<br />,-;��:b poscpone the due dacc of the monthly paymen�s referred to in paragraphs 1 and 2 or change the amount of the paymonts. If
<br /> '��'��'- under paragraph 21 the Property is acquired by Lender,Borrower's right[o any insurance policies aad proceais resvlttng from
<br />'_:.c�,'s;:? damage to the Properry prior to the acquisition shall pass to L,ender to the exten[of the sums secured by this Security Instrument
<br />�;'L�=� immediately prior to the acquisitton.
<br /> .,Yr�� 6.Occupency,Preservation,Maindenance and Protectlon oP the Property; Borrower's Loan Appltcation;La�seholda.
<br /> Borrower shall occupy, establish,and use the Propeny as Borrower's principal residena wlthin sixty daya after the exceution of
<br />�'"���"� this Security Instrument and shall continue to occupy the Property as Bonower's principal residence for at least one year after
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<br />= the date of occupancy, unless Lender othenvise agrees in writing, which cansent shall not be unceasonably withheld.or un oss
<br /> _-:;;�;,� extonuating circumstances eaist which are beyond Borrower's cvntrol. Borro�+er shall not destroy, damage or impair the
<br /> �''�''� PiOpCrty, allow the Property [o deteriorate, or commit waste on the Propeny. Borrower shall be in default if any forfeiture
<br /> '""'"-�' action or proaeding,whether civll or crimind, is begun that !n Lender's good faith judgment could result in forfeiture of the
<br />—��m-,;�� Property or othenvise materially impair the lien created by this Securiry Instrument or Lender's security interest.Bormwer may
<br /> �=�T�'� cure such a default a�►d reinstata,as providec! in paragruph 18,by causing che action or proceeding to be dismissed with a ruling
<br /> ����-��� that, In Lender's good faith determinat[on, prxiudes torfaiture o�[ne Bvrrowc:r'i i�dere�t ia t,.c Pmpert; �r or��s material
<br />--���s'��� im airment of the lien created by thls Security Instrument or I.ender's security interest. Borrower shall also be in default !f
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