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<br /> °-� s, ��� o� pr�►perty In+ur�nce� Borrower shall kap the impn�vetnents naw existing or ercafter erecte on t c
<br /> '� Propeny insured against lass by fire, hazards includccl within thc tcrm "cxtended cavcrage" and any othcr hazards, including
<br />-�� flcwJt or tloaling, for which I..ender reyuires insurancc. Thls imurance shall be maintain�d in the amounts and for the periods
<br />`;":dg� th�t Lender require�, The Insurance cArrler providing the insur�nce ehall be chosen by Borrower subJect co Lender's approval
<br /> --- whtch shall not be unreaaon�biy withheld. If Barrower fail� to mdnt�ln coverage describcd�bove, L,ender may, at lander's
<br /> 3� option,obt�in caverAgo tc�protect[.ender's righta In the Property in�ccordence with paragraph 7.
<br />;��° All insuru�ce po�icle�u�d rcnewals shd! be accept�ble to l.ender and shall Include � standwrd mangage clausc,l.cnder
<br />-.� sh�ll have the rlght to hold the poHclea uui renew�ls. If l.endcr requlrea, Borrower shall promptly give to L,ender all reuipts of �
<br />- -���.. paid prcmiums uM renewd notia�.b►the event of loss,Borrawer shall give prompt natice to the insurance carrier and Lender.
<br /> � I..ender mxy m�lce proof of losa if na m�de promptly by Borrower.
<br />`"'� Unless L.ender uid Borrower otherwise egree in writing, insurnnce proceeds shall be applied to restoration or repair�f the
<br /> ' property dunagod,if the rostoration ar repxir is economically feuible and Lender's security is not lessened. lf the rescontion or
<br />,._;�� repair is not economically fe�sible or Ltnder's sa.urity would be lessenod, the insurance proceeds shall be applicd to ihe sums
<br />-� secuced by this Socurity Instrument, whether or not then due, with any excesa paid to Barrower. If Borrower abandons the
<br />---= Property, or does not answer within 30 days a notice from l.end�r that the insurance carrier has offered to settle a claim, then
<br /> _ Ltinder may co�lect the tnsurance proceeda. Ler►der may use the procads to repair or restore the Property or ro pay sums
<br /> _—s secured by this Secudty lastniment,whecher ar not then due.The 30-day period will begin when the notice is given.
<br /> Unles� Lender u�d Borrower otherwise agcee in writing, eny application of proceafs to principal shall not eztend or
<br /> postpone Ihe due date of thc monthly payments referred to in puagraphs 1 and 2 or change the amount of the pay►n�nts. If
<br /> under psr�graph 21 the Property is acquired by Lender, Borrower's right to any insurance policies and procads nsulting f�rom
<br /> -__ �amage to the Property prior to the wcquisition sh�ll pass to Lender to the extent of the sums secural by this Secudty Instrument
<br /> immediately prior to the�cquisition.
<br /> 6.Occupaecy,Preee*�'�tfou�M�tateaance and Protection o�tF�e Propaty;Borrower's Loon Applicatiou;Letuholds.
<br /> � Borrower shall occupy,est�blish,and use the Property as 6orroW+er's principal reaidence withln sixry days after the exaution of
<br /> this Securiry instrumenl and sha1�continue to occupy the Property�s Bomower's principal residence for at least ono year after
<br /> the date of occupancy, unless Lender athenvise agras in writing,which conx.nt shall rat be unnasonably withheld.a unlas
<br /> extenuating circuaut�nce� exiat which are beyond Burrower's control. Borrower shall not destroy, dartuge or impair the
<br /> -- property, allaw chc Prnpeny to deterior�te, ur commit w�te on the Property. Borrawer sh�ll be in default if ury forfeiturG
<br /> xtion or procading, whether civil or criminal,is begun that in Lender's good fdth judgment could result ia forfeiture of the
<br /> _s Property or otherwix muedally impair tha lien crextod by this Security Instrument ar Lender's security interest.Borrower�rt�ay
<br /> ciu�e such a defAUlt ud ninstate,�s provided ia paraBraPh 18,by causing trie�:tion or proceeding to be disaussed with�rulEng
<br />- thu, in L,ender's good f�ith determinuion, precludes forfeiture of the Borrower's interest in the Properry or other material
<br /> impairttxnt of the lien ecrued by ttiis aecuriry insiru�cxui ui i.er,de�'s so..-urii-y �atc:csi. °arm�er�1 �!a^ � !*�kfa�!�r if
<br /> Borrower,during tiK loan application Proass, gxve m�terially false or inaccutate infomation or statements to Lend�r(or failed
<br /> to provide L�ender with+mY materi�!informACion)in cocuKCtion with the loan evidencod by the Note,including,but nd limited
<br /> to,npresrntations conaming Bortower's occupancy of the Property as a princip�l residence.If this Security Instrucne�c is on a
<br /> leasehold, Borrower shall comP�Y w'i�► �11 �� Provisions of the lease. if Borrawer acqulres fee title ro the I�rop�rty, the
<br /> le�xhold and the fa tiele shall not merge unlas Lender f��c���g a i°rform the covenants and agraments conuined in
<br /> 7.Protectlon oP I,ender's Wa6ts ia the Propaty. P�
<br /> this 5ecurity Instrumrnt,or there is a leg�l p�ading that may significandy affect Lender's rights in the Property (wch�s a
<br /> proceeding in b�nkn►ptcy�pr�ob�«•for condannatian or forfeiture or to enforce laws or regulations), then Lender rn�y do And
<br /> p�y for whatcver is nocessuy to protect the v�tue of the Pmpeny acKi 1.ender's rights in the Propercy. Lwder's actions may
<br /> inc(uae p�ying �ny sums socured by a lirn which hu priority over this Socurity Instrument, appearing in coun, prying
<br /> rea�ooable utorneys' fas usd cncering on the Propen.y tu make repairs. Although ixnder may tzke action under this p�ragraph
<br /> 7,Lencier d�es rat have to do so.
<br /> My amounts disbursed by Lender under this paragraph 7 shall bocome additional debt of Borrower secured by this
<br /> Security Jnstrument. Unless Borrower and l.end�r aBrce co other terms af paymtnt, these amounts sh�ll bear intecest&+om the
<br /> dat�of disbucsemec►t at the Note rate uxl sha11 be payable, with interest, upon notice from L,ender to Borrower rcquating
<br /> WY�"t.
<br /> � S.Mort�e Idwr�nce. tf Lender requirod mortgage insurance as a condition of mnking the loan secured by this Security
<br /> lnstcument, Borrower sh�ll pay che precniums required to maintain the mortgage insurana in�4fcet. If, for any ttuon, the
<br /> mortgage insuruice covera8e r�4uirod by Lender laps�s or ceues to be in effxt,Borrower shall pay the premiums roquired to
<br /> __,� obtain coverage substantially eguivalent to the mortg�e insurance pnviously in effect, at a cost substanti�lly eqaiv�lent to the
<br /> cost to Borrower of the mortgagc insurance previously in effect, from an altemate mortgage insurer approved by Lender. If
<br /> substanti�lly equivalent mortgage fnsurana coverage is not available,Borrower shal!pay to I.�ndor exh month a sum equal to
<br /> --� one-twelfth of the yeaziy mortgage insurance pnmium being paid by Borrower when the insurance coverage lapsod or ceaxd to
<br /> �'�� be in effect.Ixnder will accept,use and retain the.se payments as a loss reserve in lieu of mortgage insurance. Loss nserve
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