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<br />��;t� s, Huard or Property In4urance. Borrowcr shall keep the improvcments now existing'6r�creaft�e�'re�al on�the
<br /> --�;;�.; Property insured against loss by fire, ha..ards includat within thc tcrm 'ex[cnded coveragc" and any othcr ha•r.ards, including
<br /> -_ floals or Qooding, for which L.ender requires insurance. This insura�uc shall be maintained in the amounts and for the periods
<br />:=^�����,� that I.ender requires, The insurance canier provid'eng the insurance shell be chosen by Borrower subject ta Lxnder's approval
<br /> which shall not be unrcasonably withhcld. tf Borrower fails ta mafutain coveragc described alx�vc, Lendcr may, •rt Lcnder's
<br /> � '' option,oMain coverage to protect I.ender's rights in the ProExrty in accordance with paragraph 7.
<br />-_-^�,� ' All in�urance policios and renewals shdl be accept�ble to Lender u►d shali includo a standard mongage clause. Lender
<br />� � shall hava ihe right to hold ths polictes and rcnewals.If Lender requires,Horrowcr shall promptly givc to Lender alt recrip�s of
<br /> �:•��3;:�.' p�id premiums and renew�l noticas.!n the event of loss. Bor�rower sl►all give prompt notice ta the insuranex carrier and tender. -
<br />_ I..ender m�y makc proof of loas if not mAde promptly by Borrower.
<br /> ���� Unleu Ltnder and Borrower otherwise agra in writing,insurance procseds shall be applied to restoration or repair of the
<br /> � Property dunaged, if the rcstoruion or repair is economically feagible�nd l.ender's security is not Icssened.If the res�ora�ion or
<br /> �• - repair is not oconomically feasible or Lender's securiry would be lessened, the insurance proceeds shall be applial to the sums
<br />-�;,�,,,L securad by this Security Instrument, whether or not then due, with any excess paid eo Horrower. If Barrower abandons che -
<br /> Property,or das not answer within 30 days a notia from Lender thnt the insurance carricr has offered to settle a claim,then
<br />-:-.:=,-.�ti$� Lender may collxt the insurance proceeds, L.ender may use the pra:tals to repair or restore the Property or to pay sums
<br />��"::,,;i j secured by this Security Instrument,whether or not then due.The 30-day period will begin when the noticc is given.
<br /> ��=t� Unless Lender and Bonower othecwise �gree in writing, any �pplication of proceeds to principal shall not extend or
<br /> -��'��� postpone the due due of the monthly paymenta rcferred to in puagraphs 1 and 2 or ch�nge the amount of the paymems. If
<br /> under pacy$raph 21 the Propeny is acquired by Lender. Borrowor's rigQt to u►y insnrance policies and proceals resultin6 from
<br /> __ - __ __ damage to the Propecty prior ro the scquisition sh�ll p�ss io Lender to the extent of the sums securod by this Security(nstmment
<br /> T� __ immediately prior to th�xquisition.
<br /> �:.� 6.Oavpncy.Preservation,Msintea�uce�ad Protection ot t6e Proixrtyi Borrower's Loan Applkationi Le�elolds.
<br /> �r °'" Borcower shall occupy,establish,and use the Propeny as Borrower's princip�l residence within sixty dayt after the exocutbn of
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<br /> °`- - this Socurity lnstrument�nd shall continue to occupy the Property as Borrower's principal rcsidrnce for at le�st one yeu after
<br /> -;-:�;;�,: the date of occupancy, unless l�ender ottxnvis�e agms in writing,which consent sh�ll not ix unreasonably withheid, or unless
<br /> — eatenwuing circumstances exist which are beyo�d Bonower's contml. Borrower shall not destroy, damage or impzir the
<br /> -- Pcoperty,�llow the Propaty to deteriora[e, or commit wacte on the Property. Borrower shaU be in default if any fodei[ure
<br /> _� action or proceeefing,whether civil or criminal,is hgun that in l.ender's goat faith.judgment could rcsult in forfeiture of the
<br /> ��s�f�� Property or otherwise m�terially impair the lien creued by this Security Instrument or Le�xier's securicy interest.Borrower may
<br /> ��� cure such a default and reinstate, as provided in pangraph 18,by causing the action or proceeding to be dismisxd with a rul ing
<br /> =-==�� Wu. in l.ender's goad fvtb. dete�mination, precludes forfeiture of t6e Borruwer's interest in the Propecty or other m�teri�l
<br /> ;,�; � impairment of the lien created by this Security instninn¢at or i.enders securicy in�cnsi. Fwr�uwcr �iwti �u�� u,::;w:: i:
<br />-=-� Borrower,during the loan application process, give materially false or inxcurate infornation or statema�ts ta L,ender(or failed
<br /> -- to pmvide I.ender with any materi�l infomution)in cannection with the ioan evideaced by the Note.iacluding,but not limited
<br /> - to,npiesentations conceming Borrower's occupancy of the Property as a principal residence.lf this Sec�uiry Intitramea�t is on�
<br /> _�_=__�� le�sehold, Rorrower shall comply with all clx pmvisions of the tease. If Borrower acquires fee tide to tbe Properry. the
<br />-----�---— leuehold and the fa tide s6a11 not merge unless Lender agras to the merger in writing.
<br /> --= 7. prota{ioo ot I�uder's Riahts in the propaty.if Borrower fadls to perform the covenants ind agreemeats wntlned in
<br /> --:���� this Securiry Instiumrnt,or there is a legal proceeding�hu roay significu�dy affect Lender's rights in the Pivperry(such aK a
<br /> __,_____ procadiag in banknipccy,probace,for condenmation or fodeiture or to enforce IawS or ngulatioas).thw Lender may do and
<br /> -� pay for whatever is aecessuy to protect the vdue of tLe Property and L�nder's rights in the Propercy. L.ender's�ceioas may
<br /> include piying apy sums secured by a lien which hac priority over this Securiry Instn�ment, apparing in court,p�ying
<br /> ca►sonable attorneys' fas�d rntering on�he Property to moke repain.Although I.ender may ake a�xion ander this pan8raph
<br /> 7,L.eflder dua not have to do so.
<br /> Any amounts disbursai by Lender unda this puagnph 7 sh�ll become additioaal debt of Borrower securad by this
<br /> - Security Instrumeat. Unless Borrowar and L.ender ogree to other terms of pryment, these urwunts shall beu izuemt fiorn the
<br /> d�te of disburxmrnt at the Note rue and sb�il bc p�y�ble, wi[b interest, upon notia from Lenrkr to Bortower requesting
<br />—__= p�yment.
<br /> __" 8. Mo�age lnsurance.If Lender required mortgagt insuruice ae a condition of making the loan secund by this 5ec►sriry
<br /> -� [nstrumeat, Borrower shall pay the premiums required to r�uinttin the mong�ge insuru�ce in etfect. If. for aay rea�on. d►e
<br /> —`=`=�° mortgage insurance coverage requircd by Lender l�pses or cases to be in effect, Borrower shal[pay the Qsemiums�+equired to
<br />_�_.� o6tain cover9ge substantially equivalent ro the mongage insuraixe pceviously in effect.u a cost substantially equivalent to thc
<br /> ��� cost to Borrower of the mortgag� �nsurance previa►sly in effect, fmm an altemate mort�age insura approved by Le�der. [f
<br /> _=��"''� substantiilly equiv�ltnt mortgag�insuruice coverage is not zvailable,Borrower sh�ll pay to L�ender exh montls a sum cqual ro
<br /> ��r�. .. one-twelfth of the yeuly moctgage insuranee prcmium being paid by Borrower whrn che insvrance coverage lapsed or ceuai to
<br /> �-M�`�"` be in effat. Lender will xcept,use and rel�in these payments as a loss reserve in lie�� of mortgage insurance. Loss rcsecve
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