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<br /> • .. _� � S. Hazard or Peoper4y�nss�rance. �flrrorrer shall keep the improcements non existing or hereafter erected on s'�"
<br /> - --- T thz i ia�Ci L'j fi�ii���1tSY 2tT.s` F.`Y Y!f". a�p�enr���ded nithin the tettn°extended co�•erage"and a.ny�other har.ards. _
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<br /> including�luads or 4lauding,for Mhich Lender requires insumnce.This in.,uranr.e shall bs maintained in the amoun�s
<br /> , , � and for the periods that Let�der t�uires.The insvrance cerrier pro�iding the insurance shall he chosen b} Harr�ci�r
<br /> � subject to Lender s approval clhich shal!not br unreasor.ably�'ithheld.If 8orroir•rr Fails to maintain c�crrage de�criheii
<br /> . 1 abo�'e,Lender may.at l.ende�'s option,obtain co�'erage to protect Lendet's righu in the PropPrt)�n accurdance�sith ��
<br /> • � Para�raFh 7.
<br /> All insurance policies nnd renecrals shall be acceptable to Lender and shal! include a standard mortgage clause.
<br /> • , • .� I.endet shall ha�e th� right to hold Ehe policies and rertecrnls.It Lender tequires. Barroa�er sha}t promptl} giee w
<br /> ' � l,ender all receipts of paid ptemiams and tene�val notices.In the ecent of loss,Harrocr-er sh�11 gi ce prompt riotice to the
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<br /> � ' insurance carrier and Lender.lxnder may�ake pr�of of lo�if not made�romptly b}•B��rron�rr.
<br /> ;'..�:T�_� Unless 6..ender und Horr�ner othsrcvise ageee in Rriting,insuran�e pra�s sha!!be applied to r�tnracion ar repair
<br /> . • ,,. � af the Propet2y damaged,i4 the restoration os repair is ecoaomically feasible and Lender's serurity is not les�ened.lf thr
<br /> , � resto�t►tion Qr repair ia nat eeonomically feasible or Lender s s�urity aould bE less�ned.the insurance praceed�shR!I tse
<br /> applied to the sums sscured by this Security Instrument,�vhether or not then duE,nith an3•esce�s paid to Bormcti�er.It
<br /> � Sorro�rer abandans the Pro�rty,or daes not ans�rer nithin 30 d�y-s a notic�from Lend�cr that the msurauce carrier has v;_
<br /> alPeted to settte a claim,then Lender may collect the insuranrx pracee�.Lender may use the pra�ds to repair or
<br /> „� rzswre the Property ar to pay sums secured by thia�ee:urity Insuument,c�hether or not then due.The 3D-day period n i li �=-
<br /> , � begin cyhen the rAtice is given. `_
<br /> Unless Lender and Barra�rer otherr+i�agree in ariting,anj'apFlication of praceeds to princigral shall nat eytend�r g_
<br /> , pastpone the dae date of the manttily gayments refetned w in paragt3phs l ar►d 2 ar chnnge the amount of the payments. o
<br /> . � If under paragraPh 2� the Property is acquired by Lendet. BurmnerE right to any insurance golicies and procee�is ¢`
<br /> rior to the a uisition shnll as;to Lender to th�egter►t of ch�sums secured by �
<br /> � � resuftiag irom damage to th$Property p �9 P =
<br /> � ' E, this SECUrity instrument immediately psior to the aoquisition. �
<br /> 6.Occupancy,PQeservation,ll�sin�snance and P�atectian di t6�o FrQgsr'ty:�'�rrower s Lo9n Application: �_
<br /> : ,•�;;�. l.easeholds.Barrocver sha11 occupY.�stablish,and�ase the Ftoparty as Horrauer's principa]resid�nce Nithin sixty atnys !
<br /> ' � ;'.� after the eaecution o4 this �rity Insuument and shall contint�s w accupy the Propc.�rtp as Borroner s Fnri�tiFd2 s'
<br /> - - . residence for at teast on��ear siter the datc of uveu�ram�Y,u�Ie�Lt-s�der rth�a���s writ'sag,cuhich er►nsent shall -
<br />''•,',' • not be unt+�asonably cvithkeid.or unl�ss eaienus.tingcireumstanoesexist nh�eb sre h°smd��orracser s cnntrol.Borroner __
<br /> - . shall not destroy,drimaga or impair the Praperr.y,aliacv the Propesey to deteci�m�ate•ar cwmmit waste on the Pr�operty. _-
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<br /> Borrocver shall be in default if any forfeitureactlon or pm�ceding, Nhether ci«pl ar cri�inal,is begun that in L.endcr's
<br /> � gaod faith judgment could tesult in farFeiture of ttte Prop:rt.*;or othervJise materiail}�impair the lien created by this
<br /> �'• SSCUrity Ins3r�ment or Lendet's secarity inter�t. Borroc�er may cure such a default and reinstate,as provided in
<br /> �. pangroph 18. by cavsing the action or p7oc�ding,to be dismissad witt� a ruling that, in Lender's good faith
<br /> � ' � determ�nation,preclades forfeiture of the BorroviF c'G�nterest in the Property or�ther material impairment of 3he lien
<br /> � , ' created by this Secarity Instrument nr Lender's szcurity intere�t.Borrocvet s:�all also be in default ig Borrocver,during
<br /> , ; _. ,., the loan�{sptication proc�, gave r�s�IIAy false or inESrurote intormation or su►t6ments to 1.ender �or Failed ta
<br /> '�� provide Len�er aith any materiai irsfi�rmation)in connection with the loan evidencad by the Note.incl�ding, but nr_t
<br /> . ''�� limited to,representaunns eoncerrting IIercmwer's�ccupancy of th�PrapYrcy as a prin..^apal r�ssid�nce.If this�c:��rit:; ^
<br /> Insuument is on a l�clsoi�d,BorcoRe:s7iaDl cr�mply vrith all the provi�on��f the lease.i�IjOTfOttiCf 8CQU1fCS f�°.tttie 29
<br /> the Property,the lease�uld and the fee title shall nnt tnetge unless Lender 2ge��w the rr��-r in writing_
<br /> _ 7. Pratection of Lender's Ft��bts in the Propsr4y.It Borrower fails to perfor��Ise���venants and agr�eemer_s
<br /> ' � contained in this Security Instrument,or there is a legal proceeding that may significun�iy affect Lender's righ�s�n t.�ie
<br /> P�operty (such as a proceeding in banktaptcY, probate, ior candemnation or forfeiture or to enfarce la�•�: or
<br /> ',�. ' regulations),then Lender may do and pay for vrttstever is necessary to prote�t the valus of the P�p�ty and Lender's
<br /> � rights in the Property.Lender s actions may in'tu�.e paying any sums secured by a lien rrhich ha:pcYarity over this
<br /> ,=g.Y��, : Scxurity[nstrument,appeariag in court.paying rza�nable attorneys'fee,s and entering on the Property to make repairs.
<br /> '� �'-� •' � Althou Lender may take a�tion under thia paragraph 7,I,e��dmes not have ito do so.
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<br /> A'>� r._�:. . Any s:nounts disbuised by Lender uader this paragraph T�,dll i�ecome additionai�ic-i�t of Botroner secured b�•zhis
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<br /> . �_-�__�;-._�j-; Security lnstrument�Un1eES Barrower and Lensler agee to other Eerms of payment,t1u�:e amounts shall bear anterest
<br /> Y•`-*.•� from the date of disbt�rr�ment at the Note rate aad shall be payable.with interest,upon notice fmm Lender to Borrower
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<br /> :�� .., requesting paymertt.
<br /> �i-'�' •,�o� ti;; 8.!�lortgsge Yas�usa�e.If Lc�er required mortgage insurance as a�tnd'aci�n of;^iaking tt►e loan se�ured by this
<br /> �� � '`-'.;�,��'l�y Security Instrument,Borrower shtJl pay the psemiums required to maintain 4►'�s n:a�t{�,a�r�insurance in effect.If,for any
<br /> �'��"�4`';f,'•Y'�f�, reason,cti�a rnortgage insuranre coverage required by Lender lapses ot ceases to Yae ica efPect,Borcower shall pay the
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<br /> z,� . ptemiurr_s required w obtnin ooverage substantially equivalent to the mortgage insurance previously in e ect,at a cost
<br /> �>>_ ' substantially equivalent to the cost to Borror.;sr of the mortgage insu•rance previously in effect� °rom an alternat�
<br /> i�`�� mortpage insurer agsproved by Lender. If suh:3rantially equivalent mortgage �nsurance covera}�w 4s not avaitahle,
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<br /> `rf't" �'�`''` ' Borror;car:atall pay to Lendet each rnonth a sum equal to one-taelfth of the yearly mRrP�::ge insurassce premietrn being
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<br /> _ _'��!�;�,'�.;: paid by�crrower whsn the insi:�aetca r.overage lapsed or c��i to be in ettect.Lender�vi[1 ar,cept,use and rei:�i�5 rhese
<br /> paymQnts as a la:� r�e in lir.0 of mortgage insurance. Lass reserve payment; znay no longer b� n;z{uired,
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