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<br /> � S, Il�aa.�rd osr Paagerty I��.9urnnce. Bono�ver shull keep the improvcmenta naw existing or hemafter erected on the .
<br /> � � *� Praperty innured nnaln�t lass by fire, hn�ards includcd within the term "extended caveraAe'and uny other hw.nrda, includinB
<br /> � ' t�ROda or fl�ndinfl. tor which l.ender requir�s inaur�mce. 7'hi3 ineurance Rhall be maintained in the amounts nnd far the periods
<br /> �� thnt iPader requires,'T'he insurunce currier providing the insurnnce shnll be chasen by iiorrower subjcct ro Lender's approvul
<br /> �vhich ahnl! not 6e unreuonnbly withheld. If Barrawer fnilR ta maintuin coverage describcd above, Lender mny, at L.ender's
<br /> optian,obtnin coverag�to protect L.ender's rights in the Praperty in uccordunca�yith pnragraph 7.
<br /> . All insurnnce policies und renawnla ahaU be acceptnble ta Lender and ahall h►clude a stnndard mangage cl+�uce. i.ender
<br /> �, ehnH havu the riglic w Tnold thc pollcius tu�d reneavais. If l.euder requires, Borrower ahnli promptly glve to I.ender 111 receipte af
<br /> •�..,, paid premiums and renewul nottces.In ths event of lnss,Borrawer shAll give pmmpt nottcv�o the insurancc cnrrier And l.ender. ':`''T`
<br /> I.endar muy mnke proof of loss if not mada promptiy by Borrower. •-
<br /> ��f~,� � Unless L.enderand Borrower othenvlse a�ree in wdting, insurance proceeda ehaU be applicd to �escoration or rep�ir of the =
<br /> property damAged.It the tc,wroration or repnir is econamie�lly feasible and Lender's securiry is n�t lessened.!f the rearoratian or -
<br /> ' repuir is not economic�slly feusible or I..ender's securfry would be leasened, the insurance proceeds shatl be Applied to the sums �_,`#�_�;:
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<br /> , secured by this Secudty Instrument, whether or nnt then due, with any excess patd to 6orrower. if Horrower ubandons the ��_�_.,,
<br /> ° � Property.or does not �nawer�vithin 30 doys a notice frum Lendar that the insurance cnrrier has offered �o setde a e1Aim,then �=w,_
<br /> " ' l.ender may collecK tP�c lnsurance proceeds• 1�ender may use the proceeda to repuir or restom the Property or to pay sums j,;��,'_
<br /> ° secured by thls Secudty In�trument.whether or nat then due.The 30�dny period will begln whea the notice is given. K�R�:;
<br /> s' Untess Lender and Horrowpr otherwise agrec in writinII, ar►y appfication of proceads to principal ahall not extend or �- '
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<br /> • °,� postpoae the due datc ot the monthly payments refcrred tA U� paragrApha 1 and 2 or chac�ge the amount of the payrr�ents. If __ _
<br /> ' .� under paragraph?.1 th�Propeny is acquired by Lendcr, Horrower's right to nny insuranrepc��ncies and procecds resulting fmm ,,.�µ�
<br /> •• dFUn�ge to the Proptrry prior ta the acquisition shall pass to Ix►►dec to the extant of the sums secured by this Seciirity Instmment L;_:`
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<br /> �• �`� irnmediately prlor a t21e acquisition. �'���
<br /> " � ; 6. Otcupaney, PreservuNon, Mutntennnte und Pr�+atec4ton of the Pro�ereyc Il?orrower's I.opn Ap�9tca4ton; �N__
<br /> 1�, Le�sehmlds. BorroweA shall accupy,estublish.and use the Pro�zrry as Bonower's princtpal�esidence within sixry days z!'.er the a�----
<br /> '� cxccutiaa of this Sau�iry Instn�ment and shnit continue to occupy the Property as Bornower's principal eestdeace for at least one —
<br /> , year after the date af ciauptu►cy,unless Ixnder aslr.zrwise agrees ln wdting,which cansent shall not De e�nr�easonably withheld, =_
<br /> .. � or nnless extenuaeing circumstances exist which r�z beyoud Borrower's wntral. Borrnwer shaU nut dess�oy.damage or impair __
<br /> �� , the Property,a11ow the Propeny to detedoratc,or wmmit waste on the Piopecty.Borrower shall be in defnult if any forfelture �
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<br /> ' �� action or proceeding. whether civil or crlminul, ie begun that ln Lender's good feit�i jisdgment c.ould result in forfeiture of the
<br /> ',�� � Property or otherwis� matedaily impair the lien created by thia Secudty Instrument or Lender's securiry intereat. Boerowcr may
<br /> ., cure such u d¢fault and reinstAte,ns provlded in paragraph 18.by causing the uction or prooeedin�co be dismissed wtth a ruling
<br /> '"' that, in i.ender's good faich dcicrmi�iuttot�� �rzlu�cs €ar4ettuzr af the �rrower'!+ interat in the Prdperty or other material
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<br /> �+�-°; irapnfrmont of the Hen create� by thla Security Inatrument or l.ender'a security lnterest.Borrower shaU silso bE in defaulc if —__
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<br /> • ��S;h � � Borr�w�r,during�he loan apptication process,gave materiaily falsa ar inaccurate iaformailon ar atatem:nts to Lender(or fail
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<br /> ��,� to proviQe L.ender with any material tnformativa)in connection with the loan evidenced by�he Note,inciudinB.but not limite�
<br />_ • �•�t•�:� to.repmsea►tationsca�nceming Borrower's oxupancy of the Property as a pdncipal resideace. If this S�cur�zy Instrument is oa e
<br /> lensehotd, Horrower shalt comply with all t6e provis{ons of the lcase. U�i�nrrower acyuires fee eia�e to the Property. the
<br /> , � .'�`, le�sehc.•ld nnd the ico title shall not merge unless l.ender agrecs to thc merger in wdting.
<br /> .�. 7. Prutecttono�Lcndcr's�4?gh�s in the Propc�4y.If Borrower fails to parform tho oov,enants and Agreementa wnutined 1n
<br /> ' this Security Iastretrtent, or there ls a logal proceccting that may significandy affcct Lender's rt�hts in the Property (such as a
<br /> ° '. procceding in bnnkcuptcy. probate, for wnd�emnation or forfcicure or to enforre laws or regulations),thon Lender muy do and
<br /> .. ' ° pay for whatever b riece.ssury to protect the value of the Property end I.ender's ri�hts in the Property. Lender's actions muy
<br /> �•�":'a:`'; ;�� � include paying a�ry sums secured by a lien wh{ch has Rrioriry over thia Security Insttument, appeadnB in court, paying
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<br /> -;-...;,., reasonahle attorncya' fees and eneedng on che Pruperty to mn;ce repuira.Although Lendermay take actioa undcr this paragrap
<br /> = � :�•.s:= T,I.cnder dacs not have�o do so.
<br /> ", ';.� ' My amo�u►u disbursed by Lender U.nder this paragraph 7 ehalt become additional debt of Bornower secured by this __
<br /> �.�� Security Instrument. Uqless Borrower and Lxnder agree to othsr terms ot�nyment. these emounts sha�l9 bear intemst from the
<br /> � ����.� date of disbursernana at the Note rate and ahatl be payable, with intorest, upon notice from T.endcr to Borrower requesting
<br /> " ����f� .�,, payment. : _.
<br /> .�: ,. t, ., , 8.Mortgu�eIrasuran�e.if Y.ei+cler required mortgage inaurance as a condition of ffnalcing the loan secured by this Security ,
<br /> - -�=7"�" -• Instrument, Borrower shnil pay the premtums required to maintain the mort�:►ge insunmce in effect. If. for any reason, the �
<br /> ` " ;�,''�.. , mortgnIIe inaurana coverage required by Lendcr lapses or ceases to be in�fi�ec,Borrower shell pay the��c�u(wi�s►equiu�f to '`'"' �
<br /> obtain coverage snbstmntally equivalent to the mortgoge insurance prevtously in effect. at a cost substanttAlty equivalent ta tho
<br /> , • � oost to Borrower of the mortgage insurance previously in effect, from nn altemate munga�e insurer appmved by Lender. If __
<br /> . substantially equivalent martIIagc insurance coverage is not available. Borrower shall pay to Lender euch month a suu�esptal to _
<br /> '� ona-tweltth of the yearly mortgage insurance premiu�n being pa�d by Borrower when the insurance covern�e lapsed or ceased to _
<br /> „p Qe in effect.Leader witl accept,use and retaio ut+xse payments as a toss re,9ecve fn lieu of mortQage insurance. Loss reserve ;,�r;
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