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<br /> S. HnzaPd or Property InsumRCe. Borrower shull kcep thc impravcmc:nts atow existing or hercaRer erected on thc -
<br /> property insured ngninsc lass by fire, haznrds included within the term "extended coveruge" and uny other hazArds, includin� ��_
<br /> tloods or Floading, far which I.ender requires insurunce. 'fhis inr�urunce tihull be muintained 1n the umounts uncl for the periods ��
<br /> • that Lender requires. TNe ins�mnce cArrier proviJing thc insuruncc shull bc ch��un by Hattuwer subject to L.ender's approval � �r
<br /> '� which shuU not be unreasonubly withheld. !f Horcower fi►ils tu nis►ima�n cuver.�ge descrihul ubove. I.ender muy. at L.t:nder's � ��.;-.
<br /> � optian.abtain covemIIe to prutect I.ender's righte in the Propeny in accardancc with pam�rnph 7. � ���-.,::
<br /> " All insumnce policiea and renewals shall bo acceptable tu Lendar and shnll i�tclude;u sYnndard mortguge clause. Lender
<br /> shnit hnve the right to hold tbe pnlicfas and renewuls.if Lender n.�quirr.s.Borrower shall promptly give tu Lender nll recelpta of
<br /> � �.,.•`•
<br /> : ,,� pnid premiums and renewal nottces.In the event of loss.Borrawer shnll give prampt notice to the insurunce cnnier unJ I.e►idec. �
<br /> Lcnder muy make praof of loss if rtot made promptly by Barrower. e..;
<br /> •� Untess I.ertder nnd Borrower athenvise agtee in wr3tina, insurance procceds�hcall be upplled to restoratton or repu�r of the � �;°-
<br /> .,.�,,Q,.n-��' Property damuged,!f the cestoration or repair is econamically faasihla and[.ender's security is not Iessened.if th�restoration or _
<br /> � ' • repair is nat econnmicitlliy feusible or I.ender's security woutd b�1uss�ned, the iiuurance proceeds shnil be upplicd to the sums ry;';`
<br /> ' ;• � �, secumd by this Secudty Instrument, whether or nat then due, with any excess paid to Hormwer. If Borrower ubartdons the � �
<br /> " „ �;• property,or does not answer within 30 days a nntice from Lender thnt the ineutence carrier has offered to settls a cla�m.then _
<br /> ,ti Lender may collect tha insurance procxeds. Lond�r may usr the NroceedF. tn tnpair or restore the Pmperty or to puy sums =_
<br /> �: secured by this Securiry Instrument,whether or not then duo.The 30-day p��iod will begin whcn the nodce is given. _
<br /> 'A` Unless Lender and Horro�var otherwise agree in wrlting. �iy applicution of proceeds to principa! shull not extend or _
<br /> postpone�:due dnte of the montfily payments refarred to tn pnrngraphs 1 mid 2 or change the amount of tho paymenu. If ---
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<br />:s',.,"' ' under�:��gzAph 2l the PmpErty is ucquired by Lendor. Borr�wer's right to any i�urance po6i�ics and praceeds resulting from
<br /> . �� dan►ago i��,he Prap:.rty prlor to the acqulstttan elttali pa.�s to I.c:nder to the extent of the sums secuted by this Securlty Instcument
<br /> immediateiy prior tu the acquisition.
<br /> . : ' 6.�nq�nrorg,PreservnNon,MceinUenu»c�e aua��tectcGmnn raf the Praperty;Bomu�ver's Loan Applir:ttion;I.euseholds.
<br /> �� Borrotiver shul0 ocrupy, establish.and use tho I�roper4y as Borrower's principal residence withnn sixrij days nfter the execu2ion of _..
<br /> ��`��=!�•.t'-!��, this Secnriry Instrument nnd shal!wntinua to aceupy the Property as Borrower'a principal residence for at least one yenr aft�er -
<br /> ' the dnte of occupancy.. unless Lender otherwi�c:a�.es in wdNn�, which conaent shall not be unreasonably withheld. ar unless
<br /> ��1,'"'°' •7 extenuuting circumstnnces exist which are beyore►i Borrower's wntrol. Botrowee shall not destroy. damage or impt�r the
<br />". :,;�;�:�,-:;: Property, allow the Property co dateriorata, or commit wasta on the Property. Borrower ahall be in default if any fodeiture
<br /> =•�`� action aer praceeding,whether clvlt ur crJn�inssl,is be�un thnt fn Lender's�ood folth judgment conld result in forfeirure a'F the
<br /> x '���''�� Pro ur otherwise mnterlaliy impuir the Iien created by this Secudty Insnument or L.endcr's secudty interest.Borrower may
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<br /> `' �`' y eure sueh a default and relnstste,as provided in p�ragraph 18.by causing the actlon or proceecling to be dismissed with a ruling
<br /> '�'-:��� `•'s, __'-_ �t. in��s's g� f,�� �i�.xei,ninadon. orerkvdes forfeiture of the Burrovuer's lntemst in the Proparty or other materlal
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<br />- impairmcnt of the lien created by this Securiry Tc�suument or 4..ender`a secudsy interest. Borrower shals afso be�n deiault if
<br /> ��`�n�',��Fi Horrdwer.durinR the laan application pn�cess.gave matedally fal�o or inaccutate Informadon ot stsitemetrts to l.ender(or�'alled
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<br />--�=�;�`�"��'� to pmvide I.ender with any mutedai informatlon)in connection with the loan evidencetl by the Note.including.but not llmited
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<br /> � ��„,�. to.mpresentatlons concerning Borcower s occupancy of tho Pmperty ag a principal residence. If this Security Instruatent IA on u
<br /> +�� � leasehold. Horrower snnll comply with all the�rovisions of the lease. bf�3orrower acquires fee tide to the Prope�, the
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<br />_;�,;��„i.•^ IeasehvM ur�d the fce title shatl not merge unless Lender agreea to the morger!n wnt�nq.
<br /> -�"'�'�''�/'� 7.i�mtection of Lendcr's Lif�Rs in the Pc+uperty.If Borrower fails ta pertorm che wvenurtts and agreements contnined in
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<br /> � '" ``���'', this Se�urIty Instrument,or them is a legat proceedtng that mny significandy affeac Lertdes's righta ln thc Prupsrty (suc7+as a
<br />;, �-j =-:��� proceeding in bankruptcy�probate,for condemnatIon ar forfeiture or to enforce laws or regulations).then Lender may do and
<br /> ���-�����+■� pAy for whutever ia ne�ssary to 9rotect the value of the Property and Lender'a rights fi the Property. Lender's nctions may
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