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<br /> ti S, H�Ard ar P�mRtriy In�ur�tcc� I���rrowcr shall kecp thc improvcmcnts now cxisting on c�rca�ftcr crected un thc E_
<br /> Property intiurcd aBuinst la:;s t+y �re. i�urardr�includcd wlthin thc term "cxtendc�t rnvcruEe" und uny othcr hur.nrds, includinB i�
<br /> n K tloods ur f�auding, fur which L.cndcr rcquirca insuruncc.Th{s insuruncc hhull hc muintuMcd in thc ua�ounts und far thc periods �_
<br /> thac i.ender requires. The insurm�ee Guerier pnwidin6 the insurunce�hi►U hc chosen by Bnrrower�ub;ect tn I.ender'y c+ppravul �
<br /> � " ` which xhall not bc unreasnnubty withhcld. If I�arrowcr fuils t�a maintuin a�vemgc desrribcd ub��ve. I.endcr muy, at Lender's� �
<br /> , optian,obtain cuvcrnQc to pratcct Lendcr'e riphts in thc Pmperty in nccurJnncc with parugmph 7. �;,
<br /> • Atl insurunce p�lycics und rcnewalx Fhutl be uccepwble w L.ender und xhult include u stnndard mortguge ciause. i.ender� _
<br /> " �� shull hnvc thc ri�ht ta hold tltc pnlicics und renewnlg. If I.ender requircs.Burrower shult ptnmptly give to I.ender nll mceipts of
<br /> _ ,. �� paid premiums und renewal notices. In the event af tass,@om�wcr�{iull �ive prarnpt�wUcc W the Insurance car.tcr und L.endec. � �
<br /> - ,, Lender muy malce praaf of lo�s if not mude promptly by Borrower. _.
<br />� �'". Unless Lender a�d Horrower otherwise aQrce in writing,insur�nce proreeds shall bc upplied to restaration ar repuir of the _
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<br /> • ;,,...,�r Property damaged,if the restorntion or repulr is ecanomically fcastble and I.ender's security fs not lessened.If the restoration or
<br /> ,. ;; repair is not economicully feasible ar l.ender's secudty would be lessened, the insu�ance practeds shull be applied to the sums _
<br /> �'::�Y • secured by this Security Instrument. whether or not then due. with uny excess puId to Borrawer. If Borro�ver abandons the�
<br /> � Property.or does not anawer within 30 duys a notice from IxnJer d�at the insurance carricr has oftered to settle n cla�m, then =
<br /> " Lender mny collect the insurance prc:ceeds• l.ender may use the proceeds to repatr or restore the Property or ta pay sums --
<br /> �� ,,,, ' secum.d by this Sccudty Instcument,wliether or not then due.The 30�ay perlod wfil begin wtien the notice Is glven.
<br />' j� Uriless Lender and Borrower othenvise agree in writing,any eppllcation af proceeds to principal eh�ll not extend or
<br /> postpone the due date of the monthly puyments refernd to in puragraphs 1 and 2 or chan�c the amount of the payments. If
<br /> „ � under paragraph 21 the Property is acquired by i.e�der,Borrower's dght to eny insurence policies and proceeds resultIng fmm
<br /> . .. damage to the�'raperty pr3�r to the acquisttion shall pass to I.ender to the extent of the sums securad by this Serudty Iastrument
<br /> � ., Immediately prior to tho acquisition.
<br /> ,;.:,:� 6.Occupuncy,Freservution,Maintenance and Protecdon of the Pro�rYy;Borrower's I.oun Appi�cation;Lea.s�holds. _
<br /> •;;;,:�;A��,.;_, Borrawer shall occupy.establish.an�l wse the Property as Horrower's principal residence�vithin sixty days after the execudon of -
<br /> : �;''�'':'.{ • this Secaarity Instrument and shnEl can'�nue to oeeupy the Eropzny as k3orrower's principul cesidence for at least one y¢nr after
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<br /> �.,''''�' ` the date o?occupancy, unless I.ender otherwise ag�s in writing. which conser�s sh�ll not be unreasonably withheld,ar uniess
<br /> '� �� ' extenuadng circumst�nces exlst which are beyond Borrower's conuol. Borrower shnll nat destroy. r1amage or impair the
<br />' . ' ,,; . Property, allow the Property to detedorate. or commlt waste on the Propemr. Borrower shal! be in default if any forfeiture
<br /> • � action or pruceedln�, whether civil ar crlminnl. is begun that in i.ender's�ood faith judgment cauld msult 9n forfeituPe of the
<br /> ' ° Property ot otherwise materially impair!he llen ereated by this Secudry Instrument or Lender's security interest.Borrower may
<br />-:�, � ' :;,�. cure sueh a defuult anc�reinstate,as pravided in psuagraph 18. by causing the action or praceedin�to be dismissed with a culing
<br /> _. ••• '��� . � thet. in Lertder's Rood fuith determinadon. precfudes forfeituzc of the Borrower's interest in the Property or other mnterIal
<br /> .�"`"'""��' impairment of the lien created by this Securiry Instrument or Lender's secwiry interes�. Borrowcr si�n�t�Sso� 3�dtfauli 3f
<br /> �r;��v�.,�.�r ''' Borrower,during the laun npplicatIon process.gave matcrially false or inuccurate fnformation or state�nenta to L�nder(or feiled
<br />��`:�r;�±}`h��!?' to provida i.ender with ar►y matedal infom�atton)in connecdon wtth the loan evidenced by the Note,including.but not limited
<br /> ' ='' y='':� to.representetion.c conceming Borrower's occupancy of the Prnperty as u principnl residence.If this Secudty Insttument is on a
<br />`°'�'�'"�''`� leasehold, Borrower sholl comply with all the provislons of the lense. If Bortower ucquires feE title to the P�aperty. the
<br />�}:._'�ri�.�r.
<br /> '� �� lensehotd and the fce tttle shntl rtot merge unless Lendevagroeg to 1he merger in wdting.
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<br /> ''-..,:��n�-;�� 7.1'ro4ertton of I.endcr's 1tigQtta tn the Properly.If Borrowet fcdis to perform the covenants und ugreemente conutincd in
<br /> this Securlry Instrument,or there is a tegal procecding that muy xignificuntiy uffect Lendcr's rights in the Property(such as a
<br /> �ti-.�:~t•--�.��� proceeding In bankn�ptcy. prabnte. for oondemnntton or fodeiture or to enforce laws or regulutlona). then I.ender muy do urtd
<br /> �'�;:..�,b�i j pay for whutever is necessnry to pmtect the vuluc of thc Property and Lender'e dghts in the Pmperty. Lcnder'R uctions may
<br /> -'"`�"'.—`�!�""; include paying any sums secured by n tien which has prtoriry aver thic 5ecudty Tnswment, nppearinB in r.ourt. puyinB
<br /> ----'�"�' reasoneble attomeys'fees and cntering on the Property to mnke repafrs.Although i.ender muy take action under this pw�agraph
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