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<br /> S. Hua,ard or I'r�perlY Insumnce. Horrowcr ehnll kcep the improvementa now existing or hereufter erected on the
<br /> propo�ey insured a�ninst losa by firo,lia�.arda ineiuded withfn the terni"extended cavera�e" �nd any ather ha•r.nrds, tnciuding
<br /> tloods or flaoding, for which I.cnder requires insurance. This inauruncc shall be muintnined in the amounts nnd for thc per�oda
<br /> ths�t Lender rec�uires, Tht Insurunce carrier lf Boniower fails eo maintaln coverage deacrAlbed above,bjl.ender mayc ut I..enderas
<br /> • which eholl not bc unrensanubly wlthhcld
<br /> option,obtain coverage to procect Lender'e rights in the Property in nccordance wtch pnrasraph 7. .
<br /> Ap insurunce policiea�►�olicies ansd r n'e vetac IfrLender requires, Borro er shall promptlyd8i emo i endet All rcce�t dof ;.
<br /> aball have the right to hold the p
<br /> ' paid premiums and renewal notices.In the event of loss, Barrower shall give prompt notice to the insurance carrrier and Lender.
<br /> �'°J Ixnder muy make proaf of loss if not made promptly by Sonower. „
<br /> Unless l.ender and Borrower otherwise agree in writtng, insurance proceeda shall be applied to restoratlan or repair of thc
<br /> , praperty dazua�ed.if the restoretion or ader's ec�i�ri m would betlessened�.he insurance prioceeds sha{1 be applied ta thei sums , .
<br /> repair is not economtcalty feasible or L.� ry
<br /> . , secured by thts Security Inatrument, whether or not then due,w[th any excess paid to Borrower. If Barrower aUandons thc
<br /> • . Property,or does not answer wtthin 30 dnys a notice fram Leader that the insurance cacrier has offered to settle a claim, then
<br /> I.ender may collect the insurance proceeds. Lender may us� the proceeds to repa6r or restore the Property or to pay sums
<br /> secured by this Secudty InstrumEnt,whether or not then due. Tde 30-day pedod will begin when the notice is given.
<br /> Unless Leader and Borrower othenvise agree in wrlttny, anY applicatian of proceeds ta principal shall not extend or �
<br /> poatpone the due dnte of the monthly payments referred to tn paragraphs 1 and 2 or ch�nge the amount of the payments. If
<br /> �� under paraBraph 21 the Property is acquired by Le�der�SBo�Ader ta the xtnt of che sums seeured by this Seeudlty Instrumrent s
<br /> . �� damage to lhe Prapeny pr�or co the acquisltion ehal p
<br /> �• � immediately prlor to the acquieition. „
<br /> 6. Occupancy, Preservation, Maintenance and Proteztion of the Property; Bo='rnWer's Lonn Appltcntion;
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<br /> L,eR.seholds.Borrower ahall occupy,establish,and use che Property as Bosower's principal residence wlthtn sixty days after the �._'r
<br /> °' '; execution of this Securiry Instcument and ahall continue to occupy the Propetty as Bonower's principal resldence for at least one `.,
<br /> �� � year aftet the date of occupancy. unless Lender otherwi,e agrees in wr[tin$,which coasent shall not be unrcasonably withheld. _;;;.,,.�;
<br /> a� { ' or unless extenuating cfrcumscences exist which ara beYond Borrower's control. Bonowcr ahalt not deatroy. damage or impair ,^�;;
<br /> �� '�`'�: the Pcoperty.allow the Property to detedorate. or commic wasce on the Property.Borrower shaq be in default if aay forfeiture :
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<br /> ' �� action or proceedin8+ Whether civll or cdminal, is begun that tn Lender's good fairh judgment could result in forfeiture of the ,
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<br /> �. e _ groperty or otherwtse materiaily impair the lien crcated by this Securl in���ion or P Aroceeding to be diami�ssed with aerulin8 ;m,�,�
<br /> - �. cure such a default and reinsca�c,u�Y•��1��i�B��Srsgh 18,bY -�. �
<br /> ' i that. in L.ender's good faith determtnation, precludes fodeiture of thevBottower's interesc in the Property or otner maccriui ��;�_,
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<br /> y� impaicment of the]Ien created�b�yio i pse�cu�n&8Vet�iedally falsedor,inaccu a e nforrmatton or statem ats to Lender(or f iled �'
<br /> ...'"` Borrower.during the loan app _ _
<br /> �%�;;, , � to provide Lender w{th any material infomaation)in conuection with the loan evidenced by the Note.including,buc not limited �-
<br /> ��..��� s, tu�represeatations concernin8 aoaower's occupancy of the Property as a principal residence. If this Secudty Instniment is on a �y
<br /> ��. � � leasehold. Bortower shall comply with all the provisiuns of the lease. If Bonower acquires fee titie to the P��apecty. the �;_
<br /> leasehold aud the fe�dde shall not merge unless I.ender agrees to the merger in wdting.
<br /> �� +e►• 7.Proteetton of I.�aider's Rlgtnts tn the ff'roPer�y If Boaower faila to perform the covenanta ead agreements conwined jn �W
<br /> �'� ''" thie Sccurity instrument,or theie is a le�al proceedin�thac may siBniflcantty affect Lender's rlghts in the Propecty(such as a �
<br /> ,`•��;�, pmceeding in bankrupccy, probate, forcondemnation or forfetture oantdo e�n�f�o�e e��b�rin theIItPi'ol�erty en Lender may do nnd �-�
<br /> �,f Lcnder's acttona muy _°.::
<br /> pay for whatever is necessazy� ta protect the value of the Pcopeny 8 �;,
<br /> � , ...�• taclude payiug any sums s a e�rin onithe PropertY o make epairs. Atthough I.cndertmay take acpion under thia paragraph --
<br /> � !':��s• . - � • , ceasonable attomeys' fees aa 8 �°"°
<br /> ��'':::1, 7.Lender does aot have to do so.
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<br /> pny amounts disbursed by 1�ender under this paragraph 7 shall become additional debt of Borrower secured b th e �',n
<br /> .'��'�"�� �� gecariry Instnunent. Unless Borrower and Lender agree to other terms of payment,these amounts shall bear interest fram tho —____
<br /> • dat�of disbursement at the Note rate und sha11 be payable,with interest, upon notice from L.ender to Borrowar requesting
<br /> . � , pay��t. e insurance as a condiflon of makin$tho lounn secured by this S�curity u
<br /> 8.MortQeQe Insurnnce• If l,ender rcquired mortgag ��n_
<br /> " . :si�: , ����� gflrrower shall pay the premiuma required[o maintaiu thc snortgage insurance 1n effect. If, for anY �utpred to ���5;�%�-
<br /> � mortgage insurnnca cuverage sequ{red by Lender lapses or ceases to be in effect, Burrower shall pay the preminmg�! �f�L�,
<br /> . , obiain coverege substentially equivaleat����°iousl�e in�effecte from an1altem te�mortgage insur�SrapPm�ed by�Lender�lf '-_
<br /> � cost to Borrower of the mort$age insur p Y
<br /> } substantially equivaleat mongage insurance coverage ia not avaitabte. Borrowor shalt pay to l.ender each month a sum equa!to ��_-
<br /> , � one-twelfth of the yeariy mortgage insurance premium be[n$paid by Borrower when the insuri�nce coverage lupsed or ceased to _�
<br /> be in effect.Lender will accepe.use and recain these payments av u loss mserve in tieu of morcgage insurance. Loss rescrvc .t!,.;:
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