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<br /> ;. wwed er Propaty iaw�rmue. Borrower rhall keep thc improvementc rww ext�ar �e��� on tho
<br /> � pn,perty ituured t+�ainct losr by flre, ha�ards incladod withii►the tarm "extendai caverage" wWi Ar►y oihcr iw�ni», inciuJiny -
<br /> tlaods nr floodin�,far which l..ender r�:fr�4t�surance. Th1s inaurance shall be maintpined in tlw amounts and far tho perioda
<br /> ttwt Lendor requires. Thc insurance carrier providing thc inwrancc stwll bc chus¢n by Borrawcr subject to l.cndcr'�approv�l
<br /> —_, which shalt not be unreason�bly withheld. 1f Barrowcr fails to muintain covcr�+gc describ�xl pbove, l.encicr may, at Lender's
<br /> optloa. obwin covera�e ta protcct Lender's rlghts in the Property in uccordance with puragny►h 7.
<br /> AII iasurance policies and renewals shall be acceptable to Lender anei shsll includa a sts�ndnrd rn�rtYage clAUCe. Lender
<br /> � � �—_ —__—� sFwll have thc right to hold the policies and rencwals. If l.endcr royuircs.&►rruwer alutll pruntptly give tu Lc:�xk:►•�11 rckiptc of --
<br /> paid premiumc ar�d rcnewal notices. In the event of lor�.c,Borrower shall�lve prompt nqtica w the inwra�ue carrier ud I.onder•
<br /> � L.e�der rrwy moke proof of loss lf not made promptly by Borrower.
<br /> - Unleas L.ender and Barrower otherwise agroe in w�iting, insurnncc proceeds shall ba appli�d ta restoration or rcpoir of the
<br /> property datnaged.if the rcstoration or repair!s econamic.�lly feasible and Lender's socurity is nUt lessened.If the rcstorntian ar
<br /> cepair is not oconomically fwsible or Lender's security would be lessened,tha insurancc pmcceds shall be applied to the sumc
<br /> � �' sacurai by this Savcity lnswment, whether ar not then duc, with any excess paid w Swxpwer. If[iarrower abandqns thc
<br /> Property,or cbes not ju►swer within 30 days a notice from l.ender that th�in.surance carrier has offered to settle a claim,then
<br /> Lender moy rnllect the insurance proceeds. [.ender may use the proceeds to repnir or re,ctore the Property or to pay sumc
<br /> securod by this Security Instrument.whether or not then due.Thc 30-day period wilt begin whcn thc noticc is given.
<br /> ----- Un1eRS �.,endtr and Barrower othenvise agree in writi►�, utty nNpli�;nti�� Pf pr4��.t:ds ta pdncipal shall not cxtcnd ot -
<br /> __ - _ postpone the due date of the monthly payments referrcd to in paragraphs 1 and 2 0�chqpge the amount of the paymencs. If
<br /> undu paragraph 21 the Property is acquired by I.ender, Barrower's right to an�inr,urr�e policies ard procoeds resulting from
<br />_- dam�ge to the PropcRy prior to thc ecquisition r,hall pass to L.ender to the exteati caf tha sumx sxurod by t6ia Socurity Instrument
<br /> _ ' imrtkdiately prior to thc acquisition.
<br /> _ � 6.Oxappncy,Pteservatton�Mnintenance and Protection af tde Propeny,HanY���r's I.oan AppltcAtion;[�ceholds.
<br /> $arrower shall occupy,establish,and use the Property as Borrower's principal residenc��r.iU�oin sixty days after the execution of
<br /> ' ,,;,, this Security Instrument and shall continue to ocrupy thc Property ac&►rcawer's princlpnl residence for ut Ieast one yav afur
<br /> the date of accup�ncy,unless Lender otherwise agrees in writing, whiah con�t shall not be unreasonably withheld,or unless
<br /> extenu;iting ciceumstances exist which are beyond Borrower's cantral. Borrawer shall not destroy. damage or impair the
<br /> � . ' PropeRy,allaw the Property to deteriorate, or cammit waste on tho Property. Bor�wer shal! be in default if any forfeiture
<br /> '.<. action ar procceding. whether civil or crimi�al. is begu�that in Lende�'s gonid faith�ud�ment could result in forfeiturc of the
<br /> .� ,� property or otherwise►rwterialiy imp�ir the lien created by this Scxurity Instrumnnt,ur.i.ender's security interest. Borrawer may
<br /> curo tuch a default and reinsmte,a.c provtded in paragraph 18, by causing ths actiqn or proceoding to be dismissed with a ruling
<br /> ' �'r'`''�'•' that,in Lender's good faith determinution, precludes forfeiture of tha Borrowei s intecrst in the Property or other materi�i `
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<br /> ,,;:.�;.;�;;";:.� impaimxnt of the lien crcatod by this Security Instrument or Lendcr's security intarest. Borrower shall also be in default if
<br /> -;ti..��3,;:+;��"r""": ' Borrower,during the loan application proce.ss,gavc mutcrialiy false nr inar.curata informution or statements to[.ender(or failed
<br /> , �� "�'��� . to provide L.�nder with any muterial informution)in connection with th�lot�n avidenced by the Note,including,but not limited
<br /> � , ','� to,ttpr�centatioas concerning Borrower's occupttncy of th�Propeny a�A prinGipal residence. If thiz Security Instrument is on a _
<br /> J' .'' �*•~• " leasehald. Borrower shall comply with all the provisions of tho Iea�e. If�Rurrower acquires fee title to the Property, the =
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<br /> • �easehold and thc fee title shall not merge unless 1.r.nJer agreec to tha margar in writing.
<br /> ,`: �'• • •.�, 7. ProteMbn of I.ender's Ri�hts in the Property.If Burrowor fuils ti�perform thc covenants and agreements contai�ed in
<br />-- •�r�•'�"`•"'"""''�'�:"' • this Security Instrument, or there is a iegul proceeciing thut may signitiruntly•rffect Lencler's rights in the Property (such ac a
<br /> .��; ��'6""�`°'"'�`�`'u prcx�ceding in bankruFxcy, probate, for condemnation or forfciture c�r to enforcc luws or regulationc), then L.ender may do and
<br /> � .""��``.�.' a for whatever is neces to rotect the vutue of thc Pru n and Lender's ri hts in the Pro rt Lender's actians ma
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<br /> -•� , include paying any sums secured by a liet� which hus priority over this S��curity Ihstrument, appea�ing in court, paying
<br /> • ••� •+ rcasonabk attomeys' fees arxl enterin�on thu prupurty to muke rapuin. Although l.ender may takc uction under this paragraph s'-
<br /> ; ar•":._ 'i�.. 7. Laider does►wt have to do�. _
<br />-_ y�y�:. �� ' Any umounts diaburscd by L.ender under thi�; puragrsph 7 .huU becomc additional dcht of Borrower secured by this
<br /> a•M:.; • • . .- Sccurity Inyerunxnt. Unless Borrowcr und l.xnder ugree tu uther tcrms of payment,thetie amounts�hall tx:ar intcrest from the —
<br />_ ° ',;�;�,;,,:;,,,,,..,__ .. date of disbursemem at the Notc rate and shuU bc� puyable, with intcrest, upon natice from [.ender to Borrower requcs[ing ��-
<br />�h paynxnt. �
<br /> V,.�� :�" " _ 8. Mort(;aqe Insuranee. If G:nder required mi�rtguge insurance ax a condition of making thc loan secured by this Security
<br /> •��°� ,•-°"� instrument, Bc�ROwer shall pay tho prcsmiums requircd to muintain the mortguge inwr,�nce in effect. 1f, for any reaton, the
<br /> '� ' � '•'=.:'"3;�•• �' modgage insurance coversge required by lundcr lapses or ceases to t►c in effect. Born�wer shall pay the premiums required to
<br /> - = obtain coverage substantially equivt�lcnt to thu mortgage insur3nce previously in effect, •rt a cost snbstan[iully equivalent to the �_
<br /> 'i `""� � . cost to Borrower of thc mortgage inwranae�prcviously in cffect, from an altcrnatc m�inFagr insure� approvecl by Lender. Tf =;
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<br /> .' :�•�+..4�a•. sulrsuntially equivalent mortgage imuranne coveragc is niK availablc,Borr�iwer shall pay ta Lender crch month a sum eyual to �-:
<br /> -^;J �_� . one•twelfth of the yeady mnrtgago insurancc prcmium being paid hy&�rrower whcn thc insurancc coverrge lapk•d or ceased to __
<br /> ' , ��,���`µ,.. be ineffat. Lender will uccept.ue.:und retuin thc�e payments as a loss reserve in lieu ��t' mongage insur�nce. Loss mserve
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