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. ".J.:i—:,. g3•�110049 s. Hwrd or Prnp�ety Lwranoe. Borrow�er�tl Iceap d,e inipn►v�s now eal�tin� or t,a+attu erected oa tbe Propesty lmured��inu las by tire. h�rards included within the tecm'exta�ded coverage" and any other t�raedt, includln� tloods or tfoodin�, toc vrhich Ira�der requira iruuranoe.This inwnu�oe�hall be m�inWned fn the amounu and fix the pa�lods dLt l.aider�oquira.The irowrmoe carrier pcovkiir�tfxs i�uw�aua:iwit tx tri�-�by��•ci�tj� ta L:r•c3�'��rprors! — which sfwll t►ot be unte�wr�bly withlield. If Bar+ower f�ils to mdntain oover�e dacribod obove. l.a�der m�y.�t I.eada's optioa.obuln oov�cra�e to protecx Lender's�iQhu in tbe Propaty in�000Mar�oc with p�a�rAph 7. Ali inwranoe polickt and t+�newal�sFatl be aoapt�bk to l.rnder and�h�ll ir�clude a st�r�d�rd mort�age clwse. Lendor �Full Fuve the ri=ht w boW the policla md rerxw�ls.if L.ender ra�uircs,Horrower sdi!pronyxly�ive w Laida�aU reaipta ot paid pmniums and renewal natim.In tbe event of lo�a.Bornower sfi�l1�ive�mpt nai+x ro the insuranoe carriev ad l�ad�r• Leoder diay mpke pt�cof of laas if not m�de p�vmptty by Burrower. Uolaa Lerder and Bom�wer othenvise a�ra in wtiUng.inwrxnce{xoceeds shall be�ppliod to ceatontion ur repsir of the Property domsged,if the rataration or repair is aonanlpily fe�ible and Lender's secudty is not launed.If the rwtontjon or repair is not economically fessible or Lender's secnrity would be les�erod. the inwrupe prooeeds chall be appltod to tbe awns � aavcad by this Sacurity Inuiurr�ent, whether or not tt�due, with any ezoesc paid to Harrower. If Boerower ab�r�don4 the Pra,xtty, a does not answer wlthin 30 days a notice frnm [.ender tlwt the inaurunoe carrler h�s offerod to satle a claim, tha� Lender may cdiect the inwrance pcnoeads. L.ender may use the prooceds to repair or restorc the Pmperty or to pny wa�s �ecured by this Savrity Instrument,whetfier or not then due.The 30-day pedod witl6egin when the not�oe is given. Unless Lender u�d Borrawer otherwise agroe in wrltinB. anY application of procbeds t� pdncipal stnll nat ext�nd or postpo� the due date of the rtwnthly payments refe�red to in p�r�►�phs 1 arrd 2 or change the amount of the paymenta. If under paragriph 2! t�.I'rag..�iy is sc�uirc�by Lcrsdcr. Barre��'s si�st to s�y in:urae�ce policIes and prooec+d�s rrsulting from dart�ge to the Property Prior w the�equisitioa slall ptss to Lenda w tbe extent of the wms securod by this Secnrity Iastn�ma�t iRUnediuefy prior to flte s►cquisition. f.Oocupancy, Pre�ervadon,l�Wntenan�Y ond Protection ot tbe Pmpaty;Borrower's Loan Applicatbn:I.esse6olds. Borrower shall occupy.establish.and use the Property as Borrower's pri�xipal r+esidence wlthin sixty dAys after the executton of this Socuriry Instrument and shall continue to occupy the Properry as Borrower's principal residence for at least one yeu after the dau of occupancy,unless Lender otherwise agrees irt wrlting,which wnsent shall not be unreasonably wlthheld. or unlesa extenuating c3rcumstances exist which ere beyond Borrower's control. Bomower shall not dcstroy. damage or impnir the Property. ailow the Property to deteriorate, or commit wasu on the Property. Borrower shall be in dofault If any forfeitune _ action or proceoding,whdh�r civil or crimjnal.is begun that in Len�er's good faith judgment could result in farfeiture of the Property or othenvise rtwterially impair the lien crrated by this Sacurity Instcument or I.ender's security interest.Borrower may cure such a default and reinstate,as provided in paragraph 18,by causing the action or procading to be dismissed wtth a rultng tt�at, in Lender•s good faith detcrmination, precludes forfeiture of the Borrowar's inter+est in the ProFerty or other materW iiapai�nt af the iien cr�ied by tliis�carity Instrumcnt or Lcndcr's sccurity intcrc�t. Borm�:cr�h�!! al:ss he ia defsnls if � , Borrower.during the loan application process.gave matedally false or inac�:urate infom�ation ar statements to Lender(or failed -I to provide I.ender with any materi�l inforn�ation)in connection with the loan evldenced by the Note, including,but not limitod to,representations concerning Borrower's cxcupancy af the Property es a principal residence. If this Security Instrument is on a -� leasehold. Bamower shall comply with all the provisions of the lcase. If Borrower acquircs fa title to thc Property, the ' leasehold and the fee tide shall not merg�unless Lender agrees to the merger in wciting.