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<br /> �=�, ,�x��;� :: . 5. Aa�rd ar Pd'operty Iastsran�. �orrower shall keep ihe improveaaents now existing or hereafter erected on tfie
<br /> ,_�=r:�'�� ,.�_,r:. ProPerty insured against Ioss blr fire,b�ards iactudsd within the term°e�er,d'ed coverage"aud any other haranis. incIuding ,
<br /> ��`;�`':�..�:�•':;°, flaads or ftooding,for wiuch Leader reqnires insuranFe.Tius insurancs shaU be maintainec!in the amouats ana for the periods �
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<br /> ��fi:`�' `�s; that Lender cequires.79ie insurance carrier provi�ing tt�e insutunce shall be chosen by Bomn�rer sn6ject ta I.ender's�pprovai
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<br /> --:'�`,n:� •;��;:��. w6icG shall rtot be nnreaspnably withhetd. If Borrawer fails to�snaintain cQverage described ahove. Leuder may.at Ixader's .
<br /> :�r• � .� • :;: OpiiOi�.o6tain wveiage to protect l.ender's rights in the Properry in uccordance with paragraph 7.
<br /> -?:�; , �. Atl insurance polic4es and r�aewals shalt be aec�ptable to Lender an@ shull iaciude a standsrd niortgage clausc. i.estder -
<br /> r�. �" �� r shall have the right to hold the poiicies and renews�ls.If Ixnder requit�s.Borro�r�tr shall promptiy give to Ixader al!receipts of .
<br /> �. . . .
<br /> _, . -,� ' � paid pre�iums�nd reaewat natices.in thc tvent a€luss.Bvrrcnver steal! �ye r� t nQiice w the ins�srance carrier an�l i,e��deX..
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<br />� ; � ' Lender may make praof of loss if wt msde ptotn�.+tly by Borrower. . ;. �
<br />_ ":,, • - Untess Lender and�arrower otherwise agree in�vriting.itt�umnce pra�ces�is shall be applied to restoration or mp�ir of the .
<br /> ':�.:; �^ �� - Propeny damn�ed,if the resrotatian or repair is economisally fqsible und Ce�er's security is ttot les�tined.lf the restnration or
<br /> � � �•��' reQair is rrot economicalty feasible or[.ender's securiry•would be lessened: the insurance proceeds shafl 6e apptiai 2o the sums.
<br /> � secured by this Sscurity Instrument.whether or not then dae. with any exoess paid.to Borrower. [f Bnrrower abandons the .
<br /> I...���=:.�``•�`:.`.; ` �' � Prapeny.nr d���not nrswer within 30 days a notice from l.Qnder that the insurance canier has offened w settte a claim,then ,
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<br />=�::F«`-�•k� �' '``,� . Lender may eallect the insurance proceeds. Lender may use the pmceeds to repair or restore tGe Property or to pay sums
<br /> "t' securcd by this Security instroment,wheaher or noi then due.The 3D-day period will begim when the notice is given.
<br />_ -'� �. . , ,;. ' .'
<br /> . , � Utitess Lender and Borrower atherwise agrce in writing, any applicadon of proa�cts to principai shall not extend or .
<br />�:,:z •. . � � p�stpone.the due dat�of the montfily payments referred co in paragraphs 1 aud 2 or cUange the amount of the payments.If` '.
<br /> _ ' �"_ ' under paragrap:�21 the Property is acquired by Lender.Borrower's right to nny insurance palicies and proceeds t�tilting from
<br /> 'r �.� "���- :`��• ; cta�nage to the Pmperty priar to the acyuisition shall pass to Lendeo to the emeat of the sums sec�ted by this Security Instrument
<br /> ' ' isnmediately prior to the acquisiaan.
<br />. ,� - _ -----�-. � . 6.Occu�saut}+,PreservatIon,Maintenaace and Protectioa of the Prapectq;Borrower's Yaan ApPlicatton;Lgasebolds.
<br /> � :�,-, • �� �� - - ���Bote�w�r�sh�ali�csccapq.establish.and use�the Property as�8orrower's�principal tesidez�ce arittiia sixty days after tt�exeaidon of .
<br />_;`<,. _ - • ; this Security Instrument and shall continue to occupy the Property as Horrower's principaf resid�ce foz at least ana year after
<br /> � • j tl%date of occupancy,unless Lender otherwise agrees in writing.wiuch consent shall not be unreasonably withheld.or unless
<br /> . ' • . � � extenuating circumstances eaist which are tieyond Borrower's control. Borrower shaU not destroy, damage or Impair the
<br /> ---' ' " _ � � Property. allnw the Property to deteriorate,or commit.waste on the Property. Borroi«r shal!be in default.if any forFeitnre •
<br /> ' r � � • i action or proc,eeding.whether civil os criminal.is begun that in Lender's good faith jufl�ment coutd resWt in forfeitpre of the .
<br /> - ° ' � Property or otherwise materially impair the lien created by this Security Instrument or L�nder's security intenes�BotrowerYnay
<br /> " ' � cure such a defauit and reinstate,as provided in parzgraph 18,by causina the action or proceeding to be dismissed with a niling
<br /> ' . �� � that. in l.ender's good fait6 detemiination, precludes forfeiture of the Sar�ower's interest in the Property or other materiai
<br /> impairment of the lien created by this Security Instr�ment or I.ender s security intecest.Bprrower shall also be in default if ,
<br /> � . Borro�ver,during the[oan applic•r3�n process,gave materially false or inaccurate infvrm��_�n or statements to Lendes(or failed
<br /> ' �� °`'`.`� to provide Lxnder with any matec�a1 information)in connection with tlie laan evidenced t5�,:he Note,iacluding.bu3 not limited
<br /> � ` , � ,- .. to.representations canceming Barrower s occupattcy of the PropeRy as a principal re"sidence.If this S�arity Instrvment is oa a .
<br /> , • � leasehold. Bonower shall comply with all the provisions of the tease. If Borrower a:quires fee dtle to the Property. the
<br /> ' ':,,,,�;.; �`.'� � leas�hold and the fee title shalt�ot merge unless Lender a�to the merger in wriang_
<br /> �'�:� • : ; 7.ProtectIon of Lender�?2i.ghts in the PropPrty.If Borrower fails to perform th��venants and agnements wmaiaed in
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<br />' "� ' �•�?" � this Security Instrument, or th.�ra is a legal proceedins that may significantiy affect Lezder's rights in the Froperty(sueh as s
<br />-� p r o c e e d i n g i n b a n t a u p t c y.p r o b a t e, f o r c o n d e m n a t i a n o r f o r f e i t u r e o r t o e n f o r c e l a w s o r r e�u l a ri o n s>,t h e n L e n d e r c a a,y d o a n c l
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<br /> � pay for whatever �s necessary to protect the value of the Propeny and Lender's rights in the Property. Lender's actions rr�y •
<br /> K�y�:,r:,:,;;.y�,�;r• ' • include paying any sums secured by a lien which has priority over this Security Instrument. appearing in wuri. payfng �
<br />;;,;;fif r.�;�:':������,. .; ', reasonable attomeys fees and entering on the Property to make repairs.Although Lend:r may take action under this paragrapSi
<br /> "%'����: ''���` � ' 7.Lender daes not have to do so. •
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<br /> Any amounts disbursed by Lender under this paragraph '] shall become additional debt of Borrower serured by this
<br /> _'��� • . � � Security Instrument. Unless Borrower and l.�3er agree to other terms of payment. these amounts shall bear interest from the.
<br />- � .� :'�.: • � date of disbursement at the Note rate and�[z:] be payable, with interest. upon notice from I.znder to Borrower requesting
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<br /> .,,.;:+., .. �: � Payment. •
<br /> ��-� � ��c'�': � S.Mortgage Insvrance.:�:��:der reqaired mort�e insucance as a condition of�.aking the toan secureA by this Security .
<br /> ' ,. � Instrument. Borrower shall�ay the premi�zns reyuired to maintain the mortgage insurance in effect. If, for any reason, the.
<br /> ;'� .' . • mortgage insurance coverage required by Ler,d:r lapses or ceases to be in effect.Borrower shall pay the premiums required to
<br /> �.. ;;;i . � obtain coverage substantially e�a;.:alent to the mortgage insurance previously in effect.at a cost substantially equivalent to the _:
<br /> u.��T ��;;•:, ;. wst to Borrower of the mortg��?insurance previausly in effect, from an alternate e�a:taage insurer approved by Lender. If =
<br />':� . � ����`f l��r . � � substantially equivalent mort�agz insurance coverage is not available,Borrower shall pay to Lender each month a sum equal to
<br /> 1}:.;.�'.. � Y Y S S P g P � Y & P �
<br /> - • ,,..�„�. f one•twelfth of the earl mort a e insuranoe remium bein a�d b Borrower when the insurance covera e la sed os ceased to
<br /> :i``�?'� ' � be in effect.Lender will accept.use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss resenre
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