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<br /> J5-� 1(3'�t�'7
<br /> S. Hrxard oe ['roperit [i�urrnce. Horrower shall kctp the impravoment9 n��w existing or hzrcaRcr erectad nn tht
<br /> Property inaured a�yinat losa by Gre,hazxrds i�uluded withln the tcrm "extc►�dod cover�ge" and any other ha�rda, including
<br /> nixxis ur flcxxliug,for which I.cnder rcquires ensttrartce.Tl�is insurance slirdl be�naintuined in the mnounts und l'oe the periada
<br /> that Lender roquires. 'fi�e insurance carrrier providing tiu insvrana shafl be chosen by Bercowet subJtct to I.ender's nppmval
<br /> whEch shall twt ba unreasunably withhr.ld. If Borrawer fails tu in�intaln coverage describal above, l.endez znuy, at l.t�xier's
<br /> aption,obtafa eover�ge to pmtect i..ender's rights in the Propetty in accordance with paragrnptt 7.
<br /> All inxurnnca pc�licies aml rcnewals shall be acccptable tu [,cnder and sFull include a stai�tani mortgegc clause. �.ender
<br /> shall havc tl��right to hald the policies nnd rencwals. If I.ciider r�quires,Borrowcr shall pmmptly givc to Lender nll rcccipts af
<br /> paE6 premiums arxl rencwal nqtices. In thc cvent of loss,Borrowcr sh�ll give prompt notice ta thc insurance r.Arricr�trxl l.ei�der. �,
<br /> Lcixler may make proof of loss if not made promptly by Borrower.
<br /> Unitss I,ender nnd Borrower othcnvise agree in writing,insurance procceds shall be applicd ca restoration or repair of the
<br /> Property dnrr�maged,if Rhe restoration or rep:�r is ecor.omic;ally fensible and Lender's security is not lessenal. Ii'tho restor�tinn ur
<br /> repair is noe ecan�omicaliy fcasibte or Lender's securicy wiiulcl k�e fessened,d�e insurance prorceds shall bc npplial to t4�,^,sums
<br /> secured by this Security Instrument, whether or not then due, Fvith nny excess paid to Borrower. If Barrower nbu►nd�ans ttee
<br /> Property. or docs not answer within 30 days a notice from L.ender that the ir�surAnce carricr has offerai to settle a claim, then
<br /> Lender may wilect the insnranr,� praceQds. lender ntay use the proc�ds to repair or restore��e Property ar to pay sums
<br /> secure.�i by thi9 Securiiy lnshument,whedier or not then duc.The 30-0ay periocl wiU begin when die notice is given.
<br /> Unless LeRder und Hano�ver othcrwise agrec in writing. any application of p�c�rls to principal shull not extend ar
<br /> E►os�pone the due datc or"die n�onthly paymcnts refcrred to in paragraphs I :�nd 1 ar chungc the a�nount of thc payments. If
<br /> under paraaraph 21 tt►e Yroperty is acquircd by I.endcr, Borcower's right to any insurance policics and proceeds resultina from
<br /> damage tu ihe Pro;�crty prior to the acquisition shall pass to Lendcr to thc extcnt of thc surns sccurcci by tl�is Sccurity Instrotnent
<br /> imnx;diatcly prinr to thc ucquisltion.
<br /> 6.Occupancy,Preservation,Mctlntenance and Proteciior of the Property;Borrower's Loan Applicatton;lre�seholds.
<br /> IIorrowcr ch,di occupy,cstablish,and use the Praperty as Borro�vtr's principal residencc within sixty dFtys aftcr the exccutton af
<br /> this Secutity Instrument and shall continue to occupy the Property as Borrower's principal residence for at Ieast one year after
<br /> t6e date of occupancy, unless Lender othenvise agrees in writing, which consent shall not b� unm.asonably withheld,or unless
<br /> CXICIIUATIIIk Ci�CUIIISt3IICC5 CXtsI whic6 are heyond Hnnower'c rnntrr+l Hnr�tiwn� cji�ll nnt Arct�n� tl��aor� n! j���jf tht+
<br /> Aroperty, allow the Property ta deteriomte, or commit wuste on the Praperty. Bonower shall be in defc�ult if any forfeiturc
<br /> actian or.procceding, whether civil nr criminal, is begun that in Lender's good faith jud�ment muld result in forfeiture of the —
<br /> Property c�r othenvise materinlly impair the lien created by tiiis Security Instrument or L.ender's scce�rity interest. Dorrower may
<br /> cure su�h a defuult and reinstate,as provided in p.v�agraph 18,by causing the action or proceeding to be dismissed with a ruling
<br /> that, in L.ender's good faith determination, precludes forfciturr of the Borrawer's inter�st in ihe Property or othcr maserial
<br /> impuirment of the lien createcl by this Security Instrument or Lender's security interest. Borrower shall also be in default if
<br /> Borro�ver,during the loan application proccss,gave materiuUy false or inaccurate information or statements to Lender(or failed �
<br /> to provide Lender with any material information)in canriection with the loan evidenced by the Note,including, but not limited
<br /> to,representations canceming Borrawer's occupancy of tlie Property as u principal residence. Yf this Security Instrument is on a
<br /> Ieasehald, Borrowcr shall comply with atl the provisions of the Icase. [f Borrowcr �cquires fee title to thc Property, the
<br /> leasehold and the tee dtle shall not merge unless Lender agrces to the mergcr in writing. ��--
<br /> 7.Protn�iion oi i.ender's Rights in the Pcoperty.If Borrower fuils to pet�form the covenams und agreements contained in �;..
<br /> this Securiry Instrument,or there is a Ie�al procecciin� that may significantly affect Lendei s rights in ttie Propeny (such as a ��
<br /> procecdtng in bankruptcy, probate, for condemnation or fo►feiture or to enforce laws or regulations), then Lendcr may do and
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