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<br /> ��95�- �,03��� `-
<br /> S. Nwrd or Property I�ur�nce. Borrower shall keep thc imprbvemcnts now e�isting or hereafter �r�:.�a: o�► ::w �--
<br /> Propeny insurod ogainst loss i�y��. hazards included within the term "extended coverage"nnd nnY other hazards. induding
<br /> fioods mr flooding, for whicl�lfnder requises insur�nce. This insurance shall be maintaine�l in ihe nmounts and for tl�e perlocis
<br /> th�t i.cnder requires. Tiic insur�nce cai7i�r providing thc insurunce shall bc chosen by Borrowcr subject to L.ender's npproval
<br /> which �hall not bc unreasonably aithheld. If Barrower fails to maintain coven�ge describc�J above. Lendcr may. at Lei�der's _
<br /> uptiu�►,obtain covcrag�to pmtect Lcrtdcr's ri�hts in Q�c Property in r.ccordunse with paragraph 7.
<br /> AU insura►�ce policies und renew�ls sl�all be aceeptabte to Lender and shall include a ststnd�us!mongngc clause.. [.erxtcr
<br /> sbaq liave the right to hold the policies and ren^wa1s.If L.ender requires,Borrowe�•shall promptly give to Lei�der ail receipts of
<br /> paid premiums and renewal notices.In the event of loss,Borrower shall give prompt notice to the insurance carrier and I.ender. �-
<br /> I.ender may m�lce proof of luss if not rnade promptly by Borrower. ___
<br /> Unless I.ender and Bonower oAeenvise agree in writing,insurance procceds shall be applied to restorntion or repair of the
<br /> property d�uagal.if the restoration or repair is economically feasible and Ixnder's security is not lessened.�f���o tho�ums ��
<br /> repair is not econa�mic��Y f��ble or Lencler's securit3�waald b�l�sened, the insurnnce proceeds shall be app' _ _
<br /> secured by this Security Instrument, whethcr or not then due, �vitl�any exccss paid to �orcowe�. If Bonower abunduns the �.�..,
<br /> pcuperty,or does nat answer witi�iu 30 days a notice fcam Ler.de*that the insurance carrier h�h�e�T°��nreo'a v1sun s �_�.::;
<br /> Lender may eolleet the insurance proceeds. Ler►aec may use u�c p��..�+� �� �-r"»:�: =w.-._ •--- • - �--
<br /> secured 6y this Security Instrument,whether or nat then due.The 30•day period wiU begin when the notice is given. --V—
<br /> (Jnless I.ender und Borrawer otherwise agr�e in writing, any application of proceeds to principsl shall not extend or ti�
<br /> postpone the due date of the monthly payments referred to in pamgraphs 1 and 2 or change the amount of the payments. if ., ��`
<br />- under pscagraph 21 the Fropesty is acquired by Lender. Borrower's right to any insurance policies and prc�cet�ds resulting from �;:
<br /> darrtage to the Property prior to the acquisition shall�ss to Lender to the extent of the sums secumd by this Security Insttument �A��_
<br /> immediately prior tu the acquisitiun. �;�a
<br /> g,p�cupancy,p�servation,Maintenance and Protection of the Property;Borrower's Loan AppBcation;LRa�eholds. : _�
<br /> Borrower shaii oecupy.es[abiisn,:u�i t�ti��="'=�e%��ri��n�`•°�T`�-,n�'ri;.al r�sidence within sixty duys after the execudon of f,;:x�
<br />- this Securiry Instrument and shall oontinue to occupy the Property as Borrower's principal residence for at least one year after �;�i_ ,
<br /> - the date of occupancy. unless L.�nder otheiwise ugrees in writing. which consent shall not be unreasonably withheld, or unless �_,
<br />- extenuating circurnstnnces exist which are beyond Borrower's control. Borrower shall not destroy, damage or impair the �.�,
<br />- Property,allow the Property to deteriomte, or commit waste on the Property. Borrower shall be in defaLlt if any forfeiture ,,;�.
<br /> - action or praceeding. whether civil or criminal, is begun that in L.ender's good faith jud�nent could result in forfeiture of the =
<br /> Property or otitenvise materially impair the lien created by chis Security Instrument or Lender's security interest. Bono�ver may ;�'
<br />� cure st;ch a default and r�instate,as provided in paraSraPh 18.by causing the action or proceeding to be dismissed wit�h a ruling �.`F
<br />� that, in Lender's gcwd faith desemunation, preclades forfeiture of the Borrower's interest in the Property or ather material ,.
<br />� impairment of the lien cre:►ted by this Securiry Instrument or Lender's sccurity interesx. Bonower shnll also be in defaWt if
<br /> Borrav:er,during the loan application process.�ave materially false or inaccurate information or statements tu L.ender(or failed
<br /> " to provide L.ender with nny matesial information)in connection with the loan evidenced by the I�fote,inclu�ing, but not limited
<br /> � to. representations wnceming Borrower's occunancy of the Property as a principal residence. If this Security Instrument is on a
<br /> ' teusehold, Bonower shall oom�ly wiQi all the provisions of the lease. If Bonowcr acquires fee title to the Propeny, the
<br /> ' leasehold and the fee title shall not merge unless I.ender ugrees to the mer�er in writing.
<br /> 7.Protectton of Leuder's RSghts fn the I°mperty.If Borrower fails ta perform the covenanu and agreements containecl in
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<br /> - this Sesurity Instrument, or there is a le�al procee�ing that may significantly affect Lender's rights in the Property (such us a
<br /> = proceeding in bankruptcy. probate, for condemnation or forfeiture or to enforcc laws or regulations),then[.ender may do und
<br /> pay for whatever is necessary to protcct thc vulue of d�e Property sind Lender's righu in the Property. Lender's a�tions may
<br /> � include paying any sums secured by a lien which has priority over titis Security Instrument. a��pearing in caurt, paying
<br /> ° reasonable attorneys' fees and entcring on the Property to make repairs.Aichough Lenaer mny take action undcr tF�is para�raph
<br />°= 7,Lender does not liavc to do so.
<br /> :� Any amounts disbursed by l.ender under this pnracrlph 7 shall become additional debt of Bormwer sc;cum.d by this
<br /> � Security Instrumcnt. Unless Borrowcr und Lender ogrcc to othcr terms of payment,thesc amounts shall hear interest from the
<br /> '7 date of disbursement at the Note rate and shall be payable, with intec.st, upon notice from Lender to Borrower requesting
<br /> i paynnent.
<br /> � 3.114ortgage Insurancc.If Lender ret�nired mortgage insurance as s condition of mnking the loan secured by this Security
<br /> 'a I�utrtament. Borrower shall pay th� pe�emiums ru�uired to maintain the mortgage insurance in effect. It, for any reason, the � �
<br /> � mortgage insuranee covern�e requireci by L,ender lapses or ceases to be in effect, �orrower shall pay the premiums required to
<br />_ � obG�in coverage substunti:illy equivalent to tl�e mortgage insurance previously in effect, at a cost substantinliy equiv:ilent to the
<br /> � cost to @onrower of the mongage insurance previously in effect, from an altemate ma::gsg:. insurer approved by Lender. If �
<br /> � substantially equivalent mortgngc insurance covcrage is not availuble,Borrowex shall p�y to Lendcr each month a sum cqual to �
<br /> .. one-twelfth of tite ycariy mortgage insurance premium being p�id by Borrower wnM►tlie insurance covemge lapsed or ceased to i ,
<br />=� be in effcx:t.Lcnder�vill accept. use:md retain these paymenu as a loss reserve in lieu of mort�a�e insurance. Loss reserve i
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