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<br /> � 3. liva�rl or Pmperty Insur�nce. 13arrawcr tihnll keep thc Lnpravements now cxisdng on c�reaftcr srer,�ted nn thc
<br /> Pmperly insured against loss by fire,I►a•ra�ds includal with�n the terroi "exiended coverage" and tiny other hautei�, including '
<br /> floais os floading, for whir.h[.i:n@cr rec�uires insura��cc. This insurance shall 6c rnnintained i�y the anx►unts�inc1 toe the�eriods
<br /> - -` - ° tiuu Y_tnde.r requires. 'lhe insurance carrier providing �he in5urunce siiull be cf�t�sei� by Fsuuuwer auLjcct tu I.t���r's i.�;p�vva{ �
<br /> � which sk�all not be unreasunably wi4hheld. !f&�rrawer fails to mxintain covernge cfescriba! abnvt, L.entler may. at L,endRr's
<br /> ,�,i �ption,c�btain covcragc to pratect l,�ndcr's rights in�hc Property in sccardancc with paragraph 7. '
<br /> AI[ insurance policias and renewals shall lx acccptable to IAnder u��d shal[ i►iclude n staixiurd murtguge clause. Leroder
<br /> sliall t�avc thc right to I�old the Nolicirs ai�d renewats.If L.cnder r�quires,Soreowcr shall prom�tly give to I.cndcr�11 rcceipts of
<br /> paid premiums ancl cenewal nutices. !n tlie ev�nt of losG,Borrowcr sh�7l give prompt natice to U�c insurance carrier aixl i�;nder.
<br /> Lcnder may make proof af loss if not made prompdy by Borrower.
<br /> Unless Lender aixi Bormwer otheiwise a�ree in writing,insur�nce proceeds�sliall be appl ied to restoration or rep�ir of the
<br /> Propeny da►naged, if ttie n:storation or repair is economically feasible and Leitder's security is not Iessened. If the restoration a:
<br /> repair is not econnmically feasible or Lender's security would be Iessened.tl�e insurance procceds shall be applied to tht sums
<br /> securcd by this Security Instroment, whcther or not then daie, �vith :uty cxcpss paid to Iim•i�ot�•cr. If Borrowcr abandons tlte
<br /> lroperty,or dcxs nas answer within 30 days:►noticc from I.endcr tliut the insurance carricr has offered to settle a claim,thcn
<br /> I,ender may collect the insurance proceeds. Lendet rnsty use the procecxis to rep�iic or restore the Pmperty OI' t0 PAy SltiflS
<br /> �., , sc �rre�by thi Security Instrurrtent,whether or not thcn due.The 30-day period will begin when the noticc is given. _
<br /> __ _ Unl�.ss Lender and B�rrower othenvise ugree in wriung, any applicution af proceeds to principal shall not extend or ___
<br /> _ _`_,_ __ postpnn�the due date oi thc monthly pnyments referrtxt to in�nrtigrn�hs I �nd 2 �r change ihe antount of dte payntents. If `_
<br /> under parngraph 21 the Property is:t�quircd by Lender, Borro�vcr's right ro any insurancc policics and pra;ceds resulting frotn
<br /> � ' damage ao the Property prior to the acquisition shaU pass to Londer to the extent of the swti�s se�:ured by this Security lnstrument
<br /> immr.diately prior to tl�e xcquisition.
<br /> ___— _ 6.Occupancy.pmservatioi�.Malntenance anal Prateciion of the 6'roporty;Borrower's Loa�z Applicatlon; ]Leaseholsly. __
<br /> Borrawer shnll occupy,esmblish,And use the Froperry as Hon•ower's principal residence�vithin sixty days after the execution of
<br /> this Security Instrument and shall continue ta occupy the Prot►erty as Bonower's principfli residence for at least ane year atter
<br /> _ the date of occuQancy, unlYss l.ender othenvise agr�es in writing, which consent shall not be unreaconahly withheld,or unlec5
<br /> extenuating circumstances exist which are be,yond Bonower's wntrol. Borrower shall not destroy. dama�c or impair the
<br /> Property,allow thc Property to deteriorate, or cornmit waste on the Property. 8orro�ver shall be in default if any forfeiture
<br /> -- — action or proceeding, whether civil ar criminal,is begun that in Lender's goal fnith jud�ment could result in forfeiture of the
<br /> —= Property or othenvise materially impair the lien cmated by this Security Instrument or Lender's security int�erest.Honower may
<br /> ��"""� c¢re such n default and reinstate,as pro�iided in puragraph 18,by causing the action or proceeding ta be dismissed with a n�ling
<br /> �� that, in L.ender's gaod faith determination, precludes forfeiture of the B�rrnwer's interest ir►the ProUerty or other material
<br /> — impairnient of the lien created by this Sccurity :nstrumcnt or Lender's security interest. Sorrow�r shall also be in default if
<br /> Borrower,during the loan application process.gave materiaUy false or inaccurate informutiun or statements to Lender(or fniled
<br /> `'��� to provida Lender with any materinl infomiation)in connection with the loan evidenccd 5y ihe Note,including,but nat licnitcd
<br /> ,�_a_ to. representations conc;crning Borrower's occupancy crf the Property as a principai residence. If this Security Instrument is an a `-=__-
<br /> --__= Icasehol�-1, Borrower shall comply with all thc provisians of the Icasc. If Hotruwcr acquires fcc tiNc to thc Property, the �:i--
<br /> --_- - = Icusehold and the fee title shull not mer�e unless Lender agrecs to thc merger in writing.
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<br /> °-°_— 7.Protectton of Lender's Rlghts in the Property.If Borrower fails to perform the cuvenants:uid agrecmenGS containcd in �:--
<br /> - _ - Y S P S Y • g Y ' 6 P� Y �..}-�
<br />----_�� this Securit Instrument, or there is a le al roceedin thut ma si nificantl affect Lender's ri hts in the Pro rt (such as a ,�
<br /> ---- proceeding in bankruptcy,probate, for cortdemnation or forFciturc or to enfurce laws or regulations), then Lender may do and C"-'��
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