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<br /> '. , ' ' R:-IiCCUEiOEG � 9 5� �.048�� _
<br />- • .' :'+ �: ' S. Hou�d or Property ln�uronce. Borrower shcttl keep the improvements now exlsting or hereaRer erected on the�
<br /> "�,� �� Propeny insured Aguir�st loss by fire,huznrds included wlthin the tecm "extended caverage' and any other hazarda, including�
<br /> '`••.'••'�' i;� flaodF or tlaadin ,for which Lender p� �t
<br /> ��.�,�.•+.¢�, 8 requires insurance.This insuranre shall be mainteined in the umoun�c and far the r�ads
<br /> : that Lender requires. The insurance currier pravidin�the Insurance shall be chosen by Bonower subject to Ixnder's upproval �
<br />:__L,,•��•:"`,v' which shutl nat be unrcusanably wIthheld. If Borrawer fuils ta maintain coverage described above, Lender muy. at I.ender's L
<br /> � aption,obtuin rnvernge ta protect Lender's ri�hts in the Property fn accordance wlth pnragraph 7.
<br /> �''� All insurAnce pallcies and renewals shtill be ucceptable ta Lender a�id shall include a stendard mortgage ctause. I.ender
<br /> shsll have the�ight to hold the palicIes and renewals. If I.ender requi�es.Borrower shall�romptly�ive to I.ender all receipts of
<br /> ° ' � paid premtums and renewnl notices. In the event of loss,Bonower shall�ive prompt natice to the Insurance carrier and Lender.
<br /> •••�-`.'r�'� Lender may make praaf of loss if not mnde pramptty by Borrower. —
<br />:r'':`�:� Unless L.ender und Barrawer otherwise agree in writing,insurance proc�eds shalt be applied to restaratian or repa�r of the -
<br /> �'�-�E�"' Praperty damagai.if the restoration or rep�ir is economlcally fesisible and Lender's securjty Is not lessened. !f the restoration or -
<br />��_�_��� e s
<br />`�.:;r repair is n�t economicsilly fex�sible or I.ender's secudty would be lessened, the insurance proceeds shall be applled to the sums
<br /> ='��=-,--- secuced by this Secur�ty Instntment. whether or not then due, with any exces.s paid to Borrower. If Borrower abandons the
<br />-�-
<br />�.t�a Ptopetty. or does not answer wlthin 30 days u no�ce from Lender that the inaurance carrIe�has offered to settle a claim.then
<br />"''--`-r"'�'°'� I.ender may collect the insurance proce�da. Ixnder may use the proceeds to repair or restore the Property ar to pay sums
<br /> v�� secured by thig Secarity instn�ment, whether or not then due.The 30-day per�od wlll begin when the noticc is given. �
<br />�','�►� Unless L.ertder and Borrower otherwise agrec in wr�ting. any application of procceds to principal shall uot extend ot
<br /> p�,st�wi�ti��a�uC Ja� u;tliu uwnddy pay�ucnt� referred to in parasraphs t and i or chunge the ramaunt of the payments. !f
<br /> ��: t�' under paragraph 21 the Praperty is acquired by L.ender,Borrower's right to any insurance policies and proceeds resulting from
<br /> °,:;�x� _
<br />-u���"•� damage to the Property pri�r ta the acqufsitton shall pass ta Lender to the extent of the sums aecured by this Security Instrument �-"�
<br /> immedtately pdor to the acyulsition.
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<br />���—�,, 6.Occu�,Aney,PreservaHon,Muin�tenance and 1'rotection of the Property;Borrower's Loan App]ication;Leuseholdn.
<br />=�--���'-� Borrower shull accupy.estabtish,and use the Property as Bosower's principal residence within sixty days after the exec�tIon of
<br />�_'_���`3� thia Security lnstrument end shell candnue to occupy the Property as Bornower's princlpal residence for at least one year after
<br />=--•--_— the date of occupancy. unless Lender othenvise agmes in wdting.which consent shall not be unreasonably withheld.or unless
<br />_��'� extenuadng ci�cumstances exist which ara beyond Borrower's control. Borrower shall not destroy, demage or impair the
<br /> �n+�'�1��7 Property. allow the Properiy to dete�ior�tP, nr coo�mit waste on the Property. Botzn�rer slis!!be fa defssslt if sny farfaisnre
<br /> ,.,�rf��:'i? action or roceedln , whether civit or criminal. is be un that tn I.ender's ood faith 'ud
<br /> p g 6 8 ,I gment could result in forfeiture of tiie
<br /> "�t'"'" Px+operty or otherwise materially impair the lien cmated by thi6 Securiry Instniment or Lender's security intcrest. Borrower may
<br /> �==- _= curo such a default and reinstate.as provided in paragraph 18,by causin�the acdon or proce�ding to be dismisse�w[th n ruliag
<br /> --- that. in Lendsr's good faith detennfnation, precludes forfeiture of the Borrower's fnterest in the Property ar other material
<br /> impairment of the lien created by this Security Instrument or Lendcr's secudty lnterest. Borrower shall alro be in default if
<br /> Borrower.during the loan appltcation process.gave mater�ally felse or inaccurnte inforniatian vr swtements to L.ender(or fa�led
<br /> - to pmv3de Lender wlth any n�ateriai information)in connection widi the loan evidenced by the Note.including.but not limited
<br /> to.representations conceming Borrower's occupancy of the Property as u principal residence.If this Security Irtsirument ls on a
<br /> leasehold, Borrower shall romply with �II the provislons of the lease. If Borrower acquIre.w fee tide to the Property� the
<br /> leasehold and the fce titie shutl not merge unless Lender agre�,w to the merger in wrltIng.
<br /> 7.Protoction of L.endee's Rights in thP Property.If Borrower fulls to pedorm the cavenant�wid ugreemente conwinod in
<br /> this Secudty Insnument,or there is a legal praceeding that may sign{Cctantly affect I.ender's rlghts in the Property(such as a
<br /> proceedin�in bankruptcy,probate, for condemnatIon or forfeiture or to enforce laws or rel;ulattons).then L.ender may do and
<br /> pay For whatever is necessary to protect the vatue of the Property nnd Lender's rights in the Property. l.ender's actIons muy
<br /> include paying eny sums secured by a lien whtch has prlority over this Security [nsuument. appearing in court, paying
<br /> reasonable attorneys'fees and entering on the Property to matce repairs. Although Lender may take�tcdon under this parnIIrapli
<br /> _ 7, I.,ender does not huve to do so.
<br /> Any amounu disbutsed by L.ender under this para�raph 7 shall become additional debt of Horrower secured by this
<br /> ___ Security Instiument. Unless Borrower and Lender ugree to other terms of�aymem, thecP amounts chap t+ear intecest fmm the .
<br /> date of disbursement at the Note rate and shali be payabte, with interest, upon notice from I.ender to Borrower requesting
<br /> --- {tayment.
<br /> -�--= 8.Mortgage LBUrance.If L.ender required mort�age insurance as a coadidon of making the loan secured by this Secudty
<br /> -- _= Inst�ument. Borrower shall pay the premiums required to maintain the mortguge insurnnce [n effect. If. for any reason, the
<br /> ____ mortgage insurance coverage requlred by Lender lapses or cea�ses to be in ef4'ect,Borrower shall pny the premiums�+equired to
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