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Som►wer shall'keep the improvements aow ex3sting or hereafter erected on the . �: <br /> .�E`, — <br /> , • Properry insu�ed agai�,ct loss by fire.hazards included�rithin the term'extended wverage"and any othsx�hauirds, inciudiag = <br /> ` �• �° � �tovtis oP tlaad[ng. for�vhich L.cnder m,quires i�surance:This insur.�rzcc sh�l1 be maintained in thc amounts und�for the perinds �_ <br /> ` th�t Lender requices.7gse insuranoe cartier prodiding the insurance shal! be chosea by Bormwer sub}ect tfl I.�nder's agpmval � <br /> � • ��`,'i_'; -�which sluili nat be e�nreasonatily.withheld: If Horrower fails ta maintain mver.�ge descri6ed above. Lertder may, at Lender's . �:_ <br /> -` `r �: nption.obtain coverage w protect LCtider's rights in the Prgperty in s�r�ia�n�with.paragraph 7• .' � � . � <br /> ' ����' Ali insuranre polisies and mnewafs shalI tse aeceptable to L.eader and shall include a atandard mortgage clause. Lendet w <br /> �:::�.Z:._•-;`°`-�.' • shall bave the,righE�co hotd the policies and rea�wals.[f IxMer requir�s.Borro�ver sflall pramptly give to LEnder a!!reaeipts of � <br /> �r-� _ �.- ---� - pai�piemiums and neneiirai aotioes.In the event o4'toss,Bmra�ver s'icsii give pi�ompt cmti�iv ticc i�iswmnx i�i•�r a-�L'err�:. - --- - <br /> '• i ; '. ;.. Lend�i may make�proof of toss if nnt m�de protnptly by Bnrrower. = <br /> , , linless I ender ami Borravrer othenvise agree in�vriting..insurance Praceeds shatl he applied to testotation or repair of the <br /> , • � :!`", . property dama�ed.if the restoration or repair is eaonomicaliy.feasible and Lender's securiry is not les�en�.If the restoraiion or <br /> :.:� ` • . �:. , repair is not ecoaomically feasible or t,endez's security wautd 6e lcssened.the insurance proceeds sha116e applieii to the svms <br /> = . ,�..�: �.• se�vred by this Secucity Instrument,whether or not then due. with any_excess paid to Borrov�rer. If 8orrower abaadons the <br /> `�� ?•�'. .Y� ..Q L i�� � . <br /> ,..,'.� .�..: .., _-,: Pmperty,ar dues ntlt aa�ver witIIiln 3Q days a aotice from Lender that•.the insurance czurier has offered to settle a claim,then _ <br /> - - . . .�.�:�� Ledder rriay collect t6e insuranoe�mceeds.'Lender may use the psooe�ds to repair or restore the Prop�rty or ta pay sums <br /> � :`..r�- . <br /> �F`_��� ' �•� ��•r. s�ured by this Security Insuument.whetfier or not then due.The 3Q-day period will6egin when the noiice is�ven. <br /> , � :� <i,:; UnIess Lender and Borrower otherwise agree ia�vriting,�ny appltcatiou of praceeds�o prtncipa! ahal! not extend or -_ <br /> �. '};;,;�'. v.j .°• postpone the due date of the montlily paymenis referred ro in paragraphs 1'and 2 or change the amount of the payments.If <br />:_�.,�_��_.�..�.,�`r �� b.21 the Pro rty is'a ued b Lettder,Bormwec's ri t to�a insurance oliaes and roceeds�sultin from� . <br />:r..:. :� . . -..� �- — -- —�- -- �° Y S� Y F P g <br /> � '"`�'"; ��� �� � � rior o the a---=iuori§fiall ass[o Lendei�fo-tlie e�ii t�f th��sums�sesnred by-thisSeauity-Ins�mient�- -.� - <br /> ; : ,. . ��..� -. ., . . ..�ge to the ProP�i'�Y P � p--- <br />_�.,.-:..,-;`�,:� immecliately prior to the acquisition. -- <br />•�r�,:; '" 6.Occupancy,Presesvatloa.Maintenanc8 and Ptotedton oY the Ptopesty,BoreoweT's Loan ApplIt�atfon;Leasdho�dg. . <br />-. ��+`� .�`�i,��� Borrower shall ooa�py,esta6lish.and use the Property as Barrower's primipal residence witivn siaty days after the�aeartlon of � <br /> _���,-- — <br /> . . : " , this Securiry Im�trament and shall conriaue t4 a'�PY��F�Y as Bor�ower's principal.residense for at.least one pe�aRer _ .... <br /> .;Y:;�r '°:,;:;,:''. � the daie of ocsupaacy.anless Lender othez'vuise agrees in writing.which,oansent shall not be�nreasanably wit6held,or unless <br /> i�,ti_: <br /> ='--'-•: _,-_.#.. axtenuating cinvm�tces exist which are beyond Bomnwer's cflntrol. Borrower shal!not destroy. damage'or impair the <br /> ,�',`,,,,�••..�- . .�?� p}operty,allow the Property to deteriorate. or commit waste on the Properry. Borro�irer shall be in defaiilt i£suy forfeiture . <br /> _ •� � �`,'` �n or proc�ding,ahetbet civi7 or criminal,is lsegun that in Lender's good faith judgrna►t ooutd res�ilt in foifeiture of the <br /> - •. ..;. ',�; �rty or'ot6erarise materi�t�y impair the lien created by this Security Instrument or i.ender's sectuity inten�..T�oreower.may <br /> ' �sach a default�and reinstate.as provided in paragraph 18.by causing the action or pmceeding to be dismiss�8�ith a niling <br /> �..;;t,.-,_'"�_L•. • <br /> - ,�;;�c:��4. tt�t, ia lxader's good faith detertninationr precludes forfeiture of tk�Bormwer s interest in the Property or oiher mat�ia! <br /> '�`-�.�,`'._.�: :>t impairment o�'t� lieo cmated by this Se�miry Iastrument or Lendea's security interest. Borrower sha21 also ise in default if <br /> . ti.,ti.:�:.;,H��, � ' • <br /> ;;;.��..�;�;� Borrower,during the loan appiica6on process,gave materiaily false or inuccurate information or statements to Lender(or failed <br /> -,.• ��: ' J� ' to provide Lender wlth any materiai informadon)in oor�ecdon arith the loan evidenced by the Note.iacluding,btrt not limited <br /> ���-��������� � . . <br /> '.:•� ��-i�� ` '" to,representations conceming Borroaer's occupancy of the Property as a prineipai residence.If this 5ewrity Insuument is an a <br /> ri;;;4�"��:� lessehold, Borrower shall oomply with�the provisions of the tease. If Borrower acqaires fee tiile to the Pcoperty„the � <br /> �''l lease�ald aad the fee Nde shall not merge ce�ess Lender agrees to the merger in writing. � .' <br /> -� '�.`';�� T.Prot�tton oY Leader's Rights io ttie Property.If Borrower fails ta perform the covens{nnts and ag�eesnet►ts contained in � <br /> ===�-s�;:���� • <br /> _-::�u..-r-:_—�� ---- ���.:S.-M-*ny;astn±ment>ors�re is a legal gro+�in�e�at may si�ani5cantiy affect_Lende�'s rig6ts in the P�!a�rerty(sach as a _-_-_ _ <br /> - _ , g�ing u�b�ptcy.�?ate. for oondemnatioa or forfeiture of to enforce lawa or regolations),tkei►I�i may do�aad <br /> _- � pay for whaiever is necessary,to protert the vaiue of the Property and Lender's ri�hts in the Property. I.�nder's actiuns may' <br /> __,��� include payin�a:�y sums secured by a li�n which t�as prlority over this Security Instr�men� appearing in wnrt, paying <br /> __�-=���� �ceasonabte attorneys'fees and entering c��e Property to make repairs. Althaugh Lender may tulce actlon ander tlus paragraph <br /> �`"�*��! ?.I,ender does not have to do sa. � <br /> _., :�,_��; ,..• My amounts dts6ursad by Ixnder.under this paragraPh 7 shall become�itional debt of Borrow�r;;�sured b}� this <br /> - -_.-- = Security Instrument.Untess BoiroweC a�d Leader agree to uther teru�s af paymem,these amounrs shall bear i::ferest from We <br /> ----=a�"°"` date of disbursement at the Note�ra;e�ri�shall be payable, with iatv.est, upon notice from [:end�er to B�arower.rei;uesting <br /> ��-,�'� . . ,paymcnt. ' • , , � . ; � , . . . <br /> ���r,r� ��,i • '. $.Mortgage Insasaas�if Lender required mortgage insurance as a oondiuGn�oF inaking the loan seciti�r�by this Se�urity,. <br /> -'`'`�-�-T���•�^ ��`EEcstrument. Borrower shalY� �� the remiums r uired to maintain the mort �i. insurance In effect. If. faz an reason,the <br /> --__�,�r�,�� C"Y P �l �agz. Y <br /> `°;�.:_ <br /> =F;i:;::;',* ; } �artgage insurance cuverage.required by l.ender lapses or ceases to�g in effect,Borcower s6a11 pay the premtums requit�24 to <br /> `-,,;=,�;,-. :�+,•� i �obtain wver.rg�substanHally equivalent tn.t0e�mortgage iasurance��;seviously in effect,ai a cost substamialty equivalent ta tlss <br /> -'�'"�=;��:� : i cast to Borrower of the�Qrtgage insumace previously in effect. fi:,m an alteraate mortgage insurec a}�proved by Lend�:,[f . <br /> __::��:{.::.. <br /> -.:-nr�.,..,'� .. substantially equivalent acart�;:ge,insutance coverage is.aot available,Bor[ower shall pay to Lender each mntuh a sum eq�al to <br /> ��`'-{r••-�.�-:� - a�e-iwelfth of the yearly�Srt;�ge insurance premium being paid by Hormw:r wh:n the insurance cdverage t�sed or ceasc�to _ <br /> � � �'� � 'be in effect.Lender will a payments as a loss reserve in lieu of mort a e insurance. Loss rescrve <br /> _ " ;f _ � cceFi,use aad retain these 8 g , <br /> : '.:,''� � i . . 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