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. �o.-v.w�yo�n �.r . . '.ioWasS�.'.•v. . • ;4 ' .� . ��W- .�.�. ,. .A•:� ;� ; . .��'" •. _ _.__. "'.. . . . -� - ... .. _;,n:. .� ' _ -- �:.�:e:�:: — - — �_ �- _..._�_,- - 95�10�4�4 3. Hazwrd or Property Itlsuranoe. Horrower Rhalt keep the impmvements now exisdng ar hereafter erccted nn tho property insurcd against loss by fire.twzards included wlthin the tenn "cxtended coverage" and any other hazarda. includin� 8aoda or tlaoding,for which i.ender roqulres insarunce.'I'his insurance shntl be mnintnincxt in the umounts nnd fur the perlods th�t Lender requiros.The insuranca carrIer pmviding the insuranoe shull be chosen by �ortower subject tu ixnder's uppmval - whlch ahall not be unreasonably wlthheld. If Borrower fuiis to mstintain coverage descrtbod above. Lender may. nt Lcnder's optiqn,obtntn ooverage to p+rotat Lender's right�in the PropeRy!n uccordunce with parogrnph 7. AII insurance polictes airl renewats sh�til be acceptssble to Lender and shali Include a standacd mortgage clause. L.ender o1.e11 L�.�.��f�..iat.��w f..;l.i N...+.lini.v on�1 w!�!��1n rq t a..:±.,rn,�iwp An►snwn�u!►all or��nntiv oiv�t�/wntler all TIYYi1Zf[Q Af paid premiums end renewal not�as.In the event of loss.Bornowu shall give prompt notice to the insurance carrier nnd Lender. Lender may make pmof of loss if not msda promptly by Horrower. Unless Leader and Bonower otheiwise a�ree in w�tting,insurance pmceeds shull be applled to restoration or rcpuir of the Property damaged,if the�+eswration or nepa�r is oconomtcally feastble and Lencler's security ls not lessened.If the reswration or repair is not 000nomicelty feasible or I.ender's security would be lessenod,tho tnsuranoe pmaeds shall be appl3ed w the sums secured by this Socudty Inst�ument, whether or not then due. with uny exass paid to Borrower. If 8ormwer ubandoas the Property. or does aot answer within 30 days a notIce from Lender that the insurance carrier has offerdd to senle a claim.than Lcxtdet may collect !!te i�tsu�anee proceeds. Lender m�y use the pra�e�eda to m.pair or restone the Property or to pay sums securod by this Socurity Iasanment.whether or not then due.'I'he 30-day period will begln when the notice js given. Unless [.ender and Borrower othenviso agrea in writIng, any applicution of pr0000da to princtpat shaiQ not eatend or postpone the due date of the monthly payinents refernd to In paragraphs 1 and 2 or change che amount of the puyments. IP uader paragraph 21 the Property is acquirai by L.ender.Borrowar's dght to su►y insarauce policIes and proceoda nxulting from damage to the Praperty prior to d►e acqulsldon shall pass w I.ender to the eatent of the sums r�ecured by Wis Security Instrutnent immcdiately pdor to the acquisidon. b.Ooatpuncy, Preservatlon,Maintawme and Prot�ctton oi the PropeKy;Bono�er's Losn AppliatHon;Leaseholdg. }3orrower shttli occupy.establtsh,aad use the Property as Borrower's principal resldence whLia sixty days after the exxutlon of this Security�nstrument aad ehaU continue to occupy the Property as Horrower's pr�ncipal residenx for at least one year aRer ttie date of axupancy.unless Lender othecwise agrees in wrIting.which wnsent shall not be unreasonably wIthheld,or unless �ien�ating zisr�te.n!+� pai�t which are heyad Borrower's contml. Rorrower shall not destroy. dama8e or impair the �Property. allow ihe Property w deteriorate. or camtntt waste on the Properiy. Borrower shall be in default if any for�eiture a�xion or proorxding,wherher civil or caiminel�is begun that ia Lender's goad faith Judgment oould[esult In forfeltu�e of the Property or otheiwise mauriatly impair ttie iien created by this Sscurity insuument or Lender's securtty interest.Bomower may cure such a default and relnstate,as providtld in paragraph 18,by cansing the actIon or proceedtng to be dismissed wiW a nittng that, in L.ender's good faith deternaination. precludes forfeiture of the 8orrower's i�terest in iho Property or other materlal ".� ia�lpaim�ent of the lien created by thls Socurity Iastiument or Leader's secxuicy interest. Borrower shall alsa be ia defantt if �orrower.ducing the loan appllc�tion process.gave materlalfy felse or inaxurau infom�ation or statements w Lender(or failad to pmv�de Leader wlth any maurIal infom�atinn)in connection with the loan e�tdenced by the Note.including,but not limited to.repr�centations conoeming Bor�+ower's aecupaney of the Pcoperty as a prineipal residenec.If t�is Seeurity Insuument is on a leasehold. Hnrnowcr shall comptp with ail tha pnov[s[ons of the lease. If BArrnwer soquires fa tida w the Property. the l�old Aad the fee dde shall not merge uNess I.ender agines to the merger in writing. 7.Pe+otedion of IA�nder's Righte in the Peopaty.�f Borrower fails to perfor►n the ooven�ats aad agnam�►ts containai in this Sccurlty Instcurnent. or there is u legal procealing that may stgnific�tly aPFax Lender's rights in the Pcoperty tsnch as a procadi�g in bankrupicy,probate,for condemnation or forfeiture or to eaforce laws or�egnlat€ons),then Lender may do an� '�.pay for whatever is nocessary to protect the value of the Property and L�ender•s righu in the Ptdperty. Lender's acxions may � £t�clude parying any sums secwed by a lien which �ras prior�ty over this Secudty Insuva�t, eppearix�g in,couit, paying • •reasonable Qttomays'foes and ent�ring on the 1'�bp�rty W maloe repairs.Alwiough i.eadrr may taY,o actIon uut�Qer this paragrap6 7.Lender does not 6ave to do sa. �� Ae�y amounts disbursed by I.enc�er unda this paragzaph 7 shall become addit�onal del��:.of Borrower secured bj►�s Secudty Instcumont.Unless Borrower and i.ender agcce to other temis of payment, these nmounts shali beu Interess from tha date of disbursement at the�Noto rate and shall be payable, wlth Intecest. upon norice from Lender w Horrower requesting ' poymsnt. �. , 8.Mortgage L�aurance.If Lsnder requirod mortgage Insurance us a wr►dition of making t4►e loan secuted by this Sacurity Instiumem,Borrower shail pay the prtmiums requind to maintain the mortgage lnsuranoo in effxt. If. for any �+eason. the mortgage insurance coverage required by Lender lapsea or ceases to be in effect.Bomower shall pay the pnmiums requirai w abtain wvere�e substanN�lly equivalent to tke mortgage insurance prevlousty,in effect,mt a oost subsmntially oquivalent ta the cost to Horrower of the mortgage insurance prerionsly ia effect, frore an altetrmte mortgage insurer approved by Lender. If substantially equivalent�nortguge insuranoe coverage is not avallable.Eorrower'shap pay to Lender each month a siup equal W onc-twelfth of the yculy mortgage insurancs premium being patd by Borrower wh�n the insurence coveragt lapsod or c�ttsc�to be in effect.Lender wlll accept,use and retain these payments es a lass reserve in lieu of mortgage insurance. Loss t+�rve �aoza ereo Pp�S ot 8 •