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..,.,::,.,.....T.. . . .,-.�:�,�::;: . : . .. .. p �7f1�:',..+.. .. , ... .. .., ._. . _ - . � ,. - w;' - . -- - _ _ - -- - _ _ _ — - - .._ .._ .. _. . ,_ .��aw�m+. — - {�� S. Hvzard a� P►nperly Insurance. 8arrower shull kcep tho improvements mow existtng or herenRer ercctcd on the Property insuccd agtinst toss by flre. hazards included wtthin the term "extenctod eaverage"and uny other haaarda. including floods or flcxidinpt,for which[.endcr mquires insumncc.'1'his insurunce shall bo mointninod!n the amounte snd for the pertods __ that Lender i+equires. The ir�vuramce carcier providing tho Insurance shall bo ehoaen by Borrower subJect ta I.ender's upprova! which shall not bo unreasonably withheld. if Borrower fuils to muintain covemge describod nbove, 3..ender may.at i.cr�der's option,optain coveragc to protect Lernier's rlghta in tho Pcoperty ln nccordance wlth pnrograph 7. AU IQSUrana nolIcies aad renswals ghnil be ucceatabla ca Lendcr end slwtl iaclu�!e n scandard mortAaBe clau�se. l.ender shatl huvc the rigtt to hotd thc pol[ctes and reaowals. If I.endcr requires.Somnwer shall prumptly give ta Lender�il rcccipts af ` paid premiums and renewul notices.In the evant of loss,Borrower shuU give gmmpt nottee to the inat�rance c�rrIer and Lender. Leader may mnke proof oF losa if not t!�ado pmmpqy by Borrower. Untess Lencier and Borrower otherwise agrce 1n writing.ir�surance procec�da shali be applie�to�storation or repair of the Property damage�.if the restoration or repair is economicatly feasIblo and LeRder's secu�Ity ia nat lasened.If the crstoradon or repair is not esonomicully feasible or Lender's securlty would be lessened,the insuranct prooeads shall be applied to tha sums sa�ured by thia Security Instniment. whether or not then due,wjth eny excess pnid to Bomawer.If Bomower ebandans the Property.or does not enswer within 30 days A notIce frorn l.ender tWat th.e insurance carrier has offemd to setQe a claim. then � Lender may collect tho insurancc proceeds. Lender may use tlicc proccedv to repair or resWre tlie Property or to pay sume stxurad by thls 5scwity Instrument.whetl��r o not We� due.Th•30�day period will begln when the notice is glven. Uniess Lendcr aad Soaower otherwise egree in wr[dng, any appllcu�:on of p�ds to princ�pal shell not eactend or postpone the due date oF the monthiy paymer�ts neferred to in paragraphs I and 2 or change the amount of the paymento. If under parngraph 21 the Pruperty is aoquirod by L.ender,Borrower's right to eny insurance poltcies end proceeds nsulting fcom damage to the Property prlor to the acquisitIon shall pass to Lender to the eztent of the sums secured by thia Sec�rIry Instnunent immediately pdor to the acquisidon. 6.Orcuµtacy.PreservaHon�Ms�t�atenana and Pmtecdon of the Fropertyi Borrower'e Loan Appltcation:Le�seltold9. Borrower Rhali occupy.establ[sh,and nse the Property ac Borrower's prineipal residence wtthin sGcty days after the exeeudon of this Security Instrument and shall conflaue w occupy the Property as Borr�wer's principal residence for at ltast one ycar after the dute of occupancy,uniess Lerder oti�e►�vise agrees in wrfting. which consent shail not be unr�asonabiy witi�eld.or untess � sxteass�s#sg cisrsss�sissx� r�ist �hlrh are l�ey� flor�+owPr's ��nirol. Rorr�we� sh�l! nc�t �!x?�roy, �ta��a�r_. �r im�?�r ehc , Property.ultow the Property.m deteriorate. or oommit weste on the Pmperty. Bomower shull bc in defaWt if anyr forfeltwo acdon or proce�ding. whether civil or crlminel.is b�gua that in I.eader's good faith judgment could nsutt ia forfeiture of the Property►or otperwise materin�ly impair tha lien created by this Security Instnunent or i.ender's securlty iaterest. Borrower may cute auch a default and reinstate,as pmvIded ju paragtaph l8.by causing the adion or proceading to be dismissed with a ruling thut. in Lender'�good faith determinatton. precludes forfeIture of th� Borrower's fnterest in thc Property or other materiel impairment of the Iien creatat by thia Secudty Instrument or Lender's security inurest. Bomnwer shall also be in default if $orrower�daring the loan applicatIon procps.gave masariaily false or�naaurate inforn�ation ox statemsnts to Lender(or failed tc provide Lende;wlth a�ly materiai informatlon)in connaction with the Ioen evIdenced by the Noto,tncluding,but not limited to.nepresentptloils co�certi3Atg Borrower's oaupan�}r of the Property as a pdncipal�esidenoe.If this Securiry Ia�ctnu�sent is on r� leasehold, Borrower shall oomply with all the proWixions of the lease. If Borrowet acquirts t'te tittc to tbe t'ropeny, the - lwsthold uid the fee tide ehAlt not cncrge unless Lender.�tces to ttte merget in writing. 7.Protedton ot E.�nder's Rights in the Pmperty.3f Borrower feils to perFc►rm the covenants end agrxmemts contaitxd,in this Security Ir�strument.or there ts a legal proa�ding that may significandy affect Lender's rights in the Pmperty(such as a pmccoding in bankiuptcy.probate. for oondemnauon or forfeiture or ta enfora lawa or negulado�s)� then Lender may do and pry for whauver ta noxssary to protxt the value of the Pmperty►and Lender's dghts in d�o Pro�txty. Lcnder's actions may include paying any sums secural by a lien which has •pdority over this Seeurity Inatrument. appesrIng In court. paying ceesoneble attorncys'1'e=s and entering on the Property ta make rcpairs. Although L�er�dsr may take actinn under thia pnragraph 7,�,,ender does not have to do so. , Any �rtwunts dlsbursed by I.ender�uxler,thIs paragraph 7 sha11 become additional debt uf Bomowzr secu�c+ad by this Sectuity Iostrumcat. Unless Borrower and I.ander agrce to other tcrais of paymeat,thesa amounts shall bear interest fcom thq . date of dfsbucsement at the Note rate and shall ba payable. wlth interest,upon noHcc from Lender to Borrawer requesting ppyment. 8.MoM=age Ine�rance.If.Lea�der required martgage insurance as a condlrion of making the loan secured'by thls Security Instrument. Hormwer shall pay tha premiums requ�red to m�intain thc mortgage Insurunoe tn e#fxt. If. for any reason. the tmrtp�age insurance coveruge toqulrecl by Lender lapr,es or owses W be in effect.Borrower shall��paY tho ps+emivau requtc+ed to obtain oov�rege substandally equIvalent W the mortgage insurance previously in effect,at a cost substanttally cquivalent to We oost to Borrower of the mortgage Inaurnnce previously in effect. from an altemate mortgage insurer approvod by I.ender. If �ubstantially tquivaient mortgago insuran�coverage ia not available,Borrower ahap pay ta I.ender ea¢h month a sum equal to ot�e-twelfth caf the yearly mortgage'insuranoe premium being patd by Borrower when the insnra�xe ooverage lapsed or cea,4od to be in effect.•�:onder vv�ll acapt.use and miatn these payments as a loss reserve in lIeu of mortgage insnrance. Loss rtsel�ve . Form 3QZ8 9180 Pap�8 ot e •