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. . _ .t:::tin,, +��rv�wrqn i::tl;��.:..� .R . ... . �t. _ . :�.��_�}�� •..-k�i-..M::.)..._. •��a•:ll�i�. •. ��'1 'S�...1 . . '.�. , �.�.�.- - ..- •- .. -.�... . .. - 5��'w'u�._'_' _ ' _ _......�_.�._ .�- ._ ..- .,._.. ..... _. ...,.... . . 1�t�ea�'Reio��on�'thc g. Hazard or Property Iasurance. Horcower shull keep the improvements now exisdng o Proyerty Insured against losa by fire. hazarda included within the temi "extcnded coverage"and eny other hautrds,includiag . floods or floadin�,for which Lender requires insurance. This insurance shali be matntained in the amounts and for the per�ods d�at Lerxler rcquires. TBe insurunce cnrrler providlt�the inst�rnnce shall he chosen by Bonower eu�ject to Lender's appmvttl . which ahaU aot be unreasonably withheld. If Borrower faits to mainwin coverage described a[�ove, Lender may. at I.ender's pption,abtain coverage to protect Le�►der's dghta in t6e Property in accordunce wtth para�raph 7. All insurance policies and redewals ahail be aoceptable w Lender aad shall iaclude a stax�derd mortgege clause. Lender ahall have the dght to hold the policies and renewals.lf i.ecuier reqaires.Bomowar shall promptly give to Lender ail receipts of patd premtums an�renewai nu�i�.in uto uvci�i vi Sv.;o,.°..'.:.:.�:�::"t�"i"..^mmw tv�tira.r�the insur�nre cattier'and LendeT. 'b"�C._...�. Lender mey matce proof of lass if not made prompdy by Borrower. Unless Lender and Horrower otherwise agree in wrlting,insurance procceds shall be epplied to restotadon or repair of the pcpperty damaged,if the reswration or repair is eoonomtcally feasible and Lender's security is nat lesseaed.If the resWration or repair is rtat economically feasible or L.endBr's secu�ity woWd be lessened,the insurance prmceeds Rhall be applied to the sums secured by tuls Security InsttumenY. whether or noc then due, with siny exoess puid to Borrower. if Borrower abandons the Property. or does not answer within 30 days a notice from Lender that the inaurance carrier has offercd to settle n cluim. then Lender may collect the inswarece proceals. i.ender may use the pnxeeds to rcpulr or restore the Property or to pay sums aeEU�+ed by thia Saurity Insttument.whether or not then due.Tho 30-day perlud wilt bcgfn when the nodce is givca. Uhless Lender and Borrower otherwtce agree in writing.nny application of proceeda to princtpal shall not extend or postpone the duo ds�te of the monthly payments rofe►.rod to in paragrapha 1 nnd 2 or change the arnount of tho payments.If under paragcaph 21 the Property is acquiral by Lender. Horrower's r�ght to any insureace polictes and proc�eds re�ulting from damegc ta the I'mperty pdor to the acquiattion shnll pasa W Lender to the extent of the sums secure�by this Socurity Instc�ment imme�istely piior to the aaquistdon. 6.pocupancy,Pt+cservAHon�Matntetwnce and Protectton of the P�+operty;Borrower's Lan Appllcationi Leaseholds. Borrawer shali axupy.establish.actd use the Property as Borrower's principal residence witl�in aixty�deys after the executton of this SecurIty Instrument and shall c�ndnue w occupy tha Property as Horrower's principal residence for at least one year after the dato of occupancy. unlesa I:ender otherwlse agrees in wcidng, which consent shel!not be unreasonnbly witWneld,or uuless extenuating circwnstences ezist whlch are beyond Borrower's control. Borrower sfiall not destr+ny. ds�nage or impair the prop�nY. aiiow the Property to deierivrate�ur cx�wu,�li wnsie on fiche Frape�. Borrav,�r shal2 1� iss d�s�sls 3f�ssy fsrf'�lsurr - aedon or procxeiling,wheWer ctvll or crlminel, la begun that in I.�uder's good falth judgcnent cwuld result in forfeiture of tha Property ot athenvisz materiaUy tmpair the lien creatad by this Seciarlty Instniment or Lender's saurity interest.Bo�rawCS aaay cure such a�dofault and rei�staee.os Provided in paragraph 18.by cs�bsing the acdon or proaYd3ngto be dismissod wIth&iuling that, in L.ender's good faith determination, precludes forfelturc of the Bormwer's interest ia the Property or other�natedal impuim�ent of the lien crcated by this SeWdty Instwnent or Lender's securtty iaterest. Borrower ahall atso be in defaWt if Borrower,during the laan upplicatIon pmcess.gave matc�ialiy false or Inaccurate information ar statcments to Lender(or faUed � � to pnovide I.endor with any materIal iaformat�on)in connection with the loan evidenced by the•Note.including,but aot Iimited to,representetioas concexning Borrower's occupancy of the I'roperty as a principal resldene.e.If this Securtty Iasuuaient ia on a leatehold, �oaower shail comply with all the prnvtaions oF the lease. If Horcower acquires fee dtle to the Prop�etcy�the leasehold and the fee title shall not merge unless I.ender agt�es to tha merger in•wrlNng. 7.�'rdtectton of Lender's Rlghta iu tde Property.If Borrower fails to perforai the covenants end agraments oont�incd i.n this 5ccurlty lnstniment, or thero ls a leg�l proceoding that may sigaif#cantly affect Lender's dghts In the I'roperty(suoh a�s a p�coeJing In bankruptcy.probate, for condemnation or forfeiture or to enforc$laws or reguladoas),then I:ender may t�o�eri�d gey for vuhatever is n�cessary to protect the value of tha Property and L.ender's rights in the Property. Lender's aMions may ' include paying eny sums secured by a lien which has prloriry over this Security Iristrumem, appearing in court� paying reasonablo uttameys'fus end enut3ag oa the Property to make iepaiTS.Although Lender mAy takc action under this par�(gr�b 7.Lender does not�ave to do so. . Any auiounts dlsbutstd by Lender under this paragruph 7 shall become addittonal debt of Borrower s�xured bq thie ' Socuriry Instrument.Unless lbrrower and Leader�gree to other ter�us of payment.these emounts shaU bear iuterest from tt�e date of disbuTSeraent at the N'otc r.►te and shall be payable. wtth intemst, upoa nodce from Lender to Borrower requesting ' paymcnt. 8.Mottgage Insurance.If I.ender required mortgage insumnce as a condition of making the loan secuned by thie 5ecwity Inshument. Borrower shall pay the prerntums requtred to maintain the mortgage insurnnce in effect. If, for any reawn,the mortgage insurnnc�coverage requirad by Lender lapses or ceases to be in effect.Bflnower shaU pay the premiums required to obtaia c4verage substantially equivalent to�he mort�ge insurance prwiously in effect.at a sost eubstandally equivalenc to the cost to�3arrower of the mortgage [naurance pnwiously in effect, from an alternate mortgage insunr approve� by L,eiuler. If substandully eyuivalent martgaga insuranoe coverage is not available.Bomower shall pay to Lender each month a sur.n egna!to one-twelfth of the ycarly mortgage insurenoe premium being paid by Bonnwer when the iasarance coverage tapsed or ceased to be in effect.i.ender wifl accept.use and retain tt►ese payments as a loss reserve in lieu of mortgage insurance. Loss reserve w�soss ereo Ppe3of 8