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El� .. . _. • � , .. , � c� � . ... . ...---- _ ,M. . �a.�_ _'..._,,. _ _. .��.��_—_—____� — . �I'N. t-. :s.a+_.v�'_ ___. _ - _.. --' — --R..�.a._�._ - . -- . — _ �__. --- .._. -._ . .�„_._.�,.. _,.,..�.. . ,._...`......._�.._..._�......::.-�..-._...-o.:.��.....w:�a_:_s._.: ._ —._��__....:............__'....""._�.'—"'__� _.— ___._ �'�'�� iq6�� S. Haz�rd or Property Insurancs. Barrawer ahull kcep tho improvements rt�a � isting ar her�:ctter erec on the � Prapcny insured agalnst loss by flro. haxurda includcd wtthin thc term"extended wvc�ugo"nnd amy�ther haxurds. ir►�luding tlooda or Qooding, Pur which l.endec requires lusurunce. This insurnnce shull be mulntained in the nmaunis uttd for thv pedods t6at�.ender rcquires. Tho insumnce cttrrter providinB the insurrmnce shall be cho�n by Horrawer eubject to l.ender's approval which shup not be unrr�anubly withheld. If Barra�wer fulls t�mai�tnin covernge descdbod ubove. Lender may,ut Lender's optlon.obtnin covemge to protcct Lender's dghts in tho Property in ucsordance wjth ps�rngruph 7. Atl insurance policte» nnd renewuts ehutl be acceptable to I.ender ai�d shnll lnelude a stnndurd mortgage cinuse. I.ender sha:i have the ri�ht ta hold tho policIes and renewula.If lxudcr renulres.PJmrawPr e7w11 ommntly aivcs r�I.�r n11 rnRiron�f p�d premtums and renewul nances.ln fhe ev�nt of loss, Bormwer shall give prompt nodoe to the insumnce cwrier und I.ender. Lender muy make proof uf loss if rtot made promptly by Borrower. Unless I.ender and Bormwer otherwlse n�ree in wriUng, insurance praxeds shall be appliod ta restomt�on or repair of the Property damaged,If the restaratton or repair is economtcally feusible and Lender's secadty is not lessened.If the�sstorntion or repair is nat eoonomically fPasible or Lender's securiry wauld be lessened.the insurar�a proceads shall be appliod to the sums secured by this Sec�ty Insuument. whether or not dien due. with eny excess pald to Bamnwer. If Borrower abandons the Ptoperty.or dces not answer wIthin 30 days a notlse from i.ender ttwt the ins�uanx cmrFer has offercd to settle a cleim.thee� L,en�er may w}lect the lnsurance pmcced�. Txnder msty use the pruc�s w repak or restare !he Praperty or to pay sums secured by this 3ccurfty Instrument.whether ar not then due.The 30�day period will begin when the nodce is given. Unless Lender and Borrower atherwise ag�ee in writing, uny applIcation of pznceeds w prinsipal shall not exurM or postpone the due dnte of the monthly payments referred to in parugrnphs 1 and 2 or cAange the umowtt of the pstyments. If under puragmpli 21 the Property is acqutred by I.ender, Borrower's right to any insurc�noe policies and pmceeds resulting frqm damage W the Property prior w tho acquisition shall pass to Lender to the extent of the sums securad by thla Securlty Instniment immediatcly pd�r to the acqulsition. 6. Oavpa�x.y,Pe�servutton,Matntenance and Protedion of the Properly; Borrawer's Loan Appitcation;Iw�sel�olds. Barrower shall occupy.establish.and use the Property as Barrower's principal residencE within sixty days after tho eaecutton of this Sec�rity Instsument aad shall rnntinue to occupy the Pmperty as Borrnwer's prinncIpal resIdence for at least orte year sfter the date of occupancy.untess I.ender otherwise agrees in wriang.which consent shdl not be unreasonably wlthheld.or unless nxrr_.n��ating clr!��m�a�rr� �:alst whtrh +�r? bPyon� Bor�nwer'g mntrc+l. �►urr��!+�r s�14 ttc+! �le�trQy, �u-�g� cu i�r � . Property. allow the Pmperty to deteriorate.or commit wasto on the Property. Horrower shall be in d�fault iP any farfeiture acttaa or procceding, whether clvil or crjminal, Is begun tbat in Lender's good faith judgment ouuld result in forfeittue of tltee Property or otherwisa maurlatly impuir the lien created by this Secur�ty insaument oc Lender's securlty interest.Borrower p�y tut+e suc6 a default and reinstate.as provided ln paragraph 18.by causing Phe action or procetding w be dFamissed with a ruling that.in Lender's gaod faith determinstion. pnecludes forfeiture of the Borrower's iraterest ln the Property or other materlal impairrneat of the lien created by this Security Insuument or Lender's secudty interest. Borrowex shall also be in default if Borrower�during the loan application process.gave materIally felse or Inaccurnu infornmtion or statements to Lender(ar feiled to pmvIde Lender wid�any materiul informaeIon)in connectfon with the loan evidenced by the Note.includIng,but not Umitod W.npresentations concemiag Bomower's oxupancy of the Pmperty ns a prfnclpal nsidence.If this Security InsUument is on a leasehqld. Aorrower shall�comply with all the prnvisions of the lease. If Borrower acquires fee tIde to the Prope�ty. the leasehold and the foe dtle shuU not merge unless Lender agrces to the merger in writIug_ 7.ProtecNon of I�eader's Rtqhts in the Prope�ty.If Borrowex faUa to perform the covenants sud agreementa conteIned in this Secntiry Insirument.or there is a legal proceoding that may significanSly affect Lender's rights In thn Pmptrty (such as a prnaoding in bankruptcy�pmbate, for condemn�don or forfeiture or to enfome lawa or regulatlons),then Lender may do end pay ft�r whatever is aeoessary to protect tha value of the Property ercd Lender's right�ia the PropCrty. Lender's actions m�y include paytng any sums secuned by a lien whIch has pr�orlty over this Securlty 3nsuttmeat, appeating in court� psying �sanable attorneys"tees ar�d entering on the�icoperty to rttaice rr,paics.Althoagh LendCr may take�ation under this paragira� 7,Lender does not liave to do so. My amounts disbucsed by Lender w�der this paragtaph 9 shall beoome addit�oi� debt of Bon+ower socured by this Security Instrunuent. Unless Borrower and Lender agree m other tem�s of payment,th�eso amounts shnll besr intenst from the date of disbursement at We Note rate and shall be payablc. with interest.upon nod,.e fram Ixnder W Borrower t+equesting .. pay�ncnt. : S.Mortgage��ranoe.If Lender c+equir+ed mortgage insutance as a condition of making We toun secured by lhis SecurIty Insuument. Bomower shall pay the pzemiums req�ired to maintain the rtwrtgnge insurance in effoct. Tf.for aay�+eason, the mortgaAe insurance coverage�equirod by Lender lapses or ceases to be In effect, Borrower aha11 pay the premiums required to obtain coverage substantialiy equivalent to ths mortgage insurance previously in effect,at a cost substantiaUy equtvalent to the cost ro Borrower of the mortgage insurance previously in effect. from an alterndte rtiortgago insurer approvod by Lender. If substantially equivnient moKgage insurance coverage ia not avatlable.Borrower shall psy to Lender each month a sum eqaat to one-twelfih of the yrsirly mnrtgage insurance premium being gaid by Bomower whea the insurance wveraga lapsed or cessed to be in effect.Lender will aooept,use and retain these pay�nents as a loss reserve in lie� of mortguge insurance. Loss t�eseive Form 3028 9I80 P�ye 9 ot 8 ��:�. ----_—____---