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<br /> 5. r�� ��p�y l�,�c�e. Borrower shatl keep the imPmvements aaw cxisting or hereafter erected un the �
<br />. . �=rty ins�sr2d aguinst loss by fire.hazards igcluded witt►In ttic term"exter�ded covera�e'and any ot�er ft�.�ds. including �,��,.
<br /> �;,�.-
<br /> �?o�ds ar fleoding.for v�bich Lendcr�iras insuraace.This insuranoe s�ta116e mtintain�in the amounts aad far ths per[ods �,��.'
<br /> that Lendzr mquires.The insurance c�rrier providing the iasurance shall be chosPn hy Borrower subject to L.ender's approval - - "'
<br /> W�u� �J pat b�un�z.3sonaruty �vithh�Id. if Barrov+er E��ils to m�inta3n coverage descri�ed a6ove. l.ender may. at Lender's _ _
<br /> opiion.nbtain ooverage to protect LendES's rights ia t�z Propeny in scoordance with paragrapb 7. - ��.
<br /> Ail insurance policies and renewats shall b�zacnptable to Lender and shtill inclade a staudaed mortgage ciause. Lender ��{
<br /> shall have the right to hold the policies and remwals_ if Lender requir�s.Bomawer shal�PmmPUY give to Lender z!1 r�reipts of �.-ti;-
<br /> :E � paid pr�miums and rertewal aatices.In the everrt of loss.8orrot�e�r s��ll give prompt notice to the insurance carrier and f_etider. --`
<br /> Leader may make proof of ioss if not mz�e Qromp�y�y Baao�tes, ��=�`--`
<br /> � shall be a Ited to nstotaiion ar repair of the �=-t-�__�
<br /> �, Untess Lender and Horro.vee othen�ise as�ze in�vriang. insuranfle proceeds AP� �--
<br /> property damaged.if the restoration or rep�ir is�namica�ly feasible and Lendec s serurity is no4�essened• If ehe restoraaon or �`:_'
<br /> r�pair is nut eooaomicaliy frdsible or l.ender's securitg would be l�ssened,the insurs►nnce pmcee�s shall be applied to che sums _.__
<br /> secured by this Security Instmmrnt.wht�her or not then due.with any exce�s yaid to Borrower. If Borrower af�andons ttte �,__.
<br /> prope�ty, or dues not answer within 30 d�ys a norice from Lender that the insurance carrier has offered to setde a claim.then l�.,,s
<br /> :` Lendr.r may col2est the insurance pmo�s. Lender may nse the pmceeds to repuir or reswre the Property or to pay su�ns .�:.
<br /> s�by ittis Secvriry insu�men�w[�°.xher or nat th�n due.The 3�day period will begin when the notice is given. °°r'
<br /> A
<br /> LTnless Leader und Eoreo�ver otherwise agmr. in writing, airy apglication of proceeds to princip3l shall not extend or �:�y:��
<br /> postpone 1ha d¢e da[e of the aE�ntWY PaYme�s refernd to in paragraphs 1 an12 or change the amount of the pay�nettts. If �;-,�.
<br /> � nnder p�tg��21 th�F[opem�is uoauited t►Y Lender.Bortow�c s right to any insurance poli�cies and proceeds msvliing f�ta �,=�.
<br /> dama$e sa t$e i'ropert}±prior to ths acqvisition shall pass to L.ender w the exceni of the sums sec�red by this Seturity Instrarstc-ui �,,;�J::
<br /> : immediaiel��rior to thp uaquisirion. �-�.
<br />��';,;' 6.OacuPan�y,�ia?�on,N7nintenflnoz aad Protedion of the Pt�e�,.�sratver's E.flan Appllc�tion;I.ease�oFd9.
<br /> �+i;_.
<br /> Bo�mwer si�all aaatPY�establish,atrd..uxe the Pm�erty as Borrower's princigal s�uIecce vrithin sixty days after the execution of �
<br /> aa•t _
<br /> this Serurity Instromeat and sha�l•cantitnce to occupY the Property as Bosrower`s�rinci�r-�1 residence for at least a�e year att�r �:�..�
<br /> the date af accapany, iratss.s Lenc2er othezwise agre�s in writing,which consent st�.atl rat C�us►reasonabiy withheld.or untess
<br /> exteauating tircumste�t��exist which are beyatvl Borrower's ooatrol. Harrowrsr shall not destroy.dama8e or impair the �,.
<br /> praperty, alto�ar th�p.rsjp�,:tty to deterioratz, or corar�it wast�on Ehe ProFemg. �arrower shall be in defaailt if at►y farfeit�u+e -
<br /> Y
<br /> er civ�or rriminal.is begun that in�Lender's gar��ith jud�t could res�ii in forfeiture of the �1:.-
<br /> �ctian or pmoe�ding,wti�th
<br /> Pmp:rly:ar.:t�ztwi*e uiaterialiy impair the lien created by this Seairlty Insu�:4 or Lender's securitY interzst.Borrn�er may �.�::..__
<br /> . Giro a�e�l��d�St�lt a�.�einstate.as provided in paragraph 18,by causing the arazon or prac�✓3flag to foe dismissed vridz s L,�liag
<br /> • tlizt; in�f.ci�3xs�s�a3'.���CC►th determination, Pn�ludes fode'mir of the Bo�sxr�er's interc�t in the Frope�y or other r°,�erial �':;_,
<br /> impaimient of,tb�•Ucfi•!��bY this S..curity Iasuvment ar Lender's seru�l*r S:�'arest:•Harrower shall also be in default if =_-
<br /> i}•"I biorrower,durin8 t1ti8 Gt�:!r�tication pracess,gave materially false or inaccus�ee sv�r�.a�z or staiements to 1x�der(or failed .�:. :,�,_.,_,-:
<br /> to provide,L�der vrith`�r�mt'�afi�'fr,fr�rmation)in connection with the loln e4�'�c�[;��3tc�Note,inciuding,6ut noi T-tnted `:���_
<br /> ����:t-�.
<br /> to,repsa4ai't�ions wncc�t',��.�'�'s occugancy of the Pmperty as a princtpal resideIICe.�.�this SECUrity Instmmem is on a • .
<br /> ,�'�4 leasehot�, Hnrratver��s�l�:�PSy Hitb all the provisions of the lease. If Barrower arynires fee title to the Progerty. t�e _;.'.,:�;_.._.
<br /> . . . �,-„�..
<br /> ,�:, Ieasei�nld and the f�d���f,�t�aU not merge unless Lendcr a�es to the merger i�uir�ting.
<br /> �s � 7.�s;es�ian og.L`�tdx�'�Yt��6b m the Prupe�ty.If Bocrower fails to p��rm the covenants aad agr'.�tsents contaiaed iu •; :'���•
<br />.'. this�u�i�y;±;?nsuument.or there is a lega!procc.*adiag thut may ssgni�candy affeci Len�der's righu ia tho.Pnoperty EauFb;cts a
<br /> i�a�anknrptcy,probate.for oandemnation or forfeit�re or to enforre laws or regulationsg,then t,�der msa�:dto t�si
<br /> . P� � — -
<br /> pay for what3ver is n�ssary w pmie�tha v�tue of the Property aad Lender's dghts in the Prop�rty L.C111S0I'9 IIC�CSC3�S► �Yi__
<br /> include paying ang st�mc secured by a lien which has priority over this See.�rFty insuumem. aPP��B in coart. payinS --
<br /> IIl1S
<br /> ' ; ,.;•.:.. n�asonabie attameys'€oes and entEriag on the Froperty to wake repairs.Alt�iurr�+Lender may take acetan�ivav3er this paragrapb
<br /> 7.Iendtr does nat ttave to do so.• . ,� / . �::
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<br /> - � �' My,amaunts disbmse��iry:Le�der under this parugrapu.'�;shaU b000m.�additioanl�debt of Borrower setaued by this r ,_
<br /> _''.'�''';;' . Securi t y Iasrcument.Unless Borrower and Lender agree to ott�r ti:s:r,�zs of pa;,'icent,these m,�aants sh2.t,'�.,,!.�ear interest frozn ttte `._
<br /> . '. .•. date of disbussem:m¢.•ak..the Note cate and s1�af1 be payal�le.v�i�frts�.t..+��a;n notice f mm L e n de�.�ys,f�o r m w e r r e q u e s t i n 8 �
<br /> .. payruent, .:. : • �
<br /> S.Mortg�e In�ranc�.If Lender required mortga$e insuranoe as a wn�idon of maidng the toan s�a�cued by this Seeuricy _
<br /> � ' Inslrumem. Borrower sha11 PaY ehe premiums reqaired to msuntain the mortgage inswance in effect.If. for any reason. the
<br /> ' mortgage insurance coverage reqaired by Lender lapses or ceases to be in effecx.Borrower shall pay the premiums required to �
<br /> obtain caverage substafltialty equivsilem w the mortgage insurance preVioaslY�s►effect,at a oast snbst���.a�ly equivalent to the _ �' _�
<br /> cost to Borrov�er af•'�3ice��ortgage insuran�pte-�iausly in effect, from an altermte mortgage insorer ap�ved by Le�er.If —,-
<br /> . , subsmntially equie�sl:cnortSag��in.^rr��o�verage is not availabie.Borrower sl�al!pay to l,ender eac�rmonth a sa��qual to �,-:--
<br /> ana-t��a!•fi��of the yc�t:Y mort�3b'r'n�tsrance preauum bemg ptud by Borrawer when the insnranoe ooverage Ispsed ar�attsed to --
<br /> be ia���"s�-a:'.�end�.',;�SJt scc�.pt,�e�d retain thes�payments as a loss reserve in lic� of mort�e u�sUtence. L�s�scm►e
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