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<br /> 5. H�rd or �'roperty I�ursrto�. �omower s�ll keep th� imarovemenu now exnsting ar hereaRer erected on tha 'F; .
<br /> property insured a�inst loss by firc, h�aards inctuded within the cerm "eateaded coverage" and any other hazards.iasluditts �Y-
<br /> floods or florsding,for which Len�er requires insiu-ance• This insurance aha11 b:n2a'sntained iss th=at��tnu and fdr the periods !�""�
<br /> that L.endtr rc�quires. The insurance carrier providing the insurance sha11 be chosen by Borrower subject to Lendei s approval �_
<br /> which sMll nat be unreasonably withheld. If Borrower fails ta maintain coverage ctescribed sbuve, lxnd€r may. at I.ender's �;�,_-
<br /> opdon,obtain cuverage to pmtecc Lender's ri�hts in the P�aperty in accordance with paragraph 7• �
<br /> pp inspranoe po{icies and renewals shalt tse acceptable to Lender and shall inciude a standard mortgage clause. Lend.r =_�-
<br /> _ shall ha�e ttte right tv hald the poticies and renewaLs.If I.ender requires.Borroa•er shall protnFtly give to Lend�all teoeipts of �__
<br /> � paid premiwans and ren.tival nodces.ln the event of foss.Borrower s�lt give prompt noti�e to thr insuiante czmer and L.endzr. �e*_�?�
<br /> Lender may make praof of toss if not made promptly by Borrower. ��.�.
<br /> Un�ess l,ender and Borrower otherwise agree in writing.insu�ance proceeds shall be apglied to restorarion or repair of the .___.___.
<br /> praperty damaged,if the testoration or repair is economically feasible and Len�er s security is not i�sened.If the restornrion or ��
<br /> repair is not eoonomically feasibie or Lendes's socurity wonld be lessenad,the insurance praceeds sha116e a►pplied to the sums _
<br /> seaired by this Securiry Inst�uneat. whetiier or not thea due,with any ezcess paid to Bonower. If Borrower abandons the ��_r,_
<br /> properry.or daes not answer within 30 days a naiice from Lender thai the insurance carrier has offered to settle a claitn, thea �-�-�
<br /> I,ete$er may collect the iasuranc�praceeds. Lender may use the proceeds to repair or restore the Property or to pay sums
<br /> seciarod by this Security In.s�ument.whesher or not then due.'fhe 30-day periosi wi11 begin when the notice is given. �-"'
<br /> Unlcss Lender and Borrow�r otherwise a�ee in writing, anY app�ication of pmceeds co principal shall noi extend or
<br /> postpone the due date of the monthly paymeats�f�rred to in P�S�P� 1 and 2 or change the amount of the paymen2s. If _�r __
<br /> undes p3rag�aph 21 the Property is acquired by Lc'�der.Bo:ron•er s right to ar�y insurance poficies and proteeds resolting from
<br /> damage to the Propezty prior w the acquisirion fia33.gass to Lenaer to the extent of the sums sewred by this SecaritY InstNmeat ' '�.: .
<br /> immediately psior to the acquis.tien. � ' ��
<br /> 6,Oocapaney,Preservation,b3uinten�ace�d Proiect�on of t6e Prop�ty:Borrawer's Loan Appliratfon;Leaseholds. ___
<br /> Borrower shall occapy.establis6.and use the Fm�ty as Borrower's pnncipaII residence within sixty days after the eaecution of _
<br /> this Sepuity In..ntument and shall continue w oc�py the Property as Borrower's principal resideuce fur at least one year after
<br /> � tLe dete of occupancy.unless Lender otherwise a.grees in writing, which cansant shall not be unmasonably withheld,or wil�s r...
<br />: • exteuuafing ciYCUmstances exist whic3� are beyond Bo:rowe�s conuol. Barrower shall not destroy, damage or 'sm;?air the ��
<br /> cu
<br /> FroYr�eriy,aflow the Property co deteriorate, or cominit wast�an t6e Progs.°�y.Barrower shall be in defauit if tu�y�:t�re
<br /> „ action or praceeding.wheiher civil or criminal. is begun that in 1.ender's�v.�d faith oudgment cauld tesult in forfeit'�e r�f the �
<br /> Froprrty or oihera+ise materia!!y impair chc lien crated by this SrcuritY Instrument or Lender's security inte�st.Horr�s rr ma�y `• :,.
<br /> �cu
<br /> ctue such a default and reinstate,as pr+�vided in paragrnph 1 S,by causing the adian or procee�ing to be dismussed�vit'�a niling ��-=
<br /> that, in Lender's good fai4h detemdnation. precludes forfeitue�of the Borrower's imerest in th� Fropecty or ath�:r'taterial =___
<br /> •� impainnent of the lien created by this Security Insuument or Lender's security inierest• Borrower shall also be in'uzfanit if
<br />,_;,��:� Borrower,during the loan applicarion pr�cess,gave materially false or ir�a.ccurate infom�ation or statemcnts to Lander(or failod
<br /> =;ra'r.F�� ��a�������y���1 infontntion)in co�earon with the loan evidenoed by the Note.iacluding,but nat limited
<br /> ;� to,representatiotu conceming Borrotrer's occup�cy of the Properry as a principal residence.If this Security Insuument is on a
<br /> : ; Ieasehald. Borcawer shall wmp�y with all the pmvisions of the Lease. If Borrower acquires fee ade w the Prop°..rty, the _ .'•_ ���;:.'�_
<br /> teasehotd aad the fee title s�all not m�rge unless Lender agrezs�4 the merger in�vri6ng. . --.
<br /> ��.:.i 7.Prote�[on o�II en�er's Idtg9i4si in tL�e Prm��9.y.If BoTrower fails to prrform the covenancs and ageemenis oe�c�i:urx4 in • , _ _
<br /> � thls Secvrity Insuument.or there is a legal pre�ing that may si�ificwtly af�ect Lender's rights in the Ptopesty�(��a�.�as:a .
<br /> � e. proceeding in bantwptcy.probate,for cond�nnation or forfeinue or to enforae laws or regulations),then LenQra�rs;i��o and � ,
<br /> 4 pry fuc whatever is necessary to proiect the value of the�roperty asid Lender's righu iQ the Pcoperty. I.endra's ada�r,s maY
<br /> • �� inciude paying any sums secured by a lien whicfi has prcority aver this Secarity Insirumenb aypearing in wurt. paying
<br /> ; reasonxble attorceys'fees and enterin�on th2 Property to make m.paiss-A[though Lender may take actdon under this paragapb _
<br /> ` 7.Lender does not have to do so. ---
<br /> .�:.;;. Amr amounts disbucsed by Lender undes this parag*aph 7 shall baa:��e additional debt of Borro�ver secvred by this
<br /> � ` �Z. Sesu�.ty Instnumznt. Unless Borrower and Lender agree to other temis of g�.ry-ment.these a�nouats shall bear intete5i from the
<br /> . �:.? dnt�,nfs disbuisement at the Note rate and shal! be payablc,�vith interest, npon notice from Lender to Borrower mquesting �.�.
<br /> ..�.`•�}'�i ���8.Mortgage Iasvrance.Yf Lendes requim,�mortgage insuraace as a��didon of making the loan secured by this Secutity
<br /> '.���'� . ' • in�riunent. Borrower shall p�y the }�rc�ciw�>�:.quired to maintain th�mortgage insnrance in effect. Yf. far any reason. the ��
<br />: � 1net�l�2ge insurance coverage requirec�.by l.e►�er layses or o�ases to be in effect.Barrower shall pay the premiums cequired to _�
<br /> . afllsu;a coverage substantialiy equivalent to the mortgage ins�nce previously in effed.at o oost substantially equivatetrt Lo the �_;_.�
<br /> � wst to Barrower of the mortgage insnrsnce previously in effect, from an aitemate mortga�e insurer approved by Leader. 1f �r:�-
<br /> .�,.;'caf�<<. substandalty equivalent mortgage insurance ooverage is rrot availa6te.Bonower shall pay to Lender each month a sum oqual to . __,,;
<br /> .�r;,,.
<br /> , .. af orie-twelfth of thc yeazl y mortgag�inswatue premium being paid by Borrower when th�insu�coverage lapsed or ceased to �
<br /> . ' hr:.fi�effoct.Lender will aooept.use and retain thesc payments as a loss reserve in li�u of mortgage insurance. Loss reserve ___
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