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<br /> 5.6dnr�pd or P-roR�rty insi�p�nce. Horrotvcr shall kcep thc improvcmcn�s now exisdna an c�rcaftcP crestcd on the Propc�ty
<br /> insured against loss by fi�e, hAZnrds inciuded within the term °extencied covera.�e" nnd nny other h�u��eds, incl�iding iloods or
<br /> • � Rooding,for which Lender reqaires insuronce.This ins�ucu►ca sha�l be maintained in the nmounts und for thc period9 thAt Lender
<br /> . r�r,qu'ues.'it►�insnrnnce cturier providing th�ins�uanca ehall be chosen by IIonower sub,tect to Lender's opprovul which shull not ,
<br /> bc unrcasonably withheld. If E3arrowcr fails to maintufn covcrugo dcscribcd ubovc, Lcndcr may, At Lcndcr's op�ion,ob¢nin
<br /> coverago ta protect Lender's rights in Uio Property in uccordanca wilh paragreph?.
<br /> All insvrtlnce policfcs end renewc�ls sh�ll be c�ccEpts�ble to Lend,er nnd shall lnclude u stanndnrd mortgr�a clause.Lender shall
<br /> have the right to hold the poUcies and renewals. if Lender requires,Borrower shall prompdy give to i.ender all roceipts of paid
<br /> � paemiums and renewal notIces.In the event of loss,Borrower shall give prompt notice to the insuraz�ce curri�er and I.ender.Lender
<br /> '���;��,. may mi�kc proof of loss if not mado prompdy by Borrower. .
<br /> , .,,. ..•n�� UnYcss I.ender and Hotrower othcrwise sgree in writing, insurajice procceda shall bc applied to restort�tion or rcpair of t�e
<br /> Pcoperty darnaged,if the restoration or repair is economically feasible and Lender's secur[ry is not lessened.If 1he restoration or
<br /> rep2ir is nat economically fcasible or Lender's security wauld be lessened,the insurance proceeds shall be appliT,d to the sums
<br /> secured by this Security Insirument, whethcr or not then due, wlth any eace,s paId to Dnrmwer. If Borrower abandons the .
<br /> Property,or does not a�swer within 30 days a nodce from I.ender tbat the insurance carrier has offesed to settle a claim, than 1.:�
<br /> Lender may collect the insurartce proceed.9.Lender may usa ths procoeds to repair or restore the Properiy or to pay sums secure�
<br /> by this Security Insmunent,whethcr or not thcn due.The 30-day period will begin when the notice,is given. • w
<br /> , Unless Lender and Borrower otherwise agree in writing,eny appllcation of pmcix�ls to princfpal shall not eatend or postpone '�-
<br /> Y PaYme��ts referred w in z �:•�`_
<br /> the due daus of the monQil p.ragraplis 1 Eu►d 2 or change the amount of the payments.If under Faragrnph �_:.,
<br /> 21 t�e Frupe�ty is ac.�ui�ed by 1LEnd:.,,BanoFre;'s a�ht to any insurancc polici:;s and pror,e:�ds resulting from dam�ge to the "`=-`=
<br /> °`' Propc�y p�iar to the arquisidan sLti1�1 p�to I.�s�irr to the extent of the swms secured by this Security Instrument immcdiatety �`�,
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<br /> ,;,:��;' pdor to Hte�c�uisltic��. `
<br /> '�;'•'• " 6.Occapancy,�szrvaiion,A1�1n4en�nce e�mr1�rotection of the Property; Dorrower's Loan Appi'rwzaaoa;L�aseholds. �;�,,J'
<br /> ' . • Borrower shall occup3�,establish.and use the Pmpz,rty as Bolrowu's grincipal resfider�ce within sixty days a..fter ihe ex�ud�n af -`
<br /> � � this Security tnswment gnd shall r.�r�linue to occupy the Property us Borrower's principal residence for at leasi one year after the �,� '=
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<br /> :::�, . dete of occupancy, unless Lena�r otherwLse agrces in wdting, which conseM shall not be unrwsonably wlthhald, or unless �-
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<br /> ��.-� . eatenuating circumstances ea�ist which s�re beyond Borrower s contml.Boarower shall not de�troy.damage or impair th�Fc�.��ity.
<br /> . '� allow tha Property w dztr.riorate,or wmmit wttste on the I'coperty. Borrower shall be in default ff any tbrfeiture ea'�a� or �_''
<br /> � pmceedIng,wherher civi]or crFminel,is begun 4"sflt in Lendei's good faith,judgment could result in forfeibsse of tho Properry or �
<br /> . ., otherwise materinlly impair the Hen created by this Security Iasmimens or Lender's security interest Sorrowcr may cura such a �.
<br /> �_ � to A• on,�t •w1�M I..o t!n t in
<br /> :,, ;;.,.; .,of«�tt�,u,��. :u�'�rt:,3 in �^,gr�h ..,,by�;:sissg��.:,xoa�s�ir.D tz L�.o;�snis..,,.�.�: ::si..�,�.,
<br /> ,;:�: '• L.eader's�ood faith dUeimination.Pc�ec�urles forfeittue of the Borrawer's interest in the Properey�r other mal;,ria1 impaimn�nt of —
<br /> ' � the lien cre�ted by th,s Securiry Instrument or Lr,rd�'s security int�.es�Barrower shall also ba im d..fault if�oTrower,during che
<br /> ., ' ;, f y loan applicatkn prooess,gave materfally faLte or inac�urate Wormaiion or statementz to Lender(ar faikci to provide Lender with
<br />-=.J';��ti;V'r: eny materlal int'urrs�a8on) in cannecdon with the lann ovt�enced by the Note, inclurling. hut not ItmiWd w, representations
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<br /> .. ., , � .� concemir.g Bnno�ver's occupancy of¢he Pmperty as a principal resid�ence.If this Sec�uity Y�ashr�ment is on a ieaschold, Borrower
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<br /> -���?'�•�?' '� shall compiy with al�l tha provisIons a��he lease.If Bomawer acquIres fee t[tle co tho T�rnpMty,¢.'�e leasehold and the fee at{e shall
<br /> :•:�;�-�;<,_�'� not mcrgc unkss Lrnc�r�rees to the merger in writing.
<br /> -`-__" "��u�� 7.Protectioe o�Y,entirr's Rfghts fn the Propeo�. If IIomower fails w perform the cavenants snd ageements cont�ed in
<br /> `�'�==�-� thls Socurity Instrument,or thera is a 1e8�Pi'�8 that mny significandy affect Ler�der's rights in the ProDc7ty (such as a
<br /> "�=""'�� procooding in bentm1ptcy.prabate,for conc�eannation ar forfeiwre or to enforce Iaws or reguladons),ther�I.cndet may do and pay
<br /> M-`�� fa whateva is necessary to protect the va]ue of the Prope�ty and Lender's rf�hts in the Property.Lender's ections maN include
<br /> ---,�•�� pay�ng any sums socured by a llen wtdch has prindty over this Security Instrument, appearing in caurt, paying rcasotaable
<br /> �'� ""="'"� auorntys' fces and enuring on the Pcoperty to make rcpairs.Although Lender may takc ecdon undler this paragraph 7,Lender
<br /> _ _-- does not havo to do so.
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