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<br /> 5. �rd or Pmpe�4y IasLrun�e. Borrawer shail k�p th�improvements rtowr existing ar her�eafter erected Qn the �-_
<br /> property insured agsinst loss by fire, haz�'ds i��uded��ithin the term "extend�d covemge" and ssny oiher ha�uds. inctuding _y: :
<br /> ��� ftca�d�or ftooding,far whlch L,ender req�ires irrsur.umt.This ins�rance shalt be mainr�ined in the amovnts and fo:the periais ---
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<br /> � ' ihat Lender requims. "i`hc insurance c:urizr pra�idin�the ins�ranc�shalE be cnosrn by�r�ower subject to Lenster's approval ___
<br /> '� which shall not be unreasflnably withheld. [�F Bflrto�•er fails to maintain coveru�e describe�a�ove. Lender ma3r,at Lender's __
<br /> oprion,abta�n caverage to pratea Lender's ri�iss in the Property in accordartce with paraarsph 7• _�
<br /> � AII insurance p�licies anc!renewals shall 6e�meptable to Lender and shall include a standard mort�age clause. i,ender _
<br /> �__,
<br /> slsa!!�avc th:right to hold the palisies aud tenewals. If Lender requires. Borrower shall promptly give to I.ender all m.ceipis of �.
<br /> paid premiums aa.d renewal notioes.In the everrt of loss.Borrauer shali�ive prompt notice to the insurance carrier and Lender. _
<br /> � [.ectder may make proof of loss if not made pn�mptl�by Borroever.
<br /> Unlc�I.etsd�r su�gazro�rer o�ketwis�a;r+ee�n writing. insu�aance pmceeds s�ai3 be appfied to restoratian or repair of the �=_-:.:
<br /> . � .� property damaged.if the restoration or repair is econamicaliy feasible and Lender's security is not tessene�l.If the restorntiun or Q,=�,_,:
<br /> repair is not ecoriomicailly feasible or l.ender s sfcurity would be tessened,the iasurance proceeds shall be apQti�d to the sums
<br /> • secured by this Security Instrument. wttether or no4 then due.wizh auy excess paid to Borrower. If Borrower abaadons the --•�--
<br /> ' � ProFerty,or does not answer wittrin 30 days a noHce from Lender d�at the insutar►ce carrier has offered to settle a claim,t6en
<br /> : . Ixnder may collect the i[�surtmce praceeds• Lender may use the proce�s to repair or restore the Property or to pay sums __
<br /> secured by this Security Instrwaen��vhether or not then due.The 30-day period will begin when the notice is given. ��:-s��
<br /> Unless Lender and Borrower otherwise agne in writing, any application of proce�ds to principal shall not eatend ar --
<br /> postfone tine due d3te of the montlily payments referred to in pardgraphs 1 and 2 or change the amaunt of the payments. If �.m.
<br /> � ur�der parzgraph 21 the Property is acquired by Leader.Harrower's right to any insurance policies and proceeds msulting from — _
<br /> damage to the Property prior to the acquDsidon shaU pass to Lender to the extent of the sums secured by this Secnrity Insmiment
<br /> � immediately prior to the acquisia�a. �'
<br /> 6.OCL'Uit8ilCyf PCESE7VflIE011�MAIntP?+�n�8II�P[OLCC�IOD OS�C2 PPOj1�y;Borrower's Loan ApplicatEon,Leaseltutt1s. _
<br /> ` "� •' Bonower shall occupy.establish,attd use the Pr+operty as Borrower's principal residence within sixty days after the exeaatia�af
<br /> .,�•. .: this Security Inso►vment and shall contimse to ocapy the Property as Sorrower's principal residence for at teast one yeas aftc� �;<;
<br /> ' the date of occupancy,unless I.c�er otherarise agrecs in wiiting, w6ich canseut sf�all not 6e unreasonabIy withheId.or unies� �
<br /> •� � extenuapng circamstanc�zs exist•wAicb are beyoad Borcower's control. Borraa•er shall not desuoy. darn�ge or impair th� .
<br /> • Property, allnw the Property to deter3orate,or wmmit waste on the Property. Borrower shall be in dzfauli if any forf�itui� P ��.
<br /> . actim�or procceding, whether civil or criminal. is b�gun that in Lender's good faith judgment could result in forfeiture of t3a: .�
<br /> r�_':.� Property or otherwise materially impair the Gen created by this Security Insuvment or Lender's security ini�esi.BarroweF�Y -m-=
<br /> eure such a defanit and reinstate,as provided in pacagraph 18.by rausing the accion or proce�ding to be dismissed wit�a ruiing
<br /> " � that. ia Lendet's good f��etermmatian,preclarles forfeiture of the Boaower's intezest in the Frope�ty os other materiai
<br /> ' 'r�airment of the lien cr�toc�hy this Security Tnsts.u�ent or Leader's security intetest. Burrowep shati alt��in dzfauh if
<br /> . ' ��smwer.dauing the loan applieation praoess,gave•rr.�erially false or inaccurate infom�ation or stazements tri�.nder(os fai2ed
<br /> ��•�;� t�pmvide Lender with any material infbrm�tion)�n connection with the loan evidenced by ths Note.ine[u3ia�but not W�i*.:d ,
<br /> t7.�...representadons concetning Borrower's oocupaney af the Property as a psincipal residence.If tivs Secaxity tr�.�ament is.+��«a ��
<br /> � ikii�old. �onnwer shali.cRr�ly aith ail the pravf�ns of the lease. If Bor�wer acquires fee dtle.ta.ti��'rap�rr�,:i�lj� "�
<br /> .,� ' �t�-:��td.and the fee tittW d�ti�;sot merge unless Les�d�t a„rees to the merger in�vrFang. • :
<br /> . �.• �7.�tta'�u�n of E�a��'s R,t�tts in fr�e fi'�opr�t�:If Boaower fails to perforn tite covenacts and agceeasents cantai�;� �`
<br /> ,:. ,� this Secarir��:s.�ament,�ot th�re is a Ic�l proceeding that may ss�ificantly affect Lender's n�'�s in the Prol�ert3+ (sucu:ua,a -
<br /> - ,. . proceeding ir:Eanjav�t�y,_ricbate. fat o�siemmrion or forfeiture or to enforce Iaws or regut'�f�.�ns�,chen Lendet may do ai� �,�
<br /> . ' pay for whatevez is neraxevs� tn proteci t6e value of the Properry and Lendet's righu in the Property. lander's actians may
<br /> , include paying any sunr��.s�red by a lien whlch has picority ove; this Security Instrumeni, appeasing in coo�rt. paying
<br /> reasonable ate�meys' fees'�d;�ntering on the Pcoperty to malce repaits. Altdougts F�t_^...der may take actioa under this para�ap�t _
<br /> �`.:
<br /> ' ' 7,Lender.dr���ot have to�o so. _
<br /> � � •� Any a�wnts disbutsed 6y Lender under this paragaph T shnll beeame::r�itional debt of Barrower secured by tRis
<br /> • �uriry InsWment. Unlc-r�f3orrower and Lea@er ag�to o4her tetsns of ps►yarr�i;.y�ese amounts shall beat interest from the
<br /> : d�ate of disburaement ai{(i�>'+Jate rate and shall be pr�:��`::ole. with interest. upar�n��tice from Lender to HarF�wer requestiag -
<br /> • � �Ymcnt. � . .
<br /> • .. � 8.Mo.rtgs�ge Insuraace.If Let:der sequired mnttgage insurance as a conditiorY of snakin��it�laan secured by this SESts�:-j
<br /> ,Iasnvment: iiarrawer shall pay the�raz�iums required to maintain the mastgage insurance trn c�:�ect. If. for arry rcason. the -_-
<br /> '�;:.� •.morc�age insurance covern�required by Lender lagsr>�r censes ta be in effect,Bo�rower s'::si pay the preaniums required to -"°.
<br /> .S'_` . buun coverage substantiirJJ.y��y.�uvalenr to the mortg�e•�i�.surance previousty in effect,at a cost substuntialE��equivalent to the
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<br /> :.�,r�,;�. rost to Bom:cver af the tt•r.rtsage insurance p�reviously in effect. f�om an altemate mortgage insures ap�se;a•�1 by I.Qnder. If
<br /> ''r 4�a�;';' substantialf�1�.u�uivalent fnortgage insw;�n;e c�verage is not avail2l�'e,Bor�ower shall pay to Letdor each mnnth a sum equal•to r' -
<br /> . one-twetft���f ti�e yrarly rhortgage ins�:�:nce pre�nium being�Said by Borrower when the insurance coverage lapsed or ceased to
<br /> , : be in effect. Lender will accep4.use and retain thess paytnents as a loss reserve in lieu of mortgage insur�c:ce. Loss ceserve
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