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<br /> S. t�azar�l or Pt��eaty lasa�tce. Borrower shall keep the impmvemenu nnw existing ar hereafter erected oa the e
<br /> � Pro�rty insured a�ainst loss by fir�, h?zards include� within the term 'extended cavera�e'an�1 any other hazards, including �-
<br /> r t ftaods or ftooding, for��rhict�l.ender requires iusnrance•This insurance�ha11 be maintained i�the arnounts and for the p°.riods �-
<br /> that l.ender requices.The insur.�r.ce Gurier providing the insurance shall be chosen bv Borsower subiect to Lender's anpmval �_
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<br /> which shall not be unneasona6ly withhetd. tf Borrower fails to maintain coverage describrd above. Lender ma3r, at L.ender s �-,-
<br /> � opiuon,obtain coverage to prot�L.�n�dei s rights in the Prvperry in aecordance with paragraph 7.
<br /> All insurance p�olicees and renewals shall be acceptable to Lender and shall inslude a standard mortgage clause. Lendes �`
<br /> shall have the right to hold the policies and rencwals. If Lender requires.Borrower shall prornptiy give to Lender all�eceipts of �__
<br /> paid pmmiums and mnewal notices.In the�vent of loss,Sorrotver sha11 give prompt norice to tt�ins�erance carrier and Leicd•.r. r_
<br />��' Lender may malce proof of loss if not mzde prampdy by Bormwer. _
<br /> Unless Lender and Borrawer oiherwise agree in writing.insurance pracexds shall bs appiied to restoration or repair of the
<br /> � • Properry dam�ed,if the restoration or repair is economicaliy feasible and i.�ndea's securit}r is not lessened. If th=restorataon or �
<br /> , repair is nai economically feasible or Lender's security wauld be lesse�ed, the insuiactce proce�ds stiall b�applied to ths� �-
<br /> • secured by this Security Instrument, whethe:or aot then due, with any excess paid to Borrower. If Borrower aban�dons ths
<br /> Propecty,ar does ant ansa+er within 30 days a notice feom Lxnder that the insu:anse carrier has offered to settle a ctaim,then
<br /> Lender may collect the insurance proceeds. Lender may use the proceeds to repair or n�stam the Property or to pay sums
<br /> se�a►red by this Security Instrument.whether or not then dae.The 30-day period wiU begin tvhen the notioe is given. _
<br /> �f•' Uttless L,ender an� Borrower othenvise agree in writing, any application of praceeds to principa� shall noi exteud or
<br /> postpoa�the due date oi the mont4ly payments referred to in paragrapfls 1 and 2 or change the amount of the payments. If
<br /> . under paragra�h 21 the Property is arx�uired hy I.end�er,Bnrrowet's right to any iasuranoe policies snd proceeds resulting from
<br /> ,-".,;', damage to the Property prior tn the acquisition 3�ssll�sass w Lendes to the ext�ur esf t6e sums�red try this Security tnsttumeat =_-
<br /> immedIately prior to the acquisition.
<br /> ' 6.U`atn�ancy,�reservatian,g�sn�.ac��n�9 I'ta4�aa cr�We Property;Borruccc�r'�Ti.vaa Agplisatlom;H.casehoids.
<br /> .. Borrower shall occupy.establish,and use the Ftr3�r}as B���cr�er's principal resideace wi'urin sixty davs after the execu�on of �-
<br /> this Securiry Instru�.ent and shall continue to aaar�g�t;�:�seperty as Bor►ower's principal msidenoe fur.afc t�t une year after
<br /> • • the date of occarpancy,iuiless Leader otherwi�e i�,,.�.:a��-zt'sng,wluch consent sdall nat be unreasa�ib7�*wi��=t'�d,ar uaiess
<br /> �, extenuating circumstances exist w�ic4� are he�,��?;B�cr�c�r s wntrol. Borrower shall aot destroy, damage er.:rnt�pair the �
<br /> � Froperty. allow the Property to deteriorate, or va�t��?e�m the Praperry. Borrower shall be in default if�r��mrfeiture
<br /> astion or proceeding,wherhea�civil or criminal, is ib�un that in L,ender's�aa�faith judgmeat could result u►forfeiture of the =
<br /> '. ' Pmpeny or athecwise materitilly impair the lieu c�ted by this Secarity Inst�m:a�t ar Lender s s�urity interest. Baaower may -..
<br /> . `2 cure such a default and reinstate.as provided in paragraph 18,by causing the action or praceeding to be dis�issed with a raling
<br /> . that, ia Lender's gc�od faieh��R^n+�arion. precludes forfeiture of the Borrower's irr.�.r�in the Property or other material
<br /> • impairment of the lien creates!hy t�s Security Instrument or Lensier's sesairity inte��st ffiorrower shall also be in default if
<br /> Horrawer,during the loan s�plict�.�:;�process,gave mate.7ally false or*►,�rM�+�te infomuion or siatem�ots w Lender(or failed
<br /> � to protizde Lender witie:�y maierial infom�aflor,)i3 connection with dce I�:�evidenced by the Nate.frtdt�ding,but not limited
<br /> � to,r�scntations a��ning Borrower's occup�ne,�of the Property as a p�a�al reside�ee.If this� •::� Instrument is on a -
<br /> teasehaid.. Berroa•e•r s"naU wmply with all the pr�r,-��_;�.�:�� lease. If Borrotiver�cquires fee title to the Property, the
<br /> IeasehotrL�d the fee dtle shall noi merge unless I�n�:t�.��C�the merger in wrlHng.
<br /> 7.Pt+otedton of Lende�s Rlshta tq t�te Properly.ti Borro�ver fails to perform the wva�►t�and�menu cuntained in
<br /> this Security Instrument, or thero is a leg,al proceeding that may significantly uffcr:e Lea3gt's rigi�ts ia c��.�coperty(such as a
<br /> . proceeding in bankruptcy.probate,for condemaation or forfeiture or to enforoe law�nr regul�.ioas���r.I.ender may do and •
<br /> � pay for whatever i�necessary to protect the valae of the Ptopgzty and ixnder's ri�trt�tyz:�.'t�Ptnpei'-�y. L.ender's actians may
<br /> � �neluGe paying any sums secured b� a lien which has prinrirr over this Ser�rity Inft�mem, appearing in eaurt. paying
<br /> . reasonable aitorneys'fe�s and entering on the Property to m2ke repzlrs.Although I.ender may take act�da under ttus para�rapD
<br /> � �,Lender does rtot have to do so.
<br /> My amwnis disbu�ed by Lender ur�es,this paragraph 7 shall become addit�onal debt of Bomrlwer secured by this
<br /> Securiry Instcument.UNess Borrocver an�i.snder agree ta ether terms of payment.these amaunts shall bear inte�est fram dze
<br /> � d;.!o of disbursement at the Na�•aats snd shall be paya6I�s,rkith interest, apon notice from Lender to Borrower requesting _
<br /> PZY�'l« .
<br /> • • 8.Mortgage Iasarnnce.I$Q.ender required mortgage insurnnce as a c�,�dition of malting the toan sec�ared try this Security .
<br /> . Instrument.Bor,�uwer shsill pay the premiums reqaired to maintain the m���age insutaace in effect. If. for any reason. the
<br /> . . mortgage.insurance coverage ra;r.;::c�.by Lender lapses or ceases to be in effect,Borrower shall pay the premiums reqnired to ,
<br /> o6Win coverage substantially eqt�:��:tZent to the mortga�c insurance previousiy in effect,at a cost sabstanttally equivalent to the ;
<br /> eost to Bonow�t of the mortgugtg��ssumnce previously in effeci.from an �ltemate mo:ct�age insurer approved by LaHler. lf
<br /> su6ssantia]Iy eyvivalent mortgage insurance wverage is not available.Borrower shall pay to Lender each umnth a sum cqual to
<br /> one-twelfth of the pcn��iy murtgage insurance premium being paid by Borr��at when the insurance coverage Lapsed or oeas�d to �—
<br /> � he In effesct.Len�r�a�i�;accept,use an0 retain these payments as a loss r�,..rdeve in lien of mortgage insuianoe. Luss reserve
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