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<br /> t, 5, Hazard ur�o�,.r4� I�vn�, �orrower shall keep the improve�nts notiv existing ar hereafter et�ectetl on the
<br /> . Prop�rty insured against loss by fire,ha�uds incladed within the term'extended wverage" and any other hazazds. inclu8ing °
<br /> floods or floodin�,for which Ixnder requues insurance.'i'his insurance sha11 be maintained in the aJnounts and for the pec�iads
<br /> = slrat Leic��s sequnres.'t'F:r:IL�iLlBL'C� t8il3QI�}iOYt�liio the in�±ca�ce �Il �ch.n�by Boiro�er�}ect to Lende.*'s appro:s!
<br /> which shall not!�unreasonably�viihtteld. Tf Borrower faits to maintain coverage described a�ove,I.ender may, tit Lender's
<br /> � opdon,o6tain coverage w protect i.ender's rights in the Property in arcordance with garagrapSn 7.
<br /> _ A!! insurance policies aad renetirals shall be acceptable ca Lerfder and shall include a stanc�ard mart�a clause. Ler�du
<br /> � s[t�t have the rigiet to hold the policies and renewals. If Len�der requires.Borrower shall proinptly�ive to Lender af!reccip2s of
<br /> � paid prcmiums and mnev�al notices. In thE event af toss.Borrower shali give prompt noti�e to the insurance cxirrier and Lender.
<br /> LQnder�y n�k�pmof of loss il'not tn2�e pmmpdy by Plnrrower. ..
<br /> Ur►less l.ender nnd 8orrower o�erwise a�rec in wdting,insurance praoeeds chall be applied to restoration or rep�i�of the
<br /> � Property damaged,if the restorntion or repair is ecanomicaliy feasi6le und L.endei s securiry is not Icssened.IP the restotatlon or
<br /> repair is not eco�samicatly feasible or Lender's security would be tessened,the insurar.ce prc►ceeds shall be applied w the sums =
<br />.., serured by this Security Instrument.whether or nat then due. with any cacess paid ta B�nrsowcr. if 8orrower abandons ths
<br /> Progerty. or does not answer within 30 days a nadce from I.ender ttiat the insurance rarrier has offered to setde a claim, then
<br />'. Lender may coitect the insurance proceeds. Lcndes may use the proceeds to repair or restore the Frope�ty or to pay sums
<br /> secured by this Sesurity Instnuneat. whethsr or not ihen ctue.The 30*day period will begin�rh�n the notice is given.
<br /> Unless Lender and Borrower oti��wise agree in wriw►g, any application af proreeds to principal shall not extend or
<br /> :,��� postpone the d�ce date of the month�y payments referred to in pazagraphs 1 and 2 or changs the amount of the paymeuts. If
<br /> � �nder paru�tzph 21 the Property is azquired by Lender,Borrower's cight to any insurance golicies and proceeds resu(ting from
<br /> damage to�Progerty prior to the acquisition shatl pass to Lender to the exteat of the.sums secure�i by this Security Instrument
<br /> ��r �mmediately��ia4 to the acquisition.
<br /> ...{ 6.��sy,Pr�servation,l�alatenc+nce antl ProterKc�e u�t�te�ro��v;Borrower's Loan Apgltcatton;Less�h�Ye7s.
<br /> •:."� Borrower shali �establish,and ase the as Borror�c s rinci e�sideace within si da s after the execation of �
<br /> } ��Pf�.. �FenY P P� �3+ Y
<br /> ,`.��} this Secutity Inctn�mmic and shal!cantinue to vcxu�y the Property as Borraw�s�.*rincipal residence for at least or,e year after
<br /> � tfie date of oc�pancy..ru�ess ixnder othernise�S in writing.wh'sch con��not 6e nnreasona�a4y�vithheld,os untess
<br /> '.�� extenuating cirrums�scses exist v+��ch are beyond Borrower's contral. Bora*�n•er shall not destroy. damage or impair the
<br /> 'i' Praperty, a11ow tha[ir+epesty to�..��iorate. or oommit waste an the Progect`. $orrawer s2�all be in defautt if any forfeinue E
<br /> i action ar praeeaiin�. �drether civil or criminal,is begun that�n Lender's gor�faith judg�ra wutd result ur forfeiture of We =
<br /> , �`� Pruperty os oiherwi..��erially impair the lien created by this Security Inspai�at or Lsnder's sec�uiry interest.Bomower may �
<br /> ,.,.,:
<br /> cure sudz a def�ttitsue�i r.�hBtzte,as provided in paragrap5 1S.by causing the�an or praoe�ding to be dismissed with a niling
<br /> ' tiu�t, ia T..��ei s�d�-�'faith detexcnination. pr2tl�des forfeiture of the Bornower's interest in the Froperty or other materlaI
<br /> `,`:�� imp�a€•t�1::�created by this Secarity lnstrumznt or Lender's security interest.Borrower s'aall atso be in d�.�'_i if
<br /> �: � Bonow�.��:::�ciiag tk��oan application process,gave materially false or inaccarate information or statements to Lender�ax��ed
<br /> .. ,:.-.,
<br /> � .s to provide Lender vru:�.3ny material informatianl i:ra oonnection arith the loan evidenced by the Plote.insludIng,but not limitai
<br /> � • to.representations cyt7�erning Borrowzr's aaaspaae,�of the Property as a principal residenoe. If this Secuc�cy Inswment is on a
<br /> " teasehofd, Banower s'�a11 compiy wi�h all the gro�risions of the lease. If Barrower acquires fee dtte to the Property, the
<br />,' . [easchold arcd the fes ri#4e st�al!nat merge uniess Lender agrces to the mcrger in writing. . . �
<br /> �• 9.Proi�ectton a��:n:'nder'rs ltfg�ts in th2 Properiy.If Borrower fails w perform the wvenants and agreemenrs contained in
<br /> �; �his Seairiry Inshumt�[:.or thLre is a legal pro:.�ng that may significantly.affect Lender'S righLs ia the Property(sucb as a
<br /> , j pniceedi�sg in banfctu,�taey,probate, for condecnnation or forfeiture or to en.rarce laws or regnlations),then Lender may do aad
<br /> � pay for whatever is decessary to protect the value of the Arogcrty and Lealer's rights in the Property. Lender's actians may '
<br /> ;-�� i�tade payiag any sums � by a lien which has prie�� over this Security Insfiunent. appearing iA cour¢; �'iug .
<br /> ' .i,; reasonaUte attomeys'fees and eatering on the Property to malce repairs.pii'.*ough I.cnder may take action under tlus��aph =_
<br /> ��z..: ,. 7,�.ender does�t�nar�to do so.
<br /> ,, . Any aa�ur.ts c�i�uraed hy I.ender under�1� paragreph 7 shall be�c•�, additional debt of B�arer securai by this
<br /> ` Securaty Instras�ent.QNess Borrow2r and Lender agree to other terms of paymetrt,these amwnts shall6eas iMerest from thc .
<br /> � ��`v� dau of 8isdarsemeat at the Note rau and shall be payable, with interest,upon norice frxn Lender to Borrower requesting
<br /> payment. •
<br /> � � g.MoiKg,�ge�nce.If Lender required mortgage insuraccce as a cca,�ition of making the loan secured by this Secusiry ' '
<br /> +`' Instrument, BorraK��r.�hall pay the pcemiums mquired W mainmin the�;•�age insuranae 9n effect. If, for tu►y reasnn, t�e .
<br /> .�,, •
<br /> .,. �: mongage insuru:ce coverage reqnired by Lender layses or ceases to be in e?iect,Borrow�i shalt pay ttte premi�tns required to ,
<br /> `: obtain covesage sufrtandalty equivalent to the mortgage intrn,.,�previously in effect,at a cast substantially equivalent to the
<br /> ��� ' cost to Bortowcr of Che mortgag� insuranse previously in e'E�.from an altemate mortgage insurer approved by Lender. If•
<br /> �. # ; sn6stantiafly equivatasa mortgage insurance caverage is noi avauable.Bo�s�«er shall pay to Lender each tnonth a sum equul to �
<br /> one-twelfth of the y�;.�ufi3r mortgage insurance premium being paid b3 Borr�muPC when the insurance ooverage(apsed or ceased ta�
<br /> .�• be in effect.l.ender Ri:i�accept,use and rt�ain these payrctents� v Ivss a���e in lieu of mortgage insurance. Loss m�nre�
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