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<br /> .;:1 �. �wl or proge�qy g�rence. Borrower shall keep the improvem�nts now existin�ar hereafter er�ted on thc �-y-`
<br /> �r��=
<br />.�� praperty insured ggainst toss by fire. Mazards inctuded wichin the term "extended oovern�e° and azsy other har�rds, inciu+�ing '°'°' _
<br />'. floads or floadiacg,for which I.ender r�quires insurance. '[l�.is insurance shail be m3iniained'+�u`te e��utuzts�faf ihe Fe�c�
<br /> that Lender requirzs.The insurince rarrier providing the insurance sha11 be chosen by Borrower subject to I.ender's appmval ��_
<br /> whict� sl�all not be unreasonably withheld. If Borrower fails to maintain ooverage described above. Leader may. at Leicder s
<br />- uption.al�tain cuverage to pretzct Leuder's rights in the Property in accordance�nth paragraPh 7. ���'y
<br /> �' All insurance policies and renewals s�aall be acceptable to [.ender and snall include a standard mortgage clanse. i�nder �_
<br /> �,:._,
<br /> sl�all have the right to hold the policies and renewals.If Lender requires.Borroveer shall prompdy give to L.euder all receipts of �.,:�,�.
<br /> ��� paid gremiums aisd rei�vat a�ticw.Ir.:he e�r..°t of 4^s,�rr^w?r ehall rive orompt notice to the insucancs carrier and Let�er. �:'`•�
<br /> Lender may ma�ce proof of loss if not made p�+ampity by Eorro��er. �•:_-
<br /> ��� Unless Lxnder and Hartower otP�erwise agtFx in writing,insurance proceeds sha116e appiied to restoration or repair of the �''.,`.
<br /> groperty damaged,if the restomtian or repair is economically feasible and Lender s ses�ariry is not l�sened. If the sestoration or �^�
<br /> repair is not economically feasible ur Lender's security would be lessenrd,the insuranoe praaeeds shall be applied to the sums __-_
<br /> s�by this Security Instrumeat. �vfiet�'or not then due, with any excess paid co Sarcow:r. If Eorrower abandons ttie �,�,
<br /> Pro�erty, ar does not answer within 30��a Loiice from Lender that the insuranca.:c�^_ier ha.s���red to settle a claim, theai �___—�
<br /> L.eader�my collecc the insuranoe�rao�is. �.�ts3er may c�se the proceeds to repa'c.�a�r�.'�nz�� I�ropercy er w pay sums �
<br /> ' s3�'.�d hy this Secvrity Instructeat,a'����->>e 3at ti'.eu�w:The 30-day gsriad n+ill beg*.��a;.��.ahr�:�t»is�i�cr-i,_ IE°r�f,
<br />, � �<�-:_
<br /> 4al�s I.cuder assd Born��•?r c;�sr�r:s�Y3ree in writing. any a�,�ieca�on Qf proa�:s rs�-�.�,� sf:w� ��:extend or {�t���=
<br /> �� P�B�r� "�$e =
<br /> ����.��i::.sfate oi the arv�thly �z��eve�referred to in hs i and 2 ._ t[�e��unt of c::�laYmenss•aa �
<br /> sa
<br /> -_-- u.n�er�.a:.�,-�—.�:a;,��t�e Prag�rcy is asquiraz by Lender. Haaower's right ta any i��urance policies and prar.trds�essilting fnom `.._.._
<br /> .•,�;�; damage ta ri:a��t}+prior to the ar.quisition shall pass w Lender to the extent of the sums sec,vred by this Security Instrament
<br />°;��� �at�ly prtar co the acquisition
<br />:., � 6.OcwPanc9�Preservatton,Maintenaace and Protection of the i�operty:BorroRre�'s Loan E►pplitatton;Leasehol�s. _Y
<br /> Boaawer st�all a�upy.establish.and use the Property as Borrower's principal residence within siaty days after the execution of
<br /> ';�� this Security Instrument and shall cominue to ocxupy the Property as Borrower's principa!residence for at teast one year after �
<br /> ": � the date of occupancy, un1e�Lender otharv�+ise agees in writing.which wnsent shall not be unreasonably ��ithheld.or unless _-_
<br /> extenuating circumstances exist which are 6eyond Borrower's contro9. Borrower shall not destroy. dam.�ge or impair the �
<br /> �f Property. allow the Property to d�edorate. or commit waste on the Froperty. Bonower shail be in defnult if nny fort'eiture ��
<br /> '' aciian o�proceeding,whether civil or criminal,is begun that in l.ender's good faith judgment co�id result in forfeiture of the �--�=r
<br /> ' Propetty or othenvise materially impair the lien created by this Securiry Inswment or Lender's security intenst. Borrower may �
<br /> �' � cure auch a default and reinstate.as pmvided in Qamgraph 18,by causing the action or ptoeesdiag to be dismiased with u ruling
<br /> ..
<br /> s that. 6n Lender's good faith determination. prectudes forfeiture of the�ormwer's iAterest in the Prop�rty or other tnaterial � ��
<br /> .� � impaiament of the lien created by tivs Security Insttument ot Lender's security interest. Borrower sh311 also be in default if
<br />:;;:C Borrower,durin�the loan application pmaess.gave materially false or inaccumte information or staternents to I.ender(or failed
<br /> _ ', to provide Lentler with any tnateria!infanna+aon)in connecqon with the loan evidenced by the Note.inctuding.but not limited
<br /> or-..
<br /> to,represeatarions copo�ming Botrower's ac.cupuncy of the Property as a principal residence.If this Security Instrument is an a
<br /> ' � leasel�old. Borrower sh�tl•camply with all the pmvisions of the lease. If Borrocver acquires fee title to the Property, tiu
<br /> .,,� teas�old a�3 d:e fee tifla shall not merga unlws Leader agrees to the merger in writing.
<br /> .:•� 7.PtII2e�ia�of t.eader's Yi��in Y�n Pr�perty.If Borrower fails to perform the covenants and agreements conUuned in
<br /> •. �� ti�is Securir,��InstrumenA•or theT¢is a tega� proceeding that may significantly affect Leader's r�ghts in the Fraperty(such es�
<br /> �;: proceedina in bankruptcy,pt�bate,far ooademtmtion ar forfeiture or to enforce laws or regulations}�then Lender may�'o anc� ---
<br /> :,_�.� pay for wF�.tever is ne�essuy to prot�t xhe value of s3�.e�reFerty zi►d i.ender's rights in the Property. L,ender's aaroas ma3� `;;;
<br /> s� n in coan, Pa3�° �:,:
<br />.-<i;;i?: include �Sa�ie� an}c sums secured by a 3irn which �Fri.arity ncer this Security Insuvment, appeari g _
<br /> ;°:�'"�. reasonable a��e}rs'fees and entering c�td�Froperty to m:[�.s c�ai,*s.Althwgh I.ender may tn�adion ander this paragru�� _
<br /> r;;:,��� 7,Lender�nea�isot have w do so. • , ' _
<br /> ;,:�.; Any amoants disbursed by Lender under this irc�;u�ph 'i shall become additianal debt�f:,Borrower secured by dus
<br /> :s;°'+ . Secudty Inso�um�nt.Unless Borrower and Lender a�Ze:.�other terrce�of payment.ehese amowu5 shall bas interest from the --
<br /> .,,,,.�s �,
<br />-;�?��;}, date of disbn�.ment at the Note rare ansf sha11 be paya�, with intemst. upon notice fcom l�sder to Bormwer requesun�
<br /> :;,;��;";� paymem. . :
<br /> ; t S.1Vlortgage In.,curmace.If l�cr�c-�n��uired mortgage insurance as a wndition of maIang tls:�:oan secured by this Security
<br /> �_ Insuurnent.Borrower sltall•��.5' dte�rn�:utns required to maintain the mortgag�insurnnce in effect. If. for any�+e�ason,the ���i;:.
<br /> • � mortgage insutance cover��}:ceq�iruft Is�Lender la�ses or ceases to be in effect,Borrower shall pay the premiums required to �,
<br /> o6tain coverage snbstantially equivaleat r.�6he mortgage insurance previously in effect,at a a:ost substantially e.quivalent to the �-'-�
<br /> ;•� # cost to Borrower of the mortgage insiran�previously in effect, from an altcmate mortgage insurer approved by l.ender. Gi
<br /> sub�sntially equivaient mortp,age insura..ce coverage is not available.Borrower shall pay to I.ender each month a sum eqn�!�o
<br /> 's-- ono-tw�ltth of the yeariy mort�age insuranr.e premium being paid by Borrower when the insurance coverage lapsed or ceased to
<br />.;����;,� bo in effe�:l.ender will accept.use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve _
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