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<br /> . S. Hazard or Pmperty�surarcca Borrower shaU keap the imgr�ov��aents now esisteng or he�after erected on � .
<br /> t�e Fto�rcy insured agauist t�mp i�.�azards inc:t:3��ittnia the terai °e�end�i covet�,�"��any othQr hazardis= ----
<br /> inclu�ing�loods or fiaoding,for w1ucA Leader requir�insura�ce."This irsurance shalt be mainta'ned in t6e amounta '. ,
<br /> aad for ths periods th�t Lender require.9.The inawance carrier praviding the iBSUranoe ahall be chasen by�orrower �: r .-�.�
<br /> _ _ subject to Lendcr'e apFroval wtiich shsll not bs unrea..wnamly witi�held if Borrower fails to maintaia coverage described --,•:1:
<br /> above,I.ender may,at I.ender's option,obiain coverago ta protect Leader's rights ia the Property in acxordance wiih
<br /> � ParagcaPh 7. _,.4`_==
<br /> `;< �1 1��� pou��,and rencwals shnll be accxptable to I.ender and shall include a staadard mflrtgage clause.
<br /> Leuder sh�l have the right to hold tha policies aad renewals. If i.ender requires, Borrower shall promptly give w �:;��
<br /> Lender all receipts of gaid premiums and renewal notices.In che event of lasa.Borrov�er she11 give prompt natice to the -:;.,y
<br /> � insura�e cerrier aad Leader.Lender may me�e prao�of loss if not made prompily by Borrower. �:;,:-t.
<br /> UW�Lender aad Borrower otherwise agree en writing,inc��rnnce p�s shall be applied Lo TestotatioII o1'tepait ''>�'==��
<br /> of the Property da:asged.if the restaration or repair is econo:sicaUy feasible aad Lender's security is not lessened if the ,:r�'��=
<br />' testora4ion ot sepeir is not eoonomically feasible or Lender's security would lse le�ened,the insorance Proce�ds shall be ;�-�
<br /> apglied to the sums secw�ed by this Socurity Instrnment,whether ar not then due,with eay eguess pasd to Borrower.If ��_--
<br /> Borrower abandons tho Property.or daes not answer wittun 30 daYs a notice from I.ender that the insuraace carrier hss �';''`:`�
<br /> � offered to settle a claim,then Leader maq collect tha iasurance ps+nceeds.Lender may use the proceeds to sePair as' ���•: _
<br /> y .i restore the Property or to pay soms Eecured bp this Sacuritq Inst�vment,whether or not then due.'1'he 30'day period will �.;y��
<br /> begin whea the notice is given. �
<br /> Ual�Lender and Borrower otherwise agree in writing,anY aPP�cation of prooeeds to principat shall not eatend ar �._`_.
<br /> pnstpone the due date of the monthlp pa9menis refen'ed to in parageaphs 1 and B or chaag,th�amount of the papment9. =��^;_
<br /> .. If under paraBraFh 21 the Propertq is a���red bq Lender. Bomnwer's right to any insurance policies aad prac�eds ,�,�_...
<br /> � resultiag from daaeage to the Property prior to tDe scquisitioa ehsll pas�to Lender to tlie estent oi the sums secured bY _
<br /> �` this Sec�ritp Instrument immediatelp prior to the aoquisition. �..
<br /> _ 6,Occop�acy,preservatiaa.Maintenance sad Protccttoa of the Property;Bonower's Loaa Applicatiar�; .-.��z-=--
<br /> �.easeholds. Borrower ehall occapY,establish.and use the Propertq as Borrower's principal residence witiva sisty da, :��:
<br /> aft,er the eseeution of tttis Secwity Iustnsment and aha11 contiaue to occupy the Property as Borrower a Principal �:..
<br /> resdence for at least ona peat aft�r tha date of accupaacy.unless Lend�s'otherwise agtees in writing,which consent shall _ .
<br /> aot be unreasoaably withheld,or untes9 eatenuating circumstances esist Wtucb are bepond EOrrower'e c�ntrol.Bonrower = _
<br /> � ahaU not destroY.damage or impair the Propercy,allow the Property to deteriorate.or commit waste on the Propert9_ _ ,.:��'
<br /> ' Borrower ehaU be in default if any forfeiture actioa or proceedin�,whether civil or criminel.ie beg�m that in Lead�a's �
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<br />� gaod faith judgment could result ia forPeiturs of the Property or otherwis:materially impair the lien cseated bp� ��-.�
<br /> -• Security Instrument or I.ender's s2curit9 intetes� Bonower may cure sitc�a default and reinstate�as pr�vided uz _-•�,.�.=
<br /> ' P��Ph IL�, by causing the actiaa at proceeding tfl be dismis�sed v�i� a ruling t6aE. in Lender's good f�ti� �:.�_
<br /> � determination,preclucles forfeiture of tfi�e I�orrower's interest in the Property or ather msiterial impairment of ffie fln�er� __;
<br /> created by this Security Instrument ms d.eader's sec�rity iaterest.Bonower abaU also be in defauit if E�rrower,during
<br /> � the loan applicatian process, gave materially false or inaccurate informntian or statements to Len.der (or failed to 1, :: ;
<br /> provida I.ender with any:seater-al infarn►ation)in connection with the loaa eb�denced by the Note„iII:E::ding,but aoE � �
<br /> timited to.repr�sentati¢as coaxmisa�Bonowe�s occupaaaY of the Properts�a principal r�sideAee.IL�this Security ����,.
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<br /> � Instruuaent is oa a IeaseL.uld,Borro��shall comply with all the pravisions of the lease.I!Borromer acquirea fea tifle to y•-
<br /> —. the Property,the lexsehold and the fee title sha11 noi mcrge un2�I�nder a�t�the merger in writing __-_
<br /> . 7.Protec4iaa of Leader's Rights in the Property.If Bflrrower fuils to pertorm ttie covenaats ead agnaments ___
<br /> contained ia this Securitb*Instrument�or there is a legal proceeding that muy sigaiiicantiq afle�t Leude�s rights in the --�--
<br /> � Property (such as a proneediag in banlu'aPtcY� t�cOlsate. 4or condemnatirn� or forfeiwre or to eafarce laws or � :===�°
<br /> .:�•; regulations).then LeadEr may do and pay for rrha`ever is ne�ar9 to Frat�s:±'the value of the Pmperty and Lender's �,:;:��_•�°-
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<br /> ,:�.K:;�. rights ia the Pmperty.Lender's accieas may includa peyiag any suma sec�.k*ed by a licon which has priority over tius �•=-,,
<br />'::.�f���� Secunty lnatrument.ePlssa�fng in cau�`w,�aYinB reasonable attornep�fees aad enteriag on the Property to make repai�.
<br /> ���!�`� Althoug,ti Lender may taica action und�r this paragraph 9,I.ender does uat ha�e to do so. �
<br /> Any aiaounts disbut�d bY Lendsr undcr thiaparagraPh 7 ehall becoraQ:,�ditionai debt of Borrower secured b3►this
<br /> ;`�, �r �curity Iastnsmen�UaF�Bortowea and Lender�ree to ather tercns of�syment,these amounts shall bear intcrest .•;-:�.:,--..
<br /> .�y�,�;• irom the da3�oi disbuisesnent at the Note rate and sball be payable.with interest.upon notice from L�nder w Borrawer _ _
<br /> ��_::.:
<br /> ;��:,. � requ�tingtjrc:yment. �-�:�::.:
<br />;°",.�'�k�, 8.14f�,etg��e Iasunaco.If LeQ�r4:required mortgaga in..�.�ce as a condition of maSciag tho loan sei.vred by this
<br /> �r,:_ ..
<br /> ."';`� Securitq Ins2rumeat,Hanower ahall pay the premiums required tu maintaia the mortgaga insuranca in effect.If,for aay
<br /> : • reasaa.the mortgage is��aace coverage required by Leader lapses or cear�to ba�a effect.Borrower sha11 pay the ��'�
<br /> � premiuma required ta o�ss�in coverage subetar►tially equivalent to the mort��insurance p4eviovslg ig effect,at a cost ���•°>�+�
<br />....�Fi„t .
<br /> _;ar , substentially equivalent w the cost to Borrower of the mortgage ipsurance praviously in eifect,�'rc��m an alternata
<br /> %'+��'� � mort$ege insuser npproved by Lender. If substantialiy eqvivalent mortgage ins�nance coeerage � not available,
<br /> ' Borrower shall pay to Lendee each mont6 a sum equal to oae-twelfth of the yearlq mort�insure.c��remium being �___
<br /> paid bq Borrower when tha insuraace coverago lagsed or ceased w be in efiect.Lender wi11 accept,u�and retain thsse : ^_
<br /> ' payments es a loss teserva in lieu o4 martgA�e �neuranCe. 1-oss *ese�'ve payments may no tmc�er be reqvired� ;_"�
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