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<br /> 5. ginzard or Pcoperiy insuragce. Borrower sh�ll keep the improvements �nocv exisdng or heteaftet eisecte� on tke �;=.:
<br /> * ' Froperey insured against loss by fue,hazards included within the tem► °excended aoverage' and any other�a�rds, inctndi� �-
<br /> ftaads ar tIaading,far which Lender requires insurance.This insurance shall�maintained in the a►sounts and for the perio�ls ��
<br /> � that Y.ender requires. The insurance carrier prov9ding the insurance sball he chosen by Borcower subject to i.ender's upproval _
<br /> which shall not 6e unreasonably withhetd. If Borrawer fails to maintain aovezage described above, Lender may, at Lend�r's _,._ ,
<br /> _�_- oprioa,obtain coveragc to p:aiect Lender's righ�.s in the Froperty in accordance with paragraph 7. =�`_J
<br /> �.�.� AU insurance policies and reae�vals�hall be accept�ta W Lerider and shall include a standurd mor[gage ctause. i.ettder
<br /> -- s3�a11 have ilt�right ta ha'.d t��p�licies and sen.wals. If LendPr r�c;uims,Borrawer shall promp�ty give to Lettder a!1 eeceipts of �
<br /> _�•� paid premiums aaid renewal noric�s.In the�event of loss,Borrower�hall give promp3 notice to the insurance carrier and Lender. _—
<br /> Ixnder may make pronf af toss i€nat made pscmcptly by Euao��es. ��=.
<br /> Unless I.cnder and Eorrower otherwise agee in writing,insurance prooeeds shall�e applied to restoYation or repair af the =�•�
<br /> ° Prope�y+damaged,if ths r�storation or repair is economically feasiEle and l.ender's security is not lesse�d.If th$restoration or
<br /> � repair is not econoaucally feasible or Lender's security woutd be lessened.the inswance proceeds shall bs appliai to the sums �
<br /> • secured by this Security Insaumem, whether or aot 8ien due, with any excess paid to Borr�wer. If Borrav�er abandons the —___
<br /> � Prupe,rty,or does not answer within 3U days a notice from Ler,der that the insuiance rarrier hvs offered to settle a ctaim,then
<br /> � Lender may rnllect tbe insurance pmceeds_ 1-eade�' may use the pmceeds to repair or r�store the Property or to pay s�ms � ����
<br />_ ` secvr¢d by this Securiry Instrument,wtieshe�or not ttrea due.79ie 30-day periad wiii begia when 3he notice is given.
<br /> ,' Unless Lender and Borrower othenrrise agree in writing. any applicaaon of proceeds m principal shall not extend or � �
<br /> " postpona the due d�te af the mondily payments referred to in paragmpbs 1 and 2 or change the amauni af the payments. If ��-
<br /> � undea paragraph 21 the Froperty is acquired by Lender,Bormwer s right ro any insurance policies an$procecc�s resuiting from =-_
<br /> damage to We Pmperey prior to the acquisition shall pass to Ixnder to the extent of the sums secnred by this Securiry Iastrument
<br /> - immcdiately prior to the aoqaisition. �„"
<br /> � � 6.Occapancy,Praservatlon,l�ialnt�nance and PratectIon of Ehe Peoperty;Borrow�'s Laan AppL�cut�on;I.easRholds. �'-�--
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<br /> ; Borrower shal!occupy.establisfl,�use the Property as Botrower's pri�cipal residence wittiin sixty duys aftes the ex�on of �.,�--
<br /> � this Security�Ynstnunent and shall cc�tinus to occupy the Properiy as BorroEVer's principal rcsidenx for at least one ypr aftes �rl.�:_..
<br /> r,'' Ille�iC O�pCAIpanC�,unless i,ender otherwise ag�ee.s in writing. which consent shaU not be unreasonably withhetd.or unless. ----
<br /> � extenuatin� cucumstances exist which are bey-oad Barrower's convol. BorroNer sAall not destroy. damage aT impair the �_,_
<br /> Property. alZow the Property to deteriorate. or commit waste on the Property. Borinwer shall be in default if any forfeiture �
<br /> .r r' . action or�proceeding.whether civil or criminal.is begun that ia Lender's good fait�►judg�nent could�sult in farfeiture of the ��
<br /> • Property o;otherwise materialiy impair the�lien created by this�ecuriry Insmiment or Leader's security interest.Bortot�ver may ��.
<br /> � . cure su:h a default aad reinstate.as pmvided iu i�..'3�raPb IS,by caasing the actiion or piaceediag to be dismissed with a nding • �
<br /> ' , ' shat. in Lender's gaa�d faiih dstermination, �es forfeiture of the�iri�wer's intecest in the Property or other thatenal --
<br /> impairra�nt of the lien created by this Secunit����strument or•Lertder's Q��,.y intcrest Borrower shall also be in defauIt if ���
<br /> Borrower,during the loan appli ^c�h.^n�_ro�ss.gave materiall}r��e.cr i.�,�.:-.�`ste'snfo�rm or statemenu to Leuder(orfailed �•
<br /> to provide Lender with any materIa2 ir�formation)in connec��:vr�a�'��.:z.��z.�•�evidence�����:he Note,incIuding.(rut not fimited w��-
<br /> ,� � ta,representadans conceming Borrower s occupancy of the�erty as a�tru�pal residence.If this Securit�,r Instmment is on a �
<br /> � � I�old. Bortower shaU comply with all the r_sovisIons of the lease: L�G�orsa�ver acquires fee titte to ihe Properry. the ' . -
<br /> � � leaseho3d and the fee title shall noi merge ti*iless L'ender agrees to the me�er in�vriting.
<br /> • '?.P[[�ttectfon of I.eader's R[ghts in t$e Property.If Borrower fails to�erform the covenants and agreements cnntainzd itn �'?.
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<br /> this Security Instiuraent,or thsn is a legal proceEding that may significantiy affect Lender's righu in the Property(such as a �
<br /> . procrEding in bankruptcy.probate.for condemnxtion or forfeiture or�tu er�foice laws or r�gulations),then Lender may do and
<br /> — pay ivr wi�utc�c� is�sar�ta��ot�.tk�i°�.:.of ttze Pro�.ssy an3'....°:3er's zi;h!s itt t�Pr�rt;. Ir��!?r'c aM?ona may --
<br /> inclu�ie paying any sums secureA by a lien c.�icf� has priority over ,L-i;s Security Instrument, appearing in conrt._p�y�r�r,
<br /> : � reasonable attomeys'fees and em�'tr,g on the Property[o maG,�erpairs..r�:=YOUgh t�.mder may�talce action uader thIs para�raph __
<br /> . � 7.Lcnd�xr.�'oc,s not have w do so.' ' �. ' ' ---
<br /> ;. ., • An��amoums �:sbursed by I.ender under this paragr�'!a"�':51�a11 �ec�emr additional debt og Borrower.secured by this • ---
<br /> SQCUritp Instrume;,r�!ir.less Borrawer and Lendes agree to othsr terms aL'�r�yment,these amounts sh�ll bear interest from the �
<br /> � � date.of disburser��ti;�i the Note tate and shall be payable, with interes�; upon notice_from Y.eader to Borrower requesttiig % .
<br />:;}'. •. PaYment. ' � : ,
<br /> - S.Mortgage�nsurance.lf Lender required martgage ir�usance as a condition of making the loan secured by this&curity
<br /> . ��� �;� " lnstcument, Borrowet Shall pay the premiums tequired to maintain the mortgage insurance in effeci. If. fot any reason, th� . ``��
<br /> _ t " mortgage insurance'�9.verage requimd by I.enda:G3pses or ceases to be izi.il:;�ect.Eorra�wer shall p�y the premiums required to�. '_ �:.
<br /> ' • obtain coyerage suTrer.�,7tially equivulent to the c:Ortgage insurance previni�nl� in effect.at a cost substantially equivalent to the '
<br /> . ��� � � cost to Borrower of the mortgage insurance previously in effec� from�r•:altemate mortgage insurer approved try E.ender. lf ' �s`
<br /> �� sabstantIally equivalent mortgage insurance cdverage is not available,Borrower shall pay to Lender each month a s:,r;:r:equal to �
<br /> � one-twelfth of the yeatly mortgage insurance pr�emium iseing g4id by Borrower when the insvrance ooverage lapsed�su ceased to `''
<br /> '. be in effect.Lender c�i!1 accept,use and retain thVse{�ayments as a loss c��:��e in lieu of mortgage insurance. I�esr:5 reserve
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