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<br /> � 5.�ina�K�E Rv g'eo�epty I���e�rnnet�. F�oreo�ier stiall keep�tie in:psavcmenGS now existinp ae herafcer er�ctecl on tlie Froperty
<br /> ! insurccl against loss by fire, hazards includrd wlll�in t�te tcPm "cxtcndcd covcmgc" and nny othcr h.v.urds,includlug tlood;or �„
<br /> .. � floocling.for which l.cn.dcr rcquires ir�surr�n�.e.This insurnnco shall bc mntntained in the amounts and for the periods thae l.,endcr ""_
<br /> .��•,�' ' • rcqnires.'Iho insurnncc canlcr provIding tho insurancc shull bc choscn by Horrowcr subJcct to Lcndcr's sppraval which shull not
<br /> be unrcasonobly withhold. If Banower fnils to muintnln covcrnge dcscribed ubove, l.cndcr may, at L.cnder's option, obwln =
<br />����_�'"' coverage to protect l,ender's dghts ln tha Property in accordnne�wi�h paragraph 7.
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<br /> All insurnnce po�icies�nd renewnls�i�nll be acceptnble to L.ender ancl shnll include a stnnd�rd mortga�o clausa Lendcr shnp
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<br /> . ..._.. .. . .n tunvn �In __. _
<br /> ;�'� havc thc right to hold thc pol�ctcs and renewbiy.Ii Ix�►ue��ayaLw,;���a�'shr.��..,.^.s�.3, pi._!.. _nArr p�l r�r.r.intc nf nai
<br /> ��°�y=��' premiums and renawal notIces.In the event of loss,Borrower shsill give prompt nodce to tho insumnce cnrrier and Lender.Lender __
<br />,_�rr� may makc proof of loss i4'not madc prompUy by Dor�owcr.
<br /> -- . ;� Unless Lcndcr and Borrower otherwiso ngrce in writing, insuranco prr�ceeds shall bc upplied w restoradon ar repair of thc _
<br />°�.k,., ;L.�s Property damaged,if the restaradon or repair ia cconomicully fcasi6le and Lender's securiry is not lesscned.If the restorudon or
<br />_;;rA,�,, .� regair is nut ec.�n�micalty fea,ible or Lcndcr'�s security would ba lessencd,the insurance praceeds shal!bc applicd to ihc sums ^
<br /> ... .�. seGiucd by this Securiry Instrumcnt, whether or not thcn duc, with nny excess paid to Bonower. If Borrowcr ubandons thc
<br />:=`;,;�,��;;-��. � Property,or does not answer wi►hin 30 ciays a notice from Lender that the insurnnce carrier has offem,�i to seule a cluim, then
<br /> ",�r�''�-- Lender may collect�he insurance proceeds.Lender muy use tha proceeds to repair or res[ore the Froperry or ta pay sums secured
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<br /> �_N.:;�"5'" by this Security Instrument,whethcr or not et�cn due.Tho 30-day pedod wW be8in when the notice is givcn.
<br /> -==�`�+�� Unless I.ender c�nd Bo.rrower atherwise agcce in wridng,any epplicadon of prc�ceeds to principal shall not extend or postpone
<br /> _�_''�-_��
<br /> the due date of tho monthly paymcnts refenrcd w in paragrnphs 1 and 2 or chnnge tha o.mount of thc paymcnts.xf under paragrap
<br />-,=���� Z1 thc Propc�ty is .�:quired by Izndcr, Dorrowcr's right to uny lnsurance policies�nnd procec�ls resulting from damuge to tho ,_
<br /> '?�''s'"'�'` - Pcopert.y prior to the ac�iaisldon�:�all pAS��o . ender��the extent of the sums secuced by this Security Instrument immedfately
<br /> � '~r`s'� rior w tha �isidon.
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<br /> �=r 6,Occupancy�Preaervatian,lt9atn2enance and Protection of Ihe 1'ropert,y; �iorrower's Loan AppltcaHm�;Leaseholda.
<br />;_,6�����,� Aonower sh�ll occupy.astablish,and use the Properiy as Hocrower's principal residence within sixty dnys after the execudon of
<br />. • rl==�•� thls Security Instrument and shtill contlnue w occupy tho Property as Horrower's principal residenee fua at le,�st one year aftcr ihe
<br /> --- datc of occupancy, unless I.endcr otherwise agcc�s in wrldng, which const:nt shall nut be unrcx�sonably withheld, or ur�less
<br /> _ ? exGenuadng clrcumst�nces exiat which are beyond Bonower's conuol.Boaower shull not destroy,damage or impuir the Propecty.
<br /> sllow tl�.c Property w dctedorato, or commtt wastu on Iho Property. Banower shaU be in default if uny forfeiturc ecdon or
<br /> - proce�din�. Nhether civU or ctlminal,ls begun that in Lender's good faith judgment cauld result in forfeluue of the Property or
<br /> otherwiso materially impair 1he licn created by this Security Insuument ar T.ender's security interes�.Bo�rower may c�ue such a
<br /> - dciauii ia�ii icii�ai&C� �r��:'�C�t in �r�'..e^rsgl: 1$.!+,oa�taino �hr.a�rtinn nr rvaceedlne m be disn�lssed with a rulinB thFit,1n
<br /> I.cndcr's good fiud�detcrminadon,precludcs forrciture of thc Boaower's intcra�t in the Pcoperty or athcr mntcrtal lmpairment of
<br />-- the licn created by tl�is Security Instrumenl o�Lender's security interesG Horrower shall aisu be in default if Borrower.dudng th�s
<br /> �= loan applicAdan process,gave makrially false or Inaccuratc informadon or atatcments to Lcndcr(or failcd to pmvlde I.ender with
<br /> ....— any material InformatIon) in connecann with the loan evidenced by tho Note, including, but not limited to� representadans
<br /> __ ��ming Borrowcr's occupancy of the Pmperty ss a principal residencc.If this Security Instn�mcnt is on a leaschold,Bonowrx
<br /> shall camply with all thc provisians of thc Icaso.If Boaower acc{uues fec dtic W thc Property.the leaschold nnd tf�c fce qQc�yhall
<br /> not mcrge unless Lcnda agrces to tho mcrgcr in wridng.
<br /> -'�""" 7.r'rotecHon of Leeder's Rfghts in the Property. If Borrower f�tls to�erfonn the wvensuus ard agreements conta�necl in
<br /> fhia Securlty Instrumenti nr the:ro is a legal proccedfng that may signllicantly t�ffect Lendec's rights in the Prap�ty (such �s a
<br /> pYOCeoding in bankiuptcy.probate,for condemnation or forfeiture or w enforce laws or regulatIons),t3�en Lender may da and pay
<br /> — for whateve�r is necessary to prota:t Iho value of the Property and Lender's rights in the Propetty.Lendcr'�actions may include
<br /> - paying any sums sccurcd by a Ilen which has priotity over this Securiry Inswmcnt, appearing in c�uct, paying rcasonablc _
<br /> atwrneys' fccs and entering on the Propeny to makc repairs.Alihough L.ender mpy Wce actian under this paraBraph 7,L�.�r►der
<br /> docs not have to do so.
<br /> - = My amounts disisyrsed i�y I.ender under this paragranh 7 shnll becomo addidonal debt o€Borrower socured bp�his Security
<br /> - InswmcnG Unle.os aorrowcr and Lcnder egrco to othcr terms af payment, these amounts shall bear intcrest fn�m Iha date of
<br /> dlsl�ursemert at th�Noto ratc:ind shull be paynble.with int�rest,upon notko from�.endcr w Boecowcr rcqucsting pafmcn�
<br /> 8.Martgage Iesurance. If I.ender requircd mortgago insurance as a cond3aon of making the loan secured tiy this Securiry f
<br /> Instrument, Bondwcr shall pay the premtums required w malntain tho mongagc insurancc �n cffcct. If, for rny reason, the
<br /> mortgugo lnsurancc covara$e requirrd by Lcndcr lapses or cca.scs to be in effect,Borro�var shall pay the premiums required to
<br /> obwln coverage substnntinlly equivalent to the mongage insurance previously in effect, at n cost substantlally equivalent to tha
<br /> cost to Bortower af thc mortgagc insurancc previously in effect, from an altcmate mongage insurer approved by Lcndcr. If
<br /> substtu►tially cqnivalcnt mortgago insuranco covcragc is nnt availablc,Borcowcr shall pay to Lcndcr cach month a sum oqual w
<br /> onc•twclfch nf the yearly mongAgc insuru►c�prcmium bcing paid by Boitower when thc insuranco c:ovcrago lapsccl or ce�sed to
<br /> -----_---- bc in eifec� L,endcr wiU accept, use and retain these pay�nents as n loss reserve in lieu of mongnge inswance.Loss riservc
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