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<br /> � 5.Nnznrd or Pn•operty iusuracce. Dorro�ver shall Icer,p ihc impravements no�v exisdn�an c�r.;:dter ceccted on thc Proper►y
<br /> insiued against lass by Cue,hauards included�vidiin Uie term "extended covcra�c° ond[u►y ather h����da, includin� ilan�l�ae
<br /> flooding,for which Lender requires insu�ewis;e,'Iriis insurance shnll be mnintnined in the smount�und for the{seriods thc�t I.ender
<br /> requlacs.Tho insurnnce csurier provi6ing ttie insueance shell bo cho.sen 6�y Borrowea subject to Lender's approval which Rhall not
<br /> ' '� be unreasonably withhcid. If Bonawcr falls to maintain coverngc descrlt►ed abovc, Lcnder may, at Lender's optfon, obtain
<br />_—�_"�� COVCi8$0 W pPJUA�I�iiuci�a Ii�iiw:+.i2:.^,t.�f'�`r'��1�:�^rnr�fanr�with nAfe¢reDh 7. •:.<
<br /> All insumncu policies and renew�ls shall be acceptable to Le�tder and shnll include a suutdnrA rnortgoge clause.l.�nqer snuii �"-
<br /> �a.��w::ght itY l:���th��li.+.pe�+t�*�'A9Walg, If�ender reuuires,Bocrower siiatl peoii�U11Y Bive to Le�der all ecccl�is of paid �--'-
<br /> .�� prear►iums and renewel nouces.In the event of loss,Bonnwer shall give prompt nodco to tho tnsuranco carrier end Lender.Lender �•>�`
<br /> "-�� may makc proof of loss�f not made prompdy by Boaower.
<br /> `,���� Unless Lender and Sorrower otherwise agree in wridng,insurancc procced.s shall bc epplicd to resWration or rcpalr of ihc
<br /> Property damaged,if ihe mstoradan or sepair i9 economically feasible and LenAer's sccurity is not lessencd.lf the reswjndon or
<br /> ' n repair is not economlenUy feasible or Lender's secualty would bs lessened,the insurance procaeds shall be e�plie�to the sums ,
<br /> � '��• securcd by this 5ecurity Instrument,whether or not then due, with any excess patd w Barrower.If Boc�ower abandons the •,,._:
<br /> � �"� Praperey,or does not answer within 30 days a nodce from Lender thst the insurance currier has offered to settle a cl�im,then _�`
<br /> Lender muy colle�t the insurance procceds.Lender m�y use the proce�eds to repai�or restore the Property or to pay sums secured �
<br /> t�y this Security Instrument,whether or not then due.'Ihe 30-day period will begln when the nodce is gtven. _�. ,
<br /> .:<.j�:�;; Unless Lender and Borrower othenvisa agree in wriring,any applicadon af ptuceeds w principal shall not extend or postpone �+=
<br />- the due dstte nf the monthly payments r�e�'ened co ir►paraBraPhs 1 und 2 or chenge the nmount of the paymcnts.If under paragraph �
<br /> � .. 21 dto Prog:.rty is �Quired by Lender. Ac�rrower's right to any insurancc pollcies and proceeds resulting from damage to ihe _
<br /> ; :�� .•... . Pcoperty prtor to d2e ucquisidon shall pass W Lender to the eatent of the sums secured by this Security Instrument Immediately �,,.
<br /> :' � ��`� ' pdor to thc ecquisition. __-
<br /> „' :'. .. " 6.Occupancy,Preservation,Maiatenance and Protectton oP the Proparty; Borrower's Laan Appl�cattoni LeASehoWs. �.:
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