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<br />'" S.Nazard or Property Insuroace. Borrowea shell keep the improvemenas now exlsdng or hereatter eeectecl on the Peoperty
<br /> '���_.;' . �' insured t+�ainst loss by fira, hauuds 1ncludeJ within the term "extended coverage" and any nther hn•r.tuds, Including flo�ds or -
<br /> � �� ..� flo�ding,for whi.ch I..cnder rcquires insurance.This insurance shall be malntained in the urrtounts nnd for the perinds that I.cnder �_
<br />,�:�"; ' req�ires.'Itie insurance carricr providing the�nsurance shuU be chosen by Bonowu subject to I.ender s approval which shall not =_
<br /> • •- bo �nre,�.sonably with6eld. If Burrowcr fnils to muintain coverage described above, Lender may, nt Lcnder's option, obtain �`'
<br />._,..•---°°�---= tit}YC1ko0!V E7iVL'v�iri���c���i}�,}!�!i1 NiS.��ttvai:i.Fa.wa'�'�.,.aiw::u l.W..p.""�:::�. _.--
<br />:_��'""='""" All insura�icts policias end raaewals shall txs acceptable to I.ertder and shall include a standard mortgage e]auso.I.tnder shNl ��.,
<br /> have the rxght to hr�ld the policies and aenewals. If Lender requires,Borrower shull promptly givc to Lender all rcceipts of paid ��
<br /> -- -�' *�., prcmiums and renewal nodces.In the event of loss,Bonower shall give prompt nouce to the insurance carrlcr and I.ender.Lenaer �;
<br /> �r� may malce proof of lass if not mudo promptly by Borrowcr. __
<br /> Unless Lender and Borrower otherwlsc agree in writing,insurancc proceeds shuU be applled to restaration or rcpair of the _
<br />`�Y-�: :::-;��k property dnrnagcd,if 1he restorndon or repair is economlcally feasible nnd x.ender's security is not Icssened. If the reswrsdon or -
<br /> �'���- re is not economicaUy feasible or Lender's securlty would be lessened,the insurance proceeds shall be applied to the sums
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<br /> _,,,.�..,. � secured by this Securiry Instiumcnt, whether or not then due. with uny excess paid to Borrower. If Boaower ntsandons the
<br /> �'�` " Property,or does noi enawer widdn 30 days a notice from I.ender that the insurance carrier hag offered to settle a claim,then 4
<br /> 9`�'••��=� Y.ender may collect 1he insusance procced.s.I.ender may use the proceeds to repair or restore the Propeity ar to pay sums secu�d
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<br />-_ by this Security Instrument,whcther or not then dua Tha 3�-day period wlll begin when the nodce is given.
<br />',�_ • - hraL�on af rocee.cls to princinal ahall not eatend or s ne -
<br /> .n;�;,.�....,, Unlrss I,e,�dar anA Borroucr oihererise agree ln r�ritin°,enY ag�P� _ p P� � �_
<br />=;�,��,,�� the due date of the monthly payments refeaed to in paraAraphe 1 t►nd 2 or change the amount of the payments.If under paragraph Q::
<br />.,r``•'";:;�- 21 the Property is acquirecl by I.ender, Homuwer's r�ght to any insurance pollcies and pmceeds resnldng from damage W the `.
<br />•.._,�.,._;,,�,',, � Properry prior to the acquisidon shaU pass to Lender to the extent of the sums secured by tlda Security Ins�rument immed3ately �;�._
<br /> `dY'�' pdor to the acc�uisltlon.
<br /> a y�� 6.Occupaacy,PreservAtlon,Maintenance and Proteetk�n o�the F�eoperty; Borrower's I.oan +�Lppllextton;Lr,asRholds. =
<br /> =� Borrower shall occupy,establish,and use the Property es Bocrower's prineipal residence within sury deys after the eaecution of
<br /> - �""��°' this Security Instrument and shall condnue w occupy the Property as Borrow�r's principai residence far at least ona year after the �
<br /> •�'� date of occupancy� unless I.ender odierwLse egirees in wridng. which wnsent shall not be unreasonably withheld, ur unless
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