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<br /> S.Ha�,�rd or�'roperty lnsurw�ise. Borrowcr shnll kcep tho improvemcnt�now cxisdng on c�rcuftcr crcctcd on thc Peoperty
<br /> ° � � insurcd against loss by fira,hauuds includcd w(thin the tcrm "extcnded covcragc"ond any othcr harards. �ncluding flaods or
<br /> itoading,far whlsh I.ender rcquires insurnnce.This insurnnco shsill be mnintttinecl in tha amounts nnd for�he�sericxis thnt L.end�r
<br /> � requires.7?ia insurance carrfar p�nviding the insurance shall be chosen by Borrower subject to I.ender's�pproval which shaU nat
<br /> ., t. � bo unreasonably withheld. If Borcower Eails to maintain cover�gc describcd abovc, L.cndcr may, at Lcnder's option, obtain �
<br /> , cc�vcragc ta protcct L.cnd�e's dghts in Ihc 1'roperty in occc�rdanco with parng�aph 7.
<br /> ,�;��`•.. All lnsurnnce polktes and rencwnly shall6e acceptable to I.ender and shall incluA:+a standard mortgage clause.Lendea shap
<br /> .,,,,,,.:..�ws► ; huvc thc dght W hald thc policies and renewuls. If I.ender requires,Horrower shall prompdy�ive to Lcnder aU reccipts of paid
<br /> premiums and renewal nodccs.In the evcnt of loss,9orrowcr shall�iv�prompt notIce to ihe lnsurancc:carrier and Lender.Lendcr
<br /> may makc proof of loss if not made pmmpily by Borrorvec. �:-
<br /> . Unl�.ss Lcndu end Bonowcr oth;rwisa ag�roe in wridnE,insutance praceeds s6all be applied w restotation or repair of the � -
<br /> ' . Property dvn�cd,if the reswrnut►n or repalr is economiatlly feastbla tantl I.c:ndrar's sccurity is not lessened. If 1he restoretion or �`;-
<br /> '� repa,ir Is not economicallp fe�sibh or I.ender's secudty would t�1��,the insurance procr,�As shall be applied to the sums :��-
<br /> �, sccured by this Scciuity Instrument, wh�th:r or not then due, wich any excess paid to Boaowcr. If Borrower ubandons the —
<br /> �y Property,or dacs not enswer within 30 days a nodce from Lender that the insursutce carricr has offcred w settle a claim.then —�-
<br /> � Lender may colleet the insuranee pr�eeds.Lertder ma�use the pmceeds to rcpair ar mstore tho Property ar to pay surt�s secur►,d °=
<br /> � by this Security Instrument,whcther or not thcn due.lhc 30-day pedod will begin when the noticc is givcn. ='"`_
<br /> UNess Lende�and Borrswer odierwise agree in wrldng.any applicatIon of procesds to prInclpal shaU not eact�nd or postpone .
<br /> � thc duc date of the monthly payments referrecl to in paragraphs 1 and 2 or change the emount of ihe paymenis.If under paragraph �-`�
<br /> 21 the Property is acyuired by Lender,Borrower's dght to any insurnnce policies and proceeds resulting from damage to the
<br /> Property prior eo the acquisidon shall pass to Lender to the eatent of the sums secured by this Security Insurument immediately
<br /> �� pdor to the acquisidon.
<br /> '' � 6.Occupancy�Preservatbn�1Naintenance and 6'�rotettbn of tde Fropetty; Borrower's Loan Applkatba;Leaseholds. �
<br /> Bo�rower shaU occupy,establish,and use the Property as Borrower's prIncipal residence within sixty days after the execudon af
<br /> this Securiry Instr�ment and shall coatinue to occupy the Property as 9orrower's princlpal residence for at least one year after the
<br /> � date of occupancy. unless Lender ot'hcnvise agrees in wrlting, which consent shall nat be unreasonabfy withheld. or unless
<br /> y;„. ., n*tr�natino rirrnrrlgtaqr�g�,�gt wh�^h A*e L+eyQti�i LOIqQ�Ci's r.�ntml.H�rm::�cr rlss2l sai�e°troy�dssr.Pee or imj�ir Lhe Pso,.^�2�„
<br /> ' `�" � allow !he Property to detedorate. or commit waste on the Ptoperty. Bartower shall be in default if eny forfeiture acdon or
<br /> • proceeding,whether civil or criminal,is begun that in Lender's goocl faith judgment could result in focfeiture of Wo Pmperty ar
<br />_ � otherwise materlally impair the Uen crented by thls Security InsLziment or Lender's security intems�Bocmwer may cure suc'h a
<br />-_ • ��-�•, defaul►and reinstate. es �rovided in paru�ph 18,by causing t3�e action or proceedIng to be dlsmissed with n n►ling tl�at,in
<br /> ��:�,�r�%:��;;;•. � Lender's good faith determinadon,preclucies farfeiuire of tUe l�onawer's interest in the Property or other material impairment of
<br /> . r�''', tl�llc�n creatiod by this Seciuity Instrument or Lender's secwraty interesG Borrower shaU also be in default if Borrower,during Ihe
<br />�`""��n?��'�• lo.n applicxidon process,gave ma2eria11y false or inaccurnte Wotmation or stcitements to Lender(or failed to nrovide LPndcr with —
<br /> :°"'�^ "' aay material infonnation) in connecHon with the loan evidenced by the Note, including, but not limited to, nprese��tations
<br /> . '�"r�' CODCCRIIII BOIfOWC[�9 OCCI! c of the Pra
<br /> g pan y perty as a pri►�cipal residence.If this Security Instrumet�t is on a leasehold,Bomower
<br /> - '�•"��':"r'� shall wmply with all the provisions of the lcasc.If Borrowcr acquires fee dde ro the Property,thc leaschold and the fec dtle shall �
<br /> �'';'` r,ot mer o unless Lender
<br /> �-_,��r B flgcees to thc merger in wriCng.
<br />=.�=r�_:�`;_. 7.Protecffon of Ltnder's Rights in the Property. If Borrower fails to perf�ran Iha covenants and agtecments contained In
<br />--�°;'xfi� this Se.curity Instrument,or there is a legal pmceeding that may slgn�fcantly affect Lender's rlghts in the Property(such as a
<br />-T�_L;`�� proceeding i�banlwptcy,probate.for condemnadon or forFeiture or to enforce laws or regulaaons),then Lender may do snd pAy
<br />�_��"�� for whatcver is necessary to pratect rhe value of ths Prope�ty and Lender's rights:n the Propeity.Lender's acdons may include
<br /> - _s�,,� paying eny sums secured by a lIen which has prior�ty over this Security Instrument, appearing in court, paying reasonable
<br />=��--4y'��� attomeys' fecs and enrsring on the Prop�rty to make��pairs.Although Lender may Iake action under this paragraph 7,I.cnder —
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