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<br /> 5. HazarcS ar I'roperty Inss�teuce. Borrower shaU keep the impmvements now eaistiag or hereafter erect� on the �� :
<br /> P�operay insured a�ninst loss by fim, harards incl�cded withua the team "extended coverage" and ar.y ather hazards, inclading ��;:
<br /> ._ floods or flaoding,for w6ich Lendee requires insor.�nce. 'i'his insurance shall bc maintainod in the amonnts and for the periods
<br /> •:,, that Lender requims.The insurance carrier prorid'sng the insurance shall be chosen by F3orrower subject to lxnder's approvaf =
<br /> , �vhich shal! not be unreasona63y withheld. if Borrower fails to maintain coverage descri6ed above, Lender may, at Lender's '�"`-
<br /> option,obtain eovetage to proiect Lender s righu in the Property in accordance�vith paragrapS�7. ��.r.�_,
<br /> All insurance policizs and renewals shall be acceptable to Lender and shall include a standard martgage clause. Lender 'Y'~__
<br /> _ sha11 have the right to hotd the policies and renewals.If L.ender requires.Borrower shall prompdy give to Lender all receipts of ��_::_
<br /> paid premiwns and renewal notices.In the event of toss. Borrower shall give prnmpt notece to the insurance carrier and LendQr.
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<br /> ' Lender may make proof of loss if not made prompdy by Borrower. =-_ -
<br /> Unless Lender and Borrower othervrise stgree in writing,insu�ance proceeds shall be appiied to restoration or repair of the ���
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<br /> Property damaged,if the restvrdrion or repaie is economically feasible and Lender s securiry is not lessened_If the restoration or �:�°=v
<br /> repair is not eoonomically feasibte or I.ender s security would be lessened,the insurance proce�ds shall be applied to the sums �,
<br /> �i�:":.
<br />. sxured by this Searity Instivment, whether or not then due,with any eacess paid to Barrower. If Borrower abandons the �-.__, .
<br /> Pro�serty,or daes nnt answer vritfun 3U days a notice from Lender that the insw�ance rnrrier has offered to settle a claim,then ���--_-
<br /> L.ender may coltaa die insurance proceeds. Lender may use the proce�ds to repair or restore the Property or to pay sums ""�°"'
<br /> secumm�by this S�srity Insuument,whether or not then due.The 30-day period will begin when the notice is given. �;
<br /> ' �iniess Lender and Borrower othenvise agree in writing, any application of proceeds to principal shalt nnt extertd ar ��
<br /> pass�r�the due date oi the manthly paymenu refemed to u�paragraphs 1 and 2 or change the .mo�mt of th�• �ymen�s. If �
<br /> � und�r p��gragh 21 the Property is acquired by L.ender, T�.�c er's righi to any insuiartce policies and proceeds.�.�.:'ting_:or. �_
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<br /> �� damage to the Pr�perty prior ta the acquisirion shall pass t�u�;�to t[i��sent of the sums secured by this Security instrumc�s �;°_�"_-
<br /> •;� immediately priar to the acquisidon. ��.
<br />_ �. , 6.Oaa�pancy,Preservu�,Maintenance aud Pir�atx�-�of the Praperty;Basrower's Loan Appllcation; Leaseholdg. •' �
<br />'-...'.� Borrower shall occupy.esta6t%s�and use the Praperty as F�erower's principat resider.►x within sixty days afUer the execution of
<br /> � this Securiry Instrvment and shr,:l continue to occupy the Property as R��wer's pr.�..-ipal residence for at least one year after °-T��—
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<br /> the date of aau��.n.y, unless Lender otheru�i�z agrees in writing. which�ronsent shall not be unreasonably withheld,or untess �=T-
<br />' � extenuating "ci�stances exist which are Rn:rond Borrower's control. Borrower shall not destroy. damage or impair the ��;_
<br /> '` � Pro p allow the Pro to deteriorate, or commit waste on the Pro Borrower shail be in default if an forfeiture
<br />. :j P-n5+• P�Y i�ertY• Y � .` ..=_
<br /> ' � actian or pm,ceading, whether civil or criminal,is begun that in Lendxr's good faith judgment could result ia forfeiture of the �"'�
<br /> Prag�rty or athe,.�,vise materially impair the lien created try this Securiry Insuutnent or Lender s security interest.Borrower may ° `
<br /> •�'�� cure such a dcf�,�and reinstate,as provided ia Qaragraph I S,by causing the action or praceeding t��dismissed with a mli� _
<br /> � � �� that. in Lendcr'���od faith determinarion, precludes forfeiture of the E�orrower's interest in the �perty or other mater,aD --
<br /> � impairment ef��!�en created by this Security Inshument or Lender's security interest. Borrower shall also be in default�t �':; ' '
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<br /> • Bocr.K,�npa.�uri���e loan apptica�on process,gave materialiy false or inaccurate information or statements to Leader(or failed • �i �;.
<br /> to gnc��ri�se Ixac,'e:vrith any m��1rr�I infortnation)in connactinq with the loan evider,��Sy the Note,including,but not limited �y�.j��',
<br /> :' ' to,represent�ia�,amceming Borrower's u:aas�ancy af the Property�a�r�cipal r��ence. If'this Security Insm�ment is on a �'�__�_
<br /> � leasehold. Ea�:�.:�+.r shall comply with aIT v1r,s provisions of the l�. ff Borrower acyuires fe� title to the Pcoperty, the �FS.
<br /> leasehotd and the fee title shall not merge unless Lender agrees to the merger in writing_ �'�
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