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<br /> g, �aan�.� of p�,opesEy �uraACe, Borrower shall keep the improvemeau now existing or hereafter erecied on the s v�r
<br /> Propemr insure�against loss by fire, h.azards inciuded within the term 'eatended rnvera�e" and any other hazards. including ��_�_
<br /> fl�e.+s o*t!^c+ding.for which I.ender requim insurance.This insuiarse shall bc maintaia�d in the amounts and f�r the penods
<br /> th�'.Lender requires. The insurar.ce carcier providing the insurance shall be choscn by Borrv��er aubject ►_� L!yiirr��nQft�Y3I <��� ,
<br /> w0:^rh shall not be unreasonably withheld. If$orrotver fgils ta maintain coverage described above. Lender may. at Lendei s r _
<br /> - oipL*'on.obtain c.roverage to grotect i.ender's rights in the Praperty in aca�rdanze with paraSraPh�• �,'�.-,--
<br /> All insarance policies and renewals shall be acceptable to Lender artd sh�ll include a standani mortgage ciausc. Lender - .,:,
<br /> sha!!have tht right to hotd the policies and renewals.If Lender requires.Borrower shall pmmptly�ive to[.er.der a11 receipts of ��•�_��.
<br />±} Fa.;�!premiiuns and renewal nodces.In the event of loss.Sorrov�er shall give prompt natice to the insurance carrier ar_J Leader. r;;��:
<br /> ���:�_°.
<br /> I.�w'�r may make proof of loss if not made promptly by Borrower. ,�;�-_-
<br /> Unless Lender and Sorrower otherwise agree in writing,insurance procceds shal�be aPP��ed to restoration or repair of the �:.���:
<br /> � pra�ecy damaged,if the ratoration or repair is economically feasible and Lender's security is not lessened. lf the restoration or �..;�
<br /> rep�ir is not economically feasibie or L.er:der's secvrity would be lesse�ed.the ins�sattce procee�s shail be appiicxl tu the sums �.-;�-_•-;-
<br /> s�etued by this Security Instrument. whether or nat thea due, with any excess paid to Borrower. If Borro�ver abandons the � _
<br /> Fm�rty,or does aot ansv�er within 30 days a notice frum Lender that the insurance carrier has offered to settle a claim.then �__
<br /> L,e:w:r may rnllert the insurance p�ceeds. Leader may use the pmc�ceds to repair or restore ct►e Property or to pay sums �_�`
<br /> seruned by this Serurity Insuument.wl:ether or aat then due.The 30-day periad�vill bzgin when the notice is given. .� ,
<br /> e
<br /> lication of rnc�ds to rinci al shall not extend or ����-� '
<br /> Unless Lender and Borrov►er otherwise agree in writing. anY aPp P P P
<br /> pa�stgona the due date of the monthly payments refecred to in paragraphs 1 and 2 or change the amount of the payments. If
<br /> artd�r paragraph 21 the Ft����ty is acquired by Lender,Borrower's right to any insurance polities and proce�s resulting from ��- -.
<br /> dam�e to the Property pr*_cr to the acquisition shalt pass to Lender to the extent of the sums secur�d by�his Security Instrument —._._•�.
<br />� irtun�diateik pEior to the acquisition. ���"
<br /> 6, �ation,MafuL�aate aud 1Protection aC t�Progrrty:Barrawer's I.oan A f�catiom;Y.easelta#ds. ��:•
<br /> ��� P�-
<br />�.;}• � Ba�acower�1t�wsagy.e�--,�alish.and nse the 1'rapecty�s BornnwFS s principal residence w�tlun s�xty days after the execu6ca of �...=a
<br /> �. �«g�n r_r,��--u�:r,r,Et shall contiaue to accu�! tin:Praperty;�Borrower s principal residence for at l�st one year after
<br /> _,' the date of oaxu��rs..y. r�s�rea3 Lender otherwise a��i.n writing,which oonsent shall not be unreasonabiy wichlaeld.us u��less — ,.�
<br /> '� exttttuating �r.�.��.s�i�s .xist whic6 are beyoma L�orrower s cb�uol. Boaower shall not desuay. da�age or impair the _�
<br /> . .�.
<br /> •t Frc�erty, aI!vzv tk�e l�n,'�.�-ty to deterir�r"�te. ar commit waste on the Property. Borrower shalt be in def�ult if any fo etture ��_ 3 _
<br /> acti•�n or proceed'sr.;,��r1�-er civi�or^.riminal, is begun that in Lender's good faith jadgment could r�uIt in forfeiture of the
<br /> Fxaperty or otherR-ige ia�9�11y impair the Gen created by this Security Instrument or Lender's securiry irnz�t.Borrower may
<br /> cure sueh a d�...,�J��nri:n��rwte,as Fre�+ided in patagtaph 18,by causing the action or pmceeding to be di:�sri�ed a+ith a culino
<br /> . �, � {�,,{i-�;~.;��;�,i:'Gffil�3�ter�irnUir��. p.ecludes forfeiwie uf elae Borrower's interest in.tiJe gmFatg or other material
<br /> � imaairmecrt�tE,�e Iiea a*�.ed by t5�ss'�ecurity lnsmiment or Le�u�c�r's securiry intemst. Bomzwer s6� al..w i�e in d�f.�sstl3 if
<br /> Sorrower,d}iring the te:���plication process,gave caraterially false u-r inacxurate infoimatian or statemerri�tu L�eder(c;z LtiJi�
<br />� ` tp provide Le�es with:a�-material infom�auoa)in:r.ra��tion with the loan evidenced by the Note, incJw�iny�..but not limited �,;;;,_z
<br /> � � � tr�,representations conc°rr�ng Borrower's occupan���fc rhe Property as a principal residence.If this Sect�rti�:instwnent is on a
<br /> • Z�ehold. Borrawer shall comgly with all the prcrfi�ions of the lease. If Bori'ower acquires fee title to the Property. the
<br /> • !•rasehold and the fee title shall not merge unless I.e�der agrees to the merger in wriang.
<br /> ' � 9.Prutectlon of Lender's Rlghts in the propei'tY•1f Borrower fails to perForm the covenants and agreements contained in
<br /> •�, tbis Secut�ty Instrument,or there is a legal proceeding that maY significandy affect l.ender's righu in the Properry(sach as a
<br /> procee�ing in Isankruptcy.probate,for condemnation or forfeiture or to enforce laws or regulations),then I.ender may do and
<br /> pay for whatever is neressa�y to protect the value of the Propeny and Lender's rights in the Properry. Lender's actions may
<br /> � 'I�� include puyirr,4 any sums secured b}. ,u�:en which has priority over this Security Inswment, appearing in cow4 pay�
<br /> �r �easonablt;d13:��ineys'fees and enterin���:.1'he Preperty to make rc��ir•R:.Although Lender mak'.ake action under this par.�.t�:b c_
<br /> 7.Lender does not have to do so.
<br /> � My amounts disbar-.�ed by Lender u�er dfi��aragraph 7 shall bvca� r•risliti��al<udte uf Borm«rx secvred by this
<br /> �� Sawrity Ir�strument. Unless Borrower and Lendec:p=*re to other terms of pay:rn�t:.tfreva amrn.w.'3s sltail ta�r interest from the
<br /> ; date of disbursement at the Note rate and shall be payable. with interest. upon:ccrice fr+;m:�nd,�r to Boaower requesting ,
<br /> payment.
<br /> 8.Mortgage Insarance.If i.ecui'�required mortgage insuranoe as a rnndit'son of maldng the tcan secured by this Se�urity =—.
<br /> Inst�ument. Borrower shall pay the pn:eri�ms r�ared to maintain the moct�iF�+:�insurance in effect. If, for any reason. the
<br /> ,� mortgage insurance ca��age require,.3 is;+Lender.I,�es or ceases to be in efC�ca;.�Borrower shall pay th�premiums required to _
<br /> obtain cov�rage snbst,vu.�,ally eyuivale+rc w the cru�nLage insurance previously s�effect,at a cost substantially equivalent rn the
<br /> cost to I3s�;�.er af�ite moRgage insurance pn_wrr�LSly in effect, l�am an aftemate mortgage insurer approved by Lc�ui,s. If i
<br /> ", �.� substan►i!l:;r e�uivaIc-�u�ortgage insurance caver.t�n:is not availaltGe. Borrowtr shall pay to Lender each month a surre r:,r,��;:1 to —
<br /> �1e-twelfth of the y�u1�+ �ortgage insurartce prerni.um being paid by Borrowcr•.uMen the insurance coverage lapsed or ceased to �
<br /> . �; be in effect.Lender wiT�;a:cept,use and retain ti�r.r.�e�'1li}II112RLS 8S S IOSS (2SCN�eL1 lieu of mortgage insuranoe. Loss reserve
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