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<br /> `� 5. ��� or p�.op�rty insurance. Borrow•er +hall keep che impmvements now existina or hereafter erected on the : '-,-- .
<br /> � property, insored again�t loss by fi�e. hazards includcd withir. the term "extended coveragc" and any othet hazards. including _� - ``.4=y V_ -
<br />. tloods or flooding, for w hic h L en de r r c q uirey in�urarn:e. ThiY insuranse�hali be maintained in the amouats and for tne periods *V�$ ..�
<br /> that Lender reyuires. The insurance carrier pro�iding the insurate':e shall be choaen by Borro�ver subjc�t to Len der's approva l
<br /> � ��� _
<br /> whict►shall rtot be unre3wnably �vithheld_ If Borrov:er fai1�to maintain cuverage described above. Lender may. at Lesider's 'r .i
<br /> aption,obtain coverage to protect Lender's rights in the Property in acrnrdance with para€raPh 7. ,, __��_;-:.
<br />" q�l insurance policies and renew�als shall be acceptable to L.ender and shall include a�tandard mortgage clause. Len�er
<br /> -.--:.�-�_..
<br /> shall have the right co hold the polici�and Venn of loss Bo o er shall�g�prort►pt�not ce ta the osurance rarrserland I.enderf ' - .`
<br /> . paid premiums and renewal notices.In the e e �.:��' `�� .
<br /> �.;. Lender ma}make proof of loss if not made promptly by Borrov;es. - ,
<br /> Untess I.ender and Borro�ver otherwise agre�in writin�, insurance proceeds shall be appfied to restoration or repair of the , ;:�
<br /> ' Property damaged•if the restoration or repair is economically feasible a,-td Lender's security is not lessened. If the restoration or � '.�.� .,�; _ _
<br />, ° repair is not economically feasible or Lender's security wauld b:lesssened• the►nsu�a�p Borrower�f,Borrower abtandansuthe "�• 'll�'T� `Y�
<br /> - secured by this Security Instrument. whet6er or not then due, urith any excess p �e�.,;N.. :� t
<br /> . ,��.,,:__ -
<br /> properry,or does not answer within 30 days a notice from Lencler th��e insurance carrier has offered to settle a claim, then ; _ _..yT`��T,_f
<br /> Lender may collect the insurance proceed5• l.ender mny we the Irr���� to repair or restore the Properry or to pay sums --,-
<br /> riod will be in when the notice is given. ��t,�.�-_:,,�,
<br /> secured by thi�Security L-tnrun:nt.v:hether or nnt then dle.71te 3��s�pe g . . .�_�� `-` ...
<br /> in wri an a licauon of proceeds to principa! shall not extead or ` t,;e___ �:���.-�
<br /> � Unless Lender aztd Borro�ver otherwise agree �3• Y PP� :-��::�,TY^,�..�r,...,.,�_-_,_-_
<br /> . ,� -",--„::-�-
<br /> ..._-�..F,i__ �.
<br /> �, postpone ihe due date of che monthly payments refecrecl to in paragraphs i and 2 or change the amount of the payments. If _`•f.1,;` ��_ �_
<br /> under paragraph 21 the Froperty is aoquired by Lender. Borrow•er's rigttit to any insurance policies and proce�ds r�niting from ' �' -
<br /> Instrument •`•��-.;::�__•-.,:-`
<br />'••'• !, damage to the PropertY Pn�r to the acquisition shall p•sss to Lesxl�r to the extent of the sums serured by this Security ' � ��� ___
<br /> � immediately prior to the acquisition. Leasehotds. �.^'' `��:•-`�
<br /> 6.Occupancy,Reservation.Maintenance amf Protedion of the PrnpectYt Borrower's Loaa ApplIcatton; �„��__ -
<br /> - � °=w:
<br /> Borrower�hali occa�py.establ�sh.and ase the Pr°PenY�Bornrwei s principal residence within sixty days aRer the execution o . ,�
<br />.;,�,,, this Security Instrument and shall continue to occupy the PropenY as Borrower's principal residenrx for at least one year after
<br /> the date of occupancy.unless Lender otherwise agrees in writing,which consent shall not be unreasonab�Y withho d.ar�nl�e ., �T,�
<br /> extenuating circumstances exist whic h are beyond Borrowec s cantrol. Bormwer shall not destroy, daznag �P e�ture • -
<br /> p�perty,allow the Property to deteriorate, or commit waste on the Property. BArrower�hall be in default if any ,,
<br /> ^�� ` action ur pr:,ceeding, ahether civil or criminnl.is hegu.�that in I.endei s good faith judgment coWd result in forfeiUtre of the _ ��, r,. +._
<br />�,`" �' property or otherwise mat e r i a lly imPair the lien created by this Security insuument or Lender's security interest.Borrower may �� ;r ,:
<br /> •,:.
<br /> � �� cure such a default and reirutate,as provided in para�r'.�:h 18•bY causing the�ction ar psaceeding to be dismissed with a rufing ^ '`�' _�,,:.
<br /> ,�,�.;;.
<br /> � ttaat, in Ixnder s good faith determination, preclu�� f�rfeeture of the Borrou�er s interest in the Property or other material ��
<br />' impairment of the lien created by this Security Instntirent or Lender's security enterest. Borrower shaJl :rJy� be in default if .;��;"�=��-'=
<br /> Borrower,during the loan application process,gave materially false or inaccurate infom�ation or statements�er Lender(or failed ,y
<br /> to provide Lendee with any material information)in connection with the toan evidenced by the Plote,inclu�ing.but not limited �' �`;} x�
<br /> . �
<br /> to,representations concerning Hurrower's occupancY of the Pro�rty as a principal residence_If this Sec�rity dnstrument is on a ,y �. , _
<br /> � leasehold. Borrower shaU comply with all the provis'sons of the lease. if Borrower acquires fee title �n the Property. the
<br /> leasehold and the fee title shall not merge unless i.endr.r aSree�,ss to the merger in writing.o �n��ntained in •�•�-�--
<br /> 7.Pra3ecNon of Lende�'s Rights In the PPOf�ctY•�f�omower fails co perform th.,wvenants and agree �._,,.� __ __ .
<br /> � this Se�urity Instnunent, or there is a legal praceedina th,at m�Y g�SNfi�tly affect 1.ender's rights in the Property(such as a �,
<br /> a-. �j`
<br /> .�� proceeding in bankrupu5+.probate.for condemnatian o7 farfeiture or to enforce laws or regulations),then Lender may do and ��_
<br /> �����•�• �ay for whaiever is nece�:,�ary to proteet the valu,:nf the Property and Lender s righu in the Property Lender's actions may — ' -
<br /> ���y.__' __ :-',
<br /> � ` cnclude paying any surr�� secured by a lien v,itich has priority over this Security Inscrument. appeatin�t :sn court, paying �__' ':��q,.�.
<br /> =' reasonable ztcomeys f��s and entering on the Fr�erty to m�lce repairs. Although i.ender may take action us�der this patagaph �-_�_�-r-_ .- ,_
<br /> ';;�*:1
<br />'•;;,-. '' 7.l.en der dn�s a�t ba�.�to do so.
<br /> . Any a.-t�oun5s di�sned by Lender under this paragiaph 7 shal� became additional debt of Borrower secu r�,d In+ t h�s _
<br /> Security last+vment. Un�:ss Sorrower and Lender aIIree to other terms of payment.these amounts shall beat interest firvm the e_----__�--. ._--
<br /> date of disbursement at the Note rate and shall h+: payab�e. with interest, upon notice from Lender to Borrower re�uesting
<br /> payment.
<br /> 8.NCuatgage Insurunce.If Leni1�r�quired mortgage insurance as a rnndition of making the loan secured by this Security �.�-•.. �:
<br /> Instrument. Borrower shall pay the premiums required to maintain the mortgage insurance in effect. if, for any reason, the _
<br /> mortgage insurance amver.��;e required by Lender Inps�s or ceases to be in effect.Borrower shall pay the premiums reqaired to ���.��,��
<br /> obtain cavesage substar��raliy equivalent to the mnrt�ts3gc in5urance previously in effect,at a cost substaniiulcy equivalent to the � °`'.
<br /> wst to Barrower of the mortgage insurance previ�iwly in effect, from an altemate mortgage insurer n�pnJVed by Lender. If �^��,;,i:^�'^�.�._�{�':�w
<br /> substantialiy equivalent mortgage insutance caverage is nai available.Borrower shall pay to l.ender eacta r_:enth a sum equal to �� -__—
<br /> ••�` r . one-twelfth of the yeariy mortgage insurance premium being paid by Borrower when th�insurance caver.cge lapsed or ceased to �,;�„���._
<br /> • be in effect.l.ender will accept,use and retain thcse payn�ents as a�oss resen•e'sn I:eu of mortgage in3u:�ar►ce. Loss resen+e ���
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