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<br /> -- 'S. Hwzprd or Prnpetty Incumnce. Borrower shell kecp the improvcments now existing or hereafter erectal on the
<br /> __ _ Propeny inaural egainst loss by fire, hazar�ds included within the term "extended coverage" and any ather hazards, including
<br /> ^_ floods or floadi�g,Por which Lender requires insurance.This insurunce shall be maintained in the amaunts end for the pe�iods
<br /> _ ___- _ Ihet I rnrlrr m�nirrw. Th� incnrHm-r�nrrirr J�rnvidinn fhe inn�rnnrr chall hr rhnc�n hy Amm�w�r cnhJw�t tn 1�nd�r'c nr�mvnl .--
<br /> - I which shnll not be unreusonably withhcld. I( k3arrower tails to maintain coverage descrlbed above, Lender may, at L.ender's -.�
<br /> ' apUon,obtai��coverage to protect l,ender's righta in 1he Property in accordancc with paragraph 7.
<br /> - All insurance policies und renewpls shall be acceptable to Lender and Rhall include a stondard martgage clause. Lender
<br /> - "" shall havc thc dght w huld thc policics unJ rc�x:wuls.If[.cndcr requires,Borrower shall prumptly give ta L.cnder ull rcc:cipts of
<br /> paid premiums and renewal notices. !n the event of loss.Borrower shnll give prompt notice to the insurance carrier and Lender.
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<br /> Lender may make praof of loss if not made promptly by 8orrower.
<br /> -"-""""="_��� Unless Lender and Borrower otherwise agres ln wrlting, insurance p�oceeds shall be applied to restoration or repair of the
<br /> i �'��"1"'���"`j'�' }'roperty damaged,if the restoration ar repuir is econotnically feasibl:.:..��Lender's sewrity Is not lessened. If the restoration or -
<br /> �,Y�;��;1�,,,,,.:� rcpair is not economicully fea9ible or L.ender's secudty would be lessened, the Insurance proceeds shall be upplied ta the sums
<br />�-�R-�--•- �'-�-� secured by this Secu�iry Instrument, whether or not then due. wlth any excess paid to Burruwer. if Barrower abandons the -�
<br /> ""-�``� -�-- ==��=y�� Property,or daes not answer within 30 days u notice from I.ender that the insurance currier hns offered to settle a claim,ihen -
<br /> "�'`=�;;��� Lender may collect the insurance proceeds. L.ender may use the proceeds to repair or restore the Properry or to pay sums
<br /> - secum.ci by thls Security Instrument,whether or not than due.The 30-day periad will begin when the notice is given.
<br /> ._ ���'���'�� Unless [.ender nnd Borrower �therwise agree in writing, uny applicadon of procecds to principAl shall not eatend ar
<br /> Y"°"'`'"'''h`'''�"` st nc the due date of the monthl a ments referred to in arn ra hs 1 and 2 or chan e the umount of the a meMa. If
<br /> +��:�:.T � P° Y P Y P E P 8 P Y
<br /> °•��'��Y ; under pa�agrnph 21 the Properry is acquired by Lender.Borrower's dght to any insurance policiex and proceeds resulting from
<br /> ° ��;;T�:';� �',��_�;; damnge ro the Property prlor to thc ucquisitian shall pasa to Lender to the extent of the sums secumd by this Sccurity Instrument �
<br /> �ti� �. ��t�v� immediately prior to the acquiaition
<br /> s'~+=;,=:-�•;;:;�,�+ 6. Occupancy,Pireservation,Maintenance and ProtecNon aP the Property;&�rrower's LoAn Applicadon;Leaseholds.
<br />.:•,�ir�:`�•� ; .a. .�---� Harrower shs�ll occu
<br /> _.. ,,.; y ,,�,� ��- py, establiah.and use the Propeny as Borrower's principal residence within siaty dAys After the execution of
<br /> _: • •••' "�� this Securi►y Instrument and shnll continue to occupy the Property as Borrower's principal residence for at least one year after _--
<br /> the date of occupnncy,unless L,ender atherwise ugreex in writing, which consent shall not be unre.asonubly withheld,or unless ---
<br /> � � • �•��� � extenuating cfrcumstances exist which are beyond Borrower's control. Borrower shall not destray, damagc or impair the -_
<br /> •� :, '�k��'���,"t-`1'�� Property, allow the Property to deteriarate, or commit wuste on thc Property. Borcower shall be in default if uny fort'eiture ��
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<br /> ���,-'X�'��' " Action or proceeding, whether civil or criminal,is t►egun thul in Lender's good faith judgment rould result in forfeiture of'the
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<br /> �r.tl1w1eT.,. • propeny or otherwise materlally impuir the lien creuted by this Security Instrument or l.ender's security interest. Borrower may
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<br /> _ ,����• [�r�•��':•,::'�� cure such u default and reinstatc,as pravided in paragraph 18,by causing the uction or procceding to be dismissed with a ruling
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<br /> wR,�,�r.•:�:.�..�.�;. thal, in L.endcr's gaod faith de[ermination, precludes farfeiwre of Ihe liorrower's inlerest in the Property or other material
<br /> _ �� .� ,� �. impairment of the lien crcated by this Security Inswment or I.ender's security intcrest. Borrowcr shull Llso be in default if
<br /> ~� . Borrower,during the loan application proccss. gnve materially false or inaccurate infornuition or statements ta I.ender(or failed
<br /> _ �iv,,:::.sr.•:....�i�.. to provide L.ender with any material information►in connection with�he luan evidenced by the Note,incluJing. but nut limited
<br /> ;s .y�� ; • to,representations concerning Borrower's occupancy of the Property u�a principAl residence. If this Secunty Instrument is on a �_.-
<br /> � _ _ � leasehold, Borro�ver shall comply with all the provisions of the leuse. If Borrower ncquirex fee title to the Property, the °-�
<br /> -= leasehold and the tee tide shall not merge unletis L.cnder ugrus to thc mergcr in writing.
<br /> ::"� • ���.�-; ,; M'� 7.Protection oP I.ender's Rlghts in the Property.If Borrawcr fuils to perform the covcnunts und ugrecments contuined in -
<br /> d4� `'• 4+•�'o� this Securiry Instrument, or there is L Ieg�l pr�xeeding thut muy si��ifiranUy affect Lender's rights in the Propeny (such us a -°'-�
<br /> .-.:�,. - e. proceeding in bankruptcy, probnte, for condemnation�r forfeiture or to entixcc luws�ir regulations►, then I.cnder may do and �'°-`"`
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<br /> ,^ ,��_r':,:: . r:�" pAy far whatcver is neces�:ary �n prntect the vnluc of the Propeny imd I.endrr's rights in thc Property. Lendcr's nctions may -,--
<br />- � include paying any sums secured by a lien which hus prioriry iiver this Security Instrument, uppearing in court, paying ��r,
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<br /> reasonable attorneys'fees und entering un the Nropeny to mukc repuirs. Althnugh Lender muy twke action under this puragraph �'�
<br /> Y 7.L,endcr docs not have to do so.
<br />-.��� ''"�'� � Any amounts disbursecl by I.enikr undcr this purograph 7 shall bec�ime udditioc:ul debt af Bormwer seeured by this
<br /> :�., , Security Instrument. Unless Borriiwer ancl Ixnder ugree t�►uther ternis of puymen�, thesc amounts shull beur interest from the
<br /> H ','�`� date of disbursement ut the Note rate und shs�ll bc pAynblc. with imercst, up��n uotice from L�:nder to Borrower requesting ���
<br /> ,.� payment -
<br />'•_�.�,,.• • 8.Mortgage Insumnce.If Lendcr rc uircvl nwrl•u c insurancc as a condition of mnkin o "°`
<br />_�� ��,:, 9 6 S g thc I an secured by�his Secur�ty
<br /> � Instrument, Borrowcr shull puy thc premiums reyuireJ t�► muintuin the nxingage imuruncc in eff'ert. If, tor uny rca.wn, lhe `�°-
<br /> mortgagc insurnnce coveroge rcyuired by Lendcr lapses or rcaxcs to hc in effcct, Bi►rr�►wer ahall puy thc premiunu�•equircd to �"'`
<br />-- � obtuin covemge wbstuntially equivnlent�ii the mortguFe insurance previausly in cl'fect,at a cos� tiubtitantially eyuivulent to the -
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<br />'�,_ '�'+° � � cost to Borro�ver af the mortgage in+urancc previ�iusly in rt'1'crt, I'rom �n idtcrnutr mongagr inwrer apprrned by Lender. If �z•
<br /> ' ° �° substuntially equivalcnt mortguge insuranrc cuver•rgr is not availublc,Borrowcr shall pay to Lcnder carh monlh u rum equul to
<br /> � •� . b � one-twclfth of thc yc•rrly mongngc inwruncc prcmium hcing paid by &►rrower whcn thr inwrunrc coveragc lupsed or ceuscd to
<br /> .. „ , be in effect.l.ender will uccept,use and retuin the�c paymcnt,as u lotis rczervc in licu at' martguge imurUixe. l.o�ti reserve _
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