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<br /> . S.Hn�ned or Peoperty Insuvnn�e. Borrov�ex shnQ kcep dio improvemcnts now cxesGng on c�reafter crectcd on d�o Property
<br /> insured ugninst loss by fre, hnzards included�vi�hin the tcrm "cxtended cover;+�c"and any other h�ds, includit�g iloQds at
<br /> poo4tng,for which Lender reqi�ires insurnncc.71�is insurance shall bc mainu►ined in tha anounts and For the periods�hat Lcnder
<br /> . ;_ re�ulros.'ihe insurnnce c,�xier providing the insuriu�ce shall 6e chosen by Bonower subject to Lender's upprovnl which shall not
<br /> , • be unreasonnbly withheld. IF BoROwer fails to mmi��tain covcraga described nbove, Lend.cr may, ut I.ender's option, obk�in
<br /> � ,, � covuugo W prouxt Lender's rights in the Property in sccordance with pat�graph 7.
<br />" ' Nl insurance policias and renewnls shnll be accept�ble to I.ender and shnll includa a standnrd mortgago cl�uso.I.ender shall
<br /> • ` � � have tha right to hold t�►c pUlicies and��enewals. If Lcnder requires,Dorrot�cr shall prnmpdy�ive to Lender all receipts of paid
<br /> •�-��`'� premiums and renewal nodces.In the uvent of I�ss,Horrower shall giva prompt nadce to the insurnnce carrier ond Lender.Lendu
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<br /> muy maka praof of loss if not madc promptly by Borrowcr.
<br /> _��� Unless Lender and Borrower ptherwfse ngree ln wrid�B,Insurance proceeds shtill be applied to iestorndon or repair of tho
<br /> Proparty damaged,if tho restorudon or repair ts economiGally fc.lsible nnd Lender's sccurlty is not lesscned.If thc res:omdon or �.
<br /> r :a repair is nat ecunomlcaUy feasiblo or I�.ender's security would bt les..�ened,the insurance proceeds shall he applled co�t►e sums .,;:
<br /> �; „ k. secured by thin Sc:curity Insuument, whether ar not then due, with�ny� excess pald w Barrowe�. If Bomnwer ubandans the �
<br />� �'• Propeny,or da,s not answer within 30 dnys a nopce firom i.ender that the insurunce carrier has offered to settle a cluim,then -
<br /> . Lendcr muy collc�ct the insurance proceec�s.Lendu muy use dte�S�ccedv co repalr or reswre the Propetty ar to pay sums secured -
<br /> by this Securiry Inntcument,whether or not then due.'Ihe 30-d:a�period will begin when the nodce is gieen.
<br /> Unless Lendnr and Borrower othenvlse ag�e in writing,any apPllcadon of proceeds co principal shaU not extend or postpone
<br />- '',`; the due date of the monthly payments refemed tm in psuagiaphs 1 And 2 or chango the a�rnount of tha paymenis.If under paragraph
<br /> •.- - " 2Y the Prupeecy is acquired by Lender,Boaower's right to any insivance Pollcies and proceeds resulting from damaBe to tho
<br /> ••' "' E�mperty�pdor to tho acquisition shall pass co I.ender w the extcnt of the sums secured by this Security T�isDU`►ent immcdiarcly _
<br />__ . � �.° ' prior to the s�ccqulsition.
<br /> ' � q Ltase6olds.
<br /> - � 6.Occupancy,PreservaHon,MaintenAnce and Protection of the Property; Bosawer's Loau Appllcaldon;
<br />;�,.;;�;��; Boirower shall occuPY.establish,and use the Prope�ty as Borrower's p►in�ipal msidence wlthin sixty days after�he execudon of
<br /> � '`• �•� lhis Security Instcument and shall continue to nccupy the Property as Borrower's prIncipal residehce for et least ono year after the
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<br /> :_'�:�:?:,�r'� dat� af occupancy,unless Lende� otheiwise agrees in writing, which c:ansent shuU not be ur��sonably withheld,or unless
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<br />'.�.�S�y:-��� � extenundng cIrcumstences exist which aze beyond Borrower's cc�ntrol.�orrower shall nat destroy.damage or imp�ir tha Property,
<br /> �"� allow the Propem,r to dete.rlomte, or cammit wasta on the Property. Bomnwer shall be in default if any fodeIture scdon or
<br />���'� 7. pmceeding,whether civil or crimuial,is begun that in Ler►der's good feith judgment could result in forfeltum of tho Property or
<br />��`r�� dtherwise matcrially Lnpair the llen created by this Security Inshument or Lender's securaty interest Bomowu may cure such a
<br />-`�_:�s:e.�,� default end reinstate, as providcd in paragrnph 18.by causing the acdon or proceeding t�be dismissed with a nilIng d►at, in
<br /> --Y�;;":�,��y�'.� Lander's gaod faith deurmination,precludes forieiture oi tne norrower's inu3csi in iho Frupaiy u��it�a.:ja�'+a2 im ..ut:af
<br /> '`-'�.�y the lien created by this Security Instrucr►ent or L.ender's security interes�Bomower shall nlso be in defuult if Borrowa.during the
<br />"'°r'"=��`� luan applicadon process,gave mau,rlally false or inaccurate informatlon or statementv to Lender(or failec?¢o provide I.ender with
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<br />--_--_---=�� any materiat infarmation) in connecdon with tha loan evidenced by the Nou, including,but not ILnitsd to. npteserttations
<br /> .-;,�,y,��— canceminQ Sorrowar's occupancy of the Prope�'ty as a principat residence.If thL9 Security insstiument is on a le3sehold,Boirowu
<br /> - shall camply with aU the provisians of th�lea�s.If Borrower acquires fce dtle to the Property,the leasehold end the fee dde shall
<br /> -_- not merge unless L,ender agrees w the merger in wridng.
<br /> - 7.Protection of Lender`s Rights tm the Property. If Bocmwer fails to pe�form the covenants and agreements contained in
<br /> _-�� :�� this Secarity Insttument,or them is a legal proceeding ihai may slgnificanfly affect I.ender's rights in the Propett3l(such av a
<br /> ,°_;�;1?<� proceeding in banlauptcy,probaW,far condemnadon or forfeiture or to enforce lawe or reguladons),then Lender may do and PaY
<br /> -'�"�� = fa whatever is necessary to prutact the value of the Property and Le,ndrs's rightv in the H'roperty.Y.ender's acti�ons n�ay include
<br /> -- �Oaying eny sums secured by a lles� which has priurity ovu this Sxu�ity Instrument, appearin8 in cotut+PaY�B�k
<br /> attomeys' fces ancl entaing o��the Property to make repairs.Although I.ender may take acdon under this pa�ragraph 7.Lerida
<br />_ __ dne.a not havc to do so. �.
<br /> - Any amounts disbursed by Lender under�his pAregrnph 7 shall becoma addidonal debt of Socrower socured by this Security
<br /> - - InstrumenY. Unless Botrowec and Lender agree to ather tctms of payment, these emounts shall bear Intrrest from the date of
<br /> —__—- disbnrsement at the Nota rate and shall be payablo,with intcrest,upon notice fcom Lender t�Bomower requesdng paye�en'�
<br /> �� 8.Mortgage Insurance. If Lendec requlred mortgage insurance as a cnndidon of making the loan sacuretl by this Seriuiry
<br /> -�- — - Instrumcnt, Borrowu shall pay ti�e prcmiums requnred w maintain the morigage insurancc i�effect If,for any re�son, tho
<br /> -- mortgage insucance coverage required by I.ender lapses or ceases to be in effect,Bonower sliall pay the premiums rcquired w -
<br /> �� -�� obu►ir►coverage substantially equlvalent to the moctgage insnuance previously in effect,At a cost substantially equivaler►t w the
<br /> ���"""°` = cost w Bormwer of the moctgage insurance prevlously in effect, from an attemnte mortgage insurer agproved by Lendcr.If
<br /> - �.v��°� substandally equivalent mortgage insvrance coeerage is not available,gorrower shall pay to Ler►der eACh month a sum equal to _
<br /> - °x=;�• onatwelfth of the yearly mortgago insuron�ce promium being paid by Bonower when the Insiusnce coverage lapsed or ceased W
<br /> •�'-�:�-'!�� bo in cft'ccG Lender will s�ccept,usc and retain these paymcnts as A loss reserva in lleu of mort�age insnrance. Loss rescrve
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