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<br /> _ S. Na�rd or Property Incuranc�e. Borrower shell kap the impravementa now existing or hereafter erec�ed on �he
<br /> �`' Property insurccl against loss 6y firc, hsuurds includod within the tetm"extended coverage'and any other luvardc,including
<br /> tl�wds or flcxiding,for which l.cnder rcyuires insurnnce.Thix insuranr.e xhall bc mninwinod in thc wnountc and Por the periads
<br /> ,'e, - [hut Lencler rcyuires. lhe msurance camer providmg the �nsurance sh�ll t►e chosen by dorrower sub�eCt to Lender's upproval
<br /> �4� whirh shi+ll not hc unreaumnbly withhclJ. 11'9urrawcr Puils to maintAin caverAge Jescribed ubove. Lender m�y, m Lcnder's
<br /> ` option,abtein caveruge ta protect Lender's�fghts in the Property in Accarda�ce wlth pAragraph 7.
<br /> ;6��.,�.;,, All insurance palicieg and renewals shall be acceptable to I.ender und whall include u stundnrd mortgage clauce. Lender r
<br /> - , i a6ull have the rigl�t tu huld�he pulicieti u�Kl renewul�. U l.e�dcr�eyuires,Borruwcr vhull pr�anptly give�u[xuJer all reixipts uf
<br /> -� pald premiums und renewal notices.[n the event of loss,Borrower shall give prompt notice to the insurance caMer and [.ender.
<br /> L.ender may make praaf af lass if not mndc promptly by Borrower.
<br /> _ _ _ "" �� Unless L.ender and Horrower otherwise agree in wriling,inaurance praceods shall be applied to restomtion or mpair of�he
<br /> — •.��° �! PropeKy darrmged,if the restarn�ion or repair is economlcally feasible and[.ender's security is not lessened.If the res�ora�ion or �
<br /> �_a���� repair is not economically feasible or Lender's sixurity would be lessenod, the inxurunce praceeds shall be upplied tn tiu sums
<br /> :y���:=_• ,.� s;exurcx! by this Securfty L�.titrument, whetl�er or not then due, wfd�any �xcess puiJ tu BuRUwer. If Born�wer ubundons the
<br /> "�"��V`__�„� Property,or daes not anawer within 30 doys n notice from Lender that the insurnnce cartier has offered to settle a daim. then
<br /> - --==- — - i.ender may collect the insurunce proceeds, l.ender may use the proceeda to repnir ar restore the Propeny ur lo pay sumr;
<br /> —�::;=�--•�^!-�i secured by this Securiry Instrument,whether or not then�ue.The 30-day period wlll begin when the notice ia given.
<br /> —�.='"��-�i Unless I.ender and Borrawer otherwise agrec in writing, any application of proceeds to priocipul shall not extend or
<br /> — postpone the due date of the monthly payments referred to in parngmphs 1 and 2 or chonga the c+mauttt of the payments. If
<br />__ ���J,`T�v��I under paragraph 21 the Properiy is acquired by l.ender.Borrower's tight to�u�y insurance palicies und praceeds resulting from _
<br /> __ --_��4� damagc ro the Property prior to the acquieition shall ps�ss to Lender ta the extent of the sums secured by thia Securlty Inswment
<br /> ='���,�;;�,�,r�� immediately prior tu the acquisition.
<br /> - �� r�"�"°'��,�'"i� b.Occupancy,Preservation,Maintenance and Protectbn of the Property;Borrower's LoAn AppBcAtion; Leaseholda. --
<br /> '_� •'� : , . � Borrower shull accupy,estnblish,and use the Propeny as Borrower's principal msidence within sixry duya after the execution oF
<br /> -� .,,, � , y" ►.his Security Instrument and shall continue to occupy the Properly ar Borrower's principul residence for at IeASt one yeur after
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<br /> ,.� ;�� the data of occupancy,unless I.ender otherwise agrees in writi�g, which consent shall nd be unreasonably withheld,or unless
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<br /> � � extenuating circumstances exist which are beyond Borrower's control. Borcower shs�ll not destroy, damage or impair the
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<br /> _ ^�.�"�,-{.�••;. • Property, allow the Property to deteriarate, or commit waste on the Property. Borrower shall he in defuult if any for(eiture
<br /> �� -,�.�• •}' ` ';� action or proceeding. whether civil or criminal, is begun that in L.ender's goad faith judgroent could result in forfeiture of the
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<br /> __ ...,�. ,. . Property or othervvfse materiully impair the lien crented by this Security Instrument or Lender's seruriry interest. Borrower may
<br />____�� ;,��,�.�� cure such a default and reinstate,s�s provide�io paragraph 18,by causing the actian ar pracc.,eding to be dismfssad wi�h a niting
<br /> J �_-�y��s�-`�����'-�� that, in L.ender's good faith determination, precludex forf'eiwrc of the Borrower's interest in tl�c Property or other materiel
<br /> - .. ��'A _� impairment of the lien cresited by this Security Instrument or l.ender's�ecurity interest. Borrower shall also be in defnult if
<br /> ��"n4�' �`' ' ` Borrower,durin the loan u licatiun rocess, ave muteriull fulse or inaccurnte infomwtion or stutements to Lender(or fuiled
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<br /> to rovide L.ender with nn material informatioo)in connection with the loun evidencod b the Note. includin ,but no[ limitad
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<br /> , �..o . to,representations conccrning Boirower's c�ccupancy of the Propeny as a principal residencc.If this Security Instrumcnt is on u
<br /> .�r • ��?'_ ' leusehold. Bonower shull comply with uU the provisions of the lease. If Borrower acquires fee title to the Property. the
<br /> , leasehald and the fee tide tihall not merge unless[.cnder agrces tu the merger in writing.
<br /> - • ':� , ' 7.Protectlon of I.ender's Rlghts in the Pr►perty.lf Borcower fails to perfbrm the cavenunts und agreements cantuined in
<br /> this Security Instrument, or there is a legul praceeding Ihnt muy sfgniticnntly uffect Lender's rights in the Property I�uch as a -"`
<br /> - ,��;,,.;:�,: praceeding in bnnkrup�cy, probate, fi►r condemnution or forfeiture or to enforce laws or reguletions), �hen I.ender muy do wid =
<br />_ - - ,"°�""'',".�.�,'" ' puy for whatever �s necessury lo pmtect Ihe vulue of the Pniperty und I.ender's rights in thc Property. l.cndcr's ucuons rrwy "
<br />_.�= ' " include paying uny sums u�ured by a lien which has priority uver �his Security lnstrument, uppeuring in cuurt, paying —
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<br /> ,•t:,•.. y".• . rensonuble nttorneys' fces and entaring on thc Property to�nake rcpairs. Although L.ender msiy take ac�ion undcr this paragraph
<br /> -- =��•. �" , 7.I.ender dces not have to do so.
<br /> Any nmounts disbursed by L.ender under this parugruph 7 shull became udJitionul debt ��f Borniwer secured by this
<br />� V � �'' Security Instrument. Unless eorrowcr und Lender agrce�o ahcr tcrms of payment, �hcse amounts shull bear interest Pmm thc
<br />: `' b '� '"` dAte of disbursement at the Note rate and shall 6e payablc, with intcrest, up�in notice from l.ender to Borrowcr requesting —"-
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<br /> ��.. ��.�t� S.Mortgpge InsurAnee. If L.ender required mangage insurance as a condition uf making the loan secured by this Security
<br /> "' , instrument, &►rrower shall puy thc premiums required ro muintain the mongagc intiurance in effect. If, for any reason, the
<br /> y;��" ' mortgage insurnncc rovcrngc required by I.ender lapxes or rcascs to bc in efl'crt,13urruwcr.rhall pay the prcmiums rcquired to —
<br /> .. ` oMnin caveruge substuntiully eyuivalent to the mon�uge insurancc previ�wxly in el'fi�t, ut a rost �ubswntially eyuivulent to the
<br /> ,; �, • cost to Borrower uf the mortguge insurance previously in effect, fr�im an ulternate nxm�uge inwrer•rppruved by I.ender. If —
<br /> � � substttntiully equivulent mongage insuruncc rovera�;e is niK availuble. B�miiwcr.hall p•ry to I.�nder rsKh month u,wn equ.�l lo p��
<br /> one-twelfth of the ycurly mnngugc insuranrc premium txin�:paiJ hy Borrower w•hen thc intiurvncr roverage lapsal �r reascd to F`-
<br /> be in eff'ect. L.ender will accept,use unJ retuin thc,e nuynxntti a, a loss rcscrvc in licu ot' ni�mguFe insurunc�. l�is, reserve �'
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