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<br /> • 5. Hwzard or Prope�ty Insw'ance• Bor*awer Eliall keep d�e in�proveu�etus iww existing ur liereafter erect�J on d�e
<br /> Property insured��gait�,t In�s by fire. hazards included wtti�in tiie tenn "eatended cavernge" and any other hazards, including
<br /> floods or tlooding� for whicte l.ender cequiees insurance. 'ihis insurance shall i�c u�ai►►txiued iti tiie a,-nounts und foe tl�e p�tto�s
<br /> � thut Leuder requires.The insucance carder providing the insuratx;e shall lr cliosen by 9onower subject to Lender's approval �
<br /> which shall not be unreasoaably withl�eld. If Bonower fails to malntain cov�rage described above. Lender may, at Lender's
<br /> - opdou,abtain coverage to protect Lend�r's dglits in the Property in accordaurx with paragraph 7.
<br /> All i�surnnce policies and renewils shalt be acceptable to Le�xler and shall include a standard mongage clause. Lencl�r ,
<br /> sbAll uave the dght to hold the policies aad renewals.lf l.eixier requires.Boraower sliall}�rampdy give ta Lender all receipts of .�_
<br /> paid�remiwns sud conewtil nodces.In t�e eveat af loss. Bonower shali give�mmpt uv�+ce co the insurance carricr anc1l.�.n3er. �.,`
<br /> Lendcr ivay make proof of lor,s if not made prompdy by Horrower. �,,s
<br /> • Uriless Lender and Horrower otl�envise agree in writing,Insurance proceeds siiall be applied to nstoratian ar repair of the •,
<br /> Property damagal. if the rescoration ar repair is econoaucally feasible and Lender's securlty is not tessened.If�he restoration or ��'q'
<br /> r�pair is not ecotwmically feusible or[.endcr's securiry would be les.�eaed,the iasvrance pmceeds shall be applied to the swus -�:i
<br /> ' sec�ued by this Securlty Inst�nzeut, whether or not then due, with any excess paid to Borrower. If Bonrower abaudons the �,1
<br /> � � Pro�wrty,or das not n�wer within 30 days a nodce from L.ender that the insurance carrier has offered ro sett1P a clai�n,then
<br /> l,.eader may wllect tiie iusvrance proceeds. Lender may use the proceeds to npair or restore the Property or to pay s�ms ��_
<br /> "' secum.d by tlus Security Insuun�ent,w6ether or not then due.'11�e 30-day period will begin when the nodce Ls 8iven. -: -
<br /> Unless I.ender and Bonower otherwise agree ia writing, ar�y applIcadon of pmcceds to princip�l shaU not extend or
<br /> "�` postpone the due date of tLe monthly paymea�ts teferred to in paragr�phs 1 aad 2 or change the amouut of the gayments.If under '`
<br /> paragraph 21 ths Ptoperty is acquiced by Letxler. Bormwer's right to any insura�ce policies and proceeds re�vltin8 frnnt �;"'�'
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<br /> �''��� damage to tha Propeny prlor to the acquisidon s6a11 pass to Lender to the extent of the sums seaureet by tl�is Security lnsuu�r�ent '
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<br /> ,;.'::� � immediately prior to the acquisidon. �`==
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<br /> -...;,- b.pccuPuticy,preservation,Malntenanoe and Protedton of tl�e Property;Borrower's lAan Applicatlon;I.easeholds.
<br /> ;�'. .,��; Boaower shall occupy,establish,and use the Property as Borrower's principal residence wlthin sixty dxys after the execudon of �°-
<br /> � this Security Iastn�ment aud sl�all contiinue ro accupy the Property as B�rrower's priacipal residence for at least une yeu aRer �'=_
<br /> " � the date of occunancv.unless Len�l�r ot�erwise agras i.n wridng. wlrich coa5ent shaU not be unnasonably wIthheld,or unless __
<br /> :�fµ"'" ext�auating circumstan��s exist which are beyoad Borrower's control. aunow�er shall not destroy. damage or impair ttw
<br /> :���'n pronerty, aLi{uw the Propeny to deteriorate, or conw�f wastc on �e Proper2y. Botrower ahall t�e in default if any fotfeiture � --
<br /> '-=^•�'���}," acdon ar proceeding,w�ether civil or criminal,is begun that in L.ender's good faith judgment could result in forf�iture of the
<br /> .` t° � Property or otheiwise m��ially unpair the lien creaud by this Securlty Iastiument or Lender's szcurity inte.oest. Borrower maY _;
<br /> '-'�=' cuce such a default and r.�.insmte,as provided in par�graPh 18,by causing the acdon or praceeding to be disuilssecl whh a nilin8 !�'
<br />=�=�'����;:t'�'� that, iu Lender's gaal faith detemvin�don, precludes forfeiture of tl�e Borrower's interest�n ths Propexty or other materl�l
<br /> �u�"'''�` ir�paim�eni of thc lien cneated by this Sccurity Insuument or Lender's security intenst. Borrower s�U also be in default if
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<br /> -_�;:;� , Borrower�during the loan appllcation process, 8ave materially faLse or inaccurate informatioa or stauments to I�nder(or failed
<br /> _ ,.•,� to proyide Lender with any materlal informadon)in connectton with the loan evidenced by the Note,including,but noi limited
<br /> __--_ ° to,cepresentadons w��ning Bonower's occugancy of the Property as�principal residence.If this Secur�ty Instiument is an a
<br /> ' lessehold, Borrower shall comply with all tLe provisions of the tease. If Borrower acquin:s fee atle to the Pcoperty, the
<br /> __ =_� • irasehald and the fee dtle shall mt�e unlcss I.ender agrees to tt►e mcrgu in wcldng.
<br /> —� • 7.Protoctton o[I.ender's 1(86�ks bn the Propaty.If Bnnower fnils to perfo:m�he covenants and agreemencs concained in
<br /> � ., this Security Instiuwent,or�are is a 1e8�P��S that may s3gnificandy affcct Leader's dghGS in the Fm�ertY(such as a
<br /> procealing in banlaupx9,probate, for condemnation mr forfeitore or to enfon�e l�ws or reguLadons).theu S.ender may do and
<br /> --- ' pay for whatever is necessuy to prateci the value of tha Property and Lender's right�in the Property. LeodGr's acdons may
<br /> ''"�`�� ' i�lude P�►9�& �Y s� secuted by a lien which has prloriry aver this Security Instnunent. appearing in court, PaYlag
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