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<br /> �� 5. Hauird or Property Insuruncc. Burcuwcr shall kccp thc improvcmcntti no�v vxi,ting an c�reaftcr crcctcd on thc
<br /> Properry in,ured aguinst IQSS�ly �Ifl. hurtrdti inrludcJ within the tcrm "cxtcnded covcragc" and any othcr hur�irds. including
<br />, tlundti ur Il�w�ling, ior which�.ender rcquirc+insuruice.This insurance shall be maintuineJ in the amounts and f'or the periods
<br /> th;�t I..cuJcr rcyuir��. 'I'h� imurance carricr pru��iding the insurance shall be rh��sen hy Rnrrower�uhje�t to IAndcr':.approvul ,
<br /> � :,�:k �vhirh shull not be unrcu�onubly withhcld. If E3u�rower f�:ils to maintain coverage de+cribcd abuvc, L,endcr may. at Lendcr's
<br /> � uption.uMain ruvcra�e tn protect Lendcr's rights in thc Propertv in accordanee with puragraph 7. �_
<br /> ,;.�., All insurance polirics und renewuls shnll be acceptablc tn Lcndcr and shall includc a st:uidurd numgu�c clausc. Lcnder
<br /> • '��` shall have thc right to hold the poli�ics.uid renewuls. If l.cnder rcquires, Bc�rro�vcr shall promptly givc to Lender all rcceipts of
<br /> , paid premiums and renewul nuticrs. [n the event of'lass,Borrower shull �;ive prompt nutice to the insurance carrier and Lender,
<br /> - I.cndcr may mukc pronF of loss if not madc promptly by Borro�ver.
<br /> Unless Lender and Borrower otherwisc agrcc in wiiting,insurance pruceeds shaU bc applied to restaration or repair of the
<br /> Property damaged,if the restoration or repair is eronornicaUy feasible and Lender's securiry is not Iessened. If the restora4on or
<br /> jrepair is not economically feasible nr L.ender's security�vould bc Iessened,the insurance proceeds shull be applied to the sums —
<br /> secured by this Securiry Instrument, whether or not then due, witlt any excess paid to Borrower. If[iorro�ser abandons the
<br /> � Property, or does not:uiswer within 30 days a notice from I.ender that the insurance c:arrier has afferecf to settle a claim, dien
<br /> �`.. � Lender may collect the insurance proceeds. Lender rnay use the proceeds ro repair or restore the Property or to pay sums
<br /> . . secured by this Securiry Instrument,whether or not then due.The 30-duy period�vili begin when th�nulice is given. -
<br /> • . Unless Lender and Borruwer otherwixe agree in writing, any application of proceeds to principal shall not extend or
<br /> ' postpanc thc duc datc of thc monthly payments rcfcrred t��in paragraphs 1 and 2 or changc the amount of the payments. If _
<br /> .. .� . under psrugraph 21 the Property is acquired by L.ender,eorruwer's right to any insuraoce policies and pruceeds resul[ing from —
<br /> � damuge to the Property prior to the acquisition shall p:;ss to I�ender to the extent of the sums secured by this 5ecurity Instrument
<br /> ;•.., . , e` immediately prior to the ucyuisition.
<br /> • � 6.OccupAncy, Preservntiun. Muintenance and Protectton oY the Properry;Bmrro�vee�'s Loan Applicatlon;Leaset�olds. _.
<br /> u,-�• �-N Borro+ver shal! occupy,establish,and use the Property as Bnrrnwer's principal residence within sixty days after the execution of
<br /> s�':`�'` i this Security Instrument and shall continue to occupy the Property�s Borrower's principal residence for at least one year after —
<br /> � °�' ••vs: the date of occupancy,unless L.ender otherwise agrees in writing,which consent shaU not be unreasonably withheld,or unless
<br /> � � , � extenuating circumstances exist which are beyond E3orrower's control. Borrower shall not destroy, damage or impair the
<br /> »�:�,,. � �raperty, aiiow tne rropeny to deteriora[e, or commi[wasce on�ne Properiy. Su�wwci ai�ait uc �r� d�fauli �;uny f�r:'eituse -
<br /> __,�'N�n.
<br /> .-.�,, � action or proceedins,whether civil or criminal. is begun that in Lender's good faith judgment could result in forfeiture of the
<br /> ��nihlY
<br /> _�:___���� Property or otherwise materially impair the lien creat.°.d by this Security Instrument or Lender's security interest. Borrower may
<br /> :.':, ,_._:•
<br /> cure such a Jefault and reinstate,as provided in para�raph 18,by causing the lciion or proceeding to be dismissed with a ruling
<br /> �m__;�,�� ehnt, in Lender's good faith determination, precludes forfeiture of thc Borrower's interest in the Propeny or other material
<br /> --�-�� impairment of the lien created by this Security Instrument or l,ender's security interest. Horrower shall also be in default if
<br />---�-°��L�� Borrower,during the loen application process,�ave marerially false or inaccurdte information or statements to Lender(or failed
<br /> -�� , to pmvide l.ender with any material infmmation)in cc�nnection with the loan evidenced by the Note, including,but not limited
<br /> __:-_� to,representations concerning Aorrower's occupancy of the Property As a principal msidence. If this Security Instrument is on n
<br /> �_ -��; leasehold. Bonower shall comply with aU the provisions of the lease. If Borrower acquires fee title to the Property, the
<br /> ::�:�' leasehold and the fec title shall not mc�ge unlcss Lcnder ngrees to the merger in writing.
<br /> _�"-''°�� 7.Protection of Lender's Rights in the Property.If Borcower fails w perform the mvenants and agreements contained in
<br /> -- this Security Instrutnent. or there is a legal proceedin�that may si�nificantly affect Lender's rights in the Property (such as a
<br /> ---�� proc:eetling in bankruptcy, probate, for candemnation or forfeiture or to enforce laws or regulatians), then Lender may do nnd
<br /> ---°�Y�m-- pay for whutever is necessary to protect the value of the Propeny and Lender's rights in the Property. L.ender's actions may
<br /> i�xlude payin� any sums secured by a lien which has priority over this Security Instrument, appearing in coun, paying
<br /> - ---� reasonab'.�attorneys'fees and entering on the Property to malce repairs. Aldiough Lender may G�lce aetion under this parAgraph
<br /> _ - _°--- 7,Lender does not have tv do so.
<br /> -- A.ny amounts disbu�ed by Lender under this para�iaph 7 shall become additionul debt of Bonower secured by this
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