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<br /> . S. I�azasd or Pmpestg� I�un�c¢. Boreo�ver shall keep the improvemenu nvw e.Listing or hereafter erected ox� the �..; �
<br /> Fropeny insured seainst loss by fire, hazards included within tke term "eatended coverage" ar.d any other hazards, in�ludin�
<br /> � f�uads or flooding, for which Lender requires insuranoe.This ins�rarcce s�:a�l Ee m:iintained in the amounts and for the p�riods =
<br /> � that Lender requires.7'he insurance carrier providing the i+es-�rarzce shall be chosen bg• �orrower subject to Lender's xp}�roval .
<br /> which shull aat be unreasonably withheld. If Borrowet fails to maintain covera;e described abnve, Lettder may, at Lcader's
<br /> � option,obtain coverage to protect Leuder's rigt►ts in the Pso�erty in asxordar.ce wi�.h paragraph 7. '
<br /> �-� � All insurance policies artd renewais shall be accepta(sle to l.ender an� shall inciude a standard mortgage clause. L.ender <
<br /> shall have the right to hoid the policies and renewals. If Lender rquires, Borrov�er shali promptfy give to Leader all recei�ts of -
<br /> � paid premiums and renewal rtatices.[a the event of loss,6orro�aer sha!!gi�e prar=.pt r.ctice to the insurance carrier and Lender. �.i�
<br /> l.ender may make proof of loss if aot made promptly by Baerower. �'=`r
<br /> � Unless Lender and Bomawer othenxise agree in writin;,i:�sunrce prncer.�fs shall b€applied to res7oration or repair of the �''��-
<br /> � Pra�serry damaged, if the restoration or repair is economiu�lly feasibte acut Ler.,+�r s securiry is r.ot lesser►ed.If the restoration ot �+'
<br /> �� repuir is not econouucutly feasibie or Lender's security would be lessene�:,the insurance prooeeds shall 6e applied to the sums �,_�"�__�
<br /> ,;. secure� by this Scxurity Instrucnent, cvhether or rtot then due, with any excess paid to Borrower. If Burrower abandons the �;;�_
<br /> Pro e�t ,or dees not answer�vit4iin 30 da s a aotice from Ixnder that the insurance carrier has offered to settle a claim, then ��""
<br /> - F Y Y �::�:
<br /> Lender may collece the insurartce proceeds. Lender may use the pmceeds to repair or resiore the Property or to pay sums
<br /> secured by this Secvrity Instrument,whether or not then due.The 30�day periad will begin when the notice is given. �"
<br /> ` Untess Lender and Borrower otherwese agree in writing, any appl:cation of praexeds to psincipa! shalZ not exteed or �
<br /> postpone the due date of the mnnthly payments refened co in paragraphs 1 and 2 or change the amount of the payments•If �_ �
<br /> under paragraph 21 the Property is acquired by Lender.Horrower's right to any insuractce policies and proceeds resulting from �'=�
<br /> � � damage to the Propetty prior ta the acquisition slrall pass to I.ender to the extent of the sums secured by this Security Instrument �� �
<br /> � �';.. ,
<br /> ` 't immediately prior to the acquisition.
<br /> � 6.Qccupancy,Pceservation,Matntea�nnce and Protection of the Property; Borruvrer's Loan AppllratIon;Leasehold9. ��°
<br /> ' • Soaonrer shal!occupy,establish,and use the Properry as Borrower's principal residence withia sixty days after the exeruuon of =
<br /> this Security Iostrument and shall continue to accupy the Property as Borrower's principal residence for at least one year after �;�•-
<br /> the date of accupancy, unless Lender othervrise agrees in wridng,which consent shall not be unreasonably withheld.or unless '��' -
<br /> eatenuating circumstances exist which are beyond Eorrower s control. Borrower shall not desuoy, damage ar impair the
<br /> � Property,allow the Property to deteriorate, or commit waste on the Property. Bomnwer shall be in default if any forfeiture ��.•
<br />� � action or proceeding,whether civil or criminal.is begua that in I.eader's gaod faith judgment could result in forfeiture of the ��
<br /> • �Property or otherwise materiall}�impair the lien created by this Security Instrument or Lender s security interest.Borrower may
<br /> � cuie such a default and reinstnt�.,as proaided in paragraph 18,by causing the action or proce�eding to be dismissed with a raling
<br /> that, in Leader's gaast faith detezmination, preclades forfeiture of the Borrower's interest in the Property or other material �_
<br /> � impairment of the tien created by this Security Instrument or Lender s �curity interest.Borrower shall also be in default if
<br /> ' Bortower,during the loan applic�ation process, gave materially false or inaccurate information ot statements to Lender(or failed
<br /> . w pr.wide Lender with any muterial information)in connection with the loan evidenced by the I�ote,inciading,but nat iimited
<br /> �� to,representations conceming Bonower's occupancy of the Propetty as a principal residence.If this Se�vrity Instrument is on a ----
<br /> ' levehold. Borrower shall comply with all the provisions of the lease. If Borrower acquires fee ritle to the Property, the
<br /> teasehold and the fee title shall not merge unless Lender agm,es to the merger in wriung. __
<br /> �;:,�{; 7.Protection oY I.ender's Righis in the Property.If Borrower fails to perform the covenanu and agreemenu contained in ---
<br /> �' •,�•;;i, this Security Instrument, or:,tas�is a legal proceeding th3t may signifacantly affect Lender's righis in the Property (such as a `'_-
<br /> �+ proceeding in banlwptcy,pn��.r�!e.for wndemnation or forfeiture or to enforce laws or regularioa?; r;�.en lr.arder.�xay do and d---:_
<br /> pay for whatever�s n�ccss�y ea protect the value of the Property and Lender s rights in the Pra�ert;;. I..e^4c-x':•ur.f:r.rrs may.
<br /> • , inclttde paying.a,�x sums s9cured by a tien which has priority over tfiis Secwiry Inswment. ��earing ire o.:f.sc�t, �ayin�. --
<br /> ' � reasflnable a4toreeys'fces and entering on the PropeRy to mtilce repairs. ��r_':ough Lender may take action under t`�s aatagrapts.
<br /> . 7.I.ender does not have to do so. �;
<br /> • " Any amounts disbursed by l.endes under this parr.�^�aca 7 shall become additional debt of Borrower scc�u�d by this �_
<br /> Security Instrument.Unless Borrowcr and L.ender agree to other terms of paymem,these amounu shall bear int�st from the " "-
<br /> � date of disbursement at the Note rate and shall be payable, with interest. upon notire from Lender to Borrower requesting �.
<br /> .. � payment. , .
<br /> � .'• $.Morfgage Insuranse.If L.ender mquired mortgage insurance as a condition o"raking the loan secured by�.�t+:s Sesaritg+
<br /> I�s�cnunent. Borrower shall a the remiums uired to maintaln the mort a e ic�irr.:nce in effect. if. for au�� n:ason.the a����
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<br /> ' '` � mortgage insurance coverage required by Lender lapses or ceases to be in effect. Ba^T���uer shall pay th�premiur.:� required to �;,���";
<br /> obtain coverage s�sJ�stantially equivalent to the mortgage insurance preL'nc�:�y in effect. at a cost substantially equivatent to the
<br /> �� cost to Borroa-x�m!f the mortgage insurance previously in effect,fr�.�� Pr.altemate mortgage insurer appmved by Lender.if �-
<br /> se_bstantial{y equir.�rnt mortg�re insurance ooverage is nat a�ailable.Emrrower shzl[��r to l.ender each month a sum equal to —
<br /> . . c��acr•elfth of the yearty mo�,�ge insurunce premium baing prud by Forfower wheFe;he insurance coverage lapr�ai:c�r ceased to =___
<br /> be in effect. I.ender will aca�q.ccse and retuin these paym�ts as a loss zeserve in 1�.�v of mortga�e insurance. 3.ass reserve ��>
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