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<br /> 5. Ha7ard or Property insurance. Borro«�er ,hail keep the impmvements now existing or hereafter erected on the � , ` 'v' —
<br /> Property insured against loss b}• fire, hazards included within the term "extended cuverage" and any uther hae:ud+. including . �?���.�
<br /> floods or tlooding. far a�hich Lender requires insur.uice. This insurance�hall be maintained in the amounG,and for the periods � �
<br /> that Lender requires. The insurance carrier proviJ�ng the insurance�hall be cho�en by Borro�cer tiubject tu Lender'� appro�•:il • • . �
<br /> wfiich shall not be unrea�onably� withheld. If Borrower fails to main[ain co�•erage dexribed above. Lender may. st Lxnder'� +' }
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<br /> option,obtain coverage to protect l.ender's rights in the Propert}•in accordance w•ith paragraph 7. � . �
<br />-� All inwrance ���licies and renewals shall be a:ceptable to Lxnder:u�d shall include a standard murtgage clause. Lender ; . , •� •, � ~`,__
<br /> shall ha�•e the right to hold the policies anJ renewals. [f Ler�der requires. Borrower shall promptly give to Lxnder all re�;eipt�of �`�-`-'-�- T'�--�� �
<br /> paid premiutru and renewal notices.In the event of loss.Borroa•er shall give prompt notice to the insurance rarrier and i.ender. Q�"
<br /> Lender may make pruof of loss if not made promptly by Borrower. . . _ _ �
<br /> Unless Lender and Borrower otherwise agree in wriung, insurance pmceeds shall be applied to restaration or repair of the 5,�. . _�.
<br /> Propecry damaged,if the restoration or repair is econumically feasible and Lender's sec:urity is not lessened. If the restoration or ,-:�`�"�r .. ' '-
<br /> repair is not economically feasible or Lender's security would be lessened,the insurance proceeds shall be applied to the sums _ `���?'___ '
<br /> secured by this Security Instrument, whether or�ot then due, with any excess paid to Borrower. If Borrower abandons the ��5''�'�t:�-��-_
<br /> .:�:;.-.�__
<br /> Property, or does not answer within 30 days a nodce from Lender that the insurance carrier has offered ta setde a claim.then `''�'"'°�'""����:,'.__
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<br /> Ixnder may cof�w; �he insurance proceeds. I.ender may use the proceeds to repair or resrore the Properry or to pay sums _ --
<br /> sec;ure.�G�•this�:rity Instrument.whether or aot then due.The 30-day period will begin when the notice is given. ._ �,�{:',,�� - _ _��-
<br /> L'r_ess L:�i?� and Borrower othenvise agree in writing, any appiication of proceeds to principal shall not extend or t �•.�_`s:-:�
<br /> postpone the�c::d:;:x of the monthl}� paymenu refered to in paragraphs I and 2 or change the amount of the payments. I f �.���'��'. �--�+��rz_,�;.
<br /> under paragraph 21 the Property is acquired by Lender. Borrower's right to any insurance policies and proceeds resulting from , ;� '�'
<br /> �`�-`.
<br /> damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Se�:urity instrument ,� �
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<br /> immediately prior to the acquisition. ':k�==--. = -
<br /> 6.Occupancy,Pres2rvatIon,Maintenance and Protectic3�1 c.tie Praperty;�orrower's Loan Application;ff.a�seholds. � -.�:,,':�r �
<br /> • 'l' Boaower shall occupy,establish,and use[he Praperty as Borrower's pri-rpal residence within sixty days after the e��uuon of : _ _ ; � �`' �""�"'
<br />• this Security Instrument and shall mntinue to occupy the Property as Br.n'wer's Qrincipal residence f:>:-at least one year after ' `s .�.� '� �i�
<br /> the date of accupancy.unless Lender oihenvise agrees in�vriung, which consent shall not be unreasonab�y withheld, or unless '���• � _%;�'�.:�.�';
<br /> extenuating circumstances exist which are beyond Borrower's control. Borrower shall not destroy, uamage or impair the :., ,,;... . '�� ' .
<br /> Property. allow the Property to deteriurate, or commit waste on the Property. Borrower shall be in default if any forfeiture �' �;�!;-:. � . �;
<br /> action or proceeding. whether civil or criminal,is begun that in l.ender's good faith judgment wuld c�ss:lt in forfeiture of the - ,",'" ' � -
<br /> Property or othen.nse materially impair the lien created by this Security Instrument or Lender's securit} i�terest.Borrower may : . �-��;:;t$;�," =-
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<br /> � cure such a def�?z a-:d reinstate,as provided in paragraph 18,by causing Eh�action or praceeding to be dismissed with a nilina ' '���'•:' � ,, ,�;. : . ., ,
<br /> . that, in Lender's g�d faith determination, precludes forfeiteise of the 33ozower's interest in the Property or other materia: • .,. ' �'`'� " •
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<br /> impa�r.u-ient of the lien creata� Iay this Security (nstrutne�t or Lender's security intere�.. Borrawer shall also be 9n fl�fault if � S.r ., , � ;:l , �:
<br /> Borrower,during c'��loan applica.'i�n process,ga�e r�ztera3ly fal�e or inaccurate iuformation or statemenu to Ler.der(�r failed '4 � f � ` ��:-' � �
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<br /> to provide L,end.*H�-.h any material informati���in connecr.on with the loan evidenced by the Note,inzluding,bi:�not limited � .i,fd:�" �: ;':
<br /> • to,represent,tiaas ca�cerning Borrower's accupancy of the P:operty as a principal residence.If this S�c�,:rity lnstn^en:is on a '����� �'�'
<br /> leasehold, Borrower shall comply with all the provisi�ns o1'the lease. If Borrower acquires fee title to the P:o�erty, the � ��`='-�•�..�'
<br /> � ; leasehc•1d and the fee title shall not merge unless I.ender aga�.�s to the merger in writing. � ? ,
<br /> 7.Protecfion of Lender's Rights in the Property.If Be�rrower fails to perform the covenants and agreements coatained in �'�_� -.
<br /> this Security Ins�4sur=ient, or there is a legal proceeding that may significandy affect Lender's righu in the Property(such as a '` `�` ���,��=.:a•l'�.�v
<br /> � proceeding ia C*-�.rm..-�uptcy, probate, for condemnatian or forfeiture or to enforce laws or re�lations),then Lender may do and ' �e ' ��
<br /> pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. L.ender's actions may ,....�,._ _'__—_____ �
<br /> incle�e paying any sums secvred by a lien which has pa�rity over this Securiry Icjs?rument, appearing in court. payins •�; ; � �:
<br /> � � `.,.,.
<br /> ' reas�:.?�le attorneys' fees and entering on the Property to cn�ce repa+rs. Although Lender may take action nnder 2Lii+paragraph • . .
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<br /> 7.Lender dces not have to do so. •� �lrc;. ',. •.�..
<br /> '. My amounts disbursed by I.ender under this paraar���:� 7 shall become additional debt of Eorrower secured by this •�'�` '• '• __.
<br /> Security Instrument. Unless Borrower and Lender agree ts�other terms of payment, these amounu sha]2 bear intertst from the =•.--._
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