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<br /> S. !�lat�rd or PropeKy Insurunre. Buttawer +hall keep ihr impruvrmcnt. nu�c e��+ung ur Irerratirr rrccted on the + `.�'_ `
<br /> Prnprrty in�urt�i agaim[ lo.+ by fier. h:a:udti inrluJrd withir, thc trnn 'cctcnd�d co�cragc" anJ any uthrr h�u.�rd+. including „ ' '�. ���,
<br /> (lnud.��r tl�a�Jing. fur whsch I.�nder reyuirc+ intiur�nrc. Th�, �ntiur.►nrr+hall he n�mtain,Yi m thr�muunts and for the periuJs • ' .; .
<br /> ' that [.cnder requin.. Ttir irouren��c carr�tr praviding the iasur.�ncr �huU br�hu�en hy Horrut�er wb�ert tu L.eruicr'�approval , �..x.
<br /> • �vh�ch �hall rtnt be unrw.�on:ibly �cithheld. If Borrower f:�il�tu ms�ntain ru�•erage de.rribtJ abuve. [.ender may,at L.ender's , -
<br />_ option.obtain coverage to protcrt lxnder's rights in the Property in acronianceµ�ith paragraph 7. :� --. :.-
<br />— All insurance poGcies and renewal�shall be acceptable to Lendrr mid ,tisll inc{ude a star�dard murtgage dause. Leader _ - ..--- - __
<br /> shall have the right to hold the policies and renewsls. If Lender requires.Barrower sfiall promptly give io Lxnder all receipts af . • �
<br /> paid premiums and renewal notices. [n the event uf loss. Borrower,hall give pmmpt notice to the insurance carrier and Lender. -�---•�,r��;. :��
<br /> �_ -
<br />. Lender may malce proof of loss if not made promptly by Borrower. ------��� ••
<br /> Unless L.ender and Borrower otherwise agree in writing, insurance proceeds shall be applied to resturauon or repair of the - ' : ' '�,•:�::;�r ,
<br /> Property damaged.if the restoration or repair is economically feayible and lxnder's se�urity is not lessened. If the restoration or ,=.�4�`".';,���4 '
<br /> � ; '%,�''`"tR:�' '� -
<br /> � repair is not economically feasible or Lendcr's security would be lessened. the insurance proceeds ahall be applied to the sums t • �.. .�r�.�r-
<br /> ' secured by[his Security instrument, whether or not then due, with any excess paid to Barrower. If Borrower abandons the � .'. �,'„`'<�=:::% _
<br /> � ....
<br /> �4 Property, or does not answer within 30 days a noUCe fsom Lender that the insurattce carrier has offered to sett[e a claisn, then �?�:;^ i �c, �..m -
<br /> Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums �7�°��'�'���:._��'
<br /> �.._
<br /> •.; s�cured by this Security Inswment,whether or not then due.The 30-day period will begin when the notice is givea �'"' � �'"�� � -' "� �
<br /> �• 'i�Yi.'t1i�d:.-�'r.--..__
<br /> Untess Lender and Borrower othenvise a ir. �citin am• ao lication of roceeds to nnci al shall not extend ar �•�`
<br /> r -_�.�
<br /> 8� g• P p P P ;� . ,.,r-� �:.
<br /> os one the d�e date of the monthl a ments refe��� :o in ara=..� hs 1 and_ or chan e the amount of the ments. If • ��". �: _�
<br /> p tp Y p Y P `"`� � g PaY .:�.. . . t �..
<br /> '�.�'�; r� ,. -, �
<br /> under paragraph 21 the Peogerty is acquired by Lea�er. �5,�rrower's right to any insurance policies and praceeds resulting from .s�;; : ; r�,w��:.":ra°'�;;� �._.
<br /> dama e to the Pro rt riur to the ae uisition shafi 3ss to Lender to the extent of��sums secured b this Securi Instrument � ' ., `-'�'�,�c.,:
<br /> . g Pe Y P q � Y tY �s,,:.��:,.�,� -.^�.•.�.�'�=
<br /> �t�, immediately prior to the acquisition. ,Y� - �,,, �� w r�irn:a�-
<br /> :;� 6.Occapancy�Prf5CIV8tI0A��..a'L��+T'=�i'f fltld Protectton of the Property;L3orrower's Loan Applfcation;Leasehulds. ���� ��`` `�.c�;�, �
<br /> ;� Borrower shall occupy,establish,and use��'r��perty as Borrower's principal residence within sixty days after the execattion of : ,,a��`', �"� `
<br /> ���lh ' �
<br /> y`{ this Securi lnstrument and shall continse to occu the Pro e as Borrower's rinci al residence far at teast one ear after ;',� f . , ," �`: ""
<br />:Y.,T ty � PY P nY P P y . .��:,�}''"' y� �.
<br /> .- the date of occupancy. unless Lender ouierwise agrees in writing,which consent shall not be unreasonably withheld, or unless .1','�, f'E`—�`" �
<br /> •; extenuating circumstances exist which are beyond Borrower's control. Borrower shall not destroy, damage qr impair the ,.i�. ` �° `
<br /> `'`' P r e p e rt y, a l l o w t h e P r o p e r ty t o d e t e r i�r a c e, or c ornmi t waste on the Pro pe r ty. Borrower shall be in default if an y forfeiture �`�T�� t : ,
<br />..,�r���. r.��,'� �' ' l,Tl..'';.-`.
<br /> acuan or proceeding, whether civil or criminal,is b�un that in Lender's good faith judgment could result in forfeiture of the �;�;, �
<br />'•��,;•. Property or otherwise matereal4y imQair[i`ie iien created by this Security Instrument or Lender's security interest.Borrower may '.>i,•�?.�-•�
<br /> � cure such a default and reinstace,as provided in paragraph 18, by causing the action or proceeding to be dismissed with a ruling
<br /> ��f that, in L.ender's goad faith detertnination, precludes forfeiture of the Borrower's interest in the Property or other material
<br /> '�• impairment of the lien created by this Security Instrument or Lender's security interest. Bor�ower shall also be in default if ��1 —
<br /> : ' `` '• _
<br /> Boaower,during the loan applicapon process,gave materially false or inaccurate information or statemenu to Lender(or failed •�� :� `-
<br /> ;� � to provide Lender with any material information�in connection with the loan Qvidenced by the Note,including.bat not limited
<br /> ., to,re resentations conceming�orrower's occupancy of the Property ac a principal residence. If this Security I�sttument is on a �•:'^'
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<br /> �!� leasehold, Borrower shall comply with all the provisions of the lea�e. If Borrower acquires fee title to the Property, the �����:
<br /> : � . leasehold and the fee title shall not merge unless Lender agrees to che merger in writing. . .�, —
<br /> .}, 7.Protection of Lender's Rtglnts tu the Property.If Borrower fails to perform the covenanu and agreements contained in ' i •�.�__ _
<br /> �•�. this Securiry Instrument,or there is a legal proceeding that may si�nificandy affect Lender's rights in the I'roperty (such as a �� `.. •--
<br /> �F� proceeding in bankruptcy,probate, for wndemnation or forfeiture or to enforce laws or regulations),then Lender may do and
<br /> �"�Il�':::_.�'"_
<br /> pay for whatever is necesszry to pratect the value of the Property and Lender's rights in the Property. Lender's actions may -
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