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„ �1 _ w4,�,� � ,''�i . . ' ....�.s� ie'�• I „ ..y... . � j.: . , I � I • � 5.Ha•rard or Property Insurance. Borrowcr shall kccp thc imprpvcmcnGs now existing on c�rcaftcr crected on thc Propeay _ � insured against loss by fire. hazacds included wlthin the term"extended coverage” and any other hazards, including floods or _ tlooding,for which Lender requires insurance.This insurance shall be maintained in the amounu and for the periods that L,ender requires.The unsurance carrler providing the insurance shell bc chosen by Borrower subject to I.ender's approval which shali not(p - be unreasanably withheld. If Boaower fuils to maintaln coverage de�crlbed above, l.ender may, at Lcnder's option, abtain OQ ,_` ... wverage to protect Lsnder's rights in the Praperty in accordattce wlih paragraph 7. � - "' AU insurance pollcies and renewals shall be acccptablo to Lender and shall include a standerd mortgage clause. Lender shall ri ° '�� have the right m hold the poGcies and renewals.If L.ender requires,Borrower shnll prompdy give to Lender all receipts of paid C� _'�_ premiums and renewal nodces.In thc event of loss,Borrower shall give prompt noUCe to the insurancc carricr and Lcnder.Lendcr N -_ may meke proof of loss if not made promptly by Borrowcr. � •. ,�;;;;=�� Unless Lender and Boaower otherwise agree in wridng,lnsivance procecds shall be applied to restoration or repair of ihe -. Pruperty damaged. if the restoration or repair is economic�+lly feasible and I.ender's security is not lessened.If the restoradon or � ' = repair is not�c;onomically feasible or Lender's security would be I�ssened,the insurance proceeds sh�ll be applied to thc sums secured by this SecurFty Instr�ment, whether or not then due, with any excess paid to Borrower. If Borrower abandons the �' Property,or does not answer withfn 30 days a notice from I.ender that the insurance carrier has offered to settle a claim,then �`.". ; r Lender may coUect the insurance proceeds.Lender may use the proceeds tc�repair or restore the Property or to pay sums secured by this Security Instrument,whether or not then due.The 30-day period will begin when the notice is given. + '� �� Unless L.ender and Borrower othenvisc agree in writing,any applicadon of proceeds to principal shall not extend or postponc =!"� '�' :__N�-,:. thc due datc of the monthly payments rcferred to in paragraphs 1 and 2 or change the amount of the payments.If under paragraph �. - ' .. 21 the Pcoperty is acquired by Lender, Borrower's right to any insurance policies and proceeds resuldng from damage to ihe ;-�" Property prinr w the acquisition shall pass w Lender to the extent of the sums sccurcd by this Sccurity Instrument immediatcly ``'{�?�`_ :� --- prior to the acquisition. �:�;T� �;. 6.Occupstncy,Preservatian,Maintenence and Protectioa of the Property; Borrower's Loan Application;Leaseholds. ,s,;c•.;,_,� ' Borrower shall occupy,establish,and use the Property as Borrower's principal residence within sixty days after the execution of ` ;?��•:��_- this Securiry Instrument and shall continnue w occupy the Property es Borrower's prIncipal residence for at least one year after the �:,�� '� date of occupancy,unless I.ender otherwise agrees in wrtting. which consent shall not be unreasonebly withheld, or unless �;� _ �,�trn��p�im��mewnce.c exist which are beyond Borrower's control.Borrower shall not destroy,damage or impair the Property. �'-= — allow the Property to deteriorate, or commit waste on ihe Property. Borrower shall be in default If any forfeiture acdon or =__ _,_ procceding,whether civil or criminal,is begun that in L.ender's gaad faith judgment could result in forfelpue af the Property or ___ _ _— othenvise materially lmpair the lien created by th�s Securiry Instrument or Lender's securiry interesG Bonower may cure such a = -- -- defaWt and reinstate,as provided in paragraph 18,by cnusing the acuon or proceeding to be dismissed with a ruling that,in � �� L.ender's good faith determination,prccludes forfeiture of the Borrower's interest tn the Property or other material impsiirment of ��.-