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<br /> . � ' S, Haaesd or Proge�ty Iasnn�nce. Borrower shaU keep the improvements now existing or hereafter erected on the ' . . � ,
<br /> .;.' �. .. _ Propeny insured against loss by fire.hazards included within the terro "extended coverage"and any o[her harards. includin� . Y. ,�.:'`:.`
<br /> `• • . floads or flaoding.for wtucb Lender requims insuranc�e. This insurance shall be maintained in the amaunu and far t[ie periods CO -=r ' .•��.
<br /> ; ' • . � th2t Lender requires. The insuiance razrier providing the insurance shaEi be chosen by Borrower subject to Leader's approval� `.�•F `•
<br /> • ,:::-�.`, which shall not be unreasonably withheld. lf Borrower faits to maintain coverage described above. Lender may,at l.ender's� �.
<br /> �-�""""'�' option,obtain coverage to proteet Leader's dghts in the Property in accordance with paragraph 7. � `�
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<br /> � , •All ���+�*.+Rce policies and renewals.shati be acceptable tn Lender and st�ali inctude a stas�datd mortgage clause. l,endes�
<br /> ' f�� shafl have the right to hold the poliries and renewals.If Lender cequires.Borrower shall promptiy give to I.ender all receipts o�
<br /> " - •` ` " paid premiums and renewal nodces. In the event of toss,Borrower shall giee prompt notice ta the insurance rarrier and Lender.� . .
<br /> � � L.ender may make pmof of loss if not made promptly by Borr+»ver. � `: ',
<br /> - • -��`-, Unless I.ender and Borrower oiherwise agne ia writing, insurance pmceeds shall be applied to restoration or repair of the • --- �%":��
<br /> , ` Property daznaged if the restoration or repair is economirafiy feasible and Lender's security is not lessened.If the nstaration or �_�.;`_-
<br /> ' repair is not eeonomicalty feasible or Lender s securiry would be tessened,the ins�*a�proceeds shall be applied to the sums ;�����'''
<br /> � . secured by this Security I�tn�ment,whether or not then d�te,with any excess paid to Borrower. If Borrower abandoas the _ ;;�,:'�--�=-
<br /> :;`� '... �, ,. _.'-�,� ProPerty.or does not answer witfun 30 days a norice from Lender that the insurance carrier has offered to setde a ctaim,then ,. —
<br /> , . • Lender may collect the insurance proceeds. 1.ender may use the proceeds to repair or restore the ProPerty or to pay sums ,
<br /> � � � secured by this Security Irtstrument,whether or not then due.The 3�day periad wil!begin when the notice is given. ::� ;F.��:
<br /> _� '_;z Unless Lender and Borro�ver otherwise agree in writing. any application of proceeds to principal shall not emead or , "
<br /> � . postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or c6ange the amount of the payments. If ` �-�•'_-
<br /> � ` under paragraph 21 the Property is acquired by L.ender. Borrower s rig[it to any insurance policies and proceeds resulting from __
<br /> -• •_ _ -�=_:� damage to the Property prior to the acqtjisidon shall pass to Lender to the extent of th�svms secured by this Securiry In�tiumeni ��:;�..;`,',�-��
<br /> . . _ immediately ptior to the acquisirion. �'`
<br /> � : 6.Occupancy,Preservatlon, Matntenartce and Protedlon of the Property;Borrower's Loan ApplicaHon;Leaseholds. � •. ��=
<br /> � ' ' ' • Borrower shall accupy.establish,and use the Property as Borrower s principal residence within sixty days after the execu6on of . `�._�;�:�-:_:�
<br /> �, this Security Instrument and shall oontinue to accupy the Property as Boaower's principal tesidence for at least one year after ' ' �• � r
<br /> �� �.
<br /> .- the date uf occupancy,untess Lender otherwise agecs in writing, which consent shali not be unreasonably withheld. ar unless ��s.,
<br />�f� � extenuating circumstances exist which aze beyond Borrower's wntrol. Borrower shall not destroy, daruage or impair the ,� _�
<br /> - °� � - Pro allaw the ro deteriorate, or commit was-[e on the Property. Borrower shall be in default if any forfeitur�e "�''u` -
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