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<br /> . c<. '� 4 �� 5.9a�ard or Praperty Ins�rauce. Borcower shall keep tt�impmv�now existiug or hereafter erected on We Prope�ty � < < � . , a
<br /> � � .� in,�u+ed against iass by fue, haaardc incIuded within the teim 'e�ended coverage' and a�r other Oazatds. incfiding flaods or . , , ,
<br /> • ' ` � tlood'mg.for which I.ender requires ianuance.'fhis ia�uance shall be maintained m the amo�mis and for the periods tLat l.eadet . � .< � ,. . .
<br /> . . , requires.The insviance c�rrier providing the insttran�shall be chosen by Bormwer satrject m Leader's approval wtuch sha[1 n�t ' ,
<br /> � �" 6e unreasonably widil�eid. If Bocrower fa7s to mamtam caverage descdbed above, [.ender may, at Lender's oprion, obtain
<br /> . • coverage to pmtect I.ender's rig6ts m the Propetty ia accacdance with patagiaph�. . . ��
<br /> ' • Ali�swance policies and re�ewaLs shail be acc;eptable to ix.ader a�s!shaD iucIude a standatd mortgage claose. I.eader shall `�,:. '`• •`;�,:
<br /> , � 6ave t6e right m hold We policies and renewals. If Lender reqaiies.Borrower shall P�PUY�►ve to Lender ail r�cei�ts of paid ' � .
<br /> . � p•P*+,;,,,,t�and renewal noaces.m che eveuc uf loss.Borrower shall give prompt natice to tLe ins�*a�carrier and l.ender.l.ender , - -
<br /> � may tnake pmof of loss if not made promPUY bY Borrower. r .: -
<br /> '�-.x— . Unless Lender a�Botro�ver othecwise ag�;ee iu writ�g,iasuranse proceeds shall be apptied to restoratian or repair of the ` - - �.---
<br /> . . :. L'...``Q y_.i.
<br /> . ` , Propeaiy damaged,if the resmration ar repair is econnmically feas�le and Le�der's securiry is not iessened. If the restoration or _ .. . . .
<br /> , � � ` ' repair is not economicalty feas�7�le or Lender's secutiry waqW be tessened. tbe ins�rance pmceeds shall be applied to the swns `':r``..
<br /> ' , sewred by Wis Secutity Tasa'amena, whether or not then dne, arith aay excess paid to Bormwer. If Botmwer abanda�s the ��� ��;:.�••:�•s:..�
<br /> Ptaperty, or does not answer within 30 days a notice fraffi Lender tUat t8e ++��^*�_s_c�irier Las offemd to seule a claim,then . ; ',�.�-..� -,
<br /> - I.emder ivay w12ax the insutance proceeds.Lender may ase t�e proc.eeds to repair or restore the Pmperty or to pay svms secared ` :;:
<br /> • this Sec��y InsWment,wHether or not then due.The 30�ay period w�71 begin when We nfltice is give�. � -�..:, �:
<br /> ' .. ' � Unless l.ender and Bormwer othem+ise agree in wriiing,aay app�ication of pmc�ds to principal5hall nnt eateud or posq�one . ' �-
<br /> 1. d
<br /> ` tbe dae date of the mo�tlilY Paymends refernd w in paragraphs 1 and 2 or ci�wge the amoimt o€the paymeats.If uader paiagraph � ,�`_-- :
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<br /> . . 21 the Property is acqaired by I.ender, Borrower's right w any �swance pulicies and pmoeeds resvlting fmm damage to d�e -. .,�,�,.;.
<br /> `. � � ProPenY Prior w the acguisibion shall pass to Lender to the e�ent of tbe svmc secared by Wis Seauity Iast�nent i�ediately - —
<br /> • �� , . prior to tbe acquisinian. . ,'.
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<br /> - . 6.U�nc9�Pr�ervatton,Mainteflanee and Protedion of tl�e Pivperty; Borrower's Law AppIl�3on;lRaseHo8d9. : `,:_s,--—
<br /> Borrower shall accup'9,ena6lish,anci use the Property as Borrower's piincipal residence within sixty daqs after the ex�arian of r---
<br /> ... .." Wis Secmrity Insuument and strall condmte to aaupY the PrnPenY as Bnnuwer's principal residence for ai least one year after the ':` `.
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