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<br /> 5. Hi�iiird or I'ropert�• In�urnnrc. Nun�c�wcr tihall kcep thc improvcnunt, n�'w cxi,ting ��n c�rcattcr rrccted un thc �
<br /> Property in�ureJ ugain+t luti� h�• lirc. ha�urdti iuclud�d within the tcrm "cx(endcd cuverag�" and any�3thrr h�rard,. inrludin�!
<br /> Ilund, „r flnudin�. fur��hirh l.cnJcr rcquire� in+urnnrc. Tlii,in,ur�ncc�hall hc maintaincd in thc u�nuunt+and fcir thc periad+ .
<br /> .. - that l.cndcr rcyuirr+. "fhc in,urun�c carricr �',ro�•idin� Ihc imur,in�•c tihnll h�rhu,rn hy Hun•uwcr�uhjcrt tu LcnJci'� appruv.d
<br /> y:� whirh tihull nut bc unrcatiumtbly withheld. If f3i�rru��cr failti Iu maintain covcragc dctirribed :ibuvc. l.�'ndcr m.iy. at L.endcr'� ..
<br /> opti�m,uNtain cuverage tu protcct l.ender'ti rights in the Pruperry in arec�rdnncc with parugruph 7.
<br /> _�,� All insurance pulicie� and renewulti sliull hc accrptable to Lrnder and shall include u stui�Jard monguge clau,c. LArnder
<br /> shull huvc die ri�.ht to hold thc polirics and renewalti. If l.cndcr rcquirc�. Burrowcr tihall prompdy give to l.endcr ull recciptti of
<br /> � paid p��emiunn and rcnewal nc�tices. In the evcnt cif loss,Horruwer shall give prompt notice[��the insurunce currier und L.ender.
<br /> Lcndcr muy makc proof uf lass i(not madc promptly by Borrowcr.
<br />• Unless Lcnder and B��rrower othcnvise agree in writing,insurancc procceds shall be upplied to restoration ur rcpuir of thc t ,_:
<br /> Prope�ly damaged,if thc restoration or regair is economically feasible and Lender's security is nnt Iessened.If the restorution or �:
<br /> re pair is not economically feasible or L.ender'�security would be lessened.the insuranee proceeds shall be applied to the sums '•.��
<br /> secured by this Sccuriry Instrument, whether or not then due, with any cxc.ess pai d to Borrower. l f Bo r ro w e r a b u n d o n s the
<br /> �' Property, or dacs not answer within 30 days a notice from Lender [hat thc insurance carrier has of fered to setde a cluim, then �:.,�_
<br /> `__..
<br /> � �,ti Lender may collect the insurunee proceeds. Lender may use the proceeds to repair �r restore the Property or to puy sums �_
<br /> �"' secured by this Security[nstrument, whether or not then due.The 30-day period will begin«�henthe notice is given. ��__
<br /> � Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or �„__
<br /> i". postpone the due date of the �nonthly puyments referred to in paragraphr I and 2 or change the amount of the payments. If -
<br /> •�� under paragraph 2l the Property is acyuired by Lender, Bonower's righc�o any insurance policies and proceeds resulting from _
<br /> • damage to the P�operty prior to the acquisition shall pass to Lender to tlie extent of the sums secured by this Security Instrument —
<br /> ' immediutely prior to the ucquisition.
<br /> 6.Occupancy, Preservution, Maintenance and Protection of the 1'roperty; Borro�ver's Loan AppUcatton;Leaseholds.
<br /> Borrawer shall occupy.establish,and use the Propercy as Barrower's principal residence within sixty days after the execution of
<br /> , this Security Instrument and shall continue to occupy the Propeny as Honower's principal residence for at least one year after
<br /> the date of occupancy, unless I.ender otherwise agrees in writing, which consent shall not be unreasonably wi�hheld, or unless
<br /> extenuating circumstunces exist which are beyond Borrower's control. Bonower shall not destroy, damage or impair the
<br />� �� <�'•� Property, �llow the Property to deteriorace, or couu�ut wiwt� �r� i�c Properi;. Hc**���!c* �hall be in default if any forfeimre
<br /> �'� action or proceeding, whether civil or criminal, is begun that in Lender's good faith judgment could result in forfeiture of the
<br />- . . Property or otherwise material ly impair the lien created by this Security lnstrument or Lender's security interest. Honower muy
<br /> � � � cure such a default and reinstate,as provided in paragraph I8, by causing the uc[ion or proceeding to be dismisseii with a ruling
<br /> •.;�,r, �,�-.- that, in Lender's good faith determination, precludes forfeiture of the Borrower's interest in the Property or other materinl
<br />_i;tti;i�;:.t, impairment of the lien created by this Security Instrument or Lender's security interest. Bonower shall also be in defuult if
<br /> - ''=�`'�1 � Barrower,during the loan applicacion process,�ave materially false or inaccurate information or statements to Lender(or failed
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<br />_,,z.'_<-;.� ro provide Lender with any marerial information)in connection with the loan evidenced by the Note,including,but not limited
<br /> r���� to, representations ooncerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a
<br /> .•°-'r;;.:c:., leasehold, Borrower shall comply with all the provisions of the Icase. If Borrower acquires fee title to the Property, the
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<br /> :�_•__.;;�� leasehold and the fee title shall nat merge unless Lender agrees to the merger in writing.
<br /> --- 7.Protectton of Lender's Rights in the Property.If Borrowrer fails to perform the covenants and agreements caitained in
<br /> '�-''�'� this Security Instrument, or thcre is a legal proceeding that may significantly affect Lender's rights in the Property (such as a
<br /> '�'���� proceedin� in bankruptcy, probate, for condemnation or forfeiture or to enforce laws or regulations), then d_.ender mny do nnd
<br /> �a'�� pay for whatever is necessary to protect the value of the Propercy and Lender's rights in the Property. Lender's actions mny
<br /> include paying any sums secured by a lien which has priority over this Security Instrurnent, appearing in court, paying
<br /> -=;';';`�� reasonable attomeys' fees and enrering on the Property to make repairs. Although I.ender may take action under this paragraph
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