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<br /> 5. Hur.su•d or Nroperty lnsurunce. Burraaer ,h,dl kccp thc impruvcm�ntti now cx�titing �,n c�rcaf'tcr crcrtcd un thc
<br /> Pruprrty m.urcJ ugaintit luss hy lirc. hat.ards inrludcd within thc term "extendcJ c�,vcra�r" unJ any uthcr hu�ardti. inrluding
<br /> fl�.wd,�,r Iluinlin�. fur which l.cndcr rcquirc+in,uranrc. This in,ur.inrr+h.AI bc muintuinrd in Uu anwunt+�md fur thc periodti
<br /> that Lcndcr requirc,. Thc in�uruncc carricr pruviding thc imurancc+hall hc choun hy Hi�rruwcr+uhjcrt tu Lcndcr's upproval
<br /> u-hirh ,hall nw hr unm.i.on:ihly withhcld. 11' Qurrcnvcr I'ail, tu mainuiin cu�•crage dc�rrihrd uhuvc. I.ender may. at I.cndcr'ti
<br /> option. ubtain ruvcragc tu protcct l.cnder'ti rights in thc Properry in uccorduncc wnh puragraph 7.
<br /> All intiurancc ��licies und renewuls ,hull he ucceptable to Lendcr anJ ,hall include u +tundurd mortguge cluu+e. Lender
<br /> •...�,�: rhall huve thr right tu huW the pulicies and renewals. N'L.cnJer rcquireti.Bun•���ser ,hull prompdy givc tu Le�nder ull rereiptti uf' .
<br /> �. . ._�. pnid premium�and renrwal noticeti. In the event of lotis. Borrowcr+hull give prompt naticc tu the insuranre carrier and l.ender.
<br /> L,ender may makc prout of lotis if not m�de promptly hy Bnrri�wer.
<br /> Unlc++ Lender and Horrower othenvise agrcc in writin�, insurance pr��ccrds�hull bc upplied tc�restoration ur rcpair of chc _
<br /> Property diunugccl,if thc rcstoration or rcpsir is cconomicully fcasihlc and I,c:ndcr's sccurity is not Icssencd. If thc resturatiun ur _
<br /> repair is noi econumicully fe:isible or Lender's serurity wuuld be lessened,the insurance praceeds shall be upplieci to the sums __''�
<br /> secured by this Security Intitrument, whrther or nrn then Jue, with any excess puiJ tu Borruwer. If Borrower abandons the �;:r�
<br /> Property,itt docs not answer within 30 dnys a naticc from Lender thut the insurance carrizr hus offercd to setde a clnim, then �^--
<br /> a;' L,ender may collect the insura��ce proceeds. L.ender may use thc proceeds ta repair or res[are the Propeny or to pay sums _-
<br /> ° secured by tnis Security Instrument,whether or not then due.The 30-day perii�d will begin when the notice is given. =—
<br /> Unlecs I..ender and Borrower ��thenvise ugree in writing, uny applicution of praceeJ� eo principal shall not extend or c
<br /> ��� po,tponc the due date of the monthly paymcnts refcrred to in puragraphs 1 und 2 or change the umount uf the paymcnts. If �:,-
<br /> �� under parngraph 21 the Property is acquired by Lender. Borrower's right ta any insurance policics and proceeds resulting from R��;
<br /> �` damagc to[he Property prior to the acquisition shal I pass to LcnJer tc�thc cxtent of the sumti�crured by this Security Instrument �_:
<br /> immediately prior to the acquisition.
<br /> .� , 6. Occupuncy,Preservutlon,Maintenanre und Protection uf the Property; Borrower's I.oan A�plication; I.easeholds. _
<br /> Borrower shall occupy, establish,and use the Praperty as Borcawer's principal residence within sixty days ufter the execution of _
<br /> .s thi5 Security Instrument and shall continue to occupy the Property as IIorrowei s principal residence far ut least one year after —
<br /> . �:', the date of occupancy, unless L.ender otherwisc agrees in writing, which consent shall not he unreasonubly withheld, or unless
<br /> extenuating circumst�u►ces exist which are beyond Borrower's control. Borrower shall not destroy, damage or impair the
<br /> .�r Property, allow the Property to deteriorate, or commit wastc on the Property.Borrower shaU be in defuult if any torfeiture
<br /> � aeti�;� a;prL.:..di.^.;. =vhe!h�r ci��!^r cr�!??innl; is heeun that in Lender's�ond faith judgment could result in forfeiture of the
<br /> Praperty or otlierwise materially impair the lien created by this Securitv instrument or Lender's security interest. Bonower may �
<br /> ; cure such a def'ault and reinstate,as provided in paragraph 18, by causing the aciion or proceeding to be dismissed with a ruling
<br /> - that, in Lendcr's good taith determinution, precludes forfeiturc of the Borrower's interest in the Property or other material
<br />�..,,•:; , �;, . impairment of the lien crcatcd by this Security Instrumcnt or Lendcr's security interest. Borrower shall also be in default if
<br /> � � Borrawer,during the loan application pmcess,gave materially false or inaccurate information or statements to l.ender(or failed _
<br /> '�' '' �' to provide L,ender with any materiul information)in connection with the loan evidenced by the Note, including,but not limited
<br /> ___�;,,,v.,.: '
<br /> ,��° '�� to, representations concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a
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<br /> , ,,u leasehold, Borrower shall comply with all the provisions of the lcase. If Borcower acquires fee title to the Property, the
<br />-- � - r leusehold and the fec title shall not merge unless Lsnder agrces to thc mcrger in writing.
<br /> • 7.Protection of Lender's Rlghts In the Property.If Borrower fails to per(orm the covenants and agreements contained in
<br /> __�;';�;�, this Security [nstrument,or there is a legal proceeding that may significantly affect Lender's rights in the Property(such as a
<br /> ,�•�;;�r;Z,a�� proceeding in bankruptcy,probate, for condemnation or forfeiture or to enforce laws or regulations), then Lender may do and
<br />-'"�=�T:i`_;3 pay for whutever is necessary to protect the value of the Property and Lender's rights in the Property. Lender's actions may
<br />- �__=��-'�.�„� include paying any sums secured by a licn which has priority over this Securiry Instrument, appearing in court, payin�
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