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<br /> ; , � . S, BazarB or Propeitp Imvrance. Borrower sl�all keep tt� improvements now e�usting or hereaRer ereaed on d� - . `:<° �````�':
<br /> � '. .:.- Pruperty iasaned agaiast loss by fue,l�azards inctaded withi�the teim°extended caverage° aud auy other hazards. includiag '•'`
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<br /> _ ���.� �toods or flnoding,for which L�ader requues iastuance.This insivance shaU be mainrained in the amounts and for the peiiods(� ! ' _ -
<br /> . . ..- t b a t Iender z e q u i r e s.The ias�uance camer pmviding the iasaraaoe shail be chosen bq Boirower subject w I.ender's appraval� (.�• _ : �. - ----
<br /> : ' _- ;; which s6all ant t�un�easoriab�p withhetd. If Boaawer fails to mainrain cove�age�e s c n'6 e d a bove. L e n d e r m a p,a t I.e n d e r's / _
<br /> • `;� option,obrain caverage to pmtect Lender's rights in the Property in accaidance with paiag�agh 7. � _ ":::�,�,
<br /> pll insuzaace policie.s and tenewals shall be aweptable to Lender and shaU inctade a standard mortgage ctause. I.ender� �.��• .
<br /> sha�have the right w hold the policies and nenewals.If Lender re4nires.Boamwer shaII pmmPdY grve to Lender all�pts of�l '.`,"'���-
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<br /> , ` :_ paid premiams and renewal aotioes.Ia the eve,nt of Iass,Bormwer sLa11 give pmmpt notice to the in�uance cx�er and L�nder.� �,
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<br /> ,. � Ixnder may make piaof of loss if not made pmmPtly Dy Borrower. _ --
<br />- y. Unless LeasJer aast Borroa+er othe�vvise agcee in wiitin8,insmance Pmceeds shall be applied w resto:atian or repair of the�C _-
<br />- , . �.}` pmPerty'damaSed.if the restoiation or repair is ernnamically feas�'ble and Lender's s�.vrity is not tessened.If the iesmrdtion or ___
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<br />� ' ',. � . repair is not economicaUq feas'ble or Lender's secarit9 would be lessene�l,the�n�*an�pmceeds s6a11 be applied w the sums
<br /> secat�ed by tbis Sewrity Insu�nem,whethes or nnt then due, with any excess paid to Borrower. If Bozmwer abandons the _ _
<br /> . , � , property�or does not answer within 30 days a nntice from Londer that the ins�ance cartier has offeted to seule a claim,then --_
<br /> I�nder may coIlect the insa:anre Pmceeds. Lendec maq us�the pmceeds w repain or zeswre the PmpertY or to pay sams �;;_ _
<br /> � s�by this Secavdty Instrament.whether ar not then dae.T6e 30-day period will.begin when the nntice is g'�ven. � ':_ ..
<br /> � `�� ` Unless Lender and Bormwer otbetwise agree in writin8. a�►Y aPPU�don of pmcee8s to principal shall not exten�or ,; � �,,,--,�-
<br /> _ . . . postpone the dne datc of the moIIthlY Pa9menis Iefe�w in pazag�Ls 1 an�2 or c6ange rhe amo�mi of the payments.If nnder __ ---- -
<br /> olicies and mceeds tesatting from `
<br /> • P�P�21 the PropertY �s acqu�ed bY L�nder. Botrower's tighE to aay insutaace P P _ _
<br /> . . damage W die Propertp Pnor w the acqnLdtion shall pass to Lender to the exteni of the smms secured by this Seauity Ins�cument - �
<br /> immediately prior w the acqaisition. � ..
<br /> . 6.Occapancy.Presavattoa,Maintca�ance and Yrotec8on of ti�e Prope�iy,Borrowt�'s Loan AppHcatloni I.easeholcLs. . ��x_—
<br />''• • - . Borrower s1�aIl occupy.establish.and�se the Propert9'as Bormwer's princIpal�+esidence within siatY days aRer the exewdon of - _ �----
<br /> `� ' � ti�is Seco�ity Iasn�ent and shall continne W occapy the ProPertY as Bonower's principal residence for at least one year aRer . - �_
<br /> . • � the date of occapanc9,unless Lender ot�erwise agrees in wiiting,wluch consent shaU not be uareasonably withheld. or valess _
<br /> . . eatemiating c�rcaunstances exist wbich are 6eqoad Borrower's conuol. Borrower svall not destiop. dama8e or impair the � —
<br /> ' � : Pmperty,allow the Praperty to deaerioiate. or commit waste on the Property. Bcurower shall be in default if any fort�Itiue _ _ _.
<br /> ' � •'�I� acdoa or pmceeding,arhether civ�or criminal,is begoa drat in Lender's gaad faith judgment conld sesnit in fa:feittaze of the ,. ,�^�_
<br /> .� `� ��';, P r o p e rt Y or otheravise materially impair the lien created by this Secariry Insmiment ar Lender's secority inte�est.Bomnwer may .:1�: .--�
<br /> � � cnre suc�a defanit and zeinstate,as pmvided in paiagzaph 18.by cau�ing the aaion or pzoceeding to be d i s m i s s e d wi t h a n il i n g -. `� ��`
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<br /> �` . . .."' that, ia Lender's good faidn detetminadon, Ptectndes forfeiture of the Boaawer's inse�est in the PmpertY or other materiai _',� ;-.:,:��
<br /> - ' - . impurment of the Iien cceated by this Sec�uitY Iast�uent oz Lender's seca�ity intcrest. Boimwer shall also be ia defaalt if ._�___
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<br /> ,'` Borrower,d n r i n g tLe loan appliaation pmce 4,gave materiaily faise or inacwrate infoimation os statements w Lender(or fa�ed ' '` '�"�`:
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<br />.s.�� ' ' • w provide Ixnder with any material infotmadon)in wnnecdon with the loan e v I d e n c e d by t h e No t e.i a c l a d i n g,l m t n n t l i m i t e d • �
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<br />� to,rcPresentations conceming Borrower's occapancy of the Property as a principal msidence.If ti�is Secn�ity Instmment is on a . '° .±•,"a-
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<br /> ' ' leasehold, Bouower s2iall comply with all the ps�vislons of the lease. If Borrower acquires fee dtle to the Property. the : .. -•• ��a.-
<br /> leaseho2d and the fee tide shaU not merge nnless l.ender agrees to the merger in arritu�g. �. �_-
<br /> . . �� ?.Protedton of I.ender's Rights ia the Frope:ty.lf Boirower fa�s to perform the covenants and agreements contaiaed In � ;:.�__.
<br /> � this Security Insuament,or there is a legal pmceedinS that may stgnific�ntiy affect Lender's rights in the Property (sach as a . ___
<br /> r proceeding in banlmr�tcy,Pmbate,for wndemnation or fodeiture or to enforce laws or rega2ationg).then Lender may do and - ., _
<br />_� � � paq for whatever is necessary to pmtect the valae of the Propexty and Lender's rights in the Property. I.ender's actioms may . . --_- .
<br /> � . � include payln� anY sams secared by a lien wiuch has prIority aver this Secuiity insanment� aPPra�nS in court. Pa7►�8 ° • .—
<br /> � ,. • reasonable aaomeys'fees and entering on ti�Property to make repairs.Althnugh l.ender may take acdoa under this patagraph , �.
<br /> _ � ; 7,Lender does not have to do so. , _
<br /> -. � , pny amounts disbursed by Lender under tHis paragraph 7 shall become additional debt of Borrnwer secuced by this
<br /> . . : ; geciuity Iasut�ment. Unless Boaower and Lender agee to other terms of payment.these amounts sLa11 beat interest firom the .
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<br />- .. dare of disbnrsement at the Note iate and shall be payable. with interest. upon nodce&om Lender to Borrower requesdnS .
<br /> :'� • PaYment• ... � +.
<br /> ,,,.; . S.Mortg,age Insurence.If Lender required mortgage iasvrance as a condidon of making the loan secured by tHis Securlty ` .
<br /> •. . lnstiument. Borrower sball pay the premiums reqnired to maintain the mortgage In�+�*A++�in effect. lf, for any reason. the . .
<br /> .. � . mortgage iasurance coverage required by Lender lapses or ceases to be in effe�t.Boaower shall pay the premiums required to �
<br /> � ' obtain caverage substandally equivalent to the mortgage i^�,*�^�P previously in effect,at a cost substantially e9aivatent to d►e
<br /> cost w Boirower of We mortgage insnrance previously in effect. from an altemate mottgage iasurer appmved by Lender. If � .
<br /> ' bvbstanrially equivalent mortgage insurance coverage is not available,Borrower shall pay to I.ender each month a sum equal to
<br /> � �i one-twelfth of the yearly mortgase insurance premium being paid by Borrower when the Ins�+rance�vetage lapsed os ceased to _ .
<br /> � • j be in effect.Lender will accept.use and retain these payments as a loss reserve in lfeu of mortgage insurance. Loss reserve
<br /> ; Form� ..
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