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<br /> ' � -,��.�` S. EIazard or Pnupe�ty I�urance. Bormwer shall keep the improvements now existing or hereafter ereded on the . ';>-: �:.�"
<br /> _ � ` . Property insw�ed against loss by fire.Ua�ds included within the term "extended coverage" and any other Baiards.inctuding �, ��- �.. '�
<br /> � • . tlaads or tlooding,for which Lender requires insu:ance•This insurance shall be maintained in the smounts and for the peciads � , _ ' �•x' ,"'.
<br /> ,,. . .
<br /> " `. . that Lender req�ims.The insurance carrier ptuviding the insurazue shall be chosen by Borrower subject co Lcnder's appmval�p , ,
<br /> � . - which shail not be un�asonably withhetd. If Borrower fat'1s to maintain coverage described above. Ixnder may. at Lender's `'f ` ". . . .
<br /> ;,:�s:-.' opuan,obtain co�erage to protect Lender s rights in the Property in accordance with paragiaPh 7• • ,.- ?
<br /> =r�-'`""' • All insvrance policies and retsewals shall be acceptabte to Lender and sha!! include a standard mortgage clause. Lender � � . ':.��`
<br /> � shall have the right to hold the policies and renewals.If Lender requins,B orrower s h a l!promp t ly g i v e t o L e n d e r a l l r e c e i p t s o f .
<br /> , . � paid prenrinms and renewal norices.tn the event of toss.Borrower shaU give prompt notice to thc i�rance carreer and I.ender. � -: -;�-. - :
<br /> • � L x n d e r m a y m a k e p r o o f o f l o s s i f n o t m a d e p ro m p t i y b y B o r r o w e r .`-2: ?�```•. :'�
<br /> � • � '�� Unless L�.mder and Borrower otheravise agree in writing.inswance proceeds shall be applied to restoiation or repair of the � 'aY 4._ ..�� . '� °_'_
<br /> ' ` property damaged.if the restoiation or repair is eoonomically feasible and Lender's security is not tessened.if the restoratian or ,, '`,: •
<br /> "�.�� �� �, -�� repair is not ecanomically feasibIs or Lendes's security would be tesserred,the insurance prnceeds shall be applied to the sums . .�',•4:';�,;�
<br /> , secured by ihis Security Instnmient,whether or not then dae, with any excess paid to Borrower_ If Borrower abandons the . _ " '�"'
<br /> .. ;�.,:��,._-,;
<br /> , . � .,'i Property,os does not answer arithin 30 days a notice from Lender that the insurance c,arrier has offered to settte a ciaim,then _ ,,, �;�a-;
<br /> � • Lender may colIect the insuiance pmceeds. l.euder may use the proceeds to repair or restore the Property or to pay snms
<br /> ` � ' secured by this Secnrity Inshumem.whether or not t6en due.The 30-day periad will begin when the notice is given. :- ---_-
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<br /> ` ' • � •e Unless Lender and Borrower otherwise agree in arriting. anY $PPlication of praceeds to principal shall not extend or _._
<br /> � • � � "' postpone the due date of the montf�ty payments referred to in paragrepf�s 1 and 2 or cl�ange the amount of the payments. If _ - .�`-
<br /> ; � ander paragraph 21 the Property is acquired by Lender.Bocrower's right to any insurance policies and procaeeds resulting from __
<br /> • - � damage to the Property+prior to the acquisition shall pass to Lender to the extent of the svms secuned by this Security Instrument ,- �
<br />- �:. , " immediately prior to the acquisition. ' • %:•: �•.���
<br /> _ ... -' 6.Omipaney.PreservatIon,1Vlsintenance and PcotertIon of ffie Prnperty:Borrnwer's Loaa Applicaitan;Leas�otds. :.;..::::.::.....�:--...
<br /> ' �r�'•4� � Borrower shall accupy.establish,and use the Property as Barrower's principal residence within sixty days after the execution of ' ���`�'ri"-'�
<br /> ,'�:r�i�af,4i, ��-_:-_:
<br /> , . � ' � . this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at teast ane ear af'ter `�•w
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<br /> . . ,'� �._3'�':
<br /> �� , the date of accupancy. uniess Lender ottieiwise agnees in wridng. whicb consent shall not be unreasonably withheld,or untess : , ,�--,�
<br /> ;.I_=�,_�..;. .
<br /> .;. ,,., _,,. eatenuating circumstances exist which are beyond Borrower's control. Borrower shall not destroy. damage or impair the .^',:.���,_Y
<br /> -. property,allow the Property to deteriorate. or commit waste on the Property. Borrower s�haU be in defautt if any forfeiture �:-�r ,;�4�L�
<br /> . , ' ,� . acdon or proceeding.whether civil or criminal,is begun that in Lender's good faith judgment could result in forfeiture af the , •.��-_•=--
<br /> � Property or otherwise materiafly impair the lien created by this Security Instrument or I.ender's securiry interest.Bomower may _"�,m:
<br /> � ' �` ��,;:%_ cure such a defautt and reinstate.as provided in paiagraph 18,by causing the action or praceeding to be dismissed with a ruling '"�;�
<br /> ;-. - -- - that, in Leader's good faith determination, precludes fotfeiture of the Borrower's interest in the Property or ather mateda! � ' __
<br /> � . impaitment of the lien created by this Seeurity Inswment or Lender's security interest.Borrower shaU also be in default if �'��*��=�
<br /> BorroHer,during the loan application pracess,gave materially false or inaccurate information or statements to Lender(or failed ��-.
<br /> , � .. . to provide Lender with any material information)in connection with the loan evidenced by the Note.including,but not limited . . '��.`
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