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<br /> ��4 ''" ..''`•:`�" S. Ham�+d or property Insuraace. Bormwer shall ker� the improvements now existing ar hereatter erected on the
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<br /> , `� ,<°.�p,-<� Property insured against loss by fire. ha7ards incladed wi4hia the cerm"exteaded wverage' and aay other hazards. inctading ,;
<br /> �:•-,"-,;h �.` tioods or flooding.for w6ich l.ender requises insurance•'I�is insurance shall be maintained in the amounts and for the periads � ���.
<br /> ` `� `y that Leader requires.The insumace carri:r providing t he�nsurance s h a l� �e c ho s e n b y B o r n�w e r s u b j e c t t o L e n d e r s a p p r o v a!
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<br /> which shall not 6e unrcasonably v+ithheld. If Borrower fails to maintain ooverage described a6ove. l.ender may. at Eender's
<br /> =��;;:��:� option.o6tain oovecage co protoct I.ender's rights in the P�operty in acoordance with paisgraPt�7.
<br /> .. .�� AIl����*An�policies and renewals shall be acceptable to l�nder and shall include a s[andard mnrtgage clause. Lender _ _
<br />. `� :`t.'�:'"'�� shall have the right to hold t6e po}icies and renewals.If Lender requires.Bonower shatt promPdy give to I.ender all receipts of
<br /> ` `'' �.-1'�%''`, paud premiums and renewa!nodces.In the eve�of toss.EormK�shall give prompt aotice to tt�e ins�rance carrier and Lender.
<br /> ��'`;7%<< Lendes may wake ptoof of Eoss if not made pmmptty by Ear•v�xer. �•
<br /> _ . �.�.:.- insuiunoe moeed,s shall be lied to testotatiou or�:r of the 's``
<br /> ;, :;, . Unless E.euder aad Boirower athawise agree in wri�. P �P . _;,_•`
<br /> � �'�' p�opertY damaSod,if the restoration or repair is�ecr��misaily feasbte and i.aider's seauaty is not lesse�d.If t8e r�t�an� r
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<br /> <.��� �:::�>: repair is not�oaomically feavible ur I.�der's sea:iity wonld be tessened.the insormice prooeeds shall 6e applie8 r��� [���.
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<br />;=� ,;:.:;r��;..; secvred by this Sscurity Instrum.�t. whether or u�th��,wiW any excess paid�tc Hnrmwer. If Bommv2s ab*,u�ons the. �1_'_r==
<br /> �Y;:,,`�, } � �.`r Property,or daes mzt aQSwer a7t3�in 30 days a natioe��der t6at ths insarance�+snier has offered to seule a c3ai�. tt►en �-_--
<br /> ' • . L.Qnder may collert ttre insuiance praceeds. i�er may uss the proceeds to repair ar resto� the PropertY or to� sums " <�
<br /> `..;.:�".;';, securad by this Szcurity Instcwnen�whether�r aat ct�en�`-�s.The 30-day geriod wi11 begin when t�e awxice is given. .,.::
<br /> ,� � t Unless Leader and Botrower otherwisa�in az€6ag, any application of proceeds w�i�ciga!shall nat extend r.� Y :
<br /> -:<�,,��'�� . �� postpnne the due date of the u�s�h1Y PaYme�s���m in�aragtaghs 1 and 2 or c�ange t2�amom�t of t4e�yments.If ���;
<br /> h 21 the xs i r e d 6 I.e s i d e�:�mswer's ri t t o a n y i n s u r�n x p o li c i e s��r d. s�il t i a g f m t a iE�$��,
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<br /> _ •' damage to the PtuP�Y Prior to tbe acquisitioa shall pass m Lendes to the exteat of the sums se�ura�d�ttus Security Tnstntment ;!
<br /> -.: _L . '=4�. imatediately paar to the acquisiti �,'��%,
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<br /> � '. 6.Ooeapancy.Pe+esesva8o�.Mahite�an�ProtedEoa of t6e Pt+npertYi Bon+aw�'s Loaa Agptic�tton,a.e�sehafds. � �:_
<br /> � ''>.. accu estabtish.and use the Piuperty as Botrower's printipal residenoe within sixty days aft�the e��eattion of �`'��,`'�'�
<br /> �` �. � . . Borrower shall PY, �Borrower's rinci al residence for at least one year after '%
<br />- •�:'��:. "`:..�.:'F•. tius Seauity Instrument and shsiI voutim:e w oxupy the ProP�Y P P
<br /> �`�. the d a t e a f occupancy.�m t e s s Lender otherwise a g r e e s in wriring. wlucb consent sball nat be u�eaaon�ably withheld.or unless _
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<br />- . .°.,�'-". extenuating cit�utastances exist arhich are beyond Bomnwer's oonuol. Hoirawer shall not des�ay, dam�ge or impair the ��;;:�-_-
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<br /> `� '' " praperty.allmv the Progerty to deteriorate.or commit waste oa the Property. Borrower shall be in defa�alt�if aay forfeituae �s =
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<br /> a c t i v n o r p ro c e e d i n g,w h e t h e r c i v i t o r c r i m i n a i..i s 6 e g n a t h a t in I.ende�s good faith J u d g m e at could result�in forfeitwe of the ot,__.,
<br /> <��`t:�','�'.;+�;'`.:`j.,; r the llen createa �s 5ecori Iastmmem or E�tdcs's sscauity interast.3�crower may �i�ii�as
<br /> �tt,,���.,.,;;.� . Pr�y or athenvise materially impai �.' �Y =. ---
<br /> y.° r ,y ai�e;snd�a defaWt and icinstate.as pmvided in paragi�II8,by causing the aciion aa��ing to be disanssec3.v�Ith a ruling �
<br /> ' ��f that, in Lender's good faith determination,`�udes forfeiture of the Borrower's in°�t In the Prvperty or other mateiial �`�.
<br /> � ,<<':::•F?�i� ;, impairme�►t af the liea created by this Sec�.'i���nstrument os l.ender's sccurity interest. Boir�c�c-�st�a11 aLo be in default if ��'�'�
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<br /> 4 � �rtt Borrower.dur�the taan application mazerially falsc or inacrurate informabion or�.ame�t�to�Le�der(or.faiied
<br /> �� � ta pt+uvlde.Lende�w�th any material info�nation)in�a�ction wiih thc lban evidenced tty die Note.lac.ludit�g+bitt nat limited .-----
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<br />�:�:'t�."; :: -- - to.representations coaceming Borrower's�upancy of the Fmperty as a principal tesidence.If this Serurity Insuume�t is on a __....
<br /> " ,z�,���: leasehold, $OtfONCf Sh2U C01riQIj1 Wltll 2k':�?�e pr+ovisions of the lease. If Borrower acquires fe�atte to the Pcoperty, the E3:-'=.-
<br /> ��` �.; ''. teasehold and the fee title sball not merge:a ias Lender agrees to the merger in writin8• Q���_'
<br /> f��r'': , ;,. ....7.Pnutectlon of Lende�s Righta ia 4�e Propgrty.If Borrower fails to perform the covenants uz�s�mx�ts coataiaed in k,,,,.r-
<br /> :1'��;�'� .`r`; th�s.��s.v:iry Instrument,or tha.re is a!�proceeding t�at may significantly affect Lender's rights in the Prdp�rty(such as a -
<br /> , r �f?t'�; roosedin8 in bankiuptcy,pro�ia�¢,for wndemnation or forfeiture or to enforce laws or re�ilatioas}�then l.enct�r may do and -•
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<br /> �;;},s.,:;`,_,,s�. :� p3y far whasever,�a r.ecessary ta protea C�valae of the Property and Lender's rights in the Propecty.I.e�cr's actions may ` --
<br /> _ .:`��;_.� t,. include paying fury sums sea�red 6y a t�s¢which has prioriry aver tfis Secur�ty Lnswn�etia„:W,�pea�rin&,�In,cunrt�payutS `�::
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<br /> =`•:k',���� reasonable attomeys'fees and eniering on the Pcogerty ta make repaiis..Atthough l.ender may '�' �cBon nnd�rthis parn�taph �:��.�°
<br /> „f�, ' .:,.'?.: 7.Lender daes noi have to do sD. : ��
<br /> .::,,;y;�� '..�'t pny amounts disbmsed.Rsy Lender under this paragraph 7 shall become additional debt of Bo:rowee�sectiued by this -
<br /> � ' �=.'. ',3' Security Instrnment.Un:�s 9o?rawer and l.ender agee to other tem�af payment.these amoanta shall bear�iatemest fmm the ��+ =
<br /> � • ?: date of disbu�se�ie�at at�Note rate and shall lse payable. with interest.Upon notice from.�.s�er to Boirower zequestiag �p �':
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<br /> DaYm.nt. . �p��.-.
<br /> , ' �1 8.Mortga�e Iasarar��..i�f Lettder requimd mortga�s�r i�.�sutance as a camditiaa o£aaaSdng d�;�an secured b�r this Sesurity . �"?��
<br /> :: �.. �tis �
<br /> Instrumeat. Bonower sha�i pay'she premIums reqaired�a maintain the mortgage ir��ace iu eff�ct. If, for any�.reason,tha , :
<br /> . .� . : ' �: murtgage instuence cnverage reqnired by Lgnder lapses or aeases to be in effect.Borc-��ver sva[t pay the premjdm�reqoired to t�'v`.
<br /> " � {� obtain em'erage snbstantialiy equiva�ent w the mortgage insurance previonsly in effect.at a oasr s�stantiaUy e�uivaleni to the
<br /> . wst to Borrower of the mart�ge insurance previausly in effect. from an altemate mortgage�rer appmved by Lerater. If �=�°
<br /> -. � �� g��t�illy equivaten�mo;r�,y�,-rs uyyivance ooverage is not available.Borrower shalt�ta Iendet each monih a sum equal to �'.._
<br />- . � ::..,A� oae-Aaref ft h o f t he year iy ccc�ct�ss�s�iasurance pre m i u m i s�i n g p a i d I ry B o r r o w e r w h e a d�i n s u r a noe wvera ge l a pa�!or eeased to �'�,�_
<br /> " . � be in effect.Leceder will ac�a;4,ase aad retaln these payments as a loss cesen+e in lieu o4 mongage insu�. b.oss toserve "'`—�='
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<br /> . • . . . Form 3028 9/34 {;.�;';
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