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<br /> ' ' a. H:�trd o� Pn►pert} In�urdncc. Burnn�cr .hal! {,rrp Ih: �m�+r�»rmcnt. n.�n r�i•ltng ��r hrrraltcr cer.trJ i,u thc ' �
<br /> � , - ---- Pmprrt� m.ur�til r_ain.t lo�. M firr. h�iard. m:luJeJ ��ithin thr tc�m "crtcndrJ.�n rraLr' anJ am uthrr ha�arJ.. mrluding - —
<br /> Fla„d�ar lli�ndim_. ti�r��h�rh l.ctiilrr rcyu�rc. m.uran.i. �tfu.m�ur:nuY�hall fk ni�mtainrd �n.hr aau,unh anJ ti,r th�p�vnxi. . ,
<br /> - ,. that L.�nJcr r�yu�rc. Thr uti.ur.�ttc��amrr pn�ti�Jin_thc m�uran.c .halt hc:hu.rn h� Hnrr�+��er wh��.Y au Lcttd�r'.aFpn,tial �
<br /> uh��h .hall n��t hc unrr�.un:ihl� ���thh�IJ If Burru��tr taii. tu n�:�imain r���eraic dc�inh�ti!shu�c, l.ender ma�, at l.rndrr'� ' � •
<br /> upti�m.uhta�n r�nrr:►�r i��pr�,t�tt l.�itdcr'.n,_ht,in the Pr�,prm in;��cur�lanrr a uh�rairapli�. • <•� � `
<br /> - •- All imuiance pcdic�e. :►nJ r�ne��af. +hall he arceptable to Lendrr and ,halt in�luJc;� ,taad:uJ m«rtgage ciau�e. L:nder �: ` -'�-:-' -.,
<br /> +hali ha�e the right t��hald thc p��l�ri��+and ren<«al.. If t.�rtdcr requir�..B�irruw�r,hall pmmptl� gi�c to Ixnder all receipts of ' ` '`
<br /> • paid premiunL,:�nd rene��at nuticr+. lo tha�crnt uf 1�.>..Borro��rr.hail gne prumpt notice tu thc inruran���rrier and Lender. �
<br /> � lxnder may m�ke pnxif of(m,if not made pnimpUy bp Bamrn►er_ ;':,:,:,t.;', ..
<br /> , Unic�s Lender and Born��ser otherw•i�agrc�in tiirilinc.imurance pnx-��eds shafl be apptied to r�toration or repair of the - '":*:' ' ,
<br /> . . - Propertg�damaged,if the restoration ur repair is c�ocv.m»:sil}�fea.ible snd Lender's security is not lessened. If[he restoration or • � ,-�� •
<br /> . repair is not economically fea,ible or Lxnder's securit���cauld be lessened, the insmm�ce pmceeds shatl be applied to the sums ,
<br /> _ secured by thi+ Security ln,trument. «hether or not then due. K'11h :Itly tXCC�� paid to Bprmwer. If Borrower abandons the �
<br /> � Prope►ry.�r does nat ancw•er«�ithin�0 day+a notice from Lender Ihat the insurance carrier hati offered to settte a claim.then • �
<br /> . Lender may collect the insurance proceed+. Lender ma} uce the pmcceds tn rtpair or restore the Pmperty or to pay sums ` ,;�� ' -
<br /> - • secured by this Security Iatitrument,a•kether or not then d�e.The 3[Way periMi�vill begin when the notice is given.
<br /> ' Unless Lender and Barnnver otherwise agrer in �criting, an�• application of praceeds to principal shall not extend or �• � �
<br /> ' � os one the due date of the manthl menis referred to in ra hti 1 and 2 ar chan e the asn��unt af the a menu. If � '`���� }
<br /> • . P -tp Y PaY P�S P • S P Y ..
<br /> - � . under pardgraph 21 the Property is acyuired by Lender.Borrow•er'.right to any in�urance policies and proceeds resulting from �`'
<br /> � . � damage to the Property prior to the acquisition shall pa5s to Ler�d�r ta the e�tent of the sumc secured by this Security Instroment • ` •
<br /> ,� . ;�� immediately prior to the acqui,ition. �
<br />,�� �%<<: G.f?ccapanc}�,Preservation. 1laintenance and Protection af the Property;Borro�rer's fi.oan Appltcation;Leasehutds. ,
<br /> . '' Borro�+�shall occupy.establi,h,and use the Property ac Borroa�er's principal residence within sixty days after the execution of .`
<br /> ,_ � �{{ ;.., this Security Insuument and shall cantinue to accupy the Property�a� Borrower's principal residence far at least one year after , � �' �:
<br /> . =�!� the date of axupancy,unless I.ender othenvise agrees in w�riting, xfiich consent shatl not be unreasonably withhetd.or untess �`
<br /> `, .�,�� extenuating circui►uwnces exist which are beyond Borrower's control. Bonower shall not destmy, damage or impair the � ' � s�"`
<br /> = . . • Property, allow the Property to deteriorate, or commit waste on the Property. Borrower shall be in default if any forfeiture . =�`'�`� � �
<br /> ,� 3.
<br /> r ; �, action ur proceeding, whether civil or criminal.is begun that in L.ender's good faith judgment could result in forfeiture af the ,r% ' •
<br /> ; � Property ar otherwise materially impai-the lien created by this Sxurity(nstrument or Lender s security interest. Borrower may ,,s�J,���,;a�` :
<br /> f ��� � cure such a default and reinstate.as prvvided in paragraph 18,by rausing the action or p:nceeding to be d'umissed with a ruling ,� , " '��`" ;.:
<br /> ' . ;'.-' that. in Lender's ood �i.th detesr.ai:.ation, precl¢des forfei[ure of the Sorn��.er's interest in the Pro e or other material � `t�°' f""
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<br /> '`° :�;I impairment of the lie�c�eated by chis Security I�rume�t or Lender's se:.�s"r:± inter�[. Borrower shall also be in default if ��.`�°�' '::�r%��
<br /> '� � Barro��er,during the loan applicatia��rocess,ga�e materially faise or inaccs:.�a.e informa:ion or statements to Lender(or failed � •'�°-�-•�'-`
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<br /> - -• , � to provide i.ender with any mAteriat information)in connection aith the loart evidenced by the Note. including,but not limited ' ,.''��;:-
<br />_"�, '•. • . to,representatians conceming Barrower's occuFxrsti of the Property as a prir.c�al residence. If this Securiry Instrument is on a � � `'��''""
<br /> ' leasehold. Borrower shall comply with all the�°a�asions of the lease. If �a�xower acquires fee title to the Property, the
<br /> �� � �. leasehold and the fee title shall not merge unless�er agrees to the merger sn ti:riting. '.�'�:%..
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<br />'c!� • ' � 7.L'rmtectFon of Lender's Rights in the Property.lf Bo:ro:�er faits to g�tonn the covenanu and agreements contained in -
<br /> ''� this Se�,uity Insuument, or there is a legal procading that r.z:} �-o�ni5cantTy affect Lender's rights in the Property(�^as a ,,���'A, ��:
<br /> � ��, ' prooeeding in bankruptcy,probate.�o*�sdemnation or forfei:G�e or to enf�r�laws or r�ulations), then Lender may do and ';i���,��f�..•; _,
<br /> 4 ; • ;>� pay for whatever is ne�.sary to pro:,�-r Ghe vatc.e of the Property and Ler�eT s rights in the Property. Lender's actions may •: �,
<br /> include a �n an sams secured b• a li�r> v.h;s�z has norit over this 5�.-urit Instrument, a earin in caurt, a in �'�.
<br /> �,'...• '� • p Y� S Y .� P Y Y PF S P Y S � , `;.;�:, •'
<br /> �;� � ' reasona b le attome s'fees an d enter x sa the Y�: to m a ke re a�rs.Althou h l.ender ma take action under this ara h ���,4`��' '-�
<br /> . Y -'FY='�Y P � � Y P S�P • ,��' ..1'.
<br /> _: 7,Lendcr does not have to do so. �;:'N}4�,�;;J;�._: '.�
<br /> � . ' r Any amounts disbursed by l�der under this paragruph 7 shall become additianal debt of Borrower secura� �c� this • '��,°¢`�.' "-
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<br />- Securiry Instcument. Unless Borrower and Lender agree to oth�r terms of payment,these amounu shall beat interesn�nm the .
<br /> • " date of disbursemeni at the Note rate and shall be payabte. with interest, upan notice fram l.ender n� �&�rrower r��esting ' � •
<br /> paym�nt. . ..
<br />� •;',•: 8.Rfortgage lnsurance.lf L.e�rkrr required mortgage ir.sue,ui�;e as a condition of mzlcics�che loan secured b u�s 5xuri ' '.;.�:;.� :
<br /> ��r��� �:�••:.?�' � Insttum:r:. Bortower shall a the emiums re uired ta mairxain the mort a e insura.-ex :n effect. lf, for an reason, t e ���''�;:,_ :.•
<br /> ;.� :,,•_:.-. P Y �'' 9 S � Y . 'ti�,;;..
<br /> ' ' ;���?+: ;i mortgage insurance coverage required by l.ender lapses or ceases to be in effect. Borrower xhall pay the premiums required to '� •'�•
<br /> ��r� s��• �� obtain wverage substantially equivatent to the mortgage insurance previously in effect, at a cost substantially equivalent to the � • '
<br /> "`'� �', ';j�t � ��� cost to Borrower of the tnortgage iysurartce previously in effect, fram an altemate mortgage insurer approveA by I.ender. If � ';�(j;� '•,
<br /> ',r' ..;`�`::"':,: • � �}'•�i
<br /> ,, , ,,,,;,,;,;,, substantially equiv�lent mortgage_r�eTanco ooverage is not available. Borrower shall pay to¢�zder each month a sum equal ta �.�?:;":.:.
<br /> �:t.;;.. �i,"s':.;,_ . ,�<<:l�`,. .
<br />,��_ :,;,,,,,�:s, . one-twelfth of the yearly mongage izvssar.ce premium being paid by Borrower when the ins�rc:a;.e coverage lapsed or ceased to
<br /> ?�,;. . be in effect.Lender will accept,use��^r,�retai:�tAese payments a� a loss reserve in lieu of mortgage 3acyrance. Lass reserve " . '
<br /> �_ i
<br /> ��. Form 3028 9180 � �
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