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<br /> . . • 5. Hatard or Pn�pecl� ta�urdace. &+rn+��er .halt k�ep thr impnnrmrna� n«H rx„ting ur herwiter crrcted �,n thr .
<br /> Pt.�prct� mtiur��1 .��a�mt lu.� h} tirc. h:uarS.inrludrJ wiihin the terni "ertenJcYl ����er.�gr° anJ am .�thcr h:u:uJ.. incluJing
<br />. — _ __"_ ' �J i...-�FM.n.•nratc ,__—_ -_ _
<br /> ,• . flu�nt.�er flcwding. ti�r��hirh Ixn�i�r reyuir���n.utanre• tn►.�n.urane<<naii ne mamu,i��c�i�n�irc an�n..�...,......•. r_•-
<br /> •• that un�r rryuirc+. The in+uran.ti ramer pruti iding the imur.uue+h�l! he chu�cn hc &�rmurr �ub��rt[u LenJrr'�appru�si . t . ,
<br /> ' :.',. . �ti hich .hall nut he unrea,unabl} «iihhel3. lf Borro►c�v fail.tu maim;em cucerag.r d�ticnhc�l ahc»�e. Lrnder m;e�. at (ander', 5',
<br /> ` . • " uptiun.ubtain co�erag�t��pr�,tc�t lxnder',nght�in thc Pmpcm �n accurdsnrr a ith p:u�agr.►ph 7, � � .
<br />-�' ' _ All in,uranre pulicir>snd renew:il. ,hall hr a.�eptable tu l.�ndcr and ,h:ill inrlude s ,tsncianl murtgaLC rlau.�. Lender . �
<br /> - , ,- -' •h:ill have the right to huld the pol�cu�and rene«:�k. ff[wndrr rryaire.. BurmK•cr+h:el1 pm�npil� gi��e tu Lender sll rerript.uf .-_ ---,-_ , -_
<br /> �raid premiumr and renew:�l noticc�. In the e��ent uf lu... Borm��er tihall gire prompt ninice tu the ia,urame rarrier:uid L.€nder. 2 , ,
<br /> Lender may make pm��f of Ins�if na made prompUy�by Bormwer. - •. `
<br /> . ; ; Unless Lertder artd Borro�ver utheru i�e agree in�sriting.insurancY pmceed,shal!be:�pplic�i to re.a�racion or repair of the
<br />--=? ` ' Ptoperty damaged.if tht restoration or repair is e�ronomically fcasible and Lender'+eei�urity is nnt lesscne�t- If the restaratian or _ ,
<br />.T4 , . ; � repair is not ecunomi��lly feasibte or l.ender'+security Hnuld be lessened.the insurance pmceeds�hall he applied t�the swns • ,°r:;.;
<br /> serured by this Security Iru�t�ument, whether ur not then due. �vith any excess paid to Bormw�ec If Bor►t�w�er abandon,the ; •�,�;•:,
<br /> Propen}•. or does not answer within 30 days a notice from I.ender that the insuran:e rarrier has uffer�to setde a claim,then '
<br /> �ti. Iw.nder may caltect the in5urance praceeds• I-ender may use the praceeds to repair or restote the Propeny or to pay sums �_;_.
<br /> '` � ' �.;�'' secured by tfiis Security lnstrument,whether or not[hen due.The 30-day period will begin when the notice is given. . _' ' _
<br /> - ; � � :� ,;; Unless Lender a►nd 5ocra�ver otherwise agree in writing, any application of pmceeds to principal shall not eatend or _�`'�-
<br /> . . �. postpone the due date of th;manthly payments mferrecf to in paragraphs I and 2 or change the amount of the payments. If ,
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<br /> <<�t; under paragra�r�ZI the Pmperty is acquired by L.ender. Borrower's right to arry insurance policies and pmceeds resulting from `� �.,,_�
<br /> • ����= damage m the FFOpen���or to the acquisition shall pa+s ta l.ender ta th�extent of the sums secured by this Security Instrum�t
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<br /> - • �;,�'�:�:. immediatety prior to t3K:�qu�ation. _ ... ._ .�.
<br /> ,� >,, � . .' 6.Occupancy,Pr��sn,1�1aintenance and F�aeection of the Ptoperty:Borrower's Loan App�icaYioza: I.eas�holds. -�-- � � .
<br /> `'. ' ' r Sor[ower shall occupy.esta�I;sh,and use tbe Property:�Borrower's principal ress�f:nce�vithin sixty days afte:�'�:zxecution of �
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<br /> •k ;,�� . . this Security Instrument and shall conUn�:e to occupy the Property as Bortower's principal residence for at least one year after ,; _ -
<br /> ' '',.'. the date of occnpancy.unless Lender oth.�nise agrees in writing, which consent shall not be unreasonably withheld.or unless • .T;��'
<br /> _� .fi.t: ,r,� •�,:.T'q.. ... '.. � � ..
<br /> "°�'�;�°� - eatenuating circumstances exist which s.� beyond Borrower s wntrol. Borrower shall not des�troy, damage or impair!he -:±�-. :
<br /> '����`':�� . • Propeny. allow the Propem• to deteriorate,or cammit waste on the Property. Barn�wer shall be in default if any forfeiture � • ��;. ..�.:
<br />:-�;�s'.'� � � azaon or proceeding, whet3ter civil or crianinal. is begun that in Lender's good fit�judgment could result in forfeiture of the :
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<br /> � .� '} E'roperty or ot!•..erwise materialty impair u3a iien created by this 5���Instrument or L.ender's security interest. Borrower may �. ``
<br /> . . ' �-.:'1 - t�` �_:
<br /> : ' cure such a�t��,��!t and reinstate.as pro.i:��.in paragraph 18,by c�us,~:�the action or proceeding to be dismissed with a ruliug
<br /> :: � • that, in �,,:�s good faith determinatica, precludes forfe+t;ue ot'���: I3orrower's interest in the Property or ather mate:�aS : ='f.,��.
<br /> . . �, impairment of the lien c*�,�t by this Security Instnrm�t ur Le:,��'��„curity :nteren. Borrower shall alsa be in default if ;; �
<br /> ' �•�!"' Sorrower.during the loza.�:'_ication process,gave materially false or;�ccurate informauon or statements cm.E��det(or failed '�-". '.;;�`�_
<br /> - to provide l.ender with a:n:�.aterial inforniat►an)in connection wi[h th�loan evidenced by the Note,includ�.but not limited ��;"„�+...:.-.;,�{^:
<br /> ' �� •�� "- -` to.representations concerri:g Borrower's occupancy of the Pruperty as a principal residence.If this S�curity lnstrument is on a ..; �. � ;
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<br /> � � �`' l e a sehold. Bormwer shaCt Lemply with all the pravisians of the lcase. lf Borrower acquires f�: title to the Property, the :,.,; ,.'.�� . ,t�'�'r�
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<br /> •,.; . leasehold and the fee title<i��1'not merge unless Lender agrees to the merger in writing. ., :_�
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<br /> 7.ProteriIon of I�'s Rights in the Properiy.If Borrower fails to perform the covenanu and agreements contained in �-•�::;�
<br /> ;'�.; .' �. , ��.,�. this Security Instrument, or there is a le�al proceeding that may significandy af fect L en der's ri g hts in t he Prope r ty(suc h as a •�_�,__
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<br /> ' : • • � . , praceeJing in lier-.kruptcy.probate, for condemnation ar forfeiture or to enfarce laws or regulatiors). then Lender may do ar...t
<br /> �''f • ' pay for wtu�:�+�is necessary to pmtect the value of the Property and Lender's rights in the Praperty. Lender's actions an:,�� „
<br /> �•';��,+:'•,c�. �� ' ��.#` inclade payin� any sa�.�ured by a lien which ",�.s priarity aver this 5ecurity lnstrument, appearir� ir•. court. paying : • ; .�__,
<br /> �'`x'k�```•" . rr�sonable attomeys'fe�.:�:�i entering on the Prapecs�. crt make repairs. Although Lender may tatce action w-�r3ar r�'rrs paragmph '':;
<br /> �p:;f.:,n;.. : `:i � ,.35,_:_
<br /> ' ���jYt2` '` T, L,ender does not have[,;•��so. 4
<br /> ) _Li_. -_4 Y}!4 t `�t �Jt S�.-
<br /> � , 4 ;h"���, ,, Any amounts disbursed by Len�er under this paragraph 7 shall become additional debt of Barroa•.., secured by this r �W},�,.
<br /> ` n s�: ,`s�'�1r�._ Securiry Instrumeart. Untess Borrower and I.ender agree_ta other terms of payment,these amo���rs:: shall bear intemst from the '� -
<br /> ; .�. ;'• • �.•v. ' date of disbursement at the Note ratc and shall be paya6le, with interest, upon notice fmm Lender to Borrower requesting ;••� �, ,���`.��
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<br /> . payment. �`!' ' ,:
<br /> . ' S.Maat�ge Insurance.If Lender required mortgage insurance as a candition of making the loan secured by this Secnrity `;`,, �
<br /> r''` • ;� �,� Instrumertt. flarrower shall pay the premiums rcquired to maintaic �he mortgage insurance in effect. If, for any reason, the •�,:;,���,�:
<br /> .,i ;, ;.z..��:.
<br /> �,.�. � . • : mortgage ic<urance covetage required by Lender lapses or ceases o�tx in effect. Borrower shal!Qay the ptemiums required to . . ,'��Stii�,�
<br /> � '' � � obtain coverage substantially equivalent to the mort�e insurance�:eviously in effect,at a cost substantially equivalent to the �:; ..
<br /> ��`�'�`;�;`� wst to Borrower of the mongage insurance previousl; en effect. from an alternate mortgage insurcr appro�.�ai by Lender. (f � .�•
<br /> �2 '��.;�:,' t:: .'
<br /> �����' � substantially oquivalent mortgage insurance coverage is n.qe availabte.Borrower sha{1 pay to l.ender each m»c�l�a sum equal to �lr., .
<br /> . •:..•t;,;�::
<br />,�=�. • `• one-twelfth of the yearly mortgage insurance premium being paid 6y Bonower when the insurazcce coverage idpsed or ceased to '�. r;�4i
<br /> ��:�i�: � : •+•: be in effect. Lender will accept.use and retain these payments as a loss reserve in lieu of mon:�6e insurance. Lass reserve � '.�.�����"'�
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