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<br /> 98- �.. �
<br /> 5. H�wird or Properiy Inew'tnce. Borrower shall ke�p thp Uripmvament� now calxting or hercaR���"'.. "�
<br /> Propeny inaurcd xg�inst loss by t�rc, ht�rdF inciuJed wiiiiin iiro fci+i� "�nti:iii���covcr.:gc" �r�«ny�thtr hr�rtl�. ��_lets!��*
<br /> floods or Aooding, for which l.ender requires insurance,Thiy inaurunce nhnll hn rnnlntnln�cl irs ihe amounts und for the periacl+
<br /> that Le�xier ra{uircs. The insurance carrier pruviding the in�u�aiice s!u►11 bc�chnr�n bp�T<�rrower �uhj�ct to l,endcr's appraval
<br /> which shall not bc unrcasonably withheld. if&rrrowc:r fuih�tn maintnin cavora�a dc��orilu� iihnvc, L.crxler nu►y, ut I.eruler'x
<br /> opNon,abtain coverage to protect [�eixier'+right�+in thc�Pr���x�rty in uca�r�lunca whh pnri4�nph 7.
<br /> All in�urance policies aixl renewals �hxlb ha accG{Nabin tu Lendnr am► shnll Incluclt�a tite�li�ni nx►rtguge cluu�. Lrncier
<br /> shall have the right to 6old the policies�nd ranawele. If Lemlur rcquires, &lraqwdr shnll.�fA111�1►1y givc to I..cixlcr ell rc�:elp�s ol'
<br /> puid premiums und renewal��otices.In the evont uf Inr�v,HR►r�ower r3huL' �ivo pr�mpt iintf�.:v�i� tlro inxuruixe carrier aiwl la�xter,
<br /> Lender may n�ake proof of loss if not madc promptly b}�&�rrnwcr.
<br /> Unless I.ender and&�rmwer othenvise egrr.e In•writing,in�ur.incu procecda shnll b� uppl icd to r�storation or rcpsir of'thr
<br /> Propeny dumagal,if thc restorallon or ttpair fs econc�micaliy fi:usihlcr and Lcndnr's���urity is �xit lesse�xd. If the rnstoratlon or
<br /> Kpsir!s not eco!x�mically feasibie or l.ender'ti se�uri.ty wuuld bo le�xsen�t,tl�u 9itt��tr.tnc;e procecds shs!!be n�lftrl co thc surnv
<br /> sccurod by this Security Instrume.nt, whother or.nnt tlicn dua. wic1� an�� oxacsa puitt�tq Hnrrower. If Borrawer abandon5 the
<br /> property, or does noc answer within 3A dAys a notlra from lenclur t1�nt.Qia intiur:tnc�carricr has offeral ta settle a claim,then
<br /> I.onder may collect the insumnca proc.eais. I..cndnr may u�e thn prr��e�ir� tu r�:pair.ar, testore the I'roperty or to pay sums
<br /> sxured by this 5ecurity Instrumcnl,whethnr or nnt th►m duc;.Tl�u 3(1-duy {t�rinA wlU:ha�i�i•whan tho notica is givcn.
<br /> Unless Lende� and Borrower atberwxta a�rr,o in.writin�,.nn�� applinatinn,of�pmc.ccd:, ta principel shall not extend or
<br /> postponc the due date of thn monthly paymcntA rof�srzcd xc�i►1.An�aflrn�►hr 1. ar�d�2 ar change the amount of thr paymentti. lf
<br /> under paragraph 21 tha Pn.t{�r.ct.;! is acquired by Lendur,D�rro►ver's tipht�tn an�� insur►nce pol icies and proceeds resulting from
<br /> damage to the Property priar to the acquisition shall pa�s tcr.I.�ndur tn tlta oxtent of the surns secured by this Security Instiument
<br /> lmmediately prior to the acquisi�ion.
<br /> 6, pcxup�ncy�pceservatbn,lVisdntenance and protectinn•nt't�ur 1'�+operty;Borrower's Lo�n Applkation;l.en�elw�d�.
<br /> Borrower shall occury,establish,and use the Property as Bonower's principal resldence within siaty days after thc exavdon of
<br /> thi:,Security Instcument ar►ci;!iall continue to occupy tQe f.'ropecty as BorrowePs prineipal residenee for at least one year after
<br /> thc date af occupancy, unlesti l.�ender otherwise agrees in writing, which consent shall not be unneasonably withheld, or unless
<br /> extenuating circumstances rxist which are beyond Bormwer's contml. Bonower shal� not destroy, damage or impair tk�t
<br /> Property� 3IIOW tI1C F�fORCRy �0 (SCtCCf%`CM�:.or wmmit waste on the Froperty. Horrower shall l�in default if any forftiture
<br /> action or procetding. whether civil ar criminal, is begun ti�at i�i I.e;�G�r's goad faith judgm�.:.t could r�sult in forfeiture of il�e
<br /> Property or a:herwise macedally impair th�lien creat�by this Securiry instrum�nt�r Lender's security interest.Horrower may
<br /> cure such a default and reinstatc, as providod in paragraph IS, by causing the accnon or proce�ding to be dismissed with a ruling
<br /> that, in l.eidcr's good faith determinetion, precludes forfeiture of the Borrower's interat in die F�roperty or other material
<br /> impair►nent of�he lien creatod by this Security Instrument or I.e►�:r's security interest.Borrow•er shall also be in default if
<br /> Borrower,during thc loan application process,gave materially falsc or inaccurate infprn�atwn or statemen[s co Lender{or iaiiod
<br /> to,provlde Lender with aay material ihforn�ation)in�onnection with the loan evidenred by the Note,including.but not limited
<br /> to;rep.resentat�ons ooncerning Borrower's occupancy�of th;e Property as a principat�esidence. If this Security Inatrument is on a
<br /> . ., _�.�„ :............... ,.�,..n •;.,.....a.� ...iew ..n �h� nmvicinna nf rhr. Irnse. Tf Aormwer acouires fa title to [he PropettY. tho
<br /> IG1�CtivlM. anl�ave�r� u��u�• vvwr'J ..�«. -..- r•._ r" ' .
<br /> leaschold and the fce tide shall nat merge unt�s Lender agras to the roctger in writit4g.
<br /> 7.Pratection o[Leader'R Rlghts in dha Property.If Borrowa fails to perfonn tbe co�;e�anRs and agrocments contained in
<br /> this Sa.�urity]nstmment, o�r�there is a lequl procading that may significantly affed Ler►der's.rig3�ts in d�e Ptnpctty(such a�a
<br /> proaeding in bankiuptcy. probate, for condemnation or fodeitur�e or to enforce I�ws or ngnluions). thcn Lendcr muy da�and
<br /> pay for Svhatever is nccessary to protect tho value of the Property and I..ender's rights in the Property. L.ender's actia�s may
<br /> include paying any sums secured by a lien which ha5 priority o�•er. thfs Security Instmnnmt, eppearing in oaurt, pay,xng
<br /> reasonable attorneya' fas and enteri�ig on tho P�operty to make repairs, f�lthough L.ender may take ac:tion under this paragruph
<br /> 7,i.ender does not have to do so.
<br /> Any a�nounts disbursod by Lender undcr thiy pna�raph 7 shall become sidc�idoruJ debt of Borcowpr �secured by this
<br /> Security Instn►ment. Unless Borrower u�d Lender agns aa othcr terms of paym�rt�.the.se unow►ts sh�l�besr,�nte�st from th
<br /> date of disbursement at the Notc rate and shall bc payAble, with interest, upon notice frorn Lend�r to Borrower requesting
<br /> PaYment. '.,
<br /> g,Mort�s�e InsurAnce.If Lender requircd mortgsigc insucnrice as a condttion of making ihe toan securhd by this Security
<br /> Instnitnent, Borrower shall pay the prcmiums roquired to maintain the mortgage insurance in effoct. If. for�ny reisc►n. the
<br /> mortgage imu��ce ooverage roquired by I.ender lapses or aa.us to be in effect,�:rowet shll pay the premiums requirod W
<br /> obtain covenge st+bstantially equivalent to the�rArtgage insurance previously in eifect, at a cost substantially oyuiv�l�nt to the
<br /> cost to &xrc�wer of the mortgage insurana pc�eviously in effect. from an altemate moztgige insurcr approved by Lendor. lf
<br /> substantially ec�uivalent martgage insurmce rnverage is not wvaileble,Borrower s1�a11 pay ro I,ender each month s sum r�tal to
<br /> c�u•twelRh of the yearly rnottgaBe insutana prcmium being paid by Borrowcr w�n nhe insur�noe covcruge le�psed or�sed to
<br /> be aa effect.Letder will acapt, use and ret�in these payments as a loss reserve in 1iw of mortgage insurani.�e. Wss reserve
<br /> Fom�3021! 9180
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