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<br /> � 98- sos~�es
<br /> S, �lxz�� er pro�+!Ky Iw�unnce. Rorrower shall koeu thc improverrunts nc�w existing on c�reuRer erectod on the
<br /> Property in�ured r�afm�Ic„s by firc, h�zuds included within �he temi "�xtended enverage" and any other harauds, includin�
<br /> t1�oJs��r tl�xxling,for which l.endcr rtquires insurance. This insurance shsll bc muinlained in the amaunts and for thc pedods
<br /> th�t L.ender rcyuires. The insurwxe carrie�pmviding the insurrnce shall b�cho�en by Borcower suhjecl to l..ender's approval
<br /> wMch KhNll rn►1 be unreuvun�bly withheld, IF&►rrower fafir� to muintuin cuverage describal nhc►vo, l.eixicr may, ut I.,encier's
<br /> o�►tion, oM�fn cuveroge to pnxorl l.ender's rightc in the Pmperty in wccordance with p�ragrrph 7,
<br /> All inAUrynee peilieles ArKI rcrKwxis�hxtl be pcceptAble ta Lc:ixter ancl ehall include a sta��dard nxirtgage elause. l.encl�r
<br /> tiludl have�Ix;right w lx�ld�he policics�nd renewals.iF Lcnder reyuires,W�rrower sh�ll pmmMly give to L,ender all receipts of
<br /> �:►id prcmlums aiul renewa!notius. In the cvcnt of loss, Borrower shnll give prompt notice to the insurunce currier u�xl Lender.
<br /> Lenckr m�y m�ke p►a�f of Icna if ncit mwde pmmpUy by Burmwer.
<br /> Unless LenJer uxf Borrower Wherwise agree in wrlting. insurnnce pn�s shafl be applial tn rCSt��ratiun ur rcpulr��f the
<br /> Propeny d,�m.gai,lf the rcstoration or repair is economics�lly feuihle ancl I.,cnder's socurity fs nnt lesscned. If thc rcstoratfan or
<br /> tep�ir is not ecanomic�lly fe�.cible or[,ender's security w�x�ld I�e trsu:�ied, the insurance prcxcccis sh�ll bc appfiai W the sums
<br /> sccured by thia Security lnsttument, whether or rxx then duc,with any excess paid to Hcsrrower. If&�rrower atwndons the
<br /> Prup�rty,or dcxs not nnsw�r within 30 deys a notice from Lender that the insurnnce carrier has otfered to settle u clxim,then
<br /> Lender nuy collect Iho insura�ce procads. Lerxier may use the proceeds to rcpair or restore tho Property or to p�y sums
<br /> securod by this Security lnstrujnent, whether or not then due. The 3ll�day period wili begin wi�cn ti�e nulice is givon.
<br /> Unless l.endcr and Bormwer othenvise agra in writing, any application of proceeds to piincipal shsJl not extcnd or
<br /> postponc the due datc of the monthly payments rcfcmcd to in paragraphs 1 urxl 2 or changc tha amount of the pa��ments. If
<br /> u�xler p�reRraph 21 the Property Is acquirod by i.ender. Borcower's right to eny insuranco palicies and prACCais resulting from
<br /> danuge to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security Instniment
<br /> immodiately prior to the acyuisition.
<br /> 6. Occup�ncy,Pre�er��tion,Malntee�na and Protectbn ot ttie Praperty;Borr�wer's Loan Applkadon;l.easeholds.
<br /> Borrower shall or.cupy,estAblish,and use the Property as Borrower's principal residence within sixty dAys afte�the execution of
<br /> this Security Instrument and shall continue to oocupy the Property as 8orrower's principal residence for at least o��e year after
<br /> the date of occupAncy,unlas LetKfer otherwiso agras in writing, which cons�nt shall not bo unreasoruibly withheld,or unless
<br /> extenuating eic�eumstances exist which are beyond gorrower's control. Borcawer shall not destroy, damage or impair the
<br /> Property,Hllnw the Property to detcriorate, or commit waste on the Property. Aorrower shall be in default if any forfeituro
<br /> ection or procceding, whether civil or criminal, is begun that in I.aider's goocl faith judgment could result in forfeiture of tho
<br /> Property or otherwise materially impair the lien created by this Security instn►ment or Lender's socurity interest. Ho�rrower mxy
<br /> curc such a default and reinstate,as provided in paragraph 18, by causing the uction or procetding to be dismisscd with a tuling
<br /> that, in Lender's good faith determination, precludas forfeiturc of the Iiorrower's inte�+est in the Property or other material
<br /> itnpairmeni ot'tbe Iien crryiai Ly titie �;u<ity ;;�snum:r,t ar i.�r,dcr'o sa�:sit; ins�s��t. F.brr��sr sh�tl A��he in default if
<br /> Borrower,during the loen�pplication process,gave matarially felse ar inaccurate information or statemcnts to Lender(or f�ilod
<br /> to provido Lender with nny materiul Infurtnation) in connection with the loan evidenced by the Noto� including,but rx►t limit�d ;
<br /> to,representatiuns conarning Burrower's occupancy of the Property as a principe(�+esidenoe. If this Secu�ity Instruma�t is on a
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<br /> Ieasehold, Borrowcr shall comply with all tha prov�s�ons ot the�ease. ii r`soaowcr ucyui�ca �cz iii�a :� 4�4 .�..�.....�, ..�,.
<br /> leasehold end the foe titic shall not merge unless L.ender agrees ta thc merger in writing.
<br /> 7.Protalion o[I.ender's Rights tn the Property.If Borrowcr fails to perform th�covenants anci egraments oontsanod in
<br /> this Socurity Instrument, or there is a legal proeeeding that may significantly affect Lencler's rights in the Property (such as a
<br /> proceoding in bankruptcy,probate. for condemnation or forfeiture or ta cnforce lzws or regulations), then Lender mny do ard
<br /> pay for whatcver is nocrssary to protect thc value of thc Property and Lender's rights in tht Property. I.enckr's actions may
<br /> include pxying any sums securod by a lien which has priority over this Security Inxtrument, appcaring in court, ptying•
<br /> �nable attorneys' fxs and entering on the Pruperty ta make repairs.Although Lender may takc action undcr this paragraph
<br /> 7,Lcnder does rat havc�o do so. • .
<br /> Any amounts disbuxsed by Lender under this paragraph 7 shall beoome acidittnnal d�bt of Bom►wez�sa;urat by this
<br /> Security Instrument. Unless Borcnwcr am1 Lendcr agree to othcr terms of payrtxnt.these amounts shall bear interest from the
<br /> date af disbursemer►t at the Nate rate and shell be payable, with interost,upon notice from Lender to Borrowcr roquesting
<br /> payment.
<br /> 8.Mortenge Inguraace. If L.ender require�mortgage insurance ss a conditinn of making the loan secured by this Securiry
<br /> Instrument, Borrower shall pay the Qnmiumti requireci to maintain the mortgag� inaurance �n effxt If, for any reasan, the
<br /> mortgage insuranct wverage requical by Lender lepses or ceases ro be in effect,'fdorrawer shall pay the prcmiums required to .
<br /> obtain coveragc substantially equivalent to the mottgage insurancG previously in effxt. at a cost substantially equivnlent ta-tl�e
<br /> c�st to Borrow�r of the mortgege insurance previously in effc�et, from an altemate mortgage.insurer approvod by I.Ctxle.r. if
<br /> substantialiy equivalent mortgage insurum.�c coverage is not nvailable, Horrower shall pay to L.ender each month a sum cqual to
<br /> one-twelRh of the yearly mortg�ge insurnnce premium being paid by Horrower whon the insurance covamge�apsed or ceasod to
<br /> be in effat.L,ender will accept,use and rctain these payments as a loss reserve in lieu of mortgage inaurance. Loss reserva
<br /> Fo�,,,ao2e s�ao
<br /> vpe 3 of 6
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