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<br /> S. liaxurd ar Propertv �nsuruncc. Borrawcr sh:sll kccp thc improvcmcros now cxistin�i��I�cit7Mld�m thc
<br /> Property insured against loss by firc. hazurdh inrludcd within thc tcrm "cxtendcd covcrngc" aixl iury nthcr h;vurily, Including
<br /> flWxls or flocxling, for which I.endcr rcquircs insuiancc. 'Phis inxuruncc shall bc tnainWincd in Ihe unwuniti imd fnr Ihit �x�ritxls
<br /> �hat I,endcr rcyuires. Thc insuruncc curricr providiug thc fnsurimcc shall bc choscn by E�orruµ•cr �ul��cct t�� I.�ndkr'ti uppr�wnl
<br /> wt�ich shall not bc unrcasonably withhclJ. If &�rrowcr fails to malnt�in covcrugc dcscrii►cci u�wc, Lcndcr may. nt [..endcr'+
<br /> option,obtafn cnvcragc to protcct Lcudcr's rights in thc Property in Uca�rdancc with piirugra�ph 7.
<br /> All insurance pulicics and renewuls shnll be ucceptuble to L.ender und shull includc u sia�xlard mo�tguge cluu�e. lander
<br /> sliall havc the right to hald thc policics and renewuls. If Lendcr reqaires,Borrower�I�all pramptly givc ta I.crxicr ull recciptti of
<br /> paid premiums und ren�wal natices. In the event of loss, Borcawer shall give prompt notice ta the insurance carrier aixl l.ender.
<br /> Lender may make proof of loss if not made pramptly by Borrower.
<br /> Unlcss[.enJer a�d Borrower utherwise agrec in writing, insurancc procceds shall bc appHod to restoration ur repair of the
<br /> Property damaged,if the restarsttion or repair is economically feasible and I.ender's sxurity is not lestienal. If the restorati�n or
<br /> repair is not r,conomically fcasiblc or I.endcr's security would be lesscnal, thc insurance procads shall be applied to the sums
<br /> Fecural by this Security Instrurnent, whether or not then due, with any excess paid to Bormwer. If Borcower abandons the -
<br /> Praparty,or dces not answer�vithin 30 days a notice from Lender that the insurance carrier has afFered to settle a cluim,then
<br /> Lender may collect the insurance procecds. Lender may use the procceds to repair or restore the Property or to pay su:ns
<br /> seeurcd by this Security Instru�reent,�vhether or not then due.The 30-day period will begin when the notice is given.
<br /> Unless I.cndsr and Aorrower otherwise agree in writing, any application of Procads to principal shall not cxtend or
<br /> postpone ehe due date of t�he mon:hly paymenss referred to in paragraphs 1 and 2 or change the a►nount of the paymentH. If
<br /> under paragraph 21 ths I'roperty is acquirecl by Lender, Horrower's right to any insurance policies and proceeds resulting from
<br /> damage to the Property prior to the acquisitton shall pnss to Lender to tt�e extent of the sums secured by this Security(nstrument
<br /> iMmediately prlor to the acquisition.
<br /> 6. Oocup�ncy,Preservetion,Mad:ntenance nnd Protecdon of the Property;Borrower's I.oan Applkatlon; La�atlwld�.
<br /> Borrower shall occupy,establlsh,and use the Property as Bonower's principal residence within sixty days after the execudon of
<br /> this Security Instrument and shall continue to oceupy the Propeay as Borrower's principal res(dence for at least one year after
<br /> thc date of occupancy. unless Lender otherwise agrces in writing, which consent sh�ll not be unreasonably withheld,or unless
<br /> extonuating circumstances exist which aze beyond Sorrower's control. Borrower shaU not destroy, demage or impair the
<br /> p.���, �QW�ps��y try A�trri�ratr; or commit waste on the Property. 8orrower shall be in default if any fodeiture
<br /> nction or procceding. whether civil ar criminal. is begun that in Lender's good faith judgment oould result in forfeimre of the
<br /> Property or otherwise m��erially impair the lien created by this Security Instrument or L.ender's security inte�tist.Borrower may
<br /> cure such a default a��d ninstate.as provided in puragraph 18,by causing the action or procceding to be dismissed with a tuling
<br /> that, in Lender's good faith detemunation, precludes forfeitun of the Borrower's lnterest in the Property or other matcrial
<br /> impeirn�ent oi'tho licn created by this Securiry Instrument or Lender's security interast. B�onower shall also be in dcfuult if
<br /> Borrowar,dudng the loan applicarion�►rocess.gave materially false or inaccurate ir�formatlon or sutements to Lendcr(or fuiled
<br /> to ptovide I.ender with Any matedal infortnation)in connection with the loan evidenced by the Nate,including,but not limited
<br /> t�.represcntations concom3ng Borrower's cecupancy of the Properry as a principal residence. If this Security Instrument is on�
<br /> leasehold, Borrower shall wmply with all thc provislons of the lease. If Borrower acquins fa title to the Prope�ty, the
<br /> leasehold and the fa title shall not merge unless I.ender agcees to the merger in writing.
<br /> 7.Prota�tlon o[I.ea�kr's Rlghta in the Property. If Borrower fails to perFotm the coven9nts wnd agneements contwinod in
<br /> this Security Instrument,or then is a legal proceeding thnt may significantly affect Lendcr's rights in the Property(sueh us e
<br /> pruceeding in banlwptcy, probate,for condemnatian or forfeiture or to enforce laws or regul�tions), then Lender may do and
<br /> pay for whatever is neassury to pratect the value of the Property and Lencler's rights in the Prop�rty. L,encier's actione may
<br /> include paying any sums sceurtd by a lien which h�s prIority over this Security Instrument. apperring in court, paying
<br /> reasonable attorneys'fces and tatering on the Properry to make repalrs.A�though Lender may teke oction under this par�gr�ph
<br /> 1, l�ender does not have to alo so.
<br /> Any amounts disbursed by Ixncler under thls paragraph 7 shall become additional debt of Borrower socutYd by this
<br /> Security Instrument. Unless Borrower and I.endcr agm to other terms of payment. these amounts shall bear inte�st from tho
<br /> date of disbuisr,ment at the Note rete and shall be payable, with inurost. upon notia from Lender to Borcowcr requcstijig
<br /> payment.
<br /> S.Matga�e Iasurnnee.If Lender required mortgage insurance as a oondition of making the loan secural by thfe Security
<br /> 1nst�ument, Borrower•shafi pay the pnmiums requirod to maintain the mortgage insurance in effect. If. for eny nason, the
<br /> rtwngage insurance cc�verage required by Lender lapses or ce,�+ses to be in effoct, Borrower shall pay tho premiums required to
<br /> obtatn rnverage substnntially equivelent to the mortgage insurance previously in cffect,at u cost substantially�quivalent to the
<br /> cost to Borrower of the mortgage insurance previously in effect, from an altemate mortgabe insurer approved by Lender. If
<br /> substantially equivalent mortgage insarancc coverage is not availablc, Borrower shall pay to Lender each month a sum equsl to
<br /> one•twelfth of the yearly mongage insurance premii+m being paid by Borrower when the insurance coverAge lepsed or ceased to
<br /> be in effect.Lendcr will uccept, usc:md retain these payments as a Iass rescrvc in liw of mortgagc insurancc. Loss rescrvo
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