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<br /> � !, 1latnrd or Property Insurance. Borrowqr shall kaap tho imprc�venknte nou� exiattng or hereafter erecte on �he � �:z
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<br /> � Propeny insured ngainst loss by firo, ha�arda included wlthln thn term 'extended cavor�ge" and�ny other hu.�rde, including . �"�,};"';' �_,
<br /> fload9 or floodiny, for which l.ender rcqulres Insurnnco. 'it�ir+ inAUrance ehall be m�intained in thc a►nounts and for the perlals
<br /> that Lender requlros. 'I1�e insur�nco carrier providing tho instuu�co ehsll be chosen by [iorrowcr subject to I.ender'y opproval
<br /> which shall nat bo unre+�sontbly withheld. If E3orrowor f�lls to malntain covengo described ntsavo, l.ender mny,ut l.ender'y
<br /> option,obtain cover�ge w protect I.ender'e righte in the 1'roperty in�ccordnnco with paragrnpF►7• � 4•
<br /> • � All insur+u►co paliciea �nd renownls eh�ll ba acceplRblo to Lcnder nnd shAll includa a stnndard mortgage clu�so.I.cnder {
<br /> Ishnl l havo tho right to hold tho p�Ueiax Rnd renawRls. IY L,ender roqufres,Bonower shall promptly givo to l.ender�II eecaipte o4' , .. ,,},��t��
<br /> ! � paid premiums nnd renawal nalices. In tl�c event of las, 8orrower shaU give prompt notice to the insurance carrier nnd Lender. I � � •
<br /> Lcnder m�y m�1co proof of loss if n�t made promptly by F3orro�+er. L„�. �. >r '``"'�
<br /> ,,,,�.,,.�' � Unlasy l..ender and Borrower atherwiRn�gree in writing, ineumnce procuds ehaU ba app�led to rostoration or repxfr ot the ,f,;�.��`.�.����
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<br /> Pro�xny damaged,if tho restoration or ropair is economically feasibla and Lender's r,ecurity is not lessened.If the restor4tion or ;:��..:: �,.
<br /> repairis not econamically feasible or Lcnder'd security would be lessened, the insunu►ce proceedx shall ba�pp�►ed to the sums� ' ���
<br /> ' securcd by thie Securiry Instrument, whether or not then due,with any excess p�id to Horrowor• [f Bottower�bandona the ��_'����_��;__
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<br /> property,or does�not a��swer within 30 days a notice from Lender that tho insuruice cnrrier has offored ro setcle�cl�im.then .•�6 _�^-^�°� �=-°
<br /> Lender rn�y collect the insurdnce procecds. Lender may usc the procads to reprtir or restore the Properry or to p�y 6UI13.4 - _"
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<br /> securcd by thie Security Insttument,whether or not then duo.'llie 30•day period will begin when the notice is given. __
<br /> Unlass Lender and Borrower othenviso agree in writing, any application of proceeds to prtncipal ehall not extend or �_�
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<br /> postpone the due date of the manthly payments refercul to in paraScs�phs 1�nd 2 or change the amount of the pwyment�. if ��
<br /> � . uader paragraph Z 1 the ProPertY ie acquired by l.eader, Borrower's right to Ny insurance policies and proceeds rcsulting(rorn
<br /> damage to the Proporty prior to the acquieition shnll pass to Leader to the extent of the sums secured by thie Securiry Instrument
<br /> imrnediately prior to the ncquisltioa. Iicatlon;LeASelw�ds•
<br /> 6,Occupancy,Pr�servntlon,Malntenance and Protection of the Propa�tyi Borrower's Loan ApP _�
<br /> � Borrower shall occupy,establish,and usa the Property as Borrower's princip�l residence withln sixry daYs After t6o exaution of __
<br /> � this 5ecurity Instrument and shall continue to occupy the Propercy a9 Baaower's principal residence for nt least one year�fter �___
<br /> the d�te of occupancy,unless Lender otherwise agrees in wricin8, which conunt shall not be unr�asooab��y�witht'�ecdl�r�eho
<br /> exteauatiag circumstances oxiet which are beyon d B o n o w e r's c o a t r o l. B o r r o w e r s 6 a 1 1 n o t destro y, S P
<br /> pee�pert�,,a�loa, the property to deteriorate, or commit wxste on the Property. Borcower shall ba u► default if tay torfciture _� -
<br /> act ian or proceeding, whether civil or criminal,is begun that in Leader's good faieh judgment could rese�lt in farfeiture of ti�e �.;:.=_ _
<br /> � ' Property or othecwise materinlly impair the lien created by thia Security Instmmeat or Lender's security interest•Borro+ver may
<br /> cure such a default and reinstate,as provided in paixgnph IS,by causing tbe action or proceedin8 to be diemis�sod w��ic a��n 8 _
<br /> • that,in Lender's goad faith determinadon, precludes forfeiture of the Borrowar's interest in the Property
<br /> -- " itnptirm�ent of the iien ctutted by ihia�utity' Its�tutztcat �r!�Qd"-*�p�°"ri' 1°��t' BOnO�'er ehall also be in default if
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<br /> �' :��:�:,: ,; Borrower,during the IoAn application process,gave roaterially false or iaaccumte information or statements to Leuder(or fuled
<br />_!• r . to provido Lender with any tnaterial infocmatton) in counection with the loaa evidenced by the Note,including�,eb�t�n t i on a -
<br />_�;: ;�,;;;;�•;`}��: �` to,representations coacerning Borcower's occupaacy of the Property as e(ariacip�l resideace. If thie Security ��
<br />-. . • ' Icauhold, Bonower s6all comply with all tho provisions of tho leaso. If Borrower acquires feo title to t�se Pt�operty�the
<br />: s.1'•��''::':� ' Ieauhold and We fee tltle shall not merge unless Lender agrees to the mergerin writing.
<br /> 'r� ' If Bon�yver fails ta rform the covenants and agceemeats�°°t�i°� in
<br /> -'�..,..:.�';i��. 7. Protectinn of l.ei►der's RiRhts in the Ptbperty. P� _
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<br /> `. . ;:'4 ' this S�curity Instrument, or there is a legul proceeding chat may significantly affcet Lendar'd►igi►tb►a it►o Pr� � ('u^ "^ �
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<br />- . . pr4xeding in bankruptcy, probato, for condemnation or forfeiture or to cnforce laws or regulations),w��aed�e�on may
<br />"� ' .�i;. pay for whatever ie necessary to protect the value of tha Property and Lender's righta in the ProP�rtY• in coud, pryi.ng
<br /> ;`,'.W�; .;s include paying any sums secund by a lien wluch has priority over this Security Instrumeat, appearing
<br />��M"�':,;� � reawnnble attomeys'fees and entering on the Property ro make repairs.Although Lender may talca sction undar this par�graph
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<br /> - wy�` 7. lcnder does not havo to do so.
<br />-�,�k;�r.,� r Any amounta disbursed by Lender under this paragraph 7 shall baome addttional debt of Borrower secural by ttiie
<br /> .� �'r.:��,,' S�curity Instrument. Uidess Bonower and I,ender agree to other terms of p4ymeat. these amoun�e shall bear interest ftrom tha
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<br /> .y�•� • :;,,,.,, date of disbursement at the Note nte and shell fxi payable,with interest,upon notice fmm Lender to Borrower roquestan8
<br /> .�,;x�r���;:. Payment.
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<br />_•,�,�,-�;:?:�, 8.Mortgage Insurance.If L.en der requ i r e d mo rtgage iasu e�n c a a s a c o nditioa of makin 8 the loan secured by this Saunty
<br /> --����;._��t_ I►�strurnent, Bonower shsdl pay the pnmiums required to maintain the rnodgage insurance ia effcet. If, for any rcason� the
<br />=;�i1�7'"�: : tnodgage tnsuranca wverage required by Lendcr lapses or ceasea to be in�ffect,Borrowor shall pay the premiutns requircd to �
<br />�,,. -:,., ol�Wn ;.overage substantially eyuivalent to tho mortgage insurance previously in effect, at a cost substantially equivalant ta,tho - —
<br />=,.,-.„�'.'i"..`, cost ta Borrower of the modgage insurnnce proviously in effect,from ann�ltetnate mortgage insurer approved by Leader_ If
<br /> _ -��'.:g''' substaantially equivalent mortgage insurance coverage is nat available. Bonowor shall pay to Lender each month a sum equa.l to
<br />_ '' � ono-twelfth of the yearly mortgage insurance psemiom beins paid by Borrower when the insurance coverage lapsed or ceascd to __
<br /> - bc ia offect. I.endor will uccept,use nnd retain these payments as a loss reserve in lieu of mortgage ineurancc. I-uss teserve �,.
<br /> _ Form 3028.,�190 ���-�
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