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<br /> .� 97- 106594 -
<br /> . S. Haturd or 1'ru�K:1'h Intiuruncc. ki�,rru���rr ,hall V,rr{� lhr unpr���•cnu•nl, nu�s eri,ltng un c�rcatt�r rrertrd un lhr
<br /> Nr�.pcn� in�urrd a�ain,i lo�ti hy tin. h;v:u•dti inrludc�l ��ithm [h�tcnn "extrnd��d ru�crap�° an�1 any uth��r ha�ard,. includin�
<br /> �l�=�,d,�,r Il�uxline. I�,r��hfrh I rndrr iryuir��. in.in:miv.Thi�in�uranrc tihall hc ntaint�iineil in thr;�ntuintt:•and fur thc p�rind� �
<br /> 't�'f�`-� thut Ixn�lcr requirc.. "1'hr in,uranrr�•arri�•r pru�•idinE tN� in,ur:uirc ,hall hr rhu,rn h�• 13��rrm��rr.uh��rt t�� l.rn�lcr', apprural
<br /> ��„�s whirh�h.dl nnt hr unrr:�,unaMy withhclJ. li Hurr�����rr fail�tu maintu�n c�,�rra�< <lc.rribrd :ihu�c. I.cndcr m:i�. :it l.cndcr',
<br /> , " upt iun.uhluin rov�rag�tu prcricrt L�ndrr'�ri�ht.in thc PruExrty in urrurdunrc�vith paragraph 7. _
<br /> � �111 imurtncr {x,licicti .md rrnc��•al. +hall hc arcrpiahlc tu l.cndcr and ,hull inrludu a,tan�ard �uurtEagc rlau,r. L.�nJ�r _
<br /> tihull havu thc right to huld thc p��licirs and r�ncwal�.If Lrndcr rcquire�. Fiurrn�ver tihall pr��mptly givc tu Lcndrr all rcrcipts cif _
<br /> paid prcmiums and renew:tl noti¢es.In thr ev��tt ot'los�,Bcirrnw�r�hidl give prampt nuticc tu thc insuranrr rarricr and LenJ�r.
<br /> 1.cnJcr may makc prai(af loss if'not made prontptly by Bnrrower.
<br /> Unlcss L.ender and Borrower o[hcnviu ugrce in writing,insurancc procccds shull h��uppli��1 tu re�ti,r:�tiun or repuir��F thc
<br /> ' Property damagcd, if the restorntion or repair i,ca�numically Feasibl�und Lcndcr'�scrurity iti nat Ic.�cncJ. If the rc.toration or
<br /> . repair is not economirully fcasibte or l.ender's securicy woulJ be Iessened, thc insuranee proceed�}hall hr upplied to the,ums
<br /> _ `•� -•- securcd by �his Securiry Instrument. whether ur nut then due, with anv exress J to Borrowec If [iutruwer abanduns the `
<br /> p:ti
<br /> Property, or does not answer within 30 days a niitice Y'rom Lender thut the insuranee currier hus i�ffered tn utde a claim.then
<br /> '" LenJer uiuy cullect the insurance proceeds. Lender may as; tlie proceeds to repuir or resture the Pr�iperty nr u� p:�y sums _
<br /> , securai by this Securiry Instrument,whether or not then due.rhe 30-duy period will begin when the notic�is given.
<br /> Unless Lender und Ba�rower otherwise agrce in +vritin,, uny applicatinn of procee.�ds tc� principal shall not extend or
<br /> postpone the due date of the monthly payments referr��J to in pArsgraphs 1 and 2 or change the am��unt c�f the payments. If ,_
<br /> • under paragraph 21 the Property is acquired by Lender,Dortuwer's right ro uny insurance pnlicies and proreecis resulting from R.
<br /> ;:"'�� ' damage to the Property prior to the acquisition shull puss tu I.tinile�tu thc extent of the sumx sccurcJ by this Serurity Instrument `
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<br /> ;�,�'��.. imrncdiately prior to thc acquisition. v:=
<br /> . �. ' 6.(kcupancy� PreservAtlon.M1tuintenance und P'rotectiun of the Prx�perty;Bnrrcnver's Loun Application;I.euseholds. -
<br /> _ ,. ��;; Borrower shall cxcupy,establish,anJ utic the Propedy us Borrower's prinripul residcncc within sixty days aftcr thc cxecutirni of _
<br /> •`��'� this Securiry Instrument and shall continue to occupy the Property az Borrower's prinripul residence for at Ieast one year after
<br />"¢r;:,��;':•: the date of c�ccupancy, unless Lender othenvise agrees in wriiis►g, which con,ent shull nut be unrcasonably withhcld, or unless
<br /> {t.i''��';� �wi�uu3titi& CiT:iSlii,Z�:CCS CXt:t !:'HlC�1 �it �ji?RS� LLCf^Wn,r'. �_n�tCn�. R�ttrnwr� �hall nnt destroy. damaec O� impair thc
<br /> _��•-, ���:• Property, ullow the Property to deterioratc, or mmmit w:�.,te on thc Property. Borro�ver shall be in d�f<�ult if uny forfciture
<br /> :.. d•,�
<br /> "��,. :i;ti: � action or proceeding, whether civil or criminal, is be�un that in Lender's good f�ith judgment could result in forfeiture oF th�
<br /> -�'`�"Q'�' Prapeny or otherwisc materially impair the lien creuted by thi�,5erurity Instrumcnt or Lcnder's security interest. Borrowcr muy
<br /> i��.r,-•l";s-,.
<br /> � "''�''�s � cure such a default und reinstate, as provided in paragraph IS,by causing the actian or proceeding co be dismissed wieh a ruling
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<br /> -_"$'�; ' [hat,in L.ender's good faith dctermination, prreludes (orfeimre of ttte Borrower's interest in the Property or other material
<br />_����•��� impairment of the lien created by this Security Instrument or l.end�r's +ecurity interest. Bottower shall afso be in default if
<br /> _��.�3� Borrower,during the loan application process,gnve materially false or inac�urate information or �tatements ro Lender(or feilc:d
<br /> --'��°;� �, to provide Lender with uny material infurmatioN in connection with the loan evidenced by the Note, inctuding, but not limited
<br /> �`'s�;�^�� ' to. representutions conceming Borrower's occupancy of'the Propeny as a principal resideiice.If this Security Instruntent is on a
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<br /> _=�� • le3sehold. Borrower shall comply with all the provisions ot' the Icnse. If Borrowcr acyuires fec title to the Property, thc
<br /> --"'"' i leaschold and the fee title shull not merge unless L.endcr agrccs to the merger in writing.
<br /> _—�-�,� ; 7. Protection of Lender's Rlghts in the Property.If Borrowcr fails to perform thc covenunte and agrcements contuincd in
<br /> -- - --- this Securiry Instrument, or there is a Iegal proceedin�that may significnntly affect Lender's rights in the Property (such as a
<br /> � proccedin�in bankruptcy, probate, foc condemnution or forfeiture or to enforce laws or regulationy). then Lender mny do�nd
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<br /> -__ _= puy for whatever is necessary to protect the value uf the Propeny and Lender's ri�hts in the Proparty. Lender's actions mny
<br />���L-� include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court, paying
<br />_;�;;�� reasonable attomeys' fees and entering on the Property to make repuirti. Althou�th L.cnder may take action under this paragraph __
<br /> 3 --- - 7, Lcnder docs not huvc to do so.
<br /> _ ---- Any amounts disbursed by Ix:nder undcr this paragraph 7 shall becomc additional debt of Borrower secured by this -
<br /> -_.� Security lnstrument. Unless Bnrrower and Lender agree to other cernis of payment, these amounts shall bear intercst from►he _
<br /> "�y�� datc of disbursement at the Note rate and shall bc puyuble, with intcrest, upon notice from Lcnder to Borrowcr mquesting o
<br /> ` ��:�: ,' payment. _
<br /> -�;'"';•"' � 8. Mortgege Insu�ance.[f Lender reyuired rnortgage insurance as a condition of making the loan secured by this Security _
<br /> �.�:,�+ �"?�; Instm►rtent, Bonowcr shall pay the pnemiums requirui to muintnin thc mortgagc insurance in cffect. If, for any reason, the �'
<br /> � mottga�e intiurance coverage required by Lender lapses or ceases to bc in effect, Borrower shall pay the premiums rcquired to =
<br /> .. '.'`� abtuin coverage substantially equivnlent to the mortguge inwrance previuusly in effect, at a co,t substantiAlly equivalent to the =.
<br /> � cost to Borrower of the mortgage insurdnce previuusly in effect, from an alternntc mo�Kgage insumr approvc�d by Lender. If o
<br /> -- substantially equiv�lcnt mortgugc insurancc rcrverage is not avuilublc, &�rrower shull pay to Lender cach month a sum equal to =
<br /> one•twelfth of the ycurly mongagc insurancc premium bcing p�id by Borrower whcn thc insur�nce coveragc lapsed or ccascd to =
<br /> � • b�: in effect. Lender will accept, use iind retain thesc paymems us a loss reservc in lieu of martgagc insurancc. Loss rescrve =
<br /> - . Form 3028 9f90 =
<br /> ve�o 3 0�6
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