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<br /> S.Heurd or Piroperty Inaunnce. Bortowcr shall kccp the imp�rovemcnts now exlsting oT erx on e pecty �.
<br /> ' insured agdnst loss by fue,hazards lncludoo w(ihin tha term "extu�desl cover'r8c" and anY other hn�n�ds,including floods or �-
<br /> Elooding.ta whkh I.cnder roquires insurenca• 'm��su�°ShaU b°maL�taenod in ttw unounis and for tho perlods ihat Lendu
<br />=.��� c�cyui��,.i�w uW W W..;..:�.r:��pro�l�3n�the inanrancc s6all be chosCn by Bo�rcowu subjxt W I.endu's approval whkh shall nol _--
<br /> Lender may, at Lenders opu�n.uuii�r�
<br /> _ be unrcasonably withhdd. If Horrowec feils to m�intain coverage described above. -
<br /> � :'.. wverage to proeect Lender's rlghts in the Property tn eccordance with peraBrePt�7.
<br />,''•�•-•-.. All insurance Policies and nnowels shaU be acceAtabk tn L�der end ahall includc a standar c Q I.endu all rece p dof pa�d
<br />,�:;�"'+ have ttie dght W hold the policias and renewaLs.If Leader re9uires•Borr°wer shall promP�Y b'� -
<br />_`'-'-��' � premiums and renewal nodces.In thc evcnt of loss,Borrower shall give promPt notica co the insurancc carrlu and I.ender.Lendu
<br />=':�;'?�"�' may malco proof of loss if not made prompdy by Hoirower. �s���lied W restoration or repair of the
<br />_. �'�i�� Unless Ler►d�and Bot[owa othctwlse agr�e in wridng,insurance proc
<br />=_,ss.--
<br /> _=�-�� P r opaty d�m a Sod.lf the restotation or npa{r is economkally f¢acible an.9 Lender's security is not 1��I��e d the sums
<br /> _.�!a'�,� repair is not economicalty fea4iblo or Lendu's securlty would be lessened,tAe insurance BPi�s If Bocrowu abandons tLe
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<br /> �• ;� sec�ued by this Sccurity Iastcumcnt,wl�ether or na then due,wtth eny ea�cess .,
<br /> ��'-^''�'� proPerty.or does not answer within 30 days a notice from Lender that�he insurance carrier t�as offered t�o settle a cL�im.thei►
<br />,;,� to a ccstore the Propeity or to pay sums secured
<br /> .�, . Lenda may collect the insurence procoeds.L.ender may use the proceals repaiT
<br /> by tbls Securlty Ins�t,Whether or not then due.'Ihe 30-day period wlll be8in w'hen th�no8ce is given•
<br />'=�:-� lleation of proceeds to principal shall not e�ctend or postporte -
<br /> � Unless L.enda aad Borrower otherwisa agrx in arttinng,enY 8PP
<br />�'�t°�:t:';�c� the due daus of the monthlY PaYments referred to in paragraPhs 1 and 2 or change the amount of the payments.If under paraBrapLt ---
<br /> _'"� 21 the ProPu1Y�S sc4�by La►der.Borrower's right to any insurana policies and Pmceeds resWting fmm dama8e to the -
<br /> _---- — pmpaiy p�a w tha ecquisition shall pass tv Lender to the eate,�t of ihe sums seciued by this Securtty Instrumeat immedjatcly
<br /> -:.�sq=� priorto tha acqu3sidon. Borrower's Loaa Applkation;i.easehotda.
<br /> _F�� i.Occupancy Preaeri'atbn►1Vl�inteasna and Protectbn at t6e ProPertY+
<br /> Borrower shall oGCUpy�esteblish�and usc the Proputy as Bamwu's prLxipal resideace withii►sixty d.ays after the ea�xudaa of
<br /> _' tlus�'si�;Is�°.i�neni ATMt�ha11 cantinue to occuDY the ProputY as Borrowe�r's principal residence for at Ieast one year after ihe
<br /> "'S� dau of occuponcy. unless Lender othawLse agc�ees in wridng, which consent shaii noi be �u��•atiy u,9i�slt�td, ar �s _
<br /> ----j� escenuaiing cie�cumstances enist which ata beyond Bocrower's control. B�wu shall be in defa�gauy f�ei�wra acdopn°r
<br /> �W �prop�ty to deteriotate.or commit waste on the PropertY•
<br /> prooexding,whether civU or criminai.is be8un that in Leader's good faith judgment c4uki result in farfeiwre of the Propaty or _
<br /> ��mate�jaUy Lnpair the Gen croattd by this 5ecurity Instrument a Lender's se�rity i�►teKSG Barowa may cure such a
<br /> def�ult�nd nL�ate,as provided in paragraph 18,by causin8 the action or pro�8 co be dismi.ssed with a ruling that,in
<br /> Lender•s good feith d�inatia�.Precludes forfeiwre of tl�e Borrowu's int�erest in the PcopertY or ott►u material impe�rt►ent of
<br /> --�� the llen creaud by this Soc�ulty Inswment or L�enda's security interes�Borrowu shall also be in default if Borrode�wlth
<br /> loan appticadon Pcoc�ss•BAVe maurWlY false a iaaccurete informadon a stetunents w Lend�er(or failed to pro .
<br /> any mater�al infamadon) in cannect�on with the loan cvklenced by the Note. inc.ludi�►B, but not limtoed to. cepe+esentedons
<br /> c�on�aing Borrowa's oxupancy of the PropacY a�a PrinciPal msid��.��5xurity Insuument is on a kasehold,Boirower
<br /> shall comply wltd all tha provlsions of the lea9o.If Barowu ecquins fa dtle to the ProPertY,the kaset�old and the fee d8e shaU
<br /> ncx muga unkss I.a�da'a�oes to the merger in wridng.
<br /> � 7.Protection of Lender'e Rig6ta ie the Property. If Bo�rowa faib ta pufam the covenards and egreements contai�ned in
<br /> � this Soc�ty Inswmeat,or ihae is a legal proceedinB thac maY s�icendy affect i.�du's rlghta in the Propary (such as u
<br /> then Lender may do and pay
<br /> --__= p�ing in ban.�su�tcy,l�roba�e,for condemnation or forfeiwre or to enf�rca laws or regulations). '_
<br /> �.. � � . . j,CiitSCt�:.:�C110AS tf13y�1IlC1f1�C -
<br /> fa what�va is nxessarY W Prouct the value of the Property and Lcndu'S nghts m the Pi�pe�-t}+. in wurt,PaY�B reasonablo
<br /> PeY�B�Y aums sxiu�ed by a lien which ha5 prlodty ovu tLis Security Instrumenb aPP��B h 7.Leaider
<br /> attar►eys' fees and entcring on the PropacY w make repairs.Although Lendu may take action undcr th�s pare�Srep
<br /> d°es not have t°d°e°. h 7 shall becoma additional debt of Bolrower secured by this Security
<br /> pny amounts disiwrsod by Lender under this paragrep
<br /> Ins�ume�t Unkss Bomower end Lendu a�ee to otder tams of payment,these amounts shall bear intecest from the date of
<br /> disbursanent at the Note rate and shall be payeblo.with interest,nPon notioe from Leadcx w Bocraw.a aequestin8 PaY��-
<br /> a.Mort�ge Inanraace. If Lender required moctgage insurance as a oondidon of making tba➢oan secwed by this Seciuity
<br /> �nsuument, Borrower shall paY t!w Premiums rcquired to maintain the mortgaga insurancc in effcxt If�for Nms requued to
<br />----� mortgage insurance covaage required by L.endu lapses or ceases to be in effect,Borrower shall pay the Pcuri
<br />.-_=��;�aw■ obtain ooverage substantially ecluivalent tn the mortgage insurance previously in eff�.ai t►cost snbstantially oqaivale�t w the
<br /> -"'°•��`'�-�- cost tn Bormwer of the mortgaga insurance previously in effixt,from an altemate mmtSaBe �sum aPPro�ed by T.enda. If
<br /> •4.LNt��i•:�::
<br />-- .-=.,�� substan�ally e9�ivaknt mortgage insutar►ce coverage is not availeble.Borrowa st�all paY to I.tnder cach month a sum equ�l to
<br />_._--;�._=}_ ono-tweifth of the yearly rt►o*tBaBe insucance prcmium being paid by Borrower when tfie insurai►ce coverage lapsed or ceaSOd to
<br /> '.��f be in effect L.ender wiU accePt, use and retain �hese payments as a loss reserve in lieu of mortgage insurance. Loss reserve
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<br />' �'- � Form 30Zi i190
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