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<br /> . • �7- l0'�17� �
<br /> S.HAUtrd or Property Iasurance. Borrower shaU kecp tho improvcmcn4g now ex�sang on c� tu erectcd on the Pcoperty. •
<br /> insured against loss by firo, hazards included within the term "axteaded coverage" and any other ha�zards,including tloods or
<br /> flooding,,tur which Lcnder requires insurance.This insurance shall be maintauted in the amounts and for the perlods that Lender
<br /> ,; ,•� requins,Thc�nsurance carricr providing the insurar►cc shall be chaun by Borrower subjxt to Le�der's approval which shall not ;;
<br /> . � be unteasonably withheld. If Borrower fails to maintein coverag�dcscribed abovc, Lcndcr may, ut l.cndcr's opdon. obtaln ,.
<br /> +'+��"�` covcrage w proux:�i.cuuc.'s c;�y�W u'��.�.�•C�".SL)'�t!flCC4f�.°S!!'rt wiih r1At9¢ISpII'I. -__
<br /> `�°"�""' pll insura�see poNeies and renewuls sha11 be aceeptable to L.ec=du and shaq include a standard mortgage elaosa.I..ender shali
<br /> ` have the right w hold the policies and renewals.If Lec�der rcquires,Bocrower shaU promptly give to I.cnder all receipts of pa[d
<br /> premiwns end renewal nodces.In the event of loss,Borrower shall give prompt notice to the Insurunc�carrier nnd I.ender.L.ender _
<br /> may make proof of loss if not made pcomptly by Borrower. u������on or repair of the -- 1-
<br /> Unless L.ender and Borrowor otherwis�s agree in writin8�insurence Pt�ds shall be app �
<br />; propprty damaged,if the restoradon or repair is economically feasible and I.ender's security is not lessened.If the restoradon or _
<br /> ', repair is not economically feasible or I.ender's security would be lessened,the insurance proceeds shall be aPPlied to the sums �
<br /> �� secund by this Security Insuument, whether or not then due, with anY excess Paid w Borrawer. If Borrawer abaadons the
<br /> Property,or dces not answer within 30 days a nodce&om Lendu that tlie insurance carrler hag offered to settle a claim,then _
<br /> L,ender may coUect the insurance proceeds•1-ender may usc ihc pmceeds to nFair ar resrora the Property or to pay sums secured _
<br /> ' „ by this Sec�u�ity Inswment,whether or not then due.'ltie 30-day period�vi111�e8N When the nodce is given. --
<br /> � Unless Lender and Borrower atherwise agree in wdtin8,anY aPPU��on of proceeds w principal shall aot extend or postpone _
<br />- �: the due date of the monthly paymenu referred to in paragraphs 1 and 2 or change the amount of the payments•If ander Parag�aPh _
<br /> 21 the Prope.rty is acquixed by L.endes. Borrower's right to any insurance pollcies and pcocceds resulting from damaSe to the _^
<br /> � prope,rt,y prior w the acquisition shall pass co Lender to the extent of tha sums secured by this Securtty Insuument immed3atetY �_.-
<br /> Ci
<br /> prior to the acquisidon. Borrower s Loan AppUa�tWn;Leasehulds• s�
<br /> • � 6.(kcuppncy,Preservation,Maintenance And Protection otthe Property; ' _
<br /> ' ' Borrower shall occupy,establish.and use the Properry as Borroaer's principal residence within sixty daYs after the execution of �.;
<br /> ''�-� .�' . this Security Instrument and shall condnue to occupy the PropErty as Borrower's princtpal residence for ut least one year after the _
<br /> - date of occupancy, unless I.ender otherwise a�ees in wddng. which consent shall not be unressonably withheld, or unless v
<br />�-`:i��•�: .— exteAUadng cinumswr�ces exui widi.tl&'��."}'or.d Eutro::'ei's CL�*!lt41_Anrmwer shall not desIPDY.dan►eSe or impair the Proputy.
<br /> '�� ' allow the Property co deteriorate,or commic waste on the Property Bonower shall be in defaWt if any forfciture acdon or __ _.
<br /> `'�'�' ' ` proceeding,whether civil or criminal.ls be8un that in Lender's good faith judgment could result in forfeiwre of the Property or
<br />=�+x`�. �..:•.: :
<br /> �� .��� �:�s. o�����11y impair the lien created by this Security Insuument or Lender's security intues�Borroau may cure such a
<br />=�d�k�� � h 18.by causin the acuon or proceedinB to be dismissed w�W a nill�►g that.ie►
<br /> ''i��,:� default and reinsmte, as prm ded in patagraP g _
<br /> .. t�. ;-�<.�. .
<br />�";�.,�;t_� i-t Lender s good faith detemiinadon,precludes forfeiture of the Borrower's interest in the Property or otha material impairment o _
<br /> �.."'�'�?;.'` the llen created by this Socuriry Insuvment or Lender's securlty interest Bomower shall also be in default if Borrower.dwing t1x
<br /> --;.�":°} � loan appll�;ation process,8ave materially false or inaccurate infosmation or statements to Lendu(or failed w provide I.ender a�th
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<br /> '�� "� any maurlal Information) in connxtion with ihe loan evidenced by the Note, including, but not limited w.rePresentadpns
<br />_ . r�u�.,r.r
<br />_��,ti�:r:;,".'' � concernin8 Borrower's occupancy of the Pcoperty as a principal residence.If tt►is Se�urlry Insuument is on a leasehold,Borrowu
<br /> '�vn3•... .,
<br /> �-u:?_:=: . shall comply with a(I the provisions of the lease.If Borrower ecquines fee dde to the Property,tlie leasehold and the foe dde
<br /> _—..--_..Y.�f�
<br /> ------«�.:-�— not merge unless Lender agc+ees to the merger in writing.
<br /> ----:-�:;m��e■• 7.Protectbn ot I.rnder's Rights in the Property. If Bamowu feils to perform the covenants and agrxments conteined in
<br /> — —"'�� `'� this Security Insuument,or there is a legal pmceeding that may signi�candy affect Lender's rights in the Propecty(such a4 a
<br /> �_� , pr��ng in baztkrupicy,pml�ate,for condemnadon or forfeiture or to enforce laws or regulations).dia�Lenda may do ead pay
<br /> ="'="�"'�'� for whataver is necessarY to prouct the value of ihe Pnoperty and L.ender's rights in the Property.Lendu's acdons may iaclade
<br /> ---�:�: in coun. PAYinB �ble
<br /> -_��?"�-� PaY�o �Y stms sxured by a lien which t�as priodty over thi4 Security Insm�mcnt�aP�feari�8 P
<br /> ---�_==`=� atWmeys' fees and entering on tha Property to ma1�e rePairs•A1�►ough Le�►dcr may taka action under dus par'a��►7+Lenacr
<br /> ;d;�-,;,� does not have to do so.
<br /> -------_— Any amounts disb�rsed by L.ender w►de�'this PaT88raPh 7 shaU become addidonal dcbt of Borrower secured by this Socurity
<br />—_,��w„� InstruumenL Unless Bo�sower and L.ender agccE t,o other tenns of payment, these amounts shall bear interesi from tha date of
<br /> - �����.� disbursanent at the Note rate and shall be payable.with interesb upon nodce from Lender to Boirower requesting payment
<br /> .�_;�;�.�;: 8.Mortgage Iesurance. If Lender req�im� mortgage insura►�ce as a condidon of making the loan secured by this Securlry
<br /> ;_�,'°:;.'��.' Inswment, Borrower shall paY tha Premiums req�d � �naintain the mortgage Insutance in effec� If, for any mason, the
<br /> mortgage insurance coversge required by I.ender lapses or ceases t�o be in effect,Borrower shall pay the premiums required to
<br /> ' • obtein coverege substandally equivalent to the mortgage insurance preeiously in effec�at a cost substant�aally equivalent co the �
<br /> � � � cost to Sorrower of tho moAgage insurance previously in effect, from an altemate mortgage insurer approved by Lender. If �F
<br /> . substantially equivalent mortgage insurance covera8e is not available,Borrower shall pay to Lender ea�ch month a sum equsi to -
<br /> • � one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased eo ��.:.
<br /> be in effect Lender will accept,use and retain these PaYments as a loss reserve in lieu of mortgage insurance. Loss rescrve
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<br /> . Form 30IIa o�ao ��;-
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