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<br /> � ` , � " • 5. Ha7ae�3 or Peaperty insucance. Borrower shall keep the improvements aow eaisting or hereafter erected on the � � _
<br /> ` , . - Pcoperty iasured against loss by Gre.hazards included within the term'euended coverage'an�a�r other haTards,inciuding :' °:. .
<br /> � � � ' tIoods or fiuoding.for which i.eader requires insurance.lbis insvrance shall br maintained in che amounts aad for cbe perrod� � -.,. ��, <:
<br /> � `, �` . � � that Lznder requires.The iast�rance carrier providing the insurance shall be chosen by Borrower subfect to l,ender's approvaI� � � -
<br /> , ,_ � v�luch sball'not be unreasonably withheid. If Borrawer fa�s to maintain coverage dessribed above. Lender may,at Lender's� • �
<br /> , � optioa,abtain cove�age to pmtea Lend�r's rights in the Property in accordance with paragraph 7. A � . . •�:.
<br /> . . All in�,�,ance policies aud tene�wals shalI be acceptable to Lxnder and sHail incTude a staadard mortgage ctause. Lender� > , �._�
<br /> � .. shafl have the rig6t to hold the policies and:+enewats.If Ixuder requires.8orrowec shall promptly give co Lender ali reoeipts of eQ ' `� . '�.,.�,.;.;
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<br /> - '- • paid premiums and renewal notias.In the event of loss,Bornower sHall givc prompt notice to the in�aace carrier and L.eeuder.�
<br /> ' �� I�nder tnay make ptnof of loss if twt made P�+PUY DY Borrower. �. . Q% .
<br /> . - ` - = Unless Leader and Bomnwer othernise agree in wriring,insvraace proseeds shal!4e.aj;��`�.�d:L�,`c�`storatian csr cepair of the �- - --- - -_
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<br /> •-==�=- - Praperty @amaged,if the�estomtina or repair 3s,ecQnomic��r feas�ble ats��er's�'i�s��.If dte r�stqratiun ar -- -_. -
<br /> . �� rePair is not eoonnaeirally frasiible or Leu�'s��a��e.�s�:,i�;�.�-r•�����sS�ti�e�i�s�cu•tIte.�`' ' _
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<br /> � se�aued by ihis Socurity insaum�t,e►he�r;���d����,c c�s paid ro�gnrt:��►�-�I�sc���u��i#�..
<br /> �«��t ... Fraperty,or d aes a e t answet wi t h i n 3 4 d a}r 5'.�.���i:.�ei t h a t��insarance carrser h a s u.�t r�+'i�s r L�i,t I� � •
<br /> . • - t�der may coltea [he iasuzance proceeds. Len�er may d�se rhe pmceeds to repair ar restore du Property or xa gay swns ' '<`:°, .
<br /> . � . seaued by this Security Insuument.whether or not then due.The 30-da t`�`:,?` � � .. �
<br /> ••. Y Period cvill begin when the notice is givcn. ,•:.:. �. .ti... .,
<br /> . � ' iJnle�s I�ender and Borrower othe�wise agree in wriang. anY aPPlit�aoa of peoceeds ta�PrinciPal shalt nat excend or �'.'.,;,;,,�:5..
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<br /> �postpone the due date of the moathty payments neferred to in paragraphs i and 2 or chaage the ammmt of the paymeats. If -� ,
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<br />, �` under paragraph 21 the Pcoperty is acquiied by Lender.Borrowec's rig6t to any insurance golicies and praceeds resulting fmm �,,r,,.,.::�,_
<br /> ' damage to the Ffioperty prtor to the acqoisition shall pass M Lxnder tv the exteat of the suma secured by this Security I�savmem �-, : - --
<br />_ immediatety prtor to th�acquisitton. ---_
<br /> � . 6.Occupaacy.�rvation.Mefntenaace and Pro2edian uf t6e Pr+ope�ty:Bormwer'g I.aan Appllcatlon;Lease$oids. -__
<br /> " .� �_ Barcuwcr shalt oa�µPY.establish.and use the Pcogerty as Borrower's principal restdence withtn sisry days after the exerutton of .�s;=
<br />_ '` _:,� thIs Secutity Instrument�nd ahali continue ta occupy tho Praperty as Borrower's prineipal residence for at lease one year after ;. ::: (. ,.+�::_
<br /> tAe datc�f eccupaacy.ualess 1.tnder atttenvise agnees in writing.w6ish consent sball not be unteasonably withheld.or unless :�;�;.•:,,,.....�-
<br />�� • • : - -- extaruatfng citcumstaztces exist whish are beyoad Borrower'a caauol. Borcowes slmU not destroyr. damage ar•impair the ���:�_:":r�_
<br /> � . ' Ptop:rty. a�llow tbe Pmpeny [o deteriarnte. ar oommit waste on the Propecry. Borrmver shall be in defaWt if�aay forfeituce �
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<br /> • " action or pmceeding.whether civil or criminal;is 6egun t6at in Lender's goad faith judgment could res�ilt in forfeiturc af the •r ' , ..�.s - -
<br /> > . . Property o:othernise matetialiy impair the liea created by this Security tnsuument ar i.ender's securiry inierest.Borrower may � �.� �'�« _;
<br /> , . ' c�ure s�ch a defaWt�aad teiastate.asprovid�in paragraph 18,bY causing the sction or prnc�diAg to be dismissed with a mling _,Z,�.. r�,,,''
<br /> ,' � that, in L.ender's�ood fa�th deter�na�on. p�cludes forfeiture of the Borrower's inte�t in the Proper�y os.ather mazerial ��;;��,r`�i,J''�
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<br /> � � �� tmpairmeat of the lien created by tLts Seauity Ir�stsumenr or Leader's security interess. Bomav�stall z3�;�"c��defautt if ___
<br /> '. ' '�`��;,. Bor�awer.dufing the toan application pmcess,gave ma[erialty false or inaccurate inforwation ar,�.�;�er(or fail�� ••----__-
<br /> �` . . ,�f � to pmvide LecdEr with�uy material iaformai�+¢Q1 in canaection witL the loan evidenced by the Iur�cite;��ir",;� �i not limited� _ __
<br /> r�a: ' to resentadon4 oancecnin Hnrraw�•s Qf ds�Lam e as a iInci al resideace.If Etr�s� T�ent is on a -
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<br /> � ' � ''��' leasehold, Bomawer sball oo�pty aitB.aII �prav�io�s.�if the lease. 1f Boaower acquires ��zT:e,to t'�e"�r+oPen3', th$ � . - .
<br /> .; } i � lease�old aad dce fee titte shail aot merge msl:�`s.�.eader agrees to the merger ia writing. .,' ,. ' , : �+ , •�,�:�,��•- -
<br /> ' � ".n� t 7.Prasection af Leudea's Ri�zuYfbae3�tnpestq.If Borrower fails to perfor�n the covena�s���ag�eements contained i�a� '��dt,'4 t� _ --
<br /> . :��:�',,� ttis Security Insuiimeat,or the�e is a k�L�ing that may signif�cansiy affect l.eader's ri�i.'s�m tIle Prop:rty(sttch as a ;k��'.�°'{;
<br /> ` °-i-�---'. ` oeedin in bankru t mb fer aa�aation or forfeiture or to enforce la�vs c� oasj;then I.e�t�may dn and ''�,,
<br /> , � ��� , :,� P� 8 P�Y•p a�• �� � t , -.-_.
<br /> �'!�..+,��,^ �;."^-� . pay for arhatever is necessary oa gmtezc a'te.��lue of the Property and txndei s rigu�s i�t�e Fre��sy. i.e�at`s�icros way ;��.��.-:
<br /> � '!e:. ` rds , r ., y ,_ .
<br /> �� include Pa!►ing any sums s� 0y �I:.� �i�icb Da� priority over this Sec�nty Yrsu�;���w�"��urt, PayiAg -- --
<br /> � `4'i � • reasonable attorneys'fees and enteting a77.��te�perty to make repairs.Although Lender may t�aa��d��this paragrapL = -
<br /> •' ';:�t� T,.L,�der does not have todn so. : ' . �; : • . '
<br /> k , s :.:':�Y amou�nts disbu�.ed.6y Lendee�mt��,�iis paii .�b 7 shall beoome ad�itional debt of��3an^��r��uced by tlus � y°.�, ---
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<br /> s' ,�� ' a�i � • _ '�c�iic��y Instmmeitt.Untess�c�ra'ower a.r��.+sz�{�,�.�+�i�er terms of paym�ens,cu�e ammus��3�'�i.j�Gt�esi from thc --
<br /> a` ,�i,1�jti� . ..��� ', date`of disl�ac5c�t at t�e l�o� rzte z�c:.�s�i�:i�e payarDf'�e, with inte�est.upon anrice from�xr;tv Borroi�ei cequesting • •;� ,� �'��'�-
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<br /> �� }�4�ay•• 8.Mortg���insmrmnte.:�f���:�:�ed mongage insuranee as a condi6oA o£m�r��te ip�n se+cured by this_Seca►riry . . . x;� -
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<br /> � ��,ci°?�'�. Insm�ment, Bormwer shal!p,�gr r�a pre�i�ns recluireA co maintain�he mongage a�rm�.k�;��ffec�. If, for any reason. We�• "� � "�A-;,
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<br /> � mongage insurance coverage r+:yuited by Leader lapses or reases co be in effoct,Bc�ra's�s��:��y the pmmiums requiied to�; .'�
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<br />-�. ,� � �sr.• obtain ooverage substaarially eqnivalent.rr,,��9a..;mortgage insurance previousty in effoct:��t a�p:�.s�stantially equivalent to the�1 ��. ~ � •:,,;:-
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<br /> �a; cost to Borrower of the mongage iasu��ae.�eviously in effect. from an altemate mortgage�F.urat approved by Lender. [f�' � _��:
<br /> �� substantialiy equivalent mortgage in�uan�.�er�;e is not availab2e.Borrower shall pay to Lcct�tes�•montb a sum equal to ,�, �: '
<br /> i;?.� � ' oIIe-twelfth of ttne yearly mortgage insurane�.�m�is�ax�paid by Borrower when the insuta:.^�aau.c2�v.Fa��d or ceased to ;,,:�:
<br /> ; � ' ' 'e be in effect.E,en�!er arill accept,nse and rer�s:�li�.���j�as a loss resen+e in lleu of•so;'rar`��:u*�. Loss reserve � v �` :;�r ':-:
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