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<br /> S. Hunrd or Propaty insurance. Bonower shall keep the impruvements now eaisdng ar hefeDfft�r�ected nn the ,
<br /> � Property ituured against loss by fire.hazurdg ir►cluded witdin the terat "extended coverxge" and Any nther tiaz�rd.9, iacludiug { .��-
<br /> � floods or floodin�. for which Lender reqaircq insurance. Thie insur�nce shnll he caalat�ined In tue iuuaunts anJ fc�r die�eri�►Ja � _ _
<br /> tbAt Lender requltey.The insunnce earrior providln�the inSUrxnce st�all be cho.cea by Bntrnwer subJcti:t tu l.eixler'y wpprovwl
<br /> � which shall mt t�e unreASOn�bly witUdeld. If Horrawer fail�to mxintxln coveruge dtscdbec!Abnvc, l.encler mAy,xt l.eixler's � --
<br /> ti�� opdon,obtwln caver�ge to pratat Lender's rlghtai ia the Pmperty lu uccnrdance wiW paragcaph 7.
<br /> All insurauce poltcies and nnewais sh�ll be accePtxble ta L.ender and shall include n Ftundard mongage elAUSe. l.e�uler
<br /> stwll bAVe the right to hold the pollcles and tenewxls. If I.ender requires. Borrower sball prawptly gtve tn Lxnder all receiptx of ;_
<br /> ' paid premiums aad nnewal nodces. la the event of loss, Borrower shtill gtve prompt nadca ta the insur�nce carder acxl Leader. 1�
<br /> Lender muy au�ke proof of loss if not made prompdy by Barrower. --
<br /> Unless Leqder and Borrower othetvvlse agm in wridng,insorence proceeds sha11 ba applted to restoradon or repatr of thc
<br /> Propeny damaged,if the restondoa or repair is ecanomles�111y feasible ancl Leadar's security is aat lessensd. If the testoration or
<br /> repair is mt economic,ally feasible or Lender's securlty would be lesseatd,the insurance proceeds shall be applied to the sums
<br /> saural by this Security Inct:ument. whether or not then due. wlth any excess paid to Borrower. If Horrower Abandons the
<br />� Prnperty, or does not aaswer withia 30 days a nodce from Lender that the insurance carrler has offered to settlo a clatm, tben .
<br /> Lender may collxe the insvrwre proceeds. Lender may use the procecds to repair or reswre the Property or ro pay susns _.
<br /> secund by this Securlty IaStnimenc,v�hether or aot then due.The 30�day perlod wtll be81n when the aodce is glven. __
<br /> YbC
<br /> Unless L.encier and Borrower otherw3se agrx in wrtdn8, anY applicudon of p�s to principal shall not extcnd or
<br /> postpone the due date of the monthly payments referred to ia paragrapbs 1 aad 2 or change the amount of the payments.If uuder �;
<br /> ���: Paragraph 21 the Property is acquirod by Lender, Borrower's rlght to aay insurance policies and proceeds nsuldng from —
<br /> damage to the Property prtor to the acquisidon sUaU pass to I.ender w the extent of the sums secured by thls Saurlry Instrument
<br />' immediately prior to ths acquisitioa
<br /> 6.Occupancy,Preservatloa,Maintenance aad Protectlon of We Pcoperty;Borrowar's I.onn Appltcationi I.easeholdq.
<br /> . Borrower stwU occupy.establish.and use the ProP�nY as Horrower's prisycipal reside�e within sixty days after the exerudon of
<br /> r this Se�urlty Instrument and sLx11 condnue to occupy the Pmperty as Borcower's princtpal resldence for at least one yeaz afcer _
<br /> • ' the date of occupaacy,unless Lender otherwlse agrees in writtng,whtch consent shall not be unnasanably witUheld.or ualess
<br /> - e�ccenuaiing c;n,-uu�sta� ��.ist whlch arc �yaud Sarra��er's control. BQrto�*!�r ahAtl n�� dectmy: dainaBe or impair the •-
<br />" Properly, Allow the Property to decedorau, or commit waste on the Property. Borrower sball be in default if any forfeiture —
<br />� acdoa or proceeding. whether civil or crIminal.is begun thac in Lender's 800d faith jnd�ent could result in forhiture of We
<br />�:< .� � property or otherv�►Ise materially impaic the lien created by this Sxurlty Iastrument or Lender's securlty int�rest. Bornower may
<br /> cure such a default and ninstate.as pmvided in paragraph 18,by causing the acdon or procealing to be disaissod adth a nilln8
<br />�'�� � tLat, Ia Lender's good faith determinatfon, precludes forfeiture of the Borrower's interest ia the Pruperty or other mateciAl
<br /> '�� � impairment of the lien created by this Securlty Insmunent or I.ender's securIty interest. Borrower shall also ix in default i�
<br />�;,�.,,... .,.`" . Borrower.durIng the low applleadon process,gave maurlaUy false or inaccurate informadon or statements to L.ender(or failal
<br />�e';�-,,� . co provtde L,ender with any aoaterial infom�adon)in connecdon with the loan evlde�d by the Note,Iacluding, bnt not limited
<br />��;__�:.. ��-�. co�represenpUlons concerniug Borrower's occupancy of We Property as a principal residence.If this Securlty lnstrument is on a
<br />�: �'�`�'�''� �� lwsehold� Borrower s1�U comply with all the prov�sions of the lease. If Borrower acquires fa dtle to the Property, the
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<br />�°�-"-" � leasehold and the fee dde shall aot muge unless I.ender agrees w the merger in wrtting.
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<br />-"- :���.,.`.:;�,,. 9.Protaflon of Laader'e Ri�hfa in the Property.If Borrower fails w perfoim the covenants and agc�ents co
<br />--:y:°'s:;,•J,�, this Securtty lastcument, or then is a leg�l proaedln8 that may signiflcautly affxt Lender's rights in the PmPertY (euch as a
<br /> .,�:. praceediug in baniauptcy,pmbau, for condemnation or forfeiture or to enforce laws or nguladoas),then I.ender miy do xnd
<br /> �-�': ' `� paY for whAtever is necessary to protect the value of the Property and Lender's rlghts in the Pmperty. I.ender's acdons mxy
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<br /> iioclude p�ying any swns secured by a ]ten which has priority over tLis Sxurlty Iastmment, appeuing in court. I�Y�B
<br /> ".•:''`�•,"°, � teasonable atWmeys' fas and entering on the Pmperty to nuake repairs. Although Lender may t�ke acdon under tLis ParagraPh _.
<br /> ''A�;�__ 9�Lender does uot have W do so.
<br /> Y`'"�,;.": ` Any amouats disbursed by Lencler under this parxgraph 7 shall become addldonal debt of Borrower saund by this
<br />_;,;�'��.._ Secnrity Instcuwont. Unless Borrower and I.ender agree to other ucros of payment, these amounts shall bear interest from the _
<br /> , .- ',.. date of disbnrsement at the Nou rate and shall be payxble, wlth intenst, upon nodce from I.ender to Barrower requesting � —
<br /> PAYment• -
<br /> ' 8.MottQa�e Las�u�ance.If Lender nquired mortgage insucance as a condidoa of making the lw►n secured by this Securlry
<br /> In�uument, Borrower shaU pay tbe premiums required to maintain tlie mortgage insurance in effect. If, for any nason, the
<br /> mortgage insurxvice coverage required by I.ender lapses or ceases to be in effxt.Borrower shall pay the premiums requ�red to •
<br /> obtain c�venge substanti�lly equlvalent w the mortgag�insurana previotuly in effect,at x cost substantially equivaleat to the �:-' ��_
<br /> ' � cost to Borrower of the mortgage ins�rance prcviously in effect, from an alternate martgage insunr approvod by Le�ler. If i:.�-_-
<br /> substantially equivalent mortgage insurance coverage is not available, Borrower shall p�y to Lender each month a sum equal co � ,;.-•-
<br /> . one-twelfth of the yearly mongage iativrance premium being paid by Borrower when the insurance wverage lapsed or ceased to •";.:.� _
<br /> be in effect.Lender will accept. use and nusia these payments as a loss reserve in 1[eu of mortgage insurance. Loss reserve > '-��'�.''s�—
<br /> Fam 302�a)�8180 •'�.`r;!=T.
<br /> - � � ��6RINE!uat2i.oi ap.�et• wa.r;y�_��' . .�
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