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: � � ... <br /> il -- �:-..'�'��"ri;3S v�'.6'� . . -`�T�.*�,--_ '� ' . i �t � �?'Y�.1 _ _ <br /> � �� • . . 'i _t "r i . . <4�3Fi <br /> ;• � • • • ��> ' <br /> y-."`ti.,�PN�tt � : - +'�� , ... . ... � <br /> � . . . . . . .::e . <br /> . � .. o . � ". " . - <br /> ' •T.!1, - � - . . ".l ' .. ., - � . .s;��_:''__.-. <br /> . . -- - - - - ---- ••i i.,. :i�iv�',:.,c--. <br /> � ...� . .... . ._...., .._.�.w . <br /> . -.__ _ ��. ..,�---� - ' - .:w..n...�x�d.u-.�+{-.:.:"_._;S_..•--�_s.�i� �i� _- -a', - .- .-_ - - <br /> _:�:�=� �- � "_'_,,,,, . - �w.�..ru.., ..;, ' . . . -..�-,-.._�._`�..--_,_. <br /> . ' �.`. .. '�r. _ <br /> _� . ____ �.�_ �._,_�� .x�___....� .�� �W�.�._.....__ ' _ '. "n ' ',-e.,..+.:_ <br /> Q _ if���3 <br /> S. fipaacd or Propetly Insurnnce. Borcower ehall kcep the lmoruvemen�s nuw exirting t+t�ercufter ercctc� on the <br /> Property insured against loss by fim, hazards iacluded wlthin thc tcrm exteenied rovemge and nny ather h�uurd9. inctudin� <br /> .. ,� <br /> Roods or ftooding,for which Lender rcquires Insuraitoe.This insumnce shall 6e maintnined in the i►mouats c�rtd far th�periads — <br /> t{»t Lender requjres. The insucance ennier providing the insurunce tihall be chusen by Bomawer subject to Lender's appsuval <br /> which shall not bo unreasonubly wilhheld. If 8a�rrower falls to maintain cav�mge described abnvo, Lender may,ot l.cndcr's <br /> option.abmin covemge to protect Lender's rights in the Pmperty in uccordancc with paragmph 7. <br /> All lnsurartce palIcies and reaewuls shall be accc�tablc to I.endcr und shall tnclude n standz►rd mortsagc clause. L.ender <br /> shalt have the right tu huld the palicies wui renewnls. !f Lender reyuire.r. Borruwee nhu11 promptly give to L.�ndcr att rc�ipts of � <br /> pnld premiums and rene�val notices. In the event of lou,Horro�ver�hnll givc prompt notice to the im+umnce carrier and Lender. <br /> Lender may mnke proof of toss if not mude pmmptly by Botrower. <br /> UNess Lender and Borrawer othenvise agree in wdting. insurnnoa proceeda shall be nppticd ta cestomtton or repair af the <br /> Property damaged.if the restoration or repair is ewnomically feasibie ur�d Lender's security is noi l�ssened. If the ratomtion or <br /> repair is not economicaUy feasible or I.ender's security would be lessened,the insumnce proceed.s shull be npplted to the sums <br />- secumci b�r @►.is Scc�er.�ity �trument, whethcr or not tt�en due. wit1�uny excess paid to Bonower. If Barrowcr abandans the - <br /> Property.oe does aQa answer wtthin 30 days n nodce ftom Lender that the insurance currIor has offered to settle n claim. then <br /> Lender cnay eo►lect Ylte i��surance �coseeds. Lender may use the proceeds to repair or restore the Froperty or to pay sums <br /> securod 0�y ehis Socuret�r Gnst�umettc.wk�etCr.er or Rot then due.The 3Mlay pedod witl begin when the noticB is given. <br /> flJmtess II ender �d TT�orsowea� oIIi2eevais�a�r� nn wrIting. any appltcation uf prosxeds to principa� sh.att �ot extend or <br /> �ostpoux tiee due date of tP�e monE�ily payuaents refe�od to in paragraphs 1 aad 2 or change the umoune of et�Qmy�s. If <br /> under paea��;�1�21 the Prnperty is acquiaed by II.ea�er,�ocrower's right to auey i�nsuraace policEes su�d praeevds�esuitin� ftmm <br />- damage to ilae�bperty prior to the acquisition sDeall�ass to Lertder to the exteret of the sums secured by tfiiis Securiry P�nstrmYncn.s � <br /> immedia48iy ryr�acrr to the acquisiHon. <br /> 6.�rt��a�oucY,Pn�servation�Maent�re andl�S�ctHmm�ff tE���ropeaty;�arro�sea's b�n Agn�fia�4Gmn;L�¢�!c+t�. <br /> Horrower sh�ll occupy.establish,and use the Property as Borrower's priauipaL resid�ence wit�in s:aey�ys a43er tl`ce exewEicm og <br /> ttus Secutity Qnstn�ment and shall con4iave to occupy the Property as B�rrow�r's�eanci�al residence for at least oae yeaff after <br /> the date of occupancy.unless Lender ai�.xwise ag�es in writing, whicln oonsent sawll not he w,r.ru�sonably withheld. or u�raic�s <br /> extenuating circumstances e�st which amr beyond Bornower's contso!_ Borsotva� shall �a�Y �es2roy. damage or im�punrc flbe <br /> Property, altow the Pioperty to deteriorate, or commit waste on the Properay.;�t�isrQw�r sQaal! bo in default if any fozE'eatw+� <br /> action or pmcceding. whcther civil ar criminal, is begun that ia l.endcr's gomcl�nith judgmeat could resmLt nce fo�feitur�a�f�Itg <br /> Property or otherwise materially impair the lien creat�d by this Security?instnimGn3 or Lender's securlty iatemz.4��. Horrowe�r c�}r <br /> cure such A�ifault and reinstate.as provlded in paragraph 18,by c�using t�e actiaa�:dr proceedin$to be dissnlssed wlth a aanti�+ <br /> that. in 1.�:�r:lc<r's goai faith determinatio�e..preciudes.farfeiture�ad a�� �or[oyr4r',s.interesc irt acte Prvperiy ur UIl1Gl 111ttIC1H'lt <br /> imnpairnient':ar�;tlie lien created by this`Secusiry �Ins¢�i�me�t or L,endex's securdt���mterest.Bornower shall s►iso be in default if <br /> l�vvrower,�turing the doant�ip�licatiq,ra�pmcesS,gavr•u�ate�ially false or inaaurate 3nfomlation or statements W Y.er�der(or failed <br /> to provide I.ender wit�i ua►�arrateai�Q int'oa���ion)in connection wtth the loan evidenced by the Note,including.but not litnitad <br /> to�mpresema�eio�conr,e�niug�vr�ra�wer s oscupancy of the Property as a principal residence.�$f 4his Security Inswment is on a <br /> leaseholat. �fmrmwer shall comply wiah ali the provisions of the lease. If Borrower acquir�s fee title to the Property. the <br /> leasehold asttt''tlie fee title shall not merge unless Lender a�rees to the merger in writing. <br /> 7.Proteslion of Lender's Ri$hts In the Prnperty.If Borrower fails to perform the covenants and agreements contained in <br /> tt�is Secunty.IastrumPnt,or then is a legal proceeding that may significantly affect Lender's dghts in the Property (such as a <br /> pmcxe�eeeg:�in bankruptcy,pmbate. for condemaadon or forfeit�re or m enforce laws or regulations), tt�en Lender may do and <br /> pay for�vfia¢ever{s necessary to protect the value of the Property and Lender's rights in the Property. Lender's actions may <br /> include pAyi�g any sums secure� by a lien which has priority over this Securlty Instiumem, appearing in coun, paying <br /> reasonable attorqeys'fees and entering on the Property to make repairs. Althougb L.eader may take action under th[s paragraph <br /> 9.Lender does not have to do so. <br /> Amr eraounts disbursed by Lender under this parbgraph T shaU 6eeome addidonal debt of Borrower secur�l by„this <br /> SecurFty Iastnuaent. Unless Bornower�and Leader agree w other tem�s of payment.these amounts shall bear interesrt f�i�Afi�e <br /> date of disbursement at the Note rat�nnd shall be payable. with interest, upon nodce from Leader w Borrowor r�oqi?�sli�ng <br /> payment. : ' <br /> 8.Mortgage Ia4ur8nce.If L.ender required mortgage tnsurance as a condidon of making the loan secured�y tlais Sec�rIty <br /> Insm�ment. Borrower shall pay the preraiumg required to maintain the mortgage insuraRce in effect. If. foi ttny reasn'�••�e <br /> mortga�e insuraiece coverage required by Lender tapses or ceases w be in effect,Borrower shall pay the pmm[wns requBvec�tq <br /> obtatn mwv�zuge substantialiy zquivalent to the mortgage insurance pt+eviously in effect, at a cost substanliaUy equivalen3�Qp t$e <br /> cost to Boitower of the mort�e insurance previously in effect. from an altemate mortgage insurer appmved by Ixnde�. If <br /> sabstantially equivalent mortgage insurance coverage is not available.Borrower shall pay to Lender each month a sum equal to <br /> on�twelfth of the yearly mortgage imsurance pnemium being paid by Bormwer when the insuranoe coverage lapsed or ceased to �`' <br /> be in eff�ect.Lender will accept.us��R retain these payments as a Ioss reserve in lieu of r�sattgage insurance. i.�ss c�sevr+e <br /> Parm 3028'•'"•al90 <br /> .. Pape 3 ot 8 , , . . <br />-- - ., . ,.. }'; ... <br /> r:_n: iL.�7 '4R;'�^S'�'-.�. 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