|
�
<br /> R�..•
<br /> .-.�� . �..'.
<br /> .� 'I '..
<br /> , .•. __
<br /> `t . ' . .... .— . .. .... ... . .. .
<br /> S. Haotd or hopMty Iruu�nce. Aorrower �fwll keep the fmpmvemrnt� now ezi4tin� ar heraiRer�r1aYe�d ae tl�e
<br /> PropenY inwrod�irnt lo� by tfre, hwrd� included within the term "eztended cover�e' and �ny other hwrds, includlnR
<br /> ftooda ar floodin�, for which L.aider roquira iruuranoe. Thl� imur�nce�I�11 be m�lntxined in the unounu and for the periods
<br /> � th�t I.ender roquir+a. The inwr�nce carrier providin�the inurar�oe �hall be choeen by Borrower wbject to Lender'�approvd
<br /> whkh ,�t�ll not be une+e�wmbly withAeld. If Borrower tsil�to maimafn oovenge describad above, [.ender may, �t L.ender'a
<br /> �tinn,oMein rnvernYe tn pmtect I.,ender's rirhts in the Proprrty in accordanr.c with pararraph 7.
<br /> All imurmoe policia�nd renewd� slu�il be aaoeptabk to Le�dar �nd sh�ll include a uudard mort�a�e clAUSe. Lender
<br /> �hall h�ve the ri�ht to hold the policia and ra�cwd�. If L,cide�requires, 8orrower�iull promptiy give to Lender all roceipta of
<br /> p�id premiwn��rri renew�l trxka. In the event of Ioas,Borrower�Iu11�ive prompt notia to the inwranoe carrier and l.ender.
<br /> Lender mty n�ake pnx�f of loas 1[not rrwd�e pran�,tly by Barrower.
<br /> Unk�l.,e�der ud Horrower othetwiae agroe in writin�, inaurarkx proceeds stull be appliod ta restontion or rep�ir of tAe
<br /> Propeny d�nu=ed, ii the rator�tion ar re�ir is esoramkally feaaible u�d l.eix5er's aecudty is not lessened,If the reatoration or
<br /> rtpair i�tat aco�amically fatible or Lender's socurity would be leasened.the insuru�oe prooeeda atudl be�pplied to the sums
<br /> �ecurod by thl� Secvrity Irutn�meM, whether or twt thm due. with�ny exoaa paid to Borrower. If Honawer�b�dons the
<br /> Praperty, or dpa not anawer within 30 days a nottce fmm Lerder dLt the insurancs carrier h�u offered W settle a cl�im, tha►
<br /> L,ender may collect the inwnupe proceed�, i,ender may use the procoeds to repair or restore the Property or to pay suma
<br /> tecvied by this Security IrWrument, whelher ur not then due.TAe 30-day periad wiU begin when the notia{��ivrn.
<br /> Unla� L.aide,r �nd Botrower othervvite agree in writing, �ny �ppli�tion of proceads to principd afWl rat extend or
<br /> poupone the due�te of i1w monthly pwy�ti�its rcferrwl tu in prr�►grrphs 1 anJ 2 ur ch�ngc lhC anwuiu uf the p�ycr�n�i. If
<br /> undet pWajnph 21 Ihe Propetty ii aoquired by I.ender,Borrowet's right ta any insurance policies and praoeeds resultin�fmm
<br /> dam�ga to the Property prior to the acquisition shell pass to I.ander to the eztent of the sums securod by thie Securiry Inswment
<br /> itntlo0dludy q'i0r W tr1E�Oquisiti011.
<br /> �.Ooap��,h+�tba,Maintemmce aed Ptbtaibn of tbe Property;Borrower's l.oan AppikaHon;I.casebold�.
<br /> Borrower alyll oocupy.atablish,and use the Property�us Borcowu's principwl reaidence within sixty days�fter the execvdon af
<br /> thit Security Iradumak and�tull oontimre to oocupy the Property aa Borniwer's principl residena for�t tast one yar after
<br /> d�e d�te of oa.�y.unleu l.er�er otherwiie yroa in writing,which conaent shall �wt be unroaambly witbhcld, or unlaa
<br /> exteouatia� circwtutanas e�cist which u�e beyond Horrower's control. Borrower ahall not destroy, dun�ge or imp�ir the
<br /> Propaty. allow tbe Prope�ty to deterionto, or oo►nmit waue on tl�e Property. Borrowu shall be in def�ult if amy fodeiture
<br /> a�etbn or pra�eedir�, �vbether civil or cricnlml, is begun tlut in Ler�der'a good f�Ith judgment could resuh in forfeiwro of the
<br /> °w��=;a:��.'s��3x�arf:!!�im�x3r sl�.:i�zr--.,.tw b,tF„s�:::ty Isb:ru�r.;,rst ar i.�,�lar's s,,..-�rir;in,�ct. Earra::a m:; _
<br /> aue a�d�a default and�+eintqte,u provided in p�ragraph 18,by csusing the�ction or proceoding w be di�mis�ed with�rul3n�
<br /> dait, in Laxkr'��ood faith detertni�tion, procludea forfeJture of"the Bortower's interest in the Propetty or ott�er m�terW
<br /> imprire�tt ot the lkn cct�tod by thia Socuriry InatrumcM or L,e�der's securiry interest. Borrower slWl dsa be in defauJt if
<br /> �"i3ormwKr,duriu�the loan appli�tion proeeaa,�ve m�teridly ful�e or inaccurate infortnuion or atatunenu eo l.ender(or fiiled
<br /> to provide L,eadet witls�ny material information)in oonnertion with rh?tn�n.�v�ed by the Nnte.includin�,but not litpited
<br /> w.�prdiar�o�u oorcenun�Borrower's ocap�nc.y of the Property ss a principsl reaidence. If this Socuriry Instruma�t u on a
<br /> IeaKhoid, Borrower eh�ll comply with all the proviiions of the lesse. If Borrower ucquires foe tiHe b the Propaty. t6e
<br /> lerdwld aad the fa dde ahdl not merge unlaa Leider�rna to the merger in writing.
<br /> 7.11W�et1�ot I,mder's RiS6U in t6!Pro�a�tr.[f Borrower fdls W perform the wven�ntr and agnem�aus oawined in
<br /> tt�a Secudry Imwmenc,or there is�leg�l ptoceeding that may significantly�ffect Lender's ri�ts in the Pt+operty(wch at a
<br /> prooeeding Sn b�nkn�ptcy, probate, for cardmio�tion or forfeiture or to enfom I�w�or rc,�ttlntiona),�then L.ender m�y do aod
<br /> pay tbc whaoever is neoasary to protect the vdue of the Property and I.a�der'a righta in the Propeety. Lrnder':�iom mry
<br /> iodude payfns �ey auass sew�od by a lien w�hich h�s priority over this Savrity Ineuumeru. � iri,.:coutt, p�yin�
<br /> ra�ble�ttorneys'fea��sntering on the Property'.ta.m�ke.repairs. Although I..rnder may take rclion onde�fhio p�es�+�ph
<br /> 7. J.ender doa eot h�ve w cb so. .
<br /> Any mnoun� disburaed by l.rnder pi�der thia �ragrmh 7 cFWI b000me addidon�l debt of Horivwer teaued by ehi�
<br /> S�curity intrumait. Unleeo Borrower�nd L.ender egroe to otl�er terma of paymrnt. these amounta ehall bar intereet fiom t6e
<br /> d�te of di�bursemeet u the Note rate md s1Wl be p�y+ible, with intereat, upon ndioe from Lender to Borrowa �eyuestinj
<br /> PpY�•
<br /> a.1NMi�e Lwnt�ee:`l'f l.ender roquirod mortgage inwr�x u a condition of rtW;ing the IQm�ecurod by this Sec��rity
<br /> lnstrumeut. Borrower�lull p�y the ptemiuins requirod to munuin the murt�ge inwnnce ln efted. If,tor any n�eon. the
<br />� mort�e imuranoo ooverage required by•E.ender lapses or caaes w be in eff'ect, Borrower shall pny tho premiwru toquirod W
<br /> oMain oovensc wb�ntially oquivalent W the mortgage insuruKx previowly in�ffect, at a oast wb�tantidly e4ulvaleat to the
<br /> oou to Bonowa of the mottgs�e ineunu�ce previously:ii�,efFoct, fran an dternate mortQage insurer approvetl by laxkr. If
<br /> wbet�atLlly eqaivda�t mo�tasge insur�noe covtrage ie not availabla.Borrow�er shall pay to Le�der ach month a sum equal W
<br /> one-t�velfth of the yarly mo�age insurance premium being psid by Bomow�r when the insurance cove�age lapeed or cea�ed w
<br />, be in effia.�t.I.eader will acxropt,use and refain these paymente as �loss reserve in lia of mortgage insunna. Lwa reserve
<br /> Form�02t fH0
<br /> v.�.aaa .
<br /> ' • •� . N
<br />
|