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<br /> �-� °''' ' S. Ha7ard or Pro�sty Insurance• Borrower shalt keep the improvemerts now existing he t r on the ,
<br /> • '- `� propeny insured a�inst loss by fire,hazard.�included within the term "eactended coverage"su►d any other hazards. inctuding
<br /> ' ��;�. ,�• tlunds or ttaoding, for a[uch Lender requires insusance.'['his insurance shatl tse maintained in the amounts and fur tpe periods
<br /> � • that Lertder requires.The insurance c.urier providing ttie insurance shall be chosen hy Borrm;�er subjeci to Lender's appcowsl �: :
<br /> � r " ,�.` �, which shal) not be unreasonabty tivithheld. If Borrower fails to maintam coverage described a6ove. lxnder may. at Lender's „ ,_`
<br /> �� opiion,nbtain covezage to prntett I.cnder s rights in the PropertY in aocardance ovith paragraph 7. � h '
<br /> � y All instaanae p olicies and cenewals shall be acceptable to Lender and shall include a srandurd mortgage ctauae. Letides ° .
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<br /> � • •. sLaU huve the dght to hold the policies and renewals.If Lender requires.Borsower shall ro tl ive to L.ender at l receipts o f
<br /> _ - . paid pmmiums and cenewal aotices.In the event af loss,Bormwer shall give prompt natice to the insurance carriet and Lender.
<br /> . �.c` Lender may make pmof of toss if ant made prompdy by Borcower.
<br /> �: ',. � UnIess L�ader and Borrower otherwise agree in writing,insuiance pmceads shall be applied to restnratian or repair of tbe .:`
<br /> .. pmp�ny darr�aSed.�f the restoration ar repair is ecanomically feas�'b!e and Lender s security is not tesseued.If the reswration or �_:,�
<br /> :.',,: ,. � repair is aot eoonomicaAy fea�n'6Ie or I.ender s security would 6e lessened.the insuran�proceeds sha11 be a{►plied to the sums 1.'_
<br /> secured 6y'[I11S SCNrltjl inctmm n�, whetl�er ar not t6en due, with any exeess paid ro Borrower. If Borrower abandons the ;���,�,
<br /> . '' '' properry.or does not answer within 30 days a nntioe from Lender that the insurance carrier has offer�d to settor to pay�sums
<br /> , '�:`�,,: ` i.eader may coltect ihe ias�ance proceeds. I.euder may use ihe proceeds to repair ar restom the Property _
<br /> '��`; r�'`� secured 6y this Security Iastrument.Kfiether or aot then das.The 34day periad will begin when the no�e is givea. ,
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<br /> - • Untess I.endec mid Bornuwer otherwise agree in wriring, aaY aFPlication of proceeds'W principal shall not extend or
<br /> • ,�:,�, postp�the due datc of t�e monthly paymenss nefeirt;ed ta in paragiapt�s 1 �cd 2 or ch�ge the amoant of the payments.If . "�
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<br /> . ;:a� ,�, " ��P�S�Pb 21 the Pc�periy is aoquiied 6y L�nder,Bomower's righi to any insttrance pollcies and prooeeQs resalting from _ :;
<br /> � �-- _ d az n a ge to the Pro p e a t y prior eo the acqaisition shall pass to l.eades to the extent of the sums secured by this SBe�ritY 1as�nt --_
<br /> ' �' " �mmediaiely prior to the acqnisition. oD;I.�holds. �°-
<br /> �.y. �:;;,;:°c� -
<br /> � '" 6.oc�n�y,r���,��nano��a r�o�on or�e r��y,Borrawes's Loan APPU�
<br /> f`��ar� .... Bomnwer shall oaupY.esta6lish.and use the Property as Eormwer's prin�eipal resdence within sixty days after the execntio�l of �r.
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<br /> ..�:.�-:'.-_.,`�� tlus Security Inshumca�t and shaU oonti�ue to oaupy.the Pmperty as Bomower's�ncipal resideace Eor at least one year after �:_:.
<br /> � � � .. the date of w�a�pas►cS+,un�c�ss Leader otherwise agrees in writing,which oonsent s4�all not 6e t�nreasonabty wit4hcW,or unle� �_--_-
<br /> . -,::'.'�; ':., extcnuating cis+cnmsh�ces exist wtuch are beyond Bormwer's oaatrol. Barma�er shalt not destray, damaSe or impair.the —:--__
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<br /> . property,altow the Ptoperty to deteriorate, ar commit waste on the Propecty. Borrower shal!tie in default if any forfeiture - -
<br /> , �� ..�� . adion or pr4ceediag.whether civil or criminal:is he�m that in Lender's good f�h jadgment ooWd resvlt an forfeitnre of the _ __
<br /> � , ' •.� :,/J� pmperty or otberwjse materially impair the lien cc�Fa�by this Security Insu�or IxQder's security�-Borrower may .
<br /> ',.• ` ± . >;,.: , cure such a default and reinstate,as pmvided in par�aph 18.by cansing the ac6on or proce2�iug to 6e d:.�with a niling __
<br /> � � ��,�'�``•�, � ttiat, iq Lender`s good faith determivation, preclndes forfeiwre asf the Bmsower's intezest c�she Pm�+�� other material �_�
<br /> , ;:,;:...;_. .
<br /> � ` `1'��`:;?•- im�airment of ihe lien created by Wis�ecurity �nsuumem or�er's secnrity intenst. Borrower shalt aLso he in defautt if _
<br /> - �;.. -
<br /> - "; Bomawer.during the toan applis�tioa process.g�ve a�aterialIy fas:or inacc�uate u�formation or statements to 1�ender(or failed. _
<br />_ . ' ::s w provide i.ender with any material infom�ation)in connec,tion with the toan evidenced by the Note,iaclu�g,but�ot limited
<br /> •=:�x- to.cepmseniations conceming Borrower's occupancy of the Property as a principa!residence.If this Security Instr�meat is on a r�--_-
<br /> � l:;,; leasehold, Borcower sha11 campiy with aU the pmvisions of��trase. If Hormwer acquins f�x titte ta tke �'naperiy, ttse
<br /> �••�;,'...:,';� teasehold aud the fee tide shall aat merge unless Lender agrees ta r1T,s merger in writing• e,. -.-
<br /> � �.,. . `. j- 7.Ptatectton of La►der's Rdghts in the Proper�y.If�orrower faiLs to perform the oovenants and agreeu�ents oontained in
<br />— . � : ..�'t; this Securiry Instnunent,or there is a legal pmceedirc�that may significantly affect Leadet's rights'sa the Property(such as a �_
<br /> � . ;, .� �: ,�', pmceeding;n banlaupuy.pmbate.for ooademAatina:ar forfeimre or to enforce laws or regulattons),t6en 1-ender mal►do aad
<br /> ��;i:.. ',:, yfor vr�Y:,C..pver is necessary to protect the vaIue of tfce PtoDerty and Leader's rights in tbe�ropetty.Lender's acHoa4 roay _.
<br /> . .....t 5y:.•.:j"1: �" � earin in court. paying
<br /> �.;5�.>�j:,•, �. inctude p� any snms secured Fsy � tien wt�ich has�priarity�:�ver this Se4vrity I�um�tt. app g !
<br /> .: �:'r`-s�: '��:` reasonabie�tomeys'fees�and enterar�on the Property to make�iis.A(thaug�L.ender m;��take astion under this paragraph —
<br /> . ' .:'� ;; . 7,Lender dces not i���r c�r do so. •
<br /> . � r, pny a�naunts di.�b¢ised by Lender under this paragraph 7 shall 6ecome additional debt of Bomower secureA by this . _:.
<br /> . : Y� Security�nsttument. Un3ess Borrower and Leader agree w ott�er terms of paymeat,these amounts st�11 bear interest from the —�
<br /> �..
<br /> • ' date of disbuisement at the Note rate and shall be payabte. with imerest. upon notioe from l,eader to Barcawer•requesti�g • �;,,_
<br />_ ,. . . ' ' Payment. - -
<br />— 8.11Rortg�tge Iasupaac�e.If Lender required r onSage�nsurance as g�°�tion of making the laan�d by this Security _
<br /> .. ' �..:t�; I�trament, Borrower s6a11 pay the premiums�.ured to maintain the mortgage insnrance in effect.If, Sor any reason.t� �,_.,
<br /> , � mortgage insurance wverage mquired hy Lender lapses or oeases to ba in effect.8csrtower st�aU pay the Fremiums mquired to ! -,
<br /> � � � . obtain covesage substantially e�uivaleat to the mortgage insuranse previously in effect,at a�cast substamially equivalent to the r:::.
<br /> . �`' cost to Borrower of the mortgage insw�ance previously in effect.from an altemate mortg�e insu:er approved by Lender. If �
<br /> � substantialiy equivalent m�tgage irtsuraace coverage is not available.Bonower shall pay to Lender eacb monih a sum equal to �
<br /> ... � ' A�;i one-twelflb of the yearly mongage insurance premium being paid by Borrower when the insuranoe ooverdge lapsed or oeased to _
<br />-- . • r.� be in effect.l.ender will accep�use and retain these payments as a loss reserve in lieu of mortgage insuranoe. Loss reserve �-
<br /> . . Form 3�28 9190 �--�
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