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<br /> °`' "t ` S. liazard or Frops�rty Ins�asnce. Bosrower$hall tce�the impm�ements now existlffg oi Ge?"�er erect�l oa the ,'`".
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<br />_ ... .:. ,r; ...,..., Pmgecqy insured against loss by fire.hazands iacluded within t�e term exteaded coverage and eny otfler ha�ards. iactading ,
<br /> . �, a..,;.'.�, .. �toods or flnodiag,for whi�Leader req�ires insurancc.This insaca¢�r.e shall be maiatained in the amounu aad for the p�ds .�,� <>-
<br /> `,°:"' ;,f �•: . thaz Lead�r requic�.The insi�aaa�e cariier'pmviding tiie iasurance ahall be c�osen By Borrower subject to Lender's approvai ;:.�,
<br /> .``���;`.``.�-. . wbicb sLaU not he anreasonabIy a�thheld. If Bomnwer fails to maiataiu coverag�:d�ed aho�►e.i�ender may.at Leader's, ,'�,,.:�.F
<br /> option,o�tsin coverage to pmtect Lender's rights ia rbe Fmperty in accordance with paragrapL 7. �� fr :
<br /> ,.' , ptl ins�uaace policies and ieneewats sball be aoc�table to Lender zad s'hall inclade a standard mongage clause.Lender ,:.';�:.;
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<br /> �� 5<i:� '. sha11 have the r� W hold shs olioies and renewaIs-If Leader reqniies,Borrower shall PmmPfll+give to Leader all receipss af , ' �;�.�;
<br /> � «.apiww t�sf�..�o,.,wn�f lrco Rnret►arp.s S1ta11 Qive tft0lADt IIOtIC2 W�IC�TISDIBII�C CBfIiCI 2IId Y.CA�2Y. c t:�,
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<br /> ��� `�," � i�nder may make prgof of loss if not made Pr�mPUX bY Barrower. ,.s•`.
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<br /> � ,� ��Y� • Unless LQnder and Bamower otherwise agree in writiag,ins�aace proceeds sHaU be appli�to restoratioa or repair of tbe ,,1
<br /> L ';s _ , p m p e rt y d a m a 8 e d•i f t h e t e s t o r a t i o n o r r e p a i r i s e c o a o m i c a l l Y fe�le and L.eader's secuaty is not lessened.If the resstar�Ion or
<br /> l.�;, iepair is aot ecoaomically feasibls or Lender's seauity would be lesssaed,the insurance pmc�s sball be applied to the snms ! °^
<br /> � ' �`: . sesare�by this Sec�riiy tastnm�ent.�vhether or nai then due.wIth aay excess paid to Borrawer.If Soirower abandons the . �:, �.;
<br /> ;:�`�.,,;,`��Y pnoperty,or does not ansa+er wiihin 3Q days a aotice from Lender tt�at the�asucance rarrier has offered to senle a claim.then � a
<br /> r P Ixnder may collest the imurance praceeds. Lender may use the p�eds to tepair ar�estose the PraQeny or to pay sums _
<br /> � sec�red by this Se�rity Ius�ment,wbether ar not thea due.The 30-day periud w�l begin whea the notice is givea. �
<br /> �� .. ,,, -
<br /> � � � `. Un2ess L�ader aad Borrower otheiwise agr�in writi�g, aup aPPl�nn of pr+oceeds ta princigal shall aot e�ctaad or . ,�.; :_:`
<br /> ".` ` .' "�� ,:�:', � refeired to ia paragiaphs 1 and 2 or change the amouai of tha payments. If
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<br /> , � .: � < postpane tiie due date of the ma�1Y Paym�s � ph , .
<br /> ° � aadei paragraph 21 ttte BropertY is acquu�bJ►I.ender,Bonower's rig6t tu aa}r insncance policies aad pmceeds resWting from
<br /> v• ` damage co ttue ProPert3►Paor to the acquisitioa shali pass w I.ender to the extent af the su�s�by Wis Sec�rity Insnvment
<br />_ `, �iatelY PrIor to the acquisidoa. ` `'-
<br /> . <4`' ,'`., 6.t�rcuP��9.preservation.Meintenance and PratectEon of the ProPeri9,.Barrower's Loan Applicatiom,Leasehotds. �:;�'__'°
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<br /> � Bo�wer shali occupy,establish;and use the Property as Borrower's priaeipal cesideace-witbia siaty d'ays aRer the execusion of . �:.:::::_.
<br /> �;�,`.:: this 5ec�ariry.Insuament and s5all conanue to aocupy the Property as Borrawer's princtpal feside�ue for at least one year after � _
<br /> �.�,;�;--.:';:%;. the date of u�aacy,uatess Icnder othetvr�se agrees in�vrittn�,rv�ich consent shatl norbe amreasonablx witkheld,or unless. �'��n-,
<br /> '�^�� . ;•'� extennating cinatmstaaces exist vrh�ch are beyond Sorrowes's �ni. Borrower s6at1 nat desuoy. damage or fmpair the y�:..
<br /> � •_ �. _�
<br /> Y�ropeciy,altow the Pmpetty to deterio:ate,or comarit waste on ttse Property. Borrower shall 6e in�default if azry forfeinue �,;,.
<br /> . , ��`�':'' acdoa or procee�ling,wdether clv�ur cri�aal,is begtm that in I�et's gaod faith judgment ooutd re.4uit in forfeitu=e of the "`--.
<br /> .,f.`�� � pmperty or otherwise materlally impair tlie lieu created by thts S�curiry lnstrumeat or Lender's seauity iaterest.Borrower ma)• �'_=�^�
<br /> `r`:.- taue such a default and reinst�te.as ProviQ�zd in p�h 18,6Y cansiag the acdon ar prxeeding to be�ismissed witil a rullstg � e-
<br /> . . ; ' ' .that. in I�ender's good.faith determinatian,Precludes forfeiture of the Boirower's interest ia the Property or other materia! �.-}:
<br /> ' � .� ; ' impaaat,errt oY the lien�reated iry this Seauity Insaumetu os Lender's securiry intecest. Borrowet sbial!also be in d�fault if ' � . --
<br /> . . Burcower,during the loan applic�tion process,gave materiaUy false or inaccnrate informatioa or statements to I.ender(or fa�ed .
<br /> - - f�.` to provicT2 H�ader with'aay material information)�ia coanection widt itie loan evidenced by the Note.iacludiag.but nat lImited �__ --
<br /> . � � to,represea�acions Foaceming Bormwes's occupancy of the Prog�ty as a prIncipal residence.rf this Securicy Iasttameat is on a ,.:�-
<br /> '� leasehold, Boaower sbaU comply witb"aU the provisions of the lease. If Borrawes acguires fee titie to ttte Property, tha �r�`;�=
<br /> �� .� . teasehoid and the fee tide�all noi mesge unless I.end�agra�tu the merger in writing. ���'�"-,::
<br /> �� ?.Proteriioa_of Ls��ec's Rig6ts in the Prap�¢y.If Borrower fia�'is tn perfarm�he covenants and agreements.contained in
<br /> . . •. ti�s Secn�Ity Insuuma►t,or there is a 1ega1 pracecding that may significandy affect l.ender's riglua iri,the ProPertY fsucb as a . �,.; '
<br /> ,� pmceeding in bankruptcy,probate,for condemmation or fo r f e iture or to en force Laws o r r e g u l a t i o n s),t h e u L e n d e r m a y d o a n d _
<br /> - - ' � pay for ahatever is uecesssuy to protect the valne of ths Property and Lender's rights ia the Ptoperty. I.eader's actions'may
<br /> ^.,z;�y...��, include paying any sums sec�ed by a lien whic� flas prioriry�over[his Se�auiry Insttumeni�. aPPeariag in courf, PaYiag --
<br /> � � reasonable uttomeys'fees and entering on the Propeny to make repairs.Althougii�.ender may take action under thia paragraph . '.
<br /> . � 7,Lender daes not have to do so. � �����'�'�
<br /> .. ° � . � Any amounts disb�used by Lender under this paragraph 7 shail become additional debt�of Borrower setuied by this ..-:�-�
<br /> � � Securiry Insuument. Untess Borrower and Leader agree to other terms of paymem,these amousits sball bear interest from t�e �_
<br /> � , ,c{ate of disbursemeut at the Note tate aad sha11 be payable, with interest.upon nodce from Lender to Bonow�r requesting. �
<br /> paymeat. � �
<br /> ' ` ��'�� 8.Mortguge Insm�ance.If l.ender required mortgage insurance as a condition of making,the loan secured by this Seau;iry 3
<br /> IISIII II
<br /> . . ,.. �` Insmuaent.Borrnwer shall pay the premiums requircd to raaintain the mongage insurance in effect. If.for aay reas�. We ��._`.,
<br />_ . '' moMgage iasurance coverage required by Lender lapses or ceases to be in effect,Borrower shall pay the premiums required to r.=..:�_�
<br /> . . ., . .. .'�,. �
<br /> " � '' ; � � obtaia covera ge substantialIy equivalent to the mortgage insvrance previously in effect,at a cost substaadatly equivateat to the ,
<br /> . . . � , cost to Borrower of the martgage insurance previously ia effec�.from an altemate mongage iasnrer approved by Lender. If ..
<br /> � • : � , snbstanti�tly eqnivalent mortgage insurance wverage is not avail�b2e,Borrower shall pay to Lender eacb month a sum equal to
<br /> • �� � one•twe:.�cf the yeariy mortgage iasurance premium beiag paid Lq Borrower when the inscs��ee covergge Iapsed or ceased to _ ---
<br /> � . . be in effecs.3.ender wi�l ac,cept.use and retain these payments as a lass reserve in lieu of�rtgage insurance. Loss resenre
<br /> - � Form 3C2�
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