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<br /> . 97— iia�s�
<br /> S. Hazard or Property Insurance. Borrowet shull keep tlie in�prnvt�nentc+ ��nw existing ��r hereat'ter erected un thc: _
<br /> Prup�rty insured xgainst loss by fire, hi�zKrds included within the tenu "extended coverabe" �►ncl any od�er lr.wuas, incluQing �
<br /> . floads or flaxting, for which Lxnder reyuires iittiurauc:e.Thls insurance shall he maintained in tlte wnuttnts and for tlia pericxlti
<br /> that Ixnder requlres.TI��Insurancx currier nroviding ti�e iasurance+hall be clia�en by Borrower suhj�„�t�r m�yer's xpproval
<br /> �*"�`'""� which slixll uot be unreasona1hly withlield. If Bonower falls to niaintaln coverage detis:ribea ahove, , xt Lender's
<br /> `"'"""""�' aptian,obtain caverage ta protect I.ender's dghts in the Praperty in acwrdance wlth pxragn►pl�7.
<br /> �+ All insurance policie.q and renewals shall be acceptable to Lender and shall include a standard mortgnbe cli►use. I.ender
<br /> i shall have die dght to hold the policies and renewals, If Lender requlres,Bonower shall prampdy give to l.ender all receip45 nf
<br /> j paid premiums and renewal uatices. In d�e event of loss,Bonower shall give prompt tiotice to tl�e insurdnce carrier xnd l.ender.
<br /> + Lender may muke praof of loss if not made proniptly by Banawer• _
<br /> I Uuless Lender and Horrower odierwise agree in wrlting,insurance proceeds Shall be applied to restoradon or repair of die �
<br /> � Property damased,if the restoration or rspair is economically feasible and��e iusura�ce proceeds shall be applied to the sums =4
<br /> -� � repair is not econouiically feasible or Lender's security would be lessened, �'
<br /> �`'1 secured by this Security Instrutnent, whether or not then due, with any excess paid to Bonower. If Borrower abandons the �
<br /> ' '- � Pmperty, or does not answer within 30 days a nodce ftom Lxnder that the insuranee cunler l�as affered to settle a claim, then
<br /> ,i nr to a sums
<br /> Y Lender may collect the Insuran:,e proce�ds. Lender may use che pruceeds to repair ar restore the Propert3� P Y
<br /> ; � secured by this Security Instrument,whether or ttot then due.The 30-day period will begin when the notice is giveu. —
<br /> � Unless Lender ana Borrower otherwise agree in writiAs. any applicadon of proceeds to pducipal shall not extend or
<br /> postpone the due date of the monthly puyments referreci to in paragrapl�s 1 und 2 or change the amount of the payments. If under
<br /> ��. paragrapli 21 the Praperty is acquired by Lender, Bonower's right to any insurance policies and proceeds re.suldng from
<br /> damage to the Property prior to the acquisltion shall pass to Lender to the extent of the sums secured by this Security Instrument
<br /> immediately prior to the acquisition. I�eatlon;Leusehold9•
<br /> 6.Occupancy,PreservaUon,Maintenance and�'rotection of the Property;Borrower's Loan A�pp
<br /> "� Honower shall occupy, establisb.and use the Praperty as Bonower's principal residence within sixry days after the execudon of
<br /> . this Security Instrument and shall condnue to accupy the Property a.g Borrower's principal resldence for at least one year afeer
<br /> __ �_� the date of oa:upancY, w�less Lender otlierwise agrees in writing, which consent shall aot be unreasonably withheld, or unless
<br /> � � extenuadng circumstances exist whfcb ure i�eyond Borrowc,'n coniral. Barro::�er shall not �ecnoy, dama�e or impair the
<br /> �,� Property, allow the Property to deteriorate, or cominit waste on the Property. Borrower shall be in default if any forfeiture
<br /> y action or proceeding, whether civil or criminal, is begun that in Lender's good faith judsment could result in forfeiture of the
<br /> e�� P ro p e rt y o r o t herwise materially impalr the lien creuted by tliis Security Instnunent or Lender's secucity interest. Horrower may —
<br /> _ • a cure such a default and reinstate,as provided in pataSraph 18, by caus iug t he ac don o r p r o c e e d i n g t o b e d i s m i s s e d with a rulin g _
<br /> that, in Lender's good faith detemunadon, precludes farfeinue of the Barrower's iuterest Itt the Property or other material _
<br /> impaicment of the llen created by this Securiry Instrument or Lender's security interest. Bonawer shaU also be in default if
<br /> Bonower, during the loan application process,gave materially false or inaccurate informadon or statements to Lender(or failed
<br /> "��� to provide Lender with any material infocmadon)in conuection with the lo:►nn evidenced by the Note, including,but aot limited
<br /> to,representarions concerning Borrower's occupancy of the Property as a principal residence.If this Security Ivstrument is on a
<br /> leasehold, Bonower sUall comply with all the provisions of the lease. If Bonower acquires fee tltle to die Property, the
<br /> � leasehold and the fee title shull uot merge unless I eader aIfrBorrower fails ro ln orinnthe covenants and agreements contained In
<br /> - . �. 7.Protedion of Lender's Rfehts tn the Property. Pe
<br /> ° � ' tliis Security Instrument, or there is a legal pr9ceeding that may significantly affect Lender's dghts in the Property (such as a = _
<br /> � �" � proceeding in bankruptcy, probate,for wndemnation or forfeiture or to enforce laws or regulations)� then Lender may do and <<
<br /> � pay for whatever is necessary to protect the value of the Property aad Lenuer's �ibi�t��a die Froperty. I.ettder's actions may �-:
<br /> � include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court, paying ��
<br /> rexsonable attorneys' fees and enredng on the Properry to make repairs. Aldiough Lender may take acdon under ttus paragraPh ��; _
<br />-� • � 7,L.ender does not have to do so. -�_
<br /> " ".' puy amounts disbursed by Lender under tUis puragraph 7 shall become aQditional debt of Borrower secured by this
<br /> Secudty Instcument. Unless Borrower and Lender agree ro other terms of paymeut, these amounts shall bcar intenst from the F-_
<br /> date of disbursement at the Note rate and shall be payable, with interest, upon nodce from Lender to Bonower requesting _ _
<br />- payment. ;�v=
<br /> 8.I�Iortgage Insurance. If Lender requ�red martgage insurdnce as a conclition of making the lo:ui secured by this Security _
<br /> Instrument, Bonower shatl pay the premiums required to maintain the mongase ii�sun►nce in effect. If, for any teason, the ';ti__
<br /> mongage insurance coverage required by Lei�der lapses or ceases to be in effect, Borrower s�all pay the premiwns required to -�`
<br /> obtain coverage substantially equivalent ro the morcgage insurance previously in effect,at a cost substandally equivalent to the �.<"
<br /> cost to Bonower of the mortgage insurance previously in effect, from an alternate mortgage iasurer approved by Lender. If
<br /> substantially equivalent mortg:►ge insurance coverage is not avxilable, Borrower shall pxy to Lender rach month a sum equal to
<br /> one-twetfth of the yearly mon�age insurance premium beiug paid by Borrower when tlie iiuurance coverage lapsed or ceased to
<br /> • be in effect. Ixnder will accept, use ac�d retain these payments as x loss reserve in lieu of mortgage insurance. Loss reserve
<br /> Form 3028 9190
<br /> ��BRINEI�esi s�.o� r.y a or o �N��X�
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