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<br /> �.°".rR.; A� ,,�_fi S. Ha�rd or Ptopeets �_�Rre_ Borrower shall keep the improvements now existing or hemnfter erected on the � �(
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<br />_—- - ;-,:�,;=-:;" Property insured against loss by fire. hazards incfuded within the tenn"extended coverage" and any other hazards. insluding --- �
<br /> �� �`� «�" ftoods or flooding.for w6ich Lender�equires�n����. T6is insurancr shall be maimained in the amounu and for the periods � `
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<br /> ,x� ` ti • that L.ender�eyuiies.The insuranre canier providing tlie insulance shatl be rhosen by Borrower subject tu [xnder's approva! �
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<br /> -.,•.,::�J�a l.,u'� �`•;;� which shaU aot be unreaso�bly wit�held. If Borrower fails to naraintain coveiage described abave. Lender may.at l.ender's � 't�` -
<br /> � �;.^,•_
<br /> �,: option,obtain coverage to pmtect Lender's Rghts in the ProFerty in aceordance with paragrapb 7.
<br />_iY .`;_�';;;:�:°.,�`T`'.�4:'. All insuraace po&cies and renewals sha!!be acceptable to L.ender and shall include a standard mortgage clause. Lender '�;;:_ ��'s:`:
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<br /> _:: � -%.. :t:�r shail have the right to hold tl�palicies and renewals.if Lender sequires.Sarrower shali R�P�Y e�ve to Lender all seceipts of -
<br /> .'�kr::k"�,., ;�,':t,. -.t•, c�_S CSi[CItY 3R��21id2r. -,�;•� .':•".
<br /> - . . � : . P�Fre�ums 3nd cenewa! notices. In the eveat of loss.Sorrower shall give pmmpt uotiae to the i� •�.�n P : • ; •
<br /> ` �x ,` � Lender may make proof of toss if not m�ade promptly by Bomower. �
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<br /> y` �-�,�_---� EJ�ess Lcndcr and Bormwer otherwise a�ee in writing. insurance proceeds shatt be applied to restoraiion or t�pair af ttte � } °-
<br /> > ��`�: P roperty d a m a g e d,i F t he restoration or repair is econotnically feasibte and Lender's sectirity i�not[esset�d.If the restoration or � `
<br /> �, ='� � � repair is aot economiraf;y feasibte or Ler►der's securiry wauld be t�.the insuranoe pracaccds ska!#a�;apptied to Fhe sums � t Y � :'
<br /> 1. 4`. . .,...: •,� ? : secured by this Security Insttument, whether or not then dae. wit6 auy excess paid to Borroaer. Tf Bomower abandons the � �.<.::' .,.�°
<br /> �` -'`i�� `;��`` �` �P�Y•or does not answer�xithin 3b days a notice Erom l.endet Wat the insurattce carrier has oftered to seitle a claim.tHen � ' �° "'
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<br /> �i; : `.�z.',�.5• ,��=z Leader may rnllect tfse ina���•prooeeds. Lende�may use the pmceccis to repair or restore the Property or w pay sums -
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<br /> . t , _` s` �� secured by ttus Security Tnso�umen�w6ether or aot Wea due.The 3Q-day perifld witl begin vrhen the noace is given. ��e �
<br /> , � � Untess Lender and Borrower otherwise agree in writing. any appliwtion of proceeds to principal shall not eatend or ' , '`-
<br /> '�' postpone the due date of thc�authiy payraeuts referred tn in p�aragraphs t and 2 or change the artiount of t6e paymeots. If �'
<br /> ``t ;S_ ;� "-�.,�"t;- under pacagrapb 21 tke Praperty is acqairrd by Lender, Botrower's tight to any?*�v�ranc�poficies at�d pmceeds resultiug from � <::� "�'
<br /> "'r;�`��`�- R damage to the ProP�Y Prior w the acquisition sha!!pass to t.ender to the exteat of the sums seeured by this Setnrity Inshvment .�'".=`:.;:°�'•
<br /> ''•'�: . `': ` im�ediately prior w tl�e acquisition. . .
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<br /> ��` �,G:i��-` „� 6.E)avp�aucy,Peesesvatlon,�;�++A�•�aad Ptoted�on of t6e Proparty;Borrow�'s Loan Appliwtton;l.eas�atdg. _
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<br /> _� �-:`�� `. ry-' �,•.�: Bormarer shall ac�tpy.establish.and use the Progeny as Borrower's principal resideRCe aithin sixty days after the eaecution of =
<br /> 4:�-.`s'.'. :'_�s� .`` :.:.i:; tlus Securiry Insuument aad shall oontinue to accupy tlse Property as Borrower's priucipai cesidence for ai least one yeas aftes
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<br /> .r�;� ,.' � . .. ,�..°, the date of occupancy.untess Leader otherwise a�rees in writing. whicb consent shall nnt be unreasormbly withheld. or uniess —.`-`'��-•_
<br />:;:: ` : ' c. ;;�`-:_':� �� circu�sqaces exist which are beyond Borroweis conaol. Bomower shall not destroy. damage or i�pair tke -
<br /> gxrc•nnatina --
<br /> , '�;� ',`;';,` �` . " •.' Propetty,allow dte to deteriomte. or commit waste on the � .
<br /> 'r t,..: �P�Y �P�Y• Botrower shall be w default if any forfPitare <��S�:--
<br />..�_:. . accion or proceeding.whether civil or criminai.is begun that in Lender's good faith jadgment cauld result in forfeitwe of tlse -,,`,`•� ` -
<br /> `- - °�l�° - ; �,,�-f'; Froperty or estherwise materiaUy impair the lien created by dvs Secnniry Instnrment or Lsnder's security inieres�.Sotrower may �.;"---�i� -
<br /> .�`� M.` cure sach a defautt and reinstate,as rovided in h i8. caus the actian or roceedin w be dismissec!witb a rolin . T
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<br /> � �`' d�at, in I,ender's good faith determiaatiun, preclud�s fotfeiture of th�Borrower's interest in the Praperty or ot6gr material. }ti
<br /> f �L impairment of the lien created by this Security Insunmtnt or Leuder's secnrity interes� Bornower sbali also be in defanit if '� ,t-
<br /> } � Borrower.daring We loan apptication process.gave matetially false or ina�„?r..information or statemenrs to Lender(or fa�led � �=-
<br /> .���f � � , to pmvide Lender with aay materia! infomwtion)in connection with the Ioan evidenced by the Ptote.including.but not limited .. '
<br /> � :�'� W:!... ' . to.representationg conceming Harrower's accapancy of the Pivperty as a principa!residence. If ttais Security Instrument is on a • ..r ;,,
<br /> 4.:� � � � lease�old. Botrower shall comply witb all the provisions of tHe tease. If Borrower acguires fce title to the Property. the
<br /> =`-`'�,-`., - . °. teasehoId and the fee titte shail aot merge untess i.ender agrees to the merger in wridng. . -
<br /> +� ��: ';.� � 7.Ptotectioa af ixader's Rig6ts ia We Rn�ty.If Borrower fails w perform We covenants and agreements contained in _
<br /> ,�- .. .. -r �� .4'_ � , _-.
<br /> .1. t:i` ..• • • tlus Secvriry Inswmen�or these is a tegal proceeding that may significandy affect Lender's righu in the Property(such as a
<br /> ::�?�s.,:.= . `��.�. � ': ° proceediag in bankruptcy probate. far condetttnation or forfeitare or ro enforce laws or regulations),then Lender may do and • ��`:•+•. ..
<br /> :'::�*.. , . _ . pay for whatever is aecessary to protect the vatue of the Property and Lender's rights in the Property. Le�tder's actions may :.E.:•..
<br /> ,s�, ,.. .. � .
<br /> �' }"��' "'. � include a m an sums secured b a lien which has nori over this Securi Instrument, a earin in oourt, a in ';".�,: " ".''-�
<br /> ; ,:,r•.. -. :.. - .. •� . PY S Y Y P �Y �Y PP S PY g .
<br /> , �..._.,.; _, •:' . m,asonabi�atwmeys'fees and entering an the Property to make repai�.Although Lender may take action under this P�b'�P� : �
<br /> .����•:-. • " °,,.
<br /> '��` � � 7.Lender does not have to do 90.
<br /> � , . ,4ny amounts disbursed by l.ender undes this paragraph 7 shall become additional debc of Borrower secured by this . . _
<br /> _ Security Instrument Unte�s Borrower and Lender agree to other termg of payment, these amounts shall bear interest from the
<br /> � �' ";�� � � " ' date of disbursement at the Note r.tte and shall be payable. with interest, upon notice from Lender to Borrower requestiag � • �
<br /> .�° . paYment.
<br /> ..�'� S.Mortgage i*+�.��.If Lc�der required mortgage insurance as a condition of making the loan secured by this Securita+ -
<br /> ' •�•• lnstnunent, Borrower shuU pay the premiums required to mainiain the moriga�e insurance in effect. If, far any reason, tfie • `
<br /> ''�.�' . .,. : , ,.
<br /> �a: �� � . ' • S. mort�a�e insurance coverage reyuired by l.ender lapses or ceases to be in effect. Borrower shaill pay the premiums requimd to •.��+;�''
<br /> ';:j;':: ,' .: �� , obtain coverage substanpalty equivalent to the mortgage insurance previously in effect.at a eost substantially equivalent to the . . ,
<br /> • '. cost to Borrower of the rrtortgage insurance previousiy in effcxt, fcom an alternate mortga�e irrsurer approved by L.ender. If ,
<br /> �'���'� • � subst�pally ecjuivalent mostgagc insurance covcrage is not available.Borrower shall pay to(.ender each month a sum eGual to .
<br /> .� :`:{�`.: , . one-twetfth of the yearly mongage insurance premium beirtg paid by Borrower when the imurance covera�e tapsed or ceased to - : . � �
<br /> 6 �}�''•:. � be in effect. L.ender will accept. ase and retain the�payments as a l�xs reserve in lieu of mortgagc insurance. Lo+s reserve . ,
<br /> '.0•` � Form 3028 9/9Q � � �
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