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<br /> ` �'r ��:z �'' S. Hazasd or Propety Insu�aaoe. Bomuwer s6ai1 keep the impmvements now existing or hereafter erected on the ;�k -
<br /> -'`�•;.,`.��-:;�� ��' . ��.:. �P�Y insured against toss by fire. ha7ards inrluded within the term "exeended coverage"aad any ather ha•rards. inclading r`,: .
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<br /> - .°:`�' .'-,'1 floods or flaodiag,for which Lender req�ires insarance.This imurance sl�all be maintained in the amounu and for the periods _. < __�
<br /> < 4
<br /> -�`:,�'4`.: ,i, - that Lender requines.The insuranx carriu pnnriding the insu:ance shal!be chosen by Borrower subject to I.ender's approval :<. ` F'`�
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<br /> (41��. �.� wlrich shall not be unr�asombly withheld. If Borrower fails to maintain coverage described above, l.ender may, at Iknder's � ;�,� -� .«-�"�-
<br /> a` Y ',�:. option.obtain coverage to protect L.ender's rights in the Property in accordance with patagraph 7. � �:° ,- •. _ o
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<br /> ; ` ;� Ali insurance po6cies and reaewals s3�::i1 be aooeptable to Lender and shall include a stendard mo:cgage clause. I.ender � ,n �f,�'_-<�:
<br /> `` shal!bave the right to Gold the policies and renea+als.If Lender requires,Borrower shall prompdy give to Leudcr aU reveipts of 5
<br /> -� .- �-�- �
<br /> �� - s ; ` � paid premiums and renewal notices.In the event of foss.Borrower shall give pmmpt notice to•the insorance carrier and Lxnder. • ' ��, ;_
<br /> y-3 w r�,.'--".. � Lender may make proof of loss if not made PromptlY bY Bomower. � �� �?t `�' .�
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<br />�;_�:.'::.:,, �: ,__;. Untess Lender and Borrower otherwise agnee in wciting.insuranoe procceds shall be applied to restoration or repair of the � . � ,;.t��t. ,.�:-.
<br />_�,r_;;:",::_�;-";:�.;:-,<=.;'` pmperty dafnaged.if the restaratinn ar repa'v is eoonomical{y feasible and Ixnder's secauity is not lessened.If the restoration ar � '
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<br /> �;��:.,:;;.,;��.:t-..,:`�k' repair is not economically feasibie ar l.ender's sectuity wauld be[essened,the insucance pmceeds shait be applied to the sums (a `` `: ;•�,:
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<br /> -''�;. . - sec�ued by this Seauity Iasunmea� whether or not then due. with airy e�ccess paid to Bonower. If Borrower abandons the ,�:;_�::'.
<br /> � � �` •. s r,� Property,or daes not m�swer within 30 days a notice fram Lender that the insurar►ce carrier has offered to settte a ctaim.then - ,:,��,
<br /> �x' ` � r�' �s Lender may caltect the insuramce praceeds. I.ender may use the proceeds w repair or reswre the Prnperty or to pay svms '`
<br /> r _�.. � '� _ secured 6y this Security Instnuneat,whether or not then due.The 30-day period will be�n when the notice is given. '� � ",��
<br /> ` ` � � Unlesg Lender and Borrower oiherwise agree in writing. anY application of proceeds to principal shall not eatead or F '- -
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<br /> -�}''� � postporte ths due date of the montfily payments referred to in patagraphs 1 and 2 or ci�ange itte aznonni of the paymenu. If -- J"'���--;;
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<br /> :� �, . :; ..�.,���•.~, under paragraph 21 the Ptoperty is acquired by I.ender. Borrower's right to any insuranc�poGcies and praceeds resulting from
<br /> y � � damage to the Propeny prior to the acqnisition shall pass to l.ender to ttie extent of the sams sea�sred by this Security Instramem � r;�
<br /> �u; r r,• .. . _
<br /> r.�: .- immediate}y prior to the acquisition. ,_ ..-, '�«;';
<br /> �.� `'' r'-"' 6.OocaPancY.PreserQatfion,l►iaintenance aad Protection a�the ProPert9;Borrower's l oan Applfcaifoa;I.easeholdg. ;�- �
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<br /> -�, •- • Boaower sha11 occupy,establisb,and use the Property as Borrawer's principal residence nrithin siaty days after the execation of � ...'� �,
<br /> ` �+';.,•-,.•>.,,
<br /> this Sewrity Instrument and shall oontinue to occupy the Property as Borrower's principal residence for at teast oae year after • ��:•.=-s r
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<br /> • the date of occupancy,unless Lender othetwise agrces in writing, which wnsent shall nat be unreawnably withheld.or unless -� � �
<br /> E = T w.: ---;�- extenuati�g circuu�stances exist which are beyond Borrowei s control. Barrower shall not destroy, damage or impair N:e �� '� ��"
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<br /> - ,.?.�. Property.altow the Property to deteriorate, or commit waste on [he Properry. Borrower shall be in defaah if arry forfeiwre • '�- '�
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<br /> �:r:. ,.. �. _�., adion or proceeding.whether civil or criminal. is begun that in Lender's goad faith judgment could result in forfeiture of the "'•'�-;.;:��:
<br /> t` `": ' ' ' '� ProPerty or olhenvise materially impair the liea cr�by this Se�vrity Itutrument or Lender s securiry interest.Borrower may ' '`'�`�-�``
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<br /> � ';:-.;, care such a default and rein5tate,as pmvided in paragraph 18.by causing the acaon or pmceeding to be dismissed with a ruling ,';.:��<, :�_:��-
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<br />'� ;7�,�. • �� :� ���.;�f. .; that. in Leoder's goad faith detecmination, precludes forfeiture of the Bonower's interest in the P'ivperty or other matcria{ �<<_ ,
<br /> �;�5}.�� :•°.'.:.:: ` impairment of the lien created by Ihis Securiry Instrumerct or Lender's security interest. Horrower shall also be in defanit if ,tc;',.�;,�.
<br /> _ Borrower.during the loan applicauan process,gave materially false or inaccurate information or statemenu to Lender(or faited ' . __
<br /> �*�,��. . �._ to provide Ixrtder with any materiat�informauon)im m�ne�xion with the loan evidenced by the Note,'including,but not limited ."'`s'�'��
<br /> � .- : : �• •
<br /> �� to,representations concerning Borrower s occupancy of the Property as a principal residence.[f this Security Instrumeat is oa a :. � '
<br /> ��`, " � - leasehold.�Borrower shall comply with all the provisions of the Irsse. If Borrower�cquines fee titie to the Property, the �i , .n;s:
<br /> � �`i' � � � �. leasehold and the fee title shall not merge untess Lender agrees to tiie merger in writing. � �.�:�,::
<br /> _ y " .. '. 7.Protectfon of Lendee's Rights ia tde Property.If Borrower fails to perform the covenants and agreements contained in -
<br /> '•'� • • this Security Instrument, or there is a legal proceeding that may signi�icandy affect Lender's rights in the Property(such as a '� ;`:.`
<br /> ���_•�� �:`. - proceeding in bankruptcy.pratmte. far condemnatian or forfeiture or to enforce laws or regularians),then Lender mary dn and "'
<br /> • .Ct,,.
<br /> '.'•'���� ,. .�_ � ' ' pay for whatwer is necessary to protect the value af the Property and Lender's righu in the Property. Lender's actions may �' �'� `�
<br /> � ,- . °• � '' inctude paying any sumc secured by a lien which has priority over this Security lnstniment, appeazing in wwt, paying � �;��.�:.
<br /> .�:,- � � • reacanabte attomeys'fees and entering on the Pruperty to make repairs. Although Lender may taite action under this paragraph �': •
<br /> -� 7.Lender does not have to do so. � � �.
<br /> ,2i'="r; '�'_'". , _ ' '
<br /> �=�;'"; �� ' Atty amounts disbursed by Lender under this paragraph 7 shall become additional debt af Boaower secured by this '"
<br /> :,.: ,�;. . . ��: ''
<br /> �i::., . . . � Security lnstrument. Unless Borrower and Lender agrce to other terms of payment, these amounu shall bear interest from the
<br /> �7:.s;•.•''�. • date of disbursement at the Note rate and shall be payable, with interest, upon nodce from Lender ta Borrower reguesting .
<br /> ' .: .. • � . '•;' paYment.
<br />- ��L` ' � � S.Mortgage Insurance.If Lende�required mortgage insurance as a conditi�n of making the loan secured by this 5ecurity �. .
<br /> ��.�'�"�� �� � ���J��. Instrnment, Barrowcr shall pay the prcmiums required to maintain the mortgage insurance in effect. If, for tu�y reason, the �
<br /> � Z mortgage insurance wverage required by Lender lapses or ceases to be in effect. 6orrower shall pay the premiums required to . �
<br /> ..s_:��,'.. . � . o6tain coverage sub�tantially equivalent to the marigage insurance previou�ty in effeci,at a wst substantiafly equivalent to the -
<br /> '` � � � wst to Borrower of the mortgage inturance previously in effect, from an altemate mortgage insurer approved by Lender. If , , . .
<br /> �"��i:'���'� •,. • ' subctantially equivalent martgage incurance coverage is nut available. Borrower shall pay to Lender each month a sum equal to • . � .
<br /> �F��; . . • �
<br /> g . . ane-twclfth of the yearly mortgage insurance premium being paid b��Borrower when the insuranc.•coverage lapsed or ceased to •
<br /> � ,; � � • . . • be in effect. Lender will accept. use and retain the!:e payments a� a loks reserve in lieu uf mongage insutance. Loss reserve �
<br /> ���•' �!+. " ' " iarm 3028 9I90 � . , .
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