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<br /> ° = 4 .� °-, a;' S. Ha�d or P�nog�ty Iasmsuo� Bonower shalI keep the improvemeats now existing or h� erected on the -
<br /> _ ��. °` ` `; =�•� � Progen3►ins�d agaiust toss by fue,t�ds inciuded vYithin the term 'extended wvernge'and any other htnards. inctadiaS �� `: :� .
<br />--s.`..� � � '� `_-� Qcnds os Qooding,for which I�eader requires insutance.Tais insur�ce sball be maimained in the amo�mts and for the periods `� '� �'{,
<br /> , .` � ' .�'' � ' that L�ender mqai�s.Thc insutanoe cairier provid+ng the instu�ce shall be chPsen by Bo�wer sub,yett to Leader's apgroval
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<br /> ?�� wluch shall not be�mreasamably withheld. If BoAOwer fa�7s w maintaia ooverage descr►'bed above, LEnder may.at I.ender's • :,
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<br /> option,obtain oovetage w protect Leader's r'sghts in the Pmpertq in acoordance with pa:agcaph 7. --� ` _:c �
<br /> � <r Al}u�sarance policies and reaevvals sha118e acoeptab2e to Leader and shali include a standard mortgage cts�e. Leader ^S1 ,— '
<br /> _..�_ ^ • . sLaU have ttze ri g h t to hold the policies and reaewals.If Lender requires,Bo:rower sbaU PmmFdY give to�I,ender all reoeipts of � ` ,�-
<br /> 3;�,. _ .0�_ paid premiums and tenewal notices.In the event of loss.Bormwer shall give prompt notice w the insuraace rarrier a n d L e a da. � _,,,
<br /> ' ` �_.y�.,e�, L,ender may make pmof of toss if not made promptly by Bormwer. . � < <'
<br /> " " '"� � Unt�ss I&ader aad Bosower othezwise ag�ee ia writing,insurdnce prooeeds shall be appiied to nstoration or reltair of the � Z`.-�=,:
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<br /> _�an<<.. .-,..<;� E.� = �• p�,oPe�t3+da�naged,if the seswratlon or repair is economicaUy feas�Ie aud Lender's security is not lessened.lf the restoration or �s:�;c�°^F.'
<br /> - �';:.`'.•.:-:` -�. �, .-�`< zepair is not econoaucalty feas�ble or l,ender's serurity wou2d be lessenrd.the insnrance Proceeds shaU be a�plied co the sums � ::�::t."'�:f.;.�`'
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<br /> ` 4,� � +:� seeuted by tb'ss S�rit�► Iasamneut. whether or aot then dne,with aay exsess Paid to Borrow�. If Borrower abandons tbe ;.
<br /> �*'� — ; `�- prap�ijd,ar daes ant ans4ver wishin 90 days a aotice fmm Lender that the intivrance catriee has offered to settle a daim,then �, �
<br /> s"•� . Lender may ca�tect the fiasu:ance pmrxeds. I.ender may use the pm�eds to repair or rescore the Praperty or co pay sums �:-�'
<br /> ��, , ,�r ., secured by tbis Se�a�rItY I�t�e�.whether or not then due.T�e 30-day periad w�l6egin whw ihe noace is given. � :;
<br /> ��;: - � Ual� Lender and Boaawet atheiwise agcee in wribng. �Y aPPIic�ioa of praceeds to principal shall uot eatend or
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<br /> _ ' ��:;.,.., . .. • . �: .�- Postpone dte dne date of the monthlY Paymenu referzed to in paragraphs 1 and 2 or chauge the amonnt of the paymeats.If under
<br /> � -. � �-: paragraph 21 the PropenY is acquired by Lender, Bamower's right w any iasurauce po2icies �proceeds resulting from ```- ,��
<br /> �` � ` damage w the PrnpertY Prior w the acg�isiition shall pass w Lender to the eatent of the sums seaued by this Security Insaumeat ,r�L,,
<br /> ' ° " ` im�iazelY prtor to the asqaiaition. }S -
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<br /> .�. '� , •• . r.�.�" 6.Oecapancy,Presesvatiaa,Maintenance sad Prote�tton of We Proper/Y:Bormwer's Luan Appltsatton,I,easd�olds.
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<br /> .;�:;:,� ..,.<..._�:. ' Botrower shatl aaupy,establislt,aad use olie Property as Bosmwer's grincipal cesidence aithin siaty days after the exe�ion of _ ,
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<br /> ' � ; � �� .• •, L - tlus Secarit}r Iasuument and s6a11 continue to occapy the Property as Bo:rower's principal resideace for at least one year aRer �r'T
<br /> �, -� , , � -;;:. the date of oaupancy,unless Lender otheiwise agrees in writing,which consent shall noi be unreasanabIy withheid,or imless ,; s
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<br /> __ `'�` c:.tcui�u►u� cira�s+�� �. r.�..i;: x� �_la� Borronrer's concrol. Bc►m+wer �ball n�t de�sy, damage or impair the
<br /> t'. - ,�„e�: Property,allow the P�+opertY to deteriorate, or commit waste on the Pcoperty. Borrawer shall be in default if a�r forfeinue :, '.-
<br /> .�t' �m. . ,`'; acdon or pmceediag,whether civil os csiminal,is begun that in Leader's good faith judgiaau could resntt in forfeitace of the F- `
<br /> � � . } " ProPerty►or othetwise materially upPair the liea cceated by this Secority Instnmient or Leader's se�urity intccest.Bosrower may t '� ,'
<br /> .,._ ;::�s.�. . � .,,�: cure s�ch a defauit and teinstate.a4 pmvided'm paragraph 18.by causiag the acaan or proceeding to be dlsmissed witb a raliag ,:
<br /> � = • tbat,tn Lender's good fatth d�ec�a�On, P�cludes forfeiture of the Bormwer's Iaterest in the Property or other material , '� ;,s �-
<br /> ; :��;� , ` . :f impairmeat of the liea creatM by this Secauiry Inmummt or I.ender's security laterest. Bormwer shari also be in defanit if
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<br /> Borrower.daring the loan application proaess,gave materially false or inacc�uate information or statements to I.euder(ar failed . �.,s,
<br /> •::-�k�'.; ,_ .. . . w pmvide I.ender with aay matecial infosmation)in connection with the loan evidenced by the Note,incinding,but not llmited ";• �r�
<br /> ? '-' to,represeata�ions conceraing Borrower's occupancy of the Fmpeny as a principal resideace.If tt�s Sec�uiry Insaument is on a
<br /> '..,;.,%�: • . ";; teasehold, Boaawer shall comply with all the provisioas of the lease. tf Borrower acqnires fee atle to the Pragerty, the �
<br /> ;,:?;--. . . . ' • . � teaseho2d and the fee titte shaU not merge unlesc l,eader agre�s to the merger in writing. .:- :
<br /> ' • 7.Prot�ction oi Lender's Rights in ffie Propesty.If Borrower fails to perform the covenants and agreemeau contained in �.• �� '` ^.�'.
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<br /> � ' this Seca�rity Instromem,os there is a Iegal proceeding t6at may significantly affect Lxnder's rights in the ProPenY(sac�as a r
<br /> .°�''�:,`. , : ., _ pmce�ag ia bankrnptcy,Pmbate.far condemnation or forfeiture or w eaforce laws or regnlaaons),then Leuder may do and � �..
<br /> a �. . : pay for whatever is necessary to protect the value of the Propeny and 1,ender's rights�a the Property. I.cnder's act�ons may
<br /> . .;° � � �-� include paying any sumg secured by a ken whic6 has priority over this Secvriry Insaumeut, aPP�B iu court. PaYiag .
<br /> .� �``, . . reasonabte attomeys'fees and entering on the Property to make repaiis.Although LeAder may take action uader this paragraph — - -_
<br /> ��� - 7,Iaader do�nat have to do so. ;• -
<br /> � . , Any amounta disbursed bY Lender under this paragrap�h 7 shall become addit�onal debt of Borrower secured by chls
<br /> _:�:;•;: . � : SecWity Iastmmeut. Untess Borrower and Lender agree tv other terms of payment.these amoimts shall bear interest from the �'�-` °
<br /> :��� '= • date of disbursement at the Note rate and sha11 be payable, with interest, upon nutice from Levder to Bosrower requesting . ,
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<br /> :`�: ..: . �. � 8.Mortgage Iasuraace.if Lender requimd mortgage iasurance as a wndition of making the toan secured by this Security .
<br /> •' r::� ' Insuument, Bormwer shall pay the premiums required to maintain the mortgage insurance ia effect. If, for any reasou.the
<br /> ..�„ �,� '=;�.� iuortgage insurance coverage required by Lendet lapses or c,eases to be in effect,Borrower shall pay the premiums tequired to
<br /> • - obtain wverage substantially equivsilent to the mortgage insurance previously in effect.at a cost substantially equivalent to the � •..
<br /> : �,j:t�;�, � ; � cvst co Borrower of the rAOrtgage inswance previansly in effect.�frum an atternate mortgage insurer appmved by L.ender. !f
<br /> �.�f;_,'. . . ., � ,:�' substaadally equivalent mortgage insurance coverage is not available.Borrower shall pay to Lender each month a sum equal to ,
<br /> ,.. � • � . � one-twelfth of the yearly mortgage insurance prcmium being paid by Banower when the inseuance coverage lapsed or ceased to
<br /> �" ' � � ' be in etfect.Lender will accept.use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve .
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