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<br /> � � .` g. � pr p�,pp�r Ia�aace. 8orrower shall keep the improvements now existing or hereafter erected on the ;, e,���"
<br />— �t..L� t , - ProPeKY insured against loss by fire.hazards included wittun the term °eacended coverage" and any other hazard�. includir� ;}• .y` �`{. ��
<br /> ..fi'.'o' � "_
<br /> - :�..�. t�oods or flaoding.for which Lender requires insurance.'�S��►��1 be°m"�'ned in the amuunw and far[he pedads �`�,; ':,�_$rc ti
<br />."":: �` �'"." • -( tteat l.ender requires.The insurance carrier providing the insurance shall be chosen by 13orrou•er subje�-[to Le�►der's approval ;;�,,.>: .�.--�,
<br /> ���;:. ���. �-_.::��": �
<br />-_:�:�_-��: � which shatl not be unreasonably �vithhetd. If Borrower fails to cnaintain covera$e described above. Lender may. at i.ertder's <�x�.',`?.;`' ���
<br /> ` .°� °``��', :.. -
<br />--'"�'s` � << opdon.obtain coverage to protect LeQ6ei s rights in the Propetty in accordance wittt paragc�ph 7. <�`:a.:•-,���:..
<br /> ' ��_
<br /> ,�:;<. �.'.: �,�:�.;...<`� =: IUI imurance policies and renewals shati L+e acceptaDle to Lender and shaU include a standard mottga$e clause. Lender °_.� �:`.,�.,r},�
<br /> - — shall have rhe r�g6t to hold the policies and renewals.ff Lemter requires.Bors�wer shall pmmpdy P,iv�to L,ender al!receipts of _; •
<br /> �.��`:° . - . '.:*� . �
<br /> �: �,� �, paid premi�ms and renewa!notices•!n the event of loss.Bormwer shall give prompt nodce to the insurance catrier and Lende�. . ;" 4 4
<br /> a , -
<br /> ; � Lertdcr may ma[ce praof of toss if not made pmmpdy by Borrower. '� � ` �= _:
<br /> ; � 4 `• tlntess Lender and Borrawer atherwise agree in writing,.insurasic�e prc�ceeds shall be appiied[o re.,toiation or repair of the �
<br /> �'{}�: �'� propeity daroaged.if the restoration or tepair is econamica!{y feasible and Lender's s�rity is not lessened. If the restoration or �'
<br /> �4,�.- � �_:>.�'�:r-_<: .<• shall he lied to the sums �
<br />:�..; �Y' ` , -�, repais is not economicaliy feasible or L.endei s secvrity would be tessened,[he insurance P�o�s aPP� .._ -.
<br /> ; ��::�,-�.*��„ '°....'.;:;:� secured by this Security Inswment. whether or not thea dne. with any excess pai8 to Borrower. If Bomower abandons the � `,� ?;..
<br /> �s.• s Property,or daes not answer within 30 days a notice from Lxnder that the insurance rerrier das offered to settte a ciaim.theu � _,x:
<br /> � "' `` _ Leiuter may collect the inwrance pmceeds• l.ender may use the proceeds to rep�air or restore the Froperty or to pay susns �
<br /> `���,
<br /> ' , -,• secured by this Security�++�+••�me�,whether or not tben due.The 3Q-day peciod will begin whcn tl�e aotice is given. �
<br /> � .. � h,atiou trf ut rin �hall not exterd or �
<br /> < <, Unless Lender and Bomower otheiwise agree in writing, any appl�- Pr�� F � - �Q -
<br /> �€ •� _ Peutpone the due date of the montlilY payments referre�i co in Parageaphs 1 and 2 or change the amount of the paymeats. If � L-;� =
<br />. �`}� ., ` ': .' .% . y' under h 2t the Property is acquired by Ixnder.Bonrower's right to any insurance policies and prooeeds resulting from - �. '•, -=
<br /> � ' f .� � �4 . "•.� • ��
<br /> �-�� ::.�, �s� damage to the ProPertY Priar to the acquisition sfialt pass to Lender to the exteat of the sums sen:red by this Security liuuumeat : ,r.r,-4,e
<br /> ��`_� � �� _ immediately prior to the acquisition.• ;
<br /> 6 p�p�cy,preservation,Maint�ance and Ytotection oY the Property:Borrower'S Loan Appllcati0n;Leaseholds. r ` �-:
<br /> .�b'`. .: x, � Borrower shal!occupy.establish.and use the Property as Borrower's principal residence within sixty days after the execution of -
<br /> _ ' � 1.
<br /> °�_=r�<.�,:.:<�..:_�--��.:.::`': ttiis Seeuriry tnstrument and.sha!!continue w a:cupy t6e Propecty as Borrower's principal residence far at least one year afrer .� :• :: .__
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<br /> � �� the date of accupancy.urtless Lender otherwise agrees in writing, wfuch consent shall not be unreasonabty withheld.or untess :. 4
<br /> �-�'�' . ' �"� e�ten"a� circi�•TMn�ces exist wIuch are beyond Borcower s conwl. Borrower shall not desuoy. damaSe or impair the _.� _'
<br /> � . ''ti����' Pro altow the Pro to deteriorate,or wmrnit waste on 4he Property. Borrower shal! be in defaWt if any forfeituse ,
<br /> �.,� ", ' •.N t PertS'• Fet'ty' .�` • �
<br /> .'',f:•,��;, •r, � `' action or proceeding,whether c�vil or criminal,is begun ttiat in Lender's goad faith judgment could result in forfeiture of the t�,.
<br /> --.. ___ _:.r_.c: .:r+ • aas �vP!!n�v _ . .__ �
<br />��::�:�`-::•~ � �"���: ' �:. ProAenY or otherwise materialiy impair the lien created Dy[tus xc.vnty imr��vt:,,;+A1�.:'��:..�...;:�.�'_--. !�`.^_�
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<br /> ;.:.;�,.' :;.� • r `; cure such a default and reinstate.as provided in paragrapb 18,by causing the action or proceeQing w b.°,dismissed with a niling ° .:;.� + ,..
<br /> �:"``' ,� .. '� titat, ia Lendei s gopd faith determination, pretludes forfeiuue of the Borrower's interest in the Property or other material �..,. ' �;:s::
<br /> -'.:1;�.'.. . .. i..:`,'.- .:. :.C.��:..� ...
<br /> r '` �1 impairmeat of the lien cr� by this Security.Instrument or L e n der's securi ry i n t e r e s t. Borrower shall also be in default if . 4
<br /> ,� '�: �.' •' Borrower.during tiie loan appGeation process.Save materiaUy false oc inaccorate information or statements to Lender(or failed r ;�� ;4;
<br /> �' ; ,J;, . � . to provide Lender with any matetial information)in connection with the loan evidenced by the Note.inclnding,but not limite� � .•
<br /> to,represeatations wncerning Borrower's occupancy of the Froperty as a priricipal residence. If this Security lnsttument is on a �.
<br /> ` - � leasettold. Borrower sfiall comply wilh all the provisions of the lease. If Burrower acquires fee ti de to t he P rop e r tY. t he ,'•�'_ •
<br /> '�'�� . leaseltold aud tbe fee utle shall not merge unless Lender agrees to the merger ia wridn�. - ;` ��•� ��
<br /> :�.:;�.,.,.
<br /> •-,..=..`.r�.; . �. �. - 7.Protec�tou of Lewds.�'s Rights in the Properiy.If Borrower fails ta perform the covenants and agreemerds contained in � . .c. ::::_,.
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<br /> � this gecurity Instrument.or there is a legal proceeding that maY significandy affe�.-t Lender's righis in the Property(sucb as a .,..
<br /> •I���' � � • . �`-. praceeding in bankruptcy.pcobate. for condemnation or forfeiture or to enforce laws or regulations),then l.ender may do and � � .
<br /> �'`•.:''. • • . :�•,
<br /> . ' ' ., pay for whatever is necessary to protect the value of the Property and L.ender's righu io the Property. Lender's actions may 4�" . ;
<br /> , inclade paying any sums secured by a lien whicb has priority over this Security Inswm�nt, appearins in court, payin� ^ ,;
<br /> �`''�:.,, � . :. � reasonable attomey.s' fees and enter►ng on the Property to make repairs. Although Lender may take actior►urtder this parugraph
<br /> �' ': ' ' 7, Lender does not have to do so. .
<br /> -i���;�: . � My amounGs disbursed by L,ender under tltis para�raph 7 shaU become additional debt of Borrower secured by this _
<br /> � �� Security lnstrumeni. U n less B orrower a rt d L e n d e r a g r e e to other terms of pa yment,these amounis shall bear interest from the
<br /> �f•, '•.,�,.
<br /> • . dttte of disbursemeat at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requestin� •
<br /> ; '' �: payment. • � ... .
<br /> :. • � � '<• t; 8.Mort�age�swYUtce.lf Lznde�:required mortga�e insurance as a condition of making the loan secured by Ehis 5ecvrity :
<br /> ':• •�' ` '` • . (nstrument. Borrower shall pay the premiums required to maintain the mortgage insurance in effect. if, for any reason. the ���'
<br /> :'�•�' � . ' �::. mortsage insurance coverage required by Lcnder lapses or ceases tv be in effect. Borruwer shalt�ray the premiums req�ired to
<br /> • ' obiain coverage substantially equivalent ro the mortgage insuranee previously in eifect, at a cosi�ttbstantirilly eyuivalent to the
<br /> ''.'�,", ' � ' • cu,t to Borrawer c,f the mort�age insurence previously in effect, from an :ilternate mort�age insurer approvec! by L.ender. if ,. ,
<br /> ' substantialty equivalent mort�;age in,urance coverage is not available. Borrower shall pay to Lender rach month a sum equal to
<br /> � � . ' one-tweifth of the yearly mortgage insurance premium being paid by Borro�vet+vlten the inser.utce cvverxge lapsed or ce:�.sed tn :
<br /> n;'`'�`. . • . � be in e(Fect. L,ender will sccept, uye and retain these paymentti as a lu�.� [e+erve m lieu uf mongaae insurance. L.oys �eserve , .
<br /> '�.,f._. . . Farm 3028 9/9�
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