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<br /> _ � �:;`-�-;``'`� . r: - - $. H�ard or Property ��•�n� Bomawer shall keep the imFrovzmenu now adsting ar hereafter erecxed oa the
<br /> - � �,.�:�°. �.4``=�-:�.�:��, pmperty insnced agamsi loss by fue,�s inctuded wittin.che term"eatended coverage'and any oii�er ha7ards,indnding
<br /> - `�'�``� • •t: ttoods or ttooding,for which Lender tequims insurance.'Ibis in�uanc�e shari be mainfained in the amoimts and for the peciods
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<br />-- ---_ "x `� � .�- - , �� thaz Leader reqnizes.'Ihe insar�nce can�ier pmvidmg the nosuranoe shall be diosen by Borrower subjea to Irnder's apprnval r.,.
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<br /> ,,.`.�i.�. . ... ,�: � ;�y� which shaD aot be uareasonabty aitirheld. If Borrower fa�s w maintain coverage descdbed above, lxnder may. az Lender's _
<br /> ��-�'t: ='� ° opaon,obtain covetage to pmtect i�ende�s rights in the Property in accor+d�ce wit�paiagrapH 7. °�
<br />-- "''�€;.-` ., ` . ` :;��` � Ali ias�caace policies and r�ewa}s shall be acceptaWe to I�nda aad shall inclade a standard mortSaSe claus�. Leader .�:
<br /> " �;.`:r :` ` `'� ` �.E' .� shall have the right w hold the golicies�d reaearals.If i.eader requir�s,Bormwer shaU P�P�Y�ve to Ixnder aU receipts of
<br /> -_ .r, f� • .� � ` ' paid premiums and reaea+al notices.Ia the evenc of loss.Borrower shall give prom�t notice to the insurance cazrier and Leader. � .�`,
<br /> ��� �-- . -- L�der may make proof of toss if aot made promptly by Borrower. • � =�
<br /> = 5 ` � �-�": Unless Lend�and Bormwer otherwisc agree in writing,insurance Pmceeds shall be applied w cestorarion or repair of the
<br /> ,.n - z�.y;�:. .. . . �;;' �f the restoration or ieQair is emnomicallY feasible and Lendec's seauity is nnt lessened.If the restoration or -
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<br /> . •.Y``:"'� • • . ` mQa'u is not economically feas�'bte or Lender's secarity woald be lesseued,the insurance proceeds shall be applied to the soms
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<br /> . , �: ;.E�.;._.. : ,:1.::' .. , .. 4�: se4vred by tLis Security bnsuament, whetker or not then due, with ar►Y excess paid w Eorlower. If Bomower abandoas the
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<br /> . �:•-�;,�;.. <.•,-. �a=-`'• ' �. pmp�ty,or daes aot aasarer arishia 30 days a norice from I.ender that the ins�rance carrier has offe�red to s�tte a claim.then
<br /> •-.�;:3" , ` ° Lendec maY collect the ins�uance pmc�eds. Leader may nse the praceeds w repair or restore the Property vr w pay snms
<br /> ��� ` a�h�her or not thea dne.The 30-day period wil�6eg�n when the notice is givea � '
<br /> �_..s...sE...`�..:`. �.�_.`..T s�by tt►is Seca�ruy jnsfimnent, ,-
<br /> �-�- �` Unless I.ender and Borrower otherwise agree is�wcit�n8, �Y�PPlication of praceeds to principal shail not ext�d or -5' _._
<br /> � ,.�:
<br /> :T, .y�.��;�: ,'�:- � postpone tEe due date of the montWY PaYm�u referred to in paragraphs 1 aad 2 or c h a n g e the amnunt of the pa,ym�ts.If�mder �
<br /> • � .� .;� :. . paragraph 21 the Property is acquired by Leader, Barrower's rigtet to a�r a�surance policies and pmc�cis tes�itmS from �
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<br /> ` . •� "t . . , damage to the Property prior to the acquicition shaII pass w Lender w ihe extent of the sums secured by this Sec�ttiry tascn�meat �
<br /> � �
<br /> - -��-;.'-=r - - �sediatety prior w the atqaisition. �� -.
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<br /> _= • , �' d.paa�paney,Pteservation,Maiateaaace sud Prote�on of the Yroperty;Bosowe�s Loan Appiit�tan;l.easeho2ds. �
<br /> ...�. � ,. Bormwer shall oavpy,establish,and use the Property as Barrower's principal resideace within sucty days after the execution of �
<br /> •a ^- ``�"�;; .. - this Security Instcament and shatl cominne to occapy the Property as Borrower's principal resideace for ai least oae y�after
<br />-- "`t:<:�..�` ... . : _ , the date of occupancy,unless I.euder atherwise agmes in writiag,which wnseat shall not be unreasonably withheld, or�mless
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<br /> --- '"•'.`�-::�'� ' - ��.`�` extenuating ctrcumstances exist which are beyond Ba�wer's control. Barrower shall not destruy, damage or iu�pair the �
<br />-= � : �`��::�+`, ' •• . � ' Property, altow the Property to deteriorate, or commit wasce on the Property. Borrower shall be ia default if any forfeiwce �`
<br /> - - .._ .�..'.::z�:,.�... ._ __, ..�__;� action or proceeding.whether civit or crimmal,is begun that in I.ender's good faith�dgment coutd result in farfeiwre of the .
<br /> . . -`��— property or otherwise matenaUY�mPa�r me ken c�ed'oy wis Swxu;�y Iw��u,u:,,::,�;.�.a.'.er's sc.."urit�mtw.x.Hor:e�ee►�al �-
<br />�- ':::�<-: . . . ` , : y�ue such a default and reiastate,as grovided in patagraph l8.by cavsing the actioa or proceeding to be dismissed with a niling •�:
<br />- -,:`':',y,.,'� . that, in Lender's good faith determination, Precludes forfeiwre of the Borrowet's iaterest in the Properry or other material,
<br /> � - ;;.•.�.� .. ��'�4 .'. . �,. itppaitmeut of ihe liea cieated by this Soc�sty inctmment ot i:eIIder's security interest. Bozrower shaU also be in default if
<br /> •-� ,'..;? '.: .., ? Borrower,during the loan application process,gave materially false or inaccurste Informatioa or state�neats to I.ender(or tailed
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<br /> `",••r-----�-- ... - co pmvide I�der with any matcriat infarim�on)in cannectioa with the loaa evidenced by the Note.inclnding.but aot limited
<br /> �' . �';�, ':,�:-�t , ,r :... � to.reptesentations conceming Borrower's occupancy of the Property as a principal re3ideace. If this Security In. �,,,�►t is on a
<br /> ' _ -- . '�y. leasehold, Bosrower shall coruply with all the provisions of the lease. If Sorrower acquires fee title w tl�e Pmperty. the
<br /> _;-' -'��f:�� . � • . �easehold and the fee tltle shall not merge unless Lender agrees w the merger in writing.
<br /> �e., �•�'�..`. �..�,. 7.Protection of Lender's Rfights in the Property.If Borrower fails to perform the wvenants and agreemenu cuntained ia .
<br />" � ,�.�.. .; . ." this Security Insutiunent. or there is a legal proceeding that may sigaificantly affect Lender's righu in the PropertY(sach as a
<br />. ,r��'�r.. . � proceeding in bankruptcy.probate,for wndemnation or forfeiture or to enforce laws or regulations),then Lender may do and
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<br /> � �• �� , pay for whatevet is naxssary to protect the value of the Property and I.ender's righu in the Property. Lender's actions may
<br /> � . • ' include paying any swns s�ured by a lien which has priority over chis Security Instnunen� appearing in cou4 PaY�S
<br /> -. ; •;I..;.:.;� • �. reasonabte attorneys'fees and entering on the Property to make repairs.Although Lender may cake aaion under this paregtaph .
<br />''< ' 7.Lender does not have w do so.
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<br /> � . � . . Any amounts disbursed by L.ender under this paragraph 7 sha11 become additianal debt of Banower secared by this
<br /> . � � ` - Security lnstniment.Untess Bonower and Leader agree to other tem�of payment,these amounts shali bear interest fmm ttte •
<br /> � _"�'..�.• . , date of disburse�nent at the Note rate aad shall be payable. with interest, upan notice from Lender to Borrower requestin8
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<br /> • payment.
<br /> ' �T�. .` ' , 8,Mortgage 1n�rence.If Lender required mor[gage insvtance as a condirion of making the loan secured by this Securiry
<br /> '��'•' � � • � � ,•'.:� Instrumeat, Boaower shall pay the premiums required to maintain the mortgage insurance in effert. If, for any reasnn,the �
<br /> � ��� � �: '� .I mongage inswance coverage required by Lender lapses or c.eases to be in effect, Borrower shall pay the premiuma required to
<br /> ' . � ' obtain wverage substantialiy equivalent to the mongage insurance previously in effect. at a cost substantlally equivatent to the �
<br /> � ` � � � cast to Borrower of the mortgage insurance p:eviously in effoct, from an altemate mongage insurer approved by Lender. If
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<br /> . � • • , :j substantially equivalent mongage insurance coverage is not availabie.Borrower shall pay to Lender each month a sum equal to
<br /> i �� • • � one-twelfth of the yearly martgage insurance premium being paid by Sorrower when the insurance coverage lapsed or ceased to
<br /> ',i. � ' �
<br /> ' . , � '1 be in effect. Lender will accept.use and retain these paymetns as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> , � . • Form 3 1 �
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