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<br /> � � 3. eaasrd or YropertY Insmance. Bamower shall kezp the improvemeats nov� eaisting or hereafter eiestsd on titte -
<br />_ � � peppe�sy isesurai against loss by fue,hazards iacluded within the tem�'extende�coverage° and any otaer ha�ds,it�lu�ing
<br /> ftoods or Qooding,for which Lender cequires insurance.This insurance sDall be maiatained in the amounts aas�for the periads .``
<br /> . • � ttiat Leader cequires.Th�inswaace cairirr�mvid'mg�he insivance shall�e chosen by Borrower subjeci w Lendsr's apgroval �;f._
<br /> � • '� w?�ch shall not be uareasonably wit�held. If Barrow�r fails to mgintuin caverage described atove� Leader may.at Leader's �,
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<br /> C � ; option,obaaim coverage to protect lxnder's r'sghts in the Froperty in scs�tdanse�vitb paragrxph 7.
<br /> --- - -- • --- ! P.!!'L��..aF polun?s and renewats shaU be acceprable to Leader aad shall include a standard mortgage clause. Lender
<br /> � f shall have the right to hold the policies and re�ewals•If Lend�r reciw�s•$°1TQWeT��1 pr°mptl�nve to Lender all receipts of
<br /> � �:Y:=-�=�: i p�id premiums and reae�ual norices.in the event of loss.�orra�xr shall gie:e pmmpt notice co the insurance cairier and l.ender.
<br /> �. .rr Lender may make proof of loss if not made pmmptly by�orrower-
<br /> . U���Qr���yi�o�������ing,inturnBO:p�re�.s shall he appli�d to restoration ar repair of the
<br /> . �P�nY�a�if�he restoration or repz3r is eoonomicaliy feas:Uia mmd Lender's security is not lesseu�d.If ehe cescoracion or �
<br /> � � reqrair is a�t ecoaamicaliy feacible or Leuder's s�urin�wauld be lesse�ed. the iasuraace Piuceeds shzll tse 2pplied to tl�e sumg E._
<br /> � sECUred by this SecuritY Inst�ument, whethsr or nat tb�a due,with any excess paid to Borrower. Yf B�narsarer abaudoas the �-
<br /> . ', .•� Property,�r daes not answer within 3fl days a nflti�fmm Lends�that the insuraace carrier has offeresi m s�tt i�laim,� �n
<br /> , . • ;. Lender m�y collea tb�e insutance psoo�:ls. Lcader may use the praa�ds to repair or restane the ProgertY F�Y —
<br /> se�zed hy t;u€SECUritY t„�_�t,wbEtkEr or nai then due.The 30-day period will begin whffi t1re uorice is given.
<br /> Unle�s Leader aad Bormwer u�erwise a� in wriang, anY aPPUcatian of proceeds m pr�acipal shall not earnr,� oz _
<br /> ',� �ustpoae t�:dae date of th��onthly payments�efm�ci to in paragtap5s l aad 2 or change the amo�vut ef the pay�en3s. If -
<br /> IE � i1C1CS 2IId Y(i4�G�5 ICSIt111D�fSADl
<br /> , : , � uad."r p�--�.�'�-�h 21 the F�p:rty is aceiuire�by Lersier,.Borrower's right to a�} lnszuaace Fo� P __
<br /> • �k damage t�t3sL Pmpertp Prior w the acquisition shall p2ss W Lendsr to the e�etent af�sums seaued by this�sriry L'rs�t
<br /> , , "r�:• ..; i�tiatsiy peior m the acquisitfloa lisatfon.Le�s�l.%�s• --
<br /> ` -. 6,powpancy,Ptrservatton,r►'�asnt�:::r9ee aas�Fr�tec�ton of the Yro�erty:Borro�resl5 Lrzan ApP
<br /> ;:.'• Borrower shall accupY,establisF�.and u'�..;.:Fc��.�.�:v+�Borrower's prtncipal residenec with;n�y days aftcr th�ezecution of
<br /> ������• � t and shall conti:��e cv n�r�:ae Properry as Bomower's princigal rw�.:�:�ce fes at l�st one year after --
<br /> . � this Securiry Instrutuen
<br /> . .. �• � the dau of occupancy,nnless Y�ender c���r.�.-''�s in wriang,wtuch consent shall aot�r u��ssonab'r�r�ithheld, or ualess
<br /> extenuating citrutastances eaist whic:t� beyand Borrov�er's canuol. Borrower shall as7;:�a�tmy. damaSe or im�air dte
<br /> _._ .. praperty, aUow the Propetry to deteticr�:..or commit waste on the Aopeny. Borrower rss�ti'oe in default if any forfeiture
<br /> . . � acdan or proceediaS•v►h�he�'ci�i1 or criminal,zs�:�-�un'�v°1-�ader's goad faith judgnnsnt wuld resutt in forfeinue of the
<br /> . propeny or otheraise maurially i m pair the lien cs�:-'�by this Security Insuum�i:er Lender's se�uriry intec+�s�Bairower m�y
<br /> ' eur sneh a default and reiusiaie,as provId,ed in Q�,r.�.-�h 18.by causing ttie ac�:r flr pmceedin8 to be dismisssd wich a r�Sing
<br /> . that, m�Ps goo�faith determin�iras... Precludes foife�.tvice af�the Borrower's interest ia the Property or oiher ar�r�.:.i
<br /> . , . �, impair-..�r:c!:•r�e lien created by this'��ity Insuument or 5r�r's securiry lnterest. R,.a¢rower sha11 also be in de�.�r::f
<br /> ' �.orrawe:,�'.jria8 the l�an applicarion prr,�ess,gace�.aterially false or iaaccurate information cr statements to s.endar(or failed
<br /> : • ,;�p����er with any mate�I�information)ia�:�on with the loan evidence@ by the Note,iacluding,but not limited
<br /> ' eo.mPlesentations conceraing Borrow�'s occupancy of the Property as a principal reside*ccE.If thL�SecuritY Iabuvment is on a
<br /> " • leasehold, ?orrower shall cvmply ���r. all the provIsions of ttae lease. If Busower acc�uirzs fee utIIe to the Propeny. the
<br /> • teasehald�rhe fee title shall not merba unlcss Lender agrees to the merger in writin8• �����
<br /> . 7.Pt�'c�ton oi lL��eer's Ri�ts In the Property.If Borrower fails to perform the cove��and ag�men
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<br /> ' • .. ;�Sec�rity Instn��- �cr there is a legal proceeding that may si$nificantiy affect Lender's right�in the Praperty(such as a
<br /> -a -..', . � p�i��in bankiup;,r,,IObate,for condemnation or forfeiture or to enfotce laws or r2gtilattons),then l.eader may da and
<br /> - ���� �:..;?-,�.� pay for��s����er is necessazy to pratect thp value of the Prapea-a and I�ender s rights in the Propercy. Leadet's actians may
<br /> _.�•�r�:� ' Include ����g aay sums secured bY a lien a:hich has priar•s� uver this Ssxuriry Instrument, aPPea�lnB in oourt. i,'�?'�in8
<br /> �n;.��`�"`-:,�' . reasonab le attorneys'f e e s a n d e n t e r i n g o n t h e P r a p s rt y t o m a k:r e�a i r s.A l t h o u g L Lender m a y taice actlon under this paragraph
<br /> ,;:;;;� . . .�' . ?,Lender dces noi�ve to do s�.
<br /> = '`, Any amounta disbursed by Lender under t�:��aragraph 7 shall become additional debt of Bo�cr�:tr secured by this
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<br /> �°':°-"��._ ;:r • Serauiry Insuument. UNess Borrowr-end I.eader agee to other terms o�payment.these amounts shalZ L�".-eT interest from the
<br /> � date of dlsbursement at the Note r.�r:and sha11 be PaYat�1e•cvith interest, upon norice frnm L.euder to$orrower rcquestin8
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<br /> :�.�wa;li.ro PeYmeIIt.
<br /> �•;;�;�,..:• 8.Morigage Iasnr.f�se. If Lender required mortgage insurance as a candition of making tlie loan se��red by this Security
<br /> instrume�t. Sorrower shail pay the premiums reguirod to maintaia the mnrtfi':�,ye insurance in effect. If. ior any rtawn. the
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<br /> ;,y�:=.� . ., e insurance coverage req�ired b Lender 1 ses or cea..e's rn be i�r_f3ia�,Bormwer shall pay the premiums to
<br /> � . ' obtain coverage substantially eguivalent to the mortgage insur,cr•r.e_r.rrviu*�:-/in effect.at u cesi substantially equiv�cr::�s��:he
<br /> �`' � cost to Horrower of the mortgage insurance previously in eff�s. :�a�:�altemate martgage insurer appmved by I�a3i�r.If
<br /> . ` • substantially equivalent mongage insw�ance coven;�Ee not available.Borc�S�:r shall pay to LEader e�h manth a sum equal to
<br /> ..�: one-twelfth of the yearly martgage insurance prcmium ueing paid by Borrower when the insvraace cover�lapsed or�to
<br /> ' • �:' ` be in effect.L�ender will accept,use 2:.d retvn these payment�a:, n'ass reserve in Iieu of mongage 's�_:a�aa. Loss reseive
<br /> ' �!,,�*• form 302g 190
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