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<br /> ` ' ' ' iacIudin�flon�s or flooding,for w2u�h Leadet requites inc��ransp.'ibis insurance shall be maintained in�he amounts and �
<br /> for the periods that Leader .'Ihe iasnrasce canier providinb t�e insnraasz shall be chosen by Burrower subject co �_
<br /> . ` L.ender's approval which not be unma..�mebl� withheld. If Borrower fails to m�;n A�n �denge descritred a�ove, a�.
<br /> ~ ;xnder may. at Leader's optlan,obtain coverage to pmtect Lender's rights in tfle Propeny in aocordance with paragraph --
<br /> 7 �
<br /> � pll insurance gcslicles aad renew�Is shall��acc�table w Lender and shall iaclude a staadard �aortgage clause.
<br /> �. � Lender shall have the right to hold the golicies and Yenewals. If LEnder requires. Sorrower shaU pmmptly grve to L.euder
<br /> ' , all receipts of paid premiums and renewnl notices. In the evcnt of loss,Boaoaer shall give prompt notice to the insurance
<br /> �_:�__�; •. carrier and Lender,I�nder way m�ke proaf of loss if not a�2de pmmptly by Borrower.
<br /> ' _f- Unless Lender aad Botmwer ot�erwise agree in writing,msurance Proceeds shaii Be a�Plied ta restoration ox te�air
<br /> � • • �'"'� of We Progerty damagal,if the�storation or�air is economicall;r feas7'ble and Lender's security is aot lessened. If the '
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<br /> ' restor^.xion or repair is not economically fcasi'ble or Ixn�er's sc�urity wnuld he les�eneal,the insuraace praceeds shall be ,
<br /> � 2pplied to the suns s�cured by this Se�uity Instrument, ahether or not tdien due,witt►any excess paid to Sorcower. If �_._
<br /> ° ' Boriacver abandons the Progerty, or does not answer within 30 days a notice from Lender that the insuranre carrier has °
<br /> offercd to s�tle a ctaim,thea LFn�?pr m?ry collect ths insurance pmc�ds.Lender may use ths pmceeds to repair or iestorc _
<br /> � the Property or w pay smns securzd by tlus Secur�35'U�su�men�a'hether or not then due.The 30-dag penod will begin
<br /> when the nauce is given.
<br /> '� UnIess I.ender and Barrower othetwise agree in writing.anY aPP�icauon of pmcceds to priacipal shali not exteu:or
<br /> : � posqiaaa t�due date of the monWly payments teferred to in p�'.gsaPbs 1 and 2 or chaage tis�amount of the paymenP�.If
<br /> _ ;;':r� uader gz.x�r�h 21 the Progeny is acqwred by Lender.Sonau-�.'s nght to an�msura�ce golicies and proceeQs resutta�
<br /> :,.` , fram damage to the Froperty prior eo the acqwsrtion shall gass to I.ender to�e extent of[he sums secuted by this S�urit9
<br /> : :� �'" instrtm�nt immedia�y prior to Ute acquisirion. —
<br /> ��.;�::•: 6. dccupaa�,- L7reserva�on� Maiatcnanse and Praiecmton o8 7he��ty; Borrowe�'s Loan ApplIcation,
<br /> res
<br /> � '����� Lgase�toids. Bonow�r�nall accugy,establish.aad use the Property as Borrcr.�r s prr�ty?:'residence within sixcy days —
<br /> �' •�."�- � r.n�-,imenf and sball conlinue io ocxu the Ft� ertv:�i�rc�vrer's al resideace
<br /> � • after the executiou of�tptti,,s�S�e�curi.r, �Y P P��P
<br /> . , �i�L t .�°L OIL2�'.$T litlGi itt��ATP f?f 4�-ccuPancY, unless Ixuder oiheiwue agtees in c�-?ir�,�.whir�consent shall not be —
<br /> uaneasonably arithheld,or unless�uatinS cinaanstanaes exist wluch ue beynnd Borroa��s controj. Ba�wer shait�t
<br />'`�'. -�— ��'��' destc�ny,damage or uapair the Pc�operty,allo�v chz PmpertY to deterior2te,ar coamut waste oa t�L�*_+m�rry. Borrower r
<br />- , , � � shall he in defanit if any forfeit�re action cr gmx-�ling, whe.ther civil or criminal, is begun that in E.c�i�r's govd faith
<br /> � judgc�t could result in fbrfeitare cf the :rr��.y or othe�wise materially impair the li� creaze�':,� this Securiry
<br /> , ' , ';�i?�� inan�r�•�ar LeadeT's security�Sa.�.Borrow�r may cure s�;cb a default and r�instate,��rovided in paragraph 18,by
<br /> � : � causin.,t3�e sction or proc�eding ?�Le dismissed with a naling that, ia Leader's gae�' ':�ith determination, preci.r�
<br /> ` forfeiture of the Borrower's intgrest m the Property or other mazerial u'�airment of c:: liea created by tlus S�ritj
<br /> � � Instn�ment or Ixnder's security intenst.Bomower sha11 also be in default i€Bosower,during the loan application process.
<br /> , • • •� gave materially fa�se or inaccuiate informasion or staternents to Lender (��e f�zd w pmvade L�nder with any materiai
<br /> • . �.�;.,;},�,, informz��n)in conaection with tt�,':�an evideuced by the Note,including,�:not li�ted w.c'ePmsentations cancer�,;
<br /> �.�i�P;'.�: Bo�c•;�s occupaacy of the Piv�.�as a principal residence.If this Securiry Instrum�=u fln a leasehold,Borrower�iz�ti.'s
<br /> :;�4;F;�'�' complg crith all the pmvisions of��ease. If Borrowrr acquires fee atle to the Prop�. ihe leasehoid aad the f�e��.�1.
<br /> ,.-_;,�. _
<br /> � t,,�:.,�+ shali noi merge unless Lender ag�s co f�c uccxg�:�is wating.
<br /> :,•„ � . 7. 1'roiedion of Lender's Rig�ts in t�=�roper�y. If Bonower fails ta perfoim the covenants and agmenaents
<br /> A�� conta:nrd in this Security Insmuaent, or th�c s.:. �leg�l proceeding that may significantly affect Leader's rig�ts ia t6e
<br /> ':;: � �:":� pm�r!such as a proceeding in ba�kn�ptsy,r^�aate,fot��attoa Qe'L•a�feiture or tfl�force laws or re�latie^�1,
<br /> :�. •.":;°;;, thes �d:er may do aad pay for r.;zatever is nocessary to gn��the vaL*�e�f the Pmperty and Lender's rights in:�.z
<br /> �i`,M1
<br /> '�: :.;;�. Pcc;g��:tti:. L,.ender's ac'tions m�y s�:iade paying any sums :�.Ired by a i`_en whieh has priority over Uris S�?:
<br /> b.en
<br /> in�,���;,,appearin�in covrt,ga}:�g reasonable attomeys' fees aad ente�n on the Prop$rty to make repaiis.Althou
<br /> - Lender�I take�r�i�sn under this patagraph 7,Letider dnes nvt have to do:n•
<br /> ' A:��ou�ui:fi�::sed by Lender under this paragrapb 7 shall becrLS::additional debt of Borrower secured by thIs
<br /> ` '�• Security Lz..�numen� 4.'W�s Borraivn and Lender agee w ottter tenns of��;�xnt.these amounts shall bear interest from
<br /> �,'s'='�' ��� ' the da;e�C disbuise�nt at ths '�Fu� rdte and shall be payable, with interest. upon notice from Lender to Borrower
<br /> °-��.�r�w<t..'..' . ��.=b paYmen�
<br /> '��:�.;:°:� 8.Mortgage Insmance. y±`:reader required mortgage�asuranse as a wndition of m�lcing the toan�..�red by tHis
<br /> - :�ti'..�i:�, , Securlty InsnL*++F^t. Borrower shall pay the pr�ium9 required to m�aintain the mortgage insuianoe in e,ia.7c. If,for atry
<br /> � �. . reason, the mortga;e insurance coverage re�n.ta by I.ender lapses or ee�ses to be in effecx, Bors��vcr sha(1 pay the
<br /> � . ..,: pmaniums required to obtain covezage subst�:.uaS?Y equivalent to the�u�::.,�e insuraace gieviously +�.�:ifect, at a cost
<br /> �•.�;� �:..: substandally equivalent to the wst to�rrower of the mortgage insurancc F-:.iously ia effect,from an a,tema*.e mortgage
<br /> ' = +�;�F insvrer approved by Lender.If substantiallyeqw valent mort��;:insurance co��erage is a4t s►vailable. Borrower shall�ay
<br /> ,'•,''^�`:]"'' to lxnder each ruonth a sum equal W one-rarelfth of the yeazly aortgage�r�-ance premi�uu oeing paid by Borrower�-,.en
<br /> - ' � ` the insurance coverage lapsed or cea�ed to be in effect.Lender will acc�;r,, ;;::�:aad retain rnese payments as a loss resE:ve
<br /> ��'�,�� in lieu of mortgagp insnrance• 1-uss reserve payments�ay no lon�Pr�-� r�,�,>zed, at the option of 3.ender. if mortgage
<br /> ss
<br />-- '�'� ' insUrunce coverage��in�he amount aad for the od that i.ecder rp��.nt;t� r.ovided b{�an iasurer�}�}�rovest bv I.ender
<br /> ...f��.._.��i,j;.._: 4f �. "'i � J '7C 7
<br /> : ��.;,�t�: � again becomes available and is�s...aiaed. Boaower shall PaY"`� Pz�r':�:equired to maintain mortgage insuraace ia
<br /> '' . %;�,� effect. or to provide a loss rescrv�� until the requirement .�sr i_.ortgaga insurance eads in accordaace with any wcitten n,
<br /> _ , agrcemrnt between�Orrower acd l:�Cder or applicable law. Form 3028 8o yo f 1(/{p�
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