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<br /> � ' ` y. �� or pi,o�y gnsuraass¢. Borrower sha11 keep the uuProveruents now eRisting or hereafter erected on the ��';
<br /> • ��¢riyr �n.,�ured against loss by fire.hamrd3 included within che term°extended covera�e°and any other hazards. including
<br /> ,.. � i tioods or floodin�.for Evhich Lender requires insurance.This ieuurance shali tr�maintair.ed in the a�ounts and for the periasis
<br /> , ; that Lender requires-'the insurance carrier provi�ing the lnswanse shal�bs c�4sen by Borrower subject to Leadei s approval
<br /> � whicb shall aot�e uareason3bly csrithheld. If Bosower fails to maint�in coverage dessribsd ahave, l.ead2r may. as 1.ender's
<br /> ' ` I optian.obtain covera�e to pmte,st I.endzr's rights in�he Prope�rt}+i��ordance with parag�a
<br /> �I ��u���d��v�s shall be a.cceptable co Leuder aad shall inslade a staadard cnanga�e clause. Lender
<br /> � . sb211 have the right to hold the policies aa�reaewals.if Leader rzqunr�.Borro�:er sls�J2 PT�mP�Y Fi�y2�o l�nd�r all receipts of .
<br /> : _,� p�d premiums aad m�ewal¢otices.Ia the event of loss.�otro�+rer s�ll give prompt natice to th�ias.�ta�ce carrier and ixader.
<br /> . . Lender ma ma�e proaf o,t ioss flf uot a�s proffigsly by Borrou►er. air o;t�e �•,�
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<br /> ' '-��" U�S L�a��r an�Sorrower othecvJise agree in��►ei tin�.i n.�u r a n ce p r a�e d s s h a l J 0 e a p p l i e d c o re s t o r a n o n o r r e p
<br /> .�.`'� . Fropem,�damaged,if the restoration or t�zpair is eoonomisally feasibl�and Lendei s s�curity is not te�cuYd.If the r.xtarrsioa or :.
<br /> . . cepair is aot economi c a Uy f e a s i�le or L e n dei s s e c u ri ty v u o u l d be lessened.the insuran o Bo�r-�lf�Bonower abaudons t�e _
<br /> , . S�hy this S�curity Iasnvatent. whether or nnt then due.uith any exo'�s P =
<br /> � Peoperty,or does aot aaswer cvithin 30 days a nutioz from iender tt�at the it�uranc�rarr►er has offette�d to��or to aza sumc -
<br /> I�afler �ay collecc che insuraace Praceeds. L,ender maY use the pmceeds to repair or r�store ttte PmprrtY P Y
<br /> . � �. ser�u�by this Securiry Instr�aieat,whether or aat then due.The 3U-0ay praiad arili begin cvhrca the notice is�ivea. _ - -
<br /> . Untess Leader aad Borrower othernise agre�m writing,anY aPpli�2ion of pmoe� co pritt�ip21 shall not eatea� or Y�
<br /> . � n.,.meats rafened[n in paragtaphs 1 and 2 or change the amotsat of ths paymeats. If
<br /> _= - . Imsipauz���e af s�e�iY �"} ara a� ��_.
<br /> °' � - imder paragraph 21 the Progerty is acquirPd bY Lende�.Borrowu's right to any insurance poiicics�ni��r�r°°�...�ceag f�om -__
<br /> damag,e to the Propeny prior w the acquisirion s4iaU pass to 1.ender to tke exteat of ttte sums secured by this S�uriry Ns�t `'_
<br /> � ' � ��Y Prior to the acquisitian. _
<br /> Pe�atELn. A+�ainienauce aad Pr+otectinn of ttte Pruperiy; Borrower's Loan ApplIcat"ron;
<br /> , � F: I,��oids.Bor�rower shall occuPY•establifh,aa�use the Propea5+as Bflrco�v�r's priazipal resideuce withia sixty days afcer the =-
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<br /> . ...�� execution of this S�uriry Insaumeni r.u�shzll a►r�tinus co occupy�e Propsrry as Borrower's principal residEnce for at least anE —
<br /> year afrer the d�te of osx�aacY,unt�E�¢�er nth8rwiss ag�s in writing,whicl�cwn�ent shall r.ot b�unteason2blS�arith�eld,
<br /> . . t:i�;�::'. . � � or unless extenuarin�circumsc�eIS%�'-atuc3��e beyonfl�orrotver's conuul.8osro�v�r EhaU aflt dast�oy.damago err i�pair _
<br /> .` , allow the Property[a e�u�iar�e_or commit wr�ta on the Pmpr�rcy.Barrmv�s shall be in default if sny forfeiture
<br /> • "'"'� ihC FIO�DCIIy. p�pp�
<br /> . •� '` actlaa or praceeding,whether cirn7 ar crimin�}.. is 4egun thxt in Lender'�gaari faith judgment cauld result in forfeitute of the
<br /> ,- ' • f propemJ or othgnvi�¢materially impair the lie��eated by this Security Intttument or l.ender's se�uiq,uuet+�.Borrower may
<br /> • .� aue such a defauli�d reinstate,as Provided im paTagzaph 18,by causiug the action or pro�eding to be dismissed ttcer maten'al
<br /> . thzt, isi f�der's gaod faith dete�mination, Piecludes forfeituna of the Bozrower's interest in the Property
<br /> . . impai�ent of ttte lien creazed by this Serurit3+ Insuuareat or Lender's securiry intemst. Borrower sLall also tne in defauls if
<br /> . Borrower,during the loan agplication pracess,gave materially false or in��e�rate information or statemEnts to Leuder(or failcd
<br /> �p�vide Lender w�th any material infor,mztiona ia comcettion witm the laan evidenced by the Noto.including,but not limitod
<br /> . . •�'; to,rePresentations caaceming Borrow8r's ocasgan:y of the Property as a prfia�ipal resideace.If thla�e.writ*,I Inctrument is on a
<br /> .�r�,� leasehold, Borrower shall comply with all t�s provisions of the Irase. If�orrower zrquires fe�tifle tn the Property, the
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<br /> ' `"�K� leas�old aad ihe f�title shall aaf u�ge unless I.eeader age°.s w the merBer i�w��g•
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<br /> .� 7.PmYecbton at Lender's Fiights in the L*cr;�er¢�'.If Boiron►er fa7s to tserform tt�ax�venants and agc�eem�n3�v�ntaiaed in
<br /> .. � • this Securiry tn�r�„men�,or there is a legal pmcr�ding that may significzmly affect Lcmder's rights in[he Pmperty(s¢c}a as a
<br /> .� � p��diag in bankr�ptey,probate,for condemmaation or forfeiturs or to�afoTCe laws or ngulations),th�Lenieg�y��d�o�y
<br /> � . - gay fcsr whate�er is neixssaz5+to protea the value of the Prisp2rty and Lendsr's righu in the Progerty
<br /> :° . iucSu.�s Paying anY su�s secnred bY a lien w}rich has priority over this Security InEUUmeat, aPPeaTinB in court, P�&
<br /> :°�"'�.'"�:°,.. reasonalsle attom..��'fces and eatering on the Praperty to make�epairs. Althoup,h l.ender may take action undcr this paragraph
<br /> --�`�' '' ` 1.Leader dces nar ha.ve to do so.
<br /> T`u""`�::;��` pny amounu disbarsed by Lender un�d�r this paragraph 7 shall become additional debt of Emrower secured by this
<br /> :-3;;;- S�uriry Insuvmeat. Unless Barrow�r and[.�cs.;�er agree to other temis of payment. these amounu sl�i bear interest from[he
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<br /> �`'',�'� �•• date of dis�utsement at the Not�r.'�e a�� v:^all be Payable,with interesi. upon n�rtioe from 1.ender to Boaower reguesttng
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<br /> _.Y:.�S.r^,r PaYg Mo���nsur�.If i.ender c��uii�3 mongage insuraace as a canditi�n of making the loan secured by this Securiry
<br /> --�:'"�.:. � Insuumeni. Borrdwer shall pay the premiu�:, recNired to maintain ths martgage insurance in effect. Ii. for any reasan,the
<br /> ,��� j mortgage insnrance coverage required by Lender lapses or ceases to be in effect,Borcower shall pay the premiums required to -
<br /> :,,,�.*�_ �•. abts;a coverage substantially e�uivaleIIt to the mortgage insur�nce previonslY in efiFect.at a oost substantially equivalent to the
<br /> • • co3t tfl Borrowet of the mortgage insurance Pre�':ously in eifect. from an altemate mortgage insurer approved by I.�ttdet.lf
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<br /> �•�. substs�ntiallY equivalent mortgags insurance covcra�;e is aoi a�ailable,Hnreower shall pay to Leader eash momh a sum equai to
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<br /> • ' ;,. ` one-tvielfth of the yearly mortgage insvrance premium being paid by 13nrn�n+er when the insuranc�covcrage lap�ed or ceas to
<br /> � � be in effect.Lender will a..ccep�use and mtain�hese payments as a las: �n.�:atve in lieu oi mortg��: i�surance. Loss reserve
<br /> . ��t'Y6(„. Fortn 3�28 8190
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