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<br /> . g- ic,1029
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<br /> _ � §. ���r g�g�ty E�surance, gorrower shall keep the impmvemenu now existing or henai'ter erected on the
<br /> .' � property insured against loss by fire.haaaids included within the tetm "extended coverage' and any other halards, including :� i .
<br /> " floods ar flooding.for which Leader requires iaiurance•Th�s iasuran�shall be maintained ia the amounts aad for the periads
<br /> thaz Lender requires•'fhe insuranoe camer P1OY1�����II�����E chosen by Borrower su�ject to l.ender's approvai
<br /> which shall not be unreasonablY wichheld. If B�nrrower fails to m�intaia coverage described above, L.er.der may, at I.ender's
<br /> ` option.obtain coverage co protect Lender's rigdu ia the Property in accordaace wich paragraph 7. .
<br /> AU insurance polisies and renewals shall he asceptable co ixnder and shali iaclude a standard mort�age clause. Lender
<br /> shall have the right to hold the palici+es and reaewals.If Lender reyuires.Borrower shall promptly�ive co Irender all receipts of
<br /> paid�remiums aztd renewal notices.In the event of lass.Borrower shall give pmmpt aotice to,the ussuraace carrier and Lender.
<br /> ...,-";� l.ender may make pmof of loss if not made pmmptiy by Bortotver.
<br /> t tJnless Lender and Borrower otherarise agree ia writing.insuraz►ce Proc�ds Shaii be app�ied to reswration or repair of the °._�
<br /> ' , ' �i propErty damaged,if the reswration or repair is economically feasible aad Lender's securiry is not lessened. If the restontion or . �.,:
<br /> . . � repair is not economically fea�ible or L�ender's securiry would b�lessene�3,the insurance pmceeds shall be a�plied to tbe sums ,_.-m_
<br /> _. °, ` Secured b,y this SecuritY Insuums�nt, whether or not then due,with any excess paid to Bortower. If Barmwer abandons the ,
<br /> t or dces not answer within 30 days a norirx from Lender thaz the insunuce carrier has offered co seule a claim. then �•.��`.`__
<br /> ' , :� ���y �ll��e insurance p�uc�eds. Lendes may use the pmc�eds to repair or restore the Froperty or to pay sums �-_
<br /> In_C�rment,whr.irer or not;�.,.�e.'The 3a-day�ric�:"��"eia vfhen tre natice is given. ����:_-_
<br /> . f� sccured by this Secvrity ^ F � . h���ef' ... to rinci al �a'.2 nat eatead or -_--
<br /> ,,� ( Unless l.eader and �:rower ot�:r�ise agr�;�F-citing, z�aY aFP� r� p g �;,:_--
<br /> �_�s 1 a.�L ���::.�a r�e amouat ef e,-e gayme�ts.If
<br /> .:.i;:��t° �osspone ths due date of the monthlY �yments referr�to in pas�'' a._ . r r=
<br /> . '%';<;- uader para�h 21 the Property is ac�ii.*�by I.ender,B�orrower s ai�'.to�d i.s.:.��<<-���.d prucee�resulting�":�
<br /> " , :�,_�;. damage w�Propercy Frior to the a c q u i s irion shall pass to Lsnder ca t�r exteLt c`'.:�QW����y t�is Srcuriry Insk-�� ���-"'.
<br /> r��r `_„me�tia*�v prior to the acquisiuon. �^°�'�._
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<br /> 6.�,�ancY+PrFServatiaa,Mainteaance and E'roiection of the Pra$s�;�a�icers II>�P-�,,,��:j..,
<br /> � ..:��•f I �'� �35''_iEXEC.y`W�r
<br /> „��,� . establish,and use the Property as Borrower's princip�l rr�.�ce aiL.s�•�ays a� �,::_,-
<br /> ,: : ..� Bonow��saL:occapY, as Barcower's ci al�`,:3°...oe for az Ieasi oas y.�. �' -
<br /> . _� . .=�;y�'�`, this Sec�..w±��suument aad shall cuntic��e to occupy the Propeay P� P -
<br /> ---- ;� ,4� the date af-arn�.pancy,wiless Lender ariurwise agreES in writing, v�Iltch co�sesft shall naz��iy�riiiii�Yw�i u.�a �---
<br /> � ', -• ex[enuatiag circumscanc�s exist wtuch are beyaad Eorrower's control. Borro�ti� shail not desmay, damage or im;.:_:he =—
<br /> . p�operiy, allow the pruperty to deteriorate,or wmaut waste on the Property. Bmrower shall be ia defanit if aay forfeiture
<br /> . aetioa or pra�edin8, whether civ�or asaunal,is begun that in Lender's goad P�sh judg�aent could result in forfeiture of the
<br /> � 4 �� ProPertY or otherwise materialIy imPa:="�e lien created by this S�urity Instrum2at o7 Lender's securiry iaterest.Boiro��r may
<br /> ' ;,�l., eure such a default and reinstate.as pmvided in paragraPh 18,by causln�th�e actio��r proce�ding w be dismissed with a r-.1ing
<br /> �.�!'.
<br /> ..r that, in i.e�tder's goad�:.�determination, Prectudes forfeiture of[he Bonnwer's interest in the PropeitY or other '
<br /> � . ' impairmeat of the lie� a-��,ted by this Security Instrument or Leader's seQUity in5s=re.st. Borrower shall al`A ice in default if
<br /> °j�' �' Borrower,during t�s Ir�.;..�Plicanon pT°cess•gave materially false or inaatiirarr rr.�aimarion or statements to I.eader(or fa�ed
<br /> : . " �' to pmvide[��er wi'1��y mate�l�o�on)in conner.tion with rhP loz.n e.7:.:^..r�ed by the Note.including,but not limited
<br /> ' to,repres�ntations cc=_�..'°rn9ng Borrower's o�panry of the Prop�rrt'.-=a prinsip�l tesidear�e.If this Secueity Instmment is on a
<br /> • l�sehold. Borrower �a:1 oomply with sU the pmvisions of tke I�se. If Bommti..r acquires fee tnde eo the Peoperty+,thr�
<br /> � leasehald aad the fee ti�.::sha11 not merge unless I.ender agrees to the merger in wrieiug. ������
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<br /> � 7,Proicrtion oi l,ender's ltights in the Property.If Borrower fails to perfozm ahe covenants aad agr�e
<br /> � this Sec�uity Insmunent,or there is a legal proreedinS that may significantly affes�l.ender's rights in the Praperty(such as a
<br /> - procceding in baalcruptcy.pmbate,for condemnatioa or forfeiture ot to eaforce iz�v;or regulatioas),thcn ixnder may do and
<br /> �. _ pay for whatever is necessarY�o Protect the value of the Property and Lender's ri�'ars ia the Property. Leader's actions may
<br /> include paying any su�rs securea by a lien which bas priority over this Securizy Insmiment. aPPeari�� �n °°vn. ��Y�g
<br /> - ' reasanable auorneys' f�znd entering on the Pra�er�y:o mnke repairs.Althou�,h i,e�der may talce action under this paragraph
<br /> .:' , • "` 7�Lender daes not have+�E�o so.
<br /> � '�` My amounts disbu:sed by L¢u�ir_r under this parag�aph 7 shall become�:�itiona] deht of Eorrower secured by tt�s
<br /> ' ���';. ';•' Security Insuument. Un!�s Borrower�ad Lender agce�to othe:r,ar�of paymens. these amounu shall bear interess from the
<br /> ;�.i � � . date of disbutsement��e Note rate and sliall be payable,with iacerest, u�� n�tice from Lender to Botrower m.questing
<br /> ..�';. payaieat.
<br /> . ,`:r,.� - 8.Mmitgage Insiu�ance.If Lender required mortgage insurzaa as a sa�ditio��f making the loan secured bY this Se�urity
<br /> ' f-'r p p '�uraace i� effect. If, for az►y reason,[he
<br /> � .•:.''���;�"� Instrume�z. Borrower shall ay the �+emiums requiretl to mai.cvs�n Ghe mortBa�e
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<br /> mort$age i�svrance cm+eraHe required by lender lapses or cea:�:��:�e in effect,18vrrower�s.i.l pay the premiums required to
<br /> � = obtain coverage substaz:t9a11y equivalent to the uc9r��ge insvrz�z"w�r�viously in E�'ect.ai a ocst substantia�y equivalent to the
<br /> � ' �• sost to Barrower of tJir�mortgage insuranse previr�u:''l in effc:r�',from an�lrurn.�te inongage insumr appni�'��by LeIIder. If
<br /> " :�� � substa:�ri�,ili�e9uiyale�t mortgage insurance coverage is not av�avi,�.Borrovrer s�ll pay to Lender e�uh m►sm�a sum equal to
<br /> ,'t:;��..y -
<br /> .. •��;la;�•, one-t�z:�'rit ef the yearly mortgage insurance premium being pai�'s/8airovret wi�=n ths in,sur.,�se cove��:taipscd ot ceased to
<br /> .••.,,.�;;'',j. be in e;��a..l,ender cv?Il ascept.use and retain these payments as a loss resErve i+� lieu of u��nY�age ins�uaace. 1.oss teserve
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