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<br /> .—°-- - 5. H�prd or Peoperiy Ins-uru�tm. Hnrmner .hat! kcYp the imprcri��t►cne� � e�i�ti�g cx here�fter er�:t�d nn �he -
<br /> Pruprcty in�ured a�ain�t losti by firc. h�r,ini� includeJ within the tem� "extendcxi cu��ersgc" :uid any uther ha-tatds, including _
<br /> � fl��ud�ur ll«oding.fi�r�m•hich l.enJct reyuircti insur,�nre.This insurance�hall he maiutain�tl in�hr:unuunts and far the periods _
<br /> '` � that Lsnder reyuin:s. i'he in,ur.u�ce catrier prnciding the insursnce shall he rhmen b}� Bnrruw•er+ubj��:t to Lender's approval �
<br /> � ahid� .hall not he unreasc�nably �i•ithhcld. If Borrou•er fails to maintain wt•erage dqcribcd atrot•e. Lender may. at I.ender s _
<br /> ' . �►ptiml,ahtain coverage to prutect L.ender+righu in the Property in accordance a�ith pa:ugraph 7. �:;
<br /> � ' All insuran�policies and renewal,shall be acceptable ta Lender and shall include a Standani murtgage clause. L.ender ;��•
<br /> �haU 6a�•e the ri ht ta hold the ulici��and rencwals. If Lender requires.Bnrro�ver shall prompdy give to Lend�r all recei�i.g of ��
<br /> .- -� � p:►id premium.s and renc�v;il nutpzw. In ihe e�ent uf loss.Bonoa�er sh�ll gice pmmpt notice to the insurance carrier and Lertder. �r
<br /> , ;��.� ' Lcnder may m:ike proof of loss if not made promptty by Borro�ver. �-
<br /> _�,�,,,�� � Unless i.ender and&�rrowcr othenvise agree in writing,insurance protreds shall be applied to restoration or repair of*.Fe __
<br /> properey damaged.if the restorstion ur repair is economically feasible and Lender'a security is not lessened.If the restoratian or
<br /> . ' �• repair is not ecoaamicall; feasible or I.ender's security wauld be lesseneii,the insurance proceeds shall he applied to the sum:.
<br /> . • • secured by this Security Instrument, whether or not then due, with nn�• excess paid ta Borrower. If Borrower abandons tL•� �
<br /> . ' Property,or does not answer within 30 days a notice fmm I.ender that the insur.utce c:arrier ha.offered ta settte a claim, thsn �
<br /> '• , ' "�j. L.ender may rnllect the insurance procceds. I.ender may use the pmceeds ta repair or restore the Property or to pay sums �
<br /> f• secured by this Security Inswment,whether or not then due.The 30-day period will begin when the notice is given. �
<br /> . "• Unless Lender and �orro:ver ot6erwise agree in writing, any application of proceeds to principal shall not extend a�
<br /> . . �< postpone the due date of the monthly paymenu referred to in paraaraphs 1 and 2 or change the amou^_*_:v:°��,ayments. If C� :
<br /> � under paragraph 21 the Property is acquired by Lender,Barrower s right to any insarance policies an-y�����:�s�nitir►e°fro� � -
<br /> � {" damage to the Property prior to the acquisition shall pass to l.ender to the extent o f t he sums secu r e d bp �:c 4.:.:;�z::r l n s t r u m a^t ,
<br /> � �`. immediately prior to the acquisition. �g
<br /> � � 6.Ocrnpartcy,Preservat[on,blaintenance and}PretectFon of tCte PcopPrty,Borro�ver's Lonn Appli�:-r�r�:;T�eastha'-�. -
<br /> � � �� Borrowez shall occupy,estab]ish,and use the Property as Borrower s prirtcipal residence within sixty days after::,.e execution of
<br /> • 3' � this Security Instrument and shall continue to occupy the t'roperty as Barrower's prinripal residence for at least one year after -
<br /> • � the date of occupancy,unless i.ender otherwise agrees in writing,which consent sha(1 not be onreasonably withheld,or unless
<br /> extenuating circumstances exist which are beyond Borrower's cantrol. Borrower shall not destroy, damage �r impair the
<br /> - , - - Prop^rrty, afluw the Properry to deteriorate, or commit waste an the Property. Borrower shall be in default Ef 2ny forfeiture
<br /> t
<br /> � action or proceeding.whether civil or criminal,is begun that in Leader's good faith judgmsnt could result in farfeiture of the
<br /> � .. . � � s- Property or otherwise materially impair the Iien created by this Security Instrument or Lender's sercr.w interest.Borrower m.np _
<br /> ;�,��.,t:., c:=e such a default and reimt2te.as provided in paragraph 18,by causing the action or proceeding C:��r dismissed with a n.I;:r��:
<br /> _����j�; ;� , : ��s:, in Lender's good fz�:_s�::termination, precludes E:�feiture of che Borruwer s interest in the F:roperty ci v:�:.r n'u1-�''-:. -
<br /> -��ai`�'' • =�;.airment of t^e lien rr.°.::a�by this Security Instru:.*.1�:or L.ender s security intetest. Borrower shail also '��::det'au:t:i
<br /> -._i vr{+t�i,�x.;., � .� �.
<br /> .•�;�- -. Borrower,�:-..��;'-e loan a�paration process,gave ma:.��:�ly false or inaccurate information or statemenu to l.e�.der(or fai.'r;?
<br /> ".>>.�:c.,,�,�, to provide I.e�:c�•�•:th as►y material informarion)in conr.�tion wich�-��toan evidenced by ihe Nc.�,including,but not lim.i;�±:
<br /> —��`'�t�' r.�a,representa��+�s concerning Borrow•er's occupancy of c",:Property as a principal residence.If this Security Instrument is oa�
<br /> . - '�`���4`' l��s�hold, Borrower shall al�ply with all the provi�•:r,.: of the lease. If Borrower acquires fex ptle to the Property, tl:e
<br /> -�`�u;��`i:, leasehold and the fee title sha►i not merge unless Lender.,�,rxs to the merger in writing.
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<br /> -�'._�:*:`;' 7.Protec4ion of I.ender's Rights in th�Pnoperty.a Borro�ver fai{s to perform the covenants and agrePments contained in
<br /> �- `"�:r s;;�: this Security Instrument, or th�re is a Iegal �-oceeding that may significantly affect Lender's righu in the Property (such as a
<br /> ��.-�..:- � �-oceeding in bankruptcy. probate, far conL-:-�nation or forfeitnro or to enforce laws or regulai.�a��'�- then I.ender may do arjd
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<br /> - -- n�, for�vt±uever is necessary to protect the value o:ii;�: Property and Lender's rig.�u in the Prc��:ty. Len��:'�s actions may
<br /> -."�'`°`-a`-•'��� i::��:a1e paying any sums secured by a lien which '-.�� priority over this Secu�:z± Instrument, appearing ,i� �.c.�.ut, paying
<br /> - ct�a;a:able attorneys'fees and entering on the Property:^make repairs•Although Iinnder may take action unu�iis.s�paragraph
<br /> __�;�� 7,Len.',a-��es.r.ot have to do so. ,
<br /> _.--_ = A�y �yznu disbursed by Lender cader this paragraph 7 SIL�E berome additional de�c�af Borrower secured by dri�;
<br /> - = _� 5�..rity Insttument. Untess Borrower and Lender a�:'�other terms af payment.these amounts shall bear interest from�s
<br /> ---z�'-� •�;ts of disbursement at the Note rate and shali be �::_j��le. with incerest. upon notice kom I.ender to Borrower requestin�
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<br /> ��=�; 8.Mest;�,�;;e Insurance.(f Lender reG7��eed mortgage insurunce�.c a condition of making tl�a..:sn serured by this Security
<br /> --==''j�"`�"� _�s'^�-~�rr. I�;rrower shall pay the premr.r�am� required to maintain the mortgage insumnce in��"=c.`t. if, for any reasnn.tiio
<br /> ,f�,�,�p_;.�,� ;�;i-;�_�:rL�_�nce coverage required by Lendar laps�or ce�QS to be in effect.Borrower shall pay the premiums requir�d to
<br /> ____ --,:,. �;r;�-_;o.•u W_e substantiall�equivalent to the mong�n:insuranQe previovsly in effect.at a oost substantiall,� c:r,'iivalent ta the
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<br /> --�. .-�„ __�t co Es��-��rr of the mortgage insurance previously in effect, from an alternate mortgage insurer app:o��c�:.'�f Ler'aer• If
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<br /> -_,�;�;,,, snbstar.tie.i�l �ar,.:ivalent mortgage insurance wverage is not avuila6l�,Bono�ver shall pay to Lender each me;�1;�t_r eqval��
<br /> ° �" � '�• one-twelfth ur the yearly mortgage insuraircr_premium being paid by Borrawer when thc insurnrt.oe coverage la�.s�ar ecz�ai ta
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<br /> r�������p`� '-�:�n effect.l.ender�vill accept,use and r�tain these paymenu as a Iazs r�erve in lieu of mc��;�„e insumr_ce. L.oss rc;_r.sve
<br /> --`�_'-�-�'[r�s•' C�rn 3�28 919D
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