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<br /> • •' � 'g. �rd or g't�opaFiy Bnsurusue. Bono�vcr nhu11 keep the improvon�enta now eaistinQ on c�rcaftcr cr�cted on the _�
<br /> Prop�rty insured agninac loss by ilre. harx�de Ineluded withln the term °�x�anaemn ntnined inAtho amount rand forethonperlods � �
<br /> • floads or floodia�II, for whlch Lender cequirES lnaumnco.This in�uranco shatl b
<br /> � thut Lendor reyutrea. Ths ineurnnc,�currier providing the Insurance shu�l be chosen by�rrowcr subJect to l.ender's nppmvnl
<br /> which
<br /> shnit not be unreasonnbiy wtthheW. [f Bunower fAils ta mnfntain covemgo describ.d ubove, l.ender may, nt l.ender's [.-��r
<br /> Y; aption,obtuln covernQe to pmtect L,ender's rigdte in tho Peopeny!n accordanco wlth puraBmPh�• . '
<br /> All insurnnce paHcies and renewnZa ahull be neceptable to Lender nnd ehNl include u stand�urd mortgAge duuse. Ler�der
<br /> sAnit have the right to hotd the poliates und renevrnls.lY Lcndes mqnircw. Borrower ahnil pmmptly glve to l�:nder�11 receipts of �y
<br /> �>•��"` pnid premiums ond renew�i aodces.In thc event of l�oss,Bortower shatl giv�prompt notico ro the insurunce caurtcr and Lendcr. ��
<br /> �� Leader aiay mt�lco proof of loss if not mnde pramptly by Bonower. �`j_
<br /> .;,�,,. Unless�.eader nad Borco�ver aWenvisa agree in writin8• Insuruace Procecds$hull be applied to restorntion or repaSr of tho
<br /> • Property dnmaged, if the restorutlnn or cepair la ewnomtcuily feasible and LEnder's aecurlry is not lessened. If the restorntion or �'
<br /> :� repuir ia not economicnlly feastble or Leader's sece�rity would be lessened,the insurnnce pracecds skall be npplied to Wa sums �:-_.
<br /> p � secuced by thia Securiry lustrtument. whether or aot then due,with unY excess p�d to Borra�ver. If Bomower abundons the
<br /> ' '� Properry. or does e�ot answer within 3U Mya n notice from Lendor that the Iasurance cturIer ds�s offered to settl0e t�cluiA,th�ea�
<br /> `° Ixnder mqy coUect the insuraaoe ptoceEds• I.ender may use the proceEds to mpuir or restoie the Pml�rtY P Y
<br /> secured by this Secudry Instnu�aent�whether or nos then due.The 3Q�day per3od wlll begin when ttee a�uti�:e is given.
<br /> Uniess Lender und Borcower otherwise agr�e ia writiag,eny appli�tion of ptoceeds to pdacipal shnll not extend or
<br /> °�' �.�i� postpane the due date of the¢tanthly payments referred to in paragrnpl�s 1 nad 2 ar chuUge the a�uount of tAe puymenta. If
<br /> '���v�'r: ;s acquired by lxnder,Barr.ower's dght to aay insurunce policies und proceeda result[ng from
<br /> _::..a°r�•�y uasier paragruph 21 the PmIr��q' .
<br /> ° "��-`•��� dmm�ge to the Pre�erty prior ta the ricquisitioa shhuil p�to Lender to thc exteat of the swn9 secured by cbts 3ecuriry insuvment
<br /> ��� �'=�ti immedi�tely pr[or to the acquis[tion.
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<br /> � 6.OctupAncy,Preservutton,Mnlnte�sattce uad Pratectloa of the Propertyi�or�+ewer's Loun Applicnttoa;I,easehol .
<br /> - -��,it Boirower ehAll aocupy.escabliah,und use cQa Froperty ms&:r.rower's princlpul residence�vithin sinry days ufecr tha e�cecution of
<br />""'�i;� this Securicy Insuument aad ehall continue to occupy ttie lProperty�s Borrower's prlacipal r�sLdeace Yor at least one yeur uftcr
<br /> "'�' '--- t�e datc of occupancy,unless Lendar otheswise agrees in wric�ng. which consent shall not be uamu�onably wlthhold.or ualess
<br /> '��=u"'•°••�� excenuating circumstances eaiat which i►re beyond Borrower's cnatrol. Borrower ehall nat destroy. damago or impnir the
<br /> _:���_� P�+operty.allow ttte Property co detodorate, or commit wascc oa ttte Fc�perty Borrower shall be ia default if uny forfelture
<br /> --.-:_���� actioa or proceeding,whettier civil or criminnl.is beBun that la I�eader s good faiui judgment coutd result in forfeinuc of the
<br /> :� Propertg►or atheruvise materially imPair the lien created by this 5ecuriry Insuuznent or Lender's scxuriry iaterest.Borrower awy
<br />--"� cure such a�'efa�}lt and reinstate.os pmvtded in paragraph 18�by cuuaing the actioa or proceedin8 to be dismissed with a tuliag
<br /> -""�""-"�' tdat. ia l�a�:oYS gaod faiih dciciu,Lia�;u, '�cludes fsufel� �sf�he Borrower's iatetest in the �t�opw4y or oihor materFal
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<br /> -=- im�airiaent a�?f iE�11en created by thls S�ci��ty Insuume�►t or Lender's securicy fnierest. Borruwer shaU also be [u dafautt i
<br /> �Y� gonow$T,dnring�l►e loan application pmces�,gave mutertally false or innccurate inforn�atton or su�t�ments to I.ender(or failed
<br /> ''�'� t�.r.rovide Lender witb any°iateti�i inf°maati°°)in�°n°'e�tioa wIth the loan evidenced by tha Note.Including.but nut liruited �
<br /> ca,iepresentatlons eoacerning Borcower's occupastcy a£bhe�roperty as a Prineipal residenoe.If t6is Seearity Incurt�n►ant is�n a
<br /> - - tcasehoid, Borrower shall coanply with ull 'iUa �i+ovi�ians di the lease. If Bonower acqnires fea t�tla to the P++�PenY. �he -
<br /> ---- ieasehold aad the fea title shall aot msrIIe unlces Lender aBrees co thc m�r8�jA wciting.
<br /> 7.prn4ediva of I.ender's Rtg6te tn the Property.If Bormwer falls to perform the covcnantn suzd a�emen�te wntained iu
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<br /> � thia Security Iuauumcnt, or there is a legal proceeciinB that may significandy affect Lender's dghta in tke PropenY(suc as a
<br />-=- --- procxeding in banlauptcy.probau+.for condemnadon or farfetture or to enforae lowa�or mgul�tions). thea�dedes may��n�
<br /> pay for whatevet.is necessasY to protect the value of the'PanpertY und Leauer's r�ght��fn the PropenY• in court. P�Y� .
<br /> include paycn,� �sry sums sx� bY a uem whtch bas priodty over this Security Instrument, appearin8
<br /> reasonuble at�rncys' fees and entering on the�roperty m meic4 rePairs•Although Lender snay take actioa under this paraBraPk►
<br /> 7'�i,endar does aot have to do so.
<br /> ���;�� Any amounta dlsbursed by Lender u�dxr 4�s p.�r�graph 7 shull be�ome uddit9�es�amounts sbs►Il bear interest fmm We
<br /> _ ��tauity Instnuneat. Uale.sa Borrower and L,e�zBat agt+pe 40 other teraas of paytaent, m
<br /> . dute of disbursosneat nt thc Note rnte and ah�ll be payable.with interest, upon aotice firom lknder to Borcower requestin�;
<br /> - -- payment.
<br /> 8.Mo�o Iasuc�as►ce.It Lender requirett mortgnge Insuraace a9 a condition of matsing the toan secured by tf�is Securit+y �
<br /> Inatcuuiant. Bort+ower shall pnY tt►e pnasiums m.quired to m�►izswln the mortgage insuranoe in effect.If. for�ny reason. the
<br /> ---- - �ng-ge}s�cs.ase seve�ag���►bv L+eader lapses or c�ases to be in effect. Borrower shsillt pay the prem�uras rerluired to
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<br /> --- ---- obwin cov�rgs substcu►tiaily equivalent to the mort�a�a insurazica previuu�ly ia effcxc.:u a Lvst��st�t��sly r..suiesl�t to ._
<br /> °�:-.��+ wst to Box�it�'of the mortgaga iusurnnce previously ia effect:fuma►an s�lteraate mortgage t�naatt:r appmved hy Lead�r. 1.4'�.
<br /> _ substanttaily eqnivalent mortgage insurance cAVernga is not available.Borrower shnll puy to 1.end�r cach n►onth n sus°�q�1 tu
<br />- — - one-twelfth of the yeArly mort�age insurance premlum[�e1A8 Ps�d by Borrower when the insuranoe aovemge lapsad or ceused co
<br />_... _- --- �`m eH�.�ader wpl aocept.use and retain these ga,}�rcnta us u loss reserve in tieu o4 mort�e insuranoE. Loss reseive
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