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<br /> � ro ert Inauranco. Horrptvnr ehoU keep the improve�ment�tiUw exiafirt�nr herentter erected c�n "
<br /> S.,f�a�a�dnr N p Y �• ••
<br /> � 'ehe Yruperty ineured against lasa by Pire,hor.arda tncluded aithtn the term extended covoraBe and Any nther harards, .,rK'
<br /> includin�flandn ur flaoding,for�vhtch I.ender requtrea Ineuranca. ThiR insuranca shull be mointnined in the amounts ;
<br /> ' end{ar the�seriads that I.endcsr requires. 'I'he insurnnce carrler providing the insumnce sholl be chosen by liorro�ver ;',..,,_
<br /> ' �� subJect m l.ender's epprovni whtch shall siot be unreasonably�vithheld.If Horrower fails to maintain caverage described �_
<br /> ' abave, l.ender msy,at L.ender's opti�n,obtain covere�e to protect Lender's righta in the Property in accordance with "�?�`;
<br /> parogreph 7. -
<br /> • Aii msucancu policies and renawnla gheU be acc�pu►b1e to Lender and ahall include a atandard mortgage cluuse. �.-.�
<br /> l.ender shall have the tight to hold tha policies and renewals. lf Lender requires. Borrawer aheil prnmptly �ivc tu �,_
<br /> " ;• L.ender all recelpta of paid premiums and renewal rtottces.In the event of loss,Borcower shall give prompt notice to the
<br /> ---� � insurence c+irrier und L.ender.I.endar may maka proof oi loss if not mada promptly by Borrower.
<br /> ":��"��' iJnless Lender and Bonower otherwisa agree in writing,insurance proceeds shall be applied ta cestoration or repair
<br /> = �"�" of the Property damaged,if the restoration or repair is economically feasible and I.ender's secutity is not lessened.If tho
<br /> � ` f reatoration or repair is not economically feasible or Lender's security would be lessened,the insurance proceeds shall be
<br /> applied w the aums secured by this Security Inatrument,whether or not then due,wIth any excess paid to Borrower. It ,_
<br /> � � ,`',�, Borrawer abandons the Property,or does not anawer aithin 30 days a notice irom Lender that the insurance carrier has _
<br /> o44ered to settle a olaim, then Lender m$y collect the inaurnnce proceeds.Lender may use tha proceeds to repair or
<br /> ' restore the PropErty or to pay sums secured by this Seaurity Instruanent,ahether or not then due.The 3Q-day pertod wi11
<br /> ��� bagin when thsnotice isgiven.
<br /> `�'� � Untess Lender and Borrower otherwisa egrea in�vriting,any appltcation of proceeds to principbl shall not ext�nd or _
<br /> _ ''"� �, postpov�e the due dute ai the mantlily payments ceterred to in paragrapha 1 snd 2 or chnnge tha amount a4 the paymenu+.
<br /> ' If underpa ragraph zl tha Propetty is acqutred by i,ender, aonower's ri�ht to any insurance policies and proceeds
<br /> resulting irom dama�e to the Property prior to the acquisition shaU pass to 1.ender to the extent oi the sums secured by
<br />-• ' �'� this Secudty Instrument i mmediately prior to the acqwettion.
<br /> - 6.Occupanc,y. I'raservntion. Mainteaan�e and Protection of the Property;Borrower's I.oan A�plicratimn; ��
<br /> V� L�E868bOId8.Bocrawet shall ocoupy,establish,und uae the Property as Borrower's principal reaidence with�n sisty dnys _
<br /> '��� ' " after the executian oi thia Securi4y lnetrument and ehall contInue to occupy the 1'raparty ae Borrower's prinaipal -_
<br /> � residence for at least one yea�'after tcha date of occupanay,unless Lender otherwisa agrees�n wrlting,which consent ahall ---
<br /> � `' �;.T;k�;s.
<br /> � not ba unre�asanably wlthhald.or unless extes�uating elrcumstences exi�a��ro 8�yor camm t wr'aste on the P arpe�^ty.
<br /> a h a 1 1 n o t de�tra y,dama ge or impair tha ProQarty.allow the Property --
<br /> Y.,, Borrower aha11 be In deianit if any fo r te iture aa t ton or p r o c e e d i n g,w h e t h e r c i v l l o r a r i m i n e l,i s b e�u n t h e t i n L.e nders �..,
<br /> " good faith�udgment co 1d result in iarf..iture nf the Property or otherwiso mnterially impatr the lien created by this
<br /> • Security Instrument ar�dsr's security�nteresi. Borrawer muy cura auch a deisult end reinstate, as provi¢�ecl in
<br /> ' ., � , ' gg �� ���g t�A aati�+n or praceedin� to be dismissed with a ruling that, tn Lender's goce�l ta:ith
<br /> �,:^�;;,::•�:.��';:,;,-- puiag:8�1'� � _
<br /> •�-� - :. -� �� determinetian,presludea forfeiture ot the Borrower's intereat in tha Property or oti►er materiaI impairrnc,�i u�t:�a,jan
<br />�'`' �°�` ` '• created by this Secur�ty Instrument or l.ender's securtty Interest.Borrower ahall also be in deYavlt if Borcower.du�ing
<br /> ���'�-�>1� � ve materiall false or �naccurate informatIon or statements to Lender (or 4eilod w
<br />_,;,-•,�;F,�b,�1 the loan application pracess, ga Y
<br /> -_, :.�.:,_,
<br /> _ ;;a� provido I.ender with any mutertal intormation) in conne�tion with the loan ovtdenced by the Note,including, ut not
<br />_�-c�+�re�;�� limited to. representatione concerning Borrower's or,cupnney of tha Property ea e prtnatpal msidence. It this Security
<br /> ti�;..T,,r:�� Instrument is on a lea�;ehold�Borrawer shall camply with alt the provtslona o!tha leasa.If Borcower acquices f�titld to
<br /> --`��•�° tha Praperty,the leasehold nnd tha fea title ehell not mergo unless I.ender agrees to tha merger in wciting.
<br /> �:°_�'� 7.Proteclion oi Londer's Ri�hte in tho Property.If Borrower fails to pertorm the covenonts and agream�nta
<br />_-;_. �„LL.,@� cunwined ia thia Security lnstrument,ar thora te n lagal proceeding that may etgniitcently a4foct Lender's rights in tha
<br /> .�:���,;..�� pro[�rty (nuch ae e pr o c c e din8 in ba n k ru pta y� probato� for condemnation or torteitute or to enforce lative or
<br /> r;�;%��� regulationR),then I.ondet mey do ond pay tar�vhatever is necessary to pmtect the vulua oi the Proporty and Lend�r's
<br /> �"-�_�; rightA in thv P�opvc2�.I.endar'a nationa may inelude paying any sums secured by o lien which hns pr�ority ovor thia
<br /> — ------- Security Instrument,appoarins in couK. paying reasonabla attorneys ices and entetin�on the Property to maka repatre.
<br /> --_~_,.=�� Although I.ender may take aotton under this paragcaph 7,Lender dues not hava to do so.
<br /> Any c+mounta disbursed by Lender under thie paragraph 7 shall becoma addittonat debt of Borrower secured by thia
<br /> v a — Security Instrument.Unless Bunrower and Landcsr agree to other tc.�rms of payment,these amounts shalt bear intesest
<br /> - -- from tha data oi diebursoment et the Note rate ar►d ahu11 ba payable�with interest,upon notice imm Lender to BnrroNer
<br /> -��..��. requ�ting payment.
<br /> - ,,,,,�,; 8,Mc�rtgage Insurance.It I.endor required moregage tnsurance es a cmnditton oi mn{cing the loan secured by this ��
<br />.._ --- Security Iastrument,Borrower shall pny the premiums required Lo maintain the mortgage insurartce in eileot.If.tor eny „�
<br /> -� - ceason,the mortgage tnsurance crosecage reQuired by Lender lanses or ceases to 1�e in effect.Barrocver ahall pny the �•
<br /> ________._ - pramtums regulterl ta obtain coveraga substantielly equivalc�nt to the mortgoga insurar�co prevtously in eftoct�ut a aost '
<br /> ..�,�.s-��, substantinily equivalent to the cost ta� Borrower ot the mort�ege inaunu►ce previously in eftoct,trom an al�arc►nte, �
<br /> "�-='�� mortgago inaurer npproved by Lender. It suhstanttally equ�valent mortgage insurance coveruge is not uvailuble. �:,
<br />===-°°""`'�"� Borrower sha11 pay to Lender each month a eum equal to ono-taelfth o4 tha yearly mortgage ineurance premium being .
<br /> "'"��-'�� patd by Borrower when:ha insurance coverege lapsod or ceased to ba tn etfeat.Lender will accept,use and retain thase
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<br />:.:::;�_;•;,4 pnyments as o lo� ceserve in lieu nf mortgnge insuronce. Loss reserve payments may no longer be rc�qutced.
<br /> -;'. . form 90 � .
<br />'�i-�..,;,� v.v�oe e IMtidr
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