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<br />— ------ - S. N�nO or Propa4y lp�u�nce. Barrower clwll kap the impmvemrnts now exitii�g on c�rrafler erocted on tho ---
<br /> P�npeny iowrod �Inc�loss by fi�, luuards includal wilhin the tertn 'e�tendod rnvern�e" and ony cNher huxaM�, includin�
<br /> 11c�ad�or floadin�.for which Lende�rcyulnes i�curaax.Thi�insurance Rhull be maimaiood in�ho umnunts and far tho pe�ioda
<br /> �ha�t.e�wic�raqui�. The inwronc�currkr pmviding tl�e insurrmce Ahall be ch�Ke�t by Nnmowc�aubjoct ta L.etwier's appmvAl
<br /> — - wi�ki'�,�iwll nat t,C uru�...hubty withheld. ff E3w�ow�r f�{in lu wuinluln cuvervge Jescribed�ix�va. Letaier may. w tasnder'a . °
<br /> � optbn.�►blain covera�e to prat�:et l.ender's righ�a ln the Pmpetty in accurclnni;e wlth parng�aph 7. --
<br /> AQ it�u�noe policir.�and rcnowals sJwll be aoceptable w l.ender and ehall include u �tandaM mcrngqge clausc. l.en�ter
<br /> �hall have�he�igh�to hald the pnlicies aM rcnewals.if I.ender roquirca.Harnnwer shall pmmp�ly gfve to l.ender all roocipts of
<br /> -__ — µ.«i�o�iiuuu end ic��-wul�n�tiu�.iu iiw even�ut'io�.,.Burnuwe�+�li�ivo prompt nutiue tu the inruaukx carner atrl Lender. �
<br /> -- -- Lendor may m�icc ptoof of loxs if not madc PnxnpdY by Borrower. _-
<br /> °:"'�`;- - Unless I,ender and Barrowe�When►�ise agnea in writing.insurance proceoda shall be opplied w nestoratian or repair M 1he -
<br /> -- PropeRy d�mwged.if the rrstoration o�repwi�is cmnamically feasibic and I.ender's sxurity is nat kssened.If the restorntian ar �'
<br /> __ rcp�ir ir not ecanomicAlly fi�sible or LeMer's secu�ily would be lesrened.the in�urance procoods shall be appliod to the suma i"'
<br /> �:-
<br /> �ocurod by thia Secu�ity Inurument, whcther or not then due, with uny ezcess paid to Borrower. [f Borrower abandotw thc �
<br /> - - Property. or doea not answer within 30 do�s u nuti��e froro lender�!►at die inxurance cArrier F�uf��eJ to settle s�cluim.U�n �"'
<br /> - -- Lender may colloct 1he i�cuatnce proc�eods. Lc�der may use�he prac�eeds w �epair or restae tAe Propeny or to pvy s�ums �:
<br /> �curod by this Secudty Irtsuument.whe�her ar not tFirn due.The 30-day period will begin when the�otice is given. —
<br /> -.s� �r�{ Unless L.ender nod Born�wer dherwise srgroe in writing. uny appli�tan oP procroeds w principal shall nat extend or r;�='
<br /> . ,:. ; postpone the due dpte af 1he monthlY p�Yments referred to in pvragmpUs I and 2 or change Ihe�ur�ount of[he payments. If ' `-`'°�
<br /> . under p�ragraph 21 Ihe Property is ac�quirod by L.ender. Barower s right to uny insurance pol+cees und proca:cls resulting from �-
<br />`__`,�..-
<br />.� � ` aaq p�ss to l.eaKler to the extent of the wmy s:ecwr�d by this Socurfty Inurument
<br /> v •? f ; damage to the Property prior to the aisition sha11
<br /> _
<br /> _"`E' 'r ' �'+ inunediately prior to the xquisition. �,_
<br /> - 6.Oocupwrcv.Pr+aervation�MstWmAnce nndl P�Medion at the ProPerty:Harrawer`s I.oaa Ap�Yiea►ian;I.e�seholds.
<br /> -- - �, �� � Horrower shall occupy.establish,and use Ihe Property as Bomower's principal residence within sixty dt�ys aRar the ezecution of �
<br />_ � .�"r • lhis Security Instrument and sball caNi�ue to omtpy 1he Property as Borrower's rinci �st:fiu�ence for at kast one eu after �-�
<br /> � � r��F,,�r w P P� Y _
<br /> .,- :, .rf,�' 1he date of occupancy. unles.c L.ender��therwise agrees in writing, which coasent shall not be unreasonably withheld. or unless -
<br /> . eztenuatin cinvmstanacs exist which sue he and Borrower's cantrol. Borrower shall not deslm Q`
<br /> 8 y y. dam�ge or impair the
<br /> _. �;j�, Prr�peny. allow the Properiy to deteriorate.or commit waste on the Property. Barrower shall be in defadl if any forfeiwre —'
<br /> - xtion or proceeding,whether civil or criminal. is begun thsit in L.ender's goad faith judgmern could result in forfeiwre of the -�F-'-
<br /> __ Prc�peny or otherwlsc materially impair the lien created by thia Security Instrument or Lender's aecurity incerest.Borrower may ���
<br /> � cu�e such u default and reinswte,as pmvided in paragraph 18,by cswsing 1he Action or pracceaii��to be dismissed with a ruling --
<br />_:�;,� ��'�'(��� �hat, in Lender's goad faith determinAaion. preclndes forfeitu�of the Borrower's interoa� in z7�e Property nr other materi�l
<br /> � .:ti� imp�im�ent of�he lien cmated by this Socu�ity InscrumeM or Lender's security interest. &�rrawer shall A1so be in defeult if r�.
<br />�.�' �•.' �';f§„ ` ' i 8orrower,du�ing the I�xu�application prarss,fiu��ana;eriully fulse or inaccurnte inforn�ation ur statements lo Lender 1or failed -=
<br /> ;,���, ��F �.j + ' �o provide I.ender with an�•material infomiationl im m�nenion wir'h the loan evidenced by iFae V��e, including, but rwt limited -
<br /> _ , ; „•� —.
<br /> »�.�;": :'.•t��i��.��'• to. representations rnnceming Bormwec's occupancy of the Propeqig�as a principal residence. It:tni+Security Instrument is on a �;`-=
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<br /> � ''� � '�'f;;�•`r"' leasehold. Borrower shall mm I with �II the rovisians of the lease. [f Borrower rtc uin� i'a tide to the "'
<br /> :. ., i� ..f P Y P q � Prupeny. the
<br />. ' - ka.�ehold�td the fa title:hall not mergr ur�less Lcnder agree.r ro the merger in�ti riting. �ry� �'�
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<br />--.�;,;�. �4,j,;t�'f � 7.Pnotectbn ot I.ew�ler s Wgbts in Ihe Praperty.lf&►rrower fails to perfurm the covenants urul agreement�cantuinai in -
<br />,_;,_s •„ ".., • �his Sacurity Instrument, or[here is n leg�l proc�eeding Ihat may significantly affcet Lender's a�thta in the Property lsuch as a ��>
<br />-- - � .�.;� �_,
<br />--�'<< • ;tiky+,'- proceedin�in banlauptcy.probate, far rondemnation ur forf'ei�ure or to enforce laws or rcgu0aei�,�ns►. thcm Lender may do and
<br /> � `5 '` for w}wt:ver is neces to roaect 1he vulue oi the Pro rt and l.ender's ri hts in thc�'r n l.ender's actions ma �
<br /> PaY �'9 P Pe Y � � Y• Y
<br />',�, , .a;;.�_',;. ��;,,, � include paying eny sum.g secured b} a lien which has priority aver �his Security Mstmment, appearing in rnurt, paying ---
<br /> `#`T','•0 4�:'�f Y ' reasonable attome s'fecs s��u1 enaerin on the Pn n•to make m �4 -,
<br /> F��!'. �'�'�' ��"` y g �pe y p n. Although l.ender may wke ac[ion under this para�raph
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<br /> .�p • + ;4� 7, Lender daes not hnve to do sb. '�`
<br />°��� • `' '' Any amounes disbur�ed by L�enc9er under this parugroph 7 shall hecome udditional at:.�ht of Bormwer securod by this "'-:"'
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<br /> °- , a ��+�;.! Security Instrument. Unless 8ortower and Lcnder agne to othcr tcrms uf payment, these ani�nu���ts shAll be�r interest from the �`
<br /> �i� ,' �! � date of disbursemem at the Note ra�e and shall he payuble. with inlerest, upnn rrotk�e irom Leeder to Bomower requesting � �•
<br />_- .; • t:�k� 4i?r PaYment. �'��-
<br />-"� ��, 8. Mortgage Insurnnce. If Lender rcyuired mongnge inwrunce a�a rnnJition of making Iho loan securod by this Security �ir.J�••
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<br />_ !�i� . �:� Instrument. Borrower slwll the remiums u�red to muintnin the mnrt a�e insurar..r in effect. If, for s�n reuson, the
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<br /> ±°- � .5;;�iy�;a��;.,:, mortgage�nsiuunce rnverage reyuired by I.ender lupses or cea�c�ta�t�r in effect. Borrow�cr st�aU pay the prcmiumc tz•yuirad to -
<br /> �,._����� `, � b� �� obtafn cu�verage substanti�lly equivalent to the moRgage in�urunn prcvicwsl�• in eff��cl,u�a ci�s►substnntially equivnlent to the �Y*
<br /> �'.°� ' ' cost to Borrower of the murtgage insurance prc�i��usly in effect, fmm un alaemate martgagr inourer a�ara�ed by L.ender. If ''�
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<br />_- �5; .t. , subsWntiall uivulent mort a e inswance covcra e ix mit uvuiluble.B�iROwer sfiu1� :
<br /> 4-.��,." � :�,: � Y�1 S 8 R pa� to�ender each month a sum equul to
<br /> ' �4�,�:�s-,��, •.��� ', one-twelfth ot the earl mort a�e insurarkc: remium tnin riJ b Bexrowcr whero the imurance coverr e la sed i�r ceaxd to
<br /> r. �:}., '• Y Y 8 b P F P' Y R P �;
<br /> •• '� ""�'f!''�r���rr��4��+'�' ' be in effect.Letder will accept,�se and telain these payments ns •r Icrs rer•erve in lieu of mortcage imurancc. t.��s rer•erve '
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