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<br /> r � ce. Ni�rro<<!cr nhull kccp the imprqvvmantt, now existing or herenfter erected an the {�;,,.
<br /> S.Nw,ned oj• 1'rnperty In�uuttt --=--
<br /> � . , . Propeety ln4ureci nIIc�inS�lutiK hy fiec. In���:rd�+ �ucludc►! wUDin tlir, tc�•m "extanciad coverage" and any ather hvards, induding � �._,
<br /> •• ' � flaodA ur tluadina, for�vNich I.cnde�'1'l'1�11I1'l'h IIIhUt'lllll'C. 7'hin h��+urunce shc�lt bc in�intnined in tlie amounts and for the pedods
<br /> � � thut I.e�dcr rcyuires. Th�� inyurnnce rarric�r pnwi�Hu�t��►t ���tiunmrc xhi►11 br.chnren by Horrow•er subject to L,ender'a approval � �;
<br /> • which shall nm hc unrcasunubly wtthl►�Id• If Rurr��wcr Ii�i1N to ainintnin cot+crn�e described above, Lendcr may, at I..endcr's � �%,,;:
<br /> � � aption.obt3in ccivcrn�c to prutcct l.�ndcr'x ri�thtx in dic Y°ru��crty In ucccndnncc with paragraph 7. -=-
<br /> - '� All lntiurunce palistes and rencwnlx nhuU b�urccptub:c hti l.cndcr und Shi►II includc u standard mortgage clause. l.ender � �::..
<br /> � shuil have t�c rlght t��huW thc p��ltcics imd reitiewuly. 1P l.r.it�ler requires.Borcower sh�ll promptly�ive to Lcnder�11 receipts of
<br /> � paid prcmiums und renewul n��tices. In thc evcnt of ti�ss. Hurr�►vrer h{�uli givv pro►iipt noticc to thc insurance carricr and I.ender. � ��'_;�
<br /> ° �'� T..endc�mny makc praof of lass if nat ntado pmmptly by aorruwcr.
<br /> � �--�.. . Ufdcss l.ender�nd�arrowcr athcrwiec nBrco h��aritin�. insurnnce praceeds shall be applied to restoratian ar rep�ir of the Q_....
<br /> .,'�_�.�� propeny damagcd,if tha restarutton or rcpuir ix ccamm�ic�lly fcuwiblc und Lcnder's security is not lessened.If the restorntton or �
<br /> ti repalr ianot ecanomicntly feuaible or l.ender'x Fecvrtty�vuuld be Iessened,the insurance procecds Shall be applied ta the gums _
<br /> ' ? secured by thfa Securiry In9trument, whethcr ur not then duo. with any cxsess pnid to Honower. If Bonowcr ubandons the _ _
<br /> � � � Property,or does nat nnswer within 3U dnye n natice frum i.ender that thc insurarus carrier has affered ta sc:ttle a claim, then �__
<br /> .. ::};:: ': ; L.ender may callect the insurunec praceed4. L.ender mny uso tno procecde to repnir or re.vtare ehe Praperty or ta puy sums —
<br /> -��r.;;t;�l;'�?t:<���`�`, securedby this Sccurity Iastrument,whether ar not then duQ.Tho 30-duy perlod will begtn when the notice Is given. ---
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<br /> "��"'?�'`'���I�'�J'''"��' Unless Lender and Borrovior athenvise agree in writinn. any npplication of procecda to principal shull not exten or
<br /> :Y��;•:.,'.?!1:�3;4�-��•}���;�''t• —
<br /> '�`�'il�'�'t�'���� postpone the due date af the monthly payments referrcd to in pumgraphx 1 and 2 or change the amount of the payments. If _
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<br /> {"�,.�;��`��•,�``��;`:''� under p�ragroph 21 the Property ie ucquired by l.ender. 8arrwver s right ta any insurnnce policies and praceeds resulting from
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<br /> .,;.,;.�.�,!.rt,{.,_�;:.�_ dama�e to the Pro�►e:rty prior to the acquisitfon ahall puxs to l.ender to tho extent of the suma secured by this St:curity Inatrument
<br />-,+.�.;:•:��;��t�,"" " imme�ia�cl;prior to thc ucquisition. --
<br /> � .�a 51 i.•
<br />` :;;;��'�U,;:;,�r 6_pccuQancy,Preservatton,Mnintenactce and 1'ctitcclian at .he Prop•rt�• Borru ver's I.oan AppllcaEion;E�aseholds.
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<br /> ',"�,,�`•`���•.�.::t'. gormvnr sholl occupy,establigh,and nse the Property a9�ior�ower s principal resjdenco within sixty days after the execution of
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<br /> ��!�`ir;��j;'�'t': this S�cudty Insttumont und ahall continue to accupy tha Praperty as Boreower's princtpal residence far at least ane yc�r a r
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<br /> � . ,,��:,rr; the dau of occupancy.unless Lender otherwise nIIr�es in wrftinQ, �vhich consent shull not be unreasonably wlthheld.or un ess
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<br /> •, � sl,�«?� extenuding circumswnces exist which nre beyottd 8orrawcr's controL Honower ehall not dos¢roy, dwnage or �mpair e -
<br /> :.,.:•;.,:;��i��;t�� Property, a11ow thcs P�apertY to detedamta, or cammit wu.gtc an the Prape»y. Borrower shull be in default if any forfeitute �,,-
<br /> ti..� .;'� c�ctiors a Esr�Ung,whether clvii ar cdminal,iR beIIun thut in Lender's gaod faith Jud�ment cauld re.5ult in farfeiture of the �_,
<br /> _ , . �.�,. � , Property or otherwisa matedally impuir the licn creutcd by thia Sccurity Inatrument or Lender's secudry interest. Borrower may
<br /> �;,'.�'L' : ,+r'J-` cure cuch a defnult and reinstate,aa provided in parugraph 18,by cuuxing the action or proceeding to be diamissed wlth a ruling
<br /> �� ��F��t,�` '•.A� tha�; in t.�ndcr's uaod fuith determinatian, precludes forfeiture of tho Borrower's interest in the P�aperry or oth�r materiui
<br /> ;,`�`!� ����''r '•�`'� impairmcnt of the Iten creuted by thla Security Instrument or i.cndcr's�ecuriiy inioicst. Si,rrower s;af!a:��e in slssfsuls �� -
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<br />`;;�t•"�;,'+t;s,��';v� � Borcower. durin the loun npplicution process.IInvo materiully falAe or inarcurnte informntion or statemente eo Lcndar{or falted f5'
<br /> "r. „j•,,,,�e.r.:i'��t. � %�rir?.
<br /> �``=�' to provide Lender with any mater�nl informatton)in connectiqa with the loan evidenced by tho Note,including,but nat limited
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<br /> ''`•°'"�'.�'�,;�'f�1w1� s ,' to,reprcsentations concerning Borrower's occupancy of the Propor�y�.g u principul residence. If this Secur�ty Instrument Is on a
<br /> a:r;�5�;��h'ii`%r'�"; , ;:: t��gzab� gorcower shall comply with all the provisiona of the Iemse. If Borrower ucquires fee tltle to the Prop�y. �10
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<br /> -:�-':�`��>•°� leeschdd and the fee dda shull not merge untess l.ender ngrces W tho mcrger in writing.
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<br /> _�����:,���f.��r.E , 7.Paroteetton af bender s Ri�hts in the Praperiy.If Borruwer failR to rfarne tho rnvenants and agreemenes�contained in ,
<br /> _•�;��,;�;�tTMfl•!i. thie Secvrity Instiument. or there is u legn! proceeding thnt muy significantly offcct I.endcr's dghta ln the Prapers+j tsucfl as a ���
<br />-_�;:.r:,i,��`? proccedin�;in bankrnptcy.probute. for condemnation at forfeitare or to cnfarco luwe ar regulat►ons),then�.encler sqa�do nnd
<br /> ,;�.,<,,�r� , and I.endcr'x d htR in the Pro Lendea's acuons mny
<br /> -�� .ti,� pny forwhatever 1s neccssrsrry to protect the value of the Pcoperty 8 �m'•
<br />=�'°�'t''=+'-==�Y= incladc paying any sums secured by a lien which has prtority over thia Sccurlty Instrument. appearing 6n court. paying
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<br /> —_-_ -- reasomble attomeys'fees and entedng on thc Property to mulce repairw.Although Lendcr may take ection under this�aragraph �,.i'__
<br /> "�"`�`"'�` 7,i.�nder docs not have to do so. �'�"�`
<br /> _. - �_i= Any amounts d[sbumed by �.ender under this paragreph 7 shull bccame udditiunui debt of Bonowcr secured�by this _
<br /> -- -���� Securiry Insuvment.Unless Burrower and Lender ugree to other tenns of pnymcnt, thcso�unoan2s ehnll bcar interest from the
<br /> "'��-vVl� d u t e o t d i s b u��s e m e n t at the Note rate and ahull be payable, with interest. upan nudce from I.ender to Borrower rec�uestit� _
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<br /> ,r,,�,.;� ` � pnymcnt. '
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<br /> �,��;?•;�; ; 8,Mortguge Insut�tnce.If I.ender required mortgage insuranc�e ua u conditi�n af makinB the leare secured by�is Secur�ty �,
<br /> �;r"�';'� tnsrr�micnt�+rrower shalt pay the premiums required to mitintain tho murtQugo insurunce in�ffect. If. for any �eason,the
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<br /> -- mortgage insurance couerage required by[.ender tapses or ceitscs to bc tn effcct.8�aawcr ehNl pay the premiums m�uired to
<br /> L���L���-�=�, obtu3n covereIIe substantinlly cqutvulent to the mortgnae insuranc�e prevtou�ly in effcct, ut n cost �ubstantislly equivalent to the
<br /> -�'`-`<���s�`ct', �, cost to 8orrower of the mortgage insurnncc previously in effect;from an ulternate mortpugo innurer upproved by L.ender. lf �>�.<
<br /> -,:t���iV;�.`: :,3 , subs3antially equ[valent mortga$e insurance coverage es not uvailable. Borrawer siu►11 puy ta Lendet esch month a sum equal to -` _. ,"•.".`..��.
<br /> `'` ' one-twelffth af the yeluly mortgn�e insurance premium bejng paid by Bormwer wticn tho in!+uranco covcmIIe lapsed or ceased to ��.�:.'.
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<br /> '�'�I'`�'-" ' � be in effe�t,i.ender will accepc,use und retain these paymentR us u Ioss mserve in lieu uf mort�uge insurance. Loss resorv� :,;,
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