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<br /> . 990���z� �
<br /> ► � g� Hazsrd or prop¢rty Ipsw�tce. Borrower shall keep the improvementa now exisdng or hereafter erected on the C�-
<br /> • „ .,� , �Property insured against loss by flre,hazarda Wcluded withtn the ternt "extendeQ coverage" and any other hazards. including �
<br /> ., floads or floodia�.for which Lender requires iasurancc.Tb1R ineurance shall ise maintained in the amounts and for the perIoda �-
<br /> �a �hat Ixnder requirea.The insurauce carrier pmvidiug the inauraace shall be chosen by 8osower subject to Lender's approvel �_
<br /> ` ? whiah shell aot be w�reasonably withheld. If Borrower fails w maintain coverage described above. Lender may, at Lender's
<br /> �� ._ option,obtaln covernIIe to protect Lender's righta in the Progerty in accordancs with paragraph 7. �!`
<br /> � � �°4� pA insuraace pollcies and renewals shall be acceptable w Lender and shall tnclude a atandard moctgage cluuse. I.ender --
<br /> ° . shaU have the right to hold the policies and renewals.If Lender requlres.Bormwer shall promptly give to Lender atl receipta of __
<br /> Y� pa{d premiums and renewal notices.In the event of loss,Borrower shall givo pmmgt notice to the insurance carrier and Lender. _
<br /> _y�1� Lreader may make proof of losa if not made pmmptly by Borrower.
<br /> �,��. Ualess Lender and Borrower otherwise agrce in writtag.insurauce pmceods ehall be applied to restoration or repair of the _
<br /> . � Ptoperty daznaged,if the restoration or repair ia econornicalty feasible and Lender's security is not lessened.If the reswration or
<br /> �j rcpait Is not ecoaomically feasible or Lender's securlry would be lessened.the insurance praceeds shall be applied to the sums
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<br /> secured by this Security Iastn�ment, whether or not then due, wtth aay excess paid w Bormwer. if 8orrower abandans the
<br /> � Property,or does aot answer within 30 days a aotice from Lender tbat the insw�ance carrier has offered to settle a claim,then
<br /> . I.ender may collect the insurance pmceeds• I.ender may nse the procceds to repair or re9wre the Property or to pay sums
<br /> � ,� u secured by this Security Insuument,whether or not then due.The 30-day period wiU begia when the aodce is given.
<br /> Unlesa I eader aad Bornower othenvise agree in writing, any a�plication of pmceeds to principal shall not extend or
<br /> � postpone ihe due date of thc monthly paymenta rsfernd to in paragraphs 1 and 2 or chan�e the amount of the payments. If .
<br /> uader paragrap h 2 1 t he P mperey i s acq u i r e t l by L e a der.B o r r o w e r's r l g h t t o a n y i n s u r a u c e g o l i c i e s a n d p r o c e�d s r e s u l t i n g fr o m
<br /> A ' damage w the Property prior to the acqulsition shall pass w I.ender to the extent of the sums secured by ihis Securlry InsMtment
<br /> imraediately prIor W We acquisitton. -
<br /> ' •:;{�^:.r, . 6, Oceupancy. A�eaervatton, Maintenance end Pratectton ot the Property; Hoia�nwer's Loan Appllcationi
<br /> �-' I.easeholdg.Borrower ahaU occupy,establish,and use the Properry as Borrower's principal resideace witbin sixry days after the
<br /> :�;.r�•kd �
<br /> � executlon of thta Security Insavment and shalt contlaue to accupy the Property as Borrow+er s Principal neid�ce for at least one
<br />`.,� :. ;' , ear after the date of occu ualesa Lender otherwLse in wrItlag.which cons�at shall not be unreasonably withheld,
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<br /> or unless extenuadng cin�mstances exist which are beyoad Sorrower's control.Borrower shall not dr.stray,damage or impair
<br /> the Propeny,allow the Property to deterlorate,or commit waste on the Property. Borrower shall be in default If any forfeiture
<br />`�'-��' �"� ' action or proceeding,whether civil or criminal.is begun that in I.ender's good faith judgment could result in forfeitar+e of the
<br />�"�.�`.•�t'� . ,or�mat�lY�?ir rhe tien created by thia Securlty Iustniment or Lender's securlry iaterest.Borrower may ,
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<br /> ��"�� _: , c�u�e such a default aad reinstate,as pmvided in paragraph 18.bY causing th�acdon or proceeding to be clismissed with a nil9ng
<br /> =��� that, in I.ender's ood feith determiaatioa, pracludes forfeiture of the Borrower's interest ia the Property or other material
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<br /> n���;�; impairmeat of thc lien created by this Se�uriry Insaument or I.eader's seaurlty interest.Borrower sLal� also be ia default if
<br />'=���,. :7� infomiatton or statemeuts to Lsnder(os failed
<br /> z;;,�..5 . Borrower,during ttte loan application proceas,8ave mazerially false or;n�^�+*ArP
<br />:,:_.::�'�i,' to provide Lender vrith any material information)ln wnaecdon with the loaa evidencod by the Noty, i�ludlag,but nat lifnited
<br /> ""'�<;,,'�-� W. rePresentadons oonceming Borrower's occopaacy of the Pmperty as a prindpal residence.If this Securlty Insm�ment is on a
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<br />�-2t�;,;;as�y leasehold, Bomower shall comply with all the provisiona of the lease. If Borrower acquires fee dtle to the Property. the
<br />°'�:�«�'�;i�����i leasehold and the feE dtle shaU aot merge unless I.ender agrePS w the merger in wrtting.
<br /> '�'�"4"�"�� 7.Protectlon of I.ender's Rights in the Propexty.If Borrower fails to perfnrm the wvenaats and agrecmants contained in
<br /> -��� this Security Insuument.or there is a legal proceedtng that may sign�tTcanfly affect Leader's rights in the Progr•rty(such as a
<br /> �`°--� proceeding in banlccupuy.probate.for condemnation or forfeiture or to enforce laws or rEgulations).then Lender may do and
<br /> �,.�-� Pay for whatever ia nece.9sary w pmtax the value of the Property and Lender's rlghts ia the Pxoperty. Leader's aaions may
<br />�_— include Paying any sums secuced by a lien which ha. prlor�ty over thfs �ecurfty Instrumeat. aPP�B in court, Pal►Ing _
<br /> ___. - reasonable attoraeys'fe�and entering on the Property to make repairs.Alttiough I.eader may take acdoa under this paragraph
<br /> --�---� 7.Leader does not have to do so. '
<br /> -----_ - Any amounts disburaed by Lender under this paragraph 7 shaU become additional debt of Bomower secured by this
<br /> -__ —= Security Insuument. Umtess Bomower and LEnder agce w other terms of payment,these amounts sl�all bear intetest from the
<br /> M�� date of disbursement at ttee Note rate aad shall be payable, wlth interest, upon aoflce from Lsnder to Eonower requesHng
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<br /> �--T,--- P Y�n�°.c.�`:�::�:.�..If Leuder rcquired mortgag$insuraac��a coa�Itlen of�aki�g che IoQn secured bY this Seatrity t ,
<br /> - - = Insuun�ent, 3omower shall pa�the p:emiums iequirexi w rwaiutaia tbe aortgage Iasurancc ia effect.If.foz any reason, tLe .3 -
<br /> moisgage insurauce coverage re�uired by Lender lapses or ceases to be in eftecc, Borrower shall pay the premiums reqaired to ;•�
<br /> -- obtain coverage substaMlaUy equivaleat to the mort�age insurance previousiy in effect.at a oost substaatially equivalent w the �`
<br /> -K�-_.'��� oosc to Borrower of the mortgage iasuraace previously in effect. from aa altemate mort�age iasut+er approved by I.ender. If ,.
<br /> __ ___T,�_� subsfantially equivaleat moagage inaurance coverage Is not available.Borrower ahall pay to I�eader each month a sum equal to
<br /> �`����„ oae-twelRh of the yearly mortgage insurance premium being paid by Bornower.whea the�nsutauoe coverage la�sed or ceassd to
<br />:_:<�3��.�;';�;�� be in effea. I.endar will acoept,use and retain these paymems as a loss reserve In lieu of mortgage insurance. Loss res�rve
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