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<br /> • �S. l�a�d or Prop�..s4y Ias•�cs. Borrower shuU keep the improvements now ex(stiag or hemufter erected on the
<br /> - „ Property insured oguinst loss by fire,hnztirda iucluded withiu the terui "extended coverage'aud ttny other kazurds. iacludfng
<br /> 'a� floods or flooding.for which Lender requires Inaurauce.Thls iri4utlACtl ShAll bB malAtalued In the a�r►�mm �n�for the periods �;�
<br /> that Lender tequires.Tho insurance cnrrier pravIding the Insurpnce shall be chosen hy Borrower subJect to Leader's appmval
<br /> � " which shall not bc unm.msonabDy wIthheld. If Borrower faiis to mFilntain coverage descrlbed above,Lender cnay,at Lender's -
<br /> optloa. obtnin cov�rnge te protect Ixnder's�ighta in the Progerty in accordance with para�;raph 7. �
<br /> ° ,� Al!insuruuce poIlcies and renewstls shafl be acceptable to Lender ead shall iaclude a standard uaortgage clause. LEnder
<br /> -' sha11 have the dsht to hold the policles and renewals.If Lender requires.Borsower ahaU pmmptly�ive to Lender ali receipts of -
<br /> �'� paid premiutas And renewal notices.Ia tbe event of loss.Borrower ahal!give prompt nodce w the insurance carrler and L.ender. -
<br /> ',,�,,,.,=�t i.ender may make proof of losa if aot raade promptiy by Bornower.
<br /> � Unless Lendar and Borrower otherwIse agree�n wrIting,iasurance proceeds shall be applied to restoration or repair of the
<br /> � Peoperty damage�i.if the restoration or rep�iir�S economicaUy feasible and Leuder's security is not lessened. If the restoration or F-
<br /> ;� repair is not ecoaomically feasible or Lende.�'s security would lse lessenecl,the insuraace proceeds shall be applied to the sums =_
<br /> •� :r seaue�ed by this Security Insuument,whethdr or aot then due. witb any excess paid to Borrotver.If Borrower abandaas thc �
<br /> Q � Property,or does not answer within 30 days A aotiae fmm Lender th�t the insurance carrIer has ogfered ro settle a claim. then
<br /> [,ender may collect the insurance pmce�. Leade�ma,y use the proceeds ta repair or re.ston the Property or to pay sums
<br /> ., secured by this SecurIty Instrument,whether or not then due.The 30-day period wlll begin when the notice is given. —
<br /> ,� _: ,,� Unless Lender and Borrower ath�rwise agree in wrItin$. any appllcation of pmcxeds W principal shaU not extend or --
<br /> postpone¢Die due date of the monthlY P�ync�nts rcferred to ia paragcaphs 1 aad 2 ar change the amaixat af the p�rments.If under .
<br /> _ � h paragrapb.xl the Properry is acqulred by Lender, Borrower's right to aay insur:,nce poltcies �nd pm,eed. result'hg from -
<br /> � ' damage td the Prnperty prtor W the acquisitlon shall pass to Lender to the extent of the sums secured by this Security Insuument "`
<br /> h j,,. immediate3�t.prior to the acquisidon. F
<br /> •:,.`,.: '�'�' 6. tDe�aalwnc3',kreservation. Ma9nteuaace and Protection o3 the Prope�tyt Borrower's Loan A�pl[ca3tant I.easr.holds. _
<br /> Borrower shall occupy.establish,and use the Property as Bomower's princIpal residence wilhin aixty days aRer the execudan of ��;-
<br /> ~-''�'`•� this Security Insavraeat and shall continne to occupy the Pmperty as Bosower's prtncipal resideace for at least one year aRer __
<br /> the date of occupancy,unless Leader othecwIse agree.c in writing,which consent shall not be unreasonably w+Ithheld.or unless -
<br />_,,,�,,,. � extenuadag clrcumstances extst which are beyond Borcower's coatrol. Bonower shall not destroy, damege or unpaU tha =
<br /> u',;i,' Pmperty, aUow tbe Praperty co deter�orate. or comnnit waste pn the Pmperty. Borrower shall be!n default if aay forfeit�re
<br />=t-�;rY� action or pmceeding�whether civiI or crlminal.�S begun that i�►LRnder's good faith judgm�nt oould result in fiorfeiture of the
<br />�� p��Q=Q�.,���;'�m�;��P 1(r.�cm.n�eci fiy this Seautity lnstrument or Letidet'�security interest. Borrower may
<br /> __ ;:".;��.,�� cure such a default and reinstate,as provlded in paragraph 1�.by causing the acdon or proceediag to be dIsmissed with a ruling -.
<br /> ��_��;�� that, in I,ender's good faith determia�tion. precludes forfeiture of the Borrower's interest ia the Pcaperty or other materlal.
<br /> W�rr�.� impai:mznt of the liea created by u'�is Securlty Instcuumeat or Lender's security iatemst. BorrowerdaaU also be ia defhult if
<br /> ��``•�'�;=� � Borrov��ee,+during the loan applicadon pracess,gave materlaily false or inaccurate information�t atate�e�ts to I.ender(ar fafled
<br /> - `���<<�,� to provide I.ender with any materialluformatIon)in connecdon wIth the loan evtdenced by ihe Not�,iasluding.but noi limite�
<br />_`_,�:�,;�W�. to.represenzazions conceraing Boreower's occupancy of the Property as a principal residena.If this Secudty Iastmmeai is on a
<br /> .,;<.°_:�,^�� leasehold, 8ozrower shall comply wlth all the pmvEsions of the lease. If Borrower acqulres fea dde to the Property. the
<br /> �...:�� teasehold and the fee dtle shall not mcrge unIess Lender agrees to the merger in writing.
<br />----'��t"•=� 7.PCOtCCtIOD Ot I.CIIdCI''S Rit�E3�9 IA th£PI'OpC$y.If Borrower fails to perform the covenants and agreenaents contaiaed in
<br /> = _�• this Seau3ty Inatnunent.or there is a legal proc�eding that may significantly affect Lender's r1gb.YS1a the ProPertY(such as a
<br /> '-����� proer�din$in bankruptcy.probaoe,for condemnation or forfeiture or to enforcc laws or reguladons),then Lender may do and
<br /> pay for w�atever is necessary W protect the value of the Property and Leader's rIghts in the Pco�aty.Leuder's actions may .
<br /> _ -- include paying suy sums secures� by a lien which has priarlty over this Securlty Insaapnem. appeariag ia oourt, Paying
<br /> _ - ;��'' � reasonablc attomeys'fees and ente�+ng on the l�rope�ty►to make repairs.Although Lender may take action under this patagraph
<br /> �""=`'�'��Y 7.Lendei tioes not have�to do so. '
<br /> ---- Any amounts disbursed by Leader under this paragraph 7 shall become addidonal debt of Bonower secured by tWs ,
<br /> =- - : Secudty Insawnent. Unless Bonowcr aad Lender agree to other terms of payment. these auiouuts shall bear interest from tha
<br /> ---_-=— � date of disbursement at the Note nte and shall be payable. with intemst, upon notice fmm Lender to Borrower requesNng
<br /> "'�"�^_°��~°r � payment. �
<br /> = 8.Mortga�e lasurauce.If Lxnd�r required mortgage insurance as a oondidon o�'making the laan socured by this SeciMty
<br /> �---°� � � Insauanent. Bormwer shtili pay the pre.�iums requtred to maiataia the mortgage ins�rance ia effect. If. for any reason.the
<br /> --—°,= " mortgage Insurance coverage required by Lender lapses or aeases to 6a in effect.Borrowet shaU pay the premiwns nequlred to
<br /> --• - - obtaia covernge substandally equivalent to the mortgage lnsurance previously ia effect,at�cast substanttally equivalent w the —
<br /> �...�,�.�� cost to�flrruwer of the mortgage insurance previovsly ia effe�t. from an altemate mortga�q ins�mr aQproved by Lender.If
<br /> =-;;;;��;� �= substantlaily equivatent mortgage �nsuzance coverage is not available.Borrower shall pay to Lender ea�h month a sum equal to _.
<br /> '` �'`�'�- one-twelfth of ttee yearly mort e insurance remium bein aid by Borrower ahen the insutance wvera C 1 sed or oeased to
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<br /> -�:�`.�;:;�;� , be in eHect.Lendcr will.accept,use and retain these puyments as a loss reserve in tieu vf moctgage insurance. Loss resenrs --
<br /> ."`:.�:_,�;.-', Form30Z8 8190 =
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