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<br /> 98-' �.o�a�c �
<br /> S. }Iiurd or Property Insunnce. Borrowu sAall keep ila Improvemenu now exlstlng o4 hacatler crcuul on the
<br /> Ptopeny insdrcd egalnst loss by flre, haznrds irtcluded wi�hin IAe temi'cxtendal avcrago'and any aher Aunrds, Includtng � -
<br /> Aoods or flooding,toe which Lendcr requirca fnsumr.ro.7UIs Insuranoe shall bo maintelncd in ihe nmaunu and for�Lo perlode
<br /> � thae l.ender requires. The Insuranw cardcr providing tho Insura�we shali bo chosen 6y Bnrro�vcr subJat�o Lender's epprov�l -
<br /> . which sha11 no1 bo un�usonsEiy w11h1K1d. I/Bortower fnib to maintaln mverago dexcdh�l ubove, LerAer may, et l.cirJer'e
<br /> option,oDtaln eoverego to proua IFnder's righu in tho Propehy In accordanco wiih paregraph 7.
<br /> All insurance pnliclu and re�xwals shall bc acceptuble to l.endu and shail In:ludo a stnndard niortgago clau•x. t.endcr
<br /> shall h�va tlw righ�to twid the poltclw md renc.wat�.It LenAer nx�nirea.Dorrowcr sAall promp�ly givo�o Lcndcr nll rcteipie of
<br /> - pa1A premiunss and rcnc�ti�t na�icea.In the evcnt of toss,Borroucr aull givc prompt noticc ro�he insuramc rnrdcr nnd i.e�cr. ---
<br /> I.cndu may makc proof of los�If not mvJc promp�ly by florca���r.
<br /> UMesf l.ender anA Borrox•er otAerwlso ugne In writing, inmronco praeeds shall bo opplicd ro ra�oration or repalr of�ho
<br /> Propcny damagM,If ihe rcatom�lon ur rcpalr Is cconomicnity feasibla end Lcndcr'e sccuri�y la noi Icssencd.If tlio rexmrailon or
<br /> rcpair I�rwt emnomicaily frmi6la or Lcndcr'e sccurl�y would bc Ics+ennl,ihe Insurancc procccd�nhnll bc npp11M tn�ho euma
<br /> sccurtd Ny thb SccuNry Insimnxm, w6cihrr nr nm �hon duc, wlth uny cxccxa paid �o l3ormwcr. If Borrowcr ub�idons �ho
<br /> -- Pmpcny,or daca no�nro�ecr�vUhin 30 Jaya a nallcc from I.cndsr�hat thc Insurmhr rnrricr twe nffcrcd io aculc a cialm.�hcn
<br /> Lcndcr nuy collcci iha insurancc pruceede. l,endcr may uso �hc yracced� ln npalr or nslnro iha Propctly or lo p.ry sunu
<br /> xcurcd by�Me.�'iccurity InsimnMm,whctlmr or not�hcn duc.71rc 3U�dny period will begin ehcn ihc nmice i�¢Ivcn.
<br /> . Units� l.cndtt nnd Ik�rm�vcr olhcrnlac ognr In wri�ing, uny nppllcmion of pmceed� to princiwl s6a11 no� oxtenA or
<br /> � posiponc the duo daro of�ho ma�lhly paynxnu rckrtM �n in paragmphe I end 2 nr chango Ihc umoum of tho paymen�s. It
<br /> � nnder puagruph 2f dic Propcny ie ocqulred by Lcndu, Dnrro�ecr's dght�o nny insumnc�pnlicla nnd pracoods runiting from
<br /> ---- Aamage to Iho Propeny pdor to qm ecquisiqon shall pass�o I.endcr�o tlie exrent of�ho snmv secund�y�hl�Secudty Inswment
<br />"_—��_. Immcdieiclyryrbrio�hoecquisidon. ` " —
<br /> 6�Occupancy,Preservatlon,�lalnJenance and Motallon of tl�e Propertyt Borrox�er's I,oan Applicalion�I.easehotdv.
<br /> ;�' Rormwer shall oeeupy,esm611sh,nnd use ihe Propeny ns 6nrro�ver's pdncipal residenee wi�hin siz�y days eRer�he exocmion of
<br /> �' ��'°=`_
<br /> '=5-"�+!+ lhis Secudty Instmment and shall contlnuo lo occupy�ho Pmpeny as Oorrower's pdncipal ruidenee for e�least one year after �
<br /> :._�•ik;:,�7 �ho daro of occupancy, unless Lender o�herwise ogrees In wd�ing,which rnnsent shall nol be unreasonably withheld, or unless ��.._..
<br />- �. 'i_+�i1 exlenua�ing circunutana� exts� which are be;•ond [lorro�vera control. I3orro���er shall not destroy, danwge or impair �he ��-_
<br /> ` ' ��� Pro n , allow tho Pro n lo detedorete, or rnmnd� wns�c on �hc Pro rt Dortowcr shall be in default if an farfeifum -_
<br /> P� Y P� Y P� Y• Y re��
<br /> ',s -4' actinn or proncding, whelher civil or cdminal,is begnn Ihat In Lender'e goad falih judgmem muld rewll in forfeiture of the � q���,
<br /> t ��� Pmy.ny or othenvlse ma�ednlly impnir the licn creatal by�his Securl�y Inslmmem or Lender's security Imercst. Rorrower may
<br /> � - -�. cnre mch e defeuh end relnstete,as provided fn pamgmph I8,by causing the nction or proceeding 10 be dismiued wi�h e ruling ���y;.:
<br /> �M1a4 in Lender's gaad.foflh dclemiina�lan, precludes forkiWrc of the �ortower's Imcrcs� in �ho Prapeny or olhcr material �,��� '`
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<br /> �4 S��tj,v-'; impairment af the lien�creaied by�his Security ins�mmem or Lender's securiry inicresi. IIurmrver ahail nisa he in defaufi ii ����,��y - '-°-�
<br /> IIorrowa,during�he loan opplfcn�lon proccss,gave nu�teriully fnlse or Inaccurn�e Inlamiallon ar ate�emenu w Lender(or faficd � -_
<br /> ;_' � m prnvide Lender afth nny nnterial InfomiatloN In connec�ion wi�h�he loan evidenced by the Note, including, but not limllod '�f1$j --
<br /> _ .�� �•-; ta reprrsenta�ionc mnceming Runower's occupancy of ihe Pmpeny as n principal rcsidence. If�his Securi�y Instrumem is on a ,#�'t� ---.<
<br />--��=�=r��?!'t• Ieamhold, 6otto�ear shall comply with nll �he provisions of�he leau. 1( 6orrower acquires fee Iitle lo �he Praperty, �he ��Ch'.���.'�:';t;��-.,_.
<br /> ,�; .���i leasehMA and the frt Uile shull not merge unless Lcnd.r agrc�s io�hc mcrger in writing. > _-'r`�,i_�,_
<br /> , � �,.,i, 7.IRolectlun ot Lender's Righla In qte Propertr.If ltnnmrer fails�o perfomi�h:cavenams nnd ogmementc comained in �,.*py�„ _...,;_:.
<br /> 1�i � �his Securil Instmmem, or ih.rc is n le al raceedin ih:n ma si nificaml offect Lrnd.r's d hts in ihe Pro n�(such w a v-"'. 1� �-
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<br /> "� ' �` proceeding In bankruptcy,prnRVC,for condemnaiion nr loririmrc ur m enforee la�vs or reguln�ions), �hen Isndtr may do end -�{�:y� r 1 � .�
<br /> s _ir�:_, x for wha�ever is necessa io micct the vnhic nf�he Pro n and Lender's ri hts in Ihe Pro rt . I.ender'x nciions n�a �:�;�1! � � -'
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<br /> _ � '�: include paying nny sunu securcd by a lien which hac prinriiy nrer �his Secnriiy Insvument, apr�:�ring in cnun, paying {„�)�r�,.' ; -
<br /> -- � r .` reasonable etromcys' fea and emrring on�hc Prnpenp�n nUkc rcpairs. AhhougB lander may iakc nc�inn undcr�his paregraph --t" * -
<br /> t- '� 7.Lender does no�have m do su. - �f�7� r .
<br /> -_�. Any amounts dixbur.secl by� LenAcr undrr �his par:iFnph 7 sh:Jl bemme adJi�ional dcbi o( Horm�cer saurcd by �his ����e��yY`� '� �
<br /> , „•r��� Securlly InsuumenL Unless I3orrno�er and LenJer:igree lo nther Iernu of paymen6 �hex amoums ahall 6enr imercsi from the ,��(�fr;._��!:,.,�.�
<br /> � -� -�' date o(disbur.umeN m ihe Nnte rale anJ shall I+e pay��hlr, wilh inleresl. upon nmice from Lender m 13orrow•er requesting '�: ', ^-�
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<br /> �, ` .-'. p�ymem. �+�t�; {u,-,
<br /> '1��' � 8.Morlgage h4cmnnee, il Lender reyuired nmrlFage in.urance:n a amJitinn of m.�king�he luan secured hy�his Sewrily �f��� r tr '---.
<br />_ '�r"!��: Ins�nnncnt, 6orrao'cr xhall pay �ht premiums reyuircd �n maimain �he mongage inwnmce in effce�. If, far un}� reason, �hc { '` ' �-
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<br /> mongagc insurancc mvenge reyuireJ by Lendcr lapsa ur ieaus m 6c in effrL �omnrcr shall pay �hc premiuma rcquircd lo ��, m ��.{
<br /> ' '�__:y oMnin coverage suMU�mially equivalem�o�he mnngage insurance prerinu.ly in effa�.ai a ai.t.ubst:nnially equicalem to�he .,.; �� :'-.
<br /> msl tn Dorrowcr of Ihe mnngage insurancc prc��iously in cf(ccl. (rnm an allcrnatc mongage insurcr approred hy Lender. If ��"�- - -
<br /> 4�'.`n,.::.`� xubslanlially equivalenl mongage inwrance cneerag.is r.ol acailable.Oorrowrr.hall p:ry ta I.ender r.ich monlh a sum equal �o
<br /> ' �t'.;L�:..-".:
<br /> one-nrelflh nf Ihe ytndy morigage inwrance premium h ing paiJ hy 13nrrouer�rhtn Ihe insurance�n��cragc lapsed or crastd Io �n,`-' �� �- ,.
<br /> :�; � be in effect.Lender�rill aceepL m�anJ rc¢�in�ha.papnrm.a� a In.. resen�e in lieu uf mongagr ntwr.mce. Lns� reurce '
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