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<br /> S. Hwrd oe plropp4y Iu�uru�oe. Borrower�il Icee,p tba improvoments now eslula� or heer�thr e�ected on tlw
<br /> Property i�uurad �dnct low by tiro, h�zwrda included wl�hin the term "eatanded a►venge" u�d�ny other hw�, including
<br /> floods or tlooding. Por which l.cnder roquirrs inwranca.Thi`inaur�nce ehall be mnintainod in the wnoum�wtd for the perlad�
<br /> �het Lender roquirc�.Thc inaurmce carrier providing ttta inwrAnce ah�ll be chaen by B�rrower Rubjoct to Lendar'� approvd
<br /> which sh�ll not be unrraconAbly withhcld. [f Borrower f�ila to mAint�n caver�e descdbed above. Lemler m�y. u Lade�'s
<br /> option.obtain coverAge to protect Lender's dghts in �tie Praperty ip accordancx wi�h poragraph 7.
<br /> All insuranca polieies and rcnawals shull be�IB w Lender w�d shall include a standard mortgago elauce. Lender
<br /> �}°'��: shall have the dght w hold ihe policiea and rcnewale.lf L.ender requires.Borrower shall promptiy Qive to Lcndcr ell r�ipta of
<br /> �:- paid prcmium�and renewal nntices. In the evem of I�sR..�c►ttawe�ahall �ive prompt notia to the insurpncx cartier md Lender.
<br /> Lende�may mafce proaf of loas 1f not made pmmplly by,��armw�c.
<br /> Unless l..ender nnd Borrowor otherwise ag�o in,w�iting,.insMrnnoe proceed�ehall be appNed to restoratfon or npssir of tlus
<br /> '��`'` Property damaged,iP the rcstoratlon or�n ls�eeonpmio�llp fauthl�aqd Lender's socudty is not lessencd.lf tho restoration ar
<br /> ;��i,�;;,;;�:� repair is not economically feasible or l.endor's cacurily vv�uld 1k l�ssened,che insurance proceeds ahall bc applled w the sums
<br /> � '+'` "`t' secured by �his Secutity Insqument� whether or nAt�tht+n dua,with.any excess paid to Borrower. If Aorrowor abAndong the
<br /> �.� Property,or daes not nnswer withM 30 dpys a nadt�v fmm l.endc+t that the insunnce carrfer has of'fered to seqle st claim,then
<br /> . : y a. Lender may collect the insurance praceeds. Lendor may uce the�pmceeds to rcpair or restore the Property or to pay sutna
<br /> ° ��'�:F�;� recurcd by this Security Instrument. whether or.nat then dua.The 30-day periad wiU begln when 1hc notice Is given.
<br /> �.,�`''�•Pa=. ,-�'� Unless I.endcr and Borrower otherwisa egrag in wrfting, any applicatfon of proceeds to principal shall �at extend or
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<br />�,�. .•; ;� .��.f��,�._ . postpone the due date of�he monthly payment� rafam4d to in puragraphs t and 2 or change the amount af the paymente. If
<br /> �:..• ' '�.� �.. `, under h 21 the Pro �t is a K ' 8 Y� P� P �
<br /> r .,P, ti��:',.,,,, .�• paragrnp pe y cquirod b Lendor, Borrowcr s ri ht to an m.SUrance licics and raceeds resultin from
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<br />� ;.,;,��,; •�:.. .- damage to the Propeny prior ta the acquis�tinn,shalh pRS.�ta l.endar to the extent of the sums secured by this Secudty Instrument
<br /> s�' . �'`.�� . imn�ediately prlor to the acquisition.
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<br /> � . ;Y��,.�,�y;�;,, �. pancy,Preservqtion�MAintapanae And•Protecdan oi t4e Property;Boerower's Loan Applicatbn;I.eASeholde.
<br /> �- �, ,;�.,,, r��:��, Borrower shall occupy.estabUsh,and use tho Aroperty us Borrower's pritkipn!reaidence within sixty days after the eaecution of .
<br /> ' ' •;��:�,;��%1,� •..." this Security Instrument and shall�cantinue w occupy th e Propemr as Burrower's�rincipal residence for at least one year after `�'+
<br /> `"����r���� • ° the date of occupancy. unless Lender othenvjse aaraes in,�uvreting. which consent shalt not be unreasonably withheld, or unless
<br /> �`�� •� ,,:.,;, extenuatins ciraumstences exist which ar+a beyond Borrnw�r's control. Horrower shall not destroy. damaga or impair the r',`'
<br /> � ° " Pmperty, allnw the Property to dctedorata, or commit wasta an the Propeny.Borrower shall be in default if any forFeiture , .
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<br /> t� 4� . � actfan,or praceeding,whethe�civfl or criminAl, is begun that in•L.ender's goud faith judgment cauld result in forfeilure of the ::,,
<br /> , . � Property or otherwise mate�ially impai�the Ifen c�tad b��thia Security Instrument or Lend�r's security Interest.Borrawer may ��.
<br /> • . • curc such a default and reinstata,as provided in pamgmph �$.,bu ckusing the action or�rocee�ing to be dismissed with a ruling
<br /> � thnt, in I.ender's 600d.faith detarmination, precludes fnrfaituro vf ti�c 8onower's interest in the Piroperty or othar material
<br /> ,—=— - irnpairmcs�i of ttsa licn crcatcd by ihis Scxursiy Intisumstst ar.Lrnd�r"s �;.:urity intcresi. Barrawcr shaii a1r.o be in defaali ii'
<br /> � ' . • • Borrower,during the loan application process,gava mrtarially fult+e or iourcurata informAtion or s�atements to l.ender(or failed
<br /> � � to provide Lendcr with any mWterial informAtianl in cronnacti�n witll�lhe loAn evidenced by the Note, including,but no[limited
<br /> ����j�'. � to, re rcsentations concernin Barrower's oocn anc of the Pro rty as a nnei al residence. If this Securn [nslrurnent is on e ;?,.
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<br /> . . .` ��' .�, ��",'. leasehold, Borrower shall camply with All thc provisions of th� las�. If Bortowcr acquires iee tide to the Propeny, ti►e
<br /> � - " � le�sehold and the fce title shall not mergo unluFS l..ender wgtees to tho m�rg�r in writing.
<br /> �."•� � 7.Protoctbn ot I.e�der's Ri�hte in tho Property. lf&+rn�wer fuilt,to perfarm�he covenants and agreememe contained in
<br /> ' ' this Secu�ity Instrument, or there is u IegAI pmceeding thAt may aigniflcandy uffect Lender's rights in the Property(such as a �
<br /> .�'�y � ;�•,,�,. .', , � proceeding in bankruptcy,probute, for condemnation or fu�fcitune or tn enforce laws or regulutions), then l.ender mny do und � :,
<br /> �rt , pay for whatever is necessary to protect the valuo of tha Propeny untl l.ender'�rights in the Propany. Lender's actions may ';�i
<br /> '`i'; �� � • � include payin@ any sums secured by A lien whfch hw priority ovcr dilr Se�vrity Ins�rument, appcuring in court. ps+ying t�`���
<br /> ' ' ' " ' reasonable auomeys'fees und en�oring on4he Property�o nwl:e n:pkin+. AIUmuBh Lerxler muy takc action under thie pntc�graph , ���
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<br /> ' 7,l.ender daes noi huve to do so. f
<br /> i .� ' '. ' ' . Any amaun�s disbur� by Lender under thlr: pura�raph 7 sh�ll� herume�ddili��nul debt af Burrowcr secured by this .
<br /> ,. �`�' �1 • Security Instrvment. Unless Borrowcr and Lender agrce t��u[her tcmu of pKyment. theae umoun�s,hull bcar imerest from the
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<br /> . clats of dis5ur�er.►ent at he N te rnte and h�ll be payablc. �vith sntcn.•st, npan notirc from l.ender to Borrower requesting
<br /> paYment
<br /> • ` S.Mo�age InsurAnee. If I.enJer reyuircJ martgage in�umnce u+a condit�an of muking the Inun xcumd by thfs Security �,.. .
<br /> . ; • � , Instrument. Borrower shull pay Ihe prcmiumx reyuin.d t�� muinluin�the morigage inwrance in effect. If, for any reuwn, the
<br /> • mortgage insurance coveruge reyuined by Lender lupsrc or ceasc� ta he in effer�,Bc�rro��er�hull pay the prcmiums required to �
<br /> '�•j� ' � obtaln coverage subs�antially equivalent to thr m�ingago insurunct pruri„u,;y in c(fect, ut •r a�st tiub,luntiully cyuivaleni to the
<br /> ? ��� • • � cast to Borrower of�he mortgage in�uruncr proviou�ly in cfl'wt, fmm an:�ftcrnate nxirtgugc insurcr uppro��ed by l.ender. If
<br /> . �'�'� �;� • subs[antially equivalent mongvge intiuruncc coveruge i+not u��ailubla. BuR���rer �hall pay to l.endrr euch nxmth u tium equal to ;�'
<br /> '� ����'•':'',:�.;% ane-twelP�h of the yearly mongage insurancr prcmiwn be+n�puid h�•Burn�H•er Wh�n thc in�ur�ncr roverage lap+��d��r reak'd ta • '
<br /> •� ,t. •.� �` . �• ", � be in effect. I.ender will accept,use nnd rrwin ahe..r payrnPnl�ur a lu�x rcKrve in 1 ieu ��f mortFage inr.urrn��c. lanx reserve ,
<br /> � � � . ��� Fam 3026 8180
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