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<br /> q. �,08.530
<br /> S. H�snl oe liropwt� Inurance. Bonowa �11 keep the improvanrnt� no��J uin4 or het+e�Aer e�e�,�ted on the ,
<br /> Piop�aty inwred�dmt I�ss by Bro, hwrd� Included within the term 'extended coven�e'u�d any other hraa�. includin�
<br /> flaads or floodfn�.for which l,ender rvquiKC i�wurwxx.Thia insu�nce clwll be maintained in�ho amounts and far the period�
<br /> Uuit l.ender roquin�.The inwrnnae c�urfer providin�the inwuance shall bc choscn by Borrowcr subject w Lender's approvol
<br /> which�hall aot be unroaco��bly withheld.If Borrower failr to mainutin rnvcrage dcscribed ubovo. LoMer may, W L�ender's
<br /> option,obuin wvenQe toprotect Lender'�dQhw in�he Praperty in wxardanoe with pnrag�nph 7.
<br /> '= All insurunc�e policie+ end rcnewels Aheli be eoce�tehle to [.�nder and .rhall include a standerd mortgoge clause. Lender
<br /> �� 4hAll hwve the d�ht eo hald the poliafes pnd rcnewal�.IP I.ondcr requircs,Borrower shall promptiy givc to I.�nder ell roaiptc af
<br /> �7 pAid premiutns And rcnew�l na�lces.In the event of loss.Bonnwer W�ll Rive prompt nwloo to the incu�nce carrier and Lender.
<br /> l.ender moy mal�e proof ot loss if nat tnade promptly by Bomnwer.
<br /> UNess L,endo�md Hornowcr otherwisc ngroo in writing.insuronce pracood�ahali be appliad ta rcstoration or rcpair of�he
<br /> Property dwmagaf.if the rcstamtfan or r�epair is xanamically feasible and l,ender's securiry ia not lersened.if the restoration or
<br /> rcpair Is not economically feasible or Lender's secu�ity would be lessened, the insurence proaedr shall ba appiled to the sums
<br /> sa:ured by this Secudty Inshument. whether or nat thon duo, with any exass paid to Borrower. If Homawer absmdons the
<br /> Pmporty.or daes nat an�wer within 30 dayc a notice from I.ender lhat the insurance camer has off'ered to settle a claim, then
<br /> Lender mpy collect tbe in�umnce proc�aede. L,ender may use tha proceeds to repair or nestore �he Property or to pay suma
<br /> cxured by thia Secudty Instrumcnt.whethcr nr not then dua.The 30-day period wlll begin when the notice is given.
<br /> Unless L,ender and Borrower otherwise agree in wrlting. any applicpdon af proceeda to princlpal shell not extend or
<br /> postpone the due date of the monthly paymentc referrod to in paragraphs 1 and 2 or change the amount of the payments. If
<br /> ��..'F,-,` ` ����F. .� , I under par�aph 21 the Pmperty is acquirs:d by I.ender. Borrower's right to any insurancc policies and procxds resuiting from
<br /> damage to the Property prior to the acquisition shall puss to Le�der w the extent of the sums seiured by this Securlry Instrumer�t
<br /> . s ���`� � '` i m m e d i a t e l y p r i o r t a t h e a c y u i s i t i o n.
<br /> , .
<br /> �:.' • .. ,' • � , , 6.Oavp�acy,Preservs�don,DMintennnce and Procectton of the Property;Borrower's I.oAn Application;l.easeholds�.
<br /> � ,,:�:"*�:�H���r��;.'•. � Borrnwer shall occupy, es�oblish.end uae the Propeny as Borrower's principal residence within siary days aRer the exaution of
<br /> � ' ` '•'' this Socu�ity I�trument and shall continue to occupy Iha Aroperty as Borrawer's principal residence for at least one year after
<br /> �' �'- =�''-�'��''�`" `°"�'� tfi¢date af occupanry. unless l.ender otherwl.�,e agr�a in writing. which eonsent shaU not be unm�sonably withheld. or uniass
<br /> ���:�j�=�;'�'���w x�• B Yond Borrower's control. Borrower shell not destro . demege or i air the
<br /> ° �� eatenuatin circumstances eaist which are be y mp
<br /> - :' '' " i= Pro ellow the Pro to deterlorate,or commit waste on tha Pr rt Borrower shall be in dafault if an farfeiture
<br /> .y , ,.,,,..• '% '�.:>•;;; P�nY• P�Y � Y• Y
<br /> ''',�:�'' '� '-��� action or pmceoding,whether civfl or cr�rninal,is begun that in L.ende�s good faith judgment cauld result in forfeiture of the
<br /> � .�Pr, IS. '. . `r,�.�
<br /> "�:���r,•b-�•;�•:�:�°�' Ptoperty or otherwise materiall im ir the lien created b this Secur� Instrument or Lender's securft interest. Borrowcr ma
<br /> ,: . t,. ... r�'.;: Y pa Y �Y Y Y
<br /> " cure such s defauls sad reinssate.as prcvic3ed ia parsgraph !8.by causing the sction or proceeclfng to be dismissed wlth s culfng
<br /> • �� ��'"s tfwt. in I.ender's gaad faith detertnination,precludes fort'eiture of the 8orrowcr's i�tcrest in the Property or other material
<br /> ' , . � .,,
<br /> � ,:k'���°d�=• � •� � impairment uf ihe 8an created by this 5ecurity Instn�ment or I.ender's secu�ity interest. Borrower shall also be in default if
<br /> '� � ��','��t Horrower,du�ing tha loan application proces.c, gave materiwlly faise or inuccumte informa[ion or statements to L.ender(or fejled
<br /> � �"� � ��• '�' to provide L.ender with any motedal iniorrnetion)in connection with the loan evidenced by the NMe.includiog, but not limited
<br /> � �;•
<br /> '' i ����:�' � ' ta,representations cancerning Bc�rrower's oaupancy af the Property as u principal residence.If this Securlry Instrument is on a
<br /> � ' leasehold, Horrower shall com I with all the rovisions of the lease. If Borrower ac uires fee title to Ihe Pro the
<br /> " Y'; ' �`..� ' •:�'� . P Y P 9 PertY�
<br /> �. J ': le�sehold end the fee title shall not margc unless L.ender agrees to the mergcr in writinR.
<br /> ��, • � `�•��'•; 7.ProteMion ot I.ender's Wghta in tha Property.if eonower fails to perform the covenants and agreements contained in
<br /> , .�.�
<br /> "`�:' r�'' : . . •; tnis Securi�y Instrument.or there i�a legal proceeding thut nwy significantly a t'fect Lende r's rig h t s i n t he P r operty(s u c h a s a
<br /> � � ' ,., �:�;'�'��, proceading in bankiuptcy,probato, Por cor�demnation nr farfeitu�e or to enforce laws ar regulations), then Lendev may do and
<br /> " • .: ...�:,; pay ior wl�tever is n�essury ta protect tlie vAlue of the Pmperty nnd I.ender's righis in the Property. l.ender's actions may
<br /> �' - � " � ''' include paying uny sums secured by a lien which hac priority over this Security lnstrument, appearing in rnurt, paying
<br /> ''� ' � � ' � "' �" " ' reaso�wble nttomeys'fees end entering on the Property to make repairs. Althcwgh I.ender may take action under this paragraph
<br /> wb
<br /> ,�'�"j'` 7,I.ender dces not have ta do so.
<br /> � .. :t` .
<br /> i�}x• � - - ��'�'` �` � An amounts disbursed b [x�Kler wder thir� ura �u h 7 tihall become additional debt of Bcxrower secured b this
<br /> ti . , '•�''nj:-:;.:�; ,, . Y y P R P Y tt:��
<br /> " � .� ��',4:, • Secudry Inatrument. Unless Borrower and Lender agnee to other term,�f pnyment, these amnunts shall bear interest from the •�-
<br /> •• •� � date of diabur,rcment at the Note rate and sh�ll bo payable, with interest, u�o notice fr�m l.ender ta Bc�rrower reque.�ting
<br /> ' � -- _,,.. : PaYrmnt.
<br /> t�``� "=�;A. . � 8.Mortgage It�suraaee,if l.ender required monguge in,urunce as a conditinn cif making the loun �secured by this Secudty
<br /> ��`"� " :� .'�y.,•,"•. •. Instrument, Bomower shall pey the prcmiums required tn maints�in tha mnrtgnge imumnce in eifect. If, far uny reason, the
<br /> •� '{�f'�'��. • mortgage insurance rnveroge required by Lender lupscs or ceusex to be in effcet.&�rrower shal l pay the premiums required to
<br /> ' ' },��u�,
<br /> ��_;.:��" ., obtain ooverage substantielly equivalent ta�he mongage insurunre previously in effer�,at a cos[,ubstantiully equivalent to�he
<br /> �� ?��-��'i � � cost to Borrower of the mortgage insurance previously in eftect. frum an ulternate mnrtguge insurer approved by Lender. If '-
<br /> .�� �
<br /> '�r . � substantially equivalent mortgage insurance covcrase i�not uvailuble, Barn�wer shull puy a� I.ender each nwnth a sum equal to e•?�
<br /> �, ! ?. . '� one-iwelfth of the yearly mongage insurnnce premium being paid by&�rrower when tlx insurunce ruverage lapsed ur re:4+ed to
<br /> j. ; y , .
<br /> ; . be in eifect.Lxnder wilt accept, use und relain these payments a� u loxx reserve in lieu of morcgoge insurance. Lotit reserve
<br /> �.��*s�"� � ;�.� •, .. � . �..
<br /> rca Fam 3028 9190
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