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<br /> -- _ -- ---- - S. H�sed or Pe+ope�ty Inwrance. Aorrnwer slta!! lcetp tltc impro�ements s�ow exletln;o: hrreattcr trected on the -
<br /> Pmperty lnwrod»Qpirut las.t hy firc, h�zords includa! within the term "cxtendai cover�e'�nd rny other hvudr, incluclinQ
<br /> flonds or flaodfn�, for which l.crxkr requircs insurwnce. Thir InKUrwxc sh�ll he�rwfntri�xcl fn ttk�nxwnta ynJ fi��the�x�icdr
<br /> - -- ---- tlwt l.cixler rcyuirc►. Thc inAUrui�cc c�rcicr providin�the in�ur�nrr�Iwll tx chuscn My l��rruwrr+�uhJ�t �o I.cixlcr'.u�rovul
<br /> ,;;-' - which �Iwll twt tx unrwxxwbly withhcld. If&�rruwcr failx to �iwintuin covcruge JeKrihed wtx�vc. Li:txlcr�iwy, ut Lcixkr's
<br /> ,,.Y� opticx�.abtain cuvcr��c to protcct L.cnJcr'�.rlQhta in thc Pr.►perty in�cunl��xe with pvru�r�ph 7.
<br /> —..- .„�_,. - A!I in+u�e�K�r jwilicirr :nwl rrnrwalt •h�!! ht !t�tir�tahlc to !�ndcr aml•h*11 in�.'h�(�r n YIN�NIhry� ��noltvC�•Innrr 1 cn�irr _-_
<br /> , ` etwll have the right to hold thc pc+licies uxi rcnewal�. U l.c�xier rcyaircti,Borcc�wcr shuil promptly gfvo to I.enJcr all receipts of
<br /> �� pwid premiums and renew�l notices.In the vvent of lo�s.Barmwer xlwll�ive prompt noti�Y to tttie insutrnce currier�t�d Ixixler.
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<br /> ' l.ender may make proof of loss if not mrdc promptly by Barrower.
<br /> :����.�,�,;;,�;;, Unlezs l.cndu and 8orrower othuwise agree in wrlNng, insurw�re procoods shall bc r+pp�iod to restoration or rcpair of thc
<br /> _ iE �'� ' �f r• Property danuuged,if the rcstarution or repsair}s oconomically f¢ASible and Lcnder's securIty js nc�t IesscnExi.If the restoration or __-
<br /> ---���'' '''"' ' `'�.' repair is n�t e�conomically fea.cible or I.oncler's ceru�ity wadd fw lessened. the insurance prc�coods shall he applied to the�ums �
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<br /> _ �, � -�, �; securod by this Securiry Instcument. whethe�r or not then duo, with any exccss paid ta Barrowcr. If Borrowcr abundons thc ==
<br /> � �,;,�.�ez,Y;"•:;� Property, or does oat answer within�0 duys a natice from f�:ixier thut the iacurance carrier h�s offered to setde a claim,then --
<br /> �� � Lender may collect the insuranae procreds. Lender may use the procexds ro repair or �store the Property or to pay sums
<br /> __ �`�' .. .. • sccurod by this Security Instntment,whtther or not then duo.The 30�duy period will begin wFxn ttie natice is given. -
<br /> --- � Unless L.ender and Borrower otherwise ugtce in writiag, any application of prareods to prituipal shall not extend or �
<br /> `�� � � �� `� postpone the due date of the monthly payments refemed co in paragraphs I and 2 or chang�the anwunt of the payments. If ---
<br /> �,.`,.. '- urufer ra h 21 the Pro rt iti ac uiroJ b i.��xi r Burrower's ' ht to�� insunux-e Eicies wxl rixvcxls r��sultin fru�n =-
<br /> i. P�6 P Pe Y q y C , nB Y {w P 8
<br /> ; damage to the Propeny prior to the acquisitia�ctwll pass to Leoder to the extent of the sums secured by this Security Instrumeni ��'
<br /> ` immeciiately prio�to lhe acquisition. ����
<br /> , 6.Occupancy,Preservation.Mainterw�ce and Protoction of the Prape�ty;8orrower's i.oan Applicntion;I.easeholds. ��;
<br /> , Borrower shall occupy,establish,and use the Property as Borcower's principal residence within sixty dayc after the executian of
<br /> . , this Securiry Instcument nnd shall continue to occupy the PropeRy as&�rcawer's principal residence for at Ieast one year after ��`�'
<br /> ;`,,:,,�� • the date of occupuncy, unless Lendcr otherwise ugrces in writi�g.which consent shall not be unre�.cnnubly wlthheld,or unless ___
<br /> .� . . extenuating circumstances exist which are beyond Borrower's coneml. Rorrawcr shall not destroy, dartwgc or impair the
<br /> Propeny, allow thc Property to deteriorate,or commit waste on the Property. Borrower shall be in default if any forfciture -
<br /> � uction or praceeding.whether civil or criminal, is begun that in Lender's gax! faith judgment could result in forfeiture of the ��'
<br /> , � Property or otherwise materislly impair the lien creatod by this Security lnstrument or I.ender's security interest.Borrower may
<br />.. - =-_—.. :_-. . cuse such a default and rein;tatc.as prot�idcd in paragraph 13,by causing ihe aciion ar prcx:�.c-�ing to i3e dismissed witi�a ruiing
<br /> that, in l.ender's good faith detem�itta�ian, precludes forfeiture of the &�rrowcr's interest in the Property or other material ---
<br /> impairmcnt of the lien crcated by this Security lnstruraeni oe L.;nde�'s Security interest. Borrower sha11 also be in default if
<br />, Horrower,during the loan application process,gave m•rteriully fulse nr inuccurate infom�ation or statements to L.ender(or failed
<br /> ' to provide Lender with any materiul infarniatio�)in connection widi the loun evidenced hy the Note, including,but not limited ��-
<br /> to, representations concerning Borrower's cxcupancy of the Prnperty as a pritkipal residence. If this Security Instrument is on a �=''�"
<br /> Ieasehold. Borrawer shall cnmply with aU the provision+ of the Icatic. If Borrower arquires fee title to the Property, the =-__
<br /> Ieaeehold and thc fce tide shall not merge unless Lendrr agreeti to the nnrger in writing.
<br /> 7.Protection of I.ender's Ri�;hts in the I'roperty.If&�rmwer fails t��perform the covenantr and agreements contained in
<br /> .i this Securiry Instrument, or therc is a Iegal proceeding that may signiticantly affi�ct l.ender's rights in the Property (wch as a -'"-
<br /> � . proceeding in bankruptcy,probate, fnr condemnation iir firrfeiturc or tu enfi�rce lawc or regulations), then Ixnder muy do and �''''
<br /> a fo�whatever is nccesw to rotect thc value ot'thc Pro rt and Lcndcr's ri ht� in the Pro rt Lender'x actianc ma F'
<br /> Y , . P Y r5' P P� Y ' F P� Y• Y �..-_.
<br /> include paying any sums serured by •r lien which ha, prioriry ovcr this S�curity Instrument, appe:�ring in court, paying --
<br /> reasonablc attorncys'fces anci cntering on tha Property to make repair,. Although [.ender may tuke artion undcr this paragraph =--•
<br /> � 7,L,ender does not have tn do so. :T�-_:.
<br /> - Any amnunt� disbursed by I..encicr undcr this parugraph 7 shall becomc •rdditional debt of Borcower secu�ed by this � "�
<br /> . Security Instrument. Unless Barrrnver and Cxnder agne to uthcr term�of paynxnt, these anx,u�nc shall txar interc�t from the -=-
<br /> dAte of disbursement at the Note ratc and shali be payrblc, with interest, upon notice fr��m L.ender to Borrowcr rcqucsting � -
<br /> . paymcnt. -
<br /> =-°
<br /> �i , •� � 8.Mortgs�ge Insurance.If Lerxler rcyuircJ monguge in�urunce a�a cundition uf making the loan secumd by this Security �
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<br /> •• Instrument, Borrower shall pay the premiums reyuireci to muintain the nxmgagr insurance in effi�t. ff', for any re�son, the �•?'�,,
<br /> ' � " mortgage insurance caveruge required b�� [.ender I•rp�eti c�r reau. t�i he in effect. Borr��K•rr shall pay the premium�reyuired to =- `
<br /> �� �n�• • - . R Y 9 b'R P ' > Y 9 =_
<br /> . 4�,,;,. ,. obtain covera e substantiuU e uivulent to the mc�rt•r e in+urunrr r���i�wsl•in effrrt. •rt a co,t .uhtitantiall e uivalent to the '"
<br /> coxt to Borrower of the mortguge insuruncc pre��iously in rftixt, fn►m an altern;�te mortgage in.uter approved by Lender. If �,��
<br /> �� substantially equivalent martgage insurunce cnverage i.not u�•ailaMe, liorrowrr+hall pa�•tu Lenaicr each manth a sum equal tn �"':�;
<br /> ;�� , one-twelflh of the yearly mortgage insun+nce premium heing paid by&irrower when thc inwrancc coveruFe Inpx�ci or ceaseJ ta �;:_�:
<br /> • ' • be in effixt. Lender will accept,usc and retain thene pay�menth as a lohs re�:cn�c in licu of mortguge insunuicc. I.o.s rescrve �' �,
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