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<br /> __�_. .._� 9�- 10'1885
<br /> -��'°"'��-'�"�"°'0� 8. HQ�rd or Property Insucancc. Borrower shull keep tho improvemcnts rtow exi�ting ar hereARcr crectcd on tho � �"�
<br /> - �-_�� - prnperty insureJ Againat toss by fire,huzurda included v�ithln the term"eatended coveruge"und uriy other hazards. including _.__
<br /> llonds or flaxiing.for which I..ender cequires insuranco. This insurunce Rhall bc mnintnined in tho amounts and far the pedade
<br /> . thnt Lendcr requires. Tha insurnnce currier praviding the insamnce shnll be chasen by 8nrmwer subjcct ta l.cnder's upprovnl
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<br /> wbich nhall not be unreusanably withheld. If 8orrowcr fuilF to mAintoin cavcruge describeil ubovc. I.ender may, ut Lender'x
<br /> ��9 '�? option,��binin covernge to protect i.ender's rights in the Property in accardunce with pnrugrnph . �" �-
<br /> � Ail insurance pollcies and renewals ehall be accepwble to Lender und shult irtclude u suu�dard m�rtgoge cluuse. Q.e�iJer `� - -_
<br /> �b shall have the�ight to hold the p�Hcies and renewala.If l.ender reguires,Borrower shail prompily glvo to Lender all receipta of
<br /> paid premlams and renewal nattces.In the event of lass,Borrower shull give prnmpt notice ta the insumnce carrter and Lender.
<br />— _, Lender may make praof of loss if not made promptly by Borrower. _
<br /> ' ' '' �, � " Ualess L.ender and Borrower atherwisB agree in writing.insurance proceeda shall be applied W restoration or repair of thc —
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<br /> . �,., .�, prope�ty dameged,if the restoratian or repair is economically feasible and I.ender's eecurity iu not lessened.If the restoratlon ot =. _ _
<br />' �`��^=r"`�� repair is not economically teasible or[.ender's securtty woutd be lessened.the insuranee praceeda shali be applied to the surns °—
<br /> '�"`°�'��� , secuced by this Securiry Instrument, whether or not then due, with any exa>ss paid to Bonower. If Borrower abandons the =____
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<br /> �','�, , ' ',�, Property.ar daes not answer within 3Q duys a nodce from L,ender that the insurance carr�er has offered to settle a cleim,then _
<br /> ns
<br /> / �".�= . .'��.f �� �'��• Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums _ --
<br /> 1/ � ;�'t,.,;_�. �• "7� secured by this Secucity Instrument,whether or not then due.The 30-day pestod wlll begin when the notice ia given. =__—_
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<br /> ;._.,��. • '� Unless L.ender and Borrower otherwis6 asree in w�iting, any applicatton of proceeds to pdncipal shall not eatend or �,�
<br /> � - postpone the due date of the monthly payments refem� to In paregraphs i and 2 or change the amaunt of the payments. If ��s�-� __
<br /> ;�. ^ under paragraph 2t the Property is acquired by L.ender.Bornower's dght to eny insurance pollcies and proceeds resulting ftom �� ti�,._
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<br /> damage to the Properry prior to the acquisition shatl pass to Lender to the extent of the sums secured by this 5ecurity Instrument -��-_� � --
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<br /> r immedic�tely prlor to the acquisition.
<br /> T' ° � 6.Occupancy,Preservation,Maintenance and Protection of the Propeaty;Borrower's Loan Applicatton;I.easeholds. ""•�;��-�
<br /> ' , Barrower shall occupy.establish.and use the Property us Borrower's principal residenx within sixty days after the executlon of ' ':;_
<br /> � this Secudry instrument and shall continue ta occupy the Property as Burrower's principal residence far at least one year after � .:�";.�+•�
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<br /> , the date of occupancp.unless i.ender otherwise agrees in writing. which consent chall not be unreasonably wlthheld.or unless �
<br /> ' extenuating circumstances exist which are beyand Borrower's control. Borrower shall not destroy. damage or impair the '�.�.�. �_
<br /> " property, allow thc Property to deteriorate, or comm�t waste on the Property. Borrowcr shall be in default if any forfeiture -__
<br /> ' � actton ar proceeding, whether civil or criminal, is begun that in L.ender's good faith judgment could result in forfeiture af the .;.:<•� ;.,� ,
<br /> —_ _ Pmperty ar otherwise materially impair the lien created by this Securlry Instrument or Lender's securlty interest. Borrower may Y ��� ,:
<br /> " cure such A default and reinstute,as provided in parn�rnQh 18,by causing the action or proceedin�to be dismissed wtth a ruting ��
<br /> ,� � that, in I.ender's good•faith determination, precludes forfeiture of the Bonower's interest in the Property or other material � �,
<br /> " • fmpairment of the lien created by this Security Instrument ar Lender's security interest. Borrower shall also be in default lf
<br /> Bonower,durins the loan application pmcess,�ave materially false or inaccua►te information or statements to I.ender(or failed , .-
<br /> • to provide I.ender with any materiul Information)in connectian with the loan evidencal by the Note, including. but not limited ,
<br />-. . --:-----�-- - -:� --. to,repre�entation���rPrninp Rnrrower's occupancy of the Property as a principal residence. If this Secur�ty Instrument is on a _
<br /> leasehold, Barrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Property, the ^ �
<br /> .. leasehold und the fee title sball nat merge unless i.ender agrces to the mer�cr in writin�.
<br /> � 7.Protection of I.ender's Rights in the Praperty.If Bormwer fails to perform the rnvenants and agreements contained in ';, •�`j'� �
<br /> this Securlty Instrument, or there is a legat procceding thut may significantly uffect Lender's rights in the Property tsuch as a � .
<br /> _ � proceeding in bnnkruptcy.probate, for condemnution or forfeiturc or ta enforce luws ur re�ulations),then Lender may do and ' '
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<br /> pay for whatever is necessary to protect the vulue af thc Property und Lender's rights in thc Properry. Lender's actions may :..�:-���_��
<br /> � . P Y B Y � Y P ) Y PP� s P Y 8 � 4`,: '���'
<br /> Mclude a in nn sums secured b a lien which hati riorit• over this Securit Instrument, a n in court. a in ,,..����
<br /> " reasonable attorneys' fees and entering on the Property to make repairs.Although lxnder may take action under this paragcaph %��p��` 'aR
<br /> � 7,Lender does not huve to da so. '"
<br /> � - Any utnounts disburscd by Lender under this parugraph 7 shall ixromr xJditiunul JcLt uf Borrower securcd by this • ,,�,y,::;-•• < =�-
<br /> � 5ecurity Instrument. Untes�Borrower und Lender ugree to other temis of paymcnt, the+e amounts shnll bear interest from the . _
<br /> date of disbursement at the Nate nste und +hall be payable, witl� intcrest, up�m notice from l.ender to Borcower requesting � , ,_y
<br /> puyment. ' �r°
<br /> � 8.Mortgty;r Insurance. if Lcnder reyuired mortgnge in,ururnc as a rnndition af making thc laan serural by this Securiry �'` . „ .�
<br /> � .. Instrument, Bonawer shaq pay tl�e premiums requircd t�+ maintuin the mnn€agc insurance in effert. [f, for any reason. the �
<br /> ' mortgage insurance coveruge reyuireJ by Lendrr I�p�eti or ceu�c� to be in effect. Borrawer shall pay the premiums required to
<br /> � obtain�rovcrsige substantially cyuivalent tn the mangagc insurunce previuusly in cffcct, ut u r�nt xubstantiully equivalent to the I " _
<br /> � I cost to Borrower of the rnortgage insurancc previou+ly in effect, frum un altcrnate mortgaEr insurcr Approved b�� Lender. 1f �
<br /> • � � substantially equivnlent mortgnge in.rurance coverage i.nat uvuiluble. Borrowcr shall pay ta L.ender each month a sum equal to �
<br /> `� I one-twelfth of the ycurly mortga�e insurnnrc premium being paid by BorcoN�cr whrn thc inwrance roveragc lapsed or ceased to ,
<br /> � be in effect. I..ender will accept,uu und retain the+e paymentti a. v lu,. rr.crvr in licu of m�irtgagc in+urancc. Lo�: reserve i
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