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<br /> - '"`�``�'"�"`�� 3 ltazagd or Pt+u Insurance. Bnrrower shall kee the im rovemcnta naw existl� or hereufter erected an the T- - - --
<br /> ,,Nr,��r.w-���.�r • is`-rt3' P P 8
<br /> � ,,;:�,r,.,�.,,..,,w, Propeny Insurcd aguinst loss by f�re, hazards included within the terni "cxtendcd cavcrnge"nnd nny athcr hnxurds, including ��_�,•_,•.�.;:�--_
<br /> ^'� ��'�•� flooda or floalin ,far which Lender re uires insurance. This insurunce shnll bc mnfntuined in thc amounts and far the periade ---- -
<br /> '� �'�;: �'��:. g 9
<br /> ���, thut [.ender cequires. The insurnnce enrrier providing the insurunce Fhall be chasen by Borrotver subJect to Lertdee's nppravul --_
<br /> -''�i��'��,~'� which ahAll nat be unresisonably withheld. 1f Borrower fnils to maintain caverA�e described ubave, l.ender ms�y. at l.e�der'x --
<br /> - �� '��*�i►` option,obtaln coventge to protect I.ender's righta in the Pmperty in nccnrdi�nco with parogrnph 7. G`=__.� __ _.
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<br />— ,S. , . Atl insurance policies and renewula shnil be acceptable to Lender und shail fnclude a htundard mortgAge cluuse. l.cnder
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<br /> ,��' , ;�F,",: .: '� ahall hava the�ight ta hatd the poticies and renewuls. if I.ender rcquires.Bc,rrowcr shull pram�tly givc w Lendcr ufi�ucipt�oP �' -� --
<br /> '''� ��''f'��' pald prcmiums nnd renewal notic�s.In the event af toss,Barrower shull gtve pmmpt natice ta the incurnnca canler artd Lender.
<br /> � � , �w-''-�r_=-�----
<br /> - �� Lender may make proof of loss if not made promptly by Bonow..r �� ;.��_e�_
<br /> �� � Unless l,ender and Horrawer otherwiso a res in writin ,insurance racee�s shuU be a lied to restaruNon ar re uir af the ''''-=—=__=�-:
<br /> S � P AP A ::�±�,��--:.�-
<br /> • Property dumuged,if the restoration or repair is economicalip feaslble nnd Lender's security is not les�enai. If the re.ctoration or �:,�.''4;��:��;`�-_-
<br /> • � � �epair is�ot ecanomically feasible or L.ender's secudty would be lessened,the insucance proceeds ehull be applied ta the sums -'•�•'�+.�'?�.���
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<br /> . ', . serured by this Secudty Instrument, whether ar nat then due. with nny cxcess paiJ ta Borro�ver. If iiorrower abandons the ` .,�x,...;:T,„-�-:. -
<br /> " •• . Property.or does not answer within 30 days a notice from I.crtder that the lnaurance carrier has affered tu settle a ctctim.then ,� <,�.:��;:Y{:•'? '.��-
<br /> /� " I.ender may collect the insurance pr�aceeds. L.ender may use the proceeds to repair or resture the Property or to pay sums ';''"` � ��r;—
<br /> secured b this Secur�t Instrument,whether or not then due.The 30-da erfod will be in when the notiae is iven. •'; �"�.s.`� ,, '
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<br /> Y Y Y P 8 R � �wr:,�µ,�.:.-.-
<br /> �. Unless Lender and Borrower otherwise agree in wdting. any application af praceeda to pr�ncipal shall not extend or ::<n�,;;;-,_:
<br /> •� � � s ne d�c due date of the monthl a ments referred to in ara ra hs 1 and 2 or chan e the amount of the a ments. If �''i�,�--.
<br /> po� Y P Y P $ P 8 P Y '�,�„��_
<br /> � � under paragrnph 21 the Property is acquired by L.ender,Borrower's rtght to any{nsurance poltcies and proceeds resulting fram •����--
<br /> _ �-- �. .-�-��:.--�--- --- datna�e to the Property prior to the acqaisition shell pagc t�14nder t�th��xtent of thr.anms secureci by this Security Inatrmnent " " ` '�
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<br /> immediately prior to the acquisitian. � °`s---
<br /> • �� 6.Occupt�ncy,Preservation, Maintenance and Protection of the Pmperty; Aurrower's I.oan Application;Leaseholds. .'�'��;;.
<br /> � Borrower shall occu esteblish,and use the Pro n ac Borrower's dnci al residence wlthin six da s after the execution of ' `�'"�
<br /> PY• Pe Y p P �Y Y ��
<br /> � � this Secudty Instrument and shall continue to occupy the Property as Borrower's pr�ncipal residence for at least one year after ``�:�i�`F ._
<br /> � the date of accupancy,unless Lender otherwise agrees in wr�ting,which consent shall not be unreasonably withheld, or unless , `��•
<br /> � extenuating circumstances exist which are beyond Borrower's control. Borrower shall not destroy, dumnge or Impair the � •,_�i��——
<br /> Property. allow the Property to deteriorate,or commit waste on the Pr�perty. Bonower shall be in default if any forfeiture ., -- _
<br /> " action or proceedin�. whether civil or criminal, Is begun thut En I.ender's good fnith judgment could result in forfelture af the „ •'��
<br /> • �� Property or otherwise matedally impair the lien created by this Securtty Instrument or L.cnder's secudty interest. Borrower may
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<br /> "_,__.____________.,__ cure such a default and reinstate,as provided in paragraph 18,by causing the action or proceeding to be dlsmissed wlth a rulin� • �� �••
<br /> •'� that, in Lender's goad faith determinatton, precludes forfeiture of thc Borrower's interest in the Properry or other matcristt "` �
<br /> impa�rment of thc lien created by this Security Instrument or Lender's security interest. Borrower shall also be in dcfault if �
<br /> � Borrower,during the loan application process,gave materially false or inaccurute informatioa or statements to I.ender(or failed . +
<br /> to provtde L.ender with any material information)in connection with the loun evidenced by the Note,including, but not Ilmited ' �•
<br /> to, repre.sentations concerning Borrower's occupaney of the Property as a principal residence.If this Security lnstrument is on p �.; �
<br /> - � • � � leusehotd, lsorrower shail compiy with ail the provisiuns of �he lease. ii 8urruwer acyuirr+ �ec iitiG i� the FiuNciiy, ii►e - -��-� �°
<br /> leasehotd and the fce title shal l not merge unless Lender agrees ta the mergcr in writing. �
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<br />- � 7.Protection of Lender's Rights in the Property.If Borcower fuils to perform thc covenunts and ngreements contained in ; „;-,,
<br />° this Securfty Instrument, or there is n legal proceeding thut mny signiftrandy affect Lender's rights in the Property (auch aa a r. .�
<br /> '`' proceeding in bankruptcy,probute,for condemnation ar forfeiturc or to enforcc laws or re�ulations>, then L.ender muy do aad " • '• '
<br /> �' pny for whutever i� nccessary to protect thc valuc of thc Property nnd L.cnder's rights in the Property. Lender's actjons may "���
<br /> � include a In un sums secured b u licn which has riorit over this SCCU�II Instrument, a rin in court, A in ' r'.��`��
<br /> PY g Y Y P Y Y P� E PY � y,/� �
<br /> m�wnnble attorneys' fees and entering on the Pmpeny to mukc: repairs. Although I.ender may tuke action under this paragraph , ,,,
<br /> 7,I.endcr dces not havc to do so. . � , ;
<br /> ' Any amounts disburu;d by Lender uncter this parugraph 7 shull txcomc additianal debt of Bnrrowcr secured by this . ..
<br /> Security Instrument. Unless Borrowcr and I.endcr agrce to uthcr termr of payment,thc�c amounts tihall bear intcrest from thc "
<br /> date of disburscment nt the Nate rrte and tihall be p�y�blc, with interest, upon notire from Lcndcr to Borrower requesting ..°'
<br /> payment. '
<br /> S.Mort�age Insuranee.If L.ende�required mortgage in,urancr ar a rondition af making the laan secureci by this Security I •
<br /> . Intitntment, &�rnwcr shull pay thc prcmium, reyuirul to aiair.tain thc m�irtgugc insurunrc in effctit. If. for uny rcasan, the °J
<br /> mortgage insurnnce coverage reyuired by LenJer lupses or reasc+to be in effect, Borcower shall pay the premiums reyuimd to �
<br /> obtain coveraEe rubstantially rquivalent to the mortgage insurance previnurly in effect, ut u cu,t.ub�tantiully equivalent to the
<br /> � rost to Borrower of the mortgugc insurunce previously in cffe�t, from an altcrnutc murtgu�e in.urer approveci by L.endcr. If !
<br /> • �� substantially equivalent mort�age insurance c�werage is nut available.Borrower�hall pay a> Lender cuc.�munth u sum equal to
<br /> ' one-twelRh of the yearly n�ortgage in�urunrc prcmium 6cing paid by&irrowcr whrn thc in�uranrc coverage lapxeci or rc:ised to , '
<br /> _ be in effect.i.ender will accept.u�e unJ rctuin thece paynunt.ati a la., rc.crvr in li�u uf mongagc insurancc. Loss rescrve '
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<br /> � Form 3028 9190 �
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