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<br /> _-_ — -------- I Y�M �'W�Y� •--- �- ---..
<br /> - - '���j'� S. Hnzard or Property Iosurance. Barrower shull kecp thc improvementa naw cxisting or hereafter crected on thc
<br />� - Property insured agatnst lou by fire. i�azarda lncluded within the term"extended caveruge" and any uther huu�rdR, including
<br /> - flads ar 1]aoding.far which I.ender requires insurance.Tisis insurance shall be maintained in tbe amountti und for the period,s
<br /> -- -- that Lender rcc�uires.The fnsurunce curder provfding the insurunce shall be choser by Borrower Rubject ta L.ender'R uppraval
<br /> which++haU �at be unreasonably withheld. If 8orcawer fuils to mainmin rnvernge de�cribed above, Lender mny. at C.ender'R
<br /> - option,abtaln covera�e to protect Gender'c;rights in the Ptnperty in aaordance with puragruph 7.
<br /> � „� .,;,�;,• All in�umnce paliciew artd renewuls shall be uccsptnble to L.ender and shnll include u Standard mortgago clause. Lender
<br /> � shall have tha right to hald the policies an�renewals.If Lcnder requires, Borrawer shall promptly give to l.endcr ttit reccipts of G
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<br /> ; :,{,n�;� paid premiumc and renewel aoticrs.In the event af lass.8ormwer shull g ive prompt�atice to the insurnnce cnrtier and Lender. ---
<br /> ''�} � ' ;.� Lender mny malce proc►f af lass if not mude promptly by Borrower.
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<br /> ,. :�±r��.���;:�Y`: � Unless I.ender sued Banawer othcrwlsc asrce in writing,insurance procceda shall be upplfod ta restoration or repair of the
<br /> '�,,:�t�;;;'� '•.� :'• Pmperty damaged.if the�estoratian or repnir is ecanamicuUy feasible and I.cnder's secudty is not Iessenai.If the restoration or -
<br /> n:�o���� • • •• repair is nat economically fea.qibie ar L.ender's secudty wauld be lessened,the Insurance proceeds shall be applied ta the sums
<br /> �'� ;�' ' . sccured by this Security Instn�ment. whcther ar rtnt then duc, with any ezce�s.4 paid to Borrower. If Borrawcr abandans the ` "' �--�- -
<br /> :�'. ' •"'' Property,ar daes not answer within 3Q duys a notice fmm L.ender th�the insurancc ca�rier has affered to ise�ttle u cluim, then
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<br /> J � •. Lender may coAect the insurance procecds. Lendcr may use the praceds to repuir or restore the Property ar to pay sums -
<br /> ' �� . , secumd by this Securtty Instrument,whether or nat then due.The 30-day period wlll begin when the notice is given.
<br /> �• . ,�, Unless Lender and Battawer atherwise agree in wrlting. any applicntion af praceeds ta principal shall not extend or _
<br /> a . . postpone the duc datc of the monthly puyments refcrred to in parugropF�s t und 2 or changc thc csmount of the payments. If
<br /> ' '� � . urtder paragruph 21 the Property is acquirecl by [.eader. Barrower's riEht to any lnsurance policies and proceed�resulting from —__
<br /> :,, �..,,
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<br /> '---��� ---•-� damage to the�roperty prior to the acquisicion xhali pacs co I.ender w�he �x�Cn�uf ti�C��,��r,�:ur,:d tsy chis 3r.ceirity Inssrnment �:�:---=
<br /> { .• � immediately prior to the ncquisition. —�-
<br /> " �� �� 6.Occupancy,Pr�cervation,Maintenance and Protection of the Praperty; Borrower's I.oun Appltcation; I.easehoids. `�`"-�°
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<br /> _ Borrower shaU occupy.estsblish.nnd use thc Property as Horrower's principnl msidence within sixty days after the execution of �'°'
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<br /> ' this Securiry Instrun�ent und shall continue ro occupy the Property us Borrowcr's principat residence for�t least one year after �'�'`�":
<br /> the date of vccupancy, unless Lender atherwise ugrees in w�itin�, which conxent shaU not be unm,usonnbly withheld,or unless ��*�'.��''-
<br /> �� extenuating circumstunces exist which are beyond Borrower's contml. Bnrrow•er shall not destroy, dumage or impair the .�±c�'�--
<br /> Property, altuw the Property to dcterioratc,or mmmit N�astc on the Prc�perty. Barrowcr shaU be in default if uny forfeiture -__
<br /> action��r pr�xecding, whether civil or criminul, ic begun thnt In L.ender'ti gaxi faith jud�ment cauld result tn forfelture of the '' a°.;;_ "
<br /> „ Propeny or otherwise materially impair the lien created by thi,Serurity lristrument or Lender's security interest.Borrower may "=,;-s'��
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<br /> cure such u default and reinstate,a�provided in puragraph 18,by cauwng the action ar proceuting ta be dismis�ed with u ruling '� `
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<br /> thut, in Lender's good'faith determination, precludes forfeiture of thc BoRCiwer's interest in thc Property or other materlal • 1"'
<br /> impuirn�ent of thc lien creoted by this Security Instrument or I.enJer's security interest. Borcower shalt ulso be in defnult ff � _
<br /> Borrower,during the loun upplication prnress,gave materiuliy false or inac�urate informatinn or statements to Lender tor failed �
<br /> ' to providc Lendcr with uny muterial information)in connertion with thc loan evidenced by the Nate,including,but not limited • `,
<br /> to, reprexcntaticros conccrning Bnrrowcr'.occupuncy of thc Property�n u principal residence. If this Securiry Instrument is on a .
<br /> Icasehold, Borrower shall camply with ull the provisions of thc lea�e. If Bittrower urquires fcc tidc to thc Property, the . ,
<br /> leasehuld und the fee tide shull nnt merge unletix Lender agree�ta the mcr€er in writing. �
<br /> 7. Protectian of I.ender's Rights in the Propert�•.If Borrower failti w perform thc covenxnts und ugreements contained in „ ;��_
<br /> thi�Securiry Imtrument,or therc ir a Ie�ul pnuccding thut may ,ignifican0y uffect l..ender'ti rights ia the Property(such as n •. "_
<br /> procecding in bankruptry, probatc, ti�r cunJcmnati�m��r fc�rfciturc c�r�o �nfnrcc law+<�r rcgulutians).then 1.xncicr muy do and '�::.;�
<br /> pay for whatever i�necestiury to prc�tect thc vuluc uf thc Yroprrty unJ I.ender'� right+ in the Property. Lender'� uctions may ..�*+�-°�,
<br /> inrlude paying uny tium� ,ecured hy a lien which hati priurily over thi� Security Imtrument, uppeuring in coun, pnying ;�:�'�—-
<br /> reu�onuMle uttornr �' fee.r und enterin��m thc Pro en to nu�kr re ain. Alth�w�h l.endcr mu tukc uction undcr thiti u�u ra h � ��T�:
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<br /> 7. Lencicr d�x;�nat hu��c to do sn. -
<br /> An� amount.dis6urseJ h�� Lender undrr thi� paragraph 7 ,t»II haunk :idditiunal deM of Borrower uucured by thiti � ' -�'"-`"
<br /> Sccurity ]n+trument. Unlesti Borruw�cr and Lender a�rrc to uthrr trrm��►f paynknt, thc�c •rmnunts ,hull bear intere+t frc�m the •
<br /> datc of disbur.cnunt at thc Notc rutr and �hull hc payuhlc. with ider�.t,u�m nutirr from Lendcr tci Bortowcr rcquesting ,
<br /> paymcnt.
<br /> • 8. Diort�a�e Imurunee. If Lender rcyuired nwrtgagc in.uranrc a+u cnnafitiun uf making thc Ic>an�crured by thi�Serurity , , � .'
<br /> � Instrument, B��rrc�w•rr .hall puy thc premium. rcquircd tu maintuin the mnrtgagr in�urunrc in rff'crt. If, fcir any rcuson, thc
<br /> mortgage inwrance cc►rera�;e rcyuired h�• I.endcr lap�e,or ceau+ tu Ix in e(firt. Burrow•er.hall pay the pr�miunn reyuired to
<br /> abtain r��vcru�c+uhstantially ryui�•alent to tlic rnurtgagc imuranrr prc�i�iu�ly in cffcrt,at a ru�t .uh.tantially cyuivalent to thc
<br /> cost to &�rrowcr �if thc mun�a�.r in.rur:uicc prcvinu�l� in rffcrt, fram un altcrnatc m�m�age inwrcr appnrvcJ by Lcndcr. If
<br /> +uh�t�ntially eyui�al�nt nu�rtg:►gc in.uranri ru�cragc i� n�,t a�ailahlr.Bnrro���r�hull pay tu Len�cr cach munth a�um eyual to I.
<br /> unc-t�v�lfth uf thr�•carly murtgagc inwrancc prrmium hcing paid by &�rru���r�+hcn thc intiurance ro�•cragc lap�rd ur cca�cJ u� �
<br /> � tk in et'tect. I.�ndcr H itl accept. ux and retain the.r paymrnt,a, a lu�� rcxrve in liru �,1' nx�rtgagr imuranre. I.u+. re•erve I
<br /> Form 3028 9190 �
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