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<br /> _ . ,t,l;:�+la�.• �:...' g. Hapard or Property Insuraae.e. Borrow@r shall kcep tha improveraents now eaisting ar hereatter erected on the
<br />- �.,��,,�-��•.M;r- �r� �roperiy insured against loss by fire. hezarda included wtthin theterm"eatended covemge" und uny other hautrda,including ��._��--••W�.aF -- -
<br /> � �s==r,..���;�� �� floods or flooding. for which Lender requiros insurance.Ttsis insurence shall be maintefned in the amounta nnd for the pedoda =
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<br /> ,�;;:•.,,,,;,,,.., ; that Lender requi�res.The insuranc�carcier provlding the insurana shsll be choacn by 8onower subject to I.ender s appraval
<br /> i �� which shali nat be unreasont+bly withheld. If Borrower fails to meintaln coverege described above. i.ender may, ut I.ender'R
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<br /> ���;;: ` aption.obtain coverage topmtect Lender's right�in the PropeRy inaccordance with purugraph 7.
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<br /> . �. � � •. Ali insurance policfes and renewals shal! be acceptable to I.ender and ahall include a standard mortgage clause. Len er ------
<br /> . ; A�":,�` ..s� shali have the right to hold the policte�s and renewals.If Lender r�quires,Barrower shail pmmpdy give to Lender ali mcipty of �_ _ '�- �` -�°-
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<br /> paid premtums and renewal notices.In the event of loss.Bormwer ehall give prompt notics to the Insu�icc cartier and I.ender.
<br /> `'' Lender muy makc proof of loss if not msde promptly by Borrower. ___
<br /> 4 � Unless I.cnder and Borrower othenvise agree!n wrtNng,insurence pmceeds shall be applied to restoradon or repafr of the =_=_ —
<br /> „ ' . Propecty damaged,if the restoratIan or repair is economically fe�.sible end Lender's setudty is not lessane�.If the restoradon or �:;�;�-._`�T-
<br /> . •• • repair is not economical[y feaslbie or L.ender's securlry would be kssened,the insurance praxeda shall be applied to the sums .�,_.,--=�=-_=--_
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<br /> � • � sea.�ured by thia Security Instrument. whether or not then due, aith any excess paid to Horrower. If Borrower abandons tho •��5,�,::..:,=-_---
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<br /> � ° Property. or does not answer within 30 days a notIce from I.cnder that the Insurance carrier has offered to settle a claim, then ;,,'���,.;�_,___ ,
<br /> f/ " ,, L.ender may collect the insurnnce proceeds. L.ender may usc tlae praceda ta rcpalr or restor� the PropeRy or to pay sums
<br />- secured by this Secudry Inatrument,whether or not then due.The 30-day perlod will begin when the not{ce is given. ' '`',�`�;���� ��..���
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<br /> Unless Lender and Borrower otherwise agrce in writing, any apptication of proceed�s to pdncipal shall not extend or �=_`----
<br /> postpone the duc date of the monthly payments referred w in paregrephs 1 and 2 or change the amount of the payments. If ;'���`---�
<br /> __ under paragtaph 2 I the Property i�s acquired by L.ender. Bonower's right to any insurance policies and proceeds resulting from ' ° �'"`
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<br /> . damage to the Property pdor to thc acquisition shall pass to Lender to the extent ot the sums secured by this�ecurity Insuument -
<br /> immedtately pr�or to the acquisitian. .�•'.,'��.�--���
<br /> ' 6.Oscupuacy,Preservation,Maintenance and Protection of the Property;Borrower's Loan Application;Lea.seholds. . �};�i,;,;i�,
<br /> � „ . Borrawer shalt occupy. establiah.and use the Praperty as Hotrower's pdnclpal residence wtthln sixty days after the ex�cution of � �"
<br /> � thts Secudty Instrument end shaU continue to accupy the Propeny as Borrower's principal residence for at least one year after • ''"�`"`'`� �-
<br /> the date of occupancy, unless[.ender otherwise agrees in writin�,which consent shall not be anreasonably wlthheld,or unless . • '°°�� "
<br /> extenueting circumstances eaist which are beyond Borrower's control. Borrower s ha l l not destroy, damage or Impalr the �,�'_.- �
<br /> Praperty. allow the Property to deteriorate, or commit waste on the Property. Borrower shstll bc in default if tttty forfeiture "r}�.p°
<br /> �� action or proceeding,whether clvil or criminal,is begun that in Lender's good faith judgment could result In forfeiture of the
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<br /> ' Property or otherwise materially impair the lien created by this Security Instrument or Lender's security interest. Bonower may " ";. �
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<br /> •_.-.:.__._,__.-__T_ cure such a default and reinstate,es provided in paraRraph 18,by causing the action ar proceedin�to be dIsmissed with a ruling ,:� "
<br /> . that. in I.ender's Sood faith determinatfan, preciudes forfeiture of the Borrower's interest in the Properry ar other material :9{•:
<br /> , impairment of the Iten crested by this Security Instrument or Lender's security interest. Borrower shall also be in default if '..,��•"'
<br /> Borrawer,durInx the loan application process,gave materially false or inaccurate information or statements to l.ender(or failed '
<br /> to provide Lender with any meterial information)in connection with the loan evidenred by the Note, Including, but not limited �`�
<br /> ta,representatfons conceming Borrower's occupancy of the Propeny as a principol residence. If this Securiry Instniment is on a • •• ��
<br /> le�ssehold, Borrower shall comply with all the provisians of the lease. lf Borrower acquires fee tftle to the Property. the �� � �
<br /> leasehald and the fee titie shall not merge unless l.ender agrees to the mer�er in writin�. , •�' � '
<br /> 7.Protection of I,ender's Rights in the Property.If Borrower fails to perform the covenants and agreernents contained in �.:�
<br /> � this Securtty Instrument,or there is a Iegal proceedin� that may significantly affect Lender's ri�hts in the Pmperty(such as a
<br /> praceeding in bankruptcy, probate, for condemnation or forfeia�re or to enforcc laws or regulntions). then Lender may do and '
<br /> � pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. Lender's actions may ,' ��:
<br /> ,�. include paying any sums secured by u lien which has p�ority over this Security Instrument, appearin� in court. pnyin� �' •���-"' "'��
<br /> reasonable attomeys'fees and entering on the Property to make repain. Although I.endcr may take action undcr this paragraph ' � � ' �:
<br /> . 7,I.ender does not have ta do so. � �•
<br /> Any emewnts disbursed by [.ender under this parugraph 7 shull become udditionut debt of Borrower secured by this � •� =:f=�
<br /> Securtty Instrument. Unless Borrower nnd Lendcr ugree to other terms of payment, thesc amounts shall bcar interest from the f " ,, :
<br /> . date of disbursement at the Note rntc and shall be puyable, with intcrest, upon noticc from Lender to Bartowcr requesting � �
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<br /> ' puyment. .
<br /> 8.MortAage Insurance.If l.ender reo,uired mortsagc imurance as u conditiun af makiug the loan secured by this Security �
<br /> Instrument. Borrower shull puy the premiums reyuired co maintain the mortgagc ir»urunce in effect. If, for any ma5on, the ., � �
<br /> moRgage insurance coverage required by Lender lapses or ccases tn be in effect,Bonower tihall pay thr prerniums rcyuired to ! .,.
<br /> obtnin covcrage substantially equivalent to the mort�agc intiuruncc previoutiiy in ePfect,ut a r<ist ,ubstuntially cquivu�ent to the • ' �
<br /> cast to Barcower of the mortgagc insurunce previou+ly in effcct,from an alternutc mortgugc insurcr upproved by Lender. If -
<br /> substnntially equivalent mortgage insurance rc�veragc i�rnrt arri lablr. Borrower+hull pay to L.ender eseh month a�um equal to ; ,
<br /> � one-twel fth of the yearly mort�a�e insurunce pr�mium bein�puid hy Horrower when the in,urancc cov:raRe lapsed or ceased to !
<br /> be in effect.Lender will accept, use nnd retnin these payments as �Ic�s� rrserve in licu uf mi�rt�agr intiuratxe. L�ns reserve ;
<br /> Form 3028 8190 ;
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