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<br /> .'_��"_� S. Huu�rd ar Property Insurunce. Borrowcr shall keep the Improvement� now existinR or hercafter erectcd an che
<br /> .,., Property insured ngninst loss by fire. huzu�dR jncluded within the term "oxtended covera�e" and any other hazards, including
<br /> ' flaodx or flooding. for which Lender requires inaurnnce.Thia insurnnce ahall be maintained 1n the amounts and for the periods
<br /> •Y`�, ihut I.ender requires. The insurnnce cnrrier pruviding the insurartce shall be chosen by Borrower subJect to Lender's approval __
<br /> — which shall not be unreasonably withhcld. If Barrawer fails to maintain coverage described above. Lender may, at I.endei•'s
<br /> :^ . ,��,� . option,obtaln caverage ta protect I.ender's rights in the Property in accordance with parngraph 7. L .
<br /> Alt insurance policfes and renewals shall be acceptuble to L,ender and shell include a standard mortgage clause. Lcnder _ .
<br /> ��� � shall have the r�ght ro hold the policies and renewnls.If L.�nder requires,Barrower shaU promptly give to l.cnder all receipts of �
<br /> . :.�:':•f paid premiums and renewul notices.In the event of loss.Horrower shall give prompt notice to the insurance carrler and l.ender.
<br /> �' ` i.ender mAy mnice praaf af lass if nat madc promptly by Borrower.
<br /> ,�.{';V'';;°}ti.
<br /> � �• t::,t _;�:�� Unless Lender and Bar�awer otherwisc�agrec in wr�ting. i�surance proceeds shall be upplied to restoration or repair of the
<br /> �� • �;:ri,,�'.'�.�=:•._�;. Property damaged, if the restoration or repair is economicnqy feasible and i.ender's secur�ty is not lessened.If the restoration or ==-
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<br /> � ;�,:iK�;^�; .��,;;; repair is not ecanamically feasible or Lender's security wauld be lessened,the Insurance proceeds shall be applied ta the su�ns ��
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<br />==-� ,;M1; �,----n--, securai by th�s�ecunty lnstrument, whether ur not then due, with any excess patd to Borrower. If Barrower abandons the �s�»�r-�—.
<br /> r ��' t Praperty, or does not answer wlthIn 30 days a notice from Lender thAt the insurance carrier has offered to settle a claim. then !°-�°'=°=�__=—
<br /> j/ � L.ender mby collect the insuranse proceeds. I.ender may use the proceeds to repair or restore the Property ar to pay sums �='x"'-`�`"`°=---
<br /> f { secured by this Securlty Instrument,whether or nat then due.The 30-day period will begin when the notice is given. `' ��' -�-°�'�'-'�'°'
<br /> '` ���•`•� Unless L.ender and Borrower othenvise a�ree in writing, uny appllcution of proceeds to princlpal shall not extend or ,.�;r^i�'�-_
<br /> "' postpone thc duc date of ihe monthly payments refcrred to in paragraphs S nnd 2 or change the amount of the payments. If -.'" `��'�
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<br /> I � under paragraph 21 the Property is acquired by Lender, Borrower's right to any insurunce policles and proceeds resulting from •.
<br /> d �� � � damage to the Property priar to the acquisition shall pass to Lender ta the cxtent of the sums secured by this Securlty instrument '�` ••,�;r„�
<br /> immediatcly prior to the ucquisition. ;;;y�,;L�;_
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<br /> � ,. . 6.Occupancy, Pr�servatEon, Muintenance and Protectian uf the Property; Borrower'ss I.oan Applicatton;Leaseholds. r_--�-_
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<br /> , Barrawer shall cxcupy,estublish,and use the Pr�peny as Borrower's princips�l residence within sixty days ufter the execution�f . � �
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<br /> • this Security Instrument and shall contjnue to occupy the Property as Bnnower's principai residence far at least one year after ' 'W--�.
<br /> ' � • ° the date of occupuncy, unless L.ender atherwiu agrees in writing, which cansent shnil not be unr�eaconably withheld.or unless �._:�4
<br /> •� extenuating circumstunces exist which ure bcyond Hnrrower's control. Rorrower shutl not destroy, dumage or impair the ��
<br /> Property, ailow the Property ta deterioratc, or cammit waste on thc Property. Borrowcr chall bc in dcfault if nny farfeiture �x�
<br /> � • actio�i or pnxeeding, whether civil ar criminal, is hegun thut in L.ender's gocxi fuith jud�ment could result in forfeiture of the
<br /> . < � -- •• Property or otherwise materially impuir the lien created by this Securitv Instrument or Lende�c.ecuritv i�terect. Rnrrow�r mAy - �r-�
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<br /> cure such u default and reinstate,as pravided in paragrnph 18, by cuusing the actian ur proceeding to be dismisseci with a ruling
<br /> •. that, in L.ender's gcx�d fuith detetmination, prccludes forfeiturc of the &�rrowcr's intercst in the Property or other mnterir�l ,�,�,'._
<br /> impairment of the lien creuted by this Security Instrument or Lender'ti security interest. Bonower shnll also be in default if "�•��_
<br /> Borrawer, during the loan application proces,,gave muteriully fal�e or inuccurute infnrn�ation or statements to ixnder(or Tafled " -` -
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<br /> to pmvide I.ender with uny muterial informatinn)in cannrction�vith the Inun evidenced by the Nnte, including,but not limited
<br /> • to, representations coneeming Bor�uwer'ti occupuncy of the Property us a princip:si residence. If this Securiry Instrument is an a ?�°�'�
<br /> teaschold, Borrowcr shull comply with all thc provisions of the leasc. If Borrowcr urquirc� fce titic ro thc Property. the � , �"��=_
<br /> leucehold and the fee title tih�li not merge unles. I.cnder ugrces ti�the mcrgrr in writing. `�z,--
<br /> • ' 7. Protectinn of Ixnder's Ri�htti in thc Property. If Biurower fuils tci perforni the covcnantti and A�rcementti containe.•d in i� . �
<br /> this Security]nstrununt, or there i.u Icgul prorecding that muy ,ignitirandy uffcrt I.cndcr's right+in thc Property(wch u� a �._ • -
<br /> -��� ` pmrecding in bunkruptcy, prob;�tc, for cunJemnatiun or fortciture��r to cnforce lu�vs or rcguluti�ins>, thrn Lender may do and ~ '
<br /> :' pay for whatever is neccs.ury t��prutect the vuluc of'the Propeny und L.ender's riFht. in the Pruperty. l..ender's uctiom may ��•����
<br /> �f : indude paying any .umx tiecureci by a lien which hu1 rinrit uvcr thi. Srcurit In.trument, u e:�rin� in court, a in r'� �
<br /> � Y Y PP b P Y € ,�:�
<br /> . rcasonuble attorncys'fec.r snd entcring on thc Prcipcny to makc rcpain. Although I.�nJrr may takc urtion under this pursgraph .
<br /> , 7.Lcndcr dc�es rx�t havc ta do tio. ,
<br /> Any amount� di�bursed by Lcndcr under thiti puraEruph 7 ,hull berwne adJitional deht uf Borcower secured by thi�
<br /> Security Instrununt. Unlc++ Borrrnvcr und L.cnd�r agrcr ta uthrr tcrm�uf pupmrnt, thctic umount++hull lxar intcrest frc�m thc
<br /> date of ditihursenxnt at thc N��te ratc unJ .hatl hc payablr, �vith intcrr.t, upun nnticr fr��m [.end�r to Borrower requc�ting
<br /> ' paynxnt. ..
<br /> � • 8. niong��e Insuruncc. If[�ndcr rcywrcd nwrtgag�in.uranrc a,a c�,nditiun of making thr lua���tiumd by thi.Scrurity f • ,
<br /> Irot�ument. &irrnwcr .hall pa� thr pmmium�rcyuired to maintain thr mortgagr in.uranrr in cifrct. [f, for any reason, thc I
<br /> mortgu�r inwranre ro�•rragc rryuireJ h�• I.rnder lap.e�or crax. to tk in rffect. Horr���eer>hall pay the premiumti reyuired to
<br /> aMtain covcragc ,uh,tantially cquivalcnt to thc ntungagr imur:uxc pr«•i�w�ly in rt'Tcrt. at a ru.t.ub.tuntiaU�-eyui��alent tc�the
<br /> , cost to Bcirmwrr nf thc mottEugr in.uranrr pr�.•��,u,ty� �„ �r��.c. (r��m an ultcrnatc tnurtgagc in.urer apprciv¢d hy L.�nJrr. If �
<br /> � wbtitantiall�cyuivalent murtgage in,urancc ro�e�;�Ec i�not a��ailahl�. &�rruw•cr�hall pa�•ta I.�ndcr rach nu,nth a�um�yual to �
<br /> �' unr-twelfth of the ycarly r�n�rtguge imurancr prcrnium hring paid M Burc��wcr��hrn thr in.urancc r�+�rrugc�ap.ai ur craticd ta
<br /> tk in effcct.LcnJcr will arrept.u�r anJ r�tain ihr•c�+aymrnh a. :�li�,ti re,er��r in ;icu uf murt�agc in,uranrr. Lu.. re.enc �
<br /> Fo►m 3028 9190
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