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<br /> ..:. : - ,.,;..,,;�r'~ Q.N�s�rd or Proyerty Iawranoe. Bairowu 6haU keep tha improvements aow exisdng or htreaftnr�tad on d�o Pmpesty
<br /> ' ' ' "" Insured agatn�t loas by tho.haxa�ds includtd wlthin the te�m "axtendod oovaage"and any otha huacds. iacluding Aoods ar
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<br /> Aopdin8�for whicd Londcr roquir�s insurac►ce.'lt�ls Inauranco shall ba roaiate�ud ia the amounta end for ihe pedods tt�t I.arsla
<br /> ��` ..,�:.: ...,'�..s-�{- roquina'lbe in�e c,�trkr provldla6 the inaueu�oes ehWl be cho�en by Bomnwer subJect to I,ender's appe�ovW which atuU aot
<br /> � be unrwsonably wtthhWd. If Borrower fails w maintain covasga dascrlbed above. Laider r:�ay. at Lendu's opticm�obWn r --
<br />. � - � oovueige to protoct Lender's tlghts In tbo Prnpe�ty in aoc;ordance wltd pnrAgtaph 7. _,
<br /> -1 •• � ; ' All insiu�oa poUclp and ceaswals sbell be acceptnblo to Lettdu and sdeU irtclude a smn�lacd mattgago clause,L�endoc s1W1
<br /> � � � havo the rlght w hold tha policks aad reaewals.lf L�der rcqu�res,Bamcwer sball P�PUY E�ve to Lender all raxipts of Patd
<br /> . pnmtwns and reaawal aotkes.In the eveut of loss,Bcumwer st�a11 give pe+nmpt nouce to the insurenca carrla and Leader.�.onda
<br /> � may mal�o proof of f,os�if not mada promptly by Borrawer.
<br /> .. Un1eRa I.enda aad Baemwer otheialse egres ia wcidng.iusuraace proaeds sGall be applied to reswradon ar repair of tha
<br /> . ., Propc�tY demaBed�if the nstoradon or mpair is economically fe�sible aad Lender's securiry is not lesseaed. If the restoradon a �
<br /> .; r�pair is not ecoaomtcaily feasible ar I.ender's sociuity woWd be iesseaed the iaswazece procoeds shall bo applted to the suma
<br /> . � secured by thfs Secutity Inswment,wdother or not thsn due,with any oxc�ass pald m Borroaer.If Horrowet abaadons tho
<br /> � " Propetty.or does not answer wIthin 30 days a nodcc from Lender tdat tbe insiu�nce c�erler has offered to settle a claim,thea
<br /> t I.ender tpay collxt the insu�ance proceeds.Lendea may use the proceeda t�o repair or restore the Property or to paY sums secu�red =_—
<br /> , by this 5ecurity Instiument,whqher or not then due.'Tho 30�day pe�lod v�ll begin when the aotice is glvea. —
<br /> -- - - - t r�l�?a r r7ecter and Bon+nwu otherwiso a&�1n wridna,anv aDDlicadoa of pmceEda ta principai shsll not axtend or postpono _---- -
<br /> . the dua date of the monlddY PaYa►enta referred W in paragrapha 1 and 2 or change the amount of the paymenu3.If ander paca�reph �;�;°x;:
<br /> 21 the Properiy is acquire�i by Leader.Bonower's dght w any insutance policiss end pcoceeda resWdng from damage to the ,•r�,�,`:-
<br /> . . � � Property prior to the acquisI�on ebal!pass w Lender to the cactent of the sums secured by this Security Inatnuneat imneediately ''�'
<br /> prlor w the acquisttion. .;: .
<br /> 6.Oocupancy,PreservA�lon�Meintenence and Protectton ot We Property; Borrower's Loan Appllcationt I.easeholds. ":
<br /> • Bomoaer ahall occuPY.establish�and ose the Property as Borrowa's principal resIdeace wltbin skty days after the e�cecudon of ,�°"_
<br /> � thls SecurIty Instrument aad shell continue w occupy tha Froperty as Bomower's princIpal residence for at leact one year after the .
<br /> date of occupancy. unless L�ender otherwLsc agrees in wridng, which consent shall not be unreasonably withheld,or unless
<br /> e�ctcnuadng circumstanc.es exist which are beyond Borrower's control.Borrowa shall not d�stroy,damege or iaipair We Property� '_��'.
<br /> aUow the l�roperty w detealorate.or commit wagus on the Property. Borrowcr shall ba in default if any forfeiwre acdon or y."`r
<br /> �;._ _ _ �:r�z�,���hether�!e►�!o�tT!t!�inel, ic Mo�m the!in i�.ndm's vtxwi fnith ludnment a�ild revult in forfeitur�e of the ProA6rtY Or _ _ _ _
<br /> .� � otherwlse aiaterjelly impelr the lien created by this Se�urity Instrument or Lender's secudty interest Bonower may ctu+e such a �
<br /> dafault end reinstAte�R4�1T011�dP.II�Il j18T88f8pI1 1H, by cauaing the acdon or procoeding to bo dismissed with a mllng tbat.ia ,- ..
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<br /> Lendes's good faith dete�mination.precludes forfeiture of the Borrower's interest in the Property or othea material impai:ment of ; _��,__
<br /> the llen c�eat�l by this Secur(ty Insuumeat or I.cnder's securlty interesG Somower shaU also be ln default ff Bomower�during the _ �_.
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<br /> loan applicat�on process.gave mat�eriaUy false or inaccurate informadon or statements to Lender(or feiled w provIde L,endei widi �T:--
<br /> any maeerjal infam�ation) in connection with tho loan cvidenced by tho Note, including. but not Wnited to, represenmtions ':�:,`
<br /> conceaning Boirower's occupancy of the Property es a principal residence.If this Se�urlty Instrument is on a leasehold,Bomower _
<br /> shall comply with aU the provisfons of the lease.If Bonower acquires fee dde to the Property,tho Ic�asehold and the fee tltle shall -
<br /> not merge unless I.ender a�ees to the mager in wrlting. �_ -
<br /> � 7.Proteetton of Lender's Rigdts in the Property. If Borrower fails w pedorm the covenants and agceements contaiaed in .
<br /> this Security Inst:ument,or there is a legal proceeding that may significandy affect Lcnder's dghts in the Prop�ty(such as a _
<br /> proceeding in bankruptcy,probate,for condemnadon or forfeiaue or to enforce laws or regu,.etions),the:,Lender may do and pay
<br /> for whatever is neces,gary to proUect the value of the Property and I.emier's rights in tho Property.L.ender's actions may include
<br /> paying any sums secured by a llen which has priority over this Serurlry Insuument,appearing in court,PaYinB reas�able "
<br /> atwmeys' fees and entrering on the Property to make repairs. Although I.cnder may take action under this paragraph?.Lender (
<br /> does not have to do so. ` °
<br /> My emounts disburse�by Lender nndcr this paragraph 7 shall become addidonal debt of Borrower secured by thls Security �
<br /> Insuument Unless Bonower and Lcndcr agxec to other terms of payment, thesc amounts shaU bear intcrest fmm the dets of �
<br /> disbursement at the Notc rate and shall be payable,with intcrost,upon notice from Lender to Borrowcr requcsting paymen� ;
<br /> 8.Mortgage Insurance. If Lender required mortgage insurance as a condidon of making the loan secumd by this Socuriry I
<br /> Instrument, Borrower shaU pay the prcmiums rcquired to maintein the mortgagc insurancc in effecG If, for any reason. the •
<br /> i mortgage insurance coverage mquired by Lender lapses or ccases to be in effect,Boirower shall pay the premiums required co
<br /> obtain caverage substantially equivalent to the mortgage insuranee previously in effect,at a cost substantislly equivalent to the ,
<br /> cost to Borrower of the mongagc insurance prcviously in eftect, from an altcmate mongagc insiuer appmvcd by Lender.If
<br /> � substantially equivaient moctgege"insurance covcragc is not available,Borrower shall pay to Lcnder each month a sum cqual to
<br /> � I one-twelfth of the yeacly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to
<br /> � be in effect i.ender will accep� use and retain these payments ac a loss reserve in licu of mortgage inswance. Loss reserve
<br /> Fot�3�8 8180
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