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<br /> _ -�.�s�_ ;,;-.:��..� S. �uznr� or IRngeety Insursttee. �3orro�ves shall keep the improvementa now ekisaing or he�Tfe2��d[b�on tha _�__
<br /> Property insured against loss by fire� hsunrds included wlthIn the term "extended caversge"and eny other hazarda, including
<br />-- - —_ flaods or flooding,for which I.ender�equires tnsurance.This insuranct shall be maintained in tha emounts and f�r We perlods
<br /> thnt Lender requires. 'Ihe insw�ar►oe carrier providing the tnaurance shall be chossn by Bormwer eubject to Lender's epproval
<br /> — wh{ch ehall not b►;urueasonsbly wIthheld. If Borrower fails to maintain coverage descdbed above. I,ende�mey.at i.endec's
<br /> option,obtaice covcmge to prcte.ct I.ender's rights in the Property in aaordancx wItb paragraph 7.
<br /> - - — A!1 insurancc poQcics und renew�is shali be acceptable to Leuder nnd shall irtclude a stendard mortgege clause. Lender �
<br /> i` shell havc the rIght w bold tbe policies and renewals. If Lender reguires.Borrower aha!!promptly give to Lender all e�ece3pt�of
<br /> �` paid premiums and rsnewa]aotices.L�the event of loas.Borrower shall give prnmpt notice to the insuranoe carrier and 1.ender.
<br /> T Lender muy make proof of loss if not made prompdy by Borrower.
<br /> , r ' Unless Lender end Borrower otherwlse sgree in writing.insurance proceeds shall be applied to restoration or repair of the
<br /> �•s . �rw;' °� Pmperty daasaged,if the restoration or repair Is economicalty feasible and➢.ender's security ja not lessened.If the resWrntIon or
<br /> � �•;*��;,�����=`� repair is not ecanomicaily feasible or Lender's securlty would be lessened.the ineurance prc�ceede shaU be applied w the eun�s �._--_
<br /> ;i�� '�c�. secured by this Sec�ulty Instr�ment, whether or not then due. wlth eny excesa paid to Borrower. If Borrower abandons the
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<br /> �, ��;^t �.: :; Property. ot dces not answer wlthln 30 deys a notIce from Lender that the insurance carrler has offered to settic a cloim.then � _-
<br /> �i �.V�•�'���• ��^"'� ` I.ender may collect the insurance proceeda. I,ender may use the proceeds to repair or restnre the Property or to pay sums — _
<br /> � .; s e c u r e d b y t h i s S e c u d t y I t u s t t u m e n t,wh ether or not then due.The 30-da y p erlod wlll be gin when the nottce is given. _
<br /> �` .� ^� �'j`�•:c� Untesa•Lender and Borrawer othetwise agree in wrlting. any applicatjan of procxRda to pr�ndpal shall not extend or
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<br /> • � ����ti postpc�ae the due date of the manthly paymenta neferred ta i�a paragrapbs 1 and 2 or change the amount of the payments. If
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<br /> �'." . . under paragraph 21 the Propercy is acqulred by i.ender,BorrowP*'s rlght to any insurance policies and pracccds resultieg fenm =__
<br /> '" dataage to the Pcoperty prior to tbe acquisitian sheU pass to Lender eo the extent of the sums secucrd by thia Secudty Instrument =---
<br /> . - . immedietely prIor to the acquisitIon. �.5
<br /> ; � 6.Occupancy,Preservatton,Maitttenance and Protection ot t6e Property;Borrower's I.oau Appltcation;Leaseholds. ��
<br /> Borrower shall occu establish,and use the Pro rt as Bonawer's pr�ncIpal residence within sixty days after the executIon of �`--_�_
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<br /> " ' this Security Instcument and ahall continue to occupy the Property as Borrower's prInclpal restdence for at least one year after ' -�.
<br /> the date of occupancy.unless I.endcr otherwise agrees in writing,which wnsent shall not be unreasonably withheld.or unless �°Y—
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<br /> extenuating circumatances exist which are beyond Borrower's control. Borrower shell not destroy, damage or impair the '"��.__
<br /> , '' Property. allow the Pmperty to deteriorate. or comn�it waste on the Propercy. Borrower shall be in default if eny forfeiture �'�•.ti�;
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<br /> � action or proceeding, whether cIvil or criminal, is begun that in L,ender's good faith Judgment could result in forfeiture of the ..5., ,�i.,
<br /> Property or otherwIse materielly impair the lien created by this Security Instrument or Lender's security interest.Borrower may � ��'-"
<br /> - -- ----- cure such A deiauic and reinstate,us prvvtdrei ui para�[eph ig.by caus►a�the act�on or pmeced:ng to ne d�smissai tirisu n�uiie:g `' _
<br /> that, in J ender's good faith determination. precludes forfeiture of the Borrowcr's interest in the Properry or other msuedal '�:".. •�,-_
<br /> impairment of the tien created by this Security Instrument or Lender's security tnterest. Bonower shatl also be in default if '"',�'"_-
<br /> Borrower.during the loan applicatton process,gave materlally false or inaccurate information or statements to Lender(or faIled ' -�:•�
<br /> • to provide I.ender wlth any mater�al information)in connection with the loan evIdenced b the Note. lncludin ,but not limited '��'�"'
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<br /> to,representationa conc�rning Bonower's occupancy of the Property as a principal residence.If thie Security Instrument is on a . �'' ..
<br /> � leasehold. Borrowcr shail comply with all the provisions of the lease. If Borrower acquires fee titte to the Property, the '
<br /> leasehold and the fee title shall not merge unless L.ender agrces to the merger in wr�ting. � �'
<br /> 7.Protectton of Lender's Rights in the Property.If Bonower feils to perform the covenants and agreements contained in �
<br /> • this Security Instrument, or there is a legal procexding that may significently affect I.ender's rights in the Property(such as a . "
<br /> - proceeding!n bankruptcy,prabate, for condemnation or forfeiture or to enforce laws or regulations).then Lender rnay do and
<br />�. pay for whatever is necessary to protect the value of the Property and I.ender's r��hts in the Property. Lender's actions may
<br /> include payin� any sums secured by a lien which has prlority over this Security Instrument, appeartng !n wurt. payins
<br /> reasonable attorneys' fees and entering on the Property to make repairs. Althou�h Lencier may take action under this parugraph
<br /> . ?,Lender does not hacc ta do so. , . �
<br /> Any amounts disbursed by l.ender under this para�raph 7 shall become addittonal debt of Borrower secured by this .
<br /> Security Instrument. Unless Borrower and Ixnder agrce to othcr terms of payment, these amounts shall bear interest from the
<br /> ' date of disbursement at thc Notc ratc and shaU bc payAble, with interest, upon notice from I.ender to Bonower requesting �•
<br /> paymcnt.
<br /> 8.MortAage Insurance. If Lender required mortga�e insurance as a candition of making the loan secured by thls Security
<br /> Instrument, Borrower shall pay the premiums required to maintain the mort�a�e insurnnce in effect. If, for any reason, the
<br /> mortgage insurance coverage required by I..ender lupses or ceases to be in effect, Bonower shall puy the premiums requimd to
<br /> obtain coverage substantially equivalent to the mortgage insurunce prcviously in effect, at a cost substantiully equivalent to the
<br /> cost to Borrower of the mortFage insurance previously in effect, from un alternatc mongage insurer approved by Lender. If "
<br /> substantially equivalent mortgagc insurancc coverage is not nvailnblc,Borrowcr shall pay to Lendcr each month a sum equal to
<br /> one-twelfth of the yenrly mortgage insurance premium being puid by Borrower when the insurc�nce coverage lapsed or ceased to
<br /> ' � be in effect. L.ender will accept,use and retain thexe paymentti�s a loss reserve in licu of mortgage insurance. Loss reserve
<br /> Form 3028 9190
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