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<br /> •: •�•�;� •�-� S. }ta��rd ar Prnperty Insurttnce. Bormwer ahall keep the Improvementa naw exicsing on c�rcaRcr crected on tho -°°— _
<br /> ,.,r��.�.-���;;.:;T° Properiy insu►�ed against lo�s by fire. hazarda included�vlthin the term "�xi�ided cavernge" and nny other h►iy.nrde,Irtcludi��g r=�`�«�'"""`""---!
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<br /> ;� _ . tloods or flooding, for which Len�er reqoirea Insumnce.Tbis inFUrance shnll bs muintalned in the nntnu��is nnd inr the periods = —
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<br /> ' thnt l.ender requires.The insumttce c�rci$r provtding the insurnncc shnU he chosen by Bormwer eubJect to[.cnder's npprnvu! `"..�.;".`".```° .� "" -`
<br /> ° . ° � . ' whlch shall not be unrcusonubly whhheld. If�ortower fnils to maintain covernge descrlbe�f t►Imve, (.enJer mny. nt Lertder's �h�nY�:ti,;---__
<br /> ��. � � option.abt�in eovemge to protect Lender's rightx in the AropeRy in uccordance with paragrnph 7. =—---=—
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<br /> � ' All lnsumnce policies and renewnls shull be accepinble ta I.ender and shall include u standard marigage cluu�a. i.ender r•�t���,,:�,;:;�;
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<br /> • `�� � shnll have the rlght to huld the pollcie.g and renewuls. If I.ender requins.Bormwer shnft promptly give to l.onder ult reccipts of �;�r�---�
<br /> � id remiu and reecwal noticer..In the event of los.4,8orcower shall ive prompt notice to the insurance currier and Lender. "�=;-=����;�,,m;;- __
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<br /> -- . : . ���-r I.ender mny malce proof of loss iF not made promptly by @orrowcr. �- ''�.." r`�'. '-.;��'�`.-
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<br /> - " Unless L.ender and tiorrower otherwise egcee in writing,insutance proceeds shaU be applied to re.ataratian ar repair of the :,. .,?�,:,.��.-�,t<,;.
<br /> � • Property dmm�ged.if the r�toration ar repair is economicAlly feasible and Lender's security is not lessened.If U�e re.starndon or � �, ' � ' �
<br /> � � repair is not economic�lly feastble av I.ender's secur�ty wauld be lessened.the insurance procceds shall be Appiieii to the s��ms • -
<br /> „ secured by this Security Instrument, whether or nat then due. with any excess paid to Bonower. !f Borrowcr�,bandons the • -
<br /> � Property,ar does not nnswer within 30 dAys n noticc from[.ender that the insuranre currier has offered to setele�cl�i�n. sLten • • ;
<br /> .;''•• I.ender mny callect the insurnnce pruce.ods. I.ender may uFe the procee�is to repair or restore the Propeety or Qo g►ay su�ms � '{`''"� i
<br /> secure�l by this Secu�ity Instrument,whether or not then due.'The 30-day period wlli begin when the rtotice is gevem. ,. .. �;'.s,•.. �
<br /> Unless Lender nnd Barrowcr atherwise agree in wrlttng, any application of prace�eds to principal sha0t mot exteresf or `�'�"`..'-'•,:.
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<br /> �ostpone the due dAte of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the paymenes. 1B •;��,:�'=��`��
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<br /> . • under para�rxph 21 the Property is acqufrcd by Lender,BorroWer's r�ght to any insurance poltcies and procceds resulti�ig irom �:`"'•'�{'��°
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<br /> ' � damase to the Property prIor to the acquisition shali pass to Lender to the extent of the sums secure�by this Security Tnstrument � ��:�.`�'�;_��
<br /> � immediutely pdor to the aoquisitian. ��y��'��--v�
<br /> � 6.Occupancy, Prese�aAuo�e,MAintenance ae�7 i!°��a9�ction o4'the Property;l��a�rower's Loan ApplicaQimn; Leaseholds. • -
<br /> � Borrower shaU occupy,estpbiish,and us�ohs Propeny us 8arrower's principal residence within s6xty days after the execution of � ��,'�q„�
<br /> this Scrurity Instrument and shalt co�n4inNC ro occupy the Property as Barmwer's principal resideno2 for ut leust one year after �.�''r�'�'�':' '��•
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<br /> ,.;,.,;;���,�tf the date of occupancy, unless I.ender ut9�rr�ti•ise agrees in writing, w&ich consent shall not be unreasonably withheGd,Ot UH��CSS ���;,,;��.?�.,ts,•;rs
<br /> � ''�'a"'��`�� •rrtenuating circumstnnces exist which ure beyond Borrower's contml. Borrower shall not destroy, da�naEC�os impair the �"�. �}' �s
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<br /> 'Property. allow the P�opzrty to detcriorate, or commit waste on thc Property. Barrower shall be in defaull it�rtey farfeiturc � ,�*�"�
<br /> :���`, action or proceading,whether civil or criminal. is begun that in L.ender's goad fuith judgment could msult in forfeiture of the „ � ' ',,,• -
<br /> • Property ar athenvise mttterially impair the licn created by this Security Tnstrument or Lendcr's s�xurity interest.Borrower snay
<br /> _ ' .^ure cuch a defanit nad minstate;aa provided in paraeraph 18,by enusing the uction or ptace.eciinR to be dismissed with�ru�cr.�;
<br /> _�ti t6at, in L.ender's good fa�a'r. determination, pr�ecludes forfeiture of the Borrower's intcrest in the Property c�s other materia! ° . ';��.
<br /> impairment of the licn cc�ated by this Securiry Instrument or Lender's security inter;si. Borrower shall also be in default if • L °�' _
<br />,, ' Borrower,during tt►e lonn a�plication process,gave matcriully false or inaccurate information or statements tc�Lender(or faited , ; { ''--
<br /> � • .� • to provide I.ender with any material infc�r.raation>in connection with the loan evidenced by the Nmte,including,but not limited "�f,.t�; .
<br /> '<','���•�:• to,representations cancerning 6arre�+.•er's:��cupancy of the Pmperty as a principal residence. Pf r.tr�s Security Ins�rument is cn,a ''I,�.';;;:';:;+'
<br /> �';• '.:� tensehold, Borrower shall comnly �ri�h nll the pmvisions of the Ic:ase. If Borrower acquirrs tee title to t6ae Property, the '{�� ,�
<br /> Oeasehold und the fee title sl�nil nnt mergc unlexs L.ender agreex to the me�ger in writing. �," -
<br /> � - 7.Protection of I.en�lm.r's Y21Rhts in the i'roperty.if Fiorrowcr fails to perform thc covenants and agrcements cantained in �a':�
<br /> `�' this Security Instrument, nr them is n Iegal proceeding that may signiftcantly uffect L.ender's rights in the Property(such as a
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<br /> proceeding +r.hankruptcy, probatc, for c��ndemnation or forfciturc ��r in cnforcc laws or rcgulntions), thcn Lendcr may dr nt:c3 � ,. �
<br /> a for whatever is necessary to rotect tlic vulue of the Pm r1 nnd Leniler's ri hts in the Pro rt L.ender's actions m;i .y�f
<br /> P Y P f� Y R I� Y• 5' '., ;
<br /> �ndude a in an sunt� securai b a lien which hns riorit ovcr this Sccurit Instrumcnt, p rin in court, a in �"" �
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<br /> , , reasonnble attorncys'fccs and entering on tlm Propcny to makc rcpairs. Although l,endcr may tnke action unc�er this paragraph � '�; � �; -
<br /> 7,L.enJer does not liave to do so. •� �
<br /> ���" '�;' Any nmounts disbursed by L.ettder t�r.dcr this paragraph 7 shall bccome aJditional dehr. .�.* Borro�vcr serured by this }t':�r''si.� . �; i
<br /> `' , �.���', Securiry Instrument. Unle�s&�rmwer.�nt: l.:ader ngrec to cither terms of puyment,thcxe:�moua.: x3:�11 bcar interest from the ��`f�:��;jr;,: ':�',:
<br /> ,�y��� � datc of disbursen�ent at the Note ratc aud shall hc 1�asablc, with intcrcst, upcm notirc fr�im lxnJcr t�� Bc�rrowe�rcquesting ; •� �"���'i'-
<br /> pnyment. � '
<br /> `' 8.111ortgage insurs►nre. If L,ender reyuircd mortg:+ge insurance as a conJiti�m e�f making the loan secured by this Security
<br /> • In�tntmeul, �i��rmwer shall pay the premiunu required to n�aintair. thr morigage insurance in efCect. If, for any mason, the
<br /> % . '•' ' tm�rtgAge i�;iorance coverage required by Lcndcr lapscs or r�ascs�t:, he in effect, I3orru�vcr shall pay thc prcmiums requirc�:co ,
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<br /> ohtain coveruge substanr.ial)�•equivalent to tlie mortg:�_c insur;�nre pmviously i.- c�"'e�t,at a cc�st suhstantia�lz cquivulent to the
<br /> � cost to Borrow�er of the ::�ungage insurance previous;� in effecl, frnm an alirra.i:r m��rtg�ge ir�surer a��zn�r�c:by l.ende�. Jf
<br /> ' substantially equivalcnt ntortgagc instuancc cuvcragc is nc�i :rvailah:�.Sorra�vcr.liall pay to I.cndcr cach r;�n;h a�um cqual to
<br /> ,;:��'� . one-lwclflh of the yearly mortgage incurance premiutn heing pai�'�h;. Borru�aer���lien the in,ur,�r.c;•+�vecaG:laps�tii or ceaseci to
<br /> ;��• • be in effect. �enJer will accept,use and retain thetie p:�}�incnts:�. r i.us reserve in lieu af n;��-;:;,�e ia�a:�aa.e. Lncs reserve
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