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<br /> �_ ,____°__"� S. H�rd or Pro�oerty It�flt1'atice. Borrower shal� ke�p tHe imnrov�nenta now exisiing nr herFafter ercctcxl ot1 ihC
<br /> — —, Pmperty insumd agninst loss by tirc,hsaards include� tivlthin the term "extended cavcmge" and any other hazarda, incbufing
<br /> itaods ar flooding.for whtch t.cnder mquire�insuranoe.Thi�insurance s�aull be mnininined in the amounta nnd for thv perfod3
<br /> thlt Lcnder requifes. The insumnce cnrder provid3ng the insumnce�hall be chosen by Borrower subject to i.ender's npprova!
<br /> —..—_
<br /> which shall not be unreasonnbly wlthheld. If Borrower fails to msinwln covernge describeA ubove. i.ender may.at Lender's
<br /> �_�-•=�-�°� option,o6u►in covem�e to pmtect[xnder's rlghts in the Property in Accordance with parugraph . --
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<br /> A!t insurattce policies nnd renewals shall be ucceptable to l�ender and shnll inctudc n standard mortgase clause. I.ender `
<br /> --- shall have th�dght to hold the pultcies and eenewals.!�I.ender requires. liorrower shaii pmmptiy give to i.ender ali receipia of °
<br /> =_- paid premiums urtd�enew�l notices.In the event of loss.Borrower shall give prompt notice to the insuranoo curtier and Lender.
<br /> _._,�,���{— Lender muy make proaf af loss if not made promptly by 8orrower.
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<br /> .-.`-�;,•,.�: _, i� Unless Lender and�orrowcr otherwise agree in writing. Insurnnce pro�eeds shnil be npplted to restoration or repair o e
<br /> -;"`�''`'.�'�;s?' Pmperty dumnged,lf the tpstoration or repair is eoonomicxilly feasible and Lender's securlty is not lessened.If the reswratIon ar
<br /> :':;<<+'�'�r�� r�epair is nat eronomically feasible or I.ender's secudty woutd be lessened.the inaurnnce proceeds shull be applied to the sums `
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<br /> �, . ;••.�� secured by this Secueity Instniment. whether or not then due, with any excess pald to Borrower. If Borrower abandons the
<br /> " � �roperty,or does not answer within 30 days a notice from L.ender thnt the insurance carrier has offer+ed to settte a claim. then
<br /> • °� � � �� Lender may col�oci che nnsurance procoeds. Lertder en.�,y use the proceads ta repair or restore the Prope�r or to�ay suzns
<br /> �� sacur+od by ahis Svcu�ity II�stn�nnent,wteet�eer ar no¢the►�due.The 3Q�day period will begin wk�en etr.e�eoteee is giwen. --
<br /> • � Nnless l.eader aad Bflmower olQeerv.ise agree in writi¢►,�. any application of prooeads to priacipal shalfl aot exte�z�9 or __
<br /> = pastparee the d�e date o�the cnanthly payments mferrod to in�aragraphs 1 and 2 or change ttee a�reount ek'tihe paym�nvs. !f �__
<br /> ander paragraph 21 t�e P'enperty is acquired by l.emder, Horrower's right W any insurartce policees and�rrv�cil��resulting ft�m
<br /> damage to¢1ke Property p�n'ior to the acquisition shall pass to I.etta�r gc►the extent of the sums seceered by this SrcurIty Insttu�uent _
<br /> immediately prior to che acquisition. -
<br /> 6.Oecupancy,Preservatlon,llfai�4enance and Protectioa of 2B�e PropertJ;Borrower's Il.oan Appticatton;Leaseholds.
<br /> @orrower shall occupy,establish,and use the Property tts Borrower's principal residence within sixty days aE¢er the execuqon of =
<br /> ` this Security Instrument�and shall rnntinue to occupy the Properiy as Borrower".}*:incipal residence for at leu��t one yEar after
<br /> , • the date of occupancy,unles� Lend�r�thenvise agrees in writing, which consene.hall not be unreasonably�ti�ichheld.or unless
<br /> . extenuating co�eumstances exist which am beyond Borrower's control. Borro�ver shall not destroy, damege or impair the
<br /> ' Property, a�E�*.� ehe Pro}aerty to deteriorate, or mmmit waste on the Property. Borrower shall be in default if any forfeitare
<br /> action or prucee�img, whczher civil or criminal, is begun that in Lendar's gaod falth judgment could result I�forfeitum of the
<br /> _ , _ ___ Pranerty or athera•i��mRTCria11y impair the lien created by this Securiry Tastrument or I.ender's security inte�rest. Borruwer may ' __
<br /> cure such a default timd re�actate,as provided in paragraph IS.by causing the action or proa�ding to be dixrnissed with a ruling -
<br /> � �� ' that, in Leader's good�'aith detertnination, precludes forfeiture wf rhe Borrower's interest in ahe F'roperty or other material =—
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<br /> . impairment of the lien created by this Security Instrument or Lec�.'.tir's security interest. Bon,�wer shali elso be in default if _-----�
<br /> Borrower,during the Ion�application pmcess,gave ma4eriaUy faise or inaccurate information or statemenis to I.ender(or failed ;�.;�,�;,=
<br /> , to provide I.ender with au�y material inforniation)in conmection with the loan evidenced by the Note,including, but not limitsd s�;r<'��'�
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<br />. � to.representations concerrning Bonower's occupancy of the Propeny as a principal residcnce. If this Security Instrument is on a �frt�+.�.�e�"„
<br /> � � leusehold. Barmwer sha11 cornply with all the provisions of the tease. If Borrower acquires fee title to the Property. the ....e�7
<br /> ., teasebold and tha fce title shal!not mergc unless Lender agrees to tfi�e merger in writing. -^
<br /> . 7.Protection of I.ender's Rights in the Property. If Bonower fnils to perform the rnve.nants and agreements rnntained in � .-
<br /> this Security Instrumen4 or there iy a Iegul pruceeding that may tiignificantiy affect Lender's rights in the Praperty(such as a
<br /> proceecfing in bankruptcy,probate. for condemnation or Corl'eiwrc or to enforce I�v�,or regulations), then Lender may do and , .
<br /> pay for whatever is necessary to pmtect thc value of the Propeny and L.ender's �ogfits in the Propeny. Lender's actions may
<br /> include payin� any sums secured by a lien which has prioriry over thiti Security Instrum�eLnt, appearing in court, paying '
<br /> � ' • reasonable attorneys' fecs and entering nn the Property to make repairs. Althou=h �.ender nt:e�. e�:l•e action under this paragraph �
<br /> 7,L.ender does not huve to do so. '
<br /> .�� '' ' Any amounts disbursed by l.ender urider thi.paragraph 7 shall becart:r .�dditionsl debt of Borrow�e� .ecured by this ;�
<br /> ' ' Security lnstrument. Unless Borrower and I..a:nder agree t��uther tcrnis of payment,thc.e amounts shall bear interest f��m the
<br /> date��f dishunement al the Note rate anJ �hall be pay:�blr. with interc.t, up�m notice fmm Lcnder to Borma�er re�ae�:iag � °
<br /> " payment.
<br /> 8. biortgage Insurance. If Lrnder rcyuir�tl mungagc inwranre s�a rond�¢���n<�f making thc loan secured by this Stcucity �•
<br /> In,trumen[. Borrower�hall pa�• the premium. rc�uircci tn maintain the mort�a,�4 msuracme in effect. if, for any rea.�n, the x�`
<br /> . mongage insurance coeerage reyuircti b�� L�nder lap�e. ��r rea.cti tc�he in eff'ect. &�rrower,hall pa�• the premiums required to •.
<br /> obtain cu�•c:rage xubstantially eyui�•alent to thr murtgagc imu�ance pre��iou�ly in effctit,at a���,i tiub�tantially equivalern :��the , ���
<br /> ' cou to Borrower of thc mortgagr in.ursnre pm�•iou�ly in eff�tit, from an altrmatr mun�sa�� �^+urer apprrved by Lender. If .
<br /> wbstantially eyui�alent rnongage in.urance c����er:�ge i. nut a�ailahle.&�rcuaer.hull pa��t�� Len��r e:trh n;rnth a wm eyual tu
<br /> one-twclftli of the yead�� mortgage insuranre premium hcing paid b� &�rru��er When the inwrance rovcrag:;ap�eci ar cea,cxi t��
<br />, • he in effect. Lender a•ill scrcpt.use and retain the�e payment+a, a lo.. re.en�e in lieu oF TC:.'GS}'•3Ll` in.ursnre. Lo.� rr,en•e
<br /> .�r:� • Form 3023 9i90 � ,
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