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<br /> �w�'•"P"""�'"'F'""� S. Hnznrd or �ro�erty Insurunce. Borrower shull keep the improvements ��'Exfsting an c�reafter erected on the � �•"����'�-'m�-�=�=-
<br /> � .:•�S`ti�"•.�..�. � • ���`��t—�-:�_��..
<br /> ?°"�i'°��'�"�`.� Propecty insumd against loss by fire,hc�zzards inctuded within the term "extended coverage' and any other hazards. including
<br /> ;:-r:;j:?�;4�{�,`��4; fla�ads ar fl�Uding.for whlch I.ender re�uires insurance.Tl�ix insurance shall be mainta[ned ln the nmounts und for the pericxis �� .�-��-
<br /> �`'`'""` '' .-'•'� thut L.ender requirew. The insurunce currier providing the insurance shall be chosen by Borrower subject to Lender'�approval '�'- 'Y�' :
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<br /> .��� ��� • which shull not be unrea.4onably wfthheld. If Barrower faiis to maintain cavera�e described ubave, Lender may,at I.cnder's , , .�-
<br /> �-�-''°�'•'�"° option,obtain wverage to pmtect I.ender's riIIhts In the Pmperty in uccordance wtth para�ruph 7. •': "���•�.�___ �
<br /> AU tnsurance policIes and renewals sha11 be acceptable to Lender and shati include a standard mottgage clause. Lender --
<br /> _ ,,,� ,;,,��- � shall huve the dght to hold the policies and renewats.If Lender requires,Borrawer shnll pramptly give to L.ender all receipts of . � „f�,�,�°
<br /> ;` � '��;r} puid premiums�u�J ranewal nuii�;cs. Iu q►e c�c�it ui iu�s,Burruwer sbafl�jve prampt notice to the insurancc carricr and L.endcr. -_- """'.
<br /> �.� L�ndcr may mukc proof of loss if n�t made promptly by Bornawer. ,,
<br /> • Unless i.endet and Borrower otherwise a�ree in writing, insurance praceeds shall be applied to restoration or repair of the '
<br /> �� � Pa�operty damaged.if the restoration or repair is economically feasible and I.ender's security is not lessened.If the restoration or �'
<br /> rep�ir is not economict�lty feasibte ar I.snder's security wauld be lessened,the insurance ptoceeds shall be applied to the sums '''° -
<br /> , �' . : • secured by thls Security Instrument, whether or not then due, with any excess paid to Aorrawer. If Borrower abandons the {' ,:£�;�;��,
<br /> �'. Property,or does not ans�er within 30 days a notice from Lender thut the insurunce carrier has offered to settle a claim,then + ���.z:.0�
<br /> • , l.ender may collect the insurance proceeds. I.ender may use the procceds to repair or restore the Property or to pay sums .'• .;; . �,
<br /> � ��,. .r'.a,,,�-o•nn1 v..s.��i
<br /> ' „ secured by this Security Instrument, whether or not then due.The 30-day period will begin when the natice is given. . .u�
<br /> � ? Unless I.ender attd Borrower otherwise agree in writing, any application of proceeds to principal s3�a11 not extend or ;j; " ���'=-""�-�-
<br /> . .� • postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or chan�e the amount af the payments. If ° '�'�6�=_��
<br /> ; . under pAragcaph 21 the Property is acquired by I.ender. Borrower's right to any insun►nce pulicies and proceeds resutting from - . ,��:�`�_-- -•
<br /> ' damage to the Property prior to the acquisition sh�tl pass to LenJer to the extent of the sums secured by this Security Instrument _- _
<br /> :''��i�"� . . . ---
<br /> � immed�ately prior to thc acquisition. , "'�'".�;;::_.
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<br /> „ 6.Occ�e�ncy,Preservatton.Maintenance and Protection of the Progerty;Borrower s Loan Appl(eation;Leasehoidc. L"„"�,;�;�:_.-
<br /> � Borrower shull occupy,establish,and use the Propeny as Borrower's principal residence within stxty days after the execution of «=�"'T'-_�"
<br /> this Security Instrument and shall continue to occupy the Property as B�rrower's principal residence for at least one year after ��`�'���
<br /> ° .� the date of occupancy, unless Ixnder otherwise agrees in writing, which consent shnit not bc unreasonably withheld, or unless _ "��,r
<br /> extenuating circumstances exist which are beyond Borrower's control. Bonower shall not destroy, dan:age or impair the „ � -•�___
<br /> � Property.allow the Praperty to deteriorate, or commit waste on the Property. Borrower shaU be in defautt if any forfeiture ' . ';°�°"�_°-
<br /> � �� �����:� action or rocee�in whether civil or rriminal, is be un that in Lender's ood faith'ud ment could resutt in forfeiture af the ��- -
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<br /> , •.., �''�,.. Property or otherwise rnaterially impair the lien created by this Security Instrument or Lender's security intereu. Horrower may ' ''�"
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<br /> , `` ` ° cure su.li a d�fautt and r�instatc.as providcd in paragraph 13.by c;,using the action as pracees3ing to be disn:i�.�ed with a nsling ``�
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<br /> . that, in Lendcr's good�faith determinution, precludes forfeiture of the Borrower's interest in the Property or other materiai
<br /> �•� �f impairment of the lien created by this Security Instrument or L.ender's security interest. Borrower shall also be in default if „ �
<br /> �'� � Botcower,during the loan application process,gave materially false or inaccurate information or statements to I.ender(or failed � �"'����
<br /> ' to rovide Lender with an materiul information)in connectinn with the loan evidenced b the Note,includin ,but not limited ' ���?''• . '
<br /> . , p Y Y 6 ,':a '
<br /> • to,representations concerning Borrower's accupancy of the Property us u principal residence. If this Security Instrument i�on a � ,.,
<br /> leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Property, the - �'''
<br /> leasehold and the fce tide shall not merge untess Lender agrees to the merger in writin�.
<br /> � , ...�. 7. Protectton off I,ender's Rightg tn the Property.If$orrower fails to perform the covenunts and agreemcnts contained in "� •
<br /> .',,;�
<br /> this Security Instrument,or there is a legal proceeding that may signi2icantly affect Lender's rights in the Property (such as a , „
<br /> . prceeeding in bnnkruptcy,probate, for condemnntion or forfciture or to enforce luws or regulation�), then Lender may do and � : �,y�� ;�•
<br /> " ��:��:�'' a for whatever is necessa to raect the value of the Pro rt and L.ender's ri hts in the Pro crt L.ender's actians ma h'�
<br /> P Y tY P Pe Y g P Y• y .:
<br /> . ittclude paying any sums secured by a lien which ha� priority over this Security In�trument, appearin� in court, paying .,,4�,.�'-e
<br /> � �,�; `� reasonable attorneys' fecs and entering on the Propeny to make repairs. Although Lender may tuke action under this paragraph ,f�""•:��
<br /> . � - � �t��;�'�.�1 ,. '
<br /> �•� 7,LencQer does not huve to do so. . ���% _-
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<br /> Any amounts disbursed by Lender under this paragraph 7 �hall bec��me additional debt of Sorrower secured by thi� :�� • Pcr
<br /> Security Tnstrument. Unless Borrower and Lender agree to othcr terrns of payment, thesc amounts shall Ixar interest from the =
<br /> ' , � date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to $orrower requesting � . _ __-
<br /> ' . „ Payment. ,. �:r:.�=`
<br /> 8. Mortgage Insutance. lf Lendcr required mortgage insurance as a conditian of making the loan secured by this Security ( � '
<br /> � � Instrument. Borcow,;r shall pay the premiums requirecf to maint��in the mortgage insurance in effect. If, foran��reason, the ( ��"
<br /> '' � " mortga�e insurance coverage reyuired by L.ender lapses or cease�to be in effect, Borrower shall pay the premiurnc requireJ ta �
<br /> �' obtain coverage substantially equivalent to the mortgage intiurance previnusly in effect, at a cost substantiall}•equivalent to the ,-'-jt
<br /> . .,��,
<br /> cc►st to Borrower of the mortgage insurance previously in effcct, from an:�Iternatc mongage inxurcr appr�ved by I.ender. If �.„!,
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<br /> substantially equivalent mortgage insurunce covcrage is not avaitable.Borcawer tihull pay ta Ixnder cuch nx�nth u sum equul to ,{p,;
<br /> one-twelfth of the yearly mortgage incurance premium being paid hy &�rrawer when the insurance coverage lap�ed or ceased to � . �
<br /> , be in efffect. Lender will accept, use and retain these p�yments as a lo.s re�en•e in lieu �it mongage in�urance. Loss reserve � •� •
<br /> Form 3028 9I90 � •�.�': .
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