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<br /> "� r �. 1iwu�d er li+opeeq I�nrRaa. 8anowor eluU keep the improvemanta now a�dadng or ho:o�ftar arccted on ths �-� �"`` _
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<br /> :� '�; Yroperty inaured AgAinet lasa by Gra, hazarda Inclttded wIt6i0 thb tesm't�xtended ooveraga•and eny aihsr ha►z:uds,includit�g ��`-�°-
<br /> �oda or tlood�, for wht�h Lenderrequtrestneura.nca.Thls insuranwsbAtl bs mAineatnedin the amountsend Par tha parlads �:�=:;����_-�:-=-.-
<br /> � ' � thae Lead�r requ3res.Tha inst�utact�carrler providi�g the insucau.cs a6aU bo chas�n hy Bormwer aubject to IRnder's approval � ' ��°`
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<br /> ' whEch a6a11 not bo unreaaoaiblywlt6held if BonmWOr feiLs to m�{ntaia eovarage deacrlbed above�Lendes may� at Lendes's °`=�'`--
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<br /> op8oa�obtein coverage to proBECt l.ender's ri�ts 1n the Pro�erty�n escordanse wlth par�Ja eph 7. � = _
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<br /> All inaurance golIctes aud renewals sha11 bo axeptable to LendRa and shall i�s2ude a standard mostgage clause.Lendsr , , �;;y�,;-;._.�,,:.
<br /> .. ehal!havo tha r l g�t to lwld the p o t�des aadreaewals.If Lsaderrequiues,'slotrowershall promptly g tve to Lendarell receiptsof � t�: "'�"�<-:`:.�s;
<br /> � paidpremiumsandrenewalaottcea.Intheevcnta�loss�Borrowersh�llgivepromgtnoticaWtheinsurancecamterendl.ender. �
<br /> I.ender may make p:oof of loss if not made promptly by Horrower. �
<br /> UnlessLeaderendBmrowerothe:aise a,�reoin wridng, fnsuranapaaoeedssball baappliedto reatoraHonor repairof the -
<br /> Propertydamaged,if the reatoradonor repairL�eeomomisally feasible t+nd Leader's security is not lesseaed if the re�toratIoaor
<br /> repair is not eoonomically feas�bla oT Lendsr's sec�ty woWd be le+ssened,the inswance pmoeeda sLall be applIed to the sums
<br /> secured by this SecurIty Iaatr�ment,wheth�r or not then due,with any ezoess paid to Sorrower.If Borrower aband�ms the , .
<br /> Properiy.or does nat anstver within 30 days a aodre hom Lender that the insurance carrier has offered to settle a claim�tben � •
<br /> Leader may collect tha lnsurance proceeds.Lerder may use the proceedg to repaic or restare the Property or to pay eums �_,:�,;;,
<br /> secused by tmis SecurIty Iastu�eat,whet6er or not then due.The 30-day pertod will begln when�the aolice is given. u..� A i�'-
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<br /> Unless Lender and Honower otheiaise agree in wrIting, aay app�Ication of prooeeds to prindpal shall aot extend or t�-_:�.--
<br /> . post�soae tb�e due datc af the ffion�r g►ayments referred to in par�rapl�s 1 and 2 or change ihe amount af the paymeaLg.Ef -=�'`"''"�"`
<br /> ., ..,. uaderParagcaPh21 the Propertyis acquired by Lender,Horrower's right to any iesuranagolicies and proceedsresulting&om ,,.��y�;:;:`
<br /> damageto the Property prior to the acquisition shall pass to Lenderw the e�deat of the sums securedby thia Security Instrnment `�"'"`'•'�
<br /> immediately prior to the acx�uasidon. •'';:�1`�`''�u',�-
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<br /> � 6. Aocmpancy, Pe+eaervatlon,I.Vlaintenana and Protoct�on oi the Pr+oper�; Borrorrer's Loaa A o� Leaseholda � '`'�'"'����
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<br /> PY. establisb,and use the e as Borrower's rinci al residencewitLia da after the execution of '.,�,`-
<br /> ' Boaowarshall occu �P rt3' P P �Y YB � }.st�"�-�
<br /> this Security Iastrumentand shall continue to occupy the Property as Borrower's priacipal resideace for at least one year after .:�, _
<br /> the date of occuPancY, unless Leader otherwise agrees ia writing, wLich consent sball not be unreasonablywiihheld�or unleas ----
<br /> , wuenuatang circumstences exist which are beyond Bonower's controL Bonower shall not dcatroy, damage or impair the •�'� -
<br /> � Property.allow the Property to deteriorate,or commit waste aa the Propertyr.Borrower shall br in defau4t if any forfeiture �"
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<br /> �' acrion or proceeding,whetber civil or criminal,is begun that in Lender's good faith judgrr►ent could result an forfelture of ihe
<br /> �.f Prager�,r cr otheirli:e materisllyimp,vr!he liea rrratedtsy flsis Se�suir�Instrnmeatar I.ca$er's secuzity iatsr�t.Bcr.���ma; �
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<br /> ` cure such a default and reinstate,as provided in paragiraphl8, by causnug the adion or proceedingto be dismissed with a auling �, '��
<br /> r�'� that, in Lende�s good faith determination,precludes forfeiture of the Borrower's interest in the Properiy or otD�er material � �
<br /> impairmentof the lien cxeatedby t6is Security Instrumentor Lender's security interesG Bonower shall also be in default if
<br /> Aorrower,during the loan application ptocess,gave materially false or inaccurateinforma6onor statementsto Lender{or failed ���
<br /> to provIdo Lenderwith any materialinfosmationjin connectionwith theloan evidenced by the Plote,including,but not limited ;;�'
<br /> • to,representa6onsconcerning Barrower's occupancy of the Property as a principal resideace.If tLis Security Instrumentis on a �,�y �
<br /> leasehold,Bonower shall comply aith all the provisions of the lease. If Borrower acquires fee title to the Progerty, the -t�
<br /> � , leasehold and the fee title s6all not merge ualess I.ender agrees to the merger in writing. , �'a'��
<br /> �, 7. Protedion of I.ender's Rights in We Progeety. If Bonowerfails toperformthe covenantsandagreementscontaincdin '.: ,�;�`,,.
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<br /> ' • this Security Instrument,or there is a legal proceeding that may significantly affect Lender's rights in the Property(such as a '"�;���;��' �►.
<br /> �.�>,•,,�►.
<br /> '•;;�',�. proceeding in bankruptry,probate,for condemnationor forfeiture or to enforce laws or regulations),then Lender may do and � .,"���:�;,���' r`
<br /> pay for whatever is necessary to protect We value of the Property amd Lender's rights in the Property.Lender's actions may ;9f,,. •:'"�
<br /> � include paying any sums secured by a lien wUich 6as priority over this Security Instrument,appearing in court, payiag • '
<br /> � reasonableattorneys'fees and entering on the Propertyto make repairs.Althougt►Lendermay take adion under this paragraph
<br /> 7,Lender does not have to da so. �
<br /> Any amouats disbursed by Lender uader this paragraph 7 shall become addidonal debt of Bonower secured by this � ,
<br /> Security Instrumeat.Unless Bonower and l,ender agree to other terms of payment,these amounts shall bear iaterest from the , .._
<br /> date of disbursement at the Note rate and shall be payable, with interest,upon notice from I.eader to Borrower requesting •
<br /> , payment.
<br /> 8. Morfgage Inauraace.If Lender required mortgageinsurance as a condidon of making the loan securedby t6is Security
<br /> lnstrument,Bonower shall pay the premiums required to maintain the mortgage insurance in effed. If, for any reason,the
<br /> mortgage insurance coverage requisred by Lender lapses or ceases to be in effect,Borrower s�all pay the premiums requiret!to ,
<br /> obtain coverage substantially equivalent to the mortgage insurance previously in effect, at a cost substantially equivalent to the
<br /> cost to Borrower of the mortgage inswance previously in effect, from an altematemortgage insurer approved by Lender.If
<br /> substantially equivalent mortgagc insurance coverage is aot available, Borrower s6all pay to Lender each moath a sum equal to
<br /> ' one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the inswance coverage Iapsed or ceased to
<br /> be in effect.l.enderwill ac�ept,use aad retain these paymeats as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> Form 3028�190
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