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<br /> �� 5:I�sa�ard ar �°rapeg4y Yusur•utce.Bomawer shali keep ti� imgmvements naw egisting or hereaftes erec��.on tt�. . - - - -
<br />= Pmpert3+iasnr�a�ains�toss by fi�.baztud.s incl�aded wit63n the term'"extended coverage°and arry ather h$mYds, iacluding
<br />� ` � � ;f�aods vr f�oodin�.for whicri Leader requizzs insuraRce.Tltis insnrance shail be mainqined in the amoonts aad for tQe petiods _
<br />_� _ � �t_. � that Lender rzquites.The iusurance c�rrter pmvtding the insutance shall 6e eimsen 6y Bormwer subject to�fe.tnder's aFprova!' _ -,---_-,-----
<br />°3:. which s6aU uot be c�nreasonably withhe[d.If Borrower faits to mainrain ooveiage describea a6ove. Lender may.at Lend+er's __
<br /> >�_�.:•,:;�;.;;� nption.o6taia ooverage W�mteci I.endes's rigt►ts in the Property in accondans�witb patag�aph 7. �.�.- _
<br /> . . �~ . r �L`: ' AIl i��,*��cg o2icies and reaewals shall be aooeptabie to i,ender and shaA inciude a standard mortgage cfause. Lend�r �-� �� ==:-
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<br /> ' �`;`' :�Y`>. � ; shall I�ave the ri t to hold the policies and renewals.tf Y.ender�quires,Borrower shalt Pm y Sive to Lertder all re¢ei ts oi, s�-�-;�
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<br /> _ �` �'�' • ' - paid premiums and renewal notices.In the evetrt of toss,Ho�rower shall give prompt nouce to the insurance carrier an�d LendQt. z :- �xm�`-�_— --
<br /> ` � � I.ender inay naake pmo€of iass if aot mad�promptty by$orrawer. . = ., w _
<br /> �, ,� E � Unless L.ender aad Barrawer oiherwise agree in weiting.insurancc pmceeds sha11 be applied to�storatian or repais of the - _
<br /> �� " - £�� PropeRy�amaged,iY ti�e resioratioa or re�aiz is ecosmmtcalIy feasibte and I.ender`s security,is not iessened.I€ti;e restoraiio�a ar ; ,,� �- -.-
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<br /> �i.'� _.,``-� r. , `��/• tepais is t�ot eca�o�i�eally feasibie or I�tdes's se�auity.vmniQ!se les�euc:d,tf�ee insur�ce proceeds shall he a�spfied to ihe sums .� �_ .-
<br /> _ ':``��` - 5 ' secared �tcuri Instrumens,w6ethes as uot�t�e�due,wiih.an excess tn Eomnwer. If Boreuvrer abaud,o�t,Pu: '_ •-�j- '.''--
<br /> _� ��- � Y � .: � — _
<br /> �� Property,o;;�s.a�d:��'widssn 3U days a motice fYO�Lend�.��G'.tbe iasivanpe casiier E�s offered ta�#Te a�;;t�`. ,,,�, -�
<br /> rooeeds. I,e�der ma use ��.r r4`k
<br /> ;i �F i"''::;;:•;` ' � t�tdet t��:��•:� °��.��'-,�e P Y �`r��.��;iti�ir_or resEflze ifie L�gertg�.vr ev ��sa..~�•: :�,s; , ---
<br /> , s r� ` �ia'��y�tis�e�irity��nt;whetl�er or not then due '�a 3�����d�xL G�giit w5en the auti�is g�av�a:::',": ' ' � �:��f�F,. ° -_
<br /> ; �{; v • -�,�s 3�sr aad Bonower otheawise.�aree in.w-ntu� �r.��c.,�:dX�:;azoc�ads to grirn�at sFial�'not eater��•: � ` k� ``� � �
<br /> ��il .'�`" po�oue`:-the�date of the monthly P�lrc��s refer�to�n pai-,�,�:LS 1 and 2�or c�auge the amnaat of the paYments- Yf -
<br /> ��h.wsa�rs�� , , ---
<br /> °-j�/�, �'rrA;",,,, niuder par�:;.h`2t the Froperty is acqvued by Lernier Bomnwcr's right to any insurance policies and pr+oceeds resulting from - -
<br />�'V i��.-.�..: �����'l:.F� . s ._.. _
<br /> , , ,,,: , damage to the Property prior to the acquisition sba11 pass to I.ender to the eatent of the sums secured by this Security Instrument >'
<br /> . �: '. immediatety prio;to the acquisitioa. { ��"_---
<br /> �, 6.Oavpaacy,Presgrvatfoa.l�ieintenaaoe and Pcote�lon o�the Propeety;Borrower's Loan AppEtw41o9;I.easets�Sds. �t � ;
<br /> _: ,... . ;..y. - -
<br /> -•- � � � �� � �ormwer shali ascu establish.and use the Pro ert as Barrower's rinci al residence within sia da s after the execution uf .�_
<br /> . . ...:aF.. ... . �Y• _ . . . _ P Y P P tY Y �'--` �_-,
<br /> . this Security Instrument artd shall continua to oocupy the ProQeny as Borrower's principal residence far et leasf one yevr atfer � ��-�='m`"-
<br />" the date of occupancy.unless Lender athenvise agrces in writing, which consent shall nnt bq unrea.sona6ly withheld.ot unlees � -__
<br /> . •�� extenuating circumstaacas exist which aze beyond Borrower's wntrol. Barrowcr shall not d�stmy, damage n: impair �he '' ==
<br /> �� '� ' � Property.allow the Praperty,at,o deteriorate. or rnmmit waste an thc Praperty. Bnnower shall bc in default if uny farfeitura ' . �3�'.::,�� -
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<br /> . action or proccedins,whethe�civil or crimirwl. is begun that in Lender's gaod f�ith judgmrnt rnuld result in forfeitute af the " - _
<br /> `�l�'.. .. � ; ' . Property or otherwise materially impair the lien created by this Security Tnstrumem ar t.cndcr's sccurity intcrest.Borrower may i " �.���_-
<br /> , cure sach a default and reinstate.as ptovided in pardgraph l8.by cautiing the actian or procceding tu be dism'sssed with a mling ; . .
<br /> � ' .. - tha� in Lender's good taith determimdidn; pmcludes forfeiture of the Borrower's interest in the Property or other material t �-• ' ' � •.
<br /> � -' � impaim►ent of the lien'created by thfs Secua�iry instrument or Leader's security intcrest. Borrower shall also be in default it � '° •�
<br /> �� �:: �:
<br /> Borrower.during the Ioan applicatian process.gave materially false os inaccurate information or statements to Lender(or faileA r� ,
<br /> to provide Lender with any material information)in connection with the loan evideaced by the Note,including,but not limited ' .nr�f •'_` �''°;�
<br /> � � to,representations oonceming Borrower's occupancy of the Property as a principal residence. !f this Security instrument is on a _ t � ���;''=
<br /> ' ' � leasehold. �urrower shall comply with alt the provisions of the lease. If Borrower acquires fee title to,the Property, the ; �"�:��- �.`:
<br /> ' '��"�'- �- -"-�. leasehoid and the fee titte shal[nbt rnerge unless Lender agrees to the merger in wriUng. �- -�-,:.-�'''''' •�- ��-
<br /> �y �. �:%,�: 7.P�m�¢iac�ob'Lt�d¢r's Rig�s it�th¢Plroperty.If Borrower fails ta perform the covenants and agreemeaGq cont3inea�in 5"; ;``��'`i'�,s''
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<br /> � ;•��'��'f�� �[zis S�urit}•ytswe�ent,or there is a legal proceeding that may significantly affect Lender s rig�ts in the Property (saeh��3� �;, '�,�r>���':,`,�t,��;;;:
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<br /> ;5~:���r' . - proceeding i:r bantcruptCy, prol�ate,for candemnation or forfeiture or to enfor�i�us or rega}�i�ns),then L�,itr may da a�S } " ''�j;^:'".� ::'i�t;��� '�-
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<br /> � ' '��, � pay for whatever is necess�ny to pcutect the velue of the Property and l.ender.'s e���s in,e��e P;arerty: I�r�.a�'s actio:ss try . • �S'��;,� �,��::7�` sy� . __
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<br /> ::, �',�z�';;�;; : include a•�9 an su�s secused 6y a lien which ha5 riori oyer this Secarii Insirumen., a earin in court. a^ . Y; ;.,�'�';;:.,�• .�-�
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<br /> :��'�3;�":`.�. reaconable 3:�cneys'f�s�:���:�s�the Property to make repa;�s. �dthough L.ender rnay zaEce aetion under this par��z . ,,�;'.�.` `.` . . '.:•�.'.,;+�'��?,,�:,;�-
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<br /> '� 7.Lender does not ha�e us-�.i so.. . � . ,j:
<br /> ",;,;`�ti .;,y'', �.;: ' Any amourts �ssb��"�by l.ender under this paragraph 7 s��;l �azc�o-:ne zdditional debt af Borrower secured 6r tSlis , i;�, , � "`�-
<br /> �' _ Security lnstr;cr-.�rz,r;>zr�s Borrower and Lender agree to other ter^-s c;:$a�:�:z�:,.these amounts shall bear interest fron the '• � -
<br /> �;;, ° ,', date of d"a�lsir�r•t at the Note rate and shall be payablc. with int�-est. upon notice from Lender tu Borrower rea,:�e.U�r.� -: , - :.��;;;�`r
<br /> Ft... . payment_ ' . ' �_-
<br /> S.S�H;,u�ra;e Insuratnce.If Lender required rtmrtgage insurance as a candition of ma4ing the loan secured hy this S�;�rn7� , • � " =
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<br /> �'�,,.,. • ; ��R�:tct:n.vmt.•8orrower shall pay the premiums required to maintain ihe martgage insurance in effect. It! fc�*��y reason, th: �: . _
<br /> _ ��� ' - .. . •.r�a:,s:�:�e��rrgnce coverage required by Lender lapses or ceases to be in effeci.Barrower shall pay tbe yr�t-ms required to• . t;?.'•�: '��, ;.'
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<br /> � abtaia�x_�r�re�e substantially oquivalent to the mo»gage insurance previously in effect,at a cost substentially equivalentto ths �x.,..,:. . � y;_;;��:;;,;;, � :f�
<br /> • • • cost to�;�ra�xcr of the mori a e insurance reviousl in effect, from an alternate mort iersorer a roved b Len�er. �f � !'`;;;'�:" :� :`'t��"S�l;:,"- �
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<br /> • �. substantias.y ecNivalent mortgage insurance covcrage is not available.Borcower shall pay ta i.�'er each month a sum eqr,al t8 , ' jr':i. •� ;�'•ti'�••:
<br /> - � � •• one-tweifth of the yearly mortgage insurance premium 6eing paid by Borrower u�.",,.�n the insura�ce coversge lapsed os cea.s�a!w,'. �'�'� � � ' � � �
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<br />_ ;:• . .:;.�.; .;..,,, be in effect.Lender will accept,use and retain these payments ac a loss rescrve in,lieu of mortga�e insu-4�. Loss rctierv� . ;��� " , . � �:
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