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<br /> ' -�°..:---<...� . S. �$ar�sd or���ty Insnrzase:Boseawer shail keep ttie improvements now�ag ar t�e�ier ere�ed on ttte ��'L.�:
<br /> `�.����..:'-�_"; , �• Progerty insured.egaia�st loss 6y fise.harards inciu��within d�e term°extendad caveaage" and any other hazatds.in�[udin� �=�
<br /> t�5.`. . �° floads or ftaading.for tvf�ich Lander re�uires insuraace..l7iis insurance shaU be maintaiaed in the amounu aztd fos t��eriods ,�Fw,�:
<br /> �::..,. °. ,:: that Lender�aires.The inswance carrier pruvidiog the insuranc�shalt 6e chosen by Bomo�er sisbjert to Leader's a�pmval ��� -
<br /> �" `,,` , -
<br /> _�.3i'�-.k_.=<i x�< av}�ic4i s5a11 not 6e unteasonably writhhefd. I�Borrower fails to maintain coverage described a6ave. I ender may. ac Leader's =_--_
<br /> ' «r ��" tiort.o5tain crovera e to rotect ixhdes's ri ts in tLe Pmpstry in aeooidance with paragraFh 7. �
<br /> •;:.�,;� � Al1 insaranre policies asid r�ne�vals shal�bc arceptabteYO L�nder and shall inctude a standard mortgage clause. Lender ��-_'�`.-.._,—:-
<br /> - s�all have the right to hold the policies astd renewats. If Lender requires.Eorrower shall pnnmpt�y give to Lender alt receipts of '=:--�-
<br /> - ,� p�id premiums.and tenewal noiices.In the event of,Ioss.Borrower shall give prompt natice tathe insur�nce rarrier and LenAer. �'--:
<br /> ' ' L e r cder ma y maice pmof of Ioss if aot made promptiy hy Borrower. �
<br /> .�,� -�
<br /> � Un[ess Leader and Borrower otherwi�e agree in writing,insurance p ro c e e d s s h a 1 1 6e app ii e d w res to i a rion o r r e p a i r o f t h e =- _ .
<br />.<-�'_�.,�•< ��•� � pmperty dasnage�.if the rEStoration�or mpair is econamically feasi6le and Lender's security is not lessened.If tlie reswrarion or __
<br /> =��"... .. , • . repair is nat�oaomirally feasib2e or L.ender's security wautd f�isssened.the iasaran�e proc�eds shall be apptie�to the sums
<br /> • '' sectued by this Security Lnstnunent.wtiether or not then dne, arith any eacccs paid to Borrower. If Bormwer abandoas the
<br /> •_'�� .. ,.' ` "• ",`` praperty.or daes not answer witlun 30 days a aotice frnm Lender that the i�m�an�carrier has offered io seute a ciaim,then
<br /> t� `' , • ,=��`��`� Lender may rnlled the iasurance proozeds. Yxader may nse the proceeds to repair n;restore the Property or to Qay suras
<br /> , ; '�•,` :.
<br />�..•x..,, �,-, � � se�d by[his 3ecurity Insaument,a,hecher or rtat ti�n dae.Tbe 3Q-day periad w�l6egin w�ea the aotise is given.
<br /> -'-�'� . . ' '�.•` Unless Len�er and Hormwer othecwise agne in writing. aa►Y aPP�on of proceeds to princlpal shall nat ext�ad or —
<br /> =�:=L•�.� `�:�,•• ." postQoae the due date of the montUly payments rcferre8 to in pa4agraphs U and 2 or change the amount af the payatents• If
<br /> nnder Paragrapf}21 the Property is aac��quired by Lender.Borrower's right m amy iasuraace policies aad proceeds�esaltin�froa►
<br /> .'"���: . ,�:�:�::� ., � damageto the Pcoperty prior to the acqaisition shal!pass to l.ender to the e�aem of the svns secured by 4his Security Insmuuent =
<br /> :��.�,. .'� .•, imme�i2tety prior to the acquisidon. ' —
<br /> ,',:._�. . . • 6.Oaugancy,Pre�rvatFon,Maintenaac�ana Prntect�on o8 We Progeety;Borrawei's�an�pllcatFoa;l.e�hflld:s. .
<br /> •�=f - ,:<-�;�`'--, Barro�rer shall aocupy.establish,and use the Propercy as Bomoaer's principal reside�wiWin sixty days after ihe execuiian of
<br /> . ,�.;,�.',.,,�:�;�
<br /> � �,; this�SVrity Iastrument and shall contimie to occupy the Froperty as Borrower's pri�..f�r�l residence for ai least ane year afrer
<br /> .: •:F�i'• .� .
<br /> the�of occupancy.unless Lender othera�e agees in writing, wluch consent shalI,rmz be unmaso�Uly withheId.or onless
<br /> a
<br /> � , .�, ' . ' extewating circumstances exist which are bey�ond Barro�ver's conaol. Eorrower shall not destmy. damage ar impabr the —
<br /> �.- -_` _,.._. .:__ Prape:ty.allua We Propeny to deterioiate, or commit waste on the Property. Borrower shall be in default if�y forfeioa�
<br /> �� . � actiQ�or proceeding.whether civil or criminal. is begun that in Lender's good faith judgNent could result in forfeituri af die
<br /> . ProgeFCy or otherwise materially impair the lien created by this Security Insuument or L,eRder's secvrity interest-�urruwer may
<br /> . • � • cnre such a default and reinstate.as prnvided in paragaph 18.6y causing the action or�aceeding to 6�disaiis..�w��►a ruliu$
<br /> •;'.. ,• .,;:` � that, in Lender's good faith detemtination,ptecludes forfeitune of the Bor.rower's iuteresc in tl�e Property or oth�r m�stal
<br /> , •'' . : . ' . impaimtent of the liea created by this Securit� Iastrument or I.ender's securiry interest. Borrower shall also be in default,if '
<br /> , Sorrower,during the loan application process.�ave materially false oz inaccurate infora�ation ar statements to Lender(ot fa�ed
<br />_ �.. • • to pmvide Lender with arry mateaaa!information)in cormeccinn with the loan e+ndea�i:rt the Note,inciading,b�tr,1.limifed'
<br /> '.. ' • . to, re�esentaYions conceming Sorrower's occupancy of the Ft�operry as a principal r�i��-.�x.If this Security]nstr�rr[r�t is on a _
<br /> ' • leasehotd. Borrower shall comply with alt the provisions of the lease. E€Bosowert acquires fee title to the Pr6perty.the .
<br />' leasehold sind the fee title shall not merge unless Lender agrees to�Te mer�,�r in writing. _
<br /> II
<br />- � � ' 7.Frotect�on of Leuder's Rights in the P�nperty.If 8arrower fails to perform the covenants and agreements cuntained in ' _
<br /> • , . ° this Security Instrument,or there is a legal proceeding thar zrray significantty affect I.eeder's rights in.the Praperty(such as a ---
<br /> - � , ._ - procerding in bankruptcy.probate.for condemnaaon or forfeiture or tu enforce laws or regulapons).then Lender may do and
<br /> _ � • � , pay for�vhatever is necessary to protect the valuc of the Property and Lender's rights in the Property. Lender's actions raay
<br /> � inclade paying�any sums secured by a liea 4vhich has priority oves this Security Insuument. appearing in caurt, paying a
<br /> �=�•..= . �.
<br /> _i ',, � reasonable attameys'fees and entering on the P�operty to make repairs. Although Lender may take action nnder this paragraph _
<br /> .`�' �';�"= , `'`�# •• 7.Lender does not have to do so.
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<br /> -;- � •;;•::f�«;;�.�,,j�y, , Any amounts disbursed by Lender under this paragraph 7 shall 6ecume additiutt:z� debt of Barrower se�;s�'d by this —
<br /> `•�� ;:1 Security Instrument.Unless Borrower and Lender a�ne to other terms of nayment. these amounu shall6ear irxas.KC from ttie e
<br /> .� date of disbursement at the Note rate and shap be payahte. with inter�t. upon notice from Lender to Borrow��r•reque$ting ��:
<br />� � ,. . . PaYment. , ty�:-��
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<br /> — � 8.Mortga�,e Insnrance.lf Lender required mangage insurance as a condition of making the taan secared ts;tftis Se�vrity �u,
<br /> ''-���'� (nstwnent. Borrower shall pay the premiurru required to maintain the mortgage insurance in effect. If, for�uy �s�son,.the .�,u
<br /> �� { �' ' ' � mortgage insutance coverage required bX Lender tapses or oeases ta be in effect.Borrower shall pay the premius�y cequired to '�"+�
<br /> .f q� . � • obtain coverage substantially equivalent to the mortgage insurance previously ir,effect,at a wst subrtantially equivalent to the
<br /> = cost to Borrower of the mortgage insurance previously in effect. from an altemate mortgage insus�r approved by l.ender. If
<br /> `�� _'� � ' substantially equivalent mortgage insurance wverage is not available.Borrower shal!pay to Lender each month a sum equal to ;,,
<br /> � � • � . one-twelflh of the yearly mortgage insurance preraium being paid by Borrower when the insu�ance coverage lapse�:cr eeased to �;�i:.'.
<br /> ' be in effect.Lender wiU accept.use and retain these payments as a loss reserve in lieu aF mortgage insurance. Lnss reserve
<br /> - . Farm 3028 9190 •
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