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<br /> '` �.: , ,:` ° • S. �fazard�r F�vperdy Insvcartce. 8orrower shall Ece�the improve0aents now exisiing or hereafter etected oit the ____--
<br /> � ; . " ,`.Q�, Propertp insured against loss by fire.har.uds inslude�within the terar."extended aoverage"and any other i�az�rds. iactmdiag __—�_
<br /> ` • . " • tleods or ftoading.,for syhich Lender requires insurance. This insurattce shall be main ained in tfie amoants and for thc periods __—
<br /> ' � � thai(8ader r�i�:ires. '[7�e insurance earrier providing the insuraIICe shall be�chosea by Borrower subject to Lender's apProval __��,--
<br /> _ • � , wtuc8 shatl not be unreasonabty �vithhetd. If�ormwer faiLs to maintain coverage dzssribed a.bove�Lendet may,at i.ender's __----
<br /> � . � ` '� opuon,o6tain coverage to protect Lender's rights in the Property in accoTdance with paragtaph?• ___ - -
<br /> ' , � � AII insurance policies and renewals shali be aoceptable to Lender and shaU iactude a standard mortgage clanse. Lender _
<br /> -__ '. . �. . . shall have the right to Imld the poticies and reaewals.If Leader requires.Borroaer sha11 PrompttY give to Leader aU�receipts of
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<br /> . � paid preininm§aad renewat antices.In the ewem of loss,Borrower shall gi�e�rompt natice to t8e insutance a�rrier ansl I.ender. ,
<br /> ' `.�--' . Lender may make proof of doss if not made promptty by Horrower. -:=
<br />`,°'' 'i{`�`�` Llntess L.ender and Bomower�c�thercvise agree in writing,insurance proceeds sl�all be applied to'restoratian or re�qair of the
<br />."..'Y. .,'i1�'+'.'�R'�:, �''�.',.." .. . .
<br />: s-; ':'�!'. ' - proPerty damaged,if the restoratior.or repair is economira}ly feasible and I�nder's secarity is aat tessened.If the restocation or
<br /> �` ' '�` , ,`;'� repair is not economically feasible or Lertder's security wauld be lessened.the insurance praceeds st�a1F be applIed to the sua�g
<br />` �y;;y�." .' �_ , secure�by this Securiry Instniment, whether or not then due.aritb aay excess paid to Borrower. If Borrower abandons the —
<br /> . Properry,or daes not ansvezx within 30 days a norice from Lender that the insaraace carrier has offered to se3tie a cIaim,thea
<br /> ' �� L.-nd�may oollact the.insivartce pmceeds. icnder may ase the proceeds to repair or restare the Property`or w pay s�n1s.
<br /> � • ,� . ,,l��;,_ ' � secare+d hy ttus Secority i�snuinent,whe.��eer or aot then due.The 30-day periad wiJl6egin when the notice is given. .
<br /> ' � • ''��'` Unless [xnder and Borrower o:n •e�vise,agree in writing, any ap�slic�tion of proceeAs to princigal shaS.l:Ant exter'��P.�a
<br /> . �;;:s:" �
<br /> --��. ,�•,, �y�.G'..
<br /> . �...,;..,. , postpone the due date pi.the monthty paymems referred to in par�hs 1 and 2 or cfiange the amdunt of itie a �
<br /> � � under pangraph 21 the Pcope�ty is acquired by Lender,Borrower's right to atry i*�suiaace po�icies and procecds resuttiag from.
<br /> �'�'��••� '`��'`, damage to the Property pracF�a the acquisition shall pass to Lender to the extent a��e sams secured by this Security Instrument
<br /> ,s?��� :�'�`�' ,:.' •
<br /> � ��;.:,-. immediseely priar.to the ac�qr.3sition. . •
<br /> � �����';�� 6.�C.y,Preservatfon,Maintenance aad Protectton of tt►e Property:Borrawer's.l�an Apptkat�on;L.ea.seln�:�.
<br /> -- <•�-: ��:_ ��,..:,;,,. .
<br /> ' ��:;'>;:`.,: Bflrrower shaU oceupy,establish,and use the Property as Barrower's prinei�at residence witbiu�iscty days after the exeei-��ef
<br /> • � �:is Security InstrumEnt a��sha11 continue to occ.vpy�e Property as Borrower's principal residence for at lcsc;t cs��yeaz afFer ,
<br /> , •� � . '`� ���� the date of occupancy.antess F ender otherwise agrees in writing,which consent s3iaU not be unreasombly n'�nheId. or imi�;s .
<br /> , ;:::,..
<br /> ' ��` _ extenuating cira�mstances exist wtuch are beyond Borrower's cmiuol. Eorrower sha}I not'destroy, damase ot impair the .
<br /> ' Properry,allow the Property to Qeteriorate. or commit waste on the Property.Borrower shall be in deFault if any.forfeid�� :
<br /> � � . �, � � action or praceeding,whether civil or criminal,is 6egun that in Lender s gaod faith judgment wuld resuDt in forteiture of the
<br /> . � � Property or otherarise materialJy impair the lien creata:f by this Securiry Instrument or Lerider's security interest.Borrower may
<br /> . ` ' cure such a default aad reinstate.as provided in paragraph 18.by caasing the action or praceeding to be dismissed with a culing •
<br /> � • ' .. ' � that. in Lender's�good faitb determfiation, preciudes forfeiture of the Borrower's interest in the Property or ather mater�al
<br /> � : ' impaim�ent of the lien created 6y this Secudty Irlstruinent or I.ender's secvrity interest. Borrower�shalt also be in defauit if
<br /> . .�. .
<br /> , • Borro�ver.during the toan application process,gave materially false or inaccu:ate information or statemen�s to Lender(or failed. __
<br /> • • ' � - to pravide Lender with any material informauon)in connection with the loan evidenced by the Note,including.but nm limited
<br /> �• . • . to.representations concemin�Bortower's accupancy of the Property as a principal residence.tf this Secuaty insuument is on a
<br /> .. . � leasehold. Borrower shall con�ply with all the provisions of the tease. if Borrawer acquires fee ti6e to the Prupertyr. the
<br /> ° "��• leasehold and the fee title shall not merge unless l.cader agrees to the merger in writing. ��
<br /> "'" � �-� r--= � 7.Protectio�of I.ender's Rtghts in the Propeaty.If Borrower fails to perform the covenants and agreements contained in �'=-
<br />:,'�;A•. _. .en
<br /> ..,, ,,•_..,sts�::�_.•5'.
<br /> �•.•� � this Securiry Instnunent. or there.is a legal proceeding that may significantly affect Lender's rights in the_Properry ts�cch as a
<br /> -`=� = • � praceeding in bankruptcy.probate,for condernnation or forfeitare or to enforce laws ar tegulations).then Lendes may do and
<br /> - • . . �� . pay for wbatwer is necessary to protect the vaiue of the Property and Lender's rights in the.Prop�erty.Lender's actions may
<br />�� � ' ' • inelude paying any sums secvred by a lien which has priority over this Security instrument, appearing in couit, paying _
<br /> _ . •- reasonable attomeys'fees and entering an the Property to make repairs.Althongh Lendcr may take action under 4l�is paragraph �--.�_
<br /> . e�:-_�---
<br />`;� �.; �.Lender does not have to do so. ' l�!_
<br /> ,� . � • Any amounts disbursed by Lender under this paragrnph 7 sha,l become additional debt af Borrower secured by this _ -
<br /> _ � ' � . • � Securiry Instrument. Unless Borrower and Lender agree to other terms of payment.these amounu sha11 bear interest f'rom the , = ,
<br />-�'�-1. ' . date of disb�ement at !he Note rate and shall be payable. with interest. upon notice from l.ender to Borrower nguesqng
<br /> -s . payment. ,
<br />�� �� • . 8.Mar�.�age Insurunce.If Lender required mort;age insurance as a condition of making the loan secured by this Security
<br /> � instrument. Borrower shall pay the premiums required to maintain the mortgage insurance in effect. If. for any reason, the '
<br />- . � mortgage insutance coverage required by Lender lapses or ceases to be in effect,Bonower shall pay the premiums required to �• .
<br /> ''�• � � � obtain wverge substantially equivatent to the mortgage insurance previously in effect.at a wst substantially equivalent to the . . ;
<br /> �'" � cost to Borrower of the mortgage inturance previously in effect, from an altemate mortgage insurer approved by I.ender. lf
<br /> :�-_ ..
<br /> ..�:' • . substantiaSty equivalent mortgage insurance wverage is not available.Borrowet shall pay to Lender each month a sum equal to �
<br /> �'�'` � � • • one•twelfth of the yearly mortgage insurance piemium 6eins,paid by Borrower when the insurance coverage lapsed or ec�ased to
<br /> �"'� � � be in effect.Lender will accept.use and retain these payments as a loss reserve in lieu of mortgage insurance. Lc�ss reserva
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