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<br /> . � S.Npxard or Property le.�vrpnse. aorrawcr shnll kccp thc impmvements now cxisUng on c�►ral'ter crcctcd on thc Pcoperty
<br /> insured against loss by fin„harurds included witd►In tha tern� "extended covernge" ancl any oc�er htu.,rds, includin� Roods or ���.
<br /> ; flaoding,for whish Lcndcr rcquirc.e insurancc.'i1�is Insurnncc shnll bc maintaincd in thc nmaunts and for thc pc;riuds�i�at L.endcr ;
<br /> I '�'�*
<br />° • rcquires.'It�c ins�uencc carricr providing thc insuruncc shall ba choscn by Bonowcr subjoct w Lcndcr's npproval which shall not �
<br /> Y bc unrcaeonably withheld. If Dorrowcr fails w maintain co��crs�c described abovc, Lcnder may,nt I.cnder's optinn, o�.uin , , r,
<br />_� - - coverego w protc�.t l.cndcr's rights in thc Pcopctty in uccordance with paragraph 7• �
<br /> - All insurance policies and reneuv�Js shall be ncceptable w Lender and shall include a standard mort�age clause.Lender shall ��
<br /> havc ihc right to hold Iha�licies und renewEls.If Lcnder roquires,Borrowcr shnll prompUy givc to L.ender till reccipts of paid � _
<br /> �� pre[niums ond renewstl noUces.In tha event of luss,Borrower shull give piompt notice to the insuYance carrier nnd I.cnder.I.ender i '��
<br />= mRy make proof of lass if not made prompUy by Bormwer. �
<br /> Unless I.ender und Borrowcr othenvise agrce in writirg,uisurancc proceeds shall bc applied ro restorauon or rcpair of the ; �v
<br /> property d��n�ged,if thc restorndon or repair is economicaUy feasible and Lender's securiry is nat lcssened.If t!►e rrstoration or � ,
<br /> � repa'v is nob economically feasi8la or I.ender's security wauW be lessened.the insurance prssteeds sball be appli.d to the sums �
<br /> `i � secusecp by lhis Security Instrumcnt, whethr,r or not the,n due, with any excess paid to Ao�rower.If Borrower abandons tha ' �`�
<br /> ' Pra�rty,or does not snsYru �vithin 30 days a nQtice from I.cnder that the insurance carrier has affered to seule a c3aim,then i ' �=� `--'
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<br />_?_., Lender may collect the insurance proceeds.Lendee m.ny uso th�:procesds to repair or restore the Property or to pay sums secured i , ,,,
<br />_�=R I by this Securiry Instiument,whethes or not then d�.'Ihe 30-day period will begin when the nodc�is given. i '"��"e;r;�':
<br /> i •• � Unbess I.ea�der and Borrower otherwise agrese in wridng,�,mY aPPlication of proceeds to principal shall not extend or�rnstpone
<br />-'� the d�c+ste of the monthl ments refe�red W in aragraphs 1 and 2 or ciwn e the amount of the aymentg.If uNler ��nac�*ra,ph ( '
<br /> I YPaY P B P � " ,,,,,,:���; `:_
<br /> f 21 the Prope�ty is ncquired by Lertder,Bonower's right to.mp insuranra policies and proceeds resulting from dam�� to the i ,�;,,f: '•�
<br />' Pro rior to the wsidon shaU ass w Lender to the eatent of the�s secured by thLs Security Insmunent immediecely • r�==�'-=
<br /> P�'P �9 P f �, . v�.,�;--—
<br />= priorto the acquisiuon. ��i��
<br /> � ..�:t'`�F •91`�'6�'.-_
<br />:�, 6.Occupancy,ll'reservation,Matntenauce and I'roLecIIlon ot the Property; Aorro�rer's lLosn App!��n;I.earebolds. � . •;'i' ,. -�...._.�--_.-_ -
<br />- ' Bonoarcr shull occupy,establish,and use 1he Property ag Borrower's principal r.esidence within sury daya efter the ex�x;udon of � _.'�;��•'':>���� �
<br /> ��''.,L�: _
<br />" this Security Instnunent and shall continnue to occupy the Property as Borrower's principal residence for at le,�.�t one ye�ar afcec d�e �+r�..,.• ��.
<br /> _ o*„..f,,,�,-.,�T..�, �mU� f rnrler ��herwi� ��s in writing. which consent shall not be unnasonably withheld, or unless � "� �,F'
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<br /> extenuatinng circumstanr.rs ca�ist which tue beyQnd L9on•awer's control.Borrower sha1J not desOroy.damage or impair tlhe Property. ^ �`+`� '. `''�`
<br /> ;' • allow tb.e Prope.rty to deteriorat�, or commit waste on the P'.uperty. Bomnwer shall be in default if any forfeiture actIon or .":?,�;���ir
<br />- procccding, whether civil or crimiEeal,is begun ihat in Lendcr's goad faith judgment could msult in forfeiturc of the F�:�.r.rty or
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<br /> - othenvise materially impair the Gcn cmatetl by this Socurity Insuument or L.ender's security interesG Borrower may c:se such a �
<br />" " default und reinstate.as pmvideA in ParagraPh 18,L►y causing che action ar proceeding w be dismissed with a ruli�g thet. in � -�
<br /> ' I.cnder's good faith determinadon,prcclude,4 fodeiwre af the�orrowcr's is�aerest in thc Property or othcr material impairment af �"'°
<br /> :v�,�r.•
<br /> ° • 8�e licn crcaud by this Security Instrument or Lender's sccincisy interest.Bo�owcr shidl also�e in default if Borrower,during the , . . -, .,1' .
<br /> - loan npplication process,gave mflterially faLse or inaccurate n�fformation or statements to I.en�Acr(or failed oo provide Lrnder with f ;',.; :;�:y�'-`
<br />= � any mateiial infortnation) in connection with the loan evidenced by the Note, including, but not limiced co. reFirsentarions I ,�;�::�::•�;+' ,.
<br />- conceming Bomower's occupancy of the Property as a principal residence.If Ihis Security Iaswment is en a leasehold.Borrower ����'" �
<br /> � shall comply with all the provisions of the lease.lf Borrower acquires fce dfle to the Proputy.the(ca�.'.�c�]w and the fee d41e st►all �' - t '
<br /> " not m:rgc unless I.cnder agcees to the mcrgcr in writinng. '""-
<br /> � 7.Protestion o!Lendcr's Rights in t6e Proper.ty. If Bnr�ower faiLs to perform thc rnvcnsmts and egrecments cAntained in -?�"�;-�+:���-�-�
<br /> thi�Security instnunent,or theae �s n legal proceeding thac nnay signiticundy affect Lender's rights in the Propem Qsuch as a ;;�;:,:' �°"^���!►••• =
<br />� grocaeaLng in bankruptcy,probate,for condemnaaon or[odeiture or to enfotce laws or regulations),then Lender may do and pay ''" �" ��'
<br /> " for whatever is neaess.vy w protect the value of the Praperty and Lender's rights in U�e Properey.Lender's actions may include •
<br />;�� paying any sums scxurect by a Gen which hxg prioriry 4ve� this Sr.curity Instrumen�appearin8 in court,PaYing resisonable � ,;• ;,., -
<br />�q ' atiomcys' Cecs Zu►d entering on the Property to make repairs.Allhough L.ender may takc xtion under this paragra�h 7,Lender '"` ' ':�
<br /> daes nat have to do so. I • ;"��" '�' ' ,
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<br />— M y a m a u n t s d i s b u i s e d b y L e n d e r u n d e r t h i s p a r a g rn p h 7 s h a ll b e c ome addidAnal debt of Borrower socured by this Security !'
<br />= Insuument. Unless Borro�ver and L.cndea agee to other tenns of payment,thesG amounts shall bear intcrest fmm the date of ; ��"�"
<br />�' disbursement at the Note ratc and shall be payable.with interes�u�on nadce from L.cndGr to Bocmwer requesting payment ' �'
<br />- 8.Mortgage Ia,uraaca If[.ender required mortgage insurance as a condition of maYing the loan socured by this Secnrity I
<br />��`� , , Instnuncn� Boaower shall pay the prcmiums required to maintain thc mortgage insurance in effect If, for any r�eason, the i
<br />- mortgage insivanca wverage requircd by Lender lapses or cxasr.s to be ir�effect, Horro�ver shall pay the premiums cequired to j �
<br />' 'K • obtain coverage subsmnti�illy equivalent to the martgage insurance previoasly in effect,at a cost substa�idally equivalent ro thr, �
<br /> `"`! ., cost to Boirower of lha mortgage insurance previously in effect, from an altemate mortgage insun�r apprnved by Lender. If
<br /> substantially eqe�ivnlent mo�e insurance coverage i�net availablo, Borrower shall pay to Lcnder each month a sum equal w .
<br />_',, one•tweltlh of the ycarly mortgoge ins�ce premium bei�g��id by IIorrower when u`y insurance coveregc lapsed�r ccased to
<br /> # be in effec�Lender will accept, use and oetnin these payn:ents as a loss reserve in lieu�f mortgage insurnr►ce. Loss ►rserve
<br /> s•,',
<br /> Form 802a�190
<br />_;i� �•ER(►d�)10:!t�l Pap�3 ot B Initiale:
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