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<br /> •• S.tle�ore�nr Prn�eerty Insurance. Boirower shall kecp the improvemcnts now exisUng or hereafter erected on the Property I . `��.
<br /> . ;,,� insuxtd agalnst loss by fire, ha�zards included within tha temi "extendect coverage" and tmY oti�ec hs•r.:utls,including floods ar
<br /> ' florxling,�'or which I.endu requires insurance.This insurance shall be maintained in the smounts end for tha periods that Lend�r .• •.h;._`.
<br /> �' •� reqi►ises.T`he insurant�e canier praviding the Insurance shall be cho.sen i�y BoaoWer subject to L.ender's approval which shall nat •° �
<br /> ` '�'- .'� be unrc�lsonabiy withheld. If Bon�wer fails to matntain coveragc des;dbcd ubovW,Lender may, at Lender's option,obtain � ,
<br /> , � : . _
<br /> coversgo ta prot�t Ler�der's rights in the Property in accordnnca with paragraph 7. �
<br /> , � Ail insuranco pollcies end reaewals stiall be acceptablu to Lender nnd shall includo a standtud mortgage cluuso.I.�nder shall =
<br /> havC tha right to hokt the poucies und renewals.If I..cnder requires.Borrower shull prompQy give to I.endcr sill reccip�,of paid ;
<br /> prcmlums and renewel nodcc:3.In tho cvent of luss,Bonower sha�l give prom�t nodce to the insurnnce carrier end I..endcr.Lcnder . '; :'�,„:���
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<br /> � „ may mako pcoof af loss if not macic prompAy by Bonawer. -"'' '•-;' ` +
<br /> ' Unkssa I..cnder and Horrower othcrwlse egreo ln writin8,insurar►ce Procceds shall be°ppued�°r�storadon or repair af thc ,;'�,:;_
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<br /> �•��r� . p r opesty d a mag e d,i f t h c r e s s oration ar re pair is economicalty feacibla snd Lender s security ia not lessened.If the restaiation or i4.�„V, ___ �
<br /> ' repair Is not cxonomically feasiblo or I.ender's security would be lessened,tho insusrance procceds shall be applied ta the sums t.�.+;,:�:_���
<br /> :.: �=• =_=
<br />—_, „ . � �urecl t�y lttis Security Insdrttmeat, ��hetE�et or not then dae, wit6 any excess paid to aarrower. If Hottower abandons tha .:��� -
<br /> Yco�ty, or does not answer wiUun 30 days a noace from Lender that the instuance carrler hes uffered to settlo a claim. Ihet� ?.,`:'��'�y
<br /> "' � L.ender may c�nllect thc lnsurance proceeds. I.e�►der may usc the pcocceds tn repair or re.eWre tha Propeity or to pay sums secural {�;�� �
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<br /> by this Seciuity Insirumcnt,whethcr or not then due.The 30.day period will tscgin whcn the notice i.v given. ,,,�,.;_____
<br />�. ° ' „ Unless Lende.r and Borrower othenvise agree ia wriung�anY a�►PGcada1 of proceeds W principal shall nat eatend or Iwstpono _ ``=T�_�.
<br /> tlto duc date of the monthly paymcnts rcfe►red to in parngraphs 1 nnd 2 or change the amount of ihe payments.If undsr paregraph Y�-:,;t�,;;;�r,-
<br /> �xrv_�--��,.::--
<br /> � '�=`� 2a ahe Propeity is acquired by Lender,Borrower's riglit to any insuran�e policles and proceeds resulting from dameBa ta the �'*=----_=----�
<br /> p�op�ty Pdor w�ho acquisigon shull pass u►L.ender tc�tha extent of the sums secured by tlxis Security Insuu�ent immediately '°`=`-.��
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<br /> _� �� prior w the�q►u�idon. ''�►�"��
<br /> '��* 6.(�CUaxncy�Preservatlon�MAinten�nce ond Protectbn ot the Property; Borrawer's LoAn AppllcAtbn+I.eaeeholds• -- — __
<br /> �� ' � Bocrowe,�'shaU occupy.establiah,and use the Property a9 Borrowes's principal residence wiUun sixty days afte�tha execudon of - �_
<br /> - - �,`�4' uus Sau.-it�Iastrs�nwzt an�s�°.1 c."n�n!'" �""`-�r'-'n���OD�!'�Boaower's principal residencc for at lessst one year nfter die �°_t, �.
<br /> " � datc of occupancy, unlosa Lcndcr othelwisc aBcees in wriun8� which consent shall not be unreasonably withheld, or uniess �� �<<
<br /> . , catenuatin8 circumstances eaist which arc beyond Bormwea's contral.Sonower shall not destroy.d,��unage or impait the Prol�erty.
<br /> allow ihe Prapc�cy to deteriornte, or co�m�nit waste on tho�'roperty. Rotrower shall be in defa�It if any forfeituro acdan or 4
<br /> pmceeding,wheiher civil or criminal,is begun that in Lea�der's good faith judgment could result in forfeidue of�he Pnopesty or :
<br /> athc�,ise material(y impair the 1�icn creazed by this Sec�ry I�suument or Lander's securiry interesG Borrower maY cure such a �
<br /> � � " default and reinstute. av provided in paruQnph 18. by causing the acdon or praccxdia�g to be disn�issod with a rallng that,in r:,: ' ,
<br /> � � Lendar's good faith dete�minadon,prccludes forfeituro of tha Bomower's interest in Ute Property or ot�ct mat�etial impai�mcnt of (,�''�,
<br /> the liai ca'i�ced by this Securlry Instrument or Lcadcr's security inte.resG Boirower shaU also be in de�sult if Borrower,during o�e -��.
<br /> loan appllcalion proccss.gave mat�erially f�lse or inaccurate informadon nr stntements ta Lcnder(or failed w provid�Lende�with w_+��-u�- .
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<br /> any material informution) in connecdon with ihe loan evidenced by the Note, including, but not limited ta. npresentadons : :
<br /> . • conceming Bomower's occupancy of the Property as a principal residence.If this Securi.ty Instcumcnt is on a les�ehold,Eorrowu E,".: :: �i._-__
<br /> . , slu�ll comply�vith aU the provisions of the lease.If Bocrower a�cquices fee aUo co the Property,the leasehold end the fe�dile shall , .:.r�
<br /> not rnc�gc anless Ler►der agcees to thc mcrger in wriring. - " ,
<br /> 7.Protection of l.eader's RigBts in the Properiy. If Borrower fails w perform the covc�nts az�d agnxrrtents coniatried i�► '*.., �,��-
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<br /> . . 1,'•', this Ser.urity Instrument,or thcrc is a legal proce�ling that may slgnificandy af:feet Lendea's rights in thc Property Csuch as a � ,,.°��'zi�;;::
<br /> proceeding in banl�untoY+Plobate,for candemnation or forfeldue or to enforce laws or regulations),then Y.endar anay do end pay f;. . .��':�,�4_,..
<br /> .�,„ I.endcr's�ons ma u�cluda '�� . � '
<br /> . �. for whatever is necessaiY to protect ihe value of the Property and Lend�er's rights in the Prmperty. Y �. .
<br /> sn sums securud by a Hen whiCh hag prinriry over this Security Insmiment,appearing in court,PsYing irasonabte � `� �
<br /> . • PaY�B Y "
<br /> � . aitorr►cys' fees and entcring on the Properry to make rcpairs.Altliough Lcnder may take acdo� under this parngrs►ph 7,Lender ! � � :'� .
<br /> docs not have w do so. �
<br /> Any a[�eounts dtsbutsed by Landet under this para�aph 7 shaU become addition2l debt Af Borrower secured by this Security ,, �
<br /> � Instromeat Unless Borrower and L,ender agi�ce co othcr terms of paymcnt,these ;mounts shal!bear intcrest from thc data of ;
<br />• • ' disbursemcnt ai tho Note rate and shell be payable,�vith interest,upoei natice from Lender to Bo�rower mqucsting paymenc � ;
<br /> ` •�� 8.MortgAge Insurance. If Lender requimd mortgage insuranc�c as a candiflon of mnking the loan secured 6y this S�cuity �
<br /> ,� Instrumcnt, Borrower shall pny tho prcmiums rcquired to maints►in tha mortgage insurnncc in effect. If, for any re.�son, thc i
<br /> ea�artgage insurancc coverage required by Lender IapsES or ceases to be in effect, IIoraower shall pay the premiums eequired to
<br /> , obtain coverage subsu�nti�lly equivalent to�he mortgage insurnnce pceviously in efiect,at a cost substantially equivalent to tt►e j
<br /> • : cost w Bornnw�of the mortgage insurance previously in effect,from an altemate mortgage insnrer upproved by Lender. If
<br /> , ,:�!' substsntlally equivalcnt mortgage insurancc coveraEc is not availablo,Bo�rower sk�all pay to Lcndcr each month a surn cqual to
<br /> .. , , " �",:.x�' , one-twelhh of 1he ycarly mortg�ge insurance premium�being paid by Borrower when the inswanee c:overage lapsed or ceased to
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<br /> . ; :�}: be in effec�Lender will s►cccpt, use und cctain d�e�c�nyments �s a loss resene�n licu of mortgafie insurance. Loss rescrvc
<br /> - ;�,��� Form 002S 8l�0 �
<br /> -�_ , o_.�o.,.n �nitlata:.
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