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<br /> � .� ,�,Zr��E�pR�Otl�ar Hs�rd InaurYnce. Aotrowcr shall i��surc nll improvcmcnts on �ha Property,u+hethtr now in i _
<br />:�������.�. ` exi�Wtice or subsoquen.ily erected�a�Sainst aay harards�casualties�end wndngencies,inctudiig t�e.fcar wP�icb J..endcz rcquires �
<br /> �.,,,�� i�s�vae�ce.Thf�lnstust►oe shall bo maft►tauted in�he amounis atyd for�e peri�nds that I.�.r�der t�uires.Hormwer shaU also insure -
<br /> .,;���►s� ��������a property.whether now in oaisunce or subs�cquently erestcd�egainst loss by floods to�he oxtcnt rcquired i
<br /> .. , by the Socretary. All insure�sce shall ba caRied with companies eppeovod by Leridu.11k insuranca polkfes and any renewals :
<br /> " shall b�haW by Lcndcr end ahall Include loss payable clnuses in favor of.and in e farm ncceptab10 to.Lcnder. �
<br /> _ '1 In the event of lors.Barrowcr shsil give L.cnder Immediato nmicc by mail. I.cndcr mey uzalce proaf af loss if not mad� �
<br /> , . prompdy by Bamwar.Fach insuranco canpany conccmed is henby authorized and directed to ms�ice payment for such loss (. •
<br /> . dirocily to Lendcr,instcad of w 8arrowcr and to Lendcr joindy.All or any parc of tho insurnnce praceP.ds may ba aPPlkd by l
<br /> " . Lcnder.at its option, either (a) to the re�uctlon of ihe indcbtedness undcr the Note and �1►ts Sccurity Instrument, first to any f
<br /> __ �. - • .• . delinquent amounts applied in the orda in patagraph 3,and thr�to ArepaYment of pdncipal.or{b)W thc rostorati.on or repair of 4
<br /> I'' ` . „ ., �he daan�Sod�Y•�Y aPP��of the proceals to tho pr�ncipal shall not ea�tend or pastpone the due date of the monthly � ...
<br />-- . • , payment�which eze�fe►re�l to i,i�,aragr"�2,af c�n s�t��emoLnt�f such{►ayments.My excess insurance prc�ceeds over an �
<br /> . , amount mquirod to pay all outstandin8 inckktedness undcr the Note and thLs Security Ins��ment shall be pud ta the entity Ic8al1Y '
<br /> �• " • enetlud thereto. I +
<br />. � , ' .. i�i utic eti��►ttf foiu:losuce c�t litis Secutity Insttutr,et►t os o121�� t�sfer of dik to the Propesiy that eactinguishe:� the i { ,... -
<br /> ` ��g.all ri�ht,dUe and interest of Borrower in and to insurance policies ni force shBll pass ro�t►e purct�aser. ; ,;
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<br /> ,'�' S.Oocupsrocy,Preserv�tjon,Maintenance wud Protection ot tde Propeny.Borrower's I.oan Applicatbni Lcaseholds. � .:'�.�`
<br /> . ' . ^, . B�,�y���upy,��p�,�u�U►e P:apcxty s►s IIairowcr's prkacipal ce3idence within siaty duys after the execution of '
<br /> ''� this�ecurity Instrument and shall cnatinue to occupy the Propeity as Bocrower's princiAal cesidence for at least one year after ihe , �
<br /> =� date of occupancY. unkus tl�o Sccrctary deteimines this requirement will ceuse unduc hardship foe Borrowcr. or unless �,, •,�
<br /> � ���g ����� oA�.� T��..� � ���� unrmwel's controi. Borrowei shall notity Lender of uny eatenuatiag
<br /> , � _ — .
<br /> .,�, circumstances.Barowu stulf not commit waste or destroy.damago or substnntlaliy change the�'mpatY or allow the Propeity co `---:„� 1"
<br /> ' deteric►rate�nasonable wear end tear excepted.Lender may inspecc tha PropenY if tt�e ProPertS'is vacanx nr abandoned or the loan �
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<br /> � " is i�defau1G L�der maY�ake re�•�ble action to protect and presuve such vacant or abandoned Prope�cy Borrower shttll also , ?
<br /> be in defeult if Borroaer.during the loan applicadon process.Save mAterittlly faLse or inaccursice infom�ation or statements to . .'`J' ';
<br /> • ,..,��. I.ender(or fei3ed tm provide I.entier witli any mnterisel infom�atio�)in connecaon with the loan evi�r,ncod by�he Note,including.
<br /> ,, �,��,, . : but.not luniud to.rcPc'esentazions oonceming Bonnwer's occupancy of the Propecty es a principal residence. If this Security �'.•
<br /> insls��ment is on a let�ehold, Borrower shall camply with tt�e provisions of the Iease. If Borrowet acquires fee tit1� to itie ' . »
<br /> . .: .�,`. P'rope.�ty�the Ieaschold and fee tide shall aot be mecgod unlless Lcnder agrces w the merger in wridng. '. `x
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<br /> • 6.Ci�arges to Borrower and Proiectbn of Ixnder's Rights in the Property• Bonnwcr shall pay all govemmen4�1 or : ���;"
<br /> , , � ... .`: municipal charges, fines end imiao°ibons that are not included in paraB�aPh 2. Boaowcr sh�ll pay these obligndons on timc .
<br /> -, ,.. _ _ t direcdy w the entity whlch�s owed the paymen�If fallure to pay would edversely affect Lender's interest in ths Property.nPon i
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<br /> .*...-•.e ,- :..:.Y Leader's request Horrower shall prompdy fumish to Lender receipts evidencing thesc payments. , . .
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<br /> � If$ocrowcr fvls to msike these paymenas ar the pf►yments rcquircd by�cagraph 2,or fails to perform any other covenants � ;;:•�,;�;�'
<br /> and�grcements contatned in this Security Insm�ment,or there is a tegal procc�di�g that may sigxuficandy affect Lender's rights in �
<br /> - � �� the�'sapecty(such as a pror.c:edi�g in ban�uP[cY•�Qr�ndamnudan or tn enforce luws or regulations),then I.ender may do and i , ��
<br /> .�. „ pay whanaver is necessary co protECt the value of the Property and Lendcr's rights in the Property,including Payment of taaes,
<br /> . - ha7ard ins�uence ar►d othcr ltems mentioncd in paraScaAh 2.
<br /> • pny tunounts disbucsed by Lender under this para�raPh shnll become an edd►donnl debt of Bomower nnd be sucumd by this ,. •�:•:;;:,.�
<br /> ,;.�r• Sccuricy Instrumen�'lhese amounts shall bear inteze�t fram�he dut�of disbursement,ut the Note rate,and at the opdon of L.ender, . `�;;'
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<br />- • . shall bc immediately due end pmyf► . ,
<br /> ,; T.Coade�nnation. T1�c procaxls of any award or claim for demagcs.dirc;ct or conscquential,in connccaan with any � ,
<br /> conclemtw�on or othcr t�3cins of anY Parc of thc Propeny,or for convcyancc in place of condcmnuaon,nrc hercby 3ssigned and .
<br /> �t�ll bo paid to l,ender to the eatent of tha fiill amount of the indebtedness that rcmains unpaid under thc Notc�nd this Security
<br /> ... In���,���3pply such praca'.ds w the reducdon of the indebtednc:ss under the NoLe and�his Sceurity Insvament, ,
<br /> � ,n 3,and thcn co p�paymcn�of principal.Any npplicx�tion
<br /> � Cust co eny delinquant amounts npplied in the oMer pro 'ded in paca�aph ; .
<br /> ' . .�� of tho proceods to thu Princytul shall not e�Rtend or postponc thc duc dat�af the rttonthly payment�,wbich nm refetre�!co in ,
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