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<br />� " � S.Hazard or Property Ynsurance. Horrowcr�hnll kccp thc improvcn�ent�now exisdng or hace�ftrT crcrtc�s!on thc Pr�perty '
<br /> insured against loss by flre,hazards insludcd within thc term "cxtcndcci covcr�gc" and e��y otiicr htuTUcis�li�ct�+ding tlouds ar i "
<br />. �looding,for whtch L.ender rcquires insur�ncc.7Tiis insurnnce shall bo malnmincd in thc omaunt�and for thti parlads 1ht�S Lendcr
<br /> rcquins.'il�e inswancc carrier providing thc insumncc shull bc choscn by Bonowcr subjcct to I.c;ndca's apprm+s!wbirR�shcll not �
<br />, " , be unreasonably withheld. If Borrower fails to maL-�tain cove[age described nbove, Lendcr may. nt ia:nd�.Y's optian, ahtafn !
<br />_ coveraga to protoct Lender's rights in tho Property in nccordanc:e with parngraph 7. i
<br /> Ail Luivancc poUcies and renewals ahsill bc nccept3bl�to Lcndcr and shuU inctudc a standa�rd martgflge cla•asc.Lcndcr sha11 ,
<br />. have the dght ta hold the policics an�renewuls.If Lender requires,Borrower shnll prampUy giva to I.endci all receipts of pa:d i
<br /> premiums and renewal nobces.In the event of loss,Bonower shall give prompt notice to the ins�emnce cu�r,�nnd I,ender.Lendr.,r I
<br /> may makc proof of loss if not made prompdy by BonoK�cr. ��
<br /> � Unless Lcnder and Boirower otherwise sgrce in writing,Insurance proseeds shall be applicd to restarntian or n�pa'v of thc
<br /> � Property damaged.if ihe restoration or rcpair is economically feasible and Lender's security is not�essenotl.If thu restoration�or
<br />'� . repair is not econornically feaSible or Lender's securiry would be lessened,tho insurance praceeds shall Ix�npplind no tho sum�
<br />- Sccured by thLs Security Ins�umen� whether or not then due, with any excess paid to Borrower. If BorrQwPw abfu�dons the �
<br />-� , Yroperty,or dces not answer withi►► 30 days a notice from L.ender that the insurance carrier has offered tn��ettlo a claim.than
<br /> � I.ender may callect the insurance pmceeds.Lender may use the proceecis ro repair or mstore the Property or to pay sucr�c secured
<br />' `' by this Security Instntment,whether ot not then due.Ttie 3Q-day period will be�in when the nouc�is�iveti. �
<br /> ;'' Unless Lende�and Borrower otherwise agree in writing.enY apPllcadon of proce.ecls to peincipal shall nat axtend or postpone
<br /> ,,.. the drie daus of the monthly payments referred to in p�ra�*aphc l nnd 2 or chanae the amnunt of the plymert►ts.If undar pamp'aph �`
<br /> 21 the Property is acquired by Lender,Borrower's right to any insurance policies and proce�ds resuldnB from dmm�go to the � � 1 `
<br /> � • P[operty prior to the acquisidon shall pass to Lender to the extent of the sums secured by this Securiry Insorume.nt immetliut�ly ,• �'�,
<br /> � pdor w the acquisiuon. R
<br /> ' b.Occup�tncy,Preservation�Maintenance and Pretection of the Property; Borrower's 1�oRn ApptiGAti�n;l.ease6olda .:.��
<br /> , � Bonrower shall occupy,establish,and use ihe Property as�otrower's principal residence within sixty days afte,r tho e�ecution of � r^��' 'v
<br /> _. tLis Seceriri Instaument end shall wndnu�to occupy the Property as Boaower's principul resideace for at lezst on�year aftcr the � �'�
<br /> "' clate of occupnncv�, unless I.endea otherwise agrees in wririn8, which wnse.nt shall not be unre�sonably withhuld, or unla;s ty_ '
<br /> extenuating circamstances e�cist which are bey�ond Borrow�r's conrml.Borrower shall not desimy.dam��e or Imptlir the Prop�rty. �.,. .. :h: �;::_�'
<br /> allow the Property to deteriorate, or wmmit waste on the Property. Bonower shall bc in defauli if any fotfclturc action or .f,r,.�,. .;.,.� ��: '
<br /> , proceeding,whether civil or criminal,is begun that in Lender's ood faith 'udgment could result in forfeiwr�s of tho Pro or •1���:�� ���r
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<br /> , athenvise maserially impair the lien created by this Sec�uity llnswment or L.ender's security interes�Bormaer m�y cura such a `"`;:';•�: �
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<br /> defaWt and reinst�te, as provided in paragraph 18,by causing the action or proceeding to bts dismissed with a mlinB thbt,in n..:,� .
<br /> , Lender's good faith determination,precludes forfeiaue of the Borrowe.r's intcrost in the Property or other mateilol impaim�esit cF ;',r,��`':,
<br /> ' , the liea created by this Security Instrwnent or I.ender's sectuity interest Borrower shall also be in defeult if Botrower,during the
<br /> lnan application process,gave materially faLse or inaccurate infom�ation or statements to L.ender(or failed to pmvide L.endu with .�:���� �,
<br /> any material info�arion) in connecdon with the toan evidenced by the Nou:, including,but not Gmitod to. n,pzosentfs�ons i.
<br /> „ wnceming Borrewer's occupancy of the Property as a principal residence.If this Security Insmunent is on a leasehold,BonoweJ •��. •:. _ _
<br /> shall comply witt►all the pmvisions of the lease.If Borrower ac�uires fec dtic to thc Property,thc Icasehold and the fce atlo sisu� '"` "';�'� ,
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<br /> . .�� '. not merge urttess L.endcr agree.s to the merger in writi.�g. • L°� , ��""
<br /> ' 7.Protection of I.ender's Ri hts in the Pro rt . If Borrower fails to dorm the covcnants and etmenu contxinod in • � ����"�=
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<br /> ' this 5ecurlty Insdvment,or tfi�rre is a legal proceeding t't�at may significendy affect Lender's rigl�ts in the Pn�puty (such as a �•"• '�' • �•- _;
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<br /> proceerling in bankcuptcy,pmbate,for conderrinarion or fm�'eiwre or to enfome laws or regulations),then I.ender may do and pay . ., . .;��r��
<br /> for whatever is necessary to prouxt the value of the Pmpe.rty and Lender's righis in the Property.Lendr,.r's acaons may inc�r.�n „ -� �
<br />- 1 paying any sums secured by a lien which hns priority over this Socurity Insuument, n�peuring in coutt, paying reasan�le � �
<br />_ " . attorncys' fees an d entcring on t he P c operty w m a ke i�e;aairs. A l t houg h I.e n d e r m a y t a k c a c d o n u n d e r t h i s p a r n g m p h 7,I..c.*�d�a :,': ���'
<br /> does not t�ave to do so. � ' �••+1:�-,^-
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<br /> Any amounls disbursed by Lendar under this paragraph 7 shall Uecome addidonal debt of Borrower secured by this Securin� � ��'��'
<br /> ��''�� Instrument Un�ess Botrower and L.ender agree to othex terms of paymen4 these art►ounts shall Ueru in�.exest from iho da:�:af �,��-
<br /> • disbursement at the Not�rate and shall be payable,with interest,upon natice from Lender to Bomower tcquesting paymen� � ,
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<br />- � S.Mortgage Insuranca If I.ender required mortgage insurunce as a condidon of making the loan sccured by this Sc�curity I •
<br /> � Insuument, Bomower shall pay th�: premiums reqnired to maintain the mo e insurance in effec� If, for an reason. the f'. '
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<br /> mongage insurance coverage requimd by Lc;nder lapses or ceases to be in effoct,Borrower shall pay the premiums required to
<br />- ° - obtain coverage substanrially�quivalent to�e mortgage insurance Qreviously in effect,at a cost substnntially equivalent to the � "
<br />- ' wst w Borrawcr of thc mortgagc insurance previousiy in effect, from an altematc mortgage insurcr approved by Lender. I�
<br />� , substantially equivalent mortgege ins�rance covcxag�a is r�t avaiL�bla,Bomower shall psy to Lendcr eaci�month a sum e.qual to
<br />= '' one-awelRh of the ycarly mortgage insurance premi�im being paid by Borrower when the insurance coverage L3psed or ceased to
<br /> • be in effect 'Lender will accept, use and retai,n these payments as a toss mserve in lieu af matgage insuranc�.Loss reserve
<br /> •' .. Form 3025 0/99
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