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<br /> S, Hsa�rd ox I3roperty Iasur�nce. AorraN�r ehxll koep the tmp�ravr,mente naw existin�on c�c�tter erocted or�
<br /> — tho Property ins�rod againat lc�by fire.l�az�rda lncluded within tho term "o�ctendetl covcrego"a�td any athe,r h�zsrd�,
<br /> -- -- � i�cSudi�� flc.za'w^or 4le�:ii�g� tnf•uhicl�Lcf�dc.�r�;.:�uir:.�:i��us•�ncs,. Titi;y insucatiw�Z►1,1 La raa;�►ta:i:,;J iu tiio atia::u.�G; �
<br /> _ �nd �or the perIods thnt Y.onder requitoe.The insuranco carrier px�oviding tho ineurance elull bo ct�n by Borns+ra
<br /> �� subjxt to Lendor's approval vvhlch ahnll not t�unrea9nnebly+�ithheld.Ii Honower#aile to meinuin coverago de�ccibal �
<br /> -- ebove, I.�nder may,at I.ender's option,obtain coverage to protect Lender's rig,hte in tho Property in e�cordance with
<br /> — paregraph 7.
<br /> _.._ All insurancn p�licies and renowala el�ll be acceptable to Lendor and ehnll incl�de a gtus�derd mor:gege clauso.
<br /> _ _ I.ender shall have tho right to hold tha galicics and renowals.If Lendor roquires, �iarrowcr ahall ptomptly give ta
<br /> � I.ender ell receipte of paid premiuma and r.enewxl notle�s.In tha ovant of loss,�orrower�sha11 giye pramp�t noticota tha
<br /> iasusance cnrrier and I..ander.Lander may melro proof of losa if aot msdo promptly by�lo:rrowor. '
<br />.,.,�y;�;�a�' Unless I.e�ndesr and Bono►ver o3hcrw�se�gree Ir�writing,ineurance proceeds shnll bo spplioci to n�toration or rtpaIr
<br /> ���3 mn�y, of the Property dume�ged,If t,�e reytoradosi or repeer ie�cunamicelly feasiblU end I.endes'a ea:urity is not leesened.If the
<br /> �. restoratian or repair ie not economically feaslblA or I.ender's eecurity would bo leseennd,thv inauranco proce�ede ehsll be
<br /> applied to the surx►e securai by thie SecurIty Jnstrume�at,whether or not then due,with sny excese paId to Botro�rer.Ii
<br /> - Honower ebandone the Property.or does not snswer within 30 d�y,a e naticA trmm Lender thet tho insurunce c�rrier hee�
<br /> ofPered to settle a claim, thon I,ander mey coltoct the ineurenc�prcee�eds. I.ender mey uee the pa�ocaads to rep�ir or
<br /> '°°"—"'' re�taro tho Praperty or to pa�y suma sec�ured by thie Securlty Instrument.whether or nnt the�n due.Tha P�0�8ay period wlll
<br /> ----- = bogin when the noticr,ia givon.
<br /> ----:"="""°'s-= U�sf�-�Itittdar.:n813orr:.ssc:athcrc�ic:,s�::�,tn wr'tin�,���y�F,yl(c�.i���ty;r,;,:.:,�;t:.p�is�ci�l eh�tl��01 o�ieii�i u,•
<br /> • Y�5�.:.;��ii�o uuo data oi tno montniy p�ymonte reiorroo to�n Mngc�pho��nd z ar cninRa rna amQUnt oi tne prymenu,
<br /> "�;��,'`i 1[under �r�y��ph 21 tii+�t'rnperty iH acgulred by l,c�tidac, 13urnswor's ri�ht tr��ny inaurince policiea�nd �ruceadn
<br /> ___ ___ ra+ulting trom d�m�go:�cho 1'roporty prior to tho acquinition Ahd! pu�e to I.,ende�ta the extent ot the eume+�e�ured by
<br /> �- -�"� tida Security InAtrument immedlatoly priar to tho�cquieidan,
<br /> -__.m�::=a� b. t)r.cupsncy,Pre�erv�tldn,Miintan�nca�nd Yrotection ot tho Properey;Horrower'e L,oan Application;
<br /> -Y;�- — Laa�ehold�.l3nrrawer Ahall accu�y,eatebHeh,snd uso tho Property es Norrower's principel residence wlthin si:ty dsys
<br /> - •��-�� atter tho axoeution ot thie Secur�ty Instrument end eliell continuo to occupy the Property es Borrower's principel
<br />-�`--'-`�'='�� residenco tor at leest ene year atter the date of occupancy,unless Lender otherwise agras in writing.which consent shell
<br /> _--�`?-_��� �ot be unreasonadly withhoid,or unIess extenuating cucumatances exiet whicfi ero bey�snd�nowor's control.�orro�ver
<br /> =�7^:`;*�?''^,� shal! not dcstroy,damage or impair tha Property,ellow tha Praperty to dotertorato,or c�mmit waste an th4 Property.
<br />�-''" �•;h".:`' Horrower ehall bo in default if any forieitureaction or proceeding, whether civil ar criminal,ie bagun thnt in Lander's
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<br /> ' ���'�',�.:'�` ' good taith ju�lgment could resnit in forfeiture oi the Praperty or othe�rwise metsrially impair the licn cr�atod by this
<br />-�='��~ `�w � Security Inat.ament or Lender's security interest. Bonower mny curo such a default end reic�tete, ea provided In
<br /> �`'�•�'�1 ara a h 18 b causin the actian or � '
<br />'::;���:��•.�.�.��r: �s P Br' P � Y s proceeding ta be disnxi�.ed with a ruling 4hat, in L.�ndere good faith
<br /> -�1��""'��?�'.�+�" determination,predudes forPeiture of the Borrower'e intereat in tho Property or ather material impairment of thc liea
<br />:".�=_'='���i=~�ry• . created by this Sxurity Inatrument or Lender's security inter�st.Sorrower shall also be in default if Borcower.during
<br /> ='���''••'�"'-=��a* the loan application process� gnve materielly false or inaccurate information or etatemente to Lender (or failed to
<br />-"�- -�"�"'°""+� provide I.ender with any material information)in connection Nith the loan evidenced by tho Note,including, but not
<br />`r�,.9 �`M`";, limited to,reprecentations concerning Barrower's occx�pancy ot the Propr�rty es a principal residence. If thie Security
<br /> ` . . �. ;�' Inetrument is on a leesehold,Borrower ahall comply with ell tho provisione of tha lease.If Bonower acquires fee titlo to �
<br /> y�;;�;;;�;: : ., � the Pmperty,tha leasehold and the Yc;a titla Ahall not merge unless Lender ap�ees to tha rnerger in writing.
<br /> . 7. Psotection oi Lender's Itighte in the Property. If Borcowar faila to perform the covenants and agreements �
<br /> _v' `:..,�,,::;,,,.,�,; cor�tain e d in t h is Security Instrument,or there ie a lsgal proceeding that may significantly affect L.ender's rights in the �'`
<br /> ' •;'=� , Froperty (such ea a proceeding in bankruptcy, probate. Pvr condamnation or forfeituro or to en4orce lawe or -.
<br /> regulations).then Lender may do and pay Por whatever ie necesaary to protect the value of the 1'roperty and Lender's �
<br /> �� righte in the Property. Lender's acti�ns rsnay includa paying any st�ms secured by a lien which hae priority over 2his �v
<br /> �•.-. Security Inetrument,eppearing in court,paying reasonable attorneye 4ee.s and antering on tha Property to mske repuire. -
<br /> '��. Although Lender mey take action under thie paragraph 7.Lertder does not have to do so. =
<br /> �, Any amounts disbursed by Lender under this paragraph 7 shall become additionul dabt of Bonower securai by this -_=
<br /> ' , , Security Instrument.Unless Borrower and Lendar agree to other terme of payment,thesa amounte eholl bear interest -
<br /> fram tho date of disbursement nt tha Note rate and shall be peyable. with interest,upon notice from 1.endee to Borrower
<br /> requesting payment. ° .
<br /> � 8. Mortgs$e Insuranco. If Lender required mortgaga ineurence as a condition of making the laar►secured by thie
<br /> . , Security Instrument,Borrotivar ahall pAy tlie premiums required to rnnintain the mortgage insurance in eftect.If,for any
<br /> reason, tho mortsaga insurance coverage required by Lender lapses or cea.5es to be in effect, Borro�ver shall �y the
<br /> � , premiurne required to obwin coveruge eubstnntially equivatent to the mortgage insurnnce previously in offect,nt a cost
<br /> ' substantially equivalent to the coat to $orrower of tha mortgage insurance previously in affect. from an nitemnte
<br /> � mortgaga insurer approved by Lender. If substantinlly equivalent mortgago insurance coverego is not avniluble,
<br /> „ Bortower shall pay to Lander each month a sum equal to one-t�velfth of the yearly mortga�e inaurance premium bcing
<br /> „ � paid by $orcower when the ineurance coverego lapsed or ceased to ba in effect.I.ender�vill acce�t, use und retain these
<br /> ., � payments as n loss reserve in lieu of mortgago insuranca. Loss resorva payments may na lon�er ba required,
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<br /> '� . Sii(NElcv:��� N.��a or e Fxm 9025,f 9/8�
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