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<br /> , 5. gawrd ar-praperty Insm�aac� Borrower shall keep the improWeme�ts.now existin� or hereatter erected�an the ' . .
<br /> • . Fropeny insured against loss by fire.hardrds inc{aded within the�rm°eatended mverage" aad any other hai�rds.induding _ �'��
<br /> 'c' '. �� .. , tloQds or floodIng,for whi�Leit�$r requires insuraace.`This insurance`shalt tie.maintained in ihe amoams und fer the periods <�. �,
<br /> ' r°- . that,Lender nequires.The insurance carritr providing the insu�ance shalt be chosen by Barcower subject fo Lexider's approval ,� "
<br /> - 't U which shaq not 6e unreasonably vrithheld. If Borrowet fatls to.maintain covernge described above.Lendee may. sst�ertder's ��•:`
<br /> gption.abiaut cove�age to proted Lender's rights in the piaperry in acoordante with paragragh 7. . � -
<br /> ��� Al1 insuran�e paliciea and ienewals shd11 be accepta6te to l.e�uer and shali inctude u standard mortgage clanse. Lendes � ��
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<br /> . shall have the�ight to hold the yolicies and tenewals.If I.ender requires.Bormwer shall prorstptly�ive to Lender all receipts of.• �;,
<br /> f- °'-°' - = -iT�t�3uoi�r��i;S:a�.��ic��:�-sisa=:x�t cf lew�,B�:aerr�z 1ro�!oi�r�pr�m�n±+tir.A ro tbe insu_rarue carrier anc�Leader, ------ --
<br /> ^.r;. .:`� . Q.ender may make proof of loss if noi made promptly f�y Botrower.
<br /> .�`' �'� UnIess�ender and Borcawer otherwise agzee ia writing.insurance proceeds shall 6a applied to restotation ot repair of the .,.
<br /> " � .:.�� property damaged,if the tiestocation or repair is economirally feasible arid Lettder's security is aot[essened.If the�estomtion or ';��,At
<br /> _,; • repaIr is not economically f�si6ie ar Lender's security wnutd be lesseaied,the insurance pmceeds shalt l�e applied to the sams �:.
<br /> _', � �... secured 6y this Se�tirity Instniment, wheths:r or not then d¢e,vrith an}t excess�aid to Borrower. if Borrower a6andoag the : ��
<br /> • " :4_�::`"•''-. , Pmperty.or daes not answer with�30 days a nodce from I.ender that the insurance c�rrier has offet�to settle a claim, then "4.
<br /> .- :-� .:,H�• Leader may collect the insarai:ce prooeeds. Lender mey use the procecds to repair or restore the Property or to pay snaLS ___
<br /> . . .' ` ` secured 6y this Security insttttmeQt,whether or not then due.Th�30-day period will begin when tite notir.e is given. �,""�;�;
<br /> , •� ,°: �•;��,% . Unless LEnder.aad Borrower othenvise agree in writing. any appliption of pme�¢.s,to priacipal shall aot extertd or
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<br /> .; .. �ostpane the due date of the monthly payments referred to in patag�ap5s 1 and 2 or change the'amnunt of the payments. If �.` .
<br /> ,m , � uRder h 21 the pro e cs ited by Lender,Borrower's right tv any insuranoe policies and procxe�s resuii3pg from �`�'�.
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<br /> :,.,,� .,.. • . ;:-.� ----�--damage to the�Property�prioa tb�the-acquisiitPn-shall..pass.to Lesider.ta tt�e extent.of.lh�sums�ecutec!_by_this._Security_Tn�trumetit�-- ..__..._ . -��.K:.
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<br /> ___•r�l.�__;:?�,�i ' � imrrs�diate{y prior to the acquisidon. � `
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<br /> ' ,. `�-';;:;�;''. , 6.Uoeapancy,Pecservatioa,Mafec�aace and Avteehttoa of the Propertyi Borroaer's Loan Appltwtton;�easet�oidq. �:j.
<br /> �� � . . i�orrower sh�ll accupy.e.sta6lish,aad use the Pmperty as gorrower's principal residence wlthin siaty days aRer tt►a execution of �_�-;.
<br /> +j' � �=� �is Securlty Insuument and shatl continue tn oecupy the Property as Bmrower's principal residence for at least ane year aRer �. `_°
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<br /> ;��., `�';� � the d-ate of occupancy,unless Lender otheraise agrees in wiidag.whicls eonsent stiall nut be unreasonabiy w'ithheId;or nniess �';±1��_
<br /> ' � •�ti,= exeem�ating cinvmstano�exist whith are beyond Bormwer's coatrol. Borrower shWl aai destmy, daatage ot impair th.e �.�,.--
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<br /> • Property,atlow the Property ta deterIorate.or commit waste on the Property. Borrowee shall 6e in default if anq forfeis�e. . —_
<br /> ' �ion or proce�ing,wh�civil or crlminal,is begun that in Lender's gaod faith judgment could res�lt in forfeituie of ih� __
<br /> ''�:'''"; ..�` . lr"'coperty or otherwlse tna2c�,`Jy impair the lien created by this Security Instrumen¢ci L eu d er s secutity in t e rn s�.Borrowcr may ----
<br /> "����.•,��.1. � � cure s�tch a default and reir�,'�,as provided in paragr��i 18,by causing the action.or pmcexding to be dis�arhh a raling •
<br /> ` " � that,.in Lertder's good faitii determinati4:�, preclades forfeiture of the Borrower's interest in the Pcoperty or other material .�"•'�''
<br /> %,.A; �� �" �,tyti�?"� � impairment of the tien�cre�ted by iFas�:i+ty InStrument or Lender's secatrity interest. Borrcr'er shall aLso be in default if• . � ____
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<br /> �� �'�'�:���' '8omower,during the toan a.��lIcation.�s,gave materiaUy false or inaccurate infoimation or statements to Lender(or futted � -
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<br /> � � � , :ti�pro�ide Lender with aay�:r..,aterial inFormation)in connectinn with the loan evidenced 6y the Note,insiuding,but nat limited -__-
<br /> :.°�`'. ;:`:'.:..'�'r.�,��•. • • "ta;reyresentations eoncerctii�Borrower's occupancy af the Prapeity as a principal resIdence.If this Seeurity Inswment is on a �.-
<br /> �-°•-���"�' =',;K°, leasehold, Boa[ower shal� comply'w�d��i.l the provistons of the tease. 1f Borrower acquires fee title to the Property, the
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<br /> •..�;,;,;R;;�t . , teasehoid arl+`.l�e fee tide shaly not mer„t�:�rless Lender agrees nn the merger in�vriting. • ,
<br /> _-_�<;',';�:...�.. :�`- �9:Prot�tion oi�.¢adgr s Ri�bts fn-the Pmperty.If Borrower faila to perform the oovenants and agreements contuinad in
<br /> �M"��' '" 'llt;as Securtty Instrument,¢±:uL'e;e is a legai proceeding that may significantiy affect Lender's rights in the Praperty(such as.a
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<br /> �i�"`�'`r��� • � �tac�eedlag in 6ankmptcy;+prabate*for condemnation or forfeiture or to enforce laws or reguiadans),then Lender may do and
<br /> �;: =�F�' ----- payTor w�teveris nesess�ry xo proTect Qte vaIue oF 11►e Pmpettyartd.-i�nder's rights in tir�Fro�erty. i.ender's actioits=rnay � . -
<br /> °'.;��''.�;�•;' include paying any sums secuced by a Cien which has prlority over this Securiry Inshvme�,.appearing in oourt. pztying
<br /> �' •:��` -�+.;: - .rcasonable attomeys'fees and entering on the Property to make repaiis.Aithough Lender may tJ�:acdon undes this patagraph
<br /> `:`•`»:•�`' �7�Lenderdoes not have ta do so. ' � � ____
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<br /> � � Any amounta disb��sed by Lender ander this paragmph ? shall become addItional debl of Borrower secured by this. -
<br /> .�,. ,,6.,,,;,,,�;-:•,�,;.` Security InstrumEnt..Unless Borrower and L.ender agree to other tr,rcns of payment,fhese.amounts shall bear interest from the • _-
<br /> �-�"a,�;;��:. �� • date o�distiacsert�ent at the Note rate and shal! be payabl�, v�i�ia iaterest. upon notice from Ixnder to Borrower requesting � �=-
<br /> '�'',`"`' �, payment. ' G.
<br /> ' � `���'` � 8.Mortgage I�tme.If Lender required morq�.��,insutance as a condition of making We loan secured by this Secudty � __
<br /> � � •; ��� • instrument, Borrower shs.3��ay the premiums requir�co maimain the mortgage insurance in effect. If� fc�r r�ny reason. tha �`__-
<br /> '� ''��` ' � mo rt e i n s u t a n ce c o v e t a e r u l r e d b I,e n d e r t a s e s o r ce a s e s t a b e i n e ff e c t,B o tt o w e r s h a l! a t h e r>-�i u t n g r e q u i r e d t o =�
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<br /> � ' �, :,: obtain wv�e substantjalty equivalent to thE mortgage insurance�reviausly in effect,at a casS substantialiy equivalent to the
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<br /> ;;�;,f;�;i`.'�.�,�� wst to Bottower of the mortgage insurnnce previously in eFfect.tr�m an a ltematc mortgag�insarer apFmv e d by Lender. If
<br /> ' ' substantialt uivalent mort a e irtsurance covera e is,not available.Borcower shall a tat.er.�as each uz�u;a a sum equal to �"-'-
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<br /> ' . one-twelftft of the yearly r�soRgage insurance premiucca bring paid by Botrowet when the insurance coverage�C�ssed or ceased to =-
<br /> , , • . be in effect.Lender wil�axept,use and retain these�yrr.ents as a loss reserve in tien of mortgage insurance. Loss reserve
<br /> _. t"�ff',;,':- ,.: • ' Fofm3Q2� 9190
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