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' '.�....�_.�... - ' - _ <br /> • • ���� �/�N6/��� ' <br /> s.HpaArd or Properiy Insuranoa Bonowu shatl keep the Irmprovements now exlsdng or h��an t�Pro�+ <br /> insund egainst bss by firo.ltazarda fncludad wld�in Ne tesm "axwided coverage" and eny other h�rds.lnaludiAg ilonds cr _ <br /> flooding�Yor which I�der raquires iasucenca This insurence ahall 6o roaintsdned ln tha amouna and for tbe perloda thu Lendu <br /> requirQy,The�surance,ca�cicr provldi�g thc insumace r,b�ll te chnscn by Banoeier s�tbfoct to L.ender's eppmval which shell not , <br /> be umrawnably wt�t,heid. 1f Bomowu faiis w maiumia covap�ge desaibed above,Leader may�at Lender's optbn, obtain <br /> oover$ge w pr�tect Leader's rlgtits in the Propeaty in acoordance wIth pAra�[aph 7. <br /> AU insurauce polldes and reaevuels abaU be acc�ptable to Lender end shail include a standard aastge8a clause.Lender eha11 <br /> hava the right tio hold the policie,v and ra�swals.If Ltada requires.Hon+�wer sh�ll promptly glve to Lenda all rocaipta of paid <br /> p�ruaiums and renearal notias.Ia the ave�t of loss.Bormwer shall gtve psompt nodca to the insurenca c�rier�nd Lenda.L,endu _ <br /> may a�1ce�oof of loss if not made promptty by Boarowu. <br /> Un1as9 Lrendet and Ho�rowa odieswlae agi+ae in writlng.jnsivanoe Pmcee�s siu�11 ba�yplied W acstaradam or s�gair ot tl:e - <br /> Ptopaty damAgod,if We restoratbn ae rqiatr is economk�iPy feaslble u�d La�da's aaurity i�nat lesaenad.If tha nsWrxdon ar <br /> rep�is aat awnomically feasibb a Laukr's sacurity aouW be lessened,tt►o tnantanca pcaceoda ehsll be epptiod W tha suma <br /> socured by thi�Suuriry InstrumerU,whother or not then due. with any oace�a paid to Borrowv. IP IIoirowu Abandona the <br /> Propaty.or doe�not enswa vrlthin 30 E�y�a natke f�em I.encki�lut eho insuranca can�a tw offerod to aeplo A eWm�IhoA <br /> LaMa utiy collact the inaurence ptocead.�.Lenda rtury we tGe proceeda to[epah or nstote the Properiy a to p�y sua�s secumd <br /> by thia Secuttty Ia�sumet��whdha ot not tha►due.�t1io 30�y petlod wiU begin whan the notkx+la givcn. <br /> Unkaa Le�det ond Borrowa otliarauo�oe�n wrtdn8�snY+�PP�ation of proceeds ta prtncipai ahall not e�ctend or postpone <br /> the due dato of the monfhlY PaY��nte rotand to in psra,g[�plis 1 ead 2 or ehanga the artwunt ef tlu�pvyma►b.If unda pa�a�►h <br /> 21 tha Pmpaty ia acqulred by I�,Hoimwer•a rlght to any insurs�nce polides wid pmce�ds nsulting G�era damnge to d►e <br /> p�opaty pricx w the acq�isidon stuU pacq w Lender W tha oxtnat of the suma sactued by thls Searmity Instrumant Immedieroly <br /> p�rior w the acq�iaidon. <br /> 6.Oocupan�y�A�eaervation�Mpi�a�tenswa and Prota�lon ot the Pe+opatyi Borrawer's I.aain AppUcationi l.wse6oldn. <br /> Sotmwu shall accnpy.establ�rth.and use tha pronaty ag Bomowa's p�incipal res�noe wlthin skty daya efte�tbe exacutbn of <br /> this Secuiity L�tcument and sball continue w axupy dte I�mpaty at Boaowa's prineipnl residcuca for at le�t orw year after the <br /> date of oocupancy. unlesa Leada�thawisa egcoes in arldng.which conxa�t et�all not bo unreasombly withheld�or unlacg <br /> eutenneting dreumstancas ea�sc ahich are boyond Botrower's c�ntrol.Bornower ehaU noc des�oy�damaBe ar impair tha Pnopaty. <br /> a11ow tha Fropaty to det�iorate. a comm{t wesse on tha�ieopaty. Bonower si�sit ba in c�nfeuit i€aay f�,'f�� str <br /> pr�g�ahether dvll or cdminal, is begun thet in Lender's good faith judgment coWd result in forfeiaue of tha Propaty or <br /> o�hetwlae matexlelly impaft the lie�cnated by thts Secnrity Instnut�ent or Leaida's socuirlty interest. Bornower may cun stxh� <br /> �)etault and xdnatata.as pmvtdod in pecagreph 18.by causing t1►e actton ar pmceodin8 to be d�nissed wItb a rullng tbat,in <br /> Iaender's good faith daem�na�on.lxocl+�de,v forfeiwre of the Botrower•s�ntaest in tha Pt�qx�sty or oilia materisl impa�ment of <br /> tha 1kn aeaud bY���Y�t a I.eader•s sxurIty interavt.Honawa shalt also be ia default lf Bonower,d�ring t!� <br /> baa oppNcatbn process.Save matutAlly falae a�inaccurate information or s�ts W Leader(ar faikd w peovlde I.eudet wlth <br /> au� nwtaial infeematton) in aonmction with the loan evldenced by tho Noto,iueludiug,bnt aot limiud tfl�repraserttedons <br /> caaomniag Botrowa's occupene,y of tbe Pmpeity as a prk�cipal resWertca If Ihie Securlry Ins�unent is on a teusehold,Boaower <br /> shaU oomply wlth all the provlslons of tha lease.If Bosower ecquires�as Wle to the Pi+opaty.the len.se8old msd tbe fea dtk ahail <br /> not aKrge ualass L+eader e�re�w to tba merger in wrtting. <br /> . y.Ptnt�xdcai of Leadrr'a Rf�Ms in the Property. If�arowa faits to prsform the oove�ar►ts end agxoemans oantained ia <br /> this 5acusIty ItnWmu►b oe there is a ie8�P�8�?��Y s�i&s�►tiy a�bet Latdet's rlghts in tho Propexiy(sucb as e <br /> Pi��8 fr+�P�Y.I��.[or condannatt�n ar forfe,inue ar tp mt'aoe mws or ngulotions)�then I�enda ma�y da and pny <br /> far wlwteva is neoeuary to protoct the vNue of tho P�pperty and J,re�da's rlgbts tn the Prapeity.Lender's�ctioas may�nclude <br /> �Y�B �ny swna secural by a ika wbich t+as prbrtty oves Ws SccurIty Iasuuraw� appeacid8�a cou�, paYinB seasonaEle <br /> atoomays'fas�ad aatering on tho Y�vpaty L�make npaira.Atthovgli Leader a�ay teka actiot►unda tbis pena�aph 7.Leader <br /> doc�noc hsva to do ao. " <br /> Aay e�nounta dLsbvrsed by I�eadrs uadec thia pma�aph 7 shell bo�omo addidoael debt of Roimwet secured by this Secutity <br /> Ia�t UNess Bonowu and Leaider �ree to otha te�ms of Peyraart,thaa emounts sh�ll baer intr�est froxn the ds�e oi <br /> dtsb�usement af thm Note rataand st�ll bepayable,wIW interest,upon aodce fromLenda to Bonowa ral�8 P�Y�� <br /> A.Morf�s�e Insurnna. If La�cltr required unortgaga insuranca aa a coadidoa of making tt►e laan secared hy thls 3acurIty <br /> Insmmu+►t, Harower sheU pay the permtums required oo maintain tha mortgage�nsurance in ai�iact. 1f,fo;any reasae. the <br /> mortge�a insuranoe covaage erquired by I.eader lapses or aases W be in ef�'ec�Bonowu shall pay the�rendwns reyuired w <br /> obtain coveraga suBs�►tially oquivaleat to the mortgage insuianca,provlously in effa�t.at a cost eubstantially cquivaknt to tha <br /> oost to Bonower of the mortgage insufance prevlously in affeck fcom an altanata maztgage iruuru appcovod by Leader.If <br /> sabs�dally eq�ivakiu mortgage insurance coverage is not ava�ablo,Boimwer shsil pay to Lendv e,ach m�nth a sum equa!w <br /> on�twalfth of tho yeariy moitgege insurance pnmium being paid by Horrower ahea the Insurence coverage lapsed or o�sed to <br />- be in effa;t.Lender wW eec�pt, use and retafa these paymeats a4 a loss r�va ia liw of mo�tgega iasuwnco.Loss rressava <br /> Fo�s04e�roo <br /> �•eR(N�ro��s� aap•�me . �nmau: <br /> " .rw:.,,:: a <br /> �,���-�.�_- � --• . , . .�� , "".�r -���.`,,��ry ,. 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