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<br /> � 95— i�'�359 t��-�
<br /> , S. a�ezprd or Progearty Iavurance. Borrower s1�a11 keeP the lmptovementa now exlating or hereafter er�ted on the �•
<br /> ., • . Property insured agatnat loss by flre.hazarAa included withia the terat 'eatended coverage" and any other dazerd8. iacluding t�.,h;
<br /> „ ,, flooda or floodiag. for which Lender mquires�nauraQCe.77�is iasuraace ahall be m�iatalned ia the araouata ead for the perlade
<br /> that Lender cequi�e.a.The inaurea�cerrler providiag the instuasce shall b$chosen by Horrower subje�t to Lender's approval
<br /> wl�ich sltall not be unreasonably wituheld. If Bornower fails to maiuwiu cuverage descrlt�ed above, Leader may. at Lender's
<br /> . option.obtain covesage w protect Lender's rlghta ia the Propetty in aacordence wltd patagaph 7.
<br /> Ait insurance pollcles ead reuewals a6a11 be aGCCptable w L�ender and sh�ll Include a standard mortgage clause. Lender
<br /> ` :' �� shail have the right to hold the pollcles aad renewals.If Lender requires.Bc�rrower shaU pmmptly gtve W Lender eU receipta of
<br /> paid premiums aad renewal noticea.In the event of loas�Bormwer ahall gives prompt nodce to the itisuraace cattter end Leader.
<br /> .�' Latder may make proof of loss if not made pmmptly by Borrower.
<br /> :-�;�„,,�w*r::: UNess L$nder and Borrower otherwise ag�ee fn writing.insurance Ptoce�s�hall be applied to restoratlon or repair of the
<br /> �' property damaged. if the restoratioa or t+epair is economically feasible aad Lxader's seauity is not leas�ned.If the reawration or
<br /> . :' � repair is aot ecoaomically feasible or L,ender's security wonld ba leaseaed. the inauranc�proceeds ehall be gPAlied to the sums
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<br /> � �'` � secured by thia S�auicy Insuumens�whether or aot then due,wlth any exceas paid to Bomower. If Bomower abaadons the Y:=
<br /> . " � Property.or dces not answer wlthia 30 days a notice from L,ender that the inaurence c�rrler lias offered to settle a claim. thea �_`
<br /> to or restore che Pro or to pay swns �.:_
<br />_ ��� Lender may collect the insurano� proc�s. Lender may usa the proceeds re�a' Pem' �
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<br /> :•�.., . ",� secured by this Secudty Instnunent�whether or not then due.The 30-day pe�tod wD1 be8tn when the notice is gtven. �;�_,
<br /> UNess Lender aad Borrower othenwise agcee in wdting, anY ePPlic�on of pmce�cis to princlpal sha11 not extead or
<br /> �°� ; J�� postpone the due date of the monthly payments refemed to in paragcaphs 1 aad 2 or change the amount of the paymente. If
<br /> - . ,�,i under paragraph 21 the Property is a c q u i r e d by L s a d er. H orrower's d g ht to an y Iusurance goifctes and procceds resulting from =.�
<br /> . .,; e w tha Property prior w the acquisition shatl pass w Lender w the eatent of the aums secured by this Securlty Insuument �°;=
<br /> � ��::�; �s —_--
<br /> � .i immediately prior w the acquiaition.
<br /> ;.:����. ,. A,.r.a4-� 6.Oocup�ncy.Presrra�ation�.Matut�nance end�i+otect[oa of the PropertyiBon+uwer's Loan Appltcation;Leaseholds. �;___
<br /> .. .. , � 8orrower ahell axupy,establlsh,and use the Property as Borrower's principal residenx within sixty days after the executian of ��'�
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<br /> ,:n ,�,:•¢� :.;,::• this Secudty Inauument end shall continue to occupy the Property as Bomawer's pr�clpal residence for ai le�st one year after �';�%��
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<br />_ � ::. <;�r +� the date of oocupancy.ualess Lender othera�ise agrees in writin8.which consent�dall aoi be w�reasonablY aithheld,or�anlesa —
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<br />- � • •, '�. `: B�enua�g �Ircumstances exiat which ara beyond Hormwer's cona+al. Bornower shall not destroy. dawa8e or impais the
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<br />- Pmperty. atlow the Property to deterlorate. or commit aeste oa the Property.Borrower shall he in defatilt if a�r forfeiture _
<br /> --�:�-n ��. ��' �� acdon or pruc�dinB�whether civil or crlminal.is b�un that in Iender's good�ith Judgmeat could resnit ia forfeiuua of the
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<br />,`:�.�.1 �� � ProP�rtY or otheiwise materially imPair the liea cmated by this Secvrity Instruaneat or Lender's secudty interest.Borrower may
<br /> --°;• -•"` eure aueh a default and ninstate�as provide0 in paragcaph I8�by cauniu�ti�a�Imt=sr graccedfae to bs d3smis�wirh a ruling , --
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<br /> .�,:.,,��.� - ,,: that� in Lender's good faith determination. Precludes forFeitut+e of the Borrowet's Interest in the Pc�operty or other matcrlal
<br /> =_°�',�;:� •'. ' impairmeat of the IIen created by this Secudty Insuument or Lender's secudty inurest. Borrower ahall also be in dofauit if
<br /> � ' Borcower.durin8 the loaa application prooess.6ave maurIaUy false or inaccurate information or statements w Leader(or failed
<br /> L;���'t to pmvtde Lender with any material information)in connxtlon with the loaa�videacod by the Nou. lacluding.but aot limited
<br /> --=-�.1^,`:, � ta�rtPresentadoas mncemiag Bore+�wer's oxupancy►of the Property as a principal reaidence.If this Sccuriry Insnum�nt is on a
<br /> - q�` leaaehold. Borcower at�all comply a+lth all the provlsions of the lease. If Bonower acquires fee dde to the Property� the
<br />�-�'•'�°a'-���'�� ieaaehold aad the fa tide shaU aot merge unless Ixnder age+ees to the merger ia wdting.
<br />_r:y::.;�:_ . oonteiaed in —
<br /> ;��_�,�� 7.Pe+oteetlon of Le�da'e Rtgtita tn the Propeity.If Bomoaer fails to perfomm�the wvenAnts and a�nte
<br /> u. :s.:�w:�ae � this Securlty Instsumeat�or them i�a leg�l pmoxd�ng that may aigail�Caat1Y atfact Leader•s rlgbta ia the PropertY(such as u
<br /> _�:,:�_�= Pt�ding in bxakruptry,Pmb�e.for condemnation os forfeiture or to enforoe lawe or regiilatioas).then Leader may do ead
<br /> --== pay for whaiever is nece.asary to pmtect the value of the Pcoperty and Lendar'e rlghts in the Property. ���°PaY�B
<br /> -__-�� �(� PaY�B any sums secured by a Ileu which has priority over thia Secarlty Instmment�. ��°�gder this pategraph
<br /> �._ —�•'�-.� naaonable attomeys' fees aad entering on the Propecty w make repairs.Although L.euder may+
<br /> —'— 7,Leader does not have to do so.
<br /> Any amounts d3abursed by Lender under this paragreph 7 shall become addidonal debt of Bomoaer secund by this
<br /> .;?:�::=�!��� Sccurlty Insuument. UNess Bomower and L.ender agree to other te�s of paym�t,these amouass sHall bear Intereat from the
<br /> ' _:;..._"�:•—� nadce from Lender to Borrower t+eqtteatia8
<br /> —.--.����� date of disburaement at t�e Note rate and shall be payable.with iaure.st. uPon
<br /> , :`�-� pa�8 Moi�ge Insurance.If:.eader required mortgage ins�uacoe as a coadidoa of making the loan secured by this 3ecudty -
<br /> --------- — Ins�, Bormwer ahall paY the prenainms requiced W maiatain the mortgege insuraax in effect. If, for aay reason,the
<br /> "":-�"�:'�� mortgage insarana coverage requirtd by I.ender lapses or ceases to be in effect,Sonower shall pay the preatiums:+equirod to
<br /> - - '�_�-=-�� obtaia ooverage substantially equivalent to the mortgage insuraace p:eviously ineffect,at a coat substm»daUy equivalent to the
<br /> �'._,.l-'�� � cosc w Borrower of the mortgage insuraace pmviously in effect.from an altemste mortgege insurer appr�ved by I�en�er. If
<br /> _?�'�"� substandally equivelent mortgage insurance covetage is not aveilable.Borrower t h a l l PaY to Imder e�moath a sUm equai te —
<br /> :��-=;:'��'�� � b Bomower ahen the inauraace covcrege lapsed or oeasa!to --
<br /> :� ,�:�_�r, � one�twelRh of the yearly mortgage insurance premiam bein8 F� Y -----
<br /> '-.°:'��;:.�',�� be In effect.Leader wlll a�x�ept.use aad retain these payments as a loss reserve in lieu of mortgage in�rance. Lass reserve _-_
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