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<br /> —°.- .:;::��%� ,. _. S. li�atd or Pro�t�r i�uc�e�cc. Borruwer �hdl IcoeQ�he impmvements now oxiuinQ or hecr�fier era,�tad on tba -- -
<br /> �=='�'�'` propc�h'iawrod oY�lnW 1�t�by firo. huards includod within the tem� "e�tcndnd curcra�o' anf any other hw�nds.includlna
<br /> -;�;�;' ^ floods or flaoding�fur.wbic�Lrndar�e9uircs inwrancc.Thi�inwran�e s1�W1 b�maintainod in Ihe amounls and for�he pedods �.-
<br /> ' 1 �'�' ' that l.ender�oqait�cs.7'hA incurance cwTier pmviding the insurance chall bc chusen by Borrower subjxt to Lcnder's appraval
<br /> �� �:•� whtch stwll nat bo un�ly withheld. If Borrower feils to mainu�n rnverage described �buve. Lender"�y, a1 t�end�'s �_�
<br /> �f�� +� aption.abtain wvomBe w prdoct Lender'�rights in the Properq'i�xrnrdnnce with parayraph 7• .
<br /> sr r�;:"�.: `� All insum�oe policiay ond �cnawals shull be acceptnble to lxnder And ahull include a standard moRQa�e claucc. L.�eeder `-
<br /> �� ----
<br /> '�'�:�� dwll lwve tha dphtia hnld the policia�and rc��ewals.U l.ende�roquircs.Borrower slwll promptly give�o Lender�11 rec�ipip ai -- -
<br /> ��� .�,._:s� " � pAid premiuma and renowa�nnticer.In�he event of locs.Borrower sholl�ive prompt notice to the imw�ance c�e�and L�d�r. �:=•.--
<br /> ,, .,^ , � ° ltoder rtwy mwka proof of lo�s if nu�modc promptly by Barrowcr. �"
<br /> �'" � Unt�s l.e+tder and Borro�'ver dhenvise agree in writing. insurance proceeda sha��be appliod to restorWion or repair ottl�e �_ _ _
<br /> _�°<<;- . ' p�op�rty dwtnagod,if tha restoration or rcpair is econami�ally fea�ible and I.ender's secu�iry is nat lessened.lf thc restomtian ar �s
<br /> :,� . , -
<br /> - , repair is nat aoanomicAlly feasible or Lender's secudty would t+e lessened.the insurance praeeds shall be aPplj�d to the sums
<br /> ,�.; �.-��. - -- -
<br /> _,t�LL.�:.. . sxured by thls� Sxurity Insirumont, whether or not lhen due,with any excess pnid to Bornowcr. If Bornower absuMans tl�e �
<br /> ;;_�.;.. .. property.or dnes nat anawer withb 30 days a notice from Lender that the insurunce camer Iws ofi'ered ta setUc a claim��ha�
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<br /> -:�'°�` I.ender may collact tha inxuronce praceeds. Lender may use the proceeds to repair or restore the Property or ta pay ___--
<br /> +��,M.k sxu�ad by thl�Sxu�ity Inslrument.whether or not then due. The 30-day pe�iod will beBin when the ncitice is given. �
<br />� '''�-•���.:-.. Unless l.endar and Barrower otherwise agree in wri�in8.nnY apPlication of proc�eeds to principal shall not awnd or -_
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<br /> • ��"`.'�� `_!" postpono tha due dete of the monthlY paYments referred ta in paraBra P hs 1 and 2 or chan ge the art�unt of the payment4. if �y.�_.
<br /> �°.� . ° • � under�wm�mph 21 tha PropeRy is acquired by l.ender,Burrower's right to any insurance policies and pmcceds resu��ing irom _ ____ _ _
<br /> ' ����:;:�t"� > ' da�twge t�.thG p�openy prior to 1ha acquisition shall pass to l.ender to the extent of the sums secured by this Security inKruma►t
<br /> .`� ��;:" • immadiataly prior to the acquiaition. —�
<br /> . , ' 6.payp��,y,preservotfon.lNalntennnce and Protection of the Property;Borrower's Lonn Applicationi���. �.__
<br /> ' gp�W�cEi�il occupy,establish,and use the PropenY es Bon'ower's principal residence wilhin sixty days aQer the executian of —;�`��
<br />-_ this Security Instrument and shall continue to cecupy the PropeAY as BoROwer's principal residence for at lea,t one year after ,�__
<br /> � �=-�'_'-�==,:
<br />- ,!':�, �'. � ";tr,� thc dato of occupuncy.unlasa I.ender otherwise Agrees in writing. which consent shall not be unrensonably withheld.or unl�ss �'f�—�„
<br /> � •,• , extenpntjng circumsleeces exist which are L•eyond Borrower's control. Borrower shall not destroy. danwge or impxir the �„__ �
<br /> , :'r',� Pra n�, allow tha Propeny to deteriorate, ar rnmmit waste on the Property. Borrower shall be in default if aoy forfciturc ��,,,s,�_Y--.
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<br /> "� � '��+�ti, � �� '"' �� actian ar, rnccedin . whetha�civil or c�iminal, is begun thut in[.ender's good faith judgment could result in fo�foitans of tht �,��:_;_�_
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<br /> : � � �w' '�" pra or othenvisc material�Y impair the lien created by this Security Inscrument or Lender's securiry interest. Bornower m�Y �� ----
<br /> �ns;� •i�.'_:�_-� Ptn!' ��'"'.
<br /> - `;r�.; — . cum suah a default end�eins�aio,a�p�uvided in paragraph !8.by ceusing the Ac�ion or prc�cead'+ng to be dismissed with A N mg � :":
<br /> I ',�'''� � that, In.l.ender's good faith detcrmination, precludes forfeiturc oithe Bornnwer's interest in the Property or aher mweri�l �._i_�
<br /> . � '"� impadmaent of the lien created by this Securiry Instrument or Lender's security interes[. Borrower shall also be in default if �'
<br /> � Barmwer,during the loan epplication pracess,�ave materially false or inaccurate inforn�ation ar statements to Lender(or Falled
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<br /> , � ta pmvide l..endar with any material infortnation)in connection with the lasu►evidenced by the Note,including,but nat limitod �}""
<br /> y.. � ' to,ropresentations concerning Burrower's occupancy of the Property a+a principal residence.If this Security Instrument is an a �_��_,__
<br /> ' ` le�el�n�d� Borcower shall comply with a11 the provi�ions of the lease. If Bonower acquires fee title to the Pruperty, tha ��,'
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<br /> ; � lea�el�ald and the fee tiNe shall not mcrge unless l.ender ugrecs tu the merger in writing. •- •.�'•_:;.;-�•.
<br />- . 7,Proteellon ot I.ender's Itigbts In the Property.If Aonower fails to perform the covenants and agreements containod in 'W��;�`�_
<br />` � this�So�'ucity instnrment, or there is a Iegal proceeding that m•ry significunUy nffect l.ender's rishts in the Pmperty (such as a '�.`•_�'•;,;.
<br /> pmceeding in bankruptcy,probute, for condemnation or forfeiture or to enforce laws or regulations), then l.ender nwy da+and . . w;�;;.—
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<br /> ° pay �or whatever is necessary to protect the value of the Property and Lender's rights in the Property. Lender's actions trwy r_;'-J,��,.,. ,,,
<br /> iuclude paying any sums secured by a lien which has priority ovcr this Security lnstrument, appearing in court, paying . _
<br /> ' r�onable attomeys' fces und entcring on the Property to make repairs.Although Lender may ta�e actian under this paragt'sph : ;Li:1'=
<br /> � 7, l.ender dces not hevc to do so. � �;q°`'��
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<br /> Any emoums disbursed by L.ender under this purograph 7 shull become additional debt of Borrower secured by this _ ; �.�.,,��_�;
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<br />� - Security Instrument. Unless Borrower und Lcndcr agrce to other tcmn of paymcnt, thesc amaunts shall bear interost from the ,
<br /> ' date uf disbursement at thc Note rute and shall bc payable.with interesl, upon notice from Lender to Borrower requosting � �..,_.-• ,
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<br /> S.Mortgage Insuranee.If Lender required mortgage insurance as a condition of making the loan secuced by this Security � , .Y,; ,
<br /> Inst�ument, Borrower shull pay thc premiums required to maintoin the mortgage insurance in effect. If. for any reason. the ' .
<br /> mortgage insurance covemge required by l.ender lapses or ccases to be in eifect,Borrower shull pay the premiums required to � ,'•;''
<br /> obtain coverage substantinlly equivalent h�thc mortgoge insuranre prcviously in cffixt,at a cost substentially equivalent to the � �•.
<br /> cost to Borrower of the mortgage insurnncc previously in effect.from an altcrnatc nx�rtguge insun:r approved by Lender. If
<br /> substentiall�• equivalent moRgage insurancc coverage is not available.&�rrowcr shull pay to Lendcr cach month a sum equal to
<br /> onc-twelfth of thc yearly mnrtgagc insuruncc prcmium being paid by Bi�rmwcr whcn thc insurancc ci�vcrs�gc lapsed ar ceased to
<br /> • be in effect. L.ender will accept,use and rcwin these pnyments us a los. reservc in lieu uf mortgugc insurunce. [.c►ss reserve , . .
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