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<br /> . � 96- �1�3�� �_
<br /> , �. Na�rd or Properiy Ia�a�sn�. Borro�rer sdall keep the im��vemeats no�v existing or heresRer er�cted on the �'
<br /> . . Prcperty insrred a�inct toss by fire.ha7ards inciuded within the tetm "extended coveraga"and any ather hatards, inc[adi� �-
<br /> . ° f�aods or flooding� for�vhich Lenaer requiras i:isurartce. This insurance shall Ise maintvned in tke amounts and for the periods �-
<br />. ihat Lender requires.'I7te insuxance carrier pmvi�ing the insurance shall 6e chasen by Borrower subject to Lender's approva! �:=
<br /> ; �4 �vhich shall rtot be unreasm�ably withheld. If Borrower fo31s to maintain coverage desca�'bzd above. Lender muy. at Le�der's _
<br /> option.obtuin mversge to gYOtect Lender's rights in the Property in a000rdance with paragrapb 7. —.
<br /> . � All insurance policies and renewals si�all he acceptable to Lender and shall include a staadard iuorzgage clause. Lender �
<br />. -- shall have the right to hold the policies and mnewals.If I.ender cequims.Borrower shall prompdy give to Lender all receipts of �_
<br /> , . paid preminms Fuxt�renevral nntices. In tbe eveni of loss,Borrotver shaq give prompt notice to the insurance carrier and Lender. R�
<br />� , Lender may make proof of toss if not made promptly by Borrower. –^�
<br />____ ����������������,ina�ran�ptoceeas sh�11 bz applied to restomtion or rqxiir of the ": '
<br /> ' Property damaged. if the restoration or repair is economiplly feasble ansl L.ender's secnriry is uot lesseaed.If the restoration or �_
<br /> • cet►anr is aat eainomically feasible or I.ender s security wonld be lessened.the insuranoe prooeeds shall be applied to thz sums
<br /> ''` ` secured by this Securiry I�strnment,�vhether or not then due.with any excess paid to Borrower. If Borrower ahandons the
<br /> Property,or does not answer within 30�days a notice from ixnder ttiat t6e iasurance csurier has offered to settie a claim, ther► �
<br /> �� Lender may colloct the insuraIICe prucoais. Lender may use the proceeds to �pair or restore the Property or to pay sums `'
<br /> " secured by this Security Inst�neut,wtretfr�r or nat then due.The 3Q-day periad will begin when the notice is pvea. ��`__.
<br /> ""'"� ' Untess Lender and Hormvrer ut6r�cu�e agree in writing. any application of proerzds W principal s6all ant eatenc!or � '
<br /> :yir,
<br />' . pastpone the.due date of[�e ma�y p�ymenis refeaed to in paragraPhs 1 and 2 or change the amount of ti�payments.If =�^_�"
<br /> uader PatagraPh 21 tfte Frogrsi;Es acqui�ed by Lender.Borrowes's r�d to a�y incmm�tx pollCies atzd pTOCeeds[esulti�rtg f2oAI �.'.
<br /> ,� damage W the Property prior to ihe acqnisinan shall pass to Lender bo fi�e eatent of the sums secured by this Securiay Instruas� —``
<br /> � immediat$ly prior to the aoquiRtion. �:,.
<br /> 6-Oocapancy,Presc�vuf#�a,Niaintenauce and Ptviedton of gte�perty;�Qrrower's Loan Agpltcatinn;I.easeltot�-
<br /> ,„r� Borrower shall oaupy.est�IllLd�and use t6e Property as Borrower's pdncipal r�fdr�se vrithin sixty days after the exea�oa of
<br /> • thls Security Insuument and`:�Ii conrinue to accupy the Property as 8crrower's�mcipa!residence for at tcast one year after --
<br /> ,�,. � �
<br /> •. ;�;s _ the date of aowpancy,uniess Lender athECCrrise agrees in writing.ashidr.ooasent sizail not he uureasonably withheld.or untess
<br /> '.:?:;f3 extenuating circumstances exist wiuch �bcyu�d Bonower's canu�lf.. �amowes shall not des�oy, damage or impair the
<br />. , ,. Properry, allow the Property t�o dexeriorate,ar oa�cii�sste on the Et�r�erty. Barrower s6a11 be in defauIt if any forfeiture
<br /> as¢ion or proceeding,nrhett�c�vil or criminal.is be�sn+I�at in Le�e�s gvad fai�;udgment coutd msult it�fiu�iture of the �`
<br /> ,:�,- P�ope»y or othGnv�se materiaEF�f impair the Gen creata�by tWs Secupity Fi��t�arr�u�cs Lendar's secar�ty interes��tirrowar a�y
<br /> �..r�'� cure such a defa�ilt and reinssate,as provid�in paragcaph 18,by c�s�nr5•.i.�e��.�r.or praceeding w be dismissad with a iuling -_ -
<br /> �;:,,, thai, in I.ender s gaod faith deizrminatiou,pmcludes forfeiture af tifie�r�am�'s'intemsi in the Property or other material
<br /> im�airment of t6e lien creur�8y tius Security tn��^x or 1���s�uri3y i�:rest. Borrower shall alsn be in default if
<br /> - . Borrower,during the loan a{�'��rstion process.gave mz�;r�,c1�«.�T ay,_�cr�aceui�e��rr,.,nah'on or statemeAts to L.ender(or failed
<br /> � . tm provide Lender with any�ra�sial information)in con��u�a.uit c�:�aan�u�a�d by the Note,including,6ut not limited _
<br /> . :;R'' to,representations concetning�ir,�ower's excupancy of the Prop:-rty��.��rine�at residenoe.If this Serurity Instn�ment is on a �::.
<br /> Ieasehold. HumQ•.�r shall com f �vit6 �.the rovisions of the i�: If Borrower a f�titIe to the Pro �
<br /> ..,;'�� ... Hum P Y P �9uims PertY•.t�
<br /> � � l�ofd aad i�e��riue sha�not merge unless Lender agree.s to the m��r in writing. �
<br /> �-'�7.Pt+oie�irru ot L.eadrx's Idi�tts In the Pro�.rty.If Bonov�er fails to perfomi the wvenaats aad agreemenu contaiaed in
<br /> ' , this Security L^ssrumeut.or there is a legal proceed'wg that may significamly affece i.ender's rights in t6e Property(such as a _
<br /> � . pmceeding ia�'sniptcy,probate, for condemnation or forfeiture or te.enforse laws or reg�lations).then Lender�ay do and
<br /> pay for ahatt�:�is nec�sary to protect the aalue of tbe Properry ar�'i L.�nder's rig�ts in the Prqperty. Lepder's act�ons may —
<br /> .' Inc4ude pay�:�y swns secured by a lien which i�s priority o:�rvs Seauity Instrument, appea�ing in court, paying
<br /> �• reasonable attameys'fees aad entering on the Propeny to make repairs.Althongh Lender may talte acii�n under ttus parngraph ,
<br /> 7,Lender does noE have to d:�so. � �
<br /> '` � � My am�,;.�'s disbur�.by Lender unde:this paragraph 7 � �'�'�eCOme additional debt of Borrower secur..d by tt�is
<br /> -:,�}� . Securiry U�ri.Untess Borrower anc�.�F„er..der agree to other t�a�s��f payment.these amoimts shall bear Qntamt from If�
<br /> � �`!�'�'` date of disbu.+�rer►t at tfie Note rate an��Lnall be payable. with i��st. upon norice from Le�er to$oaower�gu ��++� •
<br /> • ��,
<br /> . P�'a�nt• � . ' � � '� —
<br /> � 8�Mortgage Ins�ee.If Lender required mortgage insurnnce as a condition of making the loan secured��'�n.is Sc�azrity �'=':
<br /> � �� Instnia�ent, Borrower shall pay the premiums rzquired to maintain the mortgage insurance in effect. If, for any.re3son,�e ���_
<br /> mortgage insarance coverage required by Lender lapses or ceases to�tc in effect,Borrow�er shaU pay the premiums required it�:
<br /> . � � a9tain coverage substantially eguivalent to Ne mortgage insurance pn:asrousSy in effect.at a co�t substantially equivalent ta if�r'c:
<br /> oost to Borrower of the mos�gage insurance previously i�effect.fr.ti�an altemate mortgage insurer approved by Lender.If _
<br /> ' substmmtially equivalent mortgage i*+��*a*��wveiage is not a�ailahle,Borrower shall pay to Lender each month a sum equal to
<br /> � � or�twelfth of the yearly mortgage ias�ancc premium 6eing paid by Borrower when the insurance ooverngc lspsed or ceased ta —
<br /> •- be in effec�LenQer wili accept,use and retaln tltese payments as a tuns reserve in lieu of mortgage ins�ance. L.OSS YGSCNC
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