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<br /> g, �az�� aT pe�(�STty I�sttru�t�. Baaower s�a'11 keep the improvemenu now existing or hereafter erected �n thc _
<br /> t� •�•. Progeety insurcd ag�inst loss by fire.6a7ards incladed within the term"e�tended coverage° artd anY other hazands. including
<br /> floods or floadias. for�vbich Lender requires insur.uice.Tt�is insurance shall be maintained in che amounts and for the Reriads
<br /> �' ,� that l,cnder requires.Tite insurattce canier providing the insurance shall be chosen by Sorrower subject to Lender's approva!
<br /> which shall aot 6e unreasonably withhetd. lf Borrower fails to maintain covemge described above. Lender may. at Lender's °
<br /> - op�ion.obtain raterage to protect l.ender's rights in tl�Prapgrty in�r.cordance witt�paragraph 7. ��-
<br /> • All insurance poliries ami renewals shall be ac�oeptabte to Lender and shall include a standard mortgage clause. Lender �..
<br /> shall have the right to hotd the poticies and renewals. If Lender requires,�orrower shall promptly give to Lender all receipts of �_:':
<br /> ` " paid premiums and renewal notices.in the event of loss.Borrovrer shali give pronnpt notice to the insurance carrier and Lender. ��°
<br /> �'•� Leader mry make Qraaf of toss if not made promptly by Barrower. ��"
<br /> Unless l.ender and Barrawer otherwise agree in writing.insurance proc�eeds shall be apptie�to t�staration or mpair of the �r,'-
<br /> . Property damaged,if the restorntion or repair is economically feasibte and Lender's secutity is not lessened.If the restaratian or �'-�-
<br /> • • repair is aat economically feasible or L.ender s security would be lessened,the ins�srance coceeds shall be ►ied to the sums �-
<br /> ` secured by this Security Instrument, whether or noi then d¢e, witft any excess paid to Borrower. If Borrower abandons the �r.�
<br />, >: Properry,or daes nat anscver within 30 days a notice from Lender that the insurance carrier has offered ro settie a claim,ti�en _.�
<br /> • Lender may collect the ensurance praceeds. Lender may use the proceeds to rc,pair or restore the Property or to pay sums �,,;;'"�
<br /> secured by this Secucity lnstrument,whether or not then due.The 30-day pereod will begin when the notice is given. �:�'
<br /> . � Unless [.ender and Borrower otherwise agr�e in writing, any application of ptviceeds to principal shall not entend or �P�-
<br /> ' postpone the due date oi the monthly payments referred tv in paragruphs 1 and 2 or change the amount of the payments. If �~' :.'
<br /> . under paragraph 21 the Property is acquired by Lender.Barrower's eight to any insurance polici�and procee�s resulting fe'om �
<br /> damage to the Property prior to the acquisition shall pass to Lender to the extent of the swas secured by this Securety Instrument ��--
<br /> ' • immediately prior to the aoquisition. �_�
<br /> � 6.OccuPanc9,Preservation.Muin4enance aad Lah�on of the Pr+operty4 Borrower's Loan Appllcaffon;1.easehulds. .* ��
<br /> r erv
<br /> Borrower shall occupy,establish.aad use the Property ss Borrower's principal residence within sixry d�ys after the execution of '-'6�.`
<br /> ' Wis Security Instrument and shaU continue to occapy the Property as Borrower's principal residenoe for at least nne year after �
<br /> � � the date of occupancy,unless Lender otherwise agrees in writing,which consent shall not be unreasoaably withheld.or unless :����
<br /> extemiating circumsiances exist which are beyond Borrower's conuol. Borrower shall not destroy, damage or impair r� �:_:-•
<br /> Property.allow the Propert� tn deteriorate. or wmmit waste on the Propetty. Borrower shall be in defautt if any forfeiture �
<br /> _ a�oion or pmceetling,wh�'civii or criminal,is begun that in Lender's goad faith judgment could result iB�,eiture of the °'"'��,
<br /> , Property or osher�vise matea=-�ly impair the lien created by this Security Instniment or Lender's seauity iaten�.�rrower may �`
<br /> � cure such a default anci teinstate,as provided in paragraph 18,by cai:siug tl�e aaion or pmceeding to be dismi:,sed with a ruling _
<br /> � that, in Lender s good faith cletem�ination, precludes forfeiture of the Borrower's interest in the['ropesy or aci►er Rraieriai �
<br /> ' � ir+�airment of the lien cr�t�i by this Serurity Tnstrument or Lender's security interest. Borro�ver shall also bs in default if - -
<br /> ' r^�.rrower,during the toaa�:r�iication prucess,gave materially false or inaccutate iranrinadon or statements t�IIs�nder(or failed �
<br /> to provide L.ender wit9i any aaterial informarion)in connection with the loan evidzt�c�i by the Note.'sncludiug,�iut not limited ,r,,��-
<br />•.'•r�; to.representations conceming Barrower's ec�cupancy of the Properry as a principal residence.If this Secwity Instrument is on a �rF��
<br /> ;e<,�.�f,. �'??��'�_
<br /> :.<j:�?: leasehold, Ben�awer shatl comply with �� the provisions of t6e tense. If Borrower acquires �Ystle co the Property, the �;�;•
<br /> leasehold and the fee titte��ll not merge unless Lender agrees to the merger in writing. `'°=�-
<br /> a.,�„�::
<br /> • 9.Pcotect�on of I.cnd�'s Rights in We Froperty.If Borrower fails to perform tIte covenants and a;re��.�ts oontained sn y:�.,.�
<br /> • this Security Instrumeni.or there is a tegal proceeding that may significandy affect Lender's rights in the I?��ty(such as.a �q'!';
<br /> , proceediag in bankruptcy.probate.for condemnatian or forfeiwre or to enforce laws or negulations), then 1..�^..�ES may do and �� __
<br /> pay for whatev�r is necessary to pmtect the valae of tLe Property and I.ender's rights in the Frr�'ty.Lender's acti�ns�y �
<br /> e
<br /> inctude paying any aums secured by a lien wluch has priority over this Seruriry Instrumen2,��earic° � eourt. pa}�;; � ?
<br /> � reasonable attomeys'fees and enterin�on the Property to make repairs.Although Lender may take astion ��:s:his paragtaph
<br /> �a?e+�
<br /> � 7,Lender does not have to do so. � �Q;;-x;F
<br /> , Atry amounts dis6ursed by Lender under this paragraph 9 shail become additiona! debt ef Barrawer secared by.t�is • '�"�°
<br /> �. �if.t;. Sewaty Instce�anent.Unless Borrower and Lender agrae to other terms of paymeni,these ama�shall bear interest trom�i.,`�
<br /> -� date of disbwsement at the Note rate and shall be payab2e. with interest, upon notice fcom I:ender to Bonowet request:.� �;�;_,
<br /> Dayment. �--:�- .
<br /> � S.Mort�e Iasarance.If I.ender requlred mor.�.,;e insurance as a condirion of makins the loan secured by this Security �
<br /> � Ins�rument, �8orrower shall pay the Fremiums reqni�to mainiain the mortgage insurance in effecc. If, for any reason, the r
<br /> , mortgage insurance coveruge required by Lender laps�or ceases to be in effect. Boaovrer shall pay the premiums requin:d to =:
<br /> � obtain cover�,,e substaatially equivalent to the mortgage insurance previausly in effect,at a cost substantiapy equivalent to the ---
<br /> : Y'. cost to Bonower of the mortgage iasurance previously in effect, from an altemate mortgag�insurer approc� by Lender. If ��:.�;:,
<br /> . substantis►lly equivalent mortgage insurance coverage is aot available.Bonower shall pay to Lender each nx�ia a sum equal to ���_,
<br /> � one-iweltth of the yeaziy mortgage insurance premium being paid by Boaower when the insurance coverage L�Ysed or ceased to � ;
<br /> be ln effect.Lender will accept.use and retain these payments as a loss mserve in lieu of mocrs��e ins¢:-.:�x: Loss reserve --
<br /> �;:';;'; .. F^rm30t3 �"30 �'-.
<br /> ' Page 3 ot 8 �+�
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