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<br /> ��'�J° s�.; �' , 4,Fire,Elood and�ther Hazard Insurauce. Bonawer shall insure nU improvemcn�s un thc Property,whcUier now in �
<br />,s..,:;,,• • fire, for which I.endsr requires _,
<br />"="�'°`^~� � existence or subsequently erxted, agninst uny ha•r.ards,casunities,and contingencies,including
<br /> � tnsuranco.Thls insurunco shaU 6e mssintnin ow in oxistencesor�ubsevuently er�ected�Sainst loss by floods[o the extent rcqu'ucd �.'
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<br /> •-�:�""'�` vll improvements an thc Property.whc�hee
<br />„�.;,,,_�t�`''' �y �ho;ccr�L;ry, All insur�nce shtil9 Ue ce�ried with compunies approved by Lender.The insumnce poQcies and nny renewals�
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<br /> a,�:, ,_ s��� �.�����.�L,�,n»�,•;�;��hau i��t��de tosa nayabte clauses in favar of,and in a farm accc{��able w.Lender.
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<br /> [n Uie event af loss, Borrower shuU give Lender immcdiute nodce by meil. Lcnder may meke praof of loss if not mede �
<br /> ' promptiy by Boaowar. Encli insurance company concemcd��tier�y�=�o�o �e��t��p��s n y l�e Applied by �
<br /> -.:'i�:,° direc Uy w i.en d e r. i n s t e a c l o f t o A o r r o w e r n n d t o I.e n d e r�o Y Y -
<br /> " "�'� Lcndce. at its opaon, either (a) to the reducdon of the indebtedness under the Nota and t h i s Se�uri�Y �S�m e n t, F'u s t u� a n y _
<br /> '=r'��ros� h 3,and then to re a ment of principal,or(b)to chc reswrution or rep�ir of� �
<br />-=�����'� delinquent amounts epplled in�te order in paragrap P P Y
<br /> -"'=-'��!�_�� �e�y��ptop�rty. Any applicadon of[f�e pruceeds tn tt►e Principal shll not ext�nd or postpone the due dute flf the monthly
<br /> -------= payments which are refeaed w 1n ParaSraPh 2.or change the amount of such payments.AnY axcess insurance proceeds over aa
<br />-m"�=� amount required to pay all outstanding indebudness under the Note and this Security u►smiment shell be Paid to the entiry legally `
<br /> -- —• endtled thereto.
<br /> --� In �he event of foreclosure nf thls 3ecuritY Instrument or other trunsfer of tide to the Property that extinguishes the _
<br /> �Y - utdebtadness,all right,dde and lnterest of Bocrower in nnd w insurancc PoU��es in force shall pass to the purchaser.
<br /> :T���,�'�� Borrower's Loaa Appllcatlon;Leaseholds.
<br />�� S_p�r�RAncy�Preservadon,Mainten�nce and Pr�tBo 0�=t9 p�c pal esidence within sixty dayg a��r the exe,cution of
<br /> _---- 8ortowu shsll occupy,establlsh.and use the Propecty
<br /> �--� thiy ge�uri,ty Insuument end shall continue W acupy the Property as BonaWe��g P���P�r��ence for at least one year after the
<br /> -� dato of occupancy, unless the Secretary deteimines this �s��nn��Bo ower�shall nutifY 11..ender of anyrextenu ting
<br /> exunuadng clrcumstances exLst which are Ueyond Borra
<br /> circumstances.Borrower shaU not commit waste or desiroy,damage or substanG'a11�e���i�a�Oc �ab 6doned o�the loan
<br /> - � deudora:e.reasonable wear and tcar excepted.Lender may inspect tha PropertY� Borrower shall also
<br /> is in deFaulG Lender may take reasonnble acdonito protest and pResee re sua��Y�te or inaccurate�o��on or statements ta
<br /> be in default if Bormwer. during uio i�ai��Lc..�on gr��.o-
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<br /> ---� L.cnder(or failed tn provide Lcnder with anY material infarmatton) in connecaan w[th���a princ pal res dence. If this Security
<br />� but not limited to,reprr.sentadons concerning Boirower's occupancy of the PropeatY
<br /> -= Instnimen�e leasahold artd fea ti e shall not be merged unless Lender V�SaBrees to the mer8 in wriangWer acquires fee dde w t1�c
<br /> _ Propeiry.
<br /> 6.Ctwrges to Borrower and Protectbn ot Leader'�Rtghts in the Property. Borrower shall pay all governmental or
<br /> municipul chazges, Cu►es and imposidons that are not included in paraSralxh 2• Bon°w�shall pay these obligations on tima
<br /> dirxdy to the enrity which is owed the ps►yrnen�If failvre to pay would adversely affect I.endar's intuest in the Property.upon
<br /> Lender's request Borrower shall prompdy farnish to Lender re�eipts evidencing these Payments.
<br /> _ �gonaWer fails to make these payments or the payments required bY paragraPh 2.or fails to{►uform anY other covenants
<br /> and agrxm�u contained in Qas Securiry Insm�ment,or there is a legal proceed'u►8 that cnay significandy affect I.ender's rights in
<br /> thp property(sach a9 a proccedln8 u►banktuptcY�for condemnation or w enforce laws or re:gulations),then 1-ander may do and
<br /> paY whatever is necessary to Prote�t the value of the Property and Lender's dglus in the PcoP�nY�including pay�ncnt of taxas.
<br /> I�amrd insnrence and other items mendoned in paraSraPh 2•
<br /> Auy amount-9 disbursed by Lender nndu this paxagraph shall b�:ome an additional debt of Borrower and be secured by this
<br /> gccuriry InstrumenG These an►ounts shutl bear interesi 4ua�ti+o�u.of d�.•b:us=m?nr,a�the Nnte rate.and at the opdon of Lcnder.
<br /> - shati bo immediauly due and payable.
<br /> - 1.Condemnation. 'I1�e proceeds of a��y award or claim for damages. direct or consequentisil, in cons�e�tion with any
<br /> - condemnadon or other tsking of any pact of the Property,or for conveyance in place of condemnadon,are hereby assigsed and
<br /> shall be paid ao Lender to the e�tent of the full amount of the indebtedness that remains unpaid under the Note and this Secnrity
<br /> - = Inse:ument I.ender sliall apply such proceeds to the mduction of the indebudness under the Note and this Security Instru�n
<br /> - fust w any dellnquent arrtounts applied in the ordcr provided in pa�aSraph 3,and then to prepayment of principal.Any app'
<br /> °°�-�°--��� oF du proceeds tn the principal shall not extend or postpone the due date of the monthly payments,which are ccferred to in
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