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<br /> --� 92- i�'�'�' -
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<br /> ���"`�'�'=�' ��� • s� �rd or propaiy lp�urauce. Horrower shnll keep the improvementc nc►w exirting �►n c�reaf�cr crcctod on tho
<br /> "`�1 A�"1O11i�a=�• �� ,Propeny insured a�einct loss by firc, hazwrds lncludod withM the term "extcndcd c�►vcr�gc" u�xl uny �►thcr hui�rdx, includin�
<br /> ��`'A°""''�P"''""'-'�'----�' floods ar flaoding,for which l.ender requires insurance. This insurnnce shall tx:maintuinaJ in �hc onw�umx und fi�r�ho perfodr
<br /> ;`1��";' . .�, .
<br /> � • • a that Lender requires.The insurance carrier praviding the insurance xhall be cho�en by Dorrower �ubjcct to Lende�'s+wppmva
<br /> ? .e��-"`.�'�'`"'� "�� which ahall na be unrensonAbly withheld. If Bcmuwer fails ta meiotain coverage deticrlhed uM�ve, I.onder muy, at I.enJer'r
<br /> ' " �• ' ^+� option,obtein covcrage to protect Lcnder's rights in the Praperty in accordc�ncc wilh purs�gr•rph 7.
<br /> '�' ��'��t `,".,'� . All insurnnce policies and renewals shall be acceptable to Lcnder and shull includc o r�tandurd mortgagc clause. l.cnder
<br /> ... ...
<br /> ;..
<br /> °__,�+_..:,;_.:-- ehall have�he right to hold the policies und renewals. If L.endcr rcquires,Bormwer shall promptly givc to l.cndcr eU rci:efp�s o
<br /> � �. paid poemiums end ronewal noticex.In tha event of loss,Barrower xhult give prampt nutice tu the insur�nce c+�rricr and Lender. � - •�-�—---
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<br /> Lendcr�rwy mmi+kke proaf af loss if not made promptly by Banawer.
<br /> � ''�' " ��-'' Unless Lender and Borrower otherwise ugres in writing, insurence pr��ceds sha��be aPP����d����'tarutiun o��cpair of the
<br />,� � " � � . Propeny damagecl,if the restoratian or repair is econamically feusible and Lencle�'s security is not Iessened. If the restoration ur —
<br /> ` � " rcpair is not economically feasible or Lender's security would be lessened. �he i�surnnce prcuceds shnll Fx Applial to the sums _
<br />�a' : �:.,.,'•.:t::. :„ � cxured by this Security Instn�ment, whether or not �hen due, with any excess paid to Bc�rrower, 1 f Borrower abandons the �
<br />;;i �� ' � "•- ° p roperty,or does no t answer within 30 da ys a notice fa�m lxnder that the insuronce curricr hus offered to se1Ue a claim,lhen `,..-- _•
<br /> i, : � � ' l.ender may collect the insurance prc►ceeds. Lender muy use the pracoeds lo repair or restare the Property ar to pay sum�
<br /> � � .;:���'?�%•_Y�'• securcd by thie Recurity Listrument,whether or not then due. The 30-day period will begin when thc notice is given. �__�_�
<br /> '=-� ' - Unless Lender and Honower otherwise agree in wri�iug, u�iy app{icadcn of pr��::.ds to princip�l sha!! nos exteed o� �p.'�_�, -
<br /> :', '' "r' j postpnnc the due date of the monthly payments referred to in paragraphs I und 2 or chAnge thc amount of the paymcnts. if --;�.;:_
<br /> under parngrnph 21 the Propeny is acquired by l.�:nder, Bonower's right to any insurance policfes and proceeds resuldng from _
<br />� - - � dumage ta the Propeny prior In the acquisition slwll pa.gs to l.ender to the extent of the sums secured by this Security Instn�ment ` ,Y_
<br />� � imtnediately ptior ta the acquisition. ------
<br /> :,;:,;��j,�;��^:•: . 6.Oocupancy,Preservation,Malntenance and 1'rotectMn aP the Ih�operty;Borrower's I.aan Applfcationt l.easeholds. --
<br /> n'�;;:':::�'• Bonower shall occupy,estublish,and use the Property us Banawer's principal residence within sixty days++fter the execution of i __
<br /> ..,tti., . -
<br /> ;.,,;.; :.:�•:�����;; • , �.�; this Security Instrument and shall continue to occupy the Property as Borrowcr's principul Msidencc for at Ieast one yeAr aRer ��,.,�'
<br /> �1l.'� , ;; the date of accupancy,unlesa l.ender otherwise ugrees in wrl�ing, wbich consent shall nat be unrcawnably wilhheld,or unless t�i�,� t :� r _
<br /> 5��.:�.'� � • . ., �� ,. Y, B' P �u�....��-
<br /> •., extenuating circumstanc..s eaist which are beyand Borrower's control. Rorcower shall nat destro dAma 4 or im uir the �_:.�_
<br /> ��,�;��•�.;� ' • '� : :��'�;� Property,allow thc Pmperty to deterioratc, ar commit waste on the Property. Borrowcr xhall be in default iP any forfeiwre - t��_�T
<br /> �';.. �;."
<br /> ;,.�•. . , action or praceeding, whether civil or criminal.ix begun that in l.endcr's gaud faith judgment could result in foriciwre of the �_'�,��tFN;L°
<br /> � '° �y � " Property or athenvise materially impeir the lien created by this Security Instrument ar Lender's security interest. eorrower may ��, � �_�
<br /> i ,�,��>
<br /> � ;���.�,:,,;, .�`�' .�,� .�.;. cure such e default and�einstate,as provided in paragraph 18,by causing the action or pracccding to t►c diamissed with a niling ��,�1�S 'f}a;3'�;'
<br /> ��� �•"_.,',�= that, in Lendcr's goal faith detern►ination, precludes forf'eiwrc oi thc Borrowci s intcres� in thc Property or other matcriel d�' �����;;;�•,..
<br /> ,,:�!^_,� '' �_
<br /> :,�'�i '.•�'.•ji•!�-r� �`•-�;i;: impairment of the licn created by this Security Instrument ar L.ender's secunty in�cresi. �rrower shuii aisu ix i+i dctau�t +i' °'��,?.�4�;�;"
<br /> '� �' '"•�•�'''� Borrower,during the loan application procexs,gave materiully ialse or inaccurute infarmullon or stutements to Lender(or fAil�:d ;�,(.�.;:,:;�,.;,,`_
<br /> .. ,,, ,
<br /> ' ��.�' to provide L.ender witN any material informationl in connection with the loun evidencecl by the Note, including,but not limitud , ,
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<br /> ° to,representotions concerning Aorruwer'x<►ccupuncy of the Property us a principul residence. If thix Security Instrument iti un a �;.����y_��,_,
<br /> ., leasehald, Borrowcr shull comply with ull the pmvisions of thc Icasc. If Barmwcr ncyuires fcc titic to thc Pmperiy, the =�-�.Yx�r�.:�
<br /> ,. lea.sehold and thc fec tidc shull nat mcrgc unless I.cnJcr ugrec�to thc mcrgcr in writing. �
<br /> �� 7.Pmtection of I.ender's RiRhts In the Prnperty.11'Burrowcr fuil�to perfi�mi tik ravcnuntti unJ ugrccnknt+cantuincd in •,;.-�.rp.i+�.��.�_;
<br /> •� this Security Instrumcnt. or thcrc i�u Icgul puxccding thut may ,ignifirunUy uffcct l.cnJcr'x right. in�hc Pro�x:rty huch u� u �
<br /> procceding in bankruptcy,proMutr, for condemnntion or fori'citure or to enforce luwx or reguluti�m�1, �hrn l.ender m:�y Jo und k ..,_;.:.,: •-
<br /> ,� pay for whutever is nccc�wry tn pri►���t thc vuluc oP thc Property anJ l.endcr's right+ in thc Prn�x;ny, l.�nJcr's urtiun+muy E � ''_
<br /> " include peying any tiumx u�curcd by u licn whirh hu� prioriry �wcr this Sccurity In�trumcnt, op�xurinK in r�►un, paying t
<br /> � reasonable uttorncyti' fres�nJ cntcring on the Pro�x;ny to makc repairx, Although l.cndcr may tuke uc�ion utKler this pvrugrnph ._..,,.
<br /> '� .. 7,Lender does not havc to do u►. ,��'' � x
<br /> _.',:- .
<br /> Any amountti disburuxl by L.enJer under this paruF�aph 7 tihall t►ecome uJdNionul debt uf &�rrower ucuR�l by this
<br /> Security Instrument. Unless Borcnwcr urnl Lender ugrce to othcr tcrni+�+f paynxnt, the�c anwunl.�hu l l t►car in tc►t��t fn�m t hc
<br /> " date of disbursement ut thc Note retc �tNi shall be payublc, wi�h intcrest, u�x►n noticc f'rom I.cnJcr tu Bum�wcr rcyucsting ,`Y•;W=_;_
<br /> ' � . payment. ;�..,�;.;.
<br /> 8.Morlgage Insurancc. If LcnJcr rcyuirul nwrtguEr inwrnncc a,.�rondiiion uf makin�thc luun sccured by thi.Scw�ity • -_
<br /> , Instrument, &►nnwcr shall puy thc premiums r�yuircd �a muimain thr nNmgogr inruruncc in cffcct. li', tiir uny rcason, thc ,
<br /> • mortgage inauroncc covcrugc rcyuireJ hy l.cndcr 1•rprcti or rcu�c.tu tx in rff�rt. Rurn►wcr shall pa�� thc prcmiums reyuircd to � -- -.._
<br /> obtain¢ovcrogc substantlully cquivulcn�tu thr m�►rigug�imurancc prcviau+ly in cl'fcrt. at a co�t whtituntiully cyuivalent to thc
<br /> cost to Borrowcr nf thc mortgugc intiur�ncc previou�ly in cllcrt. 1'rum an altrmatr mong•r�c in.urcr appruvcJ by l.cnJcr. If �
<br /> . substantially cquivulent mortgugc in�urancc ruvcragc i�n�►t uvailuMc, Rnrruwcr+hall p•ry li� I.cndcr rarh nwnth a�um cyual to �
<br /> � one-twelRh of tlx��•carly murt�agr intiurancc prcmium hein�paiJ hy Bnrr��wrrµ•hrn thr in+urance cavrrugr lapticd iir crauJ tn
<br /> be in effect.Lender will uccep�,u�e and retuin thc�e paymcm.a. u I��+. rr�en•c in licu ��( murtµuge intiuranrc. La+s rescrvc
<br /> { • , Fam 302� lIYO
<br /> ' ' Pp�i o�6 � •
<br /> MC.9019�NE/3 '
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