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<br />� 3, fiaraad or Prope�ty Insusance. �aRUwer shatl keep the improvements now existinb or hereafter erccted on the .�'�r�� -
<br /> � property insured against loss by Pire. hazards included �vithin!he temi "eztended rnverage� and any ather hazards. 1[LClildjfl$ �i,��-
<br /> ' tloods or flooding.for which Le�der cequires insurance• 7'hts�nsurancc:shall be�aiiusine+l in the amounts and for the periads �.-,.,�,
<br />:i that Ixnder requires.The insurance caurier providing the insurance shall 6e chosen by Borruwer subject tn Lender's appro�al �^s��..
<br /> ' �.;..�.;.
<br /> �ehich shall not be unreasanablY withheld. if Borrower fails to maintaue coverage descrihed above. Lender may. at Lender's � ,,
<br /> �� option,obtain rnverage eo protect txnder's dghts in the Froperty in accordance with ParagraPh 7. .
<br />` J All insurance policies and renewals shall be acceptabldero �des�rcohv e�r s9ta11dpro[npily give to l.ender all rece pts of =- -•
<br /> � s h a l!h ave t h e r i g h t t o h o l d t h�p o l i c i e s a n d r e n e w a l s.I f L x r e y --_�`
<br /> .�� paid premiums and renewal notices.In the event of loss.SormW+er shall give prompt notice to the insurance carrier an d L e n d e r. � :
<br /> (,e n der ma y m.3ke proof of loss if not inade prompdy by Borrower. �'-
<br /> U���n��d go�w�othen�rise agree in writing,insurance pro c.e e ds s h a l l be ap p l i e d t o re s t o r a tion or re pair of the - -_I�
<br /> propeety damaged,if the restoration or repair is economicallY feasible and Lender s security is not lessenad.If the restoratipn at �--,.,.,_
<br /> cepait is not economirally feasible or Lende�''s security would be lessen�,the inswrance proceeds shall be applied to the snms �.---
<br /> secvred by this Securiry Instniment. whether or not th�due, with any excess paid to Botrower. if Borrower abandons the �--'��
<br /> property,or does not a.�swer withi�30 days a notir.e fram Len�er th2t the iasurance carrier has offered to settle a claim.then
<br /> � I.�der may rnilect the insurance proceeds. Lender may u�e ehe prooee�s to re�oair or resta►�e th6 p�Pe�� uc to pay sums �"
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<br /> [ Secu�d by this gecurity Inswment,whether or not then due.The 3Miay p��odn�fb���s N principal�shall ot exter_d or �
<br />;,'�� pnless Leader and Bonower otherwise agree in writing. any aP� 1 and 2 or change the amount of the payments. If ��_
<br /> postpone th:due date of the monthly paym.nu referred to in paragrap --
<br /> �s a uired b l.ender. Borrower's right to any insurance policies and Proceeds r�wlang from �_-,-
<br /> ��r paragr�pis 21 the Praperty� c9 Y �:�:'."
<br /> �a���p�p�y prior to the acquisition shall pass to Lender to the extent of t4�e sums secuted by this Security Instrument
<br /> immediateiy g��r�the acqaisirion. �,?�"!
<br />- - �c.�c�!,t�,�nmm-_u�r�ervnt�on.MaintenaIIce snd Prolec3to�of 6�Property;Borrower's L�aan Ap�►IIcatton;Leaseholds. �
<br />� �•.• Bosrower sb:;.L!�a��.�lish.and use the Property as Borrower's�vincipai iesivanx witt���z��r;da}M..����P PvP(N7[jAf�()f �'-w.-�_,`_
<br /> `� ��y�._,�,�;�;;a�i afiall continue to occupy the ProPerty as Borrower s ptincipal res.�'.ce for at least one year after �:;.
<br /> � i: . tt�e�of eccupancY,c�zl�Lender otherwise agmes in writing.which consent shall not be u�reasonabiy withheld.or untess
<br /> ex::n�ating eircumsEances �ist which are beyond Borrower's conirol. Borrawez s�.!1 rva ��stroy. damage or impair the �`�=--~.
<br /> `.�,, �P�Y• �x; the Property to detetior.t:�, or commit waste on the Property. Sern��ae:�ati� �be i»default if any forfeiture �,.4.;::
<br />_=- :stion or��+a�a>'.ing, whether civil or crJ:ninal.is be�vn that in L.ender s good faith is�s��nt coutd result in forfeitu:e of,�e ��-
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<br /> �'�'PenY or er:berwise m�t...�+c��tl/imgair the lien creat�by this Securiry Insmiment er Leader�s sc�ac�ty imetest.Borrower.�' , r.
<br /> ault and rec:�:uts.as provided in para�rp�►18.by causing the action or praceect�r�g w be dism�uux�d witb a rt:L�nn�g �.;'•-
<br /> s �
<br /> c�u,e such a def �other maten �..(
<br /> that, in I.ea�t�r's good faith deteemination, precludes forfeiture of the Borrower's interest in the Property o� �_
<br />= impainneat��'i�w�e lien created by this Security Inswment or Lender's securiry 4ritetest• Borrower shall also be in default if ��
<br />�_-�.. Borro�ver,u��g the loan application pracess,gave materially faLe at anaccurate information e�statements to Lender(or fa�
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<br />' �.- to provide Lender arith any material infdm�z�on)�n conn�ction wiu��e loan evidenced by the�l�te.including,but not lir.qi�d -
<br /> ;�,representations conceming Borrawer's occupancy of the PcoPeny�s a principaZ cesidence. If this Security Instrument is on a
<br /> • � }easehold, Borrower shall comply with all the pmvisions of the lease. If Bc�r��:�r acquires fee tide to the Properry. the ��
<br /> `{ '� ld and the fee tide shall not merge unless Lender agrees ro the merger in w•::tng. 'n�� •-`_
<br /> «O + � . If Boaower fails to rform the cover.�nu and agreements wnta�
<br /> �.: 7.Yrntectfon of Leadcr s Rights]r�'si�ie Pcoperty. Pe ---
<br /> �Security Instrument.or there is a Icg�proceeding that may s,n�rncantly affect Lender's sighta in tho Property(such�s a
<br /> . ! proceeding in banlwpccy.pmbate. for condemnation or forfeiture or to enforce �vs or regutations),then Lender may do and ��--;
<br /> pay for ahatevaz is necessary to protect the value of c��a Property und Lender s r,:�hts in the PropertY• Lender s actions maY �._,_
<br /> '• include paying arry sums secured by a lien which has priority over this Securiry Instrument. a�rpearing in court. PaYinS �
<br /> -. �., reasonable�to��neys'fees and entering on the Property to make np^�is•�►lthough Lender may take acdon under this par�;�ph _
<br /> ���i• 7.Lender does not have to do so. ---
<br /> pny amounts disbursed by Lender under this paragraph 7 shall become addirional debt of Borrau�+�secvred bY�is
<br /> � � Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall b€su interest from ths .t.:•
<br /> date of disbursement at the Note rate and shaU be paya.ble. with interest, upon notice from Lender to Basrower requesting r ;•,,
<br /> ,. :�.,. payment. �,..:
<br /> . g.Mort�age Inswrance,if Lender required raortgage insurance as a condition of makin,a3�a loan secured by this Security
<br /> 3nstrumen� Bnaower sh.�t.l,pay the pmmiums required to maintain the rtiort�a,^�e�nsurnnce i��:f::.ci. �f. 4�r any reaso:�.the �-.•:::,_
<br /> • �,;r;rtgage insurance coverage required by Lender ta�ac:s or ceases to be in effe�cu �`t::rower shall pay ctt:►�'�cums required to
<br /> ' ,�a�:n oor•e-�e substantially equivatent to the mor.�uu�.insurimse previously ir:r�"i�t, at a cost subsrant�:i'�'��r,quivalent to the �
<br /> � a:st ta F�^���wer of the mortgage insurance previousty in effect, from an alternute mortgage insurer approved by Lecsd�.If
<br /> . � m;3;t�ue1'��:•equivalent mortgage ins�rance covera8e is not avaitable.Borrower shall pay to Lender each month a sum g1'��J to �.-
<br /> ��iae-t�vetfti�of the yeatly mortgage insurance Drernivm�eing paid by Borrower when the insurance coverage lapsed or ceased to `
<br /> � � 1 1;:in effect.Lender will z�:ept.use and retain th�c�ap�►ents as a loss reserve in IIeu of mortgage insurs+nne• Lass resen�e `�y _
<br /> ; Form302i! 9180 !�i.:�:
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