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<br /> � ' �. �tarsrc� os P�ope�ty d��*+���e. Boprower shall Ls�p ttte improvemeuts naw existing3�hereafter erected on the .' '` ''�,' _ - _._
<br /> � Pra�etty insu.^ed against loss Dy t3rc, ha�a.r�incladed withip►ths term "extended coverage'aad any ather harards.insiudiag �. --��.�---�
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<br /> � floods or flc�odis�, for whlch Lenaf�r r�ltaes ias�nce.Th�s insurause si�ll ba maintained in the amount�aatd for shs peritsd� . .:�:::�_ .`_. , -
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<br />..� that Lender re�srPS. 'd6e '�,3u.�2acc ctirri�r prov�ding the insuruacx shli he c�.osea by Borrower subject xo Lead�r's approvat "� .:. ;', =.` ,;; :;.�• ;�,< <.
<br /> v�hich s�ll not b,,uW..-tasss�ai:i.g• ivi•:.oteid. If Borroe�er faits to�aintain coverag�descn'b�d�hove. Lenst�r may, at Lerder's �� _;�,�,.,<:`•�;.:::�... _` .
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<br /> 4 opHon,obtain wver�.IIe co g°�nrr.ct Lea��'s rights in tha Prog2rty in 2ccordaase with pFUUgraph 7. • °x�:r`-4
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<br />°� AII insu..-ea�ce plrijr•tea ar.�maevrals shall�e aec�ptat+le to Lender an�shall include a standard martgage clavse. Len�es ���� `` `. : -_
<br /> � rhail have t�e ri�to l�:��pa3?cies aud zeascvals. If Lender requires.Horrower shall promptiy give to 1.enQer ali receipts of - . -;`�� : •. - - __
<br />' paic}g��:�a a�d rene�ral an�aces.In the eveac of toss.Bornrnver shnll give prampt notioe to the iasurance carrier aad L�nd:s. . ..�, �=���=-'"
<br />_� Lsat,der rsary m�oe pras�af ko�if isnt m.a�c pmmp8y by�orrower. ; . ,.',:., ��� ��,�';�.
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<br /> U �rless Leader 2tr.d Etasarrer otherwise agree ia wrising,insurance pmceeds sluill bs applied to restoration or repair of the �i,,.,:.:�...,�..---,-��,,._..:
<br />;� Pto�;aty c3amaged,if t�r�sasla�or repair is economically feas�le and Lsnder's seauity is nat l�ssened. If the r�,toratioa or ..�:>'':`. - . . . _�.
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<br /> � repair is n�t ecflnomisally f�:e or Leader's s$curity would bs l�ed.the inse•a*+��e pmceeds shall b�ap�lied to the su�s ,.; :�;.;•:.,;;v•,.c=...•:..-,•... :-�,
<br /> � secured�}►this Sec�rity I*�ots�_^^�nt,r�h+�ihst or noi then due,with any e�ss pazd to�otrour„r. Yf Bornawer abau+3ons the ` � �"�'�,•'-�' � ` _
<br /> �1 t;:�.`�T:�xsr'"��'-,:.,
<br /> Progerty,ar daes not ar.avrcr vti�::.3fl days a notIoe fmm I.endez that the insnrance carriei has offered to seule a claim,th�a = ____
<br /> ;. ..r-:N�r :
<br /> U.nd:r may collect the ir:�mce p:nceeds. l.ender may use the pmceeds to repair or re.gwre the Prop�rty or to pay sw�s r z :,�, :
<br /> secu.-ed�y this 3ecarity Inut�n�,vrttut�er or not then dae.'[he 30-day periad will begin when the notice is givea. ',. . -- -
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<br /> U 'c.�s L�vdar asd Baim�r�rr�.•t+vise agrex in aritin8, �Y aPPlicat�on of pmceeds to principal sh�U not e.xteasl or , ,:�±�` �' � - �, <<� �
<br /> i•� posUpa3A t�dr�u:drua of t�ma�t,�tf.pay�►a,aam referred to in paragraphs 1 and 2 or cI�ange the amauat of the paym�nrs. If� , , . �' '
<br /> Is 2! t�Pro�serty is acc�,t:zed by I�s2�, Bormwer's ri to any 'snsuranse pollcies and r�s resvlting from '���':r ��„� -`;-_-
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<br /> d�ssge to t�as P'rqsarsy paca t�tsn ac�g.risiti�n sha1D�ss to I�nder to the extem of the sums seaucd by this Se�tnsuumeut . . . .
<br />�•�� ii�med:�iyg�icr,w trstzccp.tntid�. �.pr� �' a�c+�,
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<br />`3 �_�.,_,�_�y�v.�_��, a�.�ni�_"e�n�p!ofec►3e��f tt��operig+3�o�we.�'s�.c�n A�p��atFOn=i,�nstd�olc�s. � - - = --
<br />�;. Borrovner s�dl�ccupY,estab'1Lh,and use the Praperty as Boirower's principal residenoe arithin siaty daye after the execution�af �''" a, ;s `�::,'•, ,�
<br /> ���r Iastn�tent and shall continae to acettpy the Property as Borrower's principal nsidease for at least one year after .. : �.�'�� �� �`
<br /> th�date of occUpancy,unless Leader otherwise agee�s in writing,which consent shaDl nat be unieasonably wltLhetd,or aNess -`' . ��. -
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<br /> extenaadn� ciirumstan�s exist whick are beyond Borrower's wntrol. Bo:rower s 6 a 1 1 not de,4uoy, d a m a S e or impair t he ' :< . ; ' .��
<br />'�. property, alI.�af th�Ptoperty ro deterlorYie, or oommit waste on the L��apeny. Bormwer shall be ia defaiilt if aay forfeitnre :� 3 •
<br /> .- acHon or praeecding, whethe�civil or eri�ai, is begun that in L�ad�'s goad faith jndgment coubf c�sult in forfeitura of tht ti: ; � �,�;
<br />_= Prn;-:erty ar olutwise materfally impair the lien created by this Secuiit�r�m �**,�+,t or Lender's sea�d�inter�t.8oaozver m8y ��'` � r;_
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<br /> '';;�r`• c�r.�a default aa�reinatate.as pr�avlded ia pa�a�ra�h 18,by cavs�g the astion or proceeding to ba dismis��th a ruling ,�"`s�s.��;;_':_,
<br /> �` tt�t,. in Lender's goud faith determina�ion, precdudes f�iaue of t6e Bnrro�rer's i�t in the Property cr��er muezis+] .'_ '�;_•`•�;
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<br /> impairmene of the lir�n crEated by this Securiry insaumeat or Lender's se�urity ir.t�.�t. BorroweT shall also be in defa�alt if . ,..����..;'`�, ,,r,
<br /> = Borrower.dariug the loazi ltcation mceas,Save materiall felse oI insm�mtP imforID8lioD Or�¢eIIis Lo LeIIdeT(or ffailed .. •`•_....�. '# '"' • . �..
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<br /> ��' ta pmvtde l.c�er with aay material information)in connection arith the loaa evtdenced by the N�°.,inclnding,but aot limited � � �
<br /> to,representaUions eonseming Bflrrower's occup�cy of the Properry as a prinetpal resideace.If this Security FnstrumEnt is on a " ��.�;y,
<br /> IeaseDold, Borrowes shall comp2y with all tha rovisions of the tease. If Botrower fee title to the Pro the ' ,P �'�' � •
<br /> � P acsNires PertY+ ,. � • r::
<br /> ' leasehold and the fee tide s1�all not merge un2�ss Lender ag�,'s to the��rger in writing. :r-.�,a��:�,:�• � .. '. ' "
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<br /> ,_,.: : 7.Protec�lmn oY I.ea�2er's Rtghts ta t�sxe L'rmperty.If Boaotiver f�ls to p�rform the coveaaa��agreements ctsmreined�n s �...:,;�?�,,.r_'.:
<br /> .,�4:�y this Security�nsuum2nt,or theie is a le,�rl��roceediag thEt may sigaiftcandy affea Lender's rig�'�m the ProPertY(sach as a -. :c.-:.�F �� � � r , .
<br /> raceedin m baalauguy, grobate.for cun��zmaation or forfeiture or w enfos�e laws or re stions),then Lea3r.� do and ��' '
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<br /> tr,►y�For w�tever is neo�trw�rotect t�e val�a of the 1�roperty aad L,ec.der's rIgja2s in th:Properey. l.ea��'rs ac.tiona may : . ,-�::,.:."•�;.'....:
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<br /> ;a, ' i�ade paytng�� �s aa�� bS+ a J3�which ...��iorIry aver thls SecurYty Instaument. aPP�DB �'�. P�� �y�r. .: �
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<br /> = re�onable an�ig�' fees a:.�.entsring ua s3az C�operty w make repaiis.Althougb T.ender may take a�tion under this paragra�41 -,,: „Y}l.�:if��j�`,,���' � � .:..
<br /> � 7,Lender does not have to Qo so. i`�;`�:/�'r�;:��3t�
<br /> Any amotmts disbu�..�l b Lender ander this aza h 7 shall become additianal debt of Boirower secuted Iry th�s +•< ,r,r�!rh : .
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<br /> Securlry Instrument. iTnless I�:Y:rower and Lender agcee to other terms of paymeat,these amaunis ahall bear interest from tha •�iiy; � ,. . .•. .�• , �:,,�
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<br /> ' daie of disbursement at the C�csr� rate and shall be payable. with interest,upon natice from l.ender to Boimwer requesting h?����;'••f.� .. • i4,..
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<br /> ' 8.Mortgage i..c�rn�n.r-�E�.�r��:ir•�mortgage insutauee aa a conditicm of malcing We 6nz�szc�ued by this Sea�ai�.g� ' ;'�c;�t=;���, . : �'
<br /> _:':;;• ... $:.i.3�culr
<br />� Insmtment. Borravres ahall�Sa;v c3:a�.�a cr,t�uired to malntain the mottgage insuranse in er�ic:. If, for x�y reason. the �;;: .. . ,,�t•,p. .
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<br /> mort e inswauce caverzgg�r�qs�ed by Y�*....��.z 1 r��2 ceases to be in effea,Bor�awer ehall � the re��s required to ��„���%t�`� �t', � �
<br /> P�8 � P Y D ..n...�:.�;€��,�Y31YY".�. , ••
<br /> oAta9n coverage substandalty��;ale�t to the mort�:;nsurance ptev2ously In effect.at a cost si:.bsrantially equivalent to the � �>;.- . . ._: L- --
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<br /> ':�„;� � cost to Borrower of the mortgage iasurnw�pr�eviausly in effea, from aa altemate mortgage i�:z appmved by LendeP_ Ff , .;f.,.,:,..;,..;.;.... �3
<br /> -- s u Ds t a n ti a lly e q u i v a teat martgage i n s u r a u r r��cverage is no t arv a i l a b 2e,B ormwer s h a l l p a y to L e r u�e a c h m o n t h a s u m e q u z i t o ,�';�;y;,�;�;�t:..�
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<br /> • on�twelfth of t8e yearly mortgage inswP-.,m�e�semium being paid by Boaawer when t�e insivaac�coverage lapsed or cease�to ' �,� -._
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<br />:;; ' be in affect.l.eader wi11 accept,�:e xad r:.x:n these pay�ents as a loss reserve in li� of m�rtgage insurs�ce. E.,oss reserve �•,�fa`.J;�.__-.-�-�-----_-
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