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<br /> — -- g. Nawrd or Praperty law►�na. Aon+awer �Iwll Icocp the iroprovemait� now exi�ing or hercafter craxed on the
<br /> Praperry insurad a�einct lars by liro, hazands includod wilhin the tcrm'axtendal coveinge" w�d ony ott�er ha�rcl`. 1rc�udin�
<br /> flooda or flooding,for which Lendcr roquirec+inwrance.Thi�inauronce chull bc nwintajnod in thc amaunta and Po�tho pedoda
<br />" tiiat L.endcr roquire�. The inaurnnca car�ier providing the i�uurwuc shnll be cha�en by Borruwcr nubject to Lendcr'K npproval
<br /> whlch rhall not bc unreasonably withhcld. IF Borruwor fails to nwMtuln wveruge descdbed obove. L.cnder rte�y. at I.ender'�
<br /> :� option,obtain ccwerage to proteet L.ender's�ights in the Propeny in accordance with paraB�P���-
<br /> __ All insurance policies w�d renewols shail be ncceptable to l.cnder and�hall include u �+�ive w l.endcr all receic�of
<br /> '� shall have the right to hold the policies and rencwals. li��owe�r ushail gg e p ampt noticero o ttt,�nsu�cArricr w�d i.ender.
<br />:� paid�+rcmiums end renewal nntices.In the event of loss, �
<br /> --- L.ender may malce proaf af loss ii not made promptly by HoROwer.
<br /> --- Unless l.ender and Borcc►we�atherwiee agree in writing.insurunce proceeda shail be applied ta restoration ar�epair of tho
<br /> praperty damaged,if the rcstorntion or repuir is economically feasible and Lender's security is not Iessened.lf thc restoratian or
<br /> repair is not economicelly fwsible or i.ender's security would be lessened.the insurance proceeds shull be applied to the sums
<br /> -- secured by thia Secudty Instrument, whetlie�or not then due, with any eacess paid to Borrower. if Borrower abandans the
<br /> - ---- - - - Property,or daes not answer within 30 days a notice from l.ender that the insuronce carrier has offered to settic a claim,then
<br /> ----– l.ender may collect the insurance procceds. I.ender may use the praceeds to repair or resrore 1he Pruperty or w pay sums
<br /> recured by this Securiry Instrument,whHher or not then due.The 30-day pedod will begin when ihe notice is given.
<br /> -- Unless l.ender and porrower atherwise agree in writing. any application of praceeds to pri�ipal shall not extend or
<br /> �--����� postpone the due datc of the momhly psyments refcrred to in paragrapha 1 and 2 or change tha amount of the payments. lf
<br /> ------ under paragraph 21 the Property is acquired by I.ender,Borrower's right to any insumnce policies and proceeds resulting from
<br /> -- � dsunage ta the Property pdor to the acqufsition shall pass to Lcnder to the extcnt of the sums aecwed bY th�s Socurity lnatrumeat
<br /> ���';�•�` ,� jrnmediately prior to the ucquisitio�. , –
<br />- �",iau�� 6.pocupancy,lh�eservatioa,MainteaAnce and Prutectlon ot the Property;Borrower a Leon Applkaqon;Leasdiolde.
<br /> ��---=� Borrawer shell occupy,establish,and use the Property as Borrower's principul residence within sixty days after tha eaecudon of
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<br /> •�. . • this Security Instniment und shall continue to occupy the Pruperly ns Borrower's principal residence for at least one year after
<br /> the date of occupancy,unless i.ender otherwise pgrees in writing. which consent shall not be unrea.gonably withheld, or unless
<br /> ., �;� . extenuating circumstances eaist which are beyond Horrower's control. Borrower ahnll not destroy, damage or impair the
<br /> �;•�~r;t���:',;�'e'q'• Properry, allow the Property to deteriorate, or rammit weste on the Property. Borrower shetl be in default if any forFeiture
<br /> '��� �,..\ �, uctfon or proceeding,whether civil or criminal, is begun that in l.ender's good faith judgment could result in forfeituro of the
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<br /> + Property or otherwise materially impair the lien created by this Security Instrument or I.ender's securiry interest. rrower may
<br /> }� � cure such a default and reinstate,as provided in paragraph 18.by causing the action or praceeding to be dismfssed with a ruling
<br /> � '•",; that. in L.ender's gaod f�ith determina�ion, precludes forfeiwre of the Borcower's interest in the Properry or other awurl�l
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<br /> �� - -�-- _ :. isr,pairmeas of she lien created by �hic Security Instrument or I.ender's security interesl. Borrower shall also be in default ii
<br /> ��'«:.��,,.;• Borrower.during the loan application process,gave materiully fulse or inaccurnte inforn�ation or statements to Lender(or f�iiod
<br /> " '.;�ti�; ^> . to provfde Lender with any materini information)in connection with the loan evidenced by the Note.including.but not limited
<br /> � � � to,representutions concerning Borrower's occupancy af the Property us a principal residence.lf this Security Instrument is on a
<br /> �"���':^�' "�' leasehold, eorrower shall comply with all the provisions of the leuse. If Borrawer acquires fee title to the Property. th�
<br /> — ��' - leaschold and the fee title shall not mcrge unless l.ender ugrees to the merger in writing.
<br />• � ''`-�`'�'�" °' � t��"' 7.Protection ot Lender's Rights in the Property.IP Borrower fuils to perform the covenants and agreetnents contained in
<br />°i� �'"'� "` � �' this Security Instrument, or there is n lesal praceeding that muy significandy affect I.ender's rights fn the Property(auch as a
<br /> ' `• ptocceding in bankruptcy,probute, for condemnation or farfeiture or to enforce laws or regulations),then Lender may do and
<br /> "� .;,.,�,v� � pay for whatever is necesxary to protect the vulue of the Property und [.ender's rights in the Propetty. Lender's acdona mey
<br /> �.�`� •�'•�;��� include paying uny sums secured by u licn which hus priority over tNis Security Instrument, appearing in court, paying
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<br /> .�;�,�,s. � �.'°� rwsonuble attorneys'fees and enterfng on the Propeny to make repaira. Although[.ender rnoy take action under this paragraph
<br /> `�' �" 7,L.ender daes not have to do so.
<br /> _— ��_����,, R' Any amounts disbunec! by Lender under �his pnrugruph 7 shall become additional debt of Borrower secured by tbls
<br /> . `�,�,',^"'���`-� ;� ����� Security Instrument. Unless Barrowcr and Lender ugree to other terms of payment,these amounts shall bear interest from the
<br /> -- :+�+ dete of disbursement at the Note rute bnd shall be payable, with imerest, upon notice fram l.ender to Horrower requesting
<br /> !�•:..�ww� . r, � payment.
<br /> '��'•=" � 8.Mortgage Onwrance.If Lencier required mongagc insurunre as a condition of mnking the loan secured by this Security
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<br /> •t�,' �Y ' Instrument, Borrower shall pay the prerniums required to muintain the mortgage insurance in effect. If, for any reason,
<br />� - � mortgage insurence coverngc required by L.ender lupxs or ceuseti to he in effect. Borrower shsdl pay the premiums required to
<br /> ���r'�� '� -'• obtain mverase substnntially eyuivalent tu the munguge insurance previously in effect,nt u cost substantiully equivalent to tFie
<br /> — '��� .=..'�•� , wst to Borrower of thc mortgage insur•rnce prcviously in effc�t, fmm :ui altemutc mortbuge insurer upproved by Lender. if
<br /> �r; substnntiully equivulent mortgugc insurancc c�weruge is not avuiluMc,&�rrower shull pay tu Lender cuch month u sum cqual to
<br /> '�='�'''� " • . one-twelfth of the yearly mortguge insurance premium tnin�paiJ hy&�rrowcr when the insurance covernge lapx�i ur ces�sed to
<br /> — �� � be in effect.Lender will accept, uu:s�nd rcts�in these payments as n luss rexrve in licu ut� mungage insuranre. Loss reserve _
<br /> _=��; • � Fam 3028 8190
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