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<br /> S. }yyp� � �perty lnwrance. Borrower ahall koep the impnavementr now eaisting or hereafter erected on the
<br /> �' �- - PropeRy insurcd �Qinat loc�by fire, hazards includod within the Ierm 'extCrtdod cuvcrage" wx! Any uthcr huzurda. including —
<br /> °- tloods or floodin�,for which l.endc�requires insurance. This insurwice ahali bc nwintoinecl ln the amount+�unJ tor the periads
<br /> that Lertder roquira�. The in�uranrc cvrricr providing�he insurwnce ehnll bc chosen by&�m►wcr xubject to Lcnaler's uppmval
<br /> -'� which�h�11 not be um+eacunably withheld. 11' Borrower fails to ms�fMain covemge de.rcribcxi above, L.ender may,at l.ender's
<br /> option,obtain coveroge to protect Lender's rights in the Property in uccordunce with parogr�+ph 7.
<br /> AII insurancc policies and rcnewals shall be eccepwble to l.ender w�d shall include u Rt�ndard mongagc clause. Lender
<br /> shnll havc the right to hold the policies and renewals.If l.ender requinw.Borrowcr ghall prompNy give to L.cnder all receipts af
<br /> � paid prcmiums and renewal notices. In the event af lass,Borrower siudl �ive prompt nuti��r w the imwraiu�wni�r++nd ixndcr. �
<br /> Lender rnay make proof of loss if not made promptly by Borrower.
<br /> Unless Lender end Borrpwer otherwjse egree jn writing,inaurunce praceedx shnll be opplieJ to restora�ion or repair of the
<br /> �-'- -�°"�"T��`"� property damaged,if the restoradon or repair is economically feasible snd Lender's recurlty is not lessened.If�he restoration or
<br /> � "� repair is not economically feasible or Lender's sxurity would be lessened, the insurance proceads shull he applied to the sums
<br /> '�:._:;,;,` � socurtd by this Security Instrutnent, whether or not then due, wfth eny excess puid to Botruwer. If Borrower abandons the
<br /> " ' Pro p e r t y.or dces not answer within 30 da ys a notice from Lender that the insurancx currier hux uffereJ w setde o claim, then ---
<br /> �.�;�h;�"�;*„� Lender may collect the insurance proceeda. L.ender muy usc the proccxds ta repair or restore the Pmperty or to pay sums
<br /> secured by thia Security Instniment.whether or not then due.The 30-day period will begin when the notice is given,
<br /> — Unless Lender and Borrower otherwise agree in wdting. any application of proceeds to principal shall not extend or
<br /> ��� st ne the due dote of the monthl a ments referred to in ra ha 1 and 2 or chan e the umount of the a ments. If
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<br /> under paragraph 21 the Property is acquired by Lender,Borrower's dght to any insurance policies and pracceds resulting from
<br /> ____ —�4j�, '�"'L` damage to the Property prior to the acquisition ahall pass to Laider W the extent of the sums serured by this Secu�ity Instniment
<br /> -_..��----.�:-^-�z.
<br /> -- �i� i`, �``.�-_ • �: immediately prior to thc ncquisi�ion. • --
<br /> '•:1,�.� 7 AA.�`�..�l.. :'J,
<br /> PrQN'...."��., 1
<br /> _ . ►.;.�;�;:._4�,,r»�:ti" b.Oocupancy,Pr�ervotion,Mnintenance and I'rotecdon oP t6e Property;Borrower s I.own AppNcadon;Leaseholds.
<br /> �,..�:. �.., �i .,,7:
<br /> - •� .,,.,,. Borrower shall occupy,esteblish,and use the Property as Bonower's principal residencP wlthin sixty days after the execution of
<br /> ` `"� �,;,„,;��,,,;,�„�;`�' this Security Instrument end shall continue to cecupy the Propeny as Borrower's principal residence for at Ieact one year after -
<br /> - -"y� •U'� the dete of occupancy, unless L.ender otNerwise agrees in writing, which cansent shall not be unreasonably withheld,or unless
<br /> :,'��::,': �'_ _'` f extenuating circunula�ux� exiat whfcl� are beyond Borrower's control. Borrower shnll not destroy, damage or impair the ---
<br /> �- , ._.dr�,u-rw�..r,y:j i. � �p��l, allow the Praperty to deteriorate, or commit waste on the Property. &►rrowcr shall be in defuult if any forfeiture
<br /> , '="'�" �{t��"�' acdon or procceding. whether civil or criminal,is begun that in I.cnder's goad fuith judgment could result in forfeiwre of the
<br />--���,M � A::��',;; Pmpeny or otherwise matedelly impair the lien creuted by thia Securiry Instrument or Lender's security interest. Borrawer may
<br /> .��`• �'n,;�?'��1•�,' `'�'"'���, wre such a default and reinslate,as provided in paragraph 18,by causing�he action or proceeding to be dismissed with a ruling --
<br />- •��,;; thut. In I,ender's good faith determination, precludes forfeiture af the Eorrower's interest in the Propeny ar ather material
<br /> " �� '�� �•��.; �-? impaim�enc of the lien creuted by this Security Instniment or Lender's security intcrest. Borrower shull also be in default if
<br /> ' - Borrower,during the loan application process,gave materially false or imccurate information or statements to Lender(or failed
<br /> • � ''�, • • to provide Lender with any material infornietion)in connection with the loan evidenced by the Note,including, but not limited
<br /> . ta,representetions conceming Horcower's occupancy of the Property as a principal residence. If thia Security Instrument is on a ��--
<br />; �! '�,, . " leasehold, eorrower shall comply with all the provisions of the lense. If Borrower acquires fee title to the Prdperty, �hc ���
<br /> �°'.". � � � leasehold and the fee tide shall not merge unless I.ender agrees to the merger in writing. _ -
<br /> �,.• 4�,. 7. Protection of Ixnder's Wghts in the Property.If Borcower fails to perform the covenants and agreements contuined in
<br /> + � ° +.�h��. this Securit Instrument, or�here is a le AI �aceedin that mu +i nificanN affect Lender's ri hts in the Pro rt (such es a -�°
<br /> . • Y B P 8 Y• B Y � Pe Y �,.�;,-
<br /> U '�°�� ' ���•'��• proceeding in bankruptcy. probate, for rnndemnation or forfciture or to enforce laws or regulationsl,then Lender may do und
<br /> :,��� •�"'�'�� � pay for whatever is necessary to protect the value of the Prapeny and Lender's rights in the Property. Lender's actions may
<br /> = • include paying any sums secured by a lien which has priority over this Security Instrument, uppenring in court, paying ---
<br /> '- 9�.,�;:�_ ,: ,... reasonable attorneys' fecs and entcring on the Property to make repuirs. Although Lendcr may take action under this paragreph r°"�
<br /> '•�•*�:• ,t„,,. 7,l.ender dces not huve to do sa �
<br /> ' ' •,� •� � �A►r'��- Any amounts disbursed by l.ender under this parograph 7 sludl become uJditionul Jebt of Bormwer secured by this
<br /> F, � Secudty Instrument. Unless Borrower and l..:ndcr ugree to uther terms of puyment, theu umounts shull bear ineerest from the --
<br /> � '��`"'n •* date of disbursement at the No�e �ate and shull be payable,with imere�t, upon notice from l.ender to Borrower requesting
<br /> 4�,�,,.., payment.
<br /> s a° �,ti�_..
<br />`�?h" _�;;;; . 8. Mortgpge In.surance. if L.ender required mongage insurancc as u candition�f making thc loan secured by this Serurity
<br /> >> . . Instrument, Borrower shall pay the premiums required to mainwin Ihe mortguge insurunce in effect. If, for any reason, the
<br /> ,�••�� ; mongage insurnnce coverAge required by l.ender lapses or ccases to be in effect, Borrower shall pay the premiums required to
<br /> �� ,. : obwin covernge substAntially equivalent to the mortgage insura�ice previausly in efYect,at u cost subsluntially eyuivalent to the
<br /> '�'`�� " �' cost to Borrowcr af the mort a e insuruncc reviousl in rffcct, from an npernu�c nwrt�a�c inxurer u roved b l.ender. If
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<br /> • , �� , substuntielly equivuleut murlgt�ge insurunce coveragc i,nut avuiluble,Borri�wer shull puy lo Lendrr rach monlh �sum equal to
<br /> � one-twelRh of the ycarly mortgage intiurance premium heing paid by&mowcr when thc in.rurunce covcrage 1•rps�*d or ceakd to
<br /> . � :.' be in effect.Lender will accept,use und re�nin these payments aa u los� rcscrvc in lieu of murt�Age insurance. LLSS reserve `
<br /> _ form 302a 8190
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