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<br /> ._ „ .�.�.� 92— sossx� +�. _. .
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<br /> _ s. H�rd or prnperty Incur��e. Borrower shall kcep the Imp►rovemenq now exlKing on c�rcafter trec[od an tha
<br /> Pmperty incurcd�uinct loa9 by flrc, hsuardw includeJ within Ihe tcrm "oxtendod covonQe"wd�ny other h�rard�. lacludin�
<br /> -- __.....T._n...�—.-.-a��--, fiu.�ds ur fi:hxiiu���bY wIII�Si Iw:iMJit i�yi3����.iri.,wi•at�ci.Tl�i:,ia�ur����:c shal! tsc n�intalr,cd !n thc amauats und far the perlads
<br /> thut l.endcr rcyuirer. "I'hc in�urancc carricr pro�iding tlir in�ur.�nrr�I�ull hc chuwn hy &►rruwcr xubject to l,endcr'r opproval
<br /> �� wMch rhyll ncu bc w�ruu�muhly withhclJ. If linrruwcr 1ui14 ��� niuintuin covcrugc dcurlba)atxwe. I.ctulor m�y, at Le�r'�
<br /> ;� option.oMain cavcruge�a pr�NCCt I,ender's righls in�he Pmpeny in accnrdu�x:e with par�gruph J.
<br /> --�'`— -- ---�-' All iabur:uxc p�ilicfati u�xl reix:walh til�ull lx; :uceptable to Lcnder nnd �;hnll include u aiandard m�rtgage rinuge. Irnde�
<br /> sball hwve the right tu hold thc palicies And rencwulx.lf t.cndcr rcyuires,Bormwer sh�ll promptly give ta Lender�11 recrip�s of
<br /> ''��� paid premiums und renewal natices. In th�event of lusa. Borr�wer shall Qive prompt notice to tha insuraru�e c�rrie�wrd L.ender.
<br /> _ I.�nder may make proof of I�ss if not made promptly by &►rmwer.
<br /> — - Unless Lender er�d Borrower otherwise agrec in wriiing. insurnn�.�e prcK�lx�huil ix upplicai tu �c.,i.,►atl.�tti or i�pair af thr.
<br /> - -- ---- Property dumugod.if the restorntion or rep�ir ia economically feusible And Lender's seciuity ia not le�sened.lf tfie rcstoration or
<br /> repafr ia not econc�mically feasible or l.ender's secu�ity wauld be lessened.�he insurunce proceeds shWl be applied t��Ihe xums
<br /> � aocured by this Security Instniment. whether or na�hen due, with any eacess paid to Borrowor. If Bann�wer abandons the
<br /> � __ _ Property.or doea nat anawer within 30 days a notice from l.ender that the insurance c�rtier hos affered to r,etUe w claim. then
<br /> — Lcnder may collect the insurnnce prceeeds. l.ender may use the pr�xecds to repair or restom Ihe Propeny or tu puy sums
<br /> — eecured by this Security Inatrument.whether or not then due.The 30-duy pedod will begin when the natice is given.
<br /> — Unless Lender and Borrower othenvise agree in writing, any applia►tion of proceeds to princlpal ahell not extend ar
<br /> — postpone the due date af the monthly payments referred to in parugropha 1 and 2 or change the amount of thc payments. If
<br /> -="' '�� under paragrAph 21 the Property is acquired by Lender, Horrower's rlght to uny insurance policies und pn�cc«!s rc�ult{ug fruiu
<br /> ,v�.�~ damage to the Property prior to the acqulsition shall pass to Lender to the extent of the sums secured by this Securiry Inrtrument
<br /> x"` .. . immadiately prior a the acquisition.
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<br /> w�` 6.Oocu{�ancy,Preaervatton,llMintenance and Protection oP the Property; &►rrower's Loan Appllcatlon;l.easeholds.
<br /> ••" Borrower shall accupy,esteblish.and use the Property us Borrower's principal residence within sixty days uRer the execution of
<br /> �,,,;,�. Ihis Secu�ity Ins�rument and shell continue to occupy the Propeny as 6orrawer's principal residence for at least one year after
<br /> ,:p ., ,.:� ..,.�, . Ihe date of occupancy. unless Lender otherwise agrees in writing, which consent shell not be unrcusonebly withheld. or unlesa
<br /> -- extenuating circumstances exist which ure beyund Borrower's control. Borrower shall not destroy, damage or impair the
<br /> - � �' � Property, Allow the Property to deteriorate, or commit ws�stc an the Property. Borrower shall be in default if any forfeiture
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<br />-_, ;�` •�..�:_,��,�'T' � actian or pracecding, whether civil or criminal, is begun thut in l.ender's good fai�h judgment could result in forFciwre of the
<br /> -' Property or otherwise materially impair the lien cremed by thia Security Instnrrnent or L.ender's security interest. Borrowcr tmy
<br />_ • �j��:•;�.��a� cure such a defauit and reinsw[e,as provided in parugraph i 8,by causing thc action or prucealing io br.linuuasral wiih n rui3ng
<br /> ��'``'.=�''� ° � ' ' 1hat, in [.ender's good fuith detcrmination, precludes forfeiture of the Borrower's interest in the Property or other material
<br /> �•t •�. impalrment of the lien created by this Security Tnstrument or I.ender's security interest. Borrower shull also be in defsult if
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<br /> ° ,. > .��•�•� �-��,�,�;�,�; Borrower,during the loan application process,gave mnterially fulse or inuccurate information or stutements to Lender(or failed
<br /> , , to provide i.ender with any muterial infornuttion)in connection with the loun evidenced by the Nute. including.but not limited
<br /> •� 'y��� " " to. representations concerning Borrower's occupancy of the Property as u principal residence. If this Secudty Instrument is on a
<br /> '��� ,` � leaschold, Borruwer shall com 1 with ull the rovisions of the leuse. !f Horrower ac uires fee tllle to the Pro rt the
<br /> .;...,...,..�. .�� P Y P 9 Pe Y•
<br /> • . .. _ ... IeASehold und the fce tidc shall not mcrge unless Lc:nder:tgrees to the merger in writing.
<br />• z �.�.,a-��-�:., 7.ProteMlon of Lender's Rights in the Property. If BoROwcr fuils to perform the covenunts and ugreements contained in
<br /> f ' �-•�• •°; '�'�. - this Secudty Instrument, or there is u Iegul proceeding thut may significantly uffect Lender's rights in the Property (such as a
<br /> ��'� � -''L�"-°`�;,,' proceeding in bankruptcy, probatc, for condemnation nr forfeiture or to enforce la�ti�s or regalations),then Lender may do and
<br /> '����' �++�► • • • a for whatever is neces�u to rotect the value of tl�e Pm rt und I.ender's ri ht� in the Pro n l.ender's actions ma
<br /> P Y •urY P Pe Y � Pe Y• Y
<br /> �. � ;�;i;�',;;,::;;,.„ �,?.� include payins any sums secured by u lien which hux priority over this Security Instrument, appearing in court, payfng
<br /> �i � {�. . 3. reasonable nttorneys' fces and entering on the Propeny to n�lce repain.Al�hough Lender muy tuke action under this paragraph
<br /> �;;� ". , 7. I.enJer does not huve to do so.
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<br />�.�� •. :� .� An y umounts disburs�xl b y Lendcr unJer this paro gruph 7 shull become udditionul debt of Bnrrower secured by this
<br /> � �` � �° Sccurity Instrument. Unless Borrower and l.cndcr ugrec to othcr tertns of paymcnt,these umounts shall bear interest from the
<br /> ;r';." . -• date oF disbur3ement at the Note rute anJ shull tn payuble, with imerest,upon notice from Lender to Borrower requesting
<br /> �„ •.:�.'.-., `�:.�.i�-;` payment.
<br />` 'i.. ,�,�;�� ' '""' ' S.MoHgwge Insurance.If LenJcr rcyuired mongugc insuruncc us u rundition oP rnuking thc I��un secured by this Security
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<br /> '* �� ��'"'�;�.���,��;,� � ��• � Instrument. B�rrower shull puy the premiums rc�uired io muintuin the mortgage insurance in effect. if, for ;uiy reason, the
<br />,;�'• x ��` ' �� ;• mortgagc insurance coverugc rcquired hy Lendcr lupsc� or cca+cs to bc in effcct, Bnrr�iwer sh•rll pay the prcmiums required to
<br /> ' . ' "- i,.. „ obwin covcrAge sub�tantiully cquivalcnt t�i the mortgu�c insuranre previnusly in effect, ut a cost substantially equivulent to the
<br /> ', "� �r�•� _ cost to Barrower of the nwrtguge imurunrr prcvi��uzly in effect, fr�im un altcrnutc mortguge insurer upproved by Lender. If
<br /> � � , "' 4 suMrtuntiully cquivulcnt m��rtgugc insurnncc covcragc is not avuiluble, Bnrrowcr shall puy to LcnJcr cxh mnnth u sum eyual w
<br /> � � one-Iwelfth oF the yearly mortgu�te insurancc premium bcing p•rid by Borrower when thr in�ur�►nce roveragc lupsed��r ceuxd to
<br /> , ° � be in effect. Lender will ucrept,use und retuin thesc payments as u loss reserve in lieu ot' mortguge insurnnce. I.uss rczerve
<br /> „ �'� Fam 3028 81Y0
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