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<br /> �. � 5.Hezard ar Prop�ty In�ance Botrower shall keeP ihe impmvements now existing or hereaftrs erected on the Property .
<br /> : �. i�ced agaiact tuss by fae.dazards incWded widUn the term"extended coverage"and any other ha7acds,inciudin8 floods oi � ; • . _
<br /> tlood'mg,for whicb I.ender requucs insurance.71us�ce shatl be maiatained in the amounts and for the p�ialc tLaz Lender ,
<br /> ± ` requims.The�ance cacricr p�nviding the in�aance shall be chosea by Barrowea subject w Leude,r's approval wdich shall not • _ ,�
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<br /> • be�mreasonably withhetd. If Boimwer fails to mamtam coveaage dcsat'�sed above. I.ender may, at Leader's optian, obtain� � '
<br /> — �,�ge tn prot,ect Leader's rights�the Frape=ty in arcasdantc with patagrapb 7. e ciause.I.ender shs11 -
<br /> � All ins�aance Pulisies and renewals shaD be ancePta6le to LQader and sliall iactude a srandar+d moitgag �� :
<br /> have ihe right Lo hold the policies and renearais.If I.eadc�requaes,Baaower shall prompdy give to I.ende,r all re�Ptc of paid � ` t
<br />-� . , , � pm,mumos and reaewal nottces.Iu the evwt of 1nss,Hoaower sUall give pmmpt nouoe to the insw�ance ca:rier and Len�dea.I.ende�l : -- '
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<br />- may make pmof af Ioss if not madc pmmptty by Borrowea. lied tn restorarion or repair of�he� ';,;;��;
<br /> � UWess Lender and Boiruwer otherwise ag�e in writrn8+wsu��Proceeds shall ise app' • ` - --
<br /> is ecanomical2Y f�ble and Leadc,r's s�n�itY is not lesscned.If the reswiauon o�' ;` .�_.
<br /> , , pro dam�ged,if the resmiaiion ur re�ir would be I�aed.the�ce Pr�ceeds shari be applied tn the� . .. s...•":f'
<br /> . rep�is not economicallY feasi'ble or I.eadea's sec�niry `.<•: :-_=-.--
<br /> � se�ared by this Sec�ritS► 1nsGument,ahethea er not then dne, with any eaccess Paid to Bozrowea.1f Bmrowea abandons the
<br /> � . dac offaed to senle a claim.ther► `"�f°"==
<br /> � Ptopaty,or do�nai answea wilhin 30 days a notice from Leaidex thai the�ce carriea ���y�� --
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<br /> � Lender maY collect the msmance p�ace�s.Lea�der may use the pmceeds w m.pair or re.stare the Prapeny --. _
<br /> • , , by dus Sec�ity Ia�me,nt,whether or noi t6en due.'Ihe 30-day P�iod w�l6egin whea the notice is givvc,n. . .
<br /> . UnI�ss I.�der and Boimw�r otheiarise agree m wri�n8,a�ry a�Phcation of pmceeds ta priacipal shan not extend or postQone �.;:;'..�_�
<br /> j ts Ifonderpara$ra�b
<br /> eats ref�red w iu paragra{f1B 1 and 2 or cbange the amauat of the paymen . ` `�`;-_
<br /> the dae date of the monthlY PaYm . ��8 from damage to the ' �;`y�_
<br /> 21 the PtopeacY is acqttired by Lendea,Bosmwer's right to eny msuwnce pattc�and proceeds Instcutneat immed.iatelY - `:.,��'--=
<br /> ' uon shall Lendea w the eactent of the sums secared by d�is S� "� "
<br /> . � -;,, pmpaty prior w the acquisi Pas�� . , �_t+�`�-
<br /> ' �• _ ': pri4r w the acqnisitioa '��`` •..���_'
<br /> . . 6.Oocapanc9.Preservatina,Maintenance and�rotecdon of the P+ropert9; Borrower's Loan AppHcatton,Leaseholds. ., :�: • .._,�_
<br /> ` • Bormwer shall oa�Y.establisb,and ose the PrapeatY as Houowec's piincipal resideace within sixty days afler the execution of a, r
<br /> . . . � tGis Sec�uity Insmime.at and shall cantinne to oc�aPY��P�Y
<br /> as Boaaw�s principal resideACe far at teast one year a£ta the •��_:
<br /> date of oaupancY, � Lender othecwise a�ees in wriw►g, wlvcb conseat shall not ise unreasonably arithheld, or un1ess .. �=���z
<br /> the Property, _�,�_.:.
<br />..�� �• . - •+ extr,ana6ng pdrwcnst�ces e�d�st which are beYand Borrower's contcaL Bmmwra shaII not destroy.damage ar imP� . ��,,:,;c„�,
<br />. ' , ' . '..i a12ow the ProgectY m deteciorate,or commit waste on the property. Borrower shall be in defanit if any forferoare adinn or � ..�itt��:
<br /> -- , , proceedmg,w6ether civ�7 or crimu�al.is begim that in Leada's gaod faith judgmemt contd tesutt m forfeiture of the Prope�ry or :. - ;-' .
<br /> insocument or L�der's secinit�►intaest Bosmwer may aue sach a "�•; :�'i�;=
<br /> ' � othe,rnrise materieuY ianPair the lien creatcd by dils Security with a mlin that. .t��,;Q� `.
<br /> b 18.b causin the acdon os pmceeding w be dismissed S � .:s-.,=
<br /> '! • def2Ut[eAd tei�aLe.ds p�ovided'tn p2rdgt8p Y g '` '" '' '
<br /> . . _ I.ender's goad faiih de�on,Precludes forfeiwre of the Barrower's int�est in the PcoPertS►oT othea maierlal impairment of _ ..,::'.�`,=:_
<br /> the lien created by thts SewritY Inswment or Lender's sec�uitl►interest Boirower sha11 also be in defanh if Boimwer,dwaig the , . '-;`'_��u:
<br /> , loan aPPficstion pracess,Save mate�ialtY false or inaccurate information ar stauments t+o Iender(ar fa�ed w provide Lendea with � � --
<br /> � sta
<br /> :..�. �y ma�1a1 Information) m connection with the toan evidenced by the Note,includ�g, but not limited to,repre.sentations �. . ��G�:-:
<br /> ;,. . . �.; canceming Hormwea's occupaacy of the Proyerty as a principal residence.If this Secauity Instrument is on a leasehflld,Barrower , �, .,�,.�•,
<br /> sl�a11 oomply with all the provisions of the leasc.If Borrower acquires fe�dQe w the Property.the leasehold aad ihe fee title shall . -:.;;;,,.;
<br /> � " not merge uNess I.e�d�agrees w the mergea in writing. .: '�'-
<br /> . . 7.Protecdon of Lend�r's Rig6ts in We Property. If Borrower fails to perfoan the covenants and agreements cont�ned in ' �� � ::�?;
<br /> � this Secutlry lnsbumeaiL or there is a legal Droceed'm&that r�Y��cantly affect Lender's rights in the ProPertY(such as a ; .
<br /> tcy,Dmlrate,for condemaatinn or forfeiwre as to enfone lawa or regularions),then Lend�r may do and paY . �.
<br /> :. ; yraceeding in 6antQUp ma --
<br />��•�,��f-.. . �-•�•� - . .
<br /> for whatevcr is aecessaiyr to protect the vatae of the ProPedry aad Leadzr's rights in the Frapesty.Laider's ac6ons may include
<br /> d� seasonab2e .
<br /> , PaY�B �Y � secured by a lien wbich has priority over this Se�uity Instrument,aPPear��in coun, paN�B . � , .. ..
<br />. . . suocneys'fees and ent�aing on the Property w make repaira.Although Lendea may take action under this paragwpL�,Lender .
<br /> . . doc�not have w do so. .
<br /> � qny a�nounts disbmsed by I.ender under this paragrsDh 7 shall become addidonal debt of Bosower secured by this Security_ .
<br /> ,°�,� , Insaument �Jnless Brnrower and Lend�agcee to other tams of Dayment,these amounts shall bear intaest from the date of;°�, . . . .
<br /> disburseanent at the Note rate and shall be payab2e.with interest,upon notice from Lender to Boimwes requesting DaYment , � ..
<br />`-�.�- '. . 8.Mortgage Insnrance. lf Lender required mortgage insurance as a condition of making the loan seaued by this Security -
<br /> :�.� � lnsaument, Bwr�wer shall paY the Premiums required to maintain the mortgage inswance iu effect 1f, for any rcasnn,the , ., . .
<br /> Bmr
<br /> � • � mortgaSe insu�ance coverage r e quired b y Lender layses or ceaces w be in effect,Borrower st�aU pay the pnemiums required to :.
<br /> .. _ obtain coverage substantially ecluivalent tn the mortgage insarance preveously in effec6 at a cost subs�ntiaUy ecluivalent to the ,
<br /> � cost w Borrower of the mortgage insurance previously in effect,from an altemate mortgage insurer aDproved by I.ender. lf
<br /> substandally equivalent mortgage insivance coverage is not available.Botrower shall yay to 1.ender each month a sum equai to �
<br /> � on�twelfd�of the yearly mortgage insurance premium being paid by Borrower when the ins�rancc coverage tapsed or ceased to �
<br /> . . be in eftect Lender wi11 accept,use and retain these payments as a Ioss reserve in liea� of mortgage insiaaace•Loss resen+e
<br /> � ' Form 8028 9/90
<br /> � �-eR(NE)�oz�z).o� Pa903o18 i�niam: � . .
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