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<br /> � . . . � R�•REC�EO',1dO7O � O��S . �
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<br /> S.Fi°ia�ard or Property Insurunce. Borrowcr shull kecp thc improvcmcnts now cxisang on c�r�r crcct�d on thc Property �
<br /> insured egainst loss by Grc,hazards includcd wiUiui �he term"cxtcndcd cc�vcrs�c" and any othcr ho�t�rds, including flcx�ds or
<br /> (lcu�ciing, for which Lender rcquires insurnnce.'I'hla insurance shs�ll be muintaincd in thG amounts and for thc periods thnt Lcndcr
<br /> � ��quu�s, 'Ih�insurance carrier provi�i�ig the insuca�tce shali be choscn by Bor.owe;sub�xt to Lender's epproval which shnll not
<br /> . , be unrcasonably withheld. If Bomower Fails to maintain coveragc describcd above, Lendcr mny, ut Lcndcr's opuon. obtain
<br /> coverage to pmtcxt L.ender's rights in the Properey in accordance wtth pazagraph 7. . .
<br /> pll insarance poIlcies end renewals shall be accePtable to Lender and shaU include a standard mortgage cluuse. Lender shall
<br /> have Ihe right w hold d►e policies and renewals.If Lender requires,Borrowcr shall promptly�ivc to I.endcr all reccipts af p�id -
<br /> premiums and renewal norices.In the event of loss,Borrower shaU give prompt notice to the insurance carrier and Lender. Lender
<br /> may make proof of loss if not made promptly by Bormwer.
<br /> Unless Lender and Boaower otherwise agrec in writing.inSUrance Proce^'-dg shall be upplied to reswradon or repair of thc „„„
<br /> property �naged,if ihe restornt+on or repair is economically feasible and Lendea's security is not lessened.If the reswrabon or ,.�„•:•t:: �:.
<br /> , repair is not economically fe,�sible or Lender's securicy would be lessaned,the insurance proceeds shsill bES applied w the sums ;�; ���_�
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<br /> se�ured by this Securtry Insirument, whether or not then due, with anY eacess paid to Bo:rower. If Horrower abandons the � :�������;==-�-
<br /> � gcope�ty.or does nat answer within 30 days a notice from Lender that the insurance carri�r has offered to settle a claim,tEten
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<br /> '�4 Lender may callect the insurance proceeds•1.ender may use the proceeda to repair or restore the Property or to pay sums secured �_
<br /> roce
<br /> by this Security Insuument,whet�er or not then due.'Ihe 30-tiay perlod will begin when the nodce is given. v
<br /> � s�.,.T.�.w.��_
<br /> � Unless Lender and Borrower otherwise agree in writin8.anY appucaflon of procceds to principal shaU not eatend or postpone ��,: +�j���
<br /> � ` �he due date of the monihly payments referrcd to in paragraphs 1 and 2 or change the amount of the payments.If undet paragraDh ' 1,�,,-_
<br /> ;:;?� 21 the Property is accluired by i.ender,Borrower's right to any insurance poGcles and proceeds resulting from damage to the • -
<br /> •f:.. . ��=
<br /> •�Ya propercy prior to the acquisidan shuU pass w i.ender to the extent of the sums secured by this Security Instrument immeAia�sly ,��',
<br /> priorw the acquisidon. �`�
<br /> � 6.Occupancy,Preservation,Maintenance and Protection ot the Property; Borrower's Loan Applicution;I.easehaWs. -;:�j .
<br /> Borrower shall occupy,establish,and use the E'roperty as Borrower's principal residcnce within sixty days after the execudon of .. 'f'a ---
<br /> _��i �h.�Securin►InstrUment and shall continue to occupy the Property as Bonower's�rincipal resldence for at least one year after the • f
<br /> --_ -- -- dttte of occupancy, unless I.ender oiherwise ag�ees in wnting, whicn oonseni �nall uui ue u�a�na�xy ��sihD:eld,�z s:»��� _
<br /> exLenuating circumstances eaist whic!►are beYond Sorrower's control.Borrower shall not destroy,damage or impair the Properey, ` .
<br /> allow the Property to deteriomte, or commit waste on the Property. BQmnwu shall be in default if any forfciuue acdon or
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<br /> proceeding.whethei civll or crlminal,is beBun that in Lender's goad f�ith judgment could result in forfeiture of the Prope�cy or '�. ��
<br /> ,• otherwise materially impair�he llea�created by this Security Iastrument os Le:nder's securlty interesG Barrower may c�e such a ,i
<br /> default and reinstate�av provided in Paz'aS�aPh 18.by causing the acdon or proc,eeding to be dis�nissed with a nillng�hai,in -
<br /> Lender's good faith det�em►ination,precludes fodeipue of the Borrower's interest in�he Property or other maceiinl impairment of �
<br /> the lien created by this Securiry Instmment or Lender's security u►tcresG Borrower shall aLso be in default if Boirowec,dauing the , f,,
<br /> � ioan application process,gave materlally false or inaccurate infom�ation or statementa w I.eadGr(or failed w provide Lender with
<br /> any materlal infncmadon) in connocdon with ihe loan evidenc� by the Note. including, but not limited to, representations �
<br /> . concemin8 Borrower's occupancy of the PropenY as a principal residence.If this Security Instrume�t is on a leasehold,Barower _
<br /> " •.. sha11�omply wit}i all the provisions of the lease.If Bonower acquires fee atle w the Property,the leasehold end ths fee dtle shaU
<br /> � not merge unless Lcnder agrees cu the mer8u'u►Writing. �"'�
<br /> • 1,protectbn of Lender's Righfs ia the�Prop�rty. If Borrower feils to perform the covenants and agrc;emcants conteined in
<br /> ' �° this 5cxuriry Instrument,or there is a legal pmceeding that may significanfly affect L.endePs rights in tha Property Csach as a �►-�:,-
<br />�. ;:°'if•; p��g�b�pecy,prnbatc.for condemnation or fosfeiwre or to enforce lawa or regulations).then Landcr may do and pay �t`:�_
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<br /> for whatever is necces.s.sary eo prote��the value af ti�e Properey and Lender's dghts in the Property.Lender's acdons may inclu e ,,,_,�;.,
<br /> 0 rea5onable
<br /> in cotut,PaS►in8 ;,��,...,
<br /> ��yNg eny sums seeured by a lien which ha�priority over this Secucity Insuvment, appearing ,.tit�;�
<br /> � � atwmeys' fees and enterjng on the Prope�ty to m�ice repai�s. Alihough Lendec may take aetion under this par,►gxaph 7�LCildCr y��4—
<br />- duPS not have to do so.
<br /> � Any amounu disbursed by Lender nnder this paragreph 7 shall become additional debt of Borrower secared by this Sccurity __- ___ _
<br /> Insuumcnt UNcss Borrower and Lender agaee to other termg of pay�aent,these amounts shall bear interesc from thc data of ------ __
<br /> " iiisbursemenl at the Note rate and shall be payabte.with inLerest,u�n nouc�from Lender to Borrower requesting paymei►t _ _____ _
<br /> � B.Mortqage Insurance. If Lender rcquired anortgage insurance as a condition of making the loan secured by this Security =---W���-.�
<br /> Lnsuument,Bocrower shall pay th� premiums requised to maintau►the mongage insurance a� effecG If. for any reason,the w�� , �f .;.:
<br /> mo�tgage insurance coverage requtted by Lcnder l�pses or ceases to be in effect,Borrower shall pay the premiums rc�quired to _�,,,, � a �
<br /> � o6tein coverage substan�ally equivalent to the mortgage insurance previously in effecL at a cost substantially equivalent to tJ�e ":.h"�:...� �'�;�.'�
<br /> cost W Borrowcr of the mortgage insurance previously in cffect, from an alternnte mortgage insurer approveci by Lcndcr. If '"'�.�'���:�,��,':�_
<br /> - o a e insurance coverage is not available,Borrower shall pay to Lender each month a sum ual to ,' �`j'�t.° .
<br /> substandally c.quiv�lent m rtg S � '�''°��=��
<br /> � one•tweffth of the yearly mortgagc insurance premium being paid by Bomowcr when the insurance coverage Iapsed or cea.Sed to .4:;.�-,��s,��:. . -
<br /> �� ��f�ct Lepder will accept, use and remin diese payments as a loss reserve in lieu of mortgage insurance.Loss reserve `' •::�v, .
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<br /> . Form 30�o O/o0 „ ,
<br /> .. P�p�9 01 8 Inillals:/f7�' �� �.
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