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<br /> -..� - � - ---:� 10'7'258
<br /> - - S. Nazord or!'�^operiy Iosur��e. BaROwcr ahall keep the improvements naW�ic�ting or hereaRer erected on the
<br /> -- ---- Pmpcny in�uml avdnRt I�s�My fire.ha�ardx i��cludod within the term "extended coveruQO" and any other hozards,Includin�
<br /> _ floada or Ilooding, for which Lender rcqulrex insuranc�:. This insurance�hull be ma+ntained in the cunoun�s and far tho periads
<br /> — — that l.ender requires.The insurance carr+cr prmiding the inyurunre xhuU bc chu�cn hy Aurrowcr hubject to L.cnder's upproval
<br /> - which shall not be unreusonably wi�hhcld. If &�rruwcr fuils ta mulntuin coverAgc described ubove, L.ender may, at Lender's
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<br /> _: . optian,abtain coverage to prntect Lender's rights in�he Pmperty in accordance wi�h parAgrnph 7.
<br /> � "�- - "� "� ` ° 1�111 ineurance policies nnd renewatx ehull t►e accepu►ble to Lencier u�c1 shall include u r�anJard �n��ngoge clauee, Lender
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<br /> `� ' shall have the right lo hold the policies and renewals. If l.ender requires,Borrower chull promptly give to L.ender all rcceipts of
<br /> a' puid premiums and renewul notices_ In the event of loss,Botrower shall give prompt notice to the insurance carrier aind[.ender.
<br /> • Lerder may make proof of loss if not made promptly by Banawcr.
<br /> __.._....__.�,_-� Unless Lender and Borrower otherwi�e agree in writing,insurance proceecls shall be Applied to restoration or repair oP the
<br /> = Property damaged. if the restaration ar repair la econamicAlly ieu.�ible and i.ender's security ia not lessened. IP the restoration or
<br /> -��� -��u,�sr�-,�'oi repair is na ecanamically feasible or l.ender's security would be lessenod. the inaucunce pr�x�la shall be applied to the sums
<br />___,__ --- -- -' securod by this Security Instnement,whether or not then due, widi any excc�s paid to Borrower. If Borrower abandons the _
<br /> -M � Property, or do�s not answer withi n 30 cleys a natice from I.erder that the lnsurance cnrrler has offe�ed ta settle a cleim,then
<br /> ��'��� Lender may collec:t the insurance proceeds. I.ender may use the proceeds to repair or restare the Property or to pay suma
<br /> secured by thia Socurity]nstrument.whether or not then duc.The 30-day perlod will begin when thc notfce is given.
<br /> — Unless I.ender end Boirower otherwise ngree in wrlting. any application of praceeda to princ:ipal shall not extend or
<br /> s �u�__ postpone the due dete of thc montt�ly payments referred to in paregraphs 1 and 2 or change the amaunt of the paymems. If
<br /> _ ���"���.��;� under paragraph 21 the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting from
<br /> ���„- damege to the Property prior to the a�quisition ahall puss to Lender to the extent of the sums secured by this Securiry Instrument
<br /> �+�i immediately prior ta the acquisition.
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<br /> �`-�.,.,...�.�T,�i 6. Oo�wpancy,Preaervation�1Nolntenance And Protectlon of the Property;Borrower's[.aan Applicwtion;l.easeholds.
<br />-- �y'�' � Borrower shall occupy, estabtish,and use the 1'raperty ns durrower s principal residen��e wi�hin six�y days uiter the exaucian of =
<br /> ''.,���,='s:-�I this Securiry Instrument ar�d shall condnue to occupy the Property as Borrower's principal residence far ut Icast one year nfter
<br /> �.:�;�:.ac:���� the date of accupancy, unless [xnder otherwise agrees in writing, which consent shall not be unreasonebly withheld,or unless -
<br /> _'���� «,�. t extenuating circums�ances exist which are beyand Barrower's control. Borrower shall nut destroy, dernage or impair the
<br /> ��_� ''T:� Property, nllow the Pruperty to detedorate, or cammit waste on the Propeny. Borrower shall bc in defuult if any forfeiture
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<br /> — ��'�-'`~•'•� '-Y� ection ar praceecling, whether civil or criminul,is begun that in L.ender's�oad fath Judgment could result in farfeiwre of che
<br /> �-�= �� ��".f'` �'�� Property or othervvise materiully impair the lien created by this Security Instrument or I.ender's security interest. Borrower may
<br /> _y, .--�----'' cutc such a default und reinslute,as providad in puragtuph 18,by causing the action ar proceeding to be dismissed with a ruling
<br /> -- ,,;,,.x'`<<','y,�'`1 � that, in L.ender's good faith deterrninution, precludes fbrfeiwrc of the Borrower'ti interest in the Property or other material
<br /> ,�;:,. „ • impairment of the lien crented by thfs Security Instrument or Lender's securily interest. Borrower shall also be in defeult if
<br /> ;u�� Borrower.during tNe loun application process,guve materially fulse or inaccumte infortnation or stutements to Lender�or fa�led
<br /> { ,;,� •�`"w`•'-�'•� to provide I.ender with any material informution)in connection with the loan evidenced by the Nae,imluding, but not limited
<br /> ""'`' ' 'i�r .. � ' to,representations conceming Borrower's occupancy of the Property ac u principal residence. If this Security Instrument is on u
<br /> `';' � ;,��„�,;..,. � leasehold, Borrower shall comply with oU the provisiom of the leuse. If&�rrower ucquirec fee litle to the Praperty, the
<br /> - , leasehold and the fec title shall not rncrgc unless[.enJer agrees to the merger in writing.
<br />-- �•••�-���•• � �.• 7.ProtecNon of Lender's Ri�Ms in the Property.If Bnrrower fuils to perform the covenants and a�reements contained in
<br /> � � .�''�" �"�� '•�'' this Security Instn�ment,or�here is a I��ul pnxeeding thut may signiflcantly uffect Lender's rights in the Property (such as a
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<br /> ',"±•:".d''�'_• � praceeciing in bankruptcy, probate, for condemnntion or forfeiw�e or to enforec luws or regulatians), then Lender rnay do and
<br /> �" �.;.!�3+�:: � �`" pa fnr whatever is neces�► ta rd�rt thc vuluc of thc Pro rt und Lcndcr's ri hts in the Pr rt Lender's actions ma
<br /> . � ;,, Y rY P P�' Y S � Y� Y
<br /> �• -- include paying any sums secured by a lien which has prioriry over this Security Inswment, appearing in coun, paying
<br />-�`� , �r,�iir_Kn;�� reasonable attorneys'fees ancl entering on the Property to muke repuirs. Although L.ender may wke action under this paragraph
<br />. ,�:' ��,-� :� 7.Lender does not have to do So.
<br />�'.a �' Any amounts disbursed by Lender undcr this purugruph 7 shall becomc ixldi�ional debt of Borrower secured by this
<br />:.-;�- . .•'j•,�• . '�; .: Security Instrumen�.Unle�z R�rmwer und l,endcr agree�o uther terms of payment. �hese umounts shall tkar intere�fcom the
<br /> _ : p� • � date of disbnrsement at the Note rule and shnll be payablc, with intcrest, upon notice f'nim Lende�to 8orrower requesting
<br /> • payment.
<br />' �{. ^�r,�;�.;• °� 8.Mortgage lavurance. If l.�.nder reyuircd mortguge insurancc as•r ccmdition nf muking�hc Ician secured by this Security
<br /> • ` � . ,. Instrument, Borcower shall pay the preniiumti reyuired to maintuin the murtgnge insurunce in effect. If, for any reason, the
<br /> ` y� mortgage insurnnce coverage reyuired by Lender lapsc.or rcu+es ta he in effe�t,B��rrower shull pay the premiums required to
<br /> , obwin coverage substantially equivalent to the mortgage insurunce previausly in effer4 ut •r rost substantiully eyuivalent to the
<br /> • �j .�'` � � cort to Borrower c�f the monsage insurancc pnviously in efl'crt, Gum an aherrwtc miinEuge insurer appmv��i by I.ender. If
<br /> substuntiaily equiv:ilent mongage inwrunce roveruge i+nut availuble. Burn�wer �hull pay lo Lcnder cuch montli u sum eyual to
<br /> ° � • �. • one-lwelfth of the yeurly mangage insuranrc pmmium lx�ing puiJ hy Bnrrower whrn�hr imurance roverage IapseJ�x ceaxed to
<br /> . . be in effect.Lender will arrept, u�e unJ reiuin the.e paymcnt.u, u luss retiervr in lieu of murtgage insurance. Lu+s rcurve =
<br /> �-- � , 1 Form 3028 8180 4
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