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<br /> -� - Q �,O'7'263
<br /> S. H�d or Property lawe�aoe. Bo�rower �Iwll keep the impmrE�u naw eziQUn� or horcaftcr erect�d on the
<br /> .-- � _.�. .------� Pr�!±y�„.����swi�l ��e h�� {}�. I�nyn�� �rM��w}rrl wi�hln�h� ��nry "���C�{I!Y♦�nvN!�'M e11r� »R� nl�Tw�►1�����. �1!C�U��f1�
<br /> - flaads or flooding, for which l.ender rcquires insurance.Thix inaurance shall Ue rnuintained in tha omounta anel Por�he perind�
<br /> that Lender require�. The inswmk•e canicr providing�he insurancc rliull Fx� rhn�en hy Hnrrower xuhjccl tu I�:nJer'+upprovul
<br /> which ehali not be unreur�mably withheld. If 8armwcr failb ti�mufntain c�►vcmgc dexribed above, Lender muy, ut la;ml�r'�
<br /> =� - opUon.oStain covcrage to pratect Lender's rights in the Pmperty in uccurJunce with parug�uph 7.
<br /> ` � - �f `- " -� AO insurunce policies rmd renewals shall be acceptnble ta I.ende�and SIIAII I11CIlldtl A MlAfldiUtl I1101'1$OgC CIAU�C. Lender
<br /> ;"� shall huve the right to hold the policies And renewals. If l.endcr requires.Horrower xhull pmmptly givc to L.ender ull receipls of
<br /> �'`•' paid premiums and renewal notices. In the event ni loss.Borrower stwll give prompt nolice to the insurence currier and L.ender.
<br /> -- L.e�der may make proof af loss if ncu made promptly by�orrower.
<br /> W Unless L.ender and HoRawer otherwisse agree in wtiting, insarunce praceeda shall be applied to reslorudon or repair of the
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<br /> .-___ Property damaged,if the rcstorution or repnir is ecanomicully feasiblc and Lender's r,ecurity ia not lessened. IP the res�oration or
<br /> —__----�� nspair is not economically feasible or Lender's securlty wauld be lessened,tha insurnnce proceeds shall be applie� to the sums
<br /> _ _ _� _� r�rur�ri hy �hic cPr.���ty [ngtrument, whcther or ncK then due, wlth any P�cess petd to 9orrowcr. !f Hotmw.er sbandon+ tl�s
<br /> � � '""� Praperty,or dces not enawer within 30 days a notice from l.ender that the iasurance uirrier has offered to settle a claim,then
<br /> ��`'`� l.ender may coliect the insurence proceeds. I..ender may use the proceeds to repair or restore the Property or to puy sums
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<br /> -__��.�� secured by thia Setudty Instrument,whether or not�hen due.The 30�day per�ad will begin when the notice is given.
<br /> --- Unless Lender and BoROwer othenvise ag�e in writing. any Application of pmceeds to p�incipal shall not extend or
<br /> `i°`+° st ne the due date of the monthl a ments referred to In rn hs 1 a� 2 or chan e the amount of the u menta. If
<br /> �"°.•'���� P� P� Y P Y P�B P B P Y
<br /> -- ' Jsrx.r�rg..,y{�o
<br /> ---. ,��:c:.:�.•�'s under paragraph 21 the Propeny is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting from
<br /> �.Q_v:��<:;:'••°�-.:= dunwge to the Property prlar to the acquisition shell pass to I.ender to the extentof Ihe sums secured by this Security lnstrument
<br /> �� ' .��' immediately prior to the acquisition.
<br /> ..,��;y�2'^�� 6. Occupancy,Pre�ervAtion,Mpintenance wnd Protectbn oP the Property; Borrower's I.oan ApplicaNan;I.easeholds.
<br /> _� ����;,�R,<:�Y�;��+�j Borrower shell occupy,establish,and use the Property ns Borrower's principal residence within sixty days after the execution of
<br /> e
<br /> i"•'� this Security Instrument and shall continue to occupy the Property as BoROwer's pdncipal residence ior at least one year efter
<br /> '�'���.,� the date of accupancy,unless l.ender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless
<br /> • � '� �ew�," �' extcnuating circumstances eaist which sue beyond Borrower's control. Borrower shall not destroy. demage or impair the
<br /> L;, ~r'�t' Property, allow the Property to deter�orate, or commit waste on the Property.Borrower shall be in default if any forfeiture
<br /> u l;, .,.,,,,,,: y, action or prcxeeding. whether civil or criminal, is begun that in Lender's good failh judgment could result in forfeiture of the
<br /> `��• � Propeny or athenvlse materlally impair the lien created by this Security Instrument or I.ender's securlty intemst. Borrower may
<br /> , -. °"�'"r"` "` cure such u default and reinstate,as provided in pumgrnph I8,by cuusing the union or procecding to be dismisscd with a ruling
<br /> . `�'`�''""'^ ` ' thut, in l.ender's good faith determination, precludes forfeiwre of the Borrower's interest in the Property or other muterial
<br /> ._. impairment of the lien created by this Security Ins�rument or Lender's security interest. Borrower shall alsa be in default if
<br /> �""'�� ''�''`` '" Borrawer,during the loan application pracess.gave materially fnlse or i�uiccurate i nforniation or statements to[.ender(or failed
<br />- �`�=r��"�� ' �' to provide Lender with uny mater�ul information)in connection with the lonn evidenced by the Note,including, but not limited
<br /> -.���� ' v"�.,.� �r� to,representations concerning Borrower's occupency of the Property as a principal residence. If this Security Instrument is on a
<br />--`�•�� . �r4•�--,� �•• • �- � leaschold, Borrower shall comply with all the provisions of the lezise. If Borrower ncquires fee title to the PropeRy, the
<br /> ,_- � � leasehold and the fee tiUe shall not merge unless Lender ugrees to the merger in writin�.
<br /> __; "��.. u' 7.Protectlon of i.ender's Rights In the Property.If Borrower fails to perform the covenants and agreements contained in
<br /> - _ �hi�Securtty Instrument, or there i�a leFa! procccdins that may signitl.antfy aff��t L.�i�i�r', �lgtu,i�►tf�.� T�.,�x:�ty (,u.:S��. n
<br /> !� '�` .:.�. • , proceeding in bankruptcy,probate, for condemnation ar farfeiture or t�enforce luws or regula�ions), then l.ender may da nnd
<br /> i � .''•'''.' • " ''t'' pay for whatever is necessary to protect the vulue of the Propeny and l.ender's rights in the Propeny. Lender's actions may
<br /> �"}� - : a•r>�•. � . • include paying any sums secured by a lien which has priority over this Securiry Instrument, nppearing in court, puying
<br />_ b�"��'r����` .•� �?' rcasonable attorneys' fees and enlering on the Property to make repairs. Although l.ender may take action under this paregraph
<br />��'- �'�! � :;;. 7.I,ender does not hnve to do so.
<br />�» ' . s"�°"�• • •°� Any amounts disbursed by Lender under this parngraph 7 shall bccon�e additiotwl debt of Iiormwer secured by this
<br /> . •�}-�- ., _ Security Instrument. Unless Borrower and Lendcr agrce to othcr terms of paymcnt,thcsc umounts shall bcar intcrest from the
<br />'• . •• � date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requcsting
<br />� . .. �� �,:.� puYment.
<br />�' `!� � $. Mortgage Insurance.If Lencier reyuirecl monguge in+urnn:c us n condition of nwking the lo;�n secured by this Security
<br /> ` `�� ' Instrument, Borrower shall u the remiums r uir��l to maintain the nxm a� insurrnce in effect. If, for un reason, the
<br /> s . �.. p Y P e4 S B' Y
<br /> ` ''� ' mongase insurnnce coveruge reyuired by Lender lapses or ceases to be in effect. Borrower xhall pny�he�mmiumc reqoired to
<br /> ` .. ��°. '^ obtuin coverage substuntiully cquivulent to the mortgagc insurancc previnu�ly in rt7ect. •rt •r cost substuntiul ly eyuivalent to the
<br /> - ', � cost to Borrowcr of the mortgage insurance previ�wsly in cfl'cct, fram un altcrnute nwrtgage insurer upproved by Leixier. If
<br /> J � �� substantially equivulent mortgage insurance coverage i�nut uvuiluble,Burrowcr sholl puy tii L�nder each munth a tium equal to
<br /> •• ° one•twelfih ot'the yearly mnrtgage insurance premium Ix;ing puiJ Ny&rrrowcr wh�n the intiurunre coveruge lupwcl or ceased to
<br /> '°�. be in effect. Lender will accept,use and mtain thcsc puyments us a kiss reserve in licu of mongugc insurancc. Lo,s rr�erve
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<br /> Fam 3028 9190
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