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<br /> �, Hamrd or Frogerty Insuram�• Borrowe:shall keep the impravemen�s now existing or hereafter erected on the � �,r ��, ' . ; �
<br /> r ' `: ,�
<br /> properry insured against loss by fire.hazards included wi!hin the term "extendtd coverage"and any other ha7ards, including �. —
<br /> floods or flooding.for which Lender requires insurance. This insurance shall be maintained in che amoun�s and�or the periods - - �
<br /> that L.ender raquires. The insurance carrier providing the insurance shall be chosen by Borrower subjext to Lender's approval �� �y;��,. .,�...
<br /> which shall not be unreasanablY withheld. if Borrower fails to maintain coverage descritsed xbove. Lender may. at i.ender's . : : <• �
<br /> option,obtain caverage to protect Lender's righu in the Praperry in accordance wih Qaragraph�• �,�
<br /> A►1 insurance policie�and renewals shall be accepiable to Lender and shall include a standard mortgage elause. Lend�r ;
<br /> shall have[he right to hold the policies and mnewals.If Lender re�uires.Aorrower shall promptly give to Lender all receipts of _ ��• `. � -
<br /> paid premiums and renewal notices_ In che event of loss. Borrower�hall give prompt nodce ro the insurance carrier and I.ender. �"'`"""�"`'�'���',^T�`"
<br /> Lertder may malue proof of loss if aot made promptly by Borrower_ �_� -•- •. _
<br /> Unless L.eader and Borrow•er�''�erwise agree in u�tir�.�nsurance proceeds shall be applied to restoration or repair of the ':.:.u�::.�::i�+:.�=;�'�
<br /> pmperty damaged,if the nstor-��e�or ropair is c�'onomiralL} fe3sible and Lertder's security is rtot lesse[ted.If the restoration or � �, ::,• :;;:_.�,_-.
<br /> repair is not economically feasi@.e cr Lender's s.ruriry w�cuid�e lessened.the insurance proceeds Shal�be applied to the sums _
<br /> secu-�':by this 5ecurity Instruraer.i.wnethrr ur not then.�.u�_ with any excess paid co Borrower. If Borrower abandons ihe _ ��,
<br /> . p�rn•, or daes not answer wia�..ia 30 days a noiice from�.�:3�r that the insutance ca,-cT_er has offered to settle a claim, then �� t:: _ � ;�;-�;;'
<br /> L.ene�:s may coliect the insuran� proceeds. Lender may as.: tHe proceeds to repair o� r.store the Property or to pay sums :,,�,,. .,��..,.�_
<br /> ' secured by this Security Instrument,whettcer o.-not then due.The 30-day�on of b roceedseto pri�riPa1 h 1 ot extend or �- �
<br /> Unless Lender and Borrower otherais� agrer in Writinb. anY ap�� P �-'" ,,,�� ,.�
<br />_ postpone the due date of the�or.`�ly payments referred[o in paregrap:� I and 2 or change the amoum of the payments. If Y�:' ����rv :
<br /> Borrower's ri t tn any insuranoe policies and proceeds resultinU from �' ��'. --_=-�
<br /> under paragcaph 21 L:�.Frope�•�s 3.•quired by Lender, $b <<'`. � -°'.x' "",,
<br />_ damage to the Fr�{�:�prior to€�e acquisirie�shall pass to Lender to the e�.nt of t�e surr•�.;secured by this Security�nsteu�a� �j�;� �` :`' � � ;,_,-
<br /> ,r ,.;+� •.r:
<br /> °�: immediately prior:o che acquisition. ' =
<br />. 6.Occupancy,�'eservatton, Matntenance and Pratection of t6e Property;�zvwer's Loan Applicatton;I,e���!':s. �--._'i...r . , r2%fx���;.
<br /> ?1`%�fft. ,�'�°';•:
<br /> Harrower sha11 accupy.establish,and use the Property as Borrower's prineipal reside*sz within sixty days after the ex�ution a.` :';;. t �:;�.r:;^
<br /> - this Security Instrument and shall cantinue to occupy the Property as Borrower's p_^_z�al residence for at least one}•ear after ,. , � �
<br /> ,::'t���'���'-=-
<br /> the date of occupancy.unless l.ender otherwise agrees in writing, whith consent sha?��t be unreasonably withheld.or wiless ,._,Tf „ �_ _
<br /> extenuating circumstai►ces exist which are bey�nd Borrower's control. Bormwer sha11 not d�uoy. damage or impair the :;,;�,�. ,_;
<br /> : Property, allow the Pcoperty to deteriorate. or commit waste on the Property. Borrower shall be in default if any forfeiture ��:,.. .,,� •
<br /> as��n or proceeding. whether civil or criminal.is begun thac in i.ender's good faith;a��ment could result in forfeidue of t�� ,�., ., �� :�.�, �
<br /> = C-r•�:rty or otherwise materiaii;��.�air the lien created by this Security Insuument cr.�der's serurity interest.Bamwer may �,�'ir��,;. ..: .
<br /> �! �r e s u c h a default and reinst:�:.r�provided in paragraph 18,by causing the actior.��:;,^:'�ceeding to be dismissed v-::c�a ntiing ti��.;'1 '�'"•���„ •,- "�
<br /> � that, in Lender's gaod faith d��rmination, precludes forfeiture of the Sorrower's i:ne r e s t i n t h e P r o p e rt y o r o��r r_�a:e a'� ��1���I � ��, �
<br /> i '. impairment of d�e lien created by this Secvriry Inswment or Lender'� s�.::.:iry interest. Barrower shall also be in defaWt i° -
<br /> ' . Borrower,during the loan appl'station process,gave materially false or inarcurate infomtation or statements to Len�r:(or failed �.s�i� ;"'�w�
<br /> � � the Note,includin tx�rmt limited - •{•-:+: '
<br /> ] to provide Lender with any material information) in connection with the loan evidenced by S•�� ' ,
<br /> � to,representations conceming Borrower's occupancy o:the Property as a principal residence. �f this Security Instz�rnent is on a ��?:-, � �••,i�:,
<br /> leasehold, Borraw.�' shall compiy with all the provisions of the lease. if Borrower acquires fee title to the Property. the Y`: '. .�`; �
<br /> .�.E�.
<br /> _�.• leasehotd and th�fi:=title sha11 not merge un"e�s Lender agreES to the merger in writing. ,�� ��� ��� .•
<br /> - 7.P�roterxion of Lende�'s Rights in the Propert3+•If Bonower fails to perform the covenants and agrcements wntained in � °•�r� +�:,�,�_
<br /> this Security Insuucnent,or d�rrzzs is a legal proceeding that may significantly affeet Lender s righu in the Properry(such as a � .*µy Y , �;�
<br /> y
<br /> p r o c e e din g in ban�c ru pt c y.pr.r�Ja�e.for wndemnation or fc•rf�<mre or to�nforce la�.�.c�^regalaaons).then Lender may do and 3s�.,,'.,• : . T..�;�,•.:._,..-_.
<br /> ,r,f, ,
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<br /> •� pay for whatever i�r�n_r:o protect the value o f t he l�n:r�rtY a.2 d L e n d e r's r��i s i n t h e P r o p e rt y. L e n d e r'3 r c d o n s m a y _�'��L�: .. �.,_;�,,� _
<br /> include paying an1 su m s s�red b y a lien which has p:i::::�} cE�- uT'-s Se�:='�9 jnsm'men" appe�n� � "'�• Paying
<br /> ��°±��'_--'-'� .
<br /> re.`onable attomeys'fees azu3 enterin�on the Property to:�.ce re;.�:rs.�.x''-`goug..h H.ender may take acdon urn.ir�t�s paragrapEi �______ _
<br /> 7.L�nder does not have to d�so. --•���"�
<br /> Any amounts disbursed by Lender under this paraa�caph 7 shafl become zdAi:tunal debt of Borrower�cured by tinis �.,,4 — .
<br /> Security Inswment. Unless Borrower and L.ender agree to other tcrms oF payment,t^ese amounts shall bear interest from th� -- ' . .
<br /> date of disbursement at the Note rate and shall be payable, with interest, upon notice fcom Lend.,°r to Borrower requesting _ .,.. ; ,�, •�$,. _
<br /> payment. ,�''�'�M,�ti
<br /> • S,Mo�4gage in�rn„� If Lender required mortgage insurance as a condirieQ of ntalcing tS�e loan secured by this Security
<br /> Instrument, Borrower shall �Ssp the premiums required to maintain tiie mortgaae �mu:ance in effect. 1f, for any reason,the ��_
<br /> -�;A mortgage insurance coverage required by Lender lapses or ceases to be in effect. Borrower shall pag the premiums required to ����A;
<br />`''�'� obtain coverage substantially equivalem to the mortgage insurance previously in effect. at a wst�stantialty equivalent to tfte � ° �.�.�..
<br /> cost to Borrower of the mortgage insutance previously in effect, from en alternate mortgage insvrer approved by Lender. If
<br /> :.�i+�h'I+�w�"
<br /> substantially equivalent mort�;e insurance wverage is not available.Borrower shall pay to Lender each month a sum equal to
<br /> oa�twelfih of the yearly inongage insurance premiam being paid by Borrower when the insurance wverage tap�ed or oea5ed to •,�. :�_
<br /> be in e f f e c t.Y.ender will acce pt, use and retain thcse payments as a loss reserve in lieu of mortgage inserance• Loss reserve �_ __rn,�v�..__
<br /> .'' Form3028 9190 �_�-�.._.,..�,_:_
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