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<br /> , . � • or Pm Borrower shaU keeP the imProvemenis nua► exiswaS or hezrafter e�xed°n the �� N, . .. .
<br /> S. Ha�ard P�9 �ce' tuding �
<br /> --- --- p�p�tyr insured against loss bY fire,hazacds included wuhin the term'exte�ded caverage and any other�ds, ., r'- � - -
<br /> msaraucx.This insvraace st�alt be mainrained in the amouass and for tbe pedads .:
<br /> � � floods or 800ding. for whic3�I.euder re�N�s� ` � -
<br /> �g�insucance shall be c�osea by Botrower snbject to L�der's ePpraval� ?.
<br /> . . that Lender�equires.The insuranc�e camer provi �ov described above, Lender maY•at Lender's ., t, ,
<br /> < • � .` w�shall not be unreasonably aritbbeid. If Borcower�to� ��F��b 7. � , -
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<br /> �'j aption,obtain ooverage ta pmtect I.eadec s nglsts P�Y . .
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<br /> . : �:�M,•��policies zad reuewals shall be acor�table to LRnder and sball include a standazd moagage clause.
<br /> = e to Iender all reoeiPts o
<br /> shall have the right to hold the policies a n d te a e w a l s. I f l.e a d e r�.Borrower shall pmmptlY gi�+ , �-.
<br /> gt�
<br /> •, ; . paid piemiums and zenewal notices. ln the eveni of lo�s,Borrower sLall give Pmmpt nodce to the in��*�"—ce carrFer and Lender� �: � �
<br /> : ea �9
<br /> _ ���y�e Pmof of loss if not made prompd9 bY Bon°wer. of th�
<br /> " '"��' ' Unless Ixnder and BoTrower otherwise agree in vmting,insurance Procseds sl�all be applied to restoratioa or tepair -_ --- .-_ .
<br /> -- -- --:�� feasitle ans!Lender's security is not lessened.If the restoratioa oii� -__---- _
<br /> ProPeriY damag e d•i f t h e r e s t o r a uon or r e pair is ecoaomicallY moeeds s h a 1 1 be apg l i e d t o t h e s u m s .� �
<br /> - repair is not economically feasible or Lendec's ser�uity would be lessened,the insnrance Boirower. If Boaower abandons the . .
<br /> . s��� S�ty Insuument, whether or not then due,with anY e�P .
<br /> . �P�Y,or does not answec within 30 days a aodce from LRnder that the insuianse�has offered w seul i ��
<br /> � Lender may collect the Inswance Proceeds. Lend� �Y use the pmceeds w t�air or restoie die PraPertY ; .
<br /> this Securit3+Insuument,ahether or aot then due.TGe 30-day period will begin wl�n the natice is gieen- ._�':., .:, •'.,`:
<br /> �.'S. secured by licatioa of ceeds w PrinciPal sball noi estead or . ,.
<br /> � ` Untess I.ender and Bomower otheccsnse agme in writing, anY aPP �° .,'.,`
<br /> � po s t pone the due date of the monthlY Faymeats refened w ia paraBraPhs i aad 2 or chaage the amount of the paymeats•If :y:.:;�,.
<br /> aymen � '
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<br /> b L,ender.B o r r o w e r's r i g h t t o a n y i n s.�t a n c e Policies and pm�eeds�esuluag from . �'.
<br /> �der paragraPh 21 the P�percy is acquired Y -. :: �--
<br /> � .. � damage to the PropertY Prior to the a�quisition shall pass to I.ender to the exteat of the soms sesored by dris Secaurt}►1ns�t -�°',
<br /> ` -. . �tY Prior w the acquisition. Borruwe�s Loan Apptic�tton;�Ida = _ _
<br /> ,. 6.Ooc�P��Y+Preseevatton,Nlaiateaance and Protec�ton of the Pcopert9; s after the execution of . �:---�-
<br /> � �•`: esorrower shall occupY,establish,and use tfle PropertY as Borcower's principal resideace within sixty daY `'.:,��:.':�
<br /> u as Borrower's al residense for at leasE on$ye,ar a8es :�,.,��--
<br /> . this SeWrItY Insuume�t and shall conunue to aca►py the PropertY F� `�, .'� � -___-
<br /> . . . .'j`: un�ess Lender otherwise ag�s m wn�g�arhich consent sball not be unreasonabIy vuithhetd,or unless . _ ,�-�—�
<br /> . _ _ the date of occaP�cY, -- . . �-,-;
<br /> � e x t e n u a t i n g c i r c a m s t a n c e s exist wluch aze beyand Borrower's conuol. Borno B o t r o w e r�s b a l l be"��ny�d e f�I tg i f az►Y f O�� ' ��J�>�-
<br /> . P r o p e rt Y. a l t o w t h e Pro p e rt Y to deteriorate. or commit waste on t he P r operty• c o u l d r e s n l t i n f o r f e l t a s e of the . ,:�.;ti'-�.--
<br /> act[oa or pmceedin8,whether civil or criminal, is begun d�at in I.eader's gao d fai t h j u d g m e n t . � ��".:'yyiF�=3
<br /> '.', air the lien cnated by this Securi$+Ins��or Lender's security inteie.4t.Borcower maY , ..:..
<br /> pmperty or otherwise materially imP w be dismissed wItb a raling ``�' :,,"'•,';�
<br /> .. _ ," °., h 18,bY causing the a�xion or pmceeding �"._�':¢.�-�- --
<br /> � cure such a default aud ceinsrate,as provided in FaragraP
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<br /> . .' that, in I.ender's good faith determination. Precludes forfeiture of the Borrnwer's interest� ahall also be in de�l� �.��:
<br /> .` Insaument or I�ender's secusitY in�• :.�.. ,
<br /> �. � impa�cment of the lien c re a t e d bY th�s Sewn t Y Iender ;, � ":_`
<br /> e materially false or inacc�u�are info:mation or statements to Ixn d e r(ar f a i l e d ���.�-_'
<br /> - mati .�i-'°--�
<br /> � Borrawer,durinS the loan application process.&m' inclnding imt not limited �`. . - '
<br /> '�'j, W provtde Lender with any material information)ia connecdon with the toaa evidenced by the Note. . ,.. 4:__�-��
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<br /> . ' to,tePiesemations co n c e m i n g B o r r o w e r's o c c u p a n c Y o f t h e Y r o p e rt 3+as a princt pal residence.If this Security Insi�ment is on a ,-,`,_;�t.:
<br /> ' � .� w i t h a l l the provisions of the lease. If Borrower acq�ires fee ti@e to t h e P t o P e rt Y, t h e °':.�.,;�,:.
<br /> ��•:,.•�. leasehatd, Borrower shall comp1Y �. :
<br /> � �,.:.., :;�;;�.,.
<br /> � leasehotd and the fee tide shall not merge unless I,ender aSrees to the merger in writing•
<br /> .' :. , 7.Pmtectlon of Lender's Iiights in the Property.If Bornawer faits w perform the covenants and ageemenis contained in . . >;'�" ;_
<br /> �- � 11.i-.
<br /> • this Secarity Instr�ment,or there is a legal pmceediag that maY significandy affect I.endei's rights in the Pmperty(such as a . _a�r,t�
<br /> � then I.ender may do and �", •
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<br /> . � ' proc�eciing in bankcuptcy,Probate,for conde�ation or forfeiture or to enforce laws or regulations). �er's actFons may � .• '�.�`-.`---.�
<br /> p a y for whatever is necessary to protect the valne of the PropertY and Lender'g�iP,hts in the Pr°Perty' - ',°t' -
<br /> appea�ing in court, PayinS ' ''`;
<br />.. , .� iaclude Paying anY sums secured by a liea w h Ic b h a s pmake rePairs.Although Lende r�m a Y�e� aaion vnder thie ParaBrapb .. . .���. .
<br /> - . reasonable attomeys'fees and entering on the Property .,�`.��'
<br /> , 7,Lender does not have to do so. g 7 shall become addlt�onal debt of Boirower secared bY ihis '• . . -�*��.��
<br /> .. Any aznounts disbu:sed by I.cnder under this paragraP nt.these amouats ahaU bear lntetest from the �.� �,��
<br /> . Setauitp lnsirument. Unless Borrower aad Lender agree to other terms of payme . ,.-r�.:-`
<br /> ; date of dis3ursement at the Note rate aud sha11 be payable, with interest, upon nottce from I.endet to Borrower requesting '
<br /> � , Payment• �. .
<br /> . S.Mortgage Insurance.If Lender cequired mortgage insurance as a condittoa of making t1�e 2oan seaued bY this S�ur�ty
<br /> � , Instniment. Bonower shall pay the premiums required to malntain the mottgage insuraacc in effe�t. If, for any teason. the .. �T;
<br /> • mortgage insurance coverage required by Lender lapses or ceases to be in effect,Borrower shall pay the presnium9�reQulred� . . ' • �. ��.
<br /> obtain coverage substantially equivalent to the mortgage insuraace previousiy in effect,at a cost�I atantiall��y��. If
<br /> � � cost to Borrower of the mongage insurance previously in effect, from an altemate mortgag
<br /> ' � substantially equivalent mongage insurance coverage is not available.Borrower shall pay to l.eader each mon�a��t° .
<br /> ' • on�twelfth of the yearly mortgage lnsurar►ce premium being patd by Borrower when the inaurance coverage 1aDsed or cease�to
<br /> � , be in effect.Lender will accept,use and retain t�ese payments as a loss reserve In lieu of mortgage insurauce• a a�90 � •�
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