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<br /> 5. llnzard ar Property Incurnncc. Bumti«cr ,i�all keep thr impru��cnzem� nu« cxi�ung�l'rrcaticr cnctcd on [hc . , ` .� f`� `�_��
<br /> � �� Pruprrty in�urwl again.t lu,+ by fire. h;u:udti includcJ withtn the tcrm "exte�ulcJ �+�vcra�e"snd any uther h:u;�rd�. in.luding � ;� : �'�
<br />' � 1]und,��r iloading,fur�vhich l.cnder reywre�in.uranre. i'hi, u�,uean�e;{�;s!!tx� r.•ae:::�::�!:^:h.:•s:iawnt.asx!fiu the�estesi, - -- - . -- ,-
<br /> �.1 th�t I.ender reyuire+. �['he inyurance rarrter pnrviding thc iu,ur�nrr,h:►11 he chu.en hy Burru«cr�uhjert tu Lendcr',apprav�il --
<br /> ' �tht�h .hall not be unrc;uuu3bly �tiithheld. If Borru�ver fail+ [o rnaintam cuvera�c d�ycnb��i at�u�c. l.�nder may, at LendCr's • °-
<br /> � uplinn,ubWin rover.�gc[u prute��t Lrnder'�rightti in the Propeny in acrunl:ni�e u ith paz�graph 7. -.:�:;_'�_.�__ �•--�
<br /> �.e All in�urance policie+and renewafs shall be a�ti�ptable w Lender and shull inrlude a.tan�iard m�mgage clause. Lertder � �,
<br /> = ,hall have thc right tu hold the policies and renew:ils.If Lxnder reyu►res.Borrower sh:ill promptty give to Lender all receipis of _ __ � �_ ---
<br /> ,,� paid premiums and renewal nat�ce�. !n the event of lo��. Borrower shall give prompt notice[o the insurance wrrier and Lender. • .
<br /> ' L.ender may make proof of loss if not made promptly by Borrower. � ` �
<br />'. � Unless C.ender and Horrow�r otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the • . , :.. • `_��
<br /> . Pro e dama ed,if the restoratian or re r is economicall feasible and Lender's securit is not lessened.If the restoration or �-. __ _`�,_-`:�����
<br /> .:,_� P rt3' g P� Y y -=:.-.�.'.:.,::.;`�,i;���� - -
<br /> repair is not economically feasible or Lender's security would be lessened, the insurance proceeds sflall be applied to the sums ' � _
<br /> ` secured by this Security Instrument, whether or not then due,with any excess paid to Borrower. If Borrower abandons the "` �A `
<br /> ' s Property,or does not answer within 30 days a notice f�om l.ender that the insurance carrier has uffered to seitle a claim, then .„'"_-'__� =------
<br /> f Lender may collect the insurance proceeds. Lender may use the procYeds to repair or restore the Property or to pay sums '� � • �V' ��
<br /> � '�� secured by this Securiry Instrument.whether or no*_then due.The 30-day period will begin when the notice is given. ';:�:''' ,;:ps`� .'� ,�:,,;;;v`
<br /> Unless Lender and Borrawer otherwise agree in writing, any application of proceeds to principal shall not extend or ,`�Y�'
<br /> postpone the due date of the monthly payments referred ro in paragraphs i and 2 or change the amount of the payments. If • ' '' � � '' •'-`�.
<br /> ..�j:YS- - ,�c�',;•+.;.-:-
<br />• under paragraph 21 the Property is acguired by Lender, Borrower's right t��any insurance policies and proce�eds resutting from ^.y: _� _;'
<br /> e:.��e Pro c�. rior to the ac wsrtion shall ass to Len3er w the etitent of the sums secured b this 5ecuri Iastreament `�'"�-_-- • .
<br /> �g Pe =_'P 9 P � Y tY
<br /> immediatety prior c:��s acquisition. � �•��im
<br /> � -�f���_
<br /> ., 6.Oceupaucy,Tr'resrssaHon,:Naintenance aird Protectian of the Property;Borrower's Loau App,lEc�4iQn;L�ssx�lds. . -.-- --- : y
<br /> �. ' Borrower shall occu�}. ��h!ish.an�ue the Prop��y as Borrower's principal residence within sixty days a;Rer the execu�on of ^��` °�'� - ](.��}
<br />.�_ ,''; ,. �ii' !/�, br jl 'i,yl�,,.`
<br /> this Security Inswment and sh:::coat:n�ie to occupy the Properry as Borrower's principal residence for at least one year after ,�, �f,,.. ��'"-"'•
<br /> F.::�,�; . ..
<br /> , the date of occupancy, unless Len�er otherwise agrees in writ5n¢. which consent shall not be unreasonably withheld.or unless � �
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<br /> �•�!' extenuating circumstances exist which are beyond Bocrower's convol. Borrower shall not destroy, damage or impair the •� ;,�;,.;,t%��.y•;t .�_,
<br /> r Pro rt allow the Fr to deteriorate, or commit waste on the Pro e Borrower shall be in default if an forfeiture ��'.'�.'�'' ',� -",S�"" °�`�'-
<br /> Pe Y• o�en3' P rtY• Y c.; . �—
<br /> �� action c.r�reree�'in.. u;�ether civil or criminal, is begun that in Lender's goai faith judgment could result in forfeide;e Qf the .:, � �(�f �� �r,j _
<br /> Pra�y or othe�tiv�materially�:npair the lien created by this S;curity Instrumenc or Lertder s security interest.Borco��er aay l�;�5:��,ek�.�� • s •> Y
<br /> cure s�rh a det�u?:and reinstate.��:ovided in paragraph t8, by eausing the action or proceecting to be dismissed w�:z.�z3fag ��•,f.�;`�"��f���-�� ��.f�• �-:��1�
<br /> :::,L,. ,sw . ;:.,,:;.;,�..,. ,�,.
<br /> � that, in L.ender's gaad faith determination, precIudes forfeiture of the Barrower's interest in the Property or other rr�terial � , .��r,�,� Ti,'� --
<br /> 1 impairment of the lien created by this Security Instnrment or Lender's security interest: Bonower shall also be in default if �-,• ' ��;�;$�. y,;�t�,��,r; _
<br /> � Borrower,during the loan application process,gave materially false or inaccurate information or statements to Lender(or failed ;„��': '•��� �,`;� __
<br /> to provide[.ender with any matedal information) in connection with the loan evidenced by the Note.including,but not limited ":' •'`� " '==°
<br /> ;..� � ;; . :�
<br /> ' to,representaaons conceming Borrower's occupancy of the Property as a principal residence.If this Security Insuument is on a ' ,���,__
<br /> � leasehold. Borrower sha11 comply with all the provisions of the lease. If Borrower acquires fee title to the Properry, the �
<br /> � leasehold and the fee title shall not mer e unless Lender a rees to the mer er in writin . "P `� `"� �!T�'
<br /> B g S � •,�•. �:�:;�:s;:.-
<br /> • � 7.Protectton of Lender's Rights ln the Property.If Horrower fails to perform the covenants aiid agreements contained in • ••
<br /> Y this Security Instrument,or there is a le�al proceeding that may significantly affect Lender's righu in the Property (such as a �,��7.,.,��
<br /> • proceeding in bankruptcy,probate, for condemnation or forf'eiture or to enforce laws ar regulauons).then L.ender may do and ��• °•�°°°
<br /> . ..y,.::.:::_.,,:
<br /> . pay for whatever is Recessary to protect the valus of the Propecty artd Lender's rights in the Property. Lerider's actions may , „_, , ��'
<br /> include paying any sums secured by a lien which has prioriry over this Security Ins3rument, appearing in court, paying -:-:,�.---:_:,-:'���=. .:;�:
<br /> reasonable attomeys' fees and entering on the Property to make repairs.Although I.ender may take action nnder this paragraph -����� --,�„�:.,
<br /> ' 7,Lender does not have to do so. --- ��
<br /> � Any amounts dis�nrs�.i �� dr�.�er under this paragraph 7 shall become additional debt of Bonower secured by this ��```'`�=--•
<br /> �'��?�.'�ti.:�.'-
<br /> S e c u ri ry I n s t r u m e n t. U n:�s B o r r o w e r a n d L e n d e r a g r e e t o o t h e r t e r m s o f p a y m e n t,t h e s e a m o u n t s sh a ll b e a r inter e st from the �,'c.i� --'�--- - •�
<br /> �, date of disbursement as the Note rate and shall be payable, with interest, upon notice from Lender to �oirower requesting ! - ti-°._ -_-_
<br /> payment. �`.,;�s,�_:�;:
<br /> . 8.Mortga�e Insurance.!f Lender required mortgage insurance as a condition of making the loan secured by t:as��.vrity �,��;;�.;:�:;..�
<br /> Instroment. Borrower shall pay the premiums required to maintain the mortgage insurance in effect. If, far any rea,{on, the �'"' ' ""�-
<br /> mortgage insurance coverage required by Lender lapses or ceas�to be in effect.Borrower shall pay the premiums re�a�red to � �'"'i��"��:
<br /> obtain coverage substantially equivalent to tfie mortgage insurance previously in effect,at a cost suBstandally equiva�yt to the • � -
<br /> cost to Borrower of the mortgage insurance previously in efEect, from an altemate mortgage insurer approved by L,ender. If �•�:, �r• ;:�;�;_��"_(~
<br /> • substantiully eqnivalent mortgage insurance coverage is r,ot a�ailable,Borrower shall pay Yo i.ender each month a sa.�n equal to : '°�,;�i,�'. '�. •
<br /> one-hvelfth of the yearly mortgage insurance premium being�aid by Borrower when the insurance coverage lapsed or oeased to ' �,.. `
<br /> be in effect. l.ender will accept,use and retain these payments as a loss reserve in lieu of mortgage irs�rance. Loss reserve �:.,..--..-.--.,.,
<br /> Form 3028 9190 .r="
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