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<br /> t 98— i�j���3s s�d
<br /> �i ' S.HAZArd or Property Insurance. Borrow�r shall kccp thc improvcmcnts now cxisting on c�reaftcr crected on thc Property �
<br /> I insured against lass by fuc, hazards Included wfthln thc tcRn "cxtcndcd coveragc" and any athcr hfu.ards, including floods or
<br /> flooding,for which Lendcr rcquires insurancc.'Itris insurancc shall bc maintaincd in thc amoun4s and for thc periods that L.cndcr
<br /> requ�res.The insurancc carricr providing thc insurancc shall bc choscn by Borrowcr sub,jcct to Lcndcr's approval which shall not
<br /> be unreasonably withheld. I[ Bonower falls to malntain coverage described above, Lender may, at I.ender's aption, obtain
<br /> coverage w protect Lender's rights in the Property in accordance with paragraph 7. '
<br /> � AU insurance policics and renewals shaU bc acceptablc to Lcnder and shaU include a standard mortgagc cleuse.Lender shall
<br /> have the dght w hold the poIIcies and renewals.If Lender reyu'ucs,Borrower shall prompily give to L.ender all receipts of paid
<br /> premiums and renewal nodces.In the event of loss,Bonower shall�ive prompt noGce to the insurance carrier and Lender.L.ender I ;�
<br /> may meke proof of loss if not mude prompdy by Borrower. ,� ,5,�,�',
<br /> Unless I.ender and Borrower otherwise egree in wridng, insurance procceds shaU be applied to restoradon or repair of the . _'�^"�-�
<br /> Property damaged. if the reswration or repair is economically fca�ible and Lender's security is nat kssened. If the restoration or _"_____
<br /> repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums , , ,;�..�
<br /> secnred by this Security Instrament, whether or not then due, with any excess pffid to Borrower. If Borrower abandons the "C_�� '
<br /> Property,or docs not answer within 30 days a notice from Lender that the insurance carrier has offered to seWe a claim,then � —
<br /> Lender may collect the insurance proceeds.I.ender muy use the proceeds W repair or restore the Property or to pay sums secured t
<br /> • by this Security Inst�ument,whether or not then due.The 30•day period will begin when the notice is given.
<br /> Unless Lender and Borrawer otherwise agree in writing,any application of proceeds to principal shalJ not extend or postpone �
<br /> the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments.If under paragraph
<br /> � 21 the Pro is 8 Y Po P 8 B
<br /> .� perty' acquired by Lender, Borrower's ri ht to an insurance licies and rexeeds resultin fran dama e to the
<br /> ' . Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security Instrument immediately
<br /> prior to thc ecquisition. ., _
<br /> �: 6.Occupancy,Pr�servation,Maintenance and Protection of the Property; Borrower's Loan Appl�cation;Leaseholds. , `�
<br /> ' Bonower shall occupy,establish,and use the Property as Borrower's principal residence within sixry ciuys after the execution of ���=.
<br /> this Security Insuument and shall continue to occupy the Property+as Boaower's principal residence for at least une ycar after the ': ���
<br /> '� date of occupancy, unless L.ender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless :�,;�;_��i-
<br /> �,�•�-_
<br />- _" �xfP.�i�atin�cimiimgtan�.�a�xict whirh ar�F►e�y�il�Bptf41Y�1'�S L'4Atf4Z.BOTfr°:CT S��AO[�C32i4�.dem�oC Oi imp8ir th�PtQp¢t!y. - '
<br /> allow the Praperty to deteriorate, or commit waste on the Propeny. Bonower shall be in default if any forfeiwre acdon or .�,.._•'�`�
<br /> , proceeding,whether civil or criminal,is begun that in Lender's good faith judgment could result In forfelture of the Property or `���;.�,
<br /> otherwfse materially impalr the Gen created by this Sccurity Instrument or Lender's security interesG Bormwcr may cure such a ,. --
<br /> defeult end relnstate,as provided in paragraph 18. by causing the ecdon or procceding to be dismissed with a ruling that, In r;�-.
<br /> Lcnder's good faith detcrmination,precludcs forfciturc of the Borrower's intcrest in the Property or othcr matcrial Impairment of k.�
<br /> the Uen crcated by this Security Instrument or L.cndcr's security interesG Boaowcr shaU also be in default if Borrowcr,during the "�F`
<br /> loan appllcadon process.gave materielly false or inaccurate informauon or stau:ments to Lcnder(or failed to providc Lcnder with
<br /> � any materlal jnformation) in connection with the loan evidenced by the Note, including, but not limited w, representations �
<br /> � conceming Borrower's occupancy of the Property as a principal residence.If this Security Instrument is on a leatehold,Borrower - �:��^
<br /> shall comply with all the pmvisfons of the lease.If Borrowcr acquires fee tidc to the Property,the leasehold and the fec ddc shall �
<br /> not merge unless L.ender agrees to the merger in wrlting. �.
<br /> 7.Protection of Lender's Rfghts in the Property. If Borrowcr fails to perform the covcnants and agmcments contained in �'` •� _,
<br /> � this Securlty Instrument,or there is a legal procceding that mny signlf'icantly affect Lender's rights in thc Property (such as a �' as�
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<br /> proceeding in bankruptcy,probate,for condemnaqon or forfciturc or to cnforcc laws or regulauons),then Lcnder may do und pay �`{��„�.,.�.
<br /> �� for whatevcr is neces to rotect thc value of the Pro ' B perty• Y � `.Y:=
<br /> sary p perty and Lender s ri hts in the Pro Lender's acaons ma u►clude S,,F�,� y
<br /> � paying any surns secured by a lien which has priority over this Security Instrument, appearing in court,paying m,asonable ,.-*;��,,,.-
<br /> attomcys' fees�nd entering on the Property to makc repairs. Although Lender may take action undcr this parasraph 7,Lender �"`�,�,�_.�-'"'
<br /> docs not havc to do so. '=4`°°'�'"�`"�`
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<br /> � My amounts disbursed by Lender under this paragraph 7 shull become addidonal debt of Borrower�ecured by this Security __��`�;;+:-;:�I�fi�±:;
<br /> Insm�mcnt Unless Borrowcr and Lendcr agroe to othcr terms of payment, thcsc amounts shall bear interest from the date of ' �''''T� ""•
<br /> � disbursement at Ihe Notc ratc and shall be payable,with interest,upon noacc from Lcndcr to Boaower requesting paymenG , ''�`'�'
<br /> � 8.Mortgage Insurance. If I.ender mquired mortgage�nsurance as a condidon of making thc bnn securcd by this Sccurity •
<br /> ' Inswment, Bortower shall pay the premiums required lo maintain thc m�rtgage insurancc in cffcc� If, fa any reason,the
<br /> � mortgage insurance coverage required by Lender lapses ar r,��� �in effect,Borrower shall pay the prcmiums rcquired to
<br /> � obtain coverage substantially equivalent to the mongage insurance previously in effect,at a cost substantially equivalent to the
<br /> ' cost to Bormwcr of the mortgagc insurencc previously in cffect, from an nitcrnatc mongagc insurer approvcd by L.cndcr. If
<br /> � substantially equivalent mortgagc insurancc covcrage is not availablc, Borrowcr shall pay to Lendcr cach month a sum cqual to
<br /> one-twelfth of the yearly mortgage insurance premium bcing paid by Borrower when the insurance coveragc lapsed or ceased to
<br /> bc in cffcc4 L.cndcr will accept, usc and relain thesc payments at a loss rescrvc in lieu of mortgagc insumnce. L.oss rescrve �
<br /> Form 3028 9i8b
<br /> � �O-eR(NE)ces+tl.o� Pepe3o18 inma�c � .
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