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<br /> _— . . . . . . _. , . _.� _ _. . � � • ' �. .-
<br />� � g7e i����� �`� � ...� � .: i:
<br /> the im rovemenu now exisLinB or he,reafter erected on th��dp�7+ I r � . �
<br /> Ll
<br /> 5.Haz�rd or Prapertq Insurance. Borrower sLalt keep P o@:er harards. incltcding � . : �.:-;--.
<br /> insuned aBainsc loss by fue. hazards included within the term "extended coverage" and any . `. �:
<br /> fl a o d i ng,for which Lender requires insurance.This insutance shall be maintaic►ed in tfie amounts and for the periads thac Lender ` .` - _
<br /> r uues.'Ilie insucance carrier pT°'n�►g t h e i n s u��s��chosen by Borrower sub ject to Lender's approval which shall nat -
<br /> e9 . ,.
<br /> 9
<br /> be unreasonably aithh:.ld. I f Borrow e r f a i L s t o m a u►t a i n c overa ge descn�bed ahove. L.ender may, at L e n d e r's o p t i o n. o b t a i n ' _ _
<br /> coverage w protect L.ender's rig h t s in t h e P r o p e rt Y i n a c c ordance with para�aPh 7. - _ - --L--. - ',
<br /> hcies and renewals shall be acceptable to Lender and s4�atl inciude a standard mongage c l au s e.�ts of s ha� '` �`
<br />� All insuiance po� rom tl ive to I.eader all receiP P � , ' -
<br /> have the right to hold the policies an d renew a l s.I f L e n d e r r e q u i r e s,Be roWe t noticep t�the yingurance carrcer an d I.e n d e r.L e n d r r '; . . _ �
<br /> premiums an d renewal natices.I°the event of loss,Bonower shall�v P mP ' '` ;'�..�
<br /> may make proof of loss if not made pmmptty bY Borroaer. hed to restoration or repair of the - •�.�: `--
<br /> in wrifsng,insurance proceeds shall be app - -�� ::;-
<br /> Unless L,ender and Borrower otherwise ag�ee feasible�d L.ender's sec�uity is not lessened.If the�estn�aiion or : •<, .:�.;';-;�^�`
<br /> p�p�,y da�naged,if the restnrafion or repair is�:onomically roceeds shall be applied t�t�e sums ` f•�. __
<br />' repair is not economically feas�'ble or L.ender's securiry would be lessened,die ins+uance p =� ,'--
<br /> sea:ured by this Security Iffisuu�ent, whether or not then due, avith 2ny
<br /> eacess pa.3 tn Borrower.ff Boiron��andons the �a.:,;
<br /> cairier has c�'e�+ed to sr�a c3oim.t�en �"`-"";
<br /> property,or�2s not answez witLin 30 days a notice from Lender that the insuian:.e or to pati s.:�s sx-,�c�d _ ~ �__..•: .• �
<br /> , to air or restore the Pre'oceit5' ..-��
<br /> 'h'� Lender maY c�3�xct the insurance proceeds.LeAder may use the p�� � when the nosice�s�en. - ' `�- _`
<br />��>�� by this S�s+'�Instcumeot,whether or not then dae.'Ihe 30-day Period w�l begin � ��not e���r posipone ,.��'.�`�`µ�`' —
<br /> ee in wriung,anY aFP�on of proceeds P��►P ents.�un�}r pasagzapb .; .
<br />'r`:�? � and Borrow�otheswise agr ;�:•�
<br /> Unless Len:.ea hs 1 and 2 or d�anSe the amount of the PaY� ap ;s,r-.;; ..:'';`;`;�i
<br /> t:: the due date oa��monthlY Papments refe�ed to m paragraP �cies and praceeds resulting fra��e to thz �, -
<br /> t
<br /> Lender,�^•-��-rower's right to any ins�attce Po "• � ���' '��� -.
<br /> "�� 21 the Prog�g is actluired by Insaument i.mmedistz�; ' _
<br /> �;:��, .
<br /> ��,- uL r,�the ac.cluisition shall�ass to Lender to the extent of the sums secvred bY ilus Secunty . . 1ory���-
<br /> ProPertY PTi ' -•-1i-'-.->�-i;�',� 3' .:
<br /> .°% prior to the a:..;asition. Borrower's Loan App�catton;Leaseholds. "z-� ; .•
<br /> • 6.Occapancy,Prese�don,Maintenance and Protection of the Property, s after the execution of ;_ -.�'`�•'-"
<br /> Lsh,and use the PropertY as Borrower's princiPal residence within sixtY d�Y � �
<br /> : Borrower st�all occuAY.�� .`,.` , r �.
<br /> this SecuritY Ins�eat and shall conanue to occuPY the Property as Basrower's principal residence for at least one year aft�Ehe _:
<br /> withheld, or unless �':�::.j.. �..`'�.•
<br /> i:::
<br /> datE of oceL^�..ancy,unless L.ender othetwise agrees in wriring, whi;.b consent shall not be nnreasonabty � l
<br /><;',,�; ext�nuaUng ciz+c�msta�►ces exise which are beyond Bonowea's control.�3orcower shall not destroy.damaSe or impair the ProperlY • zY . � :� ". �1•:•:
<br /> Borrower shall be in default if any fo�feiture aaion or .,;•. �''Y. ��; :
<br />• allow the ProPertY �d�ioiate,or commit waste oa the Property. �,: , ,
<br /> � �ing,whether ei�il�crnninal,is be8un that i*�3.e�3er's good faith judgment conld res�ilt in forfeitiue¢�f the Property or . .� . .
<br /> `� . un a�the lien created by this S„�aity Insbnvment or I.ender's sec�uity interest.Boa�ewrr may cure such a
<br />:,.;t::%'' otherwise materiallY� F h 18,by cauusimmS the acuon or proceeding w be�i.�aith a mling diai,u► .�.., �: `
<br /> default and reinstate.as provided in paiagraP cn other mate�rial in►Pairment of ' <.a .�._:,
<br /> I,ender's good faith detennination,Pm,cludes forfein..*�of the Borrower's interest in the PropatY .�'� _t .
<br /> • ' Instrument or Lend�'s security interest,Bomnwer shall also be in aefault if Bosode Leader adth _ '+�' :��
<br /> t h e l i e n c r e a t e d b y t h i s S e�m�y false or is�accurate i n fonnaaon or s t a t e m e n t s w L e n d e r(o s f a i t e d t�p r o ;j -,�.
<br /> - . loan aPPlic�ti°n P��gave materiallY ' -_
<br /> `,,� mfom�arion) in connection with the loan evidenced by the Note. iacluding,�but enl'����d,Boraow • _.;:,.�;'�1,"� �
<br /> any mateaiai ' m ari , .,�
<br />__ _ concernins no,:�wcx's ce,cui�2n!'Y of the Property as a principal residence.ff td�is Security
<br /> • shall comply with all the provisions of the lease.If Borrower accluires fee ride to tnG F�o�rty,the I�QId�nA the fee dtle shall �_,�<r:••._.t_�1. '�:?�,.
<br /> ��. .;.
<br /> � not merge unless Lercde�a,sees w the merSea m writing. o�n the covenant�and agreements cantai�ned� ; •;�
<br /> . 7.ProtectInn oY Lea�r's Rig6ts m the PropertF. If Borrower fails� af'a�Lender's rights in the PropertY(such as a • , � `_
<br /> ,, �.. this Seanrity Instrument, or there is a legal Proc�d:-��thai may sigaifican Y --_��_-
<br />�'.`'''' proceeding fl�bank�vptcY,Probate.for condemnation oT forfeiture or w enforcc laws or regulatic=S).�d�L�n���y�cl de �-' °�_ ---
<br />;:r.;a.' and I.QUder's rights in the PmF�.a3- - -_
<br /> i°;, -• for wfiatev�is�.saz)+�P�o t e r t t h e v a l u e of the Pro p e rt y Iasuument, aPPe�g in co u r t, Pa Y i n B r e a s o n a b l e °�
<br /> h 7,Lender "�
<br /> �� ` Pey�ng aay s�ns seci.W� by a lien which has priority over� U� I.endea may take acdon ,::.der this PatagraP -
<br /> auomeys' Cezs and ea:.�r.r:g on the Froperty w makc repairs. St► �-=-=_
<br /> � does no�h:,�;.e tn do so• h 7 shall become additional debt of Eflrrower secured bY this Seauity ., ;t-:�.
<br /> Any a�.'"tomts disbursed by Lender undea tt►is paragrap --_
<br /> lnsuument Untess Borrower and Lsnder a�ee to other terms of payment,these amounts s��3 bear interest from the ctle of —�,�_ �
<br /> ' disbu�sement at the Notr rate and shall be payable,with intedest,upon notice from Lender to F��r�a requesting paYme�t -
<br /> • e Ins^�v�ce. If I.ender required�r�rtga8e insnraace as a wad:�,n of mal�r.g li`�e loan sec�ucd bY this Se�auity � :.�;�
<br /> • 8.Mortgag insurance ia effect If, f�r any reason,the , .., :-;.°.. .�' -
<br />, Insuumezi� Boaower shall PaY the Premiums re�,sed w maintain the mostg��- ums required tn
<br /> e =,�-���,�-"":
<br /> . mortga;a ir,�nrance coverage required'�y Lender lxpses or ccases w be in effecb Borrower sG�aJ pay the P� uival�t ta ihe _
<br /> � obtain caY�a;e substandally equiva".era to the mortgage insurance previously in effect,at a cost substan6a11y ec1 � � "�
<br />' cost to S�zr�wer of�hs mortgage insu.°ance v^r�ovsly in effe�t,from an altemate mortgage insurer aPProved by I.��;.. If ��!-� -
<br /> , substantiallY e9uiv�:e��inortgage insurance cov�age is not available,Borrower shall pay w Lender eacf►�"s'sh a sum eq�a►t° . f,. ---
<br /> � • on�twe;:«h of the ye�'_y mortgege insuran c e p r e r r�.��b e i n g p a id b y Borrower when the insurance cover��apsed or ceased tn -` .
<br /> be in ei�'e.,^^��..Lender will accePi, c�°2nd rGain these payments as a loss reserve in lieu of mortgage irs�'znce. Loss reseive . • �Y_,. .;._.__.,_ ..�
<br /> "::tt�r� .
<br /> � Form BGTc"'�9l90 :� :i°";,.f._:�
<br /> - . Initlals: .. ' • �
<br /> - -� Pago 3 01 g . -—._..
<br /> ' �•QFi(NE718212)C+ �
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