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<br /> 9�-� �o���s � ` �4���
<br /> � -.:.�, =.- - .
<br /> ' S. Ha7ard or Property Insurance. Borrower shall keeQ the impro�ements nuw exi�ting or hereatter erectcxl on thc < � '
<br /> ` �� . i.. . !• .�
<br /> Propeny insured against toss by fire, hazards included wi[hin the tertn "extendeci co�•erage" :u►d any uthe�hazard�. inetuding -- _
<br /> - , tloods or flvoding, for which Lender requires inserance- Th�s insuran�re,halt be maiutaiucvi iu[he amaunt.and Eor the perisuls '
<br /> that l.ender requires. The insurance carrier providirzg ih� insurance shall be cho.en by &�rrower,ubjett to Lendcr'�apptoral _
<br /> ��. wh'tch shaU not be unreasonably witlth.ld. lf Borrower faiis to mainwin ruvera;:e described abin•e. Lender ntay. at Lender'.
<br /> opt►on,ubiain coverage to pmiect Lender's rights in the Property in accardan�-�with par.l raph 7. ; ; 4 � =� _
<br /> • All insurance policies and renewals shal! be acceptable to Lender and �hatl inrlude a+t:uidard murtgage clau�e. Lender ( • -ti..
<br /> shall have the right to hold the policies and renewals. If L.endcr requires.Horrower�hall pmmptly give w Lender aU r�ipts of -. o- �
<br /> � paid premiums and renewal notices.In the event of loss,Borrower shall gi�•e pmmpt nutire tu t he i nt u r a nc e c a r r i e r a n d L e n d e r. . f . `
<br /> r•--�'" Lender may make proof of loss if not made promptly by Borrower. � �•. -.- �.-
<br /> Unless L.ender and Borrower otherwise agree in writing. iruur�unr pmceedti sha1�be applied to restoration ot rc�air of the _ _ _ _`_y.._ .,
<br /> ^; Pmperty damaged,if the restoration or repair is economically feasibte and L.ender'��ecurity is not lessencxl. if the restoration or � .
<br /> , Ti�. •_.
<br /> repair is not economically feasible or Lender's security would be lessened. the in,urance proceeds shall be applied to the sams , __
<br />� secured by this Security Instrument, whether or not then due, a�ith any excess paid to Borrower. if Borrowec abandons the . ,;:�'�_,�.-
<br /> � �- Pro pen y, or does not answer within 30 days a notice from Lxnder that the insurance carrier has offered to settle a claim. then " - .� �y���,,�„�.,,�_
<br /> . � Lender m►y collecc the icss�.�aace proceeds. Lender may u�e the proceeds to repair ar reatore the Properry or to pay sums •.;�.�:'r,
<br /> � , secured by this Security Ir�.�..�at.�+'hetker or not then due.The 30-day period will begin when the notice is given. ---- - �_-__� _
<br /> ,,,• Unless Lender and Borrower o�her�.zse agree in writing, any application of procceds to principal shall not extead or ..q�-•-�_-,'-- ,-'=
<br /> ° postpone the due date of the monthly Fay�:nts referred to in paragraphs I and 2 or change the amount of the paymenu_ If :�.• �•:• �a.;.-,,-.-,t_
<br /> nn
<br /> ,_". under paragraph 2l the Property is acquired by Lender. Horrower's cight co an}• insurance policies and proceeds resuldng from .,f,�• -:-- ''-- __
<br /> damage to the Propeny prior to the acquisition shal!p�cc�Lender to the extent of the sums secured by this Security Instrum�nt �vf�-
<br /> �:.;, immediately prior to the acau:-�tion. __ _y�
<br /> 6.Occuparccy,�resr.r�*�on,Maintenance and Protection of the Property;Borro�er's l.o�an Appldcattan;Leasei�olds. ;: ::_•:�.--.- i_�
<br /> Borrower shai!occupy.esta�lish,and use the Property as Borrower's principal residence within sixty days after the execurion of � - '"""'._-�`q- .
<br /> this Security if^,s�ument zact�hali wntinue to occupy the Property as Borrower's principal residence for at least one year after : _. '°�''�•• �
<br /> � the date of otcupanry.u-*�?�s Lender otherwise agrces in writing. which consent sh�ll not be unreasonably withheld,or unless a;;. -y �"
<br /> . e or im air the .'n`i%>�• �,_
<br /> . °� extenuaung circumstanc�s ee�st which are beyond Eerrower's cantrol. Bonower shall not destroy. damag p � ?��,f f��,�,_',
<br /> Properiy. allow the Propert}� to deteriorG,e. or commit waste on the Property. Borrower shall be in default if any forfeiture . �.,,F.• >,#��•:.: �`.,_-.:.__
<br /> • '�� action or mceedin , whether civil or crie-�.._nal, is b n that in Lertder's oad faith'ud ent oauld result in forfeiture of the 'x;``��'c" `<��, ��,:,• : �
<br /> P g � S J S� • �f`;, <�:. .j.
<br /> r•. r., ��. -. r
<br /> Property or oti�erwise materially impai:ttte i;�n created by this Security Instrument or Lender's sac�ity interest. Borrower a�t3y --•�r���i»r,� ,.•,� • '
<br /> cure such a default and reinsiate,as protiidu�Ln para�aph 18,by causing the acaan or pmceeding eo be dismissed with a ruling ,��.;i-�+`, :
<br /> " st,:-. .,:,ff� •.N: •
<br /> � that, in l.ender's guod faitE�determination. C�c(u�+es ticrf�iture of the Bonower's interest in ths Property ou o s her materi a l �;,;:. .
<br /> impairment o€the lien cr�;.�by this Secu,-ity Instrur.�ant or Lendeis security in;erest. Borro�er shall als� �in default if =F?.,,..�;•.,:�;;_-{�',�ti�... '
<br /> � Borrower,dc;^:eg the loan applicaaon prrr�s,s.gave materially false or inaccurate information or stat�ents to Lender(or faaiad •,{, ��°�s% ' ':
<br /> to provide Ln..n::r with any material information)in connection with the loan evidenceA b the;Vote.includin ,but not limrad ,. < •`�t�
<br /> . y s :' ,�. . •.�,.: �;.�. ;
<br /> � , to,representauons conceminb Borrower's occupancy of the Properry as a principz residence. If this Security bcswment is on a '�,:`. •.� ,?� ,:s ;
<br /> leasehotd. Borrower shall comply with all the provisions of the lease. If Borcewer acquires fee tide to t�he Property, the � �� `i
<br /> ,G� ,�. '::. - R,�:::•::.
<br /> � teasehold ar.d the fee tide shali not merge unless Lender agrees to the merger in wriang.
<br /> � 7.ProtectIon of Lender's Rights ln the Property.If Borrower fa�ls to perform tfie covenants and agreements containe�+in
<br /> , this Security Inspument,or there is a Iegal proce�ding that may significandy affect Lender s righu in the Propetty (such�s a _ �.
<br /> • proceeding in banktuptcy,probate, for condemnation or forfeiture or to enforce laws or regulatians).then Lender may do and ��
<br /> ' pay for whatever is necessary to protect the value of:.�e Property and Lender's rights in the Property. Lender's actions may •� �
<br /> ��:.--
<br /> � inctude paying any sums secured by a lien which ;_�s priority over this Security Inswment. appearing in court. paying = __-�� '°��''
<br /> �•,� ' reasonable attomeys' fees and entering on the Property to make repairs.Although Lender may take uction under this paragraph ��
<br /> �. 7,l.ender dces not have to do so. �1•�� �
<br /> �..:i:u�..,_..
<br /> • My amounts disbursed by Lender under this paragraph 7 shaU become additional debt of Bonower secured by this ��=��
<br /> � Sscurity Instrument. UnI�s Borrower and L.ender agra::o other terms of paymeai.these amounts shall bear interest from the r,. .,
<br /> • date of disbursement at Hne'�ote rate and shall be�a.�sble, with interest, upon notice from Lender to Borrower requesting �����::
<br /> payment. �.__.;:.
<br /> S.AZeu¢�.;3ge Insusanee.If Len�a:�uired mortgage insurance as a condition of making the loan secured by this Securiry �-::�-.,�..-�•-
<br /> Instrument, Borrower shall pay the premiums required to maintuin the mortgage insurance in effect. If, for any reason, the
<br /> � � mo�tgage insurance wverage required by I.ender lapses or ceases to be in effect,Borrower shall pay the premiums required to �'"�"''a,. - _.
<br /> ' obtain coverage substanti�lly equivalent to the mort$�;��insurance previously in effect.at a oost substantially equivalent to the - - __ „
<br /> wst to Borrcwer of the mortgage insurance previously in effect, from an aiternate mortgage insurer approved by Lender. If T.,_
<br /> ' •';sr•:'.
<br /> • substantialfiy r�uivalent mortgage insurance coverage is not avail;J.!e.Borrower shall pay to Lender each month a sum eq�,!to �, _
<br /> one-twelfth of the yearly mortgage insurance premium being paid L� Borrower when the insurance coverage iapsed or�:,:a . • •
<br /> � � be in effect.Lender will accept.use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss resEr��e �� . , •
<br /> I��r'��::�;�'
<br /> Form 3028 or� — — --------
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