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<br /> 5. �1a�rd or Propertv Insurunce. B��rrower shall kcep the improvements now existing or hereafter erecte� on the ,-",-`�_..�.•-�-�-� .'�
<br /> Proprny insuraS againu lo�.by fire. hat:trd,included within the term "exttnded coverage" and any other fiazards, including � , , ' : �_'
<br /> fluud+ur fl�xling, fi�r which l.ender Ryuir��imurance. Thi,insarance tihall be mainwinctii in the:unuunt�and fi�r the perio�s : � . _
<br /> th:u L.ender reyuire,. Thr �a,urance c;irrier pro�idin� the in.urame�ha!! be chu�en hy Borruwer subject to I.ender's appmval • _
<br /> which ,hall nut be unrea�un3bly� aithheld. If BorruH�er fail,w m:iintrin coverage dcycribed abo�e. Ixnder may, ac Lender's . n.,�;; -...`:<., .,
<br /> t3ption.obtain euverage to protect Lend�r's rights in the Property in accarclance with paragraph 7. ___._______._____ _
<br /> All imurance p��licie�and renewab yhall be acceptable to Lender and shall include e standard moRgage clause_ L,ender ' : ' -
<br /> Lhall have the right cu hold the pulicie�and renewala. IF Lender require�.. 8orrower shall promptly give to Lender all receipis of '�� '` '� . -
<br /> paid prcmium�and renewal notices.In the event of loss,Borrower shall give prompt notict to the insurance carrier and Lender. .• . ,,,_. � _
<br /> L.ender may make proof of loss if not made prompt[y by Borrower. - '�•�"��''?`��:�--�R�=„
<br /> Unless Lend;.r and Borruwer othenvise agree in writing,insurance proceeds shall be applied to restoration or repair of the . ,. �. . ,::a
<br /> Propeny damaged.if the restoration or repair is economically feasible and Lender's security is not lessened.If the restoration or �;x.�
<br /> repair is not economically feasible ar Lender's security would be lessened,the insurance proceeds shall be applied to the sums .". �,'�`�'"��'�`
<br />� secured by this Security [nstrument, whether ar not then due, with any excess paid to Borrower. If Borrower abandons the � `,:. � :.,-:.,,,��-�:��="=:;�
<br /> Property, or does not answer within 3fl days a notice from Lender that the insurance carrier has offered to settle a claim,then ..
<br /> Lender may collect the insurance proceeds. l.ender may use the proceeds to repair or restore the Property or to pay sums -°=���� yJ-
<br /> secured by this Securiry(nstrument,whether or not then dae.The 30-day period will begin when the notice is given. ' . �����—�'r'
<br /> Unless L�nder and IIorrower otherwise e° En writin . an a lication of roceeds to rinci al shafl not extend or � .=�,.f�.,-,--_-�.-�"��-.
<br /> � � € Y PP P P P "4`���' •. I� =°
<br /> postporte the due date of the manthly �ap��ents refertt�d w in parazr�.�:'�s 1 and 2 or change t(�e�-�ount of the paymencs. If " � � �
<br /> �� .
<br /> rP ,.�`rr.•'I`'p ,,< .
<br /> under p2ragr-np�i 21 the Property is acquira�:�r,Lender,Borroner'�:a�n:;��any insurance po[��.i•w�•���?roceeds resulting fro��r. ��,�,�;,�j��' ..:, �.,.
<br /> � � �,:.....:ff ?.b
<br /> '�e.,.neage to the Properry prior to the acq¢is,�:rr.shall pass:��ender�;.tn��.:nt ef!he sums secir411^: :Tis S€�:trty Inst�;ff;���: ...�r',,.,,.::. .1 t �,:.i.z'�:
<br /> i:�::�:.�iately prior to the 2cquisition. '�, '„ •s f'', .'%';;:.
<br /> b.Occupancy,Pres�a�ion,Maintenance aad L'�ake�;:r�z ct,G t:�:����B��r.ower's Loan A��tS�MJ�ios::.�aseholds. ti�:�` �:��;��-;`; �..:��`:4;���.
<br />, �::� .
<br /> " &��rower s;�1!occupy.establish.and use*.he Property:s�.�Yes.er�F^e::�al s�;•'-�-"'-�=e with'sn sixty days af!�znt�Yxation of e_;r,. ;� � . . : •:�;�._:-.:
<br /> � this Secariry I-srument and shall conten�l���a occupy:�`�e�?re�em x;Enrower's pnincipal residence for at iea,w�.�-::ye2r a:�:r . �r"�`:''''';,•;,�:,.•'::.:•..
<br /> �.he date of occupancy.uniess Lender o��-�z��;. �t2�Ca. �i1ci consers s.�z4!not be uan.;.sa;�bly wi�.1�,e��. as c:::rss "`:':: ���, r ''r`:
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<br /> '-S! f a ,Jt+ .4�yti.� «'ln� ��.i?r;t't.:r, i a ,d'._`.c � .
<br /> eL:eyuating CIICUI175L3IICC'S t°.Q.t.Y l4�1IC22 2:� G2}'OCI� �r.T!'�'d'.'.(S COII�COI. BCCCOV.C� e::•.:.. S16L •.a,.'77SJY. C�3I!Ts':,�z Cl: ' �:.J.P g��.;.•�.J./�ri'1. i�� ,�,,
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<br /> 1?:azerty. ailow the Pro�en� -- ::e==riur_=__ or cemrr:: ti•ste on the Propert�. ��r�c�a��-�szWl 4Y m ctef2u.[c i`:.'*�' �erfe:-CUn: '' ��`_ `.j4�f�'��( ;'�
<br /> a��:�or pro�ding,wh�t�`:•w-�.i cr cri-r7si:a1. �s ��-un that in L.ender�5 g00� �.i!ii.`t `:t�!�Ti,H;t i.J�u t'ZSU�C t�•':t,��i.ure ef d�e ,'�'�%'• �sa ti••`'
<br /> ` `t N,�,�,�;:_
<br /> s;-r���ty nz ud��:.�-wise materially impair tt.e�:,n created by this Seeurity Instrument or Lender's s�curiry interest. Borrower may • . • -
<br /> ��re such a d,�;�:it and reinstate,as provided in paragraph 18,by causing the action or proceeding co be dismissed with a ruling �r,, �;?�':
<br /> �:, in Lender's good faith determination, precludes forfeiture of the Borrower's interest in the Property or other material � ,
<br /> impairment of the lien created by this Security Instrument or Lender's security interest. Borrower shall also be in default if ��� '''
<br /> -z , .•l6�. :�.
<br /> Borrower,during the loan app}ication process,gave materially false or inaccurate infarma2ion or statements to Lender(ar failed '. � ,_
<br />_ to provide L.ertder with any material information) in connection with the loan evidenced by the Note,including,but not limited -- . �`�; ' �
<br /> to,representarions concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a ���:;;� ���
<br /> K`�'A.''`;--, ,
<br />- leasehold. Borrower shall comply with all the provisions of the tease. If Borrower acquires fee title to the Property. the :�'�� ��`-'`-
<br />- leasehold and the fee tiUe shall not merge unless Lender agrees to thc merger in writing. •-° �
<br /> ' 7.Protectton of Lender's Rlghts in the Property.If Bonower fails to perform the cove�nts and agreements wntained in "`- ����"" _
<br />_ ' this Security inswment. or there is a legal proceeding that may significantly affect Lender's rights in the Property(such as a ['"``-�=.�-�-,;�.�
<br />_ proceeAin�in bankruptcy,probate,for condemnation or forfeiture or to enforce laws or regulations).then Lender may do and �:;_;:p.r�=- —
<br /> pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property.I.ender's actions may —
<br /> ,, include payia� any sums sQCUred by a lien which has priority over this Seturity instrument, appearing in court. paying �
<br /> , reasonable attomeys'fees arA entering on the Property to make repairs. Although Lender may take action under this paragraph �'�"�' `
<br /> 7.Lender does not have to do so. �:'..i�'�
<br /> � Any amounts disbursed by [.ender under this paragraph 7 shall become additional debt of Borrower secured by this �`=_��T�s�:�=_=
<br /> Security Instrument. lJnless Borrower and L.ender agree to other terms of payment, these amounts shall bear interest from the :"
<br />- � �dzte of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower reyuesting Y° kt•:-��:
<br /> ��:s�•...
<br /> payment. �
<br />` 8.Mortga�e Insurance.If Lender required mortgage insurance as a wndition of making the loan secured by this Security
<br />_ Instrument. Bonower shall pay the premiums required to maintain the mortgage insurance in effect. If, for any reason, the � ���,,,,�,. �,rk,
<br />_ mortgage insurance coverage reyuired by Lender laps�s or ceases to be in effect. Sorrower shall pay the premi�ms require�i to `�'• � -�'�' �
<br /> ? �i^..° . � �
<br /> Wbtain coverage substantia!!y equivalent to the mortga;e�asurance previously in eft'ect,at a cost substantially ec�uivalent to the . 4•�'�;'' '
<br /> cast to Borrower of the mor�gage insurance previously in effect, from an alternate mortgage insurer approved by Lender. If �:�' Q�,•. , ��� '_
<br /> substantially equivalent mortgage insurance coverage is not available.Borrower shall pay to I.ender each month a sum equ,:F co '•� " °
<br /> one-twelfth of the yearly mortgage insurar�ce premium being paid by Eonower when the insurance coverage lapsed or ceased so � ";_.���,����,�
<br /> be in effect. Lender will accept,use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve � , . � °
<br /> .����� .
<br /> Form 3028 9190 `'�`�''x'"`""`�'-
<br /> X�
<br /> Page 3 of 6 • :�."�.�M�'•J'?
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