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<br /> � 9�� ����'7� �� ' ' �. • . '.4
<br /> ' g,HaTard or Property Iasurance. Borrower shatl keep the improvemcnfs now cacisting or hercafter ercxted on thc Property � • : '
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<br /> � insured against loss by fac. hazards inciuded within the tram"extended coverage" and any other ha�ards.including ttoods or . .
<br /> � fiooding.for which Lender requires insurance•Tt�is insuiance shall be mauitauied m the amounts and for the periods that i.ender �
<br /> requires.7he u�s�srance carrier ProYiding the insurance shnll be chosen by Borrowes subject to[.ender's approval which shall not s
<br /> � be nnreasonably withheld. If Barrower fails to maintaln rnverage described above, i.er►der may. at Lcnder's option, obtain ��
<br /> . , coveaage to protect Lender's rights in the Property in accordance yvith pa�agraph 7. � • - . - . _--- .
<br /> pli insurance policies and renewal�shall be ar.ceptable to 1.ender and shall include a standard mongage clause.Lender shail
<br /> htive the right to hoSd the policies and renewals.If Lender requires.Barrower st�all prompdy give tn Lender al!receipts of paid � `' . � '. .
<br /> ' preaniwns and reuewal noti�es.In the event of loss,Bormwer shall give prompi notice tn the insurance cazrier and Lender.l.ender . . -
<br /> may malce praof of loss if not made promptly by Borrower. �be�pli���toration or r�air of the �
<br /> Unless Lender and Borrower otherwise agree in writing.insurance Fmceeds . � . . .
<br /> property damage�.if the rest,oiadon or regair is econamically feasi'ble aud Lender's secarity is not tessened.If the restorarion or . , , ,
<br /> repair is aot economically feasible or Lender's security would be lessened,the ins�uance pcoce�s Shall be aPPlied t°the sums , •
<br /> secured by this Securiry Inswment, whether or rtoc then due, with any excess paid w Borrower. Tf Bomuwer ahandons she _ , ,
<br /> pcoperty,or does not answer w�d►in 30 days a norice from L�ender that the insuranse casrier 1�as offered to seWe a claim,then . . - �
<br />' L.endea may co23ect ihe insvrance praceeds.Lender may use the pmoeetis to repair or restnre the Property ar tn pay sums secured -���
<br /> by this Se�auity lnsuumeab whether or not then due.The 30-day period wi11 begin when the notice is given. , :`..;�t , .
<br /> Unless L.endea and Borrowar otherwise agree in writing,a�ry apPlication of pmceeds to prin�ipal sha11 not eacteud or postpone ���-� -
<br /> the due date of the monthly payments n%ferre�to m Qa�aS�P�1 and 2 or change the amount o f t he payments.I f un dea Pard g r a Ph �-`r---
<br /> 21 the Piopeny is acquiied by i.ender,Bomower's right oo any insurance policies and proceeds resulting from damage to the . .. , y...�_ „_,j.
<br /> pmperty Pruor to the acquisition shall pass w Lender w the extent of the sums secured by this Securiry Instrument immediztelY - ----.;-'°�.:..
<br /> � prior ro the acquisidon. � . `�•,:_
<br /> 6.(iccapancy,Preservadon,Maintenance aad Protedion of f�+�Prope�tp; BorrowePa I.oan Apptication;I.e�se��s• . ' ; � - -�'�-_
<br /> wi�hin svc da s after the execution of . �.-�-,'�!`- J
<br /> Boirower shall occupy,establish,aad use the Pmperty as Borrower's principal resideACe ►Y Y � =�. .
<br />:,�:;F;.+ this Securi ty Insuument and shall continue to acc�PY s�z l�peaty as Barcower's principal residence for at least one year aftra the , ..L;.` :.` .
<br />°�'`}' date of oa;upancy, unless Lendea athe�ise agrees in aziting, w t�*.o h co n s e n t s h a l l n o t b e u n r e a s o n a b l y w i t b h e l d, o r u n l e s s �, • .
<br /> t' .� �
<br />" e a c t enuatin g cir�umstances exist wtuch�se beyond Bo�w�'s coatroL�nrrower shaU not destroy.daa►a8e or impanr the Property. .. � , :
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<br /> allow the Praperg+ ro detxaioiate,or cemmit waste on the Property. Bosrower s h a l l b e in d e f a u l t i f a n y f Q a€e�:a u e a c t i o n o r . , _'� ,r".�� . .
<br /> Proceeding,whether civil c�c�uninal,is be8un that in Lander's good faith judgment could result in forFeiaue���s Property or ��,.;: n:• � : .
<br /> otheawise mateaiallY imPair the lien created by this Sec�rity Iusuniment or Lendea s sec�nriry interest Borrow�may cune such a ,,.!„`_.. : .i ,, , ,
<br />�:� default au��oinstate,as provided in ga�agraph 18,by ca�sing the xetiun ar praceeding w be dislnissed with a culing that,in � : '.. :ti
<br />;;r::'. Lender's���faith dete�nination,Precludes forfeiuue of the Borm�er's intere.st in the Propesty or other material impaim�z of ,s.�,�- j.g�
<br /> °.: , the lien rs�d by ihis S�rlty Instrument or L.end�'s sec�ricY uiterest Borrower shall also be nn dtfavlt if Borrower,duri7eg the ` �;y;'. -
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<br /> ., -: toan applic�ion proc,ess,gf►ve matcaiallY false or inaccaaate infomiation or statements w Lender(or fa�ed tn�vide I.ea►d$r with _
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<br />'�';�'r���' acay material infom�ation) in canneaion with ths loan evidenced by t�e Note, including,but not limited tz�,representations _ �,,g..
<br />_ :.,,,�:;..M �:. � .
<br />:•h�. � conceaning�taazower's occupancY of the Pcoperty as a principal residence.If this Secarity Insmiment is on a leasehold,Borrnwer � ;r� .,;:.
<br />. sha11 comply urith all the provisions of cbe tease.If Bonower acquires fce title to the Paoperry.the leasehold and the fee dde shall � ��-.� ��-=
<br /> not mcage onless Lender agrees to the mergec in writing.
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<br /> 7.Protedion of Lea�Br's Rig6ts in the Property. If Borrower fails ta perform the covenaau znd agre.�ents contained in ,:•;�:'- . �'°
<br /> d affect Lender's ri 3s in the Praperty(such as a ..4����_ .
<br /> .. this Secauity Insuument,�xhede is a legal proceeding that may s�gn�fican y 8h ` -. - --
<br /> Proceeding;m�m�upuy,probate,far��demnation or forfeiwre or tn eaforce laws or regula��s).the�I.�der may do and pay ' ,;�,:•�,,t=�
<br /> for wtiare�.�is necessazy co Prntect�}�:ue of the Property and Lender's rights in the Pro�;•.i.ender's acsions may inrJ_ude =�;_L.
<br /> ° �=, PaY�B �Y � s�ued by a lieai which has priority over this Security Instrumeni, aDPe�ag in cowt, PapinB re��le �. .
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<br /> aitomeys'fees and entering on the Prapeaty to matce�airs.AIthough i.eade�rnay take acaon under this par.�qraph 7,3..�nder °�r:�- � .
<br /> does not have w do so. - y F� '
<br /> �'� My amounts disbursed by L�nd�r a..^�dea this paragaph 7 shall become addiaonal debt of Borrower scxc..-z-��;y this Security °-.� . ..---..___ _
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<br /> Inswmen4 �3n1°ss Borrawer and Le�:u�agree to other teams ef�yment,these amounts sh�D bear interest from the da:e of . _ ;p^�����^_—
<br /> s,:;�(; -:
<br /> � disb�usem�rt su�he Note rate and sha'�L^e payable,with interest,upaa aotice from I.ender to Borrower rec�uesUng payment .. -,_..y:ti.�•,._
<br /> ' S.Mortg�ge Iasvrause. If Lender reguired mortgage insuiance as a cond�a�:�of making the toan secured by this Securiry ,. ., �;sj�.-.�
<br /> InstzumeAt, Boirower shall pay the premiums required w maintain the ino��,� insurance in effect. If. for any reason,the �t... .. �._ �e .
<br />� mortgage i�,.vraase coverage requffed by Lender lapses or ceases to�e in effect.Borrower shall pay the premiums required w : ;�_. . . _
<br /> obtain wv.�ge substantiaUy eyuivai�nt to the mongage insuzance�viously in effect,at a c�ost substantially eqnivalent to�'ie ,
<br /> .. cost to Ev mwer of ihe snort�gage inuurance previovsiy in effea.[r+om an altsmate mortg�;�insurer approved by Len��.Yf ,...� �,
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<br /> subst3ntia1ly e9uivalent mortgage msaa�sce coverage ia not availab2e,Borrower ahall pay u�L�der e.ach month a sum eqa.°J to , ,�';;;�;'.:� .. , ,
<br /> one-twelfth cf�he yearly mortgage ins�u�¢nce Premium being paid by Boirower r�+t�e���:c As��.^.oe coveaage lapsed or ceased w : ___ _.
<br /> be in eff;ct Lender will accept,us: s�nd retain these payments a4 a loss mserve in lieu c3 mactgage ins�.�ce. Loss reserve !:• ..° •:� �.
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<br />. .. Form 802W ,?f90 r1{ .. � :�.,..'.;� _._
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