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<br /> � � 97" ���� � ..
<br /> S.tlazar�or Propertp Yaesurance. Boaower shall keep the impmvements now existing or hereafter erected on the Property � �'�
<br /> j insured against loss by fire,ha7ards included vrithin the tr�m "eatended coveaa,ge" and any other dazards.including floods or �, . •'. -
<br /> floading,for which Leader requires insr�rnnce.This insurance shall be maintained in t�►e amounts and for the periods Wat L.ender ' �.
<br /> requires.The insurance catrier providing the insurancc shall be chosen by Borrowea sub,{ect no L.euder's approval wlzich shall aot `
<br /> be �mreasonabfy wiWlceld. If Borrower fails ro maintain coverage descn'bed above, Lender may, ai I.ender's oplion, obtain • , � :
<br /> �
<br /> coverage tn proted Lender's rights in the Praperty in zscordance with paragraph 7. j -
<br /> Atl ias�u�anse poficies and renewals shall be acceptable tn L.ender and shall inciude a ssandard moagage clause.Lender st�all � . ' . . �
<br /> - have die right to hold t�e poHcies and renewals.If Leader�{uires.Borrowea shall promptty�ive to Lcnder all receipts of paid �. ._ _:.
<br /> pre�iums and renewal notices.In the event of toss,Borrower shall give prompi nouce w the�n��*�nce carrier and Lender.Lender t � ; '
<br /> may make proof of loss if not made piompdy by Borrower. � . ::•• .
<br /> Unless Lender and Bonowe�otherwise agree in wriinig,insurance proceeds shall be appli�t,�storation or repair of the � '- -.
<br /> j pmperty damaged,if the restoiatioa or repair is econoaucally feasfb2e and Leaster's sea�'s:y is not k�.sened.If the restniation or '��'P`�� .
<br /> cepair is not e�nnomically f�ls or Lendcr's sec�uity wauld be�ed,the insuranc.��rac$eds shall be applied tn the sums �-'.� -_ '=':+•:-
<br /> secured by this Secarity Instrs_._�*-:ent, whedier or not thea dne, w i i h any eaccess p a i d oo Barrower. I f Borrowex a ban d ons t h e � ' ' .�;;�{. ,
<br /> ProPeatY,or does nmi answer withu�30 days a notice from Lendea that t��insurance carrier has cff�ed to settle a claim,then ! � ���-';'• .
<br /> Leaid�may colle�t the�n�,,.ance proceeds.I.endea may use�e pmce�ds q cepair or res�►re rhe Pra�zrty or w pay suins secured , . '',:`;�;fl�`.:;:-
<br /> � � by td�s Secauity tnstrumea�t,whettser or not then due_The 34-day period w11 begin whea the notice is given. • ' _;;; �
<br /> U�SS Lrnder and Boaowea ot�erwise agree in writiag,an9 aPPlication of proceeds m�mcipal shall not eatead or pos�tpone .``,,';<'. - '�.�°_-:-
<br /> ��• •.
<br />� " the c�datc of the mondily pay�au refeared tfl im paragraphs 1 and 2 or c�nge the amnunt of t�s paymenu.If under paTagrapb �•��'�ti,.�- ' ,.' .^�
<br /> • 21 tbe Property is acqoi�ed b�Lender.B��w�r's right w any insnrauce palicies and proce°.,�r�salting from daA�age to the �,.;����r',<. • • �-��,`;:,�^:�. ,
<br /> t . �.....� '�,;�,, �_-�
<br /> Property prior to the acquisitien s�all pass ta Lendea w the e�ctsni of the svms szwred by this Security instrument immediately ;. :, . ,
<br /> . prior ta the acquisition. ���.� i.,�`:` -
<br /> � ,.,��,'. . `.,r...�,�._
<br /> 6.Occupaucy,Peeservatin�,Ma3ntenance and Protecttan of the ProPerty; Bo�,zr's Loan Application;Lease6olds. • -
<br /> . Bonower shall occapy,establish,and use the Prop�ty as Borrowds principa�resideuc�within siaty days after the ea�ecudon nf ,
<br /> , this Security Instrurneut and shall continue to occupy the Property as Borrower's prinapai resideace far at teasc one year after the p '
<br /> . date of occvpancy. unless Lender otheiwi.se agrees in writing, which consent shall not be unreasonabl withheld, or unless . ' ' `�
<br /> c n Y -� ���#i
<br /> :...�.:�.�. . _
<br /> '; e x t e n u a t i n g c i r c u m Y t a n e�e s e x i s t w h i c h a r e b e y o n d B o r r o w e r's c a n t r o 1 B o r r o w e r s h a ll n o t d e s t r o y,dama ge or i m p a i r the P r o p e:t y. � -.,.i. . � -.:
<br /> allaar d�Yroperty w deterinraie,or commit waste on ths Property. Borrower sball be in default if any forfeidue aqion oa •��. t
<br /> . pmoe°..�ing,whether civ�7 or cae�u�al,is begua that in Lendra's good faith judgment could result in farfeitiue of the Propeity or ;� :
<br /> t e r i a l l i m a i r t�e i i z n c r�Q� t t s s i s S ' Insuament or Lznder's sec u e i l y mUeresi Borrower m a y cure such a � .�,;� •• :�
<br /> otherv+sse ma Y P y 3 �Y
<br /> l'T�V'� .
<br /> defauIt and mmstaT�,as pmvide�'t in h 28,b causin the aaioa or to be dismi�sed wilh a niling that,ics �.�%,�:=
<br /> . P�P Y � P�8 _- .,�S ,-:' ...
<br /> � � � Lender•s good faith�p?P*rt+��on,precludes frnfeiwre of the Soraower's inteaest in the Pmprrty or orher material impairment of ` ' � ,
<br /> ': th$lien created by thi4 S�ur'r:y Instrument or Lender's setanrity int�rest.Borrower shall alsa be in default if Borrower.during the '•-��'' :; , +:i
<br /> • � loan applic�tion pmcess.gar•�mateaially faLse or iaaccurate infomiation or statemenLs s�Lender(or faileA w provide I.ended with �.?.�:� �' �.,
<br /> , any mat�al �f6�on) in conneaion with the ]nan eridenced by the Nore.incdu�ing, but not limited to, r�tarions �� �r't ;
<br /> --; oonc�iag Borcow�'s�cc�ancy of the Pro�r as a principal r�siden�ce.Tf this S�y Insunment is on a leasehold,Bosower �� ��'.' � �
<br /> eside ... �:.. <
<br /> shall camply wid►all the provisons of the lease.If Borrower acquires fee title to the Property,the leasehold and the fee atle shall • ��r�-=-- °'�� -
<br /> noi r�Er�e unless Lendex agree3 to the merges in writu►g. �'"�`!� 1;,�'
<br /> . 9.�tedion o!Len�er's Qi�,g6ts in the Property. If Borroaea fa�s tn perfo��h.:covenants and agr+eements contained in � �%:�~• � �
<br /> a eem et��; ,� .�
<br /> . this Secarriry L�nent,or d��e is a lega!proceeding that may significantly affect Lender's rights in the Property (such ag a ,'��a�". `�'�`-a—
<br /> ' proceed'uig in�^�icy,probate,for coa�t�tion or forfeivae or ro enfarre laws or regularions),then Lender mey do and pay ��'4��
<br /> '. for wb�:ever i��ary to protect die value of the Propeny and Lender's rights in the Property.Lendea's actions may include ���;#:_
<br /> . P�5�=�3�y stmns set�sed by a li� which has psiotity over this Secwity Listnu��s.appearin8 in court,FaY�B reasonable �';�,..'• . �
<br /> ' fees and eaterin �n mi� w malce ��s.Althou Lender ma �Jke action under tJ►is h 7.Lender ,,.:;.,:���:,,��. =
<br /> � � g �► �w� sh y v�v I; �. - .
<br /> . dces cot have tm do so. ..�?!:�t,.e.�<:
<br /> Any ama��s�usb�used by Lender under this paragraph 7 shall becoT�additional debt of Bonawer secured by�his Securiry ,� ��^z:,-�� �� `i...
<br /> Ir�luraea6 U�Boirower and Lcnder agree to other terms of paycx�r:a,chese amounts shall bear inteaest from the date of . �„�..Y`�,��,
<br /> d�ursecnent at the Note rate and shall be payable.with interest.upon norice from Lender to Borrow�requesdng payment �� �-�
<br /> " S.Martgage Insurance. If Lendea required anortgage insucance as a condition of maYing the loan secured by this Security ,,, �:'��;.�: ��•�:
<br /> ��!!.+;,i :;? .
<br /> ::;?�,..,; •,,-�;.,,�,.�..
<br /> lnswmeat, Boirower shall pay the premiums required ta maintain ths mortgage insurance in effect If, for any reason, the ':�.�.';�•� ���
<br /> mortgage insivance coverdge reqnired by Lendea lapses or ceases W tte�+n effect,Bormwer shall��he premiums required w � � _ �� � '
<br /> uan •
<br /> obtain cove�age substantiaally equivatent to the mortgage insutance previ�sly in effed,ai a cost substan6ally equivatent to the , �'"'�'�' `
<br /> cost to Barmwra of d�e mortgage insutance previously in effect,from an alt�nate�ortgage insurer approved by Lertder. 1f : '�. .p-: .�
<br /> � substantially equivalent mortgage insurance coveaage is not available.Borrowea shall pay to I.endea each month a sum equal w �.: ; • . .
<br />. �`�� :,�
<br /> on�twelftb of the yearly mortgage insurance premium being paid by Baarower when the insucance coverage lapsed or ceased to �-,-r;�.�
<br /> , be in effeq.Lender arill xcept, use and retain these payments as a Ioss �eserve in lien of mortgage insurance.Loss resen+e � � �
<br /> ; . .;
<br /> Form3028 fl/�0 � :,. , ��
<br /> ��1�(N�(D212).Ot Pape 9ot 8 Intt�ats: . , . .
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