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<br />� � ��— a�A���� � -
<br /> , S. Ha�ard or Property Insura�ce. Borru«�er ihali keep the �mpro�ements nu�e ext�ting or here:stter erect on the ' � � `.�
<br /> Property insured agair+t loss by tire, hatards includ�i within the term 'e!ctended ru�erage" and any uther hazards, including � � ` �
<br /> � Flaod�o�flouding. for�vhich Lend�r requires insurance. This msurarice tihall be maintained in the amaunts and for the periods � � .
<br /> •,' that Lender myuires. The insurance carrier providing the ia,urance shall br chu�en by Borrower,ubjert to Lender's approval • � -
<br />, «•hich shall not be unreasonably withheld. If Borrou•er fails tu meintain ro�erage de�.cribed abo�•e, L.ender may, at Lender's `"."'
<br /> ; r. -
<br /> option,ubtain co�•erage to protect Lender's right.in the Propeny in arcordance with paragraph 7. .,
<br /> � Al! insurance policies and renewals ,hall be acceptable to L.ender and �hall inrlude a �tandard mortgage clause. Lender � . • `
<br />` __ chall h�ve the right to hnld the policies anJ reneaal�. If Ixnder require��,Borrower�hall promptly give w Lender all receipts of ___�,_,. �_�� s�'T.
<br /> • ;'.(� paid premiums and senewal rtatices. In the event uf losti.Borrow•er tihall give procttpt notice to the insurance carrier and Lender. ' .� . : ' �
<br /> Lender may make proof of loss if not made prompdy by Borrower. `
<br /> Unless Lender nnd Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repa'sr of the � • � '� �
<br /> .�
<br /> Property damaged,i4'the restoration or repair is economically feasible and Lender's securiry is not lessened. If the restoration ar ' �t'� � " =
<br /> repair i�not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums " � °��':�"� ��
<br /> • serured b this Securit [nstrument, whether or not then due, with an excess ` �L �'L T ��
<br /> , y y y paid to Borrower. If Borrower abandons the ;� ;__ �:.:_.
<br /> . Property. or does not answer�vithin 30 days a noace from Lender that the insurance carrier has offered to settle a claim, then _ • �-�
<br /> ,_.;;�T��-�_--,
<br /> Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums
<br /> secured by this Security Instrumeat,whether or not[hen due.The 30-day period will begin when the notice is given. :-�� ��-�`t�-�'"
<br /> _�_—_=-
<br /> - Unless Lender and Borrower otherwise agree in writing. any application of proceeds to principal shall not extend or ~� ,;�
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If � '�?�°-�_-- -�
<br /> :�..._
<br /> ' under paragraph 21 the Properiy is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting from ' - • " �'
<br /> _ � -�t.
<br /> damage to the Property prior to the acquisition shall pass to L.ender to the extent of the sums secured by this Security instrument =��::.,��F-��--�=--
<br /> , .ra��,�
<br /> immediately prior to the acquisition.
<br /> � 6.Occupaacy,Preservatton,Maintenance arid Protection of the ProRerty;Borrower's Loan ApplIcation;Leaseholds. -�--'-`�-�=�;,,,.��•�
<br /> ' Borrower shall occu establish,and use the Pro as Borrower's rinci al residence within six da s after the eaecuuon of ' �'`"���''°'`��y-
<br /> •s. " PY• Pe�Y P P tY Y , r':�.
<br /> ��''��_._
<br /> this Security Instnunent and shall rnntinue to occupy the Property as Borrower's pri�c-�pal residence for at least o,�2�ear after , � __
<br /> the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably witbhetd, or unless f�;.:�
<br /> eatenuating circumstances exist which are beyond Borrower's cantrol. �orrower shall not destroy, damage or impair the .s3;;• �:�
<br /> . Property. allow the Property to deteriornte, or commit waste on the Pro�erty. Barcower shall be in defaWt if any forfeiture �°� ';'�'
<br /> � action or proceeding, whether civil or criminal. is begun that in Lender's good faith judgment could result in forEeiture of the ;
<br /> �-; ���` ,;�
<br /> Property or otherwise materi?�ly impair the lien created by this Security Instnsment or Lender's security interest.Borro�ver may �.;c ,,. .�
<br /> _ cure such a default and reinstate,as provided in paragraph 18,by causing�:e action or proceeding to be dismissed with a ruling � �r�
<br /> . .. �.r:, -;�•.;,,_-.
<br /> that, in Lender's good faith detemunation, precludes forfeiture of the Borrower's interest in the P�operty or other material �':�'.��,,.--
<br /> � impairment of the lien created by ihis Security Instrument or Lender's security interect. Borrower shali also be in default if ; �
<br /> . re. " r„
<br /> Borrower,during the loan application process.gave materialiy false or inaccurate information or statements to I.ender(or failed :��ir. =-
<br /> to provide Lender with any mase3ial information)in eonne.ttqcn witfi the loan evidencad by the Note,iactuding,but not limited Rt;°°, _-
<br /> to,repsesentations concerning Borrower's occupancy of the Property as a principal residence.If this Security Instrument is on a sd '� �_:.
<br /> - s�'•; ..__.
<br /> leasehold, Borrower shall comply with all the provisions of the lease. If Eorrower acquires fee title to the Property, the �?�;�: . �,
<br /> • leasehold and the fee title shall not merge unless Lender agrces to the merger in writing. . .,�; ��. ,%-�'_--
<br /> _�,� �
<br /> . 7.�+otectlon of Lender's Rights ln the Property.If Borrower fails to perform the covenants and agreemenu contained in '
<br /> �.� �ti:_ -
<br /> this S�curity Instrument, or tL-�is a legal proceeding that may significantiy affect Lender's rights in the Praperty(such es a � '"� _-�
<br /> rc•c.�din in banlw tc rc6-_:,,°, for condemnauon or forfeiture or to enforce laws or r '�°'`'� �
<br /> � p g' p y.p egulations), then Lender may do and �;:�,�
<br /> ,__.
<br /> . .�, pay for whatever is necessary to pmtect the value of the Property and Lender's rights in the Property. Lender's actions may , �rf:° ;�_
<br /> :. ..;.� P Y 8 "-Y Y P �Y �Y aPP��B Y� $ �(� �j�'il�`�° '
<br /> include a in �o sums secured b a lien which has riori over this Securi Inswment, in court, pa n �_ ����►
<br /> ',� reasanable attomeys'fees and�xring on the Property to make repairs. Although Lender may take action under this paragraph _ _�-..-.d.`
<br /> . ::�,• 7,��der does not have to do�. �,___
<br /> Any amounts disbursed by Lertder under this paragraph 7 shall b�me additianal debt of Borrower secured by this •' '��?����
<br /> '; . . -.,.:.:_`--
<br /> . :�; Security Instrument. Unless Borrower and Lender agree to other tertns of payment,these amounts shall bear interest from the - -- _--_ �--•
<br /> date of disbursenn:;� at the Note rate and shalt be payable, with interest, upon nouce from Lender to Borrower requesting p+r�t�':. �'T' �. _
<br /> . payment. —
<br /> .�:-'�„�„�
<br /> '� 8.Mortgage Insnrance.if I.ender required mortga�e insurance as a condition of making the loan secured by this Security . " "
<br /> Instrument, Borrowet shall a che remiums r uired to maintain the mort a e insurance in effect. If, for an reason, �le • �% r�`-f' "
<br /> . py P �a s � r } � .� �...
<br /> mortgage insurance wverage required by Ler��er lapses or ceases to be in effect, Borrower shall pay the premiums required to 4;` s..�
<br /> . obtain coverage substantially equivalent to t�:=mongage insurance previously in effect,at a cost substantially equivalent to the �;�...:=_;
<br /> � ;_
<br /> cost to Bonower of the mortgage insurance previously in effect, from an altemate mortgage insurer approved by Lender. If .� •�`�-
<br /> • substantially equivalent mortgage insurance coverage is not available,Borrower shall pay to Lender each month a sum equal to :� � ' �
<br /> or.:awelfth of the yearly mortgage insurance premium beS^g paid by Bonower when tE�e insucance coverage lapsed or ceased to �; '��'
<br /> �:�.:.,�,�.
<br /> ' be in effect.Lender will accept,use and retain these paymenu as a loss reserve in li� of mongage insurance. Loss reserve �-,-
<br /> ��,��.:i:-r,-
<br /> Form 3028 �J190 � �
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