|
;:,.�r,; _
<br /> ,-.n
<br /> . � .��_
<br /> . ..,�
<br /> r . � .,M •
<br /> - :T�:
<br /> .'�,�
<br /> :t i��119': ; ..��.�-
<br /> ��-
<br /> 5. Hazctrd or Property Insurnnce. Burrowcr shall keep tl�e impruvements now exi.ting or herrafter rrected cm d�c � _
<br /> Pri��rty insured xgai��.,t loss by firr.Uazurds incluJe� will�iu tlir tunu "cxt�ndrd a�veragc" and any c�tl►rr h,ir.arcls, including i , _
<br /> fl�x x ls c�r flo�xllu g, for which L.enJer requirex in.KUrance.Thts fn�urxnce slixll be n�uintained in the �unuunt��u�J for d�e pericnls �_
<br /> . d►at I.ender requlres. The insurance cnrrier provtding the iiLtiunuice �lu�ll be chasrn by Borrawer subject tc� Ixnder's appn�val :-�.�;____ _
<br /> which shnll nat l�e unreasuiuibly wlthheld. lf Borruwer falls ta tnuinwin coventge desedbrd abcrve, Lxnder may, at Lendcr's __
<br /> C S .,
<br /> optiau, obtain coventge to prarect Lender's righGti iu the Property in accorclunce with parxgraph 7. t=-:`"
<br /> All insur.►nce palicies and renewals shall he accepu►ble ta Lender und shall include a suuiclard martgage elause. L.end�r
<br /> shall have the dght to hold the policies and renewals. If Ixudcr reyuires. Borrower shall pramptly give ro L.ender all receipGti of __�,____
<br /> , paid premiuius xnd renewul nodces. In the event of loss,Banuwer shall give prompt uadce to the insurance cxrrier aad Ixnder. _'-
<br /> Ixnder n�ay make proaf of loss if not u�ade promptly by Borrower. _•
<br /> Unles.+L.ender and Barrower atherwise agree in writing.in��un�nce pra:eeds shall be applied to r�storatian or rep�Ir uf tUe �-
<br /> Property elamageJ,if the restoraaon or repair is economically fesuible and I.ender's security is not lesseued. If the restoration or ..�_
<br /> repair is nat econnmically feasible ar Lender's security would be lessened,the insurance proceecls shall be applied to the swus .�; '
<br /> secured by this Security Instniment, whether or not then due, with any excess paid to Barrower. If Banawer abandons the
<br /> Property,or does not answer wit�in 30 dxys a uutice from Lender tbat the insurance carrier hxs affered to setde a c1ulw, then
<br /> I.�nder may coUect the insurance praceeds. Lender may use tue proceeds to repxir or restare tbe Property or to pay sums
<br /> secured by this Security lnstrumeat, whether or not then due.The 30-day pedod will begin when the notice is given. _
<br /> ' Unless Lender and Bonawer atherwise agree in wridng, any applicadon of proc;ceds to principal shall not extend or
<br /> postpone the due clute of the manthly payments referred ro in paragraphs 1 and 2 ar change the umount af the payments. If under _
<br /> paragraph 21 the Pmperty is acquired by Lender, Boaawer's rig6t to uny iruurance policies and proceeds resulting from _
<br /> �. damage to the Property pri�r to the acquisition aliall pass to L,ender to the extent af the sums secured by this Security Insuument _
<br /> itnmediately prior to the acqu3sition. _-
<br /> - 6. Occupancy,Preseiwat[on,Maintenance and Proted[on of the Property; Borrower's Loan Appltcation; '.eas.�holds. _
<br /> �` Borrower shall occupy. establish,and use the Property as Bonower's priucipal residence within sixty days after the axecut;on of =
<br />__ - �hi�SP�urity Instrument and shall condnue to occupy the Property as Borrawer's prfncipal residence for at leust one yexr after �,
<br /> 'i the date of occupancy, unless Lxnder otherwise ab*rees ia writing.which consent�h�ii noi bc uuccz�c�iwbly w9thhctd,or unle�.°
<br /> R.`_
<br /> '. , extenuadng circumstances exist wtuch are heyond Barrower's conuol. Bonower shall not desaay, damaSe or impa r e �_
<br /> Property, allow the Property to deteriorate, or commit wuste un the Property. Bonower shall be in default iY any forfeiture ;
<br /> acdon or proceeding,whether civil or criminal, is begun that in Lender's good faith Judgment cauld nsult in forfeipire of the
<br /> Property or otherwise niaterially in�pair the lien created by thi�Securiry Instrument or Lender's security interest. Bonower niay � �
<br /> �• cure such a default and reinsGtte,as provided in parngraph 18,by causing the action or proceeding to be dismissed with a culing .'��g--
<br /> { that, in Lender's good faith decermiuxtion, precludes forfeiture of the Bonower's incerest in the Propsrty or ather materi�l �-
<br /> `•� impairment of the lien created by this Security Instrument or Ixnder's security iaterest. Boaowet shall also be in default if ;
<br /> �� .
<br /> Bonower. durin�the loan applicadon process,gave materially false or inaccurate informatian or statements to I.ender(or failed
<br /> �. ��.
<br /> . . to provide Lender witla any material inforn�ation)in connection with the loan evidenced by the Note, includiag,but not llwtted �.___
<br /> La,representadans concerniug Borr�Wer's occupancy of tt�e Property us a principal residence. If this Security Instrument is on a �;.
<br /> t� leasehold, Bonower shall comply wich ull the provisions of the lease. If Borrower acquires fee tide to the Ptoperty, the 4
<br /> leasehold and tt�e fee tide shall not merbe unless I.ender agrees to the merger in wridng.
<br />
|