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<br />� ,, 97� ��0'7'7'e � : �� ` �-�`
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<br /> 5.�rd ar Property Inswrance. Horrower shall kcep the iariprovements now existing or hereafter erected on the Propercy ' •_
<br /> insared a�ainst lass by fuc,hazsuds included within the t�rm "extended coverage"and any ather hazards, including flaads or `� .
<br /> � flooding.for which Lender rrquires ensurance.'It►is insurance shali be maintained in the am°unis and for the peeiods d�at Lender • ( . . -
<br /> requires.'Ihe insurance camea providing the insuran�e sh�11 be chosen by Bonower subject to Lender's approval which shaU noi .
<br /> be unreasonaUly withheid. If Borrower fails to maintain coverage dessribed above, Lender may, ai [.ender's option, obtain . l
<br /> coverage m ptotect L.ender's rights in the Propeityr in accordance vrid�paYagraph T. -. �.'
<br /> ; All insurance policies and renewals shall be accepfabte tn Lender and shall include a staudard mortgage clause.Le,�der shall � .•
<br /> have the right to hold the poGcies and renewals.If I.ende�requires.Borrower sba11 promPdY 8ive to Lendu all receipts of paid . • ••`,
<br /> premi�ms and renearal aorices.In the event of loss,Boaocuer shall give prompt notice to the insurauce carrier and Lender.Lender • . .
<br /> may make ptoof of loss if not mad.e pmmpdy by Borrower. � . . , �` '�'�
<br /> UNess L.er►der and Bonower oiherwise agree in writn►S•ins�ce Pr�ceeds shall be a�Plied tn restnration or repair of the .�
<br /> . ..; propaty damaged,if the reswration or repair is economically feasible and L.endea's security is not(esseued if t6e restoration or � ��• � _�:s_ ��
<br /> . re�air is not economically feasil�le or Lender's sec�uity would be lessened,the insurance Pmceeds shall be apPlied to the sums + . - : •
<br /> ser�red by this Securiry Insor�nent, whether ar not then due, with any excess paid to Borrower.If Botrawer abandons the
<br /> Property,or does not answer within 30 days a nodce f�om L.ender that the msucance can�ier has offered w s��a claim,then : . ,_:. "-.--.�
<br /> � L.ender may c�L�ct the insurance pmceed.�.Lender may use the proceeds to repair ar reswre the Properry or to gay sums s� •. :, . •':<r��_ft:�,'
<br /> . by t�his S� ���r�meat,whedi�or not then due.The 30-day period will begin wfie�n tke norice is given. f�` :,`` �,,; ,��;,= �,:.
<br /> . t �Tn��w�.:.d B�rra�er otherwise ag�ee in wrifs�g,any a�plication of pmcea�ss to grincipa!shall not ex�:�i�r pozra:r� ���:-: �•:�•';��'�`��"
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<br /> . ��da:�af i-:;�ca�r2g��,�°nts referred to in paragrapfis 1 and 2 or chauge t�.::�a�a.of t�e�aY�ents.I&'unc��garagrapb ��"_,+ � �.s,;,�
<br /> : ?4 2�r s �7sy� u.R.nd�,B�wer's right to any insurance polici�ar��s s�ulting fa�a��mage tn the .;<.',-,,� , ., --
<br /> ' .� �; � � ;�:-;.. .:�'�:-_
<br /> ` s,: -�"'�-'e�Y Fr�=u,the acqui�ition shall pa5s s:C,ender to the extent of dse sums secured by this S�y Insbnnnent immediaielY , : ... ._.�._--
<br /> ; �r,:^s to the acq�aistion. �", `�--
<br /> 6.Occapancy,Preservatfon,Maintensnce and Protedion of the Property, Borrower's I.nan Applitation;Leaseholds. . ,.�' p'•..�• =�_�
<br /> .�-� _�' �_
<br /> ' � Barmwer st�all occapy,establish,and nse the Property as Borrower's principal�sidence arithin sixby days after the exesudnn of t =
<br /> '��.{ this Secauity Insl�ment and shall continue w occupy the Pr+operty as Bonower's principal residence for at least one year aftQa the - _- � ' •- •,st` " ---
<br /> • d a t e o f a c c u g a n�y, u n l e s s L e n d e r o t h e T w i s e a g c e e s i a writin g, which conscnt shsill aot be unreasonably withheld,or uNess ,
<br /> eacteai�ating¢ircumstances exist wtuch are beyond Borrowcr's contml.Bo:rowa shall rtot desuoy.damage or impair the PropeRy, �. .�� : -�
<br /> allow the Property to deterioiate.or commic waste on the Property. Borrower shall be in defaiilt if any forfciture action or :.. . _
<br /> ProceEding,whether civil or criminal.is begun that in Lender's good faith judgmeat could result in forfeiture of the Properiy or ._,.«„a�`. . V?::; • ' ;'.:
<br /> . - � �_,.• .
<br /> othtxwise m a t�e ri a llY impair t he l ien c r e a t e d b y t h i s S e c u ri ty I a s u u m e n t o r I.e u d e r's s c�u r i ty i n t c r e s t.Borrower ma y cure such a ';i�. .` . .; ., _
<br /> default and reinsrate.as provided in paragraph 18.by causuig the sction or proceeding to be dismissed with a ruling that.in ,j� ��
<br /> I.ender's good faith determinaiion,prccludes forfeimre of the Borrower's interest in the Property ar other material impsiirment of j��
<br /> .:�.� the liea created by this Scxurity Instnunent or Leadt;rr's security interesK.Bonower shall also be in defa�It if Borrower,diuing the `� Ie; '�
<br /> d
<br /> '"' toan applic�n process.gave mateaially false or inaccucate informarion or statements w Leader(or failed ro provide Lender arith �^:
<br /> ICSCAi8Il0I1S '+'�Vfi,• ,��, '�
<br /> any mataial information) in connection with the loan evidenced by the Note, including. but not limi[ed to, rep � r;
<br /> ., � ` .
<br /> conceaning Boaower's occupancy of the PropeaRy as a principal residence.If this Securiry Insuument is on a leasehold,Bormwer �� ,J . ,F ���
<br /> shall comp1y with all the provisions of the lease.If Borrower acquires fee ade to the Properiy,the leasehold and the fee titte shall *�•�- �-�._
<br /> � not meage unless Lender agrees to the merger u�writing. �J �
<br /> . 7.ProtedIon of Le��ler's Rtg6ts ia We Property. If Borrower fails tn perfosm the covenants and agreemea�ts contained in �`_
<br /> �5��.�:`.'"""'
<br /> ,-. tt�s gecurity Instrumeat,oz�eae is a legal proceedin8 th�t maY significantly affect Le.nder's rights in the Pro3�ty(•sach as a ':',��,:�__�--�
<br /> :;,$�.; pro�im8 in banlQUptry,Frobate„for condemnarion or farfeiwre or to enfosce laws or regulations).theai Lender r,�ay do and pay ���;�r::.,��ffi'F,au�:r;
<br /> � for whatevea is aecessary to protect the value of the Froperty and Lender s rights in the Propeity.l.euder's aqions may include �;:�__ .__
<br /> . paying anY sums secured by a lien wtuch has prior�, over this Security Inswment,aPPeariDS in court.PaYmB reasonable '�,;�_•or-:=,_,.�._,_
<br /> n , .�C�;..�� .
<br /> . �s�omeys' fees and enteeYiug on the Propeity to make:�a5rs.AW�ough Lender may take action ander t6is pa�agrapb?.Lendea ;•::,. +�
<br /> t pa �;- ,'--+�vr
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<br /> ' daes not have to 8o so. �"};'` �•'.��-�� �= ��°
<br /> � Any amouzits disbursed by Lender under this paragraph 7 shall tr.e�ome additional debt of Bormwea sec�ued by this Secacrity __ •"'��"�-
<br /> ap
<br /> Instrument Unless Borrower and Lendea agree to other temis of�-rr.ient,these amounts shall bear interest from the d;�: of ,.;,,,'�:,�,'�!�►�•
<br /> disbnrsement at the Note rate and shaU be payable.with interest,upoa�mricc fr�nm Lender to Borrower requesting paymer� � _ —
<br />- � 8.Mort�age Insarence. If Lender required mortgage insurance ss a condipon of making the loan secured by this Security �' �" �
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<br /> Insuument, Barrower shall pay tha premiums required to maintain the mortgage insurance in effect.ff, fm any reason, the '� ,.�.:..::.. . ;•t..• �:;�.
<br /> mortgage insucance coveaage required by Lender lapses or ceases to be in effect,Bmmwer sha11 pay Ihe premiums mquired to . : .. .�- . --
<br /> obtain coverage substantially equivalent to the mortgage insurance prc.wiously �effect,at a cost substantizally equivalent to the : . , ��'�''�.'��.;.. .
<br /> . cost to Borrower of the mortgage insurance previously in effect,from an altemat� mortgage insurer approved by I.ender. If • . . .
<br /> snbstantially equivalent mortgage insurance coverage is not available.Botrower shaU pay w Lender each month a sum eqnal to
<br /> on�twelftb of the yearly mortgage insurance ptemium being paid by Borrower when the insw�nce coverage lapsed or ceased to : _�.. �:.
<br /> ' be in effect. Lender wiU accep� use and retain these payments as a loss reserve in lieu of mortgage insivance. Loss reserve . � .
<br /> � " —
<br /> Form 802a 9I�0 . : , ' � • � _
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