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<br /> S.Haz�rd or Froperty Ins�rance. Borrower shaU keep the improvements now existing or reafter erected on e Raperty ,
<br /> � ins�ueti against loss by fue,hazazds included within the trsm "�xtended coverage" and any other hazards,including floods or . ' ��
<br />:' floading,for which Ls:nder requires insutar►ce.'Ihis insurance st►a11 b$maintaiued�►�►e�ounts and for the periods that Lender ; . __
<br />- . requires.'Ihe insurancr�c�rrier providing the insurance shall be chosen by Borrower subjact tn Lender's approval which shall not .
<br /> be unreasonabiy withheld. If Borrower faiLs to maintain cuverage de�ribed abave, L.ender may, at Lender's option, obtain i ,
<br />- coverage w pmiert Lender`s ri�ts in the�coperty in acoordance with paia�h 7. s _ - -- -
<br /> .i All insurance policies 2nd renewals shall be acceptabte to I.ender and shall;mclade a standard mo�gage ciause.Lender shall i , � —
<br /> 6ave the rigl�t w hold the policies and renewaLv. If Lemder reqaires,Hoaawer shall promptly give to Lender all receipts of paid ; , ��
<br /> � pm�iums and renewal notices.In the event of loss,Borrowea shall give prompt notice to the insurance cazrier and Lender.T.endu • . -
<br /> may make psoczf of loss if not made prompfly by Borrower. , •
<br /> ..i Unless d.endea and Borrower otherwise agcee in writing,insurance proce�eds shall he applied to reswraiion or repair of the . .
<br /> � �P�Y�8ed,if the reswration or repair is eoonomically feasible and Iznda's seciuity is not lessened.lf We restoradon or .:. ': , �,.r'--
<br /> cq�air is not economiqlly feasi'ble or LeadQa's securiiy would be lessened,the m�••�nce proceeds shall be applied to the sums - •�.%i!'�`;l. � : •
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<br /> secured by this Saauity Insunment, whether or not ehen due, with any excess paid to Hmrcower. If Borrower abandons the
<br /> Prapeaty,or ctoes not answea within 30 days a notice from Lznder that the+�+��n�p carriea 6as�ered w setEle a claim,then ''�.�;,4,�'���;�c,.,����..�.
<br /> :� �dra may collect the insvrance pioceeds.Lender may v��proceeds to tepair or reswre the Pr�Ferty or w�v��.'ns secured =;ic. 5 �� :..,r` ^.
<br /> �ert
<br /> ,� bp e3�s Security Instr�iment,whether or not then due.'IL;?��ay periud w�l begin w.''a..an the notice is given. " . :��� .,•: .H��:
<br /> :;! Unless L.eudea and B�oaowea otheruris�^�."ce in wri�g,a�y 2ggLi�-= n of pmceeds tn prmcip�1 stiall not extend or postpone . .: 5;,'!./:;t;:s. � '_
<br /> .. .h.f;;��.,-' 3�;-
<br />_;a� Lhe dne da��f��onthlY PaYme,nts r�fe�e3�m para,,,�ap�s 1����c'razsge[he amount of t�payments.If und�parngrap4� ��,..�;,,,��-;.
<br /> 21 t�c ss acqui�L��Lemdea,B�wea's right to auy;r,�„�-:.�polisies aad proceeds resutting from damage to ihe ' �'��'�"��- � �:i-
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<br /> � � �p�Y P�z w the acq�ician shall pass w Lenda to the e�t of the sums securad by this Se�nrity I�strument immediately -,�__ ---
<br /> priar to the acquivtion , .� `—
<br />�,;,,,_� 6.Qp�pa�¢y,pteservaHon,Maintenance and Pcotection of the Proper4y; Barrower's Loan AppHcatIon;I.easehotds. � ._ ---
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<br />°`�.i Borrower shall aceupy,esrablish.and ase the Property as Borrower's pr�cipal residence within sixry days after the executi�ou of . . -,�� �
<br /> this Serauit�r Insuument and sMall coatinue tfl occupy the Property as Borrower's peinciFal cesidence for at teast one year atter the ' £: �', �
<br /> date of accupaueY. unless Lend�oW�vise ag�cers in writing,wlrich wnsent shaU not be unreasonably withheld, or unles� •��. �_ �
<br /> extenua�ng cacumstances exist wtuch aze b eyon d Borron+ea's wntro l.Borrower s h a ll n o t d e s p r o y.d a m a g e o r i m p a i r t b e P r o p e a t y. �...� ..�.;� V
<br /> a12ow the picopaty to det�iorate,or commit waste on the Property. Borrowcx shall be in default if any forteiwae acdon or �-
<br /> proceeding,whether civil or criminal.is beBun that in 1.ender's goad faith judgment ca u l d res u lt in fo r feiuue o f t he P r o p e rt y o r l'-
<br /> � . y�. _:.' �; � �:;
<br /> otherwise marraially impair the lien created by t�is Sc�uriry Insuument or Lender s security interest Bonower may cure such a ,,:�,,.., , _
<br /> default a�id reinstate,a4 Dmvided in paiagraPh 18.by causing the a�tion or pmceeding to be dismissed with a niling tha�in . ��
<br /> Lendea's good faIth deteiminatian.Prectudes fosfeiwre of the Hoirawer's interest in the Property or other mate�ial impairment of _ =�;;'�.`�" '.� �
<br /> the lien creaied by this Securily Instrument or Lenda's security intraest Bor�wer shall aLso be in default if Bonowea,dnring the �,' ' �;` - -
<br /> Io�applic�iion praress,gave materially false or ipacxurate infom�ation or statements tn Letsder(or faited w pmvide Lender c✓ith - �t, _
<br /> aay taiateaial mformation) in conneation with the loan evidenced by the Note,including,but not limited w. represenmTM.ons .�-������, . �` �^ .
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<br /> conceming Bo�rower's occupancy of the Propeaty as a principal residence.If this Security Ins�ment is on a leasehold,Bo�er �:�_;
<br /> shall comply with all the provi�ons of the lease.If Barrower acqnires fee tide w the Property,the leasehold and the fa,atle sE`a3ll � �+� �.,
<br /> not meage�P,ess Leaida agiees w the mergea u�writing. �� . ��` -
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<br /> 7.Arciec(�ion ot Lender's Rtghts i�tue Property. If Bo�rower fa�7s w peafocm the covenants and agreements con�Ea < �� �:.�
<br /> c(�
<br /> this SaaaiYy Ecsuument,or tiiere is a 1 "e�J' proceed��that may si�ificantly affect I.ender's righm in the Property (sucD 2s� ���:"�i�a �.?'"� =,s..
<br />' �cee�g��Du7►•lr-'"��te,fas co�'".�r.�a?ia��r ffatfeiwre ar to eoforce laws or regWarions),then Le�dea may do and gay •:,:;��;,,,������,_ ;-
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<br /> fcs whatever is necessary��tect�e f�:°of the�rapeaty aad Lender's rights in the Propeaty.Lendea's actions may include '•` ;'�'J T`�
<br /> ��,'�::�z3;r�,.,�.a�-
<br /> PaYmB aa� ='�ns seaued by a lien ��.i;f� :`.as priority ovea this Seauity Ins�urnent,aPPearing in couit,DaYinB re�onz*�Sz . �, ..;�•.. �:
<br /> Althu� Lender ma take aaron¢Lder this h 7 I�car�z ; ,�';�'•• -•�-�'_:
<br />� attomeys'�as and entering on the Ye���to make reQairg. �Sb Y P�S�P . � ,���;�::�:=-��_
<br />,. a0L�4 IlUt fIL'V?.�0 QO S0. . . �.�.[•�r,• �e-' �.._
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<br /> Any amoants disb�used by Lender under this p�,�h 7 shall become additional debi of Borrowa ser��by this Security _�;� ,5_.�r-=- _-
<br /> Instrumeait Untesg Borcowra and Lender agree tn��.:. terms of payme.nt,these amounts shal� bear inte�Inr�m the date of �•... .. .� _
<br /> E4 3,'�Y� 4.'�,'`"';~�:.
<br /> disbursement at the Note rate and shall be payable.wi�i.:erest,upon notiw from Lender to Sorrower r ue�� ent • . x„-.�.; •!'��:
<br /> S.Martgage Ingurance. If Lendea required mar��ge insutance as a condirion of making the loan secared by t h i s Sectarity � � �.
<br /> Insuumea►t, Borrower sflaU pay the premiums re��ed w malntain the mortgage insurance in effect If. far any reason, the . .. -�.•��-.� �
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<br /> mostgage inswance cove�age required by Lender taps:s or ceases o�be in effect,Borro�ver shall pay the premiums requined to . . . �.:
<br /> obtain wverage substantially e9uivatent to the mortgage insuiance previously in effect,at a coss substantially eqwva2ent to the - �-�
<br /> cost w Hosower of the mortgage insurance previously in effect. from an aleernate mortgage insares approved by Lender. If • . �
<br /> substantiza]Iy equivalent mortgage insurance covcaage is not available.Borrower shall pay tn Lendes each month a sum equal tn ' .. _.
<br /> on�taelfth of the yearly mortgage insurauce preanium beiri8 paid by Borrower when the insur�nce covemge lapsed or ccaced w � . , . '
<br /> be in effec� Lender wID accept, use and retain these payments as a loss reserve in liea of mortgage ins�rance.Loss reserve • - � � � �'
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<br /> Form 8028 9/S0 � '
<br /> �-BR(NE)to2�21.0� Pap�3 019 inmus: � .
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