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<br /> . S.Hi�v�rd!�r{'iruperty Insurunce. g�� vitt►in�ihc tc m�cextendeci"�vcruge" nndUany�ather hfa•r.urds�'nc ludi bcfloodsTC r
<br /> " insured uguinst loss by firc,burards inc,l
<br /> floodin�,for which�11`al c�uravidingrithc insu ancc sl allLhc cho cn by Bottuwcr�ubjcct to�Lcn crtUU rroval which shnll not �
<br /> rcquirav.'1'hc insuranw P
<br /> bc unrcasonably withhcld. If Barrnwcr t:iils ta mainuun cavcrngc dcscribeci ubovc, l.cndcr may, ut l.c:ndcr's opuon, obtuin
<br /> Y c;ovcragc tu protcct Lcndcr's rights in thc Property in accordancc with parabm►Ph 7.
<br /> -�"''`�'" All insuranee policies and renewals shall be accepuble to Lender�u�d shull include u swndard mortgage clausa 1-ender shsill
<br /> ' "'"''� huve the right t�o hold tlie policies und renewuls.If L.cnder requaes.Borrower shall pronipdy give w Lender nll receipts of paid
<br /> premiums nnd renewal notices.In the cvcrt of loss,Boao�vcr shall givc prompt notic;c co thc i�sur�nce��ncr und Lcndcr.Lcndcr
<br /> may make proof of loss if not madc prompdy by Bonowcr.
<br /> Unless Lcnder und Bonower othenvisc agrcc in wridng, insurancc procccds shall be applicd to restoration or rcpair of the R5.
<br /> Properry dnmaged,if the restoradon or rep�c''s securi ml ould belbess nled��►e in�urnnce proceedsl hall be app ed tA the�ums -_
<br /> '�, rep a i r i s n o t e c o n a m i c a l l y f e a s i b l c n r L e n Y �x��ys ai d t o B o r r o w e r. I f B o n o w e r u b an dons thc .
<br /> 7• secured by ihis Security Instrument, whether or not then due, with anY P ..:�
<br /> � �C Properry, or does nat fu►swer within 3Q ciuys a notice from Lender that the insurance cazrier has offered to settle u�gm�� �.�
<br /> ui �'
<br /> � ,��_.
<br /> i.ender may collr,ct the insurance proceecis.Lcnder may use the proneedW��P�nrwhen the n uce is givenor to paY �m
<br /> � by this Security Inst�ument,whether or not then due.The 30-day P licadon of roceeds ro principal shall not extend or postpone 6_�z
<br /> ° � Unless Lender and Boaower otherwisc agree ir►wnnr��h�s]and 2 or chanb the amount of the payments.If under parab*caPh ___._
<br /> the due date of the monthly payments referrcd to in para6'raP �,,�_
<br /> ' .. 21 the Property is acquired by Lender, Borcower's right to any insurance policies and proceeds resultu►n�ent unmediately =-
<br /> „ p�opetty pdor to thc acquisition shall pass to Lender to the extent of the sums secured by this Secw'iry --
<br /> ' puor to thc ucquisiHon. licetion;Lcaseholds. �
<br />. � 6.Occupancy,Preservatian,Mitintenance nnd Protection of the Property; Borrower's Lonn App �
<br /> . , Et'�K.'._<
<br /> Bonower shall occupy,establish,and use[he Praperty as Borrower's principal residence within sixty days after the execution of � .
<br /> this Securiry Instrument and shall continue to occupy the�roperty hBh consent�.�'hall not bedunreasonably�withheld orf unless _
<br /> � • ° date of occupancy, unless L.ender otherwise agrees ►n writing,
<br /> extenuating circumstances exist which are beyond Borrower's control.Borrower shall not destroy,damaSe or impair t1►e Property, �,
<br /> �� �� =���` allow the Property W deteriornte, or commii wa�t� ar� tt�;, Pror,-m;• g"nnwcr shall be in default if nny fodeiture acdon or
<br /> _� proceedii►g,whether clvil or criminal,is begun that it►LendeInstrumentlor�L.ender'sisecurity inceresG Borrower may curePsch a
<br /> othe�wise materially impair the lien created by this Securiry
<br /> , �� '� default and reinstate, as provided in paragraph 18,by causing the action or proceeding to be oT otherdmaterial unPa�nnent of
<br /> �--,`,i��%'�,r"Hi_d
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<br /> ,°���;, Lender s goad faith determinatian,precludes forfeiture of the Boirowcr's interest in the p� Y
<br /> during the
<br />� :��;r:'��y the lien created by this Securiry Instrument or i.ender's securiry inu'resG Bonower shall nlso be in defanit it Boro�Q�nder with
<br /> ____ �.J�� lpan appGcadon process.gave materially false or inaccurnte information or statcments to l.endcr(or failed cn p
<br /> -�:���A:-t�,� any materud infarmation) in wnnection with the laannnci�al residenc:e.If this�Slecurity Insbtrun►nt isLon aleasehold,Bonower
<br /> ��:.�___
<br /> -I.•::,,,_.;,,;,�„� conceming Borrower's occupancy of 1he Property as a P P
<br />='-m�,:;:,�� shall comply with all the provisions of thc Icase.If Borrower ac:quires fce tide to the Property,the leasehold and the fee title sh
<br /> �':°� not merge unless L.ender a�rees to the mergcr in writing•
<br /> ""`�"� 7.ProtectIun of Lender's Rights in tl�e Property. If Borrower�fails to pe�� �nder s r shts in the�ProPerty(SUCh as a
<br />' °:_`�� this Security Insin►ment,or there is u Icgal proceectmg that may si nif'icandY
<br /> _ „� _�� p�¢ding in banl�uptcy,probate,for condemnation or forieit ana�ndec's ri�hts n the Property,I.ender snacd nsYmay inc ude
<br /> ---- — for whatever is necessary to protcc�the valuc of thc Property n � �ourt, paying reasonable
<br /> � paying any sums secured by a lien which has priority over this Securicy Insuument, appeari g h���nder
<br /> '�� attnmeys' fees and entering on thc ProP��ry to make repairs•Ald►oaSh L.�ndcr may tnke action under this parasraP _
<br /> _ _�-=� .�� -
<br /> - -_= does not havc to do so. h 7 shall becamc addiuonal debt of Borrower secured by this Securiry
<br /> _,��i„r�;,�� pny amounts disbursed by Lcndcr under this parab*raP
<br /> �`°°�"° InstiumenG Unless Borrower and Lea►dcr a�,nee co othcr tcrms of payment,these amounts shall bear interest fra�n`date of
<br />__,.;;���� disbursement at the Note rate and shall bc payable,with interest,upon noacc from L.endcr to Borrower requesting p Y -
<br /> the loan sceured bY th�s Security
<br /> �� 8.Mortgage Insurance. If L.ender reyuired mortgage insurac►ce as a condiuon of makin;; _
<br /> „Y����,���� Instrumeuc, Bonower shall pay the premiums required to muintain ihe mortgage ins�uance in effect If, for any reasan, the
<br /> _==��:�-� mortgage insur�nce coverage required hY Lender lapses or ccases to Ue in effcct,Boaower shnll pay t1►e premiuu v�ecqnnu��
<br />-��'''�'�"' obtain coverage subswntiaally eqnivalent to the mortgage insuranee previously in effect,at a cost substandally ec]
<br /> ll
<br /> :�1 �.;c'-.a�1-..: ` _
<br /> ;?.''.��'-;'' cost to Borrower of ihe mortgage insurance previously in effect,from an alternate mort�age insurer upproved by Len er. _
<br /> substantially equivalent mortgage insurancc coverage is not available,Borrower shall pay t�Lender each month a sum equal to �
<br /> . ��'"'"�� onatwelfth of�he yearly mortgnge insurance premium being paid by Borrawer when the insurance coverage lapsed or ceased tn -_
<br /> �� � ���`� be in effecG Lender will accept, use and retair► these payments as a loss rescrve in lieu of mortgage insurancc. 1.oss reserve v
<br /> � ' ' Form 3028 8180
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