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<br /> � { S.Ha�rd or Pmperty Insurance. Boaower shall keep the impmvemeats aow eaistiag or he�eafrer erected an the P�opeKy ,
<br /> � , � insw�d ag,a�nst io�s by f�e.6arards included withia the fesm "eateuded coveraSe"aad anY other hazaNs.inctuding Qflnds ar .' ! _
<br /> ` , __: fl�oding,for arhich Leader�equiaes ins�rance.'Ihis insurance s6all 6e maiatained�tl�e amounts�d for the peaiods tbat Lender .
<br /> ` " ,° ' ' the insnreace shall be chos�en by Borrower subject ro Lender's approval which shail not�
<br /> . . .._..,.._ .
<br /> requ�res.'[ue;nsaYancc c�mer providmg _ ,.
<br /> . . .... . .._ ...
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<br /> - be �mreasoAably wirhhetd. If Bmmwer fa�7s w ma�n coveJage d�above. Le���'may, at Le�d�'s apiinn,abtain� -,.--i,-- .--_-
<br /> coveiage w prot�ect L.ender's rig!►ts�the Pruperty in accurdance witi�parag�aPh 7. � _ „� `
<br /> ' All insutance PuJicies and m�ewats shari be a�ce�ttaDle tn L.wder aad shaD mclude a standatd moitgage clavse.Le,nda st�ill b� . . .
<br /> � � ' 6ave die right to hold the policies and ieaewaLs.If Lender req�i�.s.Hormw�shall PmmPUp 8[ve to Leadea all reoeipts of paid � : - . •..�
<br /> . . notice w the' �c�rier and Ixuder.L�d� � ,•,`--
<br /> � ' p�mwns and ceaewal uosices.In the event of loss.Boaower shall give PromPt °""„�"p -- .
<br /> � , may wake proof of ioss if not made pmmptly by Bosmwer. `,�
<br /> . � `'� Unles�Le�tder aud Souowea othe�wise agree in wri�ng,�ce proceeds shaII be applied tn restoiatinn or repair of the�
<br /> ' PmpertY damaSed,if the resooration ar re,pair is ecanomicalty feasiele and Iffidea's seanriry is not lessened if the reswration or � _
<br /> cepair is uot ecanamicaIIy fe�le or LEndet's saanrity wonld be Iessene4 the msarance Pmceecls shall be applieQ m the sums :�.�:,
<br />°.' secureS by tlus Security Iasonimeat�whether�not then dae,with anY excess Paid to Barmwa. If Borroara abandons the :`=�"`..
<br /> :.,,�,,;
<br /> ptupeny,ar daes uoi ans�wer wiih�30 days a notice from Lender that the imstuance�has offeae�to seute a claim.then . ;. �-:
<br /> Leader may co]lest We insurance praceeds.Lemdea maY ose the proceeds[o repair ar restore the Pmgeny or to pay sums secured . , .:
<br /> _ . wtll begin when the aotice is given. :'��
<br /> by this Sec�ity Insaum�t,wheiha or not dten due.The 30-day peQOd - �"`-
<br /> � • - Untess L.ender and Batmwer osheiwise agree in wriUng,anY applic�an of pmceeds w priaapal ssdall not eutend or postpone .. ;;�:�--
<br /> . . �. the due date of Qie monthly paymentg tefeamd to in�g�ap � _-- �`"
<br /> -- � � hs 1 amd 2 or chan e the amonnt of the paymenta.If uadea pazagaph _ . �...--
<br />- , 21 the Property is acquised by LaWa,Bormw�'s rig6t tn any insurance policies aad pioceetls re.sultmg from dau�age to the - ,--.-��'
<br /> . ' . �P�Y P�to the ac�ciuisitiou sdali pass to I eudea to the ea�tent of the s�ms secaued by ttais Security Ins�nent immediatcly . . . ; :�'.._,_
<br /> - ' psios w the acquisitian. -
<br /> 6.Q�capanc9.Presernatton,Maintenance and Protectton of the Pruperty, Borrower's Loan Application;I.ea4eholds. �i .1'..;
<br /> .;�,. . Boimwer shall accupY,establish,and use che Pmperty av Bormwe,r's prbncipal residence withia s�cty days aft�a the execution of .._.. ,.
<br /> � � this Security InsGCUment and s6ari cantiaue tn accapy t�e Propecty as Barmwer's priucipal�esideace for at least ane year aftea the 4 � '
<br /> f •.. r f �
<br /> . '. date of accapancy+, unless Leadex otheaarise agrees m writin8,which conseut sdall not be wueasonably withhetd,ar unless . ,,'a
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<br /> ,. extenaating cu�u�tances exist whicL are beyrond Borrowe�s controL Bormwer sLall not destroY,damaSe or impaa the Propeary, ;` 'j�%:;���
<br /> a11ow the Pmpeny+ tn deteriataie, or commit wasta on ttte P�copeaty. Bamower sball be in defantt if any foifeihuc acxion or �'�'_;
<br />_.r; • .
<br /> proceeding,vifiether avil or criminal,is began that in Lead�'s good faith jadgmea►t coWd iesWt in forfeiuffe of the Ymperty ur ;:,r�--�
<br /> • ' . . otheawise mateaiallY imPair the lien created by tttis Seaaity Instrament or Leader's sepuit}+mterest Bormwer may aue sacb a ' . . :�'%�'..
<br />"`�, � IS.b caasm the action or pmoeeding w be dismi�sed with a niliag d�a2.in �:L`.'
<br />;��; . defauit aad reinstate,�provided in pata�apb Y S <. :-�''
<br /> I,eader's gaod faitb determinatiion,Precludes forfeiwre of the Bo�rower's interest in the Propeaty or other matErial impairmcnt of ,,:;:
<br /> .. the lien created by this Seauity Instrument or Lender's security interest.Bottuwea sl�all also be in default if Bo;rower,duw►8 tfie '..:;,�_,
<br />• . loan applic�tion pmcess.8�ve mauaially faLse or inaccarate infomiation or statements ro L�ender(or fa�7ed w provIde Leatdea with � '�: f�-:.
<br /> : ' ,,, .,,,.
<br /> any material infarma6on) m connection arith the loan evidenced by the Notc,iacludin8, but noi limited tn,representalions ' • .,; _�:',
<br /> ` . concerau�g Borrower's occupancy of the Propeacy as a principal resideace.If this Seciaity Insfiument is on a teasehoId,Boimwea �. . �:�'�:�;.
<br /> `� � � shall comply with all the provisions of the Iease.If Borrower acquires fee a de to t he P r o p e r c y,t he t e a g e h o l d a n d t h e f e e ti 8 e s h a ll • ••. �`'3=
<br /> _ ��. "--
<br /> not meage�2ess Lendes agrees to the merger in writing. . <,�`
<br /> � 7.Prot�bton of Lender's RlgLts in the Property. If Bo:mwer fails to peafom�the covenants and agreements conmined ia , . .•,;.,;.:,
<br /> � this Security Ins�ament,or thae is a tegal Pmceedin8 that may significantty affect Lender's rights in the Propeaty(sucb�a . .;�Y�?t:
<br /> '� proceeding in banlQUptcy,probate.for condemnation or forfeiture or w enforce laws ar regutariong).then 1�endes maY do and pay , . _;�..-;
<br /> � for whauwer is necessaryr to protect the value of the Property and Lender's righm in the pirop�ty.l.ender's a�rinns maY irtclude , . _.
<br />_.�.:� , ' payinS anY sums secured by a lien which has prioriry over tltis Securiry Insuument, aPFearing in coun, PaYinS reasonable .
<br /> auomeys' fees and entering on fhe Property to makc repairs.Nlthough Lender may talcc acaon vnder this paregraph 7,Lender
<br /> _;.�. :
<br /> ;� � - does not have to do so.
<br /> . Any amounts disbursed by Lender under fhis par�graDh 7 sfiall become additional debt of Bmrowe,r secureA by thls Security . ,
<br /> � � Instnunent Unless Bonowes and L.ender agree to o'her tea�na of payment,these amounta shall bear interest from the date of
<br /> .• .' disbursement at the Note rate and shall be payab�e,arith interest,aPon notice fmm Lender to Boirower requ�g Dayment. ' .
<br /> '" S.Mortgage Insurance. 1f Lender required mongage insur�oe as a condition of making the loan secared by this Ser�ity �
<br /> •; ? . Inswment, Boaowec shall pay the premiums requiced tn maintain the mortgage insurance in effec� Jf. for any reason, the .
<br /> - ' mortgage insuianse coverage required by Lender lapses or ceases to be in effecb Borrower shall pay.the piemiums req�ired to � • . .
<br /> � � obtain covraage substantiaUy equivatent to the mortgage insurance previonsly in effect.at a wst substandally equivalent tn the ; .
<br /> �." cost to Boirower of the mongage insu�ance previously in effez�hom an altranate mortgage insnrea approved by Lender. If :
<br /> substantially eq�ivatent mortgage insurance covea�age is not available,Bormwra shall pay to Lender each month a sum equal to .
<br /> '' on�twelfth of the yearly mortgage insurance pm,miiun being paid by Borrower when the insu�ce coverage laDsed or ccased to
<br /> , be in effect. Lender wiU acccp�nse and retain these payments as a los� rescrve in lieu of mortgage �nsurance. Loss rescrve , .
<br /> ' Form 3048 9l90 .
<br /> :. (�-8R(NE)tga�2�.o� Payo 3 018 inmais: '
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