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<br /> • , �✓. Ha�rd or Property Ia�asance- Borma+er shall keeP the �mPI°vemenis now existing or hereafter erected on the
<br /> '< f �- propeny insared against loss 6y fire,hazards included within the term 'extended co�erage" and any other hazards. induding � �
<br /> '• -•- .-�`' tioods or flooding,foz�tthich I.ender tequires insusance•This�nc�ransP shall be maintained in the an►ounts and for the periods � ,,'
<br /> �' �;:,,'y,, �t L�nder sequims. The insurance carrier providing the insar�ce shall be chosen by Borrower subject to Lender's approval -' �t< �r �
<br /> �'���'''`'"'-``` ` �shich sha11 not be»�*��nably withheld. If Bomnwer fa�1s W maintain coverage descn'bed above, Lender may, at l.ender's ', �: ` -'
<br /> ,� �t:�,. ` � �
<br /> • optisn,obtain coverage Eo protect Lender's righu ia the Pmperty in accordance with pazagraph 7. , �.,`;f
<br /> ` � . .`j pu;•+�TM�•+os policies aad renewals shall he accePtable to L.ender and shall include a standard mortgage clause. Lender ,. . �` ,�,
<br />- . '�•�; shall have the right to hold the policies an d rene w a ls.[f L e n der requires.B o r r a w e r shall prom ptl y give to Lender all receipts of
<br />` , . 'i paid premiums and renewal notices.ln the event of loss,Borrower shall give prompt notice co the iruurance carrier and L.ender. .',��� _`i
<br /> 4 • � ' Lender may make praof of loss if not made prompdy by Borrower. � • �° ":'r�'
<br />�4. .�� ...
<br /> � �'; Unless Lender and Botrowec otherwise agree in writiag,ins�rance Pro�e�s sha11 be app3ied to restoration or repair of the , �� �
<br /> �°ti• � property damaged.if the restoratian or repair is eeonomicaUy feasible and i.ender's security is not lessened. If ihe rescoration or �L; ''�;_-` :
<br />_ ' , .. repair ia not economicafly feasibte or I.eader's securiry would be lessened,the insurance praceeds shall be applied to the sums ...��=_
<br /> • secured by t6is Sewrity Instrument,whether or not then due.with any excess paid to Borrower. If Bonower abandons the ,'� �`�'"�".�
<br />;�� � � - Propesty,or daes aot answer withia 30 days a aotice from l.ender that the insurance carrier has offered to settle a claim. [hen • `� `4•�—
<br /> � . Lender may collect the insurance praccxds• Lender may ose the proceeds to repair or restore [he Property or co pay sums F _—_
<br /> �_-,
<br /> ,< { ' . . _. seeuted by this Seauity Instrument,whether or not then due.The 30-day period wil!begin when the notice is given. � ���*�-
<br /> ' � ' •- Unless Ixnder and Bormwer othetwise agree in writing, any application of praceeds w princiPal shall no[ extend or .' j �
<br /> .:-� � • ', postpone the dtte date of the inonthly paymenu referred to in paragaphs 1 aad 2 or change the amount of the payments. If , •
<br /> '-�' , under patagraph 21 the Property is acquired bY Lender•Bo1TOwer's right to any insurauce policies and proceeds resulting from �
<br /> .;�
<br /> `c:�� . f the sums secured b this Security Instrument �'�_
<br /> damage to tbe Property prior to the acquisition shall pass to Lender to the extent o Y . . . . �:-:'J i F
<br /> . : � it�ediately prior to the acqeisidon. -
<br />. � . • 6.pppipaacy,presetvation,Maintenauce and Proteetton of the Properiy;Borroevec's Loan Application;Leaseholds. -, . �'��j,,��:
<br /> � ' � � Borrower shall occupy,establish.and use the Property as Borrower's principal residencc within sizty clays after the execution of : � • . �,'�
<br /> ' ` . _ � this geauity Instrument and sha11 continue w occupy the Pcoperty as Borrower's principal residence for u least one year after : �'����.�,;i�f_�
<br />;,:�: .
<br /> ; . the�e of oocupancy,unless L�ender othem+ise agrees ia war_.ing,which wnsem sHa11 not be uareasonably withhe�d,or unless .�s..., , • ,ii.�.•:
<br /> ,.,.. �_
<br /> • � ext�aabng c�rcumstances exist whicb are beyond Borrozvrr's conuol. Borrower shall not destroy, daznage o: impair the • ��,,��
<br /> �, � pmperty, allow the Property to deteriorate, or comtnit waste on the Property. Borrower shall be in default if any forfeiture , • .
<br />.• ; • action or pmceediag,whether civil or criminal,is begun that in Lender's good faith judgmenc wuid result in forfeiture of the ;�`'�:�
<br /> . ' � Pceperty or otherwise materially impais ihe lien creaced by s:�is Security Instn�ment or Lender's security interest.Bosower r.iay ._ _ -__
<br /> -E eure suc]i a default and reinstate,as provided in paragrapb 18.by causing the acdon or proceeding to be dismissed with a ruling , .�•; t:r,�'
<br /> , ' ._ ,i t6at, in Lender's good faith determinarion, precludes forfeiture of the Borrower's in:erest io the Property or other material :�, • _
<br />- - .��� impairment of the lien created by this Secursty Insuument or Lender's security interest. Bonower shall also be in defaulc if , _���'
<br /> • ,i Boaower.during the loan application process,gave materially false or c.accurate information or statements[o Lender(or faile.� •. ,�;-?'f:'
<br /> � '� to�mvide I.endet with any material informatlon)in connection with the loan evidenced by the Note, including,but not limited ,�_'
<br />=�'I. --- �"}` w.�resentaiions concernin�Boaower's occupancy of the Property as a principal residence.If this Security lnstrument is on a = -•� .'_ .�--
<br /> • • le�s�old, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee tide to [he �r3�erty, the ��^
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<br /> = :� .��. teas�hold and tLe fee title shall not mecge unless l.ender agrees to the merger in writing. : • � ';y;'..
<br /> `` � � { 7.Protectton oY Lender's Rigl�ts in the Froperty.lf Borrower fails to perform the covenants and agreements contair.�isi :. �.�.:'
<br /> . . � � '� ' . _�•_-
<br /> tfiis Security lnstrt�ment,or there is a tegal praceeding ehat may significantly affect Lender's rigMs in the Property (such as a
<br /> � proceeding la bankr�ptcy,probate.for condemnation or forfeiture or to enforce laws or regulations).then Lender may do and , 1 .
<br /> ���' • ' �.(. pay fot whatever is necessary tn protect the value of the Property and I.ender's rights in the Properry. Lender's actions may � ;
<br /> include paying any sums setured by a lien which has priority over this Security Instrument, appearing in court, paying
<br /> reasonable attorneys' fees aad entering on the Property to make repairs.Although Lender may take action under this paragra;,�
<br /> � � . . � 7,Lender does not have to do so. � . ..
<br /> Aay amounts disburseA by Lender wtder this paragraph � shall become additional debt of Borrower setured by this
<br /> Securiry Inswment. Unless Borrower and Lender agree to other terms of payment.these amounts shall bear interest from the •
<br /> � date of disbnrsement at the Note rate and shaU be payable,with interest, upon notice from Lender to Borrower reyues�:�g
<br /> _:.i ��. _J payment. •
<br /> -__, i 8.Mortgage Inswaace.lf Lender required mortga�e iac��rance as a condition of making the loan secured by this 5ecurity
<br /> lnstrument, Bonower shall pay the premiums required to maintain the mongage iasurance in cffect. lf, for any reason, thc
<br /> mortgage insurance wverage required by Lender lapses or ceases to be in effect. $orcower shall pay the premiums required to
<br /> ,:, • ' obtain wverage substantially equivalent to the mortgage insurance previously in effect, at a cost substantially eyuivalent to the . •
<br /> • � cost to Borrower of the mortgage insurance previonsly in effect. from an alternate mortgage insurer approved by Lender. If
<br /> � ' . ' � substantially equivalent mortgage insurance coverage is not available. Borrowcr shall pay to Lender each month a sum cqual to . . � .
<br /> - � { one-twelfth of the yearly mortgage insurance premium being paid by Banower�vhen the insurance coverage lapsed or ceased to . _ .
<br /> ,„'. • ; be in effect.Lender wi11 accept.use and retain these payments as a�oss reserve in lieu of mortgage insur.�na:. l.oss rescrvc •
<br /> � Form 30Z8 91�Q'f �
<br /> •, � �•6VINEl i9z�z�o� Oa�e 3 0�6 ��,�w�e K F�L.��' ,
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