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<br /> � { 97� 101�23 ,
<br /> '' S. Huzurd or Property Insurunee. Borrower shall kccp thc impruvcmentti nuu� exi+ting ur herrufler crocted un thc
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<br /> � Pruperty insured again�t Ic�s,hy firc,huxanls includcd within[hc tcnn "cxicndcd l'l1Vl'I'��;1' �IIII any uthcr hu•rardti. inrludtng
<br /> � fluudti or tluoding. lirr whirh I_cndcr rcyuircti intiuranrr. Thi� intiurancc tihall hc muintuincd in lhc am��untti and for thc periudti
<br /> � ; that Li:nder requires. Thc intiurance carrier providing the insurance rhull he ch�isen hy fiurru�vcr suh.j�ct tu Lendrr',apprervul �_..
<br /> which �hall nnt hc unrea,�mahly �vithhclJ. If B��rruwrr Ihily to maintuin rovcrurr dctirrihed ahcrvc. IAndcr may. ut l.cndrr'ti ��`
<br /> . ,�t� �iption.i�htain cuvcragc tu pu,tcct l.c�xlcr's rights in thc Pruperty in urrurdancc wuh para�r�iph 7. �_
<br /> � All insun�ncc pulicic, an�l rcncwals sh�ill hc acccptublc tii Lcndcr und +hall includc u stundard inarthal;�cluu�c. I.enJcr
<br /> ;,,.,,rr�►� +h,ill hirvc�hr rigln t�i liold thc {wli�ics:�nd renc�vul�. If Lcndcr rcquirc+. Nurruwcr shitll promptly givc tu l.cndcr nll rcccipts��f
<br /> r...,„�-�+a11� piiid prcmiumti und renc�vul nutires. In thc cvcnt uf lu,,. E�nrr�xvcr tihall lzivc pr��mpt n��ticc to�hc intiurimrc c;irricr und L�:ndcr,
<br /> lAndcr tnny nud:c pruuf uf�In,ti il n�it miidc promptly hy fl��rnnvcr.
<br /> ., Unlctis lAndcr iuul Huri�,wcr i�thcrwi,c agrcc in writing. intiurunrr prucccd�shnll br upplicd t�► reswrutinn nr rcpair ut'thr
<br /> .. � F'ruperty da�niigcd, if tlic r�htors�tinn ar rcp+iir i.cranumicnlly fcasihlc und[.cndcr'ti+ccurity is nnt Ic++cncJ. If thc restc�ratiim i�r
<br /> �• rcpi►ir is not cconumiri►Ily fcu�iblc.cir I.cndcr',,ccurity wuuld hc Icsscncd, thc insurnnrc procccJs tih+dl hc upplicd to thc+ums �.
<br /> � scrurcd by this Sccurily Inytrwnent,whcthcr or nut thcn duc, with uny cxress paid to Sorrowcr. If Borrower abundons the
<br /> Property, or does not imswer within 30 days a rn�tice from l.cnder thut[hc insurunce rurrier huti offcred to settle a claim, then
<br /> l.ender may collect the insurance proceeds. Lender may use the proceeds ro repuir nr restorc the Property or to pny sums __
<br /> • � secured by this 5ecurity Instn►nunt, �vhether or not then due. The;0-day periud will begin when the notice is given. -
<br /> � Unless l.ender und Borrowcr otherwisc �igree in writing, uny application of procceds to principnl shall not extend or
<br /> '. pastpanc the due dutc of tlic itlonthly payments refcrrcd to in puragraphs I and 2 or change the amount of the payments. If -_
<br /> under pnragraph 2I the Property is acquired by Lender. Borrower's right to any insurance policies and proceeds resulting from �
<br /> dumage to the Property prior to the acquisition shaU pass w l.cnder to the extent of the sums secured by this Security Instrument �i
<br /> •'`� immcdiatcly prior to the ucquisition. -
<br /> 6. Occupancy,Preservat[on,Malntenance and Protection of the Property; Borrower's Loun Applicetian; Leaseholds. �-
<br /> ��� $orrower shall occupy,establish,and use the Property as Borrower's principal residence within sixty days after the execution of
<br /> - . this Security Instrument and shall con[inue to occupy the Propeny as Borrower's principal reside��ce for at least one year ufter �
<br /> the date of occupancy, unless Lenderotherwise agrees in writing, which consent shall not be unreasanably withheld,or unless _
<br /> , I�.., extenuating circumstunces exist which are beyond Borrower's control. Bonower shaU not destroy, damage or impair the _
<br /> Property, allow the Property to deteriorate, or commit waste on the Property. Borrower shall be in default if any forfeiture =
<br /> ' a�slar��FrnrP��jno, whrthe.r civil or criminal. is 6eeun that in Lender's�ood faith judgment could result in forfeiture of the
<br /> " Property or othenvise materially impair the lien created by this Security Instrument or L,ender's security interest.Bonower may =_
<br />�'`y` '� cure such a default and reinstate,as provided in paragraph 18,by causing the action or proceeding to be dismissed with a ruling °
<br />''•w :�`<='�:9: that, in I.ender's good faith detemiination.'precludes forfeiture of the Bonower's interest in the Property or other material
<br /> ��;;;�:;�tl+f- impairment of the lien created by this Security Instrument or Lender's securiry interest. Borrower shall also be in default if
<br /> :,:;;•:.;; �' Bonower,durin�the loan application p7ocess,gave materially false or inaccurate information or statements to Lender(or failed
<br /> "'r=�";'� to rovide Lender with an material information)in connection wlth the loan evidenced by the Note,including,but not limited -
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<br /> _•;�:�;�,..�^y� to, representations coneerning Borrower's occupancy of the Property as a principal residence.If this Securiry Instrument is on a
<br /> ''"": leasehold, Borrower shall comply with all the provisions of the leus�. If Borrower acquires fee title to the Praperty, the
<br />�.-_�;;',;:;yq� leasehold and the fee title shall not merge unless Lender agrees to the merger in writin�.
<br />_-;��"��: 7.Protectfon of Lender's Rights in the Property.If Borrower fails to perform the covenants and agreements contained in
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<br /> -�=�: this Sccurity Instrument, or there is a legal praceeding that may significantly affect Lender's rights in the Property(such us a
<br /> ,,,,����,� proceeding in bankruptcy, probate. tor condemnation or forfeiture or to enforce laws or regulations), then Lender may do and
<br /> ____,r�� pay for whutever is necessary to protect the value of the Property and L.ender's rights in the Property. i.ender's actions may
<br /> .__""`�� include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court, paying
<br /> ,:f:_;� reasonable attomeys' fees and entering on the Property to make repairs. Although Lender may take action under this paragraph
<br />=:.f,�::r� 7, l.ender does not have to do so.
<br /> Y���� Any amou�u disbursed by Lcnder under this parxgraph 7 shall become sdditional debt of Borrower secueed by this =
<br /> -'�° Security Instrument. Untess Botrower and L.ender agree to other tcrms of payment, these amounts shall bear interest from the
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<br /> -- date of disbursement at thc Note rate and shall be payable, with interest, upon notice from I.endcr to Bonower requcsting
<br /> ,r_r,T,'�� payment. _
<br /> ""�_;r'� 8.Mort u e Insuranee. If Lender uired mort a e insurance as a condition of makin the loan secured b this Securi
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<br /> °==�;� Instrument, Donower shall pay the premiums required to maintain the mvrtgage insurance in effect. If', for any reason, the __
<br /> �����-`'- mongage insuranee covemge required by Lender lupses or censes to be in effect, Borrower shall pay the premiums required to --
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<br /> ����`°-°`�.w` obG�in coverage substantiully equivalent to the mortgage insurance previously in effect,at a cost substuntially equivalent to the
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<br /> ''°-�?�:• cost to Borrower of the mortgage insurance previously in effecc, from an alternate mortgage insurer approved by Lender. If _
<br /> � substantict!ly equivalent mortgage insurance coverage is not available, Borrower shall pay to Lender each month a sum equal to --
<br /> � ' . one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insuranee coverage lapsed or ceased to _
<br /> be in effect. Lender will accept,use anci retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve �
<br /> ,, Form 3028 9190 =
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