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<br /> • , 1 S.HaTard or Fmperiy Iasurance. Borrower shall keep the impmveinenis aaw existing or hereaftez erccted on the Property ,
<br /> � � � insurcd agaiagt loss by fue.6azaNs insluded withm the te�ru►"eateaded coverage"and any other haTards.includin� floodt or . ': .
<br /> ' - � f�ooding,for nlhich Lender requires insurance.'This insivauce shall be ma"�ramed in the amounts and for the periads t�at Lender ���•`
<br /> . � requires.'Ihe insurance caai�r pmviding the insurance shall be chosen by Borrower subject to Lender's approval which shall not
<br />-- - ;--, � be vn�easoaably withheW. If Botrower faiis to maintain coverage described above, Lender may.at I.cnder's option.obiain _ _ _ _
<br />_ ; ` � cove�age to protect Lender's rights in the Property in accordance with p�agrdph 7. .
<br /> .: . . � qU insivance policies and re�ewaLs shall be acceptable tn Iander and shail include a standard raartgage clause.Lender s b a ll ,
<br /> have the right to hold the policies and renewals.If 1�ader re9uires.Bomna+er shall Pmmptly give to Lender all receipts of paid
<br /> '��� � • ` ' premiums aad reuewat notices.In[he event of losg,Borrowea sball give prompt notioe w the insvraace ca�rier aad Lcatder.Lender � `<_`�� - -_
<br /> may make praof of loss if not made promptly by Bonowu. � 'i`
<br />�,: , ' � • '` , Untess L.eader and Borrower otherwise ag�ee in writmg,insuiance pracxeds s6aU be applied to restoratinn or repair of the ,.� `.; ;�:
<br /> `` . • ` � �P�Y�5�,if the testoration or re,pair is economicaily feasib2e and Lendet's s�uity is Qot les.tened.If the restn�ation or . :.,::±�,.�'
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<br />�:. repair is not ecottomicalty feas'ble or Letider's security would be lessened,the insivance pmoeeds shalll�e apPlied to the sums
<br />-,: �e< � secured by this Security Iastiumeat, whether or aot the�dne, with any excess paid to Bomnwer. If Borrower abandons the : "�''P"":--
<br /> '� PioPeny.or dces not answer withia 30 days a notice fmm I.ender that the iasurance c�ries has offeaed to seWe a claim.then :
<br /> ?:. ` I.ender may oollect the ins�uance pioceeds.Leader may use the pmceeds tn repair or mstore the Propenj►or ro pay sums se�ued -
<br /> e` � • ' ` ( by this Security Instruwent,whethea or not taen due.'I7�e 30�day period w�l beg�when the notice is given. ; �; i:`: -
<br /> A�, ", . (. � v-
<br /> {; . Ualess Lenda and Bosrower otheawise agrce in writing,any application of praceeds w prmcipal shaD aot extend or pastpone
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<br /> � the due date of the manthty payments�femtl to in paraSraPl�s 1 and 2 or chauge the amount of the payrueats.If�mdea pazagiaph � . z.•.
<br /> �- . . . ... 21 the Property is acquired by Lender,Bor�cowei's righi tn any �ns�uance policies and pmceeds res�Iting from damage W Ihe r.:� ��_
<br /> ��: 'n _'-,j.,�,•3;�.
<br />.�'. , � _ ProP�Y Pnot w the acquisition shall pass to L.ender w the eatent of ihe sums seaued by this Security lnstrument immediately „.,; -�''�`-
<br /> -- . , prior w the acquisition. ' , , "�-
<br />_ ' ' 6.Occapancy,Preservation,Majntenance aud Protectioa af the Property; Borrower's Loau AppGcation•l.easeholds. `
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<br /> - - . , yt Barrowe.r shnll axvpy,establish,and use the Property as Borrowei's principal residerue withm saty days aftear the execution of , •`.;��`
<br /> �;�-. • � Wis Se�auity Instrument and st�all continue to occupy the Ymperty as Borrowea's principat residence for at leagi one year after the ��`•�'
<br /> - . . datE of occupancy,untess Lender otheivvise agiees m wr�g, which concent shatl not be unreasonahly withheld,or unless ' �-;'�---`
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<br /> � extenuaring circum�rances exict w6ic6 a:e beyoad Bonowa's control BomPwer shall noi desuoy,damage or impau the Propeny, �t :�F ':
<br /> � � •�•= alIow the Properdy w deuxioratc,ar cammit waste on the Property. Bcsssawer shall be in default if any forfeit�e acdou or ., }E,=s=�=_
<br /> . praceeding,wheEhPr civil or criminal,is begun tbas in I.ender's gaod faith ludgment could resuIt in f�feidue of tde Property ar -f:� : .';:�;
<br /> �-_. o�herwise materiaity impair�he tien aeae�l by�his Secaricy inswmenc or Lender's secarity mtcrest Borrower may cnre sach a -.
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<br /> defanit and reinstate.as pmvided in h 18,by�u►g the acoion or c�g tn be dismissed with a nilin that,in '��
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<br /> �,,:� . Lender's good faith det�amina5on,precludes forfeiUUe af t�Bormwer's interest in t�z Psoperty or othe.r material impaIIment of ,`;�:,:., �= •,��
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<br /> `; . the lien creared by this Security In�trume,nt or Lend�'s seanrity interes�.Borrower shaa atso 6e in defautt if Borrowea,during the -�-�-
<br /> � toan applicarion pracess,gave materially false or inaccurate information or statements to L.ender(or fa�ed w provide Lender with ,• ' �=�+<.
<br /> . any material inforaiation) in connection with the loan evidcnced by the Note, including,bu!not limited to,represeatatioas � . , :'y'`
<br /> • cor.^.�eraing Borrower's accnpancy of the Property as a principal residence.If this Security Insuument is on a teasehold,Bormwer � � �`•����`
<br /> � � , � shaU comply with all the provisions of the lease.If Borrower ae;quires fee tiile to ihe Property,the leasehold and the fee dde shall t . . -�.__
<br /> .. , nat meage untess Lender agrees to the merger in writing. � �
<br /> ` 7.Protection of Lender's Rlg6ts in the Property. If Boaower fa�7s tn perform the covenants aad agreerrcents contained ro . :,.��'
<br /> . this Security Insat:ment,or there is a legal praceeding that may signiticandy affect Lender's rights�the Praperty (such as a r�`,_
<br /> • . '. "� prt�c�eding ir_bankruptny,probate,for condemnadon or forfeiwre or w cnforce laws or reg��tations),then Lendca may do and pay � �� ,
<br /> • ' for whatever is necessary w pr¢.ect!he value of the Property and Lender's rights in the Property.l.ender's actions may iaclude t':,;f�' �� ; '
<br /> �'�� � paying any sums socured by a lien which ha4 priority over this Security Insuument, appearinS in court. PaYmg reasonable , .
<br /> • anomcys'fees and entering on the Property w make repairs.Atttwugh Lender may take ac6on under this paragraph 7,Lender � � �
<br />: • �� does not have tn do so. .. � �
<br /> .,. � ; � My amounts disburscd by Lencler under this paragraFh 7 shall bccamc additional debt of Borrower sc�cured by this Sccurity , '
<br /> _; lastrument Unlcss Borrowcr and Lender agree tn other�.�rms of paymcnt,thesc amaunis sltall bear interest from thc date of . ;
<br /> t: �� disburscmcnt ai the Notc rate and shaU be payable,with intacst,upon notice from Lender to Boaower reguesting payment
<br /> r S.Mortgage Insurance. If Lender requ'ued mortgage insurance as a c�ndition of making thc loan secured by this Security • •
<br />_ �'�:�f Instrument, Borrower shall pay thc pram��s required to maintain the mortgage insnrance in effect If. for any reason,the •_ .
<br /> -�.i '� mortgage insurance coveragc required by Lender lapses or ceascs to be in etfeci,Borrower shail pay the premiums required to . _ �
<br />' � obtain coverage substantially equivalent w the mortgage insnrance previously in effect,at a cost substantially equivalent to the
<br /> ':�:i . cost to Borrower of the mortgage insurance pteviously c� effect, fmm an aItemate mortgage insurer approved by Lender.If � '
<br /> . � substantially equivalent mortgage inswance coverage is not available,Borrower shall pay to Lendet each monih a sum equal Oo ' . .
<br /> onatwelflh of the yearly mongage insurance premiwn�eing paid by Borrower when the insurance coverage tapsed or ceased to
<br /> ._ - be in effcct. Lender wi11 accept,use and retain these payments as a loss raerve in lieu of mortgage insurance.Loss reserve . .
<br /> Form 5028 9190 � .
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