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<br /> e9 1Q1422
<br /> 5.liazard or Property Ins�rnnce. Borcov�cr shall kcep thc improvementc now cxisung on c�rc�[cr�cctcd on thc Propeny
<br /> � inaured againat loss by fire,ht+z�+rds included within the term "eatende4 coverage" and any other ha.cuds,including floods or . „
<br /> :� floading,for which L,endcr rcquires insurnnce.Thls insurancc shall be mninmincd in thc amounts and for thc pcdods that Lender
<br /> � requues.Tha insurence carrier providing the Insurence shall be chosen by Borrawer subjcct ro Lender's approvul which shull not
<br /> bc anrcasonably withheld. If Borrower fuils to maintain coveragc descriUcd abovc, L.ender may, at Lcnder's option, obtnin
<br /> coveraga to protect L.ender's rights in the Property in accordance with paragraph 7. •
<br /> All Insurnnce policies and renewels shell be acceptable to Lender and shall include a standard mongage clause.Lender shull � .
<br /> hava the r�ght to hold the pollcies and renewals.If Lender requires,F3orrower shell prompUy give to Lender all receipts of paid , �--�=-
<br /> premlums and rencwal nouccs.In the eventof loss,Borrower shall givc prompt nodcc to the insurance carrlcr and Lendcr.I.ender �� •,�:;�II_�
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<br /> may meko proof of loss if not made prompdy by Borrowcr. . ,_;_^•
<br /> Unless L.cnder and Borrower othcrwise agree in writing, insurnnce procceds shaU be applicd to restoration or rcpair of the �L.,�____._..
<br /> Property damaged,if the restoration or repair is economically feasible and Lender's securiry is not lessened.If the restoration or , �.,,T�_
<br /> repair is not economically feasibie or I.ender's security would be k;ssened,the insurance proceeds sha11 be applied to the sums . _
<br /> • securcd by this Security Inshument,whe�lier or not then due, wi�h eny cxccss pald to Borrower. If Borrower abandons the _ __
<br /> Praperry,or does not answer within 30 days a notice from Lender thnt the insurance carrier has offered to settle a claim,then -
<br /> L.ender may wlle�t the insurance proceeds.L.ender may use the proceeds to repair or restore the Property or to pay suma secured • �
<br /> by this Securiry Instrument,whether ar notthen duc.The 30-day period will begin when the noticc is given. ,_<<„��:-
<br /> Unless Lende�and Borrower otherwise agree in wridng,any applicaflon of pmceeds co prir►cipal shall not extend or postpone -;
<br /> the due date of thc monthly payments refecred to in paragraphs 1 and 2 or change the amo�u►t of 1he payments.If under paragraph .; ,.�•�
<br /> 21 the Property is acquired by Lender, Borrower's dght to any insurance policies and pracceds resulting fiom damago ta the ?��
<br /> Property prior to the acquisidon shaU pass co Lender to the extent of �he sums secured by this Security Insmiment immediately _ �
<br /> � pdor w the acquisldon. --
<br /> 6.Occupaucy�Preservadon,Maintenaace and ProtecHun ot the Property; Borrower's Loan ApplicaHon;I.easeholds. ,-
<br /> Banower shall occu�y,establish,and use ihe Property as Borroww's principal residence within sixty days after the execudon of - -
<br /> - „ - �his gecar;iy in,inuueui+��d�t��lt�nur.ue�c �:.upy�hc Pratxrsy W°t'oRe`•'•'e-'�s F*�nripal r�nidence for at least one year after the �-
<br /> . datr, of occupancy, unless Lender otherwise agrees in wriang, which consent shall not be unreasonably withheld, or unless �
<br /> eatenuating circumstancc;s exist which arebeyond Borrower's conuol. Borrower shall not destroy,damage or impalr the Property, ��:
<br /> allow ihe Property to deteriorate, or commit waste on the Property. Borrower shall be ir► default if any forfeiture ucdon or
<br /> proceeding,whether civil ar criminal,is begun that in Lender's good feith judgment could result in forfeiture of ihts Property or
<br />- atherwise materially impair the lIen created by this Securiry Insuument or Lender's securiry interesG Borrower may cure such a
<br /> ' � default and reinstate, as provided in paregraph 18,by causing the acuon or proceeding w be dismissed with a n�ling that,in '�--
<br /> , ,. Lender's goal feith determination,precludes forfeiture of the Borrower's interest in the Property or other materlal impairment of �i==
<br /> , .�� � the Lien created by this Security Insirumentor Lender's security inteaesG Borrower shall also be ln default if Borrower,during the
<br />- lonn applicadon process,gave materielly felse or inaccurate informaaon or statements to Lender(or failed to provide Lender with _ _
<br /> any material information) in connection with ihe laan evidenced by the Note, including, but not limited to, representadons
<br /> T��x���;� �'=� concem{ng Bomnwer's occupancy of the Property as a principal residence.If this Security Insirument is on u leasehold,Boaower ��_�
<br />;,':°;*' �;�'a, •
<br /> 3_,_. �, .�. . shall comply with ell Ihe provisions of the lease.If Borrower acyuires fee title to the Property,the leasehold and the fce dda s _
<br />�•4•-�;., •,� not merge unless Lender agrees w the merger in wrlting. --
<br /> °'' "� . 7.Protection of Lender's Rig6ts iii t6e Property. If Borrower fails co perform the covenants and agreements contained ln = _
<br />_r�,��� this Security Inswment, or there is a legel proceeding that may significantly affect Lender's righis in the Property (such as a =G
<br /> -_ :., _° prac�octing in bankruptcy,probate,for condemnadon or forfeiwre or to enforce laws or regulations).then Lender may do and pay —_.__ _
<br /> � ' � for wiiatevee Is necessary to protect the valee of the�perty and Lender's rigl�ls in Qie Prop:.ny.Lender's acticns may inciude �^ ��,_�; -
<br />_ �•'`�� "�`• paying any sums secured by a lien which bas prioriry over this Security Instrumcnt, appearing in court, paying reasonable �.,.,
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<br /> -�.;..�..�- -.. attomeys fces and entering on the Prope�ty to make repairs. Although L.ender may take act�on undcr this paragraph 7,Lender _
<br />-=������ does not have to do so. �.
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<br />-�:�';';,�;�: "� Any amounts disbursed by Lender under this paragraph 7 shall become additionel debt of Boaower secureti by this Security : =_ —
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<br /> - r• ..,.+.. . InsuumenG Unless Borrower and I�enaer agree to other terms of payment, these amounts shall bcar interest fram the date of ___ _
<br /> • ' �� disbursement at the Note ratc and shall bepayable,with interest,upon nouce from Lender to Borrower requesdng payment ��.�-.
<br /> J . • lif��l�l[r�e.�.-
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<br /> . 8.Mortgage Insurance. If L.ender required mortgage insurnnce as a condidon of making tlie loan secured by this Security .,L� -�`•��- , a,�
<br /> , Instrument, Boirower shall pay the premiums required to maintain the mortgage insurance in effect. If, for any reason, the •�t� -
<br /> _ �� mortgege insurance coverage required by L.ender lapses or ceases to be in effect, Borrower shnll pay the premiums reqnired to �"��%'
<br /> r.�, �:�'�'�';
<br /> obtein covecage substantially equivalent w the mongage insurance previously in effece.at a cost substAnflally equivalent to the ..'.�:,rY,:.r_,.�^,r..,..
<br /> cost to Borrower of the mortgage insurance previousl m effect, from an altemate mongage insurer A proved b I.ender. If ''�"` ` �-��
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<br /> subsmntixaUy equivalent mortgage insurarx coverage is not available,Borrower shall pay to I.ender each month a sum equul to ,� � �-�°��""�'"'
<br /> one-twelfth of the yearly mortgage insurance premium bein�paidby Borrower when the insurance c:overage lapsed or ceased to _ �=,��:,�'"';`:""
<br /> � be in effecG L.cnder will accept, use and retein theso payments as a loss reserve in lieu of mortgage insurance. Loss reserve -
<br /> � Form 3028 9190 •
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