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<br /> 5.fiaasrd or Property Iusuraec� Bomiwrr shall kecp the impmvcmeats now eaisting on c�rcaftcr erected ou the Property , . , , `• �-
<br /> ' • insured againsY toss by fire.ha7ards induded within the tem� "e�ctended cova^age" and any athcr t�azards.including ftoods ar • '
<br /> ` • ; . tlaoding,for wdich Lender requires insivance.lhig insvrance shail be maisttained in the amaunts and for the peaiods that lendcx
<br /> ` � i reqttires.lhe insurancc c�rriec providing the ins�uance shall be chosen by Bonower subject to Lender's approval which shall not . .. �
<br /> • . • be anreasonabiy withhetd. If Borrower faiLc to mai.atain coverdge dexribsd above, l,euder may, ac Lender's option. obtain - " �
<br /> -------- - coveiage tn pratect�'s rights in the Pmperty in accordance witb pacagraph 7. ---� —;-._--
<br /> _ : All u�s�uance policies aad renewats shall be acceptab�e ro Lender and shall inctude a standard mortgage clause.I.ender shall .-` �
<br /> . • i have the right to twld ttte poliaes and reaewaLs.If I�endea requires,Boaower shall prompdy give to Lender all receipts of paid � .� �
<br /> � •� f pmaniums and renewal nolices.In the event of 1oss.Borrowex shail give pmmpi notice tn the i,,.,,.��ce caaiei and Lettder.Leader � � � -
<br /> ' • . �� may make groof of loss ff aat made promptly by Bo�rowea. � .._. f.
<br /> , .� Unt�ss Leader and Borrower otherwise agree in writing,�ax pmceeds shall be applied to�ation or repafr af the �. • '
<br /> . Propeaty damaged.if the restoration or repair is economicaiiy feas�2e and Leadea's sec�uity is not le.ssened.If ti�e r�ation or .. . ` .
<br /> iepaa is not economicaIIy feas�ste or Leader's secmity woatd be lesseued,the+n�++�*+ce praceeds sdall be applied w thee sums � .,�,..-.:���
<br /> ' secured by this Security Insmiment, �vhether or not then due. wirh any excesg paid to Borrower. If Borrowe�abandons the -
<br />_ • Property,or does not answea withu�30 days a nofice from Lender that the ins�uance cazriea has off'ezed to seute a clann.then �" . `��._.4�.
<br />. , • • Lender may collect the insuranee proceeds.I.�der may use the proceetls w repair os reswre the Praperty or tn pay sums s�ecured ". . —
<br /> . • by this Security Instrument,whether or not then due.'Ihe 30-day peaiod w�l begin wtcen the norice is given. - "_
<br /> • . UnIcss I,e�der and Boaower orheiwise agree in writing,anY aPPlication of pmceeds w princ�al shall not a�d ar posspone
<br /> the due dare of the monthly payments refeaed w in paragraphs 1 and 2 or change the amount of the payments.Jf und�patagraph `� �,. :i'-R ''
<br /> � 21 the Property is acquired by Lender.Borrower's rig6t w aay insara�tce policies mmd pmceeds resvltiag ftom damage w ihe , `°.---
<br /> rac
<br /> . �P�l+Frior w the acynisition shall tn ieudrr to the extent of[he snms secared b this Seaui Lisuumeat imraediatel . � �.�r''�`x
<br /> . � Y tY y _.,.�F��,�
<br />. prior m the acquisition. �
<br /> 5•Oocapancy.Pres�rvatlon,Maintenance and Protection of We Pro pp � '''#�`��
<br /> Bonower shall Pei�9: Borrower's Loan A �eation;Leaseholds. �" x;°s
<br /> �PY,�blish,and use the Pmpe�ny as Bonowea's principal revdence wirhin si�ty days after�e execution of `�.�`
<br /> �.'�ty,=;�;�;-:
<br /> - this Seauity Iastcumeat and shall continue to occupy the Propeaty as Bormwer's prineq�al residenee for at least oae year afrer the � f -;-T :'.
<br /> � date of o S� S y ��� "'
<br /> . ccupancy. �mless I.euder othelwise a in wridn , whicb consent sha11 not be uareasonabl withheld. or nnless ._..rg;,;�:
<br /> - , e�eauating c�raunstauces��ast which are beyond Barrower's control Bormwer shall aot destroy.dama8e or impair the Properly, � . ' �,.',•:;:::i;
<br /> ' allow the Propesty to deteriorate,or commit waste on tbe Progeny. Bnaowec shall be ia defanIt if any forfeiwre ac�ion or �, t�'' ;
<br /> .. . proceeding,whethcr civil or criminal,is began that in Lender's good fait6 j�dgment co�td msali in farfeiwre of ihe Propeaty or r;
<br /> . otheawise matriially impair the lien created by this Security Insirument or Lendea's security inteaest.Boirowe.r may cure such a �`"��,
<br /> : ;:.
<br /> . defaWt attd reinstarc.as mvided in � ` ��:,'�`
<br /> P P�S�Ph 18,by cat�sing We action or proceeding to be dismissed witb a tul�g that,in •, �L•s.
<br /> ' Lendea's good faith detea�nination,precludes fodeiwre of the Borrower's inteaest in the Pmperty or oiher mateaial impaumem of " ��:e--�
<br /> ' thc lico cteated by this Sectuity Instrume4t or Lender's security interest.Borrower shall aLso be in defauIt if Borrower,d�ing the . . . � �'��
<br /> , .' _ loan apptication pracess,gave materiaUy false or umaccurafc informarion or statements m Lender(or failed to provide Leadea wiih --
<br /> , ' any mat�erial infom�a6on) in connection with the toan cvidenced by the Note. inclading, but not limited to. representations 'i'��`
<br /> conce,rning Borrower's occupancy of the Aropeaty as a principal residence.If this Security Instrument is on a teasehold.Borrower ' ' '.�;;m�=
<br />. ' sLa!!wmply with all the provisions of the lease.If Borrower acquires fce 6ue w the Propeaty.the leasehold aad the fee atle shall • � � "`���:`'
<br /> • . . not mergc unlcxs Lcndcr agrees to the merger�wriiing. . •� ' '�``�.
<br /> ' . 7.P�otedian of I.ender's Rights in the Propertq. If Bormwer faiJs w perform the covenanis and agreements contained in � �� . -�
<br /> J this Security Instrument,or there is a Iegal proceeding that may significandy affeci Lender's righis in ihe ProPertY(such as a , ?�'`:
<br /> , : . { proceeding in bankruptcy,pmbate,for wndecnnation or forfeiwre or tn caforce laas or regula0ions�thea Lender may do and pay �, � ,
<br /> , i for ahatever is nccessary to protect the value of the Propeaty and Lender's rights in the Propertjr.Lender's actions snay include .
<br /> r paymg any sums secured by a Gen which has priority over lhis Security Instrument,appearing in coart.paying reasonable �
<br /> . ' '� attomeys' fees and entering on the Propaty to make repairs.Although I.ender may take acuon under this paragraph 7.Lea�de� •
<br /> � daes noi have w do so. � . �
<br /> ' Any amotmts disbursed by Lender under this paragraph 7 shall become addiaonal debi of Borrower secured by this Security . ' .
<br /> ? . Instrumen� Ualess Borrower and Lender agree to ather trams of paymeni, these amounts shall 6ear interest from the dat�of �
<br /> disbursement at the Note rate and shall be payable,with int�erest,upon notice from Lender to Boaower requesting paymen� • •
<br /> . 8.Mortgage Insurance. If I,ender required mortgage insurance as a condiaon oF inaking the loan seaued by this Security • • ��
<br /> Insuument, Borrowea shall pay the preminms required to maintain the mortgagc uisurance in effect Ii, for any reason,the '
<br /> a mongage insurance coverage requ"ued by Lender lapses ar ceases to be in effect,Boirower shall pay the premiums required to � • ;
<br /> ` � obtain covcrage substantially eyuivalent to the mortgage insurance previously in effect,at a cost subslantially equiva�ent to the �
<br /> , i cost to Borrower of the rt.ortgage insurancc previousJy in effcxt,from an altemate mortgage insurer approvcd by Lcnder. If � � .
<br /> ! substantiaUy eqnivalent mongage insurance coverage is not available.Borrower shall pay w Lender each month a sum eqnal to �
<br /> • � onFtwelfth of the yearly mortgage inswance premium being paid by Borrower when the insurattce coverage lapsed or c.cased to
<br /> be in effec� Lender will accept, use and retain these payments as a ioss reserve in lieu of mortgage insurance. Loss resedve �
<br /> Form 3048 9190 �
<br /> � �•BR�NE)�ez+a�.o+ Page 3 of B tnrt�aia: . t`. ..
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