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<br /> � � � Boirowet shall kcep the impmvea�ents aow exisang �r•h�ter e on e ! . , .
<br /> � 5. �azard or PropeitY [nsmaace• •`
<br /> , � � ; PropenY insu�d a8aiast loss by fue.hazards inctuded within t6e term 'extended wverage" aad any other hazards. inctading 4 :` 2 . .
<br /> floods or flooding,for which Lcnder requires insvraaue.This insuian�sball be maintained in the amunnts aad for the periocLc i :�,r, ,.
<br /> � ` 1 that Lz�r requires.'I9�e insurance carrier p�+ovidinS the in��urance sha11 be chosen by Borrower svbject to Ixader's appmval � -
<br /> . - �'� 1 which shall nnt he un�easonably withheid- If$orrower fails to maintain coverage describe�ahove, Lender may.at L.ender's � •
<br /> _ c, - ., y option.obtasn caverage to protect l.ender's rights in the Pmperry in accordance with paragiaph 7. � -- --_ -_ _'_.
<br /> All ir�surance policies and reaewdLs shall be acceptable w L.eader and shaU include a sandard mortgage clavse. L.encter , :;. ; ,�' '
<br /> • � shall have the right to hold the policies and re�wals.If Lender requires,Bomower shall promPdY give ta Leader ali receiPts of ' ' • ` .,.
<br /> . ht
<br /> ' . . . ' P�P��and renewal norices.ln the event of loss,Borrower shall giye prompt uotice w tIie insu:ance carrier and Lender.
<br /> - � � � ' I.ender may make proof of loss if not made pmmPdY by Borrower. ��shall 6e applied to restoiatioa or mpair of tfle _ - .. ,
<br /> � . : Unless Lender and Borrower othecwise agree in writing.►nsiu'ance P e . _ . ,
<br /> �.:` �P�9�S�if the res0oradoa or zepair is economically feasible and Lender's security is not tessened.If the restoration or `
<br /> � ' - i tepair is not econnmicailY feasi'61e or l.ender's security woutd 6e lessened,the imviance placeeds shaU be applied to the sums -, �„:.';'' .
<br />'; ` ' '• seca�red bq this Sec�ity Instcumept, whether or not then due, wit6 any excess paid to Bom�wer. If Borrower abandons the .,.,�.. __�
<br /> •. 1 pmperty,or does not answer c�ritLin 30 days a notice from Lender that the i�vtauce caraer has offered w seale a claim, dien , �;
<br /> e� L e n der ma y collect the im�ance Pmcceds. Lender may use the pmceeds to repair or�estore the Pmperty or to pay sams �,
<br /> �j secared by tbis Security Lnsaumen�auhed�er or not then dne.The 30-day peiind will begin when the nodce is given. ---
<br /> licatian of prnceeds to pri�cipal sf�all not exte�W ot !--
<br /> .:,� Unless Lender ancl Bnrmwer otherwise ag�e in writin8, �Y aPP - . .: ,s�
<br /> ' , �:,� P�Pone t h e d u e d a t e o f t b e m o n t h l y p a y m e n t s re f e i r e d w in p a r a�e p h s 1 and 2 or clkwSe the aa¢onni of the paymems.If under _ _, _
<br /> ..-. P�'�Ph 21 the Piopett9 is acaqtu�d by Lender. Borrav�er's right to any insaran:.e policies and proceeds cesutung f r om ;^ ��_
<br /> � ` . .
<br /> � ' • .�'- d a m age m the P m p e r t Y P r ios w the acquisition shall pass to I.ender w the exteat of the s�ms secared bY this SeasitY Ia�wnent .,;..�,. .�,�
<br /> � _` immediately prior to tbe acqwsition ,_. ` �-
<br /> flcation;l.easeholds. • .�•---
<br /> � .' 6.Occupant9.Prc4�cawation,Maindenance and Prottxlion of t6e propertq;Borrower's Loan ApP :''���
<br /> � .. Borrower shall occapy.establish.aad nse the Pcopetcy as Borrower's principal iesidence wiWin sixty days after the execudon af . . _-
<br /> - .. - this Sec�ity Insuument and shall coniinue to ocarpy the Property as Horrower's principal residence for at least one year after ;.:j
<br /> � the date of occupancy,unless Leader otheiwise agn�s in writing.which consent shall not be nnreasonably withheld,or untess +:` :..t�;---
<br /> ' • extennaturg circ�nstances exist wluch aze i�eyond Bosmwer's wntrol. Borrower shaU not destrcry, damage or irnpair the 4:.,.::.�.:'•�--
<br /> . �, Property,altow tt�Property co deteriorate. or commit waste an the Property. Borroarer sbali be iu defanit if any forfeiture .,.;LL.F:
<br /> a c t i o a o r p m c e e d i n g,wliether clvil or cciminal,is begnn that in Lender's gaod faith jadgment cauld result in forfeiNre of tue �---�-;'. _
<br /> . � . �P�Y or otherwise materially unpair the lien created by this Security.insaument or L e n der's s e c u r t t y i n t e r e s t.B o r r o w e r m a y , .
<br /> � cure such a de f a Wt aa d reinstate.as provided ia pa:agiaph 18.by causing the action or pmceedins to be dismissed witti a rulinS -:��
<br /> �' . . ..� that.in Irender's gaod faith detemiinaaon, Precludes forfeiture of the Bnrrower's interest in the Property or other material
<br /> impaimioat of the lien created by this Secvrity tasaumenc or Lxnder's s����don or statementso Lender(or�fa�'led .:.'�: � `:-�
<br /> - . Borrower.durins the loan appllcadon pmress,gave materially false or ina �:�-
<br /> ' w pravide Lender with auy material information)in connecdon with the loan evidenced by the Nate.including.bu[no�lilui�ed '�:.-5r�:
<br /> � to,representations canceming Borrower's ocwpancy of the Property as a principal residence.If this Security Insuument is on a , �_'�:�
<br /> � � leasehold. Bonower sball comply with all the provisions of the lease. If Borrawer arquires fee 6tle to the Property. the '•'"'�,�'
<br /> • - j!:'`-.-.
<br /> - � teasehold aad the fee title shaU not merge untess I.ender agrees to the merger in wririn�. 'i�
<br /> 7.Protectton of Leuder's Rights in the Pr'oPert9•lf Bonower fails to perform ttte covenants and agreements wntained in .--_
<br /> �..,� � this Security Insmiment. or t here is a legal proceedinS ti�at may si�nificantly affect Lender's rights ia the Property(su c h as a . :�
<br /> • pmceeding in bankruptcy.probate+for condemnation or forfeiture or w enforce laa+s or regalations).then Leuder may do and �_
<br /> �` pay for wbate�+er is necessary+to protect the value af the Pmperty and Lender's rights ia the Pmperty. Lender's acdonc may z� �
<br /> -:,;;,
<br /> . ". include payinS anY swns secured by a lien wbich has priority over this Secazity lnstntment, appearing in co�ut. PaYuiB �• ,
<br /> . � reasonable auomeys'feES and entering on the Property w make repaits.Aithough Lender may take action under this paragraph ,
<br /> ' 7.Lender daes not have w do so. � . � ,
<br /> V'� � Any amounts disbursed by Lender under tLis pa�agraph 7 shall become addiaonal debt of Bormwer secured by this
<br /> .�•'' gecurity Insuument.Unless Botrower and lxnder asree to otlier teims of payment.these amounts shall beaz interest from the ,
<br /> , date of disbwsement at the Note rate and shall be payable, with interest. upon nodce from Lender to Borrowet requesting _ . �
<br /> " � payment. " �
<br /> 8.Mortgage Insurance.lf Lender required mortgage insurance as a condidon of maidng the loan secured by this Security
<br /> .• � .. Inswment. Borrower s1�ai1 pay the premiums required to mainiain the mortgage insurance in effect. If, for any reason. the . • �
<br /> � mortgage insuranee coverage required by Lender lapses or ceases to be in effect,Bonower shall pay the premiums required to . .
<br /> ' obtain coverage substanriaily eguivalent to the mortgage insurence previously in effect,at a cost substandaily eq�ivalent to the -.� .
<br /> • • cost to Bonower of the mortgage insurance previously in effect. from an altemate mortgage insuret approved by Lender. lf
<br /> , substantially equivalent niortgage insurance coverage is not available.Boaower shall pay to Lender each month a sum equal to
<br /> • ' one-twelfth of the yearly mortgage insurance premiwn being paid by Borcower when the insurance coverage lapsecl or ceased to
<br /> be in effect. Lender will accept.use and retain these pa}+ments as a lu�.s reserve in lieu uf mungage insurauce. l.ass resezve I .
<br /> • Form 30 8 90 � :•
<br /> � ' ��-6RIN8)�e��si.o� V�ge 3 ot 0 iN
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