|
, _._- _______ __ - . -. _ . __
<br /> . .. . . . . . . .
<br /> '._ . ' . ' . . � . � ' � � .. � . ' ' . . ` , < . . ,
<br /> . . , . : � , < _ , ; , t.�
<br /> ' ' � . .: . . . � „ ; .� ��
<br /> - . . . --,. - ---- - .- .—__ .-- �r� . —�--, ._ - - -_=- -- ---�- --- . ... __�:.- =�:_:-��..=j�==. ---.
<br /> , _—_��____.----._. ...��__ � ._ --- -- .. ._.__...--- . -� � . .
<br /> � -
<br /> 97� �dD1.6�t� � �. -�_ . ��
<br /> � :4: .. � :�
<br /> 5. Hazard or Prupert} Ia4ut�unce. &�rren�cr .hall i.rrp thc �mpru�rmrn[. n�nti ex�+tinz ur hereatter ere�tcd un the ; - . ; , , �s
<br /> Prup�rt} in�ured agaimt lu..h� fire, h:v:udti m�luJed ��ithm thr trrm "retrnde�.rucrragr" and xm uthrr h:uard�. includir�g , ,_ . :.-
<br /> flc�uJ+��r flsx�ding. ti�r which Lendcr rcyu�r�.m�uranrr. Th�+ m+ur3nrc •hall he maint:�mcd in thr aniuunn anJ ti�r the penod, , .
<br /> thst l.�nder reyuire.. The imurancr ramer pru�iding thc in.ur.uirc.hall he chor�n h} B��rn�wer .uhjert tu L.ender'+approcai • -. � _ .
<br /> whirh +hall not be unrca+unably withhrlJ. !f Borr��wrr fad. tu maintain �ocerage de.�+rribcti :�huce. L.ender m�y. 3t L.cnder's , , ,_
<br /> optiim,�tibtain cucerage tu pmtect L.rnder'+righ[�in the Pn�perty in accordance w�ith paragraph 7. . � . . ,-
<br /> AII in�urance policie� and renewal+ ,hall be arceptable w Lxnder and �hall include a tit:indard murtgage clauye. Lender �•. *_
<br /> ,hall have the right to hold the puliri�5 and rene�L:ils. lf Lender reyuire,. Borrower shall prompily give to Lender all mceipts of ____ _.�___-�•_.;- -
<br />, paid premium.a and renewal notices. In the event of Ic»s. Borrower shall give prompt notice to the inturance carrier and Lender. � �""."'"'<`'t"_
<br /> Lender may make proof af loss if not made promptly by Borrower. � . �
<br /> Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be apptied to restoration or repaer of the , - _
<br /> Property damaged_if the restoratinn or repair is econnmicalty feasible anrl Lender's security is not[essened.If the restoration or _ �.".:�_ , :, .�`� •
<br /> repa�r is not economically feasible or Lender's,ecurity woald be lessened,the insurance proceeds shall be applied to the sums "' � •��.,;,
<br /> • secured by this Security Instrument, whether or not then due. �vith any excess paid to Borrower. If Borrower abandons t[ie , %' :�• °
<br /> Property, or daes not answer within 30 da�•s a notice fmm Lender that the insurance carrier has uffered to seule a claim,then - , • �;;�;.��:._�-
<br /> Lender may coflect the insurance proceeds. Ixnder may use the proceeds to repair or restore th: t'roperty or to pay s�rt:s • ` ` � -=r''�`'�`•`..
<br /> secured by this S�curity Instrument,whether or not then due_The 30-day period will begin when ihe notice is gi�en. "� *r . "���-
<br /> '���Y•:' .--..
<br />; Unless Lender and Borrower othemise agree in �tiriting, any application of proceeds to priecipal shall not extend or •r. •,,:�Y__
<br />• pastpone the due date of the monthly payments referresi to in paragraphs 1 and 2 or change the amount of th� payments. If �� �- =
<br />- under paragraph 21 the Property is acquired by L.ender, Borrower's right to any insurance policies and proceeds rewlting from _ ��r_
<br /> ..,..;" � —
<br /> damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security Instrum�nt . •j
<br /> -''�:_::,`--
<br /> immediately prior to the acquisition. - -' _-��� "`
<br /> 6.Oc��upancy,Preservation, Maintenance and Protection of the Property;Borrower's Loan Appllcatio�;Leaseholds. , ---�
<br /> �arrower shall occupy.establish,and use the Property as Borrower's principal residence within sixry days after tt�execution of ; `•"�'�=
<br />
|