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<br /> � �.! 5. Bazard or Prope�tY Insm'anc� Borrower shall keeP the imProv�nents naw ea�snng or h�re�fcer erected on the , •
<br /> ' � �P�Y m�against los�by fin,marards included within the te�m'extended coverage' and any�thtr ha7ards.incladiag ' . r. . ,
<br /> . . . floods or floading,for which Lender recluires ia�uance.This ia�uance shall be maintained in the azno�mts and for the periads � ,,
<br /> , ,�*�noe shall be chasea by Boaowet subject tn I.ender's approval . � •,
<br /> .. that I.endet teqniies.'[Tte insaiance caaier provid'mg the 'i .
<br /> � ' - - wlush shall noi be unteasonably withheld. If Bom�wet fat�s to mainrain coverage descnl�ed a6ove. L.ender may, at I.ender's ; . .
<br /> ' •- �• `' option.obtain caveraSe co protea Lender's rights in the Property in accordance with patagmph T. .5. ..:_ '.:..:
<br /> - _,- —r--���. - -----
<br /> . pll insu�ance policies and cen�waLs shaII be acxeptable w Lender ancl shall iaclude a standan!mortgage clause- I�nder .`:�
<br /> shall have the right to hold the policies and renewals.If Lender reqaite.s.Battower sHall pmmP�Y Sn'e w Ixnder all receipts of . .
<br /> • � , paid pre.miums and zenewal notices.In the event of loss.Boaower shall give prompt noicce to the ia�uance cazrier and Lender. , -
<br /> ene °-.-
<br /> , :. � : L e n d e r m a q m a k e p m of of loss if not made p m m pdy by Borrower. �6e a p p l i e d t o r e s t o r a t i o n o r t e p a i r o f t h e . ` � `; ,r:�� .
<br /> Un�ess Lender and Boirower otherwise agree in writin8•ia�aia°ce p m ce�s �s not tessenecl.If the reswradoa or .
<br /> �P�9 damaged.if the reswradon or sepair is esonomicaUy feas►b2e and Lender's security� --' -- : .:, - :
<br /> � ' + repair is nat econornically feas�'62e or I.ender's seca�ity waWd be le�sened, the insuranse Pmceeds sball be applied to the sums .. `�;•_ ' �`
<br /> eacess aid to Boaower. If Boirower aban�ons die °�.
<br /> � . secured by this Security Insdnm�ent, whether or not then dne.vuith any P .;'+-:-,�-• _
<br /> � � pnopertq,or daes not answer within 30 days a nodce fmm Leader that the ias�uanse caaier has offered to s�tle a claim,tLen ,:.--�:...�:
<br /> ; I�nder maY coitect the insuzance Pracceds. I.snder may use the prooeeds to :epair or restore the Propecty or to paY sams ._._._ --
<br /> ' secared by this Secarity Instrament,whether ar not then dus.The 3Q-day periad will begin when the notics is given. - �.� -
<br /> � Untess Lsnder aad Borrower otheiwise agree ia writin8, anY $PP�on of pmceeds to princiPal sball moi extend or �,'r z''- ....
<br /> postpone the dne date of tLe moatWy payments refeaed to in paragrngbs 1 and 2 or change the amnunc of the payments•If under , `.�
<br /> ." - paza g�a p h 2 1 t h e P m P e rt 9 is a c Q n i�d b9 �r� Borrourer's right w any insurance policies and proceeds iesWting 5vma ;,:._
<br /> _�.:,a
<br /> _ � - damage to the PmP�9 Pnor to the acquisition sbaII pass tn Lender to the extent of the sums s�by this Secarity I n s t�e n t _ -: '�,�,-°,
<br /> . _ immediately p�rior to the acquis�idon Borrow�'s Loan AppfIrattolK Leaseholdg. -- ���`;
<br /> '. `- 6.�apa�tcy,Preservatloa,lVl�nten�and Pcatedion of the Pcoperty; ��==
<br /> �,�': Boanwer shall occupy,establish,and use the ProPertY as Bonower's principal�e,sidence within sixty days after the eaecution of . • �,_:.,:;=•;��:
<br /> this Secaritp Insuument and sball continne ta accapy the Property as Bormwer's principal residence for at least one year after : i�� `:? i
<br />-- ' � � the date of occupanc9,untess l�ender odiecwise agrees in writing,wLich coasent sLail not be unreasonably witbheld.oi unless ... . :':_ :y;
<br /> , � f . extenuating ����� v,rhich are beyond Borxower's canirol. Borrower shall not d�troy, damage or impair the , :: r y:.
<br /> � �'�, a Pm allow the Propeny to detetiorate.or cammit waste an the Prapetty. Borrower sball be ia default if any forfeimre .. . ���.r;.��;
<br /> P�Y, ,.
<br /> ' ' acdon or pmceeding,whether civil or cmnival,is be8un that in Lender's good faith jadgment coutd resalt in forfeidue of the ';.-�,,•,�
<br /> � .t' . ° or Lxnder's securi inter��t.Boaower may
<br /> a the Uen created by this Sec�rity Instt�ment r9 . ""—���
<br /> �P�Y or otheswia�e materially impair :
<br /> . +i wre such a defantt and reiastate.as provided in pareScaPh 18,hY causing the acdon or pmceeding w be dismi.ssed with a=n1inS • .��;�,,��.:,:
<br /> + . �.,�.,, .-
<br /> that, in Lender's good faith deteimination, Prectades forfeinue of the Borrower s interest in the P►�operty or other material .�..
<br /> _ . � '.3'.j'i'
<br /> . ' impaumem of tlae lien created by this Secarlty Insuument or Lender's security interest. Bormwer shall also be in defanit if , - .-.:,.,;�
<br /> • � Bormwer,during the loaa aPPlicadoa pmcess,Save materisily fatse or inacair�te infotmadon or statements to L.ender(or failed , . -_-'y.
<br /> . _:,. � �.�..,.
<br /> to provide Lendei cvith aay materlal information)in connecdon with the toan evld�nced by the Note,inclnding,but not limited _ .:'�--
<br /> . . to,representations conceming Borrower's occupancy of the Pmperty a5 a pcincipal residence.If this Security Insuument is oa a ' ,;z,�ri,-
<br /> . S,_•—.:
<br /> . leaseho2d, Borrower shall cosnpYy arith all the pmvisions of the lease. If Borrower acquires fee title to the Property, tlis . ;,�-°-_
<br /> • teasehold and the fee 6de shall not merge anless I-ender agre�to the merger in writinS• . ` "''��"
<br /> ` � 7.Protedtoa of I.end�r's Rights in the Piroperty.If Bonower faits to perfoim the covenants asW agreemerus contained in , �i�::;.
<br /> • ' this Security Inmament.or thece is a legal proceeding that may significantly affect I.ender's rights in the ProPertY(such as a . ;.-�''
<br /> ` ' procexding in banYmpuy,Probate.for condemnation or forfeieue or to enfosce laws or regalations),then Lender may Qo and � ����•��
<br /> • �. _ pay fos whatcwer is necessary to protect the value of the Pcoperty and 1-ender's rights in the PropertJ►.1-ender's acdons may ;^'� y;,
<br /> inclade PaYing anY su�s secured by a lien wluch has prio�ity over this Security Instc�ment, aPPearin� in coust. PaY�B . ;':,•:+
<br /> � , ` reasonab2e attomeys'fees and entering on the Propert}r to make repairs.Althou�h Lender may take acaon under this paragraph ,,.:.,:�,.
<br /> � ?,Lender does not bave to do so.
<br /> pny ammmts disbursed by l.enaer under this paragraPh 7 st�ail become additional debt of Bo:rower secured by this �_.- -
<br /> m
<br /> � Security Instiument. Unless Borrower and I.ender agree to oiher terms of paymen� these amounts shall bear interest from the � ,� . •
<br /> ; date of disbursement at the Nate race and sLall be payable. with interest, upon nodce from Lender to Borrower reqaestiqq . •
<br /> pa�� ..
<br /> . , S.Modgage Insurance.If Lender required mortgage insvraace as a wndition of making the loaa secured by this Security
<br /> ���, ' � Insmwxent, Borrower s6a11 pay the premiums reqnired to maintain the mortgage insurance ia effect. lf, for any reason, the
<br /> w
<br /> " � mortgage insuraace covera�e rec�uired by Lender lapses or ceases to be in effect.Borrower svall pay the premiums required to . .
<br /> obtain coveraSe substantially ecNi�+alent to the mottgage insurance previously in effect.at a cost substantiaUy equivalent w the . . .
<br /> - cosc co Borrower of the mortgage iasurance previously in effect. from aa alternate mortgage insurer approved by Lender. If � .
<br /> • substantially equivalent mortgage insuraace coverage is not available.Borcower shall pay to Lender each month a sum equal to .
<br /> � one-twelflh of the yearly mongage iasurance premium beins paid by Borrower when the insurance coverage lapsed or ceased to .
<br /> , be in effect.Lender wiU acr.ept,use and retain these payment�as a loss reserve in lieu of mortgage iativrance• Loss reserve �: • .
<br /> � Form 3028 � :
<br /> ��SRINE11a2ts�.o� v«1a a of e wua�•
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