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<br /> � � 9�°- ��i�3� � .� �. � _ �
<br /> g, �rd or p�opQa4y IHSUrance. Bortower shatl keep [he improvemeats now existing or hereafter erected on the � •� ,' `:t
<br /> _ r � progerty ins�d against loss by fire. 6azards included within[he cerm 'extended coverage' and any other ha�ards, inclu�ing .' , �• ;.___
<br /> floods or ftooding,for tivhich Lender requir�s insurance. 11us insurance sha116e maintained in the amounts and for the periads `�°�
<br /> < r_
<br /> that Lender requires. "Ihe insurance carri�r gmviding the insuraace shall be chosen by Borrower subjea to L.ender's appraval � ,-
<br /> which shall not be unreasonably withheld. If Borrower fails to maintain coverage described above, Lender may. at L.ender's �.�` • ,.
<br /> option,nbtain coverage to procect Lender's righcs in the Property in accordance with par,�graph 7.
<br /> � . AA insurance golicies and renewals shall be acceptable to Lender aad shall include a standazd mortgage clause. Leader f .•
<br /> ' shall have the right to hold the policies and reaewals. If Lender iequires.Borrowsr shall gmmgdy give to l.ender all receipts of � . _
<br /> • pai�premiums and ceaewal notices.In the event of loss,Borrower shall give prompt notice to the insurance carrier and l.ender. . �
<br /> Lender may make proof of lass if not made prumpdy by Borrower. � • � }
<br />� � Unless Lender and$orrower otherwise agree in writing, insurance proceeds shall be apptied co restoration or repair of the • _
<br /> � Property damaged,if the restorarion or repair is economically feasible and l.ender's security is not lessened. If the restoratian or ---; ,— -• __-
<br /> repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums ,� -. : ..
<br /> . � secured by ti�is Security Insavment, whether or not then due, with aay excess paid to Borrower. lf Borrower abandons the � � � • �
<br /> . Property,or does not answer within 30 days a norice from I.eader that the insucance carrier has offered to seNe a claim,then _�, '�:;'" :_
<br /> -` Lender may collecc the insurance proceeds. Lender may use the proceEds to repair or restore the Properry or to pay sums ... -'" -� =:�
<br /> secured by this Security Insmunent.whether or not then due.The 3Q-day period will begin when the nouce is given. - •:�i�.��' __
<br /> Unless Leuder and Borrvwer otherwise agree in writing, any applicarion of proceeds [o prinzipal shall not extend or :==�f�-�',r�
<br /> postpone the due daze af the monthly paymenu referred to u►paragraphs 1 and 2 ar change the aznount of the payments. If _:'�.,-Tr , -
<br /> • � under paragraph 21 the Property is acquired by Lender,Borrov�er's right to aay in�!,ance policies and proceeds resvlcing from �v,-�,-�_._ -_
<br /> ' damage to the Property prior to the acquisition shall pass w Lender w the extent of the sums secured by ihis Security Instmment . ,"..;�
<br /> imme�NarP1Y Prior to the acquisition. ' �
<br /> 6.Occupancy,�ervation,�tenance and Protecbion of the Propertg:Borrower's Loan Appllcation;LEaseholds. . ��?
<br /> Borrower shall occupy,establish,and use the Property as Borrower's principal residence within sixry days after the execution of �•�,°*� ___
<br /> this Securiry i.����++t and shall continue to o�y the Property as Borrower's principal residence for at least one yeaz after '-"'�.�`_,,�� -
<br /> " ~< ,��''�..�-
<br /> .' the daze of occupancy,unless Lender otherwise agre�in writing,wluch consent shall not be unreasonably withheld,or unless ___ ,
<br /> � excenuating circumstances exist wluch aze beyond Borrower's conuol. Borrower shall not destroy, damage or imgair the :�`. '• ?=r=-�•-�.
<br />� Propei4y, allow the Property to deteriorate, or commit waste on the Property. Borrower shall be in default if any forfeiture �;.;�.
<br /> action or proceeding,whether civil or crimi�al, is be that in Lender's ood faith"ud ent could result in forfeiture of the "' ' ``���'
<br /> guu g J 8� �• .'.'ai�:c:,'�'.
<br /> � Properry or otherwise materially impair the lien created by[t us Security I n suumen t or L en d e r's s e c u r i t y i nterest.Borrower ma y -:� -- "
<br /> •' . :; :- .
<br /> � cure sucb a default and reinstate,as provided in paragraph 18,by causing the action or proceeding to be dismissed wltli a n�ling -;,�; - �r � _
<br /> � that, in Lender's gaod faith determinatian, precludes forfeiture of the Borrower's interest in the Property or other material ;.. ,
<br /> impairment of the lien created by this Security lastr�ment or I.ender's security iatecest. Borrower shall atso be in default if > ;;., •�' .�•
<br /> �'; Borrower,duriag the loan application proce.ss,gave materially false or inaccurate information or statements to Lender(or failed � �� -� - �� �
<br /> co pmvide Lender with any material information)in connection with Uae loan evidenced by the Note, including,but aot limited -�?`� ;d�i•..
<br /> . ��., ��
<br /> � � to,represeatations conceming Borcower's or.cupaacy of the Property as a principal residence. If[Ws Security Insuument is on a � ;f� '
<br /> ' ' leasehold, Borrower shall comply with all the provisions of the lease. If Borrawer acquires fee titie to the Property. the ,;�E.:"• �"�
<br /> leasehold aad the fee title shall not merge unless Lender agrees to the merger ia w r i4ing. ` �
<br /> • 7.�rotecttoa of Lender's Rights in the Peoperty.If Borrower fails to perform[he covenants and agreements contained In ° .�. �,
<br /> this Security lnstrument, or there is a legal proceeding chat may sigaificantiy affeet Lender's rights in the Propecty(such as a •. ��,.,.;=.
<br /> m
<br /> ` praceeding in bankn�ptcy,probate. for condemnarion or forfeiture or to enforce laws or regulations), then Lender may do and �'��_
<br /> • pay for whatever is necessary to proteci the value of the Property and Lender's rights in the Property. Lender's actions may .� ��"
<br />, inclade paying any sums secured by a lien which has prioriry over this Securiry Instrument, appeariag in court, PaYu►g . � ' � .
<br /> 1. _
<br /> reasonable aaorneys'fees and entering on[he Property to make repairs.Although Lender may take actioa under this paragraph _ �i'=
<br /> � � 7,Lender does not have to do so. .�'+'��- `�'s` —
<br />• Any amounts disbuzsed by Lender under this paragraph 7 shall become additional debt of Bortower secured by this _ - - __
<br /> • Security Instrumeat.Unless Borrower and I.ender agree to other terms of payment,these amounu shall bear interest from the :--�;;-
<br /> . ,; date of disbu:sement at the Note rate and shall be payable, with interest. upoa naace&om l.ender to Boaower requesting ,�_°����
<br /> payment, ��-: .._ --
<br /> 8.Mort�age Insnrance.If Lender ed mort age insurance as a condition of making the loan secur�l by this Securiry ��''a"��'��"
<br /> �I� g ��.; _ .�.;��:.
<br /> • Insuument, Borrower shall pay the premiums required to maintain the mortgage insurance in effect. If. fot any reason, the <•--�-�,.��-n-��-
<br /> � • mortgage insurance coverage requited by Lender lapses or ceases to be in effect, Borrower shall pay the premiums required to - . '� �� �`"
<br /> ,..�;''::; ` ...
<br /> i.-.�,:...:... �. •
<br /> �� obtain coverage substantially equivalent to the mortgage insorance previously in effect, at a wst substantially equivalent to the ��N�
<br />.. �•� wst to Borrower of the mortgage insurance previously in effect. &om an alternate mortgage insurer approved by Lender. If r�..� � -�.=:..
<br /> substantially eguivalent mongage insurance coverage is not available,Borrower shall pay to Lender each month a sum equal to '" �' ` r7._
<br /> • one-nvelfth of the yearly mortgage insurance premium being paid by Boaower when the insurance covenge lapsed or ceased to �•. ---�.�:�.;_w�__�_
<br /> �'�-•;,�
<br /> be ia effect.Lender wiU accept,use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve -�-���-P--«- ••-=��
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<br /> A. Form 3028 9190 - ��;��`��"
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