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<br /> 5. H�uurd �►r 1'n►pert} ItKUPilRCC- B��rnn<<r .hall 6�ep thc impru�cm�nt+ nuw rt�.t�ng ��r hetrattrr �rr�trd ��n thr �� ° '
<br /> Propem insurrJ agam,t lu.. h} tin. haiard. mrlud�til uithin the term °ext�ndrJ r���er.icr" and am uth�r h.UarJ,. mrludin� ,
<br /> fluud�or fluuding. t�tt which I.�nJrr rrywre. inwranr�. Thi.imuranre•haU hr mainta�ned m th�am��unt.anJ t��:thc p�n�xi+ , ��
<br /> that I_rnder reguirr.. Thr mwranrr rarri�r pr�n�Smg thr tn,uran�r .hrll hr rliu,�n h} Burruurr ,ubjeit w LrnJrr',appru�al
<br /> ahirh .hall nut br unre:i,unahl� ��uhhcld. IC Burruwrr fail. to mainrrin ro�cragr dr�rrihc�l ah���e. I.�ndrr ma�. ac Lcndtr'. - •. , �
<br /> uptii�n.obtain coverage[u prutert Lendrr'.nghn in the Propertt� in arcord:tncc w ith paragr�ph 7. ': -�--�-` �- `'` : }��
<br /> All insurance polici� and rene«sl, ,hall he acceptable to L,ender anS ,hsll inrlude a +tand:ird mortga�:e rlau�r. LenJer �
<br /> shall have the right to huld the policies and rene�sals. If Lender reyuire.. Borrower shall prompdy give tu Lender all rcreipt.of , '��
<br /> paid premiums and renewal notices_ In the event of loss.Borrower shall gi�•e promp:notice to the insur.u�ce carrier and Le:nder. , , . _
<br /> Lender may make proof of loss if not made promptly by Bortower. . • '
<br /> Unless Lender and Borrower otherwise agree in writing, insurance proceeils shall be applied to reswration or repair e�f the �
<br /> Property damaged,if the restoration or repair is economically feasible and Lender's security is not lessened. If the restoration or .. ;,�,,
<br /> repair is not economically feasible or Lender's security wauld be lessened,the insurance proceeds shall be applicxl w the sums . `. `
<br /> ;�� ,., ..�
<br />• secured by this Security Instrument, whether or not then due. with any exces.s paid to Borrowar. If Borrower abandons the �y'�_ ;,�
<br /> ` Property.or does not answer within 30 days a notice from Lender that the iatiurance carrier ha�offered to settle a claim. then - �=_--:--
<br /> Lender may collect the insurance proceeds. Lender may use the proceecis to repair or restore the Property or to pay sums , . _ _-_
<br /> • secured by this Security Inst�ument,whether or not then due.The 30-day period will begin when the notice is given. . __��
<br /> r�a.i_
<br /> Unless Lender and Borrower otherwise agree in writing, any applic;ation of proceeds to principal shall not extend or ^,��_=
<br />;r__.q postpone the due date of the mon[hly paymenu referred to in paragraphs I and 2 or change the amount of the payments. If _ � �¢,.--
<br />;,�j under paragraph 21 the Ptoperty is acquired by Lender. Borrower's right to any insurance policies and proceeds resulting from _' ;-•���=-�.
<br /> `�+_,�.�.�`-�.�:
<br /> -.� damage to the Property prior to the acquisition shall pass to I.endet to the extent of the sums secured by this Security Instrument .� '��: P. ,.••�_._ _
<br /> immediately prior to the acquisition. ��� _
<br />� `,± 6.Occupancy, Preservation, Maintenance and Protection of the Property;Borrower's Loan Application;Leaseholds. . -��'*�� �
<br /> =..j Borrower shall occupy, establish,and use the Property as Borrower's principal residence within sixty days after the execution of ��%r �j
<br /> .....:...� �y..:��}'�..--
<br /> this Securiry Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after -,.:-�: - , � �-,�
<br /> -.,`• the date of occupancy. unless Lender otherwise agrces in writing. which consent shall not be unreasonably withheld,or unless �:-'
<br /> .. '�.,. :
<br /> • extenuating circumstances exist which are beyond Borrower's concrol. Borrower shall not destroy, damage or impair the :�.,,,�,, � �� `�' ;: �.
<br /> Property, altow the Property to deteriorate. or commit waste on the Property. Borrower shall be in default if any farfeiture �. ,- . ' � -; -- .
<br /> . actian or proceeding.whether civil or criminal,is begun that in Lender's good faith judgment could result in forfeiture uf the � v_ � -
<br /> Properry or otherwise materially impair the lien created by this Security Instrument or Lender's security interest. Borrower may L,`j� '� .
<br /> cure such a default and reinstate.as provided in pazagraph 18, by causing the action or prac e e ding to be dismiss e d wi t h a ru li n g - �, --- `;:��" .�;
<br /> that, in Lender's good faith determination, precludes forfciture of the Borrower's interest in the Property or other material �� "
<br /> r -"� ' g� ..
<br /> .:i impairment of the lien created by this Seturity Instrument or Les�der's security interest. Borrawer shall alsa be in default if - - _.
<br /> = Borrower.during the loan application process,gave materially false ar inaccurate information or statements to Lender Ior f�iled � _" ; �.
<br /> ' �' to provide Lender with any material infortnation) in connection with the loan evidenced by the Nate, including,but not limited ` ,_'=
<br /> .1` �_ �
<br /> �•.f to.representations concerning Borrower's occupancy af the Propeny as a principal residence. If this Security Instrument is on a �y�.
<br /> leasehotd, Horrower shall wmply with aU the provisions of the leasc. If Bonower acquires fee title to the Propert�•. the " .• � ,: ,r"„-!`
<br /> leasehold and the fee title.hall not merge unless l.ender agrees to the mcrger in writing. ; '���--�
<br /> ��- -
<br /> 7.Protection ot Lender's Ri�hts ln the Property.If Borrower fails to perform thc cavenants and agreements contained in ,�.--�,,,�,
<br /> � this Security Iuatrument.ar there is a legal procecding that may significantly affect Lender's rights in the Property lsuch as a m -��'^'���_=.--`-
<br /> • proceeding in bankruptcy,probate, for condemnation or furfeiture or to enforce laws or regnlations). then L.ender may do and ���-`"",�:._.
<br /> pay for whatever is necessary to protert the value of[he Properry and Lender's rights in the Propeny. Lender's actions may _____ _ - -_,
<br /> ,�� include paying any sums secured by a lien �vhich has priority aver this Security Instrument, appearing in coun, paying �
<br /> reasonable attorneys'fees and entering an the Property to make repairs. Although L.endcr may take action under this paragraph �-���
<br /> `r.
<br /> 7,Lender does not have to do so. ' -Y"°°""
<br /> Any amounts disbursed by l.ender under this paragraph 7 shall become additianal debt of Borrower secured by this � ��
<br /> Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear interest from the =__:ry�����:.�,- -
<br /> date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting . �..�;�:t.",:?*�"='f'
<br /> .� .
<br /> payment. '` - -
<br /> � 8.Mortgage Insurance.lf Lender required mortgage insurance as a condition of making the loan secured by this Security • . �;:;•
<br /> Tnstrument. Borrower shall pay the premiums required to maintain the mortgage insurance in effect. If, for any reason,the ' ' ' � `� ���
<br /> "�`�3_:�,;�-._:.�__..
<br /> mortgage insurance coverage required by Lender lapses or ceases to be in effect.Borrower shall pay the premiums required to � �
<br /> �°•�'"-�:%"�4t.���'.�: -
<br /> obtain coverage substantially equivalent ta the mortgage insurance previously in effect, at a cost substantially equivalent to the -. .L..;a.. . ---, _
<br /> cost to Borrower of the mortgage insurance previously in effect, from an altemate moRgage insurer approved by Lender. If ,`;�,s,;,�,:�,'
<br /> � substantially equivalent mortgage insurance coverage is not available.Borrower shall pay to Lender each month a sum equal to • ���,�x±;o'�:����'�
<br /> . one-twelfth of the yearly mort�age insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to . .� �" • ' _
<br /> be in effect. Lender will accept, use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve • . �
<br /> Form 3028 9190 ' � � ��
<br /> Pago 3 of 6 , - `---
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