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<br /> � + ` �:Y�`.�'. .
<br /> �—
<br /> : � 5. Hazard or Yroperf� Insurance- Borrc�«rr ,hall krep th� impnn�ement, nuu rxi�tin� ur hrrrattrr rrc.�tctii un thr . � ^` ` a'�`,'
<br /> Pruprrty� imureJ agam+t li�.� h} tirr. h:uarJ� mcludcti wrthin thc t�rm "crtcnd�Yi �u�erarr' and am nthrr ha�ard,, incluJing
<br /> � fl��uS,ur ftuoJing. t��r�rh�ch Lrndrr reyuire, m,urancr. Thi. in.urance+hall he maintamrJ in th�amuunu.uid ti�r the prriods � ` , —
<br /> ; that Len:ier reyu�r�ti. Thr in.uranrr rarrier pro�iding tbc in.urar.re.hall he chu.rn hy Barcuu�r whirrt t�� L�nder',appru�•al
<br /> ` µhirh +hall nut he unrra�unabh a�ithhelJ. if Burru��rr failti tu meintain ru�cr3gc de�crihrJ ahutir, l.rndrr ma��, st Lcnder'+ � ,- � - -
<br /> � upuun,ubtain coverage to protect Ltnder'�right.in the Prupeny in a�curdance����[h paragraph 7. . ' • � "
<br /> ,-�; All imurance pulirieti and renea•al. �halt bc ar�eptable tu Lender:u�d ,hall inciude a .tanJar$ mongage �lau,r. L.cnder . `
<br /> -' +hall have the right to hold the policies and renewal+. If i.ender requires.Borrow�er shal!promptty gi��r tu L.rnder all receipts of - - - --- ---- -- --
<br /> paid premiums and renewal notices. In the event of lass,Borrower shall give prompt notiee to the insurdnce carrier and Lender. �. : . '
<br /> Lender may make proof of loss if nnt made pmmptly by Borrow•er. � • • : . � -
<br /> Unless Lender and Borrower otherwise agree in writing, insurance procceds shalt be applied tu re+toration or repair of the . _ � � - -
<br />. Property darnaged.if the restoration or repair is economically feasible and Lender's�ecurity is not lessened. If the restoration or .. . - ` -'` �--
<br /> repair is not economically feasible or Lender's security would be lessened.the insurance proceeds shaU be applied w the sums • ' , _ ..�c.
<br /> secured by this Security Insirument, whether or not then due. with any excess paid to Borrower. If Borrower abandons the __
<br /> . . . ��: _�
<br /> Property. or does not answer within 30 clays a notice from Lender that the insurance carrier fia,offered to settle a claim,then ' • _ _
<br /> Lender may collect the insurance pmceeds. L.ender may use the proceeds to repair or restore the Property or to pay sums ;�__
<br /> secured by this Security Instrument,whether or not then due.The 3!?-day period will begin when the notice is given. � '``�=-
<br /> Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or ���='n��
<br /> os one tlie due date of the munthl a ments referred to in ara ra hs t and 2 or chan e the amount af the a ments. If �.`Y ?
<br /> �"•- .'rr. t
<br /> P tP Y P Y P g P S P Y . ��,�y;�,��„�..�
<br /> under paragraph 21 the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting from � �,.
<br /> • damage to the Property prior to the acquisition sha11 pass to Lender to the extent of the sums secured by this Securiry Instrument � �� 4 . ��--�,,�.--,��
<br /> immediately prior to the acquisition. - •-=-.=-='-���-'° -=
<br /> .,,� 6.Uccupancy,Preservation,Maintenance and I'roteMIon of the Property;Borrower's Loan ApplIcation; Leasehold5. - �° ��
<br /> _ ..� .,,_..�..
<br /> Horrower shall occupy,establish,and use the Property as Borrower's principal residence within sixty days after the execution of _ ��.;r���
<br /> ,��• this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after �- �"` ";)'-
<br /> the date of occupancy, untess Lender otherwise agrees in writing, which consent shall not be unreaconably wi[hheld,or unless �.`• j• �'.f� .
<br /> eztenuating circumstances exist which are beyond Borrower's control. Borrower �hall not destroy, damage or impair the .w� •: 1.�,
<br /> . Praperty, 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 criminal, is begun that in l.ender's good faith j u dg m e n t c o u l d r e s u l t i n f o r f e i t u r e o f t h e ' '�"�` �.�" �:• � ��
<br /> Property or otherwise materially impair the lien created by this Security Instrument or Lender's security interest. Borrawer may ��"�`�� '�= . .• b,(�
<br /> cure such a default and reinstate,as provided in paragraph 18,by causing the actian or praceeding to tse dismissed with a ruling .'` : °,�,-; •"' °
<br /> that, in Lender's good faith determination, precludes forfeiture of the Borrower's interest in the Property or other material "'Y`�'��,. ` �s
<br /> impairment of the lien created by this Securi[y Instrument or Lender's security interest. Borrower shall also be in default if ,:. �' ,i� .'� �,*'
<br /> Borrower,during the loan application pracess,gave materially false or inaccurate information or statements tc.Lender(or failed ' '_;� �„
<br /> to provide Lender with any material information)in conne�:tion with the loan evidenced by the fYote, inctuding,but not Iimiced }•.
<br /> ��,
<br /> to,representations concerning Borrower's occupancy of the Property as a principal residenee. If th�s Security[nstrument is on a - t[-�
<br /> leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee tide to the Property, the � - '+�"'''"
<br /> ��_
<br /> leasehold and the fee tide shall not merge unless Lender agrees to the merger in writing. �—, _
<br /> 7.Protectlon of Lender's Rights in the Property.If Borrower fails co perform the covenants and agreements contained in �"'•� �""%����
<br /> ,,� .
<br /> this Securiry Instrument, or there is a legal proceeding that may significandy affect Lender's rights in the Property (sach as a . �`�. .��'.
<br /> proceeding in bankruptcy,probate. for condemnation or forfeiture or to enforce laws or regulatians), tFien I.ender may do and ��:_{ � - ��
<br /> pay for whatever is necessary to protect the value of the F'ropeny and Lender's rights in the Property. Lender's actians may �"•"'
<br /> � include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court, paying •� �. '' -°
<br /> reasonable attomeys'fees and entering on the Property to make repairs. Although Lender may take action under this paragraph -- __ �`` � `�
<br /> T,Lender does not have to do so. +�' �.,
<br /> , An amounts disbursed b Lender under this ara ra h 7 shall become additiona: debt of Borrovrer secured b this �'�`�'"'''` ' -'
<br /> Y Y P g P Y ,•��,'_----•
<br /> • Security Insuument. Unless Borrower and Lende�agree to other terms of payment,these amounts shall bear interest from the ��."�°� -
<br /> dmte of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Banower requestirg ;.�,;;,;.� -. �
<br /> � payment. .�: � :. : �
<br />.� 8.Mortgage Insurance. If l.ender required mortgage insurance as a condition of making the loan secured by this Security _ �;�-�_
<br /> Instrument. Borrower shall a the remiums r uired to maintain the mort a 2 insurance in effect. If, for an reason, the �`�;:�,.:�;�`�''�"''� ��'
<br /> P Y P �I S S Y --- -,,,___.���:-__�---
<br /> mortgage insurance wverage required by L.ender lapses or ceases to be in effect. Borrower shall pay the premiums required to :_�
<br /> obtain coverage substantially equivalent to the mortgage insurance previously in effect.at a cost substanaally equivalent to the •"_=� -��+:•g.
<br /> , ' cost to Borrower of the mortgage insurance previously in effect, from an altemate mortgage insurer approved by Lender. If , . _ _ r.�'�_
<br /> substantially equivalent mortgage insurance coverage is not available. Borrower shall pay to l.ender each month a sum equal to _ . .
<br /> . one-twelfth of the yearly mortgage insurance premium being paid by Bonower when the insurance coverage lapsed or ceased to . . ��--�-� ��- � ~
<br /> `�'--��;;.:::" �.
<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 /> . � � ��
<br /> Pago 3 of 6 _ ' " .
<br /> � . 'ev+-'.
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