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<br /> 970 1G�,�19 ��.�� ` ��.���
<br /> �� 5. Hauted or Propert} Inyurunrr. B�ttrrn�rr .hall ke�p thr �mpru�rment, nu« eiititing ur hrrcafter cre�t�d un thc ; .�;�---
<br /> i Pr��prrt� �n.ured a�ain,t I��+.M tirr. h:vard.mcludrJ w�thm the t�rni "�ttend�d �o�rragr" snd am u[her harardti. �ncluJing � �, .'. a —
<br /> � tluud+ur Bouding. ti�r uhirh L.enJ�r rcyuire>�n�ur.�n�r. Thi.imurance .hall he m:iintaincti in the:uttuunt�and ti�r the prriud� . � . '"�'�
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<br /> •, th:tt Lcnder reyu�re,. The in.ur.in�e rarrirr pro�idmg thc imuranrr ,hall hr chu,en M Burrowcr,ub�rrt tn Ltnder',appruval .1- _,� _-,�_ __-T
<br /> ,tihich tihall not lx unrrstiunabh ttILIlI1CIt1. It BUI7l1Nti t:lll\10 maintain ���veragc J��cribal abu�r. Lrnder n�y. at Lrndrr', •. �. �``
<br /> ' ��ptiun.ubtain ro�erage w pmtert Lender'.riehts in the Propertq in arcorcianre with paragraph 7. ` . '. ; �.
<br /> � Al! insur.mre policie� anJ renewal> >h:ill be accept:�ble w [.ender and tihall include r titand�rd mortgage clau�e. Lendcr _ ' '
<br /> -:i??
<br /> - Shall have the right to hald the policies and renew•alti. If Lender require�. Barcower shall promptly gi�•e to Ixnder:ill receipts of = _
<br /> ' paid premium�and ren�wal notices. In the e��ent of loss.Borruwer�hall gice pmmpt notire to the insurance rarrier and Lender.
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<br /> s Lendcr may make proof of loss if noi made prompdy by Burrower. � ,�� ;.
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<br /> � Unless C,ender and Borrower otherwise agree in writing,insnrance proceeds shall be applied to restoration ur repair of the , - , � '�-v_ �_�
<br /> '. Property damaged.if the restoration or repair is economically frasible and Lender's security is not lessened. If the restoration or �'�""-'"''��"�~_:�'- _
<br /> ' repair is not economicxlly feasible or Lender's security wuuld be lesseneci.the in�urance proceeds shall be dpplied to tfie sums • • � � _
<br /> secured by this Security Instrument, whether or not then due. with any excess paid to Borrower. If Barrower abandons the '•°�---
<br /> Propeny, or dces not answer within 30 ciays a notice from Lender that the insurance carrier has offered to settle a claim, then ,:,-y_
<br /> , Lender may collect the insurance proceeds. Lender may�use the proceeds to repair or restore the Property or to pay sums . �� �1,�
<br /> secured by this Security Instrument,whether or not then due.�['he 30-day period will begin when the notice is given. ��''��'"'6--
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<br /> ~; Unless Lender and Borrower otherwise agrce in writing. any application of proceeds to principal shall not extend ar -�-• __--
<br /> v .�;:'-,--,-�-�—-
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If _�..:� � ����,�_____
<br /> under paragraph 21 the Property is acquired by Lender. Borrower's right tu any insurance policies and proceeds resulting from -' �����
<br /> damage to the Property prior to the acquisition shall pass to Lender to the e�tent of the sums secured by this Security Instrument 4t ' ��
<br /> immediately prior to the acquisition. �i""�"= a�'-�'���
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<br /> � 6.Occupancy. Preservation,ylaintenance and Pro4ection of the Property;BorroK�er's Loan Application;Leaseholds. ,�:�J_' _ _
<br />- ; Borrower shall occupy.establish.and use the Property as Borrower's principal residence within sixty days after the execution of � �
<br /> this Securiry Instrument and shall continue to occupy the Propeny as Borrower's principal residence for at least one year after ' ::�°,-�
<br /> .,:
<br /> the date of occupancy,unless Lender otherwise agrees in writing, which consent shall not be unreas�nably withheld, or unless • �.-'� � s`. ._•.,.
<br /> • extenuating circumstances exist which are beyond Borrower's control. Borrower shall not destroy, damage or impair the -;.�Y i •
<br /> Property, allow the Properry to deteriorate, or commit waste on the Propeny. Bonower shal! be in default if any forfeiture .,;y;;;,,,; � �,'i��
<br /> k,, action or procee.ding, whether civil or criminal, is begun that in Lender's good faith judgment could result in forfeiture of the ..y '' ,
<br /> ',e^_„ . .
<br /> t Propeny or otherwise materially impair the lien created by this Securi[y Instrument or Lender's security interest. Borrower may �� .�
<br /> cure such a default and reinstate.as provided in paragraph IS,by causing the action or proceeding to be dismissed with a ruling ' � r
<br /> �► that. in Lender's good faith determination, precludes forfeiture of the Borrower's interest in the Property or ather material ' _�� �- --
<br /> � impairment of the lien created by this Security Instrument or Lender's security interest. Borrower shall aiso be in default if �^`�� • �,.'
<br /> Borrower,during the loan application pmcecs,guve materialiy false or inaccurate infarmation or statements to l.ender(or failed "��!?'' '- .1t . �
<br /> s�� to provide L.ender with any material information) in connection with the loan evidenced by the Note. includin�, but not limited
<br /> to, representation�concerning Borr�wer'ti accupancy of the Propeny as a principa! re+idence. ff this Security Instrument is an a �
<br /> leasehold. Borcowcr ,hall comply with all the provisiuns of the Icase. If Barrower acquires fee ti[le to the Propeny, the '� �4i�'� -"'"'
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<br /> leasehold and the fee title.liall not merge unlcss I.cndcr agree+to the merger in writing• �,�L��
<br /> 7.Pro2ectton oP Lender's Ri�hts in the Praperty.If Sorrower fail.to perform the wvenants and agreements contnined in � �'j 4'�"-;`,'-���.�:;,..
<br /> •�� this Security Instrument, or there is a legal p•rocesding that may signifirantly affect Lender's rights in the Property (such as a ��_"`"•�.>'�-�`y-
<br /> proceeding in bankruptcy, probate. for wndemnatian or forfeiture or to enforce laws or regulaCsons), then Lender n�ay do and �`, ' � y,`�''�"'�""�� —
<br /> pay for whatever is necessary to protect the value of the Propeny and [.ender's rights in the Property. Lender's actions may �
<br /> rr_':
<br /> include paying any sums secured by a lien which has priority aver this Security lnstrument, appearing in court, paying �' . . — �
<br />� reasonable attorneys' fces and entering on the Property to make repairn. Although l.ender may take action under this pazagraph ':�s, .'"""�"—'° -
<br /> • 7.Lender does not have to do so. °�'~�"'"� "�- �
<br /> ,= Any amounts disbursed by I.ender under this paragraph 7 shall become additional debt of Borrower secured by this •}�••� :T�:-�
<br /> � Security Instrument. Unless Borrower and Lender agree to other terms of payment,these amounts shall bear interest from the .�•° • ,
<br /> date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requestins •.���*{-
<br /> payment. �- .r:x�u� x��,,,r�
<br />� 8. Mort�e Ixisurance.If Lender required mongage insurance as a condition of making the loan secured by this Securiry e��.�- c
<br /> _;.�+T'��p�tT_3� ..
<br /> Instrument. Borrower shall pay the premiums required to maintain the mortgage insurnnce in effect. If, for any raason, the �.
<br /> �.��;_" �►j'+�'% �.:
<br /> mortgage insi�rance coverage required by Lender lapses or ceasex to be in effect. Borrower shall pay the premiums required to .r�*��y�,_ _
<br /> obtain coverage substantially equivalent to the mortgage insurance previausly in effect, a[a cost substantially equivalent to the
<br /> r•....•.ri9�_:r.'_._.
<br /> cost to Borrower of the mortgage insurance previously in effect, from an altemate mortgage insurer approved by I.�:nder. If �-"���� ��� ���--��•�.
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<br /> substantially equivalent mortgage insurarice caverage is not available, Borrower shall pay to Lender each month a sum equal ta :�•:;�J,� -.,;�,;;,;., ..
<br /> one-twelfth of the yearly mortgage insurance premium being paid by Bonower wh:n the insurance coverage lapsed or ceased to , .
<br /> � be in effect. Lender will accept,use and retain these payments ac a loss re,erve in lieu of mortgage insurance. Loss reserve '"'"� �. - --
<br /> Form 3028 9190 � '
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