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<br /> � � 97� ���� � � , . , - ' .:o:
<br /> 5. Hazard or Property (ris�traucr. Burru��rr .h�ll krep thr impro�ement. now exict�ng ur her�tter crected on the � � .
<br /> Propem insured agaimt loy> b} tire. h:uard+ inrlud�Y1 within the ttrm "extenJrJ ro��raLe" and :�m other h:u:rrd�. including � , . :K
<br /> tl�xid,or flooding. ti�r«•hich [.ender reyuircti in,uran�e. Thi.in.ur;utrr.h:ill be maintain�J in thr:un��unh and fur the periudti � `f
<br /> that [.rnder reyuire,. Thr in,urance ramrr pruciding thc inwrance�halt he rhu,en b� Burru«er �uhjcct tu LenJrr', appro�al - • ' -
<br /> «hi�h ,hsll not be unreawnahl}• aithheld. If&�rro�crr failti a� maintam cucerage de��nhed :ibo�e. LrnJer ma}. at Lrnder'+ , - . •
<br /> op[iun.obtain cover�e tu protert I_cndrr\right�in the Propeny m acrorci:tnre with para�r,�ph 7. '. , � _
<br /> All iasurance pnlicic�and rene�al> >h:ill be a�cepwble te� Ixnder and +hail mclude a �t:uidzrd m��ngage �lau,e. (.ender , , . • , _
<br /> +hsll have the ri ht m hold the �licies and renewal,. If Lender re uires. Borroa•er.hall rom tl ���t�� Lendrr atl rerei h of `^��`--�-�`� - � -
<br /> �'� 8 A 9 P P Y� ., p
<br />_�s_� paid premiums and renewal notices. In the event of loss, Bnrrower shall give prompt notice tu the in,uranre rarrirr;uid Lender. _
<br /> ? Lendrr may make proof of loss if not made promptly by Bonower. � �� �� � <� � -
<br /> L'nle•.;s Lender and Borrower otherwise agree in writing,insurance proceeds shall be applied to restoration ur repair of the �"�"'•�"" ' '
<br /> � Propeny damaged, if the restoration or repair is economirally feasible and Lender's security is not lessened. If the restoration or . . ' -
<br /> ' repair is not economically feasibte or Lender's security would be lessened,the insurance proceeds shall be applied to the sums -_ .n,,.,-��
<br /> � secured by this Securiry Instrument, whether or not then due. with any excess paid to Borrower. If Borrower abandons the �•''�.
<br /> ' Property.or does not answer within 30 days a notice from Lender that the insurance carrier has offered to settle a c(aim, then - , — � �
<br /> � Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums . �''-`='--=-''��-�"`'
<br /> . 1 ," -L�—:--:_..
<br /> secured by this Security Instrument,wheiher or not then due.The 30-day periai will begin when the notice is given. '^�'�-^�,-��`-
<br /> � Unless Lender and Borrower oiherwise agree in writing, any application of proceeds to principal shall not extend or ,:-s,�:,`•'.': .
<br /> • postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of the paymenu. If • ��,���,;:�-;� �
<br />_ _.qt.y-�,.
<br /> .;i under paragraph 21 the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting from �.� F. S;t:.•
<br /> `�,.n
<br /> � damage to the Property prior to the acquisition shall pass to L.ender to the extent of the sums secured by this Security Instrument �.:------
<br /> .�"���.
<br /> '�� immediately prior to the acquisition. • • '�'=n"':
<br /> '; 6.Occupancy, Preservation,Maintenance and Proiection of the Property;Borrower's Loan Applicatian;I.easeholds. ` � .:fi;�'.,��:�.
<br /> =�7 Borrower shail occupy,establish,and use the Properry as Horrower's principal residence within sixiy days after the execution of ' ... _�..: .� ,:��
<br /> this Security [nstrument and shall conunue to occupy the Property as Borrower's principal residence for at least one year after ; '�:, -
<br /> �•�' the date of occupancy,unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless � : ";:.'�„�--``�:��:
<br /> _' extenuating circumstances exist which are beyond Borrower's control. Borrower shall not destroy. damage or impair the `- ' -� ��'; ;-.
<br /> Property, allow the Propecty to deteriorate.or commit waste on the Property. Borrower shall be in default if any forfeiture � , �.:. �� '�'.
<br /> action or procee,ding,whether civil or criminal, is begun that in Lender's good faith judgment could result in forfeiture of the •. ���� r"�' `
<br /> Property or otherwise materially impair the lien created by this Securiry 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 groceeding to be dismissed with a ruling ; l
<br /> � � ,F • 1'��._ _ ..
<br /> that, in Lender's gaod faith determination, precludes forfeiture of the Borrower's interest in the Properry or other material �3 ;�;� ;
<br /> impairment of[he lien created by this Securiry Instrument or Lender's security interest. Bonower shall also be in default if
<br /> :,. ,�. ",:�^..-
<br /> Borrower,daring the loan application process,gave materially false or inaccurate inforn�ation ar statements to I.ender(or failed i'�� ` .
<br /> ' to provide Lender with any material information)in connection with the Ioan evidenced by the Note,including, but not limited .� �,-� _ � �
<br /> to. representations concerning Borrower's oceupancy of the Property as a principai residence. If this Seeariry Instrument is on a
<br /> � leasehold, Borrower shall conlply with all the provisions of the lease. If Borrower acquires fee title to the Properry, the , �+ .�y
<br /> leasehold and the fee title shall not merge unless L.ender agrees to the merger in writing. �'���`��-
<br /> 7.Proteciion ot Lender's Ri�hts in the Property. [f Borrower fails to perform the covenants and agreements contained in . '.:;r,r ."_ �,,�;m
<br /> this Securiry Instrument, or there is a legal proceeding that may significantly affect Lender's rights in the Property (sucS�as a �•�;�"—
<br /> . -'�'-='�,::�;.
<br /> proceeding in banlwptcy,probate, for condemnation or forfeiture or to enforce laws or regulations),then Lender may do and . �- - _�
<br /> pay for whatever is necessary to protect the value of the Property and Lendei s righu in the Properry. L.ender's actions may : __,,.
<br /> include paying any sums secured by a lien wh%ch has priority over this Security [nstrument, 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 /> 7,Lender does not have to do so. - - �
<br /> - Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this �
<br /> Security Instrument. Unless Borrower and Ir.nder 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 l.ender to Borrower requesting .��'"��
<br /> payment. �� ' •� ,
<br /> __ ._�_
<br /> 8.l�lortgage Insurance.If Lender required mortgage insurance as a condition of making the loan secured by this Security - ' �� •
<br /> Instrument. Borrower shall pay the premiums required to maintain the mortgage insurance in effect. lf, for any reason, the �'r,�„nr�7`��'�
<br /> c�; -
<br /> .._,.
<br /> � mortgage insurance coverage required by Lender lapses or ceases to be in effect. Borrower shall pay the premiums required to �"''� ` � ' '
<br /> _ ,•`_r:.�:;�-..•�., :.:�.
<br /> obtain coverage substantially equivalent to the martgage insurance previously in effect, at a cost substantially equivalent to the � ,.
<br /> cost to Borrower of the mort a e insurance reviousl in effect, from an alternate mort a e insurer a roved b Lender. If `a �w
<br /> g S P Y S S PP Y ' `��s"�;::.,,''.:•,,:,::;.:-
<br /> substantially equivalent mortgage insurance coverage is nat available. Bonower shall pay to Lender each month a sum equal to ""'�"'"""�'"�""''
<br /> �,.,:.i,i-�:r.;.�.,�..
<br /> one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to •
<br /> be in effect. I.ender will accept,use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve ' �� � '�y`y�`�L'
<br /> � .Y'��� .1 .
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<br /> Form 3028 9190 � � +�u
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