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<br /> g. Ha7ard or Fh'opert� ItLSUrance. Burru�►rr .halt kerp the impruvement, nuw' csi�tin� ur htr�after ere�ted un the � - �
<br /> �. Prupem imurctii against lu�� h} tire, h:v�rd� inrludcd��ithin the term "eYtrnded ro�erage" and am other h:uard.. includtng : __
<br /> Fload,c�r flo�x�ing. f��� µhirh Lrndcr reyuire> imur3nc�. Thi�in�ur.�nre�hall he maint�in�d in thr amuuntti;uid ti�r the period. ,,.� ;�
<br /> � that Lender reyuirr�. The �n,uranr�rarrier pru�idin�* thr in..uran�e�hall he rhu,�n h} Burr.��+er +uhjert t�� L�nder'.appm�al . ,,;.
<br /> whirh .h:ill nut be unrra+onabl} «��thh�IJ. [C Born�wer fail, tu maintain cu�'erage de+rrihrJ ahu�e. LenJer ma�, at L.�nder'� , .�� .�
<br /> ��ptiun.ubtain coverage tu protert LenJrr'�right,in thr Froperty in acrord:►n�e a ith paragr.�ph 7. ' . ' �
<br /> All insurance policie> :u�d renewal. .hall hr a��eptable to ixnJer anJ tihall inrlude a +tandard murtgagc: �lause. [,ender ,
<br />� shall have the rigi�i tu hoid ihe pc�ts.:c,and reReual.. [f lzr.der requires.Bc�nou•er�hall �+r�miptly gi�•e tu I.cnJer all n�eipt�of _ __ R __ __
<br /> � paid premiums and renew�al notice,. In the evem uf los,. Borcower shall gice pmmpt notire tu the intiurance rarrier and L.ender. : T
<br /> Ixnder may make prouf o(lo„if not made prompdy b}•Burrvwer. �-�=�—�"'
<br /> Unless Lender and Borrower otherwise agree in writing, insurance prn�eeds shall be app[ied to rc.�toration or repair nf the • .
<br /> property damaged,if the restoration or repair is economically feasible and l.ender's security is not les�ncxi.If the rentaration or , . . __
<br /> ''• repair is not economically feasible or Lender's security would be lessened,the insurance procee6s shall be applied to the sums - _
<br /> secured by this Security Instrument, whether or not then dae. with any excess paid to Borrower. If Borrower abandons the :_ , __,_.. . •.`: :,,_ _
<br /> - � �..._ „ • �.,,m 1`n`1nr that tha incnrance rarrier ha+offered ro settle a claim. then _ _ __�._.._ •
<br /> Property. or dQes not answer wiiniu 3v uay�a��..�=..--.. — -- -
<br /> �..�..;�,, �
<br /> • Lender may rnllect the insurance pmcYeds. Lender may use the proceeds tn repair or restare the Propecry or to pay sums _ ��_,.-
<br /> ..�.::�•.r::,-
<br /> secured by this Security Instrument,whether or not then due.The 30-day period will begin when the notice is given. �`�. ___,_�,-.
<br /> Unless Lender and Borrower othenvise agree in writing, any application of proceeds to principal shall nat extend or ��
<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 /> ��. under paragraph 21 the Property is acyuired by Lender, Borrower's right to any insurance policies and procceds resulting from � � _-.°,;E�°
<br /> . �r��:�:-:—
<br /> damage ta the Properiy prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security Instrument , , x�
<br /> �.:;'i-=:_,
<br /> ';. immediately prior to the acquisition. ', �.'���
<br /> � �-.•�:---
<br /> •'`: 6.Occ�pancy.Preservation,Maintent►nce and Protection of the Property;Borrower's Laan Application;Leaseholcts. : �. � . ,{_
<br /> • Borrower shatl occupy.establish,and use the Property as Borrower's principal residence within sixty days after the execution of ���'�"_�'°,.sw.
<br /> . �,�..:;�
<br /> this Seeurity Instn�ment and shall continue to occupy the Property as Borrower's principal residence for at least ane year after --- -- •:�`�=-
<br /> � the date of occupancy.unless I.ender otherwise agrees in writing, which consent shall not be unreasonably wit6held,or untess ,,
<br /> extenuating circumstances exist which are beyond Borrower's control. Bortower shall not destroy, damage or impair the : ,
<br /> Ilow the Pro ert to deteriorate, or commit waste on the Property. Borrower shall be in default if any forfeiture ;' ,� �:*1}`(�y�
<br /> ... Property. a P Y
<br /> action or proceeding, whether civil or criminal,is begun that in I.ender's gaod faith judgment rnuld result in forfeiture of the --r.¢
<br /> Properly or otherwise materially impair the lien created by this Securiry Instrument or l.ender's security interest. Borrower may �^.`��•� , �:�:.
<br /> ���:. .
<br /> cure such a default and reinstate,as provided in paragraph 18,by causing the action or praceeding to be dismissed with a ruling '_�_: i„ :.
<br /> ,, that, in l.ender's good faith determination, precludes forfeirure of the Borrower's intesest in the Propeny or other material �,_,�;�' ` '' '`
<br /> " impairment of the lien created by this Securiry Tnstrument or i.ender's security interest. Borrower shall also be in default if ;
<br /> Borrower,during the loan application proces.s,gave materially false or inaccurate information or s[atements ta l.ender(or failed ���,� —
<br /> l..:
<br /> nder with an material inforn►ation)in connection with the loan evidenced by the Note,including,but not limited ����,>�•� .---
<br /> to provtde l.e y •
<br /> to, representations conceming Borrower's occupaney of the Property as a principal residence. If this Security Instrument is on a ,�,,,tJ , • , � . ••-.
<br /> ,_w�•�f�-. �:_
<br /> � leasehold, Borrower shall comply with a11 the provisions of the lease. If Borrower acquires fee titte to the Property, the ,i ����.�;•
<br /> � leasehold and the fee title shall not merge unless Lender agre�to the merger in writing. ��' ---
<br /> - 7.Protectton of Lender's Rights in the Property.if Borrower fails to perform the covenantti and agreements contained in
<br /> r
<br /> this Securi instrument, or there is a legal procecding ��at may significantly affect Lender's rights in the Property(such as a ���� ' ,��""
<br /> ty ;>.�.,; �
<br /> proceeding in bankruptcy, 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 L.ender's rights in the Property. Lender's actions may . ;�,,- ,.�
<br /> _a:�;.� r;:•--
<br /> include paying any sums secured by a lien which has priority over this Seturity Instrument, appearing in court, paying _ �- '�' +��
<br /> reasonable attomeys'fces and entering on►he Properry to make repairs. Although Lender may take action under this paragraph --
<br /> � 7. Lender does not have to do so. -'-T
<br /> ,' Any amounts disbursed by L.ender under this paragraph 7 shall become additionai debt of Borcower securod by this
<br /> • Security Instrument. Unless Borrower and Lender agree ta other terms of payment,these amounts shall bear interest from the � ; __
<br /> ' date oi disourseu,c�.+a� uic �vocc ra�e a��� �i�all be payable, with interest, upon notice from Lender to Borrower requesting � �;_�
<br /> ' '' payment. ;;n.r�_Y
<br /> � 8.Mortgage Insurance.lf Lender required mortgage insurance as a condition of making the loan secured by this 5ecurity .4 ,..�,�;__�_�;
<br /> Instrument, Borrower shall pay the premiums required to maintain the mortgage insurance in effect. If, for nny reason, the -::,�:.,;•..::
<br /> �, ,
<br /> . mortgage insurance coverage required by Lender 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 substantially equivalent to the �,;:,s�,��,;.,b ' .
<br /> � cost to Borrower of the mortgage insurance previously in effect. from an altemate mortgage insurer approved by Lender. if . : �-.
<br /> substantially equivalent mortga�e insurance coverage ic not available.Borrower shall pay to Lender each month a sum equal to '��..: • : —
<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.Lender will ar.cept, use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve ,,.�^..j f�k_N,,.�
<br /> ...k...,,,:��-���_
<br /> .. Form 3028 9190 :•,'".-�,;.y��;:;,���: �
<br /> Page 3 of 8 - � � � � F
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