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<br /> � 9?°° iG�.3�� : ' �.
<br /> ���-� � � . ,
<br /> g, Hazard or Property Insurance. BorroK•er >hsll keep the impru�•ementti noa rxi,ting or here�efter erected on the : ; :
<br /> Pmpertp in�ureci againnt lu,s by fire. hazard� included withm the term "e�tended ru�erage" :�nd an} other hazards, including . . , t
<br /> , flo�uiti ur tlo�tiling. for Hhich Lender require+ irnurance. This in�urance shall be maintaintd in the smount�and for the periods � , : ` r
<br /> that Lender require+. The in.,urance r.�rrier pro�iJing the in�urance,hall be cho,en by BorroN'er wbjc�t tu Lender'�appn»•al .
<br /> : �. •i .:�z
<br /> which �hall nut be unreasonably withheld. If Bormwer fails to maintain�overage de�cribed abo�•c. L.�:nder maJ�. at L.ender s .
<br /> option.ubtain co�•erage ta protect Lender'�rights in the Property in accordance with paragraph 7.
<br /> - A!! is3surance policie. and renewals shall be s�ceptable to L.endes and shall include a�tandard mongage rlause. lxnder .�,�.,_
<br /> �•_�:��--
<br /> • shall have the Rght to hotd the policies and renew•al+. If L.endzr require�.Borrow•er shali prompti}�give tu Lender ait receipts of — �—
<br /> � paid premiums and renewal notices.In the event of loss,Borrower shall give prompt nutice to Lhe insurance carrier and Lender. , ` - .
<br /> i.e n d e r m a y make proof of loss►f not made prompdy by Borrower. �����---.y__ � -_
<br /> Unless Lender and Borrower otherwise agree in writing,insurance psoceeds s h a l{ be app li e d to res t o r a u o n o r re p a i r o f t h e •, . ._r.��� __.
<br /> Property damaged.if the restoration or repair is economically feasible and Lender's security is not lessened.If the restoration or • �_5 •-=--• •,.'�. ... _
<br /> repair is not economically feasible or Lender's security would be IessenQd. the insurance proceeds shall be applied to the sums Y�„�e.
<br /> ' ` secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If Borrower abandons the ,,-.,f,_�w��:wa�: .,
<br /> ` Property, or daes not answer within 30 days a notice from Lender that the iasurance carrier has offered to settle a claim, then ; �tt�_._....�T_
<br /> I.ender may coltect the insurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay swns 's_..
<br /> ` secured by this Security Instrument,whethe:or not then due.The 30-ciay periad will begin when the notice is given. - :
<br /> • Unless Jxnder and Borrower otherwise agree in writing. any application of proceeds to principal shall not extend or ;.�,�,�_
<br /> � postgone the due date of ihe monthly payments referred to in paragraphs 1 and Z or change the amount of the payments. If �:..�;� ,
<br /> under paragraph 21 the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulUng from , "�
<br /> '. dama e to the Pro e rior to the acquisition shall pass to L.ender to the extent of the sums secured by this Security Instrument .,,, � .�����, _
<br /> g P ►tY P .�.r .�.. '{► . t-
<br /> immediately prior to the acquisition. ___ "` i"`
<br /> ' 6.Occapancy,Preservation.tiainteaance and Protection of the Property;Borrower's Loan Application;Leaseholds. y}�
<br /> . within six da s after the execution of --����`_-_ :
<br /> ���: Bormwer shall occupy.establish,and use the Property as Borrower's principal residence ty Y ;_r, - . .
<br /> � this Securiry Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after �
<br /> .x . ���.
<br /> • the ctate of occupancy. unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or un]ess -,� •; +
<br /> " extenuating circumstances exist which are beyond Borrower's control. Borrower shall not destroy. damage or impuir the •.:..
<br /> Pro ert , allow the Property to deceriorate, or commit waste on the Property. Borrower shall be in default if any forfeiture .`;� �J.
<br /> a P Y
<br /> action or proceeding,whether civil or criminal,is begun t hat in L en der's goo d f a i t h j u d g 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 L h e Y'� '�� ': ��
<br /> , ,�,,.
<br /> Property or atherwise materially impair the lien created by this Security Instrument or Lender's security interest.Borrower may . , .
<br /> cure such a default and reinstate,a+provi d e d in paragrap h 1 8,b y c a u s i n g t h e a c t i o n o r p r o c e e d i n g t o 6 e d i s m is s e d with a rulin g �,
<br /> . r ludes fa r feiture of the Borrawer's interest in the Praperty or ather material ,�'�`�'..
<br /> t h a t, i n l.e n d e r's g o o d f a i t h d e t e r m�n a u o n, p e c
<br /> . impairment of the lien created by this Security Imtru�nent ur Lcnd�r'. tiecurity intere,e. Horrawer s ha U u lso be in de fau l t i i -'� • '" . �
<br /> ' �-ai+
<br /> Borrower,during the loan application pmcess,gave materially fulre or inaccurate informatian or+tatemen�c to Lender lor failed _,�_ :'+�,�,•. .
<br /> _ ta provide Lender with any material informationl in c�mnectiun with the luan evidenceJ by the Note. including,but not limited ��
<br /> ' ti •i�•erni n Bo r m w e r's u c c u p a n c y o f t h e Pro pen y a,a princi pal residence. if this Secucity Insttument is on a 'y_ " '���;�;,;,,
<br /> to,representanon u i� g
<br /> � ' lea.rchold. Barrowcr shall cnmply with all the provi.riam ��f thc Ir:►sc. If Bonowcr acquire+ fce title to thc Property. the - ��' ''"•`::4
<br /> lpsehold and the fee title shall not mergc unlcsti I.ender agreey to the merger in writing. �'�:-
<br /> �"%?
<br /> 7.Protectlon of[.ender's RlRhts da the Property.If Borruwcr fail.r tc�perfurm the covcnants and a�reements contained in �-�'�__
<br /> � � this Security lnstrument. or there is a legal proceeding that may signifirantly affect Lender's rights in the Property (such as a �'���'_
<br /> �.§_;;Q.
<br /> ` proceeding in bankruptcy, probate, for condemnation or forfeiture ar to enforce laws or regulationsf, then Lender may do and _._ , _
<br /> pay for whatever is necessary to protect the value of the Property and I.ender's rights in the Property. Lender's actions may ��
<br /> include paying any sums secured by a lien which hati priority over this Security Instrument, appearing in court, paying �
<br /> ' reasonable attomeys'fces and entering on the Praperty to make rcpairc. Although Lendcr may take action under this para�h - • __-_-
<br /> 7,Lender does not have to do so. �' '� •��'.:'
<br /> Any amounts disbursed by Lender under this paragraph 7 shdll become additional debt of Borrower secured by this _..°�_ �
<br /> �..��.�-�..-._:-
<br /> _ • Security Instrumcnt. Unless Borrower and Lender agree to other term�of payment,these amounGS shall bear inceresi frum tI�C _ _ __
<br /> date of disbursement at the Note rate and shall ba payable, with interest, upon notice from Lender to Borrower requesting .t�:-._�.
<br /> payment. _�
<br />' S.Mortgage Insurance.lf L.ender required mortgage insurance as a condition of making the loan secuted by this Security „�„��„�a:;__
<br /> Instrumcnt. Borrower shall pay the premiums required to maintain the mortgage insurance in eFfect. If, for any teason. the �,�;;�;,r,;s;,�„�',.,;�,•�___.
<br /> �. , mortgage insurarrce coverage required by I.ender lapses or ceases to be in effect, Bonower shall pay the premiums required to -- - --
<br /> � obtain coverage substantially equivalent to the mongage insurance previausly in effeet,at a cost substantially equivalent to the '
<br /> � cost to Borrower of the mortgage insurance previously in effect, fram an altemate mortgage insurer approved by l.ender. If �����.•.
<br /> • � substantially equivalent mortgage insurance coverage is not available.Borrower shall pay to Lender each month a sum equal to �� '�"�!?,i,�.���-
<br /> . one-twelfth of�he yearly mortgage insurance premium being paid by Bonower when the insurance coverage lapsed or ceased ta - ��-+�:�rra.••.if, 1
<br /> � ` be in effect. l.ender will aceept, use and retain the�e payments at a ln.rs reserve in lieu of mortgage insurance. Loss reserve . _ _,�;�:
<br /> , Form 3028 9190 � � . .
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