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<br /> ' ' S. Huiait'd �ir Nr�iExMV litsuri�nce. H��rr��«•�r til���ll k���� tltc ii»���•����eii��nt,i�aw existing ur hereafter crecud un the
<br /> ' f'rurcrt}• intiured aEai�i�t lo,ti by lirc, h:v:irdti in�lu�lcJ �vnhin Iltr utrm "rxtcndrv mvrragc" and any uther haz:ud�.inc:luding
<br /> tluud���r OuuJin�.ti�r�vhich Lcndcr rrquirr� imuran�c. Tl��s in,in���n:c,halt hc rnaint.uncd m thc am��unn anJ fur tlx: peri�xt,
<br /> Il�at Ixiidcr rcyuira. '1'hc in.uranrc carricr pn�viding ihr intiur;uirc tihnll hc rhi�ticn by Borruw�r+uhjcrt to Lendcr',appr�rval .
<br /> �shich shall nut hc unnawnably ���ithhcld. If Hun•����cr I;iil. lu maintiiin rirvcra�c deticribrJ abave. IAnder muy. at Lcnder's
<br /> '� _.'�;M upti�sn, ubtain covcra�.c in prutcct Lcndcr'ti rightti in thc Pruperry in urcurJancc withparagraph 7. �
<br /> -• All insur.uice p��licies .ind renewal, ,hall he:icceptable tu l.�nder and shall in�lude a stundard murtgage clause. Lender ;'�
<br /> �hall havc thc ri�ln tu hnld thc policics and rencwal�.If I�ndcr rcyuirc�, Bnrrowcrshull pr�miptly give to LcnJ�r al! rcccipts of' ;,u
<br /> paid premiums und rencwal notires.In tttc event of loss, Barn�wcr�hull givc prornp�noticc to thc inyurancc carricr und Lender. _
<br /> Lender may makc pruuf of loss if not nu�de prc�enpdy by Horrower. �::-
<br /> Unlcss [.cnder und Borrower othcnvise abrc�in ariting, insuranr�procccds +hall hc applicd to restoration or repair of the �,._
<br /> ' Pr�uperty damagcd,if the restoration or repair is economically feasible und Lcndcr's sc�_urity is not Icssened. If thc rrstoration or �b+�-�
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<br /> repair is not economirally feasible or L�;nder'ti security wuuld be lessened,thc:insurance procet:ds shal l be app lie d to t hc sums �.�__.
<br /> ��' secured by this Security Instrument. whether or not then due. aith �ny excess paid to Born�wer. If Borrower abanduns the �_�
<br /> Property,or daes not answer within�0 day+a nntice from L.ender that the insurance carrier has offered to se:tle u claim, then �
<br /> Lender may collect the insurance proceecis. Lcnder m�ay use the procecds ta rep�ir or restor�the Propeny or to pay sums �s,
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<br /> secured by this Security Instrument,whether or mu then due.The 30-day period will begin��hen the notice is given. =-
<br /> Unlcss Lendcr and Borrowcr othcnvisc agrcc in writing, any application of procceds to principal shall not extend or "
<br /> postpone the due date of the monthly payments rcfcrred to in paragraphs ! and 2 or changc the umaunt of thc payments. If �`"�`-
<br /> �;� under paragraph 21 thc Property is acyuired by Lender, Borrowe�s right ta any insuranre policies and proceecis resullin�from .�.-,
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<br /> , dumage to the Property prior to the acquisition shall pas+to[.ender to the extent of the sums secured by this Securiry Instrument ,
<br /> , immcdiately prior to the acquisition. �""`
<br /> 6.Occupancy,Preservation. Muin4enunce and Pratcction oP the Property;Dorrower's Loun Application; Lenseholds. �..
<br /> � � Borrower shall occupy,establish,and use the Property ns Borrower's principal residence within sixty days after the execution of
<br /> . this Securicy Instrument and shall continue to occupy the Property as Borrower'�principal residence for at least one year after
<br /> �t,� �lar�- nf�rcun,ncv;unless Lender othenvise a�rees in writin�, which consent shall not be unmasonably withhetd,or unless
<br /> • extenuating circumstances er.ist which are beyond Borrower's control. Borrower shall nat destroy, damage or impair the
<br /> ' •� Property,allow the Property to deteriorate, or cammit waste on thc Property. Borrower shall be in default if any forfeiture —
<br /> • action or proceeding, whether civil or criminal,is bcgun that in Lender's good t'ai�h judgment could resa��in forfeiture of the
<br /> . . Property or otherwise materially impair the lien creatrd by this Security Instrument or Lender's security interest.Borrower may
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<br />',.,�;;, •:;t;;;�, cure such a default and reinstate,ns pr.�vided:n pacagraph 18,by causing the action or proceeding to be dismissed vvith a ruling
<br /> `�ti'` that,in Lender's ood faith dcterminati�n, precludes forfeiture of the Borro�ver's interast in the Properry or other mzzeiisil
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<br /> �f.,��'�`'1J•'';`•` • impairment of the lien created by this Security Instn►ment or I.ender's security intemst. Borrower shall also be in default if
<br />=�- ���' �'��= Borrower,during the lo�n application pracess,ga�•e materially false or inaccurate inforniation or statements to Lender(or failed
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<br /> _ ,, .,;.., to provide L.ender with any material information)in connection with the loan evidenced by the Note,includin�,but no2 limited
<br /> �,,�;°;,:•.s ` to, representations conceming Borrower's occupancy of the Property as a principal residence.If this Security Iristniment is on a
<br />�•�,��;�t;��; Icasehold, Borrowar shall comply with aU the provisions of the lease. If Borrower acquires fee tide to thc Prope�ty, thc
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<br /> �;T�� leaschold and thc fec title shall not merge unless Le�tder agrees to the merger in writing.
<br /> s..j:,r�;:.�?!� 7. Protection oi Lender's Rights in the Prog�erty. If Bonower fails to pert'orm the rnvenants s�nd a�reements contained in
<br /> J±�,+�'� this Security instmment,or there is a legal proceeding that may significantly affat I.ender's rights in the Property(such as a _
<br />�:;,�����;:� procceding in bankruptcy, probate,for condemnntion or forfeiture or to enforce laws or regulations),then Lender may do and
<br /> ""�!:"�rs' a for whatever is nec___. � � „*otPr� rhe value of the Property and L.ender's nghts in the Property. Lender's actions niay __
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<br /> -:..'�'������ include paying any sums secured by a lien which has priority over this Securiry Instcument, appearin� in court. paying _
<br /> _�'����� rcasonable uttorncys' fees�utd entering on the Propeny to make repairs. Although Lender may take action under this paragraph
<br /> -- ==�'°`-`�=�� 7, Lender does not have to do so.
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<br /> __ a=��"'°� Any umounts disbursed by Lender undcr this para�raph 7 shall become additional debt of Bonower secured by this
<br /> •�",�'�r' ��M�� Security Instrumcnt. Unless Borrotiver and[.ender agre�e to other terms of payment, these amounts shall bcar intcrest from the
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<br /> _.:�'!'„��{�:.,�y±,,: date of disbunement at the Note rate and shall be payable, with intcrest, upon rtotice from Lettder to Borrower r+equestin�
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<br /> -. � �,{.,t• ''� S.Mortgage Insurance.if Ixnder required mortgage insurance as a condition of making the loan secured by this Security
<br /> �;.;i;i' Instrument, Borrow�r�hall pay the premiums required to maintain the mortgage ins�irance in effect. If, for any reuson, the
<br /> �.'^'' ' mongage insurance coverage required by Lender lapses or ceases to be in effect.Borrower shull pay the premimxes required to -_
<br /> . obtain covera�e substantially equivalent to the mortgafie insurance previousty in effect,at a cost substantially equivalent to the r,
<br /> ' cost to Borrower ot the mn�tgiige insurance previously in effect, from an alternate mortgage insurer approved by Lc:ndcr. If �`'W_
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<br /> .ti suUetanti�lly equivalent mnrcgagc insurancc covcrage is not avuilable,Borrower shalt pay to L�.nder euct►month a sun� cqual to �::._
<br /> �' x one•twelfth of the yeivly mnrtgnge insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to ��r,:
<br /> •, s be in effcct. Lendcr will accept, use and retain these paymants as u loss reservc in 1 ieu of ma�rtgase insurancc. I.acs reserve
<br /> � " T� Form 3�28 9190 `
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