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<br /> S. Hazard o�• 4'ra�perty bitiuruncc. Ilorrowcr shall kecp thc improvcmcnts now c�istin�; nr licrcaAcr crcct�d �m thc
<br /> Pmperry insurcd ugainst loss by firc, I�urards included within thc tcrui "cxtcnded covcrngc" nnd any c�thcr ha•r.ards, including
<br /> flaxis ur floaling, for whirh l.cndcr rcquires insurancc. This insuraucc shall hc muintuincd i ri th�r. �mc�unts an�! fi�r thc perials
<br /> thut l.endcr rc.yuires.Thc insurancc rarricr prnviding th� insurancc shall Uc chosen by Qorrowcr �abject t�� l.cndcr's approvnl
<br /> which �hali not be unreusonubly wlthheld. If Hvrrower fuils to maintain cuvrruge described alx���e,I..ei�cr may, at Le��der's
<br /> opti�m,obwin covew.�ge tu preitect L,ender's rights in the Praperty in ar.cardance with parngraph 7.
<br /> All insurancc policics und rencwals shull bc acccptubic to l.cndcr and shnli includc u standani rnongage clausc. Lcnder
<br /> shail have the right to liold Ihe policics And �enewuls. If Lencler requires,Borrower shull pramptly give to Lerxler al! receipts of
<br /> paid premiums nnd renewal notices.In the event of lo�.c,Borrower shall give prompt notice ta the insura�xe carrier und I.endeR.
<br /> I.ender may muke proof of loss if not made promptly by Borrower.
<br /> Uuless l.ender and Borrowcr otherwisc agrec in writing, insurance proceeds shall be applicd torestorntian ar repair af the
<br /> Propcitiy damagai. if thc rataration or repair is economically feasible and L.ender's security is not lasened. If the rcstoration or
<br /> repair ls not ecunomically feasible or Lender's security would be tes.cened. the insurance proceods shal i be applied to the sums
<br /> secured by this Security Instxument, whether or not thcn due, with any cxcess pald to Iiorrower.If Borrower ubandons the
<br /> Propeny, or does not unswer wlthin 30 days a i�otice from i.ender that the insurance carrier has offered to settle n clnim, then
<br /> Leixler may collect the insurance proceeds. Lender may use the prceceds to repair or reston the Praperty or to pay sums
<br /> securec!by this Security Ins�rument.whether or not then due.'fhe 30-day period will begiti whcn tfie notice is given.
<br /> Unless Lender and Borrower othenvise agree in writing, any application of proceeds to principal shall not extend or
<br /> pastpone the due date of the monthly paytnen►s refemed to in paragt�phs 1 and 2 or change the amount of the payments. If
<br /> undcr paragraph 21 thc Property is acquircd by Lender,Bonower's right to any insurance poUcies and proceeds resulting fr�m
<br /> damage ta the Propeny nrior to the acquisition shall pass to I..ender to the extent of the sums sccuredby this Security Instrument
<br /> immediately prior w thc acquisition.
<br /> 6.(kcupracy, Prcservatla�, Mpintenanoe xnd Protectton oi the Property; Borrower's Los�n ApplicAtlon;I.easeholds.
<br /> Borrower shall occupy,establish,and use the Property as 1Borrower's principal residence within sixtydays after the execvtion of
<br /> this Security Instrument and snall continue to occupy the Property as Bonower's principal residena for at least one year after
<br /> the date of occupancy,unless Gendcr otherwise agrees ia writing, which consent r,hall not be unreawnably withheld. or unless
<br /> extenuating circumstances exist which are beyond Borrower's cantrol. Bonower shall not desttoy, damage or impair the
<br /> Property, ullow the Proptrty to deteriorate, or commit waste on the Property. Borrower shall be in default if any forfeiture
<br /> action or procuding,whether civil or criminal, is begun that in Lender's good faith judgment couM result in forFeiture of the
<br /> Propeny or otherwise inatcrially impair the lien created by this Secudty Instrument or I.�ruler's secuiity interest. Borcower may
<br /> cure such a default and relnstate,as providai in paragraph 18,by causing the action or proceeding to be dismissed with a xuling
<br /> t. that, in Lender's gcwd faith determination, pra:ludes forfeiture of the Bonower's interest in d.e Property or other materisl
<br />- impairn�ent of the lien crated by this Security Instntment or I.ender's security interest. BorrowYrshall also be in default if
<br />_ Aorrower,during the loan application process,�ave materially false or inaccurate inforn�ation or atmtunents to I.ender(or�fniled
<br />�' to provide Lender with any n3attrial lnformation)in cannection with the Ioan evidenced by the Note,including,but not limitod
<br />;:' to,representations concerning Borrower's occupa�Ky of the Property as a prineipa]residence. If thisSecurity Instrument is on a
<br />" ieasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Propecty, the
<br />� t:,:.s;.hatG a.-�thc f:,c titl:,sh�:lt nat mcrge ur.l�s Lender sgrees to the merge*in w�iting.
<br />__ 7.Ptntectlon ot Lendcr's Rlghts ln the Property.If Bonowcr fails to perform thc covenants end agroements contained in
<br />-' this Socurity Instrument. ar there is a legal proceeding that muy significantly uffect Lcnder's rights in the Property (such us a
<br />�` proceoding in bankruptcy,pr�bate. for condemrwtian or forfeiture or to enforoe laws or regulations),dxn Lendcr may do and
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<br />-� pay for what�ver is nxeswry to protect the value of the Pmperty and I.ender's rights in the Prop�rty.Lender's actions may
<br /> include paying any sums sccured by e lien which has priority ovcr tbis Security Instrument, eppearing in court, pay�bg
<br /> rr.asonable attomeys'fees enci entering on the Property to make repairs.Although Lender may take�ction under this parugraph
<br /> - 7,Lenda does not have ta do so.
<br /> Any amounts disbu�ecl by Lender under this pAragraph 7 shall become additional debt of Bnrrower secured by this
<br /> Security Instcument. Untess�orrower and Lender ngree to other terms of payment,these arttounts shall bear interest from the
<br />- datc of disbursement at ihe Note rate nnil shalt be payable, with lnterest, upon noticc frarn I.er�r to Bonower rrquesting
<br /> � PaYment.
<br /> 8.Mortgage Ir�surance. If Lender requirod niortgage insurnnce as a condition of making the lou� secural by this Security
<br /> Instrument, Borrower shs�ll pay thc pmmiums re�quired to maintain thc mortgage insurance in effat. If, for any reason, the
<br /> murtgage insuratx:e coverage requiral by L.ender lupses or ceases to be in effect, Ifarruwer sl�all pay the premiums required to
<br /> obtai��cov�r7ge substantially equivalent to the mortgage insuranee previously in effect,at a coct substc;ndally equivalent to ihe
<br /> cost to�3ormwer of the mortgage insurance previously in effect, from an altemate mortgage insurcr approved by Lender. [f
<br /> substantially equivulent mortgage insurance coverage is not availGble,Borruwer shall pay to L.endereach nionth a sum equal to
<br /> � one-twelfth of the,yeariy mortgage insurance premium bcing paid by Bonower when the insurance coverage lapsed or ceased to
<br /> • be in effect.Lender will aaept,use and retaln these payments as a loss reserve in lieu of mortgage insurance. Loss mserve
<br /> � Form 3028 9190
<br /> Pp�3of8
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