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<br /> ,��:�'�t� S. Hs��rd or Property Insur�me. Bonowcr shall keop the i�npmvements now exisdng or tiereafter erected on t�e
<br /> `"� Rraperty insurecl again�t loss by fire, hazards inGluded within the term "extendal coverage" and any other haz�ards. including
<br /> '.� flocKls or floocf�ng, for whlch Lender requires insurance. Thle insurancs shall be maintained in the sunounts urid tor the periods —
<br /> that I..ender require�. The insurancc carrier providing the tnsurance ahnll be chosen by Borrawcr subJect to L.endcr's Approval
<br /> >'� which shall nat t►e untt�aonxbly withheld. lf F3�nower fails to nuintain coverage described nbove, I.ender may, at Lender's
<br /> . .� optlon,obtain covorage ta protect Lender'e righta in the Property In accordance with pnragraph 7. �
<br /> ,� All insurance po1►cies end renewals shall be acceptable to Lender aad shall include a standard mongagc:cli►use. I.ender
<br />�'� '�, shall have thc right to hold�hc poNcies�nd renewala. If Lender nqulres. Borrowcr ehall prompdy give[o Lcnder all rcceipts of
<br /> ��.• '� paid pj�eriiiu�a9 u�xl r��kNal nuticrs.ln thc cvcnt of loss,Borrower shall give pinmpt notice to the insurwice carricr:tnd L.ender. r
<br />,_��.-•�r� l.ender may make pnx�f of loss if not made promptly by Borrower.
<br /> '"` Unlcsa Lender and Borrow�r oUienvisc�gcec in wrltfng,insurance ptoceeds shall bc aPP�ied to restoratioi�or repair of the
<br /> _ - - Propeny damaged, if the restoratlon or repair is econ�mically feaslblo and Lender's securiry is not iessened. If che restoracion or
<br /> :a' repair is not economically feasible or Lendcr's security would be leasened,tho insurance praads shall be epplied to[he sums
<br />' .��: sxured by this Secudty Instrument. whcther or aot then due, with any exass paid to Borrower. If Borrower abandons the
<br /> • Propeny, or dces not answer withln 30 days s natice from Lcndcr that the insurance carrier has offered to settle a claim, then
<br /> ?��.� Lender muy coilect the insurance proceods. Lendar mqy use �hG procads to rep�ir or reston thr, Property or co pay sums
<br /> secured by this Sxuriry lnsttumeac,whettter ar mot then c{uo.Th��3Q�day period will begin when the notice is given.
<br /> �� Unles� Lcnder aad Borrower othesrvvlr�: agree in wr.iting, any applicatiott of proceeds to principal shall not extend or
<br /> ;'�. ' postpono the due date of the monthly paynuents refened to ia paragraphu 1 end 2 or chlnBc thr, aznaunt of the payments. If
<br /> � under p�ragnph 21 tho Properry is acquirod by Lender,Borrower's r�ght ro :iny insuranc,�policies uid proceeda resulting from
<br />:'°'�..___ damage to the Pcoperty prior to We acquisition shall pass to Lend�r to tha cxtent of the sums secured by this Security Instnunent
<br />";="�'� lmmediately prior to c'�c acquisition. Y,easeholds. .
<br />'___''� 6.Occupsncy. Fresecvatlon,Maintenance and Yrotecdon of the Pro�pa�cy;Borrowtr's Loan ApppcAtton;
<br />,-� Borrawcr shall occupy,establish,and use the Piroperty as Borrower's pruuipal iesidencc witttin sixry days after the eaecution of
<br />--- this Securiry Instrument and shall continue to ocGUpy che Property as Borrower's princlpal residence for at least one year after
<br /> �!�,� the date of accupaacy,un�.ess I.ender othenvise agrees in wrltinR,which consent ehall not be unreasoaably with6eld,or unless
<br /> R�� extenuating circumstences exist which aze beyond Boaower's conuol. Bonower shall not drstroy, damage or impair the
<br /> Property, allow the Propeny to deterlorate, or commit waste on the Pro�erty Borrower shall bc in dcfault if any forfeiture
<br /> � acdon or pmceeding,whether civit or cdminal, ts begun that in Lender's good faith]udgment could result in forfeinue of the
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<br /> Property or otherwise materiaUy impair the lien created by this Securlry Instrument or Lender's security interest.Boaou�ar may
<br />_�� cure such a default and reiastate.as pmvided ia paragraph 18,by cansing the action or procading to be dismissed witti a ruling
<br />=:�;�� that, in L.eader's good faith determination, precludes forfeiture of the Borrower's intcrest in thc Propecry ar other watarial
<br /> ��� � lIR(laliJllCAt Of WC I1CD CIY•8[GYl by L1118 Ja:uci'ty ui�i�w�,eu.o: :.�..3e:'��.':�t; �"r�cr. Rnrmwer chall also be in default if
<br />�°��ad,� Borraw•es,during the loan s�pplication process,gave materially false or inaccurate informadon nr statements to Lender(or failed
<br />.>:;;;;`t� to pnnvide Lender wlth any materinl inforn�adon)in connection with the loan evidenced by the Note,including,but not limited
<br /> ��;�;.�a to.representations wncernin8 Borcower's occupancy of the P[opsrty as aprineipal rasidence.If thls Securlry Insuument is on a
<br /> ��- — leasehold. Borrower shall comply with all the provislons of thc lease. If Borrower acqulres fa tide to thc Properey, the
<br /> - = leasehold and the fa dtle shall not merge tuiless Lcnder If Borror�r�.�rsilegt��rform the covenants and agreemencs wntained in
<br /> _- __- 7.ProieQion atLcadcr s P.ights dn th..Prap::.-ty. !�
<br /> - thi�Se�urity lnstcumeat. or then is a legal procadin8 that may sigaifncu►tly affcet Leader's rights in the Property(such as a
<br /> -� proceeding in bwkruptcy,pinbate, for wndcmnadoa or forfciture or to cnforce laws or regulauons). then Lender may do and
<br /> pay for whatever is nec�ssaty to protxt thc value of the Property and Lender's rights in the Property. I.ender's actions may
<br /> include paying aay sums secured by a llen which hag priority over thia Security Instcument. appe�'iring in courc. PaY�ng
<br /> rea5omble utomeys'fxs aad�ntoring on the Property to make repairs.Alchough Lender may take xtion under this patagtaph _
<br /> 7,Lender does not 6ave to do so.
<br /> — Any an�ounts dlsbursed by Lender under this paragraph 7 shall become addltional debt of Boaower secured by this
<br /> Securiry Instcument.Unless Borrower and Leader agra to other ternns of paymeat. these amounts shall bear intenst from the
<br /> date of disburseroenc at the Note rate and shall be payabl�, with intenst. upon notice from Lender t�n Borrower requesting
<br />_— payment.
<br /> g,lViortgage Insurance.If Lender requictid mortgage insnrance as a condition of making che loan secured by tl►is Security
<br /> Instruaaent, Bomower shall pay the premiums required to u�aintain the martgage insarance in effxt. If. for any reason, the
<br /> mortgage insurance coverage Y+equired by Lender lapses or ceases to be in effxt,Bonower shall pay the preraiucns requ•:txd to
<br /> obtain coverage substantially equivaleat to the mortgage insurance previously in effect, at a cost substantially equivalent ro the
<br /> wst to Bocrower o+f the mortgage insurance previously in effect, from ari alternate mortgage insurer approved by Lender. If
<br /> - substantially equivalent mortgage insurance coverage is not available. Borcowtr shall pay to Lcnder each cnonth a sum equal to
<br /> ��� onatwelRh of the yearly mortgage insurana premium being paid by Borrower when the insurance coverage lapsr.si or ceasod to
<br /> T�; be in effect.Lender will acccpt,use and ntain these payments as a loss reserve in liea of nwrtgage insurance. H..oss ceservo
<br />- Form 3028 9190
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