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<br /> 98�- sOS��b
<br /> S. Hr:ard or Properly Inaurance. &�rrower tihall keep thc improvements now existing or herrafter ercctal on the
<br /> 1'raperty insurcd against lass My firc, ht+'�nrds includcd witiiin the Ierm "exteixicd cnverage" nnd any other hazurcis, including
<br /> Ilcwds or il�xxling, fi�r whicli Lendar rcyuires insurnncc;.This insura�ce shull be maintainal in the anwunts and for the periud�
<br /> that l.ender requires. The insurunec currier prnviding the intiurnnce whnll be chosen by Borrower subject to Lender's approvul
<br /> which ahall na bc unreu.u�i�ably wl�hhcld. If I3orrnwcr fails to maintain covcrage descritsed abovc, Lender may. at I.ender's
<br /> optfon,oMain covecage t�protect Lcnder's rights in thc Property in accordunce with parngraph 7.
<br /> Ali insu�xnce {x�licles anci renewuls shull be ucceptable to Lender and shull include u standard morigege clause. I.ender
<br /> sieal!liav�thr rigl��t4 hald Ihe(xilici�.e u�ui renewnls. Tf Lender requices,aorrowcr shall promptly give ro I.�nder all receipts of
<br /> puid prcmiums aixl rcnew�►I nnticas. In the event of loss,BorrowCr sha�l.gave prompt notice to the insurance carrier anci l.endee,
<br /> Leixler muy make pr�f of loss if not mude promptly b�Borrower. � �
<br /> Unless I.e�xler and&►rrower othcrwise agrce in writlm:�,lnsura��cc�mcceds shall be npplied to restoration crs repair of thZ •
<br /> P�operty dsu�wKeci, if the r�stc�ration or repair is econonnicrd,J.y.fef�sible and I..tnder's securiry is ncH I�ssened,1£t�!�^.�:��t��tian or
<br /> rrp�ir ix not eix�rma,z�ic.�liy feASib�e or Lender',uw:urity would tie les�eneci,tfie insuKance proceed;s�1,ni1't�o nppli�ct t�the sum5 � �`
<br /> L .i
<br /> �ural b� this :�rc•u.rity Ihstri����e�t, w•fiv�h:.��not thtn due. H�i�h :�i�p e�cE«Fa+st t�lst�R'.roi��.f. !t tiAifOWC� a0anuuiiy uu: � ,'� `—
<br />_ i'r+•�rrty, t�, c!�raa ;�ur uar:�vei �t�_itl��in 3U��Ei�;� u noiici from t.,cadar t?�•�r�!ie insli:vn4e cas�:ier has offercd to setNe a claim, then ' __
<br /> lxikler ma� �ollect ►��� i�<urut�c, rrocztds. i.ender rnap�•►•ise tfi�o proceccis to. rept�ir or testore.the Property c�r to pay sums .. , _
<br /> sccurexi by this Security Inti�nraa�ant,whcther or not then'duc.Th�?0=i3�y periuci.wil l tic;;in when the notiee is given,
<br /> lJnlnss 1��:►ulcr and Borrowor otherwise agra in wri�ing, any application of procaxis ta principal sl�all not extend or
<br /> po�tpone thc ciu�e .�ate of thz munthly payments refcrrcd to in paragrlphs 1 and 2 or change the amount of the p�yments. 1f
<br /> urxier parugrAph�I the Propeny is acquired by Lender,Borrower's ri�l�t to any insurance policies and procads resulting frorn
<br />- damrge to:he Property prior to ths acquisition shall pass to I..ender to the extent of the sums secured by this Security instrumertt
<br /> immcxii�tely prior to the a�:quisition.
<br /> 6.QecupNncy, Preservatlon, M�Intenuree and Protectlon of t6e Property;Borrower's La�n Appllcatioo; Lau;eholds.
<br />= Aorrciwer shall occupy,astablish,and use tha Prc�perty as Borcower's principul rrsidence within sizty deys after the exxuti�n of
<br /> this Security Instrument and shall wntiati;e tt:occupy the Property as Bon'ower's principal residence for at least one yrar after
<br /> ` i�ic t�i2 ir�CriCilE,aiiCy�Ji:�tS±n�.�rt C:Ct::�.^.;'�•°w«ei:,'^» !•".:'!!!!i�oo,whjr���nncent chall not be unrea.wnably withbeld, O(UII�C3S
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<br /> extenuating cierumstonces exi:s �vhich are beyond Borrower's control. Aorrowex sl�all not destroy, dnmage or imppir the
<br /> Propeny, allow thc Property to deteriorate, or commit wustc on tlie Propeny. Barrower shall be in default if any forFeiture
<br /> ac�ion or procez+L:in„Whethar civil or criminal,is begun chat in Lender's good faith judgment could result in forfeiture of the
<br /> Property nr other�4•ise m:sterinlly impoir tNe lien creatod by this Security dnstrunxnt or Lender's scxuriry interest.Fbrrowu may , .
<br /> curc such s ciefnu;t�ind reinstnte,as provided in paragraph 18,by causing the action or p�oceaiing to be dismissed with a ntliri� �
<br /> that, in Lcndcr's gc�od fnith c�etermination, pra.;ludes (ort'eiture of the Borrower's interest in the Property or other materi�l
<br /> imptirnunt c�f thc lie�.Crtated by this Sxuriry Idstrument or Lender's sccurity interest. Borrower stwll �lso be in defaul�if �
<br /> BoRawer,durin�ahe loan application prrnq,s,.gave materially falu or Inaccurate informnti�n or statements ro L,enda(or'failed
<br /> to provide C.e.r.�:ir svith�tny tnacerial Ipf�rnicstion) in connection wi�� t1�e loan evidenced by the Ncxe,including,but not litnited
<br /> � to,rcprc�entati:,c�.�concerning}lorrower's oi;iiipancy c�f the Property asa principal residence.If this Socuriry Instrument is:on a;
<br /> lenetwld, &xrower shYH cc+m��ly;with aU the provisioiis of the leas�. if Harrower acquins fec tide to tho�Pr��e�ty,�the ,
<br />,, leaelwld and the fee tidc sht�;�t+ut merga�iinleas Ler�dar agr�es to the rnei'get'in writiiig. .
<br /> 7,Protectbn o[Lender's�ghts d�the Property.�tF�Aorrower fails to perForcn the mvenants ard agrarnznta conbin�d in•
<br /> thl�Security Instrumrnt, or there is e i�:gal�}iroceeding that may significFintly'uffect Lender's righcs!n the Pro�ecty(sucb'us a
<br /> pmceedin� in bankruptcy,probaGe, for c�ndemnation or f4rfeiture or to enfonce laws or rogulatlohs),tt�en L.�nd�r may dd u�ici
<br /> p�y for whatever is neceasxry to protect the�value af the Property and Lender's rights in the Property. i,ender's�ctions may
<br /> includa pnyint any sums securcc! by a Gen r'vhieh h;�s priority ovtr this Securiry Irutrument, app�aring irr.crourt, �ying
<br /> � � rawn�ble�uorneys'fas�nd entering on��h��'roperty to m�lce repairs.Although Lender rr�y take action under thia paragraph
<br /> 7,l.e�xler docK ncitt h�ve to do so. �� �
<br /> ' Any iurKwnts di�bursad by Lender ur�cler thiti paragr�ph 7 shall become additio+►al debt iii Borrower secuctd by this •
<br /> Securiry Inztrument. Unlexs Borrower and Lender agrcc to other terms of pay�nent,these amonnts shallt benY .Inferest fronr.the
<br /> dale of dlibunement Mt the Notc rate ar�l shall be p�yablc, wit�intecest, upon notice from Lender to Horrcsyr�vet roquenting • —
<br /> P�Yment. �� . .
<br /> . f�,MurlRye Inwranee.If L.endrr requircd r►artgege InsurancC as a condition of making the loen�ecursd by�his Secarity
<br /> In�trumerK, &►mnwer �hall p�y the prcmiums required to maintain the mortgage insurance in effect. If, for nny reasoii; �he
<br /> ". nx►rt�{y{e insurark�e rnvenge royuirod by L.ender lups,rs ar ceasts to be in effect,Borrower shull pay�I�e pre�fi�xns requird!to
<br /> .�M�in a�vFr�e rubK��nti�lly cyuiv�lent to the mortgag�insurana prrviously in c4::M, at a wst substantix?����gai•��lent to the
<br /> ' �,Hu �a Harmwcr af►he mori�+�e Insur�nce prcviously i�� effect,f�m en altenr�_a: mortgage insurer app+����m� ��3•Lender. If
<br /> � NubN�ntidly ryuivnlent murtgaga in�urance cover�ge is nc>t uvaa�able, ►�o•zrowcr sh-�ll�y tt�lleridPr ea��t ar,oitdh�asu.rr:l�rejut�l ta
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<br /> une•twslQh uf the yeerly mnrtgage inwr�x-e premium being paid by� fSerrowef 3vh�n tt��iASti�runce covCia�C Qi1pS�d OT CCA:GYc��t:'
<br /> hs ia efl'ati. L.et�r wlll�cept, ux�nd rctiin thrse pay�cnC�its as a loss reservs in licu o3' mortgage insu�n�nce: Lbss•i�esefvt
<br /> . . =.vrm 302B 8190
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