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<br /> S. Ilwu►rd or b'roprrty lnxur�lil!! l)nrrciwur shidl kccp tlic Imptuvcnxn��. n111►exlyth�g ��n c�rridlcr crect�y! un Il�o
<br /> Pru�rty Inxural uKalnst luss hy lirc. hur�udc� inclucicrl wiA�in 11►c tcrm "oxtc�xicd cavcrugc" uiKl ��ny uihrr hu��rds, Includlny
<br /> Il�hxl�ur Il�xxlhiu. f�►r whirh l.cndcr requires Inhurunre. '1'hiti Insurancc etmll hc muintuincd in �hc umuuni�+nK1 t'or tho porlixlx
<br /> thut I.cixicr requires. 'Thc inzurancc curricr pn�viding thc Insuruncc sholl he cho�rn hy I��r�uw«� +uh jcc� tu Iw:�uic�•'�approvc�l —
<br /> which ahaU not tx: unre;usonuhly withhcld. If tiottowcr tnlls tn muintuin cuver�igc deticrit►cct a+lxwc, 4cixlcr mny, ut l.o�xlcr's
<br /> option,ohtuin co��cmga tn protcct I.cndcr'ti rlghts fn thc Propcny in uccorduncc with purugruph 7,
<br /> All ii�sumnc�:�x�licic�and rcncwuls shall be ucceptable lo I.cnder �ind sh�dl inrlude u titandurd nartgugc clnuse. l,endcr
<br /> shall huve the righ�to huld the p��licics iind renewuls. If Lender requires, Borrower shnU pmmpUy givc io I.endcr oll receipts c�f
<br /> paid prenuums und renewal nuticcs.in the event af loss. Borrower s ha l l bivc pmmpt noticc ca the insurmxc curricr und I.cndcr.
<br /> Lcixlcr muy makc proaf af loss if not mudc promptly by Aarrawcr.
<br /> Unletis Lcnder und 8orrowcr othcrwisc u�rec in wridng,insuruncc procceds shall he upplied to r�storutian or repair of the
<br /> Property damaged, if the rcstoration nr repuir is economically feasible and Lender's securiry is nat Icsset�ecl. If the restorntion or
<br /> repair is nat economicully feasible or Lendcr's security woutd be lesseneel.the insurnnee proceeds shall be applied to the surns
<br /> sc�curc:cl by this Security Instrun�ent, whethe� ar nut thEn due, with any exress paid to Barrawer. If Borrower ubundons the
<br /> Property,or dces not answer within 30 days a notice from Lender th�t the insurance raTrier has offeral to settle a cloim, then
<br /> �rr�c; n�a3 rnllrct th� irlsvrattce procecxis• l,ender may use the praeeds to repair or restore the Property or to puy sums
<br /> secured by this Security Instniment,whether or not then due.Tlie 30-day periud will begin when the notice is given.
<br /> Unless L,en.iier and Borcawer othe�vise agree in writing, any application of praceeds to principal shall not extend or
<br /> pirst�ne the cluc �I�te of the monthly payments referred to in paragrag4�s 1 and 2 or change the amaunt of the payments. If
<br /> uiu.a�r paragra}�h�i the Pco�:�r�r•is acquired by Lender. Bnmrower's right to any irtsurance policies and proceeds resulting from
<br /> dt:m:�gz to th�Gr�+perty prior to the acquisition shall pa�5 e� �Lendcr to the extent of the sums secured by this Securiry Instrument
<br /> � immediuteiy F.;�.�r�to the acquisition.
<br /> � 6.(kcupA�nry,Pn�serv�tion, Maintcraa�nee And Prote�:don ot the�raperty; Borrower's lm,���u ,:`a�pNcatton; Leaseholds.
<br /> Borrower shall occupy.estnblish,and use t3�r f'aoperty as Borrowcr's priocipal residcnce within sixty�3ays after the execution af
<br /> this Security Instrumcnt and shull continuc to occupy the�r�perty as Bonawer's principal residcnce for at least onc year after
<br /> tt►Y date of occupancy. unless Lender otherwise ugrees in�uriting,which conscnt shuU not be unreasonubly wtthheld,or unless �.
<br /> ', t.�w�,.�,�r:� f�r.,�,nc��,n��c exist which ace beyond Borrower's camu�n@. Borrow�c� sh�ll not destroy,damage or impair the
<br /> ,' Propctey, al;Vaxv ttihe Property ro dcteriata7e, or commit waste an t��e 1�'aoFevty. �nrcmwcr shall b� in d�fault if any forfeiture
<br /> uction or pro����ing, wheth�:Q eivil or cr�minAE, is txgenn that in Lenc�E•r's uorud G�i�Ca ja�dgment ruulzl nsult in forfeiture af the
<br /> ' Propc�ty or otherwiso materialiy impalr thc licn crcaco� H�y efiis Security Instrumene e�•r iG�endcr's�ecac,-ity intereat.�3orrc�wer ms►y
<br /> eu�such n dcfnult and rolnstatc,as providod in paragraph 18,by causing thc uction or procoadln�to be dismissed wlth u ruling
<br /> that, in Landcr's good fatth dcterniinution, pc+ecludes forfeiture af the Borrowcr's interest in the Praperty or other material
<br /> impaimknt of the lien crcuted by this Security Instcument or Lendcr's security interest. Borrower shdl also b. in default if
<br /> ` Bnrrower,during the loan appUeanon process,gave materi:aiiy fuise ur ivaccu�ate infv�uwt�ua or awecments ta Lenda(or f�iled -
<br /> to provide i.ender with any materiul information)in rnnnection with tl�e loan evidenc�d by the Note. including,but not limited
<br /> . to,representations corecerning Borrower's occupancy�f the Propeny us n principal residence. If this Stcurity I�strument is on a
<br /> ' leacehold, Borrower shall comply with all the provisions of the leasc. If Borrower acquires foe title to the Property, the
<br /> leaschold wxl the fx tide shull not merge unless l.endcr agrea to the r►�rgcr in writing.
<br /> • 7,Protecdon ot I.ender's Rlghts in the Property.If BoROwer fails to perform the covenants and ugraments contained in
<br /> this Security Instrumenl, or thcre is a Icgal proccociing that may significantly affect Lencicr's rights in the Propeny(such as a
<br /> proceeding in bnnkruptcy,pn�bate, for condemnutian or forfelturc or t�r enforce laws or rcgulations),thon Lender may do and
<br /> pay for whatever is necessary to protect the vulue of the Property and Lender's rights in the Property. I.ender`s actions may
<br /> ➢nctude puying any sums secur�ed by a lien which hus priority over this Security Instniment, appearing in court, paying
<br /> rcasonable atromeys•' fces and entering on the Property to makc repair�. Although Lendcr may take uction undcr this paregraph
<br /> 7,Lerxier das not have to du so.
<br /> Any umounts disiwrscd by L.ender under this paragtiph 7 shall become additional debt of Borrower socurod by this
<br /> Security Instrument. Unless Borrower u�xi Lender ag�+ee to aher terms of payment,these amounts shall beac interest from the
<br /> � date of disbursrnxnt at the Note rate and shall be puyable,with interest, upon notice from Lcnder to Borrower requesting
<br /> payment.
<br /> 8,nto�aag�t���n�.if Lender required nwrtguge insuramx as a condition of making the loan secured by this Secvrity
<br /> Inst�ument, Borcuwer shall pay the premitims rcyuired to maintuin the mortgage insurancc in effect.If, for any reason, the
<br /> mortgage insurance eaverage mquircd by Lender lapses or ceases to lx in effect, Borrower shall pay the prcmiunLS requircd to
<br /> ' obtuin wver,�ge substantially equivulent to the mortgabe insurance previously in effect,at a cost substantially equivulent to the
<br /> cost tu Borrower of the nwrtgage insuran��e previously in effect, fmm an alternate mortgage insurer npproved by [.ender. If
<br /> substantinlly equivnlent morigage insurance rovcrage is not available,Borrower shall pay to I.ender exh month a sum equal to
<br /> � one�twelRh of the ywrly nw�tgrgc insurauc�:prerraium being paid by Borrower�vhen the insurance coverage lapsed or ceased to
<br /> be in effctit.l.encier will u�rept,use and retain thesc payn�nts us a los� reserve in iicu of mongage insurance. Loss reserve
<br /> Fam 3028 9190
<br /> Pp�3 01 G
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