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<br /> . LTSM�'�G�LI'P7.�_'yJ�r.f�:.'I:I!..i�'_^•�i�L�.__ _ --
<br /> S, Huard or Pr+nperty Inwrrnce. 8orrower shnll kap tha lmprovcments i�w exiFting �r bereaiO����i�d�e
<br /> PropGtty insuml egdnst loss by firc,hautrds included v�ithin the term "extendal covernge° and any uuicr nueu�ue, u��iuu►n�
<br /> floodA or flcx�ding. for �+Mch l.ender roquires ins�irnnce. ?hi�insurnnce shall!sc nwintainod in the smauntF nnd f�r the perials
<br /> that Lcnder roy�dr�s,The insurance carrier providing Ihe Intiurence Fha11 tx chosen by Borrowcr subiect ta I.cnder's uppraval
<br /> which shall not b� uncrasan�►bly withhetd. If Horrawer fnll�; tn m+�intain coveruge described alxrve, I.s�xler mny. nt l.ender's
<br /> opcion,abt�Sn cavenge ta pructct Lender'a righte in the Pn�}►erty in nccardunc� with paragraph 7.
<br /> All ynsuranc�pol�cles and renewals shaU be acceptable ta [..onder nnd st�all include a sleindunl mortgaga cluuse. l.eixitr
<br /> shall luve the ri�ht�o twW the paticjrs und eenewais. lf i.tnder t�equines,Borruwer shull pmmptty givo to I.erxler uIl receipts of
<br /> ptid premiums And rcnewd natices. In th$'event of tass. Borrawer Shatl give prompt natica to the lnsurance currier anci Lecxltr.
<br /> Lendcr may make proaf of loss i�not made promptly by Horrawer.
<br /> Unless L,ender u�d Honnwer otherwise agree in writing.insurenoe proceeds shall be appliod ta restarotian or rcpair af the
<br /> Propeny damugal. if thc rrstoration or repair ts aconomically fcasible and Lx�xler's sxudty ia nat Icsscnal.If the restoration or
<br /> repair is not ecanomi�lly feuible or Lender's security would be Iessened,the insurance pmcceda shall be applfed ta thm��u.ns
<br /> securod by thiA Scxu�ity lnsuument. whether or i��t tlten due,wit� any excass paid to Born►wer. If B�orco•�rer ab�u�ns kM
<br /> Propetty� or daes aot answer withln 30 days a notic:e from Lendrr that the insur�nce rArrier has offcred.co�ctte �cGaz�r�tE�en
<br /> I.ender mny callect th�insurance procesds. Lender may use thn pr4ceals ta npatr or resto�re thx Fti�opzcty or to � sums
<br /> secured by this Security InstNment, whether or not then due. 11ie 3Q�day pertod will begin wherr rhe notice is given
<br /> Unlecs Lenc�er aexl Borrower otherwise agree in writing, wiy applicatian of praceds to principat shull not eaterxi or
<br /> postpone the due d�te of the monthly payments rcferred to in paragrAphs 1 �2 or changc the amount of the payments. If
<br /> undcr paragraph 21 the pmperty is acquised by Lender. Bomower's right to tuay�rr.w.��licies�ncl pmcoeds�t.cultiag from
<br /> damage to the Property pdor tn the acquisition shall pass to l.ender to the excerm¢oP r.lie suca�s secured by this Security Instntmont
<br /> immediztely prior to thc�uisition.
<br /> 6.Oocup�acY,Prrservatbp,Mairegennnoe ead Protection ot the Pmperty;Bo�row�ra�"::iI,os►n Applkation;Leaseholds.
<br /> tforrower shali occupy. a[abiish,nnd uSC ihe Fropex-ty u.v Bur�uwcr'a p�iuc:I�i :esi,�ence within sizty days at3el the executton of
<br /> •this Sauriry Luu�ument�nd shall contirtue to v�ocu�c•;:the Property a,Borrow�r s principal residence fur ut Lc;�ut one year aficr
<br /> ttx d�te fif occupancy, unlesy[.eader otherwisa�r��ee;.iu writing.which consent shall not be unreasonabl,v'�rn�ihheld, or unless
<br /> extenu�ti�i� cinurnstenas exist which, xxe beyoni� Borrower's crntroi. Borrower shall Rti�t c�estroy. damage or impa+r the
<br /> Property,;n�!c,w the Property to dctc�3N��ue, or oommIt w�.ste on the Properiy.Borrower ,��;U be in default if any forF�aa��re
<br /> action or�m�;eoding,whether clvfl or cdminal. is begun that in Lender's good faith judgmant could result in forfeiture•q�6 the
<br /> Property or oltherwiu inat�rially impair the lien created by this SecurIty Instcumvens or Lender's security interest.Bocrower miy ,
<br /> sxu�suct:a d=fine!*_s� rttr�tat�.�nTt.yltirtl in raragrdnh 1R,by ceustng the a.a!a•�9 ar proccoding to be dismisud with a nilia�t ,
<br /> that. in I,tin•.ier's good futh detcmnipn2ioo, procludes fodeiture of the Borrowcr's int�cest.in the Property w othsr�:ui#ial
<br /> impai�trtrt af th� lien cneated by ttiis'Security Instn�ment or Lender's securiry interest. •Bormwc�shail also be in deSmutt.if
<br /> ,. Horroweri�aring the lan applicadpn process.gave rnxterially false ar inacc�u�ate inforn�at�on pr statements to Lender(of.�l'.ailed
<br /> , ��provide Lender witS■�,►y m�tedet inforn�ation)i�n canncccion with the lonn�videnoed by the IVose,inctuding,but nc►t�fi�ted
<br /> 10, rep�jseutations conceming Borrower's occupanc,:.��i¢hc Pmperty as a princap'cil residence.If this Security Instrument is on a
<br /> la�sehol�lt���rrower shall comply witja,ell the provisions of eF,te•hr„ase. I6 7�urrower eoquires fa ttdc cv the Propc�s,'1he
<br /> leaseh�t�f nn11 nhe fa title shall na cnerJ�unless Le:�der agrees tm n'h.e:n�l�er i�n�wddng. �,
<br /> • y.�cot•�,t;Non o[Lender's Rigtiis;In the Property-If f3orrowor fails to'pi�erfosm tt�e wvenants and agceemants oontaiit�dd in
<br /> this Sautify�IImteumsxna,�;then is'a legal procading diat may significant��`r.n9'fect Lend�r's rights in the Property(such u a .
<br /> proceeding in bertknt�i�xy. )grobate. for condemnation or forfaitura or to enfv�rr•ce laws or regulations), then Lender may da�nd
<br /> pay for wh�tever is nerasary to,prntmct the value af the Property and Lender's rights in the Property. Lender's actions miy
<br /> include paying any sumc secured �i?, n llen which has priotity over thts Security Instrument. appeaang in court, paying
<br /> rasonnt►le ettameya'fea and cntedng on the Property to make rcpairs.Although Lender may take a�ction under this perngraph
<br /> 7,Lender does ncst have to do so. .
<br /> ;� � Any�mounu diabutsed by L.ender under this �graph 7 shall becaat►e s�dditional debt of Borrower aocurod by this
<br /> ` 5ocudty Instrument.Unless Borrower and I.ender agrae to other terms of pa,�rnient,these amounts shall lxar intecest kom the
<br /> date of disbursomait at the Note rate and shall be payable.wfth inurest, up�on notIct fro�t I.ender to Borrower roquesting
<br /> WYmrnt• ' �_ ,,�. • ' .
<br /> t.Mort�ge Iasunuioe.If Lender requie+cd mottgage insur�u�ce as a aa�n�svii�i�n of making the lonn secured by this 5"rcuriry
<br /> Instiument, Bomower shall pay the premiums required to matntain the.trxor.;t�uge insurance in effect. If, for any�rason. the .
<br /> mo�tg�ge fasurmce cove�e roquie+ed by Lender lapses or eeaces ta;be Sn•�;�t�E�ec4, '�orrower shall pay the premiurns nequirod to
<br /> obtain ooverage substantially oquiva➢�n�to the mortgage insunuaCe.ps�ev44t�Dy•ip effect,at u oost substantially equivalent to the
<br /> oost to Horrower of che moRgage i�^:,�u�rsince p�reviously in effa3�.�duo:n��dternate mortgage insurer approvod by Lender. If
<br /> subsUntiaUy equivtknt mo»gnge insutvnce cuvera�e is not nveilable.Bora�nnv.�r shall pay to Lender each month a sum equal to
<br /> one-twelfth of the yeaaly mortgage insurance Q�ite�n:��:r,�being paid by Borde�ar:e�r evhen the insurw�ce rnverage lapsed or ocasod to�
<br /> be in ef6�cc. Ler�a will�coept.use ynd ntai*.;s�:esa gAyments es a ioss me��vc in lieu of mortgage insurance. Loss resen+c
<br /> . • . � . � ' Form 3Q2u"�l90
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