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<br /> S. H�xwrd or Praperty In+ur�.li�rn�wcr �hull kcep thc improvcmcnts �cxisting or tl�Fc ftcr crectal rni thc
<br /> Prapcny insurcd ugainst lors by firc,hc►iard� hicludcd within ihc tcrm "extcndcd cavcrugc" und uny othcr huzurdti, incluJing
<br /> flucxls ur Ilaxling, for which Lcndcr rcyuirc� imurancc. 'I'his insuruncc Ehull lx: maintuincJ in thc umuunts nnd for thc perials
<br /> thut l.endcr reNuires. Thc insurnncc carricr provicling thc insurancc shidl tx;churen hy &�rr��wcr suhjcrt tu l.�:ixlcr's upproval
<br /> which shcdl not hc unrda�onnhly withheld.If I�irrawrr fnils t�► muintuin rovcri��±c dcscrilxd ubuvc. Lendcr muy, +tl l.cndcr's
<br /> optinn, obtain rnvcru�c ta protect l.enciar'srighis in thc Property in uccorJuncc with purugruph 7.
<br /> Ali insurancc pnlicics und rencwulh shczll bc ucccpt:►blc to 1.�:�xlcr and shall includc u stundurd �uort6age clnu�a Lc�xlcr
<br /> shall hnve the right to hold[he p��lic:ies undrenewals. lf l.ender reyuires,&irrawcr shull proinptly give to l.ender ull receipts of
<br /> paid premiums und renewal noticer. In theevcnt of locs,Borrnwer shnll give prompt notice to[lie in�urance enrrier aud L.ender.
<br /> Ixndcr muy makc prcx►f of loss if nc�t m�►dc pramptly by Borrowcr.
<br /> Unless Lcnder and Bor�owcr�itherwik agrcc in writing, insur.urcc pnxcedr shull be applicd to restoration or repuir af the
<br /> Property dumagcd.if thc restoration or repair is ecnn��mically feasiblc und L.cndcr's sccurity is not Icsscncd.IF the restoration or
<br /> repair is not economically fcasible c�r Lcrdcr's sccurity would bc Ies�encd, tho insurancc procceds shull bc applicd to thc sums
<br /> � secured by this Security Instrument,�vhciher nr nat then due, with any cxre.+s paid to Borrawcr. If Borrower ubandons the
<br /> Praperty, or dces not answer within 30 days a notice from Lender thnt the inrurance currier has nffcred tn settle a clalm, then
<br /> Lender may collect the insurance proceeds. Lcnder may use the proceals to repair or resture the Property or to pay sums
<br /> secured by this Security Instrument. whethcr or not then due.Tha 30�day period will bcgin when the notice is given.
<br /> Unless I.ender :u�J Burruwer otherwis�ngrce in �vriting, uny application of proceeds ta princIpu! shall not exterxl or
<br /> postpone the due datc uf'the monthly payments referred to in paragraphs 1 and 2 or chunge the amount of the payn�ents. If
<br /> under pnragraph 21 the Property is acquircd by L.ender,Borrower's right to any insurance policies and proceeds resulting from
<br /> damage to the Property prior to tha acquisi�ion shull pass tu Lender to the extent of the sums secured by this Security Instrument
<br /> immediutely prior to the acquisition.
<br /> 6. Occupitncy,Preservation, Mlulntenarce und Protection�!'the Property; Bnrrowcr's Loan Applkation;Leaseholds.
<br /> Bonowcr shall occupy, establish,and usc�Ae Property as Bormwer's principal residence within sixty clays after the execution of
<br /> • thYS Security Instrumont and st�ull cantinue to occupy the Prnperty ps Borrower's principal residencc for at least one year after
<br /> the date of occupancy, unless I.ender othenv ise ugree.s in�vriting, which consent shall not be unreasonably withhcld, or unless
<br /> extenuatin� circumstances exist which are beyond Borrower's control. Bonower shall not desvoy, damage or impair the
<br /> Property, allow the Property to detcrioraic, or commit waste on the Property. Barrower shall be in default if any fotfeiture
<br /> _ aciio���i�r�:�i�ib, whaiher cci! vi CTiBui sa.IS b�gnr.irat in I.crder's gocd fsith judgm.etsi:�.�!�±r�sult in f�rfein�re of the
<br /> Property or otherwise materially impair the lien cre,ated by this Security Instrument or Lender's securiry interest. Borrower may
<br /> • cure such a default and reinstute,us provided in paragraph 1R,by causing the action or proceeding to be dismissed with a n�ling
<br /> thnt, in [.ender's good faith determination, precludes forfeiture of the Bonower's interest in the Property or other material
<br /> �, impairment of the lien cceated by this Securi[y Instrument or l.ender's securiry interest. Borrower shall also be in default if
<br /> �� Burrowcr,during the lQan application prars�,ga�e mnt�rially false or inaccurate inforn�tion or statements to I..ender(or failed
<br /> to provide Lender with nny material information)in conncction with the loan evidenced by the Note,including.but not limited
<br /> ';' tco.representations conceming Borrower's occupancy of th�Property as a principal residence. If this Securiry Instrument is on a
<br /> r� leasehold, Bc�nower shnll comply with ell the provisions of the lease. If Bonower acquires fee title to the Property, the
<br /> leaschold and the fee title shall not rnerge unleas Lcnder agrees to the merger in writing.
<br /> 7.Protectlon of I.cnder's Rights in ih�Ptoperty.If Bonower fails to perforni the covenants and agreements wntained in
<br /> � this Security Instrument,or there is a legil proceeding that may significuntly affect Lender's rights in the Property (such tis a
<br /> pruceeclin�in bankruptcy,prabute. for condemnation or fo��feiture or to enforce laws ar regulations),then L.ender may do and
<br /> pay for whatever is necessary to protect the value of the Praperty and Lender's rights in thc Property. Lender's actions may
<br /> include paying any sums secured by a lien which has priority over this Security Instcunient, appearing in court, paying
<br /> '' reasonable attomcsys'fees and entering on ihe Property to make repairs.Although I.ender may talce action under this paragraph
<br /> `'' 7. I.ender does not have to do so.
<br /> � Any umounts disburscd by Lendcr undcr this parngraph 7 shall become additional debt of Bornower secured by this
<br /> > Security Instrument. Unless Borrowcr and Lender ugree to othcr terms of payment, these amounts shall bear interest from the
<br /> date of disbursement at the Note rate and shall be payable, with interest. upon notice from Lender to Bonower requcsting
<br /> payment.
<br /> ' S.Mortgege Insuranee. If L.ender raquired mortgage insurance ns u condition of making the loan secured by this Sexurity
<br /> instrument, Borrower shall pay the premiurns required to maintuin the mortgage insurance in effect. If, for any reason, the
<br /> � mongage insurance coverage roquired by Lender lapses or ceases to be in effect. Borrower shall pay the premiums nequired to
<br /> obtain coverage substantially equivalent to the mortgage insurance previously in effect,at a cost snbstantially equivalent to the
<br /> cost to Borrower of the mortgage insurance previously in effect, from Hn alternate mortgage insurer approved by Lender. If
<br /> substnntinlly equivulent mungage insurance�overagc is not availablc, Borrower shull pay to Lendcr each month a sum equal to
<br /> ane•twelfth of the ycarly mortgage insurance premium bcing paid by Borrower when the insurance coverage lapsed or ccased ta
<br /> be in uffect.Lender will uccept,use and re�uin these pay►nents as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> i
<br /> Form 3028 9190
<br />_ ' P�pe 3 of 6
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