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<br /> 98- soe;�s2
<br /> $. ii�uu�rd or Pmpetty tnsunace. Horrower xh�ll kcrp tiw i���y�j�av�u�nts naw existing an c�rcatter erceted un th:
<br /> Propen,y insurod against luss by fire, harx�ds ineiuded withjn ihe term "extended covernge" und any other haxards, inctuding
<br /> Iloods or floafing, for which L.end�r requiriw insuruncc.This intiurnncc shall bc muintuMed in the u�rnaunts aiui for the periods
<br /> that l.ender requircs. The incurance carder pmviding the insuruncc shall be ch��sen by �orrower subJect tn l.ender'R nppmval
<br /> which shx11 not be unreasonably withheld. If Bar�ruwer fuil�t�mufrttAin coverage described ebov�. i.cnder may, at I.ende�'s
<br /> aptian,abtain coverage to protcet l.ender's rights in the Property in accordnnce with pArngruph 7.
<br /> All insurnnce policies And rencwals ahAll be ucv:eplable m L.ender end shall include u standard mangrge ciaux. Lendcr
<br /> shatl heve tha right to hold the paliries a�xl rcnewals.If l.ender r�uirev,Borrow�r shall pramptly give to Lender all rcceipes of
<br /> paid prcmiums an�!renewal uutiuey.lu the event of lo,+s.Don�ower shall givc prom�t nuUtc to thc Gtisur�uticc;wrricr:ux1 I.cnJcr.
<br /> Lender mAy mxke prnaf of loss if not mAde pmmptly by Borrawer.
<br /> Unlacs Lender anc!Bomower othenvise agrca in w��idng, insuranc;e proeeeds shnU be appliod to restaration or repair af tho
<br /> Property dameged,�f tho�estorattan or repair is ecanomicaily feasibla and Lendor's se�:urhy i�s nut lessened.lf ttw resmratian ar
<br /> repair Is not ecancimically feaslble ar[.cnder'a security would be lessened.the insuranoa prooc�eds shall be appliod to tho sums
<br /> secured by this Security Instrument, whether or not then duo,with nny excess paid to Borrower. If Sorrower abandnns tha
<br /> Property.ur duey not answer widiin 30 days a notice from L.ender that thc insurance carricr has afEcrcd to settle a cluim, then
<br /> I.onder may collxt the insuranco pmceods. I.ender may use the pnxcecis to repair or restoro the Property or to pay sums
<br /> secured by this Security Instcument.whether or nat then due.Thc 30-day periad will bagin when the notice ls given.
<br /> Unless Lendei arad E�or.x�ower athernir,o agree in writing, any npplication af proceais to principa! shall nat extecdd or
<br /> postpone the dne date oE che cr�on,thly pa�yments referred to in para�raphs 1 nnd 2 or change the amount oP the paymenl3. i('
<br /> under paragcaph 21 tAe P�ope�ty is acquirett by Leader,. Boa�ow�rc°s r.igJ�.c to a�ny insura�we pollcles and proceods resul.iing from
<br /> dartwge to the Property p�ior to tho acquisition sAala pas�to Lendee.l�o tho extenx o�cho sums sxured by this Security I�
<br /> immodfately prior to the acquisition. �.
<br /> 6.Oocup�ncy.R+es�nxtbn,MdiMeu#pce��Y'�mtEMinte mt ihe Prope�ty;Borrowcr'a Lo�n Ap�l(kalpw;Le�e�ld�.
<br /> , . Horrower shall occupy,establish.an�d an�,:thr.Pnop�uty:L;�mt�ver's principal nsidence wlthin six.ty d�rs atkr che exacatiun�
<br /> � this Security Instrument and shall oori�6u�u��ta ocCUpy ttse Property as Borrower's pdnctpal residt�ee tor at lcast ano�reu�tier
<br /> � thc date of occupancy,unlas Lender o2�rnl'isa ugxa'zr;•.in wddng. whtch consent shaU not be unnasonablg wi�hAeld,ar uNess
<br /> ' �extenuaGng cireumstu�ces exist whIch ure bey4n�d'RUr�'ower's coatrol. Borrower shall not desuoy, dam�ge or impair the
<br /> Property.allow thc Property to deteriorate. or cv;�::�:i�t waste on the Property. Borrower shall be in default if any forfeiture
<br /> � s�ction or procading,whether ctvil or m�riminal,9s be$un that in Ixnder's good fai►h judgrtr,nt oould result In forFeiture of tho ,
<br /> Property or otherwise matedally impaiR f�lien creatod by tkus,Cacurity Insuument or Lender's socurity iaterest.Borrowet:inpy
<br /> curo such�•�¢efault and reinstate,as provided in paragraph 18.b}%'cuusiag the act�on or pro�^eeding to be dismissed with a:����4�1, .,� ;
<br /> tlwt. in I�eodor's good f�i{h determinadon. precludes forfeiturr of the Borrower's tnterest in the Prop�rty ax:ott�or nj�d�ri�►� •' .�. '
<br /> .;impairnunt of tha lien,c�'�uttd by ttus�ecurity lnsuument or Lenders socuriay interest. �3orrowcr siwlj aiaN i+r ia ctcivaa3i:i�..
<br /> +;Bbrmv►�et�'�d�ring the laan�ppplication p�ocess,gave matedelly false•ar inaccurate information or statements 1�4J�,rider(of.�'ui1�� .
<br /> , ,to provltlt T:�tider with any materia�.i�aso.r�tion)in connection wiih the toan evidenced by the Note.including.•but nd{;�imiced`
<br /> ;.•�tq,.cepresttitations concxrnin�Bonrrak;tc's.accupancy of the Prope�ty n's¢princjpal resideaoc.If tbls Sxurity Ii�stiutnent;�.vn a
<br /> 1�.uhold, Barrowai eluttl a�mply:Wi�lh ut8.Q� }��odS�ons of th,�•,t�.;�se. If Bce�suwcr acgvires fcc titic tc►tfi�i'�'rop:rfy�, tha
<br /> � •iasehold an�i tha fee titl�shall not n��rgt apless f.ei��ler'agroes to thti merger in writing. ?'-•�
<br /> i.l�roteekion o[I�ukr's Ri�liRRs in�Proprrty.If BortowGr fells to perform the covenants snd agrehrhents•a�ntainad in
<br /> this Security Inurument. or there is�u,legal proceeding that may,sigolficandy affxt Lender's rights in the Praperty(su�1��u�
<br /> p�ncaeding in Mnlcruptcy,probrte,for enixiemn�uion or forfeitur�e�r'to enforce laws or ngulations).then I,ender may; n nii¢
<br /> pay for whatever is necessary W pmtect the v�lue of the ProperRy and Le�der's r�ghts in the Property. i,c+xler's ucti�•�iaay
<br /> jnclude paying any sums secured by a lien wtdch has priority over this Sec�dty Insuvment, appa�ring in court, paying �
<br /> rasoc�able aKomoya'foes u�d enteting on the Property to make rcpairs.Although Leuder may takc aalon und�r thie pruagr�ph f i_-
<br /> 7.I.ender doea not have to do so.
<br /> My amounts diclwrsed by Le�rder.under triis parrgraph 7 shal! bocome additional debt of Bomower secund by this
<br /> Sacurity Instnument. Unless Bormwec an� Lender agroe to othaa�3er�nv of payment. these amounts shnii bear interrst from thc
<br /> �����late ot'disburscment at thc Not���ib,,�xi shall t�e`p��y�ble,wt2fi intercst, upnn nottce from Lenckr to Sorrawer requesting
<br /> ,..wynxnt. '... •, , :• : ••
<br /> 8.1V�ott�e Inwr�u�oe.if Y.r�it7�r requiral mo►tg�gE insux�lnce;as a conditian of making tbe I�,an socurod by this So�urity
<br /> ��urtrumetit, �orrower sh�ll pay tFie;�reitiums cequit�ed ro m�inZain ihe mortgage insurence in effect. [t'. fur �y reawi�,�he
<br /> . mortg�gc�lisurLnce coyepge n�quired'hy I.ender lapses or c�asas to'bo In effect,Borrower shall pay tlue pranivau requirod to
<br /> ` dNain covetage subst�iiinlly equiveleat to the mortgage In&wances prevIously fA effoct,at o cost substant�ally equivalent to the
<br /> cost to Horrower of tl�e�mQttgage insuruxx prcviou�D9�.in sGitctf from an alterhate tnortgage insu.rer approved by I.cnder. If
<br /> s�ubstantially.equivalent hiuilgsige ins�raace cnverage Is noE'svain�'tife.Borrower shall pay to Lader each uanth a sum eqwl to
<br /> one-twdtih af the yearly mortgega ins�iirance premium being pat�i.by Borrower when the insurance caverage Inpsod or cwgai to
<br /> be in effxt.Lender will eooept,use a�cl tetaln these payments a� �u�lass reserve in lieu of moxtgage insutu�ce. Loss neserve
<br /> form 3028 91l0
<br /> vap�s ce e
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