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<br /> S. Hwzard or Property lasur�nce. Horrower :�hall kcep the imprmc�ncnt�i nm+v existing on c�reaflr,r cCr.atq on t
<br /> Praperty ialurecf wgainst locs by C re, he�atcis includecl wlthln the term "extended coverage" atxl nny ather hazard►., including
<br /> floods ar flcxxieng, fur which l.eixlcr rcyulres insurancc. This insurancc shnll bc,mnlntained in th�wiwunts cmd fm•tfie pr.riads
<br /> tl�at l.�nder rec�nircs. Thc insuranee cyrrier praviding the insurance �:hul! be chasen by &�rrower Fubject to 4eixler's approval
<br /> whicl� shall not bc unrcau�nnbly withheld. If Borrower fi�ils to maintain caverage d�xcdbrci abc�ve. l.cndr.r mi�y, ut l.cnder's
<br /> aptian.obtain coveroge to protect l.ender's rightti in tbe P��u��c�ty in ucc�f�duixc with µ�r.agra�th 7. -
<br /> All insurance policies and renewalr:shafl be ucceptable to l.eader and shall includo u stanci��ra.mnrtguge cluur�e. I.ender
<br /> shall have the right to hold the pc�licies und rcnewuls. !f Lender requires. Borrowcr shall prcm�t{y give tu iRnd�r al!receipts of
<br /> paid premtams and renewal notices.In the event of toss,Bc�nower shull give prompt notice ta tha int;un+nce carici4r and I.ender. 1
<br /> Lender may make proof'of loss if not ms�de promptly by Borrower. �
<br /> Unless l.ender and Barrower otherwlsc agra in writing,insurancc proceed9 shull bc a�plicd to r�taration or rcpnir of the
<br /> Property damaged.if tha r�storadnn or repair is euuiwmically feasible and Lcndcr s securiry is not le.s.sened.If the sestar.►tion or
<br /> rcpair is not ecanumically fcasible or Lender's Security would be lessencd,th� in.surance proceeds shal!be applied to the sums
<br /> secured by this Security Instrument, whether or nat thsn due. with eny excess paid ta Horrower. If Borrower abandons the
<br /> Property,or does not answer with�n 30 days a notice from l.ender that the insurortce carrier has offered to settla n claim, then
<br /> i.ender may collxt the insurance proceods. l.ender mny use the praceeds to rcpn3r or restore the Froperty oc to pny sums
<br /> secured by this Socurity Insteument,whether or not then due.The 30-day pe�ivd witt begin when d�u nnt�ce is given.
<br /> Unless I.erder and Borrower otherwire agree in wciting, any a�lication of praceedy to prinalnal shalt na►extend or �
<br /> postpone the due date of the monthly pnyments mferred to in paragr�hs 1 aud 2 or cAanga tha amcufrt of the payn�ents. if ',
<br /> ucvd,er paragraph 21 the Prop¢rty is ecquired by Lender,Borrower's right to any insursnce poliries a�xJ pror,eeda r�sulting from
<br /> dae�l;e to the Property prior to the acquisition shall pass tc�Lender to the extent of the sums secured by d�ts Security Instrument ;
<br /> imme�iat�ly pcia ta the acquisition. '
<br /> 6. Occupa��t�', i'reserv�ttion, 1Niaintcnttnce rnd gru��ci+u,uo e��i;uc::o�.,:�;::uir:�c:.r's*�:s,/3p�t:�:.���; Lt4��!�k- ;
<br /> Barrower shati occupy,establish,and use the Property as BorrnHei s Ft3�cipal residence within sjxry duys nfter the eacxution of
<br /> tlus Security Insnument and sh�ll continue to occupy the Pr�perry ns�,�rrower's principal residence for at leASt r,�e year after �
<br /> the u�►te of occupar�cy,unless Lender otherwise agrees in wviting.which consent sba11:cx►t Ix unreasonably w[ti�}aen�i.or unless
<br /> ex+a^�uating circumstances exist which nre beyond Borc+�xrr's conuot. Borrower shult noc destroy. damaSe �r impair the
<br /> FK,�perty, allow Iha Property to dcteriorate. or commit w;tst� on the Property.&�rcov+er sh�l� be in default if any forfeiture
<br />� action or pracuding,whether civil or crim3nal,is begun chat in i.e�r's good faith judgmGnt�cpuld.tesult in forfetture of the
<br /> F."rt+perty ar odxrwise mnterially impuir the lien crcated b�1t►is�ecuricJ� 3nsaumcni or Lcndar'a u�xu4ni�r inieresi.Parsau�r�y
<br /> ca�rre such a default and reinsu►te,sis providcd in paragra�h 7t�,by causing the action or proceeding to be dismissed with a ruling
<br /> t�az, :in Lender'a good fiith determinatlon. precludes f�x'��!�v:a of the Borrower's int¢rcst In the Property or ather muteda!
<br /> it�•su;nment oE t�s lien created by this Security Insnvme+x��r. i:e:w'�r s security interest. Borcower shall also be in default if
<br /> Bori�wer.ri+u,�r�tine loan application process,gave mnteriaily f�tsr cx t,.��-�:curate information or stunements to Lencler(or failail f
<br /> t�,�xavjde I.eridcv with any material infotmudon)in cotutection w[th the loan evidenoed by the Notc,including,but nat limited ;
<br /> �^,,,r.epresentations conceming Borrower's occupancy oE thu�'+�operty es a principal��sidcnce.If this Security Instnument is on a ��
<br /> �sehold, Burrower shall cowply with a!! the pt�ovtaG;;:�of the lease. if Bornoiv� ncquires fee tide ta the Property. che
<br /> leasehuld and the fa title shall not mergc unless Gendcr��-xs to the morger in writing. �
<br /> 7.Pr�ntection ot I.ender's Rights i�tA�a Pt�operty.If Bosrower fails to pedorm tho vovenan�,s antt.ugrecments oonttined in.
<br /> � this Security Inshumenc,or there is a l�gol p[�occeding that may significantly affect l.ender's rights in the Property (such as s
<br /> proceeding�n bankrupccy,pmbnta.for condamn¢tic�n or furfeiture or to enfom Iaws or regulations).then i.ecxbr may do and
<br /> pay for whatever i�necessary to protcxt the valua c+E ii�e l�t'operty and I.ender's rights in ttie Properry. Lendor"s actions may
<br /> include paying any sums secuned by a lien which•k�.9 �riortty over this Saurity 1[ostrument, appearing in court, paying
<br /> reasonable attnroeys'fees and entering an�tha PropeRy Yc��mu�ce repairs. Although �;cn�ier may take action under this paragrnph
<br /> 7.i.endar docs not huve to do so. •:•
<br /> Any a�r►ounts disbursed by I,.ender �rJa�:r thia �cagraph 7 sh05� beeome adcltttonal debt of Bor►vwer securad by tN3s
<br /> Sec�leiry instrument.Unldss Bocrower and Ltnder a�c+tc xo oth:r temts of payment,�ese amounts shall bear itttenest from the
<br /> dn'tr of disburaement at the Note rate and shall be paysbte. with intcrest, upon ti:�tia from Lender to Bornovi.r�x requ�siing
<br /> payment.
<br /> 8.Mortg�e Insarance.If Lendnr raquired mortgage insurance as a condidon of malcing the loan sxurcd by this Securiry
<br /> Instrument. Bocrower shu14 pay the pr�emiums requirod to maintain the mortgage insurar�ce ia effect. If. for any reason. the
<br /> i�tostgage insurence oover�ga requii�ed by Lender lapses or ceases to be In cffea, Bo�rower stiall pay tt►e pnmiutng required to
<br /> e�btain coveruge substantially equivatent to the mortgage insurance prcviously in eEtecrt,at a oost substandally equivaleM to the
<br /> ca�t to Ii�xnrwrr of the mortgage insura�xe previously in effect, from an altemate nwrtgage insunc approved by Lender. If ,
<br /> substandally<zµi�e�lent mortgage insurance coverage is noc nvailabte,Borrower shall pay to Lender earh month a sum equal to ,
<br /> oi�twelfth of the yearly mortgage insuraixe prcmium being paid by Sorrower when the insurw�e coverage lapsed or aased to :
<br /> ,(re in effoct.L.ender will accepe, use and�etain these payments as a loss nsorve in lieu of mortgage insuru�ce. Lnss rtiserve
<br /> Form 3028 8/!0
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