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<br /> S. Huxar�! or Prnperty Insurunce. Harruwer ,hall kccp thc impruvcincntti nuw cxititing ur h�naltcr rrected un thc
<br /> Prupcny intiurcd aguintit lu�ti by tirr, h.�iard� includrd �vithin thc tcrm "cxh:ndcd ruvcra�:c" and+uiy ��thcr harn•d.. includin�:
<br /> tluud,ur flo�xling. I'ur whirh Lcndcr rrquirr, in,uranrc. 1'hiti intiurunrc�hall hc maintaincd in thc ainuuut+:ind f��r Ihc �xriixlti
<br />� th;it I.cndcr rcyuirc,. Thr imur.incc rarr�rr pruviJin�ihc iu,uran« +hall hr rho�in h�� N�,rr�+«rr,uh�cr� tu I.rn�lrr'• iipp�nvcd �
<br /> whirh �hall not hc unrca�i,nably withheld. If Borruwcr fails tu niaintain coveragr dc�cribcJ id�uvc. Lcndcr m;ry. ut I.cndcr',
<br /> option.ubtuin cuvcrugc t�,prutcrt Lcndcr'+rightti in thc Pn,perty in accordanrc�vith parugraph 7.
<br /> All insurancc pcdiries und renewal� �hall tk ucceptahle tu Lendcr aod rhull i�uludc a stundard m��rtgugc�lau+c• l.citider
<br /> shall huve the right to hulS the polirics and renewuls. If I.ender rcyuirc..Borrowcr shull pr�nnptly give tu lsnJcr .dl rr�ciptti of
<br /> paid premiums and renewal noticrs. In the event of lo.rs,Bonower shall give pmmpt notice u�the insurance curcier:uid I.ender.
<br /> L.ender may make prouf of loss if nat tnadc prompUy by Borrawer. —
<br /> Unless Lendcr und Borrowcr otherwisc agree in writing,insurance pracceds shall be upplicd to rctitorntion or repuir of the
<br /> property damaged,if the restorution or repair is economicully feasible and Lender's security is not lesscned.If the restoration or
<br /> repair is not economically feasible or Lender's security would be lessened,the insurance prcueeds shall be upplied to the sums
<br /> secured by this Security Inst�ument, whether or not then due, with any excess paid to Borrower. If aorr��w•er ubandons the
<br /> Property, or dces not answer within 30 days a notice tirnn Lender that the insurance carrier has offered to settle u claim, then
<br /> I.ender mny collect the insurance procecds. Lender may use the proceals to repair or restore the Property or to pay sun�s -
<br /> secured by this Security Instrument,whether or not then due.The 3U-day period will begin wlien the notice is given.
<br /> Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs l and 2 or change the amount af the paym.,ents. If
<br /> under paragraph 21 the Properry is acquireci by Lender,Borrower's right to any insurance policies and proceeds resulting from
<br /> damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security Instrument
<br /> immediately prior to the acquisition.
<br /> 6.Occupancy, PreservatIon,Matntenance and Protection of the Propertv;Borrower's Loan Application;l.easehalds.
<br /> Bonower shull occupy,establish,nnd use the Property as Borcower's principal residence within sixty days after the execution of
<br /> this Securiry Instrument and shall continue to occupy the Properry as Barrower's principal residence for at least one year after
<br /> the date of occupancy,unless Lender otherwise�ti,s.rees in writing,whtch cansent shall not be unreasonably withheld. ar unless
<br /> extenuatine circumstances exist which are beyond Bonower's control. Borrower shall not destroy, damage or impair the
<br /> Property, allow the Property to deteriorate, or commit waste on che Property• &,��.�uej shalZ tx �n def ttlt if�tty f�tfPit��re
<br /> action or proceeding,whether civil or criminal,is begun that in Lender's bood fuith judgment could result in forfeiture of the
<br /> Property or otherwise mater�ally impair the lien created by this Securiry Instrucnent or Lender's security interest. Borrower may
<br /> cure auch a default and reinstate.as provlded in paragraph t8. by causing the acdon or proceeding to be dismissod with a culing
<br /> that, in Lxnder's gaod faith determination, precludes forfeiture of the Bonower's interest fn the Property or other met�rial
<br /> impairment of the lien created by this Security Instrument ar Lender's securtty interest. Borrower shall also be in default if
<br /> Bonower,during the loan applieation process.gave materially f�lse or inaccurate information or statements to Lender(or failed
<br /> to provide I.ender with any material infomiacion)in connection with the laan evidenced by the Note,including. but not llmited
<br /> co.representations concerning Borrowar's occupancy of the Property as a principal residence. If this Security Insuument is on a
<br /> leasehold, Borrower shall comp�y with al� the provis3ons of the lease. If Borrower acquires fee tide to the Property, the
<br /> leasehold and the fee title shall not merge unless Lender agrees to the merger in wr�ting.
<br /> 7.Protectlon of Leader's Rights in the Property.If Bocrower fa�ls to perform che covenants and agreements oontained ln
<br /> this Securiry Instrument, or there is a legal procee�ding that may significently affect Lender's rights in the Property (such es a
<br /> procetding in banlauptcy,probate, for condemnation or forfeiture or to enforce laws or reguladons). then Lender may do and
<br /> pay for whatever is necessary to protect the value of the Pmperty and Lender's rights in the Property Lender's actions may
<br /> include paying any sums secured by a lien which has prority over this Secudty Instrument, appearing in court, paying
<br /> reasanable attomeys'fees and entering on the Property to make repairs.Although Lender may tnka action under this paragraph
<br /> 7,L.ender does not huve to do so.
<br /> , pny amowus disbursed by Lender under this parsigraph 7 shall bocome additional debt uf Borrower secured by this
<br /> , Security Instrumcnt.Unless Bonower und Lender agtee to other terms of payment.these umounts shall bear interest from the
<br /> date of disbursement at the Note rate and shall be payable, with interest, upon notice from I.ender to Borrower x+equesting
<br /> payment.
<br /> 8.Mortgpge Insurance.[f Lender required mortgage insurance as a condition of making the loan secured by this Security
<br /> Instrument, Bonower shall pay the premiums required to maintain the morigage insurance in effect. If. for any reason, the
<br /> mortgage insurance coverage mquired bY Lender lapses or ceases to be in effect.Bonower shull pay the pttmiums required to
<br /> obtain coverage substantially equivalent to the morcgage insurance previously tn effect, at a cost substantially equivalent to the
<br /> coat to Borrower of the mongage insurance previously in effect. fmm an alternate mortgage insurer approved by Lender. If
<br /> substantially equivalent mortgage insurance coverage is not uvailable,Borrower shall pay to I.ender each month a sum equal to
<br /> one-twelfth of the yearly mortga�e insurance premium being paid by Borcower when the insurance covetage lapsed or oeased to
<br /> be in effect. Lender will accept,use and retain these payments as a loss reserve in lieu of mortgege insurance. Loss reserve
<br /> Form 3028 8190
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