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<br /> S. H�wn! or Piapert�
<br /> IwurNnre. &irmwer xh�ll kap Ihe Impnrvemeirtw •oxi�tin���re�ft�Er�nn tho
<br /> Property inwred r�xinrt luex by 11rc, hNx�nlr i�x:lwlai wlthin IFw terni "eMtendal covera�a" and any othcr h�rnrdK, irxluding
<br /> flood.+ar Iloading,for which I..e�x1Cr requlrex insurwtxe.This InKUra�xc�hrll hc inaintwhKd In thc umuunt.r uex!fi�r!hc perlod�
<br /> that I.�nder requlrc�. The Inxuranca c�rrier pn�vidh��the ie�+uru�xe shull bc rlw�cn by Hurrowcr nuh}cct tu l.ei�icr's urprovnl
<br /> which sh�ll nnt be unreawna�bly withheld. If 8orrowcr fMfle to mainouln caver�g�•dcscribcd �bove, I.o�xlcr muy, ut I.ctxlcr'n
<br /> option,obtain caverage to protect l.ender'R rights(n the Propeny in a�:cc►rdance with puragraph 7.
<br /> All insurance pallcies und renewals ehull be acceptoble ta Lender und shsll include s stanciard martgage clautic. I,cnder
<br /> shall have thc right to hold the policies and renewale.If Lender requi�es, Bcirrawer xhall promptly givc to I.encler all roceiQts of
<br /> paid premiums ar�d renewal notices. In the tvent of loss.Barrower shall give prampt notice to the insurance carrier and I.ender.
<br /> Lender nuy m�ke prcwf of loss if not made promptly by Borrower.
<br /> Unless Lender and Borrower otherwlse agree in wridng,insurance proceods ehall be applial to restoration or repair of the
<br /> Prape�ty damaged,if the restoration ar repair!s economlcally feasib[e and Lender's secadcy is nct lesstned.If the rcstoratlon or
<br /> rcpair is not economically feasible or Lender's security would be lessened,the Insuranx proceede ahall be applied to the s�ms
<br /> secured by this Security Instrument. whether or not then due, wlth nny excess paid to Borcowcr. If&�rrowcr abandons tho
<br /> Property,or does not xnswer wlthin 30 days a notia from I.ender that the insurance carrier has offerai to settle a claim,thea
<br /> Lender may collxt the insura�ce proceeds. L.enda may use the proceeds to npair or rostore the Praperty or to pay sums
<br /> sccured by this Securlty Inswment.whether or not then due.The 30-day period will begin when the nottce is glven.
<br /> Unless Lender and Borrower otherwise agcee in writfng. any appllcation of proceeds to principal shall not extend or
<br /> postpane tha due date of the monthly payments referrod to in paragrephs 1 and 2 or cht►nge tha amount of thc payments. If
<br /> w�der paragraph 21 the Property is acquirod by I.ender,Borrower's right to sny insurance polIcies and proceods resulting from
<br /> damage to the Property prior to the acquisition shall pass ro Lender to d�e extent of the sums secured by this Socudry Instrument
<br /> immcdiately prIor to the acqu�sidon. '
<br /> 6.Occupancy,Preservation,Maintenance and Protectfon oi the Property;Borrower's Lonn Applks�hon;I.easebolds.
<br /> Borrower sliall accupy,establish,and use tha Property as Borrower's pdncipal residence within sfxty days after the executton of
<br /> this Security Instnunent and shall continue to oc;cupy the Property as Borrower's principal residence far at least one year after
<br /> th�datc of accupaacy,unless Lender otherwise agrcts in wridng,which consent shall not be unreasonably withheld,ar unless
<br /> extenuating eircumstances eust which are beyond Barrower's cantrol. Borrower shall not desuoy, demage or impair the
<br /> Property, allow the Property to deteriorate, or commit waste an the Property. Borrower shall be in default if any forfeiture ,
<br /> action or praceeding. whether civil or criminel. Is begun that in Lendcr's good faith judgnKnt could result in forfetture of ths
<br /> Propaty or otherwise matedally impair thc lien croated by thls Security Insnument or Lender's socurity interest.Borrower may
<br /> cure such a default and reinstate.as provided in paragraph 18,by c;ausing the action or procooding to be dismissed with a ruling
<br /> that,in Lcnder's good fatth determination, prx(udos forfeiture of the Borrower's interest in the Property or other material
<br /> impsimxsli t�f tllt liwn����t►rl hp thic Securlty Instrurnent or Lender's security intemt. Borrower shal!also b� in default if
<br /> Borrower,during the loan application process,gave materialty false or Inaccurate inforn�ation or statements to Lender(or failed
<br /> to pmvide Lender with any material lnformation)tn con►►ecdoa with the toan evidenced by the Note.including,but not Limited
<br /> ta. representations concerning Borrower's occupancy of the Properry es a principal resldence. If this Secuiity Instrument is on a
<br /> lea.v.�old, Borrower shall comply with all the pmvisions of the lc;ase. If Borrower acquires fee dtle to the Property, the
<br /> leasebold and the fa title stwll not merge unless Lender ngras to the m�rger in writtng.
<br /> 7.ProtecNon ot I.ender's Rl�hts in the Propa'ty.IP BorroK�a f�ils to perform the covenante rnd egroements containod in
<br /> thia Secudty Inatrument, or there is a leg�l proceeding that may signific�ntly affect Lender's dghta in the Prope�ty(such�u a
<br /> pr+accoding in bankruptcy,probnte. for condem�wtton or forfeiture or to enfom laws er regulAtions),then i.ender nuy do md
<br /> pay for whatever ls naxssuy to protect the value of the Property a��d Lender's dghts in the Property. I.encler's act[ons may
<br /> include paying �ny sums aecured by a lien which hta priority over thia Security Instcument, appear�ng in �rt, pqing
<br /> rearorwble attomeya'foea and entering on the Prope�ty to rn�ke rep�irs. Althoagh Lender may take�ction under thlr pwrx�caph
<br /> 7. I.er�der daes not have to du so. .
<br /> Any amounts disbursod by Lender under this pen�graph 7 sh�ll become dditional �ebc of Borrower eavrod by thi�
<br /> Sxudty instcument. Unless Borrower and I.tnder egres to oth�r terms of payment. these emounts stull beu inurest from ths ;
<br /> clate of disbursement at the Note �te and shall bc payable,with inter�st, upon notfcc from Lender to Eorrower req�esting
<br /> P�Yment. �
<br /> 8.Moct��e I�wrAnce.If Lender ctiquired mortgage insuranco as a condition of making the loert socu�+ed by thia Socuriry
<br /> Instmment, Borrower shall pay the p�+emiums reguired to m�intain the mortgage insuraixx in effoct. If, for any rsason, the �
<br /> mortgage insuranoe eoverage required by Lender lxpses or ceases to be in effect,Borrower shall pay the premiums requirod to �
<br /> obt�in cover�ge substAndally equivalent to the mortgage insurance previously in effxt,at a cost substantielly equivelent to the
<br /> oost to Bocrower of the mortgage insurana pnviously in effect, from en slterrwte mortgage insu�+er approved by Lender. If '
<br /> aubstunially equivalent morcgago insurance coveragc is not availabte,Borrower shall pay to Lender each month a sum equal to
<br /> one•twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsod or ceasod to
<br /> be in effect.Lender will accept,use end retain thesa payments as a loss reserve In lieu of mortgage insurance. Loss r�serve
<br /> Form 3os9 s�lo
<br /> ►pe 3 oe e
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