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<br /> ,* . IusurA� Bnrmwcr shall kcep thc improvements n�existing or hereuftcr crectcd on thc —
<br /> ���: . , 5. Ha�.�rd or{'raperty —
<br /> •,..�•;, r.�,
<br /> nroperty insureef agninst los+by fire, h:�u►rJs includcd within the term "extended covernge" und uny other huutrd�, inc u �ng
<br /> • fl�xxl�ur fluoding.for which Lender requires insuranr.c. This insurance shull be maintafned in[he umounts und for the periods y �
<br />;-'�+� thnt I..endcr rcyuires.The insurance currier providing the +ns���mainta'm coveruge dc eB�bed Abovel�JL.ender�mayc at I-ender�s �-
<br /> "',"� which :�Bul1 not bc unrcasonubly withhcld. If Bnrrower fail �
<br />-,�,�,,,,.,_,T opcion,obtuin covcragc to protcct l.cndcr's rights in the Property in accordance with purugraph 7.
<br /> _- h All insurance p��licies and renewals shull be ucceptabl�ee'or L.endeSr,Borro ver shalldpromptly g ve to 1.ender ull rece pt sof �
<br /> � sh��ll huvc thc right�o hold thc{x�licies und renewnls.If Lcn q
<br /> . , puid premiums and renew�l notices. in the event of loss,Borrower shall give prompt notice to the insurance carrier and Lender. � !
<br /> = I.cnd�r muy mukc proof of lass if not mudc prampdy by Borrower.
<br />- , nd Borrower othcrwisc agree in writing, insurance proceeds shaU be applied to restoration or�sporat on or� —
<br /> Unless Lender u
<br />'°s'y 1 ' Property damaged,if thc restnratian or repair is economically fcasible and Lcnder's security is not lessened. If t e re -
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<br />__ �;± rcpair is not economtcully feasible or Lendcr's security would be lessencd, the insurance proceeds shall be applied to the sums
<br /> U•'•`'�'`'� secured by this 5ecurity Instrument, whether or not then due, with any excess puid to Borrower. If Borrawer abandons the �_
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<br />=.q�r�;�,,t,�1 Property, or does not answer within 30 dnys u notice from Lender that the insurance canier has offered to settle a claim, then
<br /> '-�'.i� I.ender may c�Uect the insurance proceeds. Lcnder may use the procecds to repair or restore the Pmperty or to pay sums -
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<br />__,.�:..��.rt;.;:� secured by this Security Instrument, whether or not then due.The 30-day P caion of bro eedsctotprincipal'shaUenot extend or
<br /> " �' Unless L.ender and Borrowcr atherwise agree in writing, nny app ' P �
<br /> _ �`� postpone the duc date of the monthly payments referred to in paragrs�phs I and 2 or change the amount of thc puyments. If �
<br /> � undcr paragraph 21 thc Property is acquircd by Lender, Borrowcr's right to any insurance policies und procecds resulting from —
<br /> ,r damagc to the PropcRy prior to the acquisition shull pass to Lendcr to the extent of thc sums sccured by this Security Instrument _
<br /> �. ,•; immediatcly prior to thc acquisition.
<br /> • 6.Occupancy,Preservation, Malntenance and ProtecNon af the Property; Borrower's I.oun Appl[cat[on;Les�seholds.
<br />- Borrower shull occupy,establish,and use the Property as Borrower's principal residence within sixty dnys nfter the execution of
<br /> '�'` '`•. this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after
<br />""^�"'•�•'`: the dute of occupancy,unless L.ender otherwise ngrees in writing,which consent shall nc�t be unreasonably withheld, or unless
<br /> ��•�.:•�����3 ` extenuating circumst:u�cC� c;�ist �l�ich af� �e;^nd Rorrower's control. Bonower shall not destroy, damage or impair the
<br />�.°"�''�?'�'`��r• Propeny, allow thc Property to dcteriorate, or commit waste on the Property. Borrower shall be in defauit ii any fuifaiiur::
<br /> • ��w�a•
<br /> • ����� action or proceeding, whether civil or critninal, is begun that in l.ender's good faith judgment coald result in forfeiture of t e
<br /> �'°���'+'•� Pra ert or otherwisc mnteriaUy impair the lien creuted by this Securiry Instrument or Lcnder's security interest. Borrawer may
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<br /> :-�>ii:�:� cure such a default and reinstate,as providcd�i�ludesAf orf 8ture of thcsBorrower c in erest�n the Property o o hier materi�al
<br />'::sr�t`�~r 4�
<br /> ��.,. that, in Lender's good faith determination, p
<br /> --:.�'"%c°'��' impuirment of the lien created by this Securiry Instrument or Lender's security interest. Bonower shall ulso be in default if
<br /> �. �,.�,w.�
<br />- ;,..,,-. Borrower,during the loan application process,gave materially false or inaccurate information or statements to L.ender(or fail
<br /> j'';=r•�� � to provide Lender wit6 any material informution)in connection with the loan evidenced by the Note, including,but not limited
<br /> °-:_�;..�.� .
<br /> t_..:,��}�„ to,representations concerning Borrower's occupancy of the Property as a principal residence. If this Security dnstrument is on a
<br /> -:- ,�` leaschold. Borrower shull comply with nU the pmvisions of the lcase. If Borrower acquires fce title to the Propcny, the
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<br /> ���. leasehold and thc fee title shall not mergc unlcss Lendcr agrces to the mergcr in writing.
<br />:':�;:�.;t;,�� 7, Protection af Lender's Rights in the Property.If Borrower fails co perform the covenants and agreemeuts contained in
<br />_;;,�:1k��r this Securiry Instrument, or there is a legul proceeding that may significantly affect Lender's rights in the Property (such as a
<br /> ':'�;; proceeding in bankruptcy,probate, for condemnation or i"orfeiture or to enforce laws or regulations), then L.ender may do and
<br /> .W*�-: �""`' ' pny for whatever is necessary to protect the value of the Pmperty and L.ender's rights in the Property. C.ender's actions may
<br /> ---.. '" include paying anY sums secured by a lien which has priority over this Security Instrument, Appearing in court, paying
<br /> ..• reasonnblc attorncys'fecs and cntering on tlie Property to muke repairs. Although I.ender may take action under this paragraph
<br /> ,';`�: _:� 7,Lcnder does not huve to do so.
<br /> ,•�•r•�•�- Any amounts disbursed by Lender under this paragraph 7 shal{ become additional debt of Horrowr.r secured by this
<br /> �"`',..,..,..�. .
<br /> �~. ' date of d sbursemcnt atl he Notc •atc an hall bc payable`hwitn ntcrestP pon�n t ccefr m�ul.endcr IrobBorrowersr quc ting
<br /> paymcnt.
<br /> 8. Riort�age Insurnnce.If Lender required mortgagc insurance as a condition of making the loan sccured by this Secunty
<br /> � Instrument, Borrowcr shall pay the premiums required to maintain ihe mortgagc insurance in effc.ct. If, for uny rcason, the
<br /> mortgage insurance coverage required by Lender lapses or ccases to be in effect, Borrower shall pay thc premiums required to _
<br /> .� c�btain coveruge substctntially cquivalent to the mortgage insurance previously in effect, at u cost substuntially equivalent to the _
<br /> � .�'� cost to Borrower of thc mongage insurancc prcviou,ly in effect, from an altcrnutc mortgage insurer approvr:d by Lcnder. If
<br /> substuntially equivalent mortgage insurancc coverage is not available,Borrower shall pay to Lender cach month a sum equal to _
<br /> • •� ono-twclRh uf thc ycarly mortgagc insuraiuc prcmium bcing paid by Borro�ver when the intiurancc covcrage lapscd or ccascd to
<br /> . b�n��f(�cc. L.cndcr will arrrpt, usc and retain thcse paymcnts as a lo�s rescrvc in lieu of moitgagc insurxncc. L.oss reserve
<br /> Form 3028 9180
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