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<br /> �� • 3. �ioz�trd or Propsr►y Insurnnce.Bc�nower ahull kcep the impruvements now exi�ting or hereafter erected on the
<br /> � Pmpetry inaured aguinst lasa by flre. hazarda included within the tern� "eatended coverAge" and any other hazurds, including „
<br /> . fioods or tlooding, !or which l.ender requlr¢s insurance.Thia inAUrnnce ahall be maintalned in the nmounts and for the perioda . .
<br /> ' thut Lender requirca. Thc inaurunca cnrcter provldin�thc insurance ahall be chasen by Bonower eubject to I.ender's npprovAl
<br /> which ehuli not be unreasonably �efthhcld.If Borrnwer fnils to maintuin covcri►gc descrjbed nbovc. Lender may, nt l.endcr's
<br /> aption,obtain coverAgo to protect Lender's dBhie in�he Propecty in accordnnce with pnragrAph?. ',
<br /> , All insurnnce paliciea nnd renewnta ahali be acceptnble to L.ender and sh:►il Inrlude n atundard mortAaBe alAUSC. Y.endcr
<br /> , ahall huve the right to hold the policies and renewals.If l.�ncler requlrea,Botrower shall promptly glve to L.ender�11 reccipts of •.,��..
<br /> ,� . puld premiuma und renewul notices, In Ihe event of losa.Honower shall give prompt notice to the inaurance cnrrier nnd l.ender. -
<br /> - Lender muy make pmof o�f loss if not mnd�pramptly by Borrower. ��"
<br /> - '�"J Unlesa Lender and Botrower otwenvise a}�ree in dvritinB, insurunce proceods aha11 be applied to restoration or repnlr of the _t
<br /> �' Prapeny damaged,if cha restoration or repelr is ecanomisally feoslble and I.ender's security ta not lessened. If the restoration ar
<br /> . repair is not ecoaomically feasible or Under's�ecudry would be lessened. tha insurance proceeds shail be applied to the sums --
<br /> secured by this Security Instrument. whether or not then due, with any eacess pald to Borrower. If Borrower abandons thc ,�,
<br /> . • Progerty. or does not anawer witbin 30 daya a notice from Lendar that the insurnnce carricr has offered ro settle a claim, then n;.�
<br /> �� Leader may collect t�e insurancc proceeds. L,eader may use the procceds to repair or restore the Property ar to pay sums �`•�r
<br /> � ° ;� secured by thla Securlty Instrument,whether ur not then due.The 30�day perlod atll begin when the notice is glven. i=.
<br /> � �� Unless Lender aud Horrower otherwise egree in wdting, any applicacion of proceeds to principal shall not eatend or �=-
<br /> ','� postpoae tha due date of the monthly payments referred to in paragraphs 1 and 2 or chaage the amount of the paymeats. If �, �-
<br /> under paragraph 21 th6 Praperty is ncquieed by Leader.Borrower's ri�ht to any inxurance policies und proceeds resulting from --•
<br /> _ ` damage to tbe Property prior to the acquisidon shall pass to Lender to the extent of the sums secured by this Secudry Iastrumeat ` T
<br /> ' � immedlately prior ta the acquisition. �"'
<br /> �, 6. Qccupancy, Preservation, Maintenumce und Frolectton of the Property; Borcower's Lonn Appltcution; �;"�-�
<br /> -y'U� LeF.sahmtds.Borrower ahall occupy.establiah.and use the Property as Borrower's principal residence withia skty days after the --
<br /> � executioa of this Securlry Iastrumant and shall contiaue to occupy the Property as Borrower's principal residence for at least one r�'
<br /> ''� a year after the date of occu.pancy.unless 1-endar otherwise agreea in wdting,which consent shall not 1s�unreasonably withheld, �'`7`
<br /> " � . or uNess extenuating cirewnstances exiat which arc beyond Borrower's control. Borrower shall not destroy,damage or impair �;:;^_
<br /> �!, �.. the Property,ailow the Property to dcceriorate,or commit waste on the Nroperty.Borrower shall be ixa default if aay forfeiture �::---
<br /> uction or proceediag, whether civii or crimiaal,ia begun that W I.ender's good falth judsment could result in forfetture of the _
<br /> I;'`+�'� `�4 Propetty or othenvIse matedally impalr the lien created by tWs 3ecurlty Inauucnent or I..ender's security iaterest. Borrower may
<br /> -'�-1s � �� - cnr:sucts s default ans!re�nssete,�a�+mvided in pars�raph 18,by causinu the action or ptoceeding to be dismissed wlth a ruliwg --
<br /> " � � that, 1n Lender's good faith detem►inadon, precludes forfeiture of thc Borrower's inte�+est in the F^rapeny or other material
<br /> ° n impairment of the lien created by this S�wriry Insuuraeat or L.ender's serurlty interest. Borrower ahait also bc in dafnult if
<br /> `� Borrower.during the loan epplicadon prosPSS.gave materially false or ineccurate lnfomratton or atatements to Lender(ot failed
<br /> : !�,�;' to provfde Lender with eay matedal intormadon)in connectiott with the loan evldenced by the Note,including, but not limited
<br /> ��='•�� " � to,representattons cnnceralag Borrower's nccupancy of the Property as a principal restdence. If this Security Iastrument ia on a �
<br /> . � leasehold. Borrower ahall comply with all the proviaiong of the tease. If Borrower acquire� fea tide to the Property. the
<br /> leasehold and the fee tide ahall aot merge wlesa Leuter agrees to the merger in writing.
<br /> 7.Protedion of Leaider's Rlghts in the Property.If Borrower fails to perform the covenants and agreements coatatued!n
<br />+.,.�''�r!t� �-� this 5ecurlty Ins�ent, ar there la a le$ai proceedin�that mny sigaificandy tifffert Lender's rights in the Praperty(such as a
<br />- �;,}i'i� �� pmceeding in baalauptcy.probate, for caademnation or forfeiau+e or to enfnrce laws or regulations), thea I.ea�er�aay do and
<br /> ,.1r;;���'�'•'`, a for wbate�cv ia necessary to protat the value of the Property and Leader's rlghts in the Property.L.ender's actions moy
<br />� . � PY
<br />_�:�;;,',",',. include Pa}+1nB any sum.g secured by a Ilen which has prioriry over this Secudty Insuument. ePPeartng in court� PaY�&
<br />'�"`��'�``�`'''"� � mast�nable attorneys' fees ead Entering on the Property to make repa�rs.Although Lender may take acttoA under th4e paragraph __
<br />�1��;,n . Y� _
<br /> ��, 7.Landcr does not have to da so.
<br />�;;'�;`;�?' ��y�: Any amounte diabursed by Ireader undcr thia paragraph � shall become addldonal debt of 8otrov+er se�ured by tl�is _
<br /> !p:h!-... 'r --
<br /> .. . Secudry Instniment. Unless Borrower emd I�nder agree to uther terms of payarent, theae amouata shall bear interest rnm e ,�
<br />.fi-:• �• date of disbursement at tbo Note rate und ahnll be payable, with intetest, upon aodce from I.ender to Borrower requesting _
<br />�;:�'3�_-�_ Payment. ., � , a p �
<br /> .�,;�f, 8.1:4este�,e Er�zr��sQ. If 3.endet seqee�ted tnorioege lnsus..�ct+�a�cnnditinn ot mnking the loan secured by this Security
<br />;":'��_.;_��, ,,-_� instrnment, Borrawer shsill pav the pmrnivans require.d ta maintain the mortgAge insuraace in effect. if. for any reason,the
<br /> ="_�y� :.�.ur.n�xser.tse z�qulr�yy t P.,�Pr ta�,aPV�r rnaeaa m he�n erFecc.Borrower sha�t pm the pzemiums�equiird io =-__
<br /> .�.:.�g:a� ..
<br /> ��}'"'�;;,.° ?� obtaiu coverage substantiaUy equ�valent to the mortgage insw�noe previously in effect,at a cos[substunNally equivalent to tho
<br /> �;-- �� ' ` ooss to Borrawer of the mortgago Insuranx previously in effect. froni an altemate mortgage insurer uppmved by I.en der. I f -
<br /> {,''`ir� substantially eq�ivalent mortgage inswance coverage is not available.Borrower ahal!pay to Lender each anonth a sum equnl to
<br /> ""��;.'� �. one-twelfth of the yearly mortgage inaurance pnmium being p�td by Borrower whes the insurance covernge iapred or ceased to _
<br /> 5' be in effect.Lender will uccept,use and reta�these payments as a loss rescrve in lieu of raortgage iasurance. Loss c+eserve -
<br /> � ' Form 3028 9t�0 �'°=
<br /> '. ��RfNEI res�m.a �eDO�ot0 w,�,: �;�?
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