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<br /> S.I�wrd or Propd�ty Inwraqoe. Borrower �iWl kap the improvements now��faing or heroafter eroctod on the
<br /> Property insured �inst tosy by fire, luru+nls included within the tenn 'extended covenge"and any other t�ar�rda. includjn�
<br /> Ooods or flooding.for which Lendar roquircs insuriuue.This Insuranoe ahall be mwinwlned in the arnouMs�erd far the pedoda
<br /> th�t t.ender requina,The inwraaoe curiar providing tha insurnr�ce ahall be chosen by Borrower subjcxt to Lender'R approval
<br /> which rhall not be unnasanably withheld. If Borrower feils to maintain coverage descdbod �bove. Lender may, �t Lender's
<br /> op�ion.abtain cover�ge to protect l.ender's righ�s�in thc Prapaty in acco�du�ce wlth paragraph�.
<br /> All insurance palicies and renewale� sFwll be mceptable ta Lender and shall iixlude a standerd martguge clause. Lender
<br /> shall have the dght to lald tha paliaies pncl rcnewitls.If Lender raquires�Bo:rower elwll promptly give to Lcnder WI rxeipls of
<br /> _ �-�r_� paid premiums and rowewal notices. in tha event of loss, &�rmwer shall give pmmp�noticc to�he insurar�ce c�icr w�d I.ender.
<br /> L.cn�ler msiy make p�ocsf af losa if not madc promplly by Borrower.
<br /> Unless Lender wnd Barmwer otherwire agrce in writing,inr�urar�ve proceed.r xltAll bc applial ta rest�rnli�m�►r repalr of the
<br /> Property damagod.if the rcs�oration ar rcpair is eamamically fcusiblc and Lcnder'a s�ccudty iR nat lexxcnal. If Ihc rcstnmtinn or
<br /> nepwi�ie ncH economMally fcasihlc or I.endcr's��u�ity wouiJ be Icsccnod. �he inwrancc prywealx xhall M:upplial tu�ha wm�
<br /> socured by �hia Security Ins�niment, whe�hcr�►r txN lhen due, wi�h any cxc��►a�wid to&�truwcr. If Horn�wcr rbatak�iu►thc
<br /> �� Ps�ap:rtY. or do� rmt �n�e��vhhin 3Q�yr a ra:t::l:nm l.:s�..-r itwt tha lnxur�ssrr carrirr ha.r offem!tn�eulr r cl�fm.thetr
<br /> Lender may colloct�hc insuru�we pnkccJ�. I,r,�wlcr nwy urc Ihc pnxcala lo �c�wir ur rc�tore tlx Pnrprny nr lu pry wms
<br /> sccurod by Ihis Sccudty In��n�nxnt, whclhcr i+r n�N lhcn Juc.Tlw iU•J�y peri�xl w111 Fkgln wikn IIk�xNicc i��ivcn.
<br /> Unlc4v l.cnder wwt &►RUwer �Nhurwihe oytrcti iu wrltinQ. any Applicwinn��f pr.xocJx p► pri�xi{wl hhall �N►t ex�cnJ ar
<br /> pc►�Ipork �hc due d�lc uf thc nxmlhly puynxms refcrrvd lu in puraQraphx 1 und 2 or chungc Ihe anw►un� ��f�hc p�ymen�s. li
<br /> — undcr paregniph 21 Ihc Proprrly ir acyuircd hy l.c�wlcr. &�rn►wcr'w rlght tu any itu�ur�nec pdicic�um!pnxceJa rctiulling from
<br /> �'. damoge ta!he Propeny p�lor to llw wyuixitiun shwll�s ta L.cndcr w Uu extcnt uf 1hc aumx securod by thia Security lnurumenl
<br /> immcdiatcly prior to thc arquitiitinn.
<br /> - 6.Occupwacy,Prerervalbn�blqlntenonce pnd PrateMlon of lhe Properly=Barrower'c t.onn Applic�tbni l.easefaldc.
<br />• &►rrower shall accupy.establir:h,uad us�c thc Propeny a�Borrower's prfncipal residence within Rixly days ofter the executian af
<br /> this Security Inurument und shall continue to occupy the Property s�x Bnrrower's princip�l residance far at least one year after
<br /> '= the date of occupancy, unless Lender wherwise ugrees in writing.which consent shall not be u�reasorwbly wilhheld,or unless
<br /> extenuating circumslances exist which arc beyond Dorrower's rnntrol. Borrower shall not destroy, durnuge or impair the
<br /> Property, allow the Property ta doterioratc, or cammit wu�ste oo Ihe Pmperty. Borrawer shall be in default if uny forfeltur�e
<br /> _ action or proceeding, whether civil or crimirwl,is begun Ihat in l.cnder's gaod faith judgment could result in fodeiture of the
<br />- r Property or otherwise rnaterinlly impair the lien crealed by this Security Instrument or L.ender's securiry intereat. Borrower may
<br />_ ';';•� cure such a default and reinstate,as providod in paragraph 18,by causing the action or praceeding to be dismissed with a ruling
<br /> :'i;'• � `"• ' that, in Lender's good(aith detertnination, precludes forfeilure af the BoROwer's interest in the Propcny or dher material
<br /> ,`_°1'� „,� ,' �nspaz�tcns of the !ia= create� by this Suurity lastru:sxnt ar l.ender';sacurity inserest. 9orros:�es shs!! al:.o tie in default if
<br /> `,s.' �"�s}. '�'.....
<br /> `�'.;r�.. Y•+:�•-.:�.:: Barrawer. during the loan appliration procesx,guve mAte�lally false or inaccurate informarian or stetements to I.enclar(or failed
<br />;.:,;;:,.�, �h�`.`�•=•fi�- to provide L.ender with any material inf�rmation)in rnnnection with the loan evidenced by the Note, including,but not limitad
<br />-' •� � �+►:�=�:� ' to,representations rnncerning Boirower's accupuncy of the Property as A principnl residence.If this Security Instrument is on a
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<br />:�j.',' �f° : b.,, , leusehold. Borrower shell comply with aU the provisions oi �he leuse. If&�rrowar acquires fee tide to the Property, the
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<br /> ���"`' � '�'"��" leavehold and the feetitla shall nm merge unless Lender agrecs to thc mcrgor in writing.
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<br /> ;j':..; ''�'�'`��'�''= ' ` '= 7.Protection of Lender's Rights in the Properiy. If Borrower fails to perf'orm the covenants and agreemcnts rontained in
<br /> � `�'�'"�rx"' ��`�'�." this Security Instrument,or Ihere is a Iegal proceeding that may signifi�mntly nffect Lender's rights in the Property (such as a
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<br /> ' "'?"""'�'""`:.�"`"`_ proceeding in bankruptcy, pmbute, fi�r condemnatic►n or Piirfciture or to enforre luws or regulations). �hen L.ender may da and °
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<br /> --- , pay for whatever Is necessury w protect the vnluc of the Prnpeny end l.cnder's rights in the Property. l.endar's uctions may
<br /> �• . � "' `""'` include a in an sums secun�l b a licn which has rinrit over �his Securit Ins�rument, a arin in coun, a M �
<br /> ::�."'�=...: P Y � Y Y P Y Y pPe R P Y S =
<br /> •%t'�°�t".•��;' •� reasonable attomeys'fecs�rui enluring on the Propeny to make repairs. AUhuugh Lender may take actian under this paragraph
<br />=;;l. ~.'.f.'' . ' 't Y. ' 7.Lender daes not have ta do so. _
<br /> ''r'"" "y An amounts disbuned b Lendcr undcr �his
<br /> ,�,�,r„�;.Y-.,•�� : y y paro�rs�ph 7 shull heramc additianul deM of Borrower Secured by lhis
<br /> �� : Security instrument.Unlcss&�rrower and LenJcr AFrcc�o �ither tarms of paymcnt,thc.e amounts shnll bear intcrest from the
<br /> • -'�{�-''• ,- date of disbursement at the Notc rs�tc und sh•rll bc puyublc, with interest, upun noticc from L.ender to Borrowcr reques�ing
<br />_. ' ;.:,�.�.: payment.
<br /> ''� °~'' � � S.Morl�s�ge Insuronce. If I.cixlcr rcyuircd m�mgugc insurancr u+ a canditiun uf muking the loun secur��l by thir.Serurity -
<br /> 'V�`''' t�' . Instrument, Borrower shall puy the prcmiums requir��l tn muintuin Ihe m��ngu�e inwruncc in effe�t. If, for any re�.�i�n,the -
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<br /> � ; mongage insurance cnveruge reyuireJ by Lender lup�es ur ceases to be in eff�t. B�►rr��wer .hall p•ry the premiums reyuired to
<br />�"'�"' �, •• obtnin coveraRe subuuntially eyuivalent�ci the mortgnge insuronce previ�wtily in effect, at a c��st�ubstantiully cyuivulent to the =
<br /> `=���' ,• .� �; ,• � cost to Borrower of the mimguge in.urancc previ��usly in eifcrt, fr��m an Ultcrnute mongage imurer uppro��ai hy l.ender. lf -
<br /> � substantfally equivaknt mongugc insurancc covcragr ix not avuilable.Bonnwcr tihnll pay to Lrndcr c�ch month a sum cyual to ;'
<br />``.,���;'� •• • . , onc•twelfth of the yearly murtguFc in,uranrc premium hcing paid hy&�rrowcr w hcn�hc in,urunrr roveragc I�p,��i or cea�ed to °-
<br />��'' be in effect. LenJer wi II accept, use und retuin thesc paynxnt�a+ a lo�� rescrvr in lieu i�f nwngage insuranrc. Loss re�erve t�
<br /> form 3028 9180
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