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<br /> '. Hrt�nl or Propaty lmwranuo. Bora+nwor �tull kap the improvanetui now exlttla� or i�eteaitar eroctad on �ho
<br /> Proparty i�tred�i�ut!as by tlro. hv�ndi includod within�he tam"extetided covcnQe"�od�ny otl�er hawds� includin�
<br /> flooda or f)qodi�.for which Lende�'roquirca Inwrw►ce.This in�sunu�co shall be ma�maincd in the unoun�and for the perlodi
<br /> dut I.ender roquires.The in�suurance catrfer proviAing the insur�nce st�ll be chosen by Bornawer auhject ta l.ender'e approv�tl
<br /> which�hall not be unrea�or�bly withheld. if Bomnwer fiil� to m�intain coverage described 46ova, t.aider m�y. �t[�endar��
<br /> option,ot►tqin cowerage to protect l,er�der's rights in the Prapecty in accordance with puagraph 7.
<br /> Al�i insuro�e policies ond r�enewnls shall be oocepUble ta l.ender�nd�hall include a standsrd mortgaQe clwbe. [.er�der
<br /> sholl have the ri�ht to hald tt�e policies ard renewals.If Lerder roquires,HoROwcr sFwll promptly give to Lender a!I roce:pts of
<br /> peid pramiuma arM renewal notioes.In the event of loc�.BoKawer�hail�ive pmmpt notia to the insurarica carcier and La►der.
<br /> i,cnder may�muke pronf of loss if�t made prompUy by 8orrower,
<br /> Unl�sa LKmder and Bormwer otG�rwir.e ugra in wrlting. in�utana prc�coods s6a11 be applied ta mstoratian or repair of the
<br /> Propesrty d�nagad,if Iha reatoration ar reps►ir is economically feasible smd l.ender's security is not lessenod. If the rostoration or
<br /> n�pnir is rtot econamleuliy feasible or I.ender's securiry would be I�vsened.the insurance praceeds shall be applied to the�ums
<br /> serurod by tA3g &xw�kty Inxtrument. whether or not �hen due, wilh any exasa paid to Bocrower. ff Bornowcr abanda� tht
<br /> '� Propetty,cx does otie ar�awer withM 30 days a notice Prom l.cnder tha�the insurance carrier hav offered to settle a claim,then
<br /> .`�r:,f L,ender may cdCect the iasurance procecds. Lender may use �he proceeds ta repair or resrore the Property ar to pay sums
<br /> r secnred b�y this Seatcity In9tnunent,whether ar not then due.The 30-day perlod will begin when the notia is given.
<br /> Untesa Iaruder�nd 8orrawer otherwise agree in writing, any application of pmveeds to prfncipal shall not exterd or
<br /> ; ��` postpone the dua da4e of the monthly payments rcforr�d ta in pa�agraphs 1 and 2 ar rhange the amount of the payments. If
<br /> ����' under perag�ph 2! tht Pre�perry is acquired by Lender. Bartc�wer's right to any insurance policles and ptaca�ds msulting from
<br /> ' �,���� � � �" •„ domuge to the Praperiy prlor to the acquisition shall pa�.4 to Lender to tho exlent of the suma sacured by thie Secu�ily invtrurnent
<br /> F�;��� ..�'•``,; . imniedintely prior tv the acquisltion.
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<br /> :. , . ,::;• . r�� ; puncy,PreQervqtion,Maintetwnce and Proteclion ot the Pro ' pplketloa;i.ease6Wdv.
<br /> . ,�,:;,;���.. 6.Occu perty;Ho�rower s l.oan A
<br /> • �,��•�� „,- , Burrower shnll occupy,ea�tabtish,and use the Property as Borrawer's principal residence within sizty days after the execution of
<br /> ' � .,'.'''�N'"'�:���r-�t*r� thie Securiry Inatrumcnt ancl ahall coneinue to accupy the Praperty as Borrower's principal residence for at least one ycar after
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<br /> the dute of occupancy, unless I..ender cxAerwise agrees in wdting.which con.sent shall not be unre�sonably wlthheld,or untess
<br /> � - „;,_:..�,,.,;,��„ extenuntirtg circumstances exi�t whirh are beyond Borrower's control. Barrawer shall not destroy. darnags or impalr the
<br /> � ��`� ;: "''� ';" Property, allow the Praperty to deteriotate, or commit waste on �he Prapeny. Borcower shull be in default if uny fotFeiture
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<br /> '��" ' , ::" action or proceeding,wh�th�r civil or cr�minol, is begun that in Lender's�oad fuith judgment could result in farfeiture of the
<br /> . ' � ' ". Property or otherwise mnutrl�l[y lmp�ir 1he lien creatad by this Securiry Instrument or Lender's sacurity interest.Borrower may
<br /> f~� ' '��� �"�"• cure such a dNfault and reicwwta.ac provided in paragraph IS. by ceusing the action or praceeding to be dismissed with a ruling
<br /> �S• ..:y{�.�r.•.-'�-••�,-.;;,�''y
<br /> �� °� •r� thnr, in I.enA�r'a v�xd fairh detcrmirw!ion. Qrecludes farfeiwre of the Borrower's intercst in the Property or other m�terid
<br /> i'•�'��~V ��'".� `,�'�� `�� impuirnuent ai the lien created t�y thrs Securlry lastrument or Lei�der's security interest. Borcower shall also be in def�ult if
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<br /> � • • Burrower. during 1he Ic�ut application pracess,gave materiglly false or inaccurate information or uatements tA L.ender(or f�iled
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<br /> �.;, to provide Lendzt w�t��xny muterial information)in connection wi�h the loan evidenced by the Nnte,includiog,but not limited
<br /> �;;`� to,representation�concrrning Borrower's<xcupuncy of the Property a,u principal residence.lf this Secu�ity lns�n�meot is on a
<br /> ' Icusehold, &Krower shnll comply with ull the provisions ot'the lease. If&►rrower ncquire.4 fee title to the Property, the
<br /> r'' laaaehold and the fee tide shall not mcrgc unlc�ss Lendc�agrecs to the merger in writing.
<br /> . 7.Protectlon oE 1.endQr's Rights in Ihe Property. If eormwer fails to perform the covenants und agreements contai�ed ln •��?
<br /> �' ,. `"' this Securit Instrument. or thare is u le al rnceedin that ma tii nificantl affect L.ender's ri hts in the Pro n (such us n
<br /> .F . y R p P Y • R Y 8 Pe Y
<br /> • . , ..:�,,. :. proceeding in bankruptcy,probula, fur cnndemnution or forfei�ure ar to enfi�rcc luwx iir regulations),then Lender muy da and
<br /> �. � , pay for whulever is neces,ary to protuct the vulue of lhe Property•rnJ LenJer'y rights in the Propehy. Lender's uctions muy
<br /> ' �'' ` ' insluda p�uyin¢ any sums xcurc�l by u lien which has prkxiry over diiti S��uri�y Instrument. appearing in court, paying
<br /> _ . _���---=�'�-i1 reux�nabl�s arcornc�•s'fees and entcring on the Prnpeny t�i make repairti.AltMwgh Lrndcr muy toke action under Ihis puragraph
<br /> �� , , . 7.l,endc��ldc:s nc�t havc t��J�so. �-
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<br /> '�� i � Any vmaunte dual:ur�ed by Ixndcr unJc� �hi� pu�uuraph 7 �hall t►crnmc aJJiti��nal deM of Bormwcr sccured by this
<br /> ''°" - - Securlry Instrumant. Unl�ss Borrower mtJ I.enJrr agrec to uthcr tcnn.ol'p•r}mcnt, the.rc amount. ,h•rll beu�interest fmm thc
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<br /> ' dula of cl�yburgemont ut the Note rate and tiI1�II I1C �f:l�'iIIfIC, with intem+t, up�►n ixHicc fn�m l.encler m Bc�nower reyuesting
<br /> ,. � puyment. .
<br /> �;= ���� 8.Maetguge ldxurartce.It�l.cndcr rcyuir�J mnrtgugc imur�nrc ati a rondition ul'making�hc luan sccured by this Serurity �'
<br /> Y ��' � InH�rument, &frrawt�r.hull puy Ihe premiunt� reyuireJ tu muinwin the m�mFage in.uruncr in c�ffc�t. If', t<x uny rea,un, the '��
<br /> r,,« , .1J�.`�4 murt�uge inr�umnce roveragr rcquin:d by LcnJer lupsc,or rcu.cti 1u hc in rflcrt. Borruwer .hall p�y thc prcmium� rcyuim+i to ..,.,
<br /> •s'`�s�� ' " ��'•,`�� • nbtaimcavurr�c subntantially eyuival�nt to the mortguEr in.urunre prev'xro.rly in�tT��t,u�u r��.t+uhtiluntially ryuivul¢nt ta thc •
<br /> s�:; �'`��`• , ' ciist tn &�rruwcr af th� mnrtFagc insur•rnrc previou.rly in cflcc�, from�n ahcrna�c munE�g� in:.urcr upprovcci hy l.endcr. If ,
<br /> ��,?° . ��,... xubstuntiidty cyuivalent monF•rge inwrunrc ruv�ru�c i. nrn availahlc. &�rr����cr.hall puy�o LenJcr cach m�►n�h •r,um equul to
<br /> "' ".'= �� � . one-twelfth of Ihe yrarly monEage imuruncc prrmium hcing pa'x1 hy &,rrourr whrn Ihr in.urance cavcrage lap.r�tl or ceused tu
<br /> �4 '���� � ,,. ; be in eff�et. ixnder will arcrpt. u.r anJ relain Ihc+c puynknl.u+ u k�ti� rr,rn•c in lieu ul' nnirtguge insuruncr. L�n� reserve i
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<br /> •;�t� ;�_ •• Fam 3018 9190
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