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<br /> S. Harard or P�nperty lawt'�Ke. Iiormwor �?ull keep the in�pva�q�.Aow ealstln� or ha�Ra�on�he
<br /> Property inwrcd n�afnst loas by flro.haz�cdt ir�cludod wlthin Ihe lonm "e:te�pove�e" and any allKr bwnda. incJudir�
<br /> tloods or Aadin�. for which I.ender roquiros insurw�cc.Thia insurnava at�l1 be nq►,cpG�ined ia the art�ou�w snd for the periods
<br /> thu I.cnder requirc,�.The insurance c�rler pruviding the lnaurwtice�hs11 be cbosea,by Bc�rrower wbjoct to l.cMer's apptoval
<br /> which �twll not be unreasonably withheld. If Banawer fafla to m�int�in coverqge de.scdbed �bove. Lender may. at i.ender's
<br /> option,obtAin ooverago to protect L,erder•t rights in the Prapeny in accond�witl�par�8raph 7.
<br /> ., All insurance pollcies and renewals�twll 6��oceptable ta L.en�kr and RIw11�inrlude a ctanda�d mortgaQe cliwse. Lender
<br /> � shall hava the�ight to hold the polkles ond renewala,If Lender roquires.Borraw�r�11 pramptly give w I.encler all rooeipu of
<br /> �= psuJ pnmiums and renewal nwices. In the event af losR.Bomuwer dmU�Ive Pmmpt r�qticis w tho inwrAnoe carrler and i.ender.
<br /> Len�ler may mako proof of loss if n4t made pmroptly by Borrowar.
<br /> Unioss Lender and Borrower otherwise agroe in wrlting.lnsurance prc�eeds shall be appl�ed to rostorat�on or repair of the
<br /> y��� Property damaged,if the rcstoradon or t+epair is ornnomically fauible and Lender's socudty Is�wt lessened.If the re�toraNan ar
<br /> .. ''�;�:;�y;�;=;.�r.,, repair ia not 000nomicaUy feaei6le or Lender's secu�ity would be lessened.the in4urance prciceads,�I�all be appliod to tho sums
<br /> ' �i�,,�j;:�. ,a.;�-, secured by this Security Instrument. whaher or not then due, with any excess patd to Bamc�wer. Ii Borrower abandong the
<br /> ��q�,�•.,:�•�,... 1'roperty,or daes nat enswer within 30 daya a notic�e from I.ender U�t the insurnncc canier Iwn�ofkrod to settic a clalm,ehen
<br /> :.;,,:_. :...:; I.eada�may eollect the insuroncc pnxceds. L,ender may use tht proceeds ta r�p�ir or rostarp!he Property or to pay sum�
<br /> • .v':_T!�.�; secured by this Security I�trument,whether or not then due.The 30�day pedud will begin wi�4n the notiae is glven.
<br /> �r� .,`a."��"'"..� Unless Lender and Borrower otherwlse a nae in writin . an p p �
<br /> '.,. :::N:�;',':�...::a _ 8 8 Y ePPlication oP rcx,�d��ta rinci I sha11 not extend or
<br /> • . �.... pastpane the due date of the monthlY paYments refen+ed to in
<br /> paragraphs 1 and 2 or cGuage the.amount of the paymenta. If
<br /> •�.�.w>�� - ••�, under p�ra8raph 2i the Propeny is acquired by L.cnder. Harrawer's right to any insurance policies and proceeds rcsulting from
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<br />� _ ��,,: .::. :' . damege to the Prope�ty Pdor to the�cquisi�ion shall pass to I,ender to tho extont of ihe sums�ocut+ed by this Secudty Instcument
<br /> f• ' �. ;• � . 1mmadiotcly prior to the acquisition.
<br /> �' ,',:`�,:..� 6. OocuPancy, Praservatlon,MsdatenAnce aud Protectioa of tde!'ropertY;Aorrower's l.oan Applict�tion=i.easehold�.
<br /> � , : Borrower shell occupy,establish.and use the Praperty as HoROwer's principat residence within sixty days atitter the execution of
<br /> • • thls Secu�ity Instrument and shall continue to occupy the Praperty as Borrower s princip�l rasidence for at loast one year after
<br /> . the date of accupancy,un�ess Lender othernise agrees in writing, which consent siqll not be untoasonably witbheld�or uNesa
<br /> . • ° " extenua�ing circumstances exist which are beyond Borrower's contml, 8ormwer shall not dactmy, demage or lmpair Ihe
<br /> - � :' :� Propeny, allow the Pmpony to deteriorate, or commit wnste on the Praperty. Borrowcr shapiba in default if any forfeiture
<br /> s ;,;��, .�:.. action or procceding.whather civil or criminal, is begun that in I..ender's good failh judgment�oaebsi rcsull in forfelturc af ihe
<br /> :���'•'�' Proporty or ahenuise materielly impair the licn cre,�ted by this Secudty Instn�ment or Ler�der's security intcrest. Borrowcr may
<br /> . •�-''��'��'.�'". cure such a default and reinstate, uc ravided in
<br /> p paragraph 18, by csiusing the action or proceed�qg to be dismissed whh a rWing
<br /> _ �'''`� ' thot, in I.endar's good faith determirv�tion, precludes forfeiturc of the Borrowcr's interent in dx� pmperty ot ntlut ntatttle!
<br /> � , imparcmont of the lien creuted by Ihis Securlty Instniment or ixnder's security interest. Borrower shall also be in default if
<br /> �:� t" Barrower,during the loan�pplication process,gave matedelly false or inaccurat�infornnatian4r statements to l.ender(or feiled
<br /> . � i'c,i,' `' ta ptovide L.ender with any mnteriul informatian) in rnnnection with Ihe loan evidenced by tiie Note.includiag,but not limited
<br /> � '�_�;' ' to, representations concerning Borrower's c►ccupancy of the Property as a prinripal r�esidence.If th;s Seeurity Instrument is on a
<br /> ; '�''':••. : leasehold, Borrawer shall comply with all the provisions of the leuse. If Borrower acqrtftag fee title to the Propeny, Uro
<br /> t' , : , leaschald and tho fee titic shall not me�gc unlesr I,endcr ogrees io the merger in writing.
<br /> F,, . 7. Protection of Lender's Rights in the Property.lf&�rmwer fails to perform the rnvenarw and agreemenia conWinod in
<br /> • . thi�Security Instrument, or therc is u legul pmcceding that may significnntly affe+ct I.tnder's rightg in the Prapeny (such as a
<br /> •�'�� � proceeding in bankruptcy,probate.fi�r condemnation or farfeiture or to enforce Inws or raguluions), then l.ender mey do and
<br /> ; ' • pay for whutever is neceswry to protctit the vuluc i►f the Pmperty omi L.ender's riglxs in tht Pmperty. Lender's actions rtwy
<br /> ��, ; , �. "�� ; includc paying uny sums Secured by a licn whirh hay priori�y� cn�er this Securiq� Inatrumtnt, appear�ng in court. paying
<br /> - • reusonubla�ttorneys' fees and entering on tlx�Pmpcny t�►make repaire. Although l..end�e may talce action u�r this pare�raph
<br /> +•� , 7, I.ender doex nrn hUVC to da u►.
<br /> • Any umounts disburaed hy l.crxler undcr this parugrAph 7 ,hall Hecom�: add�liorwl debt of Borrower secured by this
<br /> . Security Instrument. Unles� Bnrrowrr nnd I enJer ogrcc to otncr tcrms<if pa�•ment,ihesc umounts ahall bear interest from the
<br /> , date of disbursement ul thc Nc��e rute unJ shall t� payuble, wi�h int¢res�, upun•nc�ticc from Lender to Borrower requesting
<br /> � payment.
<br /> 8. llfortgaQe In�urance.If LenJ�r rcyuir�d mnngage imuruncc as a rundiei�n<�f m•rking the luan s�•cured by this Securiry
<br /> Instrumen�. &�rrower xhull pny thc prcmiunn reyuinxl ta muintain�he nxmRage irnurance in effcct. If, for any reason, the
<br /> '. ' mongu�ee in�urance coveruge rcyuired by l.enJcr Inpses i�r rcu,e.r�e.Ik in effer:t, H�rn�wer�hall pay the premiums required ro
<br /> ubtoin�overuge substantially cyui�•ulent lo Ihc mungagc insurun�c pre�•i��ualy in c!'fccl. a�u co�t substantially equivalent tu the
<br /> ' • � ' � mst to &►rniwer uf thc mangu�tc intiurancc prc�•iau.l�� in et'f���, 1'rum an vlt�>rnatc nK�ng•rge insumr approved by Lender. If
<br /> substuntiully cyuivulent mun�•rge insurunrc ruacrag�i�n��t a�ailabl�,&,rr��w.�r shall pay�o I.cnder each month a sum equal to ' ��
<br /> one-Iwelllh��f the ycurl� mc►riga�sc inwranrr prrmium hei�g paiJ h� Bnrniwrr H•hen ihr in.urun�e r�weruge laps�,�d��r reati�d to
<br /> � � ,� be in effiKt. l.ender will:�crept.u�c unJ rrtuin thctic}uyment+a� a I�wr� rrtirn�r in lieu of rm�rtgage insurancti:. l,o�s re�erve
<br /> ' Form 3028 8l90 � „.
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