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<br /> S. Hwnd or P�opaty Iwu�aoe. Bormwer�lull Iceep �be Impruvemenu now euLtin�{or haeafter p�d on the
<br /> .� Property inrurod�in�t los�by firo. h�ds included wlthin�he term "e�ta�ded aover�e'�td�ny otlKr h�z�u�. iucludky
<br /> 800da or floodin�. far whlch l.eader roquira in�ursnoe.This inwnr�co slWl be rtWntainod in the unounu and for the perloda
<br /> ttwt Lender roquires.The inwrance cnrricr pmvidin�tho insur�ncc�lull 6e chosen by Borrower wbjxt to Le�du'�wpproval
<br /> � which aha11 not be unrcaxonebly withhetd. If 8orrower fails to rrWnWn wverage de:cribed above. l.e�der nay. at L,ender'�
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<br /> option,abtAin coveraQe to pmtxt Lender•�dghts in the Propcny in a��cordance with p�r�nph 7.
<br /> All insurance policie� wid renew�ls d�ll be aoap�ble to I.ender�rd slwll include q ws�rd mort�a�e cWise. Lender
<br /> ,��.• sfudl fwve the dght to hold the poUc�es u�d reriewals.lf Lender requiree. Bomower�ll promptly give ta Letder ell raxipls ot
<br /> paid prcmlums and rcnewd notias.In the avern of losa.Bomower�hall�iva prompt ndfa w tho inwr�nco curier and l.ader.
<br /> - ' Lot�der may nwke proof of loss if not mode promptlY by Bomawer.
<br /> "" '�.�:':....; - Unless Lender and Borroweratherwise
<br /> agroe in wri�ing. inwruwe prnceeds stu�11 be appliod w nstoruion or rcpair of the
<br /> , , � • u. Pimperty damoged, if the rcstoration or rcp�ir ls eoonomically fasibk and Lender's sxurity is not lacsenod.IP the rcstor�tion or
<br /> r : ,-:.'� 3 r�epAir is nut oconomically feasible or Lender's secudty would be lessarcd.tha insurAnce prpoeeds�hrll be ap�plied to the wtrq
<br /> �' ��'��'� secuned
<br /> �!":.',''�,,,_z.s by this Socudty Insbumpit. wh�tl�er or not then duo,wi�h any exass paid ta Borrower. If Bomower ob�nndont the
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<br /> �": ��.���. Property. or dae.c nat answer within 30 day�a notice from L.ender that thc insuwr�ce carrler Aas offe►od w adtla a cldm. U�n
<br /> `..'�G.�:��.V: Lender may rnllert �he insurana pnoceeds. [.ender may uce�he praoeeds w repair or nswro the Property or to pry su�ro
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<br />� �,' ,^�. :� .. ', .. secured by this Secudty Instnament,whether or not then due.The 30�dAy periad will begin when the not�oe is given.
<br /> �yt'.` • ` , ' Unless Lender and Borrower Wherwise agrr,e in writing� any appllcadon of p�uoeeds w principal slull not eatc�d or
<br /> ' '� `�°' p�hx ch�,ge tt►e w�wunt of�he ments. If
<br /> 1 �,�..i:::,:::,��i's;�r +� � P°S�°i��e due date of the monthly PaYments referral to in 1 and 2 or P�Y
<br /> i � � �;`;;`.,:�.;t'`��t'•!4{�;i'�ts' ' ��P�B�Ph 21 the Pmpeny is aoquirod by Lender. Borrower's dg6t w any insuranoe policles and pmoeeds ro�ulting fiom
<br /> '�:�:•�`.�;1�..� •� • damage ro the Property Prior to the uisition slwll Y �y
<br /> ecq pass to l.ender to d�e exteau of the sunia sticural 6 Ihis Sa.uri instrwaaa
<br /> �,,,�� �. su a
<br /> , rtt�:��+�"��s , immediately prior to�hc acquisition.
<br /> ' �:,.I n -,i:�?t.' . 6.Occup��y. Pnservatbn,Malatenwnce ond Protaxioa ottf�Prnpa�ty;Bonn�er's LoAa Appltcatlon;LeaceholdR.
<br /> ° Borrower slwll axupy,establish.end use the Property as Borrower'a pdncipal residence within sixty days qfler the exavt�on of
<br /> . , ,. „ this Suuriry Instrum�mt and shall oontinue to oixupy the property es Hormwer's principal nesidenoe for at least one year aRer
<br /> ' ' , the date of occupancy,unless Lender otherwise agrees in writing. which oonsent shall not be unreasoTwbly wlthheld.or unless
<br /> . � extenueting circumstances esiu which arc beyond Borrower's control. A�►mower shall not destroy, damage or imp�ir the
<br /> � ,. ,: K� Prope�ty, allow the Property ta daeriorate,or commit waste on the Propeny. Borrower shall be in default if any forfeiture
<br /> t , ,�..}��►";;;���..; acdon ar proceeding,whether civil or cr�minal.is begun that in L.ender's goad faiN:judgment could result in forfeituro af tho
<br /> `",:��'. ""'r Property or otherwise materially impair�he lien created by�his Security Inst�nt or L.ender's security interest. gorrower may
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<br /> .; `,GS'�{ •:"• cure such a default and reinstate. as provided in parag�aph 18. by causing the action or proceeding to be dismissod with a niling
<br /> . ��5,��•'•''� thet. in l.ender's gaad faith derennination. �+reeludes forfeihsn uf the Bncrower's iai:rrst ia ils��'ro�riy or aihts r�-1ai
<br /> '�"'"�'' impairment of the lien created by this Security Instrument or Lender's security interesl. Borrower ahall �Iso be in default if
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<br /> '' ''" , Barrower,dudng the loan applicatian process,gavc materially false or inaccurate infomiahon or atatcments to Lender(ar failed
<br /> {� ta p�ovide Lender with any material informalion)in canneaion with the loan cvidence� by the Note, including,but rwt limitod
<br /> to,representations conceming Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a
<br /> leasehald, eorrower shall comply with all the provisions of the lease. If Borrower acquires fee tiqe to the Property. the
<br /> � leasehold and the fee title shall nut merge unl�ss Lender agrees to the merger in writing.
<br /> �• . 7.Pr»tection ot Lender's Rlghts In the Properly.If Borrowar fails co perform the rnvenants and agreements rnntained in
<br /> �•�•� this Security Ins�rument. or there is a legal procceding that muy significuntly affect I.ender's rights in the Property(su¢h as a
<br /> .�!;' . pnx�eeding in bankruptcy,prabute,for ca�xlemnation or Porfeiture or to enforce laws or regulations), then Lender may do and
<br /> .i�. , pay for whatever is necessiury to protect the value of the Propeny and l.ender's rights in the Property. Lender's actions may �.
<br /> � � include paying any sums secured by a lien which has pnority aver this Security Instrument. appearing in court, paying �
<br /> • re�sonable attorneys'fecs and entering on the Property to make repairs.Although Lender may take action under this paragrnph
<br /> i 7.Lender does not have to do so. p
<br /> Any amounts disbu�sed by I.ender under this parugraph 7 shall t►ecome additional debt af Borrower secured by this '�
<br /> Security Instrument. Unle.rs Borcower and l.ender acree�o other tcim,oP payment. these amounts shall henr interest fro�n the
<br /> date of disbunement at the Note mte und shall t�e payable, with interest, upon notice from l.ender to Borrower requesting
<br /> ,. . payment.
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<br /> �,;,�,;.�� S.Mortp,age Insurance.If 1.endrr reyuirexi mongage insurnnce a,a condition af muking the loan secured by this Securiry ,•.,'�Y4
<br /> • .� ;f �. Instrument, Borrower shull pny the premium. required u� muiMain�he mongage insurance in effect. !f, for any reason. the ��•
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<br /> . �•• , mortgage insurance coverage requited by Lender lupses or ceusex to be in eifect, Bonower shall pay the premiums required to •"
<br /> � 7!'.�;;� •'�„ obtain coverage substantially equi��alent to the mortgage in�urance pre��iously in effea, at a cost substantinlly equivalent to�he -�'��?
<br /> ' • cost ta Borruwer of the mortgag�insuranre previ�►util�• in effect, frnm an al�emute mimgage insurer approved by Lender. IP :�.,•,u
<br /> substantially equivalem mnnguFe in�uruncc rovrr�gr i,nut uvailuhle.Barrower,h•rll pay lo Lender earh month u sum equal to � ��'
<br /> � " � � one-twelfth of Ihe yearly mortgagc insurancr premium I+cinE p�iJ hy B�,ROwrr w•hen the in,urance coveraFe lapsed or ceased lo
<br /> � be in effect. l.ender wilt acrept.use and rct•rin the+e payment�•r� a lo.� re.crve in licu of monFage insuranoe. Loss reserve •
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<br /> � Fam 3028 9lYO
<br /> � . " Pwpe J o�8
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