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<br /> S. flar�rd or P►+opNty lwirmoe. Bbrnower�II keeQ the improvem�enu now eaiuinQ or hrre�lter et�ected op tbe
<br /> Pcoperty insurod�drut loss by firo. hwr+d�included within the tum 'extadod oovera�e"�nd iny otl�er haraedt, lncludln,�
<br /> floodi or floodln�. for which L.ender require4 i�uurwxe.1'his inwr�nx ihall be maintalned in tha anwunts�nd Yor the pet�lods �
<br /> tlut Lender r�equitra. The insuruxx carrfer providin�the insurrnce alwll be cho�en by Borrower cubjoct to Lender's appro�al
<br /> which stull not be unr�orwbly withheld. If Borrower fails to mdntxin caver�e descdbed above. l�ender m�y. u Lender'�
<br /> ohtion.obtain coverage to protect I.ender'r dghts in the Pmpeny in Accordarice wlth pwragrnph 7.
<br /> All fnsunuKY policies�nd nnewals sh�ll be�cccptable to Lender ud thAll include a�tand�M mortaRgc cl�we. Lender
<br /> _ .��.,_„_���_..� chall have the rlght to hald the policies and renew�is.If L.ender roquircs.Borrower chall promptly give to I.ender all rxeipt�of
<br /> paid premiums xnd ronewa!ooiicec.In the even[of loss,Borrowor�hall�ive pmmpt notia W the insuronoe c�rrler�nd I.dtckr.
<br /> - Lender nwy rnake proof of loss if not made prompdy by Borrower.
<br /> Unleas Lender and Borrower aherwise agra in wdting, Insurance proceeds ahall be sppUod to testoration or npair of the
<br /> - Propetty d�n�ged,if the rcstoration or repair is economically fwsible wKi Lender's socu�iry is not iessenal.If the restoration or
<br /> -, repair is not ceonomically fcasible or Lender's socuriry would be lesscncd,the insurance proceeds shall be nppliod to the sums
<br /> :, � securod by this Secudty Instrumcnt, whcther or not then due, wlth any excess paid to Borrower. If Borrower Abandons the
<br /> Propecty,or docs not answer within 30 days a notloe from Lender that the insurance carrier hes offered to setde s�claiim,thea
<br /> r;,_��, Lender may collat the insurance pracceds, l.ender may use the praceeds ta repair ar restore the Prope�ty or to pay sums
<br /> secured by this Security Instrument,whether ar not then due.The 30-duy period wlll begin when the natice is given.
<br />_ i"��— Unless Lender and Borcower otherwisc agree in wrlting, any application of pracecds to principal shall not extcnd or
<br /> --- -- •-;-y;f:� postpone the due date of thn iuuutidy payments rcferr�xi to in paragrnphs 1 and 2 or change tho amount af the paymenu. Tf -
<br /> •��-�:::� under pxragraph 21 the Proper�y is acqutred by Lender.Horrawer's right ta any insurance palicies and p�ds resulting from
<br /> - ��''� damage to the Propecty prlar to the acquisition shall pass to Lender to the sxtent af the aunu secara!6y this 5ecurity Iastrumeltt
<br /> immediately prior to the acquisition.
<br /> �," 6. OocupAacy,Preservatiou,Maintenance s►nd Protection ot the Property;Borrower's Loan Applicatlon;I.easehold�.
<br /> �"''.���'' Borrawer ahall occupy,establi�h,and use the Property as Borrower's principal residence within sixty days afier the execution of
<br /> �+�� this Security Instrument and shall rnntinue to occupy the Property as Borrower's principal residence for at least one year after
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<br /> the date of occupancy, unless L.ender otherwise agrees in writing, which consent shaq not be unreasonably witt�held,or unless
<br /> - e extenuating circumstanas cxist which are beyond Borrower's control. Borrower shall not destroy, damage or impair the
<br /> �` Propecty,allow the Property to deteriorate. or wmmit waste on the Property. Borrower shall be in default if any farfeitare
<br /> action or proceeding,whether rivil or criminal. is begun thut in L.ender's good faith judgment could result in forfeiturs of the
<br /> �., I Property or otherwise materlally impair the Ilen creatod by this Security Instrument or Lende�'s security interest.Borrower may
<br /> . � � cure such a default and reinstato,as provided in paragraph 18, by causing the action or praeeding to be dismissed with a ruling
<br />.��.� ___, ! that, in Lender'� g�xxl.fnith determinati�n, prc�cludex fi►ry'P;tu►e�f the AoR�wer'c intrr�t in th!' P�[)?!ty o! ot!!!!!!lHttile!
<br /> ,;����"��''�,��-"`'''''"�` , impaimnent of thc lien crcated by this Securiry Instrument or Ixnder's r,ecurlty interest. Borrower shall also bc in def�ult if
<br /> 1 �"� Borrower,during the laan application process,gave materially false or inaccurate informz[ion or statements to L.ender(or failed
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<br /> f;��w�t��yr� i to provide Lender with uny matorial information)in connection with the loan evidenced by the Note. including, but not limited
<br /> , :;y r- ,-„ to, representations conceming Borrower's occupancy of the Pr��erty as a principal residence. If this Socurity Instntment ts on a
<br /> "" ��f wy � . � lensehold, Borrawer ehall camply with aU the provision+ of the lease. If Borcower ucquires fee title to the PropeRy, the
<br /> • �a.�,• ' ' ' � twsehold and the fee titic shull nat mcrge unles�Lender agrecs to the merger in writing.
<br /> � �• •ti'- ' 7. Protection of I.ender's Ri�hta in the Property.If Borrawer fuils to perf'orm the covenants und agrecments contained in
<br /> ' ; this Security Instniment,or the�re is u ►eg�t proceeding that may significundy uffect Lender'.r•rishts in the Property (such us a
<br /> �,,;k�;;,� ;,,;,,;,;w,; ', proceeding in bankruptcy, pmbute, for conilemnntion or forfeiture or to enforee laws or regulationc), then I.encier may du and
<br /> � '': �"• pay for whatever is necessary td protect the vatue of the Property und Lerxier's rights in the Pruperty. L.ender's actions may
<br /> .i. >i��:;����_ � • i include puying any sums xxumd by a lien which hus priority over this Sec:urity Instrument, appearing in court, payjng
<br /> rra.�onable attorneys'fees and entering on the Praperty to make repairs. Although Lender muy take action undcr this paragraph
<br />,���• ' - � 9,Lender does not have to do�:c�.
<br /> ' '" '' � �" �_:'-�;'•'' ' � Any amounts disbursed by [.ender undcr this paragraph 7 shail bcmme additional debt of Borcower securcd by this
<br />_.;• • ','��Y�j:!'`-"� I Security Instrument. Unless&�rrower and L.ender•rgrec to othcr tcrms of paymcnt, theK amounts shall bear interest from the
<br /> � date of disbursement at thQ Note rate and shall be payabir, with interest, upon notice from Lender to Borrower requesting
<br /> ��'.�,�;�:;:: ; payment.
<br />` � ."� �. :�v.`'� � i 8. Mort�e Insurance. If I.ender required mortgagc insurAnre as u condition of making the loun secureci by this Securiry
<br /> ___ �- plie�y �� Inst�ument, BoROwcr shull puy the premiums rcquired to maintain the mortgage insurance in ctfect. If. for any reason, the
<br /> ` '�t . moctgage insurance covera�e required by I.cnder lapses��r��ea�es to t�e in cffect, &�nuwcr�hall pay the premiums rcquired to
<br /> ��� ;r obtain coverage substantiully equivalent to the mortguge insurance previously in ef'fect, at a cost substantially eyuivalent to the
<br /> �"`� 'y''" � coxt to Borrowcr nf the mon a e in�urancc r�vinusl m effect, from un ultematc m��n�a c insurer u rnvai b Lender. if
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<br /> �,.:;s�:`:+�lf�• substantiafly equivalent mortgu�e insurancc covcrage is not availablc,&�rrower�hall pay to l.cnder cach month a sum equal to
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<br /> � , � one-twe�fth of the yeurly mortg:�ge imurunce premium beinF paid by&►rrower when the inwrancc coverage IapseJ or ceused to
<br /> "��������' '•���:: be in effect. Lender witl accept. use and ntuin thexe payments us a lo�s reserve in licu af mortgage insurance. Loss reserve
<br /> _� �• I .�:'' �'�'.i' Form 3028 8/80
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