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<br /> S. Na�u+d or lropwty Iwranoe. Borrowa �II keep tbe improvana�b now ns n� or 6a�aMn amcvd on the
<br /> ---- _-- -- Pm}�erty fnwrod igaiu�t laa by fire.hwrds in4lWded wlthin the tam "exuended cuver�'and my aber t�rarcl�. fucJudlns
<br /> tlaodi or floodln�.for which l.ender roquira►lruur�tce.Thf�inwnu►ce ahall be m�intalned in thc attxwnt��nd tor the parloda
<br /> th�t [.cnder requira. The inwriu�ce c�rtie�provldinQ tho inwr+u�ce shrll be cha�en by Barrower wbject to Lender's approv�l
<br /> which�IWI not be unreawn�bly withheld. If 8arnower f�il�to mainuin covenQe de�c�ibed�bove. Lende�tnRy� �t l.awier'e
<br /> option,abtain cc�ven�e to protax Lendcr's ri�hu in the Pr+oneny in perurdar�x with pRrq{nph 7.
<br /> All inwanco policicc ud oenewali �11 be aa.�ept�ble to Lender u�d�ll includa R�rd murt��e cirwe. l�erider
<br /> ahall Iwve th�ri�ht tn hold the policia ud rcaewal�,lf 4nder requircx.8orrower�II promp�ly yive w I.e�der�ll raoelpu of
<br /> --� - _- - prW prcmium�and r+enewd notka.In the event at'low,Horrnwer�twll�ive prompt nutluo w the inrurwx uurier�uwl La�Jor.
<br /> t.ender iruy mrko proaf af lose if nat m�dc promptly by 8arrower.
<br /> Unlas Leoder and Bormwer ahenvi�e aj{ra in writin�,inwrMnco prooeedr�ii+1� bo�pp�iod to restonulon or repair of the
<br /> Propeny danui�al,if the re:toruion or rcpair ir ecawmicaliy fea�ibio md Leoder'r aecudty i�not k�sened.If th¢ratoration or
<br /> repair is not xanomicaily fwsibic or irender's cxu�ity would bc les�enod.the Insurancc preceadc�1w11 bc appliod to the�
<br /> �ecurod by this Saurity Inst�ument, whctlier or nat then duc. wlth any exccss paid to Borrowcr. If Borrower abnndon� tlw
<br /> Property.or does not uiswer within 30 day�a notia from Lendcr thAt thc incurancx cartier tws offeml to xtde�c{�im. then
<br /> Lender may collect the insu�noe procoods. L.encier may use the procoeds to rcpair or restoc+e the Propetty or to p�y cums
<br /> secured by this Sur�riry Instrument,whether or not then duc.Thc 30-day pefiad will begin when�hc rwtice ii givcn.
<br /> Unless L.ec�der and Borrower otherwise nQrec in writing. any applicatiun of procood�to principal chall not extend or
<br /> � � postpone the due datc of the monthly paymcnts rcfemod to in paragr�phs 1 and 2 or ciwnge the unount of the payments. If
<br /> undcr paragraph 21 the Property is acquirod by Lende�,Aorrower's dght to any insurance policjcs azd prooeeds resulting from
<br /> ! dan�age to the Property prior ta the acquirition shalt pass to Lender to the extent of tha wms securcd by this Security Inun►ment
<br /> - � immediately prior to the Acquisidon.
<br />- I 6.Oocup�ncy,Pre�ervatbn,l�Wntenance w�d Protectbn of the Property;Borrower'�Lopn Applkation;I.eASe6olds.
<br /> Borrower shal(occupy,establish,and use the Property as Barrawer's principal rcsidence within sixty days after the execut�on of
<br />' !; this Secur�ty Insuument and shall continue to accupy the Property as Borrower's principal recidence for at least one yeu after
<br /> the date of occupancy,unless Lender otherwise agras in writing, which constnt shall not be unrcasorwbly withheld,or unless
<br />_ extenuating circumctances exist which are beyond Burrower's rnntrol. 13orrower shall not destroy, damage or impair the
<br /> Property, allow the Property to deter�orate, or commit wasta on the Property. Bonower shall be in default if any forfeitt�re
<br /> action or proceeding.whether civil or criminal,is begun that in Lender's good faith judgment could result in forfeiture of the
<br /> _ _ _ Property or othenvise materially impair the lien created by this Secur�ry Instrument or L.ender's r�ecurity intercst.Borrower may
<br /> -� eure cueh a default and reinstate,as provided in paragcaph 18,by causing the aetion or proccxding to be dismissod wlth a ruling
<br /> - that. in Lender's goad-faith determination, pn�cludes farfeiture of the Bvrrowcr's interest in the Properry or other material
<br /> ` impaimunt of the licn created by diis 5ecurity Instrument or Lender's securlry intcrest. Borrower shall also be in default if
<br /> � ' w Borrower.during the loan application process.gave materially fulse or inaccurate information nr statements ro Lender(or fr►iletl
<br /> �` ' to provide Lender with any material informatian)in connection wtth the loan evidenced by the Note. including,but not limited
<br /> �f'� to,representetions concerning Borrower's occupancy of the Property as a pdncipal residence.If this Security Instrument ic on a
<br /> y� _ ,ti lcasehold. Borrower shall comply wtth all the provisions of thc lea.ge. If Borrower acquires fee title to the Praperty. the
<br /> ,•, r�,, leasehold and the fee titic shall not merge unless L.e��der agrecs to the merger in writins.
<br />- ' l+;"� 7.Pratection of I,ender's Rights ttt the Property.(f&�rruwer fails to perform the covenants and agrecments contained in
<br /> this Seeurity lnsttument, or there is a legal proceeding thut may significantly affect l.ender's rights in the Property(such as a
<br />' •_�- — _— praceedins in bankruptcy,probate, for condemnation or forfeiture or t��enforce laws or regulations),then Lender may do and
<br />- pay for whatever is ncxessary to protect the valuc of the Praperty and Lender's rights in the Property. Lender's actions may
<br /> �` �-��`'`` include paying any sums secured by a lien Nhich has prioriry over this Security Instrument, appcaring in murt, paying
<br /> ',-," " �'�' � reasonable attorne s' fces and enterin on the Pro rt to make re airs. Althou h Lender ma take action under this ra h
<br /> ' zct±:,�z:•;�..,.. . Y B Pe Y P 8 Y p�B P
<br /> ••;;�;r�:j•.-•=•. � 7,L.cndcr docs not have to do so.
<br /> �`�+ ��� •�-' Any amounts dishursed hy I.encler under this paragraph 7 shall hecome additionnl debt of Borrower secured by this
<br /> - �iev� o.cr...vi.�c:
<br /> �=:"L" _`�- Security Instrument. Unless Borrower and Lender agrec to other terms of payment, these amounts shall bear interest from the
<br /> j'r; r. • _
<br /> -�'��,'+?_r��.'.':"-�: ` date of disbursement at the Nore rate und shall be payable, with intemst, upun notice from I.ender to Borrower requesting -
<br /> ��_.,' : ::�� payment.
<br /> ���•t��_•�"�., 8.MortgAge Insurance. If Lender reyuired mongage inwnmce as a conditi��n of making the toan secured by this Securiry
<br /> '� yt: Instrument, Borrower shalt pay the premiums require.d to maintain the mongage insurancc in effect. If, for any reason, the
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<br />, _ ',;+�,`�r mortgage insuratue covcrage required by I.cnder lap.se.or ceasex to be in cffect. Borrowcr shaQ pay the premiums requirod to '
<br /> ��„��,�,R,;,:,. obU�in coverage substantially equivulcnt to the mortguge insuc►nre pre��iausly in effect,•rt a cost substantially equivalent to the _
<br />-_! �.�:+��...;: cost to Borrower of the mortgage insurunce previou�ly in effect, frc�m an ahernate mortgage insurer approved by i.ender. If _
<br /> �� �� substantially equivalent mortgage insursnce awera�e is nc�t availuble,Bormwrr shall pay to LenJer each month a sum cqual to -
<br /> .; '>�.:.•.
<br /> '• '�• �'-� ls;;;yt,;� one-twelfth of the yearly mortgage insurance premium being paiJ by &ircower when the incurance coveragc lapsed or ceased to _
<br /> _` ?���� _: be in effect.I.ender will accept.use and retain these payment�as a loss reserve in tieu of mnrtbuge insuronce. Loss reserve
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<br /> l r �+�,�1`=�� Form 3028 9190
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