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<br /> S. �rd or Propaty In�unnce. Borrower�ha11 kee:p the improvemer►t� row�ex�itid� or�en��� on the
<br /> Property iruurcd s►��in�t las�by flro, hazanda includod wlthin the term "extcndod coverage" wnd Any otlkr hw�rda� including
<br /> fluods or Eloadin�.for which Lendu raquirca incurAnce.This insurance ab�ll be maintAined in�he ur�ountc uid for tho peelad�
<br /> tfiat l.eoder requines. The inaura�tce carticr providinQ tho inaurance st�all be chosen by Bormwer eubJect to L.ender'�Wppmvwl
<br /> which �iwll not be unreasonably withheld. If Borrower fafls to mafntain coverag4 described abovo. l.ender may, ut Lender'�
<br /> opion,ob[ain covera�e to pratxt Lender'r rights in tho Property in accardance wlth para�raph?.
<br /> All insurance policiat atd renewals stwil be acceptoble to l.ender arKl shall include A atandard moR�++Qe douse. l.ender
<br /> � - '---- ehell i�wve tha right to hold the policiea end renew�ls.If I.cnder rcyufres,Earrowcr shull promptly Qive to L,endcr all melpta of
<br /> paid premivau and reaewel notices.ln the event of losa.Horrower�Iwll�iva prompt notice to Uie in�urW�oo urrkr�nd Le�wler.
<br /> L�ender may make proaf af loss if not made promptly by Borrower.
<br /> `- _ Unlass l.endar and Horrower olhenvlse agree in writing, insurance pmceeds shell be appliod ta ra�toriuion or repair oP 1ho
<br /> Propetty damaged,if the rcstorAtion or repair is eoonomically feasible and Lender's socurity is not lessened.Jf thc rcstotation or
<br /> ° nepair la not economically feasible or Lender's security wauld ba lessened,the insurance procoeda shall bC applied to tho�umr
<br /> °�--�-°--°----=��-, secured by this Secu�ity Inetrument, whether or not then due, with any excess paid to Borrower. If Borrower ebandotu�the
<br /> Propetty,or does not anewer within 30 dAya a notice from l.ender tha►the insutana carrier hns offerod to cettle A cl�im.then
<br /> I.ender may collect the insurance procads. L.ender may usc the prc�ceeds to repalr o�rcstoro the PropcRy or w pay rums
<br /> ravr�ed by this Secur�/y Instmment.whether or not then due.The 90-day pedod will begin when the notice is given.
<br /> Unless L.ender and Borrower otMerwise egree In wdtln�, any appllcation of proccods to principal thall nat extend or
<br /> � postpone tbc due dste of thc monthly paymcnts rofetr+ed to in paragrapha 1 and 2 or clw�gc the wnount oP tho paymcnto. If
<br /> under puagraph 21 the Property is acquired by Lender. Barruwer's right to any insurnnce policies and praceods rcsuitio�fram
<br /> -, t; damage to the Property prior to the acquisition shell pass to L.ender to tha exteat of the suma savrod by thir Seru�ity inai�ument
<br />";. ��' ( immediokly pdor to the acquisition.
<br /> —:,�� � 6.Oocu p o n c y,PreservAtlon,Mwlntenance nnd Protectlon ot tde Pro p erty;Borrower's Loan Applt�►Non;I.auehold�.
<br /> iHorrower ahall occupy,establlsh.and use the Property as Borrower's principal residence wfthin sixty daya atter the execution of
<br /> , this 5ecurlty InstrumeM and ahall continue to occupy the Praperty as Horrower's principal residence for at Ieast one ywr aRer
<br /> the date of occupancy.unless Lender otherwlse agrees in wrlting. which consent sh�ll not be unre,n.wnably wlthheld.or unless
<br /> `� i extenwNing circumstances ezist which are beyond Borrower's rnntrol. Borrower shall not destroy, damage or impuir the
<br /> Property, allow the Property to deteriorate, or commit waste on the Property. Borrower shall be in default if any fort'citure
<br /> r I sction or proceafing�whether civil or crfminal,is begun�hat in L.ender's gcwd feith judgment could result in forfeiture of the
<br /> � Properry or otherwise matedally impair the lien created by this Securlty Instrument or l.ender's security intcrcst.8omawer may
<br />_�:�: � ���_I cure cuch a defeult end reinstete.as provided in paragraph 18,by causing the actbn or praceeding to be dismissed with a ruling
<br /> . �,r�4 that, in Lender's guai iaith determination, precludes forfeiture af the Borrower's intereatit in iho Properiy ur uiiarr awirriai
<br /> � r' ;; � impairment of the lien created by this Security Instrument or Lender's security interest. Borrower shall alssn be in defnult if
<br /> '' ;� "" �' 'r:�� i Horrower. dudng the loan epplieation process.gave materielly false or inuccurate infarnwtion or statements to I.ender(or fufled
<br /> ,�• �"'�"�� '4' to provide l.ender with any mate�ial i�formatian)i�cannection with the laun evidenced by the Note. including,but not limfted
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<br /> ,��,.��,�.. ;• ta,represenu�tions concerning Bonower s occuponcy of the Property as a prfncipal rcsidence. If this Security Instrumcnt is on u
<br />' t� ;�• leasehold. Borrower sl�all com I with all the rovisions of thc lease. If Horrower � uires tee title to the Pro n , the
<br /> -�" �'y�-�`'��` leasehold and the fee title shall not merge unless I.ender agrces ro the merger in writing. � � y
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<br /> ._�;;.;,�., �.� 7.Prolection of I.ender's Rlghts in thc Araperly.If Borrowcr fails ta perform the covenants and egreemenls rnntained in
<br /> .�,�;;,��;,,:{,,:•,;� ` ; this Secunty lnstrument, or there is a legal proceeding that muy significanUy Affect Lender's rights in the Praperty (such as a
<br /> ` �+��~' '°'~�-, i proceeding in bankruptcy,probate, for condemnution ar forfeiwre or to enforce luws or regulations),then l.ender muy do and
<br /> '�� �i'����.`''"`"�'� � puy for whatever is ncr.esw►ry to protect the vulue of the Property und Lendcr's rights in the Propeny. Lender's actions may
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<br /> `���•�.�••-��•� include paying any sums secured by a lien which has prioriry over this Security Instrument. �ppearing in coun, paying
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<br /> ,,;�i4,,,.,�;�,;n;,. reASOnable atlorneys'fees und entering on the Property to mnke repairs.Alihough Lender muy teke action under this p�ua�raph
<br /> • 7,I.ender does not have to do sa.
<br /> ��',�! `°�" Any amounta disbursed by Lender under this par�graph 7 shall became additional debt �f &►rmwer secured by thix
<br /> ,.:�•� " `" Security Instrument. Unless Barrower and L.ender ngree to othcr terms of payment,Ihese amounts shull bclir intercst from the
<br /> ' ` ���' ' • date of disbursement at the Nate rate and shull be payable, with interest, upon notice fram I.ender ta Bornower requestin�
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<br /> `_� ';r_,ti.;�� S.Morfgage Insurance. If Lender required mortgage insurance us a condition af muking thc loan secured by this Security
<br /> ..��.�.;;,, lnstrument,Borrowcr shall pAy thc premiums required to maintoin the martgage in4uronce in effect. If, for uny reason, the
<br /> `���f mortgage insurance coverage required by L.ender lup�es or ceases to be in effect, Barrower shall puy the premiums requiral to
<br /> —���x�-"� obtein wverage substantially equivalent to the mortgaga insurance previously in effect, ut u cost substantially equivalent to the
<br /> - -----°="`.=�-:.:� cost to Borrower of the mortguge insurnnce previously in effect, from un ulternate mortguge insurcr upproved by L.ender. If
<br /> =�����'�'� ; subuanti�t ly equivalent morlguge insurance coverage is not available, Horrower shull puy to Lender exch month a sum equul to
<br /> _"��,�._ _�., ' one-twelftl�of the yearly mortgage insurunce premium being p�id by Borrower whcn the insurancc coverage lupsed or cea.4ed to
<br /> � __�==,."�'�'�'�-- ( bc in eFFeet Lender will aocxpt.use and retein these payments ea a loxs reserve in Ueu of mongage insurance. Loss re�erve
<br /> =;'���� Fam 80Z6 9/00
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