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<br /> 9a 10i�05
<br /> S. H�sWd or pr�operty Iwra�es. Borrowa �tull kaep 1he in�provements nbv�'ezTuln� or hereafter eroctied on 1he
<br /> pmpertY inwrod +�ir�t las by firc. hwud� includod within the term"eztended covenQe"�r�d�ny other tiatsrds. includir�
<br /> Acwds or flaadinQ,Cor which l.erder reyuira irowr�noe.Thi�insunttioe�hall be rtriiusinod in the�nxwrUS and for the ped�
<br /> �hu I,ender roquires. The inwranae c�Rier provldin�the inwnnce sFull be ch�en by I3�rrower wbject tu Lender'a spproval
<br /> which shall not be unrcasoiwbly withheld. Tf Borrower fails to m�inwin cooernge describod Ybove, Lerxkr rmy. u Lendet"�
<br /> option.obtrjn ooverage to protcet I.ender's rights in the Pruperty in accondsuxe witli parYgrrph 7.
<br /> All Inaurance policfes and miewal: stWl be a�xeptable to I..endec au�d�iwll include��t�u�dud mort�rlie dwse. Lender
<br /> - -----� shall hnvr.the right to hold the pc►liciea And nnewalc.IP Lender noquires,B�nrcawer sh�il promptly givc to l.encler all nxeipts of
<br /> - - -- p�id premiunu and rct�ewal notiaa.In the event of loss.Borrower�Il�ive pranpt�wtire to the inwnnct c+rrkr�d l.�kr. "`�
<br /> Lender may mtice pmof of loss if not made promptly by Borrower.
<br /> Unless l.ende�And Barruwer othenvise aIIrce in writing,insurance procoods st�ll be appliod to restoration ar reprir of the
<br /> pro�xrty damaQed,if the restoration ar rcpair is oconomically fessible and I.ender's security is not lessenod. If the restoration or
<br /> rcpair is na economically fessible or Lender's socudty would be lessened.the insuranoe pcocads sha1�be aPPUed to the sumc
<br /> socured by this Securiry Instrument. whether or not then due, with any excess paid to Borrower. If BoRUwer�b.indonc the -
<br /> Properry.or doa not answer within 30 days a notice from Lender ttwt the insu�u�e carrier has offerod to settle a clnim. then
<br /> Lender may rnilect the insurance praYeds. Lender may use the proceeds to rcpair ar restore the Property or to pay aums
<br /> securod by this Security Instrument,whether or not thert due.The 30-day pedad will begin when the notice is given.
<br /> Unless Lender and Borrower othcrwise agroe m writing. any appiication of procceds to principal siwll nat extertid or
<br /> postpone the dne date of the monthly payments refcrrcd to in paragraphs 1 and 2 or ciwnge thc emount of the paymenu. If
<br /> under paragraph 21 the Property is ncquired by Lendor.Borrower's right to any insurance policies and prcxeeds multing from
<br /> den�ge to thc Praperty priar to thc acquisition�all pass ta LeMer to the extent of the sums securod by this Securiry lnstrumertt _
<br /> immediately prior to the acquisition.
<br /> 6.Oocupwncy,Preservation,Maintenance�►ad Protection ot tde Property;Borrower's Loan Applicatbn;I.eaceliolds.
<br /> -- — Borrower shall occupy,establish,and use the Properry as Borrower's principal residence within sixty days aftcr the execution of
<br /> this Secudty Instrument and shall continue to occupy the Property as IIorrower's principai rcsidence for at least one year after
<br /> the date of occupancy,unless Lender otherwise agroes in writin�,wh(ch consent shall not be unreasotwbly withheld, or unless
<br /> extenuating circumstances exist which are beyond Horrower's control. Borrower shall not destroy, damage or jmpair the
<br /> Pnaperty, alluw the Property ta deteriorate, or commit waste on the Property. Borrower shall be in default if eny forfciture
<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 otherwise materially impair the lien created by this Security Instrument or I.ender's sr.curity fnterest.Bonower may _
<br /> cure such a default and reinstate,as provided in par�graph I8,by causing the action or praceeding to be dismissed wfth a ruling _
<br /> "� _ --T— that, ia Lessder's gssa!'fai!ts dete�':natian, pmludes forie�t��m �t �hc 13ormwer� in�eresc �n che Property or oth�r material
<br /> ,t �-y� ��� impairn�ent of the lien created by this Securiry Instrument or L.ender's scxurity interest. Borrower shall also be in default if
<br /> �`� �:j�!:' �� �-+� Horrower,during the loan application procesti.gave materially false or inaccurate information or statements to l.ender(or failed
<br /> � '� •�����''�'�=•� to provide L.ender with any material inforniation) in connection with the loan evidenced by the Note, including,but not limited
<br /> , l�.� � • to, representations concerning Borrower's occupancy of the Pro�x:rty as a principal residence.If this Security Instrument is on a
<br /> :.�:�;,�,,.;_:; '�..,.a Ieasehald. Borrower shall comply with all the provisions ot the lease. lf Borrower acquires fee title to the Praperty, the
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<br /> �'^'"%° �'"` , leusehold and the fee tide shall not merge unless[.endcr agrexs to the merser in writing.
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<br /> '�-.�. '�`�` 7.Protection ot I.ender's Rights in the Property.If Borrower fails to perform the covenunts and ugreements contained in
<br /> '�`��'`�'•°','s'�� ��` this Security instrument, or there is a legal proce��ding that may significantly uffect Lender's iights in the Property(such as a
<br /> _ , ' :��k �' procec�iing in bankruptcy,probate, for cundemnation or forfeiture or to enforce laws or regulations), then L.ender may do and �"
<br /> y �,.._.,.•, pdY rY P P� Y ' 8 Pe Y Y
<br /> '..«;..� .�. ..4'�... Por whatever is oecessa to rotect the vrlue of the Pro rt .►nd Lender's ri hts in the Pro rt . Lender's uctions ma
<br /> �r"y-t�4f - F�Y 8 Y Y P Y 5 PP� 8 PaY 8
<br /> ,.,�},,,,„.,,a�....._ . IrlCludC in an sums secured b a lien which hus riorit over this Securit� Instrument, a rin in court, in _
<br /> • reasonable attorneys' fees and entering an the Property to make repuin.Although Lender mny take action under this paragraph
<br /> a-:'��'' ' .�, 7, Lender dces not have to do so. -'•
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<br /> ,�;:_.:.�,_,.,. Any amounts disbursed by Lencier under thi; parugn�ph 7 shull lx�ome ;uiditional debt of Borrower securcd by this s
<br /> '�``` ' ' �"' ` Security Instrument. Unlesx Borrowcr•r►xi Lcrxicr agrcc tu othcr tcrms of payment, thesc aniounts shall bcar intcrest from the
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<br /> ���= date of disbursement at the Note rute;u�d shall be payable, with intercst, upon notice frnm Lender to Borrower mquesting
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<br /> ..,:..,......... PaYment. _u
<br /> • 8.Mortgage Inwrunee. If Leiuier r�•yuire�i nwrtgage insurance as a cimJiti�m uf making the lo:►n secured by this Security �'
<br /> ,' - instrument, Borrower shall �y the prcrniums requircd to maintain the mongage intiur�nce in effect. If, for any rcation, the �'�
<br /> �'"j' mort e fnsurance covera e uired b Lendcr 1•r se.ur ceascs t��br in effect.&mowrr shall thc remiums uired to "'�'_
<br /> - '. �.. - 8�8 S �l Y P Pa3� P rc9 _.
<br /> -- " '•"•�rx.;.� obtain covcrage substantiully cquivalcnt to the mongagc insurance previously in efi��ct. ut a rost substantially equi��alent to the
<br />_`` ��"` cost�o Bonower of the mortgage insurance previously in effcrt, frum un alternate mortgage insurer•rpproved by L.ender. If
<br /> "� r- ^•�� - substantially cquivalent mortg�ge insuran��e cuverrbc is n�it •rvailublc. Burrower�hall p•ry tu Lcnder cach munth a sum equal to -
<br /> _�s. ;. , ,.::; ,, .. --�.
<br /> —�-==-�'�-�='��.�., one-twelfth of the yearly mortgage insur,uue premium ixxing paid by Borruwer when thr in,u�anre cover.�gc 1•rpwd or ccayed to r•:'.
<br /> r_:�'�`"'�'�-- be in effect.Lender will accept.use:uxi rctain thesc paymcnts;�c a tiss reserve in lieu of mortgage insurance. Wss reserve ., ,
<br /> Fam 3028 9ffi0
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