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<br /> S. }�,d or p�op�ty �,�wr�p. wer �lyll koep tha itpprovema�ta now exisUn� or beroaRer erected on tbo
<br /> p�rtY �nurod a�iart laa by tirc,hir�nla it�cludod wfthia the tum"exter�dCd wvera�e" ud�ny other hwrds� includin�
<br /> floodr or floodin�.(or whlch l.r.tde�requira inwr�noe.Thin inwrana sFWI be maintained in the amounu�nd for ti�e perlod�
<br /> th�t Lader roquira. The i�uuranx curier pn►vldinQ ihe inwrancs�tult be cfw�en by Borrower wbJect to Lender'a�pprov�tl
<br /> which shall not be unrcuorubiy withheld. if Barrowcr tr�ic to m�intrin covenge deicribod�bove. L.a�dcr may. at L.onder's
<br /> option.abuin oova�e to protect Lender'r ri�hu in�he Pn�periy in�ccordanee witb p�ra�nph 7.
<br /> �_,�R„� All inwnnoe policies uxl rcnewal�xh�ll I+a aocept�le to Laukr ud shill include a sund�rd mon�a�e cl�use. Leader
<br /> �hsU have the�i�ht to hold the poHcle,��nd renewd�.if L.endu requmes, Borrower aluli promptly�ive tu l.r�der�ll recelptr•af
<br /> paid prcmiutns wd rcnewd nMices. In the evert of locx.Borrower�iull�ive prarrpt notia w the inwnnce earrler aod I.ender•
<br /> � Lender rrwy make proof of lau if not made promptly by Borrnwer.
<br /> Unless I.erder anci Boc[ower c�therwise aaroe in wddn�,inwranoe pe+oceeds stWl be applied to ratontion or rep�ir of the
<br /> prop,,rty danuiged.if the ratoratian or ropatr is eronomially feaaible�nd Lender's socurity ie nat lauened. If the nstorAtion or
<br /> � rep�ir is not xonomically fe�sible or Lender'��ecurity would be lessened.the insuronce proceeds�II tse appliod to the rums
<br /> socured by this Security Instrument, whether ar rat then due. with any axtesi paid to Borrower. If Borrower wb�u�dons the
<br /> pcoperty,or does not Answer within 30 days r noticc flnm Lender th�t thc insur�nce carrler has offerod to scttle a claim,then
<br /> — L,ender may collect the insurar�ce proceeds. Lender may use the proceods to repAir o� rcstorc the Propercy or to pay sums
<br /> �ecured by this Security Insuument. whether or not then due.The 30-day period will begin when the notice is�iven.
<br /> - Unless L.ender and Bomower otberwise agree in writing. nny npplication of proceeds to principAl shall not extend or
<br /> _- pcutpone the due due of the monthly pnyments rcfured u� in pu�agt�phs 1 and 2 or etumge the amcwnt of the pnyments. If i
<br />- • under paragtnph 2 t the Pmperty is acquirod by I.endor.Borrower's right to any insunu�oe policies and proceeds r�esulting from
<br /> danwge to the Property prior to the acquisition sha11 pass to l.ender to the extent of the cums securod by this Security Inst�ument
<br /> immediately prior to the ncquisition.
<br /> +.�� �� 6.Oocupatncy,Preaervation,MAintenance and PrroterNon of tMe Property; Forrower's i.oae Applkation;I.easeLdds.
<br /> . t, Borrower shall occupy.estabtisli,and use the Property as Borcower's pdncipal residence within sixty days nfter the execution of
<br /> '�:. this Security Instrument and shall continue to cecupy the Property as Horrower's principal residence for at least one year after
<br /> � the date of occupancy,unleu L.ender otherwlse agre�ln writing,which consent shall not be unrcasorwbly withheld.or unless
<br /> , , extenuating circumstances exist which are beyund Borrower's control. Borrower shall nat destroy, damage or impair the
<br /> � •'�'�s . �•. Property,atlow thc Property to detcrioratc. or commit waste on thc Property.Borrower shell be in default jf any forfeiture
<br /> � � �,�::. actian or proceeding. whether civil or criminal,js begun that in I.ender's good faith judgment could result in forteiture of the
<br /> i� +; •���f f-�"-'� •` •• �; property or otherwise rnateri�ily impair the Iten created by thia Security Instrument or l.ender's security interest.Borrower may
<br /> . .,�.:.,..�.:�=..�:��:.«:.
<br /> ;,�.._� • cu�+e such a default u�d rei�state,as provided in paragraph 18,by causing the action or praceeding to be dismissed wjth a cu mg
<br /> , .�`'�`�� that, jn Lendcr's good faith detcrmination, prerludes forfeiture of the Borrower's interest in the Property or ather matenai
<br /> impairment of the lien created by this Security Instrument or L.ender's socurity interest. Borrower shull also be in default if
<br /> � Borrower,during the loan application process,gave materiaUy false or inaccurute infarmati�n or statements to L.ender(or f�iled
<br /> . to provide I.ender with uny material information) in connection with the loan evidenced by the Note.lncluding,but not limited
<br /> to.representations conceming Borroa�er's occupancy of the Property as u principal residence. If this Security Instrument is on a
<br /> leasehold. Borrowcr shall comply with all the provisions uf thc lease. If Borcower acquires fec title to the Property, the 6;.
<br /> � � ieasehold and the fee tide shall not�ncrgc unlccs Lender agrces to thc mcrger in wre ting. __
<br /> 7.Protection of Lender•s Rf�hts in the Property.If Borrower fuils ta perforni the covenants and abrcemcnts contained in �`
<br /> - • , this Seeurity Instrument, or there is a Iegal prc�ceeding that may significanQy affect L.ender's rights in the Pmperty (sueh ac A _
<br /> - proceeding in bankruptcy, probatr, for condemnation��r forfeitum or tu enforce luws or regulations),then I..ender may do and =
<br /> 'f, � pay for whatevcr is necessary to protec:t the vulue of thc Propcny und Lender's rights in the Propcny. I.ender's actions may [F�-
<br /> include paying any sumti secureJ by a lien which has priority over this Security Instrument, appe:►ring in court, paying �
<br /> rca+onable attorneys' fces and entcring on the Property to makc repairs. Although l.cndcr muy tukc action under this pAragraph << '
<br /> " 7,I.endcr does not have to do so. ° �
<br /> Any amounts dixburscd by l.endcr undcr this para�ruph 7 shu�l hccomc additicmal dcbt cif Borrowcr secured by this �
<br /> � � Security Instrument. Unless Borrower arui Lender agree ta othrr tcrnu of p:�yn�ent,thc,c umount. shall bcar interest fmm the �::.
<br /> date of disbursement ut the Nutc rnte and shall bc puyabic, with intcrest, upon noticc from I..cnder to Borrower rcquesting �=>-
<br /> paymcnt. —�_
<br /> ; • 8. Mort�age Inwr�nce. if L.crxicr reyuired murtgagc in.urancr ati a conditiun nf making the luan secured by thiti Secutity
<br /> Instrument. Bon•uwer shall puy thc premiums �cquircd tu m•rintuin th� rnort�ag� inwrunre in rffcct. If, for any reason, the �--
<br /> � mortgage insurnnce rovcragc rcquircJ hy L.cnder lapsc.or ceaticti tu I+c in effcci. Borrower�hall pay the premiums rcquired to �
<br /> obtain covcrasc substantially equivalcnt tu thc mongagr insurunct pn��iou+ly in rf'fcct, at a ru�t�ub,tuntiully eyuivulent to thc
<br /> cost to liorrower of the nxmgagc insurarnr previuualy in rifect, frui�i an aRcmutc martgagc intiurer uppr�wed by Lendcr. If
<br /> ' subuantially cquivulcnt nwrtgagc in+uranre r��vcragc iti nut av:�ilahlr,Bura�wrr+hall puy tu Lrndcr carh munth a sum cqual to
<br /> , . � one-twelfth of the ycarly nx�rtgage inwraiue pretniw»ixing paid b� B��rrua•cr when thr in�ur:►nre cu�•eruge lap+ed or reatied to
<br /> he in effect. l.ender wtll accept,u�c and rrtain th�u paymrnt.u, a lu,� re.crvc in licu ul nwrtgu�e in�uranre. L.o�s reticrve
<br /> Fum 3028 8180 �
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