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<br /> 84- ioii�li
<br /> S. Ha�e+e ar ProperlY bwnncs. Barrower �hail I�ap �f�e Improvameo� rbw exlMlty� or lierooher �ra�c4 an the
<br /> property inwraf �rinst locs by firo. har.�nls Ineludal wUhln�he tetm 'eRtoodod a�veny{e" Mnd rny othor hwnl�, Includinj
<br /> tioc�dn or flocxifn�, for which Leoder royuircx ituur�nce. Thi�inwnuiva�tudl 2+�mdnixined in the u�xwnts u�d fdr Ihe period�
<br /> tFud I.���r roquires. Thc insurance c�rricr pr��vidinQ the insuruKti shull be chonen by &�rruwrr wubJecl to Lrixldr'w rppmvwl
<br /> which shall not tu unreasonably withheld. If&�rrowr� fiUs tu muintuin roverage descrit►ai Atxwe, L,o+xkr rru�y. �t Lerxlor'r
<br /> option,abt�in coveraYe to protect Lender'c rightc in th�Prnperty in++cconiYnce with puragryph 7.
<br /> Atl Insurana policia and renewals shall be ucceptable to LenOer and stwll include u sundani mort�aQe clru�e. Lender
<br /> � '� T' siutll liave tiie right to huld die policics und rerkwulb.If Lcnder rr.qu�res,I3orrower shatl promptly rivr tn I.eixler e!I receipts of
<br /> _ paid prcmiums w�d renewal notices.In the event of foss,Borrower ciull�ive prompt notice to the insutanee earrler and Lender. r
<br /> I,�nder may nwke proof of loss if not made promptly by Borrawer.
<br /> Unless Lerxkr and Bomawer othervvisc ngrce in writing,insurance proceeds shall bc Applied to restoration or repair of the
<br /> � Property dxmagad,if the rcsromtion or repair is xonomicalty feasible and I.ender's security ts not lessened. (f the rcswration or
<br /> _ --- - repair is nat economicaUy feasible o�L.ender's securfty would be lessened,the insurance proceeds shall be applied to tfu sums
<br /> - ��- --� .-. secured by this Security Instruntent. whethcr or not then due, with any excess paid to Borrower. if Fi�rrower abandons the
<br /> _ _ Property, or daes not nnswer within 30 days a notice from Lender that the insurance carrter has offercd to setNe a claim, then
<br /> I.ender may collxt the insurance pracceds. Lender may use the proceeds to repair or resrore the Property or to pay swns
<br /> secured by this Securiry lnstrument,whether or not then due.The 30-day period will begtn when the notice is given.
<br /> -° Unless L.cndcr and Borrower otherwisc agree in writing, any applicution of proceeds to pdncipal shell not cxtend or
<br /> - -- — postpone the due date of the monthly payments referred to in paragraphs 1 end 2 or change the smount of the payments. If _
<br /> _�� �, under paragraph 21 th�Property is acquired by Lender,Borrower's dght ta any insurance policies and proccods resu[ting fram
<br /> • -f;' , ' damage to the Property prior to thc acquisition shall pass to Lendcr ta the extenc of the�un�s secured by t8is Security Instrument -°
<br /> " 'I�r_ ` i„��;���;� immediately priorto tho acquisition.
<br /> 'n "'" ;?�;i<���" 6.Occupancy, Peeser�'ation, Muinteruince and Protection of the Property; Borrower's I.uan Applicatlon; I.easeholds.
<br /> :s�"'�!":;'��r`'��""��__� Borrower shalt occupy,establish,and use the Property as Borcower's principal residence within sixty days after the execution of �,
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<br /> ?+'�.� '� •''`''�`�'���� this Securiry Instcument and shall continue to occupy the Property as Borrower's prfncipal residence for at least one year after __
<br /> >`;��:fa��''.r•� .- `�'�• �:e the date of occupancy, unless Lender otherwise agrees in writing,which consent shall not be unrcasonably withheld, or unless _�
<br /> ..,.��,.1., .•�'_�•;: .
<br /> ,� ;y-':~� ••:�,::•;' • � extenualing cireumstAnces exist which ure beyond Barrower's control. Borrower shall not destroy, damage or impair tha �
<br /> " Y'�'f`' '����`'���''% ` Property, allaw the Praperty ta deteriorate, ur commit waste on the Property. Borrower shnll be in default if a�y forfeiture
<br /> � �t`r:!�'�•'� ' uction or prace.eding,whether ctvil or criminal,is begun thnt in Lender's gaod faith judgment wuld result in forfeiture of the ��
<br /> � � Property ar atherwise materially impoir the lien created by this Security Instniment or Lender's security interest. Borrower may
<br /> � .=•"�,:�; _,,�,t,s.�,,,,,.. :: cure aueh a default and reinstate,as pruvided in paragraph 18,by c�using the action or procceding to be d'smissed with a ruling _,
<br /> "�":�"�"" that, in l.ender's gaod•faith determinacion, prcctudc� furfcitu�c u:titie S�rrower's iatcrest in thc Ptoperiy or other maseri�! �
<br /> ". impairment of the lien created by this Security Instrument or [.ender's security interest. Borrower shall alw be in default if
<br /> Borcower,during the loan application prcxess,gave materiully false or inaccurate information or statements to Lender(ot failed
<br /> to provide Lender with any material information) in connection with the loan evidenced by the Note, includins,but not limited R;
<br /> to,representatiom concerning Borrower's occupancy of the Property ati a principal reyiJence. If thiti Security Instrument is on a
<br /> Icaschold, Borrowcr shall comply with all thc provisiunx i�f thc Ica+c. If &irrowcr acquircs tec titic to thc Propcny. thc --
<br /> leaschuld and thc fec title�hall not mcrge unlc�.[.cixlcr u�;rec•to ihr mergcr in writing. �
<br /> 7.Protection ot l.endcr's Ri�hts in the Prope�ty.If&rrr�►wrr fuil�to Exrfi�rm thr cuvenants unJ ugrecmcnt�rnnt:�inixi in �'
<br /> = this Seru►•ity Instninxnt, or thcrc i�a lcgal prck�cdin�thut muy yignitirantly affect I.ender',rights in thc Property (�uch us u —
<br /> c: p�aeeecling in bankruptey.pmbute. tirr conJemnation ur fi►rl'eiture ur to enti�rce luwti ur rc�;ululiun+).then Leiufer nu►y do and �:-.
<br /> ;� pay fnr whatcvcr i.r• ncccswry to protcct thc vulur ot'Sh� Pr�►�xrty anJ IAt�dcr'� right�in thc Pruprny. L.crxicr'� actiam mry ��•
<br /> includr paying any sum. K:cumJ by u licn which hu� priurity uvc� thi+ Security In�trunknt, uppcaring in court, paying �
<br /> rca.wnublc atwrncys'fcc+and cntcring on thc Prci{kny to n�kc rcpain. Althuugh I.enJcr muy tnkc uction utulcr this paragraph �,;
<br /> 7,Lendcr docs not havc to do xo.
<br /> Any umaunts disbuned by Lendr►• undcr thi+ parag�•rph 1 ,h•rll tkrumc aJditional dcht of Borrowcr .ewred by this ��.
<br /> � Sccurity Instrument. Unless &irr��wcr anJ I.cnder agrcr d�athcr trrm�i�f paymcnt, thcx amounts tihall txrr interc+t from thc � -
<br /> dntc of disbursement at thc Nate rate und sh•rll be puyublc, with interest, up�m notice tYum Lcndcr to Borrower requesting -
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<br /> � paymcnt. r
<br /> � S. MoM�age Insur�nce.If I.endcr rcyuircd nnirtgage in.urance as a ronJition uf m•rking thr luan xrured by thi�Sccurity
<br /> ' ' Inztrument. Borrower shall pay the premium+rcyuirrd t�i muintain thc mong•rgr in,urunrr in effect, If, fin uny reasnn, the �.
<br /> ►.. mortgage insurance coverage rcyuirrcl by I.cnJer lap�r�or cca,c,ta�lk in rffcrt. &>rruwrr.hall pay thc prcmiums reyuir�til to �
<br /> � obtain covcragc substantially equivulcnt tu thr mungugr insurxnrc prcviau�ly in cl'tcrt,at a rutit�ubtit•rntially equivalent to thc
<br /> ' co�t to &irruwcr uf the mortgugc in.urancc prcvi�,u,ly in eftcct. frum an altcrnatc mortgag�: imurcr upproved by Lender. If
<br /> substantially cquivalent mortgage insuranrc ruec�age i,nut a��ail�ble,Burruwrr.haD pay to I.cndcr rach month u tium cyual to f
<br /> � ' � anc-twcltth of tlu ycarly mortg•r�r insur:mrc prcmium ixing paid by Burrowrr wh�n thc in,uranrc awcragc lapscd or ccascd to ;
<br /> . , } bc in effect. L.ender will accept,use und retuin thetie paynxnt.u� a lins rc.crvc in liru of mortgaFe imurance. I.orti rescrvc .
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<br /> Form 3028 8190
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