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<br /> S. H�rard or Property Inwrnnee. [ic�nuwer clwll keep the improvements now exicting or herrafter erected an the
<br /> Property incurexi a�uuMxt loss by ftrG, hru+rdz i�xludal within the tcnn "eztend�xl cuvcrugc" wxl yny nther h�v.�rds, including
<br /> flaadb or ilooding, far which Le�xic�royuirca in�urw�x:e.'fhis in�ur�uxe shall bc mYintaincd in thc ynxwnts and fnr the periais
<br /> that L.ender ra�uires. 1'Ne insuranre curcier providing ttx inwr,u�ce shall be chosen by E3�rcuwer subjcct w f.ender's approval
<br /> �vhich xhall not be unrwsurwbly withheld. If Hc�rrower fuils to nu�intuin cnverage describai Above, LenJer�t�y, ut Lender'►
<br /> _ option,obtain cuveroge ta protect l.ender's rlghts in the Property in ucc��rdunce with puragruph 7.
<br /> -- - - —° Alt inrurance�C�licics And rencw�is shall be acccpcoble to Lc.rulcr a�xl shull inclutie u :,laikl:�rd nwrtguge�I�uu:. I.�rxier -
<br /> shall have the right ta hald the pnlicies und rencwLlc.If Lender rcquires, Bormwcr r�hwll prumptly givc to Lcixicr yll reu:iptx of
<br /> �� paid premiums and ren�wal notices. In the event��f In��,Fk,rmwrr�hell givc prnmpt notire to tlx insurunre c�rrler�nd Lender.
<br /> L.ender m•ry make proof of lass if not made prumptly by Borrowcr.
<br /> _ Unless Lender and Bonowcr atherwise Agree in writing, insurunce proceedti shall he upplicd to retitorution or rep•rir nf the
<br /> Property damaged. if the restoratian or repuir iti economically feu�ihle und Ixnder's secu►iry is n�u lessenaf. !f thc restoradon ar
<br /> --- — - -- repair is not ecorsomicully fe.ucible or Lender's security wauld be les�encd,the inxurunce pnkeeds shull be�pplicxf m the sums
<br /> -- sccured by this Security Instrument, whether or not thcn duc,with uny excesti puid to Bnnnwcr. If Borrower ubandans thc
<br /> -- Property, or does not ancwer within 30 days n notice from I.ender that the insurnnce carrier hus�iffered to settle a cluim, then
<br /> - � I.ender muy co!lect the insurunce proceeds. L.ender may use the p�aceeds to repair or rcstorc the Property or to pay sums
<br /> secured by this Seeurity Instrument,wl�ether or nc�t then due. The 30-day pericxl will begin when the notice is given.
<br /> - --_-=_- Unless Lender and Borrower atherwise agree in writing,any application of proceeds to principal shull nut extcnd or �.
<br /> postpane thc due date of thc monthly payments referced to in paragraphs 1 and 2 or change thc umount uf the payments. If _
<br /> m'•' ��� � under paragraph 21 thc Property is acquircd by Lender, Borrawer's right to any insuroncc policics and proceeJs resulting from
<br /> damage to the Property prior to!he acquisitian shall puss to L.ender to the extent af the sums secured by this Security Instrument
<br /> �;;�;,, immcxlia�rly priur to the acyuisitiun. `
<br /> . �.�'�.�:•�;�.�;��=;_:: 6. Occupancy,Preservatian,Maintenance und Protection of the Proprrty;Borrower'K Loan Applicet(on; I.easehc►Ids.
<br /> � �.` •�`r����:�• Bc�rrower shall occupy,establish,and use the Property us Borrower'ti principul residencc within+ixty dayti ufter thc cxecution of
<br /> �,;};�, �.i.;, . 's ;.,: thix Security Instrument and shall continue to occupy the Propeny a�BoROwer's principal resiJence fi,r at leu,t une year after _-_
<br /> , ; � • • , ,.:�;�- the date of accupancy, unless Lender otherwiu ugre:ex in writing, which conunt tihull nul be wueawnably wit6held, ur unlesti —
<br /> ;, ,�'., extenuating circumstunccs cxist which ure beyond Borrower'�r�ntr�l. Bnrrowcr shall �xx destroy, damugc or impair thc --
<br /> ' ' "� Property. aU��w thc Property to deteriorate, or c�mmit watite on the Propeny. E3�umwer shall be in dcfault if any Torfciture !"':�
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<br /> , aeNon or proceeding, whether civil or criminal, is begun that in I.�:nder's gocxi faith judsn�ent could result in forfeitw•e of the
<br /> . . � Property or otherwiu:materially impair the lien created by thi�Security Instrument or Lender',�ecurity intercst. &�rmwer may
<br /> a_{.;.:�:..: :.. . cure such a default und rein+tate.as provided in paragraph 18, by cuusing the acticm or proceeding to be dismisseci with u ruling �_,
<br /> '�� � � �' �� � that, in Lendcr's g«xi•faith determinution, precludcti forfeiture of the Borrowcr's imerest in thc Property or othcr materinl - --
<br /> '�'t"�.--'`-`-= ;; impairment ot ehc licn crcaicd by ihis Scturity ln:,iruzu�nt csr Lerider'�. �;ecurity inte:�cst. Bc:rror:cr shs!! als��be in default if
<br /> Bonower,during thc loan applicution pnxesx,guvc tnuterially f•rl.re or inarcurate informati��n or statement�tn L.endcr I�r failcd
<br /> to provide Lender with any materiul information)in conncetiun with thc loan rvidenced by the Note,including,but not IimiteJ �
<br /> to,representutions concerning Borrower's cxcupanry of the Pruperty ati u principul rrtiiJence. If this Security instrument is un a
<br />' • Ieaschold, Iioni�wcr shall camply with ull thc pro��ision.r of the Iwsr. If Borrower acquires fee title to the Pmpeny, the
<br /> IeaseholJ and thc fcc tide shall not mergc unlcs,Lender•rgrees tu thc mrrgrr in writing. --
<br /> �j, • • 7.Prot��etiun oP Lender'x Ri�hts in the Prnperty.If Bc�rrowcr fuilti to perform the covenants ancl agrcement.r cont•rinui in -_
<br /> Y � " this Security Intitrument,or there ix u Irgal p��xecding that may�ignilicanUy affect Lendcr s rightti in thc Pmperty(tiuch as u
<br /> ��+ proceeding in hankruptcy, probate, ti�r condemnatiou ur titticiture ar t�� cnti�ree lawti�,r rcgulati�ms), then I.ender may dn and ��.
<br /> � •. , pay for whatever iy nccctitiary a� protcrt thc vuluc uf thc Pmperty ancl Lendcr'� right.r in thc Aroperty. I.enJcr's uction� may �'
<br /> �% � include paying uny tium.r securcd hy a licn which ha+ priurity uvcr thi+ Sccurity Intiu�u�nent. ap�x;►ring in ruurt. payinF
<br /> -i reaumublc uuorncy.+'tcc+arxi entcring on thc Property tu mal:c repair,. Althuugh L,endcr nr.►y tukc uctii�n under this paragruph �-
<br /> : # 7, Lendcr docs not havc to do so. �`
<br /> . , Any •rmount,di,burscd hy Lrndrr unJrr thi. paragruph 7 �hall hcr�mir aJJitinnul drht af&�rrowcr sccurcd hy thi. �;-
<br /> Secwity (n.tiunuut. Unlc„8o�ruwcr SnJ l.rndri agrcr tu c�thcr tcrmti nl'paymrnt. thc,c amount,.hall bcar intcrc+t from thc ��-'�'�
<br /> datc of disbursemcnt ut thc Notc rutc und shall Ix payablr, with intrrc,t, up�>n nc�ticc 1'rn�n Lrndcr to Borruwcr rcyuc,ting --
<br /> ' ° payment. _
<br /> . �.�;�� .. S.Aiort�a�e Insurunce. If L.rndcr r�:quireJ nwrtgagc in,uran�r a,a r�mditiun uf muking thc luan secureJ hy thi� Sccurity �---
<br /> • ' In�trttmcnt. &ttruwcr .IiaU pu�• thc prcmium. rryuircd tu maintain thr murtgagr in,uran�r in effcct. If, fi>r any rca,un, thc k=.`-
<br /> � mortgagc insuranrc covcragc rryuired hy Lendcr lap.r+ur rr.uc.t��hr in rflcrt. B��rruw•.r�hall pay thc prrmiums reyuircd tu �,-.
<br /> � ,..� uhtain ruvcragc tiuh,tantiully cyuivulcnt tu thc murtga�;�in.uruncc prcviuu,ly in rl7rct,at a rotit ruh�tantiall��ryuivulrnt t�� the i r:�
<br /> s�• �. rotit t��&>rcowrr cif thc nx�rtgage inwrance prcviou.ly in rtl'rct. frum an ultrrnatc mnrtgage inwrcr appro�•cd hy LenJcr. If �+�
<br /> _ ' • ,ubst.�ntiaUy cyuivalcnt mort�agc in.ruranrc c�n•rragc i, nut avuilahlr.f3urruw�ir.hall pa} tu Lcmlrr rarh munth a sum cyuul tu �--
<br /> 4� : � onc-twclfth ofthr ycarly mortgagc in,uranrr prrmium heing paid hy l3urruw•cr�vh�n thc in,ur:mrc cu��rragc lup,rd ar�ca�cd ta
<br /> •1 ; � be in�ffcrt. Lendcr will ucrcpt.w�and retain thcx paymentti a� a lu.. rc+rn•c in licu ��f mortgagc imur.�ncr. Lntiti rc+crvc
<br /> _ . „ Form 3028 9190
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