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<br /> ----------- — S. H�zuM or Property Inaurance. Borrower ehell kccp tho imprrnen�ent� nA�x�isting o�r'1[���Cercctcd on Ihe
<br /> - ,�,�„�,_� Pmperty lwsm�od agalnst I�cx by fire, hn7.�rde Includcd wltMn dic tcrm "cxtendcd caverAge" ai►d nny othcr haznrds� Including
<br /> flcxxfx or fl�xtiding. for which I.cndcr rcyu+r�y inaumnco.Thls insurunro xhnll bu nudntulncd in thc amaumx und for thc parlodA
<br /> thnt [.ender requirca.Thc inrwrnncc curdcr provlJing thc inxuran�c ebull bc ctroscn by 8onuwcr KubJect tu I.endcr'x nJspmvul
<br /> '" which Rhull not bc unrc�uunubly wi�hhcld. If�ut�wcr fnllx to maintaln ruvcraKc dcscrlbal ahuvu. (,Cit{ICP IliGy. nt I.cndcr'x —
<br /> ,r�� aption,abtain covernge to pratect I.ender'e rightx in tho Property in ucrordunce wiih purugmph 7.
<br /> __—_____� AN in�urnnce �+nliclea nnd renownls eltinll be urceptnbla tu I.ender and�;hul! includu a �tnndard n�ort�a�e deuse. I.ender �,---_ , __- __, -- ..._
<br /> = shull have the right ta hold the palicics und renewale. Yf I.cndcr requires.8ocrawer ahull promptly glvo to[.endcr all recelpte of
<br /> � puid premiuma and eenewal notices. in the event of loss.Barrawer shall givo prompt notice t�the insurance carrier and i.ender.
<br /> . Lender may maka pmof of lasA if not made promptly by Horrower.
<br /> Uniesa I.ender urtd Borrower atherwfsc uBree!n wrldng,lnsurance proceeds shnll be appiied to restoratton or repuir of the
<br /> Property dHmaged,if the restaration or repn{r is economjcelly feasible and L.ender's security is not leasened.If thr restoration or
<br /> • �,� repair is not economically feaaible or I,ender's security would 6e lessened.the insurance proceeds ehall be applied to the�suma _�_._________
<br /> secured by this Secudty Instntment. whether or nat then due,with eny excess paid to Borrawer. If Borrowur 6bandons the
<br /> ' "3r.��Y�:�?:' property.or does not answer wlthin 30 days a notice from I.ender that the insurance carrler has affere�i to settle a claim. then -- ---
<br /> , r� �''' ''�'`�'���• L.ender may collect tha lnsurance proreeds. Lender may use the proceeds to repair or restore the Property or to pay sums
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<br />'/ �";� � ;`'�''�"`s`,.� sc.cured by this Secudty Instrument,whether or not then due.The 30-day perlod will begin when the notice is given.
<br /> �,.�';,;'�:'�;�"ti.�'r;.;;K• Unless I.ender and Bonower otherwise agree in wrIting, any applicatIon of proceeds to prtncipal shall not extend or
<br /> "��. . ,?"' � P�� YPY P � P � PY
<br /> • ��r s ne the due date of the monthl a ments referred to in ara ca hs 1 and 2 or chan e the amount of the a ments. If
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<br /> � '' ' ' ', under paragraph 21�the Property is acquired by Lender.Borrower's rlght to any insurance policie.g and proceeds resulting froit� �
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<br /> --� • d�ge tv che Propeny prior to cho acquiaicion shall pass�o I.ender ro ehe ex�ene of che suma secured by this Security Instrument -_-
<br /> ; " • imme.iistely prIor to the acquisitian. �T---_
<br /> ' . 6.Occupancy, Preservallon,Mainteaance and Protectton of the Piropertyt ��wer's Loen AppUcatiop;Leasedolds. `��,;�;�:_"
<br /> �' � � ' Borrower ahall occupy. e�tablish. and use the Property as Borrower's prIncipal residence within sixty days after the execu.lan of ;a =�,.�-
<br /> �'"' this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after �� s�:��-
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<br /> �'��•: the date of occupancy, unless Lender otherwlse as�ees in writing. which co�sent shall not be unmasonably withheld.or unless ,'� _::��.-_.
<br /> , eate�uati�6 cinumstances exist which are beyond Borrower's control. Barrower shall not destroy, damage or impair the �=��
<br /> Property. allow the Property to deteriorate, or commit waste on the Property.Bormwer shall be in default if any forfeiture - -
<br /> action or roceedin whether civli or cr�minal,is be un that in I.ender's ood faith ud ment could result in forfeiture of the -�'�"
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<br /> • �� Property or otherwise materially impuir the Iten creuted by this SecurIty Instrument or L.ender s security interest.Bonower may
<br /> cure such a default�nd reinstare, as prov�ded in paragrsph 18,by causfng the�ction or procca3fng ta hc dtsmisscd with a ruiing - r' -
<br /> ^ that. in Lender's goad:fatth determination, precludes forfeiturc of the Bonower's interest in the Property or other material �
<br /> �.��� impairment of the lian created by this Securtty Instrument or Lender's security interest. Borrower shaU also be in default if ` '
<br /> Borrower,during the loan application process,gave matedally false or inaccurate informatian or st�tements to Lender(or failed "
<br /> •• ' ta provfde L.ender with any rnaterisl Information)in connection wtth the loan evldenced by the Note. including,but not limited ?�
<br /> „ ' � � to,representat�ons conceming Borrower's occupancy of the Property as a principsl residence. If this Security Instrument is on a � _
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<br /> � leasehold. Borrower sh�ll comply with all the provisians af thc Icase. If Borrower acquires fcc title to the Property, the
<br /> leasehoid nnd thc fec tftic shall not mcrge unless Lender agrces tu thc mcrgcr in wrlting. ,
<br /> 7.Protection otLender'x RighGs in the Property.if Borrawcr fuils tc�perform the covenants and u�memcnts contained ln �,.,k
<br /> this Securiry Instrument,or thcre fs u IeRal proceeding thut muy significuntly utfect I.ender's rights tn the Pmperty (such as a
<br /> � � proceeding in bankruptcy, probute, fiir rondemnution or forfeiture ur to enforce luws or regulutians). then l.ender muy do und . +� = �
<br /> pay for whatever is necessury t� pratect the vulue of the P�nperty und I.enJer's rights in the Property. Lender'x uctions may .•6�� �-
<br /> y include payin� uny sums secured by u lien which hus priority over this Security Instrument, uppeuring in court, paying ' �,f�''��•�
<br /> � • reasonable uttorneys'fees und enterjng on thc Property tci m•rke repatrs. Althnugh [.cnder nwy take Action under this paragraph r��"���,
<br /> . 7,L.endcr docs r�t huvc to do so. ,,
<br /> � ._ ' Any amaums disbursed by [.ender unJer thi. pu�ugruph 7 .i►all becuuir u�ditiuuul Jeht uf Be�rrower securc�ci by this �� •-
<br /> Security Instrumcnt. Unlcss Borrowcr and Lendcr ugrec to othcr tcrmx of paymcnt, thetie amounts shull bear interest from ttie " �" �
<br /> datc of disbursement ut the Notc rute and shali be pieyuble, with interest, upem notire from [.cnder to liorrower requestin� ' ' "' •
<br /> payment. .
<br /> 8.Moriga�e Insurance.if L.ender rcyuircd mortgs��c insurunce u.a rundition of muking the loun secured by this Securlty . •
<br /> Instrument, Horrower shull pay the premiums required to muintuin thr mnrtguge inxurunce in effect. If, for any reason. the �
<br /> _ mortgagc insurance coverage required by Lendcr lupsrs or rc�sc.r• to bc in effert.Burn+wcr shull pay thc premiums required to
<br /> ' obtain coveruge substantiully equivulent to thc mortgu�e insu�utue previ�wtily in eftcct, at a ru,t substnntiully equivAlent to the I
<br /> � eost tc�Bonower of the mortgaIIe intiurunce previouxly in rffect, from un uiternute murtguge insurer uppmved hy (,ender. If
<br /> subtitantially equivutent �nortgage insurance rover�ge is nut uvuilahle, Borrowe�.huU pay to I.enJcr earh month a tum equal to �
<br /> one-twclfth of the yeurly moRgage insururne prcmium bcing puid by Burruwcr when thc insurunce r<�veruge lapscd or ceased to
<br /> .. be in effect.L endcr wilt accept,use und retain the.e payment�u+ a lusx mservc in lieu af mortgugc insurunce. L�ns reserve I
<br /> Form 3028 8180 I
<br /> Papo 3 0l 8
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