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<br /> S. H�rd ar Proporty Insurnnce. Bornower shell keep the impwvcmenta taow�at�ng or hereAfte:ereaod on the
<br /> . . ___..-___�,,,,_„_ Praperty lnsured Against Ioss by firs, he�ards included wiU�in tha term "extendod coveraga"and any other he7ude,lmluding
<br /> - `��-'�� floods or flooding.for which Lcnder requires insuranco.This insuranca ahall bo maintaMcd in the amountg and far tho periads
<br /> that Lend�r requires.The insurance carder provtding tho insurence shall be chosen by Borrower subject to i.ender's spprovtl
<br /> which shull not be unreasonnbly wlthheld. If 8o�rower faila to muintnin coveraga descdbEd abave. Lendar muy. nt I.ender's
<br />- --- - optian.obtaln coverage to pratec�t Lender's righta in the Property la accardsnce wlth paregreph?.
<br /> All insurance poliaies and rencwula shall be nu�ptabia to Lender und shnll include u standund mortgaAe clnusa. I.enikr
<br /> T��-----� shall have the dght to hold tha policies and renewals.If I.cnder requires.Borrower ehall promptly glve to E.ender nU rocelpte af �
<br /> _ paid prem{ums and renewal nodces.!n the event of loss�Borrower ehall give pmmpt nosice ta the inaurar►oe carrier and Lender.
<br /> Lender n�uy make proof of loss if not made promptly by Borrowcr.
<br /> �' � Unlesa I.ender and Borrower otherwise agres in wrtting,insurance prc�oeeds shall be applied to restoradon or apair of the
<br /> _ I Propeity damaged.if the restorati�n or repair is economically feasible and L.ender's securlty is rtat lessened.If tha restoradun or
<br /> repair is not economically feasible or Lender's secudty would be lessened. the insurance proc�eeda shall be eppliad w the suma _
<br /> ;.�;� I secured by this Secudty Instrument, whether or aot then due. wlth any excess paid to Borrower. If Borrower abandons the
<br /> Property.or dces not answer within 30 days a notice from Lender that the ln.sutance carrler has offere�W settle A claim, then � T
<br /> ` I,ender may collect the insuranoe proceeds. Lender may use the proceeds to repair or restora the Property or to pay sums
<br />�i secured by thle Secudty Instrument.whether or not then due.The 30-day pedod will begin when the notIce fs given.
<br /> Unless L.ender and Borrower otherwise ag�+ee in wr[ting. any applicadon of proceeds to pr�ncipal shell not extend or
<br /> postpone the due date of the monthly payments refemed to in paragraphs 1 ac�d 2 or change the amount of the payments. If
<br /> ,���• ,; under paca�,rcaph 21 the Pmperty is acquired by Lender.Bortower's right w any insursince pollcies and proceeds cesulting from ---
<br /> � � �''� -- damagc ta iht I'raperty priar ta tha atyuisitiou ai�nii pua�tu Lc,idcr tu iiie vateni oi the sums secured by�hie Securi�y Insuuraent
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<br /> .��`-`�''�'������.'�"`f immedtatety prior to the acquleitIon.
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<br /> ' " 6.Occupaucy,Preservatton,Malntenance and Protection of the Property;Borrower's L,onn Applicatlon; I.easehoids.
<br /> �:3� ':� . . .; r Borrower shal!occupy.estabtish,and usa the Pro '
<br /> . perry as Aorrawer s principul residence within s[xty days after the execudon of
<br /> • . this Secudty Instrument and shall conNnue to occupy the Property es Eiorrower's prinsipal residence for at least one year after
<br /> {��'-� . the date of occupancy.unIess Lender otherwlse agrePS in writing, which consent ahall not be unreasonably wlthheld,or unless
<br /> .�„ extenuating clrcumstances e:cist which are beyond Borrawer's control. Bomower shall not destroy. damase nr impatr the
<br /> Property.allow the Property to deteriorate. or commit waste on the Property. Borrower shetl be in defautt if any forfeiture
<br /> . ' actlon or procced[ng, whether ctvil or crIminal, is begun that in I.ender's good faith judgment cauld result in forfeiwre of tha
<br /> . ' Property or otherwise materially impair the lien created by this Securlty Instn��nent or Lender's secur�ty interest.Borrower may �
<br /> ' cure such a default and reinstate,as pravided in Qaragrarh I R,My causinE thP A�t;on nr Fme�ling to be dlsmissed w4th�r�ling —"'
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<br /> � ,, I. that. in Lender's good faith determination. precludes forfeiture of the Horrower's interest ln the Properry or other materIal °"
<br /> � � impairment of the lien'created by this Secudty Instrument or L.ender's secutIty interest. Borrower shall also be in default if
<br /> . � Horrower,during the loan application process.gave materislly false or inaccurate information or statements to Lender(or failed
<br /> to provide I.ender with any material information)in connectian with the loan evidenced by the Note, including.but not limited
<br /> ' to,representations concerning Borrower's occupancy of the Property ns a principal residence.If thls Secudty Instrument is on a ---
<br /> " ' leasehold, Borrower shall comply with ull the provisions of the lease. If Barrower acquires fce title to the Property. the �
<br /> � • �- leasehold and the fee title shaU not mer�e unless I.ender a�rees to thc merger tn wrlting. ,;��;
<br /> � 7.Proteetion of Lender's RiRhts in the Property.if Bonower fuils to perform the covenants and agreements contained!n �
<br /> . • this Securiry Instrument, or there is u Iegal procecding that muy tiigntficantly affect L.ender's rights in the Property(such as a
<br /> • � proceeding in bankruptcy,probate. for condemnntion or forfeiture or tn enforce Iaws or regulations). then Lender may do and
<br /> . pay for whatever is neces�ry to pratect the value nf the Property and I.ender's rights in the Property. L.ender's actions may �
<br /> includ� paying any sums secuned by a tien which hus priority over this Security Instrument, appearing in court, paying °
<br /> . , • masanablc attorneys'fees And entering on thc Pmperty to makc repain. Although Lender may take action under thts paragraph
<br /> 7,Lender does not have to do so.
<br /> . Atty smounts disburscd b�� C.cndcr undcr this paragraph T shall bc�ome additionai debt uf Sorruwe� ,r.cu:cxl by tl�is -.
<br /> . Secudty Instcument. Unlcsx Bonower und I.ender agrec to other terms of paymcnt,thesc umounts shull beur interest fram the
<br /> datc of disbursement nt tl�e Nutc rutc �ud ,t�all be puyablc, with irncrcst, upcm notirc from Ixnder to Borrower requcsting
<br /> payment. „
<br /> 8. Mnrt�a�e Insurance. If Lendcr rcyuircd mortguge in,urunce ati a cimdition of making the loan securcd by tMs Security •
<br /> lnstrument, Bormwcr shall pay thc premium� rcyuircd tu mainwin thc mortgugr in�urancc in cffect. If, for any reason, the
<br /> . mortgabe insurunce coveruge requind by l.rndrr lupses or cea�c�t��be in rffert, Borruwer tihalt pay the prcmiums required to
<br /> abtain covera�;e�ubstantiully cyuivalcnt ta the mortgugc in+uranrc prcviuu�ly in rffect, at u c<+.t ,ubtituntiully equivt�lent to the
<br /> co�t to Bonnwcr of the mi�rtgugr insuranro previuusly in effcrt, fmm an ultcrnutc m��n�ugc intiurcr approved by Lender. If
<br /> subytantially equivalent mongugc in.uranrr ruveruge i.n��t urailabic. Bcirruwer tihall pay tu l.�ndrr cach manth u sum equal to
<br /> one-twelfth of the ye�rly num�ugr insuranre premium txing paid hy&irruwer w•hen the in,urancr ci�verage lapseci or ce:isod to
<br /> be in effect. Lender will ucrept,u�r and retain thcse paymm�tti u. a lu.. re�cn�c in lieu ��f murtgagc in,urancc. Lc�ss tescrve I
<br /> Form 3028 8/80 �
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