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<br /> - — — 8. lfla�rd or Praperty I�.�uru�tcc. Dorrowcr shall kccp tho impmvemcnt� now exieting on c�res�ftcr crccud an thv
<br /> Property insurcd agAin�� luss by fire, hnxxurds lncludcd wlthin tha term "extended cov�eruge"and any other huzunls.ittcluding
<br /> flaoda or fla�ding, far which I.emfer requircs insurance.Thla insurance Hhall bo maintalncA in tho amounts a�d for the pertods —
<br /> thut I.endcr requlres.Tho InRUrance cnrrler providing th�tnsumnce ehull bt�choscn by Borrower subject ta l.cnder's upproenl
<br /> which shatl no1 I�o unreasonably wlthhcld. If Bnn�wer fails to maintRin wvcmgo descritkd above� [.cndcr may� at I.endei s
<br /> - optian�obwin caverage ta protect l.ender's rfghts in the Property in accardance with pamgruph 7.
<br /> ���--' Alt insumnw paltcic�and renewnis ehati be ucccptabte to Lcndcr urtd shall tnctude a atundnrd mortguge ctuuso. Lcnder `---
<br /> EIIAII IIAVf lI1C�I$III�O I10I(I 1I10 POJICICS llRd fCflCWBIA.If I.ender requires. 8armwer ehalt pramptiy give ta l.emter all raeipts of
<br /> patd premlumv und renewal naticas.In the event af loss.Barrawer Khall sive prampt natice to tho insuranoe carcier and Lender.
<br /> _ Lcndcr muy makc proof of loss if not madc promptly by Borrowor.
<br /> • Unle�s Lender a��d Barrowcr atherwise ugree in writing,insurnnce proceeds shalf tie npplied to restomtion or repair nf the
<br /> :` �? Property damaged,if the restoration ar repair iA ecanamtcally feanible and l.ender's security is not lessened. If tho restoration or
<br />-�=���' repuir is not ecanomicalty feasible ar Lendcr'a securtty would be lessened, the insun�nce proceeda shali be applied to the aums -- —
<br />-`'�''"� secured by this Secudty Instrument, whether or not then due, with any excesa pnid ta Harrower. If Barrower abandona the
<br /> 1���'' Property,or does not answer within 30 days a notica from L.ender that the insurance carrler has offered to settle a clalm,then
<br />.-/ Lender may collect the iosum�ce prc�cecds. Lender may use the proceeds to repair or �+estore thc Property ar to pay sums
<br /> securcd by this Security Instcument,whether or not then due.The 30-day pedod will bc�in when the notice is given.
<br /> Unless l.�nder and Borrower otherwfse agree in wr�ting. any applicatton of proceeds to prfncipal ahall not extend or
<br /> . postpone thc due date of th�monthly payments referred to in paragrephs 1 sind 2 or chenge the amount of the payments. If _
<br /> _�_ � � _ under purngrxph 21 the Praperty is acquired by L.ender.Barrower's right to amm ineurnnce policica and Qraceed.4 resutNng from .,,
<br /> � .�`',x�;���a damage to the Property prtor to the acq��isitton shall pass to Lender to the extent of the sums secumd by thia Security Instrument
<br /> � `�"'' `.� �t'''� immcdiatcl riorto the ac uisltian.
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<br /> '�:.�.,rf;�',��:" , 6.Occupancy, Preservation,Maintenance and Pratecttan of the Propertyi 8orrnwer's Loan Appltcatton;I.easeholds.
<br /> `�• ,. �. ' Barrawer shuU occupy,establish,and use the Property as Borrower's principul residence withln sixty days after the executton of
<br /> , a;: :� ::.:� ,� this Securiry Instrument and shall continue to occupy the Property as Borrower's principal restdence for at leust one year ufter
<br /> , 7` , � `' � the dete of occupency,unless i.ender otherwisc agrces In writing,which mnsent shall not be unreasonably withheld,or unlesa
<br /> � • � �., extenuating cirwmstances exist which are beyond Bnrrower's control. Barrower ahall nat destroy. damage or lmpair the
<br /> • Property,allaw the Propeny to deteriorate, or commit wastc on thc Property. Borrower shell be ln default!f any forfeiture
<br /> , � action or pmceeding.whether ctvil or criminal, is besun that in L.ender's good faith Jud�ment could result in forfeiture of the
<br /> ' � Praperty or otherwlse matedally Impair thc lien created by this Security Instrument or L.ender's securIty interest. Borrower may ___
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<br /> ' ° cure such u defuult and reinstate,as provided in paragraph 18,by causln�the action or pmcecding to be dismissed with a rulin� �
<br /> , that, in Lender's gaod�aith determination, precludes forfeiture of thc Bnrrawcr's intcrest in the Propeny or other materiul
<br /> impaimmnt of the lien created by this Security Instrument or Lender's security interest. Borrower shall also be in defuult if =
<br /> Borrower,during the laan appllctttion process.gAVC materfaUy fnlse ar lnaccurate informutton or statements to Lender(or failed —
<br /> ,� . i to provfde I.enderwith any material information>in connection with the loan evidenced by the Note.including, but not limited �=;�_
<br /> . _._�_._..__..,._... .:...__ • ...........�_ ... .�.�._ : � .,. � �.. ... t
<br /> •. -.------.._.-_._...-- 20. i.�srs;.r.cw:�ors canccrrirg I3.,uv.,�� ,tl�:CuNuii��u� �u� ri'J��iy as a prir�.��3:i�iC��u�{i�C.1� i�i{s.„,..urity u�biii7iilGii�S ui'i u _
<br /> ' •• ° � lensehald, Bonower shall comply with ull thc provisions of the lensc. If Borrowcr acquires fce title to the Praperty, the i�"'
<br /> � . � leusehold and the fee title shall not mergc unless L.endcr ngrccs to thc mcrgcr in writins.
<br /> " 7.Protection of I.ender'�Ri�htti in the Property.If Borrower fails to perform the covenunts and agreements contained in �'�
<br /> this Security Instrununt, or thcrc is a Icgul pr�xecding that muy xignificuntly uffect L.endcr's rights in the Propeny (wch us a
<br /> 5 proceeding in bankruptcy, pmbatc, for condemnation or forfeiturc or to enforce luws or regulations),then L.ender muy c90 nnd
<br /> . pay for whutcvcr is neccswry w prntcct thc value of the Property and Lender's ri�hts in the Property. Lendcr'S actions may �� °
<br /> �� lnclude m an sums zecurcci b u licn which hux ri<�rit iwcr this Sccurit lnxtrument, a arin in murt, paytn
<br /> .' ' paY � Y Y P Y Y PPe 8 s
<br /> , rcasonablc uunrneys'fees and entcring on thc Prc�perty to miikc rcpain. Although L.cndcr may takc uctian under this parxgraph �
<br /> ' 7, I.ender d��e�,not have tn do so,
<br /> Any amounts disburv��d by I.ender under this paragraph 7 �hu�l hecame additianut deNt of Borro�ver secured by this
<br /> ' � Security Instrument. Unless Burrowcr and i.eixier ugrcc to other tcrm�af puynxnt, thcxc umounts shull he:u�intcrest Gom the ,
<br /> date of disbucsemcnt ut thc N�nc ratc und xhall he payable, with intcrest, u�xm notirc from L.endcr to Borrower mquesting
<br /> �, puyment.
<br /> � 8. M1tortRnge Insurunce. If I.endcr rcyuir�d murtgugr imuranrc uti u cnnditiim of making tlu loun secured by thix Security
<br /> � Instrument. Borrnwcr rh:�ll pay the premium�reyuirccl t<> muintain thc mortgagc in+urunrc in cffect. If, for uny re.�son, the
<br /> inx�rtgage insurun�c roverage rcyuind hy Lrnckr lup.c,��r rra�r.to hr in rfl'cct, Burrowcr.hall puy thr premiums required to
<br /> i ohtain covcra�c substar.riully cquivalcnt to thc mortgage in.uranrc previciu�ly in rffcrt,ut u rust suhstantially cquivulent to thc
<br /> i cost to Bormwcr of thr mortgutic in+urunrc prrviou�ly in cl7cct, t'ratn an ultcrnutc nuutgugc insurcr apprc�ved by Lcndcr. if
<br /> , suhstantially eyuivulrnt mongugc intiurunrc cu��crugc i,nut availahlc,E3cirruwcr.hall pay tc�Lrnder carh mcnxh u sum cqual to
<br /> onc-twel(th of thc ycarly mort�u�c insuruncc prcmium heing puid by 9��rruwerµ•hen thr in,urunrc ruvrrage laps��i or rcutied to
<br /> � he in effect.l�nder will acrept,utie and retain thetie puymcnt���. u lu�. re.�rve in licu uf mortgagr in�ur�rke. L�n. re+erve
<br /> � Fam 3028 8190
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