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<br /> --------—N"'� S. Ha�.�rA�r a'mpeMy In.�urunce. Iiarrawcr shull kecp tho improventcnte now�tsttng ar hereuftcr crcctcd on the
<br /> Property insurai a�uinet lohs by flre, liumrda includcd within tho term "extended covcrngc"nnd any otitor hux�nrds.Including
<br /> flaads or flaading.for which l,eitder requires inaurance. This insuruncc�hall be maintnined in the umuunts and for the periodn
<br /> that Lender ncyuins. The inxurunce cnrder provtd{ng the insumnce shull be chc�sen by �arn�wer Rubject to Lt:nder•e approvul
<br /> _ � whlch ehali nu�be unru►�u�u�biy withiuiJ. If Rurrower fait�ta nwinta�n caverugo dre��crlbei!above. Lender mny. at t.sK►der'a -----
<br /> aptian,o6tnin rnverage t�penteet Lendrr'R righte in the Praperty in occardunce with paragr�ph 7.
<br /> -�— --��� All inausanco pailctes und renewulx ehall bc acceptuble to L,ender und Ahalt include u stnndard martgage clause. i.ender `'
<br /> shaU havc;thc dght to hald thc policles nnd renewuls. lf I.ender requires.Borrower Rh�ll promptly givcr ta[,ender ull rcreipts of
<br /> paid pmre�iums and renewnl natices.In the event af ioss,Bonower shaU give prampt notico to the insurunce carrier nnd Lender.
<br /> _.• — Lender may mnke praof af lass if not mudc promptly by Barrawer.
<br /> -"° Urtess L.ender and Banower otherwise ugrec in�ritinII, insurnnce pmcecdR shalt be applicd to restoration ar repair af the
<br /> _- Praperty damaged.!f the restoration ar repai�Is ecanomicaUy feusiblo nnd Lender's r�ecurity ia rtat Icssened.If the restaration or
<br />-.�a,:' repair is nat ecunomically feustblc or Lender's secuHty would be tessened,thc in�urance pmceeds shull be nppiied to thc sums —
<br /> ,��. secured by this Secur�ty Instrument, whether or not then due,with any rxces�paid ta Borrower. If Borrower sbandons the
<br /> ;;�• Praperty.or dces not answer within 30 days a notice from [.ender that tl�e tasurnnce cr►rrier hu.�affercd to retdo a eiaim,th�en
<br /> ��;. i.ender may wtlect the insurnnce procevds. I.ender may use the proceeds to repa�r ar re9tare the P�aperty or to pay sums
<br /> secured by this Securlty Instrument,whether ar nat then due.The 30-duy perlad will begln when the nottce ia given.
<br /> Unless Lender.und 8arrower otherwise agrec in writing, any application of proceeds to princip�l shult not extend or
<br /> ' postpane thc due date of the monthly payments referred ta in paragraphs 1 and 2 or changc thc Amaunt of the payments. If
<br /> �- under sra ra h Zi the Pru rl in a• uirraI b I..cu�Ic�, Buuuwc�'a�i tii tu a�� {�i�,ucanc� �Itctcs ait3 raCCCd&t"wu�tlst fram
<br /> - _ �.,._'_..-- P' S P P� Y u! Y !3 y i^� F S
<br /> T , damuge to the Praperty prior ta the acquisition shall pass to i,ender to the extent of d�e sums securcd by this Secudty Instrument
<br /> . immediately prlur to the acquisltton.
<br /> - 6.Occupaney,Preservation,Metntenance artd ProtecHon of the Property;R�rrawer's Loan Applicationi[.easeholds.
<br /> '�', . Bnrrawer shali occupy,establish.nnd use the Property ae Borrawer's principui residence wtthin sixty days ufter the execution of
<br /> ,.�'�`�;'�?'�'"''•r`, 1,. this Security Instrument and shal!continue ta accupy the Property as 13orrower's principal restdence for at least one year after
<br /> �4::• � , ��'� the date of occupuncy,unless l.ender atherwise a�rces in wridng, which consent shall rtot be unrcasonubly withhcld,or unless __,
<br /> � ' extenuating circumstances exist whtch are beyoad Borrower's cantral. Borrawer shall not destroy, dmm�ge or impalr the �=_�
<br /> `�'"�''��� , property. allow the Property to deter[arate, or commit wuste on the Property. Borrowcr shull be in default if any forfeiture
<br /> .�.. : �
<br /> • , , , actian or proceeding. whether civil ar criminal, is begun thac in Lender's good faith judgment could result in farFeiture of the __ _,
<br /> ,, _ _.. '_ , Property or othcrwise msterfnlly impair the lien created by this Security Instrument ar I.ender's security interest.Bonower may � -___
<br /> � cure such a default and reinstate.as rovid�:d in aru ra h 18, b causin the action or raceedin to be dismissed with a n�lln '"` "
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<br /> � j P P � P Y S P S � � r.-.
<br /> � ; that. in C.ender's good faith determination, precludes forfeiture of the Bonower's intcrest in the Property or other material �?�y=�
<br /> ".ina�a>;�
<br /> Impainnent of tl�e lien creuted by this Security lnstrument or Lender's secudty interest. Borrower shall nlso be in default if ,., �
<br /> � � I Barrower,durin�the loan applicution process,guve materiuAy false or inaccurntc information or statements ro Lender(or failed � �'��;
<br /> � � � to provide Lender with uny material inforn�ation)in connection with the loun evidenced by the Note, includin�.but rat limtted '
<br /> - ta.representations conceming Borrower'+occupancy of the Prnperty us a principal residence.If this Securlty Instrument is on e . '
<br /> �� � leusehold, Sonower shaU comply with all the provisions of the Icase. If Borrower ucyuires fee title to the Property, the
<br /> � leasehold nnd the fee titic shall not mcrge unless Lendcr agrccs to th.:mcrger in writing.
<br /> , I 7.Proteetion of I.ender's Rights in the Property. If Bonower fuils to perform the covenants and ngrecments contained in •
<br /> � � this Security Instrument, or there is u Iegul prcmecding thut may significuntly uff�rt I.ender's rights in the Property �such as n
<br /> � � proceeding in bankruptcy, probute, for condemnation or forfeiture or tc�enforce luw,or regulations), then Lender rnay do und
<br /> 1 „ � � ' puy for whatever is necessary ta protcrt the vnluc of thc Property and Lendcr's rights !n the Property. Lcnder'x actions muy
<br /> ,, include puying any sums securcd by u lien which hus priority over this Security Instrument, appcuring in court, puying
<br /> ° ��. masonnble attomeys' fees und cntering an the Pmperty to make repuirx. Althou�h Lender may take nction undcr this parngraph
<br /> :'� = == •---� - ��_-- 7,I.cndcr docs not ha��c to do so.
<br /> � �� Any amounts disbursed by Lender under this parngraph 7 shull 6ec<ime udditional debt of Borrower +ecured by this
<br /> � „ Sccurity Inrtrument. Unicss Burrawcr and L.cnJer ugrce tu uthcr tcrmti uf puyment, thcse umounts shuU beur intcrest from the
<br /> . dntc of disburscrnent at thc Notc rutc und shnll be pxyuhle, with interest, upon notirc from Lender tn Barcowcr mquexting
<br /> . „ payment.
<br /> � .� 8.Mort�age Insurance.If l.cnder rcyuirecl mortgu�c insurance us n cundition ut muking thc loun secured by this Security ,�
<br /> �. Instrnment, Borrower shall pay thc premiums requircd to muintuin the mortgage insuranre in effcrt. If, f'or nny reasan, thc
<br /> �� n�ongage insurnnce covera�e rcquireci By L.encicr tapses or ceutic,tc�bc in effcrc.Borre�wcr shall pay the premiums myuired to
<br /> 1 � •• � obtain covera�e substantially cquivnlent to the mortgage in,urunce previously in eff'rct. ut u co,t substuntially equivalent to the
<br /> . �� ' � cost to Sorrower of the murtgage insurance prcviously in effcct, frc�m an alternatr mortgage in+urcr upproveJ by Le��der. If
<br /> �, , substantially cyuivulcnt mortgagc insuranrc covcrugc i.nut availab(c. Bc►rru�vcr ,hall pay t��Lcndcr rarli month a�um equal to
<br /> , � } „ onc-twelfth of the yr.arly mort�age insurance premiurn bcing paid by Bormwer whcn thc insuruncc rovcruge lups��i ar cca,cc!tu
<br /> � ' ,,� � be in effect. Lender will uccept, use und retuin thex puymentti us a lo.ti reticrvr in licu uf mortguge intiurancc. Lo,s re�rrve
<br /> 1 Form 3028 9190
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