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<br /> �..,...�� �"P� �O�C I�Y
<br /> S. fiAxard or Pmpaty In�utanve. &�rrowcr hhal! kcep th� impruven�ente now cxlsting or hercaRcr crested on the
<br /> ------- P�ropeny i�nsurod against loss by fixo,hazarJs lncludcd within tf�terni°extended caveruge"and nny c�ther h�rds,including
<br /> - ' flaoda or flaxfing.far which Lendt�tequires insumnsc.'�'hix in�uea�toC.shsQ ba nu►intninccl iu thc amaunts und for thc periads
<br /> - -- - - that Lendcr rqnires.Ttt�trr�ur:ttroa carrEcr praviding�!►e in^sax�szce sl��ll tt�c�n by ktnrrowe�r,�+b�ect tn I.end�r'e upprnvnl `-
<br /> - which shail rtat be un{eusonably wtthheld. if Dnrnnvcr fnila to mslnts�in cover�e descrtbcd u6ovc. i.ender inay. nt 1.�ndet'n
<br /> — optian,obtufn oovernge to protoct I.ender'a rIghtw in thc Property in accord�►noc with pa�Agmph 7.
<br /> --� All insurance policies nnd renewnls xhall be aceeptuble t�Lender nrtd shalt includ�u stundurd marlgage clnuse. I.�nder
<br /> - ----- shall ha���the right ta hvld the pulicies tutd rene�vnls. IP Lender requires,Borrower shai{pmmptiy givc to Lendcr ail tecelpts of
<br /> -�;��� pafd prcmiums und renewul nottces. ln the c��em of loss,Borro�vcr shail give prompt notice to t he Insumnce aur�ler nn d l.ender.
<br /> _`'ll%� Lender moy malce prcmf of loss if not mnde pmmptly by Bc�r�a�ver. �
<br /> �;='��; Unless[xnder und Borrower otherwise agrea in�vriting.insuranco proceais shaii be applied to restoration or cepair of the
<br /> _4;�;�' `'`�>'. Property dumnged.if the mstoratlon or repair is eoanomicstlly feasible and Lender's security is rtot:essensd.If the r•astoratian or
<br /> -:::;::'';.;:�. r�epaer!s rtot evonomicully feASible or Gender's sec�urity wauld be lessenod.the jnsucnnce proc:aeds shall be appiied to the sums
<br /> =�v-;�•'.���'';'`. secur�ed by this Secu�ity Instrument.whether ar not then due, with any excess patd to Barro�ver. lf Horro�ver abandans the -
<br /> „-� ;,.-: •. . ..,
<br /> --_:,.. : Property. or daes not answer within 30 duys a nottce from Lertder Nat the insurartce carrier has offered to settle u cluim.then
<br /> " •- Lencler may oo([ecc she insurance proceeds. Lender muy use Ne praooads� r�pair or restore the ProFerty or to pay sums
<br /> - .'�4:� �:��� s�c�.uad,l��r thi.s Seca,�iry�nscrume�x.whether or noi then due.'Ctte�Q�da,y�temad:�i11 begi.�vihcn the nnt��is given.
<br /> � � Unless 1'i.e�tder artc� �rn�wee othenvise agree in writie►�.an�r anpkicaci.crn of�mceods rp�ri.cr�i.�al s�ail not extend or
<br /> -�..��;�.�;�',F�. � "�`'' �ostgame s�e dr�e alate oE the cmoneQe[y Bayments r+eferred to ic�par�gr.aP(ts t a�12 or change ti�e am�sunt of t11s�Saycnents. If
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<br /> ;, :: _ •.�, uuder paragraph 2P 2he�ro�eray is��ired by I.ender,Bnrmwer's RgCu co amy insuranoQ Q�i�ies as��r.00eeds resutting from ,__
<br /> % �' ��� damage to the Prceperty�Srior to the�cquisitio�e shat!pass to I.ender to�e exeeupa of the sums secuced bg t6is Securlty Instiument _-
<br /> � .. immediately prior to the acquisition.
<br /> 6.Oecupancy,�rrvation,lYdaintenance snaid Protecti�m o�t ih�Pe+�perty;Borrower's Loan Apptica4ton;Leaselwlds. -
<br /> - Borro��•er shall occupy,establish,ar�d use the Progerty as Borrower's prirtcipal residence withln sixry days after the executlon of
<br /> � this Security[nstrument and shall continue to occupy ttie Ptoperty as�ora+nx•�r's principal rcsidence ffm�r�t least one year after
<br /> .,• the date of occupar�c},i�*�ttss Lender otherwise agrees in writing. which ra�ment shall not be unreasoar,�ihly withheld,or unless __
<br /> extenuating circumstanc:.� ex+st which are beyond Barrower's control. �urrower shall not destroy, c!amage or impair the --
<br /> ` .,�;i��?��, Propem•, allow the Nro�coty to deteriorate, or rnmmit waste on the Property. Borrower shall b�6n��fault If any forfeiture
<br /> ' �`•`•sf�%��� action ar psoceeding. �t6�etAer ci.•il or criminal,is begun that in Lender's good faith judgmant wuld a�esult in forfeiture of the
<br /> �;���s;:�;;,:• ' Prop�n� or atherwise materially imp�ir the lien created by this Security Inswment or Ixreder'.serucitv is�terest.Borrower may
<br /> 'f%`� �' ''- = cure snc4�a default and eeinstate,at provided in p�t*asraph 18,by causinR the action or ptaceedi�g to�e c3ismissed with a ruling -
<br /> ��' ''����"��'�' ��� that, in H.ender's gc�od �'aith determinatian, preclusies forfeiture of the Borrower's interest in the �ucT�n�;• or other materiat
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<br /> '�����•�•:�,-' impai�ne�t af the lien created bv tfiis Security Instrument or LenJer's security interes¢. 1Ra�reawer aVea�[I a�so be in default if
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<br /> °n.��,:�._•:�.,. Borrower,during the ioan applicatec�r.�rocess,gave materially Caise or inarcurate informaniaa:��v statemenu a i.ender(mr faited
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<br /> ��,,;�,„�.,�.�•. to provide I.ender with nny material information)in connection with the loan evidenced by a��e Note,including.but na4limited �,,_
<br /> `. ` to,representations concerning Borrower's occupancy of the Property as a principal residence. If this Secutiry Insuument is on a �"'`
<br /> ��• . leasehold, Borrower shall comply with all the provisions of the lease. Yf�orrower acquires fee title to the Property, the -
<br /> '' leasehold and the fee title shall not merge uniess Lender a�rees ao tC�¢merger in writing. -
<br /> �° }` 7.Protection af I.ender's Ri�hts tn the Property.If BorQOwer fails to perform the co�•enants and agreements contained in
<br /> '•+;.;
<br /> •�•��;,:;�; this Security Instrument, or there is a legal procceding that may significantly uffect Lender's rights in the Property(such as a
<br /> proceeding in bankruptcy.probate, for corxiemnania�n or forfeiture or to enforce laws or reguiations), then I.ender may do and
<br /> pay far whatever is necessary to protect the vAlue nf the Property and I.ender', rights in the Property, Lender's actions may ; �
<br /> include paying any sum� secured by u lien �tiMicti has priority over this Serurity Instrument, appea�ing in court, paying `
<br /> rea.sonnblc uttorneys'fee�and entering on the Propercy to make repairs.Although Lender may take action under this paragraph �
<br /> 7,Lendcr dces not have to do so.
<br /> Any amounts disbuned by Lender under this paragraph 7 shall hecome additiona� debt of Borrower secured by this
<br /> Security Instrument. Unless Bormwer and Lender agree to other terms of pa}�ment, thcsc amounts shall bear interest from the
<br /> • dute of disbursement ut the Note r:�te and shxll be payaMr, with intercst, upon notice from Lender to Borrower requesting ,
<br /> payment.
<br /> 8.htortgase Insurance. tf LenJcr rcyuireci mortgag�intiurancc:+.�a rondition of mnkin�the loan secured by this Secunty
<br /> Inatrument. Burruwer ,hall pay Uie premiuma reyuireJ tci maintain the martgage insurance in effect. If, for any reason, the
<br /> mortgage insurance coverage required by [.end�r lapses��r ceaties to be in effect. Borniwer shall pay the premiums required to
<br /> � . obtain coverage�ubtitan�ialiy eyuivtslent to the nn�ngage inwrance pre�•iously in effect,at a cost suhstuntiaUy equivalent to the
<br /> ,,,..
<br /> •� ' cost to Borniwer of thz mortgag� en.urance previouyl�• in r`fect, fmm:ui alternate n�nrt,ace insurer appru�•ed ls4 Lemder. If
<br /> . sub�tae�te�alh equivattnt mortgage insuranre co��erage is nc�f a���iilable, &�rrow•er�hall pa?. e�� iender exch month a sns;r� equal to
<br /> � ��ne-taetEch ati th��eafly� tm>rtgage insurancr premium hrin���id b} &�rcuwer when the �muranre co��erage lapsed or ceased to
<br /> he in effect.1.ert�zls:��dl accept,u�e and retain the�e pa�nirnt�a� a lu,� res�ne in lieu of mortgage insurance. Lo�s reserve
<br /> Form 3028 9190
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