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<br /> S. N�uw�d or i�a�o�rty�et�;ct�ti�. Rnsrawtr shali kcep the fmprovementx now existing�r�eiealter cf "iect�un the
<br /> — Ptaj►crty insured ngninst loss by.f�re. haeasrts inciudec�witt►in the term "extend�d coverage^and any athtr hn�ardg,including
<br /> - Flcaas ar liooding. for whtch Ler.Ktu n��uiias i�-u�anco.Th�s fn:�runce sltall�'+nAintalnad in the mm�unts and for We periadc ._
<br /> -- tha� l.ender�cquircs.Th�insurartce carr'!er pruvtdic�thc insumnce shuli be chasen by Bor�o�ver aubject to Lender's approv�t�
<br /> whtch shull rtaY br unreuonubly withheld. If Bc►rrower fidts t� maintnin wvcrasa described above. I�r►der muy. at[.ender'a
<br /> oplion,obwin coveroge ta protect Lender's�ighis in the Property in nccoMa�uoe witb paragra,ph 7.
<br /> � All insurunoe policies and cenewule ahul{f�acccpwbiv to I.cnder and shatl instucte n siflndarc! mon�age cla��s8. I.ender �_
<br /> ehAll havc the right to hnld the pmlicies and renewnls. IP[.ender mquices.Borro�ver shnil promptly give to Lender a91 te�elpis of
<br /> ____ _._ -_-, �id pmmiums nRd rencw�l rtotices.In the eveni nf lass.Barrn�ver shall give prompt nattce to the insurer►ce c�acrter�nd I.ender.
<br /> l.cnder muy m�ke proof of toss if not made pm�pily by 8ortoa�er.
<br /> �` — Unl�s l.ender and Bcirrower athenvise agre�in�vriting,insurfln�e procaeds shal�be aPP��ed to restorntion or repair of the
<br /> Property danwged,if the restoration or mpuir is eoonomiraqy feasiblc Rn�tl l.ender's securicy is not tessened.If the restoration or
<br /> ---l rep3ir is not economicnily feusible or L�nier's secudty wonld br lesseaed.the iasnra►x�e Prc�000ds shall be sipplIed to the sums _
<br /> secured by this Secudty instrument. whether or nnt lhen due. with any excess paid to Bomnw�r. If Bom►wer abandons the
<br /> - Property. or d�not answer wIthin 3Q dstys A nottoe fmm l.ender that the insuranoo cartler has offered to settle a claim, then
<br /> Lender may anllest the insurnnce proceeds. L.ender may use the proeeods to mpair or nestore the Property or to pay sums
<br /> ---- -- decuied by thls Security Instrument.whether or not then due.The 3Miay period�vill begin when the nouce is given.
<br /> � Uniess L.ender nnd Borrower otherwise asree in writing, any application of proceeds to pr�ncipal shaii aat e�:�a
<br /> _-z.� - - pastpone tho due date of the monthly payments referted to ln pamsraphs 1 and 2 or change the amount of thc rn,ymaa.ts. Ilff -
<br /> �`'�;-� �, under par�gmph 2l the Prope�ty is ucquired by[.ender,Horrower's right to any insurana poticies er,d proa¢ds�[czng�a�s �
<br /> `f�';?.� � dama&Q to the Pro�Ay priar to the acquisit�on shall pass to I.ender to tha extent of the sumc secured by dzis�C,curety�ns.�^�*�*�
<br /> .' •�'•-'., immediately pzior to rhe ecquisidon.
<br /> .,�,�,�T:,' 6.Oocu�rx�.k�tservatiom.btaintenance ar�d Protection ot the Pr+upert';Bun+u�►ri''s Loan App![ca8bo�;➢.mvs�9�s. _-
<br /> � Borrawer shatl�y.establish,and use the Property as Bomower's principal residence within sixty days aflter the e�o�*.�on of =
<br /> , � . this Srcurity Dcute�.r.o�nt and shall condnue to occupy the Property as Bornnwer's principal residence for at least one}�ar aftey.
<br /> ' the date of oc�cupae�cy, unless L,ertder othenvise agraes in writing,which wnsem shall not be unmasoi�ably withheld.or unless
<br /> .. � extenuaticeg ccmcce�stances exist which are beyond Bomnwer s control. Borrower shall not destroy, damage or Impair the
<br /> _. , � " • �u�perey, allow the Property to deteriorate. ar commit wnsce on the Property Borrower shalt be in default if any forfeiture
<br /> .. act@�n ue prvoeediag. whether civil or criminal, is begun that in[.ender's good faith judgment could result in forfettum of thr
<br /> �. B Pro�erty or a�14e�vJise materiully impair the lien cmztod by this Security Instrnment ot Lender's security interest.Borrower may
<br /> � = cure such a defaul¢and rei�tte.as provided in paragraph i 8.by cawi��b ii�c actia�or�ro...""rding io!se d��mi`.�='•'ith a rulin_g - -
<br /> . that, in Lertders gaad faith determination, precludes forfeiture of the Borrower's imeress in the Property or ather matedal
<br /> %ti •. impairment of the lien created�►y this Security Instrument or I.ender's security interest. 8orrower shall also be in default if
<br /> ,� Bornower,during the laan application process,gave materially false or inaccurate information or statements to L.ender(or failed —_.
<br /> .,. �'
<br /> to provide Lender���ith any material informltion)in connection with the loan evidenced by the Note, including.but not limitad �.
<br /> , to,mpresentations macerning Borro�ver's accupancy of the Property s+s a principal residence.If this Security Instrument is on a _-
<br /> leasehold, BorrovYCr .C�all comply with all the provisions of the lease. li' Borrower xquires fee title to the Property. lhe
<br /> leasehold end the fee titie shall aot mergc untess Lender agrees to the merger in writing. �°
<br /> � :�� � 7.Protection oi Lender's Rights tn the Property.If Borrower fails to ped'orm the mvenants and agr�eements contained in �'�
<br /> ', this Securiry Instrument, or there is a legal proceed'+ng[hat ma��significantly affect I.ender's rights in the Property(such as a
<br /> proc�ding in ba�e6:ruptcy,probate, for con�tem�r2tion or forfeiture ar to enQ��rce lawc or regulations), then I.ender may do and
<br /> ,. pay for whatever i+necessary to protect the �a9ue of the Property and l,ender's rights in th�Propetiy. f.endet's actions may
<br /> ��:��•. i�xlude paying any sums secured b�• a lien �Lhich ha. priarity over this Security Instrument, appearing in coun, paying �
<br /> i:�;�`#h „ � ParagraP
<br /> :�•,.� rasonable attomeys' fcxs and er�tcrin=on the Pmperty to rnakc repairs. Although L.ender may take action under this h
<br /> '���'i'�,`••;�:� • ' � 7.L.ender does not have to do s��. �
<br /> Any amournis disbursed by [.ender urtder thi, paragraph 7 shall he+:ome additional debt of Borrower secured by this
<br /> " Securiry Instrumec!t. l'nless Borrower and Len�er agree to other terms��f�ayment.these amounts shall bear interest from the .
<br /> •j:`:;�'.. dxte of disbursere�rnt at the Notc rate and shall be payable, with �nterest, upon notice from L.ender to Borrower t+equesting
<br /> . �'.";i_ �ay�sment.
<br /> �a�,�,`''".fi � - 1cS, :�iortga�;e insurun��e.Ii ixuuc� tcyU��C�i tii�iit14:it;t ici�idi'.13'i�C:LS u�O,iuiiiG.���f:".3.�:!!a If!?IQ3r!SC!'N�h�r thic COCpT�[V .
<br /> :':,i+;�� � ' Instrument. Borr.4,ee�r shatl pay the premiumt required tn n�aintairt :1�: mortgage insurance in effect. If, for any reason, ttee
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<br /> •���,��.::,t mortgage insurn�cc.overage required by Lender lapses or ceases to h: ir effect. Borro��er shull pay the premiums reyuired Qo
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<br /> obtain mverage substantially equivalent to thc mortgage in�urdhcc prcviously in effect,at a cost xubstantially eyuivalent to tlhe
<br /> ;'::k}.}, rnst to Borrower of the mnngage in.urancc pre�•iously in rffert, from an alternat�rnort��a�c imvrer approved by L.ender. If
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<br /> . - substantially equivxlent murtgage imurance coverage ia not availsble.&�rroarr�hail�x}ta.l.ender each month a sum equ to
<br /> �� one-twelfth of the yearly mortgage insurance prcmium being paid by &�rcuuer wfirn the insuran�e coverage[apsed or ceased to
<br /> he in effect. l.ender wiU accept,use and retain the.e payment+a� a lo+� re.en�c in lieu ��f mort=ase insurance. Loss reseroe
<br /> 1ti Form 3028 9�
<br /> i:1,!51 � ,�3 0�6 I! .
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