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<br /> � � � ' ��'' 10S"7'�3
<br /> S. Nucsrd ot Peoperty Inaucanca &�rr�wer shaf{ kaN the impravcmems nox �xis�ing or hereuftcr croctoci on Sht
<br /> - -- " - Pro�xtty imurcd a�ai��st loss�y fire,lia�ards includcd witl�in ti�c tcf-m "cxtcndc0 cavcr.�Kc" a�td any oslicr h:�.�arda,inclu:lirg
<br /> tlac►ds ar RnadinR.fur whicli l..cixler requires ia�,ura�x;c. Thiu insurancc Shall bc maintaincd in the amnunts mxl for tl�e{seriacls
<br /> that Lender rtquires.`rhe insurance carrier pravlding the insura�xe shaii be chasen by Boirower�ubject to I.cndat's upproval
<br /> which ehall ix�t be unrcaso��ably withhrld. If Boaawer fnils to mxinmin coverage described above. I.ender may, at t�nder'�
<br /> optian.otftain cover�e to protect l.ender's righta in ttto Properiy in accbrdancc wlth parugraph 7.
<br /> All insurans�palidc�s and rencwal9 shull bc acceptublt tu Lcndcr m�d Fhall instudc a sinndard mortgng�cluuse. LRnder
<br /> � � � sh•rA havc the eigi�t ta 6old the policies and renewals.If I.cndcr rex{uires,Hotrowcr shttU prumpUy glvc to l.cnder nlf receipts of °
<br /> paid prtmiurr►.g and renewal rtoticcs. In thc cvent of loss.Borrower shall give projnpt rt9tice ta tlie insurnnce carrier and.Lender.
<br /> Lender m�y makc proof of loss if nat made pramptly by B�orrowcr.
<br /> Unless[.ender and Borrower otherwise ugres in writing,insurance proaxds shell be npplicd to restorutlan or rcpair af the
<br /> Property damugod.if the restorntion or repair is economlcully fcasible and I.cnder'R securiEy is not lessened. If the restnratian or
<br /> - - regslr Is ssat w:o�mtcally feaV�ble or Lender's��sr�ty wnuld M le�cr_.nert;the inauranrr nmcrr�a sl�ail he sipplIcd to tU�e suats _ _
<br /> � secarod by d�is Seturity InStrument.whether or not then due, with any cxcess paId to Borrawer. If Bon+ow�r abundons the
<br /> Property. or does nut answer widun 30 days a notice from b.endcr that the insurunce carrier has offered to settle n claim,then
<br /> � Lender muy collect the irusueance proceeds. I.ender may use the proccedg ro repnir or restore the Property or to pay sums
<br /> secured by this Security Insuumene. whether or nat then due.The 30-day period will be�in when the natice is given.
<br />` — Unless Lender und Borrower otherwIse agree in writing. any application of proceeds to princtpal shal(not extend or
<br /> postpone the due dete of the monthly payments referred to in parabraphs 1 and 2 or chunge the nniount of the payments. If
<br /> under paragraph 21 the Property ls acquimd by Lender.Borrower's right to any Insurance policies and pmceeds raulting fram .
<br /> �; damage to the PropeRy prior to the acquisition shull pass to Lender to the extent of the sums secured by this Secwity Instrument
<br /> - immedintely prior w the acquisition.
<br /> 6.Oecu�ncy,Preservation,Muintenance and P�+otect[on of the Property;Borro�ver's Loan ApplIcation;Leasehalds.
<br />= Bomnwer shall occupy.estabtish,and use the Property as Borrawer's principul resIdence whhin sixry duys aRer the ex�xut[on o£
<br /> this Securlty Instrument and shall continue to occupy the Property as Borcawer's pdncipal residence for At least one year aRer —
<br /> •" the date of occupanry. unless L.ender othenvise agrees in wriNng,which consent shall not be unreasonably withheld,or unless _
<br /> extenuating circumuances exIst which are beyand Borrower's wntrol. Borrower shall not destroy, damage or impair the
<br /> Ptoperty, aliaw the Property to deteriorate, ar comrait waste on the Properry. Borcower shall be in defaull if any forfeiture
<br /> �� action or nroceeding, whether civil or criminal, is begun that in Lender's good faith judgment ooutd result in forfeiture af the
<br /> - Property or otherwise materially impatr the lien created by this Security Insuument or I.ender's security interest.Borrower may
<br /> _ , cure such a default aad reinstate.as providc�d in para�raph 18,by causin�the nction or proceedin�ro he dismissed with a niling
<br /> that. in Lender's �ood f3ith determination, precludcw forfeiture of thc Bocrower's interest in the Property or other material.
<br /> impairment of the lien created by this Security Jnstrument ar Lender's secur�ty interest. Borrower shall alsa be in default if
<br /> Borrower,during the loan appAication process.�ave materially fulse or innccurate information or statements ta I.ender(or failed
<br /> ,, to provtde I.ender with any matedal information)in connection with the loan cvidenced by the Note, including.hut not limited
<br /> to,�+epresentations conceming Bomower's occupancy of the Propeny as a principal residence. If this Security Inswment is on a �`-
<br /> le�asehold. Borrower shail comply with all the provisions of the lesise. If Bonower ncquires fce title to the Property. the
<br /> , leasehold and the fee title shall not merge unless L.ender agcees ro the merger in writin€.
<br /> 7.Prutection of[.ender's R(gltts in the Property.If 8orrower fails to perform the covenants and agreements contained in M;�:�;
<br /> this Security instrument,or there is a le�at proceeding that may significantly affect Lender's righ�s io the Praperty(such us a ,,,..
<br /> -� proceeding in bankruptcy. probate. fnr condemnation or forfeiture or to enforce luws or re�ulations). then Lender may do and �-`-�
<br /> •� pay for whatever is necessary ta protect the value of the Propeny and l.cnder's rights in the Property. Lender's actions may ��;:
<br /> include paying any sums secwed by a lien which has priority over this Security [nstivment. appearing in court, paying ��:-
<br /> masonuble attomeys'fees und entering on the Property to muke t+epairs. Ahhoush Lender may takc action under this paragraph ��.
<br /> _ ,. 7.Lender does not huve to do so. `��:
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<br /> _� � �� Any ecnounts disbursai by Lender under this paragraph 7 shall bewme additional debt of Borrower secured by this � •
<br /> . ;��, ,,F Secudry Insuument.Untess Borrower nnd L.�,nder aIIree to other terms�f payment.thesc amounu shall bear interest from the € '' .
<br /> �~�.'..��' ��- date of disbursement at the Note rate and shall be puyable, with intec+ese,upon notice from Lender to Borrower requesting
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<br /> ,r•'"-; PaYment. .
<br /> � `'�"'` $.Mortgage Insurunce.If Lender required mongage insurance ns a condition of making the loan secured by this Security
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<br />-- 'L:fi:'����". Instrument, Borrower shal! pay the premiums reyuicr:d to maintain the mortga�e insurance in effect. If, for any mason, the
<br /> � ��� •-,� ,,,• •-�'�. mortgage insurartce mvernge requi�+ed by Lender ic�pses or ce�a.�to be in etfect, Borrower sh�(t pay the premiums mquired to �
<br /> '. "-. � obtain rnverage substsu►tially equivalent to the mortgage insurance previously in effect,at a cost substantially equivalent ro the � .� _
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<br /> • .,�:, �;�._. cost to Borrower of the murtguge insurance previously in effi�:t, from un alternate mortgage insurer approved by Lender. If
<br /> r•�: �`��'.. .., su bstanti a l ly equ�v:�en t ma rtgage insurarcce coverage is no t av�i l a b le. Borrower s h u l l pay to L en der eac h mon t h a su m eq u u l to f
<br /> ;�;•�;_: L�•�:�_�. one-twelfih of the yrarly�nort�age insurance premium bein�paid by 8ornower when the insurance coveruge�apsed or ceased to
<br /> `%-��'• '��•�• r. be in eff��:t. Lender will nccept,use and retnin these payments as a Iass re�erve in lieu of mortgage insurance. L.oss reserve t ..
<br /> _ �•�;�� `} - Form 3028 9I80 (
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