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<br /> S. Ei�zarA or Property Tnsuranc@• Borroruer ehnll k�cp tiu imprc�vements now oxiating or hereaRer emctod nn t}ws
<br /> - Peo�rty insurcd a�ut+�st loss by firc. hnxards iucLsd�cl witt�in thc tcrm "cxtcndes➢covcragc"nnQ ncry oihcr ho�nrds, incit�ding �
<br /> _ fioods ar tlaxling.far which Lendcr rcc�aires insura��rc.This insurance shnll ba r►�intaine� in the amoants and far the perials •
<br /> ��� that l.c�uier reyuires.7'he Insumnra crurfer provlding tho in.5uranre shall be cliasen by Bnrrowcr subjcct to i.endor'e ay+pnuvel �
<br /> which shall not be unm�sanably wtthheld.If Borrower fails to m�intuin covorngo dercribe+d above. I.errder may.it C.eiuler'e
<br /> aption,obtein coverage to protect I.ender's dght�in the Property in ac.cardance with paragraph 7.
<br /> �,.--- - ____- ---.
<br /> Ali in5aranac palicicw and renawuis shuil be ncceptable ta Lender and shuli inc(ude u standard martgage clausc.I.E�ader
<br /> -- shr,ll huve the dght ro hotd thc pollcies artd renewuls.lf Lender requi��es.8arrowcr sf�all prouiptly givc ta Lendcr all xeceip�ts o -----
<br /> p�id pmmlum.g and renewal notices.In the event of loss.Bormwer shall give pmmpt notioe to the insurance carrtr.r and I.ender. ,
<br />_ l.ender mny muke proof oY lass If not made promptly by Borros��r.
<br /> = Untas l.endcr and Bonower otiienvise agrre in writing.insurnnce praceeds ahall be applied tn reRtoration or npnlr of the
<br /> -- Properry dnmaged.if the restoration or rEpair is econamicully feasible und l.ender'e Recurity is not lessenod.If the rastorution or
<br /> = repair is not economically feasible or Lender's secu�ity woutd be lessened,the insurnnce proceeds shall be applied to the seims
<br />--- --- - - securEd by this Serurity Instrument. whether ar nnt then due, wId� any excess paid ta Botrawer. If Barrower itbandons tha
<br /> __ - Propecty.or does not ann.swer withtn 30 days a notice fmm i.ender thet the fnsurance c�ier has affered to settle a claim, then
<br /> �: Lender may collect the insurnnce prooeeda. I.ender may use the proceeda to repair or re§tore the Property or to pay sums `
<br /> !:'� — secured by this Secutity Instrument,whether ar not then due. The 30�day period will besin when the notice is given.
<br /> Unless Lender and Borrower otherwise a�ree in wrttins. any application of procesds to principa! shall not eatend or
<br /> ��� po�tpone the due date of the monthly payments refcrred to in para�raphs 1 and 2 or chenge the arnount of the payu�ents.If
<br /> -:�,..
<br /> under paragraph 21 the Property is acquired by Lender. Bonower's right to any insurunce policies and proceeda result�ng from
<br /> damage to the Propercy prior to the acquisidon shall pass to I.ender to the extent of the sums secured by this Secudry Instrument —
<br /> ` immedfately priar to the acquisition. �
<br /> ,,; •'.;r. 6.Oc.rapancy.Pres�s�ation,Maiatenance and Pratection of the Property;Hatrower's Loan Application;l�aserioltTs:
<br />_ Honower shall oceupy.esu►�I�sh.and use ttie Property As Borrower's principal reaidaace within sixty days ufter.the execul€an of --
<br /> this Se�urity instrument and shall continue to occupy the Property as Rorrc+wer's prineipal residence far at lenst ane ye,ai� atter •- -
<br /> ' ���''� the date of occupancy.unless i.ender othenvlse agrees in writing, which consent shall not be au�reasonably withheid. or anTess
<br /> ��� extenuatfi$ ciroumstances exist which are beyand Barrower s control. Borrawer shall not destroy, damage or impsur the
<br /> \,
<br /> . Property,allaw the Property to deteriorate,or commit waste on the Property. Borrower shali be in default if any forfeiture
<br />"�' action or proceeding. whether civil ar crjminal,is begun that in Lender's goad fuith judgment could result in forfeltnre af the
<br /> �'� ;;,r,.•; .r;..�:;. Property or otherwise materially impalr the lien created by tbis Security Instrument or Lender's securiry interest. Borrower may
<br /> �' -n�. i�' cure such a defaWt and reinstate.as pmvided in paragrnph 18.by causing the nction or procceding co be dismissed with a ruiing
<br /> '� thut. in Lender's �ood Faith detertnination, precludes forfeiture of the Borrower's interest m the �'roperty or other materiai ="
<br /> impairtnent of the Ifen crented by this Security Instrumcnt or I.ender'x security tnterest. �oROwer shall also be in default if
<br /> Borrower,dudng the loan applicution pmcess.gove materiully f�lse or inarcurnte informatian ar rtatements to Lendec•(or failed
<br /> to provide l.cnder with nny materlul infarmntion) in connection with the lnan evidenccJ by the Nate.including,but nat limitod
<br /> ' °�.• ,. ta.represent�tions concernin�&irrawer's�xcupuncy��f the Pmperty as u principul rcsiJencc. If thiw Sccurity Instrument is;on a
<br /> �:.�,�«
<br /> s +C;; Icu.sehold, Bnrmvier shull camply with ull the prcwitiiuns of the Icutic. (f �Cmnwcr ucyuireti fcc; titic tc� the Propeny. the
<br />__ .�� ' teacehuld and the foe tiUc tihu�l not mergc unlesy I..cnder ag�ccs tc�thc mcrger in writing. _
<br /> _- 7. Protectimn of I.ende�•x Rightrt In the Propcety.if Sorri�wcr Fuiis ro perfcrrni thc covcnunu�und ugrecmcnts conwined in
<br /> .• this Securlty instrument, or there ir; u Iegal pmcecding thut muy siBnificantly affctit l.ender's right�; in the Pmperty(such t�a _
<br /> procceding in bankruptcy,prabate, tiu rorniemnutiim ur forfeiture ar ta enforce laws or rcgulutionti),then Lender may do and -
<br /> �� ' " pay for whatever is rtecesscuy to protect thc vulue af the Property und Lender's rights in thc Property. l.ender's actions may �-
<br /> include paying any suma secured by u licn whirh has priority over this Secur�ty lnstrument, appearing in court, paying
<br /> �; �� _ � reasonable uttomeys' fees nnd entering on the Pmperty to make repairs. Although Lender m3y take action under this paragraph ���
<br /> " � . -.. , 7, Lender does not have to do so. �.4�
<br /> r.:?-•.:`�.:�°oJ;: L.�,
<br /> .�:,��, Any amounts disbursed by Lender under this parn�raph 7 shall become additianul debi of Borrower secured by this ��T
<br /> . �t�:,^���•:" Secur�ty Instniment. Unless Borrower and Lcnder agree to other terms of puyment, these amounts shell bear interest from the
<br /> • `�-,;?��,�•' ��'•� � date of disbursement at the Note rate and shall be payable, with interest. upon notice from Lender to Borrower rcquesting �;:�
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<br />_ ••�:�:; _''�. puyment. i�`�:...
<br /> ���. `,::=,`_'` - 8. Mortge�;e Insurance.if Lender required mortguge insurance as a condition of mnki�g the loan secured by this Secudty 3`�;
<br /> ' ';4"'x:;: �� ' Instrument. Borrawer shatl pay the premiums required to maintain the mortgage insurunce in effect. If, for any reason. the r•*%
<br /> ' t�' ;. � „ mortga�e insurance coverage required by Lender lapses ur ceascs to be in effect. Borrower shall pay the premiums required to .
<br /> �`'• obtain coverage substantially equivalent to the mnrt�age insurnnce previously in effect, at a cost substantiuliy equivalent to the ,
<br /> '` �'" "` cost to Borrower of the mortgage insurunce previously in effect, from an alternate mortgage insurer appmvod by Lender. [f �'
<br /> ��`w t .
<br /> ;':.'. ' " � substantially equivalent mortga�e in �rancc coveragc is not:svailable, Bormwer shall pay to Lender each month a sum equal ta n•
<br /> � ' one-twelfth of the yearly mortsage insurance pmmium bein�paid by Borrower when the insurance coverage lapsed or ceased to '
<br /> ; �• • be in effixt. Leitder�viii accept, use and retain these payments as a loss rcservc in {icu uf mortguge insurunre. Lotis reserve
<br /> � Form 3028 9180
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