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<br /> �. Huard op Property I�sntnnce. Rorrower ahnll keep the improvements naw o�c3sti�����er��or. sk�
<br /> Property insored ngt►inst lass by Tin:,htunrds incl�dut�vlthin the tcrm "cxtendcd cnvem�e"nnd nny other hnznrda,incladin�
<br /> Raxia ar tlapding.for which Lcndcr requtreg ins�rance. This ins�rancc�hall be muintained in thc antounts nnd for ttu:periods
<br /> that i.ender reyuir�. Tbe ia9urunc�currier pioviding the in�urunce shall be chosen by 8orrower sub)est to Lendcr's appraval
<br /> whtch sfiaN not bo uner�sonubty withheld. If Borrower fuils to muinud�oaveraga described ab��e: ����y. at 1�nder'�
<br /> option,ubwin caverage to prateEt l.znder'A dghts in the Praperty in accordanco with purngxaph 7.
<br /> All insurunco palicies and mnewnis shup be nccaeptnble ta Lender and shull jnclude a etend�ud mortgngc clnusa i.ender
<br /> stwll 1�avc thc eiglu to Itoid tl�c paliclrs and rettet�als. If[.ender requires. Aonotver shali pramptly give ta Lender nll mcciptv o�
<br /> paW premium.4 und renew�l nntices. Ie the event of loss,Barrower shali�ive prompt notice to the insurnnee carrier and I.ender.
<br /> L.ender muy mnke pmof of los,g if not madc pmmplly by H.�nower.
<br /> Unle�a i.ender and Aorrower atherwixe agree in writin�.insurunce proceeds shalt be applied to r+estoration or�epair of thcs
<br /> Properry damaged.if the restorat}on at repair ia economIcully feasible nnd Lender's securlty is not lessened.if the restoratlon ar
<br /> repair is not ecanamically fcasible or L.ender's secutity would be lessened,the insurance proceEds shall be applie�to the aums
<br /> securcd by this Sccurity I�strument.whether or not thea due. wfth any excxss pa�d to Borrower. If Borrow,er abandops the
<br /> Property. or does not answer wlthin 30 days a notice from Lender that the insurance currier has offered to settle a c1uIm, then
<br /> Lender may collect the insurattce procee�s. l.ender may use the proceeds ta repair or resWre the Property or to pay sums
<br /> secured by this Secudty Instrument. whether ar not then dua.The 30-duy period will begin when�he notice is given.
<br /> Unless Lender and Borrower otherwise agree in wdting, any application of proceEds to principal shall not extend or
<br /> pc►stpone the due date of the montUly payments referred to in paragrapha 1 and 2 or change the amount of the paymeats. If
<br /> under paragraph 2t the Property is aoquired by Lender,Borrower's dght to any insumnce poltcies and proceeds resulttng from
<br /> cl�m�e to the Property prior to the acquisitian shall pass to l.ender to the extent of the sums secured by this Security Insuument
<br /> immediately prlor to the acquisition.
<br /> 6.Occupancy,Preservadon,Maintenance and Protectton of the Praperty;Bormwer's Loan AppUcatian;Leaseholds.
<br /> Sorrower shuU occupy,establieh.a�td use the Property as Borrawer's principal residence within sixry days after the execution of
<br /> this Securiry Instrument and shall candnue to occupy the Property as Borrower's pr�ncipal restdence for at least one year after
<br /> the date of accupancy.unless[.ender otherwise ugrees in writing,which rnnsent shall not be unreasonably withheld,or unless
<br /> extenunting clrcumstunces exist which ure beyond Borrower's control. Barrower shall not destroy, dama�e or impair the
<br /> Property, allo�v the Property to detedorate, �r cammit waste on the Properry. Barrower shall be in default if any forfeiture
<br /> action or proceeding, whether civil ar criminal,is begun that jn Lender's good faith Jud�ment cauld result irt forfeiture of the
<br /> Property or otherwise materially impair the lien created by this Securtty Inst�vment or Lencler's security interest.Borrower may
<br /> �� cure such a default end reinst.ate.as provided in paragraph 18.by causing the action or procceding to be dfsmIssed with a rulin�
<br /> that. in Lender's good faith determination, ptecludes forFeiture of the Borrower's interest in the Property or o[her ma[erial
<br /> impairment of the lien created by this Security Instrument or L.ender's security lnterest. Bonower shal! alsa be in default if
<br /> �orrower.durfng the loan application process.gave rrwterially false or inaccurate informatian or statements to Lender(or fuiled
<br /> to provide Lender with eny materiul informatton) in connection wit6�the loan evidenced by the Note, includin�.but not 1lmitod
<br /> to,representations ooncerntng Borrower's occupanry of the Property as a pdncipal msidence.If this Security Insuument ls on a
<br /> leasehold. Borrower shall comply with all the provisions of the lease. If Borrower acquires fee tide to the Property. the
<br /> leasehold end the fee titfe shall not merge unless I.ender a�rees to the merger in writing.
<br /> 7.Protectton of I.ender's Atghts in the Proper4y.If Borrower fails to perfarm the covenanu and agreemenu contained In
<br /> thls Security Instrument, or there ls a legal procceding that may significantly affect Lender's rights in the Property(such as a
<br /> procee�ing in bankruptcy.probate, for condemnation or forfeiture or to enforce laws or regulations).then L.ender may do and
<br /> pay for whatever ts necessary to protect the v�lue of the Properry ond L.ender's rights in the Property. 1.ender's ucdons may
<br /> include paying �sny sums secure� by a lien which hes prtority over this Securiry Instrument. appearing In court. payin�
<br /> reasonnble uttomeys'fees end enteria�on the Property to make repuirs. Although Lender may take action under this paragraph
<br /> 7,Lender does not have to do so.
<br /> My amounts disbursed by Lender under this paragraph 7 shall bacome addltional debt of Borrower sccured by this
<br /> Secudry Instrument. Untess Borrower and Lender agree to other terms of payment, these amounts shall bear(nterest from the �fr •
<br /> date af disbursement at the Note rate and shall 6e paynble, with interest, upan nottce from Lender ta Borrower requestin� �;�
<br /> payment.
<br /> 8.Moetgage Iasurance.If Lender requimd mortgage insurance as a mndidon of makjng the loan secured by this Socudty �,��r�
<br /> Instrument, Borrower shall pay the premiums required to maiotain the mortgage tnsurar�ce in effect. It'. for any reasan. the -
<br /> mortgage insurnnce wverage required by Lender lapses or ccases to be in effect, Borrowar shall pay the premiums required to �.�>;
<br /> obtain coverage sabstantiaily equivalent to the martgage insucance previousty in effect,at a cost substandally equivalent to the
<br /> cost to Borrower of the mortgage iiuurance pr�viously in effect, from an alternate mortgage insurer upproved by I.ender. If
<br /> substantlully equivalent tnariga�e insurance cover�c,e is not availuble,Borrower shall pay to Lender each month a sum equal to .':S
<br /> one-twelfth of the yearly mortgage insurance prernium being paid by Barrower when the insurance coverage lapsed ar ceased to
<br /> be tn effect.Lender wilt eccept, use and retain these payme�ts as u loss reserve ln lieu of mortgage insurnnce. Loss reserve
<br /> Form 3028 9190
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