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<br /> S. HprAr[1 or 6�roperty I�.�us�uicc. Rurruwer s1�al! keep the impr�vcmt:�s nnw existing or h�reafter esectal on the
<br /> Property insurcd a�ainst Inss by firc. hn��rdq buluded witliin tiic tcriu "cxtcndcsl covcrngc" ctnd ns►y�titcr ha?;��:1�. i�Klndin� �
<br /> QcHxls or floadinb. f�r tivhich l.cttdee r�yuites Insuranee.This insurnnec aha91 be mulntainc.ei ir�ti�e auin�ints cmA fk�r tlt�;Qeri�ls
<br /> tha: l.cndcr rcquires. 'fhc�nsuranca cnrricr provlding ek�e in�urance sh;all be cho.sctl b�F�rrower subJect lo [�enttet'!t u(�mv�l
<br /> �vhich st�all nat tsc unrcasanubly wtthhcld. if B�rraw•c�•fAi[s ta maintuin caYerag�Ar�crlhcd abovc, ].cnder nwy.at l,cndcr'R
<br /> aptiun.abtqin covernge to protect Lender•s rlghts i�n thc Prnpeny In uccardunco with purA�ruph 7.
<br /> All Insurcmre polielos und renewnla fihnll t►c nacptable ta L.ender and shnp include a scandard mortguge ct�u�.ixnder
<br /> ehati hnve thc ri�ht to hold the policics nnd rcrawais.it'i.ender rcquires.t�arower sh:clt prumptly bive tu Ixixlee H!1►r.x�iwa uf
<br /> Qaid pmmiums nnd renawal noticcs.In thc ovcnt of loss.Barrnwer shall giN�prompt nwice to the insuranco�larrfer rnd Lender.
<br /> l.ezider may makc proof oP loss if nuc mude pramptty by &�rrowcr.
<br /> Unlcss l.ender und Barrowcr otherwls�s agree in writing,insurancc proccods shalt be nyplicd to restorntion or repair of if�e
<br /> Prapeny damagerl.if tho restorntion or repair la Ccanorcr►iaslly fcasible nnd L.cnder'a� secutlty ia not lesscncd.If the rescandon or
<br /> repair is not economicnlly feasible or Lcnder'K Fecurity wauld bc lessened, the insumtxe proceeds shall be appli0ci ta ttc sums
<br /> �secured by this Security Instrument. whether ur nat then due. whh uny excess paid to Borrower. If&�rrowcr at�tidoux t1�
<br /> Property.or does nat nnswer whhin 30 days a notice from Lender thut the insurana car�ier has offered to settle a claim, then
<br /> Lender mny collect the insur,tnce proceeds. Lender may use the proceeds ta repair or restore the Property or to pay sums
<br /> securcd by this Security Instrument,K•"�sher c►r nat thcn due.Thc 3Q-day pertod will begin when the notIce is Siven.
<br /> Unless Lertder uad Borrawer cv'.herwise ngree ln writins. uny application of proceeds to principal shnll not extcnd or
<br /> postpone the due dute of the monthly pAyments refen+ect to in paragraphs I and 2 or change the amount of the payrnents. If
<br /> under paragrnph 21 th�!'raperty is ucquimd by Lender, Borrower's d�ht to nny insumnce policies und proc�eeds resutting froin
<br /> damagc to thc C'roperty��iar to tha acqu3sittan shull{ws�tu Lender to th�extem of thc sums scxured by this Securety Insuucs►ea!
<br /> immediately pdor to the aoqufsitIon.
<br /> 6.Occupancy,�reservation,Maintenance and Protectton of the Property;Bore+uwer's Loan App�ication;Y.mseholds.
<br /> Borrower shall occupy,establish.and use the Property�.c Barrower's princtpal residence within sixty days efter the execudon af
<br /> this Secudty Instrument and shsall conrinue to occupy the Property as BorroH�er's prirtcipAl residence for at least one year a8er
<br /> the date of occupancy,unless Lender ntherwlse agnxs in writIng.whtch rnnsent shall not be unneasonably withheld.ar uniess
<br /> extenuatins circumstances exist which are beyored Horrower's canirol. Borrower shall not destroy. damage or impair the
<br /> Property. alluw the Property to deterlorate. or�ommit waste on the Pmperty. Botrower shall be in default tf any forfeiture
<br /> �.,�;,:, actfon or proceeding.whether civil or cr�minal, is begun that in Lender's�ood faith judgment could result in forfeittueof the
<br /> :''a"� Property or othenvtse materlally impair the lien crented by this Securiry Instrument or I.ender's s�urity interest.Bonower may
<br /> � :ure such a deFault and reinstate.as pmvided in�aragraph 18.by causing the action or proceeding to be dismissed with a ruling
<br /> that, in Lender's good faith determination. precludes forfeiture of thc Borrower's intemst in the Property or other maSerlal
<br /> impairment of die lien created by this Securiry Inst�ument or [.ender's secudry Interest. Bormwer shall also be in defauit if
<br /> � �`�;," Borrower.durin�the loan applicadon pracess.gave mater�ally fulse or inaccurnte information or statements to Lender(ar fajled
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<br /> ' �R��,r�'��' to provjde Lender with ru►y material information)in connection with the loan evidencod by the Note,including,but not limited
<br /> ?, . to. representations concerning Burrower's occupancy of the Property as a principat residence. If this Securfty Instrument is on a
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<br /> �;� ,� leasehold, Bomower shall wmply with afl the provisions of thc lease. If Horruwer acquires fee tltte to the Property. the
<br /> leasehold and the fee title shall not merge unless Lender agrees to the merger{n writing.
<br /> G��,;,`'" 7.Protection of i.ender's Ri�hts in the Pi+opesty.If Borrower fu�ls to gerform the coveponts und agreen�ents contained tn
<br /> - �; . this Scxurity Instrument,or there is a le�al proceeding that may si�niFcantly affect Lendar's dghts in the Properry (such av 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 is rtacessary to protect the vnlue of the Property and Le�der's rights in the Property. i.ender's sctions may
<br /> include paytng any sums secured by a lien which has priarity u�er thts Security Instrument. appearing in court.paying
<br /> � � mssonable attomeys'fees and entering on the Property to make repairs. Although Lendcr muy take action under this paragraph
<br /> _ 7,L.ender does not have to do so.
<br /> ' �'�''�=t'�'�� " An amounts disbursed b Lender under this ara ra h 7 shall become additional debt of Borrower secured b this
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<br /> . �a�:.��;�; Secndty Instrument. Unless Borrower and Lender agree to other terms of payment,these nmounts shall bear interest from the
<br /> r��;���;, date of disbursement at the Note rate and sball be payable, with interest, upon notice from Lendor to Borrowcr requesting �-
<br /> "�� ' payment.
<br /> �=':`=F 8.Murtgage Insurance.If Lender required mortgage insurunce�u u condition of making the laan secured by this Secu�ity �"
<br /> instrument, Borrower shall pay the premiums required to maintain the mortgage insarunce in effect. If, for nny re.s�son. the •`����
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<br /> z�. • ., mortgage insurance covera�e required by I.ender lapses or ceases to be in effect, Borrower sha11 pay the premiums reqaiced to
<br /> �:���. , obtain coverage substantialiy equivalent to the mongnge insurance previously in effect,at a cost substantinlly equivalent to the
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<br /> •;,,.,.. . wst to Borrower of the mort�age insurance previously in effect, from an altematc rnortgnge insurer approved by Lender. if
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<br /> �' substantially equivalent mortgage insurance coverage is not available,Borrower shnll pay to L.ender each month a sum oqual to
<br /> - '� , one-twelfth of the yearly mortgage insurance premium being puid by Borrower when the insurance coverage lapsed or ccased to "
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<br /> be in effect. Lender will accept, use and retain these payments us a loss mserve in lien of mon�age insurance. Loss mserve
<br /> , Fo�m 3�28 9190
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