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<br /> S. Hs►zArd or Property Inwrance. Borrowcr shull kce�the tmpruvcire�r��a now existing ar here:sRer em:tod on the
<br /> Peoperty li2swed agui�zst luss by �rQ, i�u�.��'�19 includcd witliin tlic tcrm "exe��idai eavcrog�" nnd uny ot!�cr hNn�rtl9, including
<br /> tlaxls ar fi»nding. far whtch l.ender rcquires{ntiuruuc.This insurunce shall bc main�uined la tho umounts and for thc periactw
<br /> that I.end�r roquires.'[ba insar�nce carder provlding the insucance shall be chasen by Borrower subjsct to i.�ender's approval
<br /> wh9ci� Ri►all aat bie unreusonably withheld. If Rorcawer fuila to maintain.coverage descdbsrd ahove, I.ender rnay. at l.e�rMer's
<br /> aptinn,obt�in cove�g�to ptntoct I,encler's rlghu in the Property in accord�nce aith peragtaph 7.
<br /> All in`uro,nce p�nlictes und renew�is shall 6e ac�eptable to Lender and shal!Include u atandard mortgage clauae. I.ender
<br /> ahall have the dghe to hold the polieio�ur►�renewests. IY S.endar roquires,�arrc�wer r�hall pronipdy give to Lcaulex att r� �pts af
<br /> p�ld pnmtums and renowal noticag.In the event aY loss,Aorrower shall gfve prompt notica to the Insurance carrier and Lender.
<br /> Lender may make praot of loss�f not made promptly by Banower. '
<br /> Unleas Lender and Borrower athervrise ogree in wdting. lnsurar►ce procxalx shall be upplied to restoration or repair of the
<br /> Prapeny damaged. if the restomtion or rcpalr is economically feasible artd Lendcr's secvrlty is not lessened.If tha restaration or
<br /> apair is not economically feasible or Lender's security would be lessened,the lasuraace pmoeeds ahall be applied to the sums
<br /> se�urc�d by tbis Securiry Inst�ument, whether ot not then due,with any eacass paid tu 8oecower. If Borrowcr abandons the
<br /> Property.ar does �at unswer within 30 duys u notice from Lender thuc the insunuice carrier has offcmd to settle a claim,then
<br /> Lender may collect the insurance p�roceeils. I.ender may use the proceeds to repair or restore the Property or to pay sums
<br /> secue+ed by this Secudty Instrument,whether or not then due.Thc 30-day periad will begin when the nodce is given.
<br /> Unless Lender tind Sarrower otherwise agt+ee in wridrtg, any application of procee�s to principal shall not extend or
<br /> postpone the due date of the moathly payments referred to in paragraphs 1 and 2 or change the amoiutt of the payments. If
<br /> uader paragraph 2 L the Property is acquired by Lender.Bomower's right to any insurance policies and prncee�a msuldng from
<br /> damage to the Property prior to the ucquistiion sfiull pass to Lender ro the extent of the sn►ns secured by this Security Instrument
<br /> immediately pdor to thc acquisition.
<br /> 6.Occupancy,Presetvatton,Ma[ntPnance and Pmtectton of the Propei°ty;Borrower's Loaa Applicatlon;Leaceholds•
<br /> Borrowcr shaU occupy,establish.and use the Property us Horrower's pr�ncipal res3dence within sixty days after the eaecudon of
<br /> Wis Security Instcument nnd shal!contlnue to occupy the Property as Borrower's principal residence for at least one year after
<br /> the date of occupsutcy.unless Lender atherwise agrees in writing. which wnsent shall not be unreasonably withheld,or untess
<br /> extenuating circumstances exist which are beyo�d Borrowe,r's contral. Borrower shall not destcny. damage or [mpair the
<br /> Property. �llow the property to deteriorate.or cammit waste on the I'roperty. Borrower shall be in default If any forfeiture
<br /> nction or procceding, whether civil or criminal,is besun that in I.ender's gaod faith Judgment wuld resutt in forfeiture of the
<br /> Property or atherwise mnterlally impair the lien created by this Security Instrument or Lender's secur�ty interest Bo�rower may
<br /> cure such a def�sult und teinstate.ab provided in para�raph 18.by causing the acdon or proceeding to be dismissed with a euling
<br /> that, in Lender's gaod Faith determinadon. precludes forfeiture of the Borrower's interest•in the Property or ott�er materiut
<br /> impairment of the lien created by this Security Instrument or Lender's serurity interest. Borrower shall also be in default if
<br /> Bortower.during ttie loan application process,gaae mater�ally felse or Inaccurate infom�ation or statements to Lender(or fajled
<br /> to provide Lender with any mater�al information)in connectton wtth the loan evidenced by the Note,including,but not timited
<br /> to.representations concernin�Borrower's occupancy of the Property as n principal msidence.If this Security Instcument is on a
<br /> leasehotd. Borrower shall comply with ail the pmvisions of the lease. If Borrower acquires fec title ta the Property. the
<br /> leusehold and the fee title shall not rt�erge unless Lender agrees to the mcrger in writing.
<br /> 7.Protectian of I.euder's Rights tn the Property.If Horrower fails to perform the covenunts and agreements contained jn
<br /> thfs Serurlty lnstrument,or there is a le�al proceedMg that muy significantly affect Lender's rights In the Property(such es u
<br /> proceeding in bankruptcy.probate,for condemnation or foi�feiture or to enforcc luws ar resulations>. then Lender may do and
<br /> pay for whatever is ne�xssary to protect the value of the Property and Lender's rI$hts in the Property. I.ender's actions may
<br /> include paying any sums secured by a iien which has priority over this Security Instrument. appearing !n court. paying
<br /> ceasonable attameys' fees end entering on the Property to make r+epairs.Although I.ender may take action under this patagraph
<br /> 7.Lender dcea not have to do so.
<br /> Any amounts disbutsc.d by Lertder under this paragraph 7 shal! become addltional debt of Borrower secured by this
<br /> Secnrity Tnstrument. Unless•Barrower and Lender ugree to othcr tcrms of payment.these umounts shull bear interest fmm the
<br /> date of disbursement at the Note rate and shall be payable. with interest, upon notice from Lender to Borcower requesting
<br /> payment.
<br /> 8.Moetgage Insurance.If I.ender required mortgagc insurance as u condition of making the loan secured by this Security
<br /> Instrument, Bomower shall pay the premiums required to malntain the mort�nge insurance tn effect. If. for ciny reason. the
<br /> mortgage insurance covera�e requic� by Lender lepses or ceasc.s to be in effect,Borrower shall pay the premiums requinec!to
<br /> obtain coverage substandally equivalent to the mortgage insurance previously in effect.at a cost substandelly equlvalent to the
<br /> cost to Borrower of the mortgage irtsurance previously in effect.from an altemate mortgage insurer upproved by L,ertder. If
<br /> substant�ally equivalent moRga�e insurarice covernga is not avatlable,Borrower shull pay t�I.ender each month a sum eyual to
<br /> one-hvelfth of the yearly mortgage insuractce premium being paic�by Borrower when tho insurance coverage lapsed or ceased to
<br /> be in effect.Lender will�ooept.use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reservc �;
<br /> Form 8028 9I80 ,
<br /> Page 3 of 8 r,�;a;'
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