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<br /> �.N�urd ar Pimp:�dy I��snrae�ce. BarrAwcr siwll kcep thc improvcmcnts rcow ��ti�f n� an c�renfter erertecl an thc
<br /> - � PPOp.�tp i�oaurcd ciBuinvt lo�;s by Grc. hi►r��rdw i�n;luQcd wilhin thc tcrm"cxtcnded cuvcrngc" and iu�y otltce huards, i�icl�idinII
<br /> �: . •. Il�u�dti nr I�acxlin�,fnr which 1.cndcr reyuires insunmrc. 7'his lnsuruncc shall bc muintui�ed in th�wm�unte nnJ fox thc pertods
<br /> Ihut I.c�ler rcyuires. Tltc insumnce carrier pruvidin�thc insurnncc Rhuil bc chnsen by Honuwcr wbjest to Lender's nppmval
<br /> which �hall ciot tee unrenumahly withheld. If Burrnwcr fuily i�� nmintaln coveruge describcA utx�ve, I.ender tn�y. at Ipndcr'x
<br /> aptinn.oht:►in r�wcru�c to pmtect I.cndcP•a right�in�hc Pnipchy in arcerdnncc with pnrAgrnph 7.
<br /> All in�urunce p�►liciex cmd renewnfs tihall be acceptable ta l.ender und�hnll includc a Ftnndard mangage clause. l.endtr
<br /> h{�u{I l�ave ti�e ri�lu tu huid�ite}x�llci��uml rcncwcds. IP I.�:�nlcr rcyuincw,�3arrvwcr�hull pr�mpdy gire tu l.etxlrr ull r�x.�iptx uf
<br /> pnid premfums und renewul natices.In the event of los�,Bnrcawer xhull give ptampt nutiee to the iiuurnnce carrier and L.ender.
<br /> I.cnJcr m;�y mukr pruof'nf lus�if nat m:idc pramptly by Hanowcr.
<br /> Unlcss Lendcr and Borrowcr othenvis�ag�+ce in weiting,i�surunca pr�xr.eda shult be appliod to�+c�;torutian or rcpu�r of the
<br /> P�apevty dumaged,if the restumtiim nr rcpair is ccanamicully fcusible and I.ender'��ecurlty ia tx►t iessened.If the rest�rat(on or
<br /> rep.►ir Is n��t ecunumically feasible eir I.ender'x securIry wuuld be Ics�;ened.the insurnnce proceeds shnll be npplial to ths sums
<br /> +�1ur��.1 by tliis S�tiurity insirumcnt, whcther ur nat then due. with amy cacess paid ta Bar�w�:.if Borrower abandons the
<br /> Pmpe�Yy,or docs nc►t answer withis►30 days a aotire from l.ende�that the insumnce currier ha4 affered ta rettl�a cluim.then
<br /> l.ender msy mllcrt thc insumnce proceeds. L.endcr mny use thc prc�ceMis ta repair ar restare the Property ar to pay sums
<br /> tiecu�cd by thls Securlty Instrument,whcthcr or nat then duc.The iQ-day pedod will bcgln when the notice is given.
<br /> Unles�Lendcr und 8armwer othenvise ugrcr in writin�. at�y applicatian af pmcoals ro �dncipal shnll not estend or
<br /> pnstponc tho due dute of the mnnthly payments rcferred to in paragraphs 1 und 2 or chnnge the a�rtount of the payments. If
<br /> under pamgraph 2t the Pmpeny is ncquired by Lender,Borrower's right ta any fnsurance polici�and peaceeda tesultiag fmm
<br /> dnmz�ge to the Property prior to the ucquisition shuli pass to Lender to the exrent of th�Fums securr�d by this Secnr�ty Instruaxnt
<br /> ' ' immalietely priar to thc acquisition.
<br /> ., � '�^'' `�^.'^�;�; 6. Ocrnpun�:y,Preservution.Mafntenanm und Prot�cticn ot the Property;Borrower•x Loan Applicnttoni LRaseholdq.
<br /> � �� Borrower shall occupp,establish.and usc the Praperty as Bormwer's pdncfpal resfdence within six,ry duys nfter tl�e executIan of
<br /> ,.�,�,-�;��tl�<<.,, ���: this Securicy Instrument and shatl rnntinue to accupy the Propeny as Borrawer's principal residence for at least one year after
<br /> �>�jr;� �.`�•�� the date of nccupnncy,untess Lender othenvise ugr�s in wciting,which consent shsill rtot be unr�ea.sonably wtthheld,or unl�s
<br /> <+ � • �, extenuadng circumstunc� exist whtch am beyond Bonower's cuntraL Borrower shall not destroy. damsige or lmpatr the
<br /> • � dam
<br /> '�''y'"j'��'"' Property,allow the Property to deteriurate, or cammit waatc on the Property. Borrower shull be in default if nny forfelture
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<br /> �?�r���,;y�,;;�':��n�'. artiun or proceeding. whether civil or crimin�l. is begun thut in[.endei s good faith judgment could result in fodeiture of the
<br /> ,,�`1d,:r.;'s`"•:^�°;:l'� pr+operty or otheewlse muteriatly impair the Ilen crruted by this Security Tnstrument a�Lendcr's security interest.Borrower may
<br /> ,r.�. .
<br /> `•-' - � • cure such a default and reinstate,as pmvided in par.�graph 18,by causing the uction or proceedin� to be dismissed with a ruling
<br /> '�����}��, � �i;�•: that, in Lender's good faith detcrmination. preciudes forfeiture of the Borrowet's interest in tlte Praperty or ather material
<br /> ;, �" � " � " impairment of the lien created by this Security Instrument or Lender's security intemst. Borrower shall also be in default if
<br /> ,;�, ' '� � Bor�wer,durin�the loan application proc�s,gave materialty false or inaccurute information ar statements to I.ender(or failed
<br /> �"' � to provide [.ender with any ms►terial information)in connection with the loan evidenced by the Note,including.but not limited
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<br /> ;.*.�� � �� ? "• to.repraentetions concernin�Borrower's ciccupancy of the Property 3s u principal residence. If th is Security instrament is on a
<br /> .. IeasehQld, �orrower shuil comply with all the provlslons uf the lease. If Barrower acquires fee title to the Pcoperty. the
<br /> .,'�s,, .;: : . .�G„,f leasehoW nnd the fee title shaq not merse untess L.ertder agrces to the merser in writing.
<br /> . . ��. ,:_..' 7.P�otection of I.ender's Rights M the Pruperty.If Borcower fails to perform the covenants und agreements contained in
<br /> �•.-�� ->" •��r+aw� this Security[nstniment, or there is a legal proceeding that may significantly affect [.ender's righu in the Property Isuch as a
<br /> ��=;; `; . '"�. . praceeding in bankruptcy.probate, for condemnation or forfeiture or to enforce laws or regulations), then Lender may do and
<br /> �`� "' . ;� pay for whatever is necessary to protect the vnlue of the Property ared Lender's ri�h�c in the Property. L.ertder's acdons may
<br /> :�.-:'':='"'`�.;F_"..`, fnclude in an su
<br /> ��,;,�.,,�,�..,..,. pay g y , ms secured by a lien which h•rs priority ovet this Security Instniment. uppearins in oourt. paying
<br /> _,.. �„ �-. •.��-. r�easonable attomeys' fees and enterin�on the Property to malce repa�rs.Although Lender may take action under this pa�agraph
<br /> �,•-�� »- ^yn 7. I,ender does not have to do so.
<br /> , Any amounu dlsbursed by I.ender under this para�mph 7 shall become additional debt of Borrower sec�red by this
<br /> •.�- Security Insdument. Unless Borruwer and Lender agcee to other terms of payment, these amounts shatl bear interest from the
<br /> " date of disbursement at the Note rate and shall b� payable. with interest, upon notic�e from I.ender to Borrower requesting
<br /> paymern.
<br /> '� ze•• ;, 8.11lortgage Insarartce.If I.endor required mortgage ins�rance as a rondition of makiag the (aan secured by this Security
<br /> �...• ,
<br /> , � � Instrument, Borrower shall pay the premtums required to maintain the rnortgage i�surance in effect. If, for any reason,the -
<br /> ''•`� mort a e insursnce covera e uired b Lender la ses or ceases to be in effect.Horrower shall
<br /> ,- " s S � �q y p pay the premiums required to •
<br /> air"� � obtain mverage subscantially equivalent to the mortgage insurance previously i�effect,at a rost substantiaUy equivatent to the
<br /> •� ".� cost to Borrower of the mortgage insurance previously in effect, from an alternute mortgage insurer approved by L.ender. If
<br /> �' substantially equivalent mortgage insurance rnverag�is not avuilable, Borrower shall pay to Lender each month a sum equal to
<br /> �� oRe-twelfth of the yearly mortgage insurance premium being paid by l3orrower when the insurance covera�e lapsed or ceased to .
<br /> be in eftect. Lender will acoept,use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> �� Form 3028 8180
<br /> � - Popo 3 018
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