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<br /> S. 1�ex�ted or Prapes�iy lresurance. Bnrrawcr shnll keep thc improvemcnts i�w e�ti�ng�o 1���ld'!�d on the
<br /> 1�u}xrty insurcd nbninst lass ksy firc, hnrards inciudcd wit6in tl�c term"extended covcr.r�c" ancl r,ny athcr h:v.nrdw�includimg
<br /> flor+ds c�r flaacling,fi�r whish Lendcr rcc�uircg insurnucc. 'fhis insurance khal!hc in.�intuincd in thc amc►unts and far thc�ertcxlg
<br /> �I�at l.cnder rcquirrs. The insurnn�e rsrrfer ptovfding the insurunce slwll be choscn by Borcuwcr subjccl ta [.cndcr's appeovn!
<br /> which sliall nm be um•e:►sunably withhcid. jf 8arrawcr fidls to uiaintaln.rnverage cle�rribed ubave. I.ender muy. at l.eixier's
<br /> option,abtain cuverpge to protect I.cndcr's dgNtx in tl�e Property in ucrardunce with parugraph 7.
<br /> All in�uranee paticies nnd renewulc+ ahal! be urce�tuble ta Londer und ahaii include a gtarxlarQ martgage etanse. li.ender
<br /> rhull huvo the ribht ta troid ttte�x�lic(es tt��el re�iewuln. If i.�:ndcr rcyuiebs,I3orra�•fer sriall promptly give ro I.r.ti�r.r s�ll receiptg nf
<br /> paid premlun�.g and renewAl noticey.In the evcr+t c�f loss.Borrower ehull give p�ompt nat��e ta the ia4urunca car�ier und Lender.
<br /> l.cnder n�ay makc proof of loss if�vot madc promptly hy 8arrawcr.
<br /> Unlcwg l.ender nnd Borrawcr othenvisc ugrce in wrlting. insurance proceeds shali be applic�to restaratton or c�pair of the
<br /> Property damaged.if thE restorniion ar repuir is cranamicully fcac+ihle and I.ender'ti saurity is not le.gsened.If the restorntion or
<br /> repuir is not economicai{y feasible or Lender's security would be lessened,the insurance proceeda shall be upplied to the sums
<br /> Eecurc� by this Sccurity instrument. wlieUiec or nat then due, with any exc�as p�td to Bono+vPr. If Bnrrower abAndons the
<br /> Pr�peny.ar doea not unswer within 30 dnys n natice from Lender thut the insurnnce car�ler has offered to settle a cla�m.then
<br /> l.e�nder muy cnllect the insur�nce praceeds. IxndEr may use the procee@s to repai�ar restore the Pmperty or to puy sums
<br /> securat by this Security Instrument,whether ar not then due.The 30-day perlai will begin when the natice iR given.
<br /> Unless I.ender und Borrawer otherwise agree in wrlting, any appltration of prosceda to principal shall not cxtend or
<br /> pastporte the due dute af thc monthly payments iefeired to in paru�rnphs I and 2 or chnnge the umount of thc payments. If
<br /> under pamgrnph 2l the Property is acguired by Lender, Horrower's right to any insururtc:e paHcies and proceeds resulting from
<br /> damage to the Propetty prior to the acquisition shall pass to Lender to the extent af the sums secur+ed by this Security Instrnment
<br /> immediatcly prior to the acquisitfon.
<br /> 6.Occupancy.Pceservation, Malntenance and Protection of the Property;Borro�ver's l.oan Applicadon; Leaaehodd9.
<br /> iBa�rower shall accupy,establish,dttd use the Pry�perty as Borrower'�pdncipal residenx within sixry days nftcr tfie execution of
<br /> � this Securiry Instrument and shull continue ta nccupy the Property as Borrower's pr�ncipal residence for at least one year after
<br /> the dnte oY occupuney.unless Lender otherwise a�rees in writing. which consent shall not be unreASO»ably withheld,or unless
<br /> extenuating ctrcumstances cxist which are beyond Horrower's cnntral. Borcower shall not destroy, damage or impuir the
<br /> Pr4perty, ullow thc Praperty to deterlornte, or commit waste on the Property. Borrower shall be in defuult li any forfeituve
<br /> uccion or prace�xiing, whether civil or criminal. is begun that in Lxnder's goud faith judgment could result in forfe{ture of the
<br /> Property or othenvisa materially impafr the lien created by this 3ecurtty Instrument or Lender's secur�ty interest.Borrower may
<br /> cure ruch a defnult und reinsGtte,As provided in paragraph 18, by causing the action or proceeding to be dismissed wlth a ntling
<br /> that,in LendePs good faith determinati�n, precludes fattelturc of thc Bortower's in[emsc in ii�r Fruperty ur utiter ri�tcit�l
<br /> impairment of the lien created by this Security Instrument or Lxnder's security interest. Borrower shell also be in default if
<br /> �``�:'� Bo�rower,dudng the loan appHcation pracess.�ave materiallv false or inaccurate infarmation or statements to Lender(or failed
<br /> � +. ' to provide Lender with any material Informatlon)in connection with ttie loan evidenced by the Note.includin�,but not limited
<br /> �'�E�,., to. repmsentations concerning Borrower's accupancy of the Propeny usa principal residence. If this Security Instrument is on a
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<br /> �;��•�:�r•� lease ho l d. B onower s h u l l comp ly w i t h n l l t he p ro v i s i o n s o f t h e l e a s e. I f B o r r o w e r a c q u i re s f e e t i t l e t o t h e P r o p e rt y, t h e
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<br /> leasehold and the fec title shall not merge unless L.endcr agrees to the mcr�er in writ[ng.
<br /> -,�i���:�.." 7. Protection of I.ender's ltights in the Property.If Borrower fnils to perform�he covcnants and a�reements contained in
<br /> ,o-;. .. . .
<br /> this Secudty Instrument, or there is a legal proceeding that muy significandy affect Lender's rights in the Property(such as a
<br /> '�i�` procee�ing in bankruptcy.probate, for condemnation or forfeiture or to enforce luws or regulations), then L.ender may do and
<br /> . '�' ��� �• pay for whatever is necessary to protect the vutue of the Property and Lender's ri�hts in the Property. Lender's actions may
<br /> lnclude paying any sums secumd by a lien which ha5 prIerity over this Security instnrment, appearing in court, paying
<br /> , t ':_,.�rx-.,n ' reasonable attomeys' fees and entedng on the Property to mnke repairs.Although I.ender may tuke uction under this paragraph
<br /> 7, Lender dces not have to do so.
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<br /> ;�a����L.�'•��`�;�.��:_ _ Any emounts disbursed by I.ender under this parngraph 7 shatl become additional debt of Borrower secured by this
<br /> ���,;�,;y.'�'�� . Secur{ty instrument. Unless Borrower and i.ender agree to other terms of payment.these umaunts sh�ll bear interest from the
<br /> '��;�`'..`�� � date of disbursement at the Note rate and shall be payable, with interest, upon notice from L.ender to Borrower requesting
<br /> �;:c: .` .n,... . Payment. �'.
<br /> • S. Mortgage Insurance. If L.ender required mortgage insurance as a condition of making the loan secured by this Security
<br /> ;� .�:t,.;�„r� InstNment, Borcower shall pay the premiums required to maintuin the mongage insurance in effect. If, for any mason, the
<br /> ,. mortgage insurunce rnverage required by L,ender lapses or ceases to be in effect,Borrower shall pay the prenuums required to .
<br /> ��' "� obtain coverage substantiaily equivalent to the mortgage insurance previousiy in effect, at u cost subswntially equivalent to the �
<br /> �����°' •: cost to Borrower of the mortgage insurance previously in effect. frc�m an alternate mortgage insurer upproved by L.ender. If
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<br /> substw�tially equivalent mortgage in�urance covera�e is not available. Borrower shull pay to Lender each month a sum equal to
<br /> ' . . ' one•twelRh of the yeurly mort�age insurance premium being paid by Borrower when the insurance covernge lapsai or ceused to
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<br /> ' � be in effect. I.ender will accept.use and retain rhese»ayments as a loss reserve in tieu of mortgage insurance. Loss reserve
<br /> Form 3028 9/80
<br /> Pago 3 010
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