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<br /> ,. U @CG.�rl'"tiQbC� �n
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<br /> � • S. tinzard or �operty InSUrance. Bnrro�vcr shall kcep the improvcments now cxisting nr hereafter crcctcd on the ,,� '
<br /> ; . • i�mperty insureci against loss by fire, hi�irds included within the term "extended covc�age" nnd:�ny other l�acurJs, including
<br /> � floods or flooding, far wh�ch Lcnder reyuires insurancc. This insurancc shall be maintainecl in thc umounts und for the periods �`°
<br /> that Lcndcr rcyuires. Thc insurancc carricr provicling thc insurancc shuli bc choscn by Borr�wcr subjcct to Lcndcr's cipproval �_;;,
<br />"�' ' whicl� shall not bc unrea+o�iably withhcld. If Borrowcr fails to maintain r,ovcragc dcscribcd abovc, I.ender ma�, at C.endcr's �r►
<br /> option,obtain covcragc to prn[cct Lendcr's rights in thc Property in accnrdancc�vitl�par�graph 7. �••
<br /> :F ' "' All insurance palicies and rene�vuls shull be ncceptuble to Lender and shull inc(t►de a stanJard ntortgage clause. Lender --
<br /> '� , shall hnvc thc riglu to hold the policics and renewals. [f Lcndcr rcquires, Bnrrower shall promptly give to L,cndcr all receipts of �'-
<br /> . - �� paid premiums and rencwal notices. In thc event of loss, Borrowcr shaU givc prompt noticc to thc insurance carrier and L.ender. ��`
<br /> ., Lendcr may mnkc proof of loss if not madc prompNy by Borrowcr. �:;-
<br />- Unlcss L.cndcr and Borrower otherwisc agrcc in writing, insurance pracceds shall be applicd to restontion or repair of tttc _---
<br /> , • Property damagcd, if thc restoration or repair is economically fcasible and I.endcr's security is not lessened. Tf the restorntion or �'='�
<br /> repair is not economically feasible or I.ender's security wauld be Icssened, the insurance proceeds shall be upplied to the sums ---
<br /> � secured by this Security Instnimcnt, whcther or not thcn duc, widi any excess paid to Borrower. If Borrowcr abnndons the __.
<br /> Properry, or does not nnswer within 30 days n notice from I.endcr th�t the insurancc carricr has offercd to setdc a claim. then -
<br /> [..ender may callcct the insurance proceeds. L.endcr may use the procceds ro repair or restorc the Properiy or ta pay sums _:
<br /> r:. �` secured by this Security Instrument,whether or not then due.The 30-day period will begin when the notice is given.
<br /> Unless Lender and Borrower othenvise agrce in writin�, any applicadon of procceds to principul shull not extend or �e_
<br /> „ ' . postpane the duc date oi the mon[hly payments referred to in puragraphs 1 anJ 2 or rl�ungu ti�e amuunt uf tlie payroents. If -
<br /> x � . undcr paragraph 21 thc Property is acquired by i.ender, Burrower's right to uny insurance policies and proceeds resulting from
<br /> damagc w the Property prinr to thc acquisition shull pass to Lender to thc extcnt of the sums securul by this Sccurity Instrum�nt —
<br /> . Rr:_..
<br /> ;� immediately prior to the ac�uisition. -`
<br /> " 6.Occupuncv.PreservAtton.lVlaintennnce and P►•otection of the Property; Borrower's Laun Application;i.easeholds. `
<br /> ' � Bnrrower shall occupy,establish,and u5e the Property as Borrowcr's principal residence�vithin sixty days after the execution of '
<br /> this Security Instrument and shall continuc to occupy the Property ac Borro�ver's principal residence fac at Seast one year after =
<br /> �, thc datc of occupancy, unlcss I.ender othcrwise a�rces in writing, which ronsent shall not be unrcusonably withheld, or unless �_
<br /> � extenuating circumstances exist which are beyond Borrowcr's control. Borrawcr shall not destroy, damage or impair the �--
<br /> Propeny, allow thc Property to deteriorute, or commit wastc im thc Property. Borrowcr shall be in default if any forfeiture ;�•
<br /> " action or procee.ding, whether civil or criminal, is bcgun that in L.ender's good faith judgment could result in forfeiture of the -
<br /> rropeny or otnerwise maceriaiiy impair iiie iien crwicu uy ii�i,Sccwity ir„iiuiiiciit Oi i.ciuci�a iq;uiity i�itcic5i. fiuiwwc[may __
<br /> „ , cure such a default und reinstate,ns provided in paragraph 18, by causing the action or proceeding to be dismissed with a ruling =
<br /> ° that, in l..cnder's good faith detennination, precludcs 1'orfciturc of thc Borrowcr's interest in thc Property or other matcrial -
<br /> impuirment of the lien created by this Security Instrument or Lender's securiry interest. F3orrower shaU also bc in default if �.
<br /> .. Borrower, during the loan application proccss,gave rnaterially false or inaccurute information or statements to Lender(ar fniled °�=
<br />" to providc Lcnder�vith any material information) in connection with the loan cvidenccd by thc Notc, including,but not limited �'`
<br /> �:_
<br /> " to, representations wncerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a �•�,_
<br /> leasehold, Burrower shall comply with all the provisions of the lease. If Borcower acyuires fec tide to the Property, the :�=
<br /> leaseliold and the fce tide shall not mcrgc unlcss Lendcr agrces a�thc mergcr in writing. �
<br /> , 7.Protectton of Lender's Ri�tits in the Property.If Aonower fails to perform thc covenants und agreements cnntuined in -
<br /> this Securiry Instrument, or therc is a Icgal procecding that may si�nificandy affcct Lender's rights in the Property (such�s a '��'
<br /> .. procecding in bankruptcy, prob�te. For condcmnation or fiirfeimrc or to cnforcc laws or rcgulations),thcn L.endcr may do and i
<br /> pay for whatevcr is necessary to protect thc value of thc Property and L.endcr's rights in thc Propeny. [.ender's actions may
<br /> includc paying any sums sccurcd by a licn �vhich has priority ovcr this Sccurity Instrumcnt, appcaring in court, paying
<br /> rcasonublc attorne s ft:es and enterin un the Pro n to makc rc airs. Althou h I.cndcr ma takc action undcr this ara ra h `�
<br /> Y ' S P� Y P S Y P' � P
<br /> 7,Lcndcr does not havc to cio so.
<br /> Any amounts disbursed by L.ender under this paragraph 7 shall becnme additional debt uf Borrower secureci by this
<br /> ' Sccuriry instrument. Unlcss Borruaer a�id Lc:udcr a�rce to othcr terms of payment, thesc amounts tihall br;ar inter�tit from the
<br /> ' date of disbunement at thc Note ratc and shall lx payublc. with intcrest, upon noticc from Lcndcr to Borrowcr rcyuestinQ
<br /> : +�
<br /> puyment.
<br /> � S.Mort�age Insursuuc.If Lender required mortgagc insurance as a rondition of making thc loan secured by this Security
<br /> Inswment, Borrower shall pay thc prcmiums rcyuircd ta maintain nc� mortgage insur.m�c in effect. If, for any rcason, thc •.
<br /> mortgage insurance ravcragc rcyuircd by Lcndcr lapscs ur rcases to bc in effect, Borrowcr shall pay thc premiums rcyuircci to
<br /> obtain coverage substantially eyuivalent to the mon�age insurunce prcviously in effect, at a cost substantially cquivalent eo the
<br /> cost to Borrower of the mortgagc insuranre previously in effect, from an alternate mortgagc insurer approved by Lcnder. If
<br /> .. substantially equivalent mortgagc insurancc covcrage is not a��ailable, Borrower shall pxy to I,cndcr each month a sum eyual to
<br /> Y onc-twclfth of thc ycarly mortgagc insurancc prcmiurn bcing paid by Borruwcr whcn thc insurancc covcragc lapsed or ccascd tn
<br /> be in effc�ct. l.ender wiU accept, use und retain thex payments as u loss reservr in lieu of mort�agc insurance. Luss reserve ��
<br /> i
<br /> Form 3028 �31�J0 �
<br /> Pano 3 ot 6
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