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<br /> ' S, ilazW�d c�r Property Ti�urance. Rarraa�ar shsll �tep the i�nprovenunts r�ow existing ar hsrzatier arextycl on tix
<br /> Property insured again�t los9 by rro, huards itxlucfed within the t�rm "extendal coverage" �u�d any other h�:tardv, includii�g
<br /> , fi�xuls or flaxiin�, for whicli I.ender reGuires i�isurair�:�.This insurance shall bc maintained iiti tne nmounts and fcr the perPods
<br /> ' that I.cncier rcquires.The insur�nce c;arPier providing the insurance shali bG chose�i L•y�or�owcr�u�jcct to Ir•r.�=r's :�p��c�vri
<br /> wl�ich�hall n�t be u��r��sonably withheld. If Borraw�r fails ta maintain coverage described above. L.ender may. Ql LGt1dCf i
<br /> nption,abtain coveragG t��protcct I.cndcr's rights in thc Property in accordanc�with para;raph 7.
<br /> All insura�xe pc►licies and renewals shull i�e acceptuble to Lender:uzd shall inslude a standa:Yi�nortgage clause. I.eruier
<br /> shail have the right to hald the�licies and renewals. If i.ender rcquires.Bonotver shall pramntly give to I.,enderall reccipts of
<br /> . paid premiums and renew:il nodccs.ln the event of lass,Honower shall give prompt notice to the insur.cnce carrier ar�d L.ender. -
<br /> Lender n�y n�.�ke proof of loss if not made pramptly by Borrower.
<br /> Uni�ss Lendcr aod Bonowcr a�henvlse agree in writing,insurance pruceids shall be npplial to restoration or repair of the
<br /> Property damugcd,if the restoration or repair is economically feasible and I.ender's scxurity is not lessened. If thc restori►tion or
<br /> rcpAiv is not econemic.�lly feasible or Lender's security would be lessened,ehe insarance procceds shall be applied ro thc sums
<br /> secur� by this Security Instrument, whether or not then due, with any exc,�ss paid to Borro�vcr. If Borrower abandUns die
<br /> Pro�Grty. or dces not answer within 30 days a notice from Lender that the insurance carrier has offered tu settle a claim, Yhen
<br /> Lcnder may eollect the insu�ance prc►r.eeds• Lender may use the proeeeds to repair or restore the Property ar to pay sums `
<br /> secured by this S�cunty Inst[uincnt,whether or nnt then due.The 30-day iperiod�vi��begin when the notice is siven.
<br />--� U+i.c,s Lcr,d;.r:.nd Ho�rower onc�nvise agree in writinfi, uny app9ication of pror.eeds to principu! shall not extend or
<br />_ ioostpone the due dat�oi the montbly paymentc referred to in paragr�phs 1 and 2 ar change the umoum. of eiic �ayments. tf �
<br />�. under paragraph 21 the Praperty is acquired by Lender, aoROwer's right to any insura�ice policies und procceds r.sulcing f�om
<br /> damage to the Property prior to the acquisition shall pass to Lender to thc extent of the sums se�ured by this Seaurity Instnuncnt
<br /> immediately prior to the�equisition.
<br /> , 6.Occupancy,Preservation, M1iuintenancc and Protection of the Property; Barrower's l.oan Applicatian;Leaseholds. ^r
<br />�-- Bonower shall occupy,estatriish. and use the Property as�iorrower'�p.-irci�,al residence vrithin siYty days�fter th�exc:cution nf
<br /> this Security Instrument and shall mntinue to occupy the P�nperty as Borrower's principal residence for at least one year after
<br /> I� the datc of accupancy,unless Lender otherwise agrees in writing, which conscnt shall not be unreasonably withheld, or unlcss
<br /> � extr.nustina Cfirtt�tctntice.: exist which are bcyond Barrawer's control. Borrower shall not destroy, damage or impair the
<br /> Property. allow the Property to dcteriorate, or commit waste on the Property. Bonower shall Be ui tlefauit ii any fart'eiiun
<br />= action or procceding, whether civil or criminal. is begun that in I.ender's gaod faeefi�judgment could result i�� forfeiturc of the _ _
<br /> — Pmperty or otherw�se materially impuir the lien created by this Security Instcumeiu oz L.ender's security interest.Borrower may —.
<br /> cure sur.h a default and reinstata, as p�+ovided in paragraph 18, by causing the action or proceeding to be dismissed�vith a ruling
<br /> = that, in Lender's gaod faith determination, precludes forfeiturc of the Bonow�er's interest in thc Properry or other material _
<br />— impairment of the lien created b,y this Security Instrument or Lender's sc:curiry interest. Borrower shall also be in default if
<br /> Horrow�r,durin�the loan application process,gave materially false or inuccurate information or statement5 to Lender(or failed �'°
<br /> — to provide L.ender with any�naterial information)in cannection with thc loan evidenced by the Note, including,but not limitcd —
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<br /> to, representations concerning Borrower's occupancy of the Property as a principfil residence. If this Securiry Instrumec,t is on a �.
<br /> — lcasehold, Borrower shull camply with .�Jl thc provisions of the le�se. If Borrower acquires fee titic to the Property. the �,
<br />— leaschold and die fee title shall not merge unless I.ender agrces to thc merger in writing. �=
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<br /> �.� 7. I'rotectton oF Lender's Rights in the Property.If Borrower fails to perform the covenants and agreements contained in �
<br /> _� this Security instntmcnt, or there is a lcgal pracecding that may significantly affect l.ender's rights in the Praperty (such as a
<br />:,� prouxd'ong in bnnkruptcy,probate,for condemnation or forfciture or to enforce laws or regulations). then Lender may dn and �;;'��
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<br /> ''� pay for whatever is neccssary to protect the v�luc of the Propeny and Lendcr's rights in the Property. Lendcr's nctions may r
<br /> include paying any sums secured by a li�n which has priority ovcr this Secutity Instrument, appearing in court, paying �:�:;�
<br /> reasonable attomcys' fces and cntcring on the Property to make rcpairs. Although l.ender may takc action undcr this paragraph �_�_;_;
<br /> 7, Lcnder docs not have to do sv. ��5=`
<br /> Any amounts disbursed by Lender undcr this paragraph 7 shall become additional dcbt of Dorrower secured by this _��;
<br /> Security Instrument. Unless Borro�ver and Lendcr agrce to othcr terms of payment, thesc amount��liall bear interest from the :'-`�:
<br /> dAtc of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrowcr requesting ; �
<br /> payment.
<br /> B. Mortgu�e Insurance.if Lender required mortguge insurance as a condition of making the loan secured b,y this Security
<br /> Instcument. Bonower shall pay the premiums required to maintain the mortga�e insurance in effect. If, for any reason, the
<br /> mortga�c insurance covera�e rcquircd by Lender lapses or ceases to be in effect, B�rrowcr sliall pav the premiums required to
<br /> obtuin coverage substantially equivalent to the mortgage insursnce previously in effect, at a cost substantially eyuivalent to the
<br /> cost to Borrower of the mortga�e insursncc previously in effcct, from an altcrnatc mortga�e insurcr upproved by Lcndcr. If
<br /> substantially cquivatent mortgage insurance coverage is not nvailable, 8orrower sh111 pay to Lcndcr each month a sum cqual to
<br />,i. , one-twelfth of the yearly mortgage insurance premium bcing paid by Borrower when the insurance coverage lapsed or ceased to
<br />,•�; : bc in effect. Lender will accept, use and retain►hese payments as a loss reserve in lieu of mortgage insurance. I.oss reserve •
<br /> , i Form 3028 9I�0 `
<br /> Popo 3 0�6
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