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<br /> g. H�za�d or Properiy Ins�r�u�ce• B�n°wet Rhull keep the improvements now esisdng or hereafter erected an tho
<br /> Prope��ty insutai nguinu loss by flre. haziuds includecl wtthl��the term "extended covere�e" nnd any other hazasds. including �
<br /> tlaadx or ftooding.fi�r which Lender mquires insurance.TAis insurance shall k�e melntained in the amaunts and far tha pariods
<br /> thut LeRder mquires. The insura�ce currier pmviding thB insuranct shall be chosen by Harrower subject to I.ender's upproval
<br /> Lender rnay at l.ender'a
<br /> which Hhatl not be unra►:onably withheld. if Borrower fuila to maint�ln covcrage descdbed at�ove� �
<br /> opt:on.abtain coverage to protect Lender's dghts in the Pmperty in uacordana+With pnraBruPh 7.
<br /> AIl insumnce pottcies and renewals shall bo uccePtub�e to l.ender and shall include a standurd martgage ctnuse. Lender
<br /> shaYl hAVe tho dght ta hold the polictes and renewuts.If�n�r�nq h�l gH e pr�omp4 A t p t�o�hQ j�urance�ncarrier�and I.e derf
<br />. ptud p�mtums and rencwal nottccs.In the event of loss.
<br /> Lender may make praof of lass if not made promptly by Bocrower• (��to restoratlon or repair of the
<br /> Unless I.ender und Burmwer oiherwiso agree In writing.insurance pca�ds aha►1 be ePP
<br /> property damaged.if the restocation or repafr is eoonomtcally feasible and Lender's seeurlty is not lessened•If the restoradon or
<br /> repnir is not econumicaily feasiblo or Lender's secudty would be lessened.t%insurance pna'�ts shati b�applied to the sums
<br /> �uc�by this Sec��riry Insuument. whether or not then due.w�th ac�y►exce�s Pa�d to Horrower. If Bflrrower nbandons the
<br /> prc�per�y.o�r does not enswer widti�30 days s notice fcon�I.ender¢9►at aho insu�an�e u�rler has affered tfl s�tl i`o���m''sumg
<br /> LenAr.r ma�r oolIIoct the 6msuraae�e�rmoeafs. i.ender �nay usa the praoeeAs w Fepair or re9aa¢�e the PrapeRY P,•"lU
<br /> secun.d by ahis S�urneq 1[a�St►umient,�vhxtCezr or nna than dua. 'i°ho 3U-daY�nac�a3116egin�v7�e�the notice la�iven. .,�, , ..
<br /> Unless l�eaxier anc! Rorrower ather+vls�p�sc$xn wriang.siny apy�lir.uunn s�ff.pmceE�ls'to princi��6 sha�l aP1�ex�nd or ,
<br /> postpcnne t�due dats oi the meont3�ly paye�entg reixm�l to in patc�gr0.p�� � zncl:t or'cfiar�.ge.the tcrnmv��t af't�v�uya�+�ate. If : ,
<br /> ur���trrR&mPh 21 t��'oP�nY,is Aoau�a�d�tF.G�er►d�i.Ba;aawer's�isht td any inswaQ►v�:polieies ared.�toobe�s'teF�iti���irom
<br /> , , d�����pi+ope�dy�rior to th�acyuisltion sh�l�p�ss to�?dex to the extent of the suc�s se�ured by this�1rJtY:I�i�t�r�rnent
<br />.. iau►te�9e�te'y prior t�n1�E acqui�aon:' � ,
<br /> 6.OctupRacy.Preserti'atd�n,M�iutenance and.YR�ote�tmn ot the Progerty.Borrower's Losu►App�l�tton;A.easelrobds.
<br /> Bomower shall oecupy,establish,and���►e�PertY���iD1Ver's pcineipal residenea wtthtn sixty'cS�Ys after�the cxecutf dn of
<br />_ �g��;cy Inscniment aad shuU•rontinue to occupy ch�Pc�oPertY. es Bor�w'er's p�inc{pul r�.widenee for at least one year al�Cr
<br /> the date of occupancy.unless Lender otherwise agtaes in wrtdng�
<br /> ahich wnscut sitati itot�ussrt�una4�ly wlihheld=or uniess
<br /> estenaadng ctrc��mstances e�cist whtch are beyond Honower's cont�ai. Horrower shalt not destroy� damage or impnir the
<br /> pro{xrty,� al(uw thc property to deter{ornte. or commit wasce on tho Property. Bc�mower shall be in dcfsuia if any forFeiture
<br /> oction or proc�eeding,whether civU or criminal.ia begun that in Lender's gaod faith judg�nent could result in forfeiture of the
<br /> property or otherwise mater[ally impuir ttx lien crcatcd bh BisbSecB�ry En��i p�f p�ing t�ba diem�soct with e�rui n8
<br /> curo Fuch a defevlt and rolnstnte,os provide�l in pnreg�sP � or ather matcrl�l
<br /> that. in Lende��s Scwd�falth rict°m►�"Ation. prccludes fodeiture of tha Borrowcr's interest in tho PmpertY
<br /> i►mpaimunt of the 1[en crcated�y this Sacurity Insttumcnt or Lendet's secudty interest. 8orrower eh�ll also be in dcfiult if
<br /> Borrower,dudng the laun applicetion prooess,gave maurially f�ls�or inxsucute inforniatic+n or statemr,nts ta Lcndcr(or failed
<br /> to provide I.ender with uny muterial infornu�tion)in oonnoctfon with tho loan�vldenad by thc Note,3ncluding.but trot Iim4ted
<br /> to��epresentutions canoeming Borrower•s oocupancy of the Pmperty os a principal rcsidence.If th[s Security Insuument is on a
<br /> (easehotd. Bort+ower shall comply with ol� d►e provisions nf the lease. If Bon+nwee acquirea fce title to the Property. the
<br /> leasehold and the fcc titlo shall not merge unless Lender aBt+ee�W t�►a�terger in wdting. I
<br /> 9.protectlon o!I.ender's Rights tn tlte ProperiY�Ii Borrower feils to perform the covtnunts ar►c1 a8�eements oontained in
<br /> this Securlty I�stnuneat,or there is a legal Procceding thnt may signifccandy efEect Lender's rights ia�n����y do and
<br /> pmceediag in banktuptcy.prabate.for condemnution or forfeiture or to enforx laws or cegutaHons). ��eF's acdans tnay
<br /> pay for whatever is nocessary to Prot��h�value of the i'ropertY+ud Lende�'s riEhts in tha Prc►pe�RY•
<br /> include paylag any sums securad by a lien which has prtority over Qiis Securiry Insuvment. appeartc►� in oourt. paylo8
<br /> ' ressonable nttorneys'fees u►d entering on the Pc�operty to make rep�irs.Although Lender may telce acHon under this paregceph
<br /> 7,Lender does not have to do so.
<br /> My amounts disbu�sed by Lender under this parsgraph 7 shrall become addiUonai debt of�ormwer secuc�eci by this
<br /> _ Security instrument.Untes�Borrower und Lender ugree�te.�with i tere.stp uponnnoUce fro�llLer�der't 8orcowe�r reques 8
<br /> date of disbursement at the Note mte und shnll be pay
<br /> payment.
<br /> 8.Morig�ge Imvrana•Tf i.ender requirod mo�tgage insurance ss a condidon of making the loan saured by thi�Secn LY
<br /> Instiument� T3omower shntl pay the premtwas requical to m.�intain tha murtgag Borrower�shall pay�thef premiums c�equ�red t°
<br /> mortguge insurnnoe caverege nquired by L.ender lapses or ceases to be in effect.
<br /> obtain coverage substanttally equivulent to the mongngc insurauce prevtously in effect.nt u oost substanti�lly��tiv��e If
<br /> rost w Borrower of th�mortguge insurunce pc�eviously in effect.from nn alter�►nte mortgage insurer uppro Y
<br /> substantiaity e�uivalent mortgage iasurunce covernge ia not uveilable. Bon+ower shall pay to I.ender eaoh month a sur►�equal to
<br /> one-tweltth of the yearly martgaga Insurance premtum being patd by Borrawer when the insurunce coverage lapsed or censod to
<br /> -� be in effect.L.ender wiU accept,use snd retain these payments ns a loss resen�e in Heu of mortgage insurance. I.oss reserve
<br /> •— Fotm 3028 8l80
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