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<br /> S. Hu;cnr[I or f'ro�rty Insur�lnce, 13�rrowcr shall kecp the improvcntcnls now cxisting. ur IicrraRer crcr.tcd im thc �.
<br /> Property insurcti against loss by �m, htunrrle inc�adcd wlthin the term "extendcd r.overagc" and uny othcr hazards, includin�
<br /> tloods or i'looctin�, far which l.cudar ruquir+::in�:.�r:t+tcc• This insururecc shnll bc muintained in thc amuums and for thc periads _
<br /> that l.ender rcqulres. Thc insurancc cnrricr pro�ic�ing thc insurancc shali be chosen by Borrawer subjcct to Lcnder's app���va1
<br /> which shall not be unr�asonc�bly �vithheld, Tf Rorrower f�iils to maintain caverage descrihed above, Lc:nder�nay, ue L.�nder's
<br /> aption,obtain covera,e to protect I..end�r's rit;his in thc Propert.y in accordance with paragrapli 7.
<br /> All insurunce pnlicics mtd rr,newals shttll bc: acceptable to L.ender und shall incfude a sii�udurd nx�rtgagc clause. Lender �-
<br /> shall hnve the righi to liold thr.pnlicies nnd reneu��IF.If Lc:ndcr requires,Aorrower shati prompdy give to l.cnder:►II rcccip�s af
<br /> paid premiums nnd renowul notices.In tha evont�f loss,Horrower shall give Urompt notice to the insurance currier and I.ender.
<br /> I..cndcr may makc proaf af loss iP not cnt►do pmroPtlY by Borrower.
<br /> Unlcss l.ender and Bnrrmvor oth�rwiae agree in writing, insurence praceeais shall be upplied to restorutior►or repair of the
<br /> Property d•amagcd,if the mstoraticm or rcpnir is econamically feusible and Lendcr's secw•iiy is not le.ssened. If the restoration or
<br /> repair is not economically fcasibla or Lc:nder'ssecuriry would bc lessencd,che insumnce procecds shalt bc�p�liccl to the sums
<br /> secured by this Securety Insa7�mant, whcthur or not then due, with any excess paid to Boreower. If Borrawer abandons the
<br /> Properry, ar dnes �iot nns�ver within 30 dnys a nc+tice from Leiider that the insurance carrier has offered to settle a claim, then
<br /> I.cnder may collect the insurance procc:edr:. Cendcr may usc ihe proceeds ta rcpair or restorc thc Propeny or to pay sums
<br /> securui by thi::Security instrument,whstl�er ar nrt thcn due.The 30-day periai will begin�vtzen the notice is givcn.
<br /> Unless Lender and Barro�ver otha��+vise aE�ree in writing, any app�icatian of proceeds to principal shall not extend or
<br /> poscpone thc duu Jrite of the monthl;t �:aynients referred to in pnragraphs 1 and 2 or chnnge the anzaunt of the payments. If _
<br /> under parasrapli 21 th�PrnpErry is act,uir.�:�.�by Lcnder,DorrowePs right to uny insurance policies and proceeds resulting tTOm
<br /> d;unsge[o the Yroperty p�7or to ttaL acquizie+on ahall pass ta L.ender to the extent of the sums secured by this Security Instrument
<br /> immedintely prinr to the�e�uisitiun.
<br /> 6.o�cunan�y,P�•eserNntion, Maintenance s�nd Protection af the Property;Borrower's I.oan ApplEca4ion;I.caseholds.
<br /> Aon�o�ver shnll oc.cupy,cstablish.and use the Property ns Ronowcr's principul residence within sixty days aftcr thc cxccution of
<br /> tltis Sccurity Gistnampnt a�i:l shall continue to occupy the Property as Honnwer's principai resldence for at least one year after
<br /> tho d�te of occupnnay,uiyress Lendcr othcrwisc agrees in writin�, which conscnt shall not be unreasonably withheld, or unless
<br /> extenunting circumstanc:as exist which are beyond Borrower's control. Borrower shnll not destroy, damage nr impnir the
<br /> Propeny, allow ttto Pmperty to deteriorute. or commit waste on the Property• Hor�ower shall bc in default if any forfeiture
<br /> action or proceedin�, whether civil or ctiminal, is begun thut in i.endr,r's good faith judgment could result in forfeiture of the
<br /> Froperiy o,�«�e:—�;;a sru:�:�:!�ic:r»-i=thn l��� �rPnred by tlus Security Instrument or L,ender's security interese.Borrawer may
<br /> cure such a defa►+It and reinstate, as provided in paragraph 1$,by causing the action or proceeding to be dismisse�wich u ruti��g
<br /> tbat, in L.endcr's i��od taith dctermination. precludes farfeiture of tlie Borrowcr's ii�tere.�t in the Yroperty or odiGr muterial
<br /> � impairment of t::e lien cre�+ted by this Security Instrumcnt or i.ender's security interest. Bonower shall also L•e in d�fault if
<br /> Borrowar,dttrcr��the loan app�icution process,gave matcrially false or inaccurate information or statements to I.cnder(o�•failed
<br /> �a prqvittru l.�ndar w.ith any muterial information)in connection with tF.e loan evidenced by the Note, includin�,but not limitcd
<br /> ta, rept'esentnt8ons canceming Bonower's occupancy of the Praparty as u}�iincipal residence.If this Security Instrument is an a
<br /> �ea�;h�td, Parr�wer shall comply with all ihe provisione af thc lenac. lf Borrowcr acyuires fec title to thc Property, the
<br /> Icaschold tu►d the fee title shall not mcrge unicss Lcndcr agrecs to the mergcr in writing.
<br /> T.k�^�ie�t�n o�I.ender's Rights(n the Psopet�ty.If Borrower fails to perform the covenants und agreements contained in
<br /> ttiis Security In�trument, or there ls a legal pecreedi�3 that mny siQniftcuntly affect l.ender's rights in the Property (such as a
<br /> . proc.�xding in bankruptcy, probate, far condemnation or forfeit�re or to enforce laws or regulations), theu Lender m�y do and
<br /> pp��',for �vhetevcr is necessary to protcct the value of the Prop�riy and[.etitder's rights in the Property. I.ender's nctions may
<br /> �R�b���tn neyine any sums secured by a lien which li�s priority over this Securiry Instrument, appearing in court. paying
<br /> resisonn�le attosx�cys'fee.v and entering on thc Property to maice repairs.i+ftliouxi�;.cnder xnay take»:leot!�s„d"r���iK nar:iurdph
<br /> 7,Lincicr do�s noi lia,�to dv so.
<br /> Any amounts tlisbursed by Lendcr undex this p:u'�agrnph 7 shali become additional deb2 of F3orrower secureJ by 4�is
<br /> S�:�tz�-t)r Instrument. Unle.gs Bonower mid �.ender agree to other tomis of payment, thcse amounts shall bear intctest frmm tho ,
<br /> d;�ti:aF+31sb►►rsement at the Note rate and shall be payahle, with interest, upon nottcc from Lender to Bonower�rcque.sting
<br /> pu9�mn�t.
<br /> $. Mortgage Insurance.lf Lendcr required mortgage insurance as a condition of maktng the lo:ui securod by this Secudty
<br /> instn�mwnt, liorcnwcr shall pay the premiums required to maintain tha mortgc�ge insurancc in cffect. If, for any reusan, thc
<br /> mm����a insurance covcrage requirecl by Lender(apses os ceases to be in effect,Boreowvr shull pay the premiums scquired Yo
<br /> o�itsin aoverago substantiully cquivalent to the monga�e Insur�nce pteviously in effect,�t a cost substiinttally cc�utvalent to the
<br /> anst tu tiarrowcr of tl�c niortgage insurance previously in effcct, from an ultemate mortgaBc insucer app�+oveci by L.endor. 1f
<br /> substunti;illy eyuivalent martguge insurance covera�e is not�vailable, Aorrower sl�all pay to Lcnder eacl�month a sum e.yual to
<br /> on�•t�vt�IRl►oF ihe yeariy mortga�c insurance premium being paid by Borrower when the insurnnce covee�age lapsed or ceased tm
<br /> !; be in effect. L.endcr will sccept,uce and retain these payments�s a loss reserve in lieu o4' inortgage insurance. [.ays reserve
<br /> Foern 3tf28 91fl0
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