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<br /> 5, p�ural o�Peoperty �ura�re. Borsower shall keep the improvements now existing or hereafter erected on the �;:
<br /> =' . proyer�y insured u�iinst loss by �cre,hazards inctu�ed v�ithin the term'eatended coverage" and any other harsrds.including __._
<br /> tlauds or flaadinZ.for wfiich I.endee requires insuranct• This insurance shall be m�intain�in th�amnunts and for the�riads __
<br /> than Lender requires.The insur.uice carrier providir.g[he insurance shail be ��hosen by Borrower subject to Lendet's approvai
<br /> � which shall tt�t be unreasonably withheld. If Bomo���er fails to rteaintain mverage descritsed above, Lender may, at Lender s �
<br /> option.obta:n ooverage to prutest l.ettder's rishcs in the Property in accordance with paragrap�7. -
<br /> u
<br /> ' All insurance poli�ies and renetvals shall be.cceptable to Lender and shal! include a standard�nartgage clause. I.ender �
<br /> shall have th�right to hold the}tolicies artd renewaLs.If Lender requires.Bornawer shali prompdy bive co L.ender all receipts a�
<br /> . paid pr+emiums ttnd renewal notices.In the event of loss, Borrower shall give prompt aQtice to the insurasece carriar and l.ender. __
<br /> ��> Leader nuiy m.�ke praoT�of loss if not m�de promptly by Borrower. �•,
<br /> .. lJnisss Lensler aa�Borro�er otherwis.agree in writing,iasurance prac�eeds shall be applied to restoration oc rep�air of she -_
<br /> . . property damaged,if the restoration or[epair is ecunomically feasible and d.ender s security is noc tessened.If the restoration or =
<br /> repair is not economically feasible or I.ender's secusity would be lessened.the insuranze praceeds shafl be applied to the sums _
<br /> secured by this Security Instniment. whether or nat then due, with any excess paid to Borrovrer. If Borrower abandons the
<br /> . Prnperty.or does not answer within 30 days a notice from�,.ender that the iasurance carrier has offere6 to seule a claim.dien
<br /> . Lender may oollect ti�e insura�zce proceeds. Lender maY use tha P=oe�� to repair or resWre the Property or to pay sums �
<br /> sewred by this Security Inssnunent,whether or not then due.The 3Pday periad will begin whcn th�notice is given. �"
<br /> . Untrss i.enster and Bocrawer othem�is: agree in writin�. anY aAPliration of pmceeds to prin�ipal shall not extend or �,,
<br /> postpone the due date oi the monthiy paymenu refetred to in paragraphs 1 and 2 0: chaage the amount af the payments. If ��__:
<br /> � nnder 8azagraph 21 the Prugerty is aoquired by i.ender. Borrower's right to any inturznc�policies und procee�s resaiting fram �_
<br /> damage to thc Property p�ior to the acquisition shall pass to Lender to tho exteat of che sums secured by this Security Instrua�ent ��„
<br /> "������ immediatefy prior to the zoquisidon.
<br /> 6.Ocw�paucy,pi�ser�+a@on,Maintenance au�i Pcotec�ton of th2 Peu�erts;Borrower's Loan ApplIcation;I.essehold�. _
<br /> •: ;,' Borrower shall occupy.establish.and use th�Property as Borrower's principai residence within sixty days af'ter the exetutioa of =
<br /> ttus Seatriry Instrum�tt aitd shall continue to ocxupy the Property as Borrower s principal residence for at least ane year after -
<br /> '���`. the date of occupancy.unless i.ender othenvise agrees an writing. which cansent shall not be unreasonably with�e�t1,or unless --
<br /> �:�•;�;:
<br /> ��''�'t extenuating cirnimstances exis4 which art E�.�ond Borrower's oontrol. Borrovrer shall not destroy. damage ar impair t�e
<br />`;�.-•�cj
<br /> ��_�'`'�; Prnperty, ailow the Property to deteriorate. a�r commit waste on the Property. Bomuwer shaq be in defanit if any f�rfeimre _
<br /> :`� actioa or proceeding, whether civil or criminal,is begun that in I.endei s gaod fai[h judgment coWd resuit ia forfeimre of the _
<br /> �,- property or othenvise materially impair the lien created by tiiis Security las�nt or I.ender s security imeresE.Borrower may
<br /> ;,�;.�, cure such a default aad reinstate.as pmvided in paragraph 1 S,by cau4i��he action or proceeding eo be dismissed with a �' � ��
<br /> ° that, in l�nder's�oot1 faitE determinasian. �reclu�zs forfeiture of t�.�nsrower's interest in the Property or other matetit�, -
<br /> o�;���� _
<br /> -�k� impairm2nt of t'h��en created by t6is S2cuF�ry Instrument or Lende�'s 3�ecwity interest. Eorruwer st�,li also be in defauLt i� _
<br /> ;Y,,..-� _
<br /> Barrower,durin�the loan app"�i�ation process.gave materinily false or inaccurate informarion or statements to l.en�er(or faii�d
<br /> us pmvide Lender with any matcrial infomiation)in conn�e2i�n with the loan evidenced by the Note.inctuding,�+�not limited
<br /> to,�presenrations oonceming Borrower's occupancy of th�Property as a prineipal residence.If this Security Instrument is on a
<br /> � leasc�told, Borc�mer shali campfy with all�t1�o provisions of the t2a4z. If Barrower acyuires fee ritte to the Property, the
<br /> �'`4'°; Ieasehold and tt�e fzo tidc sh�il nat merge uni�s Lendec ag�rees to tAe rr�iierbar•in writing.
<br /> ° �� 7,protecttah of I.ea�et's Righta in tbc:Progerty.If Borrower f�ils to pedorm the covenants and agceements contained in
<br /> I • this SP.curity In.shvment,�r there is a tegal proceeding t}iat may significantly affect Lender's rights in the Praperty{sacb as a
<br /> ;:a��' prooe�ding in banktuptcy.probate.for candemnadon or farfeiture or ta enforce laws or regvlatioAS).then Lender may do and
<br /> '.�.;�}`, pay for�vhatecer is.Rer,essary to prntect thn value of the Property aFt�Leuder's righu in the Fro�erty. I.eader's acdons m.ny,
<br /> .:,.;,
<br /> inc(ude paying any.sums sccur�cl by a tian�tvhic6 has prioriry or-�r this Security Instrument. appeariu� in court. payi�g
<br /> . reasonable attomoys fees and entering on thc+Praperry to make repairs:Although Lender may take action under tl�is paragrapb
<br />. ' .;, 7.Lender does not havc to do so.
<br /> ' • Any amounts dishursed by Lender urts�ec this paragraph 7 shall become additional debi of Borrowes secured by tbis
<br /> . S�rity Ensm:,�ten� Unless Borrower and Lender agree to other te�r•�f payment,these amounts shall bear Interest from the
<br />' datc of disburstuitent at the Note rate a4ct shatl be payable. with ira�tm�t. upon notice from l.em�rx to Borrower requesting
<br /> ,.� P��• -
<br /> . � 8.Mortg,age L�stua�.Rf Lender reqoired raortgage insurance as a oondition of making the toan secured b�!this Security
<br /> �f�• lnstrument, Borrower sha�}pu,y�the premiums cequired tu maintain the mortgage ic�arance in efFect. If. far any reasan,'the �_
<br /> mortgage insurance coverage t�equired by Lender lapses or ceases to be in effect,Bonower shall�pay the preraiums reqnired to
<br /> � � ' obtain covecarR�.�bstantially ec�uivalent r��2he mortgage insurance pra�°�✓�s1y in effect.at a cost��i�stantially equivalent to the _
<br /> `�':��i� a�st tfl Borrow+ar of thc�aor'�age lnsur,.�wa �reviously in effect, frcm� altema•w�otigage imr•r�:r approved by Lender. ff
<br /> ' f+at n.antially equivalent m�srte�:�zc,;e insurance coverage is rpt available.Borrower sha7T�ray to Lender each montli a.sum equal to
<br /> • aia��•tweifih of the yeatly ma�'�gnge insurance premium being paid by Borrower when the insnrance coverage tay��r.L or ceased to --
<br /> •�• I be in effect.Ler:d�r will accept,use and retain these payments as a lo� reserve in lieu of mortgage insuraace. Loss reserve
<br /> • farm 3028 9/8tt -
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