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<br /> :i�cA?�t
<br /> � 96-�c��a�a.
<br /> S. fr{'i�ri➢ w• i"�r►`n:ii►� Lv::+'�. �arroK•►r �11 kse� the irtiprnveu�ei��. n��w oziving ur hen:aRcr er�tal an thc
<br /> Property insurcY:uYainst los� hy fire, huar�� i►x1u:3a1 within the tem� "extencied ciwer.�c" �ux1 any uttkr t�aurds, in�ludu►�
<br /> (loods ar floo�ding, fo��•hich Lc�xler r,x�uir�s iiuur.uxc. This in.wr�tuc �ha!!he�niintui��eJ in ihc�uixw�us suxf fa�thc peri��Js
<br /> that I.encler tcyuires. The insuranee carrier prc�vic�ing the iiuunuke �hall be chukn hy &mawrr wbJect ta l.enciec'z c►ppn��•ul
<br /> whicb shall not be unrcawnably w•ithhcld. If �orruw•c� fails to nuintain covcrage cic.cribwl atxirc. l.cixicr nuy. at l.c�xlcr's
<br /> option,abtain cavcrage to pr►urci teixfer's ri�ht�in tn�Pmpert}io:u:cc�sdarnr�ith{+��;r�►t�7.
<br /> All inwr•.�uw policies and rcttiew�l� �hall he ��ceptable w l.c+xicr aix3 sh�ll 'snclude u �taixlard nM�nLagc cl:�use. l.eruler
<br /> shall havc the right ta hc�id thc{x�lic�cs and►enew'ais.it i.c►r�cr rcyui��.. o�.,��,wt: ���� p�•�•:•a;ty�i:•c t:,!-w!°••!1�Y}w�n�'
<br /> paid premiums znd renewal notires• in thc evcnt of toss. Borrou�e�slwll give pront�t�xiticc at thc inaur.�ncc carrier:�x1 Lcncicr.
<br /> l.eiule�r may nuke pruaf�f lass if not n�utc pmmpily by Borcower.
<br /> Untess L�er�cr arui&�rraw•er ottunvise:sgm in writing,i�curance pr�ctcis shall b�^applieJ t��rcctnrauun or re�utir�if tY�
<br /> Property uL�maged,if the restoration ar repair is ecoiu�aucally feasible arul Lender's sexurity is ncu lexseneJ. If the re�toratiun ar
<br /> repair is �wt economically fensible ar Lender's sec:�rity w•cwld be lesse�l, tt�e iaeur,►nce prc�cetds shaU t+e applied to the wtns
<br /> scxurod by this Security [nstruntent, w�hciher or nw then due, with any excess paiJ tc� Barraw�er. If Borrow'cr abandc��u the
<br /> Praperty, ar dc�es not answe�within 30 dsys a nnrice from Lender that the inwrar�:e carrier hzs offered to setde a claim, then
<br /> L.xnder may callect the insurunce procwds• 1.end�r maY use th= ?roce�s to repair or restore the f'roperty or to pay sunu
<br /> secured by this Security Instrument.whether ar nat dun clue.The 30�day period will begin when the notice is given.
<br /> Unless l.ender and Bonnwer otherwise ugrze in writing, any application of procecdc tn principal shall not exte�x! or
<br /> postponc the d��e due of the monthly psyments refornd ta in paragrnpt�s 1 and 2 or change the anuwnt of the paymenta. If
<br /> under para�:�oh 21 the Prop�rty is acquirecl by Letxter, Borrower's right to any i*LCUrrnce policies and proceeds resalting front
<br /> dsunage to the Property prior to the acquisition shall pass to Lender to the eztent of the surns secured by this Security insttument
<br /> imn�adiately prior to the acquisition.
<br /> 6.Oocup�y,Preservatioa,Ms�Intenaa��e s�nd Pratecdon ot the Properly.B�rrow�er's I.osw Application.Leasel�olds.
<br /> Sorrower shall occupy,establish,and use the Property�s Borrow'er's principal resic3�.nce within sixty days after the execution af
<br /> this S�urity Instnitnent anc!shall continue to occupy the Propeny as Bumuwer's �a`iiici�al reside.nc..for at l:ast or�yesr after
<br /> d�e date ef occup�uticy, unl��c Lender otherwise agrees in writing, which consent st�al! not be unreasonably withheld, or unless
<br /> exunaating cinumstances exist which ure beyond Borrower's control. Borrower shall n�ot destroy. damage or impair the
<br /> property, alUaor.�the Property to deteriorate, or cammit waste on the Property BorroW+er shall be in default if any forfeiture
<br /> action or proeea.�ding, whether civil or criminal,is begun that in Lender's goud faith judgment o..vld r°.sult in forfeiture of the
<br />" Property or otherwise matetially impair the lien created by this Security Instrument or Lender's security interest. Borrower may
<br /> curo such a default and reinstale,as provided in paragrs+�+h 18,by csusing the action or proce�iu�to be dismissod with a ruling
<br /> that, in Lender's good faith determinuion, precludes forfeiture of the Borrower's interest in the Praperty or other maurlal
<br /> impairment of the lien cr�ued by this Sect�rity Instrument or i.e:b3:r's security interest.Borrower shall also be in default if
<br /> Borrower.during the loan upplication process.gave m�tterially fa�s�er inaccurate infomiation or statenienw ta Lender(or ftiled
<br /> to pmvid..Lender with any material inforn�ation)in rntu�action w�ith th�loan e���w:�c�ed by the Note,including,but not limitod
<br /> ' to.representntions conceming Bonower's oecupaney of the Property as a prineipa)sesidence. If this Seeurity Incwment is on a
<br /> ieasehold. Borrower shall comply with all the ptovisions of the lrase. If Borrower acyuires fee title to the Property, the
<br /> leasehold and the fee title shall not meroe untess L.ender sgrees to the merger in writing.
<br /> - -- -7.�of Ix�in's AigEta in tbe Yropetty. ii 1foiTOwer faiis to peric�nu u�c wvcixu�is�„:gi.�..�..�'»o�ss:.:i:.�itt
<br /> this Security instrument, or tlxre is a kgal proceeding that may siSnificantly affect Lender's rights in the Property (such as u
<br /> proceeding in barilcruptcy,probate. for condemnation or forfeiture or to enforce laws or regulations), then Lerder maY do s�nd
<br /> p�y for whatever is necessary to protect the value of the Property and Lendet's rights in the Property. Lender's actions may
<br /> imclude p�ying any sumc seeured by a litn which has prioriry ovar this Seeurity Irutnua�t. appeaiing in court, paying
<br /> reasonable attomeys'fas and entering on the Property to make repairs.Although Le�du c►�y take accion under this paragraph
<br /> 7�i�ea�der does not twvt to do so.
<br /> Any amuunts disbt�rx'+d by I.ender under this parogtaph 7 s1�a11 become �,3iitioa�l debt of Borrower securod by this
<br /> Security Iastrument. Unless Borrower and L.ender agnx to other temts of paymesst.thc�e amounts sha11 bear inttrest from the
<br /> date of disb�r�ment at the Note rate aad st�all be payable. with iaterest. upon notice fratu le�cler to Barrower requesting
<br /> PaY�.
<br /> o.:;�;.�.g:;�ss^.^:°.If��::der�iq�_ir�!!+!TMwta2$e incurance ac a 000dition of m�lciusz tbe loa�l seCUied by this Socurity
<br /> iaswment. Borrowu shall pay the premiums rec�ui�to maintain the mortgage insuru►ce in effe..-t. If, for any rerson, thc
<br /> mortg�ge insurence ooverage required by Lender lapses or ceases to be in effect. Borrower sln!!pay the prmmiui►►s required W
<br /> dutin coverage substantially equivalrnc to the mortgage insurance prcviwisly in effect, at a cost substantially equivalent to the
<br /> cost to Borrowu of the mortgage insur.ince proviously in tffect. from an�lura�te mortg�a inwrer approved by l�nder. If
<br /> substancially equivalent mortgage insurai�a coverage is not available.Borrower s�i11 pay to Lender each month a sum oqu�l to
<br /> ar-twelfth of the yearly mortgage inwrance prcmium being paid by Borrower w:scn the insuru�ce ooverage l�psed or ceased W
<br /> _ , be in effoct.l.ender will�r�pt.use and cetain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> Fcrm 3028 9180
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