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<br /> �. �� �. �y�rty [���. &,r�uwcr st�l1 kcep the im�,r��cenxnts rx�u• exi�iiu�; ��� �:r:;:ttc: er_�cstd nn t►�e _
<br /> pmperty insur�xl arai�ui k�ss hy fire. hazarils i�xludai within the tcrm "cxtrnJ�.t�•�n•cr�gc";uui any uther hsu�rds, iru:lud�n� '---
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<br /> I��,cxis or iloo.iiab. iv. .���i:� �.:r�cr ct��s+^="s!r!"°'K''•. Ttiis i�uur,uxc �1ull t+e rnaintai�util in thr++nwun��and for tt�:periods ,
<br /> that t.eneler�yuires. The i�uur,uxe carrier pn��idin��the insuraner .i�all be rh��.en b} Rarrowrr ,ubject a� i.ernic:r'•+Wp���y� �
<br /> which �h:ill rn�t t►e unreasv�uhly with1�e1J. IF Ei��r���w�cr F.►i�s to ntzintain cu�•tirFa d:xritx�l shc►t•e. Lcixfcr a�ay. ut Lcixler's �
<br /> nEuicm.obuin�ti��ar�e to pnx�.�i t,estider's righls ir�th�:Pr.�:riy in u►curdance w•ith parrgrsph 7. �;:-
<br /> AI! insurance palicies and renew:tts�hall be xcrptai�fe to u�uici +a: :t'�a:! :r.:lu�� a�!�!r����1 nu�rtc:►�e dause. I.�►xizr �,
<br /> shxll tu��c thc vight ta twt�the polici�s aax!renc:uals. !f l.cnder rutuires. &�rn�w•cr�tull prumptly gi�•c to l.ensi�r all rcceipts of �
<br /> paid premiais anL renzwal noticc.r•.In thc e�cnt of loss.Burrow•er xtull give pn,n�t natice ta�iu:i�uuryue c:u'ricr and Lcndcr. --
<br /> Lencler m�y ntial•e proof of lows if not n�sde prampt►y'by Barrow�r. �_
<br /> Unless Lende�•and Born�wrr otherwise�ree in writinF. insuraiue p�cxeeds shaU be applieci to rcatoratian��r repair of the �_
<br /> Prc�Qerty�ga1.�f the restoration or repair is econoniic;illy fe,�sible a�ul Leruler'��e�urity is not Iessened• If'the restoration or a,
<br /> repair is not eeotx�mically feasible or L.ender'ti security w•ould t►e Iecce:ted,the ituurance proeeedr shall b�applied to the sums =
<br /> securai by this Security Instrument, whether ur �wt then due, with �ny excess p:►id to Borrowcr. if Bormw'cr aba�xlutu d�e
<br /> Property,or does not answer within 3Q days a notiee from l.endcr�Mt che�n.wr'.uue carner has°ffer��l to senle a claim, then —
<br /> Lender m�y collect the insur�nce ptoceed�. Lendcr n�ay use the ptc�ceeds to repair or restore the Property or tu pay sums
<br /> aeeured by this Security Instrument,w�hether or not then due.The 3(1-d�y period will beg�n when the notice is given•
<br /> Unless Lender and Borrower othen�+ise acree in writing, uny application of procoeds ta prinripal shall not extend or _
<br /> poctpane the due date of the monthlY paYments refcrre� to in paragr.►phs 1 anJ � �r change the a�naunc of the payments. If
<br /> under paragr�ph 21 the Propeny is acquired by i.ender,Borroa�er's right to any insuruue policies and praceeds resuhing from
<br /> damage to the Praperty prior to the acquisition shall pass ta l.ender to the eztent of the suins securec!by this 5ecurity]nstrument
<br /> inunediately prior ta thc acyuisition.
<br /> 6.(locup�ocy.Preservs�tion.11taIateiwnce and Protection of the Prnperty;Borrower's i.oan Application;l.ezceholds.
<br /> Borrower shall occupy,estnblish.and use the ProPeRY ss�otiTOwer'a y�i�wip:.:r�si3er.�e���ithen sixty dayc after the execution of
<br /> this Security Instrumene and st�fl'continue to occupy the PropenY as�now•er's principal residencx for at least one year after
<br /> the date of occupancy,unless Lender otherwise aSreea in writing. which consent shall not be unreasonab�Y w�eht�e�d•�r unless
<br /> extenuating circunutances exist which are beyond Borrower's control. Borrowet shall not �lestroy, da�t�aSe or impair the
<br /> peoperty,allow the Property to dcteriorate, or commit waste on the Propeny. Borrower shall be in default if any forFeiture
<br /> action or proceeding, whether civil or criminal, is begun that in l.endei s good faith jud€ment could resnit in forfeiture of the
<br /> Property or otherwise mzterial�y impair the��en created by this Security Instnunent or Lender's security interest. Borrower maY
<br /> cure such a stefault and reinstaee,as provided in paragraph 18.by causing the action or prcxeecling to be dismissed with a ruling
<br /> t}�t, in Lender's good faith determination, �recludes forfeiture of the Borrowzr's interest in the Froperty or other material
<br /> imp�irmeni of the lien created b.� this Security instrument or Lender's security interest. Borrower shall also be in def�ult if
<br /> Borrower,during the loan�1►catic►n Ptocess•g�ve materially false or inaccurste information or statements to L.ender for failed
<br /> to provide Lender with any material information)in connection with the lo�evidenced by the Note, including,but not limited
<br /> to,representations oonceming Bc�rrower's octupancy of the Property as a FrinciPal residenoe.If this Security]nstr�ment is on a
<br /> _ �����. ��.;;� wh,� ._.,�,��Y w��h all tt►e provisions of the lease. [f Borrower acquires fee title to the Pro�xrty, the
<br /> lcasehold and the fee title shall nc�t merge wiless Lendcr agrees to the merger in writing.
<br /> 7.p�.o���'�'s Rights in tl�e Property.If Borrower f:,ils to perform the arvenants and agrcements oontained in
<br /> d�is Security Inst�ument,or there is�legal proceedin8 that maY significantly affect Lender's rights in the ProPertY (sueh ac a
<br /> proceeding in bactkruptcy, probate,for condemnation or forfeiture or to enforce laws or regulationc),tt►en Lender maY do and
<br /> pay far whatever is neccssary to protect the value of ilie Property and Lender's righu in the Propert��. Lxnder's actionc m�y
<br /> include paying any sums secared by a lien which has priority over this Security Instrun�ent, appearing in oourt, paying
<br /> reasonzble attorneys'fees and entering on the Property to ma3ce repairs.Although I.ender may take action under this paragraph
<br /> 7,lxnder does not have to do so.
<br /> Any amounu disbursed by I.ender un:ier this paragraFh 7 shall become additio:wl debt of Borrower socured by this
<br /> ��n,I�st�umet►q. Unleu gor�ower and L.ezsder agree to other terme of payment, these amou�ts shaU bear interest from the
<br /> dau of disbunen�ent at the Note rate and shall be payable. with interest. upon notice from [.endet to Borrower requestin8
<br /> = raytt"w.:w. c_'. -
<br /> ' 8.Mortgage Iusurinoe.If Lendcr rcquired mortSabe insurance as a condition of malnng tfie ioan securcx:�y��i�•��+r;
<br /> IRCtrume�►t. Borrower shall pay the premiums required w ma�ntain thc mortgage inwryue in effect. If. for any reason. the
<br /> pwrtgage insurance coverage required by Lender lapses or ceases to be in effect.Borrower shall pay the Pren►iums required to
<br /> obtain coverage substancially equivalent to the mortgage insurance Previously in effei.K, at a cou substantiallY e9uivalent to the
<br /> cost to Borrower of the mortgage insurance previoasly in effect, from an alternate mortgage insurer approvod bF L,ez�der• If
<br /> — substaiuially equivalent mortgage insurance coverage is noi available.Borrower stwll pay to I.ender each month a sum equal to
<br /> one-twelfth of the yearly mortgage incur�ana premium being paid by Borrower when the insurance covera8e lapsed or ceased to
<br /> — be in effect.Lender will accept.use and retain these payrnents as a�oss iesen'e in lieu of morcgage insurance. Loss resertir
<br /> fwn►3p28 9190
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