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<br /> 3. Warnrd or Property Insurance, Borrower shaA kecp tho inigrovemcnts now existi�ig or tierea�fter erectcd on the
<br /> Praperty insurcd against loss by fire,harArds included witiiin the tcrm "cxtendcd coveruge" nnd nny other hnzaads, incfuding
<br /> flcmds or floodtng, for.which Lcnder requlres insurnnce. This insurancc shnll bc maintaincd in the mnounts nnd for the perlods
<br /> �hat L.ender requires. The insurunce carrler providing the insurnnce shall bc:chns,en l�y B�rrowcr subject to l.ender's approval
<br /> which Ehnil not be u�u•c�sonably withhcld, if Borrawcr fails to maintnin coverage described above, Lender mny, nt Lender's
<br /> �piiori,U�1Yil1(1 CUVeiAj;C[U plYltCC[LCIIdCP's�Ia}ItF�t1 thn Vrnrwrtu fn ur�..���^�::'1:I:�u�«biuf.ii i�.
<br /> All insurnnce policies and renewals shall be ucceptAble to Lender und sh�ll include a stundu►•d mnrtgage cluuse. I.e�xler
<br /> shall hnve the right to hold thc palicica and rencwals. If Lender rcqulrcs, Iiorrowcr shull promptly give to Lcndcr all receipts of
<br /> paid premiums und renewal notices. In the event a�f loss,Borrower shall give prompt notic�ta the insurance cnrrler nnd Lender.
<br /> Lender may make prouf of loss if not made promptly by Borruwer.
<br /> Unless I.snder and Borrower otherwise agree in writing, insurance proceeds shnll 6e upplicd to restorntian or repair of the
<br /> Pra�^,ny damaged,if the restoratton or repair is economically feuslble und I.endsr's securily is not lessened. If the restomtim�or
<br /> repair is not economically feasible or Lender's security would be lessened, the insurance proceeds sh111 be applied to the sums
<br /> secu:cd by this Security Instrument, whetheti•or not then due, with nny excess paid to Borrower. If 8orrower abundons the
<br /> Property,ur does not nnswer witl»n 30 dAys a notice t�rom Lender that the insuiance carricr hes offered to settle a claim, then
<br /> Lender may col!ect the insurance praeeds. Lender may use the proceeds to repair or restorc tha Property or to pay sums
<br /> secured by this Security Instrumcnt, wl�ether or not then due.The 30-day periad will begfn wl�en the notIce is given.
<br /> Unless Lender and Borrower otherwise eFree in writing, any appllcation of proceeds to prirtcipal shall not cxtcnd or
<br /> postpone thc due date of the monthly payments refen�ed to in paragraphs 1 and 2 ur change the amount of the payments. If
<br /> u��der pamgraph Zl the Property is ucquired by I.entier, Borrowcr's right to any insurance policies and proceods msult3ng from
<br /> dam�fie to the Propeny prior to tha acquisition sfiall pass t�I.ender to tlie extent of the•sums securcd by this SecurIty[nstrument
<br /> immed'eatcly priar to the acquisition.
<br /> 6• Occupancy, Preservattou,NYAtntena�ice ancl�•�►tection oF the 1'roperty;Horrower's I,oan Appltc�tion; I.easeholds.
<br /> Borrowcr shall occupy,establish,and use the Property as Bonower's principul residence withln sixty days after thc execution of
<br /> this Security Instrument and shall continue to occupy ihe Property As IIorrawer's principal residence far ut least one year after
<br /> the dute of occupanc,y,unless I.end�r otherwise agrees in writing, whici�consent shull not be unreasonably withheld,or unless
<br />; �xtenunting circumstanecs exist which are beyond Borrower's control. Bonower shall not dr,�troy, demafie oa imp$ir the
<br /> Propeny,allow the Property to deteriorute, or comsnit waste on the Property. Sorrower sha4 be in default if any forfeiturc
<br /> action or procceding. whether clvil�r criminal,is beg�m that in Le,�der's cood faich judomr�t�n��f�pZ:;n fort'situr;,af:35:� -
<br /> F'roperty or otherwlse mutarially impair the lien created by this Security Instrunient or Lender's security interest.Barrower may
<br /> cure such a defnult und reinstate,as provided in paragrnph 18,by causing the nction or proceeding to be dismisscd wIth a ttiling
<br /> that, in Lcnder's good f�ith detciminntlon, precludes forfeitur�of thc Bonower's interest in the ProQcrty or othcr mutcrial
<br /> impairnxnt af'the lien created by this Security Instrument or Lender's sacttriry interest. Borrawer shall also be in default if
<br /> Sonower,durinK the loan application process. gave materiaUy false or inaceurnte information or statements to d,ender(or failai
<br /> t4 provide I.ander with any material enfurmxtion)in connxtion wlth the loatt evidenced by the Note,including,but not limited
<br />, to,repr�esentntians conceming Bprrower's occupancy uf the Property as a princlpal residence. If this Security Inshutnent is on a
<br /> leasci�old, Aorrower shall comply with afl the provisio:�s of the lease. If Iiorrowcr acquires fec title to thc Property, thc
<br /> leasehold end thc fa title shnll not merge�nless Lcnder agrces to the mergcr in writing.
<br /> 7. Protectt�n of Ixnder's RigF�ts in the PropeMy.IS Borrower fails to perform the covenants and ag�ecments contaiaed in
<br /> this Security Instrument., or chere is a legal procceding that moy significantly affect I.ender's rights in the Property (such as a
<br /> procceding in bankruptcy, probate. for mndem��ation or forfaiture or to enforce laws or regulations), then L.�nde.c may do and
<br />. pay for whatever is necessary to protect the vatue of t9►e Property and[.ender's rights in the Property. I,ender's actions inay
<br /> includc paying any sums socured by n lien whieh t��s priority over this Sccuriry Instrument, appearing in rnurt, paying
<br /> zcsson�ble attorneys' fces and entering on thc Property to mikc repairs.Although I,cnder may take nction nnder this paragraph
<br /> 7. L,ender does not have to do so.
<br /> Any amounts disbu�sed by Lerader undcr this paragraph 7 shall bccome additional debt oF Bortower securcd by this
<br /> 5ecurity lnstrument. Unlccs t3orrowee mic! *.e.:s3e;agrc;,to otye;t�►u�s ot'payment,diese amotmts shs7e S�ear intercst f�nm the
<br /> • date of disbursemcnt at thc Note rate and shall be pnyable, with intcrest. upon notice from Lender w Sorrower rcqucsdng
<br />• payment. �—
<br /> 8. Mortg�ge Luurance,If Lender re.c�uired mortgaFe insurance as a condition of mak3ng tlie loan securod by this Security
<br /> tnstrumcnt, Borrower shall pay tttc premiums rcquired to maintain thc martgage insurancc in effect. If, for;my reason. the �
<br /> mortgage insumnce coverage required by L,cnder lupses or censes to bc in effeci,l3orrower shull pay thc premiums �rquired W
<br /> obtain covcragc substantially equivalent to the nwrtgagc insurance proviously in cffect. at a cost substantially equivalent to the
<br /> �ost ro Harrower of the mortgage insurance previausly in effect. from an altematc mortgage insurer npprovod by Len�er. If
<br /> substantially cquivalent mortgagc insurancc covcrnge is not nvail�ble, 13orrowcr shall puy to Lender cach month n sum equal to
<br />. orte-tw�lfth of thc ycnriy mortgagc inse�rance premium being paid by Bomawcr when the insurance coverage lapsed or ceased to ,
<br /> be in cffect.Ixnder will acccpt,use and retuin these payments as a loss rescrvc in lieu of mortgagc Insurar�ce. Loss rescrve �
<br /> � Fam 3028 srso �
<br /> Ppe 3 of 0
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