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<br /> S� Naxurd nr 1'roperty Insurnncc. Qorrowcr shull kccp thc improvenunt4 nnw cxiytln� on c�rc:�iftcr crcctcQ cm t6c ___
<br /> Property insurcQ ngalnst Ins�i by rrc, n��«���ay i���i��a�a Wia►�n a�� «�", "cxtcndui cav�r�igc" nnd ►my rnhcr hnrairdy. Incluzling
<br /> � tl�3�xls ur Ilu��ding, ti�r�vlilch I�:ndcr rcquires fnsurnncc, '1'h�s insurnncc hhnll{�c mulntnined In thc anu�unts und fur thc perf�cis _
<br /> thut I..cndcr rc4ufrcw.1'hC IIISUf(IIICC l'1U'fICC�1fOV�(Illl}}II14: I119UI'i[IICC 6llllll I7C CI1/15C11 Ily I�UI'CIIWI'P suhJcct to I�ndcr's nppruwil -
<br /> which hhtill nat bc unrc�sonubly +vithiicld, If fiorrowcr f+ills t��nu►intnin cavcrn�;c dcscribcd nbovc. [.cndcr inuy, at t,cnUCr'R
<br /> oDUon,obtaln cavcrngc to protcct I.cndcr's rishts in thc k'roperty in uccarJuncc witG pau�u�}ruph 7, -
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<br /> All hisur+mee palieies und renewuls shull be ueceptAble to l.ender nnci snaii inciuuc u niuudu�u iiiiii�bub� Gaa.'n". w......:
<br /> shall hnve the rigl�t to hold Nie�olicics nnd renewnls. If L.cndcr rcquires, Barcower shall pmmptly give to l.c:i�der nll receipts of
<br /> putd premiums and renewal noticcs. In thc evcnt of loss, Barrawcr shull givc pti�ompt natice to thc insuruncc curricr und Lender.
<br /> Lcndcr may makc proof uf losa if not made promptly by Barrawcr.
<br /> Unless I..ender and Borrower otherwise agree in writing, insurarice proccccis shall be applicd to restorntian or repair of the
<br /> P►Y�perty damage:d. if the restoratlon or repair is economically feusible and L.ender'r.secu�•iry is not lessened.If the restaration or �-
<br /> repair is nat ecanomically feasible or i.ender's security would be lessened,the insurnnce prnceeds shull be uppliecl to the sums
<br /> secured by this Security Instrument, wliether or not then due, with any excess paid to Horrower. If Borro�,ver abandons the
<br /> Property, or does not answer within 30 days a notice from Lender that the itts�rance canier hns offered to setlle a claim, then
<br /> Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay sunu
<br /> ser.ured by this Security Instrument,whether or not then due.The 3Q-day periad will begin when the notice is given.
<br /> Unless Lender ancl Borrower otherwise agree in writing, uny application of proceeds to principal shall not extend or
<br /> postpone thc due date of tlie monthly payments referrcd to in paragraphs 1 and 2 or change the amount of the payments. !f
<br /> undcr paragrlph 21 the Property is ucyuired by I.ender, Horrower's right to any insurance policies and praceeds resulting from
<br /> damage to the Property prior to the acyuisition shall pass to L.ender to the extent of the sums secured by th'ss Security Instrument
<br /> immediately pr3ar to the acquisition.
<br /> 6.Occupancy,AreservAtion, MainU:nance and I'ratection of the I'roperty;Borrower's Lou��Applicntian; Leaseholds.
<br /> Horrower shall occupy, establish,nnd use the Property as Borrower's principal residence within sixty days after the execution of
<br /> this Sect►rity Instrument and shall cantinue to occupy the Property as Borrower's principal residence for at least one yenr after
<br /> the datc of occupuncy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld,or unless
<br /> extenuating circumstances exist which are beyond Borrower's control. Boirower shall not destruy, damage or impair the
<br /> Property, allow the Property to deteriornte, or commit waste on the Property. Borrower shall be in defnult lf uny forfeiture
<br /> sctiot:^r rra�ee�!}�?g, whether civil or criminal,is begun that in Lender's good faith judgment could result in forfeiture of the
<br /> Property or otherwise�natcrially impair ths licn created by this Security Instrument ur Lcnder's security interest.t3onower may
<br /> cure such a default tuid reinstate,as provideJ in paragraph I8, by causing the action or procceciing to be dismissed with a ruling
<br /> that, in Lcnder's good faith determination, precludes forfeitut�e of the Bonower's interest in the Propetty or other+naterial
<br /> impairment of the lien created by this Security Instrument or Lender's security interest. Bonowcr shall also be in default if
<br /> Borrower,during the loan applicution process,gave materially false or inac;curate information or statements to L.ender(or failed
<br /> to provide Lcnder with any material informadon)in connection wi�h the loan evidenced by the Note, including.but not limited
<br /> to,representntions concerning Borrower's occupancy of the Prop$rty us a principal residence.If this Security Instrument is on a
<br /> leusehold, Bnrrower shall comply with ull the provisions of the lease. If Borrowcr acquires fee title to the Property. the
<br /> leaschold and the fcc title shall not mcrge unless L.ender agrees to the merger in writing.
<br /> 7.Protection of Lendfr's Rlghts!n the Pro�►erty. If Borrower fails to perform the covennnts and agrceix�ents contnined in
<br /> this Security Instrumcnt, or there is a Ie�:d proceeding thnt muy signfficantly affect Lcnder's riohts in tlie Property(such us a
<br /> procading in bankruRtcy, probate, far condemnation or forfeiture or to enforce Inws or regulutions).then Lender may do and
<br /> p1y for whatever is necess�ry to pratect the value of the Property and I..ender's rights in the Property. Lender's actions tnuy
<br /> include paying any sums secured by u lien wh�ich hns priority over this Security Instrument. appearing in court. paying
<br /> reasonable attorneys'fces and entering on the Property co mukc repairs. Altl�ough Lender may tuke action under this paragraph
<br /> 7,[.cndcr does not havc to do so.
<br /> Any amou�its disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br /> Sccurity Insttumert:. !1�i��s E�.:�"••'='=-"•� T=.'•dPr 3aje�' '"^thnr�rrmc�f n�ymrnt, thnce�mounts�hall bear interest from the
<br /> date of disbursement at thc Notc rate und shall be pnyablc. with interest, upon noticc from I.,�ndcr to Borrower requesting
<br /> paymcnt.
<br /> 8.Mortgage Insuranee.If Lender required mortgage insurance es a condition of mxking the loan secured by this Security
<br /> Instrument, Borrower shall pay the premiums required to maintain the mort�agc insurance in effect. If, for any reason, the
<br /> mortgage insurarice cover�ge required by Lender lnpses or ceASes tu be in cffect.Borrower shall pay thc prcmiums rcquirecl to
<br /> obtain coverage substantially equivntent to the mortgage insurnnce prcviously in effect,at a cost substantially equivalent tu thc
<br /> cost to Borrowcr of the mortgagc insurance previously in effcct, from an altcrnatc mortgage insurer approvcd by Lender. If
<br />- substuntinlly cquivnlent mortgnge insurance cuvera�e is not nvailable,Borrowcr shall pay to Lendcr eacli month a sum equal to
<br /> one-twelfth of the ycarly mortgage insurancc premium bcing paid by Bonower when the insurance coverage lapsed or ccased to
<br /> be in effect. Lender will accent,usa and retain these payments as a loss reserve in lt�u of mortgage insurance. Loss reserve
<br />- 1'�orm 3028 9/B0 -
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