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<br /> :�. �YRS��d ur �ru�tity r�:;ui�ai�:c. tien�rawcr ai�;ill l�c::�� ei:c; iu�pruvcui:nts unw cxistinc; �in c�rc�ilcr erectect on d�r,
<br /> �'roptrty insurttl uga6n�t Iny9 by tirr,lui'turQ� included withln Ihc term "r,xeendcd covcruge" nnd nny atheP fIA7AT(�9e including
<br /> naxi�c,�tlaoding, fur which I.encl�r r^_quites insurance. 'This 9nsarance xh�11 I�maintaimxi in thc amaunts aixl far thv peric►ds
<br /> that t.ender reyuires. The insuran�c cr+rrier�r�vl�ling�he insurance�hnit be chosen Gy Borrawer subJect w I..e�xler's t+ppraval
<br /> which nhall not He unrc,��ruebly wlthheld. If Dorrawer fai�A tu maintuin cnverage descrlbtci above, l.cixler may. at I,enaer's
<br /> n�tfan,obtain coverage tu pra�cect Le►xler's rights in the Pmpzriy in accarAaruo with paragraph 7.
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<br /> All insutxncr. pc>Ileiea atxl renewalg ahall tx, neceptable cu i..e� 4. ��1 �.1ia11 iticlude a star.�►'iC� titnri`n,n�e CIAUSC, i,ei er
<br /> st�li havc the right to hald the policies and nenew�ls.if l.endcr reyuircs.Barrower shAll�rromptly givc to I,.cnJer aU receipts uf
<br /> paid premfuma end re�xwel notices. in the ev�nt of loss,Borrower shall give prompt nottct to tlu insurance enrrier wncl l.ender.
<br /> Lendcr may m�ka prouf of losy if not mado promptly by Borrow�r.
<br /> Unless Le�xier an�J Borrower atherwisc agrx in writing, insurance procer,ds shall be a�plIed to restoration ot repair of thc
<br /> propGny damagcd.if thc restoretion or repair is economi�ally feasiblc and l,cndcr's security is not lessencd. If ti►e restoration or
<br /> rcpair is not ecoix�mica�lY frasible ar Lender's s�xurity wauid be les�ened, thc insurance proceeds sh�ll he a�+pliod to thc sum9
<br /> socurod by this Security Instrument, whether or not then due, with any�xcess paid to Borrower. if Aorrower ubandons the
<br /> Property, or does nat answer withiEi 30 days a notico from Lendtr that the insurance carrier has offercd to settle A claim, then
<br /> [.,enc{er may coltect the insuraner. proceed°. Lender may use the proceeds to repair or restate the Property or ta pay sums
<br /> sxured by this Security Ir.strument.w. .u.er or nox then due.The 30�day period will be�;in wtxn the notia is given.
<br /> Unless i.en�r arx{ Rormwcr otherwisc agree in writing, any application of procads ta principal shall not cxtend or
<br /> ���� ��,P duF.�iarS ot the monthly payments referred to in paragrnphs 1 and 2 or change tha amUUnt of the payments. If
<br /> under paragz�nph 21�thr. Property is acquirai by L.ender, Bormwer's ri�ht ta any insurance policies w►d pru�xc�ls izsui¢ing.#'r�sn `
<br /> dansage td the P'roperty prior to the acquisition shal!pass to x.ender:za tbse extent of the sums secural by this Socurity Insts�imett� ;
<br /> immediatatX prior to tho nccjuisition.
<br /> b,pceupa�cY7 Pc�e,Ser�dtion, Mointeew�ke and Frotection of tUe Propert�;'BR��'er's l.oan Appltcation{Leaseholds•
<br /> • Aorrower shnll accnpy.•estabttsti,atul usG the Property ns Borrower's principal r�tsidence within sixty da��s after the exa:utian of
<br /> thfs Security 1�stnunent and shall continue to acupy the Praperty as Borrower's principal residence fqr ut least o:�e year after
<br /> th�date of os:cupancy, unless Lender othcrwisc agrces in wrIting. wh{ch consent shull not be unreaso�u+bly withheld,or unless
<br /> extenuating circumstances exist which ure beyond &►nower's contrc�l. Borrower shall not destroy, damage ar impui� the
<br /> � pn�pecty, ailow tbe Property tn deteriorate. or comrnit waste on tho Propeny. Banower shall be in defi►ult if any forfeiture
<br /> action or pmcxding, whether civil or criminal, is begun thut in Lender'�good fnish judgment could result in forfeiture of the
<br /> pi.,Mny�r cxherwyse materially impair the lien created by this 5�curity Instn►ment ar�zndcr's security intCrest. Barrowcr may
<br /> cure such a default and ainstate,as provtdod in pamgc�►ph 18.by causing the oetion or procecding to oc u'ia��nu+'vd R�.�:rs�o:rd
<br /> that, in l.ender's goal fuith determinadon. precludes fodeiturt uf thc Bnrrower's intersst in the Nropeny or other m�terlal
<br /> imp�irnient of the lien cres�tod by lhls Security instrwnent ar l.cnder'x isocuriry intcrest. Aormwer�,hxll afxu be in dafwult if
<br /> Sorrow�r,during tl�e loan Applisation Fracess,gave materially fal�e or inaccuratc inFormAtion or statemcnts ta Lcnder(or fi(lai
<br /> to providc Lender with eny material information)in conrxxtion wlth the loan evidencect by thc I�tote,includinR,but not limited
<br /> to.nep�nwtions wncerntng Bc�rrower's occupar►cy of the Property as e pdnciPal residence.If ti�is So�urity Instrunknt is on a
<br /> � ItASChold, Horrow¢r sha11 complY with �ali the �rovisions of the lease• If Bornower scquires fec title to the Property. tl►c
<br /> leASChold and the fee tidc shall r�t merge unless Lendor agrees to the mr..rger in writing.
<br /> �q.protection o[I.emkr's Righfs In the Property.If Borrower fails to p�rform tlk coverwnts axi agrceanents contained in
<br /> this Socurity Instrument,or thero is a legal proctcding thst may significantly�ffxt Lender's rights in the Property (such ae a
<br /> proctoding in irankn�pccy, probate,for cor�demnation or forfeiture or xo enforce laws or regul�tian+), then[.cndcr rnxy do ariI
<br /> pay for whatever is necessary to protect the value of the Property and Lencicr's rights in the Propacy. Lendcr's xtions naey ..
<br /> incYode paying any sums.secured by s lien which�has priority ovet this �scurtty Instrument, appearing in court,,psying
<br /> r�.s�onsbic atturneys'fees ac�i entering on she Propetzy to make r.epairs.Althoogh Lender may t�ic,e ac.'uon undcr this patagrapb: ,
<br /> 7.[.ender.das ex►t hav�'to do so. ,
<br /> • Any; amounts dispprsed bY Le»der under thls paragraph•��sh�all Mxome addition9l det�t of Borrower securcd by thss
<br /> Seca�rity Instrument. Unlcss Borrowcr and L.ender ngrce to nther tem�.9 of paymcnt,these amounts shxll btar interest fram tt�
<br /> datc of disbursemtnt irt thc Note rate and shul4;bc,payable. with interesi..upon notice fmm L.encler to $orrower rcqucsting.
<br /> PAYmtnt. .. • '
<br /> g,I�I�xtsage Insur�nce.If Lender requ9ral mortgage insax�u�et as a condition of making the luan s�ttred by this•SCaariry ,
<br /> Instrument. Borrower shall pay the premiums requireci ta muiy�ivn the inoxtgage insuranca in effect. If, for any xsuscixd, the
<br /> nwrtgagc insurance covcra8e required by L.encter lapses or ceas�s to be in effec.t, Bonower shalJ pay the premiums�r'equiitd tu
<br /> obta�n cover�ge substantially eyuivalent to the mongage insura�ce previously in tff'oct,at a cust substantially equivalent.to the
<br /> cost to&�rmwer•of ti�e murtga�e insu►anse previously in effect,from an altematc murtgage insurcr approvcd by Lencicr. lf
<br /> suu��e�x1a�1 j�equi�at*tet mcrrtgage inseiPance wverage is not ava�iable. Boaower shall pay to Lender each month a sum equnl to
<br /> rrra�nv�:iRh of ttie yearly mortBaBe insurance premium bcing paid by Borrower wh�n the insumrsoe a�verage lapsecf or ceased•to '
<br /> ba incff'act:Cexider will accept,use 1nd tet2in thtse payments as n loss reseive in lieu of mortgago insurance. Loss reserve
<br /> Form 3028 9!W
<br /> Pp�3 oi e �
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