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<br /> � S. H�rd or Property la�ur�nce. Borrower shpti keep the impruvemenw now exf�ting on c�reafter eroct�d on thc
<br /> Propeny insurod u�ai�t loag by fire,hurarda included wilhin tha term "extended covernge' arKi any other hazardr, incla�ding
<br /> .x� flads ar floaJing,for which Lender rcquirea insurance. This insuronce shnll be maintained in Ihe amcwntR wxi f�r�he pericxls
<br /> - _-_ -- that Lender requir+_s. The in4tn�nr��ar►i�r�+mvi�iin�th� incnranrr shnll M•rhntien by li�►rrower subJect Io Ixncler's approval _ _.
<br /> - � ly�i.. ' �,_ which shull iwt be unreascmabiy withheld. If Borrower fails ta muintain coverugr de�crlbed abnve, l.ender may, ut lxnder'�
<br /> optian,obtain coverege to prateet l.eruler's rlghts in the Property in uccordance witFi parograph 7.
<br /> :. All insutance polieie�and �enewuls sh�ll be acceptuble to Ixnder und shall include u standard mortgagc elauce. L.ender
<br /> �"' shall I�avc thc dght to hold the polieies und renewnls. If Lender rcquircs,Horrower shnll prnmpdy give to Lender all receiptc of `__
<br /> - �` paid premiums and rencwal notices. In the event of loss,Borcower chall give prampt notice to the insu�ncc carrier and I.ender.
<br /> — ,;v�+ , � , l.ender may make proof of losc if not mude promptly by Borcower.
<br /> '�°'�-^x-"•'--- Unlecs Lender and Bormwer otherwlse ugree in writing, insuranre procceds shall be applied to restoration ar repair of the
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<br /> �. � Property damaged.if the restoration ur repair is oconomicnlly feasible and Lender's recurity is not lessen . t e restorat on or
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<br /> 1�;.:�� :.:�.��� repair is not ernnomically feasible or L.ender's security wauld be lessened, the insurance procceds shall be applied to the xums
<br /> ------�:�--''—';=�.'_=�. secured by this Security lnstrument, whether or not then due. with any excess pnid to Borcower. If Borrower obnndons the
<br /> .,.:. : PropeRy,or dces not answer within 30 days a notice from L.ender that the insurance carrier has offered to settle a cluim. then
<br /> - �:'���::iro;;..;', � l.ender may rnpect the insurance proceeds. Lender may use the proceeds to repa�r or resrore the Property or ta pay sums
<br />����,�. �,,�.,� secured by this Security Instrument.whethcr or not then due.The 30-duy periad wili begin when the notice is given.
<br /> __._ �. �.,,,.�,,,�^�.� Unless Lender nnd Borrower otherwise ugree in writing. eny application af proceeds to pr�ncipul shall not eatend or
<br /> ����+�-�-�� postpone the due clate af the monthly pAymenta referred to in pnragraphs i and 2 or change the nmaunt ai the payments. If
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<br /> �'y;�:..,,. ��_; under parngrnph 21 the Property is acquired by l.ender,Rorrower's right to uny insurence policies aad praceeds resulting from �
<br /> :" ..-�. -- - d u m a g e t o t h e P ro p e rt y p r i o r t o t h e a c q u i s i t i o n a h a l l p a s s�o i.e n d e r t u t i x e x t�n t u f I h e s u m s s e c u r e d b y t h i s S e c u r i ty I�s t r u m e n t
<br /> --=f t,• . ,,; immediately prior to the ecquisitiun. `-
<br /> :r=;��"�`°'-��`"`'�`-. 6.Occupancy,PreservAtion�Mpintenance and ProteMion oP thc Praperty;Borrower's l�wn Application;Leaseholds. �
<br /> =�� � � �� ..� Borrower shall occupy,eswblish,and use the Property as Borrower's principal residence within sixty duys aftcr the execution of `
<br /> " � ' � this Secu�ity Instrument and shull continue to accupy the Property uF Borrower's principal residence for nt Icnst one year after _
<br /> `-'-��--?' ••'•°-''":���- the date of occupnncy,unless Lender othenvise agrees in writing, which conrent shull not be unreusonably withheld, or unless -
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<br /> �� � extenuating circumstances eaist which �re beyond Borrower's cantrol. Borrower shull not destroy, damage or impair the �
<br /> -~:� ` � -• Property, allow thc Propeny to detedorate, or rnmmit waste on the Property. Bormwer shull be 1n defuult if su�y forfeiture
<br /> -'_' ' ^ action or proceeding, whether civil or criminnl, is begun thut in l.ender's good faith Judgment could result in forfeiwre of the
<br /> 'g��. pmperty or otherwise meterially impair the lien creutc.•d by this Securiry Instrumcnt or I.ender's security interest. Borrower muy
<br /> _ � ' cure such a default and reinstate,a.4 provided in paragraph 18. by causing the action or pracee�ing to be dismissed with a ruling
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<br /> — -- thai, in i.eniier'a gu�xi faiiii dCirr�uivatiuii, prcxiude� iarfeiture af ih� fiarrower's irttcrest in thc �'roperty or othcr matzria!
<br /> - impairment of the lien created by this Security Instrument or l.ender's security interest. Barrower shall ulso 1►e in default if
<br /> -�=i: � � , Borrower,during the loan applicAtion procetiti,gave mAteriully fulse or inaccurate inform;ition or statements to[.ender(or 6�iled
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<br /> .'�:. �`�} • . � to provide L.ender with uny material informution)in connection with the loun evidenced by the Note, including,but not limited
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<br /> _ , ��}� ' to,representntbns mnceming Borrower's occup:�ncy of the Proper.y u�u principal residence. If this Security Instrument ic un a E''�''•
<br /> ">'•�" " leasehold, 8orrower shull comply w�ith ull the provisions ot' the le�se. If Borrower acquires fee title ro the Property, the �-'�-
<br /> ' , � leaxehold nnd�hc fec titic�hall not merge unlesx Lrndcr agrces to thc mergcr in writing.
<br /> _ >�, 7. Protection of l.ender's RiRhlc in the Prnperty.If&�rrower fuils to perfiirm the covenunts und agreements cnntained in
<br /> _ ' . .�r,,,,;,,,,,,,,:,,,.• this Securlty Instrument,or there is u Icgal prix:ccding that may si�nitirandy affect l.cndcr's rights in the Prupeny (such as a _--
<br /> _ � • �• praceoding in bunkruptcy, probnte, tor condemnuti�►n or forteiture or t�i enforce luws or rcgulutionsl, �hen I.ender may do and
<br /> -��'� °". . pny for whutever is neceysary [o protect the vulur ut'the Prnperty und LenJer's right�in the Propeny. I.ender'ti uctions may ----
<br />_���7' � include paying any sums s�cured by A licn which hu� priority ovcr �his Securiry Imtrument, appesiring in court, paying """'
<br /> �� „ re•rsonable atmrneys' fees und entering c►n the Pmperty to mukc repvirs. Althaugh Lendcr muy tuke actinn under this paragrapn a;�=..
<br /> �,� � ��,,,,,y ,, y� 7.L.ender does not huve to du so. —M1=:
<br />-_.i , � � Any umounts dishursed hy L.cndcr wider thiti parugraph 7 shull bec��mc :�dditionul debt af &irrower secured by this �--�
<br />•�` � ' ' " Security Instrument. Unle�s&mnwcr und Lciuicr ugrcc tu othrr termx of payment, these amounis shall bear interest from the --�
<br /> - ��� '`�� date of disbursement ut �he Nate rate smd shall be payable, wi�h imerest, upon notice from L.cnder to Borrower requcsting �
<br /> - � � payment.
<br /> �.. , ,R- „ 8. Mortgage Insurance. If Lcixlcr rcyuircd mortga�c insurAnce as u conditiun of muking the loan secured by this Security =
<br />: . ,;,• ° Instrument, Borrowcr shall pay the prcmiums rcyuired to rnuintain the mortgagc in,urunce in cfPect. If, 1'or any rcau�n, the
<br /> •. � mongage insuranee roverugc reyuir�d by Iw:ndcr Inpse�or ceascs t��he in rffect. Barr�►wcr.rhall pay thc premiums required to
<br /> - ��,�'Y:� obtuin coveruge substantiully equivulent to the nuingvge insurunce previou.r•ly in rfl'cct,ut u ros� wbstuntially eyuivnlem to the --
<br /> � • cost to Borrower of thc man a e inmurance rwiousl m cl'fcct, frum an �Itcrna�c mon�a�c in�urcr a mved b Lender. If - -
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<br /> � ° " ' subKwntially cquivulrnt mungu��insurunrc cuveruFc i+not availablc,Harruwcr�hall pa�� ta Lcndcr c•rch munth n tium cyuul to •�
<br /> � . „ • one-twelfth cif Ihe yeurly morlEuge insurancc prcmium IkinE puiJ b�•B��rr�iwcr whcn thr insuruncc ruveru�c lup.ed or ceuseJ to ,,.
<br /> be in effect. l.ender will ucce t,use u�xl rewin�he�c a men t.u� u l os. rc�r rv c i n l i r u c�1 m�►n u c i ns u r u n c e. Lo�s r�.c rv e �.
<br /> .� P F' Y FR
<br /> , ? Form 3028 8180 � ,
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