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<br /> g. u.,;_,_...,•.� nr Nrnncrly l��surance. Rurraw�r �hall lccp thc improven�ent� rx�w cKiuing ��r hercaftcr crcctal un the _
<br /> Pmpeny in�urcd against los�b�• fire, h:�ard� IIK'ILL(�IYI K�ithin thc tenn'cxteiule�i cu�ci.:�;�" �� �_�)' u*.h:r ���!nl., incli�line
<br /> fla�.is ur flcxxiing, fur w•hich Lender r�quires ia�urance. This i�uurance shal! t�:n�aintaincd in the umounts and for the period�
<br /> tt�at Lcn�er reyi�ires. The imur�ta_carricc pmviding the insucance�hall be chokn by&�rruW'�r subjert to l.e�xler'r apUro�'a1
<br /> which shall nnt be unreason:►biy withh::ld. IF Fk�rn�wer fails to maintain cnverugr descri�d atune, Lender may, at L.eixier's
<br /> option,abcain co�•e�age to prutcci L�:ndCr's righu in the Pri�rt)•in arcorJ:uice with p�'��I�l,:h 7.
<br /> A'1 insuranec Fx�licie� und rene�vals stwll be uccept�le t�Leiuier and �hall inciud� a,aandard nu�rigage clause. LenJer
<br /> �Ji;r)I I;;;;r,ti�right co haJd Q�e policies 1nc1 ren:k'1ts.If Lender�equires,Bormwet sl�all pram�dv gi�•e tn I_ender all nceipts of
<br /> py,j�1���.r,iw�s aiul rencwal noticcs.In the e�•e�il of loss.Borro•a:¢ai�aU gi�.:4�r�in�pt�wti.:e to ihe insurnncc carrier and Lender.
<br /> Lciickr ir�.g• inike�rc�of of loss if�i:�mtuie pramptly hy Barr��wer.
<br /> L'n[css Le�ufcr auJ 13orrower othcrwise agree in writina, in.urance praceais shu11 bc appUed co restoratian ar repair af the
<br /> p�aperty damaged,if the restoration or repair is economically feasible and Lender'c security is not lettened. If the r�.titoration or
<br /> rcpair is not ceanomically fe:uible or Letxle�s s�curity would be Ic.ssen�l, the insurance procec�cis shall be applied to[he sun�s
<br /> �cured by this Security Instrument, whether or not then due, w•ith any excess p:ud to Bormwer. lf Borrower ubandons the
<br /> Propeny,or does nat antiwer within 30 days a nutice fram Lender that the i�uurana.�c carrier ha.i ofPere�tu settle u cl�im. then
<br /> I.ende� may collcct the insuranc:e prceeeds. L.er+dcr nuY use tl�e PTC+ce�ds �o re�ir ur restore the Propenv ar w pay sums
<br /> saured by this S�:curity In�trument.whether ar iu�t then due.Th::3Q-day period will begin witcn the nwic�ia given.
<br /> licalian uf' race�xls to riixi I �lwll iuu extend or
<br /> Unle�s Lecuier :uid &urower �uherwise aBree in writing, any app p P ('�
<br /> pcntpo»e the due date of the nw�thlY paYments reterred to in pan�raphs 1 and 2 or ciuuige tlu anwu�u aP ttu pay�ments, If
<br /> u�xier�agr�ph 21 the Propeny is:uquiral by l..endc�. Bon�W�r's sight to a��y incur�nce Folicies aixl procee�ic resulting from
<br /> danwgc to the Propeny prior to the:�cquisitiun shall pass to Lender to the cxtent of the swns sccureci by this Secu�iry lnsuvnxnt
<br /> inuuodiately prior ta the acquisition. �1�� I�se�a�ds,
<br /> 6.Oocups►ncy,PreservatloA,AlaInte�wnce and Protection af the Pmperty; Iiorrow•er's Loap APW
<br /> Borrower shall occupy,establish.and use the propeny as Borrower's principul residence within sixty days after the execution of
<br /> this Socurity Instrument und sha11 continue to cecupy the Property as Borrower's principnl residence for at least one year after
<br /> thc dute of cecupancy.unless Lender oiherwise agrces in writing.which consent shaU noe be unre�conably widiheld.or unless
<br /> extenuating circumstances exist whieh are beyond Bottower's cantrol. Fiorrower shall not destroy. damage or impair the
<br /> Property. allow the Property to deteriorate, or cummit waste on the Property. Borrower shall be in default if any forfeiture
<br /> xtion or proc�1• w'hether civil or criminal. is begun tha� in 1-ender's good faith judgment wuld result in forfoiture of the
<br /> Prupetty ar.athuuwiur:materially impair the lien created by this Stturity Instrument or Leader's security interest•Borrower may
<br /> cun:Sw:li:�default.�w+d reinstate,as provided in paragraph 18. by causing the action or praceeding to be dismissed wiato a niling
<br /> diac. it� C,�r.w.r's�cra9 faith detern�ination, precludes forfeiture of the Borrower's interest in the Property or otl�er material
<br /> im�ain�c of dTe [i.en created by this Security Instrument or Lender's ser.uriry interest. Barrower shall also be in default if
<br /> Dorrawer,during the loan application process.gave materially false or inaccurate infomiation or state�nenis to l.ender(or faitod
<br /> to pnrvi��.e l.ender with any material�nformation)in connection with the loan evidencad by the Note. including,but not limite�
<br /> to� representations conceming Bo�rower's occupancy of the Property as a principal resid�nce. If this Security Instrument is on a
<br /> icasriNiu, �rr�u� a'�! �x?!; Wl�.h Atl �he nrovisions of the le�e. If Borrower acquires fee titlo Lo the Property, the
<br /> IeaSehald and tlie C�e titte shap not merge untess L.e�der agrcrs to the merg�r in writing.
<br /> 7,protection of Lender's Ri�hts iu the Prc►perty If Borrower fails to perfortn the covenants and agreements containod in
<br /> this,S�cs:rEty Instrument, or there is a legal proceeding that may significantly affect L.ender's rights in the Property(such as a
<br /> pn�.,�isx�in baukruptcy.probate, for wndemn�tion or forfeiture or to enforce laws or regulations), then l.ender may do and
<br /> p�Y Fa�i�tever is necessary to p�tect the value of the Property and 1..ender's rights in the Property. Lender's actioas may
<br /> incCadz paying any sums secured by a lien which hac priority over this Security Instrument. appearinR in court. p�ying
<br /> re�axnble attorneys'fees and entering on the Property to make repairs.Although Lender may take action under this paragraph
<br /> 7,Leader does not have to do so.
<br /> Any amounu disbursed by Lender und�r this para8raph 7 sh�ll bocome additional debt of Borrower secu�d by this
<br /> Security Instrument. Unless Borrower and Lu�der agree to other temts of paytr�ent,these�mounis s1�11 bear interest fT°m tht
<br /> date of disbursea�ent ac t1�e Nou rate and sha11 be PaYable. with interest, upon notice from Lend�r w Borrow+er ro4ussun8
<br /> pay�ment.
<br /> 8.Mortgage Insuraece. If Lender required mortgage insurance as a condition of making the loan securod by this Secur�ty
<br /> Icnsm:ment, Borrower shall pay the premiums required to maintain the mortgage insur�nce in effect. If. for any�ason, ttn
<br /> mortgage insurance caverage requirad by Lender lapses or ceases to be in effect,Borrower shall pay the premi�urs required co
<br /> obtzin covcrage subst�ntially equivalent to the n'artgage insutance previotuly in effect. at a cost subst�ntially equivalent W the
<br /> co�t to Borrower of the motcgage insurance previously in effut, from an alternate mortgage insurer approved by Lender. If
<br /> su6st�ntially equivalent mortgage insurar►ce coverage is rat avai[abte,Borrower shall pay to Lender each month a sum equal to
<br /> oc►e-twelfth of the yearly mortgage incaratsce premium being paid by Borrower when the incurance coverage I�psed or ceactd W
<br /> be in effect.L.end�r will accePt•use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> Fpm 3028 9/S0
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