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<br /> 8. Hasnrd or Praperty Iasurnnce. Borrower shall keep the improvement� now cai�tfng or hercaNer erected on the
<br /> Property inaured a�eitwt loss by tire,he�ards included within thc tcrm "oxtendod covcraQe" and w�y�ther Iwzard�. including
<br /> - "= - '° _" fiada or ficxiding. for which L.encter reyuirea inrsuunuKS. Tiiis iiwurwNx n{wfi Lc��wf�itwneJ iu Ihn unnwuir wKl iu1' ihC�riods
<br /> = that[.ender requires.The insurance cstrrlec providing the in�uruncc r.hull hc rhaK�i hy Borrowcr r�uhjcci 1��I.cndcr's upproval
<br /> which ahull not bc unreasonably withheld. if Borrower fails to nwintuin c�►vcrugc JeMritkd ulwwc, I.tinJer nu�y, at Lender'R
<br /> ,.:,_� � optlon,obmin coveroge to pratect[.ender'c right�in the Prc�peny i�ac:ordwnce with�r�grx�h 7.
<br /> - All insurance palicies and rcnewals shnll he ncceptable to l.encler aixl Hhell inrludc a �lei�lurd nK�rtgegc clauFC. l.ender �
<br /> � � shall havc the dght to hold the policies and renewuls. If l.cnder requirc�,Borrnwer�hall prompUy Kiva to l.endcr aU receipts of
<br /> = pald premiums and rcnewal noticac.ln the event of loss.Borruwer�hell Qivd prampt twtice tn the inwuriuice wrrier Lnd L,ender.
<br /> . .k L.ender may malce proof of loss if aot made prumptly by Bonower.
<br /> -- —'—" Unless Lender and 8orrower otherwise agree in writing. insuraruc pr�Kceds xhall he upplfcd t��resturudun ur rcpuir of the `
<br /> - - - ---- Prope�ty demaged.if the restoration or repair ia economically fea.gible and Lender'R security iz nut Icsscned. If the restoration or
<br /> -�-�-•—�°�°�°��� repair is not economically feesible or Lender's security would he IeR�cned,thc insurunce pn�cocclw Khull be upplial to the sumv
<br /> �� secured by thia Security Ins�rument. whether or not then due, with nny axcess paid to Borrower. If Borrower abandons tha
<br /> Property. or daes not answer wi�hin 30 days a notice from Lender that the insurunce cumer hux ofFered t�ticttic r claim, Ihen
<br />-�,��,������ I..ender may collect the insurance proceeds. Lender may use the proceeda �o repair or rextur� ihe Pmpeny nr tc► puy �umr
<br /> �"1"`°�" ;�-�-,'� secured by this Security Instrument,whether or not then due.The 30-duy periad will t�egin when the n�tice iK given.
<br /> �� _ Unless Lender and Borrower otherwise agrcc in wrlting, any applicalion of praceedg to prfncipal Khell ruit exrend or
<br /> —:.s::��,,�,� postpone thc due date of the monthly payments referred ta in paragrepha 1 and 2 �r change the anuwn� of the payments. li
<br /> -.==� �:-.,.as:.F�m under paragraph 21 the Propeny ls acyuired by I.�nJer,Burruwer'a right to uny insurunce pollcies end praccaiti rcyulting from -
<br /> T" � • •.� ...'.y� damage to the Propeny prior to the acquisition shall pass to[.ender to the extent of the sumx sccurai by this Security Instrument
<br />'-.,.1'.,. A. I�S'•R',
<br /> ^ ier�;�, a'�.�:.ro.•;: " immediately prior to the acquisition.
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<br /> :- �.�;�;•� ,�-+� y�� 6.Occupancy,Prescrvation,Mpintenance and Protecdun of the Properly;B�rrnwcr's I.oan ApplfcAUoni l.cascholda.
<br /> � �',��'�"�''. Borrower shall occupy.establish,and use the PropeRy a4 Borrower's pdncipnl residence wlthin aixty days uflar the execution of
<br /> -, � • "`�� �`� "�'�•�'�' this Security Instrument and shall�ntinue ta occupy the Property as&►rrower'x principal residence For at le�t ane yeur after
<br />;"� '� -���==�:t: the date of occupancy. unless I.ender otherwise agrees in writing, which consent shall not be unrca.wnobly withheld,ar unless
<br />::�,�% extenueting circumstances eaiat which are beyond Borrower's control. Borrower shall nat destn�y, damage or impufr ti�t
<br /> :r� �.. •.:. ��. _
<br /> ' .; �- Propecty. allow the Property to deterforate,or commit wuste on the Propeny. Barrawer shull be in default if uny forfeiturc
<br /> _ _ ���a�,' action or proeeeding, whether civil or edminal, is begun that in L.ender'x ga�d fuith judgmeni could rexult in farfeiwre af'the
<br />' r " � • Property or o t h crw ise m e t erially im pair 1he lien created b y this Securit y Instrument or Lender's securit y intcrest. Barn�wer mA y
<br />_ � -.. . eurc nuo1�n Scf�uli�uxi rzinstate,as providcd in paragraph 13,by causing ihe action ar prcfcerding:u be dismio�,ed with:�rulfnS
<br /> . <,+.•,�'+� ' :'`' tl�at, in Lender's good faith determination, precludes forfeiture of thc Borrowcr's intcrest in thc Prupeny��r othcr muterial
<br /> . ��""" �':°'�"' irnpAinnent of the lien created by this Security Instrument or Lender'K security interest. Borcower shull also be in default iF -
<br /> ��': ��� Borrower,dudng the loan application pracess.gave materiully fnlse or inaccurute infomwtinn or atatementc lo L.ender(ur fuilud
<br /> , • . '�"�."° " : to provide Lender with any material infarnwtion)in connectiun with the loan eviJencal by thc Nate, including. 6ut nc�t limiteii
<br /> . • � :�_+;.:;,r:.�. to,representatiom conceming Borrower's accupancy of the Propeny av a principal residencc. If this Sccurity Intitrument is an a
<br /> ,,. .•,��w:��•t, ��
<br /> leasehold. Borrower shall comply with all the provisions of the lea�e. If &irrower ucquires fee title to the Pri�perty, the
<br /> � ��� teasehold and thc fee title shall not merge unless Lender ugr�:ex to the merger i��writing.
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<br /> ,�.'��' , ,�,.�,,,,,,,,,,,,� ,,. �, 7.Proteclbn of I.ender s Rlghts in the Property.!f Borrawer fuils to perfann the cuvenun�s und wgreemenir contuin�l in
<br /> "+• � � °� • this Security Instrnment,or there is a Icgal proceeding thut muy signifiruntly uff��t I.enJer's rights in the Prupeny (cuch u.v a
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<br /> ,= �..:�.y.._;�� pwc�lL�g in bankruptcy, probate, for condemnation ar forfeiturc or t�i en£orec lua•r ur regutation�3, thcn l.ender may Jn and �
<br /> �~ �����c pAy for whatever is neces!cary to protect thc value of thc Prapeny and Lendcr's righls; in the Propchy. Lender's ucdunti muy �
<br />'��° '�''� ' �°' ' include a in an sums secured b a lien which has riorit over thi� Sewrit Instrument, u rin in coun, a in —
<br /> ,.. P Y B Y • Y P Y Y PP� B P Y B
<br /> " � ,,�,,,,,,,,,,,,, �' reasonable attomeys'fees and entering an the Property to muke rcpairs. Although Lender muy tuke uctinn under thix psuugraph
<br /> 7.Lender dces not have to do so. —
<br /> �#";' �4 '"^" An amaunts disbursed b Lender under �his aru ra h 7 shull l+ecome udditional debt of Bnnower x�cured b this
<br /> .t ;��� .�•.r. -�• y Y P B p Y
<br /> j. , p���°!��. Security Instrument. Unless Bonower and Lender agree lo uthcr tcrms�if p�ymcnt, thcse um��uo�s shnll hcar imcrest from the
<br /> . . datc of disbursement at the Note r�te Ulld ShAI) t)C PAYAhIC, with interest, upnn natice from l.cnder to Borrower reyues�ing _
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<br /> .,.r�w., . � payment.
<br /> �*�.. �`r`•` ' S.Mortgaqe Insurance. If Lendcr required monguge insurunrr as u rnnJi�ian uf muking thc loan sc�urcd by thix Security
<br /> ^� °� '��• �"`•"�'` Instrument, Borrower shnll pay thc premiums requircd to muintuin the mungugc imurunre in effect. If, for any rcution, the
<br /> ,h+ '' ` �` mortgnge insurence coveruge required by Lender lupses or rea,es to lx in etTect, Burruwer xhuU pay Uie premiumti reyuir�l tn
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<br /> obtain coverAge subuantiully equivulent�o the mortgage insurunce previously in eftect, at a rus�subs�antiolly equivalent tn the
<br /> � , • cosr to Borrower of tl�e mortgage insurance previ��usly in effcct, fmm un ukernute mongage in.urcr upproved by lw:nJer. If
<br /> � ` � `''' •• substantiully equivulent monguge insurAncc coveruge is not availahle, &irr��w�cr shull puy to Lender each manth u sum eyual tu
<br /> •. 3 • • , nne-twelfth of the ycurly mortgugc insuranre premium heing puiJ My [kirrnwcr when thr intiuranrc roverugc lup+ed ar crukJ tu
<br /> , , n ' be in effect. L.ender will uccept.use and retain thcsc p�ymentti a� a luss reticrvc iu licu uf murtgagc in�urancc. l.�i,. rcu�rve °
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<br /> . „ Fam 3028 9I�0 -
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