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<br /> " S. Hazurd ar Property Insw•uncc. I�orrowcr shull kecp thc imnr��vemcnts now exititing ��r liarc��ttcr crcctcd on tlic
<br /> ��:u�-•: Property insured ugainst lass by fire, hu•r.urds included withiit the term "extended coveruge" imd any��thur lu�xurds, including
<br /> •�• • � fliuul.or fl�xxlint;, fbr whirh l.enJcr rcyuires insurnncc. 7'his insurancc shall bc maintaincd in thc umountr,and !ur thc pericids
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<br />=:"F� that l.ender reyulres. The insurunce car�ier prewiding the insuriaice shnll be chosen Uy Horruwer suhjert tu I..ender's nppn�vsQ
<br /> �'���� which shall ni+t bc u�in:asmsubly �vithheld. If Borrowcr fc►ils ta mainc�in covcragc dcscribed above, L�:nciar may, ut Lendcr's
<br /> �� optiim, ubtain covcragc to protcct Lendcr's rights in thc Praperq� in aecorduncc with pa�agr.�ph 7.
<br /> All insurunce policies nnd renewuls shall be acceptuble to L.endcr und sho►ll include n stnndard mi�rt�n�u cluuse. I.ender
<br /> _��-�'.�' shall havc thc right to hold the pulicies and renewuls. If Lender requires,aarrower shall prompdy give to L.�nde:r all receipts of
<br /> ': :� paid premiums und renewul notices. In the event�f loss,Borrower shull gi�e prampt notice to the insurance curricr und Lcnder.
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<br /> r�• I.ender may make proof of luss if not madc prumptly by Bonower.
<br /> -���x�;�� Unlcss Lendcr und Borrawcr otherwise agree in�vriting, in�urtmcc peocccds shall bc applicd to restoration or rcpair of thc
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<br /> y���^ Property dumagcd.if the restoration or repair is economir,ully fcusibtc and l.endcr's security is not lesscncd.If tY�c restorntion or
<br />�-`.'•.'"`�� rep�ur is not economically feasible nr Lender's sccurity would be lessened, the insurance pruceeds shuU bu npplied to the sums
<br /> °-����"� secured by this St:curity Instrument, wh�ther or nat then due, witli nny excess paid to Bonower. if Burrawer ubundons the
<br /> v�' Propc:rty,or docs not answcr within 30 days a notic� from I.ender that thc insurancc curricr has offered [o scttle a claim,then
<br /> _°_= l.e.nder may callect thc insur.►nce procceds. Lender mny use thc procceds to repair or rcstore the Prupnny m� ta pay sums
<br />-"'�"`-� secured by this 5ecurity Instrument,whether or not then due.Tl�e 30-ciay periad will 6e�in when the notice is giv�n.
<br /> "_�_� �nless Lender und Borrawer othenvise agree in writing, any upplicntion of pracceds to principtd shull not extend or
<br /> -'°"=��'i postpone the duz dste of the monthly payments referred to in paragraphs 1 and 2 or change the amount of thc pnyment�. If
<br /> - under paragraph 31 the e'tvpeny is acquired by L.:.nder, Boiro�ver's right to any insurance polic:ies and�ra:eeds resultinII frqm
<br />;,-:r�,�;.a4s
<br />=_----- damage to the Property priQ.r to the acquisition shall pass to Lender to the extent of the surns secured by thitti Security Instrument
<br /> immediately prior to the t�a�uisition.
<br /> 6.Occu{�ncy, Preservation,I�alntenance wnd ProY�cttoa of the Pruperty;Borrow•ee's Lonn Apnlieabian;I.exsehol�ls.
<br /> Borrower shall occupy,establish,and use the Propeny as Bormwer'!e principal residence within sixty days x[ter the execution of
<br /> - this Security Instrument und shs�ll continue to occupy the Property as Barrower's principal residence for ut least one year after
<br /> the date of oceupancy, unless Lc:nder otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless
<br /> - �x�»r.�tinb �ir�zms�.�.^�� �:Yist which �rP heyond Bormwer's control. Borrower shall n�t destroy, dcunuge or impair the
<br /> Property, al(ow the Pro�.*�rty to deteriornte, or commit waste on the Prupeny. Borcower shall be in dafnult if any forfeiture
<br /> -�-- action or proa�,ding,w�hzther civil or criminal, is begun that in L,eader's sood faith judgment could reE,ult in forfeiture of tha
<br /> Property or otherwise mar.rially impair the licn created by tliis Security Instrument or Lendcr's seci►rity inlr,rest.Bonowcr mn»
<br /> cure such a default and c�instate,as provided in paragraph IS,by causing the action or proceeding to b�s d�smissed with a r�nZettb
<br /> thnt, in L�ender's aood �aith determination, precludes forfciture of the Borrower's interest in the Pit�pr.rty or other materi�l
<br /> impairment of th: lien created by this Security Instrument or L.ender's security interest.Borrower shult dlsa bc in default if
<br /> Borruwer,durim�the loan application process,�uve materially false or inaccur�te information or statemcnts to l.cr.der(or failed
<br /> to provide.l.znder with any material information) in connection with thc loan evidenced by the Noto,inoluding,but not limited
<br /> to,tepresenwtions wncerning Bano�ver's occupancy of the Praperty as a principal residence. If this Sr:ctirity Instrument is on n
<br /> Ieasetiolcl, Bonower shall comply with all tiic provisions of thc leuse. If Borrower acquii�es fee titt�: to tlie Property, the
<br /> leasehold and the fce title shall not merge unless Lender abrocs to the merger in writing.
<br /> � 7.Pmtent3on of Lender's Rigl�4s in the Property.If Borro�vcr fails to perform the covenants and agreements contained in •
<br /> this 5ecunty Ynst�ument, or there is a legal proceeding that may significantly uffect Lender's rights in the Property(such as a
<br /> - - proceeding in bankruptcy,probate, for wndemnation or forfciture or to enforce laws or regulutions),�tZen Lender may do nnd
<br /> f pay for whatever is necessary to protect the vnlue of the Prape�ty nncl Lender's ri�hts in the Prupeny. l.cnder's ucHons may
<br /> - inciude paying any sums secured by 3 lien which has priority aver this Sect+rity Instrument, appoaring in court. paying
<br /> __ reasonable attorneys'fees und entcring on the Property to malte repairs. Although Le�nder may take or,tion under this paragraph
<br /> -- 7, L.ender dces not have to do so.
<br /> — Any amounts disbursed by Lender under dds paragiupl� 7 shall become additional debt of Bortower secured by this
<br /> '. Security instrument. Unless Bonower and L.ender agrec to other tcrms of psyment, these amounts shull bear interest from the
<br /> date of disbursement at the Note rate nnd shall be payahlc, with intemst, upon notice [rom Lender to Borrower requesting
<br /> payment.
<br /> __-_= � 8.Mortgage Insurance.If Lender requimd mortgage insurunce as u condition of making the loa�i sec:ured by thls Securiry
<br /> Instrument, Borrower shafl pay the premiums requirod to maintaiu the mortgage insurunce in et.�fect. [f, for any reason. the
<br /> tnortgage insuran�e coverage requir�d by Lender lapaes or censes to bc in effi;ct, Borrowcr shutl pay thc premiums required to
<br /> � obtafn coverage substuntially equivalent to the mortgage insurancn previously in effect. at a cost substantially equivalent to the •
<br /> cost to Bonower of the mortgage insurance previously in effect, from un alternute mortg�ge ensurer approvod by Lender. If
<br /> — subst�ntial(y r�,c�uivulent mortgage insurunce wvernge is not available,Horro�ver shall puy to L�:nder each month a sum equ:il to
<br /> � ----- one-twelfth of the yeurly mortgage insursu:ce premium being paid by Borro�ver wlten the insursn�,coverage lapsed or ceased to
<br /> ---= � be In cffcct. Lender�vill accept, use and retain these pnym�nts us a loss reserve in lieu of rno�tgagc insurance. Loss rescrve
<br /> --=== � Form 3028 9180
<br /> -_-- P�po�ot 8 .
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