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<br /> . $. H�tAttrQ ur Pro�x�•ty Inynrmice. Nurrmccr tihadl krep �he impruvcmcm� nuw rxi,tin�t un c�rc,+l�rr crcctcd nn thc
<br /> . pruprrty in�ured uguiutil lutiti hy lire, hann��l, In�:lu�lcd within thcicrn�"cxtendc�l ruvcrn�;c" nnd niry utl�cr hnn►rdy. Including
<br /> Iluudr ur Ili�cdin�. �ur whirh l.cnd�r rrHuirr� in,w�mcd. '1'hin in.rwaucc sl�all 1�,� nu�int:iincd in thr ,un�,unt�;uid Iin•thc peri�ul.
<br /> ., , thiU I.cnJcr rcyuires. "fhc intiuramrc run•icr pruviding thr insurn�icctiiudl hc chu,rn hy R�n•ruwcr ,ul�jcrt tu l.ctidcr's uppruv.�l _
<br /> which +h:dl nol h6 unrcusunuhly withhcld. !f Hurr��wcr fnil+ to :inii�tain covcrugc dc,crihcd iihovc, l.cndcr nnry. ut l,endcr's .
<br /> .;rw,ae.� optiun.ohtuincovcrugc u�prutcrt l.cndcr'+rights in thc Properry inuccardancc with p.u•agruph 7. . .a:
<br /> ��..w��•r All insurancc pulicicx and renewnls shull hc acccptablc to Lcncicr und sh��ll inrludc a titandurd mongugc clr,usc. L.cndcr
<br /> '' shull huvc thc right tc�hold thc policics und renewalti. IP Lcndcr rcyuirc+,Borrowc�yhull promptly givc to Lc:ndcr ull rcr,cipts of
<br /> �� paid premiunis und renewul no[iccs. In tt�e evcnt uf lu,,, Aarrawcr sh:.all givc prompt notice ta the insurance carrier and Lender. �
<br /> Lendcr may nu�kc proof�if loss if not madc promptly by Horrowcr.
<br /> � Unlcss Lcnder and Horrower otherwise agree in writing, in5unncc proceeds shall bc npplied to restaration or repair of the - `
<br /> Property darnaged,if thc restoration or repair is economically fcusiMc und Lendcr's security is not Ics�encd.Tf the restoration or �';'
<br /> repair is not ecanomicaUy feusible or l.t;nder's security would b�I¢ssened, the insurance proceeds shall be applied to the sums
<br /> , secured by this Security Instntment, whether or nut then due, �vid� any excess paid to Borrower. If Borrower ubundons the
<br /> � Propeny.or daes not answer within 30 days a natice Prom Lenderihut the insuranee carrier has offered to setNe a claim,then
<br /> � Lender may collect the insurnnce proeeeds. L.ender may use t}ie proceeds to repair or restore che Properly or to pay suuis
<br /> secured by this Security Instrument,whether or not then due. Th�l0-duy period will begin when the noticc is given. _
<br /> Unless l.ender and Borrowcr othenvise agree in writing, any application of proceeds to principal shall not extend or
<br /> • ` postpone the due datc of the monthly payments refened to in pangraphs l and 2 or chungc the am�unt of the puyments. If
<br /> � . � "" under parngraph 21 the Property is acquired by Lender, Borrowcr's right to any insurance policies and proceeds resulting from
<br /> . damage ro the Property prior ro the acquisi[ion shuU pass to Lendeno the extent of the sums secured by[his Security Instrunient _��
<br /> immediately prior to the acquisition.
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<br /> G. (kcupeucy,Preservation,MAintenance and Protectlon af the Property;Borrower's Loan Application; I.easeholds. �;
<br /> � � $orrower shall occupy,establish,and use thc Propeny as Borrower's principal residence within sixty days after the execution of
<br />:.�t�•�...:'I.,.•, this Security Instrument and shall continue to occupy the Propertyas Borrower's principal residence for at least one year after _
<br /> ; the date of occupancy, unless L.ender otherwise agrees in writin�,Svhich consent shall not be unreasonably withheld;or unless
<br />;�;`"' extenuating circumstances exist which are be ond Borrower's mntroi. Fsorrower snaii noi Jesi�u duii�a�� or �m a'sr thc _
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<br />' �,y�_� •�y`:,,; Property.allow the Property to deteriorate, or commit waste onthe Property. Eionowcr shall be in defAUlt if any forfeiture �
<br /> ;. .; .:, .,,; uction or procceding. whether civil or criminal, is begun that in Lender's gaod faith judgment could result in forfeiture of the
<br />_��-_,;�+�,�.�. � Propeny or otherwisc materiaUy impair the lien crcated by this Sttvrity Instrument or Lender's security interest. Bonower may
<br />— "" �•� cure such a default and reinstate,as provided in paragraph 18,by ausing the action or proceedin�to be dismissed with a ruling
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<br />_-=h;�;•� that, in Lender's good faith detcrmination, prccludcs forfeiture af the Bonower's intcrest in the Property or other material
<br /> ��"- — impairment of the lien created by this Security Instrument or I_ender's security interest. Bonower shall also be in default if
<br /> "° �� �orrower, during the loan application pracess,gave materially false or inaccurnte infurmation or stutements to Lender(or failed
<br /> -�� � to provide I.ender with nny muterial information)in connection wiih the loan evidenced by the Note, incluJing, but not limited
<br /> �' to,representations concerning Borrower's occupancy of the Propeny as a principal residence. [f this Security Instrument is on a
<br /> -----i leasehold, Borrower shal! comply with all the provisions of ti�lcase. If Horrower acquires fee title to the Yropeny, the
<br /> ', leasehold and the fce titic shall not merge unless Lender ugrecs to�he mcrger in writing.
<br /> 7.Protection of Lender's Rlshts in the I'roperty.if Borroncr fails to perform the covenants and agreements contained in
<br /> i ' this Security instrument, or there is a legul proceeding that may significantly uffect Lender's rights in the Property(such as a —
<br /> l_���� procceding in bankruptcy, probate, for condemnation or forfeiturc or to enforce laws or regulations), then C.ender ruay do and
<br /> _. pay for whatever is necessary to protect the value of the Propeny and I.ender's rights in the Property. Lender's actions may
<br /> include p�eying any sums secured by u lien which has priority over tl»s Security Instrument, appearing in court. paying
<br /> � reasonable attorneys' fecs and entering on the Propeny to make repairs. Although I.ender may take action undcr this paragraph —
<br /> � �' � 7,Lender dces not have to do so.
<br /> ��� Any amounts disbursed by Lender under this paragraph 1 st�all become additional debt of Borrower secured by this
<br /> - Security Instrumcnt. Unless Borrower and Lendcr agree to oth�rterms of payment, these atnounts shall bcar interest from the
<br /> � ----�_ . date of disbursement at the N�te rate and shall be payable, wiih intcrest, upon notice from Lender to Bonower requesting =
<br /> —�-= payment.
<br /> - ��-'"� 8.Mortsuge Insuranee. If Lender required mortgage insuruic�as a condition of making the loan secured by this Security "
<br /> _=rr.- --='� Instrament, Bonowcr shall pay the premiums required to maiin�in the mortgage insurance in cffect. If, for any reusun, lhe �-
<br /> �:`;,;;,;�,,,.� mortgune insurance coverage requim,d by Lender Inpses or ceasestv be in effect,Borrower shall pay the premiums required to �;;.
<br /> --=��s+ �° obtuin rnverage substantially equivulent ro the mortgage insurance previously in effe.ct,at st cos. substantially equivalent to t8e �.,�'=,
<br /> -"'''�� cost to Borrower of the mortgage insurance previously in effect,from an altcrnnte mortgage insurer approved by L.ender. If �^;_'
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<br /> -- - ��--T- ' substantially equiv;�lent mort�age insurance coverage is not avail�ble,Bonower shall pay to Lender each month a sum equal to �`
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<br /> __,r���,,��-�. . one-twelfth of thc ycarly mortgage insurnnce premium being paid by Bonower when the insurancc coverage lupsed or ceased to
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<br /> -='���=w•°�; be in effect.Lender will accept,use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve
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<br /> "' "• Form 3028 9l90 v"-
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