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<br /> S. Huzurd nr Prupert� luytu•ttncc. Hurruwcr ,hall kcrp thr intpruvcmc�its iiu�s cxi+nng ur h�r�aftcr cr�rtcd un dx
<br /> {'ri,perty in,wc�1 a�:aintit lu�,hy lirc. hui�u•ds inrludccl within thc tcrnt "cxtcnJ�cl rovcragc" �ind any uthcr hatards. mclud ing
<br /> tlund+ ur tluuding. li�r whirh I.�i�dcr rcquircti in,urancc. Thi� in�uranre shall hc maint.iin«I in thr umuunt,und fur thc prriaxl+
<br /> th.a Lcndrr requirr�. Thc iiisuranr�carricr pru�•idin� tlic intiuranrr �hall hc chn�cn hy Nurruwcr ,uhjcrt tu l.cndcr'ti uhprcyv�l
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<br /> which �h�ill nut l+e unreas��nably uithhcld. !f' Hurro�vcr fail, t�� m�iint:iin c�werugc detirrihcd abuv�. I.enJcr may. at I.�ndcr'�
<br /> uption.ahtuin cuvcrugc to proicrt l.i:ndcr's rightti in thc Pruperty in uccordancc with puragruph 7.
<br /> _,;,,�..�� All intiurunce pnlicieti and renewal�� shall he arcepeahle to Lender and shull inrlude a standard ►nortguge cluuse. l.ender
<br /> ....�,.�•+� ,h.dl havc thc right to hold thc policics and renewul+. If Lendcr rcyuires.Borrowcr hhall promptly give ta l.�;ndcr ull rcccipt�of
<br /> ., paid premiums und renewal nntices. In the event of loss.Borri�wer shall give prompt notice to the insurunce carrier und i.ender. , ••:
<br /> Lendcr may mukc pruof of losc if not madc prcmipNy by Borrowcr. ;'� �
<br /> Unless LenJer und Borrower otherwise ugree in writing, intiurance proceecis shall be applied to restorution or repair of the . -_
<br /> Property dumaged,if the resroration or repair is economically feasible and Lender's security is not►essened. If the restorationar �::�:
<br /> repair is not economicslly feasible or C.ender's security would be Ies�en�i, the insurunce procecds shull be applied to the sun�s -��=
<br /> � secured by this Security Instrument, whether or not then due, with any excess paid ro Borrower. If Borrower abandons the ;'J_�,
<br /> Property, or does not answer within 30 days u notice from [.ender[hat the insurance carcier has offered to setde a claim, chen , r,-;
<br /> L.ender may collect the insurance proceeds. L.ender may us:. the proceeds to repair or restore the Property ot to pay seams ;��.
<br /> secured by this Security Instrument, whether or not then due. The 30-day period will begin when the notice is given. -,s,,^
<br /> :.•'� Unless I.ender and Bc�rrower otherwise agree in writing, uny application af proceeds to prineipal shall not extend or
<br /> • :'7� ost one the due date of the manthly payments referred to in ara ra hs 1 and 2 or change the amount of the a ments.If ,;,;'-
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<br /> P' S P P Y
<br /> under paragraph 21 the Property is acyuired by Lender, Borrower's right to any insurunce palicies and proceeds resulting fran .�:-
<br /> damage to the Property priorto the acquisition shall pass to Lender co the extent of the sums secureci by this 5ecuriry Instrurnent �f:��
<br /> �� immediately prior to the Acquisition. Leaseholds. � _
<br /> 6.Occupancy, Preservadon,Muintenance and Protection of the Property;Borrower's Loan/#pplicatton; �.=_-=
<br /> Borrower shull occupy,establish,and use the Property as Borrower's principal residence within sixty days after the executionof =
<br /> � this Security Instrument and shall continue to accupy the Property us Borrower's principal residence for at least one year a(ler
<br /> � . thc date of occupancy,unless Lender othcrwise agrees in writing, which rnnsent shall not be unrcasonably withheld, or unlcss
<br /> �� extenuuting circumstanees exist which ure beynnd Borrower's cc�ntrol. Aorrower shall not destroy, damase or impair the
<br /> • ��' ' Property. allow thc Propeny tc� dcterioriitc, ar rommit wastc on thc Propeny. aorrawer hhnll bc in defuult if any forfc iture
<br />- }'•-°'M1�'`'�•'•` netion or proceeding, whetlier civii or criminui, i,ti�bui�tF�at �� L:.r,�cr'::gr..:d f:.^:'.h j�!dgn,r•nt �ould result in forfeiture of ihe _
<br /> Praperry or othcrwisc matarially imp:dr thc licn rrcuted by this Sccurity lnstrument or Lendcr's zccurity intcrest. Borrawcr may
<br />�,;��,...�;r�. � cure such a defuult und reinstatc,iis prc�vidcd in pairu�rnph 18.hy cuusing thc uction cir pracc,,ding to bc ditimisscci with n ruling
<br /> �ti �.tty;, thut, in Lendcr's gc�oJ fuith detennination. precludes forfciturc ot' thc Horrowcr's imcrest in the Property or other mutcrial
<br /> z�i`��T".
<br />- �41�v+ impuirnient of the lien crea�ed by this Security Instrumcnt or Lcnder's security interest. Borrower bhull ulso bc in default i
<br /> V-�=�"'#�'� Borrawer,during the loan application pracess,gave materially fulse or inaccurate infarmution or stutements to Lender(or failed
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<br /> _,:_;,,,� to provide Lender with any m�terial informution)in con►iection with the loan evidenced by the Note, including,but not lirnited
<br /> �y,�,�r� to, representations concerning Borcower's occupancy of the Properry us u principal residence. If this Securiry Instrument is on a
<br />-:_i�;:_--� leasehold, Borrower shall comply wich all the provisions of the le.�tse. If Borrower ucquires fee tide to the Property.�he
<br /> ._::,,,;� leusehold and the fee tide shall not merge unless I.cnder agrees to the merger in writing.
<br /> -°��:•b�'�! 7.Protection of Lender's Righ�s in the Property.If Borrower fails to perform the covenants and agreements contnined in
<br /> -�---�-- this Security Instrument, or there is a legal proceecling that may significantly affect Lender's rights in the Property (sucta es a
<br /> '?r'`'TM�'� proceeding in bankruptcy, probate. for condemnation or forfeiture or to enfotce laws or regulations),then Lender may do and
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<br /> pay for whatever is necessary to protect the value of the Property and L,�nder.'s rights in the Property. Lender's actions may
<br /> ..,��w.��� include paying any sums secured by a lien which has priority over this Security Instn�ment, appearing in court, paying
<br /> 4;�:�'��� reasonable attorneys' fees and entering on the Property to make repairs.Although Lender may take action under this paragr�ph
<br /> � 7, C.ender does not have to do so.
<br /> "���� Any amounts disbursed by Lender under this paragraph 7 shall become adalitiunal debt of Borrower sccured by this _
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<br /> = Security Instrument. Unless Bottower and Lender agree ro other tcrms of paymcnt, these amounts shall bear interest ftornthe
<br />_ ��"�' date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting
<br /> :..�.��r::�: paymene.
<br /> -'"°""'` `" S. Mortgnge Insurance. If Lender required mort�age insurance as a condition of making thc loan secured by this Secunty
<br /> _:�;�.k.'..r. �
<br /> -_�_�.: �.,;�; , lnstrument. Borrower shall pay the�remiums required to mainttun the mort�age insurance in effect. If, for�ny reason,t e -
<br /> '1��`� '�= �- mortgage insurance coverage requireci by Lender lapses or ceases to be in effect,Borrower shall pay the premiums required to _
<br /> -_� . obtain coverage substantially equivalent ta the mortgage insuranee previously in effect,at a cost substantially equivalent to the _
<br /> ;. •,�,,;: �" cost to Borcower of the nwrt�age insurance previously in effect, from an alternate mortgage insurer approved by Lender. If �
<br /> � � substantially equivalent mortgagc insurance covcrage is not available, Borrower shall pay to Lender each month a sum equal to _
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<br /> - � one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurunce coverage lapsed or ceased to _
<br /> - , be in effect. Lender will accept,use and retain these payments as a loss reserve in licu of mortgage insurance. Loss reserve _.__
<br /> "" , Form 3028 8190 �-�
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