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<br /> ; S. Hnxnrd nr Propertv Inyuri�ncc. liarr��wa:r tili;all kcrp thc im�ruvcmcnts nuw cxisting un c�rca!'tcC�:rectcd un thc
<br /> . • Pruperty insurwd�i}�uin�t I��s.r hy lir�:, huuirJs inrludcJ within thc tcrm "cxundcd �:uvcra�,c" und .my othcr hau�rdti. inrluJing _,,_,
<br /> ':,� IkmJy��r lluu�ling. titt wliich I.cndcr rcquirc, insw•ancc. 'I'his in.urancc shull he maintuincd in thc unwuntti and fiu thc periuds
<br /> th�u Lroder iryuira,. Th� in�urincc rc�rri�r prc��•idi►�E tlr:insuranrc�hall hc chi„cn hy H��rr�iwcr �uNjrrt tu Lcndcr'ti upprund �.
<br /> '..'� �vhirh �h;dl not hc unrcutioniihly withhcld. If I3urnna•cr fails tu maintain ci�vcruEe dcsCl'ibcd uhovo. Lcndcr muy. :u l.cndcr's �.0
<br /> uptiun,uhtain rc���cr.�gc t�i pratcrt I..cndcr'�ri�;ht4 in thc �'rnperty in uccordumt with parugniph 7. - -
<br /> � All insnriinca policics und renc�vals �Itull be osacptnblc ia L.c»dcr xtld shall incluc�c a standard mort�;agc rluusa I.cnd�r ,�;
<br /> , ,� sh:►II have thc right to hold the pnlicies und renewals.If Lcndcr rcquires, Borrowcr shull prompt ly give to L e:n der a U receipts of ;�,
<br /> '� paid premiunis und renc�vnl naticcs. In thc cvcnt ol� loss, 9oPrower shull givc prumpt natice ro the insurance carrier and Lendcr. i
<br /> , .� L.�nder may iuukc:pruuf of lotis if not►nadc promptly by Hnrroivcr. E�:'
<br /> , °`� Unless L.ender imd Borrower otherwise a�ree in writing, iu,urance procceds shall be applied to restoration or repair of the
<br /> Prop�rty damn�ed, if ihe resroration or repair is economi�;ally fcasible and Lender's security is not Iessened, If the restoration or ��,:._
<br /> � � � re��ir is not econamically feusible or Lender's security �vould be lessened, the insurance proceeds shaU be applied to the sums -
<br /> securcci by this Se.curity Instrument, whethcr or not then due, with any excess paid to Bonower. !f Borrower abandons the :
<br /> ' Propeny, or does not answer within 30 days a notiec Prum Lender thut the insurance canier has offered to settle a ctaim, then '--
<br /> I..ender may collcct the insurance proceecis. L.ender m�ay use the proceeds to repair or restore the Property or to pay sums _
<br /> �� secured by this Securiiy Instrument,whether or not then due. The 30-day perial will begin when the notice is given. `;�_
<br /> � ' Unless Lend�r and Dorrower otherwise ugt�e in Y+riting, any application of procecds to pnncipal shall not extend or �_
<br /> • postponc thc duc dute of the monthly paymeiits referm�to in paragraphs 1 and 2 or change the amoi�nt of the puyments. If
<br /> � ,. ; undcr puragraph 1.1 the Property is acquired by I.ender, 9orrower's righc to any insurance policies and pruceeds resultiiig from �;°'
<br /> �'�' damage to the Ymperty prior to the acquisition shnll pass to Lender to the extent af the sums secured by this Security Instrument
<br /> �� , ...r immediately prior to the acquisitinn. �1�,
<br /> � 6.Oi�cunancy, Pmseiwutlon, Malntenance a►�d kTt�utection of the Property;Borrower's Loan Applicadon;Lenseholds. ___-
<br />„ ` � ` ,, Borrower shall occupy, establish,und use the Property as Borro�ver's principal residence within sixty days after the execution of _�
<br />���:,••'� '�� � tl�is Security Instniment and shall continue to occupy tbe Property as Borrower's principal residence for at least one year after `'
<br />'""�`"a:j'.' �' the date of occupnncy,unless Lender othet��ise ngrees ir�writing, which consent shall not be unreasonably withheld,or unless
<br />�'::`-y�- � exte��uating circumstances exist which are beyond Dorrower's control. Borrower shall not destroy, damage ur impair the _
<br /> °'`-'::=�°�k: Property, allow the Nroperty to dcteriorate, ar com,nic wa,in u�i tt�e F�oNe��y. L:.:r�:•c:sha:! � in �efstt!t if„.n; f4I'f!'II��T?
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<br /> =-r,.:,�,� action or proceedin�;,whether civil ar criminal,is beIIun that in I.ender's good faith judgment could result in forfeiture o t e
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<br /> _='����`.'t��_ c�re s ch a def It'and re nstate,as p�rov'ded in paraa�nh 18i�b ecaus ng the arct on or procceedingct be dismissed w'�th a ruling
<br /> ''LL x�y'� tlaat, in L.endcr'a �;ood faith determinutlon, precludes iorfeiture of the Borrower's interest in the Property or ather material
<br /> 4:_. J�,y
<br /> -��"�'� impa3rment of the Iicn created by this Security Instmxnent or L.ender's security inte��est. Bonower shall also be in default if
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<br /> ---�'`'?''��� Bonower,during the loun applictttion procss,aave m�terially false or inuccurate inforniation or statements to Lender(or failed
<br /> '_`=•'-'� to provide Lendor wi�h any material information) in ccs�neetion with the loan evidenced by the Note,including. but not limited
<br /> "'�'� to,re�resentations concerninII Borrower's occupancy o:the Property as a principal residence. If this Security Instrument is on a
<br /> ,���. lu:sehold, Borro�ver shall mmply with all the �n•ovi:sions af the lease. If Sonower acquires fee title to the Property, the .
<br /> _�,� • G:asehold and tho fee title shnll not merge unless L.endeR agrees to thc merser in writing.
<br /> --�----� 7.Protectlon of I.ender's Rights in thc Pronevt,,y.If Borrower fails to perform the covenants and agreements contained in
<br /> -=="°�='�� • ttiis Securiry instn�mcnt. or thcrc is a IeIIul proceedin�� thut may significantly affect Ixnder's rights in the Property (such as a
<br /> —_-° � proceeding in ban}auptcy,Urobate, for condemnation or forfeitw•e or to enforce laws or re�ulations), then Lender may do and
<br /> — pay for whatcver is necessary w protect the valuc of thc Property and Lender's rights in the Property. Lender's actions may
<br /> --°-- ineludo paying any surns s°cured by u lien which �has priority over this Security Instruenent, appearing in eourt, paying
<br /> ==,•;,� �easnnable nttomcys'fees and entering on the Property to make repairs. Although Lender may take action under this paragraph
<br /> - -� 7,L,ertder does not have to do so.
<br /> - ._='�'� Any ainounts disbursed by i..ender nnc:er thin paragcaph 7 shall become udditional debt of Borrower secured by this
<br /> =� Security Instrument.Unless Borrower and Lendcr ugrec to other tetms of payment,thesc amounts shal!bear interest from the
<br /> •.z��_,;� . date af disbursement ut thc Note rnte und shull he payublc, with intcrest,upon notice from Lender to Borrower requestin�
<br /> —_`-.::' , pnyment.
<br /> ,��,�,�;;.=`- ; 8.Mort�a�e I►�surnnce.If Lender required mortgage insu�ance as a condition of making the loan secured by this Security
<br /> =""=�';�, � instrument, Borrowcr shnl! puy the premiums cequircd to maintain thc mort�age insurance in effect. If, for any reason, the
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<br /> _'"�"�`E�!`:� mortgage insurance mvera�e required by Lendcr lapses or ceases to bc in eFfect, Borrower shall pay the premiums reyuited to
<br /> _;_�;�:,;:;;;� obtain cover�ge subs�antially equivalent to the mortguge insurunce previously in effect, at a cost substantially equivalent to the __
<br /> `'.±' • • cost to Iiorrower of the mortgage insurnnce previuusly in effi;ct, from an alternute mortgage insurer approved by Lender. If _
<br /> � substantially equivalent mongage insuruncr.covcragc is not uvailable,Borrower shall pay to I.ender each month a sum equal to _.
<br /> �. ��' � one-twelfth of the yearly mortga�e insuran.�e premium being paid by Borro�ver when the insurance m�•�rage lapsal or ceased tv =
<br /> � • be in eFfect. L.ender wil I uc�ept,use and rewin these payments as a loss reserve in lieu of mortgag� insurdnce. Loss reserve =
<br /> ' �_. Form 3028 9l90
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