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<br /> � 9�_ 10280z =-
<br /> 5. Hc�xurd or Property Insurnnce. Fiurruwcr �bull kccp thc impruvcincniti nnw cxi,ting un c�rcalicr crecte�l nn thc =
<br /> • Pruperty intiurcd aguin�[ losr by firc, harirdti includcd �vilhin thc lcritii °�xtendcd covcragc" unJ ,my othcr haitirds. including _
<br /> iluuJ+or tlooJing, fu� �ti•hi�li L�rJcr r�yuircti in,urancc. 'fhi� imtir:inrr�Ic�ll hc maimainrd in thr ann,uniti.md f�,r ihc peri�ids �
<br /> -��"� thc�t Lrndcr requircti. Thc insuranrc carricr providing thc:intiurancc�hall hc choticn hy Burruwcr ,uhjcrt tu lxndcr'+appruvul G.
<br /> �� which +hull nut hc unrca+�mably withhcld. If Borr��wcr failti tu maintain rovcr:igc dctirrihcd ahovc. l..cndcr may. .it Lcndcr's `^
<br /> optic�n.ubtain a�vcru�e to prc�tcct l.cndcr's rights in thc Property in accordancc with para�raph 7. _
<br /> " All insurance policies und renewals shall be uc�eptable to L.ender and sh,ill incluJe a tiuindard mortgage cluu,e. I.ender �
<br /> «� shall have thc right to h��ld the policics und rene�vals.II Lcndcr rcyuires, Brnrowcr shall promptly givc tc�L�:ndcr xll rcceipts of _
<br /> ;��` paid premiums and rene�val noticts. 1n the event uf loss, Bnrrowcr shall givr prompt no[ice to the insuruncc carrier und I.ender. �_
<br /> L.cndcr may makc proof af loss if not madc promptly hy Barrower. �
<br /> i� Unless Lender and Borrowcr otherwise agrec in writing, in>,urancc proceeds shall bc applicd to restoration or repair of the �_
<br />"" -„ ;?'. Propeny damaged,if the restoranon or repau iti economicaiiy ieatiii,le:a��d C,:.ndcr':;securi.y is not lessened. If thc rectoration ar ---
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<br /> �'� repair iy not ec�nomically feasible or Lencler'ti securiiy wuu1J be Icsstncd, tl��insurance procecds shall be applied to the sums E
<br /> Its:.
<br /> . � secured by this Security Instniment, whether or not then due, with any excess paid to Borrower. If Borcnwer abandons the .r'
<br /> Property, or does not answer within 30 days a notice from Lender that the insurance carrier has offered to settle a claim, then `
<br /> �� Lender may collect the insurnnce proceeds. L.ender may use [he proceeds to repair or resWre the Froperty or to pay sums `v
<br /> secu�.�by this Security lnstrument, whether or not then duc. Thc 30-day period�vill begin when thc noticc is given. _
<br /> �I Unless l.ender and Borrower othenvise a�ree in writing, any application of proceeds to principal shall not exr.end or
<br /> �•; postpone the due date of the monthly payments referred tn in paragraphs I nnd 2 or change the amaunt of the payments. lf ��
<br /> �,,,,; �a`�, under paragraph 21 the ProFerty is acquired by Lender. Barrower's right to any insurance policies and proceeds resulting fron� __
<br /> •�:,:;�`"` �. dan�ge to the Property prior to the acquisition shall pass to l.ender to the extent of the sums sec;urerl by this Security Instrument
<br /> � .
<br /> r!�:'<•:y;�(�� immediately prior to the acquisitian. _
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<br /> '""` 6.Occupancy, Fo eservution, Mnintenance and Protection of the Property;Borrn«•er's Loan Application;�,easehol s.
<br />;. F!� � � �.
<br />";�"':a.r; . Borrower shall occupy,esutblish,and use the�•operty us Borrower's principal residence within sixty days after the execution of
<br /> �S;�r•r;.,� �his Security [nstrument and shall continue to occupy the Property as Borrower's principal residence fur at least one yenr sfter
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<br /> the dute of occupancy, unless L.enc�er��therwise agrees in writing, which consent shall not be unreasonubly withheld, or unless
<br /> ���`�� extenuating circumstances ex�st w�7►icn are beyond uorrower's cu��iru1. Bu�iv:YC� s�a�� �ot d:.str�y, �asragc or ::z:�ir Ghe
<br /> .. Propeny, allow the Property to deterioratc, or cornmit wuste on the Property. Borrower shall be in dcfault if any forfeiture
<br /> ' �".,;;� ;` action or procceding, wliether civil or criminal,is begun that in I.ender's good faith judgment could resulc in forfeiture of the
<br /> �,� Y Property or otherwise materially impair tlic lien created by this Security Instrument or Lender's security intsrest. Borrower rnay
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<br /> � cure such a default and reinstate,as provided in paragraph 18,by cnusing the uction or proceeding to be dismissed with a ruling
<br /> `•��-',i,,��Y' thnt, i:� Lcnder's good fuith deterr.�ination, pn;cludes farfeiture of the Bonower's interest in the Property or other material
<br /> '��"'=='-;"-'' impairment of the lien created by zhis Security Instrument or L.ender's security interest. Bonower shall also be in default if
<br />``''r^ Borrower,during tF�e loan applicutian process,gave muterially false or inaccurate information or statements to Lender(or failed
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<br />_ • 4-+� to provide Lender with any mnteri.>.1 information)in co�nection widi the loan evidenced by the Note, including,but not limited
<br /> to, representations conceming Bosrower's occupancy of the Property as a principal residence. If this Security Instrument is an a
<br /> -�==�'4� `� Ieasehdd. Borrower shall compl�• with all the provisions of ehe lease. If Borrower acquires fee title to the Property. the
<br /> -y��Y�• leasehold and the fee title shull noi merge unless Lender agrees to the merger in writing.
<br />--"�'n�� 7.Protection of Lender's Rights in tl�e Property.lf Horrower fails ta perform the covenants and agreements contained in
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<br /> this Security Instrument,or there is a legul proceeding that mny si�niftcar�tly affect Lender's rights in the Property(sueh as a
<br /> .,°_..�=�'� procecding in bankruptcy,probat�, for condemnntion or forfeiture or to enforce laws or regulations). then Lender may do and
<br /> ;:;M1� pay�or whatever is necasary t�a ipTOtect the value of the property and Lender's rights in the Property. Lender's nctions may
<br /> -=`��� include paying any sums securetl by a lien which has priority over this Securiry Instroment, appearing in courz, paying
<br /> �� rcasonable attomeys' fees and entering on the Property to make repuirs. Although Lcnder may takc action under this paragraph
<br /> —"'�'�Ai 7,Lender dces not havc ro do so.
<br /> �-� Any amounts disbursed by l.ender under this paragraph 7 shnll become additional debt of Borrower secureai by this
<br /> '����'=� Sccuriry Instrument. UnlESS Borrower and Lcndcr agree to othe�•terms of payment,these amounts shall bear interest from the
<br /> ��r
<br />--�'.`'��� date of disburscment at the Note rate and shull be payable, with interest, upon notice from Lender to Borrower r�questing
<br />°'"'�?'�� payment.
<br /> >.�>�}�n=-,;.�, S. MortgAge Insurnnce.If Lender required mongage insurance as a condition of making the loan secured by this Security
<br /> ;-1'f.•.`"�����'�. Instrument, Borrower shall p�y the pmmiums required to maintnin the mortgage insurance in effect. If, for any reason. the
<br />- �� �.;J�:�. mortgnge insurance coverage reouired by Lender lapses or ceases ro be in effect,Borrower shall pay the premiums required to --
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<br /> obtain coverage substantially equivalent to the mortga�e insu►ancc previously in effect, at n cost substantially equivalent to the _
<br /> . �� cost to Bottower o�'the mortgage insurance previously in effect, from an altemate mortgage insurer approved by Lender. If
<br /> •��'�-' substantially equivalent mortgage insu►�nce covera�e is no4 availnble,Sorrower shall pay to Lender each month a sum equal m
<br /> � •� ! one-hvelfth of the yearly mortguge insurance premium being paid by Borrower when the insurance coverase lapsed or ceased to
<br /> `•��,�.��� � � be in effect.L.ender will a�cept,use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve
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<br /> ;,•. �,!.�/�: Form 3D28 9i90
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