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<br /> , . , �. H:�aard or Properiy Intiuraace. Burruu�r .hsll keep the impn��rmrnh no« cti,tin � h�rralter ���c thc � ' . •
<br /> ---_=- Pmprrt} imur�til :,gain.t tu„ M tire. hararJ. inrludrd within the tzrm "exxendcKi cu�tr�gr" snd�m �nher h;uard.. inrluJinL _
<br /> . ti�uxl�ur fttuniing. t�u uhich 1.enJ�r nyuire.in�.ursm�r. Thi+imur.u�ce�h:il1 be m:unt:un�i in th�:�mouni.and fnr tht Rericxl. '
<br />: � . that l..rndcr myuire�. Thr in�urartce rarrier pro�iding the imuntnre ,hall fir cho.rn h� &�rn�w•�r,ubjcti�t to txndcr',appm�al
<br /> . � ' � «h�:h ,hall nut h� unr.:.�,onahly �rithheld. if&►m��«r fail. tu maintam cu�er.�=r d��.rribcxi atxne. Ixnder m;i}. at Lender'. r .�._".,.-��:�
<br /> „ption..�btain ctxerage tu pr�,trct Lender'ti right,in thr Pn�pert� in a�curdance�ciih p:u-agraph 7. - ,-t�`r�'% -''..�
<br /> - � -- -. - AI! isL.uran�c p,�licie:an� rrne��at..hall t�e arrrptablr w i.rndrr and ahati inctude a�tandard mortg�e ciause. i.ender -::�'l��,�;
<br /> , ' _-•� ,h:ill hac:the right tu hold the pcslicies and reneualti. If l.ender require,,Bc�rno«•er�hall pmmpt(y give w l.znder all receipts of _ . -
<br />- - paid premium�and rrn;«a1 natices.In the event af lo,s, Borrower shatl give pnmipt nntic,e to the in�uran�:e wrrier and Lender. ���'�'� •� . .
<br /> Lender ma�•make pmof of loss if not made prompd} by Borro«er. °� - � ,
<br />- � Unt�ss Lender and Borrower aher�vi�+e agree in writing,inxurance pruceeds shali be a�rplied to restoration or repair of the , - •
<br /> - �. , ; Propert}•damaged,iF the r�toration or repair is economically tiea�ible and Lender'�security is not lessened.If the restoration or `�;'��=��:'•���:, '�''
<br />'� ���'�''';1��� repair is not economically feasibie or Lender'�security..�ould bt lessened, the insuranc�e pmceeds shall be applied to the sums '� � � "�''�`"
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<br /> � ��� scxured by this Securics Instrument. whether ar rtot then due. with any exczss paid to Borrower_ If Borroaer abandans the � • :•;
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<br /> • • '"� Propeny, or do�not answer a•ithin 30 days a rto[ire from I.ender that the insurance carrier has offered to settle a claim,then , ..:..:L j..,�,,_:
<br /> _°' �. • �.•� F.ender may coller[ the insurance p���eds. Lender may use the praceeds ta repair or restom the Propeny or to pay sums ��.'�:= �
<br /> � ' � • secured by this Security Instrurnent.zs:i�er or not then due.The 30-day period will begin nfien the nouce is given. 4 ••-."��� "'.';`"
<br /> -' �; �';.;.':';_'_:_l�.,t}i�r,._:.:.
<br /> �: ;- ; Unless L,ender and Borrower �t�erwise agree in writing. any appliration of pro�t� ro principa{ �hail nut extecul ar .,;{;�.r <."._:...:�
<br /> • , ` ' pos[pone the due date of the monthly payments refened to in paragraphs 1 and 2 or ci,�L c3�e a.rnra��nL of tf�e payment,_ !F � �
<br /> . " ' under paragraph 21 the Praperty is acquired by Lender. Barrower's right ta any insurance p�tliries anti�nsceeds resulting from
<br />-. _. .` ,,,, damage ta the Propercy prior to the acyuisition ahall pass to 1xL�+ r to the extent of the sutns sr�sed by this Security Instrument � ` � •`,••; r��'�Y
<br /> :;'��" — immediaee�ir prior to the acquisition. . --. . -'-�=�;
<br /> : �'.'�" 6.�vpancy.Preservatton,1�laintenaace and Protection of the Pro�erty;Borrower's Loan A�Rri,�tion;F�rsyrltolds. • `���-`_.� :
<br />,z'i ._ ': `,;��; Borrower shall occupy,establish,and use the Prc��p�ty ac Borrower's princip�aC:esidence within sixry days atter the execution af
<br /> ; -? this Security Instrument and shall continue to accupy the Properry as Borraw�:r's principal residence for at least one year after - ` 4 a "r
<br /> - ''`''., .y- tfie date of occupancy,unless Leader oihenvise agrees in writing,which consent shali not be unreasanabl withheld, or unless '- �1-��`
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<br /> � 'Y;� '" extenuating circumstances exist which ar�e beyond Borrower's contml. Borrower shall not destroy, damage or impair the , `;,��`:;
<br /> �` ' � , Pmperty. allow the Property to deteriarate, or commit waste on the Property. Bormwer shall be in default if any fodeiture • � . .. '=,;
<br /> ' , action or proceeding, w�ether civil or crisain:�_,�,;:;Ygun that in l.encler's v,ri faith'ud ��•}'�••�`
<br /> j g � gment could�ult in forfeiture of the _ ;-?°
<br /> Property or otherwise materially impair ti.te I���,�er�r:d by this Security[nstrument or Lender's security+m�rest.Borrower may ,. �"..
<br /> . ewe such a default and reinstate,as ptnrr�in p�r+t:aph 18,by causing the acuon or proceeding to be dismissed with a ruling � ��� ���:�,;,:.�,:`
<br /> , ••;.�:,; that, in t:zr��:r s gaod faith detem;,.�;�y:n, g:,.�{u..�•� forfein;:-`�af the Barrowzr's inter.._a irn the Property or other material • � � �+•��
<br /> :::;.f impa�r��zr �f the lien crea[ed by d:v:���ec.zc�it}. L,rn:trument or L�.,�r�ter s secsrity interesa. i�aaower shall also be in�i•rcl:�oh if ��::;;•;�_
<br /> ..C%�. . . .. "�.�CI�S��
<br />_ . Borrower,during the loan applicatian pro�ec���:+�c�.rxaterially false or inac�urm:rnformation or stater.ienL�ua L.ender�,or failed ,�?�� •,.-•.:::;..-f�
<br /> to prc�vide Leader with any material inferra%so�c�;,.ti,;onnection with the toar��.T;�enced by the Note.ir�P,u�:n;,but ttot limited ; �,.
<br /> � •' . ' to,representations conceming Borroa•er s��r����rc.�y of the Pmperty as a principal residence. If this Security Instrume:u cs on a ,;�;�f�.�,,;�J af s;,
<br /> �:1;,' ` leasehald, Borrower shall cumply �vi�ia. �I tt�e provisions of the lease. If Borrawer acquires fee title to the Prers�ry, the , �,i t +';.��x;�
<br /> ' = �':` leasehold and the fee title shall not sr:��:ti�t:ss l.ender to the mer er in writin . �'� �`�.�;?-,>-:
<br /> '. ,;i�:,:,;; � `. aSrees S p, "'`%',�i,�.s��',. . , •
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<br /> '.:. . . •;�,�?' ' 7.Protect�on of Lender s Rights in the(i°�iy�erty.lf Borrower fails to perform the covenants and agreements contained in �� . =
<br /> • + '.. this Securit instrument, ar there is a l al raa�iin that ma si nificantl affect I.ender's ri ts in tiu[�to e (such as a �� � � '�'-��`=a�
<br /> ��� • Y eS P S Y• S Y Sh P i1Y • :
<br />_ r�;r.-,.�,: .'.` ' praceeding in bankruptcy.probate, for condemnation or forfeiture or to enfarce Iawc or regulations). the�r 'Lender may do and _ :.,'��'
<br /> �': �"'���' ' pay for whatever is ncxessary to protect the value of the PiropeRy and Lender's rights in the Property. Lender's actions may
<br /> ,..<< < • es . � - -
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<br /> ?.;'�:+����;5°�i�:,,,„" . inelu� p�,ying any sums secured by a lien which has priariry over this Security Instrument, appearie� in cae��, paying -
<br /> : �;c�'1;. �` reasonab}e attorneys' fees and entering on the Property to make cepairs. Although Lender may take aciio2 Wr��er this paragraph .'�
<br /> .-� � •:,{'-.' 7.Lender does not have to do w. � .. ;�;r;�.
<br /> " � ` �' " An amounts disbursed b Lender under tnis
<br /> �:,;;: ��"' • Y Y paragraph 7 shall become additional debt of Bom;•�tr secured by this '
<br /> '�' ���'�"���•••' Securiry Instrument. Unless Borrower and Lender agrce to other temu of payment, these amounts shall bear interest from the ' �
<br /> ., . ,.�p_�<.,•. ,.
<br /> .;,r;;;,;..;,}�,`�,�,``,. , date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender ta Borrower reqnesting • -
<br /> ,,% payment. ,
<br /> �� � 8.1�1ortgage Insurance.lf l.ender required mongage insurance as a condition af making the loaar�palred by this Security � • .,
<br /> • (nstrument. Borrower shall pay the premiums required to m�iniain the mortgage insurance in effect. �C. for any reason, the ' � : �
<br /> ,:� ; � • • martgage insurance coverage required by l.ender lapses or ceases to be in effect,Borrower shaU pay the premiums required to . . •
<br /> Y i .. �.i�,;;j; obtain coverage substantially equivalent to the mortgage insurnce previausly in effect,at a cost substantially equivs��:nt to the • ' �. � � �
<br /> _�,:� :';`��5,�;•�' � cost ta$orrower of the mortgage insurance previously in eKu:r. from an altemate mort a e insurer � '
<br /> • S 8 aPF'oved by ILraader. if .
<br /> , substantially equivalent mortgage insurance coverage is not available, Borroa.4r�hall pay to Lender eas:h:�r,���i a suctt equul to '
<br />=�"'� one-twelfth of the ye.3riy mnrtgage insurance premium being paiut by Borrou�-when the insurance cover��!-.:�sed or ceased to �.�;,
<br /> ��'f�'' ' �'T� be in effect.Lertder�v�}G:� 2 us�and retain these a ' � '' '
<br /> �;� . � � Np. p yments;,.; a loss reserve ire lieu of mr.rtgage ir��srz:�ce. Loss reserve � �
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<br /> °�t !'�;i,:it'��• Farm 3028 9/90 .4�`�� !f:;�� .,
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