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<br /> s, �� � p��eny insur�nce. Borrower ahalA kexp tho improvcmcntR now exlstfng on c�rexfter e�ectai on t1�c `
<br /> Propcny insureci e�ainst loss by firo, hnrmrcls included within thc term "cxtGndaf cc�veragc xnd Any othcr hxtards, iiticluding
<br /> tlaids or fl�wding, for which I,ender nrcquirea insurarta. This insurnnce shall bc maintainod in the amounln u�xi foi t1�e p::rlcxis
<br /> � that L.endar�uires.The�nsuranco carrier pmviding the insurnnce shall be chosen hy Ilorm�ver subjxt to I..e�xfer's apptovel
<br /> which shall nnt be unneason�bly withheld. If Horrower fails ta maintain coverngc descrit►cci nlxrve, l.ender may, at I.encicr's
<br /> option,obtein covtrage to protect I.e�r.'s rights i.n.thr.Property in accardxnce witkt pnrngrnpl►7•
<br /> Atl insuranca ��icies and ra�neo��J.s�al.l! t�e a�;r.�1;��1e eo Lendor and shnU include a sta�xlard mortgage cisuse. l.e�xler
<br /> ShRll h,T.w�Ch,e r,iJ�hi to hold lhe�Miti.C[es�txd:Ci'rr,�wRl.r:. If J:.errd.er.�,qu.ires,Rormwer shsll pmmptly givc t�Lcn�lcr all receipts of
<br /> paid�one,.riu.ms��newa!iwrtices•[rn ct���rR of C�ss,6or.mwer:�Iv�ll give prc�mpt noticc to the insurunce carrier a�x1 Lcndcr.
<br /> �..e►.xkr�ay make�f�f.�oss Ef r�ot n:�a�pm7r.nptCp Ihy&Jrr.�vwec-
<br /> U�tfess I.en�er; and Te3�arnaw�c Wtw'r,avise agr.oe irr.'r+r.iting, iirc;r�rarx�e proc�s shall be appliai to r.r.�s�:oc�.tie�n.ar. r.epai.r: of the
<br /> pt�pert�r c�n�tgod,i6 the restorxeccan uR repair is eccrr.ivmically feasible and[.enFF,ec's secudty is not les:,er.�.f.f:i1�r.rstor.»:civct or
<br /> rep�ir is ncri economically feasibie or T,��xier's secumey would tr.lessencd,tl'�inse�raunc�e qrocec�afs shal:f[x='�pT�to the sums
<br /> �, socue�a! by ahis Security Instrument,�w��ether or not then du�c,with any axcess paic! to�iorrctwec• 4f Bc"'r�'`"°�aba�d°ns tha
<br /> • Prqz�xp,ur dces not answcr within 3��days a r�os:�from i.x�,c9er that the ie�.uw�:c�u'a'�W�:Fas w`.c�!tc s..�:tle a c!9t.�,thcn
<br /> L�nder may•mlloct ehe insurance procads. Leixler may usc the procceds to r.�paE� or rr^se,nre the PrapFrrY or to pay sums
<br /> � securod by this Soctpna4; `Irlsuumcnt,whether or not tl�est due.'I't�e 30�day ptriod will begi�wt►en the notiE��s�aven.
<br /> Un��tsv�..��del��rnil.Borrower otherwisc agree�i� writing. any application of procoods t� piynei�u9 :;hp?1 nat extend or
<br /> `� postponrt u!:�,�:3��i��r�s�e�di the monthlY PAYments rcfer�ed to im:�,rrr,igraphs 1 and 2 or chaii.ge u�l� r�nn�iun� �.f tha payments. If
<br /> under par.r,;'�r�oh��7:�r.�'.:�Property is arr;:iiTed by L.ender. Bon'csme+:';right to any insurance�►r�nc�ic��trJ.�%ocrFds resulting from
<br /> �Q damage to thr Propttiy prioi to�he acri�jsition shal.l��x+ss to Lsniler to the cxtent of the sums se�uY��;���t4a�i�Stcurity Instn►ment ,
<br /> = imxnediately priof to�lhc ncquisition. ' . .
<br /> ': 6,OccupRncy,Pr�uvation,AiA;nten�nc�e r�n•ci 1'rotectio�of the Property;Borr�wer's.i,�n A�i�7lcation;I.ea�eholds•
<br /> �� gc�rnower shall occupy,a�tablish.an�!atst;the Prop�YtY as Bormwer's principal residence wanlS��n�3x1y days�►fter the execution of
<br /> ',p:. this Securyry Instrument and shall mnfivao to occu�y tho Pro}Yny�as Borrower's prinYipal revietence for at Jeast one y�cxT after
<br /> — thc�a.��f�xu�ssicy.anl��i'sw!rr �1�r_�wl�e a�trecs jn wri�inc, which wnsent shall not be unrcas�n��s1ti''withheld,.oT ur�'!xse .
<br /> � 'axtenuating circumstances exist which are beyoa�il l3Ai�Qwqr'i•control. Borrower shall not destroy,,�;f7umugt ar i a�r ihe ,..�.
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<br /> � ,•��ope;�rY;•a11ow ihe Property to deteriorate, or c�mn�i�t��dh���on �the Property. 13orrower shall be in cie'Fuu�t i�f Rny;, #1'8�tu�c ,,.
<br /> action.dr procading,whethe�civil or criminal,is 7,egi�n t1�3�i�n Lendtr's good faith judgm�r�t cou1Q.rl�ult in:Iorfelti�rz:'o�'the ;
<br /> , Propehy or•otherwise m�terially impair the lien crratrc�by this Security Instcunknt or LY�M.Y.er s`strur3ty��nte�e�3.'Bc�Vi�»�cr'.r�Y r•;;.:•
<br /> . cure such a default wxl ninstatC.as provided in p,�isi�tgpli 18,by causing the�ction ar praLCeclin�'lu h�L�tlism'is�ed with�tl ru9�ng ;':�•.'�..
<br /> that, in Lender's good faith determirwtion, prtoli��tics forfeiturc of the Bocrower's interest�ln ('he!?�'�i;paf�.y ot ottKr muerial , ,
<br /> impairment of the lien creatod by ihis Security Irr�;nument or Lendcr's security interest. Borrower shr!15 ��`Isn�be in defiiult if
<br /> &xrower,during the loan�pplication proce.cs.ga0e materidly fdse or inaccurate infannation�r statemeiiik'to I-esrdr�(or fiiilod
<br /> to provide i,ender with a�y roat�rid inforn�ation)in connection with the loan evidn�ced by the Mae,inciuding,but not 8mited
<br /> �o,reprGSpnations ca�cernin$Hurrower's occupancy of the Properry as x principal residenrx.If this SeC�ri4y Insuument is on a
<br /> leaxlald, Borrower shall oomply with xll ttac ��r�nyisions of the lease. If Borrower acquiras fa titic,i•lo the Pr+�perty, che :
<br /> la►sdwld�nd the fa title sh�all not rrKrge unless 4,`��iae►rr ag[xs to the merger in writing. , ������
<br /> 7.Prota�lon o[L�nder'a Rl�ts in the Pro�r�Y.if Borrower feils to perform the covenants ond agrc�ma►
<br /> this Savrity,Instcument, or therc is a legd p���coding that rr�rf-'st�nificantly aPfat Lender's rights in the Propecty(st�►as a
<br /> PI,a,,�ed��g�i�b�nkniptcy,probrte,for eondemnetion or turt�artuve or to enforce laws or re�'ii��stions). tha►Lender maY do and
<br /> '' Wy for whatever is nocess�ry►o protdcc the vrlue�a��the Pto{aerly and Lenck�r'K rights.�A:t'l�e��ropeity. I.ender s �c:tions m�y :,
<br /> � include paying �ny sums savred by a lirn w►n.u�ch hm priority over thi3�5ecui'.ty [ast�fi�:t�ent� appa�n�6 in oourt, F�Y�B .
<br /> raso�ble utorneys'fas ind entering on tht Pra�ert'°,:to malca repuirs.AIt1►ix.'gh'C.enckr,6�n}':uJCe�ction under this pon�graph
<br /> 7,I.e�cSet does not have to do so. �' „ ' :
<br /> �jiY rmounta disbuned by[,ender under t4�1�•,p+�ra8raph 9 �tull become �clditional �ebt of Aorrower securod by this
<br /> .�, . • Securiry Instrument. Unless Borrower uid[.ade;i ��Yct to olher terms of g��ment. these�nw�cnts shalf.bear interest fran t1k
<br /> '.� ;date of disbursement ac the Nae rate and stwt[�:i�:c:Psryable. with interat, ��un notia from Lende�)�a�j'?,rmwer rc+quesun6 ,
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<br /> • ,� �ytrier.l. ,
<br /> � !�„?`���Fxt�e Ieeurarce.if I.en�irr ra�uired m+��n3a8e irr:se.5arn�e as a condition of making the loan securod by this Security
<br /> ta�, Instnlra�:�i6 Borrnwec shrll psy the pr.en�iums re�:io,�aed to ma�iuinaia� the mortg�ge insu�a�ax:�.h �ffoct. Ii. for any rcason. ihe
<br /> � , mortgage inwruwe cove�e rcquired by Lrniie�r'hxgaac or ceases to be in��tsct�Bem►N�cr:�."iall pa��pr�miums rea�uirod to
<br /> ""� � '•obtan ooverage subsanti�llp oquivalent to tt�re rt�x;,���igs insuruxe previaMCSfl3r.ir.'e�f�sl���+pst subsv,�i�11y equivalent to the
<br /> ��;� ' �-ost taa porrower of the mortgabe i�c�wrancc �+nD?+`i�;ou;syY in effa�t, fmm � x�b�e,,itr�lte r►d+ns,�e inwrcr a�►proval by I�r. If
<br /> � s��F.ucar.,c;;ti;1y equiv�lenl moriy�e 6:�wAs:;EUn,ce c��erag��;s not axsi:�:�ble, Borrower sh�►�4 pw}r i�r�1:l:nder each month a�ur,r�nqual to
<br /> urve-6v+�!�3i of the pe�rly mc�rt�e u'r.,�irance pr�eiam beiro���,�by Borrower whac elre i�rn�aia��na ooverxge la�b�d oa;c:+;ararul to
<br /> ` bt in effoct.I.cixkr nwiR tiooept,ax�nd ret�ir�rteee..�sc�payments iS a loss re.x!�ve ia Li� a�` stwrtgag: 'r�s�4':u��. �tis ►r�save
<br /> Fam 302! 9/90
<br /> ry.3 0�e
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