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<br /> , �� . g7- 1065�5 � -�����F-
<br /> � S.Huzard or Property lnsurance. Bortowcr shall kccp�hc improvemcnts now cxisting on c�rcaftcr crccted on thc Prop:.rty I" _:;�--�
<br /> insurcd egainst loss by fire,har.ards included within thc term "cxtcndcd covcragc" suid any othcr hay.ards, including tloods or �',+:.i�_
<br /> , - flooding,for which L,endcr rcquires insurancc.This insursmcc shall be mainuuned in thc umounts and for thc periods thm L.endcr , �,; ' ��'��;-
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<br /> rcquires.Thc insurancc curricr providing thc insurancc shall bc choscn by Boaowcr subjcct w l.cndcr's appravul which shall not ���-,?fi�..;�ti•���-°�-
<br /> bc unrca5onably withhcl3. If Bonowcr fuils to maintain covcragc dcscribcd above,Lcndcr muy, ut Lcnder's opuon, obtain �• �'^;v r==
<br /> „Td.�_.
<br /> coverage to protect Lender's rights in the Property in ix;cordance with paragraph 7. : :.=.:____
<br /> All insurance policies and renewnls shall bc acceptuble to Lender and shall include a standard mongage clause.Lender shall ;t,,,_�_
<br /> havc U►e right to hold thc policics and renewtils. If Lcndcr rcquires,Bo2owcr shall prompdy givc to Lcndcr sU receipts of paid �`""_��
<br /> premiums end cenewal norices.In the event of loss,Borrower shall give prompt nodce w the insurance carrier aa�d L.ender,I.ender -
<br /> may mnke proof of loss if not madc prompdy by Borrowcr. �� �a�`=`
<br /> Unless L.ender and Borrowcr othenvise agrec in writing,insurancc procecds shall be applicd to restnration or repair of thc ''-`''
<br /> Property damagcd,if the restoradon or rcpair is cxonomically feasible and Lcndcr's security is not Icssencrl.If the restoradon or :=�.-:_--
<br /> � repvr e n�t econcmically feasible or Lender's security would be lessened,the insurance proceeds shatl be appll�,d to Ihe sums `��:�
<br /> , + scxured by this Sa:urity Instrumcnt, whethcr or not thcn duc, with any eacess paid to Bonower. If Borrower abandons the -��i•=
<br /> + Property,or does not answcr within 30 days a aodcc from Lendcr that thc insurance carricr has offered to seule a claim.then � "d �`
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<br /> Lender may collect the insurance proceeds. L.ender may use the proceeds to repair or restore�he Property or to pay sums secured ,�,
<br /> 1 by this Security Instruument,whether or not thcn duc.The 30-day periad will bcgin when ihe notice is given. �lk;�%�s=:
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<br /> � Unless I.ender and Barrower otherwise agree in writing.any application of proceerls to principal shall not extend or postpone ,;t;.';5�:„�
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<br /> r the due date of 1he monthly payments referreci to in paragraphs 1 and 2 or change the amaunt of the payments.If under pazagraph ::�• �;.::
<br /> 21 the Pro �s u'aed b Lendcr,Borrower's ri ht to en insurance Lcies and roceeds resuldn from dam e to the ''�` ;��,
<br /> � PcrtY � �4 Y B Y Po� P 8 � ;y�����.:
<br /> Property prior to the acquisiUOn shall puss to Lender to the cxtent of thc sums sccured by this Security Instrumcnt immediately . '.''I � _
<br /> ' prior to the acquisition. � �' i
<br /> ��. 6.Occupancy,PreservAtbn,MAtntenance and Protectinn of the Property; Borrower's LoRn Applkatlon;I.easeholds. -._4„u,o��---�
<br /> g�,���y�s�ha]�xr�py,�ctahlich,nnd u�e ihe Fropeny ac Bortower's principal residence within sixty days after the exaution of '�"°"""='��--
<br /> - �= ��,±�:;,�:•�..-
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<br /> ' this Security Instrument and shall continue to occupy the PropeRy as Borrower s principal residence for at least one year after the �,:,_____.
<br /> i date of occupancy, unlcss Lendcr otherwise agrecs in wriung, which canscnt shal!not bc unrcasonably withheld, a unless =�----
<br /> - Y extenusdng circumstanees exist which are beyond Bonower's control.Borrower shall not destroy,damage or impeir the Property, �: _
<br /> - � allow the Property to deteriorate, or commit waste on the Property. Bonower shall be in default if any forfeiWre action or -� ;
<br /> praceeding,wbethe�civil or criminal,is begun that in Lender's good faiih judgment could result in forfciwre of the Property or �A __
<br />" othcrwise matcrially impair thc lien crcated by this Sccurity Instrument or Lendcr's security inccres�Bonower may cure such a ►*' -
<br /> default and reinstate, as provided in paragraph 18, by causing the acdon or proceeding co be dismissed with a ruling that,in ��.,
<br /> , L.cnder's good faith dctcrmination,precludes forfeidue of thc Borrower's intaest in thc Property or other matcrial impairment of :r�
<br /> . ,,. thu lien created by this Security Instrument or L.ender's securiry interesG Borrower shall also be in default if Borrower,during the -
<br /> . loan application process,gave materially fulse or inaccurate information or statements to L.ender(ar faileti w provide L.ender with �=�
<br /> any material info�mation) in conntxdon with the loan evidenceci by the Note, including, but not limited to, representapons t�` -
<br /> coneerning Borrower's occupancy of the Property as a principal resIdence. If this Securiry Instrument is on a leasehold,Borrower =
<br /> ' shall comply with ell the provisiona of the lcase.If Borrower ecquims tee dde to the Properry,the Icasehold end the fee ude shall
<br />- not merge unlcss Lender agrecs w the mcrgcr in wridng. �:
<br /> 7.Prote�Kion ot Lender's Rights in the Property. If Borrower feils w pedorm the covenants and agreements contained in �;_
<br /> this Security Instrument, or there is a Ie al proceeclin that ma si nificantl affe�t Lender's ri hts in the Property (such as a "
<br /> 8 B Y 8 Y g [`.
<br />-- proceeding in bankruptcy,probate,for c;ondemnation or forfeiture or to enforce laws or reguladons),then Lender may da und pay � _°
<br /> for whatever is nocessary to protect thc value of the Property and l.ender's rights in the Property.Lendcr's actions may include �;::_
<br /> -_- paying eny sums secured by a lien which has pdority over this Securiry Instrument, appearing in court. paying rea�onable =
<br /> •� - auorneys' fees and entering on the Property to make repairs.Although Lender may talce action under this paragraph 7,L.ender _ _
<br />� . does not have to do so. =— �-�--
<br />-- . Any amounts disburseci by Lender under this paragraph 7 shall bccomc additional debt of Bonower secured by this Security �"'"�_---
<br />_� � Instrumen� Unless Bonowcr and I.ender agree to other terms of payment,thesc amounts shaU bcar inceresc from thc datc of " -
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<br /> - disbursement at thc Note ratc and shall be pnyable,with intcrest,upon notice from Lendcr to Borrower rcqucsting paymcnG ' ��_.
<br /> S.Mortgage InsurAnce. If Lender requircd mortgage insurance as a condition of making the loan secured by Ihis Security .�� ",;;._;�=
<br /> Instrument, Borrower shall pay the premiums required to maintaln the mortgage insurance in effecG If, for any reason,the ;°T�� „�.•�.
<br /> moagage insarance coveragc required by L.ender lapses or ccases to be in effect,Bonower shal!pay the premiums rcquired to � '' �r '�"'-
<br />- ', obtain wverage substan6ally ec�uivalent to the mortgage insurance previously in effect, at a cost substanually equivalent to the �, rrx,��i�3���
<br /> . cost to Borrowcr of the mortgage insurance previously in cffcct, from an altematc mortgage insurer approvcd by Lcndcr. If -*;t;•��.;�rre°�
<br /> � substantially equivalent mortgage insurance coverage is n�t available,Borrower shall pay to L.ender each month a sum equal to , � �°.'�`�:;���'��,'�
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<br />�. ' one-twclfth of the ycarly mongage insurancc prcmium bcing paid by Borrower when thc insurance covcragc lapsed or ccascd to � _..+�::,;;,r..
<br /> be in effect. I.ender will accept, use and retain these payments as a loss rescrve in lieu of mortgage insurance. Loss rescrve � '•�'c:��•��
<br /> - .�_� Form 3028 0/90 �
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<br /> - �•6R(NE)(o2i2�.ot Peps7ol6 Imuats: �'__�--- _ _ _- -
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