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<br /> S. H�xard or Pmperty En�ura� Borrower shall kcep the imp�rovements �existing or hereatter erectcd an thc
<br /> Pr�perty insured against loss by fire. hauuds included wtthin the term "extended coverage'�nd uny other huxards, fncluding
<br /> flc►�ds or ila�dinII, for which Lender requires insumnce.This In�urnnce shull be mulntained in the amounts and for the periads
<br /> that Lencler rcyuires. The insurance cArrier provtding the insurance shall be choscn by Hnrn�wrr subj�xt to J.ei�der's approv�l
<br /> which shall not be unreawnubly widtheld. If Hunower fails to maintain coverage described c►bove, L.encler may. ut Lender's
<br /> ootian.ubtnin covers¢e to arotect LendePs ri¢hts in the Aropetty in t►�cordatyce with paragrnph 7.
<br /> All insurance pollcies and renewal�shall be acceptable ro I.ender and stwll include a standard mortgage clause. I.e�der
<br /> shall have the right to hold the pallcies nnd rcnewals. If I.ender requires,Borrower shall promptly give to l.ttKter al!rece�pts of
<br /> paid premiums and renewal notices.In the event of loss.Borrowcr shall give prompt n�tice to thc Insuranee carrier and Lender.
<br /> l,cnder may m�ke proaf of loss if not made promptiy by Borrower.
<br /> lJnless Lendcr a►d Borrower otherwisc agrct in writing,insurance proceeds shall be appliecl ta restoration o-npair of the
<br /> Property dam�ged.if the rcstoration or npair is economically feasible and l.en�der's securicy is not lessened.If the restoration or
<br /> rcpuir is not economically feaslble or L,ender s security would be lessened.the Insurance proaxds shall be applied to the sums
<br /> sa:ured by this Securiry Inswment, whether or not then due, wtth any excess p�id to Boaower. If Horrowcr abandons the
<br /> Property,or does not answer within 30 days u nodce from I.encler that the insnranca carrier has offered to senle a claim,then
<br /> I.ende� may wllect the insurance procerds. Lender may use 4tie proatds to ctpair or restore the Properry or to pay sums
<br /> secuted by this Scxuriry Instrument,w6eth.er or not then due.The 30-day pedod wiU be$in when the notice is given.
<br /> Unle.cs Lender and Borrower otherwise agrre in wridng. uny application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly pay�nents refened to in parag��phs 1 and 2 or chunge the amuiu►t of the payments. If
<br /> under paragraph 21 the Property is acquired by i.ender.Borrower's right to eny insurance policies and proceals msulting from
<br /> damage to the Property prior to the ucquisition shall pass to Lender to the extent of the sums sccured by this Sec:urity Instrument
<br /> immediately prior to the ucqulsitian.
<br /> 6.Occuponcy,P�+GServation,Mainteaance nnd Protectton of the Pniperty;&�rrowe�r's Loan Applicatlon; Lexseholds.
<br /> Borrower shall occupy.establish.and use the Property as Borrower's principal residence within sixty days after ttie execution of
<br />� this Securiry Instcument and s6a11 continue to occupy the Property as Borrower's princtpal residence for at least one year after
<br /> the date of occupancy,unless Lender otherwise agras in wridag.which consent shaU not be unreasonably withlxld, or unless
<br /> exteauatina cinumsvuices exist which are beyond Borrower's contra�l. Borrower shall not destroy. damage or impair tMe
<br /> Property,ullow the Property to deteriorate, or commit waste on the Property. Borrower shall be in dcfault if any forfeitun
<br /> ection or procading. whether civil ar criminal. is begun that in T.ender's good faith judgment could result in forfeiture of the
<br /> Property or otherwise:mater�ally jmpair tt�e lien created by thls Security Instrument or I.ender's socurity interest.Borrower may
<br /> s' cure sach a default and reinstate,as provided in paragraph 18,by causing th�acdon or procading to be dismissod with a ruling
<br />�"� that, in Lcnder's gcwd faith detemunation, precludes forfeiture of the Borrower's interest in the Property or Mt�er material
<br /> :� tmpalrment of the lien crcatEd �y this Security Instruu►eat or Leader's securiry interest. Borrower shall alsu be in default if
<br /> � BotroM•rx,during the loan application process.gave materially false or inaocurate inforn�ation or statements to Lender(or faited
<br />� to pcovide L.ender with any material infomsatton)in rnnnection with the loan cvtdencod by the Notc,including.but not limited
<br />� to. repraentations concerning Borrower's occupancy of the Property as a princlpal nstdenoe.If this Secudty Instrument is on a
<br /> leasehold, Borrowe� shall comply with all the provisions of the tease. If Borrower acquiros fte title to the Property. the
<br />�' leasehold and the fix tide shall not merge ualess Lender agrees to the merger in writing.
<br /> — 7.Protectlon of Lender's�hts in the Property.If Borrower fails to perform the covenants and egreements contained in
<br /> ` this Socurity fnstrument, or d�erc is a Iegat proct�eding that may significandy affect Lender's r�ghts in the Property(such as•
<br /> / , proceeding in bankcuptcy. probate,for condemnation or forfeiture or to enforce laws or regulations).then Lender may do and
<br />* pay for whatever is neassary to pmtect the vaiue of the Propercy and Lendu's rights in du Property. I.encler's act�ons may
<br />-' include peying any sums sccured by � lien which has priority over this Security Instn►mtnt. appearing in rnurt, paying
<br />"' reasonable aaomeys�fees and entering on the Property to make sepairs.Although Lender msy teke acdon und�r this patagraph
<br /> � 7.L.ender does not have to do so.
<br /> Any amounts disbursed by Lender under this paregtaph 7 shAll baotne additional debt of Borrower sxured by d�is
<br /> '�: Sacudty Instrument. Unless Borrawer and I.cnder agrec to other terms of payment,these amo:uits shall bcar interest from the
<br /> date of disburaement at the Note rate and shall be payable. with interest, upon noticc fram I.endcr to Borrower requesting
<br /> ' payment.
<br /> . 8. Mortgrge L�surance.If Lender required mortgage insurance as a ccndition of making the loan sec�red by thts Security
<br /> Instcument. Borrower shall pay the pnmiums ►�aquirod to maintain the mortgage insurance in effect. If. for any reason, the
<br /> mortgage insuran,�;::wverage requIrr.�by Lender lapses or ceases to be in e,£fect, Bonower shall pay the prerrdums requirtd to
<br /> obtain coverage sWbstantially equivalent to the mortgage insurance previously in effect.at a cost substantially oquivaient to the
<br /> wst t� Barrower di the mortgage insi�rance previously in effect, from an nitemate mortgage insurer approve�f by Y,ender. If
<br /> ; substanrially equivulent mortgage insurance covcrage is not uv�►ilable. Darrower shall pay to I.ender each month a sum oqual to
<br /> one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurance ccrverage lapsed ur ceased to
<br /> be in effect. Lendee will accept,use und retain chese payments es a loss reserve in lieu of mortgsge insurance. Loss reserve
<br /> Porm 3028 9I90
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