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<br /> S. Huwrd or Prnprrty lnsu�.BoTrow�r�hall kecp th� impravements � existing or hercu0�r ercctetl un the
<br /> Pm�rty insurcd ug�in�t lus�by tlre. hal.ards ��cludcd w(thin the term "exte�xlod covernge" and uny ��tl�cr ha��rds. i�H:luding
<br /> tlaxlr�or Ilncxiing, for which Lendcr rcyuircs i��urance. Thi9 insurance shall he mainteinal in thc unwunts wid for the periude
<br /> Ihut I.e�xier requlr�s,The lnsurs�ncc cur�icr prnviding the Insumnco shull be chnsen by �rrawer �subject to I.ender'r uppmval
<br /> which nhwll n��t Ix: unreaw�wMy withh�eld.If�orrc�wer falls to maintain coverage dsscribed ubnve, l.ender mAy, at l.e��icr'x
<br /> aption,abtain mvengc to prc»ect Lender's dghuin the Propeny in acrnrdancc wlth parag�uph 7.
<br /> All insurunce polic(rs aixl renewals shd! b�ncceptable to Lender und shall include a standurd nwttg�ge clau.r•c. I.ender
<br /> ehall hava the dght �o hold the�solicicw�Rd re►�walti.if l.endcr rcquires,Borrower shall promptly give to Lendcr oll rcceipls of
<br /> paid premiums a�xi rencwul noticc.g.In th�cventof�ass. 6orrower shall givo prompt nottcc to tlu insurance Grcier and I..ende�.
<br /> Lctxier may maka pra►f of lass if not macle prornply by Borrower.
<br /> Unless L.ender end Borrower athenv ise ag m isa writing,lnsurana pcooeeds shall be apptied ta rcstoration or rcpwi�af tt►o
<br /> Property damaged. if the rcstoratian ar rcpAir is aonomically feasible and Lender's secu�ity is not lasse�xd. lhhe rcsta�xdon or
<br /> npair is not economically feasible or Lct�der's sicu riry would be lessenai.the lnsuraixe proceeds shaU be app]ied to ihe eunu
<br /> secured by this Securtty Insuument. wh�ther wrnot then dua, wIth any exccss paid to Bonower. If Borrower xbandons thc
<br /> Prop�rry.or does na nnswer withln 30 days a notice from I.ender ti�at the insuranc:e carrier hac offered to sdt[c e daim,then
<br /> Lender may colleat thc insurance proreeds. I�eader muy usc thc proceeds to rcpair or restore thc Proporty or ta p�y sums
<br /> secural by this Secudry Instn�ment,whettier or not ihen due.The 30-dey perlod will begin when the notice is given.
<br /> Unless Lcnder end Borrower otherwise aarea in writing, any application of procceds to pri►x:ipal slull rat extend or
<br /> postpone the due datc of the monthly payments rcFerred to in paragraphs I und 2 or chunge the amount of thc paymcnts. If
<br /> under paragraph 21 ihe Property ia ucquired by Lender, Horrower's right to uny insurnnce policies and procads resulting fmm
<br /> damage to the Properry prlor ro the acqulsition sh�l pes�to L.ender to the extent of dic sums securcd by this Saudty [nstrument
<br /> immaliatcly prior tu the acquisition.
<br /> 6.Occupapcy,Preservatbn,Mafnten�nce�nd PratecNon ot the Property;Barrower'a I.oan Appliptbn;I.ais�eholds.
<br /> Borrower shall occupy. estabUsh,and uae the P=vperty as Borrower's princlpal residence within sixry days after the exceution of
<br /> this Security Instrument and shall continue io oaupy the Property�.s Borrower's principul rcsidenr:for at leut one year after
<br /> thc date of occupuncy, unless I.ender ahenvis��rees in wrlting,which consene shall not be unreasonably withfuld.or unless
<br /> extenuating circumsiances exist which are beyand Borrower's control. Borrower shall not destroy. da�luge or lmpair the
<br /> Propcm. �I:ow thc Pro�erty to deteriorate,or rommit waste on the 1Property. Bomower shaA be i» defautt if�ny forfeituce
<br /> actlon or proceoding,whether civil or cri rninat.i�begun that in Lender's good faith judgment could result in farfeiture of the
<br /> Property or otherwi�e materially impair the Uer�crcated by thls Security[nstcument or Lender's secudry interat. Borrower:nay
<br /> cure such a default nnd ninstete.as provided'n�n pu�graph 18.by cuusing ihe action ar proceeding to be disrniued with a ruling
<br /> that. in Lcndcr's good taith detemtinatiun,precluda forfeiture of thc Homower's interest in the Pcoperty or aher rn��eri�l
<br /> impuimunt of the lien created '�y this Sexurity InstNment ar Lende;r's seeurity interest. Borrower sh�ll alw be ia defiult if
<br /> Borrower.during the loan application procas, g�ve matErially false or innccurate infom�tlon or statements to Lender(or fdled
<br /> to provide Lender with any matedal infornution)in wnnat'son with the luan evIdenoed by the Note,includin�, but mt limited
<br /> to.representattons conceming�rrower's oau�wicy of the Pi�aperty as a princ:pe!residence.If thls Socurity InstNment is on a
<br /> leasehold, Borrower shall comply with all the prc�visions of the Icax. If Borrower ac;quires fa titic to ihe PropeRy, the
<br /> teasefiold and the fee title shall not merge unles�Ler�der agrees to the merger in wdting.
<br /> 7.Protectlon ot I,ender's Rights In the Pnperty. If Borrower f�ils to perform the�.ovenants u►d ag�eemcnts containal in
<br /> thIs Security Insuument.or there is a legal pt+ocaxling that may significandy affect Lender's rights in the Property (wch as a
<br /> p�ing in bankNptcy,probate, for condert�naion or forfeitun or to enforce laws or regulations). then Lencier mry do and
<br /> ; , pay for whatcver is necessary to protat the value af the Property and Lendcr's rights in the Property.Lender's uctions rtwy
<br /> include paying eny sums secured by a Ikn v�licl�has priority over this Security Instrument, eppeaning in oourt, ptying
<br /> reasoiwble attomoys'fees end entering on the Property eo n�ake repa6rs,Although Lender may take action undtr this paragraph
<br /> 7.L.ender does not have to do so.
<br /> Any anwunts disbursal by Lender un1�r�hi s pairagraph 7 shpll becotne additional dd�t of Bomowu secured by thls
<br /> " Sccurity Instivment.Unless Bonower and Lenckr agroe to other terrns of payment. these amounti shall b�ar interest from the
<br /> date of dtsburxment at the Note rute nnd ahall b� payable, with intetrst, upon notice from Lender to Barrower roquating
<br /> pay-naent.
<br /> 8.Moctg�ge I�urance.If Lender�-equired mongage insuranco as a condition of making the loan secured by this Security
<br /> Instn►ment. Borrower shall pay the prer��iums rcq�sired to maintatn t6� anortgage insurance!n effect. If. for any reason, the
<br /> mortgage insurance coveragc required by Lenderlapses or ceases to be itt effect.Bo�owcr shall pay the pnmiwns requiad to
<br /> obtain rnverage substantially ec�iiivalent ta die rnatgege insurance previously in effect,at a cost substuntinlfy aquivalent to the
<br /> , wst to Borrower of the mangag�insurunce preri�usly in effect. fmm an alterc►u,. mortgage insurer approved by I.ender. If
<br /> substant3aliy equivcilent mortguge insurance coverage is not available,Borrower shafl pay to Lender each manth a sum equal to
<br /> one-twelfth of the yc�u•ly mortgage insurance premium being paid by Po:rr�ower when the insurance wverage lapstd or ceased to
<br />��; be in effect.Lender rvt11 accept. use and r�tain ttiae payments as a 1� ryserve'sn lieu of mortgage insurance. Loss reserve
<br /> j Form 3028 8/90
<br /> j aege 3 0�6
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