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<br /> S. Har.urd nr 1'mperty 6uurnncc. Born►�vcr shull kccp thc improvcmcnt, now cxi.,t��~�ca r tt'd on thc
<br /> Pru�xrty insurcd aguintit I�►ss by tirr, harnrdti inrludrd within thc tcrm "cxtcndcd rnvcrii�c" und any othcr ItwurJ,. including
<br /> il„�,il•„r(1�Nxlinz, ti�r wliirh I.�ndrr rr��uires in�urancc. Tlii,insuranrc tihull hc maintc�ined in thc :imuuntti and fi�r thc�ri�xls =
<br /> thut I.ender requires. 'fhe inwrance rarrier pruvidinN the insurnnce tihall he rhasen by Rorruwer,ubjert tn l.endcr'�nppruvid
<br /> which sh,dl nat bc unrcasonubly wi�hhcld. If Borruwc� fuilti tu muintuin ciivcrugc dcscrihcd alxivc. Lcndcr nury, at l.cndcr's
<br /> option,obtain cuvcragc to prciurt l.cndcr'�rightti in tl�c Fruperty in uccarduncc with pur.igr,�ph 7.
<br /> All insurancc palicies und renewuls shall be acceptuble to l.ender und shall inrlude u standurd murtguge rlause. 1..�:nder
<br /> shull have thc right to hold the policies and rene���uls. If I.ender requires, 8orrower shull prumptly give to Lender ull reccipts of
<br /> paid prcmiums und renew�l notices.!n the evcnt of loss,Borrowet shall giee prompt notice to the insurunce cumcr and l.cndcr.
<br /> L.snder may make proof nf loss if not madc prumptly by 9orrower.
<br /> Unless Lender and Borr�wer otherwise ugree in writing,i�surnnce praceeds shall be appl icd to mstoration or repair af the
<br /> Propeny damaged.iF the restorntion or repair is economicully feasibte und Lender's security is nat Icssened,If the restoratinn or
<br /> repair is nat economicully feasiblc or Lender't s�ecurity would be lessened,the insurance procecds shall be applied to the sums
<br /> secured by this Security Instrument, wbcther or not then due. with any exccss paid ta Barrawcr. If Borrowcr abandons the
<br /> Property,or dces not answer within 30 days a notice from I.ender that the insurance cx�rrier hus offercd to settle a claim, then
<br /> L.ender may collect the insurnnce prorecds. Lender may use !he praceeds to repair nr restore the Propert� or to pay sums
<br /> secured by this Security Instrument,whether or not then due.The a0-day period will begin when the notice is given.
<br /> Unless Lender und Borrower othenvise asree in writing. any applicatlon of prooeeds ta principal shall not e.ctend or
<br /> postpone the due date of the monthly payments referred to in paragrnphs 1 und 2 or ch:�nge the amount of the payments. If
<br /> under parngraph 2l the Property is acquimd by Lender.Borrower's right tu any insurance policies and procceds resulting from
<br /> datnnge to the Property prior to the acquisition shall pass tQ Lender to the extent uf the sums secured by this Security Instrument
<br /> immediately pdor to the ucquisltton.
<br /> 6.Oaupancy�PI'CSEryatlOp�Muintenance And Pirotection of the Property;Borrowec's Loan Application;Leaseholds.
<br /> Borrower shall occupy.eseablIsh.und use the Property as Borrower's principal residence within sixty days after the execution�f
<br /> this Security Instrument nnd sh�ll continue to occupy the Property as Borrower's principal residence for at least one year after '
<br /> the date of occupancy.unless Lender otherwlse agrees in writing,which consent shall not be unreasonably withheld.or unless
<br /> eni2,-iUai;�,g �itCism�ssC� eX3st t°tilch ars beyen� !�n�wPr•� Cenitol. ��!we� ch�tl n�t dretmy; dnmage or impair the ,
<br /> Property, allow the Property to deteriorate, or commit waste on the Properiy. Borrower shstll be in default if any forfeiture
<br /> action or proceedir��.whether civil or crimina(, is begun that in I.ender's good faith judgment could result in forfettun of the ;
<br /> Property or othenvise materially impair the lien created by this Securiry Inst�nt or Lender's securiry interest.Borrower may
<br /> cure such a default and reinstate.as provided in paragraph 18,by causing the actlon or procceding to be dismissed with a ruling
<br /> that, in Lender's good faith dctermination, precludes forfeiturc of the Borrower's intereyt in the Propeny or ather material
<br /> impairnnnt of the lien created by tlus Security Instrument or I.ender's sacudty interest. Bonower ahall also be in defnult if
<br /> , �orrower,dunng the loan appiication process.gave materialiy faise or inuccurate information or statements to Lender(or faiiecl -
<br /> to provide Lender with any material informatian)in connection with the loan evtdencad by the Note.in�luding,but not limital
<br /> to,ceprc�entations conceming Bonower's occupancy of the Property as a principal resIdence. If this Securiry Instntment ls on a
<br /> leasehofd, Borrower shall comply with nll the provisions of the lease. If Borrower acquires fet tide to the Properry. the
<br /> leasehold and the fee title shall not merge unless Lender agrees to the merger in wrtting.
<br /> 7.Pootection of Lender's Rlghts in the Property.If Horrower fails to perform the covenants and agreements contained In
<br /> this Security Instrument, or there is a Iegal proceeding that may signiflcnntly nffect L.ender's dgl�ts in the Property (such as a
<br /> proceeding in bankrttptcy,probate,for wndsmnation or forfeiturc or to enforce Iaws or regulattons),then I.ender may do and
<br /> pay for whatever is tucessary to pmtect the value of the Property and Lender's rights in the Property. I.ender's acdans may
<br /> tncluda paying any sums secured by a Iten wiuch has priority over this 5ecurity Instcument, appeadng in co�rt, paying
<br /> rasonable attorneys•'fees and entering on the Paoperty to make rcpairs. Although Lender may take actinn under thia paragraph
<br /> 7,Lender does not have to do so.
<br /> Any :unounts disbursed by Le�der under this paragraph 7 shall become additional debt of Borrower secured by this
<br /> Security Instrument. Untess Borrower and Lender agree to other terms of paymcnt.thesc amounts shall bear interest from the
<br /> date of disbursement at the Note rate a�td sha11 be payablc, with interest. upon noticc from Lender to Borrowcr requesting
<br /> . payment.
<br /> S.Mortgaae i�asurcnce•If Lender required mortsage insurance as a ecmdition of making the loan secured by this Security
<br /> � Instrument. Borrower shall pay the premlums requirecl to maintain the �nortgage insurance in effect. If, for eny reason. the
<br /> mortgage i�surance coverage required by Lender lapses or ceases to be in effect.Aonower shall pay the premiums required to '
<br /> obtain coverage substantinlly equivalent to the mortguge insurance previously in effec:,ut u cost substantially equiv:tlent to the
<br /> cost to Borrower of the mortgage insurance previously in effoct, from an altemate mongage insurer approved by Lender. If
<br /> . substantially equivalent moRgage insurunce coverage is not nvnilable.Bonower shnll pay to Lerder each month a sum equal to �
<br /> on�twetfth of the yeatly mortgnge insurance premium being paid by Borrower when the insurance coveeage lapsed or ceased to
<br /> be In effect.[.ender will accept,use and retain these payma:nts as n loss reserve in lieu of mortgage insurance. Loss reserve
<br /> � Form 3028 9/90
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