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<br /> �, "� �.� S. Ha�ard or Pcoperty lastuance. Borrower shall keep the improvements w existeng or herafter emcted on the .
<br /> •.';�,,- � Property insured against loss by fire. Aaz,a�ds inctuded within the term °exrended rnverage" and any ather haiards. including
<br /> floods or ftooding.for which Lender requires iasurance.This insurance shall be maintained in the amounts and far the pesinds
<br /> ''•:,�: that Lender requires.The insurance�arrier providing the ins�ce shal!be chos:n by Borrower subject to Lendei s approval . �
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<br /> � , ,` . wtuch shall not be unreasonably withheld. If Botrower faits to maintain coverage descri6ed above. Lender may.at Lender's
<br /> ` .� oprion,obtain rnvetage to protect Lender's rights in the Property in acaordance�vith paragraph 7•
<br /> `"_.'---°T^"�. pU iasurance policies and mnewals sLall be acceptabie to Lender and shall ireclude a standard mortgage clause. Lemier .
<br /> shal!have the right to hotd the policies and renewals. [f Lender�eguires.Borrower shall prompdy give to Lender a!t m.�eipts of -
<br /> ,`� ��` paid premiums�d iene�wal notices.In the event of toss.Borrower shall give prompt notice to the iasurance ca�rier and Ixnder.
<br /> �• . ,..' ; Leniter may ma&e pmuf of toss if not m3de prompUy 6y Bomawer.
<br /> � Unless lxnder and Barrower otheiwise agree in writing,insaaance praceeds shall be applied to restoration or repair of the
<br /> � . ��'_, properiy damaged,if the restoratioa or repair is ecoaomiralty feasible and L.ender's security is not lessened.If the�estoradon or _ _ -
<br /> . �. "``: , cepair is not emnomically feasi'bte or Lender's securiry would be tess�-�ad.the insviance pr�s shail 6e applied to the sums
<br /> ��: � secured'6y this Seauity Iasu�unent, whether or nos then due, wis��,:excess paid to Borrower. If�ormwer abandoas the =
<br /> ',:" ;�'u, Property or docs not siuwer within 30 days a notice from lxmder that t�e insuraa�carrier has offeted to settle a claim.then
<br /> ` .:� '� Lender may couect the insarance proceeds. Lender may ase the proceeds to �es restore the Property or to pay sums `°:-,;
<br />. - , �'' ' secwed by this Security Instrume�t,whether or not theo dne.The 3Q-day period wilt begia when the norice is given. .� �
<br /> � °Yi•:�"�. Unless Lende�r and Borrower otherwise agree in writing. anY $PPli�ation of prnceeds to �aacipal shaU not extend or :�,
<br /> • postpone t6e dtie date of the montltly payments referred to in paragia��s 1 and 2 or change the amount of the payments.If'
<br /> u��xxr paiagiaph 21 the Propeccy is acquized by Lender.Bomnwer's r'�to any insurance polic�es and proceeds resuiting 5rom
<br /> r
<br /> �� � � ' ��to the Property prior to the aoquisition shall pass u�Leader to�e extent of the suu�s secar�d by this Security Insuumcmt
<br /> - -. . "�..`� . i��diately prior to the acquisition. • � ` ,'..
<br /> ; ' -��4 6.Qocapa..^cy.Preservsstlon,Maintenaace and Pmtec4ioa af 4��.vperiy,�oreower's Loan Appfication,I.eas�olds. r,.
<br /> ��` : . Borrower shall accnpy,estabtisb.and use the Property as Borrower's p�,�epal residence within sixty days after the execution of
<br /> • .c �.." ., this Security tncte�n+�nt and s�all eantinue to accupy the Ptoperty as�irnwer's principol residence for at least one year after ;;L :�
<br />.'�3:, _.: � the date of occupancy,untess&�ender otherwise agrees in�iting,wiuch coasent sY�a�ant be unae�onably withhetd,or�mless "�..�.
<br /> .� . � extenuating cireumstanoes eust ar6ica ar� beyoad Bor_�,wer's coritrol. Horrou�a s�ll noi demoy. damage or impair the ns�% ��.
<br /> !.:� . Prdperty. alIow the Frope�ty to deteriorate,or oommit waste an the Property. Bcr�eawer sha116e in default if any forfeiture ��`�;�f
<br /> i!S•44: .
<br /> ' '• �`' '��� action or proceeding,whether civil or crimiral.is begnn that in Lendes s good faic?e judgment ca�a!d result in forfeitune of the ��'r;,
<br /> r• • pmperty or othera►ise materially impair the lien created bF tbis Securit��z�strumeat os Lender's security interest.Borrower may , ___---
<br /> . , ��' �• came suct�a default and teinstate.as provided in para�►&S.by caasing the action a:praceeding W be dismiss�with a ruling _,---_
<br />'`'�' t1�, in 1.eQder's gaod faith determination. precludes facrfaita:e of the Borrower's interest in the Property or other material
<br /> " .: � �merit of the lien cmated by this Security Instnune�t or Lender's sea�rity interest. Bonower shall aisa be in dcfault if ;
<br /> ��'>=':�-' .' v materiaA false or inaccurale infom�ation or statetnents w Lender(or failed ����L�.
<br /> . .,,.�: ._ Emmwer.datuqg the loan application process,ga e Y '�'"-
<br /> �f"'� � :w provide l�r with any material informauon)in connection with the loan evidenced by the Note,including,6at not limute� . =--
<br /> " " �.
<br /> ,�'.":'; ,. � :'# to;sepresc.mtations conceming Barrower's occupancy of t�se Property as a principal residence.If this Sectiuity Instrumeat is on a �::
<br /> : � " - 3�sehold, Bomower shaU comply with all the provisions of We lase. 1f Borrower aoquires fee 6tte to the Property. the � .
<br /> , ,: �. ��;� •�% leasehoid and ttte fee tide s6all not raerge unless Lender agrees to the merger in writing. �' �-
<br /> •': :��•:�" �: ?.Peotection of Lender's Itig6ts in the Pro�rty.If Borrovuer fails to perForm tde covenanu and agreemeats contained in
<br /> • ;.�7,:._.
<br /> '."'. . . this Security Instromeru,or there is a tegal Pmoeeding that may significanUy affect I.eader's rights in the Property (snch as a `
<br /> , .. � ' -: �ing ia barilauptcy.probate.for oondemnation or forfeitune or to enforce laws or regulations),Wen Lender may do aad �::
<br /> �,�for whatever is n�ary to protect the value of the Property and Lender's ri�hts in the Property. Lender's acdons may �; .
<br /> � � iu'ctud� paying, any sums secureA by a lien�ahich has priarity over tbis Seauity Insttument, appearins in caurt..paying �
<br /> � �' �;�' reasonab2e att�eys'fces and entering on r�,e�roperty to make repa.i�s.Alihough l.ender may ta�;aaron under this patagr&;�� � .-
<br /> � E'�' �.�.ender does`aot have to do so. . ,. �---
<br /> � : . �. '• •Arry amoents disbursed by Lender ander this�',�aph 7 shall become ai�donal debt of Bonower secvr�d by tl�iis .;';.�
<br /> �aouriry Insuument. Unless Borrower and I.cnder agr�trs other terms of paymec:�n3ese amounts shall 6ear interest from the s-'_;.,.
<br /> •- � date of disbursement at the Note iat�and sha11 be payable, with interest.u�son rsotice from Lender to Botrower reqaesdag -
<br /> . `� . PaYment• '
<br /> . '•' ; .` .. � 8.Mortgage Insureace.If Lender reqttired martgage insuranceas a oortdidon ot malring the 3oan secured by Ehis Security ��:.'•
<br /> • • k'�strument,•Borrower shall pay the premiums requice�to maintain the mortgage insurance in effect. If. for airy reason,the — .
<br /> mortgage insurance ooverage required by Lender layses c�r ceases to be in effect,Borrower shall pay the pre�iu�s required w '
<br /> � � �� obiain caverage substantially equivalent to the mortgage insurance previously in effect,at a cost substandaliy equivalent w the •. �
<br /> ' cost to Boira�tier of the mortgage insurance previously in effect, from an altemate mortgage iusarer approved by Lender.If �"--
<br /> • �r%�i',�i`,. substantially eyuivalent mortgage inswance coverage is not available,Boaowes shall pay to l.eadr�each month a sum eguat to
<br />_- � � . ` c�e-twetfth of the yearly mortg�ge insuranee preau�being paid hy�rrower ahen the insuiance coverage la�sed or ceased to
<br />- •.'• • •• Ix in effect.l.ender will aocept.use and retain these p�7�nsents as a loss reserve i� ts� of mortgage insuraac�_ I.vss reserv8
<br /> . . ,
<br /> � ` Form 3028 9t90
<br /> Paga 3 0�8
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