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<br /> 98-sio�sso �
<br /> .S, }�� � propniy Insurnnce, Borrower sh�ll keep the impravements now exlatin`on c�re�Rer erec
<br /> , Ptopecry inaured a��inst loss by iire, hazuds included within the term "extended coven;e'u�d uiy o�her hazuds,
<br /> floods or floodin�, for which Lender requires iaauru�ca Thi�insur�nce shall be maint�ined in the ur�ounts md for the
<br /> �h�t Lender requires. The insurnnce curier providing the inaur�nce shall be chosen by Bartower�ubJect to Lendec's�µ
<br /> which shall noe be unrwon�bly wichheld. If Borrower fAils to maintain c�vera�e d�scribed above. Lender may, u Le�
<br /> optioa,obt�in covenQe to protect l.ender'�ri�hts in the Property In accordance with para�raph 7.
<br /> All insurance polieies and renew�ls shall be accepcable eo Ixnder and shall include a standud mcsn�a`e clauie. L�
<br /> shall h�ve the ri�ht to hold the policles and rcnewals. !f[.ender requircs, Bonower shall prompcly�ive to Lender�It meipu�
<br /> paid prcmiur�u+nd renewal notices• In the event o[lou,Burrower sh�ll give prompt notice eo tt�e insunnce curier�nd Ler�der.
<br /> Lender may make pmof of loss if nnt mede promptly by Borrower.
<br /> Unless Lender uid 8arrower otherwik asree ia writin�, insur�nce proceeds�h�ll be applied to zestoration or repdr ot tbe
<br /> preperty dama�od, if the restoration or rep�ir is xonomic�lly feuibie and Lender's sesu�icy i�no�lessened. If[he restorufo�or
<br /> repair is not eeonomlca�ly hasible or Lender'�ucurity wouid bo lessened, the insunnce praee�sh�ll bc�pUed to the sum�
<br /> secwed by this Securiry Inscrument, whether or not then due, with u�y excess p�ld w gorrower. If Borrower ab�ndoro tbe
<br /> Propaty, o�doa no� answer within 30 diys a notice from Lender that the insurance carrier h�offend �o settte a claim. �hen
<br /> Lender may collcet the icuuraace proceeds. Lender may use the proc��eds co repur or mton thc Properry or [o p�y sua�t
<br /> secured by this Socurity[nsttument.wbether or nat then due.The 30-day period will be�in when iEe naiee is�ivea.
<br /> Unlesa L.ender and Borrowe� aherwise �ra in writin�, oaY applicacion of proceed� to principal shall not eatead or
<br /> poatpoae the due date of the monthly paymeau nferred to in puagrapha 1 and 2 or chanee the amount of the paymeau. If
<br /> under paraQraph 21 the Property i:xquired by[.ender, Borrower's right to any insurance policia and procads resultin� from
<br /> darn�e to the property prior ro the�cquisition stuill pass to Lender to the exteat of the sums secund by this Securiry Imtnimrnt
<br /> immediately prior w the acquiaition.
<br /> 6.Occup�ncY.P�serruion,Msintawace swd Protect{oa ot t6s Propertyi eorrower's I.oan Applieadon; Lepseholds.
<br /> 8orrowa shall occupy.atablish, and use the PropertY�s Borrower's principal residence within sizry diys after the executioa of
<br /> thia Security Instrumrnt u�d sh�ll continue co accupy the Property�s Borrower's principal resideace for u lea3t ane yeu�tter
<br /> the d�te of occupancy. unless 1.ender othenvise a�re�in writin�,which consau sh�ll not be unrasonably withbeld, or unlas
<br /> extenuuing circunucanca exist which an bryo�t Borrower's control. Borrowa shall tat dacroy, dunage or impair the
<br /> propercy, �I�ow the Property to daetiorate, or comnnit wuu on the Property. Botmwer �all be in default if any furteiture
<br /> �cefon er procCedln�, wbether civil or crimin�l, is begun tl�at in La�der's goad fai�h judgmeat could rault in forfeiture af tbe
<br /> property or alkrwix muerWly impar the liea crated by this Security Inscrument or Leuda's sauriry intuat.Botrowa mty
<br /> cuce such�defwlt�ad reinsace, ss provided in puagr�ph 18,by causing che accioa or procadin{to be dismisxd with a eulin�
<br /> thu, ia Leader's �ood faith detetminuion� procluda forfeituce of the Borrower's interest ia the Propecty or other msuri�l
<br /> imp�irment of the lien creued by t6is Securiry Iratrumeac or I.ender's security iaterest. BomoMer s6all �l�o be in defmlt if
<br /> Bon�o�ver.Autin�tbe iow�ppiicadon p�vc�ss.�va uwicii:iij+i�I��c;�u,-�tc i„farmsti�u a��•.�:..—s�•s:a:�er tos f�i!r± _
<br /> w pmvide Leader with�ny material inforniuion) in cooaaxioa with the loan evideaced by t6e Nae. includia�. but aa limited
<br /> •�o, �p�e�uatioo�concuniug Borrower's occupancy of the Property as a principal�ssidena,If this Sauriry Instrument fs aa a
<br /> leasedold, Bocrower s1Wl cdmply with �II the provisian� of the lease. If Borrower acqu(r�s fee title to the Property, the
<br /> leasehold aad the fa ciUe alull noc merae unleu L.ender�gras co the merger iq wricing.
<br /> 7.pt+otectbn d I,e�ee's Itl�bp in t1K propaty.If Borrower faila to perform tLe covet�uNS aad a�ramenu oontaioed iu
<br /> this Securiry.'',Iasemment,or there u�le�al proceeding that may si�aificu�dy aifect Lenda's ri�hes in che Propecty(wcb u a
<br /> Pr�edin�in b�okiuptcy� prob�te. for oondemnatioa or forfeicure or co eafara l�ws,or re�ulations),�hea Lerder mry do�nd
<br /> psy tor wiutever is neoe�sN' to protect the v�lue of tlue ProQerty �ud L.wder's dgbts in �6e Propercy. L.ender's aaioo� mty
<br /> i�clude p�yiipg`my sums xwred by a liea which I�as prioriry over chia Securiry I�ctumeat, appearin; in couit. pryinf
<br /> rea:onable atfbroey:' fas and eaurin�oa t6e Propecty to m�lce npain. Althcw�h Lender m�y t�ke aaion w�d.sr this p�a�t�p6
<br /> 7. I.eader does not 6ave to do�o.
<br /> My amounw di�burxd by L�ender under this puaQraph 7 shall bxome additional debt of Bonrower seciued by this
<br /> Se,cwiry Instru�uent. Unless Borrowu aod[.uKkr�ca to other te�ms of paymwt, t�ae �moums stall be�r iriforat from the
<br /> �date of disburxmeat u the Not� r�ce and sh�1l be payable. with interest. upon notia frorte Laider ta Borcower requatinj
<br /> WY�• ' • ,
<br /> a. Mot�,a�s Iosqrance. If Lender.require� mortg�e auurAnce as a conditioa of makin�•[Ueitaan aecurc�d by t6is Saairity,
<br /> lnsuumeot. Bamowa shall pay the premiumi requii+a! to maint�In the mon�a�e inauru�ce in cl'fect, lf, for my rea�on, t'6e . .
<br /> ax�t�e i�ur�noe mverage requind by Lerder l�psa or atses to be ia effoct. Borruwer�hall psy the premiums requlred to ,
<br /> obain ooverage subst�ncially oquivalrnt to the mor[ga�e inwrance previously ia effect,u i coat subswitWly equivdeat to the � �,�
<br /> cost w Borrowa of tl�e mortg�e inwru►oe previousty in ePfect, from u� alternue mort��e imurer approvod bY Lendet; :�t
<br /> subsnntially equivalau mort�a��iawrance:overage ia not available, Borrower sh�ll piy to I.euder e�ch month a sum equai•t4
<br /> one-nvelfth of ths yeuly mon��ge insurance premium being pud by Borrower when che insurana covera�e lapsed or cea:ed to
<br /> •be ia effect. I.tndar will accept,use�uid main these paymenes�s a loas raerve in lieu af mort�ge Insuru�ce. I.oss c+e.xrve
<br /> Fam 302t 9/90
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