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<br /> S. Ha�rd or Propa'tY Insurance. Borrower sball �Ceep the Improvemeuts now exisdng or uereafrer erecttd ai the
<br /> Property insured ags►itut loss by flre, bazard9 included wlthln the terin 'extended coverage" and any other bazardei, Includina
<br /> t1UUOCis or floocling, fur which Lezuler tequins insurance. This insurance sha11 be ma�ntained In the amounts and far the perial.9
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<br /> thas I.ender requires. The insuran�x canler providing the insurance shaU be chosen by Borrower subject to Lepder's approv
<br /> I,ender may, at Leader's
<br /> whicb siuttl not be unreasonubly wicl�ietA. !f Bono�ver falls to maintain coverage descdbed above, �
<br /> option,obtaln coverage W pratect Lender's rlghts in the Property in accorcla�ance wtth para8raph 7.
<br /> pil Iusurance poUcles aud renewals ShaU be accePtable w Lender and shull Include a standard mortgage clause• 1.etxler
<br /> shall have the rlSht W hold the policies and nnewals.If Lender requires.Boaower shall prompdy�ive ta Lender all receipts of
<br /> p�d p��and I�aewal nodcq.In the event of loss.Borrower shall b*ive prompt notice to the insurance carrler and Lender.
<br /> L,ender may make Proof of loss if not made prompdy by Bonower.
<br /> Ubless L,ender oncl Borrawer otherwise ag�ee in wrldng,insurance proceeds shall be applied to restoradan or repair of the ;
<br /> Property dsanAAal� if the nstorudoa or repait ia economically feasible and I.ender's securlty is not lessencd.lf ����e�� �
<br /> rep�ir is not economically feasibleor Lencler's s�xurlry would �� �y e�� p��B�wer.�If Bonower abandons the �
<br /> secured by this Securlty Insuument, whether or not then due,
<br /> Property, or does not angwer within 30 days a nodce from Lender tLat the insuranr.e carrler Uas offered ta�oc�o p�,� �
<br /> L.eucier may collxt the insuran�Pr�9• ��e1�y '��e p�� t0 repair ar restore the Property
<br /> �U�by�S��y�muneat, whether ar not then due.The 30-day pertod wW b�8ia whea the nodce is given.
<br /> Unless Lender and Borrower otherwise agca in wridug, anY aPPlicauou of procceds to Pdncipal shall nat extend or �
<br /> postpane th�due dau of the mos�hly p�Ymeats referral to in paragrxFhs 1 and Z or change the amount of the paytnents• If uader
<br /> P�S�P� 21 the Pmperry is acquired by Lender, Borrower's rlght to any insuca�e Policies and procada resultin8 from
<br /> damage to the Property pdor to t�e acclu�sidon shall pass to I.ender to the extent of the sums secured by this Security Insccument
<br /> immediately prior to the acquieitkn. licatiaa;I.easdwlds.
<br /> 6.OoeupaikY•��auon,Matntenance and Protedion oP tde Prope�ty;Son'owe�''B L°an App
<br /> Borrower sbaU occupy.establisb,and use the Pmperty as Barrawer s principal residence wlthin slaty daye atZer the execudon of
<br /> tt�is Security Iusuument and shaU condnue to occupy tUe Pmperty as Bonower's plincipal nsidence for at least one year after
<br /> the dau of occupancy.wdess Leuder othecwise agnes in wddn8�wl�ich consent shaU not be unreasonably wlthheld, or unless
<br /> eateauadag clrcumstauces exist which are beYond Banoaer's control. Borrower shall not desmoy, damAge or Lnpair the
<br /> proporcy. allow the Prapercy ta detedarau, or comuait wastc on the Property. Borrower sl�ll be in default if any forfeiture
<br /> acdon or procealing, whetl�er civil or criminal,is bc��n i�t�II ka�s�s g°Q`i fe��h jud¢ment could result in forfeiture of the
<br /> propecty or othecvvlse materlally impA{r the liea created b�Y l�by ca�ustyn8 W�don or procer'�tng to ix dismissod wlth A m1i�18
<br /> cure such a def�ult aad rein5tate�xs Provided ln paraBcaP
<br /> thAt� In Lender's good faith deterniinadon, P�Instrument or Le�ader�'s securlty inte�i�estt.�Bo ovuer shAU s�llso be in defaul�
<br /> impxiraient of the Itea creAted by this Sa��y
<br /> gorrower,duiing t1K loan applia�tion process,gave maurinlly false ur in�►ccurate infomv�don or statements to Lender(or fiiled
<br /> u�provide Lender wlth any ms►urial infomiadoa)in cor,�recdon wlth the lw�n eviAenced by the Note,Iacludln8�but mt limited
<br /> to�nePre�atAdons coneecniuB Borrower's oceupAncy of the Property�s a prineiptl resideace.If this SecudtY Instcument is oa a
<br /> lensehold, Borrower sta11 comply with �Il the provisions af the lexse. If Borrower Acquires fee dde to the Propecty. the
<br /> leASChuld u�d the fa tide shall not merge unless 1.onder agrecs to tho merger�wridag. e����ia
<br /> 7.Protedlon of Lenda�'s RtAhte in tin PropertY.If Borcower fails to rform the covenants s�nd A8� ench�a t
<br /> thie SxuritY Inctrument. ot thete le A legxl pmceeclin8 thxt tnay sigaiticAndy affect Lender's rights in the PtoP�rtY�
<br /> proce�ing in bxnkn�ptcy.prub�te.for condomnadon or torfeiture or to enforce l�tws or regulAdons)�then Lender may do u�d
<br /> paY for whatever is uecessuy W Pro�t�e value of the Pmperty and ui►der's righte ia the Pmperty. Lend�r'a�cdona m�ay
<br /> iaclude p�yln8 sury svms secuced by a lien which has prioriry over thie 5ecurlty IaStrument, apPwrtnB in couit� WY��
<br /> ceasonAble attomeys'fas anci eatering on the Property to roake nPsirs.Although Lender amy take acdon under thls p�us►8r+►l�h
<br /> 9�Ledfer does not hxve ta do so. h� ��me addidonal dabt of Borrower secural by tlila
<br /> pny araounte disbursed by Lender uncler tlus paragraP nt� Wese amounts sha11 be�u'ince�st fmm tbe
<br /> SecurIty Insaument. Unless Barower and Lender ugrx to other terms of PaY�
<br /> datc of dlsbursement at the Note rate and sheU be BaYable. wtth. interest, upon nodce fcom ucxl�r to Borrowa mluestin�
<br /> paymeat.
<br /> B.MortYa�e Insurance.lf Leuder required mortg�ge insurance aas a condidon of maidu8 thc loan secura!by this 5ce cy
<br /> Instnrment. Borrower shall PaY ��Pn�� �1� to maintaia the mortgnge insurance in effect. If, for su►y reASOa. tLe
<br /> mortgage insurance coverage required by Lender lapses oc ceases t°��ousl�in effect,at a�substaut�lY«l�vale�to the
<br /> obtain wverage substantially cquivalent to the mortgage insutao�ce p Y
<br /> - cost to Bormwer of the mortgage iasurance prevlously in effect, from an alteraate mortgage 9nsurer approved by Lender. If
<br /> substxndally equivalent mortgage insu:unce coverxge is not av�abbl�B�o��i����YitO�����g�lapse�d o��a
<br /> � one•twelfth of the yearly mortgage insurnnce premium bein8 P
<br /> � be in effect. Lender will accept,use and retain these 1�aYments as a loss rese�ve in lieu of mortgage insurance• Loss resen'e
<br />—_� FormS028 9f90
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