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<br /> . . ` , --- r,,..,......�n t�Pa,.rhw immavettseats anw existing ar h�te���on tLe piropeaty °�:: � . .;F�° "`
<br /> ` , propeny;n,�u;�. ,..,...,..._._.._-� - - - e° and any o�ea naTards.mci�ng u"w�'�' � _
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<br /> ��, ins�ned againsc loss bY f�.b�included wit�in the te�����in d►e�s�for the pe�iads that I�ender , °
<br /> :''r'��� floodiag,far which Leader:eqaires insancance.'I1�S�� val wbich shaU aot. � • -
<br /> _ ,.; v�d'm t h e i n s t u'a n c e s�!1�c h o s Q a b q$o:mwea snbject w L�+dca's� 'r _� •":
<br /> t�ires.'ihe in�uance eaaiea p m � � fa�Zs to mainmin coveraSe descn'bed a6ove.I�euder maY•�L.e u d e r's a p ri o n.a b t a i a r ,, .. „
<br /> �" be nnteasonabiY withheld. Tf Soaower -F� � } .`
<br /> m�oc�dance with pa�agraph 7. �� ,
<br /> " . . caverage w Pmt��'g nght�ai die PmP�tY� e clause.L�endea sbaD • �f�, �
<br /> ` � A}1 ms�ance golicies�td mu e w a L s s i�a II b e a c c e P t a ble Uo Lendea aad shall iaciade a smndard martgag , s _
<br /> Boaower shall pmmPill►grv�t�I.endes all�eseipis o f P a� .� �: �!' _
<br /> ,. '� have the right ta ho l d t he paliaes ana renewals.if L�der requ�. e notice w the msa�nce ceaiear a n d L e a d e r.I.�dr� t_:� „
<br /> . . �ms and ienewal norices.In the evc�t of toss,Bormwer s6aI1 giv Fm� � ,�., -
<br /> _ may maTse pmaf of to�if,not made pmmPtlY bY Bormwer. �be applied m�esWrasinn or tr.pair uf d�e . ' ��` _ ._.
<br /> _ Jnless Lender and Boimw�othawise agcee in writing,��p� -_"__
<br /> Le ����y feas�Ie and I.ender`s s��s not tessened.If the re.stniation ar < <� '
<br /> . p�perty d�►aged,if the restaiatinn or s� wonld he lessened.the msaranca prooee�s shaII be applied to the sams . ° -- -.
<br /> . � ' re,pair is not econu m i c�l�Y f e a s i b l e o r L.e n d e c's s� d to Boaowea.tf Boirawer a 6 a�n s d i e .� �
<br />�, ' < secmred bp th�s Secu�itY Inso��.��ar not thea dne,with anY excess Paz '� .
<br /> fmm Leuder that the u�surance c�ui�i�as offeced to setsle a claim.thca�
<br /> . '= propertY,oi daes not ausw�within 3�days a notice ��
<br /> _, � ar reswre the piopeaty ar m pay ,
<br /> .'_� t �,�.Lender may�se the gmceeds w m,paa atq , �,'-�
<br /> , Le�der may co3tect the insarance Pm The 30-da eriod an'II begin whea►the notice is Bn+e� =;,'�
<br /> • ' ` . hy this Secu�itY Ins�ea�t,whethea or not then due. Y P �n of pmceeds tn p��s�°°t exoend or pa�tPa� , ,,�• :,.`::,��'-�
<br /> . Unless Lettder aad Bonaw�otIlerwise agt�m writin8,m►Y aPP� If ander p2�g�ph - __
<br /> � ttie due date of the wontPily PaYmeats refared w in P�P�18ad 2 or ch�ge the amovnt of the paymenl�• �; • ��`w�
<br /> . ``' B a r m�v a's ri g h t t o a n y i n s i u a n c e p olicies and p m c e e d s resultin8 fmm damsge to the . -
<br /> ..:���.` 21 the PrapectY is acqaired bg L e n d�x+ Inst�ument u n m e d i a t e Z Y � ' - _
<br /> . . •i. � ct����t i u n s h a II p a s s w L e n d e a L o t h e e M e nt of the smns secaied bY th�s S�i�► `� ;�.,
<br /> •�,4; P�Y P�
<br /> ' prios to t1►e acquisidon. gmrro�ver's �an Appiication,a.easehaldQ. '��
<br /> . �. of We Propertir; L • _. �
<br /> f:.h s 6.OccupancY.Preservatiau,Maintenance an��� da s af�the execution of _:�•
<br /> ' . .'.j i� BoauwEr shall.ocCUpY•establish.and ose ihe PrOPeatY�Bor[Ower's princiPal iCSidenCe within SixiY Y _.
<br /> ent and shall contiaae to acwPY t1�e Yrup�Y a�Bouower's principal residence for at least one lrear at�the -
<br /> � -�.s this S�ritY Iusmun m wrifwg,which canse�i s�aot be nuceasanablY wi�e�.°r°nless -_
<br /> ' . :.,4: �;E date of accnpancy. untess Leader ottienvise ag�ees ' - -
<br /> ond B�rower's wrmroL Bacrow�s shall aat desAmY•d��e°!�IIP�r�e FmpeatY. _�
<br /> `. .. . : exteauarin8 cucvms�ce�exist wt�ich�e bey Boitower sLaIl be in defa»It if a�►y forfeiQae actioa or �'-r�::�
<br /> " ' ° to deteaiaiate,or wttunit waste on the Pcopeac5+• '
<br /> ` `�� a]Iow the Prcp� m facfeidue of the Pr4perty►or. . '�;7"--°�"�
<br /> ..,� is be that m L�nder's gaod faith judgment contd result� ,� , -
<br /> '. � p r o c e e d mg,R�e�er civll or crnninal, � S I��e,nt or Leader's serauiry inta�st.Bomnwer ma.y caue sach a. •'• _ . � -
<br /> � � ' otheawise matesially impaa t�liea caeated bY th�s �1' to be dismissed with a ro�n8 tha1+1° '•."�` _-
<br /> h 18,by ca�sing the aaion or pmceeclm8 `,
<br /> defanit pnd reinstate.as prot-i�zd m P��P of the Barrower's inteaest in th°Property or oth�mat�rial imPaicmea�t of �-
<br /> - _ ... ` .:,s I.ender's gaod faith detcamination,Precfides fa�rf�iuue the `�`i;a�
<br /> ' ' ' We lien cmaLed by this Seamty Insirumeat or Lead�'s secntity mterest.Bonower shall also be ia defanit if B�wet,�an'� �' Q��,.�r -_
<br /> � . ��'"�.� toan aPPlication process.Pyave m a t e�a l lY fatse ar inaccurate infanmarion�estasements ���aot limited W.repre�►tatioas � •-�
<br /> . � ��� auy m a t e a i a l i s m f o r m a ti o n) i n c onne�tion arith the toaa evide�ceA 1�Y �:� i=
<br /> .. . � :�; c�soanu►g Borrower's occ�Pan�Y of the Property as a prlacipa!residence.If this Se�icY�s�a m e n t i s o n a l c a.�a�l d,B a r mwer „ , •W.'_
<br /> � : � shail compiy with all the provigians of the tease.ff B otmwes accl u i r e s f e e t i t t e t o t h e P r o p e r t S►,the teasehold and d��ee title sball ::.::��r�.-4 --_-
<br /> . �� not meage un]ess Lender agcees oo the merger in wridng. � �the wveaants and agreements conmined in a'��----� -�
<br /> 1f Bo�wa faits to perf :--�T:��.-- -
<br /> � � 7.Pmtectton of Leudee's Rtghts in the Property'• that ma�►si9u�ican�Y affect Lea►da's rlghts in rhe PraPeriY(��h as a .';:34:;.
<br /> :; , � �;;s 3ecurltY Insuument,or there is a tegal proceedm8 :__::�_._ _
<br /> r . . . • pcoceeding in.6az�uP�Y•E�ate.fos condemnadon or farfeiuue ar to enforce hws cs�AS),then Iandes may do and pay ;� �, --
<br /> L+end�'s acaons may iaclude ,..�M
<br /> . . .:� ��` � for wt►atever is netessaty►to Dro t e c t t h e v a l u e o f t he Pro p e r t Y and Lender's rights in the praPertY• iA court.paYu►g�e a s a n a b l e =__ _
<br /> � . , �' p�8 �Y � ��by a lien which has prioriry avea this Sec�viry Insuament.aPPearin8 h 7,Leader ... --�
<br /> . � ' auomeys'fees and entering on the PropatY tn malce repal�s.AUhongh Lender may take action��p��P , , ,
<br /> ,'', >:1.:;:-.
<br /> ' �� does not have m do so. b 7 sfiall become addiflonal debt of Boirower secUre4 by this SecuritY �� ..
<br /> • � ` ':: Any amow�ts disbursed by Lender under this DaragtaF �� ��".:'.
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<br /> • , ., � ' . ' , Iustramen�. Unless Bonower and Lender�� cvlth interest.u on nouce from La►der w Bosrower reqaesting paYment�of , .,' r, ..- ,
<br /> d}sburse�eat at the Note rate and sha11 be payab2e, P
<br /> . ' . 8.M�S?�rauee. If Lender required mortgage insaraace as a condition of making the loan seased by this Security ,
<br /> ' ' - . .: F.�wment, Bmrower shaU paY tt►e Premiums required to mamtau�the mortgage insuiance ln effec� If,for�i�°�tl�o
<br /> ,mortgage insurance c�verage required by Lender tapses or ceaseg tn bo in effect.Brnrower st�aU pay the P� vivaleut tn the • : .
<br /> . obtain coverage substantia�y equivalent to the mortgage insarance prevtously in effect,at a cost substantiallY�b Lendea.If . .: . .
<br /> � cost to Boaorrer of the mortgage insurance previously in effect. from an eltemat�mortgage instiuear appm Y
<br /> •`� . � � ' substantiallY ecluivalent martgage insurance coverage is not available.Botmwer shall paY to Lendea each month a sum equal w
<br />� ' � � � ' one-twelftPi of the yeffily mortgage insurance premium being paid b�Bmrowcr when the insarance coverage 1aDse�1 m c�s�� . .
<br /> ��-� .. i be in effect.Lender will acccPt,use an d re t a i n t h e se pa y ments as a loss neserve in lieu of mortgage insurance.Loss reserve . .. . .
<br /> ' t Fotm 8028 9/90 � . .
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