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<br /> - � S. Nwzxrd or Praperty instu�eca AoROwer shall keep tho improvamente aow eaisTw� or herosRer erocted aa tbe —
<br /> Ao
<br /> Property inaurod a��last loea by firo, hszxrde includcd wtthin tdo term 'exte�ded covera�e" �nd wy dher 6wrde, includin� �'
<br /> .� floode or floodin�, for which L,eAder requiree inaunaca.Tbie ineurmce sbRq be m�iat�iaed in tha�mounts�nd for tlre poriodi
<br /> _ „ : � thxt La�dar requires. The insuru�ce carrier provid�n�the inaurwce eh�ll be c6oeon by Bormwer eubjxt�o Let►der'e Wpproval
<br /> which shall not be unma�aonably withhold. If Borrower faite w m�iatain covdn�e deecribed Rbove. Lender may. at l.oudar's
<br /> � option.obG►ia coveraQe w protect Lander'�ri�hts in the PropeRy in rccord�nce with Pa*a�rnph 7• __
<br /> All insurnnce policiee�nd tenewale shall be aeceptable to I.ender md eball inc:lude R etaad�rd murtpge ol�►ue• L.�de�
<br /> ehall fu�va the rlQht to hold the policiee�ad renowde. If Lender raquim.s.Botrower ehall prontptly Yive to I.ender atl receipte of �
<br /> • 1'�y� ' paid premiums Rnd renawd natices.In the eveat of loe��Borrower aull�ive prompt notice W tbe inaur�uca carricr�ud L�ander.
<br /> - Lender msy mm��kke proof of lose if not m+uie pmmptiY hY Bo►rcn�'er• ��
<br /> }'""'��� Ualese Lender�nd Borcower otherwiee a�ree in wrltinY�inainx°Proce�ds�u11 bo Rpplied to rawration or repair of the �,-
<br /> ��° Praperty dnma�ed,if the restoixtioa or rc,�ir ie economioaAy fwsible�nd I.eader'e eecwity is not leese�.If tbe restoration or _
<br /> � ; repair is not economically f�asible or Lrnder'e eecurity would be laeoned,the inaurance proeeeda e6all be�pplied to the eume _
<br /> t secured by Wis Security Iastrument, whether or not t6ea due,with any oxcese p�id W Barrower. If Bonower RMmdoae the _
<br /> i• . Property, or does aot�nswer within 30 daye s noGce from Lender that the iaeurance c�rriar hae offered to s�ttle a claim� thea
<br /> Leader may collect the iasurance pmceeda. L,ender may use tha procacle w repRir or restore the Propaty or to psy eums
<br /> . ' .S. s�cured by thie Security Instniment,whether or not then due.The 3Mlay period wiA beQin when the notica i�Qivea.
<br /> iTalesa I.ender aad Borrower oWerwise a�roe in writinB, +nY sPPlicadon of proceeda to principal�hsll not exteats. If
<br />- � . postpoae tha due dxte of tho montWY�Yma�ta roferrod w in Psn�hl�6a 1 and 2 or chanYe tLe unouns of the paymea
<br /> undac parAgraph 21 We Property ie acquired by Lender,Borrower'e ri�ht to wy iasuraace polieiea�ad proaecls resultut�fmm
<br /> ; .I damago to the Proparty prior to tho wcyuieition sh�U pass to Le�tdar w the extent of the eums eectued by this SecutltY In�t�t�m�t
<br />_ � imcnediately prior co the Rcquisition.
<br /> 6. Occupancy. Preservation,Maintennnce and Protection of the Propertyi Borrower's Lan Appliation;La►uM►Ids.
<br /> Borrower sball occupy� establish,atad use the Property as Borrower's priacipxl resideace withiit eiaty�Lya �fter tha eaocutioa af
<br /> ' thie Security Instrument end shAll continue to oc:cupy tho Property�a Barrower'B principRl e�eaideace for at leaat one year�Rer
<br /> " the data of occup�ancy. unlesa Lender othervisa agrees in writing,wtuch consent ehwll not be unre�sombly with6eld, or unless
<br /> • extenuatin� circumstances eaiat which ua beycmd Borrower's coatrol. Borrower r�►tll aot de8troy,damage or impair the
<br /> Praperty, allow the Properry to deteriorate, or cammit wasta oa the Property. Borrower shall be in d��w(t if aay forfeiture
<br /> ` nction or proceeding,whether civil or criminsl, is begun that in I.eader's good faith judgmeat could ttault in forfeiture of the
<br /> � propecty or otherwise matariolly impair tha lien crexted by thie Socurity Instniment or L,endar's eocurity interest•Borrowar uuy
<br /> '� cure such n defwult and reiastate.as provided in p�ngraph 18,by causing che�crion or proceodinQ to be diemissed wIt!►A rnlin�
<br /> � thxt, in I.ender's �ood faith detemnnacton, preciudea forfaitum uf�iiio SuaTuWoi�o int-s.,..! ia !hs ?'mppsty or�h�.*��+i1
<br /> impairwent of the lien cru�tacl by this Secudty Instrument or L.ender's eecurity iaWrcat. Borrower elull deo be in defi►u1t{f
<br /> Bonower,during the loxa applicatioa procese,g�vo a�aterially false or inACCUtnto infortnAtion or statemtate to I.eader(or fiiled
<br /> W provida Lender with rny matarial inform�tlon)in connection with the lowi evideaced by the Note. ixludin�,but uot limited
<br />- ��� to,representatioas concamiag Bonower's occupu�cy of tha Property as�prino�pd res�dence.If this Saurity Inatntmutt ie on a
<br />� leasehold, Bonowet ehall comply with All the provisiops of tho leasa. If Borrower acquirea foo title W tho Propecty, tbe
<br /> leasehold and We foo title shall not mer�e unless Leudar agraes to tla merger in writiu�•
<br />� 7.Protect�on of Lender's ltighta in the Property.If Boirower fnils to perforrn the coven�ute wd�Qreemeate contained in
<br /> • �� . ,, this Securiry Instrument, or there is A legal procooding that mty siQnificantly affxt I.ender's righta in the Pt'apetty (such�e a
<br />- - proceeding in banlcruptcy,probata,for coadamnttion or forfeitura or to eaforce ltwa or rey{ttlRqona),thea I,.�1er m+�Y do wd
<br /> . � pay for whatevar ie necessxry to pmtect the vwlue of tho Property and Leador's ri�hta in the Propetty. Leader'e�ctioua may
<br />, includa pAying any surt�s secured by � lien which h�a priority over thia Sacurity Inatrumeat, wppeasinQ in wutt. P�Y�Y
<br /> re�sonable attomeys' fees and eatorinQ on the Property to mnlce*+epairs•Although Lender may take actioa under Wis pan�c+�ph
<br /> • � �� 7,Lender does aot hrve w do fio.
<br />--' , puy s►nmounte disbursed by Lender under this pnragraph 7 Rhall hecoma additional debt of Bortower eaural by this
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<br /> ' Security Iastrument. Unless Borrower aad I.ender agree co other terms of ptyment. these sroounta eluU btu interest from t6e
<br /> data of disbursement at the Nota rAte and shall 6e paynble, with interest. upon notice from Leader to Barrower requoetin�
<br /> , paymeut.
<br /> 8.Mortgwge Insurance.If Lender required moRgAga insurance ae a condition of mnking the lo�n s�cuc+ed by this Security
<br /> �"': . �� Instrumeat, Borrower shall pay the premiuma raquired to maintain the mortgage inst►rance in effect. If,fox any raeon, tho
<br /> � mortgage insurance coveraga required by I.endet lapses or ceases to be in effact,Barrower shall pny the premlume raluired W
<br /> ' ~ obtxin covemge substantixlly equivalent to the mortga�e insuranca previously in effecs,wt s cost substantidly equiv:lont to the
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<br /> , cost to Borrower of the mortgage insurance proviously in effect,from on �Iternate mortgaga iasurer apptovod by Len er.
<br /> substantially equivalent mortgage insurance coverage is not avAilable, Bonower shall pay to I.eader aclz month R snm o4ua1 to
<br /> one-twelfth of the yearly mortgage insurancs premium being paid by Borcowar when the insurance coverage l�psed or cased to
<br /> be in effect.Lender will accept, use and retxin t6esa payments xs a losa reserva in lieu of mortgAga insur�nca. I.aes reserve
<br /> ' Fam 302e 9/90
<br /> �•6RlNE)�es�st.o2 aro.s o�e iNSUM�
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<br /> 1 30287.trm 12/9f
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