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<br /> ---�'�!`: " 9S- 11.2�31
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<br />"=':.:u��p •S, �yQb o� pro�►erty 1►�.�urance. Borrower shall keep the improvements now existing or hereaftcr ercetad on the
<br /> � - property insured against losa by fin, hazarda included wlthin the ternt "extended coverage" and any other hazards, including
<br />;'�.;�:`���� �+ flood�or tlaoding, for which Lender requires insurance. This insuranr,e shall be mafntainal In [he amounts and far the peric�ds
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<br /> that l.end�r requires. The insurru►ca curier provlding the insurance shall be chosen by Rorrowar subject tu L.ender's apgroval
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<br />""'p;�r.-��� which ahall nat be unreasonably withheld. If Borrower faUs to maintain coverage describ�d above, Lender may, at Lender's
<br />`���r-�•4 � opeion,obtain covarage to protect l.ender's rights in the Property in accurdAnce with pazagraph 7.
<br /> -"_,� All insurance policies and renewals ehall be acceptable to L,ender and ahall include a standard mortgage clause. L.ender
<br /> ---:_.�, , ahall have the right to hold the policiea and renaw�ls.lf Lender requfres, BonowGr shaU promptly give to Lender all receipts of
<br /> :���,� paid premiums and renewal notices. In the event of loss. Borrower shall give prompt notice to the insurance carrier and[.ender, 4
<br /> l.ender m�y make proof of loss if not made promptly by 13onower.
<br /> Y�� Unlesa L.ender and Botrower utherwise agree in writing, insurance proceeds shall 6e applied to restorat[on or repair of the
<br /> Property damaged,if the restoration or repair is economically feasible and Lender's ucurity is not lessenod. If the restoration or
<br />- repalr(s not economically feasible or I.onder's security would be lessenai, the insurance proceeds shall be applied to the suma
<br />-'�;�,�`: securai by this Securlry Instrucnent, whether or not then due, with any excess paid to Borrower. If Borrower abandons the
<br /> _":�"��`'� Property,or does not answer within 30 days a notice from I.�nder that the insurance carcier hac offeral to settle a claim, then
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<br /> ����� Lender may coUect the insurance proceeds. T.ender may use the proceals to repair or restore the Property or to pay sums
<br /> ��� secund by this Security instrument,whelher or not then dae. The 3U-day period will begin when the nodce is given.
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<br /> Unless i.endcr and Borrower otherwise agrec in writing, any application of procads to principal shall not extend or
<br />_•z s�,, postpone the due date of the monthly payments refencd to in paragraphs 1 and 2 or change the amount of the payments. If
<br />__�,
<br /> -°__.,A under paragraph 21 the Property is acquir�l by Lender, Borrower's right to any insurance policies and praceed�s resulting from
<br />�S�;�� � dam�ge ro the Property prior to the acquisicion shall pass to Lender to the eatent of the sums secured by this Securiry lnstrument
<br />,�.-;;,:��--�� i�nn�ediatcly prior to the acqulsition.
<br /> _f4' 6� Occupancy, Preservation�Malntenance wnd ProtecNon of the Property;Borrower's l.oAn Applicallon;Le�sehold9.
<br />,��,;'� , Borrower shall occupy,establish, and use the Property as Borrower's principal residena within si.xry days after the exxudon of
<br />`;?L:;�''"` this Securiry Insttument and shall continue to occupy the Property as Bonower's principal residence for at least one year after
<br /> -- the date of occupancy,uuless Lendar otherwise agroes in writing, whlch consent shall not be unreasonably withheld,or unless
<br />�-°'4'�■�.� �xtenuating circumstances eaist which are beyond 9orrower's control. Bcinower shall not destroy, damage or impair the
<br /> - � --_ Property, allow the Propeny to deteriorate, or commit waste on the Property. BorrowGr shall be in default if any forfeitun
<br /> - - action or proceeding,whether civll or criminal, is begun that in Lender's good faith judgment could result in forfaiture of the
<br />---_'��;-�� Pcoperty or otherwise materially impair the lien created by this Security Instn�ment or Lender's security intenst.Bonower may
<br /> — cure such a defzult and reinstate, as provided in paragcaph 18,by causing the action or proceeding to be dismisaed with a ruling
<br /> --_--= that, in I.ender's good falth determination, precludes forfeiture of the Borrower's interesc in the Property or other material
<br /> ----��.►�� ;mF�..�.�s �f thr lien created by this Security instrument or l.ender's sa:urity interest. Borrower �hall also be in dafault if
<br /> °' _`�'� Bonower,during the loan application process,gave materially false or inaccurate iniormacian or siaiomcnis t�I.tir,3er(ar f�i1:,3
<br /> to provide I.ender with any material informntion)in conncceion with the loan evidenced by►he Note, including,but nat limlted
<br /> i to,cepresencadons concern�ng Bonower's occupancy of the Propeny as a principal residence. If thic Security Instcument is on a
<br /> — lwsehold, Borrower shall ec�mply with all the provisions of the lease. If Bonower acquins fes tiQe to the Property, the
<br /> -��m�� leasehold and the fee tltle shall not merge unless Lender agsees ro the merger in writing.
<br /> 7,protection of I,ender'e Rig6te in the A�operty.If Borrower fails to perform the covenuits and agreements contained in
<br /> this Socurity Instrument. qr there is�legal pra:eed�n8 that maY S�Bnificantly affect I..ender's rights in the Property(such us a
<br /> - proceeding in banl:ruptay,probate, for wndemnatlon or forfeiture or to enforce laws or regulations),�hen Lender may do and
<br /> pay for whatever is necessu'Y ro prd�ce� the value of the Property u�d Lender's rights in the Property. Lender's actions may
<br /> � include paying any sums secured by a licn wt�ich l�as priority over this Security instrument, appearing in court, paying
<br /> '± reasonxble attorneys' fees and entering on the Property to make repairs. Although Lendec�may talce action under this paa�agraph
<br /> �. 7, Lender das not have to do so.
<br /> ---.. Any amounts disbursod by Lender under this paragraph 7 shall bocome additlonal debt of Bosrower securai by this
<br /> _� - Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear interest fi�om the
<br /> __-_---� daie of diaburaement at thc Note rate and shall be payabte, with interest, upon notice from I.ender to Borrower requesting
<br /> - - � payment.
<br /> a"�'� 8,Mortgage Insuranca If Lender required mortgage insurance as a condition of making the laan socured by this Secudry
<br /> ---� Instcument, Bvrrower shall pay the premiums required to maintain the mortgage insurance in effect. If, for any rcason, the
<br /> �� mongage insurance cover+�ge required by Lender lapses or ceases to be in effect, Borrower shall pay the premiums requirai to
<br />_,.�,;.R,�-,�� obtsun coverage substantially equivalent to the mongage insurana previously in effect,at a cost substantially equivalent to the
<br /> -'""""`�'�''` cost to Borrower of the mortgage insurance previously ln effer.t, from an a!tercute mortgage insurer appro�ed by Lender. If
<br /> .="'`'"``'� substantially equivalent mortgagc insurana coverage is not available, Borrower shall pay to Lender each month a sum equal to
<br /> _ ��'-�' one-twelfth of the yearly mortgage insurance premium being paid by Borrower whcn the insurana coverage lapsed or ceased to
<br /> _"'yV����, be in effect. Lender will accepc,use and retain thGSe payments as a loss rescrve in lieu of mortgage insurance. L,oss i�serve
<br />�;�� •:x�- Form 3028 9J90
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