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<br /> ' shall pay them on tin�e directly to the person owed payment. Borrowcr shall promptly furnisl� to Lende; all notices
<br /> of amounts to be paid under this paragraph. !f Borrower m�kes these payments dircctly, Dorrowcr shall promptly
<br /> furnlsh to l,ender recelpts evidencing the payments,
<br /> Borrower shall promptly discharge any lien which hes priority over this$ecurity Instrument unless Horrower: (a)
<br /> agrees in writing to the payment of tha obligation secured by thc lien in a mnnner acceptable to Lender; (b)contests
<br /> in good faith the lien by,or dcfends agalnst enforcement of the uen in,legal proceedings which in the Lender's opinion
<br /> operat� to prevent the enforcement of the lien; or (c) sc�cures from the holder of the lien en ngreement satisfactory
<br /> to [.ender subordinating the lien to tliis Sccuriry Instrument. If l..ender dctermines that any part of the Property is
<br /> subject to a lien which mzy attaln priority over this Security Instrument, Lender may give Barrower a notice identifying
<br /> the licn, Rorrower shall sattsfy the lien or teke one or more of thc actions set forch above within 10 days of the giving
<br /> of notice.
<br /> S. Hnar�d or Pro�ty Insur�uxx. Borrower shall keep the improvements now existing or hereafter erected on
<br /> the Propeny insured against loss by fire,hezards included wfthin the term "extended coverage" und any other hazards,
<br /> inciuding floods or flooding, for which Lender requires incurance. This insurance shall be maintained in the amounts
<br /> snd for the periods that Lender requires. 'fhe insurance carrier providing [he tnsurance shall be chosen by Bonower
<br /> subject to Lender's approval which shall not be unreasonably withheld, If Borrower fails to maintain coverage
<br /> descril�ed above, L.ender may, at I..ender's option, obtain coverage to protect Lender's rights in the Property in
<br /> accordaz�ce with paragraph 7.
<br /> All inaurance pollcies a��d renewals shall be acceptable to Lender and shall ir�clude a standard mortgage clause,
<br /> I.ender shall have tlie right to hold thc policies and renewals. If Lender requires, Borrower shall pramptly give to
<br /> L.ender all r�xipts of paid preuilunts and cenewal notices. In thc c��cnt of loss,Borrower shall give prompt nodcc ro -
<br /> the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Bonower.
<br /> Unless I.ender and Borrower otherwise agree in writing,insurance proceeds �hall be applieci to restoration or repair
<br /> of the Yraperty damaged, if the restoration or repair is economicatly feasible and L.ender's s�curity is not lessened.
<br /> If the restoration or repair is not cconomically feasible or l.ender's security would l�e lessened, the insurance proceeds
<br /> shall be applied to the sums secured by this Security Instrument, �vhcther or not then due, with any excess paid to
<br /> Borrower. If Bonower abandons the Property, or dces not answer within 30 d�ys a notice from Lender thet the
<br /> insurance carrier has offered to settle a claim,then Lender may collect the insurance proceecls, Lender may use the
<br /> proceeds to repair or restore the Property or to pay sums secured by this Security Instrument, whether or not then due.
<br /> The 30-day periad will begin when the notice is given.
<br /> Unless L,ender and Borrower otherwise agree in writing,any application of proceeds to principal shall not extend
<br /> nr gr,�s�,nnr rh? d!!P dare nf the monthly oayments referr� to in paragranhs I and 2 or change the an�ount of the
<br /> payments. If under paragraph �1 the Property is acquired by Lender, Borrower's right to any insurana policies and
<br /> proceeds resulting from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums
<br /> secured by this Security Instrument immediately prior to the acquisition.
<br /> 6. Oocupanc,y� Pcuavatioa� M�intea�ace aod Pmta�loa of tLe PcnQexty: Bom�wa'e Loan ApplicMioa;
<br /> I.eaeeh�►Id�. Bonower shall occupy,establish. and use the Property as Burrower's principal residence within sixty days
<br /> after the execution of this Security Instrument and shall continue co occupy the Propetty as Borrower's principal
<br /> residence for at least ona year after the date of occupancy,unless Lender otherwise agrees in w►•iting,which consent
<br /> sh�ll not ba unrcasonably withheld, or unless extenuating circumstances exist which are bcyond Fiorrower's c:ontrol,
<br /> Borrower shall not destroy,damage or impair the Property, allow the Property to deteriorate, or commit waste on the
<br /> Prop�rty. Borrower shell be in default if any forfeiture action or proceeding, whether civil or criminal,ls begun that
<br /> in I.ender's good faith judgment could result in forfelture of the Property or otherwise materially impair the lien
<br /> crtated by this Security Instrument or Lender's security interest, Borcower may cure such a default and reinstate. as
<br /> provlded in paragraph 18,by causing the action or proceeding to be dismissed with a ruling that, In I..ender's good faith
<br /> determination, preciudes forfeiture of the Bonower's interest in the Propr,rty or othex material impaim�ent of ihe lien
<br /> created by this Security Instcument or Lendrr's security interest. Bonower shall also be in default if 9arrower, during
<br /> tho loan appl[cation process, gave materially false or inaccurate information or statements to Lender (or faileci to
<br /> provide Lender with any material information) in connection with the loan evidenced by the Note. [ncluding, but not
<br /> liniited to,representations concerning Borrower's occupancy of tha Property as a principal residence. [f this Security
<br /> (nstrument is on a leasehold, Bonower shell comply with all the provisions of the leuse. [f Borrower acquires fee citie
<br /> to the Property, the leasehold and thc fec title shall not merge unless Le:nder agrees to the merger in writing.
<br /> N�RASICA�Single F�mliyPl�iLIMPHI.IIC IJNIPOR111 INS[RUMBIdT F°�°310QE 9f90
<br /> aKwxn sy,r,n,�a.ceom�+¢��: Page 3 of 8
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