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<br /> g, gIurard or d�perty Insa�rttttse- Borro`°rer shall �eep the improvemenu novv existing or hereafter erected on the --
<br /> Pxopzny insu�ed against loss by fire.haranis included�v�thin the term "extended covesage" and�ny other hazards. insluding �
<br /> floods or floading,for which Lender requires insuraare.This insurume shall be maintained in the amounts and for the pEriasls �
<br /> t}�at Len$es re,quims. The insuranc�cnrrier providing[he insurance shall be chasen by Borrower subjecc to Lender's approval �
<br /> r.�hich shall not be unreasanablY Evithheid. If Bor�awer fails to maintain cbvera$e described atsove. Lertder m;ay. at L.ender's O
<br /> option.obYain coverage to protect Ler.der's ribhts in the Proa2rcy in a000rdance wiih Parr�b'raph T.
<br /> A!! insurance policies aad rene�eals shall be ucceptable to Lender and shall include a standarde to Lender allsreceipts of
<br /> shall have the right to hold the policies aU.d ien�r�:1s.if Lende�eeQshall�B e rampi ouce�o the iasurance carrner aad I.�nder. � -_-
<br /> paid pre�niums aad renewa!notices.In the event of loss.Borro g P � __
<br /> I.ender may ma�ce proof of loss if not m?de pTOmpilY bY BnTrotver. .
<br /> Unless Lender and&►ao�Jer osherwise��e in writing.insurance proceeds shat!be applied to rescoration or repair of the
<br /> property damagzd,if the ceswration or repair is economically feasibie and Lender's security is not lessened.Ii the restoration or _
<br /> repair is nat economically feasible or i,ertdei s serurity w�nuld he lessened,the insurance proceeds shall be appiied to the sums
<br /> ���d I�S. t�is gecuriry Insnument,whether or not then due.with any excess paid to Burr�wer. If Borrower abandans the
<br /> property.cr�a2s aot aeswer within 30 days a norice from 1-ender tii�at the insfuance carrier has offered to settl T Lo laim.th�en
<br /> L.ender may oei�ect c� i�ucanee proce�ds. Lender may use th�p�ceeds to repair or reswre the PcogsrtY p Y '
<br /> S��red by�his�.ir�:��ameat,whether or nat thzn dae.Th�?fl�a�P��ri�b��princ pal�shail not extcnd or
<br /> iJnl�s t��?�+' ;-..� �srowc�ot,`�rswis2 agrre in :.vr'siinc, �, P
<br /> poy��ae cua�::.��.cY�e mnnthly payruenu referrzd to in r�,:�phs 1 and 2 or c�nge clte amount of the paym°nts. ff
<br /> under par«:��21 tpr�-�pertY is ecc;�a�"ed by L�d.�r,Baao�;e:-'>right to any instuanoe paLz*w and proceeds resultin�6mm
<br /> ���a-�;�property�.-;ior to the acq�isition�'��-ss to Leuder to the excent of the sums secuied bY this��ritJ+�ns�j
<br /> imrrcediz*_�'.f prior to the acquisitian.
<br /> 5.QI�ncY.Preservation,Maintenar+ce a::�ieetton of tPte Prape*tY.Borrower's I.oan Apgti.�t��n,L��ehoids.
<br /> Borrowcr�1'acrupy.establish.ac�use the Property as Borr��"•s principal�esidenee within sixty daYs a."�'tlie exe�timn of
<br /> ihis Se�r"��;nstrument and shall continus to occupy she Prc�'•:�as Bflnawer's principal residence for ai Itast one yeas after
<br /> the date of occupancy.�'�ss I.ender othsiwise a¢r3.s y arri�.:,�-'�hich consent stmll not be unreasonabiy�iitiheld.or unless
<br /> T-=e or impair the
<br /> extenuating circumst:�a� exist �vhich are beya_•� ]E�.-rower's :or.trol. BorrowBorraa r sluill�be�'�n�defu,�i if any forfeituce
<br /> propesty. allow thc Prog�rty to d:ze�:�mte. or cr�.z:t waste r_ye Propercy.
<br /> action ur�ceeding,whether civil or c.�inal. is begun that�L�der's good faith jud�erw could interes4.�Borrovver may
<br /> property c7�ti�erwise matecially impair the lien crezsd by s6is Sec�zib+Instrument or L.enfi.ar's securi�ty dismissed v.+ith a mling
<br /> cura such a default az3 m'instate,as Provided m�.=�"`�,b;8�=`�`�sing the t�cction or proc��g or other material
<br /> that, in Lender's goo� faith determination, Pre^..ls::as'a�e�-:.-�of the Borrower's interest in the Prop�rty
<br /> impaixmc�7 of the lien created by tt►is Securit;� 1n.�m°-�-°-�z c'�d�r's securiry interes� Borro�er shall�•'so be in defauit if
<br /> BorrowE;,d�ring the loan application�r�czss.g�,�e"-.�`eria"x ia:�:c�r inaccurate informazion or statemants to Lender(or failed
<br /> to prov's�e�:ule�with any material��fom�6o.�M c�naectc�.:•��':the loan evidenced by the Note.ineiudi a�bu��i os��a
<br /> to.rep�szntaiions ce�.�rning Borrower's oecug�i."�•�f d►e Pra��tY�a Pnnc�Pal residence.If this Securiry
<br /> leasehotd, Boaower w'�:l oomplY witl' a1� the !�--`r•"ons af the lease. If Burronrer acquires fee ade to the Property. the
<br /> leasehold and the fez dtle shall not me�e unless U� �����Is o pe:;orm the covenznts and�,;,'���ts contained in
<br /> 7.Prolection ot Lender's Rip,hts in the Pr�op�nS'•
<br /> this Security Instrument.or there is a legal proceeding thet m::,�rgnificantly affert Lend�'s�ig,hts in the Prape�ty(such as a
<br /> pruceeding in bankruptc3+.probate,far condems�.:ts.=or forf�:�a..�:or to enforce laws or rzg��tions),th��1-errler rn�y do and ,
<br /> pay for whatever is neces�ary to protect the val�r.cti`':e PraPenY and LeIIder's rights in t4ie Property li=�dez�s actions may
<br /> ' include payin�azry � s�� by a lien wui�:i� .�as priority over this Sect+rity dnstrument. app�r�r�: in court, paying
<br /> reason�bie attomeys'fees aad entering on the Prn�x:�}+to ma'se repaits.Although Lender may take action.�.der this paragraph
<br /> 7.l.e�:.r does noL have to do so.
<br /> Any amoums disb�in.zd by L:��a:r unde�t�'�is paragr'�•'-�-shall become additional debi af Borrawer secure3 by this
<br /> Security Instrument.LT��7:-,�:s BoTr3���:.sd Le�i�'�a�gee to other terRSS of payment,these amounu shalt hear interest from the
<br /> date of disbu�sement a:��te Not�^:..�and sh:i��a=�ayable, with interest• c�on natice f�a� 1-�nd�r t�lE�s�-rower reqursting :
<br /> paymen� �- ,-, • • .
<br /> 8.1�1ortgage Insnrance.If Lendar required mortgage insurance as a wndition of m:,�vr�;�.he loan secured by L�_:���..-n�Y
<br /> Instrument, i3unower shall pay the premiums required to maintain the mortgage insur^��.c�c L�effect. If, for any rea�on, the
<br /> mortgage insurance coterage required by Lender i;e,pses or ceases to be in effeEt,Borrower shail pay tF�a aremiums required to
<br /> obtain coverage snbstantially equivalent to the m,:+�'„age insurance previously in effect,at a cost subsk:;+.;;�iy equivalent to the
<br /> cost to Borrower af the mongage i�►surance p:���rr.1s1Y in effect.from f►n alternaze mort�age insurer�,�roved by Lender. If
<br /> substantially equivalent mortgage iasurance coverage is noi avail.a6le.Boaower sh311 pay to Lender ezrt_•-^anth a sum equal to
<br /> one-twelfth of the yearly mortgage s.�ssumnce premium being pnid by Bonower when the insurance coverage Iapsed cr u::ved to
<br /> -= be in efiert.Ler���.r will axep�,�:s���-d retain dr�s:°payments as a loss reserve in lieu of mortgage insurance. i.a=-s :�serve
<br /> farm 3028 8/90
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