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<br /> S. �rd aT �ro��iy Itts�axun�e• Borro�ver sh�ll keep the improvemenu now exisang or hPreafter erected on the
<br /> Property insured against tass by fire.h3zarda included wiihin the term "cxtended caverage" and any other ha�rds. i�cl.idin�
<br /> floods or ftoodin,n,,for v.�hich Lectder requires insurance• This insurance shall be maintained in the s�mounts and for die gzriads �
<br /> thst Lender requires. Tha insuranze carrier providing th�insurance shall be chosen by Bonu+rer subjert to[.crcdei s apprava! � -
<br /> wi�icfi shali ro1 az unYes.��cr,t`viy ts�ttslietti. if Borra�er faiis to raaiat�n covem�e de,crib�i alsrne. Lender may, at Ixnder's s
<br /> oplion,ob�ai�mvera�e to pratect Lender's righu in the Propzrty in aocordance aith par,�graph 7. �
<br /> Ail insuranse�oliciea:and renecvals shall be acoeptabl�to Ixnder and shall incl�e s stundard mort�age clause. L.ender Q
<br /> shall have th�rigttt to hold t�e policies artd renetvals.If L.ender requires.Barrower shall pmmptly�ive to Lender all receipts of �
<br /> paid premi�ams ar.d raasr,�1 aotises.In tYte event of loss,�orrower shall�ive prompt notice to the insuranre carrier and l.ender.
<br /> Lender may makQ prc�af of�oss if rtot cn�de pmmpily by Borrower.
<br /> Unlas I,crtder ar�d SnrP��er othen•.ris�a�ree in vrriring. insarance praceeds sha1�tra applied to restorauon oe repair of t11e �
<br /> gmpe�qy dan��,if the r�.�ration or r�pair is eoanamirally feasihie and Lendei s securitY is nai lessened.If the restoraaon or
<br /> repair is noi�ortomic3lly Fe"�ble or Len+ier's sr�vrity waald be lessened.the insurFUtce prooeeds shall lse appl'sed to the sums
<br /> secured by tPus Securiry fn..:r.mzm.wt�ethe�o� aot d�due, cvith auy excess psid to�rrawer. if Borrativer rihamdons the
<br /> Properry.or doES aot ans�;er vriGhin 3U days a r.otice from Leader that the in4ur�u�ce c�rrier has offered to setde a ctaim.th:n
<br /> Lender m3y col�ert ths in:�3rsmx praceEds• Leader m3Y u�e the Pr�oe�s to repair or restore the Property or to pay siuns
<br /> securod by this Security in�,unent,wheiher or not than due.The 30-day period will�in e�hen the notice is given.
<br /> Unless Le�er and Sarro�uez otherarise ageee in writing. aa}+ aPB�ipiion of proceeds to principa! shal! noi exte�d or
<br /> postpo;tie th�due date af ths monthly payments zefem�si to in paiagtap�s I acd 2 ar change the amounc of the payu�..rzts. If
<br /> under p�zigrsph 2l ths Ftvperty is acquired by Leader. Borrower s right to any ii►3uracsr'x policies acd proce�ds resulting from
<br /> dzm3ge to tha Property pr��r�.n-�S:e acquisition shatl p��to Lencter to ttte extea�of the sums secured by th'ss�ecuaity Insrcument
<br /> unm�li�tely prior to the a�qnisiti»n.
<br /> 6.CAocnpancy.Pr�rvrtSlrr,MaiII3enaace and Protedton oYthe Pro�perty:Ban+nwer's Loan ApgIication;E.e�fmi�s.
<br /> Son+ower shzll oocupy.establiub,and use the PmFertY as Borrower's pTincipal residence within sixty days after the execr,�an of
<br /> this Se�urity Insmiment and sttuil continue t�ooc.�sy the ProgertY as Borrov�er's princiFai residei�ce for at[east ane year after
<br /> th�dzi�of oocupancy,unlesa Ilrznder atti�ra�ise a�,�in writia�.wh'rch wnsent shalt nat be ueineasonably withhe2d.or anless
<br /> exteaeatin,� circum�tant� erciss �vfiich are beyor.d Hoazower'� aoatml. Barrower shall not destray. d�a��or imtra�r tfte
<br /> pcoperty.ai�ow the Proper.y ta deteriarate. or commit wa�te ou the Prope�ty. Bo3rower shall bs in default if any fani:.isue
<br /> action or pmr�ding. whe'ther sivil or criminal,is begun t1�.t in ixnder's good faith jadg�ent cnuld rzsuit in forfeiture of tht
<br /> Propeety or otherwi��:eti31I�impair the lien creatad by this Security Inswment or Lender's security interes�Borrower may
<br /> cuie surh a default aad c�n�tta.as pnavided in g�.ra�raph 18,by causing the ariion or prooeeding w be dismissad with a ruling
<br /> th3t, in Lender's good faiih�atermin�Dion, pieclu�es forfeiture of the Borrower's interesR in the Property or other nrateriaf
<br /> imr�mm�-�of the lien cr�ed by thi: �ecurity Inswra��or Ls�der�s security interes� Bomnwer s6a11 also 6e in default if
<br /> Bomo�rer,dnring the Innn appiiaatian[��s.gave matErially�ise or inacxurate informati�n or staiemcnu to Lender(or failod
<br /> to prcvide I.eader with ai►y muterial infomiation�in oonnection with the toan evidenced by ths Note.iur���,bet crot limited
<br /> to,repaesen�tions cona�inII l��rower's acc�p°^.y��the Property as a principal residence.If zhis��a�is��.ss�t[ua�ns is on a
<br /> le3sete'�. �orroNer sh�ll oomply with �ll ths p�l�i_-��ns of ti�e lease. If Barrower acquires fee t'r�. nr�ii:u. Properiy. the
<br /> leaseCr3r��:u�the fee tir�e�aiI�noi merge unless LenC��t�chz mrrges in writing.
<br /> 7.�rtc�iedion�Y.�dcr'9 flti�is in the Pro�:f��Snrmm•Wr fails to p�rform the coverants and ag�eane�ts certai�m�in
<br /> tt�is Security Iz�sa�ums�st, er�rere is a l�gal proce�iirt��s�,+sigaificantly affect Lender's righu in +t_..-p Property(snch as a
<br /> proceading in bankr���.y'.vrtbnte,for condem�z�sm or forfeiture or to enforce laws or ragulations).�4xnder may do and ' .
<br /> pay for ah2tever is nor�sary te pmiect the�alu.=of the Progerty and Lender's rights in the Properry. Lertder's aciions may
<br /> in:tuyt paying any sums s�cur'� b?� a lien which has prior.y over this S.:urity Iast*EC.�t. uppearing in oourt, paying
<br /> rea,oaable attomey�feES and ca�teri:�r_n the Pro�:erty to make ropairs. Althoagh Lender�ra.? t�e attion under this paragtaph
<br /> 7.Lerk'e�does aot have te do eo.
<br /> qny ainounts disbur�ad by I.end$r un��r dsi� raragcaph 7 shall 6ecome sdditional debt of�ci�+.vm� socured by this
<br /> Security Inswment. UaJe��iTrower and Len�;iain�to other terms of payment,these amovnts sh�l1.^���i�interest fsom the
<br /> dzte a4 d'asbu�sement at tPiu l�ote�ate and shall Eva�a3+able, cuL�h interest.upon notice fcom I.ender t*� 13k7rrower e-z,�.7�ting
<br /> Qay�::.
<br /> 8.Mortg�ge IIns�ssxuc�.If Lender required cs;�n,�ag�insurance as a candition of malcing the Iosa�tax,red by this Se�.vriry
<br /> [n�wrm.nt. Borrowcr ci�ufT �uy the premiums n�r.�urod to maintain the marc��„e insurance in effe t. [i; fi�r any reason. the
<br /> m�n�e ir�sutunae co�eraga�r�.�ired by Lender l�ses or ceases to be in eff�s,I�'orrawer sRta�3�au dir.Et�miums required w
<br /> ob�in coverage sub�^�.antiall9 equivalent to the mortgage insurance previously in effect,at a ur��substa.Ttially eq�ivalent to the
<br /> wst ta Bnrrower of the mo�cgage insurance pre�iouslY in effect, from an xltemaie mort�:3�: insurer appmved Iry Lender. Tf
<br /> subgtsniia�ly equivalent rno�3age insivai►ce coverage is noi available.Borrower sha11 pay to Lender each rnonth a sum equal to
<br /> orce-twelfih of the yearLy anortg2ge insurance ptemium b,ing paid by Borrower when the insutance ccven;_�lapsed or ceased to ,
<br /> he in�eftoet.Lender wi�t assacp��e and mtain thESe payments as a loss reserve in liea� of mortgage in�in�.nce. Loss reserve
<br /> Forr.s:i(�:1D 0J90
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