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<br /> S. Hn�t�d or IMnpe�4y Insuranc�. Borrower shalt kcep thc imptaverttents apw existing or herc:ufter erected on the ,�
<br /> . , Propeny insun.d ngninat loss by tire.hazutdn included�vithin tP►e term "extended covernge" and nny other ht�urds, including r,�,,
<br /> floada ar flaoSinII.for v�hich l.ender requires insurance.7'his lnsumnce shull be mointnined in the umounts�uid for the peria�s
<br /> •� thnt 1 encler eSequtres. The lnswunce careier pmvidinB�he insur.�ce ah�il be chosen by Bormwer subject co Lender's approvnl ��'°
<br /> wi�ich ehsll not be unrcasoaably�vlttiheld. If Borrower fnlls to maintnln covemIIe described abovc. I.endsr may. nt Lender's •
<br /> . � � optton,obtain covetage to protect l.ender's rigdta in tho Property in uccordunce wlth pnrngraph 7. _=-'":-
<br /> � All insurnnce polistc�And renew�la shult tr�acceptnble to Lender And ah�ll include u star►dnrd mqreBage cluuse. Lensier
<br /> . � shaU have the dIIht ro hold the policies aad renew�ls.It I.enAer requires,Borrower ahNl promptly grve to l.ender�lt receipts of �;+x,,-�
<br /> ' ., ` pald premiums nnd renewut notices. In the event of loss,Borrower sh�ll Qlve prompt notice to ths insutance catrier und Lender. ��'-�
<br /> �""� LendeY may rnake proof of lass jf not mtWe prompQy by Borrower. .;y�,
<br /> """"'"� Unless Lender nnd Bomower othenvise ugre�ln wrlting,insurance proceeda sh�ll be applied ro resroration or ropair of the ��°
<br /> .•t, , �-:_
<br /> ' Property damaged.ff the restomtion ox rep�{r ia ecoaomicnlly feasible and Lender's security Ia nat lessened. If the restoratton or '�:
<br /> cepa�r is not economiciilly fea9lble or Lender's security would be lessened,the insurauce pmceeds shall be appfled to the suras
<br /> , secured by this Securiry Instsumeat. �vhether or aot thea due� with any excess paid to Bonower. If Bornower ubaudona the `;�_`=
<br /> " Peoperty�or does aot nnswer withtn 30 days a natice from Lcnder that the lnsurance carrIer has offered to setde u cl�im, then �l__
<br /> ' Lender may o.ollect the inauramce proceeds. l.ender may use tlte proceeds to cepnir or restore the Pcopsrty or to pay suma F,-_:
<br /> � :. secured by this SecurIry Iastnunent,whether or aot then due.The 30•day pedod will begia when the aodce is given. ��=>
<br /> • Unless Lender IIud Borrower otheivrlse egree in�vrlting, any application of proceeda to principal sbalt aot extend or ��;
<br /> � postgone the due date of the raonthly payments referred to in paragrapbs 1 and 2 or change We amount of the puymenta. If ��''!
<br /> R� under pamgraph 21 the Fn+p�rty is:�c9uired bY L.ender,Barrov�er's tight to aay insuranee policfes and procec,ds msulting from G�:;_
<br /> � ` damuge to the Progrrty grior to the�quisidon shall pnss to Lender to the extent of the sums secured by this Security Inseru�aat I�;__:_:
<br /> :'�t ' imruediately prior to t�z Ecq�aisition. -,W
<br /> .. S.Oaupnncy.TY+�rrvutian�Matateuurtce mnd Protectton of the Freye�r:Borrower's Loum�4p��@ratlon;Leuseholds.
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<br /> . Borrower shaU occupy,estabDis�,and use the Progerty as Borrowar's prIacipa! msidena withia si�ry days a4'ter the executton of -
<br /> �� ; this Seczui.�r Insuarnent and shell continue to occupy the Property as Borrower's principal re�ideace for at least one yr,at after --•__
<br /> �+ .. • ' the dute�f csccupancy.unless Lender otherwise agrees W writing.which consent shaU not ba unteasonably vutthheld,or unless �
<br /> extenuating cinumstanoes exiat wlsich are b�eyond Borrower's control. Borrower sha11 ant dectroy. daznage or imp�r the —__
<br /> Property,allow the�a+o�rty t�detedorate. or camrait waste on the Pcnperty. Bormwer ahall be in default if any forfelttue ___
<br /> ection or praceedie�.whether civil or crirainal,is begun that in Lender's good faith jud}�asnt could resWt in forfolture of the �
<br /> �+rope�ty►or asShenvise mnteriNty Unpair the lien created by this Security Inatrument or Lender's security intereat.Bosower may
<br /> cure s�a c'.efau►c and relnstate.a��ravided in paragrnph 18,tey causing the action or prooeeding co be dlsmissed�vith a ruiing
<br /> ' that, in I.ender's�aod fc3th detemiination, precludes forfciture af the Bomower's interest in the Property or other �nt►tertat e
<br /> . impairment of the lieru created by tb9s Security Iastnunent or LEnder's securlry interest. B9rrower shali a�so be in defnult lf
<br /> • Borrower,during the lomi applicadon process.gave matedalty false ar inaccursite information or statemen�c to Leader(or failed _
<br /> � - i to provt@e Lender with any mateda� infarmntloa)In coaaecdon with We loan evldenc�,d by the Note.incIuding�but not liutited
<br /> ' 4 w,repn�ntationa cottceming Bosrow��'a occupancy of the Prapx�ty as a prinaipal residence.If this Security Iasuument is on n
<br /> . ,�� � leasedutd.�rrower shell cotuply wi�h ali the provisions of t�e Deas�:. If�arrower acqutc�es fee title to the Property. the —
<br /> - •�• ° leasehold and the fee title ahall not merge unless Lender agrces to the merger in�vriting.
<br /> 7.ProtecHon of Lender's Rt�tnte tn tlao Property.If Borrower faDls to g�rForm the covenants and agre�meata contataed iu
<br /> � ' '� this Secvrity Insuument.or there is a legal proceeAing that mny algaiflcandy r�fect I.ender's rights in the Property(such as a
<br /> �- � " � proceeding in bank�uptcy.pnobute, far condemnattoa or forfeiture or to enforce laws or re€ulutions)�then Lender may do aad
<br />= _ �` pay for whatever ia rtecessary to protect the value of the Property end Lender's rights in Ws Property. Lender's acUons may
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<br /> ---_�::�:;;'�:, include paying any swns secured by a lien which hes priorIry over thia Securtty Ins¢ru�nent, apPearia8 � ��• PIIY�B
<br />,��.-Y:'� ressonuble nttomeys'fces aad entcring an the Property to make repairs.Alt6ough Leader may take acdon under this paragraph
<br /> =_rr�:: •��", 9.Lendcr does not heve w do so.
<br /> !=��:�'sr;x:�"' ��amounta disbursed by Leader under this par.ugaph 7 shall become ndditional debi of Borro�vtr secured. Ey thta ---
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<br /> =ae;;r�y Seeuriay�ms2auwent. Unless Borcower�nd Lender agcee to other tenas of puyment. these:unounta shaU bear iatet+est t1or�the
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<br /> �, •_�r1Y;;'"� date of diabursement at the Note rat6 and shall be payable, with iaterest. upon notice from Lender to Borrower requesting
<br /> �� ;.-.,► payment.
<br /> "�`-'s"���. 8.Mortgage Ym.�rrnnce.If Lender requtred mortgage insurancc as a wndid�n of making the loan s�cured by thts SSe�ecurlty
<br /> . '��'��:�_;.�; InstnuQent, Borrower shnll pay the preTaium�required to maintnii► the mortgage insuraace in effect. If, for nny reason, the �
<br /> =-R�•`�,7•:-�1M` mortgage it�urance coverage required by L.ender lapses or ceases to be in effect,tlorrower shnii pay the premiums requice�to �.=
<br /> _`;.,;��:���� " obu�a coverage auLstantially equivalent to the mortgage insurance previoasly in effect,at a cost substeatially e�uivaleat to We �-
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<br />' �,., cost to Bomower of the mort�age insurance prevtously in effect, from an altemate mortgage insurer��roved by Lender. If --
<br /> :';;, substentielly equivulent mortgnge insurattoe coverage ia not av�ilable.Borrower shail pay to Leaader eac6 montb a stun equal to ___
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<br /> ��,,�- oa�h��elRh of the yeariy mortgt�ge ins�rance premium be�ng pa[d by Borrower when the insuraace osvemge lupsed or ceased w - -
<br /> ����`"'' � be In effect. Lender wiU accept.use and retsin these pay�nents sss a loss reserve�n lieu of mortgaae insw�actee. Loss reseive ���
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<br /> • . >'+, Form 8028 fl/90 � `
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