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<br /> • ' "� ' � s. �S� a�pro�acrty Insurancc. Bnrrowcr shail kcep 1ho itt�prove�iicnt3 notiv cxisdn� or herenfter ezected on the � -,. .
<br /> � % Property ineurcd oBntnst loss by t 1re� hazarda Inciuded within the term'cxtended covernIIa" nnd any other h�+rds. inctudinII —
<br /> A flocds or floodtng. for�vhich Lcnder requires inaumnce.This Inaurnnce aha11 t�e maintained in the�ur.ounta un0 for the periods
<br /> thut L�tder requlrea,7`i►e insue�uzce cueel��Prhv�din�g tho insurnnco s?+uit be chosen by �orrower aubJe�cn�te�yeint Lender's °
<br /> � � � w h i c h s�sll not be unreasonably w(thheld. If Botrowet faila to maintatn coverage descdbc�ttbove, . _
<br /> - •' ap�ivn.obtalra covern;e to pmtect ►Lend�r's d�ta!n t he P r op�r t y i r¢c c o r d a n ce�v i t h p a r e a g r�p h 7. ,�_
<br /> �•� pu ina�nraace polieies and renewnls shall be useeptnble to�nder und shail include u etanc4ard r�iangage etnuse. [.ender �—
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<br /> �•::::� . shatl huve the dght to hold tha polictes und renewnls. It Lxnder requiree,�nower ehNl promptiy give to Lender ntl receipts o� -
<br />�a' p�{d p���eAd c�newal notices.Ia she avent of toss,Borrower shall givo prompt notice to the iasurnnce cunier and 1.ender.
<br /> �d��ay mnke proof of Loss!f not made pmmptly by Bacrower•
<br /> �--�.'.�; Udess Lender aad�orrower othenviee agres ia writ;ng+ lasu��p!°�ehall be applied to restoration or repuir of the
<br />;t.A�`:, ��,.� ��y�ge�•uthe restoradon or reps►iir Is ecoaomically feasible and l�euder's secudty is not lesseaed.If tk;�ta the sums �_: _
<br /> fito would be lessen�.tice insura�r.e pmcceds ahull be aPP
<br /> ='��.h�:�.:c repair is not ecoaomtcallY feASible or Leader's security
<br />-�'����,�" � secused by t�ie�=Y ��A�t� cvhether or not then due,wtth any excesa paid to Borcower.If Bormwer ubandons the
<br />����_;'�';;�� PropertY,or doe�not answer wit�iu 30 daps a aotice from Ixnder that the insurance carrier has offeird to settl=atoclai�+the�n
<br />-`:�,;;:`��` Lender may collect ttee insw�mce pmo�cls. I.euder may use the proc�s to repair or restore tha Propefi+
<br />�:,=�.��, s��by��urisy lastrument,whether or not than due.The 30�ay perlod wiU beSin when the notIce is glven. -
<br /> _-.�;_-;;r`_' Untess Leader and Borrower otheiwtse ugtee �n wtltling� anY SPP�catton of pmcceds to p�Iacip�l shtill not e�uend or
<br /> �,i.. ent�refernd ro in psaraaraFhs 1 and 2 or chaaBe the amount of the payments. If
<br />-:,:.;.�.n,., . postpane the due date of the moat6lY F� .
<br /> �F;`�°�;� uader paragraPh 21 the PropertY is accluired by Lender� Borro�ver's r�ght w tuiy inaurance Pulieies end pmceais rasultit►8 ftam
<br /> :;���'�: damage w the PropeKy prior w the acquisition ahaU paas to Y�ender ta the extent of the sums seca�red by thia S�curity lnsuua�ent
<br />��,=%L� '� immediately prlor to the acquisitlon.
<br /> ,Bornuwer's Loan Applicatton►Leasel�olds.
<br />_-z;_;��� 6.�ocaDau�c9�P�s��OA'Mainteaance snd Protectton oY the 3aroperty.
<br /> -.._�,.��_� gorrow'�r shall eccuPY,establiah.und use the PropertY ns 8orrowex a priacIpul resideacxi within sixty days after the execution of
<br /> - .� � this SecudtY Instrument aad shatl centlnue to oxuPY the PropertY as Ho:rotver's ptiacipal residence for at least oae year at3er
<br /> ��� the date of aac�PaaeY.unlesa Lender otheiwiss.agrees in wrlcing,whtcd►oonsent sball not be unm.asonably wtthheld.or ualess
<br /> � extenuating circuautanoes exist wl�ich are beyoad Borrower's controi. Boirav�er shall aot desuoy. damaSo or imPair the
<br />-- -� p�PeriY, allow the FroPeitY to detetiarate, or commlt wuste on the Prapt�y. Borrower shaU be in defautc if any forfeiture
<br /> � acdon or p��+ whether civil or crlminal.�s beSun���der's good faith judgment could result ia forfeiturE of tira
<br /> , �P��'�.a�'�'1��rPriaily impair the lien ct+sated bY th�s S���Y�e acaeon or��,s security interest.Bo�rower may
<br /> mvided in parBBcaPh 18�by causing vi�8�� ` °�`!•t wtth a rnting
<br /> ------- c�ue such a defautt and n�iustate.os P or ut�ar maurlal
<br /> ==,_`;;� that,.in_Lender's good faith detemoination. Pre�ludes forfeimro of the Borrawer's interNt in We PmpenY
<br /> _� . " impair�ent oY the IieA c��by���ty��� or Lxnder's serurIty lnterest. Boirower sh�ll also be in defiutt if
<br /> - _ ' BornQwer� the loan applicadon process.8ave mater1a11Y false or inaxurate tnformation ar statemsats w L,ender(or feiled
<br /> dudng ' incIuding,but not Limiud
<br />_ _.--_- to prnvide LencdHr with any materla►infoimadon)in oonnectiori w�th��ps�c g�m,sidence.If thls�Security Iusavment is an a
<br /> --.`';;� to.r�piesensationsooncerninB Bamawer`s oocvpanaY og t�e FrAFerty .
<br /> -- leasehold. Borrower ahaU com�ly aith all the pmvisions.of'the lease. It Borcower scguires fee tifle w the Propotcy. the
<br /> - leasehold and the fee tide shall not merge unless L�nder ag�s u�the merger in wtitiag. ts coatained in
<br /> ""` 7.Protcdtoa oi Lender's Righta in the pro�ertY.If Borrower fails co perform the covenants mtd ag�� .
<br /> tbis Security Instnu��t.or there ia a legal paoceeding that ntay si$niticantly af�t'eCt Lend�'s rigbts•in tb�e Properi3%(such as a �
<br /> - p�ng is►bankNFkY,P�bate� for condemnatioa or forfe�ture or to enforce laars or re8ulationa).`�Lenderes ACtio��Y
<br /> - pay fdr whate�►'er Is nso�sa�►�Pr'o�the value of the Propeciy and Iander's dghta in�the PmPertS►• ia coiltt► P�Y�B
<br /> iaelude pa4Y�►8 �Y � sacurcd bY a lien which has p�lorlty over this Secudty Insuuaasnt� aPP�aB
<br /> ---- n�sonable attoraeys'•fees aad enterInB on the PropertY w make rePai�s- Although Lender may take acdon under this paraBraPh
<br /> ' 7.I�ewder docs aot have to db so. I.eader under tbis Pata$caPh 7 s6all b000me addltional debs of Borrower sxuted by ttiis
<br /> ' �ppy amaunta disbursed by to other Lerms of payaaent. these amauata shaU bear interest from the
<br /> ,_;"c'� S�1�+��� Ualess Borrower and Lender agree
<br /> date of disbursem�at tke Note rate and shalt be p�Yable.arith interest. upon notice fmm fi.euder to Borrower requesting
<br /> PaY�• If Lender requtral mortgage insurance s�s a oonditlon of maldng the�o�n'¢ecur�d by tt�is SecuritY
<br /> S.1Vaort�8e�°�' �e premiums requimd to meiatain the mortgage insuranoe ia ef8ect. If. for any reasoa, th� �
<br /> _ ��ment,Bomoaer shall PeY
<br /> _ ��� �wverage reiNiced bY Leader lapse�or o0ases to be in effect�Boxmwer si�aU pay ihe premiuud's.required co
<br /> - obuu�i�n oovaage substundally e4u�valent to the�aortgage icsurani�Pnvtouslp in effea,�t a cost suqstantiaUy eq�i,ufllent to the
<br /> e�ns�reyr�..aPProved try I,ender.If
<br /> b c lnsurance previously ia eff�t, fro�an alternate mottga8
<br />- -_-_-__=__;� csrt to�snoc�e�of the mortga8 =
<br /> = aria�aiiaii9 ey'��s�uK�anauranoe coveraBe is aot uvaits:�te�'�tA'fa�i��BSI�?�Y t0 L�11Q83'C1lCa1 AlOA�I 8 SIIm W112I L9. �.
<br /> _ _ ���of the yearly mortgago insurnace premtum being paid by�or�ower whe;.sha lcooesr-..acs xv�1�Psed or ces�s:.�to
<br />-- : be in effect.Lendea wW aooePt�use and retein these paynaents as a loss r�.sen►e in Ueu of mortgage insurance. Loss reserve
<br /> —;;�`,',;� WTm 8G28 9f90
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