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<br /> � � g. �� ap p�,op�rigr Insisrnnce. Borrower shall keFp the impeovements nn�v eaistin� or hereaRer erected on the
<br />- groperty ivaueed against los�by flre.haztuds included within the term'eatended cav�tage"and uay other hazurde. includin�
<br /> a
<br /> floods or flaodirig,for wbich Leader requires inswm►ce• 7'hia lnaurance shall be muiatained In the utnounts and ior the perto�s
<br /> od g u r
<br /> � thnt Lender requires.The inswa�tce carrIer providing the lnaumnce ehall be chosen by Borcower subject to Lender's apprevul ^
<br /> which Rh?Jl aot be unreasonabiy v�itkheld. If Borrower fnils to maiatnin coveroge descdbed above. Lender mny. ut I.ender's �
<br /> - .t' eptioa,obtain coverage to protect Lender's rtghts in the Property in uccordance wiW paragrnph 7. �_--
<br /> Ali insvrauce policies aad renewais shall be ecceptable to Lender and ahe11 inciude n standard mortgage clause. Lender �.
<br /> �� _�, sbaU have the rtght to hotd the policies and renewals.If Lender cequires,Borrower ahall pmmpdy give to Lender�ll receipta of
<br /> � patd p�miuma s�nd renewal aotices.In the event of loss. Borrower shall glve pmmpt aodce to the insurance c�rrier and I.ender. �--
<br /> ,_� Lender may make proof of bss if aot mede promptly by Bortower. �
<br /> Uniess Le�tder and Botrower othecvvIse agree Ia wetting.insuraaoe Prace�s ehall be uFplie�to restoradon or repair of the E
<br /> pmperty damaged,if the restoradon or repair is economicaUy feasible and Lender's security ia aot lesseued. If the reswrntian or _
<br /> . tepair[s aot e�oaomicaUy feasible or Lender's security would bs lessened, the insurance pmceeds shall be applied to the sums F,,
<br /> �� secured by this Securiry Instr��ent. whether or not tt�en due, wtth any excess paid to �orrower. [f Borrower abandons the _..
<br /> ., ' Property,or does not answer within 30 days a notice from Lender that the insurance carci�sr has offered to seate a claim. t�an
<br /> Lender may collect the insurance pmoeeds. Lend6r may u�e the praceeds w repair or reswre the Progerty or w puy suma
<br /> secured by this Saudty Ins�ment.whether or not tben due.1]ie 30�lay g$riad wUl hegin when the nottaa is given.
<br /> ..� Untess I�eader and Bora+ower otherwise agree in writin8. aaY aPPliaation of pror�ds to pr�ncipal sball aot extead or
<br /> postpone the due dete of t5e monthly payraents referred to ia paragraphs 1 and 2 or change the amount of the paymeats. If
<br />. '�i) „ .�! under parugraph 21 the PnopertY is acquired bY I.eader. Bormwer's dght to any iasurauce policles and proc�eds resulting from
<br /> T'
<br /> damage w the Pmperty prior to the�cqquisiflon shall pass to Leader to the eatent of the sums secur�by this Security Instnunent
<br /> • • � imm�iatcly prior to the acyuisition. -
<br /> 6. Oca�pancy. Prreser�vnflon, Maintenance and Protection of the Pro�ty: Borrowrr's Loan Appllc�tion;
<br /> _ I.enseholds.Borrower shaU oacupy.establish.aad use tLe Pmperty as Borrower's prladpal resideace within sixty days after the
<br /> " n' ea�ecution of this Sacudry Insta�ment aud shall continue w occupy the Property as Bomo�v�er's priuc�pal residence for at least oas
<br /> _ - yeat after the date of occupaacy.ualess Lender othenrise agrees in wddn�,wl�ch consent shall aot be unmasonably wlthheld.
<br /> ,,�t�:•:�, or naless exteauating circwnstances exist which are b�Yond Borrower's ooatrol. Bomower sbaU aot destroy,damag�or impair
<br />,:k;���,�� the property.allow the Frapeity to deterlorate.or cAmrntt waste on the Property.Bortower shaU be in default if any forfeiture
<br /> ��w�. -� ��9r�mc.erding,ahei6er dvil or crIminal.is begun that ia L,ender's good faith judgment oould result tn forfeiture of the
<br />`�,��;.,:, . pmpert�'or othervvise matenaUy iYapair the lien created by this Sec�dty Instnimenc or Lender's security ia�eresc.8omowcr►iisy
<br />>_�,;::.�a. , cure such a default and nelestate.as provided ia paragra�ph 18,bY causin8 the aaion or pmcx.eding to bs dismissed with a culing
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<br /> : .r;-a�ri� that. in T.�ender's good faith determination, precludac fo�feiture of the Borcoaer's interest in the Pmperty or other mate
<br /> -'='��'�'X t of the I�en created by this Secarity Inst�uumaeiu or I.ender's securtty interest. Bornnwer sTiall also be in default if
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<br /> �'`.r�'. BUT[p�lej�during the loa,napplication ptocess,gave maurially false or inaccucate infotza�tion or statemeats to L�nder<or
<br />:�,.,�' including b
<br /> to pro'vide Lcnder with aay materiul inform�tion)im m�nection wtth the loan evideac�l by the Note� , ut aot limited
<br />��,'.;:,r�� w,rePrrsentations oonc�rnfng Bonrower's ocxupancy of the Pmperty as a principal residence.If this Securtty Insmiment is on a
<br />--_���� leasehold. Borrower shaU oomply with all the prnvisions of the lease. If Borrower acquires fee dtle to the Piuperty, the
<br /> �:��<_:.�=� leasehold anA the fee title ehall not merge nnless Lender a�es to ttte merger in writing.
<br /> �'=��5� 7.Protoc�lon of I.ender's itights In the Prz►p�rty.if Borrower fails to perfo:m the oovenants and agnements oontainsd ia
<br /> `=�n"�,,��� si cantl affect L�nder's rI ts in ttte Prapertyr(such as a
<br />,r��,�� this Secur�ey lnstrument,or there is a legat p�ing that maY gnif► Y 8h
<br /> -- pmoeeding in banktupicy,pr�obate.for condemnation or forfeiture or m enforce laws or regulations),then L�er msY do and
<br />�_�.;:�;::�p: paY for whatevet is n�un�to Protect the vatue of the Pcuperty and Lettder's dghts ia the Pmperty. Imder's actiona may
<br />--------L�::�fa_ include paying amy sunosaecured by a lien whi�taas priority over this Securlty Instrument, aPPearin8 ta wurt. PaS�S
<br /> - reasonable auo�eys'feea ead eaterfng on the Pt+operty ro make repairs.Although L,ender may take action under this paragraph
<br /> - --"- 7.I,ender dces not hsve todo so.
<br />-- - —= p�r amouats disbwsed by Lender under this Paragraph 7 shall.become addittonal debt of Bomower aes�d by this
<br /> "�z�"� Security Insuunoent.Ualas Bo:rower and beader agc+ee w other terms of gaymem. ihese amounts shall bear interest fmm the
<br /> -- � dau of disbwcsemmt at the Note rate And shall be payable,with interast.upon aodce from Lender to Bornower reguesdng
<br /> -- _ _ P��• mort e iasurance as a condition of making the loaa sewted by this SecuBty
<br /> ��-�� 8.Mo�s+ge Insura.m:e.If Lender reqnired gag
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<br /> Iastaument,Boirower shall pay the pre�niums required to maintaln the mortg$ge insurance ia effect. If,for any reason,the
<br /> ----- mortgage inawranee ooverage requir+eid by I.ender lapsesor oeases to be tn effect,Bo:cower shall pay the pre�miums to
<br /> "--�=�;;;n�,�a�. obtain oovera�e substaat�liy equivaleat to the mortga�e insurai►ce Previously in effea,at a oost substaatiaUy equivalent to the
<br /> _ - '`°��", cast to Borroaar of the moatgage insurance previously in effect. from an alternacc mortgage insurer approved by Iea3er. If
<br />-;;;�;*{,;��;�r. sa�bstam�lly equivalwt nqrtgge�aat�coverage is noi available,Bornower shaU pay to Leader each month a sum equal to
<br />:,��.;•�:�=.`�:. • one-i�velftL of thz yearly mortgage insurnns;e Premium being paid by Borcower a+hen the insurance ooverage lapsed or ceased to
<br />-M'wy�,:: � be in effecx.Lender ciill zocept.use and retain these paymeats as a loss resenre ia lieu of mortgage insuranoe. Loss reserve
<br /> -° Foren 3028 9/90
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