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<br /> S. HaserA or Prnpe�ty L�wnaoe. Bortower �11 koap tho improvanena now exi�tlnR or taraiAor oraard an �he
<br /> Property insurod �in$t loar by flre, haz�ds includod wlthin�ho �erm "oxtadad oave�o".nd�ny al�e�h�uuud., Includla�
<br /> flood�or floadin�.for which Lcrder roquir�inRUnnce. Thio inwnnae�hall be m�ltuained in the wnaunb+�nd far tho p�rlod�
<br /> that i.ender requirer.The incurnnce crurier pmviding the inauranco cludl be chosen by Bnrmwer xubjoc� ta l.ender'�spprovd
<br /> which clwll not be unreau►nwbly wUhheld. If Borrower fi�ila to nudntain coverage desedbal�bov�, L�ender may. u L�aider'�
<br /> opiian.obain rnverage ta protect I.ender'sc rlghts in the Property in accordnnce wi�1+pnrn�reph 7.
<br /> All insuranoe pulicfes and renewals tilwll be accepu►ble ta l.ende�and ahall inolude u ct�ndard mort�c clwce. Lender
<br /> ehall havc�he dght tn hoid the pnlicic��nd renewals. IP l.ender requlres.Bortawu shall prompdy giva to l.aodcr all ro�xipt�of
<br /> '� paid premiums and renewal notices.ln the event of loss,Borrower�holl give prompt notfx to the insu�nce cArrier and La�der.
<br /> Lender may make proof'of los.4 if nat made promptly by Bamower.
<br /> Unless[.ender and Barrawcr otherwis�e agree in wt�ting. �IIBUrADCC�IfOCCOdB BI16II I1C Y�1IICd ld fCBlOrA1�011 OI'1C�f Of IIIO
<br /> Propetty damaged,if thc restoratian or repuir is economically feasible and l.cnder's seeurky is not lesseoed.If the�toratl�n ar
<br /> �epair is nat economicully feasiblc or l,ender's security would be lessened. the insurnnce proceods ahall be appliod to the sums
<br /> , secured by this S�curity Inswment, whe�her or not then due. with any excess paid to Borrower. If Borrower abandons the
<br /> 1'�opeKy,or does oat answer within�(1 days a�otice from lxnder that thx insurance canier luie offered to setqe a claim�then
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<br /> •�.�,a+:'�.
<br /> r. .. - .. ..:,,,+. L.ender mny coltect Ihe insuranee proceeds. l.eode� may use the proceeds a repair or nestore the Pmperty or to pay sums .
<br /> secured by this Secudty Instrument,whether or not then due.The 3Qday period will begin when the notice is given.
<br /> Unless I.ender atd Borrower atherwise agree in writing, any application of proceeds to principal shall not extend or
<br /> ��_�:, _ postpone thc due date of the monthly payments referre�i to in paragruphs 1 und 2 or cJwnge the arnount oi the ps►yments. If
<br /> � � ' 4� unde�paragraph 21 the Propeny is acquired by L.ender. Borrower's right tn�ny insurance palicies and proc�eods rcsuUiag from
<br /> . o,,:,�,���,,;;;.. darnage to the Property pdor to the acquisition shall pass to L.ender to the extent oF the sums sscured by this Security lostnunent
<br /> • immodialely prior to the acquisition.
<br /> ' y '��':=;,�:G;...eK-,�. 6.Occu
<br /> 7_,,;,: , ,,...�t pancy,PreservaUon.INointenance and Pmtection of tbe Property;Bamower'a I.oAn Applicatton{Leaselwldv.
<br /> • Bormwer shall occupy,estaMlish,and use the Propeny as Borrower's principal residence within sixty days after the execulion of
<br /> ".� Y� . �'�����` this Secu�ity Instrument and shall cantinue to accupy the Property as Borrower's princip�l residence for at leust one year ufter
<br /> . ' ,,'.`;:.,���:i-`;1t;,,,�„ the dnte nf acrupancy� unless l.ender otherwise agrees in writing. which consent shall nat 2•�unreasonably withheld,o�unless
<br /> - "•�""'=�''a+�-:�� extenua�ing circumstancex exi�l which are beyvnJ Burn►wer's cuntrol. Born►wer shall not desUoy, damage or impair the
<br /> °`• �r",°" . .
<br /> '"' Praperty. allow the Property ta deteriorate, or commit wuue on the Propeny. Bornnwer shall be in default if any forfciturc
<br /> �„. . ,��,:a..���:
<br /> . action or praceeding, whether civil or criminul,is begun thot in Lender's goad faith judgment could result in forfeitur�e oF the
<br /> �i, .. � , „ .,"�L� Aropeny or atherwisc materially impair thc lien created by this Secudty Instrument or L.ender's security interest. Borrower may
<br /> - '+, cure such a default and reinstate,us provided in pnragmph 18, hy causing the action or prace�ding to be dismissed with a nding
<br /> � __ Ih,�t, in I,ender's gc�*.� l�ith determinution, pmludes forCci�u�e ef!he Horrower's insercss in the Prc►perly or dher mate�l
<br /> � '�r; impairtnem af the lien created by this Sc�curity Instrument or Lender's security interest. Bonower�ha11 also be in default if
<br /> ,�'� . .• „ &►rrower,during the loan application pmcexs,gnve materinlly fake or inarrurau infomwtion or swtemems to L.ender(or failed
<br /> '' • . to providc Lender with uny muteriaE inforniutionl in cunnection with the loan c��idrnced b}•the Note, inrluding, but not limite�
<br /> �, � , � _ to. representutions conceming B��rro�ver's occupuncy of the Property as u principal rexiden�e.lf this Security Instrumen[ is an a r'
<br /> ��:' ;. „ leasehold, Borrower shull comply ��•ith All lhe provltiiom of �he Ir;�se. If Borrower ucyuires fee tiUe to the Property, the ,
<br /> '"� � ' lenschold and the fce title shull not merge unlc�s Lendcr ugrec�tu the mcrger in writing. ,
<br /> ��. " ° . 7.Protection of Lender'c RiRhts in the Arnperty. II'&�rrower fail,to pertbrm�he mvenants und agreements contained in
<br /> this Seeurity Ins�rumcnt,or there is u Icgal prncccJmg th•rt muy tiignitirnntly affca Lendcr's rights in the Property (sto�h as a
<br /> � " � � � proceeding in bankruptcy,pn�Mnle, f��r rond�mnation i�r li►rl'riture or to enfi�rce Inw+or re�ulutions►, then Lender m;��• do and
<br /> �'�` ' �{ pay for whutever ix neretiwry t�i prntect the valuc of the Pru�xny and l.ender's righ�, in the Property. Lender's ucti�►ns may
<br /> ��: ' includc paying any sum, s��cur�Yl by L licn �vhi�h hu. pri��rity avcr �hi. Security Inslrumcnt, apperring in coun, pnying ,�.
<br /> � ' reau►nable attorney±fec�anJ entering on�hr Pm�xrty to nwkr rcpuin. AUhcwKh l.ender may tuke action under this paragraph
<br /> ° 7. [,ender does n�►t huve�o do so.
<br /> � • Any omount� Jisbun��l Ny Lcn�trr under Ihi. parugraph 7 ,hall t+�r�mk adJiti�m;,l deht of&►m�wer securcd by this
<br /> , Security Instrument. Unle�s &irraaer•rnd LcnJrr a�rcc t�i uthrr tcrni�ul'paymrnt, thru a�ixwntti,hall Nenr intere�t fran llie
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<br /> ., date af disbursemcnt ut �he Notr rute unJ .h:�ll tk payuMc. N•iih imcrc�t, u�u►n nrnicc frum Lender to Bormwer requesting �
<br /> i. payment.
<br /> :�'�. '+s• � • • 8. 1►torl�aqe Incuruncc.II�LrnJrr reyuir�rl mnng•rgr in+ur•rnrr a�a canJition ul'makin�lhc lu•rn.rrur�Kl hy thi,Stwurity
<br /> . � ` " In�trum�nt. Bnrrowcr xhall pay �hc prcmium> rcyuir��J a� maiotuin ihr nwn�•rgr inwr•rnre in cflcrt. It. ti�r any rca;nn. thc
<br /> � mc.ngu�e in.urunrc covrra�r rryuiral hy l.enJ�r lap��.ur rea.e+��►I+e in el'ti�.�. liormaer .hull pa?� the premium� r�,�uired to
<br /> , • ohtain rnveruge.ub.tantiall�•cyui�•nleni tu ihr nu►rl�age imurunrr prc�iuu,l� in �flcrl. :�a ru,t ,uh.�anti:ilh equi�alrm lo the
<br /> �, ' ai�1 to &►rrowcr ol'Ihc munga�c in.uranrr prcvi�w.l� in cflrrl. frum an •rhrrnatr o���nE:�ge in.urcr a�+�+r����tii b} Lendcr. If .�':
<br /> ; . .uh,luntially ryuivalcnt nx�ngagr in,uranrr r���rragc i.n�N a�uilahlr.fiurruwcr .hall pur a� Lcndrr curh munth a.um cyu:il �a 4,;;
<br /> ��; : i onc-taclfth�it'Ihr ycarl�•miingage inwramre����„����»n.���L�aid I,� N��rro��cr��h.n�hc in,ur,mrr�a��crugr lup.�ti1�•r rcu.cd lo �'.,��,
<br /> fbc in effect. l.enJrr will arcepi. u.i anJ rrt•rin Ihc��pa��mcnl,a. a lu.. re�rnr in licu of nwnEugr insuruikr. L�,,. rc+rne
<br /> l / J Form 3028 8f90
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