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<br /> � � 83-'toe�90
<br /> S. I#wsiu�d or Pnopa�ty /aiwr��e. Bornnwer �lull keop�he impmvementt now exiqin� or t�eratter aro�d an the
<br /> P��ptrty�ltawrod a�afint la�r by flre. I�azud� included wi�hin the term "cxtaded oovor�a'and any atha�hnxardi� iacludin�
<br /> ticladt at,lloodina.for whlch L�eMer roquire�inRUrance. This insurwxc slull be m�intaindd in the smoun�s and for the period�
<br /> thM,Lontkr roquircs.The insu�wx csrrier prbviding the ineurance shali be cha�en by Barrower wibject w I.mder'R+�ppt�ovYl
<br /> M�flah.dt�l) �at be unres�onebly wlthheld. !f B�rrower faila to mai�aain cove�e daicribed above,Lpder nuy.at L�endar'�
<br /> o�.rfian,pbt�in coverage ta protoct[,e�der'i rlgh�s in the Pmperty in wccordance wlth PntaBraPh�•
<br /> Al) insurmce policies And n�ewals�Iwll be Aaxptablo to Lendee and ztu�ll.include a�tendard Rwrtga�c clauce. Lettder
<br /> st�Nllih�vo thc�i�ht ta hold Ihe policies xnd rcnewWs.If Lender roqufres.Hocrower ai�ll promptly glve to La�de�alt roceiph of
<br /> p�fc)Promiums nnd«newal notlas.In the event of loss.Borrower siull�jve prampt nwice to the f�uurwnce carri�:r w�d l.cndtr.
<br /> Lpndw�tw►y malce proof of loss if not itiade promptly by Borrower.
<br /> Unloss L,ender and Borrower otherwlse agrco in wrlting. insumnct pnoceods sha11 be aPP�ied to rcstoratlon or rc.pair of the
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<br /> Ptopeity dwn�ed.if the restoration ur rcpair is economically feasible and Lender's secudty is not lessenod.If the restorAtion or
<br /> ra9p�i�1G nat oconomlcally feasible or Lender's securiry would be lessened.the insurwsca praceeds shall 6e appliod to sums
<br /> s�cvmd by this Securfty Instrument, whether or not then due. with any excess paW to Borrower. If Borrower al�andons the
<br /> - Praperty.or does not answer withm 30 days a notice from Lender that the insura�xe carrfer has offered to settle a cl�im.tt�cn
<br /> Lendar may collxt the inwn+noe proceeds. l.ender may use the ptoceeds to repair or restore the Property or to pay sums
<br /> . _� • f`�w��.,,�:. sc�cut�d by this Secudry Instrument,whether or not then due.The 30-day periad will begin when the notia is given.
<br /> t•�:.,,?p'Y• • Unloss Lender and Borrower otlienvise agree in writing. any application.of pra�da to princip�d shall not extend or
<br /> � � ,; �. ( ppstqpne the due date of the monthly paymerxs referre�l to in paragmphs I aM �ar change thc amount of the payments. IE
<br /> . :�':.:���J�:•;:,�,.� undea pwagraph 21 U�e Property is acquited by L.ender. Borrower's right to any insu�policies and proc�eds resulting from
<br /> "��� '``• ' - d►r�n�o to�he Property prior to the Wcquisition shsdl pass to Lender to the eatenc af�he sums cxured by this Security Insuument
<br /> � � immedistely prior to the acquisitian.
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<br /> �" � "r 6.Oocuponcy,PneervwUon,Maintenance�nd Pmtecllon ot the Roperty;Borrower's I.oaa AppNcAtton;I.enaeholda.
<br /> �� . Bomower sh�ll occupy,establish,and use the Property as Barrower's principal residence witbin sixty days after the exeeution af
<br /> �� this Security Instn�ment and shall coMinue to occupy the Property as Borrower'�p�incipal residence for at teast one year aRer
<br /> � ' the data of occupancy,unless l.ender otherwise agrees in wrltiog, which��angent shall not be unreasonably withheld, or unless ���
<br /> :;: extonusuing circumstances exist which are beyond Borrower's control. Borrower shall not destroy. damage or impair the
<br /> " : � ,�, Property. ullow the Property to deteriorate. ar commit waste on the Property, Borrowor shall be in default if any forfeiture
<br /> '�; .. � ac�ian or proceeding,whether civil or criminal,is begun that in Ixnder's good fsuth judgment could result in forPeiture of the
<br /> �h. ' '4 Prupetty or otherwise materially impair the lien created by thia Security lnstrument ar L.ender's security interest. 8orrawer may `.,,1��
<br /> � cum such a defaull and reinstate,as provided in puragreph 18, by causing the action or proccxding to be dismissed wlth a niling
<br /> �� ihat, in l.ender's Aoad faith determination, p�ludes forfeiture of the Borrower'F interest in the Pruperty or other mateda)
<br /> im}wirn�em af ihe lien created by this Secu�ity Instrument ar Lender's securily interes�. Barrower shall alsn bc in defauit ii
<br /> , il} Bnmower,during the loan application prceess,gave muterially false or inaccurate inPomiation or statements to Lender(or fuiled
<br /> ;,; to•provide l.ender with any material infornwtion)i�connection with the laan evidenced by the Note,including,but na limited
<br /> � �� to.r�prcsentatians cuncerning Barmwer's occupAnry of the Property as a prinripal residence.If this Securily Instrument is on a
<br /> , • laasehold, Borrower shall comply with all the provisinns of the le;+se. If Bormwcr acquir� fee title to the Property. the
<br /> �, � �� ` — � � Ie�ehoW end the fce title shnll not merge unlc�s L.ender ugrccs to�he mergcr in w�iting_
<br /> ` . '� ,' 7.Protection of l.ender's Righis in the I'roperty.If&►rrawer fails to perf'onn�he c��•enanls and ugrecn�ents contained in ''"
<br /> •�d �his Security Instrument, or there is A Iegul pruc�eKlinF thut may signifiruntly affect I.ender's rights in the Property(such as a
<br /> �"� ' pr►r�ecding in bankruptcy,prab•rte, fitt c�mdemnution or forteiwre or to enfi�r�r luwy iir regulatiuns),then Lcnder tnay do and
<br /> �q• � '' pxy for whatever is ncres,ary to pratect thc valuc of the Propcny unJ l.endrr's rightti in the Prupeny. Lender's actions may "'-
<br /> ' include pAying any sun:.r- secureJ by o lien whirh hu� pri��rily o�•er thi. S�tiurit�� Imtrument, appearing in coun, paying ;�}
<br /> � . rua�onaBle attorneys'fee�unJ entcring nn�he Pr��perty tu nwk�rcp•rin. Alth�wgh I.enJer rruy take action under this pnregrnph
<br /> �� • ' � • 7.. Lender daes not huve to do sn.
<br /> `� Any umoum� disbuned bv l.ender undcr thi, paragrrph 7 .hall Ixc��me udJitionul Jcht �►t'&�rn►w�r.rrured by this ��.1
<br /> . . . S.^cvrity Ins�rument. Unles� Barroa�rr anJ l.enJcr ugr��tu�ither tcrnn ot'paymcnt,thcac anxiurn. �hall hcar inter��t fmm the :� •
<br /> . deto ol'disbursement at 1hc Note rute atxl +hall tn puyublc. w�ilh intcr��l, upm rnnicc t'rom [.ender to&�rniwer reyuesting '��;��+
<br /> ��»,�:.. p�.ymem. .
<br /> • 8.Mortgeqe Insuranee. If l.�nJer requin�l mortga�!c in.uruncc a.a cunJitiun��f nwking the luan��rur�Y1 hy thi�Security C„�_
<br /> '� � ` Ir�r�runknt. �urniwcr�hall p�y thr premiums rcyuir��l tn mainwin ihe nK�rtgagr imurunrc in cl'fiYt. 11'. lix any rca�un. the ;J�
<br /> mangage inwrance rovrrugc rryuireJ hy l.cnckr lap.�+or rcascy[a hc in rftitt. Burru���r shall pay�h�prcmiunt�r�yuircd to �
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<br /> } `� obtain n�vcrugc+ubstuntially ryuivul�nl tu Ihr murtgagc in.urance prc�•i„u,ly in�1'fcrt.ai s�ruti� ,uhuuntially eyui��ulent ti��hc �'
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<br /> �, '�' n�tt ta &�rmwcr at'Ihc nx�n�!uge in+uranre previuu�l}• in el'f�ct. t'rom un�dleni.Ur tnurt�:agc in,unr uppru�•��I b�• Lender. If' {�,,
<br /> . . tiubaantially cyuivulent mongage inwranrc rucrrugr i.nu1 a��ailaMle. Burra�ti er�.hall pa�•t�,Le�idcr carh nuinUi u,um equal to �'•.
<br /> y : ' ur�rnr•cllih uf thr ycarl�• nwnga�r in.uraik�premiwn Iking paid by &►rra��•er��•hrn Ih�in�urancc cu��r•rEr lap.cd nr rca�cd to �; .'.
<br /> ; ; ' � , bt in eff'e�n. Lender will u��pt.uu und nwin thc.rr pa�•nunt.a. �lu., reun•e io liru „t' nwrt�!age imurancc. Lu.. re�erve . ,
<br /> �; . fwm 3028 9�90 •
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