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<br /> s. Elmrd or 1'�opMty Iw�asa. Hamwer atvll keep the improvements now exiuin�or beraRer eiact�i un the
<br /> Prop�aty insurod�atmt lo�by fire,hazards includod within the term "extendad oovu+�e" arni�ny otl�er lwardi. inciu0in�
<br /> t�e�l:or floadiss�. far s�hicfi l.�s:lu re�uirr ic�ur�see.11sf�insu�nee shell be rru�iruainnd in clr,mwnuc,u�d far tha perfodc --
<br /> that l.e�nder requirc.s.Tho inwrrnce c�rrfer providin� the inwrxnce�lwll bo chc�scn by Barn�wer wrbjx�to Lencier's approv�l
<br /> which �haH not be unrea�o�wbly wlthhcld. If Bcxrower fails to mwi�uain cc�ve�age de�cribod above. Lender may. �c L.�nder's
<br /> optbn,obtain a�ven�e w ptirotect Lender's ri�ht�in thc Property in accnrd�uxc with pRr�g�nph 7.
<br /> Atl inwrance policia and rcnewds siu�ll be aoccptable ta Lender and s?wll include a suu�du+d mortgaSe clouse. L.ender
<br /> siWl h�ve the ri�ht to hold the policics and renewals.if I.�ndcr rcquira, Borrower shall promptly give to Lender all roceipa of
<br /> a ����_�^ p�id promiumc snd twiewrtl tiotiaer.In the event of toss.Boemwer�lalt�ive prompt notice to the incunnce carrier and i,e�xlrr. �
<br /> - L,dder may n�lce proo[of lost if not m�de promptly by Borrower.
<br /> Unlesr Lender and Borrower otherwisc a�cee in wdting,iau►r�tcF prpcoods shall be applied to ratoratian ar rcpair of thc
<br /> Pmperty danu�ed,if the rcstoratlon or r+ep�ir is economically fwsibla,w�d,�ndRr'c socurity is not lessenod.If the restor�tion or
<br /> rep�ir is�wt economlcally fe�sible ar Lender's security wwW be le�sa�o�.{hq:��c;prance Proceeds shall be�ppliod to the sums
<br /> sxur+ed by this Secnriry Instrament. whetlKr or nw then due. witt�,�uty.oxccss p�xid to Horrower. If�rrower abando�u the
<br /> Prope�ty,or does nat answer within 30 days a notice from Lu�r that the�n.9u�cArr'ter has offerod to setde A ciaim. tben —
<br /> l.ender may rnlloct the insunu�cc pro�eeds. Le�der nuy usa thq,prcKroods to.rcpair,,qr �tore the Property or to pay sums
<br /> �ecured by this Securiry Insuument.whul�er or rat then due.Tho,aO�dap pe�icx�.will bugin w•hen the noticx is given.
<br /> Ualess Lender and Borrower dherwise �roe in wdting.any,uppJJ�ttlpn� pf nRqcoeds to principal shall not exteed or
<br /> poetpone the due d�te of the monthly payma�ts rcfemod to in poragrapFu 1 und Z oc ctwnge the aitaunt of thc paymencs. If `__
<br /> under pm�gr�ph 21 the Pro�xcty is acquircd by Lender.Bormwor'a dght.to�ny irrtWrpqcG policies and proceeds rautting from
<br /> - ____ ---m dsm:ge to che Pmpaty prior to the scqufsition�htll p�w to i.er�d�n to tbe.axtu�t Qf tha supaa securad by this Security Inununecut �
<br /> _ -- immedi�tel�+pdor to the xquisition.
<br /> 6.Oocupancy.Pr+eeecvation�lNalnten�nce and ProttclioM At tlu ProP�Yi Ib�r'ower's I.oan Applicptlon:I.easetalds-
<br /> Homower shrll occupy.establish,and use tho Property as Bormwar's prin�ipat residence within sixty days attar tho executian af =_
<br /> - this Savrity Instniment end aha11 continue to occupy the Property ss Barnowor's prin4ipal residence for at least one year�fter
<br /> the date of occupancy.unless Lender ott►erwise agrees in writing,which con5ent shwll twt tk unrcason�bly withhcld, or unless ___
<br /> yN eatenuating circum.unnas exist which ue beyond Borrower's contral. Bo�rower shuil aut destroy, damage or impalr the
<br /> -= Property. allow the Property to dcteriatate, or commit waste on the Property. Bartawer shall be in default if any forfeiture
<br /> -- aetbn or pcnceoding,whethor civll or crimin:tl.�is begun tl�t i�l.ender's goad fait,h judgment cauld result in forfeiture of the
<br /> - — Property or cRherwise materially impair the lien created by thti Securiry Instnu�nt Qr I.ender's security irUorcst. Borrower may __.
<br /> __ cure such a default and reinstate.ac provided in parogr�ptt 18,by cauaing the netion w pra�eeding to 6e dismissod with�a niling
<br />°= th�t. in I.ender's gaod foith determination, prccludes farfeJtuur�of the Bormwar's initcnest in the Propeny or othsr material
<br /> � `'' � impairnient of the lien creatod by this Securiry Insttument nr �.rndrr s socurit}• intercsl. Born�wer sh�ll also be in detault if
<br /> Borcower,during the lam application process,gave materially,fs�sa or it�c�wrAa.infcumation or statements ta Lender(or failod
<br /> , � �Y to provide L.ender with any materlal inforn�tion)in connection with tha I�xm e+id.nced by the Note. including,but not limited
<br /> ,. to,represenuuions concerning Borrower's occupancy of the Proparty as a pnncipal residence. If this Securiry Inurument is o�a ___
<br /> �� ' leasehold, Borrower shail comply with all the proviaian�;.of the le:+se. If Borrowar aoquires fee title to the.Property. the -`_-
<br /> � :�`^• „ ��. leasehold and tlie fee tide shdll nat cs�;.rgc unicss Lcndcr�r�cs to the.merger in writing.
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<br /> •, �•�,,•• '� 7.Protactbn of Leoder's Rightc in the Property.If Iia�rnwor fails to perfacm the covenants and agrctments contained in _
<br /> • tMs Security Instniment,ar therc is a legal proceeding tlwt may significAnUy afCer,t l..ender's rights in the Pruperty(such as a �,
<br /> - v proceedi�g in bankruptcy, probate, for condemnatian or torfeiture or to enforca iaws or regulations),then Lender may do and _
<br /> — �` .����r�';."'�- pay for whatever is neccsuuy to protert thc value of the.Property and I.endcr's rights in the Pn+peny. Lender's xtions may
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<br /> «•:�.'r'�+�...:�.•" . include paying any sums secured by a lien which hac priority uver this Security Tnstrument, appearing in court, paying =_
<br /> �a�j�:t;r��:r:.��:�::�.��+ reasorwble atrorne s' fees and enterin on the Pro n to nwke re ain. Althnu h ixnder ma t:ilce action under this r h ¢'�
<br /> y� S P� Y P 8 Y P�B dP
<br /> �-:,i�;�..-:;�� . . .k7: • 7.Lender does not have to do so. �-
<br />- .'�,;�;,4�,,,'r,;`•:�^".,� Any amounts disbursed by [.ender under this p:uagr�ph 7 shall b�come additional debt of Bormwer secured by this
<br />" •�T.��•,: ° 5ecurity lnstrument. Unless Borrowcr arxl [w�iKier ugree to udier ternu of paynu:nt, tlk.c anwunts tih•rU lxar interest from the ��"'
<br /> 1`"� : � datc of disbursement at the Note rate und shall be payuble, with interest, upon notice from Lender tu Barn�wcr requesting �_`�
<br /> ,�,:�:�... . .. . payment. --
<br /> � �;�'_,�,: , . 8.Mortgage Insuri►nce. If l.ender requirtxi mortga�►e insurance ati r condition uf making thc loan s�tiured by thir Security =_-
<br />- � ' ''-�'"�;- '�-' Instrument. Borrower shall pay the premiums reguired co m�intain the martgage imurance in eftect. If, fix:►ny reason, the `���
<br /> mortgage insurance coverage required by Letxler lapses ur ceaks to be in effect, &ttruwer tihall pay the premiums reyuireci to '-`;'"�'"
<br /> - ���� oMain oover�ge substantiully equivulcnt to the mortgugc intiur3nce prcviousty in cffitit, at a rost,ubst�ntially equiealent to thc y='�;"
<br /> • � . cou to Bonower of the mortgage in+urunce previcwsly in efti�t, frnm un alternute m��ngage insurcr approveci by Lender. If
<br />' '�`� � substantially eyuivalent mortgage insuranre coveragc iti nut a�•ailablc.Borrower�hall pay to Lendcr cach nwnth a sum equal to
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<br /> " ` "'• • � ' one-twelfth of the eurl mon a�e insurance romium bein� aid b &irrower wl�rn the in�uranre ruveru��la sc�i or reak�d to
<br /> . Y Y S 6 P b P' Y �' P �
<br />- � bc in effect.Lender will accept.us�und retain thesc payments as a loss rekrvr in licu uf mortgage insur,►ncc. I.�iss re.rcrve +
<br /> :4++-.~.;, ... .. Form 3028 9I90
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<br /> '�- ' op.�3 ot 6 �.
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