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<br /> S, Hwrd or Praperty I�nuaex. Horrower rhall keep the improvement� now �Tc�raQ or heneaAer erected on the ,
<br /> Prqxny inwrod�aiiut luas by firo. twardw fncludad within the term"extended oover�e" nxf my other h�zard�. includin�
<br /> = Ruats u� A�;�iiiy�.far which Lcndct r�ukes fr�.ur�rt. 7'lif�ir�.ur�ce stuill be m�intalsxQ ia tha amou�e�end for the pertoda
<br /> th.�t Lender roquiros. 7'he incura�ta�cArrfcr providinQ the lnwance ah�ll be choaen by Barrower wbject to Lender's approv�l
<br /> which stwll not be unm.�uan�ly withhold. If&xwwer fdls to maintaln raverpga ckscribod �bove. La�der may.u [.ender'�
<br /> option.obtaln c�verx�e w pmtect irrxicr'�righG�in the Praperty in rccordance with p+rag�ph 7.
<br /> All ihsunuxe policiec and ronawala shall be accepts�ble to 1.et�der ud shdl include a standud moKgn�e clause. Lender
<br /> �Il lwve the ri�ht to hold tho poliaiec end rcnew�la.If I.cnder requirrs,Borrower ahall prnmptly give ta Lender all rooelpts of
<br /> _ - — pald prcmiums arid ncnewcl naliacc.In the event of loss.Barmwer shell give prompt ncxice w We incurance arrier and I.eoder.
<br /> Lender m�y malce pcoof ot loss iP nnt made promptly by Borrower.
<br /> Untess Lender and Borrowar othatwi�e ogrcc in writing.insutance procoeds shall be applied to reatoration or rtpciir of the
<br /> Property d�ged,if thc restoratlan or repair ia economically feasiblc and Lerxkr's accurity is not lessened. If the restor�tion or
<br /> repair is not economically feasibla on[.sr�dePs sccurlry would be lessenod.the insurance procoods siwll be appliod ro the surro
<br /> securod by this Securlty Instrumant, whethar or not then due, with any excess p4id to Bormwer. If Borrower abandorts the
<br /> � � Property.or daes not answer within�30 days a noticc from Lender that the insurance carrier has offered to settle a claim, then
<br /> I.ender may collxt tha insurane� pmcacls. Lender may use the proceods to repair or restore the Property ar to pay sulns
<br />__ --- secuTed by this Securiry Instrumant,whether or not then dtw.The 30-day period will begin when the natice is given.
<br /> "'� Unles�l,en�iec tutd Borrowur othuw+se agrce in wrlting, smy application af procceds ta principai e1W1 not extend or
<br /> �����.-= postpone the due date of the monthly payments refeRed t�in parAgraphc 1 and 2�r change the amount of the payments. lf
<br />'�'';�' � :'�. ��f' under paragraph 2t the Propertv ia xquired by i.enckr.Harrower's dgt�t to any inwrance policies ond proceods rcs�Uing fram
<br />_:;:?,i� ���;;r�:�rs• �*c�,}►, �� e ta thc ct nor to tha.x uisidon shall to Lender w thc cxtent of the swns cecutod b this Socur� Inatnrment
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<br />�.",.. '`�';'' '�";' inunediately priorto the acyuisition�
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<br /> 6.Orcupuxy,P��eservatbn�Maiatenance ond Protection of the Property;8orrower's Lopn Applic�tbn;I.e�seholds.
<br /> �' "' • ��" Bonower shell occupy,establish.and use the Property as Borrower's principal residence within sixry daya after tlu�xxution of
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<br /> .. ��` this Socurity Instrument and ahAll continue to occupy the Property as Borrower's pdnclpal raidence for at Ieast one yeu After
<br />„ the date of accupancy,unlsxs i.endar wherwise agrees in writing. which consent sfw11 not be unresisonably withheld,o�unlesc
<br /> •• extenuating circumuancsc ezi�t whfsh are beyond Borruwer's control. Borrower shnll not destroy. dw�uQe or Impoir the
<br />� Praperty. �ttow thc Property to dote�inrate, or commit woate on the Prop�rty. Bomnwor sludl bo in default if any f�rfeiture
<br /> Action ur prcxoaiing. whothur civil ar criminul,ix he�un ttwt in I.encier'�gaod fafth judgment ecwld rasult in forfeiture af the
<br /> - �, ..� �'`- Propeny or Mherwise r►u�loriully impair the licn crcatal by thir Security irutitrument or Lendcr's socurity intcrcct. f3ormwer may
<br /> � cure Kuch a default and reinatutu,aA providod in purygrYph l8.by causing the�ction or proceoding to be dismisaed with a rulina
<br /> - �. '' tlwt, in Lcnder's gond fi�ith detc�m�in�tion, precludcs forfeiwrc of the Ba�rowcr's intercst in the Property or other materlal
<br /> i0�"i"""""'""'`:'F�`' imp�irnient of tix lien creatod by t6i�: Security inxicument ar Lender's security interest. Borrower shall also be in dofault if
<br /> 'w'�;,� :s;�:" .Y.:� Borrowcr,during the lawn applica�tian process,gave mAteriall,y falsc or imccurste infortnation or statemcnts to l.endcr(or failed
<br /> to provfde Lender with uny mwtwrL•d informatton)in connectinn with the loan evidenced by the Note, including, but not limited
<br /> , 1�°��;�' .�. • to.repretientations corx�eming&�rrower's accupuncy of the Propeny ati a princip:il residence.If this 5ecurity Instrument is on a
<br />, ' ' Ieusehold. Borrowc� shAll comply with all the provisions of the les�se. If Borrowcr acquires fee title to thc Propetty. tho
<br /> • • leusehold and the fee tiNe shall n�t mcrge unless Lender agrces to the merger in writing.
<br /> • • 7.Protection of Lender's Rights; in the Property.l f Borrower fails to perl'orni the covenants and agreements contuined in
<br /> ' this Security Instrumenl.O�II18R3 IH a Iegal praceeding that may signiCcantly affect L.ender's rights in the Property (such as a
<br /> - • � "'''" proceeding in bankruptcy,pmhatu,for condemnation or f�rfeiture or ro enforce luws ar regulatians), then Lender muy do and
<br /> •_ ' `"• ` pay for whatever is necessary tu protect the value of the Property and I.ender's rights in the Property. L.ender's actions may
<br /> � � . include paying any �um� secuned by a licn which hus priority over this Sccurity Instrument, appe�ring !n court, pnying
<br /> � reasorwble attorneys' fees aad enturins on the Property to make repairs.Although I.endcr may take action undcr this paragraph
<br /> +�� 7.l.ender dces not have to da so.
<br /> . � Any amounts disbursod by Lender under this parugraph 7 shall become additional debt of Borrower secured by thfs
<br /> � Security instrument. Unlcss Borro�ver and Lcndcr agree to othcr tcrms of payment,these amounts shall bcar interest i'rom tha
<br /> � ,`�` date of disbursement at tha Nntu rate and shall be puyublc, with intcsrest, upon notice from Lender to Borrower requcsting
<br /> � .;'-';:.:.'._ ,�;�'�' payment.
<br /> •j.:�, ����.��� 8.Mortgs�ge Insuranoe.If Lendcr requircd mortg�gc insurancc us a rondition of making the loun secured by this Sccurity
<br /> ` ��`,,���,'-; Instrument, Borrower shall a the remiums rc uircd tu maintain the mort a c insurancc in effect. If, for an rcason. tha
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<br />- - __ ;"'i � " ' ���•+ mortgage imurance cover�ge n:quin�d by Lender lupsex or ceaseti ta be in effect, Borrower shall pay the premiums required to
<br />"(�;� �i°' ����;;>: obtain covetage substantially equivalent to the mortgage insurance prcviously in effect,at a cost substantially equivalent to tha
<br />_ •`��'-, �, ,�• cost to Borrower of the martgnge insurance previnusly in effect, from an altemate mortgage insurer approved hy Lender. If
<br />�,,. - �:�•,• , substantially equivalent tr�rtgage insurancc covcrage is ncn rvail:�ble,Borr��wcr shall p•ry to L,cnder cach month n sum equul to
<br />-�� �� � , one-twelfth of the yearly mc�rtgage insurancc pn:mium bcing puid by Borrower when the insurance coverage lapscd or ceasod to
<br /> ' �"��Y���� be in cffcct.Lcndcr will aocepG usc and retuin thetic puyments;�s u Inss rc.serve in lieu of mnrtguge insurance. I.oss rcccrve
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<br />- �""�"'-'�`�� Form 30Z8 8/90
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