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<br /> S. Haonl oe lrope�ty lawcenct. Borrnwu sh�ll kap the improvar�ents row ez�tin� or Ibna�ftK erocled ae t!�
<br /> Pmpe�ty inwred agdnit low by flro,dtrard�included withia the 1arn'exta�d�ed a►ver�e'ud �ny aher hwrds. b�cl�ia� -
<br /> floods or ttoodin�,far whicb LeMer requi�+a inwrsnoe.Thia inwnnoe�tu1� be mdntdned in the�nounu rd ior tiw period�
<br /> thar Lender roquira. The inwranne curier providin�the inwnaoe�1u11 6e cFwkn by Borrowu wbjact to Ler�kr'w�pproval
<br /> which �11 rat bc unr+easorubly wjthheld. If 8orrower f�ils to nuinuln wvet�e dacribed above, L.aider m+ry, at[.a�der's
<br /> option,oMain oovera�e to protoct Lerder't ri�hts in the Proparty in�eoorc�nce with pYra�raph 7.
<br /> All inwranve policits�nd rcnewds�ull be socept�ble w Lrnder ud alull include a su�ndard mart�e cl�uu. iAndet
<br /> '_ - _-=--- eiwll lwve the r�ght to hoW thc policlr,�and rcnew�ls.If Lcnder crquirn,Bc+rmwer,hKll prr►m�tty give to l�en�ler�!1 rooelpu of
<br /> p�id Prcmiumc uid renewal notiac. In the event of las.B�rrower�hall�ive pcocnpt notke w tbe inwrance arrie��nd fi.ader.
<br /> Lender may mwke proof of lou if not nude prompdy by Horrowu'.
<br /> Unless L,ender and Bortower otberwlje agrce in wcidn�.inwr�nce proceods sh�ll be applied to restoratfon or rep�ir of the
<br /> propertY dam�ged,if ihe rrswration or t�epair Is oconomica�ly feasiWe and Lender's socurlty is not lasened.If the restoration or
<br /> rcpair is rx>t econamicully fasible or Lendar's socu�ry would be lasened,the inwcance proceeds ihall be applied to the wmc
<br /> — secured by th(s Secudty Instrument.whether or not then due. wlth any eacesc puid to Horrower. If Borrower�ndan�the
<br /> Property,or does not answer withio 30 days a notia from Lenckr that the irw►nu�ce caMer tu�aPhrnd to settle�cl�im.then
<br /> Lender may colloct the insurance pmceads. L,ender may use the proceeds to rep�ir or restore the Property or to Qty sums
<br /> _. securod by this Saurity Instmment. whether ar rat then due.The 30�ay period will begin wlKn the notia i�given.
<br /> Unless Lender and Borrower otherwise agroe in wridng, any applfauion of proceeds to principd �ll aot extend or
<br /> postpone thc due date of the monthly payments r�efemed to in paraQraphs 1 and 2 or c1��ge the art�ount of the payments. If -
<br /> - �-'�� unde�puagraph 21 the Praperty is a�cquirod by Lender. Borrower't dght to any inwrar�oe policia and prooeeds rewiting from
<br /> _- :'!�t;, d�nwgc tu thc Property Prior to thc acquisition ehpU pass to I.cndcr w the extu�t of the cw�u setw+td by this Sa,+�riry Insbva�a�t —
<br /> 'a' inunediately prior w the acquisition.
<br /> ' � 6.Oocupancy,Pi+eserv�tion,Maintawnce and Prntectbn ot tt�e Propeity,Bonvwer's Lo�n Appllcatlon;I.auebolde.
<br /> o .�`i Borrower shall occupy. establish,And use the Properey as Borrower's principal nsidence within sixty days after the execution of
<br /> • � ''�>>;��, this Security Instrument a�ui shall continue to occupy the Propecty as Boerower's principal raidenrx for xt least one year�fter
<br /> - ;s��:�'l�t'� the date of occupancy, untess L.ender otherwise agn�es in wdting.which oonsent sh�il not be unreasonably withheld.or unless
<br /> �" �� extenuating circumstances exist which are beyand Borrower's control. Borrower shall not destruy. dartage or imppir the
<br />- � �,; � Property, allow the Prc�perty to detedorate. or commtt waste o�the Property. Borrower s1w11 be ln default if any forfeiture
<br /> .- action or proceedin�.whether alvil or criminal, is begun that in Lender's good faith judgment could rew(t in forfeiture of the
<br /> ����; Property or otherwise matedally impair the licn created by this Sexurity Instrument or I.ender's security interest. Horrower may
<br /> - �;;<• '� curc such a defauit and reinstate,as providal in paragraph 18,by causing the action or proceeding to be dismitsed with a ruling
<br /> f�q+,�c ���+�•��f ° that, in i.ender's goai faith determination. preciudes fu►fatturz of ttie Batrawcr's issitr:,si is ihc Pra�rty ar osktr msttda!
<br /> '�"'��""� `"'S"' impaitment of the lien creatod by this Socuriry Instrument or L.ender's saudty interest. Aorrower shall also be in default if
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<br /> . Borrower.during the loan s�pplication process,gave materially falseor inaaucate infom�ation or statemcnts to L.cndcr(or failed
<br /> _ �.,�•'S.:".;��� to provide Lender with any material inforn�ation)in connection with the loan evidenced by tlx Note,including. but not limited
<br /> `'{•��j'";. to,rcpresentations conceming Barrower's accupuncy of the Property as a principal residence.lf thjs Security Instntment is on a
<br /> , ^ _�_ '. . Ieaschold, Borrower shall mmply with all thc provisions of the lease. If Borrowcr acquires fee titlo to thc PropeRy, the
<br /> '- �'�' � �'" ' Ieasehold and the fce tide shall not�nerge unless I.ender agrees ro the rnerger in writing.
<br /> - �i;:.,. v-, 7.Protection ot Lender's Rtghts in the Property.lf Borrower t'aits to perform the covenants and egmments containod in
<br /> �+ �,': __ � ':r%s.: this Security Instrument. or there is a Iegai proceeding that may significantly affect Lender's rights in the Propeny (such as a
<br /> _ procceding in bankruptcy. probate, for condemnation or forfeiture or tn enforce laws or regulations), then Lender may do end
<br /> '"' • pay for whatever is necessary to protect the vulue of the Property and L.ender's rights in the Property. Lender's actions may
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<br /> • include paying any sums urured by a lien which has priority over this Sccu�ity Instrument, appearing in court. paying
<br /> � � rcasonable attomeys'fees and entcring on the Property to mal:e repairs.Although l.ender may take action under this paregcaph
<br /> .' � � 7,l.ender does not have to do so.
<br /> � Any an�unts disbursed by L.erxler under thix paragraph 7 shall become additianal debt of Aorrower securod by this
<br /> � . Security Instrument. Unless Bcirrowe�and [.encier agrce to�xher temx of payment, these uriwunts shall bear inrerest from the
<br /> • � date of disbursement at thc Note rate and shall be payublc, with interest, upon notice from Lender to Borcower requesting
<br /> °- :��,1� puyment. _
<br /> �-L S.Mortga�e ItuurAnce. Tf Lerxler reyuireai mortgage insurance :�s a rnndition of making the loan secumd by this Security
<br /> q-.,....••. '' Instrument, Borcower shaU pay the premiums required to m•rintain the mortgage insura�ce in effect. If, for any reason, the
<br /> �,�, .. �, . L ., mortgage insurance coverage required by L.ender lapses or ceascs to be in effoct. Borrower shall p•ry the premiums reyuir�xl to
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<br /> � obtain rnverage substantially equivalent to the mortgage insurance previously in effert,ut a cost substantiully equivalent to the
<br /> ;:�:-.� Y cost to Borrower of the nwrtsage insurance previausly in effect, from an ultemate mortgage insurer approved by Lender. If
<br /> ���11 • �:' substantially equivalent mortgage insurance coverage is not available. Borrowcr shall pay w Lender esch month a sum equal to
<br />-�".'= ' • one-twelfth of the yearly mun�nge insurance premium being paid by Borrowcr whcn thc in.urance coverage lapud or ccased to
<br />� • �;:;Y:;;.':'� be in effcrt.L.ender will accept.use und retain these payments ay a lo,s n�serve in lieu of mortgage insurance. Loss rcserve
<br /> " " `� Fam 3028 9l90
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