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<br /> S, N��nl oe� Pr+operty i�ur�nc�e� P.nrn�wer �h�l1 ktep th�+ impmvements naw cxist�ng ar herattar et+eCted on the _
<br /> Propetty Inwred�alnst lo��by Brc, htuani�fncludod within the term 'extended coveragc" And xny ather hazu+d�. including
<br /> flcwds or Qaxiioa, fiir which I.e�wler rcyulrer lu�urutue. Thiss tnsurancc shuli bc maint�incd in thc amounts and for the periods
<br /> that[�etkler royuire►. The inwurwnc�c�rrirr providin�ihc in�urance shull lx;chosen by Bottower subjert to Lender's upproval
<br /> which chull twt bc unrcuunwbly witldwW. If li��rrnwcr fuils to nmintain coverege describcd ubov�, L.ender may. at L.ender's
<br /> __ optfon,obtain cover��c tu prtN�c1 l.cnJer'►rlyb�s fn Ihc F'r�qx�ty in Accordance with paragruph 7.
<br /> --__ ___ ____ AI! invterancr pnliricr Hix! rcnrwNl��l�nll Mr n.Y�rpteblr u+ l.cnder arxl shall indude a standurd mortaaRc clausc. Lender
<br /> ' shall havc the rl�ht to hald the p�licic�w�wl rcnawal�. If l.c�xier rcquires.Borrower shall prompdy�ive to Lencicr all receipts of
<br /> _����� paid prcmfums wxl rcncwrl�xKicrr. In the evem ul'lu��,fiurruwcr rhall givc prompt natice to the insurance carrier und I.ender.
<br /> •-- ------ Lender nwy nutk¢pnx►f aP lu�r if ta►t uw�k pnnn�xly hy!i�►rr��wcr.
<br /> ..�- ---=_=—�- Unlcss L.ender aid Born►wcr�Hherwl�e w�{ror iu wr{tiny, in�uruncc pr�xads shall be applied to restoration or repair of the
<br /> �"—���""�%��:�� Prapcny ciwrugal, iC the rosti�rutiun��r rc{wir ir ur���wnnir�lly frasiblc und Lender's security is not lessened.If the restorntian or —_
<br /> _�_ �'�`°'��"""�� rcp�ir is ncu ecommi�Ally fc��iblc�►r Ix�xlcr'r�urity w�wlJ bc Iccsened.the insurance proceeds shatl be applied to the sums �
<br /> —�:�rr.s�,;;LL�_.�
<br /> --- r�cured by this Security Instrunxnt, whethcr or iwt �hrn due, with uny excess paid to$ocrower. If Borrower abandons the �"�
<br /> __=�='�'?�'�`��ID° Prapeny.or daea nW unrwe�within 30 dwy�u tHNirr t'n+m Letxler thut the insurance carrier has offered ta settle a claim,then �T-
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<br /> , � .° f' �. Lender m�y callxt the insuru�uc prcx�+��d�. Lcndcr nwy urc ihe prexcalti t� rcpair or restore the Property or to pay sums _.�
<br /> cccurt�d by this Socurity Instntnxnt,whctixr or not then duc,Thc 30-day periixl will begin when the notice is given.
<br />�•`d•',,•------ Unless Lender and Rarrnwer �Hhenvi�c u�rer i�� writinY. uny upplicution of proceeds to principal shall not extend or =-
<br /> s�'i pos�por�e the due dAte af the monthly puynknts rcfe.rrai tn in pu�rrph�. I and 2 ar change the amaunt af the payments. I f ±'=�''
<br /> ,,,,,�-- ,r; under a ra h 21 the Pro rt ic ac uired b I.ender,t3c�rn�wcr's ri ht toan intiurance licies and raceeds resultln from �`r�-
<br /> , d;x ,:.�'.:.A�� P�'B p Pe Y 9 Y � Y Pp P g
<br /> ' • y arw - danwge ta the Propeny prinr to thc�u;yuisition�h�ll p�rs ta l.e�xier ta the rxtant of the sums secured by this Security Instrument
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<br />:�X-�� ,�`tii►�� !if :�'rY ;
<br /> ; : �•.,..�.r��::... immediately prior to the acyuisition.
<br /> •;;, , "' 6.Oocupwncy. PreservAtion,MAtnten�nce s�nd Prnt�Ytlnn ut the 1'ropeHyt Burrower's I.oan Application; I.easeholds. .:
<br /> �`" ��� Borrower ahull occu establish,unci use ihe Prn rt u�l��rrowc�'+� rinci I rcyidence within sixt da g after the execution af ��
<br /> � ��;r�.�_'1� Y PY• P� Y P p+� Y Y• ==_
<br /> ' this Securlty Instrument�nd sh•rll c�mdnue to occupy the Pru�xrty +►� W►rruwer's principal residence for at least one year after
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<br /> the datc of accup�ncy, unless I.ender cxherwi.+e ugrecx in wrltlnY. wliich can�c:nt xhall not be unreasonably wlthheid,ar unless _'-"
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<br /> � "' � � '' ` extenustjn circumstances eKi�t which ure be oncl &�rruwer'� runtr��L &rrruwcr shatl not destroy. damage or impair the �"`
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<br /> _ ' f� , Propeny, allow the Prc�perty to dcterlarute. or c��mnilt w�ate on ihe Pruperty. Bcirrower shall be in default if uny farfeiture �-
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<br /> �,�, � ,, „ ..•: �. action or procecding, whether civil or crimin•rl, i,begun thut in Ix�xler'� Yan!fuith judgment could result in forfeiture of the
<br /> l�"' ,� Property or atherwiee rrwterially impair the licn creutaf hy this 5cxurlty hi�lrunxnt or I.ender's security interast.Borrower may �;.
<br /> --- ��''—�a'�'' csre�ucls a defauk snd rein:saic,as provida3 3n psrs�r:�h !H.hy�cnuxinL t!k n�•t{,►!i nr prn�•!�ling to t+e dicmiacrYt wirh A ruling =.�::_
<br /> � '':�<<�� , that, in Lcnder's gcxid fnith detcrmi�wtiun. precludcr tiirfciturc uf thr 13.�rruwcr'. intcrest in the Praperty or other muterial F_::•__
<br /> • impai rment of'the Iicn crcotc�i by this Sccurity In�trunknt i►r Ixixlcr'�Kcurity intcrc�t. &�rrowcr shall nlso be in default if �=`
<br /> �. �`(� Borrower,during the loun upplicati�m pnxcsx,guvc nwtcrlully 1'ulk ur iiwccurutc intimn:Uion or statements to Lendcr(or fuiled ��.r`
<br />� � to provide I.ender with uny muteriul infarmuti�m►in cunn�v�ti�m with 1hc loan evidrnreJ by the Note,including,but not limited �__
<br /> . to,representations concerning&irr��wer's ixrupancy uf thr Pru�xrty u�u priikipal rc�iJrnrc. If this Security Instrument is on a
<br /> � leusehold. Borrawer shall comply with ull the provi�ion. oi' thc IruM. 11 Fiurruwer ucyuires fee title to the Propeny, the �C'�
<br /> ' Icuschold and thc fce tiHc xhaU nut mcrgc unlctiti I�uJcr ogrerti tu thr nkrµrr in writin�. �'-=
<br /> � 7.Protection of Ixnder'y RlRhts in the Property.If&�rruw•rr tuih�u�krlann thr r�►venuntx und agrcements containe�in _
<br /> ��= .xt,t,,.,�.•,-..:_,,;,,;, this Sccurity Instrumcnt,or therc is u Icgul prike��iing tiiut muy ,iFml�runlly u11�.9 Iw�xler'� rightx in the Property (such�s a «:�..
<br />-'�`� . ., ' proceeding in bankruptcy, probute, fii�cnndemnatiun ur li►rleiturr ur tu eiNurrc luw•,ur regulLtionti),then L.ender may do and �-�
<br /> ,� "... pay for whutever is ncccxwry tu protcct thc vuluc uf tbr Pru�xr�y uud Luwlrr'. �Ipht. in the Property. L.ender's actions may -
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<br /> � � include paying •rny xumx u�ureJ by u lien which hati prinrity �wrr tl�i+ tierurit}• In.trumrnt. appearing in court, paying
<br /> ;y��� reasonable auarncys' fecs and cntcring un thc Pr�►{xny tu roukc repair.. Ahhuu�th Ix��l�r nwy tuke uction under this parugraph �.�t=
<br /> , '}w,�:;:;., .� 7.Lender docs not hnvc to do so.
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<br />_ � �' , Any umounts dixburseJ by L.cndcr u�uicr thi. parugruph 7 .hull Ikcun�c uJJitiunal Jcbt ui Borrowcr sccurcd by this ��-`-
<br /> � � ' ' Security Inxtrument. Unlesx Borrowc�unJ lA�ulrr ugrec tu other trnuti ul p.�yuknt. �hek unx►untx �hall bcar interest from the `'"
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<br /> ,��..��' date of disbursement at the Notc ratc a�xi shull tk� p��y+�hle, with itu�r�.t, u�wn tu�tiru lrum I.c�xfcr to Borrower requcsting �r�''
<br />�� payment. ��`
<br /> � � `' t+%,;.."�' 8, MortgAgt inwrAnce.If l.etuicr nyuir�d nu�rtgagr imurunce a.a ruikluinn ul ur.�kmg�hc li�un xccured by this Securiry u`
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<br /> Instrument, Borrowcr shall pay the premiums rcyuir��l to maintaiu thr ux�rl�tuEe in.uraik•r in ellcrt. If, fiir uny reason, the
<br /> ,' .,, mortgage insurance covcruge requireci by Lc�xlcr lupK�ur rcu.e.tu tx in cllcct, li�nruwrr.hull pa�•thc prcmiums required to �''
<br />� d.,; . ` '` obtain covera e substantiall c uivulent tu thc murt�u�r in+ura�ku �rc�•1uu,l• in rUert, at a cu.t.uh�tuntiaU c uivalent to the ���
<br /> • ,s,�.,.y . . 8 Y 9 b b 1 � Y 9 �.�.
<br /> �`:,-� °,,,s... :� cost to Borrowerof the mortguFe insurunce prcviou.ly in rl'litit. 1'rum un uUrruatr nH��tµaKr in.u�er upprovcd by Lender. If �`�
<br /> �';,;. '`'' ..,,.,:::�"4,.• substantially equivalent mortsage insurunce covcragc i.nut uvuiluhlr, ii�rci���w.•r,h:dl pay tu I.r�KI.•r rach nx►nth•r tium equal to ' �:
<br />° f�i' ,��,,„..,;;,��;,-; onedwelfth of the yearly mortgage intiurunr�prcmium t+cing puiJ hy li�►rn►wcr wliru the �o.uru�ti•r ruvrragc lup.ticd or cca.ticd to �
<br /> .,�,r�; �Y;;�. ° be in effect.Lender will accept,use und rctwin thrx puymrnt.u+ u Irn, r�.crv�u► hcu ut nN�rtgu�e in�urunce. Losti reserve �-_
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<br /> ,, - 'r" .�.:,. ,_:.. Form 302a 9/90 �,
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