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<br /> S. i�r� K ProMrtT 1NS�n�oc. Hccx�nrver dull Ice�the im�rovemeiw now e�tstin� wr han�Rer erocs�d on the
<br /> Praperty irawred yaint tas by firo, t�ar�d+included within �he term "extarbd ooven�e" �rd�ny�iyr�rd�. Includlw�
<br /> ftoods or floodfng,for which La�du royuira inwnna.This inwranoe�tall be truintained In the unountt�rd for the paiadr
<br /> that L.rnder cnquirc,�. The inauronce earcler providinR the Qn�urance sh�i1 bc chosen by Batn�wer wbjat ta Leuder's�pprov�l
<br /> which:hall ►wt be unreaRC�nab�y withheld. If Barrower fails to m�intAin wven�ba dtscribed �bovC, l.ender rruiy, at Lende�'�
<br /> option,obuin covaage to protat I,erKier'c ri�hts in Ihe PcY�perty in nccordancr with paragr+ph 7•
<br /> All insnn�xx policicx and nene�+als shA1� be�ccePlab�e to L.endcr and slwll include�sw�dard mort�aQe cl�usc. Lender
<br /> slull have the dght to hold the policies�nd renewals.If Lerxler royuires.Eorcower shall promptly give ta LenJcr�Il r�cei�xa uf
<br /> p�id premiums and renew�l ratices.In the event of loss,Bocrowu stull�ive prompt notia to the incurane�curlu and I.aKkr.
<br /> Lender may maka proof of losa if not mAde promptly by Borrower.
<br /> Unless L.ender ancl Borrower dhetwise agroe in wc�ting, Inwranx procoods�hal�be apP�iod to rcstoration or arpoir of the
<br /> Prope�ty damaged,if the restorxdon or�+epair is economically fwsible u,d I.ender's securlry is not lessened.If the restaration or
<br /> npair is not eoonomically feacible or I.ender's secudty would be lessenal,th..incuranee procxds sl�Il be epP�iod to the eums
<br /> �ecurod by this Security Instrumcnt, whether or not chcn due,with wny exccss paid to Borrower. If Borrower abw�dons the
<br /> Property.or does not answer within 30 dsys a notice from Lttder that the insurwtce c.�rrier has offered ro settle a claim,then
<br /> Lender may collect the insurance proceeds. I,ender may use the procexds to repair or restore the Properry or to pry sums
<br /> securod by this Securiry Instrument,whether or not then due.The 30-day period will beRin when the notice is given.
<br /> Unless Lender and Borrower otherwise agrce tn writing,any application of proceods to principal shall not extend or
<br /> postponc the due date of the monthly payments referned to in pzragraphs 1 and 2 or chvnge the amount of thc paymeots. If
<br /> - under parrgmph 21 the Psoperty is�cquired by L.ender.Borrower's right to any insurance policies and procads rosulting from
<br /> - damage to the Property prior to the ocquisition shall pass to Ler�der to the extent of the sumc secnrod by this Secudry It�strument
<br /> imnxdiately prior to the acqaisition.
<br /> " G.Occup�ncy,I'resecvAdon, Maintenance wnd Pmtection of the Property;Burrower's Loan Applicatton;Leaselalds.
<br /> • Borrower shall occupy,estabtish, and use the Property u�Borrower's principat residence within sixty days after the exxution of
<br /> this Security Instmment and shall continue to occupy the Property as Borrower's principal residence for at least one ycar after
<br /> ' ' the date of��upancy,unless[.ender otherwise agrets ln writing, which consent shall not be unreasonably wlthheld.or unless
<br /> . extenuating circumstances exist which are beyond Barrower's control. liorrower shall not destruy. damsige or impair the
<br /> Propeny, allow the Property to dcteriorate, or commit wacte on the Prapercy. Bon•ower shall be in dcfault if any forfciturc
<br /> _ . ,„ :: uction or procoeding. whether civil or criminal, is begun that in l.ender's good faith judgment could result in forfeitur+e of the
<br /> Y ` " '"� � Propeny or otherwis�materially impair the lien created by this Security Tnstrument or L.ender's security interest. Bonower may
<br /> ' -f'� ct�rP sttch a d�fnedt and reinsu►te,as provided in para�raph 18. by causing the action or prcxeeding to be dismissed with a ruling
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<br /> � that, in Lender's gc�od taith determi:�ation, precludes forfeiturc of the Borrower's interest in the Property or other material
<br /> • impairn�ent of the lien created by this Security Instrument or I.ender's security interest. Borrower shall also be in default if
<br /> �+" ; . ' Borrower,during the losn appiication prc�cess,gavc materially false or inaccuratc infom�ation or statements to L.ender(or failed
<br /> to provide I.ender with any muterial informatian)fn cannection with the loun evidenced by the Note,including. but not limited
<br /> � � to,representations conceming Borrower's occupancy of the Property as a principal residence. If this Security instrument is on u
<br /> • ;,:_;,' leasehold, Borcower shall comply witb all the provisions of the leasc. If Borrowcr ucquires fce titic to the Property, the
<br /> ' � leasehold nnd the fcc tide shall not mcrge unless Lcnder ugrces to the merger in writing.
<br /> 7.Protection ut I.endcr's Ri�hts In the Property.If Horrowcr fuils to perform the cavenunts and agrcements contained in
<br /> � � this Sccurity Instrumcnt,or therc is a Icgal prncceding that may�ignifirantly affect l.ender's rights in the Property (such as a
<br /> -�., ' procecding in bankruptcy, pmbate,for condemn•rtion or forFciture or to cnforcc lawti or rcgulations), then I.cndcr may do and
<br /> �„ - pay for whatever is neccssary to protect the value ot'thr Pnsperty and Lender's rights in ihe Property. Lender's actions may
<br /> �� include paying uny sums secured by a lien which has priurity over this Security Instn►ment, appearing in court, paying
<br /> reasc�nablc attorncys'fecs:�nd entcring on the Property to makc repairs. Althuugh Lender nuiy take action under this paragraph
<br /> 7,l.endcr dcex nut have to di�s�.
<br /> Any amounts disbur.�ed by i.cnder undcr thi. paragraph 7 shall hecorrk additinnal debt of Borrower secured by this
<br /> Security Instrumcnt. Unletiti&�rrowcr and Lender agrcc to othcr tcrnn of payment, tlicu:amountti shall bcar in�crest fram the
<br /> date of disbursement at the Notc rate and shall be payublc, with intcrest, upun nutice from Lendcr to Borrower requesting
<br /> paymcnt.
<br /> _ • �� 8.Mortg�ge Incurance. ff Lender required mungagr imurance a�a rondition of making the loan secured by this Security
<br /> Instrument, Borrowcr tihall pay thc premiumx reyuireJ tu muintain thc murtgagc inwr•rtxc in effect. If, far �ny rea�on, the
<br /> � mortgage insurrncc roveruge reyuire� by LsnJcr lap�c.��r crax. tu lx� in cfl'ert. Borruwcr tihall p:ty the premiums rcquircd to
<br /> ���'"' obtain coverage substantially equivalcnt to the m��nga@c in.urancc previously in effect.at a cost tiubstantially cyuivalent ta the
<br /> cost to Borrowcr oT the mortgage in�urancc pre��iciu�ly in ct'fcct, frum un altcrnatr murtgagc imurer approveei by (xnder. [f
<br /> substantially equivutent mortgagc insuranc�c<wcragc i�m�t availahlc. Burruwcr shall pay to Lcndcr wrh month a sum cyual tn
<br /> � : one-twelfth of'the yearlv mortga�c in�uruncc prrmium t►cing paid hy Borruwer w•hcn thr insuranrc covcragc lapscd or crax�ci to
<br /> �; ` �j be in effect. I.endcr will urcept,ux unS rctain thc�c paymcnts as a totis rc.crvc in lieu uf mortgugr in,uruncc. L,usti rc.crve
<br /> Form 3028 9/90
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