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<br /> S. i�rr1 or M�pMy law�r�a. Ebrrower �lull fceup the impt+nvarienu now exittiny or he�eaAer aectad on the
<br /> Property inwrad�dnu lau� by fiice, t�rda included wlthin the term 'ax�ancled coven�e" and any other iurards. iucludinj
<br /> 8a�ds or floodinQ, fnr which I.ender requlra inwnnoe. Thi�Inwrance�hall bt mtfnWned ln tbe anounts ud for the paiod�
<br /> ttwt Lender requir+cs. 'R�c insurance cacricr providin�tftie in�unnce�twll bo chcuen by B�miwer rwbject to Le�ndcr's�pprovd
<br /> which �Iwll not be unreawnabty withhcld. If Borrower f�ils tu maintnin cx�ver�c dexribod above, L.endar may, at Letder'�
<br /> option,c�btain coven►��ta pratxt Lender'�rlyhtb in thc Propcny!n�ccord�r�ce with pu�raph 7.
<br /> Ali inwranoe policien and renewal�stwll be�oceptable w Lerder ud desll include� �tard�nl moctQ+��e clw�e. Lencfer
<br /> _�. ehetl have the right t�hold thr policieti And renew�ls. If lx,nder roquircs,Borrower sttall pmmptly give to L..ender�II roceipt� nt
<br /> paid prcmiums and renew�l rwtkes.In the evcnt of loss,Bomowcr sl�Il�ive prompt naioe tc►the iiuunnoe arriu and Lader.
<br /> -�---- L.a�der tnay make praof af loss if rwt made promptly by Bornower.
<br /> - Ualess Lender and Borrower ahecwise agroe in wrlting. insurance procoeds�i�ll b� appliod to restoration or repoir of the
<br /> Property danw�ed,if the testorAtion or e�epafr is eco��omiadly feasible urd L.ender'�security is not lesrenal. if the testocation or
<br /> repair is not economlcally feasible or Lender's security would be lessenod. 1he insurance pcocoods:hall be applied to the sumc
<br /> _�__ -__ socurod by thia Socuriry Instrument, whether or not then due, with any exass paid to Borrower. If Borrower abandonc the
<br /> - -�"� Property. or does iwt answer within 30 days a notice from I.endcr that the inwrance curier has offered to settle a cl�m,then
<br /> Lender may collect the insurance proceads. Lender may use the procads to �epair or restore the Property or to pay wms
<br /> secuad by this Socurtty Instrument.whether or not then due.The 30-day perlod will begin when the notioe is given.
<br /> -- — Unless L.endcr and Borrower othecwlse agroe in writing, any applfcntion of proceods to principal shall not extcnd or
<br /> ";���� YJn �' postponc the due date of thc monthly payments referrod to In paragraphs 1 u�d 2 or change the amount of thc payments. If
<br /> under paragriph 21 the Property is acquirod by Lender.Bonower's rigbt to any insurwnce policia and proceads rcsult3n,�from
<br /> �....,-w..•.-��: - d�magc to thc Property prior to thc acqui:ition shal!p�ss to I.cnder to thcexunt of the sums secured by this Security Instrument ---
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<br /> ��.,i;,., .��.q t imnudiately prior to the acquisition.
<br /> `- ����� � � .��`� 6.Occupuncy,Pirservwtion.Maintenance And Protection of the Yroperty;Borrower's Lo�n Ap�licallon;I.easeMolds.
<br /> �:,�,.._; Borrower shall occupy,establish,and use the Property as Borrower's prineipal residence within sixty days after the execution of
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<br /> .•,�+f.';. ., , this Security Instrument and shall continue to occupy the Property as Borrower's pri�cipal residence for at Iwst one yeu after
<br /> ' the date of occupancy.unless Lender otherwise agrees in writing. which conunt shall not be unreasonably withtield, or unless
<br /> '{'f'�' : extenuating circumstances exist whtch are beyond Borrower's control. Borrower sh�ll not destroy. darn�ge or impair the
<br /> � . , , Ptoperty, allow the Property to deterioratc. ar commit waste on the Property. Borrower shall he ln default if any forfeiture
<br /> actiun or proceeding.whether civil or criminal, is begun that in Lender's good faith judgment could result ln furfeiture of the
<br /> Property or otherwise materiaUy impair the lien created by this Security Instrument or Lender's securlty interest. Borrower may
<br /> cure such a default and reinst�te,as provided in paragraph t8.by causing the Action or proceeding to be dismissed with a ruling
<br /> - -_._-:.==-.-.---_-- that. in Lender's guc�d frii!!i �etesminatfon. pr�Cludts forl'eit�lfe �f Ih�Rc�rmwer'c interr�t in the Pr�perty�� ��P��t�ri��
<br /> , impairment of the lien created by this Security Instrument or Ler►dcr's uxurity interest. Bc�rrower shall also be in default if
<br /> Borcower,during the loan applicatIon process,gave materially false or inaccurate inforniation or statements to Lender(or failed
<br /> to provide L,ender with any material information)in connection 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 un a -
<br /> : leasehold, Barrower shull comply with all the provisions of the Iease. If Borrower acqutres fee title to the Property, the _
<br /> leasehotd and the fcc tide shall not mcrgc unless l.cndcr agrees to the mergcr in writing, _�
<br /> 7.Protection of Lender's RiRhts in the Property. [f Borrower fails to perform the covenants and agreements contained in
<br /> -r this Securlry Instrument, or there is a legal praceeding that may significantly affect Lender's rights in the Property (such as a �_
<br /> ,� � ' ,. proceeding in bankruptcy,probate, for condemnation or forfeiture or to enforce laws ar regulatians), then I.ender may do and e��•
<br /> ,,, pay for whatever is nccessary to protect the valuc of the Property and Lcndcr's rightx in the Property. I.ender's actions may ��-
<br /> include a in an sums secured b a lien which ha� riorit over thi,Securit Instrument, a rin in court, a in �
<br /> , P Y 8 Y Y P Y Y PP� S P Y B ..
<br /> , , reasonable attorneys' fceti and entering on thc Pmperty to make repairs. Although Lendcr r�wy take�ction undcr this paragraph ,
<br /> 7,L.endcr daes not huvc to do so. 6_ ;,.
<br /> - Any amounts disbursed My I.endrr under this para@raph 7 shall became adJitinnul debt of Bormwer securcxi by this �e
<br /> Security Intitrument. Unless eonower and C.cndrr agree t��other tcrmti of paymrnt, thc,c amounts shail bear interest from the
<br /> datc of disbursement at thc Notc rate and .hall be payablc, with intrrest, upon notice from Lendcr to Borcc�wer requesting �.. "
<br /> payment. �_'�_
<br /> S.MortRage Insuranee. If L.ender rcyuireJ martg;►ge insurancc u�a remdition��f making the loan xcured by this Security
<br /> Instrument, Borrowcr shall pay the premiums requircd to maintain thc mongagc in,urancc in effect. If, for any rca.�on, the
<br /> . �nS�Se insurunie coc��rage reyuireJ by Lemier I•rp�e+or reax+t�i he in effe�t.&�rroa•cr�h�ll pay the premiums reyuired to =___
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<br /> obtain coverage substaneially cquivalent to thc mort�ugc in+uranrr previou�ly in cffc�t,at a rost,ubtituntially eyuivalcnt to the �.�
<br /> . co.t to Bonower of the mortgage intiuranre prrvioutily in eff'ect. f�oin an •rllcrnatr nx�rtgagr intiurcr approvcd by L.cnder. If �
<br /> substantially tquivalcnt mon�agc inwr�nce coverage i.not avail�blc. Borruµ•cr �hall pay to[.rndrr c•rch month a wm cyual ro � ,.
<br /> , one-twelfth��f the yearly mortg:�ge intiurance premium Ix�ing paid by B��rn�K•cr v►•hen the imuranrc ruveragc lapxd or ceased to
<br /> : � be in effect.Lender will accept,u,r and retain thex paymentti a� a lutti rc�ene iu li�u ��f murtgagc in+uruncc. Lo.r, reserve �
<br /> Form 3028 9/90
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