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<br /> S. HaLrd or Property la�ur�ace. Borrower slwll keep tho improvemenu now existin� or hert�ftcc erectod on the
<br /> Praperty insured�ainst loss by fire. hu.�rds includod w�thin the term "cxtcnciod covc►�e"u�d any other haurd�, includinQ
<br /> floods or Qcwding. for which Lcndcr rayuircs inwru�ce. This inwr�tuc shall be maintainod in tt�e anxwnts�ud tbr the perlads
<br /> that I.cnder requinx.Thc inwrunce cs�rricr pmviding the insunu�ce shull hc cho�en hy Bnrrc�wcr sub�ect t� Lendrr's approval
<br /> which iFwll not be unrwcanabfy withheld. If Borrower fails tu rnaituYin covemge descrit�od wbove, Lender ttwy. �t L.ender's
<br /> option,obtain rnverage to ptntect l.ender's right+in thc Pmperty in accordxnce with pur�gruph 7.
<br /> --- All inzurancc policies �uid rencwals shal� be ucceptabic to l.cnder wui ►ha11 include u standurd mortgLgc clau�c. Lender
<br /> °� shail hAVe thc right to hald thc policies und rc�ewuls. If Lendcr requlres.&�rmwcr shall promptly give to l.�:nder all receipts of
<br /> paid premiums and rcnewal natices.In the event of loss, Barmwer ctwll give pmmpt notia to the insurance carrie�atd Leoder.
<br /> l.endcr n�ay rtwke proof af locs if nat made promptiy by Borcc�wcr.
<br /> — -- Unless Lender and Barrawer othenvise agnr in writing,insurance proceedc stult ixapplied to restoration or repair of the
<br /> ---_�,�' Praperty damaged, if the restoration or repair is ecenomically feasible and Lender's securiry is�xu lessened.If the restorution or
<br /> _� �_""_�� `F-��� repair is not economicully frasible or Lender's security wcwid be tessencd,the insurancc procceds shall be applied w the sums
<br /> ..�.,,r.4Lu,,;,,;,,� secutal by thiti Security Instrument, whether or mu thcn duc,with uny cxcc�s paid ta&�rrower. If Bormwer abancions thc
<br /> -�--�� Property,or does not unswer within 30 duys u nc�tice fra►n l.ender that the imururue camer has offercd to settle a claim, then
<br /> l.ender n�ay collect the insurance praceeds. L.tnder roay use the pnxeedc t�� repair or restorc the Propeny or to pay sums
<br /> '• '' � " securcd by this Sccurity Instrument,whether or not tl�c:n duc.Thc i0-Juy periad will tx:gia when the notice is givcn.
<br /> _=---- Unle�s L.ender und Barrawcr othcrwisc ugrec in wrlting, any appliration of prareds to principal shull not extend or
<br /> -:- . ..,_ , . _ pc�stponc thc due date of the monthly payments refcrred to in paragraphti 1 and 2 or clangc thc amount of thc payments. If
<br /> �+�=•'��' -�'`'" under parag�aph 2 t the Propeny i,�cyuired by l.ender,Borrower's risht to any inwrunce policies and procoeds resultins from
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<br /> � damage to the Property prior tn the acquisition shap pass to I.ender ta the extent of the sums secured by this Security Instn►ment
<br /> , ''�"'' `°'� ' imm�jcliatcly prior to thc acqui�ition.
<br /> .. "'`"'� ' " 6.Occupat�cy.PreservAtbn�MAintrnAnce and PrutErNun of the Prnperty: Borroxer's LoAn Applics�tion; Leaseholdti.
<br /> � �� �;"�' Borrower shall cucupy,estahlish,and u`e thc Pro�xny ac&►ratiwcr's princip•rl residcnce within sixty duys after the execution of
<br /> f �• thiti Security Inrtrument and shall rnntinue to�xcupy the Property rs&urawer's princip�l residence for at least one year after
<br /> � � ' the dutc of occupancy. unle++Li:nJer atherwise agcce�io writing, which co�tient shall nat be uareasan:ibly withheld,or unless
<br /> � ' extenuating circum,tances exist which are beyond Bon•ower'� control. Borrciwer shall not dettroy, danwge or impair the
<br /> ••� Property, allow the Ar�ipeRy to dcteriorate, or commit wa�tc �m the Praperty. Borcower tiBall be in default if any forfeiwrc
<br /> � uction or pr�xcaiing, whether civil or criminat.iti t►egun that in l.endcr's gcxxi faith judEment could result in forfeiture af the
<br /> •t � Propcny ar uthcrwi�c nutcriully impair the licn crcuted by thi�Scrurity Instrumcnt or I,cader's cccurity intcrest. Borrower may
<br /> cu�e�urh u default and reinstate, as provided in paragraph !R,hy cuu�ing the action or proceeding to he dixmissed with a ruling
<br /> that, in Lc►uicr'� gcxxi faith detcrniinatiun, precludcs fortciture af thc Borrowcr'x intcrest in thc Property or othcr material
<br /> � impairment of the licn created by thi+Srcurity In,trument or I.ender'� security inte���t.Borrowcr.hull alui be in default if
<br /> , &�rrowcr,during thc I��an application pnxcsx,ga��c matcrially f'altic ur inarcuratc inforrn�ion or statcmcnts to l.endcr(or failod
<br /> to provide L.ender with an}• matcrial infi►rm:�ti�ml in c��nncction with the loan eviJenced by ttie Note, including,but not limital
<br /> to, rcprexntutions cunrcrning Bi�rrowcr'ti�nrupanry uf thc Pr��perty uti u prinripal rc�ialcn�e.If thi.r Security Instrumcnt i�on a
<br /> Ica.chi�id, &�rrowcr rhall comply with all thr provitiinm af thc Icarcr. It' li��rrc�wcr xyuircs fcc tiUc to the Property, thc
<br /> Il'i!\CIIOI(I:1�1(I(I1C fCC UIIC til1:i�I Ill)l Illl'��'l'LLIIII'ti�IAIUICf 8�`,IY'l`�llt IBl'�Ill`C�!l'I'Itl N'fl[III�.
<br /> + 7. Pmtectton of l.cnder'c RiAhts in the!'iroperty.If&�rrowcr tail�t��perfnrm t hc mverwnt.und agrecments rontaincd in _
<br /> �+, Ihiti Sc:urity Imtruu�cnt,or thcrc i�•r Icgal pr�kcr�ling th.�t m:n•�ignili�anUy affert L.c�lcr'+rights in thc Pr��perty(�uch us a
<br /> i��' . prcxccding in bankruptcy. pr��+utr. f�,r runJrnmatiun ur ti�rtciturc�tt u� cnli�rcr law+ �xrc�ul•rtioml. thcn Lc�xlcr may do and _.
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<br /> { �' . pay for W�hutever iti necc�wry tu protcct the valuc ��f thr Pro4xrty and IxnJcr'ti right�ia the Property. I.ender's xtion�nu►y –
<br /> ., � includr paying any �unu �ccur.�l hy a licn whicB ha. prio��iry ovcr thiti Srruriry Imlrunxnt, appearing in cuurt, paying _
<br /> - rc:�uma�lc atturncyti'fcc�and cntering un the ProFxrty ta makr repair+. Althi�ugh Lenclermay take•rction under this paragraph _
<br /> ?. l.ender Ji�ex nut hav�ti�do x�.
<br /> Any amounts dithurr�:J by L.end�r undrr thi. paragraph 7 �hall hcr�mir adJitiuwl dcht uf &rrrow�rr ,ecarttil by thiti
<br /> Security In+trument. Unle.� &3rrowrr and (Andcr aEr�c tu o�hrr trrm� ut ��a�•ment,thrk unHwnt.�hall tkar intrrrst frum the –
<br /> J:itc of di�bur,ement ut the Nntr r•rte and �hall hr papabtr. �cith intrre.t, u}xm �x�tiretrc�m I.cndcr to &muwer reyue�ting
<br /> payment.
<br /> 8. Dtort�a�c Insurancc.It lxnder r�yuircJ nwrtgagr in.uranrr a�a r�mJitiun ot' nnki ng thc 1�,•rn.rrured by thi�Scrurity
<br /> lntitrument. &�rruwcr �hall pay the prcmium. reyuircd to maintain the mortgagr in�ur�n�r in e1f'crt If', fi�r any rcawn, the
<br /> mortgagc in�urunrr ru��rra�!r reyuire�h�� l.cnJcr I:ip.c.��r rra�c. ta hc in cftect. E��rr�►WCr tiI1JII �J\' Illl'premium�rcyuircd to
<br /> i�htain cuveragr.uh+tantially eyui��alrnt tu thr nmrtga�c inwranrr previuu�l�• in rt�tcct. �a c��.t tiub�trntially cyuivalent to thr -
<br /> rutit tu &�rruH�rr��f'thr�ziurtg:�gc intiur�ncc pmeiuu,l�• in rl(cr�. 1'rum an allcrnatc nwngu�:�in,urcr appru��a1 by I.ctKler. If
<br /> , tiub�tanti;dly cyuivalcnt n•.�rtga�c in,uraucc r���cr:i�e i,m,t;��ailahlc. B��ttu��cr tihall pay io IAtlIJI`(l`:►l'II IO�lI1lll:1 1UlIl l'(�UUI lU
<br /> '- anc-twcU'th uf thr��carl�•nuir�gage in�uranrc premium h�ing paid h�� B�,rr��wrr w•hrn thr m.urancc rwcr:�gc lapx�i ar cc•rkd to -
<br /> � � be in ctTu•t. l.endrr Nill:ICI't�11. U�C:tI1lI Pl'18111 Ull'�l•�/:t\Illl'Ilh U� a lu„ re,rr�r in licu ��f nwrt�age intiuranrr. Lo.ti rr,rr�•r
<br /> : Form 3028 9/90
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