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<br /> �� _ �._�..�:�:� .... �`��.+��� - --�::._���.�. -
<br /> 94-�
<br /> S. H�z�rd or Prnperty iawrance. Borrower zhall kocp the improvements naw ezi�dng on c�reafter erectal �n the
<br /> Property inaured a�ai�ut lo�s by tire.ha�rds included within the term "extendai cnveragc" ynd wny wher Fwz�rdY, including
<br /> floods or floodin�, for which Lendcr rcquires in�unncr.Thic in�urunoe.hall he rrwint�inod in thc wnountc Nnd for the pe�iodx
<br /> that Lendcr rcquiros. Thc insuran�c carricr praviding the inwrame shall bc ciw�cn by &nr�iwcr tiubjoct tu l.endcr'+upprovul
<br /> _ which shsill twt be unrc�wnably withheld. If&�rruwcr fAil�t��nwintain rnvcrage descrlhod �bove. Lc�xier mAy, at [xndcr'►
<br /> � optinn,obtain coverage tu pnncxt Lender's rFghts in the Property in aca�rdmice with p�rugruph 7.
<br /> All insurance pnliries und rcnewYls shal!be vecept�ble w I.encler ��xi r;hull include a stL�xlarJ rtx�ttg�ge cluuee. [.axler
<br /> =-a=_ _� shall have the rigl�t to hnld thc�Ilcics a�x1 rei�ewals If l.encier requires. Rormwcr shall prrn�i�xly give to I.endcr ult nrci�Nc�f �
<br /> paid prcmiums ancl rcncwal notices. In thc event of loss,Borrower sh�ll givc prompt ncKire tc�thc insunuu:c cyrrier und Lrtwlcr.
<br /> � .� L.ender muy makc proof of loss if not mudc promptly by Horrowcr.
<br /> __ — _ Unless Lender und Borrower otherwise agree in writing,inwrunce priice�xfr shaU he applied to restorution��r mpair uf the
<br /> Property damugai.if the rcstoretinn or repuir ls cconomically fe:icible and I.ender's sccu�ity is not Iesscned. If the restar�tian or
<br /> repair ic not cconomicully fcasiblc or Lendcr's sccurity would bc Icsxcnod,thc inwrancc proccal�shull t+c upplicd to thc�ums
<br /> secured by this Security lnxtrument, whether ar not tben due, with any exces, puid to Borrower. If&irrower uba�xlons the
<br /> Property,or daes not answer within 30 d•rys a notice from Lender that the intiurunce car�ier has offered to settle a claim, then
<br /> Lender may collec:t the intiuranee praeeds. Leiulcr may u.r•e the praceeds tn repair or restore the Pruperty ur to p•ry sums
<br /> secured by this Sccurity Inctrumcnt, whether or nat tl�en due.The 30-day period will begin when thc naticc is given.
<br /> _ _ — Unless Lcndcr and Bcinnwcr otherwise agece in writing, any application of proceats to principal �hall not extcnd or =
<br /> - ,. postponc thc due date uf the monthty puyments refcrred to in paragraphs 1 und 2 or change the amount nf thc payments. If
<br /> � under paragraph 21 thc Property is acquired by L.ender. Bonower's right to any insurance policicti und proc:ecd�:rerulting from
<br /> � '`��� damagc to thc Property prior to thc acquisition shatt pass to Lcndcr to thc cxtcnt cif thc sums sccurcd by ti�is Sccurity lnstrument
<br /> : w�5_t�.v.��.� ' _. .
<br /> , � '�� '�� immodiatcly prior to thc acquisitian.
<br /> - � ,� �„ �, 6. Oeeupaney.Prccervattan,MAlntenanee and Proteetion ot the Praperty:Bnrrower's l.uan ApplieAUon;I.eA.ceholdc.
<br /> ' Borrowcr shall ocrupy,cstubli�h,und u,e the Propeny u+Borrowcr'z principal rctiiJcnre within sixty days aftcr tl�c exrcution of _.
<br /> . . .1�'}',Sr
<br /> f�, • � this Security [nstrument and shall cominue to occupy the Propeny uti&irruwer's principal residence for at Ieast one year ufter
<br />-. ;.y,.•i. . _ �.•,. �+: thc datc of a:cupuncy, unlctis I.cnder othenvise agreeti in writing,which ronknt�hall not be unreasonubly withheld, or unlesti
<br /> '=;'�"f`"�`• '`''�`�'� ��' extenuatin circumtitunees exist which ure bc ond BnRC►wer's mntrol. &�rrower shall not dextro duma e or im air thc
<br /> '., � 8 )' Y• 6 P'
<br /> - �?�'��;=•�;���'�; y Property, allow thc Property to dMCriorate, or commit wastc c�n the Property. &►rrower�hall be in def•rult if any forfeiture
<br /> . • uction or procccding, wlicthcr civil ur criminal, is begun that in LcnJcr's goc►d fuith judgmcnt could result in fiirfciturc of thc _.
<br /> -,.::;'� " .� ' Property orothenvise muterially impair the lien created by thiv Security Imtrument or I.ender'�security intere�t. Bormwer may
<br /> � �'"`";t'�`'` cure such n defuult and reintitate,ati provided in paragraph 18,by cuutiing the uction or proceeding to he ditimitised with a ruling =
<br />- -. - `:-:�=�`�•�'�" ttsat, fn lxnd�r'� gac�si�f:iith detc�n:in:sti:�n, preclu�es forfciture of thc BOffni!-er'�. intcre,t in shc Propc:sty �r othcr msteria! -
<br /> .. .:;' �,,. imp�irment of the lien created by thiti Security Intitrumcnt or L.enJer's securiry intere.t. Bnrrowrr �hall aho be in dcfault if
<br /> ." . .''. . Borrowcr,during thc loan applira�ii�n prcxc��,gavc matcrially ful�e or inuccuratc information or statcnxntti to L.cndcr(or f'ailcd
<br /> to providc Lendcr with any m•rtcrial information)in conncction with the loan evidenced hy the Note, incluJing. but not limitcd �;�
<br /> . . t�,repre.cntations concerning Borcowcr's orcupanry uf the Pr�i}xny us u prinripal retiiJcnrc. If tl�is Sccurity Intitrumcnt i.on a =
<br /> leasefx�ld, &irrower rhall comply with ull thc provisions af thc Icasc. [f &nrowcr ucyui�es tee title to the Property, thc =-
<br /> �, � IeaseholJ�nd thc 1'ce tiUc.hall not mergc unlrs�I_rnder agrccs ti�the nxr�cr in writing. _..__.
<br /> 7.Protectton of I,ender'x Rl�hts In the Property.If Bnrrox-cr fail+to�xrform thc rovrnuntti and agreemcntti contained in __
<br /> '`r_ this Security Instrument. or there iti u Irgal prixce�iing that may�igniticantly affcct L.cnJer'ti rights in the Prop�rty (�uch as a
<br /> _- procceding in b•rnkruptry,probute, fur rondcmnaticm ur fi�rYciturc e�r tu rnforrc law,ur regulationti),then IAnder may Jo and �_
<br /> �' '' � pay for whatever is neceswry to pr.ucrt the vulur ��f thc Pra�xny und [.rndrr'. rightr in the Propcny. Lrnder'ti acti�ms may
<br /> ^� � includc paying any tiumti �ccurcd bp a licn whirh h:�� priurity <i�•cr thiti Sccurity Imtrum�nt, uppcuring in eouR, paying �''
<br /> '�" . � � reascmaNle auumeys'f'ee�•rnd entering cin the Pr<��xny to make repair+. Althciugh Lender may takc uction under this parugraph �-
<br /> , . ' 7. 1.enJcr docti not havc ta do so. „�-.
<br /> An amounu di+hursrd b L,�ndcr unJcr thi, .►ra ra h 7 .hall hccumc additiimal drht uf &�rrawcr �crurcd b thiti �'
<br /> ;; , t � y • > r• � �r �• �-�
<br /> � Security Insrrument. Unlc+ti Borrnw�r and Lendcr agrre to uther t�rnn��T pa�•ment, the�r am��unts .hal� hrar intere,t frum the
<br /> � dutc af'disburscment at the Nc�tc rate and tihall be payablr, w•ith intcrrst, u}xm noticr from Lender to Borrower rc.qu�sting °-
<br /> puyment. �
<br /> S. A1ort�;��e Insurunce.If Lcnder rcquirrd murtgagc in.urunr�a�u cunJition��I'makin�the luan tirrurcd by thi.Serurity �._
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<br /> . • Intitrumrnt. Barrowcr �hall pay tlk prcmium� rryuirc.l tu m;�intain thr mur�ga�r in,w•anre in rftc�t. It'. ti�r uny rca�on. thc
<br /> �•; �.:� mongugc in�uranrc covrra�c rryuircJ by LcnJcr I•rpu�ur rca�r,tu bc in cftect. Bunuw•rr�hall pay thc prcmium+ rrquircd to
<br /> � •' obtain covcrugc�ubtitantially�cyuiealrnt tu thc murtgagc imuranr�pr�eiau.ly in cftcrt. at a rutit�uhtitantially cyuivalrnt to the ��-
<br /> _ �, . `, _
<br /> cutit to &moacr uf thr mortguge inwranre pnvii�usly in rfl'rct. 1'rum an altrrn:Uc nu�rtgage in,urrr appru�•ed h�• I.rndec II� -
<br /> � � tiubtitantiully cyuivalcnt murtgagr in.uranrc c�n•craLC i� not aeailahlr.13urru�crr,hall pay tu Lcndrr rach munih a wm equal tu
<br /> r � ; { onc-twclfth of thr ycarly murtgagc in,uranrc pr�mium txing paiJ hy l�rrruNrr Hhrn thc�murancr rurcr.►gc Iap.�Ki or rca,cJ tu
<br /> ` � ; � . � tn in ettcct.Lcnder W�ill acrel�t, u�c and retain thr.c p��ymcnt+.n a lu+s rcxn•r in licu uf mortgagc in,ur•rnre. Lcx. rr�cn•r
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<br /> -`= •� Form 3028 9190 �
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