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<br /> � 94-���59
<br /> 6. H�rd or Property INwrnnee. Borrowcr �luill keep the impr�uvrn�ents now exiKfn�or Mr+eaflar erocNd oa the
<br /> propeAy iriwrod�airtrt lo�s b� �in, Iwards irrcluded wbthin the ternt "extended awery{e' �d�y olt�hara�ds.includi�
<br /> Aoods ur flaadin�, for which i.ender roquir�a inwranoe. Thl�i�uranoe�fNll be m�inWnai 1n the�cnount��nd for tbe prriod�
<br /> Uut Le�roquira. The inwrmoe carrier pmvidin��Ix inwrmoe�lull be chaen by Borrower wbjxt to i,er�der'�approval
<br /> wfiich Rhall not be uruca�onsbly withheld. If Borrower fnil�ta maiMaln rnver�e dexriba!�lwve. I.ender cnay,m Y,ender'�
<br /> optbn,oMain coven�e w pratect Lender'�riQhtf in the i'n�peny in aac�urduk�e wllh pu�raph 7.
<br /> All inwrsnce policia and renewals dull be aoceptable w L.eMer ud rhall include x st�nd�rd mnrc�c clau�e. i.eodet
<br /> ` rlwU Iwve tl�e rigl�t w hold tiw policiec iurf renew�lr. Tf 1,�:itiJi:r rayui�.:�.Iiurwwur cJti+ll prwuptly giv.:w Lcisd�:r at! cccclpta of
<br /> peid Premium�and renewd notices.ln the event uf lo�u►.Bc�trawcr�II�ive prompt notioe w the inwance cu�aad La�der.
<br /> Lender nwy mAke proaf af(oa if rwt m�de promptly by Horrower.
<br /> f Unless llxaiec�nd Borrowcr ahenvisc agra in wdtin�, inaurancc procoods chall be appliod�o rator�tian or rcp�ir of thc
<br /> Property damaged.if the rcstontion or rcpYir ic e0000mically feasible rnd l.ender's security is not k�scncd.If the restoration or
<br /> repair is not aonomically feasiblc ar[.endePi securlty would 6e I�ssened, thc inwrancc procads chatl be appliod to the sumY
<br /> -- — recured by this S�xurity Instrument, whether or not then due. with any excess paid to Borrawcr. If Barrower ab•rndons the
<br /> Property,ar daes not wuwer within 30 days a nutice from Lender that the inwrw�ce c,irrier has offerrd to settle a claim,then
<br /> Lendcr may collxt the insurance proceeds. L.cnder may usc thc proceal� ta rcpair ar rcstore the Property or to pay wms
<br /> �ecural by this Security Instrument.whether or nat then due.The 30-dxy period will begin when the notice is given.
<br /> Unless L.ender su�d Borrower athervvise agree In writing. any appliration of pracevds to principal sFwll rx�t oxtend or
<br /> postpone the due date of the monthly payments refcrred to in paragraphs 1 and 2 ar chrnge the nrr�ount of thc paymcnts. tf
<br /> undcr paragraph 21 the Property is Acquired by Lender,Barrower's right to a�y insurancx policics and pracads raulting from
<br /> _- damage ta the Property prior to the acquisition shall pass to I.et�der to the extent of the wmc socurod by tt�is Socurlry It�strument
<br /> immediately prior to the acquisition.
<br /> � 6.Occupancy,E'reservatbn, Mnintenance and Protectlon ot the Property;Borrower's I.oan AppBc�tbn;I.eaaeholdn.
<br /> Borrower slwtl occupy,est�blish,:u�d use the Property as Borrower's princip:►I residence within sixty days after the exxution of
<br /> this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after
<br /> ''•.�� the date uf accupancy,unless Lcnder atherwise agrces in writing, which consent shall not be unreaso�wbly withheld,or unless
<br /> extenuating circum�tances exist which are beyond Borrawer's contml. Borrower shttll not destroy, dumage or impair the
<br /> Property, nllow the Propeny to detcriorate, or commit wASte on the Property. Borrowcr shall be in default if Any forfeiture
<br /> "" oction or pnxeoding, whether civil or criminal, is begun thut in Lender's geod faith judgment could result in forfeiturc of the
<br /> Property or othenvise muterially impair the lien createci by this Security Instrument ar Lender's security interest.Borrower may
<br /> " cure such a default and reinstate,as provided in p•rragraph 18,by causing the actiun or praccxding to be dismissed with a ruling
<br /> � that, m Lcnder's good tanh determination, precludes forfciture o�the &�rrowers intcrest in tiu�ropetty or other materiai
<br /> " �= 'v�?:r'•-:.=at' impairment of the lien created by this Security Instrumrnt or LendePs security interest. Borrower shall alw be in default if
<br /> '�3`�;r�`��`'�`�' Aorrawer,during the loan application process,gave materially fulse or inaccurate infor►nation or statements to Lender(or failed
<br /> - ��ys.�1'�ti....:�.i.. . .�
<br /> �-,,�>::s. • :a' �' "` to provide ixnder with any material infomiation)in connectirn�with the loan evidcnced by the!Jote, including. but not limited
<br /> ,..N4 .a.. ��'�:.'t�••',��i
<br /> �::;,;.; .. • to, repre.sentatians concerning Borrower's occupancy of the Property us u principat�esidence. If this Security(nstrument is on a
<br /> " '""'ri` � "� �"' leasehold. Borrower shaU comply with all the provisions of the lease. If Borrower acyuires fee title to the Property, the
<br /> -'.�Ii�$.b::.y:1iN�y�e3
<br /> .,. ,.. , . leasehold and thc fce title shall not mcrge unlcsti l.endcr ugrecs to thc mcrger in writing.
<br /> �_ 7.Protection of Lender's Rights in thc Property.lf Borrowcr failti to perform thc coverwnts and asrcements containc�in
<br /> � • � � • this St:curity Instrunient, or there i.u legal prcxeeding that may tiignit'ic•rndy affert Lencier's rights in the Property (stsch as u
<br /> '�_ ��'� '"�� procccding in bankruptcy,prob�te, for rondemnatinn or forfciturr nr tu enforcc lau�s or rcFulations). then Lender may do and
<br /> �� . pay for whatcver is ncces,ary ta protect the v:�lur uf the Prupeny and I.cndcr', right� in thc Praperty. I.endePs•rctions m:iy
<br /> , . _ .,,.. include paying any wm. secured by a tien a�hich ha� priority over thi, Security In,trument, appearing in court, paying
<br /> �. ' rcawnable attorncy,' fecs and entrring an thc Propeny to n�akr rcpair�. Although Lender may trke action under this parugraph
<br /> - �., a'r , 7, L.enJcr d�xti not huvr to du u�.
<br /> ',1 , Any amount+ di,bun�til by l.cndcr undcr thi� paru��aph 7 ,hall hccome aJJitiunal Jcht uf Borrowcr u.•cured by thiti
<br /> • , : Seruriry In�trumcnt. Unlr�� &�rrowcr :�rkl IAnJer agrce to uther tcrm�uf paynxnt, thetic:�mount,.h•rll bear interetit fmm the
<br /> _ '' ' date ��T disbur,ement at the Note rate ancf ,hal� be p.�yuble, with intere,t, upun notice irom Lender to Borrower mquesting
<br /> ,, . prymcnt.
<br /> '' us• 8. Mort�t�gr lnsurunce. If LenJer myuired murt�a�r in,uranre ati a r��nditiun uf making th�loan Yecured by thiti S�tiurity
<br /> s��' ; �� <• lmtrumcnt, li�nowrr tiha�l puy chr prcmium, reyuirrJ to maintain thc numgagc �n.uranrc in rf(cct. If, f�ir •rny rcaum, thc
<br /> � ° mortgage in�uranre cuvrragc rcyuintl h} Lend�r lap�rti or rca.r.t��he in rff«t. Burr��wer�hall p•ry the premiunu reyuired to
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<br /> � _ ohtain covcragc�ub+tantially cyuivulcnt to thr mortgage imurancc pmviou�ly in cffrrt, at a cutit �ub�tantially cquivalcnt to thc
<br /> ��� ci»t ro &�rro•xcr uf thc murtg•rgc imuair.rc previoutih� in cftort, fru►n an altcrnatr mangagr in,urcr appruved by I.cndcr. [f
<br /> subsrrntiaUy ryuivalrnt mongagc inwr:�n�r a,�•eragc i,m,t a�ailahlr.B„rn,wrr ,hall pay t�� Lcnder euch nwnth a,um equal to
<br /> _, � � , onc-twclttli�it thr y�arl}• nx�rtgagc insurrnrc prcmiwn tming paid b�• Burruwcr w•hrn thc imurancc tuvcragc lap�rd or rcaxJ tu
<br /> ' :' be in effect. L.ender will accept,u�e and retain thr�r paymcnt.a, a lo�ti re�en•r in lieu of mortgage insuranrc. Lo�. rr�erve
<br /> - Form 3028 9�90
<br /> • Pi9n.1 0�8
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