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<br /> :�_� �,�u±a��,���� S. Hay�yd oe Fi�opcb�y I�tsur�nce. Bar�'ower shall keep tha i�npresvcincnte nnZ'L�e*xiRting or hereuQer crxtal an tho
<br /> _ Pr�perty insur�ed nguinst lass hy Fire. hnzurds inciud�xl within tho term "extendod coverege" and any�ther hazards. lncluAli�g
<br /> --- flnocis ar Ilacxifng, far whieh L.ender cequlr�s insurnnca.Thix i��surnnco xhall bo�nAintutned!n the amaunte and �'or 1hv peri�ds
<br /> that Ls��der rcqulres. TNe insurnncu cArrier praviding the insurunco shall he chosen by 8arrawer Rubject ta i,�ndcr'R approvul
<br /> . which xhnii nc►t bo unreasanably wiq�hcid. If aarrc►wcr fuilN ta mnintain cavcrugo describr,d abuve. Lendcr may. nt i.ender's
<br /> — aptian,obtain covcrago to protcct l.cndcr's dghts In tho Ptoptrty in accordnncc wlth parngraph 7.
<br /> All insurancc �Iici�w nncl rencwc►IR Rhall be i�cceptnhlo tn l.ender und shull includo a standnrd mortgage clause. l.cnder ,�_
<br /> �; shall havo thc right ta hald the palicicg and renewals.IP I.endcr requires.Borrower shull promptly give to L�nder a11 receipts of
<br /> p�id premiums and renewul natires.in tho event of toss,Borrower xhait givo prompt rtutia to the insurance currier and L.ender.
<br /> l.ender muy muke praof of loss if not mudc pmmptly by Barrowcr.
<br /> Unl�ss Lender nnd Borrowcr otherwl�v ugreo in wdting.insumrtc.o proceede sh�ll be applial to restorritlon or repuir of Ne
<br /> Prope�ty damuged.if the restorntion or reps�lr is economicttlly feasible und I.ender's secur[ty is nat lesserted.If the restoratIon or
<br /> . repnir is not economicWly feusiblo or Lender's securlty would be lessened.tho insumnce praceeds shaU ba appUal to tho sums
<br /> . secured by thla Sccurlty Insttument, whether or not thcn duo, with any excess puid to Borrower. If Borrower abandons the
<br /> � ', '� Property.or does not unswer withln 30 days a noticc from I.ender that the inaurance carrier has oFfCre�i to settle a clalm, then
<br /> � �.;,� � 1:.�;; l.ender may coliect the lnsurance pracceds. I.ender may use the praceeds to repuir or restore the Property or to pay sums
<br /> t;';:�� ;, secured by thla Securlty Inatrument,whether or not then due.The 30�duy perlod will bcgln when the natice is given.
<br /> ' "��=•�+".�"�� Unless Lender artd Borrower atherwlse a ree In writin . an a licutfon of raceeds ta rincl ahetl not ext�nd or
<br /> z��"Q�:;.� S B Y PP P P P�
<br /> ;:Y�,:;;�,�*� postponc the due date of tha monthly pnymen�s referrcd to ia paragrnphs 1 und 2 or chnnge tha amount of thc paymenta. IP
<br /> -°'.�'•.^,. , undcr puragraph 2f the 1'coperty is acquircd by L.cndcr.Borrowcr's right to uny inrumace po8cies und proreeds resulting from �
<br /> -- —. , dainage to the Propert;grlor to the�qulstslon�t�!!g�to Les�er to ihe��tent of she ss2ss��red by thi�Secasslr;Is�uuss�st � _
<br /> •�` �' ° � '�` immedistely pdor to the acquisition.
<br /> ' . 6.Occup�rtcy,Preservation,Maintenance und Pmtection o!the Praperty;Borrower's I.oan AppNcatlon;I.easebolds. —
<br /> ��� r Borrower shalt occupy.establish,and use the Property as Horrawer's principal reaidence wlthin sixry days after the executIon of
<br /> ' � this Security I�strument and shall cantinue to occupy the Praperty as Bormwer's p�incipul r�atdence far at least one year after --
<br /> � the dute of accupancy.unless Lender atherwjse asrees in writing. whtch consent shall not be unre,osonably withheld. or unles.9
<br /> . � eztenuuting cireumstanc� axist which are beyond Borrower's control. Borrower shall not destroy, damage or impair the --.
<br /> Property. allow the Property to detertornte,or commit waste on the Property. Barrower shalt be in default if any forfetture —`
<br /> � action or proceedins, whether cIvil or criminal, is begun that in i.ender's goocl faith judgment could result in forfeiture of the —�
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<br /> �� Property or othenvise mater�ally jmps�r the lien created by this Secur�ty Instntment or I.ender's r,ecurity interest. Borrower may
<br /> cura s�ch a defasslt ans!relnstste.as proYided in paraSraPh !8.by rausing tlie sctlon or proc�ing tQ!�c�ismiss�wlth a rul�g ��'�.
<br /> ' that, in Lender's goad faith determioation, precludes forfeiture of the Borrower's interest in the Property or other mateda! �
<br /> ' � „ .. impairment of the Ijen created by this Serudty Instrument or I.ender'g security interest. Borrower shall also be in dafault if = _
<br /> Borrower.durin�the loan apptication process,guve materially false or inuccurute informatton or statements to Lender(or faileci -
<br /> " ta pmvide l.ender with uny materinl information)in connection with the loun evidenced by the Note.including, but not limited
<br /> �� to. representations conceming Hurrower's occupancy of the Property as u principal residence. If this Security Instrument is on a
<br /> . leasehold, Botrower shaii comply with aIl the provisions oi the iease. If Horrower ucquims fee cic�e�o �ne rropeny. the
<br /> �� leasehold und the fee title shall not merge urtless Lender ag�+ces to the merger in wdting.
<br /> • 7.Protectton of I.ender's Rights in the Property.If Bonower fails to perform the covenants and agreements contained in
<br /> this Security Instrument, or there is u legnl procceding that may significantly affect L.endcr's ri�hts in the Property (such as a
<br /> , proceeding in bunkruptcy,pmbate.for condemnatian or forFeiture ar to enforce laws or regulations),then i.ender mny da stnd
<br /> pay for whntever is necessary to protect thc value of the Property and [.ender's rIghts in the Property. Lender's actions may
<br /> include pAying any sums secured by u tien which hac priority over this Seruriry Instrument. appearing in court, paying
<br /> • rensonable attorneys'fecs and entcring on the Property to muke repain. Although Lender may take action under this paragraph
<br /> 7.I,ender does not hnve to do xo.
<br /> • _ . ' � .. Any emnuntc dichurc�I by Lender umier th9s pura�raph 7 shsll hctiome additional debt of Horrower seeured by this
<br /> Security Instrument. Unlcss Bormwcr und Lendcr agrec to other tcrms of payment, these amounts shull bear interest from the
<br /> ' date of disbursement ut the Note rate and shall !�e payable, with intere�t, upon notirc from l.cnder to Borrower requc�ting
<br /> , payment.
<br /> 8.MoMga�e Insurence. If Lender reyuired mortgagc insur�nce�s u condition of muking the ioan secured by this Securlty
<br /> Instrument, Barrower shull pay thc pmmiums rcyuired to maintuin the mung:�gc insuruncc in effect. If, for uny reason, the
<br /> mortguge insurance coveruge required by L.ender lapses or cea�e�to be in effect, sorrower shall pay the premiums required to
<br /> � obtain covcruge substantially equivalent to thc mortgu�c intiurance previously in cffc.�t,ut u cost substautially equivulent to the
<br /> cost to Bonower af the mortgage insurunce previou,ly in effert, from an ulternate mortgage insurer�pprnved by Lender If
<br /> � substuntiully equivalent mortgage in�urunce coveru�e is n�>t uvuiluble. Borrow�r tihall puy to L.ender each mnnth a sum equul to
<br /> one-twelfth of the yearly mortgage insurance premium bcing paiJ hy Borrowcr whcn the insurance a�vcragc tupsed or ccascd to
<br /> !• be in effect. L.ender will uccept, use and retain thesc payment.a� u loss rescrvr in lieu oF nu�rtgagc insurance. Loss reserve
<br /> Form 3028 8I90
<br /> Paye 3 ot 6
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