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<br /> =--��a'�''�� S. Haznrd ar Pruperty insuronce. Barrawcr shall kccp tho impre►vementa now existing ar hercntler erecteci an the
<br /> - - Praperty {nsurcd against loss by flre,huznrdc included wlthin the tcrm "extendc�f covernge" and any other huxanix. includin�
<br /> — ficx�ds ar ftaading,tor which Lender reyuirev i�surunee. Thix insurnnco Fhull be mnintainai in thc amountR and for tho per�c�ds
<br /> . that l.ender requinw. The insurnnce cu�rier praviding the in�uramce xhull be chosen by Aonower �ubJect to l.ender'R appmvai
<br /> __ __________________ which Khnll nat be unreasanubly withheld. If 8c�rmwer fail.r w mufntuin caverage described stbave, l.ender may. ut Lcnder'x
<br /> . :� aption.abtatn caverage ta pratect I.cnder's riglitx in the P�operty in uccaMance wlth puru�rugh 7. 'c -
<br /> y .s Ap insurnnce polictes und renewats shall be ucceptabto tu I.ender iu�d nhull include u�tanduM martgugu ciuusc. i.�:ndcr - -
<br /> �;` shull huve the right w hold the pollcies und renewuls.If i.ender requfres,Borrowcr shuit promptly give tn I.cnder all c��refptx of
<br /> p:�id premiumA und renewnl notices. In the event af lass, Bnrmwer shnll givc prumpt naticc ta the insumncc currler and I.ender.
<br /> - l..ender muy muke prouf af lass if nat mude promptly by Bonower.
<br /> �� ``' �`' �' Unle�s Lender und Borrower otherwise u ree in writin ,insurnnce raceeds shall be u licd ta restorutian or re r�ir af the
<br /> � �r:n1.x`i� �� • s 8 p PP • P
<br /> ' ��'°• �' Pmperty damnge�,if the c+estoration or rcpair is econnmicully fcusible und L.ender's security is not Iesscned.If the�cwtarntion or
<br /> '�+'���+���,�:.'�, repair is not economically fcusible or[.ender's security wauld be Iessenaf.the insuruncc praceeds shaU bc appifec ta the sums � ---
<br /> �•'�" ``��:: r secured by this Security Instrument, whethe�or not then due. with any excess paid ta Honower. If He�rrower abandons the =- ___
<br /> , �?�`�'��;'' �' �� P�operty,or daes nat anawer wlthin 30 dayti u notice from I.ender thut the insurunce carrier hus offeted to setHe a cluim.then `-— _
<br /> � ��� �� �� . Lender may collect the insur�ncc pracexds. I.ender muy use thc prcxeocis to repair or restam the Praperty ar ta pay xums _ •-
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<br />� ;. � � `•E secured by this Secu�ity I�strument. whetber or not thcn due.The 30•duy periud will begin wh e n t h e n o t t c e 1 6 g i�e n. "`•? _�_-
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<br /> ' " `• � � �w• �• Unlesc Lender und Borrowcr otherwtse ugree in wrlting, any applicatian of proceeds ta principal shull not extend ar :-:_°==_=
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<br /> ' � _`:•�'f` ct ne the duc date of the monthl u mentc re.ferred to in nrn ru hti 1 und 2 or chun c the amount of thc paymcnts. If _�!,'���'=��.
<br /> .-- : f�� tK' Y P Y P S P � !� -
<br /> � ' �� under parngruph 21 the Property is acquired by I.ender. Borr�wer's right ta uny insurnnce policies and pracceds resulting from •� �
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<br /> - '#-�— '� ^''�^� damage to the Property prinr to the acquisition shAll p�.�s to L.ender to the extent of the sums secured by this Secunty Instrument
<br /> �� ; • immediately prior ro the ucquisition. � -_ _ .
<br /> 6.OccuNancy.Preservation,Malntenance and Protectton af the Praperty; Harrower's l.aan Application; I.eaFeholds.
<br /> Borrawer shull occupy,establish,and uye the Pr��perty us Bonower's principal residence withi�stxty day�:�(ier the execution of .. _ _
<br /> • � `�+ � this Security [nstrument and shall cantinue ta accupy the Praperty u+Borr�wer's principul residence for at Ieust one year nfter , �' , -
<br /> ` • the date of accupuncy,unless I.ender otherwise agrees in writing. which ennsent shatl not be unreasonably withheld,or unlesti , -----
<br /> • extenuating circumstances exist which ure beynnd Bormwcr's camml. &�rrowcr xhull n��t destroy, damagc or impuir thc • �r�==_;
<br /> ' Property, ullo�v thc Praperty to deteriorate, c+r commit wastc on ihc Property. Borrower shnll be jn default if uny fnrf'eiturc • •`•
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<br /> �• action or proceeding, whether civil or criminul, is begun thut in l.ender'ti gaod faith judgment could result in forfeiture af the ���, �•�-
<br />___, _^ Propeny or othcrwlse materisllv impair the licn crcuted bv thiti Scrutity Instrument or Lender's security intcrest.Borrower may - :� �'
<br /> ° cure�uch a defuult und rejnstute,as providec!in parngrnph 18,by causing the uction or proceeding to be dismissed with a ruling
<br /> that, in I.ender's g��cxi'fuith detcrminution, prccludcs forF�iturc of the Borrower's intcrest in thc Property ar other matcrtnl
<br /> impairment of the lien crented by this Security Instrument or Iw:nder's security interest. Borrower shalt alsu be in defuult if
<br /> ; Borrowcr.durin€thc loun uppliraticm pr�xesti,guvc muteriully fuhc or inaccurute inforniutiim c�r statemcnts to L.endcr(or failed <� „
<br /> to provide L.ender with any mutcriul infiirmution)in conncction�vith tlu lciun evidenccd by the Nnte,including,but not limitcd ,;t �
<br /> ' . . ._ to. repre�entationc rnncernine Hc►rrower'ti�xcupunry of the Pronerty uti u principal residence. If this Securitv Instrument is nn u '�� '�
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<br /> ' '" teasehold, Bormwer shall comply with ull thc provitiiom of thc Icusc. If Borruwer acyui�es fec title to the Property, the '`«;`
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<br /> leasehold und the fce title shull not merge unle�s IAnder tigrec�to the mergec in writing.
<br />' " 7.Protection of I.ender's Ri�hts in the E�roprrty. If Borrowcr fuilti to perform thr covenunts und u�rcemcntti contaiacd in ;T� .
<br /> this Securit In.trument, or there i�a!e ul rekeedin that mu �i niticuntl uffert Lender'.ri htti in thc Pro rt (such as u � ,;i �'
<br />�•• Y F P �' Y • 1� Y � P� Y r ' ,
<br />��; pnxceJing in hunkruptcy,prubate, for cundcmnation or(orfciturc or tu enfi+rcc law�c�r rc�uluticros),then I.ender may do and � „��Y
<br /> " pay for whatcver is neces,ary tc�pr�xcrt thr vuluc of the Propeny und L.rnJrr's right+ in thc Prap�rty. l.cndcr's actions muy "�•`,�:��
<br /> � includc a in� an tiumr ticcureci b a licn which hati riarit �rvrr thi� Scrurit In.trununt, u urin in cuurt, a in� °
<br /> P'Y� b Y Y P Y Y PP� � P'Y b �, ��. .
<br /> - • rcasonublc attorncys' fce.and cntc�ing un thc ProJxrty to makc rrpuir,. AlthougB l.cndcr muy tukc action undcr thi,parugruph � •� _
<br /> 7,Lendcr docti not havc to do xo. �'
<br /> ' Any u�nouma disburxed by Lender undcr th�. paragrliph 7 �huU heromr udditiunul deht i�f Qorruwcr +crured by thia , - '° ��'`
<br /> " Scruriry Instrumrnt. Unlcs�Barmwcr anJ Lendrr ugrec tu uthcr term+uf paymcnt, thc.c am��unt+ �hsll lxar intcrest from thc �
<br /> date of dishurscnxnt at thc Notc rutc und .hall hc payablr. with interr�t, upun notic� fr��m I�nder tv Bormwer rcyuc.ting � : '.' -� _�
<br /> . paymcnt. �'.
<br /> . : S. bfort�a�c Insuruncc. If L.cndcr rcyuir��f murtgugc in.uranrc u�a ronditiun��f making thc Ic�an ticcureJ by this Sccurity ( ..}
<br /> Instrumcnt, Borro�vcr �hull puy the premium� myuircd to maintuin thr mnrtgage inwranrr in eff'ect. It',for uny rcu.�on, the l -
<br /> � mnrtg�gc insuruncc rocrrugc rcyuircd hy Lender litp�c�irr cc�sc� tu t�r itt cffrrt. Ei�irruwcr�hall pay the prcmiunn rcyuir��i to I -
<br /> � , obt�in coverage aub•tantially equivulent t��the monEagr in.ruranrc prr��iuu,ly in etTect. at a ru.t ,ub�tantially equivulent to the
<br /> . . cast to &�rro�vcr of thc rtx�rtgugc insurunrc prr�•iou.lp in cfl'cct. I'rum un altcrnatc mu�gagc intiurcr appr��vcJ by l.endcr. It ,
<br />_+ substantially cyuivalcnt mortgugc insurunrc covcr.igc i. not a�•ailahlr. Burruw•rr.hull pay tu Lendcr carh m�mth a+um cyu:d tn �
<br /> ?' ' ' anc-twclRh of thc ycurly martFugc imuranrr prrmium hcing paid h�� fiorruwrr w•hcn thr in+urun��cuvcragc lap.rd ur rra.�tl tu �
<br /> ; ''� be in effect. I.ender will ucccpt.uti�.md retain the�e p:q•nxnts:�� a lu�� rr+en�r in liru al' murtguge in�uranrr. l.u�� re�crec j
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<br /> � Form 3028 9/90 �
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