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<br /> __ -- _ �, H�aard or Property Insuranca. Borrower ahdl kaap the improvemente now existin�or i�orafter ercotad on
<br /> � �, �• :�,,;,,:+ . � t�►e Property insured egalnst loss by tiro�hazarda included wttDin tAd terni"ejcteaded cov�ro�e"enA eny nthcr fis•uarAs�
<br /> ���,.,,;,,_.,,.,,r,, ; including tlooda or tlood{ng�ior which Lendor requirea ir►aurnnca.Thls insucanca Rhull be mointained in tho amounts
<br /> • � �.,���,�j_, � and tor the per�oda thet I.,endnr rcquires. Tha lnsurance carrier providing tha inaurance ahnll ba chosan by Horrowor
<br /> .,.,.::;t:.,. sub}act tco Londar's approvni whtoh ehell not be unret�nably aitMeld.It Borrower faile to msintsin coverage deacribed
<br /> , 'h.;i5-�''h�� above,l..enda mey�at I.ender's optton,obtatn coverege to proteot 1.ender'8 dghte in the Property tn accordance wlth
<br />- � ` . ',��1,�;:��` pnragraph 7. _----
<br /> " �`�.,°°`�"":°��"'�", AI1 lnsurnnce policles and renewals ahaU be aoceptablo w l.ender and ehail inolude a standstd mort�ege alause.
<br /> � = L.and�r shall huve tAe ri�ht to hold tha policies and reneaals, lt[.endarcequires, Borraaer eha11 promptly give to � ---
<br /> ,�. ';i�i. .�'' .�� Lor►der sll teoe�pte otp�id premtums end renewal notices.In the event of lose,Bortower sha11�ive prompt notice to the
<br />_ �- " ineurance carrier end L,ender.Lender may make proot of losa it not mede promptiy by Borrower.
<br /> � '' Unless Lender and Borrower otherwlse agree in wrlting,insurence procads ehatl be appl�ed to reatoratIon or repnIr
<br /> , ot the Propetty dameged�it the restoration or�epair ia ecoaomtaatly ieasible and Lander's seaurlty ie not lessened.It the
<br /> �^ �� restoratlon or repair is�ot economlcally feasjbte or Lender'e seoutlty aould be lessened,the�nsurance ptocads shall be
<br /> „ , epplied to the sums seaund by this Seaurlty Inatcument,ahether or not then due�aith any excess paid to Horrowec.If
<br /> �<� � Borroaer abattdons tha Property�or das not enewer within 30 days a notice from Lendor that tho lnsuretece carrler hea � � -
<br /> � ' „ � oifered to settle a olaim�then Lender may colloat the lnsncance procads. Lender may usa the roceeds to repa�r or ,
<br /> . " restote the Property or ta pay sums tsecured by this 3ecurtty Inatrument,whether or not than due.�e 3Q�day perIod aill �
<br /> % . � be g in when the notica is g tven.
<br /> � . Unless Londor and Borrower otherwise egree in artting,any application of proceeds to principal shell not extend or
<br /> ,' postpone the due date of the monthly payments referred to inparagraphs 1 and 2 or ahanga the antount of thepsymenta. -
<br /> If under paragraph 2] the Property ia acquired by Le+nder, Borrower's dght to eny Insurance policies and proceeds
<br /> � reauiting trom damaga to the Prap�rty prIor to tho acquIsition shat!pass to Lender to tho oxtent of the auma t�cured by __
<br /> -- � '� -" �----�- this Seeuricy Inssrumans immediasely� prior to the acquisitiun. =->�-
<br /> , 6.Occupancy�Presarvalloa�Malatenaace and Froteation oi the Property; Horrower's Losn Applicatloa;
<br /> Leaseholds.Borrower shall occupy,eatabliah,and use tha Property as Borrower's pr�nctpal residence withln sixty daya ii��!°-._.
<br /> aiter the execution of this Secuttty Instrumenic and shall coatinue to occupy the Property es Borroaer's principal =-
<br /> residence for at least one year atter the date of occupancy,unles.a Lender othetwise agrees in wr�ting.which consent ehaU !:"'
<br /> . not ba unreasonsbly aithheld,or unless extenuating circumatances oxist which are beyond Borroaer's control.Borrower
<br /> shaU not destroy,demage or impair tha Property,allow tha Property to deteriorate,or commit weate on tha g'roperty. �,_
<br /> " � Bonower shall be in default if any forleiture action or proceeding,whather civil or criminal.ie bagun that in Lender's —
<br /> good iaith judgment could msult in forPeiture oi the Property or otherwise materielly impair the lien cr�ated by this
<br /> , Securlty Instrument or Lender's security interest. Bormwer may cure such a default and retnstate. as provIded in
<br /> paragraph 18, by causing the actton or proceeding to be diam�ssed aith a raling that. in Lender's gaod tatth ___
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<br /> - = determinatian. �reclud�farieiturc ai the Barroa�er'�imer�t in the t'ropersy or other msterFa!imgatrmPnt oi thP lien -"-
<br /> �:.' created by thia Security Instrument or I.ender's security interest.Borrower ahall also be in default if Borroaer�during
<br /> the loan application process, gave matRSrielly false or inaccurate in4ormation or atatementa to I.ertder (or falled to
<br /> provide Lender with any material information)in wnnection with the loan evidenced by the Note,tncluding,but not �
<br /> limited to, representations concerning Borrower's occupancy of the Property as a principal tesidence. If thie Security �=-
<br /> InstrumPnt ison a leasehold,&,crowsr shatl comply with all the provisions of the lease.If Botrower acqui res fee title ta -°_-''=n
<br /> the Property,the leasehold and the ieC�iilc ahaii nui mcrgc uidr�I.c�idor sgrcc�i�tlio mo�ga iu w i itii�g. ���
<br /> A�__.
<br /> 7. Protectioa of Laader's Rights in the Property.If Bonower fails to perform the covenants and egreements �i+-�
<br /> . contained in thia Security Instrument,or there is a legal proceeding that may significantly affect L.enders righte in the 5:'�,��,.
<br /> Property (such es a proceeding in bankruptcy. probate, for condemnation or lorteiture or to enforce lawe or �•�:-.
<br /> - regulations),then Lender may do and pay for whatever is necessaty to protect the value of the Property and Lettder's ���:
<br /> rights in the Property. Lender's actions may include paying any sums scxured by a lien which hae priority over this
<br />_ Security Instrument,appearing in court,paying masonable attorneys'fee.s and entering on the Property to mnke tepaire.
<br /> Although I.cnder may take actian under thia paragraph 7,Lender does not have to do so.
<br /> Any amounts disbarsed by I.ender under this paragraph 7 shall become additionel debt of Borrower secured by this
<br /> Security Instrument.Unless Borrower and I.ender agree to other terms of payment,these amounte shall bear interest
<br /> irom the dateof disbucsement at the Note rate snd shal!be payable,nrith interest,�pon notice from Lende.r ro Aormwer
<br /> requesti ng payment.
<br /> 8. 114ortgage Insurance.!f Ixnder required mortgage insurance es a condition of making the loan secured by this
<br /> Security Instrument,Borrower shall pay the premiums required to maintain the mortgage insurance in etfect.If,for any
<br /> reason, the mortgage insurance coverage required by I.ender lanses or ceasess to be in eftect, Borrower shell pay the
<br /> ' premiums required to obtain coverage suhstantially equivalent to the mortgage insurance previously in eftect.at a wst
<br /> substantielly equivalent to the cost to Horrower of the mortgage insurance previously in effect, from an alternate �
<br /> mortgage insurer approved by Lender. Ii substantially equivalent mortgage insurance coverage is not available,
<br /> Borrower shall pay to Lenc�er each month a sum equal to one-twelfth of the yearly mortgage insurance premium being
<br /> paid by Borrower when the insurance coverage lapsed or cra�sed to be in effect.I.ender�vill accept,use and retain these �
<br /> paymenys as a loss reserve in lieu of mortgage �nsurance. I.oss resen•e pa�•ments may no longer be required, ,
<br /> Form 90Td 9I90 I
<br /> ., f�-6R(NE1�o�oaxo+ o.y.�e�s t��uets
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