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<br /> - 94- 1020��►
<br /> �.yra,rn�tiu
<br /> �� '�'''"�.�.,_-.-„� S. Hazurd or Propcety In�uruncc. Bonawer shull keep the improvementa now existing �r hereafter erecte� on the
<br /> �; Praperty insured egainst losa by fire. hazarda includaf within the term "extended coverage"and any othnr hnzarda, including
<br /> tlaods or flondin9, for which Lender requires insurance.Thls insurance shalt be maintained in the emounts and for tha periods
<br /> -- that I.ender requirew.The lnsuranco can�ler provlding the insurance shall be chasen by Borrower subject ta Lender's approval
<br /> _ - which shull nat be unreusanably wlthhcld. IP Horrower fails to mairttnin caverage descdbed above. Lender may. st L.eader's
<br /> � option.obtain coverage to protect i.erider'x righta in the Praparty in accordance with paragrnph T. - - -
<br /> All inaurence pc�licies unJ renewuls shail ba aoceptable to I.e�ier and shal! lnctude u standard mort�age clause. L�nder �-- _
<br /> �' shsll hnve tha rlght to hald the palIcles and renew�ls. IP I.ender requires.Borrower shall promptly give to I.cnder s�il receipta of
<br /> ' ,' ...�:��.�,.� paid premiums and renewal notices.In tf�e event of loss,Sorrower ahall give prompt nadce to the insuranoe canier and Lender.
<br /> ' �"s'�� Lender ma muke roof of loss if not made mm d b Borrowar.
<br /> .. �:r,;,,��'.. • Y P P P Y Y
<br /> ''�,f;,t'•��.,�,_' Unless l.ender end Borrower otherwlse agree In wrlting.lnsurance procePds shall be applied to restoratton or repair of the
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<br /> '- "� Pro rt dama ed.if the restoradon or re air is economicall feasible and I.ender s securl is not lessened. If the restoratton oi
<br /> ::,.,�.�'':•-'.•.�:r• Pe Y S P Y �' —
<br /> ;h ; �'...�;:F La;, repair is not economicaHy feasible or Lerider's Recurity would be lessened,the lnsumnce proceeds shap be applled to the sums a-- - _ -- -
<br /> '�'�� ��.������`"�'�. secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If Borrower abandons the -_v _
<br /> s�= �. . � '� Property.or does not answer withln 30 days a notice from Lender that the tnsurance carrIer has offered to settle a claim,then __
<br /> �� }�` • ` � . � I.ender may callect the insurance proceeds. Ixnder may use the proceeda to repafr or restore the Property or to pay sums =..,_
<br /> � .. secured by this Security Insnument,whether or not then due.The 30-day QerIod wip begin when tha notice is given.
<br /> � Unless L.ender and Bonower othenvjr,e agree in wrlting, any application of praceede to prtncipal shall not extend or ��:�.�-
<br /> t. P's�.::-_ —
<br /> . �� : postpone the due date of the monthly payments referred to !n paragraphs 1 and 2 or change the amount of the payments. If �•y--
<br /> � �" under ara ra h 21 the Pro is uired b l.ender,Bonower's rlght w any insurance licies and roceeds resultln from a-� °-
<br /> �_,..__......���•.:: P 8 P PertY �1 Y P� P 8 �`'`_.�ur
<br /> , damage to the Property prior co the acyuisiiiun ehali pa�a tu Lc,nier to tha axte�t of the sums�ccared by ihis.",r.cur�ty Instrumcnt Y� --
<br /> .. � • ,, immediately prtor to the acquisltlon. " �'-=
<br /> 6.Occupancy,Preservation,Matntenanre and Protection of the Property;Borrower's Loan Application; Leaseholds. �. �`�' `
<br /> Borrower shall occupy. establish,and use the P�operty as Borrower's pr�ncipal residence wjthin slxty days after the execution of ��
<br /> � � this Securlry Instrument and shall continue to occupy the Property as Bonower's pr�ncipal resldence for at least one year after �.i4�''--
<br /> • the date of occupancy, unless I.ender otherwlse agrees in writing,whlch consent shall not be unreasonably wlthheld,or unless "�'• � �r`'T.
<br /> ` ' extenuating ctrcumstances exlst which are beyond Horrower's control. Borrower shalt not deatroy, damage or impair the ��,��r`=-=
<br /> Property. allow the Property ta deteriorate.or cc�mmit waste on the Property. Bonower shall be in default if..ny forfeiture _
<br /> action or proceeding,whether civil or crlminal, is be�un that in I.ender's good fa�th judgment wuld result in forfeiture of tha • pr:�'�=
<br /> • Property or othcrwise matcriaUy impair the lien cre�tted by this Securiry Instrument or I.ender's security interest,Borrower may `:Y�
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<br /> cure such a defauit and reinstate,as provided in patagraph lts.by causins the accion or proceeding io be Jiunis�ai witii a rufiub " '
<br /> that, in I.ender's good faith detcrmination. precludes forfeiture of the Borrower's interest in the Property a other material —.
<br /> � impairment of the lfen created by this Security Instrument or L.ender's sccurity interest. Bonower shall also be in default if
<br /> � ' Borrower,during the loan applicution process,gave materiaUy false or jnaccurate information or statements to l.ender(or failed
<br /> to provide L.ender with any materiul information)in connectfan with the loan evidenceci by the Nate,including,but not limited °
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<br /> -. .... to.representutions concerning Bonower's occupancy of the Property as a principai residence.If this Secudry Instrument is on a
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<br /> . � � leasehold, Bormwer shall comply with all the provisions of the leASC. If Borrower acquires fec titte to the Prope»y, the -�-'-� ���_
<br /> • leasehold and the Fee titie shall not mcrge unless L.ender agrees tu the mcrgcr in writin�.
<br /> 7.Prutection of I.ender's Rightls in the PropeMy.If Bonower fails to perform thc covenants and agreernents contained in ��"-`�
<br /> � this Security Instrument,or there is a tegul proceeding that may significantly affect L.ender's rights in the Property(such ac a � �� �!_
<br /> proreeding in bankruptry,probate, for condemnution or forfeiture or ta enforce lnws or re�ulations>,then Lender may do and •*�,s,:
<br /> a for whatever is necessa to rotect thc value of the Pro rt and Lender's ri hts in the Pro rt Lender's actions me �t='�"
<br /> _ P Y *Y P Pe Y B Pe Y• Y � .ti��,;�
<br /> include puying any sums secured by a lien which hrs priority ovcr this Security Instrument, appearing in court, paying .�.=�
<br /> � rcasonable nuorncys'fees and entering on the Property to muke repairs. Aithough Lender may tukc action undcr this paragraph r ,.,�ti.
<br /> , 7,Lender does not have to do so. �
<br /> - Any amaunts disburscd by Lcndcr undcr this paragraph 7 shall become additional deht of Horro�ver secumd by this �-:. ��
<br /> Security Instrument. Unlcss Bnrcower and I.ender agree to other terms nf puymcnt, the+c amounts shalt bear interest from the ' �
<br /> dste of disbursement at the Note rate anJ +hall be puyable, with interest, upun notice from Lender to Bormwcr requesting " .
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<br /> payment.
<br /> 8.Mort�a�e Insuranee.If I.ender reyuired mortgu�e in,urunre us u canditicm i�f n�aking the loan secured by this Security •
<br /> Instrument, Borrower shAll pay the premium, rcyuired to m�intain thc mongugc insurunre in effect. If, for any rcason, the
<br /> monga�e insurunce coverage required by L.ender Ispses or ceuses tu hc in et'fert, Burr<�wer�hull pay the prerniums required to �
<br /> obtain coverage substnntially equivalcnt to thc mortgagc insurancc prcviouxly in effcrt,at a ro.t tiubstuntially equivalent to the •
<br /> cost to Bonower of the mortgage insurunce previ��usly in effect, fr��m un alternutc mortgugc inxurer upprovcd by Lender. If
<br /> substandally equivalent monguge insurance rovcragc is not uvuiluble.Borrower shall pay te�Lcnder cach month u sum cyual to
<br /> onc-twclfth of thc ycarly mongugc insuranrc prcmium bcing paid by Borrowcr whcn thc insuruncc c��vcruge lap�ed or ccatieci tn
<br /> ; be in effect. L.endcr will accept,usc und retuin these puyments ax •r loss rescrve in liru of mortgugc in�urunce. l.otis rc�erve
<br /> , Form 3028 8190 `
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