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<br /> =, - S. Ht�.ard or Property Insurance.Banawer shall keep the improvements now existing ar hereuRer erecteQ on the �_r___ �_, _
<br /> i K _��,� , Property insured against [oss by fire. hu•r.ards included within the term"extendcd coverage" und Any ather hazurds.including
<br /> flaoda or llaading,far which L.ender requires fncurance.This inaurancc shall be muintAined in the amaunts and fur the pertode
<br /> � � that Lender requi�es. The insurnnce cArrier providing the insurance�haU be chosen by Honower subject to Lender's approval
<br /> - '�• • ` = which shu11 not be unmusanably wlthheld.If Borrower Pails to muintuln coveruge described abo�•e. Lender rrwy. at L.ender's
<br /> • aptian,abtain rnverage to protect L.endcr'�dghts in the Property in accardunce with parngraph 7. � �
<br /> • �"`�-^��°�=�^ All imur�nce pc�liciec and renewnl� shall he acceptsMe to l.ender end tihaQ include a�tandard mnrtgage clause. I.ender � - --- .- _._ _
<br /> ;'' shull havc the right to hold the palicie5 artd rencwuls. If Lender requires,Barrawer Fhall promptly give to I.ender al!receipts af
<br /> ' ' �.:..;�±� _:-:•���.�?'+-�,� paid premiums and renewul natices.In the event of loss,Borrower�;hali give p�ompt nottce ta the insurAnce carrier and I.ender.
<br />- • �°�:�'�'°•:'• � [.ender may make praof of loss if not mode prompdy by Banower.
<br /> �`=`a!'`� `' .� + Unless Lender and Borrower otherwise agrce in writing,insurnnce proceeds shnll be npplied t�restoration or repelr of the
<br /> ' ' if!•,_:: � ' �� Property damaged,if thc restoration or repair is ecanomically fcasible and[.ender's security is not lessened.lf the restoration or
<br /> • ��' `'• '. repair is not econamicafly fensible or I.ender's xecurity would t+e les�ened, the insurance pmceeds shall be applied ta the+�ums �-v,__
<br /> "'�� �• ' securcd by this Securlty Instrumcnt, whethcr or rx�t thcn due, wkh nny excess pafd ta Borrawer. If Barrower abundons the
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<br /> i . . Property,or does not nnswer within 30 duys a notice from Lender thnt the insurance currIer hac offered to settle a claim, then
<br /> � �, . L.ender muy collect the insurance procceds. I.endcr may use thc proc:eeds to repuir or restore thc Property ar ta pay sums
<br /> . securcd by this Security Instrument,whether or not then due.The 30-duy periad will begin when the notice is givcn.
<br /> .. .a. Unless L.ender and Banower otherwise agree in writing, any application of proceeds to princIpal shali not extend or
<br /> postpone the due date of the monthly puyments referred to in puragraphs 1 und 2 ar chnnge the amount of thc payments. If
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<br /> _ :-=-'.--_----•---- under p:sragr;eph 2! the Propetty� ts:tcyufrcx!by�LcnJcr.8orru�s-er's right to a�Zy Insuranee palicie:.scid procea3s resulting from ----
<br /> , ' •� dama�e to the Praperty prior to the ncquisition shall puss to Lender to the extent of the sums secured by this Security Instrument _,
<br /> immediatcly prior to thc acquisition. ---
<br /> � 6.Occupancy�Preservation.Maintenance and Protection of the Property; Borrower's Loan Application; Leaseholds. �;t�=—
<br /> � . . Barrower shall accupy,establith,and usc the Praperty a�HoROwer's principal residence within sixty days aRer the'cxecutian af �=�
<br /> • . this Security [nstrument and shall continue to ixcupy the Praperty as Bnrrower's principul residence far at least one year after �:�'�
<br /> � ` the dute of occupancy,unless Lender othenvisea�rees in writing, which consent shall not be unreasonably withheld,or unless �i;�;•�_
<br /> „ „ extenuatin� circumtitAneeti exist which ure beyanJ Bnrn�wer's contrc�l. Borrower shuit not destroy, dama�e or impair the :,. ;��:,.
<br /> ' Property, allow the Pmperty to deterioratc, c�r cc�mmit watite on thc Property. Borrower shall be jn dcfault if any forfeiture ;�. �t��=
<br /> ., uctinn ar proceeding, whether civil or criminul,is begun that in Lender'�gocxl fuith.judgment could rexult in farfeiture of the ' ',3�';,:`��
<br /> ' � Propeny or otherwixr muteriully Impair the lien creutcd by this Scruriry Instrument c�r Lender's securiry interest.Borrowcr may
<br /> --- �- � __-= cure such a dct'auit and refnstatc,a� roeidcd t n ara ra h J8,b•causin thc actian nr rocccdin to bc di�mis;r,�with a rulin ����":�
<br /> P P � P 1 � P � �
<br /> that, in I.endcr's gaod'faith determination, prccluJes forfeiture of the Borrowcr'+ iaterest in the Property or other mAterial � �
<br /> • impairment of the lien created by this Securlty Instrument or Lendcr's sccurity intcrest. Borro�ver shall also bc In default if • �i` .
<br /> Borrower,during the laun applicutian process. guve materially fulse�r inaccurute informution or statements to[.ender(or failed
<br /> ` to provide I.ender with uny muterial infornmtiem) in connection with thc loun evidenccd by thr Note, including.but not limited
<br /> to, repre+entutions concerning Borrowcr's �xcupancy of the Property u+u principal re�iJence. H�this Security Instrument is on a .
<br /> leaschold, Borrowcr tihall camply with ull thc provitiionti uf thr Icase. If Bnrrowcr acquires fcc tidc to the Property, thc .�
<br /> � • Icaschold And the fce tide shaU not merFc unlc�s L.encfcr agree�t<�the mcrgrr in writing.
<br /> 7. Pmtectton of I.ender's Ri�hts In the Propert��.If Horrower fuiiti to perform thc covcnunts und agrecments contuined in ' � �:;,,; �
<br /> this Security Instrument, ar there iti u Icgui prcxceJing thut muy si�niticnntly uffect Lender's rights in thc Property (xuch uc a - :; ..,� :�
<br /> �� proceeding in bunkruptcy, probate, for ci�nJernnutimi or fo�feiture cir tu entiirce luws ur regnlutions), then Le�nder may do und ����'y�����
<br /> � pay for whrtever is necessury to prc>tect thc value uf thc Property uixi l.cndcr'x rights in the Property.L.cnder's uctions may .,�?�
<br /> include paying uny swns secured by a licn which hati priarity �>ver this Scrurity Intitrumrnt, uppearing in court, puying •�`� '"�'
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<br /> .. rcuwnuble uttorncy�' fces und entcring on tlu Pro�xrty to makc repuir,. Ahh��ugh l.cnder may take uctian under this pura@ruph . �
<br /> 7. I.ender dne�nat have to dci ao. . . ,
<br /> • , Any amuuntti disbursai by Lendcr under thiti purugruph 7 shrl l Ixrcmu udditiunul debt of HoROwer xcurcd by this . '• ,��
<br /> ' Sccurity Instrumcnt. Unless BcuroH�er and IxnJcr agrec a��nhcr ternn c+f puyment, thesc vmountti �Ii,�il bear intcrest from thc �
<br /> dute of dishur�cment ut the Note rutc mid shull lx puyublr, with intrrest, up�m rn�tirr from Lendrr to Borrower rcquesting "
<br /> payment.
<br /> S. M1tort�u�e insurnnce. If IAndcr rcyuireJ nwrtgagr in+urancc a.a rondition�,f muking the lo;in,crurcd hy thix Sccurity �„ '
<br /> Instrument. Bc�rrower xhaU puy the prcmium. reyuircd t�� muintain thr m��rtgagr insurancr in effect. If, firr any reusem, thr � � .
<br /> mortga�c insuran�c covrrage rcyuired hy I.endcr lapse.ur cea�rs to l+c in cffcrt. fi�irruwrr.hall pay the premiwm rcyuired to
<br /> obtain rovcragc�uhstantiully eyuivalent te�thc mongu�c intiurunrc prcvioutily i�i cffcrt, at u cn,t xuh�tuntiully cyuivulcnt to the �
<br /> cost to Rorrowcr of thc mi�rtgage insurunce prcvioutily in ct'fcct, frum an altcrnutr mortgugc in,urcr uppmv�d by l.cndcr. If
<br /> suhxiantially equivulrnt mortgage imurancc rc�vcr:ige i,not uvuiluhlc,liurrcia•rr�hall pay tu Lrndcr uach mnnth�.um cyual to +
<br /> . one-twelRh c�f thc yearly mortgage in�urance�+remiwii heing puid by &�rruwcr�vhen the in.uranrr re�veraEe Iap�eJ e�r ees��cd tc� �
<br /> he in eftcct. L,cndcr will accrpt,utie unJ r�tain thesc paymcnt.a. a lu« re�crvc in liru of nwrtgagr insuruncc. I.u.rs rc�ervc �
<br /> Form 3028 9/90 �
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