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<br /> ;� S. Hazard or Pt�uperty Insurance. Barrower shall kecp the imptovemems now exlstfnB or hereafter crerted on the
<br />- ' Property lnsured against Inss by fire. hazards included withtn the term "extended coveru�e" a�d r�ny other hawrds, includtn� wx�-_---•�-...:-.-...
<br /> ��H' flaads or flcwdin�,for which L,endcr requires insurancc.This lnsuau�ce shull be maintained in the umounts and far the periods
<br /> ���� thnt Lender requires.The insurance carrier providing the insurance shall be chosen by 8arcawer hubject to [.ender's oppmval
<br />_ . �,,..ti;,..� which shall nat be unreusonubly wlthheld. If Borrawer fails to mnintuin covemse described abave. Lender tnuy, ut l.ender's _ -�--
<br /> = aption,obtain coverage ta protect l.ender's rights in the Property in uccordunco wjth pum�rnpb 7. __ �
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<br />� � t.. . _ AII insurance policies and renewals shull be Acceptnble to L.ender And shall include a standurd mortguge clause. L.ender ,,,,,,,
<br /> "'`�"��° "'' Shall have the ri ht to hold the I�c�ea�und renawu{+.If Gender re mce,.Borruwec c,huU ruiu tl we to Lender all recei tn uf �� -� -
<br /> ; -a. � . � P�� � 9 � P P Y 8� P - - --
<br />_ � » paid premiums and renewel notices.in the event of loxs.Borrower shall give prompt notice to the insumnce corrier A.nd I.ender. _.__
<br /> " � ' "'"`• Lender may make proof af loss if not made promptly by Borrawer. �?^�-
<br /> � -;�y �:�-,;'•�j. �;, Unless L�nder and Borrawer atherwisc agree in writing,insumncc praccecis shall be applia!to rectoration or repair of the �±�:�-
<br /> ' Property dumuged,if the restoratian or repuir is economically feasible and L.ender's securiry is ncit lessened.If the restorntion or . -;-____
<br /> , �,: , . , re a��is not economiwll fea.9ible or L,ender's securit wauld be lessened, the insurancc raceeds shall be a lied to the sums �,s`-�
<br /> P � Y Y P PP • '•..3,:y'=--
<br /> ��° ��' � ; ' '` secured by this Security Instrument, whether or not then due. with any excess paid to Borrower. Tf Barrawer abar�dons the �� '' "`"�-�� ° -
<br /> �# ' `F Property,or does not unswer within 3�dnys a notice From Lender that the intiurxnce carrier has offered to setde a cluim,then }s'*`��W_
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<br /> �" L.ender may rnllect the insurence proceeds. Lender may use the proceeds to repaIr or restore tl�e Property or to pay hunis "�°'''��
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<br /> • .. secured by this Security Instrument,whcther or not tben due. The 30-duy period will6egin when the notice is�iven. ,,•--:�-
<br /> ;, _ Unless Lender and Borrower otherwise agree in writing, any application of proceeds to prfncipal shall not extend or "" -,--._
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<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and ?or change the amount of the payrnents. Yf � -=`-�°-
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<br /> • ' � under pamgraph 21 the Property is acyuired by Lender. Borrawer's right to uny insurunce policies nnd proceeds resulting from � : �-•�� -•
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<br /> - � ^'`�` - -- dsunage to the F'roperty pnor ta the ucyutsition shufi pass ta L.ender to the cxtent af the sums securai by this 5ecuriry Inurument - - °
<br /> if immediatel nor ro the ac uisition. ^ "'���
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<br /> 6.Occupancy,Preservallon,1llaintenance and Protection of the Property; Bormwer•s l.uan Application; I.ea.seholdv. ' , „ � •-;_
<br /> .• Bonower xhall occupy,establish,and u�e the Propeny uti Bonower's principal recidence within sixty days aRer the execution of . ;::���;,;—
<br /> ' �> ' � thia Security In�tnimcnt and shall continuc to uccupy the Property ar Borrower's principal residenre for at least one year aftcr ` :,:�;,,
<br /> ° � • the date of accupancy,unless I.cnder atherwi+e ugrres in writin�,which consent +hull not be unreu.sonubly withheld, or unlcss :ti�:�
<br /> ' extenuating circumstances cxist which ure bcyond Bonower's rontrol. B��rrower shall not destroy, damage or impair the • � -� -
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<br /> ° Property. allow thc Praperty ta deteriaratc, or cnmmit «•ustc on the Propeny. Borrawer shall be in defuult if any forfeiturc ; �
<br /> . action.�r pr.xeedin�,whether civii or criminAl, i, f�gun that in I.ender's g�x�d fuith,judgment cauW rcsult in farfeiture af the , ��'ti
<br /> � Pro ert or othernise materiall �m air the lien created h this Securit [n�trument or Lcnder's securit interest.Borruwer ma '" ��
<br /> P Y Y � P Y Y Y Y �..�
<br /> cure such u detuult and reinstate,as provided in paragrnph IS,by causing the uction ur proceeding tn be dismissed with a ruling �
<br /> - —�„ t hat, in i.en dcrs go o d Yait h detcrminatian, prectu des torte�turc ot the Horrowcr'ti �ntcrest �n the Pmperty or other mater�al
<br /> impairment of the lien created by thi�Sccuriry In�trumcnt ur I.ender'. security interc+t. Borrower shaU also br. in defuult if , ; " .f
<br /> �� ;t,, &�rrower,during the loan appliratinn pmcetis,guvc materially Tal�c or inuccurate informution or statemcnts to I.cnder�or fuiled '
<br /> �� to ptovide L.ender with any muterial infnrmatianl in connecti�m with the luan eviJenced by the Nrne, includin�,but not limite,�i � �' '�'
<br /> to,representations conceming&�rrower'�cxcupanr��nf the Propeny a�u principul retiidence. If this Security In+trument i�on a :`i��
<br /> Iea.+ehold. Horrower shall comply with uU thc provi.ium uf the Ieasc. !f Borrower acyuires fcc tidc to the Property, the `�
<br /> � Ieasehold und the fee tiQe shull not mergc unle»Lender ugrce,tu the merger in writing. .�'r
<br /> . '' 7.Protection of I.ender's Rights tn the Praperty. 1(Borr�+wer fails to perti�rm the covenunts and agreements containcd in ' '
<br /> this Security Instrument, or therc i�a legul prcxeeding that may signifi�anQy uffect Lendcr', rights in the Pruperty (tiuch us a ���' ;�
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<br /> � prneeeding in bankruptcy,prc�bate,ti�r c��ndemnati�in�ir ti�rfciture c�r to enti�rce law.or regulatiom),then Lender muy do und ., � ��!��
<br /> puy tor whutcvcr i. ncce++ury to prutcct thc vuluc a(thc Pmperty and Lcndcr'ti right.in thc Property. I.endcr'. action+may � �
<br /> include paying uny sum. secured hy a lien whirh ha. priority ��ver thi� Srcurity (n�trument. appearing in rourt, paying �jf�
<br /> . rca.�nnable utwmcy�.'fec,anJ cmering on thr Pruprny co make repair,. Although lAndcr mxy take uction undcr thi�paragraph � �, .� �
<br /> ' 7,l.�:ndcr dcx�not havc tu do�o. ' 'i
<br /> � ••- � An amc�unt, �ii..huncJ h� I.cndcr unJrr thi� • 7i�
<br /> } � y puragraph 7 tihall Nr<<�mr aJditiunal �cht uf I3��rruWCr �ccurcci by thi� � "�"
<br /> . Seeuriry Imtrument. Unle�s &+rroarr and Lendrr ugrcr to�ithrr tcrm,at'puyment, thc,c amnunt+tihall bcar intcrctit irom the � � �[
<br /> • date of disbur+ement at the Nnte ratc and .ha�l tx pa�ah�c. �vith intcre.t, upun nutice from I.ender t�� Borrowcr rcquc�ting � " :•;
<br /> payment. � " ��'�.
<br /> • ' 8.�tort�a�e Incurgnce.If Lender rcyuireJ mongagc imuranrc a.a runditian��f mahing the i��:�n+�cureJ hy thiti Security �
<br /> , • Instrument. &�rrc�wcr.hall pa�� thc prcmium+ rryuircJ t�� rnaintain thc m�mgagr in,uranc� in c(frct. If', ti►r any reuum. thc ' .
<br /> mortgugc in�uranrc cn��eragc reyuircJ hy LenJcr lap+c�ur rcasr.t��hc in ctl'ert. f3urruN•er�hall pay thc premium.reyuircd to ,
<br /> obtain coverage .ub,tantially cyuivrlent tu thc murtgagr in�uranrr pr��•iuu�ly in rffrct,at a r�»t,uh.rrntia�l� cyuivalent to thr ! �
<br /> cu,t to Bormwcr of thc mi�rtgagc in,uranrr prc�•iou,ly in rticrt, frum an aRrrnat� I1N�I'I�;�j'_C in+ur�r a}�pnncJ by I.�nd�:r. If i
<br /> tiuh.tantiaUy cyuivalcnt mortgagc imurunr�ru�rrage i+ rnn u�ailuhlr.Burraarr.hall pa� tu l.�ndcr�ach nwnth a �um eyuul ta ,, , „ �•
<br /> cmc-lwclRh of thc ycarly mi�rtgagc intiuranrr prcmium heing paid M Burruwrr��hrn thr in+urancc cc��cragr lapti�Yi or ccau�i tn ,
<br /> . be in effect. Lender wil! acrcpt,mr and retam the�e pacment.a. a to.. re.rn�e in liru ��f m��ngagc in�uranrc. l.u.� re,en�e •
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<br /> Foim 3028 9/90
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