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<br /> S. Raxerd or P1npe�ty In�rancc. 13orr�wer shnU keep the ii�n�vements now existing or hereafter erectod on eho
<br /> Pra�xrty insurcd ngainst toss by flrc. hur.�rus(�zcluded wlthin thc term "extcndod coveruge and any other h;�c►rde, includij�g
<br /> ��
<br /> �IRQ(IA 11f fltlUdlllg.fiar whfch 4cnder requirea insurnnce.Tl�is tnsuruncc ehall be maintained in tho amuunts and for the periods
<br /> ttiat Le��der rcquireg.'fhc Insuruncc carier providing tha irtsurunce shall be choscn by Borrowcr subjcct t�Lender's approval
<br /> wtdch shall not,ba anrrrsanubly withheld. If Burrower fails to maintnIn covernge described above. [.ender muy, at Lender's
<br /> optlon. obtAin cavorage to pratect l.oncicr's rights in the Property in uccardunce with pucugrnph 7.
<br /> All insurar►ce�solicie.s nnd mnewals �sh:ill be u:ceptubl�:to Lender and shall include u smndard mortRage clnuse. Lender ,
<br /> Fhuil huvo ttye right to hotd tha policies and mnewuls. If[.cnder requires.Borrower shall promptly give to Lender nll reoelpts of
<br /> paid premiums and renewal�otices. In the event�f losv,Borrower shell give prompt notice to the insurunce curcier and L.ender.
<br /> Lcndcr may mukc praoP uf loss if not mude promptty by Borrowcr.
<br /> Unless I.er►der and Borrowcr othecwise ugree in writing,lnsurnnce pra�ds shnll be applied to restamtion or repair of the
<br /> Property damaged,if the r�stv.ration or repair is econamicully feasible and Lertder's securlty is not lessened. If the restoratIan ar
<br /> re�aainis not economicully lcusible ur I.ender's securiry wauld be Iessened.the insurance proceEds sh�ll be apptied to the sums rt _
<br /> securod by this Secutity. Iavttumsnt, whether or not then due, with nny excess paid to Borrower. If Borrower abaridoas the —
<br /> Froperty,or doe�s nat answer witl�in 3U days u notice from Lender that the insurance carrter has offered to settle a cluim,then --
<br /> Lender may collect the insurance procceds. Lemder muy use the proceafs ta repstir or restore the Praperty or to pay sums
<br /> secure�!by this Security Insuument,whether or not then due. The 30-day periad will begin when the notice Is given.
<br /> Unless Lendcr nnd Borrower otherwise agrce in writing. any appliwtion af praceeds to pr�ncipal shalt not catend or
<br /> postponc the due dute of the monthly paym�.nts referred to in paragraphs 1 and 2 or change the umount of the payments. If
<br /> urtdcr par,►gaeph 21�the Property is�cquired by l.ender, Borrowei s right to eny insw�aeKe puUcies and pracee�s resulting from -
<br /> damage to the Property prior to the acquisttion sh�ii pass to Lender to the extent of the sums,cxurecl by this Security Inswment
<br /> immediately prlor to the ucquisltion.
<br /> 6. Occupancy,P[e.servaYlon,Nlatatenance and Protection ot the Property;Borro�ver's Loan Appltcation;l.easeholds.
<br /> Borrower shall occupy,�tablish.nnd usc the Property as Borrower's principal msldence wtthin siaty days uftcr the execution of
<br /> this Security It►�trument nnd ahsill continu�to uccapy the Properry as Bomower's principal residence for at least one year after
<br /> the date of occupancy,unle�s Lender otherwise agrees in writin�,which cunsent shnll not be unmasonably wtthheld,or unless
<br /> eatenusiting circumstnnces exist which are beyond Bonower's control. Borrower shall nat destroy, damage or impair the
<br /> Property,ullow the Property to deteriornte, or commit wASte on the Property. Borrower shall be in defuult if any forfeiture
<br /> uction or proccedin�.whether civil or criminal, is bc�un that in Lender's gaod fnith judgtnent cuutd result in forfeiture of the
<br /> property or otherwise materially impair the lien created by this Security Instmment or[..ender's securiry interest.Borrower may _
<br /> casz�st�h s dQfault and relns�t.as grovl�ec!!in�+arag�gh 1 R,hy ca��cin�the s�ctin�or�+r!ue�ling tn tx��icrni�cp,i with n n�ling
<br /> that,in Lender's good.faith determinat�on, precludes forfeiture of the Borrower's interest in the Propert;y or other materiul
<br /> im�airment of the lien c�►ted by this Secudty lnsttumgnt or L.ender's security interest. Borrower shall afso 6e in default if
<br /> 9orrower,durin$the loan appltcation procPSS,gav@ mater�atly false or inaccurate informution or statement4 to l..ender(or failed
<br /> to provide Lender with any material InformatIon)in connection with the loan evidenced by the Nate, including. but not limited "
<br /> to. n�presentations concerning Borrower's occupancy of the Property as a principal residence. If this Secudry Instrument is on a
<br /> leasehold, Borrower shall wmply with ull the provisions of the lease. If Sorrower ucquires fee title to the Pcnperty, the
<br /> Ieasehold and the fee title shall not merge unless I.ender agre�s to the merger in writing. -
<br /> 7. Protection oi I.ender's Wghts in the Property.If Borrower fs�ils to perform the rnvenants and ugrecments contaiacd!n _
<br /> this Security [nstiument. or there is a legal proceeding that may si�mificandy affect Lender's ri�hts in che Property(such as u ��
<br /> procetding in bankruptcy,probate,for rnndemnation or forfeiture or to enforce Inws or rc�u�utions).then Lender may do and -
<br /> pay for whatever is necessary to protect the vulue of the Prope�ty and Lender's rights in the Property. Lender's actions may =--
<br /> include payins a��y sums serured by n lien which has priority over this Security i�strument. Appearing in caurt, paying �,:��;
<br /> rcasanable attorneys'fees and enterin�e on the Property to malce repalrs. Although I.ender may take actlon under this paragraph cP1"_
<br /> 7. Lender does not have ta do so. F��":�"_
<br /> Any amounts disbursed by Lender under thfs par�graph 7�hall become addltional debt of Borrower secured by this ;�,i
<br /> Security Instnrment. Unless Borrower and l.ender agree to other terms of payment.these amaunts shall bear Interest from the �`
<br /> date of disbursement at thc Note mte send Fhall bc puyable. with interest,upon notice from Lender to Born�wer recluesting 4,Q���
<br /> payment. ( '�x
<br /> 8. Atortgage Inc�rt�nce.lf Lender requlred mongage insurance as a candition of making the loan securc:d by this Security '�`^-
<br /> Instrument. Borrower shali pay the prenciums required to maintain the rrtoR�age insutance in effect. If, for any reason, the .
<br /> mortgage insurance coveraga requircd by Lender lapses or ceases to be in effect,Sorrower shaU pay the premiums required to
<br /> obtain coverage substuntially equivalent t�the mortguge insurance previou�ly in effect.at a cost substantially equivalent to the
<br /> rnst to Borrower of the mort�a�e insurance previously in effect.from en alternnte mortgage insurer approved by Lender. [f �s`-°
<br /> subsmnttally equivelent mortgege insurance covernge is not avnilabla. Bomower shall pay to Lender each month u sum equal to .
<br /> one-twclfth of the yearly mort�a insurancc ptre::mium being pa�d by Borrower when the insurance coveruge lapsed or ceased to
<br /> be in effect.Lender will accept,use and retain these payments as a loss resen+e in lieu of mortgage insurance. I.oss c+eserve �,,
<br /> Fotm 3028 8J90 �.��
<br /> Pnpe 8 of 6
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