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<br /> + •3. ttazard ur Pro{�erty fnsussnpe. tiorrower shall keep the improvcmcntg rtow eaE'iEt���e�reafter�e��ed on the
<br /> - P�opcti�y instired a�aln:;t lass by Grc. hua:ards inciudc�l�rithin thc tcrm "c:xtcnded covera�e"nnd uny other haznrds, inciudia�g
<br /> flcmcls ar Flucxting.fur which Lender require9 i�isuran�-e.'!°hig insurance sh�ll be maink�ttnecl in thc amounts und for thc pcdods
<br /> thcu Lender requires.The insurance earrier providing the insurnnce�hal! be chosen by Barrawer subjer.t ta I.ender's apptoval
<br /> whtch sl�ull aat be unrcusonably withheld. If Borcawer fails tm m�intain covcragc described ubovc, Lcnder may. at I.cndsr's
<br /> aptian.ubtnin cuvemge to protect Lender's righix in the Property i�t accordstnce with paragmph 7.
<br /> Ail i►►au�ance poNcies und renewais shail 6e acceptnble to L.ender and shull include s standu�d mortgagc clause. Lend�t'
<br /> hl�ull biiv�ti�e rigitt to huld the policies uad renc:wals.�f k:nJ.r r�:yuires,Borruwcr sl�all promptly givc to L.cndcr u!!rcu�G�ts e�f
<br /> paid premiums nad renewu!notic.�w.in the evtnt ot'tass,Borrower shap give prompt natice to the insurunce currier su►d l.ender.
<br /> Lender muy muke pmof af loss if nat made prornptly by Borrower.
<br /> Unless L.endet wtd Barrower otheruvisc ngrce in wdting,insurnnce proccc�ls shatl be applied to nestoration or rep�Ir ot the
<br /> Property damaged.If the restorution or repair is ecanor.;'�tfly fetwible snd Le�eder's secudty is nat Icssened.If the rzstoration or
<br /> repal�is not economicaUy feusible or I.ender'�s sccudty would ho I�ssened. the insurance procceds shAll be applted to the sums
<br /> sti�.�ure�l vy tliis Security Instrument, whether or not ahen duo. with uny excess pald to Bonower. If Iiorrower abandons thc
<br /> Property.or docs not answer within 30 dnys A notice from Lender that the insurance c:u�rler has offered to settle u cluim.then
<br /> Lender mu}r c,olleci the insurance proceeds. Lender rnay use the proceeds ta repair or restore the Pmperty or to pay auins
<br /> secured by tD�is Secudty Instrument,whether or not then due.'Che 30-day podod will begin when the notice is given.
<br /> �Jnles� Lender und Baerower otherwise agree in writin�. any application of proceeds to principal shall not extend or
<br /> postpone the due date of tha manthly payments referred to in ptua�rnphs I and 2 or change the nntount of the payments. If
<br /> under pamgraph 21 the Property is�cquired by Lender,Borrower'A right to any insumnce policies and proceetis resultin�from
<br /> dnmu�e to the Pmpeny prior ta tl�e acquisitiun shalt p�ss to l.ender to the extent af the sums secured by this Security Instrument
<br /> immediutely prior to the acquisition.
<br /> '• ., ,,.,. ,. 6.Occu{r�ncy,Pr�servution,Maintennnce and Protectton of the PropeMy;�orrnwer's[.ann AppUcatton;I.easeholds.
<br /> Borrower shuli occupy.establish,and use the Property as Bonower's principal tesidence within sixry days after the execution of
<br /> this Secudty Instrument and shitll continue to occupy the Property as Bomower's pr�ncipal residence for at least one year after
<br /> the date of occupancy. unless L.ender otherwise u�ree.s in writins, which consent shall not be unreasanably withheld,or unless
<br /> extenuuting circunistances exist which are beyond Borrower's control. Borrower shull nut destroy. damage or impatt tt�e
<br /> iA:•`;..._:, Property, allow thc Property to deteriorate.or commit waste on the Property. Borrower shnll be in default if any forfeiture
<br /> ;�''r•�`�` � action or p��ing, whether civil or crin�innl,is begun thut in Lender's good faith judgment could result in forfeiture af the
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<br /> �k4���,.,.�`„,,,,�i�;� Property or otherwiae materially impa3r the lien created by this Security Instrument or Lender's security Interat. Borrower may
<br /> �= �'�^;:=�•;'��4�•y-�� cure such u defnult and retnstate.ns provided in parngraph 18,by cuusln�the uction or proceed(n�to be dismissed with a ruli�g
<br /> .�,:, .� thut, in Lender's good fuith determinatian. prectudes tone�ture ot the Borrower's interest in the Property or other materia!
<br /> � � �"'��r,����`R`""��� im airment af the licn created b this Securit insuument or Lender's securit interest. Borrower shull also be in defaWt if
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<br /> �'^�'�•;•`•• ;• • Borrower,during the loan application process, gave matcrially false or inaccurate information or statements to Lender(or fdled
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<br /> to pmvide Lender wlth any muterial informAtion)in connection with the loan evtdenced by the Note. including, bnt not limlted
<br /> � r Y�:����'�'t'••�� to,representations conceming Borrower's occupancy of the Property us a principal residence.If this Secariry Instrument is on a
<br /> '" �'�'�`'' •' ' ' '�'j Icasehoid. Horrowcr shatl rnm 1 with all the rovisbns of the lease. If Borrowcr ac uires fec title to thc Pro rt the
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<br /> ,.�;,x�.r,y;*,v ,. leasehold und the fee tide shal�not merge unless Lender ogrees to the merger in writing.
<br /> ' rE:.-•; ,• 7.Protectlon ef I.ender s Rights in the Propeity.If Borrower fails ta perform the cavenants and agreements containod in
<br /> , �. ; this Securiry Instrument,or there is a legel proceeding ihat may si�nificandy affect LenJer's rights in the Property(such as a
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<br /> proceeding in bankruptcy. probate, for condemnation or forfeiture or to enforce Inwr or regulations), then Lender may do and
<br /> �•'"'� `� '•-`�°�° for whatevec is necessa to rotect the value of the Pro e und Lender's rf hts in the Pro rt L.ender's actIons ma �i�
<br /> , r••�- .� PaY TY P P ►'�Y 6 Pe Y• Y t
<br /> 'aDi� �`'�'�'""' includ¢ a in an sums secured b a lien which has rlorit over this Seaudt Instrument, a n in court, In
<br /> .,��;��,,�;�,� �,•:, P Y S Y Y P Y Y PP� S � PaY 8 `t
<br /> .,�r�'�,�;,;ii:t:.,.�...- reasonable attomey.c'fees and enterin�on the Propetty to rnake repairs. Although Lcnder muy take action under this paragraph �..
<br /> ti:-'K��r-,��.••.. 7,Lender dces not have to do so.
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<br /> ,� �'-;�', :•:'�� ' Any amounts disbursed by Lender under this pam�raph 7 shall become addttional debt of Borrower secured by this "
<br /> �°�`���� `�' `�������` Security Instrument.Unless Borrower and i.cnder agree to other terms of payment,these amounts shall bepr interest from the ^•,�
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<br /> �•5'�� ' date of disbursement at thc Nnte rate and shall be payable, with interest,upon noticc from L.ender to Borrower requestjng
<br /> _ . � payment.
<br /> ^�;, „ .. 8. Mortsege Insurance. If i.ender required martgege insurance as a condition of making thc loan secumd by this Security
<br /> �;•�r,-� .,. Ins[rnment. Borrower shall pay the premiums rcquired to maintain the mortguge insurance in effect. If, for any reason,the �
<br /> �'`�� mortgage insurancecoverage requireci by l.ender lapsesor ceases to be in effect.Bonower shail pay the premiums required to ,
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<br /> ° � obtain coverage substantially equivalent to che mortguge insurance previously in eftect, at a cost ,ubstantially equivalent to the
<br /> �� ` ' '., cost to Borrower of the mortgage insurance pmvious ly in effect, from an aUernate mortgage insurer approved by Lender. If
<br /> '��� ` , '' substantially equivalent morigage insurnnce covcra�e is not availnble,Borrower shall pay to Lender each month a sum equal to
<br /> one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurance covern�e lapsed or cea.ud to
<br /> , " be in effect. L.ender will accept.use and retain these payments as n loss re�erve in lieu aP mort�age insurance. Loss reserve
<br /> �� Form 3028 8/90
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