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<br />' -�• ' 1 `.1•41 �� ' ' :, .���� '_' �l nk{f���T'ISY}.i.�i-�xti _�. `__..,.
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<br /> ' �� �, i'ta1�E•al oi• �'�'n�-�Y l�i'���rn�ice. Iinrro�vcr shall lcccp the impravcmcnts now cxistinG or hereafccr erccte�l on ttte �;-�—":°_
<br /> � Property insu�rd a1�aiu�,t lusb hy firc, hai�irds sncludc�l �viQiin tiic tcrm "cxtendcd cuvc��q��° :��1� ����Y ��thcr harsrds, inclttdinR �
<br />�,� .. _ �tuods c�r ilnodin�. for which L,cndcr rcquires intiuranca This insurancc shall Uc mainr+incd m�hc nmuuu�s cuid i�ur thc:p�eiods ��.µ�
<br /> - . , ". . •' ,�r tliat I�:ndcr rcquires. Thc iusi►rnncc carricr providing thc in uruncc s1i111 bc choscn hy nrn'rnwcr subjcct to l.cndr.r's up�r��vai _—_.`f
<br /> =��tit�a!�r. �vhich shnll n��t hc unreasiinubly �vitlilicld. If f3orrowcr fails tu m.iintain caviceagc descrihcd ahovc. l.cndcr mny, ut l.cnacr's �_.F`.'�
<br /> ,.�,..,..;,"...�:�-
<br /> +°^"`-",-..'`...,. •. option. ��bt�iu�ovcri�gc to pratcct l.cndcr's rights in the Property in accordancc witl�parngri�pi�7, --
<br /> . - All iu�u�uuv� policics and ren��Y�+l� sliidl hc acccptablc to Lcndcr and shall includc si standi►r�1 mungag� cluusc. l.cirdcr �•l`+::_
<br /> -f".� ' !1'�. ...y.. -.
<br /> ��`�`'�'y''t°�-�� , ,hall huvc thc right to hold thc pcylicics and rencwnls. If Lcndcr requires,t�otr��wcr shaU��ruuiptly givc to Lcttdcr all rcccipts�► �
<br /> .::-.c-�•=r;�:".:..�
<br /> �: ';� `� � . p�id prcmiums und rencwal notices. In thc cvcnc of loss, Borrowcr shall givc prompt noticc t��thc insurnncc c.arricr and Lcndcr. �
<br />—= . ` �,: ';'.;',�,`� C.cndcr muy makc proof of loss if not madc promptly�y Borrowcr.
<br /> ;�:���. � 'r � Unless l,ender i�nd Borrower othenv�se ngree in writing.insurance pmceeds tihull be.�ppliul to restoration or repair af the —
<br /> •�- • . . . Property damn�cd, if thc restoration ur rcpair is cconomically fcasiblc nnd I.cndcr'ti security is not Icssc��ed. !f ihc restorution nr - -
<br /> —�.":"-.
<br /> �epair i;not ecanomicaUy fe�uiblc or Lender's sccurity would bc Icssencd, the insurancc procecds shall be sapplicd to thc tiu►ns `
<br />-- • �� �'�� , sccurcd by this Securisy Instrumcnt. whcthcr or not then duc, with any cxccss paid tu Bu�-rowcr. If 8orm�vcr abandons thc
<br /> �.'���`� ' • Property, or does not answer tvithin 30 days a notice framuLe°he troceeds't�urepai i�r restore thc Prapertyt�� to'p'ay�sums
<br /> "'� � ' Lender may collect the insuruncr. proceecls. Lender may P
<br /> _ ��;, . , securcd by this Sccuriry Instrument, whethcr or not thcn due.Thc 30-clny Pi���a�yuf b rn ccdset t'pri�ncipal�sl nll�not cxtend or _
<br /> � ,�;, Unless l..ender and Bonowcr othcrwise agree in writinb, any npp' P
<br /> -_ � • postponc the duc date of the monthly paymcnts refcrred to in paragraphs I and 2 or change thc umount of thc paymentc. If
<br /> • „ �. under paragraph 2 t the Property is ucquired by L.cnder,SBor�ndcr to he extcnt of thc umssecured by hr scSccurity lntitrufine t =_._
<br /> �� damagc to the Property prior to the acquisition shall pas
<br /> L,, . immcdiatcly prior to the acquisition. ___
<br /> • ' 6. OccupAncy,Presen'ation, 1Vlaintenoncc and Protectton of the Property: Borrower's LoAn Applicatton;Le:�seholds. �
<br /> ; BarTOwer shull occupy.establish,and use the Propeny us Borrower's principal residence within sixty Jays afeer the execution of
<br /> ' • - , this Security Instrumem und shall continuc VoSe�°eeshn wr tngyWhBhrcon ent hallenut'bc unreas n�ably �thheld,Yor untess =
<br /> t he d n t e o f o c c u p a n c y,u n l e s s L,e n d e r o t h e n � g
<br /> ' � extenuating eircum�tanees exist which are beyond Bono�uer's control. Burrower s ha l l n o t d e s t ro y, d a m a g e o r i n i p a i r t c __
<br /> !I bc in default if any forfeiture
<br /> . • ' Property, allow thc Property to detcriorUe, or commit waste on the Property. Borrower shu =-
<br /> � � action or proceeding, whether civil or criminul, is begub��his 5e ur tyrins ru nent,tor1L.enderns securty interesL Borrower may =�-
<br /> Property or otherwise materially impair thc lien created y
<br /> � � cure such a ciefauit anu rein�iuic,a,N:c.��w' :r Rw o"�"h I R, hy causin�the action�ir proceeding to be dismissed with a ruling _
<br /> that. in Lcndcr's goad faith determination, precludes forfciturc of the Borro���cr's interc�t in tne rropeny ur ut ic� �utcr.a! --
<br /> • impainnent of the lien created by this Security instrument or Lender's security interest. Bonower chall also be in default if —
<br /> .��-,;� Borrowcr,durin�thc loan applicstion proccss,gave materially f`V'h���e loanievidenced by the Notee ncludin butenot l mited
<br /> — '�' � � to provide Lender w�th any material infarmation)in connecnon __
<br /> ' � ' to,representations concerning Borrower's occupancy of the Property as a principal residence. If this Securiry Instrument is on a �
<br /> leasehold. Borrower shall comply with all the provisions of the lease. If Borrower acquires fee tide to the Property, the �
<br /> leasehold and thc fee title shall not mcrge unless Lender agrees to the merger in writing. �;...
<br /> � . 7.Protection of I.ender's Rights in the Property.If Borrower fails to perform the rovenants and agreemcnts contained in _,
<br /> , this Security Instrument, or thcre is a legal proceeciinS that may s�gnificanNy affect Lender's rights in the Property (such as a �-_
<br /> proceedin�in bankruptcy,probate, tor condemnation or forfciture or to enforce I:�ws or regulations), then I.ender may do and
<br /> �;_.:•
<br />� ' .. . ' '� . � pay for whatcver is nccessary to protect the valuc of the Property and I.endcr's rights in [hc Property. L.ender's actions may �,;;_
<br /> include paying any sums secured by a lien which has priority over this Security Instrument, nppearing in court, paying
<br /> �.,
<br /> ~- reasonablc attorncys'fees and entcring on thc Property co make repairs. Although[.cndcr may takc action under this paragraph �.�;
<br /> •• 7,L.ender docs not have to do so. `�'"
<br /> � Any amounts disburscd by Lender undcr this paragraph 7 shall becomc additional debt of Borrower securecl by this �,:
<br /> � Security Instrument. Unless Borrower und Lendi begre�e able tlwith interestP�pon nouceefr m�uL.ender It Borroa+er1reque ting ���,
<br /> ' date of disbursement at ihe Note rate and .ha p y �. `
<br /> . payment. ���'
<br /> �'',�:; �;����� 8. Aiort�age Insurunce. lf Lender required mortgagc insurnnce as a condition of making the loan secured by this Security �,,.
<br /> " � � Jnstrument. Borrower shall pay the premiums requircd to maintuin the mongage insurance in effect. If, for any reason, the
<br /> ��.,,� . mortgage insurance coverage reyuired by Lender lapses or eeases to be in effect.Borrower shall pay the premiurns required to ��•
<br /> '�!,,;i?"; obtain coverage substantially equivalent to the mo�Ygage insurancc previously in effect, at u cost substantially equivalent to the .
<br /> -. ,[a_,�4..
<br /> �'� cost to Borrower of the mortgagc insurance prcviously in effcet, from an altcrnatc mortgagc insurer approvcd by Lcnder. If '
<br /> ''�' . substantially cquivalent mongage insurAnce coverage is not availablc. Borrower shall pay co Lender each month a sum equa! to
<br /> one-twelftli of the ycarly mortgage insurance premium bcing paid by Borrower when the insurance coverage lapsed or ceased to
<br /> � be in effect. Lender will accept, use und retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> �" ' . Form 3028 9/90
<br /> � � ,. . Vaqe 3 of 8
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