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<br /> , � .�. li�nr:neEa na �'ec��,�.d�N�a�;e���aea. �3rirrnrrcr r,h�ll Icc.r.p QEt�ir,npraveriicnY�n�r�•�e}>>:,uc.;;c,.licrc�rt�r c,cc�ccf�:� ►
<br /> _- tho l�eopes•4y in:�uicd o�airts41a�3 by fiir�,{►azorci��ncludcd��ithia tho tc;rn°extc;�dadl c�vcsogo° nnc�ony oBhcs Il�l{lY�T7, 1 a,.._
<br /> 3°"�'�•� � �•� . � irtcl�djng fload.9 or Ca�ing,Par which I.cndcr rcquirra insuranco.Thi�inss�ranGe rhall t�meintained in tha emount� '�'
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<br /> .�..s;_.L,�,..W,�,.,:,,� and for the period�that Lender requires.Tha insursnGe c�rder providin�the insurnnco �hell ba r,hasen by l�arrower ��;;,:_
<br /> - subject ta Lender's epproval which ehall nst be unreasonebly withheld.It}3orrower[sils to msinuln coveraga describod
<br /> � :�:�.�~�';_���� al�e►vo,Lender rMQy,�t Lender e opiion�ubtaia coweraga to protcct I.enrler'a eighw in tha Proparty in accordnnca with �,,-,_,
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<br /> �,�,, :�y All ins��rance policIes and r�nowele ehall be a.ccepSabie to I.ender end ehdl in�l�de e stendard mortgego cleuso. _
<br /> _._�i;,;%;i r`.#:;:°';''�F;;•.: l�ender ehall hava Eha right to hold the policies rand renewelo. I[L.ender requir�s, Aorrower eha11 promptly givo to �^
<br /> --- "k , ' Lender all ceceipts of paid premiume and ron�wal natices.In the event of luss,13orroe�ver dhall giva prompt notice to th� __=
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<br /> ~�:.� �-.'�,��� , innurance carrier and Lender.L,en�ler may maka proot oi loss iI not mad�promptly by Bonower. ��;_,
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<br />__ •. �';;��,..�._;_ :, Unless Lender attd Borrower atherwtsa agceo in writir.g�ineuranco prceeedn shall be applled to zestoration or repair ��_�_
<br /> �''` -' ° '' '- o!the Progerty dameged,if the restoration or re�x+ir is economically feasible and Lender's sec4rity ie not lessened.Iitho � _.
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<br /> ;,.,, restoi�ation or repair ie not economically teasible or Lender'a security would be lessened,tho ineurance proceeds shall be �.-.—.
<br /> _;,�; ,. �;;',� . applied to tha suma secured Uy tlue Security Inetrument,whether or no4 4hen due,wQth eny eacess paid to 13osawer.If �`�;_
<br />_�_ •s " � Borrower abandons the Property,ot does no4 nn�wer within 30 days a rtotica frocn Lender that tha inauranca carrier hae ��;-•
<br /> � s �� � offered to sattle a claim, then I.ender may collect the i��surence proceede. Lender rnay use tho procseds to repair or ��-
<br />� ' •• • restora the Property or to pay eume secured by this Sccvrity Inatrument,wheth�er or not then due.'i lie 30-day peri¢�d will �:''""
<br /> ,,.� ` � � _;'� begin when tha noxice ie given. �
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<br />-� : . Unless Lender and Bonower otherwise ap,rea in writing.any epplica4ion of prcee�da to principal ahall not extend or ���
<br /> .. postpone the due data of tha monthly paymente referred w in paragtaph�1 and 2 or chenge the amount oY the payments. �==
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<br /> Ii under paregraph 21 tha Praperty ie acquired by Lendsr, Bonower e right to any insurance policies end proceeds --
<br /> resulting fr�m damaga to tha Property pnar to the ecquisition shall pass to Lender to the extent of the sumA secured by �
<br /> ., this Security Instrument immediately prior to the acquisition.
<br /> 6.Oceu aac presoreation,Maintenance and Protectian of the Proporty;Borrower's Loan Applicatlon; �}''.
<br /> � � y' establieh,nnd use the Pro t es Borrower's rinci �1 residence w�thin sixty deys
<br />- � „ Lsaseholds.Borrocver shall occupy, p�Y P P
<br /> after the execution of thie Security Instrume�t and shall cantinue to occupy the Property ae Borrower's principal —��;C�"
<br /> . residence for at least one year atter the date oY occupancy,unlese I.ender otherwirse agrees in writing,which consent shall
<br />.. not L•�,ti3nreasonabiy withheld,ar unless extenuating circumstances exiet which are beyond Borrower's control.Bonower
<br /> • shall not destroy,damage or imnpair the Property.allo�v the Property to deteriorate, or commit waate on tho Property. •
<br /> „
<br /> Borrower ehall be in default i�uny forfeiture actian or proceeding,whether civil or criminal,is begun that in Lender s
<br /> __ _ goad fnith iudement could reault in forfeitura of the Property or otherwise materially impair the lien created by t e
<br /> ' Security Instcument or L.ender's security interest.Honower may.cura such a deraulc und reinstaie, es proviuui ii. , _
<br /> ' .. paragraph 18, by causing the action or proceeding to be dismissed with a ruling that, in Lender'e good faith ����
<br /> determination,precludes forfeitura of the Borrawers intarest in tha Property or other mnterial impairment o4 the lien ��!i`�''
<br /> " created by thie Security Instrument or Lender's security interest.Borrower ahell elso be in default if Bono�•er,during �� :
<br /> the loun application process, gave materially false or inaccurate information or staterr►ente to I,Ender (ar failed to ���--..
<br /> ., provide Lender with any material information)in connection with the loan evidenced by the Note,includi�g,but not
<br /> . limited to,representatione cottcerning Borrower's occupancy of the Property ae a principal residence.If thie Security <<_
<br /> �� Instrument is on a leasehold,Aonower shall comply with all the proviaions of the lease.If Bonower acquires fee titla to �,•. �:
<br /> the Property,tha leasehold nnd thc fee title ohall not merge unless Lender agrees xo the merger in writing. .
<br /> . 7. Pro4ection o4 Leuder's Rights in the Property. If Bocro�rer fails to periForm the covennnts end agreements
<br /> conteined in thie Security Instrument,or thora ie a legal praceeding that may significantly affect Lender s righta in the
<br /> Property (such es a proceeding in bankruptcy, probate, for condemnation or forfeiture or to enforce lawe or �� �;
<br />= regulations),then T.ender may do and pay for whatever is necessary to protect the velue of the Property end Lender's ;
<br /> , righte in the Property. I.ender's actions may include paying any sums securcd by a lien which hc�s priority over thi�
<br /> � Security Ins4rument,app�arin�in court.paying reasonable attorneys'fees and entering on the Property to make repairs.
<br /> -• Although Lender may take action under this paragraph 7,Lender does not have to do so.
<br /> ' Any amounts disbutsed by Lender under thie paragraph 7 shall be�:ome additional debt of Borrower secured by this �
<br /> � � Security Ynatrucnent.Unlesa Borrower and Lender agree tn other terme of payrnen4,the�e amounts shsll bear interest =
<br /> � from tho date of diaburscment ut the Note rate and ahell be payable,with interest,upon notice from Lender to Donower
<br /> .� � ' requesting payment.
<br /> '� . 8. Mortga�e Ineurance.If Lender required mortgage insuruncc as a condition of making the loan secured by thi�
<br /> �, Security Instrument,BorroNer shall pay the premiuma required to maintain the mortgage insurance in e4fect.If.for any
<br /> -�: � reason, the mortgage insurance coverage required by I.ender lapsc�or ceases ao be in effect, Borrower sh�l1 pay the ,
<br />_;�, '� � premiums requir�ed tu obtain coverage substantiatly equivalent to the mortguge insurance pmviously in effect,at a cost
<br /> substantially equivalent to the cost to Borrower of the mortgage insurance previously in effect, from nn alternate
<br /> °�°� mortgage insurer approved by Lendar. If substa,ntielly equivnlent mortgage insurance coverage ie not nvailable,
<br /> t � Horrower shall prsy to L,ender each month a sum equal to one-twelfth of the yearly rnortgage insurance premium being
<br /> paid by Borrower when the insurance coverage lapsed or ceased to be in effect. Lender will accept,use and retain these
<br /> � Isayments as u loss reserve in lieu of mortgago insurance. Loss r•�.serve payments may no longer be required,
<br /> Farm 3028 9/90
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