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<br /> _`���� . ' � ����g�r�crec�ced ' .
<br /> _�,��� ,. .,�.`�: '`�. � • •5.iiar.ar�or Progerty IasoraacG.Borno�v�c sh�ll keeP ths ia►Pro��ent�aow eaist�ng+m �
<br /> ° ' ;�sttt�apinst lo�by fire.l�azards i�cluded�it�in thc tgrm,'8ateadad coves+dgo"aa�td aop other l�asr� .
<br /> � �8�'°� �s�ac�;This insus�nce ebal!be�aiataiaed in.th4 araau�ts •
<br />-:` .� :' � " � including flaods o�flaa�n8.�us which I�ader requires � m t�e ias�iranca shall ba�c�sen bY�onor�et'
<br /> • � ` � � en�fior tDa periods that I.ender re�tir�.Th�insuraace�erri P� '�
<br /> � ` :` . ` , eubjact to Lendsr's app..*�vat wlnch ehaU aot ba narassonably witl�etd.I#Borroarer fails to mai�ia coveraga d�csihod i�
<br /> �� . ` . . ' abova Leader may.at Ixnde�s optio�,ubtaia.cnverage to pm�et Lende�'s nghts m the FroPest9 ia aooprdaarA rxith .
<br /> ti .� .. paragraPh 7.
<br /> � ` � All iasuraace policiea ead reuewals eh�l!be aaceP'ts61e to Leuder and shall iacluds a etendarrt aaortg88e��� �
<br /> r ., � .
<br /> ,:. ��� �.eAder ebaU �ave the right ta iiold�galictes aud renebvels,Ii Lender re9uir�Borroc�er shatl promptly gi
<br /> � �;, . ,�:` '. Lender all reoeipts oi paid premiwms aa�reaewat uoticss.In th��vent of loss.Borrnwer shali g+ve paompt nam�tattae -�,
<br /> . , . ' . iasura�ce carcier aad I.ender.Lender may nnatce proof of los�ii not made prnmp�Iy by�orrower. .. .
<br /> " � _ . Ualess Leader and Borrower ot�eraQise agree as writing,insurance Froc�ds c�a11 b�aPPliod t�r�staration�r rt�air .
<br /> .: • � : of tiae Praperty damaged.if the readarativa or repsir ie eoaaomically feasibla and Lende�s eess+uit�is nos tessen�d.I;the � .
<br /> � � � reswration os repair is not ecoaQmically feasible or Lend�'s sesuiity Would be 1�t�i�sL**s�+ae pr�eeds sttall� � .
<br /> '�` ', . � applied to the s�ma sec�red L►Y this Securit9 Iastrumeat,w4iether vr nnt then due.with suY exc�s IP�ta�nsroWer.Yf
<br /> � '�;".:� ' Borrower abaadons the Property.or does not aaswer svitbin 30 daps a nohoe fmm I.eader that the insurancd cartler b�s
<br /> ' , offeted w settle a claim,thea Leader may enllect the insinaace psacads.L�ender aaay n9c the Proceeds t°r�r°i
<br /> sec�ned bp this Secnritg Instrumen��vhathet or aot then dve.Tht 3o-day petiod wi11
<br />_ ' f � . restore the Praperty or w pay swr►s ' .
<br />- ; ' �.. � . _ begia wheu the noEice is givea. � ehall uot eStend op �
<br /> �a m wYitiag.en,Y aPPiic�stiou of groceeds to princiP�l
<br /> � ' Uale�I,ender and Borrawer otherwise agrec` hs 1 aad 2 or chaage the amauat oi thepaYaieats:
<br /> �� �� . 'postpone ths due date of the moathlY�aYments refe.cred to ia paraBraP .
<br />` �..'' ��� . , Ii under P�B�Ph 2I the PropertY is ac�quired by Lender.Borrawer's.right to anq insuranc:e polieies�d.P�
<br /> r to the atxiuisitiaa shaU pass to I�ender to tl�act�t of the sdms secutad bY!
<br /> . � � .,° • ' res�ilting from damage to the ProperiY P� . � � �� •
<br />- "� or'to the tioa.
<br />---_ -- � � � ttis SecuritY Instnmaeat im:nediately pri � Barrawe�s Laaa�lpF�atti�n:. .
<br /> _;, .,..,<',,
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<br /> � . . - � --��-6:flccupaae3►;Pr�rvation,�Mainteaatre�ad Pso�ectioa oi the Ftoperty:
<br /> _ .. � Leaseholda Borrower sh�ll acr.uPY,�blis�e„�d use the PtopertY as Bonowee's priucipal residence tvithin ststy�9e
<br /> ' � � af�r the ese�rioa of.this'Securitp I�sv��'�and ahall coatinve to occupY the Praperty as Ban+mWei's principal . .
<br /> � . ' resideace for at least oae year after the date of occupana9.unless l.euder otherwise egees in tv�nteng.which constat sbalt . . `
<br /> . is
<br /> � . .'`. . not be unreasonablY witbheld.or ualess eatenuating circumstaacea e��teriorat��vomaait wasto on�th�S.P� ,
<br /> . . _ ' ,._..•� � �aot des3roy.damage os isapair the PmgErty.altow the Property. . -.
<br /> '� . Borrocver shafl be in default i�any forfeitu��ion or praceedinS.w�ethsr civil or crimiaa1,is b�Sua thnt ia Lenckr's . --
<br /> ,. � . t could result ia farfeituz�of the Praperty or otherwi�matesially impair the lien creatsd bj t,�is ...�_:.:,•.,
<br /> good faith judginen Borrawer may cUre sucb a default and remstate.es providcd in :
<br /> � • � � � Sec�mty Insuument or Lende�s secvrit9 inve�'e�st: to be dismissed with a rulsug that. ia l.ender's good faitb .
<br /> - . -- - - : Paragcapb 18. by ca��siag the actiaa or prace�f►g ent o4 tho lien '
<br /> . determinatian,Precludes forfeiture oi the Bonowei's intere�in the Property or other�al impairm
<br /> � created bp tlua Security Iastrumeat or Lender's security►interesk Borrower shaU also be ia default if Borrawer,during —
<br />`;�;:�u' ' ' � ` the toaa application process. gave mate;ialtg false or inaccurate iaformation or state�ents t�Lender (or failed to : .
<br /> buE afli
<br />"�:";;�.'. . . � ptovide Lender with aap material�aformati.�in cunaection fit�Pro �e as a nacbip thr�d�enr,a If�this Securit9
<br /> - � �� ' limited to.rePresentatious coacerning BorraRer's occuFan�9 Pe�Y P � feetit�eto �.
<br /> Instrument ia on a leasehold,Barcower ehall comply with aU the pmvisions of the lease.I�BarroWe�'acquire� �
<br /> _ � ' � � . . the Property,the leaseflold and the fee title shall aot merge unless Lender agreea to tt►e merge�ia Writing. �� �i_
<br /> � ' 7.Protection oi Lender's Rights in the Property.If Borrowet isils to pertorm the covenaats and agcam ���
<br /> , � wntained in this Securit9 Insuvment.or t�r.ere is a legal proceediag tbet map sign�iieantly effect Leuder's rights ia the ,P..
<br /> , � ` . ' � � property (such as a pmceeding in bankropu.9. Probate. for�condemnation ar forfeiture or W enYo� la��e �_��_
<br />-- ,. . . . teet the value of the Property --
<br /> � . regulatsoAS).then Lender may do and pay 4or whatever is necessar9 to Pro �--=
<br /> , . . . .. rip,hta in the Propercy.Lender's actions may include paying any sums secured by a liea which has priotity over this �:,r�,r
<br /> � �,_—
<br /> .. . � gecunty Instrumenb aPP�ng;a COU�Pa��g�Onable attomepa fe�and enteriag on the Propetty to make repaits.. �;=
<br />-.:� � . `_. .�. A l t h o u g h L e nder c¢$y take action under thr"�Faragraph 7.Leader does aot have to do so. �_—
<br /> � � . Anq amoua�disbussed bp Lender under t h is parngrap h 7 s h a t l b�c o m e a d d i t i o a a l d e b t o f B o r r o w e r s e c u r e d b y ttus �,.Y-�
<br /> t i�..::.�
<br /> . . Secu�ty I te of disbursemen B at he Note rate and eh�be payable. 1W'the n pterest.�n o�ts'ce from Lender Bo teresc �N`�=���'
<br /> . . 4ros�the da ti
<br /> - _ � . .. requesting paymen� •^ � . .�-
<br /> � 8.Mor4�ge tasorance.If Lender seiluired mortgage insurance as a condition of makiag the loan secured by this ' .'�.. .- .-�
<br />�',:�, . .: Security Ins�ument,Borrower shall pay the premiuma required to maintaia tha mortgage insurance in effect.If.for any . .,,_-
<br />_�'°;� -. . � • reason.t he mortgage insurar.�e covere g e reqnired by Lender lapses ar czases to be in effect, $orrower shall pay the . .:
<br />_-� � ;;;�,';�: ' � p r e m i u m s r e q u i r e d to abtain.ceivera ge suT�tantially equivalent W the mortgage ia�u�nce prz-vi�ausly in e f fect,at a co s t. r,,.. .
<br /> - sul�l:�tially equivalestt t�tUe cast w Borrower of ttze mortgage insurance prc�+i�us l y i n e f 4 e c t,f r o m a n a l t e r n a t e ,..:;7•{ -
<br /> � � � mortpga i n s u c e s a p p r oved �Y I��• 1� ��tialSy equivalent mort�aga �nauraace coverage ia not available.
<br />-`,;;:;,':; . to oner'twelftlr a4 the pearly mortgage insurance premium bei a�
<br /> _:�..,,; . . � . Banower ehalt�uy�to Lender each month+t c�m equal .
<br /> "��,r��t . si�by Borromer when the insurance coyers�e IaPsed or ceased to Le`sn effect.l.ender will accep�use asid retain th�e .
<br />•='s�:`.'.°'_ . pay�eats as a loss reserve in lieu'of mortgage in..�ce. Loss reserva payments may no tonger be required, ..
<br />_� _ . .
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<br /> . •Porm 302i 9/90
<br /> ' . J+,'r� 6RIlV��o:ts► • v.a•s or e tnitiata � .
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