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<br /> 5. ��or Feog�ty Ynst��� B��:�ti� shilf [���&e impmvemenu r.oa.existing or_heeeaftez e��ec4c� on tt�ee . � ° ----- -
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<br /> _ ._ Pinpee¢y In�uerl, R.'._i tass.bX�t, s����T��thin'ths term"exte�ded coverage"a��d azry other ftara�ds.I�cludigg �.
<br /> u�a�ns 1�_~ ----------
<br /> ttaQds a€ftaoding.for which LenQ�tr requirzs it.^,tt�d,.r.e:�is insurance sha116e inaintairc�d�n the cunouflis��n3�'Qr the�pericd� --- � _
<br /> t6at Lendcr r�quirc�.The i'esuraaco�casrier p-uai��:�?tlt�intt�ran�e shati b'�c,�osen by Bnrrow�subjert to L�ensSes'�appraval •
<br /> ur�icE�.shalt a�ot bs n�r�onahly wj�hheld.If,B.'�t�:�er faiLs to maintain cc,vetage d�xribed sl�sove, Lend�.c atay. ut_i.ead�r's . _�_��
<br /> a�ption.obtaiR coverage ta protect Len�ler's righ.e��*!��t��operty i�acco�lanc�with paragaph 7. ' .� �
<br /> Ali tasu�nce �olicies aad tea.wals sh�13 b+3�ceptable ta Lender and sh�lt inciude a staadata mbrtgage clause. Le�bder'� . --
<br /> ' shat!ba�e ttie right to hald the pofiities and tc��lar{If Leader r�uiies.'�orrovrer shal�pro?�ttiY give�w L�a:der ei!neccipts o€ ._--_--�__=_-------
<br /> paid pre�iatns and rene�va!notic�.s:;:In the e�rer����ss.Borro�ver shall give pmmpt norice w the in4urance carrier and Lender. , � --
<br /> LQndec may ma&e praof of loss if nat madr psn,�,;�jt.€sy Baumtiver. � '°` _- ---
<br /> Untess Leader and Emeawer aiheswis�agce�iit v�riting,�ce praceeds shali.be apgliei�tn;estmatiai�ar;�air of th.^, - - -----
<br /> _ __ _.i-zopeny da�gea';�ime iesiur�ion oi iep�i i�sa�wi�:y feasivte asd�r's s�rity is nat 1:Ns.,�.If:he c�tarati�n flr �=L ---
<br /> r�air is aot ecanomicalty feasi`ble or Lender's s�ity wa:�d be tessene�,t�insurauce praceec3s shall be applied to ths sums . �---.-�_ ----
<br /> stcttrea by this Secauity Insaume�t, whather ar ni1�th�due,with auy excess paid to Borrpwer. If Botrower abandans the . __=-
<br /> Pcoger[y,ar daes Ervt��tsarer withitl.30 days a er.rdi+e fram I,ender thas the�tir.�nrx carrier bas offered tn,aei�te a c�asm,then -_ ____ -
<br /> Leuder may ooller,t,�Ytrr#�lrance�ceeds. L�-,dtg may use the�������air•ar.a��the L?#�t�137;�:'a'a3=�-�`ums --
<br /> s�,C;�^�.�������:,�t�;�`r,�er ax cr�:then due.'!'�e?ti��s-�.'-it��r�CL��x�v��tr t�e,�i(ra�us�,�s. �.. ` _-- ------
<br /> Uf'���:26YA��'Ll'J��Fi`�'!.i1��J�'1I58 H�C Itl WililIIy?.c.=..j 2�t�.�S.."(l�Il7R:l�[?��LLIJ�'.(�'F;fl3 p[4'LILx{I.i�.��,��"LTY" ' - __ _---
<br /> : _—:._..
<br /> gostg�t�.�cf�ti�tt�e ia��.ba�'PaY�rus c�esr�d to in parat,�raphs �`�rnri'i at c�aage the a�aruit uf the payments. 1f . -----
<br /> auder�r�aph 21 �Property is��uired by I:e�er:Borm�ver's rig6t to a�iy insurance policies and procceds resWting Pram -___
<br /> damage to the Property prior ta the asqaisiti4�:r�a�.l pass to Leader to the exteirt af�the sums secared by dus Security InstrumeAt �'�-_--
<br /> i�tcd;atcly p�ior ta the acq,»i�tion. ' � �
<br /> 6.Oceupaaty,FrPServatina,Mniu2eas�.e c�fsi Pratecttoa of tfie Property,Horrower's Loan Appltcation;�sehnids. ' �"---�=�-- -
<br /> 8orrower shail oaupy.establish,aud use the F:t�3ray as Borrower s prirtsipal resi�fertce within siaty days after tite eaecuaoa of ����,.__-�_-___
<br /> this Secarity lnstrament an�shall co»tinue to�trpy the Property as Barruwcr's priacipa!residCnce for at least otte year sifter �°'-_
<br /> the date of occuyancy.uNess I.cttder othenvise a�rees in writin�.which u►nsent sh�Jl nat be�unreasnttably withhelJ,or uNcss �;���.��
<br /> extenuati4e circwnstances caist which are b�ryr�cd Eono�ver's con2rol. Barfo�ver shall not i�troy. dam;�e or impair the � t"�'�` --
<br /> Peoperty,allotiv�he Property to deteriorate,ar cnmmit wastc on the Property. Qor�awer Fhall be in dcihutt if any forfeiture '"'' �° --
<br /> action ar proceeding.whether civil or cd�er.nt,�x b�gun th;st in t�nder'fi goad faith judgment cauld result in farfeitutc oi the .$r�t-•
<br /> Property or�thenvise materialty impa�r tha fi�:rt c�eated by thi$Security instrumcnt or Lcadar's sccurity interes.t.8orrower may � �-_ y
<br /> eure such a defaull and reirlstate.as pmvided'acc tiy�tagrdph 18.by causing the acti�n or proceeding to be dismissed�vith a 4t►lina � '-
<br /> tttat. in Lender's good fa�ith determi�Yation, pca�ciudes forfeiture of the Borrower's intcrest in the Prapetty or other materiaf :��.
<br /> impairment of the lien crated by this Securit�•;�fnstmment or l.ender's security intetest. Borrower shall alsa be in defaplt lf •�� ;.,.�'
<br /> Borrower,during the loan applicatiott pracess.go�ve materialty false or inaccurate information or statements to Lender(or failed
<br /> to provide Lender with any material inform.�tta.;!in connection with the loan evidented by the Note.including,but not limited �'�
<br /> to.representations conceming Borrower's occu�uncy of the Property as a principal residence.If this Security Instrument is on a •
<br /> lea�ehold. Borrower shall wmply with ali thes provisions of the lease. Jf Borrower acquires fee title to the Pmperty. the '� �
<br /> teasehotd and the fee tide stmU aot merge untessi�.end.er agees to the rnerger in writing. ��'�'`� `
<br /> 7.PtoLectton af ll.¢�des's Rights in t�e P►tiperty.If Borrower fails to g;�form the covenants and agreements contairted in `-�.''�:,-��y
<br /> this Securiry Instrument.or there is a legal pr�ing that may signifirantlp .sil'�ct Lender's rights in the Property(such as a ' r:�,,t:,.:
<br /> pmceeding in bankruptcy.probate. fur condemrration or forfeit�or to enfc:x iaws or re�ulations). then Lender may do and ,�;�'"
<br /> eu
<br /> pay for�vhatever is necessary to Freti�t.th.e vulce of the pro��ty and Lendei s righu i�ti1.:Property.Lender's actiams may • . `,�'•%�� ��•'l�' -
<br /> include paying arry sums secu�d �;�a lien,��h:ch has priocir• over this Security Ir�r.er,a�tent, ap��ing in wurt, r,�ing '• �=�` � �'�„,'::-�
<br /> �.i'�riF��i 't^ -
<br /> reasonable attorneys'fa�attd e�nering on th�e Pr�:�rty to made repairs.Aith�ugh LenCer;R:aq take zctG�r,ander this paragtaph , _ •' :�•�_t-:.� �.-,� ;
<br /> 7,Lender does not tuv�,til do so. :�,;:� _
<br /> Any antounts di,�:��rsed by L.ertder uadoc this parsigraph 7 shall ba�:�.�additicr,:al'4ebt of Borrower secvred by this ::;;,_��j F 4
<br /> Security Instrument.Lcttess Borrower and [�nder agtee to other terms of payment,these amonnts shall bear interest from the - •'� �
<br /> dAte of disbursement r�.the Note rate and shnll be payable, with interest, �°,on notice from Y.ender to Borrower reqvesting ' { i`
<br /> payment. � . ' . � r`� .
<br /> 8.Mortgage iu�ctnce.If Lender reyuir�mortgage insurance as a 4a�{:":ion of making the loan secured by this Securiry , .: '�•_.
<br /> Instwnent. Sonower shall pay the premiurns�required ta ni�ir.r.ain the rr.cnbage iasuns`wz in effect. If. for any reason, the -.
<br /> mortgagc insurance coverage required by Lend�r lapses or c.:�;<a;s to be in effcct.Bonna-,�shalt pay the premituns required to •. •�
<br /> obtain coverage substantially equivalent to d:�:murtgage insur¢nce pteviou_ly in effect.ac a cost subs��!ially equiv�lent to the '
<br /> cost to Borrower of the mortgage insurance pn:>i�usly in effect. from un a:temate mortgage insurer:�{�:roved by Lender. If . ; '
<br /> substantially eguivalent mortgage insurance caverage is not available,Bonower shall pay to Lender ea;�month a sum equa]to �` � �
<br /> . one�twelfth ot the yearly mongage insvrance premium being paid by Borrower when the ir�:u,�:ce coverage lapsed ar ceased to -
<br /> be in effect.Lender will aao�+t,use and retaim these paym�nt�3s a loss reserve in lieu of auortgage insurance. Loss reserve � '. ���. .
<br /> � Farm 3028 9/90 , �
<br /> Pago3o16 � . �
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