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<br /> S. H��rd or Pruperty Ita�urancr� fic�rrnwcr eitull kap Uid iniprovcnN:nts naw cxin�l�ixl un �Nher�hauudr. Itx1l�xfin�
<br /> _ _ -, Prci�xrry inti+�raf nF.ainst luss by tirc. 1nv.'�tds Inclucicd will�in�itc tcr�n °cxte�xlcd cavcri+Ba' ,u Y _
<br /> flaods nr fl�xxling, far wtiich L.c�x�cr rcyulr�cti Insuranco. '�I�is InYU�a��cc h�ti�ilt L�m:�ntal�uyl in dic nn�<wnts und f'�r q�c(xd��ls ,-_____
<br /> thnt Lendcr rcyuires. Thc insuran`it!1 cldr frl�orr�wcr faf[s to,m�intuin a cr:►gc�d�abed nbavchl.cndcr'nu�c ut I.eixle��4
<br /> __��; which shall not bc u�ucnyonably , n in accuMi►ncc with parugrnpl�1.
<br /> ! option. oUt:►in covcragc to pratcct I..endcr's ri6hts in thc Pmpc y _
<br /> – All insumncc policics and rene��rals sh�dl bc acecptable ro I.c►sder nnd shall include n stanclard It10clsc�gC CIitUSC. I.cnder
<br /> -- shall have the right ta hold the pat:c:ies and rencwals.lf �.ender requires,Burrower shull promptly givc to i.cnd�r all rcceipts af
<br /> —' paid premiums and rene�vul notic..s.In tho event of toss. IIonower sliaU givo prampt nntice tn Uie insurancc carrler nnd I.ender. � __
<br /> �"��'f"=`� Lender may make pcoof of los,if nat��udc promptly by Bot�rowFr.
<br /> —�, Unless Lc:ndcr and Honower othenvise agrce in writin�,insurancr ptYSCa;ds shtdl be appl�r,cY to r�stqr�tion or repair of the
<br /> ---___. pinpQ�y damagcd,if the rest�ratinn or ecpair is economicel ly feaslblo und i�:ndcr's s�curity is not lc6senccl. If tlie restoraqon or
<br /> _• repair Is not cconomically fcasible or Lender's security �voadd be lessena.�.the insurance praceeds shall b�applied to the surns
<br /> _—�= secured by this Security Instrument, whether onQi��omdl.ender�t ut he ln urance aurBr t as offered to s tle a cla m,sthen
<br /> - Proprrty, or dacs not ans�ver within:�D dnys a -- -
<br /> –�°"��`�`�"-�''� Lendee may collect the insurance proceeds. Lender may use the proceeds to repuir or resturG the Property or c� pay sums
<br />' i1�,�sryc.i.k�:�,���.�c � secu U leseh'I..enclerr'andn8 nower o hetrw 5cra�ree n vr tin�.eany�apP�tcat on of proeeeds to pr ne'pal'sl allenot extend or R= __
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<br />-�;;;-���;,;;:Jt . ;a postpane the due date of the monthly payments referred to in paragraphs 1 und Z or cluinBe thc amount of the pnyments. If —
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<br /> ,,_ under puragraph 2l the Praper.y is acquirect by Lender,Borrower's right to any insurance policics and proceeds resalting om
<br />- `�41t ' dumngc to the Property prior to tha acquisition shall pass tc9 I.Gnder to the extent of the sums sccured by this Scc:urity Instrument
<br /> ='.'`'"��'�'•� "?�,. immedi�tel rior ro thc aequisition.
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<br /> . 4`, ,•��•� ;� 6.Occupuncy, �'��'�'ation,Maiutenance And Protectfon of ii►e r o�e.y"+sa�:'�t"-r's L�eAe� APnlication;Leaseho .
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<br /> ,.s�: ,�;: �• Barrower shaU occupy,establish,and use the Property as Bartower's principal residenct:u�ithin sixty days after the execuuon of
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<br />_;•�:;?�,;;,�._•;�.;��•�; this 8ecurity Instntment and shall continue ro occupy the Fropeny as Borrower's principal residence for at least one yc;ar a e
<br /> ; , . ;�;;�,:';•• thz 3a.s �f.Mc�'r�s=Y•'�n�`-'"i.ender otherwise agrees in writin�. which consent shall not be unreasonably withheld,or unless
<br /> � : �=Y�,•�, extenuating circumstances exist which are beyond Barrower's control. ttorrower snuii uut :�F�t:zy, da:.:�ge �r '-mF�'r the �
<br /> ''�n:.:` Property. allow the Property to deteriorate,or commit waste on the Property. Borrower shall be in default if any forfeiture
<br /> �'��;�'�(:;�•' action or p�uc�ecling, w het her civil or criminul,is begun that in Lt:ndee's good faith jud�;ment could result in forfeiture of the
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<br />.:.;;, .... ..,r . ; property or otherwise materially impair tha lien created by this Securiry Instrument or I.ender's security interest. Borrower may
<br /> ��•:�', �•, ;� cure such adefault and reinstxte,as provided in paragrapl► l8, by causing the action or proceeding t�be dismissed with a ruling
<br /> �r- �`` '�«' �� � that, in Lender's good faith detcrmination,precludc� forfciture of thc Borrower's interest in the Property or other matcrinl
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<br /> �'},;..ti_�� . , � impairment of the lien created by this Security InstPUment or Lender's securiry interest. Borrower shall also be in dcfault i _
<br /> �� � Borrower,during thc luan application process,gave ma�erially false or iiiaccurate information or suttements to[.ender(or failed
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<br />�.;; �-��� ; ..,p.�- to provide Lender widi uny material information) in connkction with the loan evidenced by che Note,including,but not limited
<br /> �' '�' • � to,representations concerning Bonower's occupancy of tt-ie Propeny us a principal residence.If this Security Instniment is on a
<br />.s%:.-. ��•�:h�•. �� leusehold, Borrowcr shall comply with all thc provisions of thc lcase. [f Burrower acquires fee title ro the Pra�erty, the �
<br /> �`;�''�° " �'` •� " leasehold and the fcc tide shull not merge unless L.cndera�rees ro the merger in writing. _
<br /> -•�, ��r.:-�•:� If Borrower fails to perform the covenants and agrcements contained in r.—�_
<br />•',,�,,,��r.,�•,,,, 7. Protestton uf i,ender's Rights In the Property.
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<br /> � .',-;.,:,. .� this Security Instrument. or there is a legal procrxding that may significandy affect I.ender's rights in the Property (suc as a ���,,,
<br />:�:;�� "��;�,r', proceeding in b.znkruptcy, probate, for condemnation ur forfeiwre or to enforce la�vs or regulations),then Lender muy do and
<br /> _ ` �'��`` ' pay fur whatever is necessary to protect the value of th�Pruperty and Lendcr's ri�;hts in the Property. Lcnder's actions may ,�,.,�,_
<br /> •� ;, include paying any �ums secured by a lien which ha� priority over this Security Instrument, appearin� in court, paying ��_-.
<br /> '•.. rcasonable atWrneys' fces and entering on thc Property to m�kc repairs. Although LenJer may takc action undcr ttiis paragrnph �°.
<br /> _ �:'`'��;} ' 7.L.enderdoes not havc to do so. �"�_�
<br /> _ ?:�r:� '� � Lcnder under this paragraph 7 shall becomc addition;►l debt af Borrower secured by this ,
<br /> • � ,* � , � Any amounts disbursed by '";
<br /> � • �� � .�; 5ecurity lnstrumcnt. Unless Burrower and Lcnder ugrce to othcr tcrms of payment, thcsc amounts shaU bear interest from the
<br /> -"'�r '^ " .0 date of disburscmcnt at thc Note rate and shaU bc payablc. �vith interest, upon notice from Lendcr to Borrower requesting '
<br /> ;:
<br /> : . �s payment. ..
<br /> � �`.'': ;} 8. Rtortgage[nsunince. If Lender rcyuired mongt�gc insurance as a conditinn of making the loan secured by this Security j.._
<br /> - '=�;'�� � ;_:�?�+ � Instrument, Borcuwcr shall puy thc premiums rcquired to maintain the murtgage insurancc in cffcct. If, for nny rcason, thc er.;`_.
<br /> ��_�y :•.'�',, mortgagc insurancc covcragc rcyuircd by L.ender lapscs or ceascs to be in effcct, Borrower shall pay the premiums rc.quircd to
<br /> '�_. ', • � `,; obtain coverage substantialty cquivalent to the mortgage insurance previously in effec4 at a cost substantially equivalent to the
<br /> ' :. -� � wst to Dorroaer of the mongagc insur.ince previously in effcct, from an alternatc mortgagc insurer approved by Lender. ]f
<br /> ' '.'��.' ., substantially cquivalcnt mongugc insurancc covcrage is not uvailnble, Borrowcr shcill puy to L.cnder each month a sum equal to ,...
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<br /> '•`'�: •c one-Swellth of thc ycarly mort6agc insurancc premiurn t>eing paid by Bottower whon the insurance wvcrage lapsed ar ccascd to
<br /> �. _ ���; be in effat. Lender will accept, use and retain these pay ments as a loss reserve in lieu of mortcage insunnc:e. l.��ss reserve
<br /> . , I Form 3028 9/90
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