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<br /> �••,�uwGia�e{�__ai �f�.�'�i.� ,�r�os,rare►��r.
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<br /> � - '� S. l�pr,�r�J or E'roperty I�igurunce. Aarr�wer shall lteep Ure iinpi�ovementti naw existing or herca tc cra:c on tl�� _
<br />--�_-�`N"`�=-�.��.�� Property insured ugaitist loss by fire, ha�.ards includcd within tiie term "extencicJ covcrn�;c" nnd nnyr othcr ha7airds, inrluding
<br /> '��` - -° floods or flooding, for which I.cndcr rcquires insurance. 'Tl�is insuruncc shail Hc muintUiucd in tho am��unts and for thc periais
<br /> ""''=��4I=���-��� ehat Lender requir�:;. The insurance carrier pruvidinb the insurance shnli h� choscn hy Ilorrnwcr suUject to Lender'ti npprovni _
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<br /> which shall not be unrcasunably withheid. If Borrawer fuiis to maintain covcrage dc�cribed abavc, I.cndcr may, ut I.s:uJei:�
<br /> -__""�'�'-;:;z7 optian,obtnin cover.igc to protcct Lender's rights in the Property in accordance with parnsraph 7.
<br /> —� l�'� All insuranc� policics and renewnis shnll be acceptnble tu [.cuder and shall include u stundard mortgu�e clause. Lender
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<br /> -•..�:�-��- - shall havc thc right ta hold the policics mid renewats.If Lcndcr requires,8arrawcr sl�all prampdy givc to L.cndcr all rcceipts af
<br /> . �t�"°`-�•"`'°�-'• `'s ' paid premiums and rencwal notices. In the event of loss.8orrawer shall give pmmpt nntice to th�insurance cnrrier nnd L.e�ider.
<br /> ��`'�"��'�"�'�'�� Lcndcr may mukc proof of loss if not made praiuFtly by Horrawcr. _ _
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<br /> �' � Unless L.ender nnd Borra�ver oshenvise n�ree in�vriting,ir�surance pracc:ecis shall be applied to restoration ar repair af tiie
<br /> ''• �� � ��.' � Pro crt dama ed. if thc restoration or re air is economically feasible and I..cnder's security is not Icssenecl. If the restorntian or
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<br />_ _�,+��.,,.'.�:,., � repair is not economically feasible or l.ender's security would be lessened, the insurance proceeds shall be applied to the sums
<br />':�;�'�;' "`.�";' "-,; securcd by this Security [nstrument, whether �r not thcn due, with any cxccss paid to Horrower. If Horrowr.r nbandons thc
<br /> _-'�: ':�:�°•• Property, or does not answer within 30 days a notice from i.ender that the insuratece carrier h.s offered to setde a clAim.then
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<br /> - ��'�.: : �• I.ender may collect the insurance proceecls. Lender may use the proceeds tu repair or restore the Property or to pay sums
<br /> -- " . ;���.}'- ,ecured by this Security Instrwnent.�:�hether or not then due.The 30-day period will begin when the notice is given. ,__
<br /> �;,;;.j. , .. .;, � Unless Lender and Borrower othen��ise agrec in writing, any +ipplication of proceeds to principal shall not extend or
<br /> postpunc the duc date of thc monthly payments refencd to in paragraphs 1 and 3 or change the amount of die payments. If
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<br /> � under paragraph.:1 ihe Properry is�cyuirul by l.euder, Barrawcr's right tn anti• ittsursnce F:nlic9es ar.�;.s^ceeds rest�ltinv rom �
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<br /> ° • dumage ro ihe 1'mperry prior to the acyuisitiun,Lall pa��tn t,cndcr w tlte extent of the sumc sccnmd hy this Security Instrument '___
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<br /> � =tr . im►nediatcly prior to Um acquisitian. =
<br /> `''f'� 6.�ccupuncy,Preservation,Malntenance and Protection of the Property; Borrower's Loun Applicution;Lr.s►sehold9. __
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<br /> ,r;`;�.;;� Borrower shall occupy,estublish,and use the Property as Borrowcr's principal residence within sixty days after the execution of =_
<br /> �= ' - =);;-•';�-- „i; �ccu,�ty lnst:,�mer.! ��cl ���?I�rnntinnr eo occiipy the Propertv as Borrower's principal residence for at least one yeur after __�._
<br /> .._' .m....'� the date of occupuncY,unless Lender othcrwise agrees in writin�, which consent shnll not be unreasonably withheld,or unless �
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<br /> ��!;�.. � extenuating circumstances exist which are beyond Borrower's contrUl. 9orrower shall not destroy, damage or iw�,uir ihe � --
<br /> _ � � r����� u;.�;;, s�;� p.���;-s� �., �Intnrjnratr, nr mmmit Was[C nn thc Property. Borrowcr shall be in default if any fot�feiture -�_
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<br />• action or proceeciing, wh�ther civil or criminal, is begun that in Lender's good faith,judgment cuuld result in forfeiture of the �__.
<br /> Property or othenvise muteriiilly impair the lien created by this Security Instrument or L.ender's securit�•interes[. Borrower may �ti
<br /> cure such a default und reinsiate,us provided in purngraph 18, by causing the action or proceeding to be dismissed with a ruling
<br /> that, ia l.cnder's good fnith dctermination, prcdudex forfeiturc of the Borrower's interest in thc Property or ather material �`'�
<br /> ,�:,;.. impairment of[he licn creatcd by this Security Instrument or La:nder's security interest. Borrower shaU also be in default �f -
<br /> � Borrowcr,during the loan application process, gave materially false or inaccurate inf'ormation or stutements to I.ender(or failed
<br /> � � tu provide l.ender with any material information) in rnnnection with the loan evidenced by the Note, including,but not limited
<br /> to, representatiuiis concerning Borrower's occupancy of the Property as a principal residenee. If this Security iii,irument is on a
<br /> . • leasehold, Burrowcr shall comply with all thc provisions of thc lease. If Borro�ver acyuires fec title to the Property, the
<br /> leasehold and thc fce titic sl�all not mcrge unlcss[,endcr xgrtcs tu thc merger in writing.
<br /> ' � 7. Protection of Lendcr's Iti�hts{n thc Praperty.lf Burrow�cr fuils ta perfe�nn thc rovcnants and agrecments contained in
<br /> ' ' this Security Instrumcnt. or thcre is a Iegal proceeding that may signiticantly affrct Lendcr's rights in Qie Property (such us a
<br /> ' , procceding in hankruptry, probatc, ti�r rondemnation or forfciture or to enforce lawti or regulati��nsl, then Lender may do and
<br /> pay for whatevcr is necrstiary t�i protcrt the value uf the Property and Lendcr's right� in the Pmperiy. Lender's actions may
<br /> ' includc puying any �umti ticcurcd by a lirn which ha. prioriry uvcr thix Sccurity Instrumcnt. .ip�x:►ring in court, paying
<br /> ' -� reasonable attorneys' fecs and entering on the Property to m:�kc rcpairs. Although Lcndcr muy take action widcr this paragraph
<br /> 7,L.cndcr dues ncu huvc tu do tio.
<br /> •. Any :�mciunts disbur.cd hy Lendcr undcr thiti par.igraph 7 ,hall hrcumr aJditional Jcbt of Borrou•cr sccurcd by ttiis
<br /> . Security Instrwnent. Unlr.� E3orruwcr and Lcndcr agrr�tu other term�af paymcn�, these amounts shall hear interest from the
<br /> date of Jisburscment at thc Ne�tc ratc and �hnll hc p.ryablc. �s•ith interest, upon notice from L.cnder to Borrower rcquctiting .
<br /> ' ' paymcnt. ' .
<br /> „ 8. 111ort};n�e Insurance. If Lrnder rcyuir�d mortgagr in�uranre as a runJiti��n uf muking the loun ticcurcd by this Scrurity
<br /> � [nstrumcttt. B��rr�iwcr �hall p.n� thc premium� rcyuir�J tu maintain thc nu�rtgag� insurancc in cff�cct. If. li�r any rcation, thc � ,
<br /> mortga�r insurancc covcraZ:c rryuircJ hy Lcndcr lapyc�or rcu+cs tu br in cCfcct. Borrowcr shall pay thc prcmiumti rcyuircd to i
<br />, ohtain cuvcragr subtitantially ryuivulcnt tu thr mungagc insurancc prcviously in cffcrt,at a cutit wbstantially cyuivalent to thc I
<br /> - cust to BottuN•cr nf thr nwrt�.ugc inwranrc pmviously in cft'crt. from an :dtcrnatc nwrtgagc in+urcr apprc��•cd hy Lcndcr. If ;
<br /> �• '' " sut�stantially ryuivalent m�,rtgxgc insuran«ruv�ragc iti nut availublc. Borrowcr shall pay tu LAndcr rach month a,um ryual ta i
<br /> � . . .. onc-t�vcltth ot'thc ycarly mortga�c in,urancc prcmium bcin�*paid by Bc,rcowcr whcn thc inwrancc cuvcragc lapsed ur crascd to i
<br /> ..,,,'., be in c(fcrt. Lendcr will arrcp[, u,c and rctain thcu payn�cnl�u� a lo„ rescrvr in licu of nwrtgagc in�uranre. Lo�, rescr��c
<br /> • Form 3028 9/90
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