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<br /> Sr �nr�7 or Praperty G�snrsenre. Horrowcr thatl kecp tho improvcntonts now exist�A�n c��ftcr� c��i�ct on the
<br /> Propcny insurcd agalnst toss by flre. huzards incladc� within the term "exteaded roverago;' and nny other huzne•da, including
<br /> floods or flauding.for which Y.ender requires insurnnce.This insurnnce shull be mo3ntuined in the umoun�s and far thc periada
<br /> that Lender requires. The lnsurance csuTier providing the insurnncse shNl be choaen Dy Horrower subject co i.eiider'x npproval
<br />: whtch shuli not be unreasonnbly withheld. If Borrower fails to mnintnln cavernge d�cri6cxl above. Lcndcr rnay. ut I.c:nder'H
<br /> option,obtn�n covernge to pratect I.ender's rlghtn in the Property in ar.cordnnce with pamAmph 7.
<br /> All ins,urance policles and rene�v�is shall be�cceptable ta Lender aad shall ir�clude n ntnn+inr�i mortge�e cleuse. Ixnder �- .
<br /> shati have the dght to hold tde poltcIes ond renewuls.If I.ender requiees,Barrawer shatl promptly give to L,cnder atl receipts of
<br /> paid premiums aind renewal notIces.In ths eqent af loss.Honower shalt give prompt noticc to the insurance cunisr tutd Lender.
<br /> Lender may make praof of loss if not made promptly by Borrawcr.
<br /> Unless L.ender sind Barrower othenvise n�rce In writins,insurunce pr�a shall be npplted to restoradon or rcpctir of the
<br /> Property dama�ed,if the cestoradon or repuir is economically feustble and I..ender's securiry is not lessened.If the restorntIon or
<br /> repair is nat economically feasible or i.ender's secudty wauld be lessened. tbe lnsurenre proceeds shnll be o�+plied m the�ums __
<br /> secured by this Securiry Instrument, whether or nat then due, wlth any excess paid to Barrower. if Borrower abandons the
<br /> Ptaperty.or does not answer withtn 30 days a notice from Lender that the lnsurancc carrier has offered to settle n claim, then
<br /> Lender may collect the insurance procee�is. L.ender muy use the procceds to repair or restom the Property or to pay sums
<br /> secumd by this Security Instrument.whether or not then due.The 30-day period will begin when the notice is�iven.
<br /> Unless I.ender and Borrower otherwlse asree In writing. any applisadon af proceeds to princfpal ehall not excend or
<br /> postpone the due dute of the monthly payments referred to in pare�raphs 1 and 2 or change the amount of the payments. If _
<br /> under parograph 21 the Property is acquired by Lender.Borrower's right ta any inszrarice policies und proceecla resuttlAig Ceam `
<br /> danwge to the Property prlor to the ncqu�sitlon shall pass to L.ender to the extent of z7u sums secumd by this Security Insmiment
<br /> iunue�t�ntety prwi tu ih�acqu�sttt.�iti. �.
<br /> 6.lkcupancy,Preservatton,Maiatenance and Protectian of the Property=Somower's Loan Applicntlon;I.easehoids. —
<br /> Borrower shatl accupy.establish,and ute the Pmperry as Borrower's pr�nclpal residence within sfxty days after the execution of �_
<br /> this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year ciRer
<br /> the date of occupancy,unless L.ender wherwise agrees in writing, which consent shall not be unreasonably withneld,�r unless
<br /> extenuatins circumstances exist which are beyand Borrower's control. Borcower ahall not destroy. damage or impair the --
<br /> � Property.allow the Property to deterlorate, or commlt waste on the Property. Borrower shall be in default tf any forfeiture
<br /> . action or praceeding. whether civit or criminal,is begun that in Lender's good fait2�judgment could result in forfeiture of the
<br /> Property or otherwise materiaUy impajr tha lien creuted by this Security Instrument or L.ender's security interest.$orrower may
<br /> euc�e suci►a defauic and reinstate,as provided in parugruph t8,by causin�iho acGun ar pnx�r�xting iu ba Jiattussal witl�i n�-utln�, `
<br /> that, in I,ender's good faith determination, precludes forfclture of the Barro�ver's interest in the Properry or other material
<br /> impairment of the lien created by this Security Instrument ar Lender's security interest.Borrower shall also be In default jf
<br /> Borrower,during the loan applicatton process,gave matsrially false or inaccurate informauorx or statements to Lender(or failed _
<br /> to prov4Qe Lender with any materiul intormation>in connection with the loan evidenced by the Note, inciuding,but not limited
<br /> to,represcntatians concerniug Borrower's accupancy of the Ptoperty as n principal residence. Tf this Securiry Inst►vment is on a
<br /> leasehold, Bonower �hail comply with all the pravisions of the lease. If Borrower ucquires fee title to the Property. the �
<br /> leasehold and the fee tide shall not merge unless Lender agrees to the merger in writin�. -'°�
<br /> 7.Protectton of Lender's Ri�hta i�the Property.If Bnnower fails to perform the covena��ts and agreements contained in ��--
<br /> thls Security Insuument. or there is a le�al praceeding that may si�nificantly affect Lender's ri�hts in the Property(such as a �``�
<br /> procerding in bankruptcy.probate,far condemnation or forfeiture or to enforce Inws or re�ulutions). then Lender may do snd 6-,
<br /> �,�
<br /> pay for whatever is necessury to protect the value of the Property and I.ender's ri�hts in the Property. Ixnder's actions may p:�-�
<br /> inclade paytng any sums secured by a lien which has priority over this Security Instrument, appParjn� in court. paying [�s-`;
<br /> reasonable attorneys' fees und entering on the Property to make repairs.Although Lender may talce action under this parngruph L.��
<br /> 7.I.ender does not have to do so. "��
<br /> til_,.,
<br /> Any amounts disbun..ed by l.ender under this parngraph 7 shall become additional debt of Borrower secumd by this �•,_
<br /> Secudty Instrument. Unless Borrower and Lender agree to other terms of payment,these arriounts shnll beur interest fram the
<br /> date of disbursement at the Note rate und shall be payable, with interest. upon notice from Lender to Bvrn�wer reyuestin�
<br /> payment. �
<br /> 8.Mortge�;e Insurance. If Lender required mortgage insu�ance as u condition of makin�the loan secured by this Securfty
<br />- Insttunieut. &n•ruw.�r shaU pay the pmmiums required to n�ai�itniu the mon�uuge imurwice i�� effee:t. If. fur any i�on. the °
<br /> tnortgage insutance coverage required by Lende.r lapses or ceases to be in effect,Barrower shnll puy the p�emiums requited to
<br /> obtain covernge substantiaily equiv�lent to the mortga�e insurance previously in effect. At a cost substantially equivalent to the
<br /> cast to Borrower of the mortgnge insurunce prevtously In effect, from an alternate mortgage insurer approved by Lender. If
<br /> substantially equivalent mo�tgage insurnnce coverage is not avuilable,Borrower shall pay to Lender each month a sum equal to
<br /> one-twelfth of the yearly mort�a�e insurnnce premium bein�paId by 8orrower when the insurance covera�e lapsed or c�a.�ed to
<br /> be in effect.Lender will accept,use:uid retnin these payments a5 a loss reseroe in lieu of mort�a�e lnsurance. L.oss reserve
<br /> Form 3028 8I90
<br /> ' Pepe 3 0�0
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