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<br /> :��_��� 100497
<br /> ::,_, s. Harard cx propqtity 1�u�spoe. Bornnwer�twll kcep the improvemenu naw exictin� or herc.afier eroctad oo the
<br /> ,� .�� Pmperty inr�ural a�ai�u Ior�Y by fire. Iwa�nir included wi�hin the term "extcndo�i cnverr+ye"und any other iwzard�,includin�
<br /> flcKx19 or flondin�.for Whiqh l.ender reyuire�insurwice. Thia insurarke rJwl! bc nwinwin�xi in the wnuunts�xl for thc perlod�
<br /> that Lcixler reyuit�. 7'1►c iunu�anc�carric�pn�viding the inaurence siwll hc clwsen by Bnrruwcr subje�ti io l.ender's approv�l —
<br /> � .,�J. ,�;�� which sh•rll nut hc:unre:u�o,nAhly withheid. If Borrower failc�o mainwin coverage descrihed s�buve. Lc�der moy. w Lender'�
<br /> optiun.obtuin a�vcr,�go lu ptutcct I.en�ier's rights in tl�e Pmpcny in uccnrJance with paragruph 7.
<br /> All inwrw�ce polici�s�and rcnewalx xhull be wxeptable�o Lender and tiiwll include a standard mc►h�agc cl�uce. L.ender
<br /> - slwll h�ve the righ��o Ix�ld the policies:uid renew�is.lf L.ender reyuir��s.Barruwer shall prumptly givc tu l.cixicr ail receipts of
<br /> � p•rid prcmiums;uK1 rcoewul�wlices. In the event of losa,&►rrawe�slwll�ive pmmpt m�tice 10 the insw���arrier and Lender. c`
<br /> ° l.cmier muy make pra�f uf la�if ixit m�ie promptly by Burruwer.
<br /> " Unless Lendcr w�d�lurmwer othcrwlse agree in writing,insurunce prucceds shall bc applit�l tu re,toratian or repair uf thc —
<br /> ��' , -`'�fy Propeny darn��ed,if tha rc�taration or repair is economlcally feasible and l.erxkr's security is n�x le.+sened.If the r�toration o� _-_
<br /> - � �' repair Is not Nconcimically feasible or L.ender's �ecurity would be lessened.�he insurance praceeJs shall be applied to the suma
<br /> _� '`•`�Y�:. se�.vrod by thi�Seeu�i�y Instn�ment, whether or not then due, with any excess paid to Borrower. If Barmwer abandons the �..ss
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<br /> � '-•'sY.4� �. Propeny. or dc�es not ansWer within 30 days a notice from Lender that ihe insurance carrier has afferai to setUe u claim, th�m
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<br /> — .�. l.ender may eollea tha iRSUrwke procecrls. l.ender may use the praceeds ta repair or n.�store the Property or to pay suma _
<br /> — sccurcd ty ihi.Se.:urliy f[uttvme:nt, whcther or nW then due. The 30-day perial will begin when the notice is given. �..__
<br /> �` � - �,•,�`�"z Unless L.ender s�nd Avrmwer Mherwlse agree in writing, any application af proceeds to principal shall not extend or _�
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<br /> - ���' ''� ` postpone thc due dnte of the monthly payments ret'eRed to in paragraphs I and 3 or change the amount af the payments. If —
<br /> ---- "6" % under parugraph 21 the Ptopeny is ucquired by Lender, Borrower's right to any insurance policies and praceeds resulting from �_
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<br /> damage to the Property prio�ta the acquisition sh�ll pass to l.ender to the extent of�he aum.c�ecured Dy this Security Instrument
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<br /> � ;� .':_�. � inunediatcly prior to tha acquisition. �,;
<br /> �� ,,;�,,;*;u;,,.,�.,� 6.(kcupa�ncy,Pr�rvs�lion.Mainte�wace and Pnotection ot tbe Propeny: Borrow•er's Loan Applicatioa; I.e�selwld�. _
<br /> _� „�,� "• ; Borrower shrtll occu�y,rstahlish,and use the Property sis Borrower's principal residence within sixty days after Ihe execution of —
<br /> -`= �<, �� tr, this Securiry lnswmc�x and shall continue[o accupy the Praperty as Barrower's principal residence for ut leact ane year after
<br /> -�`=��' • �•;3�� • the date of occupancy.unless l.ender otherwise ngrees ir�writing,w�hich consent shall not be unreusonably withheld,or unless
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<br /> �•� . � • `` extenuetiqg circum�taoG�`�exist which are beyand Borrawer's contml. Bonower shall not destray, dam�ge or impair the _
<br /> �t:� �" - '' Propeny.�Ilow tba Pr4peny to deteriorate, or rnmmit waste on thc Pn�perty. Borrower slwll 6e in default if nny forfeiture —•
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<br /> � action or pra:eeding. w•i�ther civil or criminal,is t+egun that in Lender's goad fAi�h judgment could result in f'orf'eiture of the ---
<br /> .'�' � � Property ur ntherwise muterially impair the lien creAted by this Securiry Instrument or Lender's security interest.Borrower may
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<br />=:',�,'�:� �' wre sucb u default and reinstate,ac provided in paragraph 18,by causing the action or proceeding to be dismissed with a ruling
<br /> ==="�= -- '" '� that, in �.sntler's gosx► feith determinsq��n, pre.clude.. f�rt'eiture of the Borrower's interest in t6e Propeny or other rns►terial
<br /> '�' ; ��'���w im sirmem��f the lie�creuted b this Securit Instrument ur L.ender's securi� intereu. Borrower shall ulso be in default if —
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<br /> '1't Barrowc:r,during the Iw�n upplication process.�ave materially false or inaccurate infornia!ion or statements to l.ender(or failed
<br /> _ , � to provide L.ender with any material informationl in ca����Kion with the loan evidenced 6y the Note, including,but not limited �
<br />�y�;�... ;��;� � w.repr4sentations com.rrning Borrower's cxcupancy of the Propeny a�a principul residence.If this Securiiy In�trument is on o
<br />- leasehold. Bormwcr �hall comply with all the provisions of the lease. If Borrower acquires fee title to the Praperty. the _,
<br /> -,��;;' Icasehold nnd U�e tea title shall not mcrge unless Lender ugrees to the merger in wri�ing.
<br />-%: „ ` •° 7.Protectbnof,Lender's RiRhts in the I'ropeAy.If Borrower fails to perform the coven;tnts a�d agreements contained in �
<br /> ����-" �` � '���:: thia Security Inurumsnt. or there is u Iegul procceding thot may significuntly uffect L.ender's rights in the Property(such as a �;`�;;
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<br />:;tiJ;,.' . praceecling ln banktuptcy,probatc, for cundemnution or forfciwre or to enforce laws or regulutians), then l.ender may do und
<br /> , ,.,,,. � pay for whatever is necessary to protei:t the vulue of the Property a�xl LenJer's nghts in the Propeny. Lender's actiuns may
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<br /> ,..,,� ,f�•_ ° include paying any sums tiecured hy u lien which ha� priority over this Security lnstrument, appearing in coun, paying
<br /> ''�. = reasnrwble attom�y� fees und entering on the Propeny to make repairs. Although Ixncler may take action under this parugrAph ---
<br /> ' i 7.Letxler dc�cs nu�hs�ve ro do ro. �
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<br /> : � Any nmountfi dixbursed by L.endcr unJer�hi, parugraph 7 ,hall become udditional debt of Borrower �ecured by this __
<br />_,� ' - ;�•.r. . .. � Securi�y Instrument. Unl��+s Barrawcr and Lcnder agree to�ithcr terms of payment, these umounts rhall be•rr interest from the =
<br /> �:;• •, , :. date of di!ibursenxnt ut the Nde ro�e and yh�ll t�e payable, with incere�t, up�m M��ice fram Lender t�i Borrower reyu�titing �-
<br />.� � � Paymcnt. � _
<br /> 8. Mortgage Insurnnce.If L.ender reyuir��l mongage inwrancr a.a condition�►f making the loan srcured hy thi.Security ��
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<br /> lnstrument, BoRower Fhall pay the premiums reyuircd to maintain the mortguge insurunrc in eFfert. If', tiir any reason, the
<br /> ` nx�rtgage insurance coverage requir��d by L.ender lup�e�or reaties tu he in effect. &►rrower tihall pay the premiuma reyuireJ to �_:-
<br />:. ���• nbwin eoverage subxtantiully equivulent tu�he nwrtgage insurance previouslv in ei'fect, ul a cu�1 w6�tuntially eyuivalrnt to tlte ''
<br /> . cost G> Bonowcv of thc mortguge insur•rnre previuu.ly in cff'ert. fram un altemate morlgagr irourer approv��l by Lendcr. If
<br /> substantially cyuivulenl mi►rtgage in.uranrc ci�vcrugc i+ nut uvailahlc, B��rrowcr,hall pay ai Lender each munth a .um cqual to '
<br /> ; ,� one-twelfth��f thc ycady�mmgagc in�uranre premium hcing paid hy Borro��•cr whcn thr intiurancc rovcruge lap�1 i�r rea+�Kl to
<br /> • be in effect. Lerxler will acccpt,u�c und reluin tl�+e payment,r, •r lo.. rc.crve in licu of rtn�ngage inaurance. Lo., rc,crvc .
<br /> �� Fam 3028 8/90 �
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