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<br /> .. � . . ���.: 92-�02408 _
<br /> _ � �K.,,,,�, .�,r� .�, ', b� �� M 1�ertY �p�p�raM�c. Butmwer sh�ll kucp the fmpmvement.r• now caiating on c�reuRer erected on the __
<br /> �,�.•r�?w...r�';r±�F�,•,d�•,, pmpeny b,w�a1 a��lnw 1'xu�hy liro. IwrLnix includal wi�hM thc �erm "extcndal cuvcrugc" and any athcr ha7ards,Including �,_.,,... __.
<br /> t . It�w�ir��r Ilw�lin�t, li�r wM�h l.cnder rcyuireH inwrancc. Thia insurunce xhall be muintained in the ariwunts And far the periads _ _ _ _
<br /> ' � , ltwt���wlc� nyuit�r. Thc Insurwnrc rurricr providing thc inauranre shull hc chasen by Bormwcr subject w Lcnder'y uppraval ��'�:
<br /> ' which �hwll Mw Ix unru�Mm�hly wi�hhcW. If&irrower fAila to muintuin coveruge der•cribed above, L.ender may, at l.ender'� ____ —
<br /> , . . , � u�Mi��n, ��hu+in rovrruKc tu pr�d�tit lAndcr'ti dgh�+�in thc Property in accordancc with parngraph 7. �_-
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<br /> � All In�ur,�nrr {wdlr i�� unJ rcncwulti hhull hc ucccplablc to l.cnder ond shall include u standard mortgage clause. L.cnder ��_.
<br /> ' -.. . ° ' rhwll iwvr Ux N�{M lu h�dJ thc�ilfric.wnJ rencwalx. II'Lcndcr requires.&xrowcr rhall prump�ly giv�to L.i:ndcr all rcccipts of �-__-_-- . - ..- -
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<br /> � . prid prrmhunM wnd rcnewul n�uiccr.ln the uvent of lowx,Bnrrower xhall give peampt notice tcr tha insurance carrfer and Lender. '�,r
<br /> -�-,'._�,�ti�,,.�,' -- L,cnJcr nwy�iwkc pr�w�f of la*.r ii'nol mwlc pr��mptly by Borrawcr. �r;_,n,----.
<br />�- . . llnlc.�I��alcr un�l t��rr��wc��Nhcnvi�ugrce in writing. insuroncc pnk�:ds yhall bc applied to restorallon�r repair of the �,i,,_ :_-_•-__-,,_,_ .
<br /> . , pn�riy�n�u�{c�1, if�hc re�l��ruli��n ur rep•rir i���conamicully feaxible And L.ender's security i�n�t lassened. Tf the rrs�oratian or ��_-;._--_-__
<br /> '` , ropuir iw n�N.���HU►ndrolly fru�iMr u� l.ender'K�ecurlty wuuld be lessened, thc insurunce praceed�shall he applied to the sums ���:A��•�- _—
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<br />•: �unrl hy ihir ticcwl�y In+.�runkm, whclhcr or nat then due, with any exc�s paid tu Burrower. If&►rr�wcr abun ons e _ __,��;_.
<br /> „ ' ' � ' pro�xrty. ��r d�K• n�q un�wrr wi�hln io duyti u notice frum Lender thut the insurancc carricr hus affared to setdc a duim,then __ --
<br /> , l.,en�lcr nuiy r��Ucc� dk intiurunr� pr�Kecd�. l.cndcr nwy utic thc pnxc�ds to repair or restore thc Propercy or to pay sutns b��J���
<br /> �ecurcd by�hiv ti�r•uri�y Inr�runkm, whethcr ur not then Juc. Thc 30-day pericxl will begin when the notice i.r•given, �-.;,�:==-
<br /> �I���aw IAn�ler unal I�►rn►wcr a�hcnvi� ugrea: in �vriting, any upplication of proceeds ta principal shall not cxtend or __.
<br /> • • pnupunc �hr Jue dutc�d'Ihc num�hly payn�ent� rcfencd u� in parngraphs 1 nnd 2 or change the amount of the paymente. !f �_ ___ —_
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<br /> - - u�uler paru�ruph 21 �he Pro�ny i�,ucyuireJ by l.endcr, Bormwe�'x righl to any insurance policies and praceeds resulting from ;,.
<br /> , ' donwgc tu Ihc Pru�rly priur w thc+kyuir�itinn shull poss�o L.cndar to thc extcnt af thc sums securcd by this Security Inrtrument ��'��11;?_:_�_�___
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<br /> �,. ' . .. immcxliatcly pri�►r tu liw u�yui«itiun. . _ ''':p'''�""-":':'-
<br /> , 6.Accup�ncy. Pn'acrvatlon�Mwintenwnce and Prnlcctlon uf the Properly; Borrower's l.00n Application: Ixaseholds. �,�,��'",:_�
<br /> � , Borrowcr hlwU�kcupy, c+�uhli*h,und u�thc Pn►pcny ux Borrower's principal rc!�idencc within sixty days after the executian oP � '�°
<br /> thir Sccurity Inxtrumcnt unJ�haU rontinuc tu�KCUpy thc Property u+&ircawcr's principal residence for at Ieast onc yeAr after ���"�', ,
<br /> thc dutc uf�xcupLncy, unlcx�l.�mlcr nthcrwi,r agr��cs in writing. which cunu:nt shall not bc unrcasonably withhcld,or unless —:�==�`=•^
<br /> � ti , cxtcnuuting cinum��uncc� cxi�l which urc hcy�MJ �mowcr'ti control. eorrowcr shull not Jestroy, dumagc or impuir the �..-:��-___
<br /> P�upeMy, ullow �hr Pmperly w Jctcriuru��. ���c�►mmi� wotitc on �hc Property. B��rrower xhall be in default if uny forfeiture ��u'�
<br /> ' � � uctiun��r pnxc��ling,whe�her rivil ur rriminul, ih tx:gun Ihut in Lender'x gncxl i'uith judgment could rcsult in forfeiture of the �° ��
<br /> ``I;''�� Pmpcny or ntherwiM mwcriully impuir thc licn crculed by this Security Inxtniment or L.ender's security interest. Borrower may �,;,�:�' ,��z
<br /> ` curc�uch a JclLult onJ reintilu�c,ar pntvid��d in purugraph I R,hy cauxing the uctiun or proceeding to be dismisseci with u ruling ',�.;:. ,:��_
<br /> '�,'. •� •� that, in LcnJcr'�. ��w�l frilh detrm�inutiun, prccluJcx fixfeiwrc �if the Borrower'+ mtercst in the Propcny ar uthrr uwte�iul ':;��i`�
<br /> �,�i::.``,�.:. •��.:�'� impairn�cnt oi'Ihe lien crcuteJ hy thi. ticrurity In�trumem ��r l.cndcr's s�curity intcrest. &irrowcr shall also be in default if ,,�.-.�, ��
<br /> '. . :;'� ,.' ;��:�'�. �. &�rrowcr.during thc I�.un appliruti�►n p��kc��.guvc mutcriully f'ultie��r inuccura�e infortnation or statements to L.ender(ur failul ;�':'„"':`� '
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<br /> �,;.,,,; .,.,���f�,'....,� ., to provide lx:nder wilh uny matcrful inli�mw�i�►n1 in runnection wi�h the loun evidenced by the Note, including,but not limited �a�,,��,,� f �'
<br /> �'�'. ':' to,representutions conreming li��rn►wer'x�krapuncy ol'the Pr��xrty us u principal residence. If'this Security lostrument is on a � +.+� ':'a�_��•^
<br /> �`,-'r,. . . leasehald, Bonowcr +hall comply with ull �hc pr�ivi�ion+ of�hc Icu,c. If Borrower acquires fee title to thc Pmpeny, thc r y t�� '+ ,
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<br /> ... leasehold aixl�he fer�iNe,hall nu� mcrgr unle„L�nder agrceti t��Ihc nurgcr in wriling. ..-.• r;.4. '
<br /> . . • •, . ?,Protectlon of I.ender'v Itlphlx fn the Pniperty.II'I��rruwer fs�il,tu�xrf'iirm the covenantr and agrecments contained in :
<br /> � '�.��}+,�.'� this Sccuri�y Insttumcnt.nr thrre i. u Ic�cul pr�xccJing thut m•ry .igniticandy ufi'cct L�ndcr's rights in thc Property(such as u � � - --
<br /> � :�'•`;� pracceding in bankrupccy. pr��bu�c, li�r coiklcn►nutiun ur li�rl'ci�ure ar tu enforcc luw,or regulations), then l.cnder may da and _ �� "
<br /> . ' pay fi�r whutcver i.ncre�wry t��pruicrt the vuluc ul�hc Pra�xrty und l.enJcr'� rights in the Property. Irc�xlcr's actions may . `';.--�;_-
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<br /> � include p•rying un�• swn. .xYUrcJ hy u I�rn whirh hu. priority uvcr �hi. Serurity lmtrument, appcaring in c�wrt, paying �• ,
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<br /> , rcasonublc uttomcys'1'�w.uixl rmcring on ih� I�ru�xny to mukr rcpuir�,Alth�mgh l.cndcr muy tukc uc[ion undcr this paragraph _,.,`;,.., ,__ ?.t r...•
<br /> � �;�. '� 7.L.endcr dcx:s not huvc to du,o. � ____.-
<br /> ' � � Any umnunt� di�burud hy Ixi�lrr uud.r th�. p:irii�ruph 7 .hall lxcame adJitiunal Jebt ut' Borrowcr secured by this �� .�.._�R=
<br /> , Security In,trumcnt. Unlc„Fi��rruwer and I.rndrr aMrr�lu �ilhcr �crm���t'pa>'mcnl, ihcx amuuntti .hall Ixar intcrest fram the .: . . �-�'=
<br /> date uf disburx:ment :rl Ihe Natc �u�c �nJ .hall tk pa�aMlc. µnh intcrc.�. u�x�n notirc fmm I.�:nder to Borrawer requesting �f .J.. �"""�`
<br /> payment. I . —�--�°
<br /> ' R. MortRaRe ln�urun�r. 11 LrnJcr rcywred m��n�n�:c in,ur:mcr�.u rundi�i�,n of makin�thc luun kcurcd by this Security ��,� v
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<br /> Instrumcnt. &irruwcr rh,dl puy� thr pr.mium. rcyuircd In ma�nuuo �h� nx�iigugr in�uranrc in cl'fcct. If. for any rcu�on. thc • r .
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<br /> mortgagc inwramr r�►vcru�ec rcywrrd hy I.cndrr I:ipx•.��r.r:�.c.t�►hr m cft�c�. I�,rruw•rr.hall pay �hc prcmiumx rcyuircd tu •
<br /> obtAin c�wcru�tc .uhs�un�iall}•ryuivid.n� w�hr nuatF,iur m,ur;mie prcviau.ly in rttrct.at •r ru.t.ub,��ntiully ryuivalent to thc
<br /> cost tii Bittmwcr ul'Ihc murtEugc in.ur,ukr prc�u�u.l� ui .�Ilrrt. fram:m :dtrrnatr mun�!ag� in.urcr uppriw�K1 hy L.�:nJcr. If
<br /> substantiully ryuivul�nt mun�ag.in.ur.�n.�•.�n•ri.iHr i. u��� .n:ul��Mr. li��rruwrr.hnll ��a�• 1�► Ixndcr r;Kh ntonth u+um equal to
<br /> unc-twrlfth�if Ihe yearh murt�:��� nrur:u�.•c pr.•munn Is�u�� p�u.l M Hnrr��arr w hrn Ihe in.urancr ruvcruuc lups��l��r ce•r�ed ro
<br /> be in cif'�ct. L.cndcr will a�«pt. u.r:nn!ic��un ihc,r p;��nh•m�.�. ,�I��" rcurvc in licu nl' mortgugc insurunrc. l.u+s rc.r'crvc '
<br /> Form 3028 8/90 .
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