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<br /> �. �1M'Lkl'll l)i' nur�e:eiy iliYii�pii�:y. n�iiiuLtii:i i�iiu� �CC�r t�lw i�provcments raw eX��lffl�OC :1��TSw7 Cf..::t:.° .F"^.R :Z:C
<br /> Pr�npcity fnsur�.d �iE�iaist tuss hy flrc, hnr��rds includccl �vithin thc tcrm "cxtcndc.d covicengc" aud nny nlhcr hnzm'dr,, inclucU�ig
<br /> (lnr�ds or ficxxling, fur whicl►f.cndcr rcqulrcy insurancc, 'Chis Intiurancc shull lic muintuincd ln tl�c nmuunt��llil(I rDI'IIIC�)C►7RC19
<br /> thnt [.end�r!'C�RIfCS. The insur.tnce carricr prnvitling tiic Insurisnce�;li.ill be cltosen by �orrowc�subjoct tu f.ender's npprovnl
<br /> which shuU nat bc unrcasonably withheld. If sarrawer fnils to mcdr�tnin covcrage describc:d nbovc, l.ender muy, ut Lcnder's
<br /> option,aUtuin covcrr�ge to pratect L�ender'y rights in the Prupeny in accordnncc with puragruph 7.
<br /> All insurnnr.e�llcies nnd renewals shnll hc acceptable to Lender snd shal! ii�cli�de a standnrd mort�;uge clause. l.e��der
<br /> �I►all P►avc ihc riAlit to lfold d�e policics un�renewals. If L.cnder rcqulrcs, f3arrowcr shall protnptly give to L.cndcr nll reccipts af
<br /> puid or�mlun�v nnd renewui uoticQS. In tl�e event of loss,l3orrawer shall Aive prQmpt noYice to the insurmce carrler and[.ender.
<br /> I.c�xler nwy nuzke proof af loss if nat madc promptly by Horrowcr.
<br /> Unless Lendcr And F��rrower ott►erwise agree in writing.insurance proceeds Fhall t►e nppliecl to resroratian�ir repair of the
<br /> Propeny dumaged,if tha restoration or re�air is econamict�lly fcasible and Lender's security is not lessened. xf tiie restoration or
<br /> repalr is not ecaiomicuUy fcasible�r Lertder's security would be Iessened,the insurance prcx;ecds shnll be applicd to thc swns
<br /> securec! by tf►is Security Instnunent, whether or not tlun due, with nny cxcess pnid to Aorrowcr. If Borrower abanduns the
<br /> Protxrty, or does nat answcr within 30 days n notice from Lender thut the insnrunce carrier hns offercd to settle n claim, tl�en
<br /> I.cnder may collert thc insurnncc procecds. Lender �nay usc tl�e proceeds tu repnir or restorc the Property or to pay sums
<br /> sccurcxl by this Security Instiumen:, whcther ar nat then due. The 30-day period will bebin when the natice is given.
<br /> Unless Lender nnd Horrower otherwise agree in writing, any applicntion af proceeds to princlpal shall not extend or
<br /> postponc tl�e due date oC ttic moniiily paymcnts rcfcrccd to in paragrnphs I and 2 or changc tt�e nmow�t of the puyments. If
<br /> u�xler paragrnph 21 the Property is acquired by I..ender, Rc�nower's right to any insurartee policies nnd proceeds resulting fr4m
<br /> dama�e to the Proper�y prior to tlse acqeisitlon shs�tl pass to I.tnder co iha extent of thn suins srcured by this Secarity Instnnmsnt
<br /> immediately prfor to the acqufsition.
<br /> 6. Ucrupancy�Pr�.wervAtlon�Mafnten�nce�nd 1'rotectton o!the P'roperty;Borrower's I.oan Appilcallon;l.easehold9.
<br /> Rorrower shall occ�py,estAblish,and use the Peoperty as Borrawer's principal residence within sixty days after thc execution af
<br /> thls Socurity Instniment and shall continuu to c�ccupy the Property as Bunower's principal residence for at Seast one y�ar after
<br /> the date of occupancy,unless[,eixter otherwise agrees in writing, which consent shall not bc;unreasonubly withhdd, ur unless
<br /> eatenuating circumstances exist which are beyond Iiorrowcr's control. Borrc,wer shall not dastrny, dnmago or impair the
<br /> Property, aliow the ?rapeny to deteriorate, or conunit waste on the Property. Bonower shal: �c in default if Any furfeiture
<br /> action or proceading. :vhether civil or criminal�is begun that in I.ender's good faith judgment could result in forfcituro of th�e
<br /> Property or otherwisc matcrially impuir the lien created by this Security Instrume.nt or Lender's security interest. �orrower mQy
<br /> cure such a defnult and reinstate,as provided in paragraph 18,by causing the action or proceeding to be dismissed with a ruling
<br /> �r� � f�ar`c nn�,rf f.���int�im�j�Ltin�� �,trrrl�ttlrg fnrf�itnrP �f thn Hc�rr�w�r'c inter�ct in thP Pm'r�rty nr other ms►tesisl
<br /> o--- -
<br /> impairment af the lien crrxted by this Sccurity Instrument ar Lendor's security intenst. Borrower shall also be in default if
<br /> Borrower,during the losn applicatic�n process,gnve materiaUy false or inaccurate inforn�ation or statements to Lender(ar failat
<br /> to provide Lender with sny material information)in connection wfth the loan evidenced by the Note, includinE,but not limitod
<br /> to, representations conxrning Horcower's ocaipancy of the Property as a principal residence. If Ghis Security Instrumeat is on a
<br /> lcasehold, Hor�rawer shaU comply with alI thc provisions of the lease. If Borrower acquires fee titic to the �roperty, the
<br /> leasct►old anci the fee title shall not merge unless Cxndcr agrees to the merger in writing.
<br /> 7.Protectlon o!Lender's Rights te�thc Property.If Bonower fails to perform the covenants and agreements contsined�i.�t
<br /> ihis Sccurlty Instrument, or there is a legal procecding thnt may significantiy affcct Lender's rights in the Property(such�s a
<br /> praceeding in bankruptcy. probate. for conderru�ation or fa�feiture or to enforce laws or regulatiuns), then Lemlzr may dn and
<br /> pay for�vhatcver is nxessary to protect the value of the Praperty and Lendr,r's rights in the Proptrty. LendCr's actiuns may
<br /> includs paying any sums secured by a iien which has priorlty over thts Security Inst►vnxn;, appearing in court, paying
<br /> reasonablc attomeys' fas and entering on the Property to meke repairs. Altheugh l.ender may tske action under this paragroph
<br /> 7,3.endor das not l�ave to do su. ,
<br /> Any amounts disburaeci�b,y Lencler under this Qarugruph 7 shall beeome additional debt of Borrower secured by this
<br /> Sxurity Instnrnxnt. Unless Borrowor and Lender agree to Qther terms of payment.these amounts shafl bear ir+t�rest from thc
<br /> date of d6sbprsoment at the Note rate nnd shall be paynble. with �tarest, upai� notice from L.errd�r zo Borrower roquesting
<br /> paymcnt.
<br /> �."�:�.a.:�:::_,a.�:.�c. Is Ler.der reqaires!mortgage insursscce ss;�cazdj:icr.of:nwking!he loss:��zred by tt�is 5..,�:ri:; -
<br /> Instn►c�x.nt, Sonower shali pay the premlums required to maintain the mo:tguge insurance in effect. If, far any reason, tht
<br /> mortRage insuranc.e c+�verage required by IJender lapses or cesises to be in effect, Borcower shall pAy the premiums requjral to
<br /> obtain covcrnge subsWntially cquivalent to the mortgage insurance previously in effect, at a cost substantially equivalent to the
<br /> cost to Borrower�f thc monguge insurance previously in effect, fram an alternate mortguge insurer approved by I.eixler. If
<br /> snbstantially equivalent mortgage insurance covernge is not available.Bcirrower shall pay to Lender eazh mnnth a sum ec�u�f to
<br /> one•twelfth of the yeurly mortgage insurance premtum being paid by Borrower when the insurance coveragg lapsed ar ceasal to •
<br /> bc In effact.Lender wil{uccept.use and r�tain these payments as a luss rescrve in lieu of mortgagc insurunce. Loss reserve
<br /> Form 3028 �J/90
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