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<br /> S. Hua.nrd oi• IPe•o�►erty latsa�•attcc, [iorro�vice shnll kccM� tltc impravemcnts noa exirtin� c�r h�rc��tcr crcctcd o:i thc �,_
<br />- l�rapci-ty insurcd ngainsi loss by fi�•c, hnuuds incluJcd cvfthin thc tcrnt "extcnded covcra�c" nnd nny othrr lin-r.c�eds, lncluding
<br /> floodh oc flooding, for whlch L.ender rcquires insurnnce. This i�tsurunce:;hnll hc maintnincci in thc nnioumy ��nd for thc periods
<br /> titat Lendcr rct�uires. 'I'he insurnncc c�rrlcr pr�viding thc i�tsurn�uc sl�nll hc choscn by Bcsrrnwcr fiubJcci io I.cndcr'F npprovnl
<br /> which shall n�t bc unr�usonably�vithhcld. If Rarrowcr f,�ils tu tn»fntn;n covcrugc describeJ nbnvc. I,cnder muy, nt I.cndcr's
<br /> nption,o6tnin cavcrugc to protcct Lcnsice's riglitti in�hc Property in accardnncc with parngraph 7.
<br />- All Insurunce policies nnd renewals ��hnll he aceeptnf�le t� Lender nnd shn11 inelude �i vt�ndord neonyc��e�laus�, Lender
<br /> shall hnve the eight to hold the palicies�nd renewnls, IP i.eeider requires,Borrawer shull promptly give ta�l.ender idl recelpts nf
<br />_ puid premiums und reneN�ul notices. In the event nf Inss, porrmver shull givc prompt notice tn tE�c i�itiuinnce cnrricr and Lender. —
<br /> Lendcr mny makc proof of loss if nut mnde promptly by �nreowcr.
<br /> Un(css l.endcr und Bnrrower othcrwisc ugrce in wriNng,Insurancc procceds shall bc applied to restoratiun or repalr af thc
<br /> Praperty danta�e.i,if thc restorntion or repair is ecanomicnlly fcasible nnd L.ender's security is not Icsscned.[f the restaration ur
<br /> repzir is not economically fe.�siblc ar L,crr�cr's security would bc Ic�sr.necl, thc insurancc procccds�hidl 6c applied tc� dic sums -
<br /> sccured by this Secueity inshument, witetltcr ur noi theu Quc, with uny excess paid ta Burrower. Jf Horrower nbandons the `
<br /> Property, ar does nat unswer within 30 duys n notice from I.ender Nint the insurance carrier h�is offered la tietde u clnim, then
<br /> I.ender mAy collect thc insurancc procecds. Lcndcr mAy ttsc thc proccecis to repair or restorc the Property or to puy stnns
<br /> secureci by this Sccurity Instrument, whether or not th�n due. 'I'hc 3O-clay perioJ will bcgin whcn thc notice is given. c
<br /> Unlcss Lendcr and Borrower othcrwisc ngrec in writing, uny c�pplication of procceds to principal shall not extcnd or
<br /> postponc the duc dute of the nionthly payments referred to in paragraphs I nnd 2 or change the nrnount af thc pnyments. If
<br /> undcr paragraph 21 the Property is acquired by Ixnder. Borrnwer's right to a�iy i�isu�•anc��wllcir.�ni�d r�rareJ�resulfing f'rom �
<br /> damage to the Property prior to thc acquisition shall puss to Lender to the exeent of the sums sccured by thia Security Instrumcnt
<br /> immediately prior to ihc ncquisition.
<br /> 6.Occupsuicy,Preservutian,Mafntenance and Protection of the Property; Dorro�ver's Loan Appllcatlon;I.easeholds.
<br /> Borrower shall occupy,establish,nnd use the Property as Borrower's principal residence within sixty days aRer the execution of
<br /> this Security Instrument und shall continuc to occupy the Property us Borrowcr's principal residencc for at least onc ycar after
<br /> the date of occupancy,unlcss L.ender othenvise agrees in writing. which consent shall not be unreasonably withheld, or unless °
<br /> extenuating circutnstances exist which are beyond Borrower's control. Borrower shall not destroy, da.mage or impa�r the
<br /> Propeny, allow the Froperty to deteriarate, or commit wastQ on the Property. Borcower shall be in default if any forfeiturc
<br /> action or procceding, whether civil or criminal, is bsgun that in Lender's gc�od faith judgment cauld result in forfeiture of the
<br /> Pror�erty or otherwise materiully impair the lien creuted by this Secu►•ity Instrument or Lereder's security interest. Borrower may
<br /> _ c�re such a default and reinstate;ac nrnvi.l�.i In��o��r�!g,�� ;,�u�itib 2�SC B�Ivr vi�i:,C�iiiF;i� aLrc uiz�Tifi55c�i witi�n iu=i�i};
<br /> thac, in Lender's good faith determination, precludes forfeiture of thr, Borrower's interest in the Properry ar other materisl
<br /> ' impairment of the lien creuted by this Security lnstrument or Lender's security interest. Borrower shatl also be in defnult if
<br /> ;�; Borrower,during the loan application process,gave materiully false or Inaccurute information or statements to Lender(or failed
<br /> � to provide Lender with nny material informution)in connection with the loan evidenced by the Note, including,but not limited
<br /> •� to. r�presentations conceming Borrower's occupancy of the Property as a principal residence.If this Security Instrument is on a
<br /> ' le.�sehotd, Borrower sh;�ll wmply with all the provisions of the leasc. If Bonower acquires fee title �o the Praperty, thc
<br /> "i leASehold and the fee titic sh�ll not merge unless L.ender agrees to the merger in writing.
<br /> ' 7.Protection of I.ender's Rlghts In the Property,If Borrower fuils to perform the cavenants and usrecmcnts containrd in
<br />'' this Sccurity Instrument,or there is a Iegal proceeding thAt rnay significantly affect Lender's ri�lits in the Property(such as a
<br /> • proceeding in banluuptcy, probate, for condemnation or forfeiture or to enforce luws or resulations)� then[,�ndcr may do snd
<br /> .' pay for whatever is necessary to protect the value of the Praperty nnd [,ender's rights in the Property. Lender's actious may
<br /> {�� include paying nny sums secured by a licn which h�.s priority over this Security Instrument, appearing in court. paying
<br /> } reasonuble attorncys' fexs and cntering on tlie Property to make repairs.Although I.ender enay takc uction under this paragrnph
<br /> 7, Lcndcr does not have to do so.
<br /> Any a►nounts disbursed by Lc;nder under this paragraph 7 shall become additional debt of Borrowcr secured by this
<br /> ' Security Instrument. Unless Borrower and I.ender agrce to other terms of payment,these amounts shall Fxar inte�rst from the
<br /> ' date of disbursement at thc Note rutc and shall be payable, tivith intere,gt, upon noticc fmm i.rndr..r tc• Ik�rrotver reGuessea
<br /> . paymcnt.
<br /> 8.Mottgage Ins�r�nce.If Lender requircd mortgage insurance as a condition of making the loan secured by this Security
<br /> Instn�ment, Bonower shall pay the prcmiums required to maintain the mortgage insurance in effcct. If,for any reason, the
<br /> mortg�ge insurance coverage required by [.cndcr lapscs or ceases to be in effect, Borrawer sh�ll pay the pre►�iums requirccl to
<br /> obtuin caverage substantially equiv�lent to the mortgage insurance previously in effect,at a cost substantially equivalent to the
<br /> cost eo Borrower of tlte mongage insurance previously in effat. from un u!ternate mortgagc insurer appraved by L.ender, If
<br /> , substnntially equivalcnt mortguge insuronce c�vernge is not available, Borrower shall pay to Lender cach rnonih a sum cquul to
<br /> qne-twelfth of the yearly mortgagc insurance premium being paid by Borrower when the insurance covcragc la.psed or ceased to
<br /> be in effect. i.ender will accept, use and retnin these payments as a loss reserve in lieu of mort�age insuranee. Loss reserve
<br /> Form 3028 9/90
<br /> POpO J ot 6 F_.
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