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<br /> � � • 1.� 92 ___s �W.�.�
<br /> . s� Ft��d ar p�,operly �nsuriu�ce,Borrower shall kap the improvemcnts ix►w caisting o� hereafter ercctad on the �r` ��._'�:�;r�Yp-
<br /> � ,_,r._,,,,�,,,,r._. PropeRy Insured aRaintt lasa bv fire.h�rd�Included within d+w�ern+ "err�nded rnvernpe" wd anv dher huzards,includinp -_- _ _ _—__
<br /> �`- ---- - - --- t1iKKls•rr Iluudi�g, fur which i.ender rcyuire+InRUnnee.Tbis msurance xhali he mointainod in tho artKwn�s e�xi for the�xrlcxlx M ,r�w x,�, -_
<br /> that Lender requires.7'he insumnce canier pmviding�he insurance ahuii be cbu�n by Nurmwcr subjttK t�� �.en�kr's a�►mvel � '
<br /> ' which s�hall not be unrrasc►nably wilhheld. [f&srtower fAilR to mointain coveragc descrihed at�nvo, l.eaier may, at I.endo�'� '____ �
<br /> ; ':; � optlon. obtain cmerage to protect L.ender'c rights in the P�aperty in accordonce wi�h parngraph 7. ""-fi�:-�">:�_�,`�,:=_-_�.i
<br /> All insu�ance {x�licies and renewals ehull t�e ecceptuble to L.cnder an�i shall lnclude u standard mc►riguge cluuse. Lender �' � , ,
<br /> 1 ehall have the dght ta hold Ihe policies and renewak. If Lender tequircs. &►rrowar ahull prnmptly give to Lcnder all receipls of '� ,
<br /> id rcmium.r and�enewal ncitices. In the eveiu of lass,Borrawer thall give pmmpt notica to the ituuriutcx carrkr w�d l.ender. i.r,.._.�_�---• ' ' •
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<br /> '- ... . _ ' Lender nwy rtwke praaf af lors If nat made pramptly by Borrawer. �� ''{`'°-""=�'
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<br /> Unlesa Lender and Barmwer otbenvice a�ree In w�iting,insurance pmceeds shall be applied to restarnuon or rcpair of cho . _y��,����.;�, .
<br /> Pmperty damaged,ii Ihe rcsto�ation or rep�i r li ecanomically feosible and Lender's secutily is nol lessened.if the restarnUan or � ���;�r����`
<br /> repair is nc►t ecanamically feasible ar l.ender's suuriry would ba lessened,the ioRUtance proceods ehall be appNal ta the suma , ;;;;r��,w� �
<br /> axured by thie Secu�ity Instniment,wheihor or nnt �hen dua, with any excesa pafd to Borrower. If Hatrawer abandaru the - � ����
<br /> PropeRy,or daea nat answer within 30 d�ys�notice from I.ender thpt the insurnnce carrie�has aiierod to xettle a claim,then
<br /> Lender may collxt the insurence pracade. I.ender may uce the pmceeds to repair or rcstore the Propeny or to paY sums •,'�,i!'.�'�!�"�At��Lti�
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<br /> . xcuted by thia Secudty lnstrument. whether or noi then due.Tha 30-day periad will begin when the�notice is given. •�•«��_.,�•�'w.
<br /> ��1 �.,_�15..�•^7=�
<br /> Unless I.ender and Borrower atherwise agra in writing. any applicadon of proceeds to princiQ�l shall not extend or , , . "'.:�.��:A�..
<br /> ' • • postpone tl�c due datc of Ihe monthly payrtunta referm.�l ta in parugraphs 1 and 2 or chnnge 1t�e a�um of tAe payments. If r += �: .•�;:�
<br /> under paragraph 21 Ihe Propeny is acquired by Lender,Bormwer's right to any insurence policies and proceeda rcsuUing from �:�:�:;;�.--
<br /> � damage ta the Propeny ptior to the acquiekiow�hall pass to Lender to the extent aF the eutns secured by thie Security Instrument =---
<br /> ' imm�diately prior to the acquisitian. � °'
<br /> � . 6. Occupwncy. Pr�rv�ibn,1�1�inteneace 9ad Pratectlon of the Prnpe�ty:Borrower•s[.oan Applicati�= LeASehalds. � '_,.-_-
<br /> ,. Bot�mwe�shall occu�y,establish,nml ase the Pmperty us Borrower's pri�clpal regidence within sixty days ARer the execution of f • ` �i.`:
<br /> this Securiry Malrument aad ahall rontinue to accupy Ihe Pmpehy us Barrower'R p�incipol reaWence for al Ieasl one year utie� i . . ";:.��
<br /> Ihe d�te of occupancy, unless l.ender otherwise agrees in wriling, which consent shall not Me unreasonehly wilhheld,nr unles� , , �;._
<br /> extenualinF circumstances exist whkh urc bcyaind Qnr�ower's contml. &►rrowcr shnll nc�t de.�tmy, dmm�gc ��r impair the -r;i;;:-. ,�::
<br /> Pmperty. a11oW Ihe Propeny ta deteriornte_ or cnmmit waste nn �he Prapeny. &ttr��wer xhall be in default if uny fi�rfefturc '` •--�
<br /> �'` " Action or proceeding, wfielher civil or crimi rol, ix hrgun Ihal in I.ender's gocid fuilh judgment cauld resuU in farfeilure of the .;.,.�--.-•�-�` ��
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<br /> � Propeny or othenvise materially impair the lien crcuted by this Securi�y Instrument or Lender's security interest.Bormwer may , �,�,,;,�}��
<br /> � curo�uch a default aad reinstate,a.4 providod In paregraph 18,by cnusing the action or proceeJing tn be di�miased wi�h a ruling '_��;
<br /> �� .. Ihat, in Lender's gaad faith determination, precludes forfeiture of�he Qo�rower's interest in Ihe Propehy ar other moteriel ,��,.�
<br /> impairnunt of the lien created by this Saumy Instrument or L.ender's ucurity interest. Borrower shull aleo be in dePrult if r,.�..�.��..
<br /> ______" . � I pnnnw�r, dnnng the I�n a�,plicatian prace�.c.aave rnateriallv false nr inaccurnte informution ar 4lutemema to Leiuler(or fai led �`�•'�����
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<br /> to provide Lender with any material ihform�tlnn)In connection with the loan evidenced by the Note, including,hut nnt limited ?;'�
<br /> to, representa�ions conceming Borrower'a occupancy of the Propeny ac n principal re�iJence. If this Security Ins�rument iv nn a �. '.�'�
<br /> _ leasehold, Borrower shall comply with oll the pmvisfong of the lease. If &�rr��wer acyuire.g fce title �o the Pr��perty, Ifie �;,Q_�
<br /> - , leasehold and the fee tille shall not rnerge nnleu Lende�ugree.g to�he mcrgcr in writfng. �: ''" l • ��
<br /> 7.Protection of l.cnder's RiR61s intt�el'roperlv.If Borrower fnils lo perform th�y cavenanls and agrecmeMx contuined in � ._, -
<br /> Ihis Security Inalrument, or therc is a legd prc►ceeding that may cigniticanily affect Lender's rights in the Property(such as a ; .'s��=�
<br /> _ proceeding in bnnkruptcy,probete. for condemnatlon ar forfeitu�e or to enforce laws or regulations), then L.ender may do an�l i , _ _
<br /> pay for whntever is necessary to protecl lhe vulue of the Property and l.ender's righ�s in the Proprny. l.e►Klcr'a actians may _T
<br /> include payfng any Rums secured by a Ifen which hes priarity over this Security Instrument, oppeAring in rnurt, puying I '
<br /> reasonablc auorneys'fees and enteriag on the Property to make repairs. Although[.cndor mny teke nction under this paragraph � ' ��_��
<br /> 7, l.ender daes not have ta do so. � :�
<br /> • Any amountg diRbu�ad by L.ender u nder thiF purugruph 7 xhull hecome udJilfonul Jchl of &�rrower scrurcd by this � ;`.
<br /> ' Sewrity Instrument. Unless Borrower anJ Lender ugree tii inher lerms of payment, Utese unmunts shull bcur inlerexl from the
<br /> � date of disbursement at thc Note nte and Ahall be puyable, with interest, upon no►ice irom Lender to Borrowe� reyue.cting
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<br /> payment. �;-�":
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<br /> ' i 8.Mortgage Insurance.If Lender required mongage insurnnce us a condition of making the loan secured by this Securiry � ,p�:°",
<br /> Instrument. Borrower shall pey the premiums required to maintain the mortgage insuronce in effect. If, for nny reason, the •
<br /> • mongage insumnce coverage required by Lender lapses or ceaces to be in effect,Bonower shall pay the premiums required to ;
<br /> obtain coverage substantially equivelent lo[he maAgage insurance previously in ettect.at a cost substentially equivaknt to the ., "
<br /> rnst to Borrower of the mortgage insurance p�eviously in eifect, fram an alternute mortgage insurer apprnved by Lender. If ' ' �. .
<br /> �, substanlfully equivAlent monguge insurance mverage is not available,Bormwer shall pay to Lcnder euch mooth o sum equul to
<br /> one-twelfth of'the yearly mortgage inautanee premium being paid by Borrower when the insurnnce coverage lapsod or ceased lo
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<br /> � � bc in effect.Lender will aecep4 use and ntaia theu peyments as a loas reserve in lieu of moRgage insurance, Loss reserve
<br /> Fotm 3028 9l90
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