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<br /> �;. pl�j��,�f•t1 a5� R',ret��rstr,� lr.��.nrenr.e. Rr�rr�nvcr s1�a1! kcep t�;c im(�mvenicnts �iow existin�t ar here:iftcr ct:�ct�.; u;� st;�
<br /> pr�►p�r�y Inruraf ugaimt.lusw by fire,hxzurds 3ncludtd within the term "exte�xled coverage" c��xl any UlI1CY Il:i2ilPiIS, inc�u�iir�g
<br /> it�xxfs o�Ilaxlln�, far Khich I.�ndor rGquircs inaurancc.'i`his insurunce stiull be maintained in che amoimts u�xl for tiie periex3s
<br /> thNt[.ender reyuircs.7he in�urnnce c�rriar providing trie insurance shall be chosen by Borrower subJect ta l.encl�r's wpproval
<br /> whicit sFw11 iwt be unm:�unrbly withl�eld. If lBorrower feila�tu n�aintxin covtrage descritxd �tMive. i.ender may, at Lender's
<br /> ��tion,oMain rnvernge ta pnxoct t.endcr's rlghis in the Pmpeny in uc�brdance with paragruph 7.
<br /> At� IIAIu{I�i►�: h.!'sr?::.»^.d r_n�iv��� 3I1��� h" f'!'C!`.�lIP.blt�O LRIKICP Hf'M� �I�all include n standard martgugc cinuse. l.ender
<br /> sf�ll h4ve the right ti�Irt�ld iho paliciea snd renewals.6f Ltnder roquires.&�rrower ahull promptly give to Lender�ll rcaipts of
<br /> p�id premiur..9 snd remwal notice�. [n the event of loss,Bc►rrower shall give prompt notice ta the Ensurarxe carrie*�nd L.end�r.
<br /> Lender mey rn�ka pmot'of Icns ii not made pmmptiy by Borrower.
<br /> UnlcRS I..ealtr�er�l Borcower c�thr.rwisr.mgroe in writing,inwurance proceeds shall be appliod to ra�,nration or rcpair of the
<br /> Pmperty du��agod,if tftx restoation or.rcp+�ir is economicxlly fe:si6le and L,ender's socurity is rat lessened. If!he restoration or
<br /> re�pair is nc:uonorni:�,fly fc�sible ur Leixier's xcurity wtx�id he l�sened.dx Insurance proceads shall bG nppiied to the�sums
<br /> scrt►ra1 by this Stcurity Instrumettt. whether ur rwt then due, with any excess patd ta 8orrowcr. If Bottowcr nbundons thc
<br /> Property,or das not en5wer wid�in 30 deys a notia from Lender thAt tbe insuru�xe carrier has offered to settic a claim, then
<br /> C.rnder msy colluct ttr� insu�nce proceeds. I.�iider may u:�e the procecds to repair or mstore the Property or tu pay sumg
<br /> sscumd Dy this Securitp Instrumei�t,whcther or not�hen duc.7'!�c 30-day p�dod will begin when the notia is giyen.
<br /> tlnks� L,esxkr aexi Borrower otharwise t�gra in writing. any appfica�tion of proce�ods ro princlpal shall not ��nts. Tf
<br /> postpone th:duo d�tei of the monthiy payments c+eferrsd ta in p�ragraphs 1 end 2 or change the sunount of th�pay
<br /> under patpglrAph�l tFt�Propttry is acquircd'ay I.r�dci°.Fx,��„wr�'s right to:.ny in.ur..r.r�palicits�!xt pm�'.a�ds rtsulting from _
<br /> d�rnage to thG Propertp prior to the acquisition ahall p�ss co Lend�r to the extent of the sums securod by tb.is Security Instrument
<br /> immediatel��psior to tt�e,acquisition.
<br /> 6.OfCY�Mlity�Prl9lIYaUQiI�M�Ipt!'R�UYC!Alld PI'01ldI011 O�Ni!Pr0[Ip4Y,Rorrower's Lain Appiicatlanp Le�seholds.
<br /> Bc�rrower shall<►scupy.establish.and use the ProPerty as Bon'ower's principal rrsidena within sizty days after the eaecution of
<br /> this Securit��Insttuma�t and shall continoe to occupy the Property as Borrower's principal residence for at least one year aftcr
<br /> the date�of occn��y.unless Lencler oohenvisc ugrees in writing,whfch cansent shall not be u!ue.aROnably withheld. or unless
<br /> cxtenuatir�Z circumstxnas exist which are beyond Bormwer's wntral. Borrower shall not destroy, 8am�ge or impair the
<br /> Fropeny, u11aw thc�roperty to d�teriorate. ar rnmmit waste on the Properly. Borrower shall be in dafault if sny forfeituro
<br /> action orprc�ccaling,whctl�er civil or criminal,is begun that in I.ender's good falth judgmcnt could nsult in forfeiturc of the
<br />- pe�vperty or ott�erwisa materially impair the licn creatai by this Security jnstminent or I,ender's sxurity interes:.Borrowe�meY
<br /> cum such�a defiiv�rmd ceinsiaie,as pNV'i�;,��,g:�•:1�,Zr;��i.e s.ti,=�.•;�n�r r�'�in�cn he dismiss�d with a rulin�
<br /> ttwt, in i.�ndex's goal faith determination, �xecla�des forfciture of the Borrower's tnterest in the Property or aher rrwteriaf
<br /> im�Rim�ern of.the lies!craeted by this Security Inun�ment or Lender's security interest. BorrowFr slu�!! ��so t� in default if
<br /> Bonnwar,during tho laan a}tiplication process.gave materially false or iruwcurate inf�mtiation or stuements to Lender(or failed
<br /> to proveds�,enr�er with any nuterial information) in connection with the laan evidencod b�the Note,ineluding.but not limited,
<br /> to,rqxeseM�tiom��or�ceming Bc�rcower's occvpnncy of the Prapecty ati a principal residenee.If this Secu�Ity InstrumeM is on•
<br /> �eu�e}�o{d, Borrox�r shall wmply wich all the provisions of the lease. If Borrower acquires fa title ro the Prope�ty, tM
<br /> I�sctiald and eho fa title shall not merge unless Lendcr agrees to the merger in writing.
<br /> 7,protectiop of l.a�ddr's Ri�hts Gt the Propaty.If Rorrower faits to perform the oovonants snd ag�Ks contait�ed in
<br /> this Security Irtstntment, or there is a legnl proceiding that may significandy affect Lender's rights in tht Propecty (such s�s a
<br /> proceeri;ng in t��iauptcy,�robate.for condemnation or forfcisun or to ectforce laws or regulations),th�t�i,ender msY do ud �
<br /> paY tar whate�ve.+r is nooessary to pintect the vrlue of the Fh�apecty and Lender's rights in the Pmperty.,Lender's actiom may
<br /> include p�yira,g any sums securad by a lien wrich has priority over this Security insnument. appeering in oourt, p�yin�t
<br /> - re�n,w�iablt at4on�eys'fdes and entering on the Pmperty to malce ropairs. Although Leadcr may take action undcr thia paaigr�ph
<br /> 7,L,erder ci��x�t have to do so.
<br /> Any w�no�ecrts disbursod by Lender under this paragraph 7 shall becomc additior�el debt of Bnrrower socurod by thix
<br /> $ecurity]nyuumMt Unless Borrower'and Lencier agra to ottxr temu of payment, these omounts shall beur inure�t from d�e
<br /> cl�ric af disM►rF�.�rrKnt at diC Noze ratc and shall 6e payable, with intonst. u�n notioc from �.ender to Bornowcr ra��ting
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<br /> lI,1Vloart�e U�wrance.If L.ender�uited mortgage insut�nce as u condirion of making the lau►securcd by'this Security
<br /> ' ��t�um�m;rg��w�r sh�ll pay the Fremiunns r+equira!to maintein the mortgage insuranoe in ePfect. If, for any rcaso�, the
<br /> mortgnge i[►�waNrt�vernge rcqoired by L�nder lapses or aases to be in e�fect.Bornower shall�xy the petmiums reyuired to
<br /> - os�ain cover�go substanti�lly equivalenc to the moctgage ituurana proviously in effect,at a cost substanN�lly equivalent to tt►e
<br /> c�rs�:ta Barrovn.�r of the martgage insurance previously in�cffect, from an altematc rnortgage insurcr approvod�y'Lender. Tf
<br /> subetantally ec}uivalent mortgage insurance coverege is nct available.Borrower shall pay ta Lend�er each month a swn equal ta
<br /> one-t�rrclfth of the yearly rr�rtgage insura��c�arCmiurn being paid by Borrawer when the insuraixx coverago lapsed or cr,ased.ta
<br /> : be in eilxt.T.er,der will eccxpt.use aa�d re.caan these payments as a loss reserve in lieu of mortgage insuranct. Loss reserv�
<br /> , form 30�8 9/90
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