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<br /> , ' S. Hazard or E'ro�srtiy Insasrartce. Bvrrotiver sE�at! �cep the improvcments no�v eaisting or h.renftcr erected on the �'
<br /> . �ropeny insured agui�e�t loss by fire, h�ards incfuded within ttie term "r.�tended coverage" aud any other haaards. includi�
<br /> floods or flooding, for which l.ender requires insurance.This inswance shall be maintained in the amounts and for the perind�
<br /> ��� ' thv Lender requires. 'i'he iRSUrsnce carrier praviding the insurmoe shall be chnsen by B�rrower subject ta Lender's appmval
<br /> which shall not be unreasonably �v6thhald. If Borrower fails t� maintain wvera�e described ahove. Lender may, at Lender's
<br /> ,`_ option,obtuin rnverage to pmtect I.ender's rights in the Propecty in accor+cnnce with paraBraPh 7. �,
<br />' '��:y All insursnce polici�s and renewals shall be acceptable eo Lender and Shull include a standard mortgage ctanse. [xnder
<br /> ` shall have the rierht to hald the poficies and renewsils. If l.ender nequims,Borrower shall promptly give to Leader al!receipts of
<br /> . paid preaniums and renewal notices.In the event of loss.Borrower shall give prompt notice to the insurance carrier and Lender. _'�
<br /> ' Lender may make proof of ioss if nat made promp8y by Borrower_ =_
<br /> Unless Lender and Borrower othenvise agre�in writing.in�arartce Proc�ds shall be a�plied to restoration or repair of the �
<br /> property damaged,if the restoratian or repair is ecanonacally feasibte aad Lender's securiry is aot lessened.If the restaration or �_
<br /> repair is not econamicaliy Fsasible or Lender's szcurity would be lessened,the insurance praceads shall Be applied to the sums �
<br />" :;'.�4 secured by this Security Instniment, whether or not then due, with any e�ccess paid t�Bor�ower. If�arrower abandons the ��,_.
<br /> `'�' �" Property,or�dues not answer within 30 days a notice from I.eader that the insurance carrier has offered to settle a claim,Yhea �.
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<br /> ' �'+Y� Lender m�y coiled the insurance praoceds. I.ender may use t3ta pnaceeds to repair or restare the Prc�oerty or to pay sums �
<br /> �����%���• sacured by Wis Securiry Insuvment.whether or not tflEen due.The 3t�day periQd will begin whe�a the notice is given. s
<br />-�';�;�-; Unless Lender and Borrower atherwise agree in writirtg, any applic2rioea of proceeds Go princRr'a3�ha11 not extend or
<br /> 4;' possporce the due date af tlie monthly payments referred to in�ara9raPhs 1 aud 2 or cbaage the am��u�t a the payments. If �
<br /> _---:`:� under g�ra�caph 2f the�aperty is ace�uired by L.ender.Borrocv,ez s ei�t to auy i.�cs.sra�te�4ie�es an�d p:aueeds resulting from �;:
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<br /> -=�:;:`;; dnmage t��c�roperty pr.o�to W�aequ€stion shall pass to Len�r rm t§e ezteni of t�e s+�sacu:ed by ttus Secittity Instnueent _..
<br /> immedixtelp�rior t��a�uisition. �
<br /> --- 6.OccuP��7'•�ation,Maintenance and Profedion of 4he Pt��.� ,�c.��'a�an A�piuirsvi°n;i.c�cu�'�s- �_
<br /> ,. - Eorrower s�all occupy,establish.and use the Property as Borrower's principal�si��L:.c�'v3�sixty day�.afi:er the execu�oa of --
<br /> .. �}yjs$�ty4�h�ctmment eu$shall codti'!ue to oCCUpy the Prope34'j�s Bor[vs��:'s�rinci,.n-�?:�i3�ce for gt i�ast one yeaP��.er
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<br /> the date of oceupancy.nnless Lender ro�e�wise a�ees in writin�,*,which conse,:t shall not�e��reasonab=y withhetd,or:.~.:ess �,
<br /> wis �
<br /> ~."''.,� eatenuating circums'eances exist which zre tses�ond Sonower s conuol. Bor:E.wer shall no2 destmy. �ar`.age or impair the
<br /> � • Property. allow the Fcvoerty to deteriorate.ar co�rsmit waste on the Property. Borrower shall lse in de�antt if any forfeiture �
<br /> •„°� °: action or proceeding. n'I�echer civil cr crimit�sil, is�cgun that in Lender's good faith judgment could result in forfeiture of ihe �•�
<br /> --'� Property er,�dterwise materrally imprzur the lisa cTeated by this Security Inswment os I.e�der's security interest.Borrower may �
<br /> •`_�,;#,;�.
<br /> cu�suc�e��fefaulr and reinstate,as provided in paragraph!S,by cnur;ing the acdon ar proceedin�to bz dismissed with a caling _
<br />'���,':. ;� that, in Lender's gaod faith determination, preclud�s forfeitun:of the Borrawer's interest in the Property or other�aaterial —
<br /> [mpairment of the lien created by this Secvrity In�rament or Leader's security interest. Borrower sl�all also be in dafault if =.
<br /> - Bosrower,during the loan applicauon process.gave materially false or inaccurate informauon or statements to Lender(or faited �
<br /> to provide Lender with any material infosmallon)in wnnection with the loan evidenced by�tAe Note.including,but nnt limited �
<br /> ' . to.�epresentadons conceming Borrower's mccupancy of the Property as a principal residence.If this Securiry Instrument es on a
<br /> � leasehold. Borrower shalt compSy tvith ail the pr��isions af the l�se. If Borrov�er acqoires fee title to the Property, the �,.
<br /> . leasehold and the fee title shall not merge unless Lender agrees to the mer�er in writing.
<br /> 7.Arotect[on o4 Lender's ilPghts in tde PropertS.If Borrower f�its to perform the oovenanu and asreements contained in
<br /> r�,,,,' :, this Securzty lnstrument,or there is a legal proc.eeding that may sigrtificantly affect Lender's rights in the Property(such as a
<br />'`;';�� ' prnceeQin�in•banfauptcy.pmbate.for condemnation or forfeitu�u ar ro enforce laws or ngulations).then Lender may do and
<br /> ��+:���"' pay for whutever is necessary to protect the valae of the Proporty and Lender's rights in the Pcoperty. Lendet's actians may
<br /> include paying any sums secured hy a tien which has priority over ttds Security Instrument. appearing in court. paying _
<br /> reasunable attomeys'feES and entedn�on the Property to make repairs. Although l.cnder may take action under this paragraph
<br /> _ 7.Lender does Rot have to do so.
<br /> My amounts disGursed by Ixnwar under this parag�aph 7 shall become additional debt of Borrower securad by this
<br /> Security Instrument. Unless Borro�er�.nrr��ender agee to other teims of payment,these amounu shall 6car u¢erest from the
<br /> , da4e of disbursement at the l�ote rate�.zd shall be payable, with interest. upon notice from Lender to Borrower requesting _
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<br /> - p y S.N�ortgage Insvrance.If i�:►�:r required mongage insurance as a condition of m�Ici�the loan secured by this Security ''�
<br /> - Instrumritr•1,..Borrower shaU ��,t���e���niums required to maintain the mortgage insurarr�e�:n effect. If. for any reason, the •
<br /> _ ' martgat��(3r�•�rance r.ov�age reqcin�S by Lender lapses ot ceas�t to be in effect, Borrower shall pay the premiums required to ��
<br /> '. obtflin o:,�,�:a�;e sa��:uni,rbly equivalent to the mortgage insurance prev6onsfy i.n effect.at a oost substantially equivalent to the
<br /> ,,. '•: cast to 8orrower of Yt•r,rrcortgage insnrance previously in effect, from an�''n:�mzate mortgage insurcr�r•sved by Lender. If '��
<br /> - substsntii�:i�equlvalent murtgage insumnce coverage is not available.Borrow�r�E:�I pay to Lender eac�t�.unth a suat e�tsil to
<br /> one-twGf�ii.of the yearly mortgage i�surancc premium being gaid by Borrower when the i��r,a�r�utce ooverage lapsed or�a�sr:�d to
<br />_ , be in effei7.Lender will nccept,ns�a axa��r�etain these payments as e loss mserve in lieu o� �ortgs►ge insutance. Lo� rzserve ;—
<br /> . ' Form 3�28 9/90
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