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<br /> �. �lawr�i w• Pru�iy� Iw.w�w�ce. Burruwer ��all i.u��(+ ti►� iuy�rovenxnts �k�w caia�i��� ur li.:raftcr er�:.:t�rl w� �lw
<br /> Propeny insureci a�ainst los�hy fire, Aaznris i�xluded wi�hin the term "eatenlal rnver.gc' auwl�ny�xF►er hazarcl�, inciudinr
<br /> flcxxls or flac�ding, far whirh I.eixfer rcqaires ia�uranee. This iiuurunce�1wlt t+e�TUintaiiktil in tl�e unxwnt�wxl fi�r the�xricMls
<br /> that Lxnder reyuircs. 'Y't►e iruur;uxe carrirr pnwiding the insur;�xr shull be ctx�sen by&�rruwer�ubjctit tu Le�xkr'�:y�rova!
<br /> whi�h shall not be unre.wxubly wittilklJ. !f E3.wrowcr irils lu maintain niv�r,�c�kKribcJ atw��c, l.�i�:�•u�ry, at Luwkr's
<br /> optian.nbtsin co�•cr�e ta protert l.endcr'a rights in thc Property in ncrnrei�x-r with�r,�raplt 7.
<br /> All ii�.wr,uxr�x►lirics�uk! r���ewula stuel! lx w;ccptyble tu lxirlcr lixl s1u11 i�kiwk u �►�ual�ud ��kWtL:yc �I,wsr. l.u�kr
<br /> �h:l{tu.:tAr:i�h1 ti�l�wlty{ih flitii{CIC3��7���CIw�L�i{s. IF i.c��::r r�,:�uircc, &urc�ucr�l�ll prcu:�y;ly`t�•r t«t.er�;t:r.II rc�:i��.:,t
<br /> paid premiw�u uixf rGxwal�x�tic¢s. In the c��cnt of luu. 6orniw�ee st�ll�ivC p�np1�l�xkC k�tlk:iu►W',u�u:u��ier u�xl Lu�.
<br /> l.e.uder m•ry makc pra�f c�f luss if'�xk nu�le prwi�tly Gy Borruw•cr.
<br /> fli�iess[.e�xltr wxl�rraw�cr uUxrwise arree in writing.inwr:tncc pra,�etds stall be applial tu reuuration�u rcp;uir of tl�e
<br /> Pru{xrty danwgod,if the�uor.uion or rcpair is economically feasible and Lettider's security is txu Icxsenal. !f the r�star�tion ur
<br /> rcpair iy�xu�xau�mlcally fe�ible or Lcnder's security w•ould be lessened,the i��suraoce procoais shall be appliod ta tt►c sutns
<br /> sccunxi by this Socurity Insirumem. u•he.ther or not then due. with ariy excess paid to Borrowe�. If Borrower�b:uidans the
<br /> Propeny, n�dues not answer within 30 d�ys a natia from l.ender that the insuronce camcr has offered t�settle a claim,then
<br /> Leruier m:iy collect the ituui,utce praceods. Le�xier cnay use the proceods to rcpair �r rcstore tAe Fropecty or to pay sums
<br /> se.cured by th3s Security Instrumont,w�r or noi then due. The 30-day period will begin when the notice is given.
<br /> Unless Lender and Borzouer atherwise agrex in writing. any application of proceeds .o principal shall not extend or
<br /> postpooe the due date of thc monthly p�yrr�nts referred to in para,graphs 1 aixl 2 or change the anwunt of the p�yments. If
<br /> under p�nSgraph 21 the Property is acquired by l.ender, Borrower's right to any iasurance policies ancl procoeds resulting from
<br /> dunage to the Property Frior to the acquisition shall pass to i.ender tu tue extrait oi'the wms secured by this�ecurity Insttument
<br /> immediatefy prior to the acquisition.
<br /> 6.Oocup�r�cy,Prestrvation.l�talate�wa�Y aad Protcetiou ot t4e Pt+opesty;Borrow•er's I.oan gppUcution;Leasebolds.
<br /> Borrower shall oocupy,establish.and use the Property as Botrowtr's principa]raidenoe within sixty days af'ter the exxution of
<br /> this Security Instrument and shall caniinue to oa-u�y the Property as Borrower's principa! residence for at tcast one yeu after
<br /> the date of occupancy. unless L.encter otlierwise agrees in writin,�.which cronsent shall noi be unre�onably witlil�eld.or unless
<br /> eatecwating circumstances exist which are beyatd Borrower s control. iiorrower shall not destroy. dan�e or impair the
<br /> Property. allow the Propeny to dtteriorate, or oanrnit waste on the Property. Borrower shall be i� default if�ny forfeiwre
<br /> aetion or proceedi�. wl�ettkr civil or criminal,is begun tt�st in Lencler's good fvth judgment could result iji fodeiture of tl�e
<br /> Prope�4y or otherwise materi�lly imp�air the lien�:�+e�ated by this Socuriry Inurumen: or l.ender's security i�u. Borrowa mxy
<br /> cur�e such a defxult and rcinstzt�,u provided in par�graph I8,by causing the action or proceeding to be dismissod with��uling
<br /> that, i� Lender's good faith determiasation, precludes forfeiture of the Borrowcr's interest in the Propeny or other materia!
<br /> impaira�su of the lien created by this Security insttument or Lendei s s�e��:rity interest. Borrower sh�ll also be in @efault if
<br /> Borrower.during the loan s�+iication procas.gaie rt�aterially false or inacturate information or sfatemexcs to Lender(or failod
<br /> ¢o provide l.endcr w�any material iafo�natioai in rnru�ection with the lwn evidenccd by the Note. iacG:3ing.but not limited
<br /> W,reaesentations conoeming Borrower's oceupancy of the Property as a priacipal residence.if this Secu�ity Instrument is or,a
<br /> ksxd�t�{d, Anrmwer clwll otNn�ly tvith all t}w nmvicinnc ni ttw I�acr, Tf Anrrnukr�m��im fir tirl�. ta► �iw,--�n5er_w_�t_�� tM—.---..
<br /> - - teaea�wtd aixl ti�e fee GUe siull not merge untess i.eider�grxs co the merger in writing. --- ---
<br />' 7.Protectioa o!"Leades's Ri�bts in the Property.If Borrower f�ils to perform the oovenants ana s�.raenxnts cont�inod in
<br /> this Socurity Instnunent. ar there is a kga!p�n�aaiing thu may significaculy affect Lender's rights ia t2�e Prnperty (such as a
<br /> prooeafing in hankruptcy.probate, for condeau�tion or forfeiwrc or to enforce laws ar regula�ions).then Lender may do and .
<br />� pay for whatever is necesstiy to prcxect the v�lue of the Propeaty atid l.ender's rights in the Property. Lender's xtioac may
<br /> 4 include paying any sumc securod by a lien wLich hac prioriiy over this Security IRStrument. appearing in court. paYiqg
<br /> reason�ble attomeys'fces�nd entering on the Prop�ty to malce repairs.AW�oygh L.etder may take actioo under this parayraph
<br /> 7,[.wder does not hmve to do so.
<br /> My anwunts disbunod by Lender under this paragr�h 7 st�ll baome additionai debt of Borrower sociu�ed by this
<br /> a Security Jnsqumeru. UNess Borrower and Luder agree to c+t}rer ternu of payir�eot.tt�ese zntounts shall bear iaurest fi+om the
<br /> date of disbursemeat at tlfe Nute rate and shall bo paysbk, with interest,upon iwtia from i.eader W Bocn�wet ro9uatiq�
<br /> 3 p�yyment.
<br /> •: 8.1Nost,�e Ioeurance.If I.ender requit+erl�rtgage insur�nce as a aonditioa of making the lo�a�s�ured by tbis Socurity
<br /> '� Lutnameru. Borrowu sisall pay the prcmiuuu r�uired to�aintain the mortgage iasurance in effed. If. for any cr=son. tbe
<br /> � taart�ge insurao�e cuverage required by I.e�er lapses or oeases w be in effect,Borcower shall pay the premiums rxquired W
<br /> } obtain ooverage����*�„};��IY equivalent to tLe mortgyge insurmce previously in effax. at L rnst sa�t,si�adaliy equivalent w the
<br /> �� cost to Bomowu of the moctgage incurutioe p�vuwsly in effect, from aa�ltemate mortg�ge itu�rer�roved by L�er�der. If
<br /> ;j subst�ntially equiv�eat mongage incurrnce co�er�e is not availabk.Borrower shall pay ta I.ender each month a sum equal to
<br /> � one-twdith of the yeuly taortgage icuurarke praaium being�id by Borrower when the insurancx coverage lapsed w ceased w
<br /> * be in eFlt'e�.L�e.nder will xoepi.use sad ret�in the�payu�¢s� a loss reserve ia lieu of Qoortg�ge iasur��ce. I.osc reserve
<br /> fa.m 302a �/90
<br /> rsp�3 016
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