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<br /> S. Il�rrd or I�ty� [awr�.e. BOiI'�]R'C(c�1�JI �:0.j1 [Ik' Ifiljliq�CIriCI1tG titlW CXI51111g OT htxraftcr cr;.�t.�l c,» tt�;
<br /> Pru�seny iiuun�l q��l�ut lus.� hy firr.IuwrJs iixluJal within tl�e er�m "rxteikt�xl�uve���e" W►J w�y �Kl�er Iuur.ic. i��;tu,{ir�3
<br /> fkxidc��r ila�cJinY, tix which Ixixlcr royuircs in�u�ancr.This inwrance slull lhc nu�intui�wcl in ti�c�uixwrus u�fi�r ttr;per+o�is
<br /> thzt Leneier rcyuiros. The ii�.wr�nce carrier pro�iJing thc incurance shall be rhu�n by &�rruu•er,ubjnt ta�enJer'��vo��:�l
<br /> which shall nex be unR�nably withheld. If Barcaw�er F�ils tn nwlnt�in co��en�e de�rrit�l atwve, Lenckr ntiy, at l..roxier's
<br /> optiun,obt�in .�verure ta pnu�tit l.ender's rights in the Prapcny in unc�rJunk:with Fwrrgrrpt�7.
<br /> AI! insuzsnc�: pafiries a�d renewals sh�lt be a�x�tabie ta Lendcr nnd stu�ll i�rluile a at�xLud rrwrtg�,*,r clswc. Le�Klrr
<br /> ►ha11 tuve tik right to huld d►e polirics wxl re��wals.If Lc��k::re�uires. Borruwer siwlt prouiptly bi�•e tu Cxn�l.r sll r4.�eipts af
<br /> paii!premiums ar�r.n:w•al ria:ic.s. in th^evcn.o€loss. Borraw•�r shall give prumpi r�ticc to th:incuran::c.:rier;e.�„i l.euJ::.
<br /> Let�er rr�y ma�:e prex�f of loss if noi made promptly by Bomower.
<br /> UNess Lender and Borcower othe�wise agree in writing.iruuraiue pro�eds stwll be applial ta restaratioa or rep�i�of the
<br /> I'roperty danu�ed, if the restoration or repai�is economically feasib�o and Lender's security is not le�sened.lf the rostnration or
<br /> rep�ir is rxu econamically fc;asible or Leneier's scxurity would ba Iessened,the insur.uice proceeds shaq be a�+Flied to the sums
<br /> sccured by this Secu�itv Inserument, whether or not then duo, with any excess paid to Borrou�ec. If Borrower ahu�c�ns the
<br /> Property,or does not acuwer within 30 days a ncuice from L�:nder thut thc insutance carricr has offercd ta settlo a.��:,i+n.th;n
<br /> Lende� may collect the insurance proceeds. L�:nder may use the proceeefs to repair ar restore the ProFert�• or•t,� �,y suuu
<br /> secured by this Sec:u=wy insuument, whelher or not then eiue. Thc 3Ct�w� pw-iod wilt begin when the notiee is gic�.x.
<br /> Unless Lxnd�: ;�a� 6orrc�u�r otherwise agree in w•r.tu,�;, sti.�� a�li.:a:ion of procceds to principsl slf:tll tv�. extend or
<br /> po�� the due ci:ete of the r�ont3:y payments referre�t� ia par�r�s 1 r.nci 2 oe ch.:uge the an�uru of l}k�yments. Yf
<br /> u��pas��tuph 2I the Properc,ds�ruic�i Ls� Lers�r, �cxrcwer'�r�`et to zov in.car�«ax.Evliries�d procrcw resulting from
<br /> c�ia�;e to the Property prior w z'�e aoquisir.c:�:..'�,z13 pas�to P.x.aier to tha eAtcnt of the sr.;�secured by this S.��urity Inst�ument
<br /> inuuediately prior to the acquisitiata.
<br /> 6.Oocupswcy,Praervatiau.Maintenance and Protection ot tha Property;Bc�rrow�cr's Losn Applirrtiaa; Lesseholds.
<br /> Borrower shal!occupy,establish,a,�d use the Propeny as Borrower's principal residence w;thin sixty d�}•s after the execution of
<br /> this Security Instrument and shall conti�ue to occupy the Property os Borrower's principal resideixe for at tez.0 one yezu after
<br /> the dau of oc..upuxy, unless Lender otherwise agrees in writing, whtch oonscrtt shall noi be unm.asonably w•itWsekl. ar unless
<br /> extenaating circunut�nces exist which are beyond Borrowor's controf. BorTOwer shall not ctrstmy, c4am�e or impair the
<br /> PropeRy. allow the Property to deteriorate, or comnut wustc on thc Property. Borrower shall be in default if any forfeiturc
<br /> t�cction or procooding, whether civil or criminal, is beQun that in L.enJer's goal faith judgment coukl nxult in far�'eiturc of the
<br /> Property ar othenvise n�ateriAlly lmpair�Ix lien cre:�ted by this Socurity [nstivnxnt ar Lec�ler's socurily intrrest.Bc►rcower may
<br /> ' curc such a default and reinstate,as providod in para�raph 18.by caudng the xtion or p�o.^eeding to be disruicud with�rulinQ
<br /> that. in Len�ier'c guai f�itb deteRnination, prxluda forfeiture of tho Borrowu's interest in tht Prupeny ar other material
<br /> impairniuu of the lien createal by this Security Instmment or Lcndcr's security inurest. Bomow�er shall alsa be in default if
<br /> ti Borrowu,during the luan applicuion procas,gave materially false or inaccurate infam�ation or statcmenis to l.ender(or f�iled
<br /> • to pmvide Lender with any material infora�ation)in connxiion with the loan evidence�by the Note. including,bus not liraited
<br />� to.tnpresenlotions coneeming Botrower's occupancy of tha Property ac a principal residence. If this Securiry Instniment is on a
<br /> les�sehold. Borrowu shall oomply with all tlte provisions of the lease. If Borrower aoquires fu titk ca the Property. the
<br />�i (e�refnld 9rd tir fee tiNr.rhall mt t�xr�P unlrsc i nv4r a�rrrc t�Ihr.t�w�r in writino -_ _-__
<br /> = i.Proteetloo ot Leoder's Ri�jttt9 It�tbe Praperly- IC Surruwer faiis tu p�rform tne covuuaLs u�agreemetits oont�inod in
<br />=' this Security Inurument, or there is a lega!proceeciiug that may significzntly affect Lender's rights in the Property (such as a
<br />= procading ia banlcruptcy,prd�ate, for conde�ation or forfeiwre or to enforce I�ws or rege�l4tiorts), tha�Lerider may do�nd
<br />� pay for whatever is nece.ccary to ptotect thz vaiue of the Propetry znd Lendei s rights in tf�Property. L.ea�der s actions may
<br /> = include paying aay sumc secu�rod by a lien whieh h�.s priority over this Security [ntiuumenl, appearing in caurt. paY�B
<br />'� reasonable sttomeys'fees�ad e�ring on the Property tv miiue repuin. Although Le�ri,.�t-may taice action under�his par�gr�pa
<br /> 7.L.esder daes not have w do su.
<br />,;� My amounts disiwrsed by Lendes under this pa�agr�ph ? stnll become add.itioss�l dobt of Borrower sxurcd by tlti.s
<br />� Security Iiuttument. Unless Borrower and lender agree to other temu af payment. thesc:amounts shal)bear intsrtst from tlse
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<br />' dat�c�E disbnrsenr.nt r.t the l�ote rate wd s1�11 be payabfe„ with interest, upon notice from Leader to Borraw•er c+eyuesting
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<br /> . �.Mortg�ge Iowu�oe.II�i�ender roquirod mottgage insuranoe as a wndition of�making tl�e loan srcural ir�:t�is Stcurity
<br /> IBS�ument. Boaowu shall pay the prcmiums required w maintain the mortgage in;uraoce in efta�. If, far aay reason, the
<br />-+ imrt,�age inwruxe ooverage required by I.ender lapus or ceases to be in effoct.Barrower slwll pay�tlae�sreaciu�s required to
<br /> � d�riu coverage substu�tially equivalent to the mortgage insurance prcviously in eftact. at a cost substantialIy eqtuti•a'nt to tlie
<br /> , oosc G�Borrower of the niongage incurance previously in effect, from an alt�ernat�mort�ge iawrer approva�b��L,u�der. If
<br /> ' substantislly equivatuu mortgage iacurrnce covenge is not avtilable,Borrower sh�k!pay to Luxler each month a sum equsl to
<br /> i onc-twelfth of the yeuly mortgage insuranoe premium bcing paid by Borrowcr whr.n the insur�na ooverage l�psod or ceaud ta
<br /> 3 be in effax.l,ender will accapt,use aad retain these paytnents as a loss reserve in lieu of moctgage insurance. I..oss reurve
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<br /> i«m 3�028 8►90
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