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<br /> � 92— 1os��
<br /> '�� _ g� }��� proPerty In�urAnce, Borrower shall kap Ihe improvements now existing ar hemafter erected on the
<br /> ' Propeny insured aQainot I�ss by firc, htuards included with!n the terni "extendecl covernge" and any other he�rds, including
<br /> floods or floading.fo4 which Lender requires insurunce. This insurance Rhall bc�twintainod in the amounta nnd far the pet3ads
<br /> - that i.ender requires. The insurance carrier praviding the insuruncc shall be chosen by Bormwer subjoct to l.ender's upprovnl _
<br /> _�_�"'i � which sh�ll not be umeaxonably withheld. If Bamnwe� fails to mainto�n caveruge descritxld above, f.ei�er uwy. a� I.toder'r
<br /> , , ti option,abtnin coverage ta protect L.ender's rights in the Property in accordance with paragraph 7.
<br /> All insurance polkies and renewals shall be acceptable to Lender and shell include a standnrd mortgage clause. Lender
<br /> L.� �s shall have ths rlght to hold the policies ar�d renewels. If l.endcr requires.Borrower shall promptly givc to f.endcr ull receipts of K
<br /> I paid premiurtu+and re��ewal noticcs.In the event of toss. Bortower shall givc prompt nutice tu the insurancc�u'der und I.ender•
<br /> �s� � L.ender may make prooiaf loss if not nmde promptly by Borrower.
<br /> - Unless Lender and Borcnwer otherwise agree in wr�ting,insurance procceds shall be applied to restaration ar rapair of the
<br /> —���� Prapeny demaged,if the restoration or repair is exonomically feasibAe and Lender's security is not lessened.lf the restoratian or
<br /> - ,�; repair is not econnmically feasible or I..ender's scxuriry would be lessened. the insurance proceecis shall be applied to the sums
<br /> _ ��__ _� secured by this Securiry Instrument, whether or nat then due. with any excess paid to Borrower. if 8arrower ebandans the -
<br /> - PropeRy,or does not answer within 30 days u notice from Lcnder that the insurance carrier has offercd to scttic a claim, then
<br /> ,==,��,-�.� l.tnder may callect the insurance praceeds. L.ender may use the praceads to repair or restore �he Property or w pay sums
<br /> -��,e,�-��A--� secured by this Security inslniment,whethcr or not then due.The 30-day period will begia when the notice is given.
<br /> -- � Unless I.ender and Borrower atherwise ugrec in writing. any application af procecda to principal shell rrot extend or
<br /> ��,-�';��,`_ ,, postpone the due date of the monthly payments rcferred to in peragrapha 1 wid 2 or chsmge the amount of the payments. lf
<br /> __�_.;� under paragraph 21 the PraperlY is acquired by l.ender. Horrower's right to any insurnnce policies und proceeds resulting from
<br /> - =-'"'�-'�"_�-- damage to the Pr�perty prior to d�e acquisition shall pess to I.ender to the extent of the sum9 secured by this Secutity Instrument
<br /> '���''� :'`"..�': inunediatelypriM-�otheacquisition.
<br /> ' �`���'��M "••'• •��'�`� b.pecupancy,pi,e�ervANon,1Nointenaace pnd Protectfon uf the Praperly;Borrower's Loan ApplicANon;l.easehoids.
<br /> V:.� �css.�.:',�„•,..' �ati;i•:
<br /> ;� Bonower shall occupy,establish,and use the Property a.4 BoROwer's p�incipal residence within sixty days after the execution of
<br /> '`='����,� this Secu�ity Instrument and shall continue to occupy the Property as Borrawer's principal residence for at least ona year after
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<br /> •.a,�,�;.�,��a'',;y' the date of occupancy,unless I.ender otherwir,e agrees in wdting, which consent shall not be unreasonably wlthheld.or unless
<br /> ;�;�t�,��{�^:° ',;;�„ . cxtenuating circumstances exist which are beyond Borrower'� control. BatTOwer shull not destroy, damage ar impair the
<br /> '•.g• � • Property, allow the Property to detetiorate, or commit wnste on the Property. Borrowcr shall be in default if Any forfeiture
<br /> - � '� {`'�i:ii,:::�:si�;'�t� �
<br /> �„•: 6. f �, uction ar proceeding.whether civil or criminnl, is begun that in Lender's good faith judgment could result in forfeiture of the
<br /> ``-"'' �`•'� • Property or otherwise materially impair the lien created by this Security Instrument or l.ender's security interest. Horrower may
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<br /> M;T w cure such a default and reinstate,as pravided in paragrnph 18,by causing the action or proceeding to be dismissed with a ruling
<br /> - '.-s ' .__- ,_ _ - that. in l.ender's goad failh determinAtion, precludes forf'eiture of Ihc Borrower's intcrest in the Property ar othcr n�aterial
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<br /> _ . ,�ri., , ,..,_,� .� impairment of the lien created by this Security Instrument or Lender's security interest. Borrawer shatl aisa be in defauic i
<br /> .�:; �-� • h•�^'";;�:Jr:. Borrower.during 1he loan applicution process. gave muterfally fnlse or irwccurute infornwtion or statements to I.ender(or failed
<br /> ;;� � � -_, � �';:• to provide Lender with any matcrial infomwtion)in connection with the loan evidenccd by the Note. including,but not limited
<br /> - '. •.;�� to,representations concerning Borrower's accupancy of the Propeny us a principal residence. If this Security Instrument is on a
<br /> - • � � leusehold, Borrower shall comply with all the provisions of the lense. If &►rrower acquires iee tide to the Propeny. the
<br />'���.' " "• ��""'''`�`` leasehold ancl the fec lillc shwll not mergc unless L.cnder agrees to the mcrger in writing.
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<br /> • ,;'�,...;;; ;�:.• 7.Protectbn of Lender's Rights in the Property.If Borrowcr fuils to pert'orm the covenants and agrecments contained n
<br /> . ' ' ° f° tins Securiry Instrument, or there is a Iegal procecding thut muy+ignificantly affect Lender's rights in the Property (such es a
<br /> - � ' "'°`"- proceeding in bankruptcy,probnte, for condemnution or f�rfeiwre or to enforce luws ar regulations).then Lender muy do ond -
<br /> -�'�` '�:"` �s �`� pny for whatever ix �xcessury to protect the vulue of the Property unJ l.ender's rights in the Property. I.ender's actions may
<br /> ��� , � include puying any sumti ticcureci by u lien which hu� priority �wer this Scwrity In�truuxnt, appearing in court, paying
<br /> _..,�• ,eit�Ua��.•..• � ���� reasonable attorneys'fees und entering on the Property to make repairs. Although Lender may tuke action under this paragraph
<br /> k'` °' �' `� 7,L.ender dces not have to do so. -
<br /> �'''. `'�' �` Any umounts dfsbursed by l.ender under this parngruph 7 shnll become udditional debt of Horrower secured by this
<br />,� . -.ri_'�'•'`��. �", Security Inswment. Unless Borcower anci Lendcr s►gree to other tcro�s of p�yment, these amounts shull beur interest from the
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<br /> � ° , .r , _ datc of disbursernent at the Note rnte wid shall be payuble, with interest, upon notice from Lxnder to B�rrower reque.wting
<br /> . payment.
<br /> "� "''D 8. Mortgpge incurance.If Lender required mongage in�urunce as•r condition of muking�he Inun secured by this Security
<br /> •�����' "�• `' ' � Instrument, Borcower shnll pay the premiumti required to muihtuin thc mortguge insurnnce in effcct. If, i'or any reuson, the
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<br /> � ;;�.�'. � mortgage insurnnce cover�gc requireci by l.ender lup�s or cc�scs to bc in effect, Borrower shall puy the premiums required to
<br /> 1 '"'' • obtuin coveru e subs�antinll e wvulent to thc mort � c insurance rwiou,l m ctfcrt.ut u cost,ubstantinlly equivAlent to the
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<br /> � � cost to Borrower of the mortguge insur•rnce previously in effect, from an alternute mongagc inwtt�r upproved by Lender. If
<br /> ` _.�F�-. " ' substantially cquivulem mongage insurance c��vcruge ix n��t uvuilaBle, Bnrrower shnll p•ry to I.ender cuch month u sum equul to
<br /> � `' a '� one-twelfth uf Ihe �arl mon u��insurancc remium hein. .�id h Burrower whcn Q�c in,urance roveroge lapsed or ceused to
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<br /> be in effect. l.ender will accept,uxc und rctuin thc,c payment.u� u lo" re�crvr iu lieu ot' mung•rgc insurancc. la�xx reserve
<br /> � " . ' Form 3028 9190 _
<br /> , � P�ys 3 0l 8 -
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