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<br /> --- _—_____= g� ��d ���y ��e. gorrower shall kcep the improvements now eaisting or hereafter ercctsd on the
<br /> -- - s included within the term "eatended coverage" arul uny other hazArd�, including
<br /> fire ha�ard
<br /> inaurod
<br /> a einst loss b .
<br /> Pro Y .
<br /> P�nY
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<br /> - __ - - - - - I�«xia u� tluuliug.fua wl.ich Lc:nJc��rc,�luires insurancx. This titisurasx:c.hhrll bc m�inta�ncd in thc amounts and for thc periad3
<br /> thut Lender requires. 'ihe insurance wrrier providing the insurunce tihull be ch�►.r•en by &irrawer .ubjcct �o l.endcr's upproval
<br /> ` which shall not be unrcasonably withheld. If Borrowcr fnils t��maint�in coveruge dcscribccl uixwe, l.ender muy, ut l.ender's
<br /> � � . ,,,:,�;, option,obtuin covenge to protect Lender's rights in the Praperty in accordunce with parograph 7.
<br /> All insurance paliries and renewuls al►all be acceptablc tu L.cnder and shull includc a standard mongage cluuse. Lender �
<br /> ,;°,a .�rt shall have the rlght�o hold�he policies and renewals. If L.ender rsquires,Horrower shall promptly give to L.en�ler all receipts of
<br /> � paid premiums and renewal notices.In the event of loss,Bonower shall give prompt notice to the insurance carrier and L.ender.
<br /> _ Lender may make proof of loss If not made promptly by Borrower.
<br /> ------ Unless l.ender and Bonower otherw�ire agree in writing. insurance procceds shall be applied to restaration or repair of Ihe
<br /> '�"'`°�"""�`"-��-}� Pra rt dama ed,if the restoration ur re air is economically feasible und l.ender's security is nat I�sened.If the restoration or
<br /> mmx�aar�aa.�e�^31�,_
<br /> n��-"- ' � �z; repair is nat economically feasible or I.ender's security would bc Icsscned,thc insurnnce proceeds shall be appliecl to the suma _
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<br /> P{m-�•��`".^ secured by this Securiry Insuument, whether or not then due, with any excess puid to Horrower. If Barrower abandona the _
<br /> �_�� • �
<br /> �"�`�'^���, . Property,or doea not answer within 30 days a notice from l.ender that the insurance carrier has offered tu settle a claim, then
<br /> ����-"��"=`'� r� I.ender may rnllect the inxurance procceds. I.ender mny use the proceeds to repair or restore the Property or to pay sums
<br /> _,_.�.'... ..,� . ..
<br /> �i�{,qY;e.< � secured by this Security Insirurnent,whether or not then due.The 30-day periad will begin when the notice is given.
<br /> Unless Lender and Borrower otherwixe agree in wddng, any application af praceeds to principal shall not extend or
<br /> _ _�dsx,,.;i:?n�:'� pastpone the duc d�te of the monthly payments referred to in paragraphs 1 and 2 or change the umount of the pnymenls. If
<br /> " - �'�"~�`.T,".;•�,:�; under paragraph 21 the Property is ucquired by L.ender,Borrower's right to uny insurnnce policies and pru�:e�ls resuldng from -
<br /> _-- ���F',. .
<br /> s�'. � damage to the Property prior to the acquisition shall pass to I.ender to the oxtent of the sums secured by this Security Inatrument
<br />� , �,'� • � b�� immedi�tely prior to ttie acquisition.
<br />.. ;.:��,;,.� . 6.Oocup�ncy,Pre�ervAtion, Maintenwnce and Protection ot'the Property;Borrower's l.oan Applicationi I.easeholds.
<br /> ., Bonower shall occupy,establixh,and use the Property as Horrower's principal residence within sixty days after the execution of
<br /> } �� this Securit Instrument and shall continue to occupy the Property as Borrower's p�incipal residencc for at Ieust one year after
<br /> '� ' ��;J��� ��� �� the date of occupancy,unless l.ender otherwise agrees in writing. which consent shall not be unreasonably withheld,or unless
<br /> ,� .,:_
<br /> . �,;� �,_; r;�, extenuating circumstances exist which are beyond Borrower's control. BoROwer shall not destroy, damage ar impAir the
<br /> ' . Prope�ty, ullow the Prope►ty to dete�iarate, or cammit wuste on thc Propeny. Borcower shall be in default if any forFeiturc
<br /> � '' ' ' ' '. uction or proceeding. whe�her civil or criminal. is begun thet in I.ender's goad faith judgment could result in forfeiture oF the
<br /> i�,�t`�,�,,-w�� Property or otherwise ma�eriully impuir the lien created by this Security Instrument ar Lender's security intcrest. Borcower may
<br /> � � . • ' � eure sueh u default end re instate,n.s provided in paragrnph f 8,by causing the aciiou u� pi�x�.iing to Isc dismisscd with a ruling
<br /> that. in l.ender's good fc�ith determination, precludes forf'eiturc of the Borruwer's interest in the Property or other muterfel
<br /> _�• °� impairrnent of the lien created by this Securiry Instrument ur l.ender's securiry interest. Borrower tihall ulso be in defeult if
<br /> � � � Borrowe�,durfng the laan applicution process,gave materiully fulse or inaccurnte infornu�tion ur stntements to LenJer(�ir foiled
<br />: ' " ��• '� to provide l.ender witb nny material information)in cannection with the loun evidenced by the Note, including, but not limited
<br /> � �.-�• „ , to, representutions concerning Borrawer's occupancy of the Property ns u principal re;tiidence. If this Security Instrument ix on a �:
<br /> . ' G�►s�� leuschald, Borrower slwU comply with ull the provisionx �►f the lease. If Borrower acqui�es fee dde to the Pmperty, the -
<br /> ' leasehold unJ Ux� fee iitle sh•rll not mcrgc unlcs�Lender agreeti to th�mcrgcr in writing. _
<br /> • " ' .��«� •• 7. Protectlon of Lender's Rights in lhe Property.If Borrowcr fuils to perti�rm the covenunts and agrcements contained in
<br /> ' � ° this Security Instrumem, or there is a Ie�ul pmceeding thut muy xigniticanUy uffect l.ender's rights in the Property (such us a
<br /> �'. ; ,� pracceding in bunkruptcy,probatc, for condemnatinn or fnrfciture or to enforcc luws or regulations), then [.ender muv do nnd • -
<br /> �•��. + : . >••�..
<br /> s pay for whatever is neceswry to protect the vulue�if the �roperty and [.ender's rightc in the Property. L.eixler's actions may
<br /> �• •� include paying any sumti�ecurcd by u licn which has priority over this Security Instrument, uppearing in court, paying
<br /> ' •• rea�onable attomcys' feeti and entering on the Prx�peny to muke repuirs. Althaugh Lender may t�lce ai:tion under this parngraph
<br />�� � � ��� 7, Lxnder dces not huvc to do So,
<br /> �,� . . ���"'�'� �' .:�` Any amounls disbursed by lxnder under this puru�ruph 7 shall become additional debt af Burrower secured by this
<br /> „" • ' .�� Security Instrument. Unless Borrower unci l.rndcr ugree to olhcr tcrn�s of puymcnt, thc�c umounts chall bear intcrest Prcim the
<br /> • • , dnte of disbursement ai the Notc ra�e and shnll be payable, with intere�t, upon notice from Lendcr to Borcowcr requesling
<br /> J " ' � payment.
<br /> d"�`w, , �.,;" . s�"'" ° 8. MurtRage Insuranee. If'Lemler reyuired monguge insurunce u+u condi�ion of making the loan secured by this Security
<br /> • � " ' � Instrument, Borcuwer shall p�y the premium.r• rcquin�d t�i maintuin thc monguge insurancc in cffec�. If, f'or uny rcason, the _
<br /> �� .•�•.a � murtgagc insumnce coveruge rcyuireJ by Lernkr lapscs�tt rcascs to Ixx in etTcrt. Borruwcr.hull pay thc premiums requireJ to
<br /> t��' •, obtain coveruge substantially cquivulent t��tl�e mortgage insuruncc previously in �ffer�, a�a rn.rt tiubstantiully cyuiv�lent to the
<br /> . ,,x,.
<br /> , i � " cost to &�rrower of thc �m�rtgu@c insurancc previuusly in el'1'crt, 1'rom un Blll'1'11J11` mort�ag�inxurcr approved by Lender, If
<br /> ���'=:�� ' substantially equivolent mortg•rge insurvnre coverage iti not uvuilaMe, 8orrowrr shall puy lo Lendrr cach month a sum equul to _
<br /> �� ` one-twelflh of Ihe ycarly mixtga��in�urance premiunt bring paid by Bnrm�vrr when thr imuranrc ci►vervgc IupKtd��r reaseJ to =
<br /> ''-• � .
<br /> ,. � � . . be in effect. l.ender will:�cccpt,usc und rewin thcx puyment�a, a lins r�.ervr in liru of mongagc inwruncc. l.uti. rrxrvc
<br /> .. form 3028 8l90
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