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<br /> 5. Hoaard or Yropert} Insursnce. Burmurr .hall keep thr �mprc»cment. nuu c+u+nng an c�ru�fter �r�ctcJ on the � � � � ,.-
<br /> Pmperty inw�ed sgain.t lrnc by fir�. h;Uard,�nrlud��! within the term "erler.deJ ru��ragc"and .�ny uther h;uard.. inrludin3 .2.� . ; , � • :�''�'
<br /> � tloods ar fluaJing. for a•htrh LcnJer reyuirrs in+uranrc. Thi,in,uauice.hall he maintuin��i�n thc amnunt�;uiJ t'��r the periods • . -
<br /> that l.ender reyuire-.. Thr in.ur.u��r rarner providini the in,uraa«: .h;ill be chu�cn b� &�rn+u�er ouh1rct tu l.c�t�lrr'�appnn•al �� • ..
<br /> «hich sh�ll rnu he unsea,cmabiy «ithhel�. If Burru�cer fail�to m;iintam a+cera�c J��+�nbc�l ah�xr. L.rrn1eE map, at l.ender'x . � ���"G:r�
<br /> . option.obtain wverage to protect l.ender'+righ�,in the Praperty in a�curd;nur with p;ua�raph 7. • . .° `.
<br /> All intiurance pulicies and renew•al� +hali be acceptable to l.ender and sh�ill include a standani murt�age rla��e. Leader -... .. _, .`-�"�'�
<br /> - - �hali have the right tu hotd[he pulieic�:uid re��eaal�. (f i.radrr reyuirr..fi��rruwrr�hali pn�u�!ly gi��r tu LcKnlrr ult rec�eipt�uf ----_=-;_�=_
<br /> paid pmmium.and rene�val notice.. In the eti•ent of I�ss,Bnrmuer,hall give Prompt notice to the insurance carrier and L,ender. — . , ,- _
<br />. Lender may make pruof of loss ef not made promptly by Borroµtr. _ ..,.,,�,��,y;a;.__:
<br /> Unless Lender and Borrotiver othenvisc;agree in a•ritin�,insur-,uice pro�-ceds shall bc applied to re�turatian��r repair of the � � r•,L'.,J..' �.
<br /> � Property damaged,if t6e re�,tnratian or repair is economically feasible and[xnder's security is not lessened.if the restoration or •�`-'=-'"�'
<br /> �. :t-=�=�
<br /> . . _,f... .
<br /> repair is aat economiqlty fea.�ible or [.ender'e secu�ity would be lessened. tfie insutance praceeds shall he applied to the yums 4. ' � ` �� '
<br /> secured by this Securiry Instrument, �vhether or not then dne. with any excess paid to Borrower. If Borrower abandons tAe '-=��-'����`�"�::
<br /> s M'x�7L�4r��.,"
<br /> Property,or does not answer within 30 days a notice from Lender that the insurance carrier has offered to,ettle a claim. then . `'.``
<br /> Lender may collect the imurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums � '
<br /> secure�by this Security Instrument,whether or not then due.The 30-day period will begin ahen the notice�y given. �:�•"` .:• ,a�.a
<br /> �• "c Unl.ss Lender and �orrow•er othenvise agree in wriring, any application of proceeds to principal shatl not extertd or � � ' :
<br /> �:a;,� .,.��:,."=:_=s
<br /> '' postpone the due daee of the mnnthly payments referted to in para�raphs 1 and 2 or change the amount of the payment�. If ...:"'
<br /> :,-�.�;_-
<br /> under paragraph 21 the Property is acguired by Lender.Barrower's right co any insuranoe policies and proceeds resulting from , {�.;�.�.
<br /> , : damage to the Property prior to the acquisition shall pass to Lend�r to the extent of the sums secured by this Security lusirument ;�._� . °
<br /> �.��*+5►.;�:;:._
<br /> immediateiy prior to the acquisivan. � _.
<br /> _ 6.��tauey.Preservation,Maintet�ance and Protection of ttte Property; Borro�rer's I.oan AppltcatIon;Leaseh¢lds. �:.���'. : -
<br /> , +- "....�.�w ti' `u:-,�.
<br /> Sorrower sEr;�It�ccupy,establish,and use the Properry as Borroa•e*'s principal residence within siaty days after the execution of • �
<br /> this Security i�s;trument and shall continue 30 occupy the Property as Borrower's principal residence for at least on�year after - -
<br /> ;.r tt�e date of occupancy,unless Lender otherwise agrees in writing, which consent shaU not be unreasonably withheld,or unleas
<br /> extenuating circumstances exist which are beyond Borrower s control. Borrower shail not desuoy, darnage or impair the -• � �'"�p .
<br /> Property, allow the Property to deteriorate, or commit waste on the Property. Borrawer shall be in default if aay forfeiture , ,P..�..,;::�'' :.. .
<br /> _•,:�t� ac6on or proceeding.whether civil or criminal, is be�un that in Lender's goad faith judgment could nsWt in forfeiture of the �:��i:= ' `
<br />'�,`'`s��`1� [hoperty or othenvise materially impair the lien c�eated by this Security tnstrument or L.ender's securiry interest.Borrower may � .�,;,-'p _.=
<br /> ' ai.se such a default and reinstate,as provided in parag�-.�Ia 18,by causing the action or procceding to be dismissed with a niling . ..�
<br />• i1:�.. in Lender's good faith detersnination, precludes Cosffeiture of the Borrower's interest in the Property or oiher material � -
<br /> �r:-�^airment o£ehe lien created by this Security Instrurnent or Lender's security interest. Borrower shall also be in default if �`i
<br /> Borrower,du�g the loan applicarion pmcess,gave materially false or inaccurate informadon or statemenu to Ixader(or faited �� �
<br /> tn�mvide Ixnder with any material information)in connedion with the loan evidence� by the Note,inctuding,but not limited
<br /> ta.�_representatians concemiug Borrower's occupancy of th�Property as a principal residence.If this Suuriry Instaument is on a -
<br /> � � teasehold, Borrower shall comply with all the provisi�.-s of th:, lease. If Borroner acquires fee title to the Property, the ,�a���=-_
<br /> " leasehold and the fee title shall not merge unless Lender agrees to the merger in wridng. �`�F-'�-_�_�
<br /> " ' 9.Protedlon of Lender's Yttghis in the Property.If Borrower fails to perform the covenanss a.ad agreemenu containecl in �� __
<br /> . . ._ this Security Instrument, or there is a legal proceeding that may significandy affect Leuder's rigC.:�in the Property(such as a ' :
<br /> . ' �sruceding in bankruptcy,probate,for condemnation or forfeiture or to enforce laws or regulauons), then Lender may do and -• - -.
<br /> �, �; �y for whatever is necessary to pmtect the value of�¢Property and Lender's rights in the Property. Lender's actions may �>��,i� •�� ;,:,:�.•�
<br /> 4'• include paying any sums secured by a lien which h� priority over this Security Instrumen� appearing in wurt, paying ---��---=""-"
<br /> �•. reasonah?e al:i:rneys' fees and entering on the Property to make reFaSfs_Although Lender may take action under this pardgrar(z ��"_���TW-�T.
<br /> � ,:t ?.Lender v�s:s not have to do so. ��-
<br /> • �' Any amounts dislwrsed by Lender under this �..r-..�raph 7 shall become a�'rliZional debt of Borrower sozured by this
<br /> '. �ess.:rity lnstrument. Unless Borrovrer and Lender agcc�i�other terms of paymeru; i±:ese amounts shall bear interest from the •-�'� - '-`=- ---°
<br /> ,;•� r:ate of disbursement at the Note rate and stiall be psyable. with interest, upon nodce from Lender to Borrower requesting __,.---
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<br /> ..�3��;�, 8.Mort�e Insurance.If Lender required mortgage insurance ac a condition of makin�4,n_Ic;n secured by this Security f;,,:-;.. � -.
<br /> � ;� Instrument. Borrower shall a the remiums r uitect to maintain the mort a e iits:z_ance in eafect. If, far zn reason, the �"^�''�-''� ` -
<br /> A Y P e9 g g Y ���a� � -
<br /> mortgage insur8nce covcrage required by Lender lapses or ceases to be in effect.Sorr��arer shall pay the preuuv..-ns required to -- �_
<br /> '�� obtain coverage substantialty equivalent to the mortgage insurance previously in effect. at a con s�bstantially equivalent to the • . -
<br /> ,:{ � wst to Boaa�er of the mortgage insurar�rx previously in effect, from an altemate mongage ir�.,�.rer approved by Lender_ If ':'`t•�' ,'•
<br /> r � ,�..
<br /> ��+':'�r� substantially�livalent mortgage insuc,,�.r.e coverage is not available. L'orrower shall pay to L,ender each month a stua e�ial`.tn ��'���`'� ?
<br />,;;�tfi � . �'•ti.�ys:..
<br />•; one-twelfth of the yearly mergage i-*alr.:.-,x premium being paid by Borrower when the insurance coverage lap�d or ceased to ��-:-_tiY=:
<br />.;�.'�',: 1�in effect.Lender will aa::pr.�se�,�vS ra:ain these payments as a loss reserve ir. I�:u of martgage insuranc�. Loss reserve �-•-'��H��_��
<br /> ��;1��: Form 3028 9/90 �''i
<br />���!{r'; Gego 3 0l 8 ��llf�t'�;Sd�r
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