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<br /> g, E{�� oc property Insttrance. Borroa•er shali keep the empro��emenu no��• existing or hereafter erected on the �:;:,:;;;,,•;-••� -,. :' •
<br /> -.- Proptrty insured against loss by fire, hazard� included within th:cerm "rxtended co�%erage" and an� other haiacds, intlading ;:•-�;.=���-__
<br /> floods or flooding, for w•hich Lender requirc�insurance. This insurance shall be maintained in the amounts and for the periods . , _
<br /> that Lender requires. The insurance carrier providing the insurance shall be chosen by Borrow•er subject to Lender's approval •' ''. -
<br /> which ,hall not be unreasonably withheld. If Borrower fails to maintain coverage described above, Lender may. at I.ender's .
<br />_ option,obtain coverage to protect Lender's rightti in the Property in acrnrdance with p:3r'.�rr�ph 7• '; , :, : -..
<br />- All insurancc ��licies and renewals shall be acceptable to Lender snd shall inctu,ie a Stand�d mongage clause. Lender ,. ,:.,�;:..r�-._ ,__
<br />" shall have the ri�l;:_'?z"old the policies and�ene��•ats. If Lender requires. Qnrrov+er s h�l prorr�t l����-e.r-=:L e n d e r a l l r e c e i p t s of -�=-:T='--r.- :-•
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<br /> vive ram E avttce to 4;e:r.L:���Carrier and LeIId�r- ,,•-.:��`=�i°r:arrj� .�1+ .;
<br /> paid premiurru an�-:.�wa1 rtctims. In th.e e�ea�_i loss.Earrower sha[f� P F •�•:;�,. ,".`. .:' , �.Y .
<br /> �
<br /> � Lender may make prcof uf(v�s if�;.:nade promptty by:�`+T,,���. �,�,}:'' ,�s ;._', � : .,;,;_
<br /> Unless Lender and$or:e:.���erwise agree in wr.�,-�,�..'a_s.:rance gro�=^e�'-s=�-�:l'Jl 5c:�.Plied to restoration c�r��t'�:F•��. '` -_
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<br /> Property damz„�- =`-'_`'e restorar�oa or repair is ecanomica:i: '�sible��•��.:.�-rizr's sec-mty is not lessened. If the r.:3ro-s�oa.;r t:..-. , :•�, ,...� . —
<br /> repair is not ecc�ra:�c w'1y feasible or Lender's s:curity would be lesse.L�-::. :�Y:iasurance proceeds shall be appiied to the sums ° � %,„';��E�t,:� ��fi`
<br /> �;.., ��
<br /> . se�r�3 by :h�a S.;c�trn Instrument, whether ar-at then due, with as!: ���..'ss paid to Borrower. If Borrower abandons the •�_�.,'„��;;;j:�,�
<br /> ..� .f,: >��:. �:
<br /> Pre�e�cs�:_ �r�.� n�:�swer within 30 da}�.� ��tice from L.ender that��,:insurance carrier has offered ro settle a claim, then '�'�> ,.f��f .. F
<br /> -+-�y " -- ��e insurance pmceeds. " �-�der ma use the rocceds to re air or restore the Pra erty or to sums `"#'t5'��� '"�f`'
<br /> Le.�� ..:a c._°� Y p P P PaY .;�=�%,�i'r�t':r:_:',;:��
<br /> � sei.�ured by this 4ecur.:y Instrument,whetFer o;r.�t then due.The 30-day period will begin when L�°*��tice is given. `.;;};i,��, '�`� ��� "•'�t'
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<br />'.,�3. Unless Len..�'..°:and Borrower oiheru�;�. -agree in writing. any application of p:oceeds to �n:ine;aal shall not exter.d or ;},.,;,:,,�� f, �� , ;_
<br />..�..�; � .� `�` �
<br />•�� �. postpone the due date of the c*r_�.hly payrr,zns referred to itt paragraphs t and 2 or c".ange the amount of the paymenu. If �:,,�;,,�,s f��5. �� .. •,;';
<br /> •��� ��ar,�ragraph 2l the Prop� :>acquired by [.eader, ��rewer's right to any insw.�nce policies and proceeds resulting from *����' �t ��"r���.�r,��.
<br />. , d�:.ag���the Prope:ty prior t•��'�a acquisition shall pass tg Len�zr to the extent of th�s:.-r.+s secured by this Secucn��L��strument :.'r�; 4,s; . 'rS'
<br /> ,. � , �g y _.:."�;`�fi:
<br /> IIiL:�3r^"�iy pTiG'�i�1.����acqu:s.;2io�.
<br />.. � 6.��,�✓,f�eser�at�on,Maintenance and Protectton of tCa¢L���erty;Borrower's Loaa A�plicat3un; Leaselsnl�. � s`.,u �;:
<br /> ' '�orro:�er s4�.at1�a�y.esta�lish,and use the Property a:Borrower's pra��r�i r�idence within sixty days after utie execution of �'���
<br /> ri��.0 a�
<br /> this�.,�-ur�cy tc,s�.:r,.er.t a�.�s�aa�:con[inue to occupy the Property as Borrawer's p�c-{pal residence for at ]east o��year after ;:.. _
<br /> `, cE�e '!�,>r accc,.�.�.�cr.�:.:tea�Lenrer otherwise agrees in writing.which consent sha:?: :��c be unreasonably wittu`ield.. or unless ..•'-� ;.',t; . �. —'
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<br />::;^��, extenuatin� cer,:r:�•��:t:�� ex�=x hf:ich zre beyond Borro��Er's control. Borrower si��i aot destroy. damage or impair the ,� , ��,;,; 4. •ti�r�..•._=_;-
<br /> .�.{:
<br /> � Property, aitau, �.he Prs�z�-ty � GAeriura.r,e, oT commit v.•a��e on the �aperty. Sorrower shall be r:� default if any forfeiture � r�Yf•, i4���.,,;' e:�y ,--
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<br /> , # action oc procee�s:r, w��.��e�c;-r.s ar crirssr•.n9. is begun that in Lender's good faith judgment cauld result in fodeiwre of the �.!�r.�.• ,_ . .�� '• :`�••.
<br /> .__.
<br /> � Property or otherwise ma���rrW iy i:ipstir the lien created by this Sect►rity instniment or Lender's security interest.Bomower may � � s±�S�-' '
<br /> { cure such a default and reinstate.as provided in paragraph 18,by causing the actian vr proceeding to be dismissed with a nrling �'`-E''
<br /> � 4
<br /> • t ha t, i n L e n d e r's g o a d faith deternunation, precludes forfeiture of the Borrower's interest in the Property or other material :-�: �.: ',;:�. � ;
<br /> `.� impairment of the lien created by this Security Instrument or Lender's security interest. Borrower shsill also be in default if • � �� �.�
<br /> � :.� Borrower,during the loan application process.gave materially false or inaccurate information or statementc to Lender(or failed ' ,,jN.,.,, :l��, '�
<br /> to provide Lender with any cnateri a l in formation)in connec tion wi t h t h e l o a n e v i d e n c e d b y t h e N o t e, i rt c l u d i n g,b u t n o t l i m i t e d . •.w_ ���,..�,
<br /> � "4• to,representations conceming Borrower's occupancy of the Property as a principal residence. lf this Security lnstrurttent is on a '+�'
<br /> leasehold, Borrower shall comply with aU the provisions af thc lea,e. If Borrower acyuires fee title to the Praperty. the .; :
<br /> � f_ lea�ehold and the fee tittc shall not merge unless Lender agrces to the merger in writing. • .�—--
<br /> . 4 7.Protection of Uender's Rights in the Property.lf Borrower fails to perform the covenants snd agreements contained in _
<br /> •' this Securiry Instrument, or them is a legal praceeding that may significantly affect Lender's righu in the Property (such as a - _
<br /> . � �tf pra�ceding in bankruptcy,probate. far condemnation or forfciture or to enforce laws or regula[ions). then Lender may do and �J
<br /> ,,. �,-
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<br /> •�.� pay for whatever is necessary to protect the value of the Property and l.ender's righu in the Property.Lender's actions may � ; • �>_;:�._�._.._,;;:.
<br /> include paying any sums secured by a lien which has priority over this Securiry Instrument, appearing in court. paying ����-
<br /> �,,, reasonable attorneys'fees and entering on the Property to make repairs. Although Lender may take action under this paragraph �
<br /> � e. 7.Lender does not have to do so. � –
<br /> .-.
<br /> ��:�� Any amounis disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this ;T�-_;-���–
<br /> Security Instrument. Unless Borrawer and L.ender agree to other terms of payment, these amounts shall bear interest from the
<br /> date of disbu�sement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting = �_: -� �–� `—
<br /> payment. ���,,. �
<br /> 8.Mortgage Insurance.If L.ender required mortgage insurance as a wndition of making the loan se�wred by this Security �� -�'-°°=:J,_-K�
<br /> Instrument. Borrower shall pay the premiums required to maintain the mortgage insurance in effect. If, for any reason. the - �'a�V:�.r�r:��'{,-..�;•�'__
<br /> mortgage insurance coverage required by I.ender lapses or ceases to be in effect,Bonower shall pay the premiums required to �'`''� .
<br /> obtain wverage substantially equivalent to the mortgage insurance previously in effect,at a cost substantially equivalent to the "'''`-" _
<br /> cost to Borrower of the mortgage insurance previously in effect, from an alternate mortgage insurer appraved by Lender. If �-.�-��;,fi,'" -
<br /> • substantlally equivaient mortgage insurance coverage is not available.Borrower shall pay to Lender each month a sum eyual to
<br /> __ one-twelfih of the yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to �Ri
<br /> be in effect.l.ender will accept,use and retain these paymems as a loss reserve in licu of mortgage insurance. Loss reserve •�+��•..�.•m—__
<br /> Form 3028 9I90 '."'��'l —
<br />� Pe90 3 0l 6 .:��,��:.
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