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<br /> .`�= � 97'� 1o��9s � -r � �. -
<br /> , 5. Elazard or Progerty Insurance. Barrower .hall keep the improvements nuw exi,ting or here:�ter ertcted un the ` "°:� ' _
<br />, �'< Property insured againse lo4c by fire, ha�arda inrluded �cithin the term "extendctii ra�•eragr' and am• other har:►rds. including _ _ _ _ _ •�� ._ _z-
<br />` t]oods or floodin�, for whirh Lxnder reyuires in,urance.This msurance+halt be mamtained in ehe:►nwunt�+ anJ fur thr periud� . , _
<br /> •� that i.cnder r�yuire.r. The iruurance carrier pm�•iding the imurancc,h311 be rho�rn b� Burn�µcr iuhjcwt [�s Len�ler'. apProv:1I , � . _
<br /> . � x�hi�h ,hall nut be unrea.+unably �vithheld. lf Burro�ver fsil+tu maintam ru�rragc Jr,crih��J ahurr, l.tndrr may.at l.ender'x . .�P
<br /> ' optian,obtain cuverage to protect Lender'+right.in the Property in arc��niance�vith paragraph 7. , . � '=
<br /> All in.urance policieti :u�d renewal> +hall tu acreptable tu Lxnder and +hali incluJc a+tandard mortgage clawe. Lender • : �-�_
<br /> � ,h:�ll have the right w hold�hr poli¢ie�and renewalti. !f LrnJrr reyuire�.B��rrow�cr,hall prumptly gi��e:u l.ender all n�ripts ot' . . .
<br /> p�id pr�mium+and renewal notice+.In the e�•cnt of lu,..Borrower+hall gi.'�pn�mpt nuticr�u the ia+urance carrier and[xnder. � �
<br />_=� Lender ttwy make proof i�f loss if not made pmmpd�by Bonnwer. ___ -����- -
<br /> '=--=�=:-�
<br /> Unles�Lender and Borrnwer otherwiae agree m wnting,in�urance procee�is�h�li br aQpiied tu restoration or repair af the =- .- --------
<br /> . Property damaged,if the rc�stordtion or repair i�econurttically feasible and Lendei>>ecurit is not lessened. lf the restoration or �- . , °
<br /> y ;,s;�:�•��: •�... i f.
<br /> repair is nat economically frasible or Lender's securiry would be lessened. the insurance proceeds shaU be applied to[he sums ;. �:�;,;�:�•.
<br />.• s�cured by this Security Instcumeat, whether or not then due, with any excess paid to Borrower. lf Borrower abandons the .:��-�•;-�:r �„
<br /> Property,or daes not ans�ver within 30 days a notice fmm Lender that the insurance carrier has offered to senle a claim, then �- . � �' ---
<br />, Lender may wllect the insurance proceeds. Lender may use the proceeds ro repair or restore the Propecry or to pay sums �,;.;" �, -�'t.�
<br /> � secural by this Security Instrument,whether or not then due.T'he 30-day period wiU begin when the notice is givea `._.r Tj.��=�- `�=
<br /> Unless Lender and Sorrower othzrwise agree in �vriting, any appiication of proceeds to principal shall not extend or � '�°'""""'�
<br /> ': '�"T°_ �'..N�'_
<br /> ' postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If .�
<br /> under paragraph 21 the Property is acquired by Lender, Borrower's right to any insurance policies and penceeds resulting fmm ';}�-
<br /> �� damage to the Property prior to the aoquisiuon shall pass to Lender ta the extent of the sums secured by this Security Instrument ,Y�;�. ��._��
<br /> ' immediately prior to the acquisition. ��';r'-���
<br /> 6.Occupancy,Preservation,Maintenance and Protection of the Property;Bnrruwe+''s Loan Appltcattoa;I.easeholds. .-*�_''�'�'
<br /> .��;r:"�'4� �
<br /> Borrower shaSl occupy,establish,and use the Propeny as Borrower's principal residence within sixty days after the execution of •�. ; ; • y . ,
<br /> .�{±C•�-�,. e .,.
<br /> this Security Insuument and shall continue to occupy the Property as Borrotiti•er's principal residence for at least one year after •_,�.:��.,3,:�
<br /> ,, ,,�'
<br /> the date of occupany, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless ;;�:�;.a
<br /> � � extenuating circumstances exist which are beyond Borrower's control. Borrower shall not destroy, damage or impair the - `_-_ -
<br /> - � ;+:;;-:--:
<br /> , I're�erty, allow the Properiy to deteriorate, or commit waste on the Property. Borrower shall be in default if any forfeiture _ .. . r.
<br /> a:tion or proceeding, whether civil or criminal. is begun that ;n Lender s good faith jud�nent could result in forfeitune of the -,,,;.,-,��
<br /> Property or othernise materially impair the lien created by this Security Insuvmert or Lender's security interesi. Borrower may .. ,;«
<br /> cure such a default and reinstate.as provided in paragraph 18,by causing the action or praceeding to be dismissed with a ruling . t S,' ,:�t. ';.
<br /> - . t a�..,5 j ,,;)�_:,.
<br /> that, in Lender's good faith determination, precludes forfeiture of the Borrawer's intetest in [he Property or other ma.erial ,_ ,f�ti•�: .; ,� ��, . ..
<br /> impairment of the lien created by this Security Instrument or I�nder's security interest. Borrower shall also be in de;auIt if �� ' •', , �: '�`.
<br /> � Borrower,during the loan applicarion process,gave materially false or inaccurate information or statements to Lender�.;:failed ����,,, ;;; �.;
<br /> • to rovide Lender with an material information)in cunnection with the loan evidenced by the Note, including, but r,c�: limited • a i;j -
<br /> ' to,prepresentations conceming Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a . �'`�'i°� t �,
<br /> � . leasehold, Borrower shall camply with all the provisions of the Ic�se. If Borrower acquires fee tide to the Proverty. the � •;•� �'�'
<br /> �,ta,:.-....:
<br /> . leasehold and the fee title shall not merge unless Lender agrees co the merger in wriang. ��;� "• +���Y� : �
<br /> : ' 7.Protection oY LendePs Rights in the Property.If Borrower fails ta perform the vovenants and agreements c�.::ained in ,q,���"'�,s�`;-s.�`��
<br /> � this Securi Instrument. or there is a le al roceedin that ma si nificantl affect Lerider's ri ts in the Pro e (a-uch as a '"••` �•�' ' ''`-`-
<br /> tY B P g Y 8 Y f� P nY -:^�,;.,��—.,�;;�-=:
<br /> proceeding in bankruptcy, probate, for wndemnauon or forfeiture or to enforce laws or regulauons).then Lender may do and - �.;:
<br /> ;'r��' pay far whatever is cx�xssary to protect the value of the Property and i.ender s righu in the Property. Lender's a�tions may �;.� �=����
<br /> .,:�•.,--
<br />- P Y S } Y P tY �5+ S ?Y� g . .=-".�r
<br /> include a in an• su.ms a•urerl b a lien which has riori over this Securi Instrument. appearin in ca:�zrt, a n �:;::�"`�- .-•-.._._.
<br /> reasonabfe attomey s't��.:ir,i.�:rrri_ag on the Property to make repaits.Although Lender may take action under this paragraph ��:i_----------'-
<br /> .. 7,I.ender does noz'�s��z�>s du�o. ���,`'�;��{��T.�-��=-;:
<br /> ,.,.>�..y�,,
<br /> ' Any a�nounu �:sbursed by Lender und�r tfiis paragraph 7 stwU beoome addirional debt of Borrower secured by this , .'•'���'�,`fNM'
<br /> '.: ,� .t,r.,>=
<br /> �i Secv;�y Instrument. LTnless Borrower and L.ender agree to other terms of�yment,these amounts shall bear interest from the ��:..
<br /> • • dau:•_+` �isbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower s estin - ���-'�'-`
<br /> ecN b' �•�:-. . .
<br /> . . P�,1'm�2. �„''•-�, .= _ .., � _
<br /> ,y.�Iortgage Iusurance.If Lender required mortgage insurance as a condition of making the loan secured by 4�s Security �"`=-�-"�-_`-�_�� _-
<br /> • Ynsuv.:�ent, Borrower shall pay the premiums required to maintain the mortgage insurance in effect. If, for any t�ason. the �.� �-_-"`
<br /> �. .' mu►T�*,:3e insurance coverage required by Lender lapses or ceases to be in effeet.Borrower shall pay the premiumc required to . �•• �• • `�'_ _
<br /> � abtaiis r.»verage substanpally equivalent to the mortgage insurance previously in effect.Zt a cost substantially equi�aJ.eat to the ' � ,i}�,:, .. ��.r
<br /> cost u� �3orrower of the mort a e insurance reviousl in effect, from an altemate mort a e insurer a roved b� r�..�.nder. If ��`}i •• •. '�. •_ '
<br /> g S P Y 8 g PP Y kc)„�.,� . . .
<br /> substantially equivalent mortgage insurance co�erage is not available. Horrower shall pay to Lender ezch month a sum equal to ' ,''f-,�� ° _ .�
<br /> one-twelfth of the yesuly mortgage insurance premium being paid by Borra-xer when the insurance coverage lapsed or ceased to . �
<br /> . i�s in effeet.Lender wiU accept,use and ret�n these payments as a loss n:�rve in lieu of mortgage insurance. Lass res$rve `°"'"y"'"°��.:,_ �
<br /> l: � Form 3D28 9I90 .��+"� '�"..;'x r�:.
<br /> � � Vage3o18 .�y�` 41•�9i.r=,_-
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