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<br /> ��� ;�.�QB�s . � �_
<br /> � ce. Borrower shari keep che impcovemen�s now existing or hereaftec crected on the PropertY � ' .
<br /> 5.Ha7ard or Property Insuran . _-
<br /> insured against loss by fire.daiazds included within the temi "extcnded coverage" and any at1►er hazards, including floods or ' , _
<br /> flouding,far which Lender requiies insurance.This insUrance shall be mainta'vaed in the amouau and for the periods that Lender �
<br /> requires.'IUe insuiance carries providing the ins�ar2nc�shall be chosen by Eoarawer subject w Lercder's approval whi�h shall not � -
<br /> be unreasnnably vrithheld. If Barrower faiLs w maintain coveaage described above, Lender may, at Lender's opuan, obtain i . .
<br /> coverage to protect Lender's righu in the Propercy in accordan:e with paragcaph 7. � :
<br /> ����p�����uewals shall be acceptable to Lend�and s6all include a standard mortgage clause.Lender shall
<br /> have the right tn hold the policies and renewals.If L-ender recl�s,Bomower shall prompily S1ve w Lender all receipts of paid � . . :
<br />� prenuums and mnewal aotices.In the event of toss,Horrower shall give prompt norice to thc insurance carries and Lendu.Lender .
<br /> may make proof of loss if not made prompdy by Boaower. T
<br />� Ualess Lender and Borrow�othaarise agree in wriDwS,���pTO�s���lied to r�sto�a�on or r�aa of the • , . -
<br />' pmperty damaged,if the restoration or repair is economically feas�ble and L.ender's securiiy is not lessened.If tt�e restaTation or
<br />� would be lessened,the insivance proceeds shalD be applied W the sums ``:�a
<br /> repaa is not e�onomically feasible or Lender's security � � �->�"�.'` Y-'�
<br /> � ,,>.z......_�
<br />� seaued by dris Security Insor�ment, whether or not then due, with any excess paid tn Bosower. If Borrower abandnns e . .
<br />� Propercy,or does not answea within 30 days a aorice from I.ender that the ins�uanc�c�.ar has offered to settt°a claim,then � , ' ° t' ' _
<br />� Lendca may collect t�es insurance proceeds.Lendea may use the proceeds to cepair or restnre the Fcoperty or to pay s�ns secured ., `
<br />+ by Ihis Secusity Ins�uaent,whether or not then due.The 30-day p�zal w�i i�gin whea the notice is�ir•e�. , „�.. . ,`.� ;:
<br /> Unless Lcnder and Boaower atheawise a�in writing.any application of procee.ds to principal s�l not ezter_d oz posqwne r, :` ,`��'+�?^^•:-: :::�
<br /> � the due date af the monihly paymenu refeamd tn in par�graPhs I and 2 or chauge the amount of the payc�ents.If uB�a Pa�B�Ph � • �°'�J�7;��.;
<br /> 21 the Property is acquired by Lender.Borrower's right to any ins�uance policies and pmcetds resulmsg fmm�age ro the � f`�.,. •L_.�
<br /> �.:�/� . ����.
<br /> gmperty prior to the acquisition shall pass ro Lendea w the extent of the sums sec�ued by this Sec�uity Insmun:,��immediately •.t.�f.
<br /> � � prior ro the acquisition. • . -'�`f� ��
<br /> Borrower's Loan Application,Leasehotds. �:.:�t,-:��•�
<br /> 6.Occapancy,
<br /> preservation,Mainteaance and Protectian o!We PropertY; �r. :
<br /> Borrower shall accupy,establish,and ase the Property as Bormwer's principal residence within sixty days after the execution of � �`'. �j, .
<br /> � � . ,
<br /> this Seciuity Insuument and shall conrinue to occupy the Propeaty as Borrower's p�incipal residence for ai least o��y2ar after the t ,i:: .:..} ,• 1
<br /> w writing, which consent shall aot be unreasonably wit��d,or nnless ��
<br /> date of occupaac5+, unless Lender otherwise agrees � :`s:% . . ' '
<br /> -,�,.�.,r�. .
<br /> eatenaating cacuymstances exist wtrich are beyond Borrower's control.Bosrower shall not destroy,dam�e or impa:r t�e Property. .;';t�• ; �''. . _
<br /> allow t�e Progerty w deterioiate, or commit waste on the Propeaty. �uIIUwer shall 6e in defaula i•`. any forfeiture action oz �'��.�;� ;'u• .�
<br /> p r o c e e d i ng.whether civil or criminal,is 1�egun thai in Lender's good fa-��r�dgnent could result in�'�feiwre of the Yropeaty or ; � �.�' r.�, .: :
<br /> lien created b this Security Instr�ment or Lsnder's security interest Borrower�ay cure sucb a "''���� ::
<br /> � �
<br /> otAesn+ise malraially unpau the Y � ..
<br /> default und reinstate,as provided 'ni paragraph 18,by cans�g the action or proceeding to be dismissed avith a r�uling that,in . ir""� ,}i
<br /> I.�der's good faitL deteamination,Precludes fo�rfeiture of the Borrower's interest in the Property or a�z.�ed material impamnent of •:�, . i; ,
<br /> t he li e n c r e a t e d b y s h i s S e c u r i ty Insuument or Lender's security intaest.Borrower shall also be in default if�orrawer,during the _'.,..,�. � .`�' ,
<br /> loan application process,gave mateaiallY faLse or inaccurate infonnation or statements w Lender(or failed w provide Len d e r wi t h :�� ,.. -
<br /> any material infonnation) in wnnection with the loan evideaued by the Note. inctud:ng, but not Wuiited to, rePresentations , .�� :7r s��a+::.-_
<br /> conceming Bomnwer's occupancy of the Property as a principal residence.If tlus Sec''�ty Luuu���t is on a leasehold,Bonower � ;,
<br /> with all the provisions of the lease.If Borrower acquires f.,:title w the Property,the leasehold and the fee atle shall -I �;::.�•°'�.�-
<br /> �::y shall wmP1Y ' ' .�-���
<br /> not cn�ge unless Y.ender agrees to the meager in writing. .
<br />��y 7.Protecdon o!I.ender's Rig6ts in the Property. If Borrowea fails u►pc.rfom►the cavenants and agreements contau►ed� . -.- �_.
<br /> tl affect Leader's rights in the Properey(such as a �a"r��. _ . �,.
<br /> s�s S�urity Instmment,or�c�e is a legal proceedin8 t6at maY s��� Y " -r. . '
<br /> p ro���d i n g i n b a n l�u p t c y�p r c�,,,r:,for condemnation or fea��imre or w enforce laws or regularions).then Lender maY do and pay
<br /> for whatever is aece�sary co protect the value of the Property and Lender's rights in the Pro�eaty.Len d e s's actions may iri c l u d e -- - �
<br /> PaY�B any sums secum.d by a lien which has priority ov� this Sec,urity Instrument, aPP��b ���PaY�g�O�le �.�_r..� , ir �
<br /> h 7,I.ender �z�.__.�--
<br /> � attnmeys' fee.c and enteru►g on the Aroperty to make repairs.Although Lender may take acdon�mder this paiagrap .
<br /> daes not have w do so. ..�'�',
<br /> pny amounis disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this Security :.� . ,}
<br /> Insmunent Unless Bmrowea and I.eudea agcee to other t,e�ms of payment,these amounts shall bear inteaest from the datc of ��;,.; � ._
<br /> disbursement ai the I�tote ratc and shall be payable,with inteaest,upon nodce from Lender to Borrower requesting payment �
<br /> S.Mortgage Inswrance. tf Lenda reqvired mort�ge insurance as a condition of ineking the toan secumd by this Secu�:y ��`.,�,_ ' -
<br /> Instrument, Borrower shall pay the plemiums required tn maintain the mortgage insurance in effect. If,for any reason, the . .
<br /> martgage insutance coverage required by Lender i�pses or ceases tn 1�e�n effect,Bomnwer shall pay the prerr.�,�-�s required tn ' • . : . _
<br /> ab�coverage y�ubstant�iially equivalent to the moitgage insurance previouslY in effect,at a cost substandaity e��:ivalent to the • • -
<br /> cost to BonowEr of the mortga�e insucaace previously in effect, from an altemate mortgage iicsa�er approved by Lender. If . . _
<br /> subs�ntially eq�ivalent mortgage insurance�verage is not available.Borrower shall pay to 1..e�dzz each month a sum equal to .
<br /> on�iwelfth of the yearly mortgage insura.�ce premium being paid by Borrower when the insurance coverage lapsed or ceased ia
<br /> be in effect Lender wiU zc:e�; use ar:� retain these payments as a loss reserve in li�u of mortgage insurance. 1.oss reserve , _
<br /> Fo�m 3028 9/90 � _
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<br /> ' �-8R(NE)1e2�21.n� aageao�e inwaia: . __
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