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<br /> � � • S.E18r�rd or Pmperty iasorence. Boimwer shall keeQ the impmv�ts aow eaisting or hereafcer erected on tke Pcoperty � . . 4 . ..
<br /> � insured against[oss by fue.hazards included within the team "ext,�atded cov�e"and any other harards.inctuding llaods or .' .
<br /> ..
<br /> a. tIaoding,for which Lender reqaires insurance.'Ih's4 insuranoe shall be maintained in the amounts and[or the periods that Leader
<br /> �=.i``. , � _ re9uires.'llie insurance carrier pmviding the insurance shall he chosen by Bo�rower sul�ject w Lender's approval which sd.aU not f� • < ..
<br /> .. � he unreasonabiy withhetd. If Bo�wer fails to maintain cov�age described abave, Lender may. at Lender's option, obta'rn � .
<br />---, ��._ _ r' coverage to protect Lender's rights in the Property in aa;ordance with paragraph 7. -s�_'>- - ,
<br /> ``. < < � All instnance policies aad r�eaewaLs shall be aeceptable to Leader an�sl�all iaclude a standard mortgage clause.I.cnder shaIl � t`^�
<br /> • have the right ts hold the policaes aad reaewal.�.ff Leader requires.Bonower shari pmmpQy give to Lender all receapts of paid � . • ,
<br /> � premiums and mnewal notices.Ia the event of loss,Bomower sLaU give prompt notice ro the insiaance casied and Len�.Lendea � �'.: . �'�. ,
<br /> . , ,,
<br /> �' ' . maY make pmaf of toss if aot made pmmptty by Borrower. � • . .
<br />�':: UnIess Lender and Borrower mh�a+ise m writin , instuauce p r o c e e d s shaU be `
<br />_',; . . � � B a P Plied to restor�tion or r e p a i r of the �' . .
<br />.;: �' ProPeaty damaged.if the testo�on ar�epaa is evonomically feas�ble and Leadea's security is not tesseaed.If the reswration or � • . , ` ' :
<br /><u T cepau is aot economically feasi'ble or Lender's security aouW be 1�ened,the insinance praceeds shall be applied to the sams � , - ', �`r�,:�`;
<br /> !i ` secured by this Seauity,Instcument, whether or not the�due.with any excess paid to Boimwea. If Bonower a'bandons the ` . �.::�.�
<br /> •1' :. Praperty,or does not ariswer within 30 days a noticce from Leaider Wat the ms�nance cazrier has offered tn settle a claim,then . ..-:•.
<br />`.�l; •,` e Le ...
<br /> , I.euder may oollect the eas�ance procee�l4.Le:tder may nse the proceeds oo repafr or resw:e the Propaty ar w pay sams secaaed ' �•
<br />°"� . by this Seauity Insuumeut,whedier or not then due.liie 30-day period will begin wheu the aorice is giver�. ..:�^�
<br /> : i; Unless I.ender and Borrower oifi�arise a in writin ,any application of ceeds to . ��
<br />. = S� B P� P��shall not ext�d or postpane
<br /> �.i.Y :' . � the due date of the monthly payments refea�ed to in pffiag�aphs l and 2 ar change the amoant af the payments.If uader paragrRph ��, �:
<br /> ,.: . y �
<br />=i, �� f 21 the Properly is acqnired 6y Lender,Bomnwa's right m any msar�ce golicies and proceeds resuldng fnom datnaqe to the ' ` `_.�
<br /> � . , `y Pmpeaty prior w the acquisitinn sdall pass to I.ender to the esta►t of the sums secured by tlus Security Insuumeat immediately . �',.;-.. �,r�
<br /> ��; � priortotheacquisition. �`.'-
<br /> ,:i= � . ��• 6.Ooanpaacy,Preservation,Maintenaace and Pr�ntecHon of the FroPertyi Borrower's Loan ApplIcatian;Leasehoids. '`y
<br /> � ���<:-
<br /> .'� Bmmwer sf�all occu establish,and use ttte Pro
<br /> , , py, geity as Borrower's princlpal residemce witbin sncty days aftes the exea�on of , � ��,'�'�
<br />_ - this Security Iasdument and sLaD cont�ue to accapy the Fmgerty as Baaower's principal residence for at least oae year aftear the . - r -�`�.�
<br /> . date of ace�pac�cy, nnIess Lend� oih�wise agrees in wrIting,wlucb consent sLall noi be iuueasanably with4eId. or aWess ' ' ,'_' '�:.
<br /> e�ctennat�g c�vnu7ances eaist whicd are beyond Bocrower's controL Bormwer sirall not desuo .damage ar im the .,�' : � ��'=
<br /> `te_ . ' Y P� �P�l+. . ". ;�•,..:_,
<br /> � allow the Prape�ty w detcxio:ate,or commit wasie oa the Properiy. Bolmwer shall be in defanit "ff any forfeidnre action or ' '" i�`.;�
<br /> ;"::;,f . � pmceeding.wheWa civil or ctuninal,is begun tfi�t in I.ender's good faith judgment conld resalt m farfeiuue of the Property os . , : '4=;`'=�"
<br />.�.�,, � oWeawise maieriaIIy m�pair the tien created by tlris Security Insmunent or Lender's security interest.Bolrower may e..�s�ch a .
<br /> • defaalt�sd reinstate,as pmvided 'm paragraph 18,by causing the action or proceed'urg to be dismissed witb a mliu thai,in � . '•,.�'
<br /> � Lender's ood faith determinadon,yrectudes forfeinae of the Borrowea's intrrest in the Pt�n g . ,�;�.''}-
<br /> 8 peny or othe�r material imgaumer►t of _
<br /> �` �_ , the lien creaied by this Security Iostsument or l.ender's security intcaest Horrower shall also be in defantt if Bormwer.daring the • , --
<br />-;'.`t loan appficarion pracess.Save materially false ar u�accurate infom�arion or srasement�w Leade�(ar falad w pravide I.endea with - . �...:;:.;
<br /> � � any mataial information) in connecaon with the loan evideaoed by the Note, including, bat not limited to,representations , . '�°
<br /> � `, conc�eaning Borrower's occapancy of the Prapeaty ag a principal residence.If this Security Insnwnent is an a teaseliold,Borrowea ' . ;`..�a:
<br /> shall comply witb all the provisions of the Iease.If Borrower acquire.c fee tide w the Propeny,the leasehotd and the fee tide shall � • -
<br /> : , nat merge unlesq Lender agrees to the me�ge,r in writing. � � �';:�
<br /> � '•`- . , 7.Praiectton of l.ender's Rightg in the Property. If Borrower fa�s tn perform the covenants and agreaue�ts contained in , � � ''•
<br /> ' `; �, this Security Instrur�ent,or th�e is a legal Proce�dm8 that may significantty affect I.end�'s rights in the Aropaty (such as a ; . : ,,��
<br /> � proceeding in banlwpuy.�robate,for condemnasion or forfeiusre or to enforce laws or regdations),theai Lender may do and pay �' � ,
<br /> � ' for whassver is necessary w proteca the value of�he Prapeny and L.ender's rights in the Fropeaty.I.ender's actions may include � ..
<br /> ' ' � Paying any sums secared by a lien whlch has priority over this Security Instrument, agpearing in court,paying reazonable .., �
<br /> ;;,,;` � � attomeys'fees and entering on the Property to make repairs. Although Lender may take action under this paragraph 7,I.ender •� �, � •
<br /> F daes not have w do so. . '
<br /> � � My amounts disbursed by Lender under this para�aph 7 shall become addiuonal det:i of Borrowea secured by this Security � �
<br /> �'� Instrument Unless Borrower a��d Lender agree to other terms of payment,these amounts shall bear interest from ti�e date of �
<br /> --�3 3 disbursement ai the Noie rate and shall be payabte,with intcrest,upon nouce from Lerider to Borrower requesting paymeal. �
<br /> ; 8.Mortgage Ia�ssrrance. If Lender requued mortgage ins�rance as a cor.�ition of making the loan secured by this Security
<br /> ' Instnunent, Borrower shail pay the premiums reqnired w maintain thc mcsrtgage insurance in effect. If, for any reason. the •
<br /> � • mortg�e inswaace wverage reqnired by Lcnder lapses or ceases to be in effect,Borrower shaU pay the preminms required to �
<br /> �� ; obtain coverage substandaUy equivalent w the mortgage 3nsurance previously in effect.at a cost substantially equivalent to the � �
<br /> �<'� •� wst to Borrower of the mortgage inswance previonsly in effecl,from an altemate mortgage insurer approved by I.ender. If • •�
<br />:`�.;,;:� substantially equivatent mortgage insurance coverage is not avai]ab1e.Borrower st�all pay to Lender each manth a sum equal to �
<br /> �:�.' . i oae-twelfth of the ycarly mortgage insurance premium being paid by Barrower when the insurance coverage lapseA or a�sed to
<br /> � be in effect. Lender will accep� use and retain these payments as a lass reserve in lieu of mongage insurance.Loss reserve
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<br /> - � Form 3028 9/90
<br /> _ , � �•8R(NE)�s2�z�.o+ Cape3o16 inmata: .
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