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<br /> F � � • S.9a7ard or Ptoperty Insarance. Boarawer shall keep the imgiuvements aow exismag or hereafter�ected on the Pro�etty ' , .`' ` `.
<br /> . msiued ag�nst loss by�re.ha�r�ls included within the term"exte�ded covaage"and aay other haraid.s,iaciudmg floods or � . {ti ,
<br /> : . ' ' Qoodimg,for which Lender require.s;*+�+,+�ncE-'It�is msvnnce shall 6e main�in the amounrs and far the periads that Laader . .. . .
<br /> ,� , � requires.'Ihe�����=catri�providing the ins�uance shall be chosen by Borrower subject tn Lea�dei s approval wfrich shall not :°
<br /> be unreasonably withheid. If Bomower fails tn maintain covecage d�n�bed above. l.ender may,at Leader's option.obtain ..,�.
<br /> -- . , . _ � �`• I.end�'s rightv m the Property�aocordanoe wnh paragraph 7. _z � _ ...,
<br /> oavasge ta gsote�c .
<br /> pll insueance policies and re,aewaLs shall be acceptable to I.�der aud shall include a srdndard mortgage dause.Lender shaL1
<br /> dave the right tn hold�he policies and senewaLs.If I.�dea requires.Sosower shaU pmmpdY Bive to Leader all roceipts of paid � •. ' ,
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<br /> ' preiniums and reaewal notices.In the event of ioss.Bormwer shall give prompt noticc W the insurance carrie�and Leades.Lender
<br /> ' . may make proof of toss if not made pmmpUy by Barrower. �. -
<br /> ; ' Uotess I.eudes and Borrower otheiwise agree in writing,insuiancc Pro�xds shaU be applicd to restoration or repair of the `-`' :� `��,..�
<br /> . .�.-
<br /> - property darnaged,af the restaiarion or repair is economicalty feasibte and Leadcr's scrurity is not lesscacii•If t1�cestoration or . . .;�_'`
<br /> ati t
<br /> �air is aot econonaicaUy feasib�e or Leader's serurity would be tessencd.the iasurance Pioceetls sha11 he aPPlied t�tne sums . �-
<br /> � s� by this SecuritY Instivn►cai. whethcr or not then due. with any excess paid to Borrawer. IF Borrower abandons the ��.h"`_�,� :,
<br /> � Pmpeny,or does not answer within 30 days a notice fmm Lender that the insurance c�rria has otfered to settle a claim.then �. r-..�,-,
<br /> � � Leader may ooltecc the in.�uance proceeds.Lender may use the pmceeds to repair ar resmre Ihe Praperty or to pay sums scxured . _
<br /> . by this Seciuity Instruma��whether or aot then due.'Ihe 30-day perind will 6egin wha�the nodce is given. ' . _
<br /> . UWe.gs L.endi;r and Bonower othc:wise ag�ee in writing,anY ePPli�ion of procee�ls w principal shall not eatend or postgone _ -
<br /> � the dne date af the monthlY paymeats referred m ia p�agraphs 1 and 2 or c6�ge the amount of the paymenis.if under puagcapb , . :` �r.
<br /> 2 1 the P c o p e n y is a c quirrd by l.eader,Barmwet's right ta any insurance policies and proceeds resulting fmm dumage to the
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<br /> : . �P�Y paor ro ihe acc�uisition shall pacs w Lender w the e�ctent of the s�uns s e c u r e d by t h i s S e c u r i ty I n s w m e n t i m m e d i a t e l y � n„�....--
<br /> ; . prior w the acquisition.
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<br /> 6,pepupancy,Preservatton,Mainteaance and Proteaion of the Property; Borroarer's Loan Appl�Cation;L.easehoids. ,ra.•-w�
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<br /> � Boirowea shall occuPY,establis4 and use ttte Propaty as Boaower's principal resideace within sixty c{ays after the eaecution of . e��;�'--
<br /> ', this Secutiiy lasumneat aad shall wntinue to occupy the Propercy as Baaawer's princip�al residence for at least one year after the _..:.�"��`�;
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<br /> . date of occupancy. ualess Lendea otheswise agcee.c in writimg,which consent sLall aot be anreasonai�Iy wiitsltetd,ar antess .. ` �_�
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<br />_ . � �enuating c��ms�tances exist wtuch ace beyond Bormwea's controL Bonower shall not desGcoy,dau�age or impau the ProA�Y. .`,. ,..:e�,,
<br /> altow the Pcoperty m det�iorate. ar commit wast$on the Propesty. Bomuwer shaU be in defa�ilt if any Porfeiwce aaron or � �-���-
<br /> , ' P��S�whether civil or criminal.is began that in LeAder's gaod faiih judgment cauld result m forfeitur�of We Property or 3�=,���__
<br /> otherwise matcaialty itttpair thc�created by tt�is Se�aaity Instrumeat or Lender's security umterest.Boimwer may c.ute such a . . f fr•�1------
<br /> - d�fanit and rea�smte.ac psovide�i in paragraph 18.by�the acdon or groceeding to be dismissed with a r�g that,in . ., ' ; =
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<br /> L.end�'s gaod faith de�asion,Prectudes forfeiture of the Bocrowea's intPrest in the Pmperty or othea material im��eaument of , .;?;�.' �r
<br /> tbe lien creared by this Sec.�ity Iastnunent or I.ender's sec�uiry interest.Borrower shall also be in default if Bonower,dnring the . . �:;�:=
<br /> loan application pTacess.gave mateaially falsc or inacc�uate infomretion or statements to I.eader(oT failed w provide Lender with � .��s��'�
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<br /> ' any material information) in connection with the toan evidenced by the Note, includinS.bnt not limited to,�eatations ,_ • �:
<br /> . coseeming Borrower's accupancY of the Propeaty as a principal residence.If this Secuciry Insuumeat is on a leaseho;D,Borrower . .� :.���-
<br />� ' sbaD comply with all the provisions of the lease.If Borrow�acquires fee title to ihe Property.the leasehold and the f�tide shall •.'.r. . .� -�-.._..;
<br /> nat merge nntess Le�dea agrees w the meage�in writing. . . `;}"�.r.
<br /> 7.Protedion of Lender's Rlg6ts in t6e P�perty. If Bonower faiL4 w peaform tlte covenatus and agreecnents contaiued in ,�•T,
<br /> s:his Sec�uriry Inrnument,or there is a teSal Proceedin8���9�S���Y affect Lender's rights in the Property(svch as a `i : '
<br /> � �s�ceeding in bandwptcy.Probate,for candcannation or fosue�ue or w�orce laws or reaulations},then Lendea may do and pay ��'�,�,;�,:
<br /> � for whatever is necessa:y+w prouxt the vaiue oi the Prop�y and Lender's rights iu the Propeny.Lender's actions may include �'��, � -;
<br /> PaY�S �Y � sccured by a lien whicb has prioriry aver this Security InsWment, aPpearing in court.Payu�g reasonable .`
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<br /> . aitnmeys' fees and entering on the Ptoperty to make repairs.Atthongh Lender may take action nnder this para�aph 7,L.ea�dea . : .
<br /> does not have w do so. '� :
<br /> My amounts disbursed by Lender under this paragraph 7 shall become addidonal debi of Borrower secvred by ehis Security _
<br /> � ' Insm�ment Unless Borrower and Lender agee to other terms of paymenL these amoiutts shall bear inuxest fac� the date of . . 'r
<br /> ' disbursement at the Note rate and shall be payable.with intsrest,upon notice from Lender to Bonower requestinng paymen� � . .
<br /> � 8.Mortgage Insorance. It Lender reqnireA mortgage insvrance as a condition of mak6�g the loan secured by this Security .
<br /> • � Insuument, Borrower shall pay the premiums required to maintain ihe mortgage insurance in effect If,for any reaton,the •
<br /> � ' mortgage insurance covera8e required by Lender lapses or ceases to ba in effect,Hormwer shall pay the premiwns reguired tn . ,
<br /> obtain coverage substantially equivalent to the mortgage insuranoz previously in effect,at a cost substandally equivateni tfl the
<br /> cost[n Borrower of the mortgage insurance previously in effect, from an altemate mortgage insurer approved by l.ender. If •
<br /> substantially equivalent martgage inswance coverage is not available.Bonower shall pay to Lender each manth a sum equal to
<br /> � on�twelfth of th�yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to .
<br /> be in eifecl. Lender will accept, use and retain these payments as a toss reserve in lieu of martgage insurance. Loss reserve
<br /> ',' Form 3028 9/90 � .
<br /> � ' �-8p(NE�1o2t2)o+ Pspa3of B �nrtiats: - .
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