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<br /> S. Hnratrd ur Frapertr• Iuhurancc. Burruwcr +hall kccp thc improvcmrnt� nu�v uxf.tin� "r hrrcaftcr �rcctcd cm th� -
<br /> F'rnpcny insurcd a�ain,t Inti+ hy tirr. haiardti includcd �ti�ithin thc tcrm cxtcndcd ruvcra�r" und any uth�r hai.urds. inrluJing
<br /> • � floodti or tlooding, tiu whirh Lcndcr requircti intiuranrc. l'hi.imuranrc,h:dl hG nnintain�a in thc wn��untti<<nd tiir thr perinJs ',
<br /> that Lendcr requirc�. l'hc intiuranr�rarrirr pruviding thc insur,tnrc tihall hr rhuun hy 13�irruarr �uhjrrt lu l.crnlcr'� upprnval
<br /> which +hull nc�t hc unrca,uniihly wilhhcl�. If Iiurruwcr fail.to maintain rcn��rage de•rrihed ,ihnvr. I.rmler mav. al Li:ndcr's
<br /> �.. °�'� option.abtuin cuvcruge to pratect l.ender's rightti in the Pruperty in ucrordanre with purugraph 7. _
<br /> ���� All insuruncc policic� and rencw;ds �hall hc �irccptuhlc to Lcnd�r und ,hall inrludc u`uindard nu�rtgagc clau�c. l.endcr �
<br /> shull have the right tc�liold thc policics and renewals. If Lcndcr requires, Borrowcr shull promptly givc to Lcndcr all rcccipts of ��,
<br /> �"'""`"0�� paid premiums und renewul notices. In thc event uf lus,,Borrower shull give prc�mpt nc�ticc a�the intiurunre c i t r r i e r u n J l.e n d e r. �%r-
<br /> " ` L.ender may make proof of loss if not maJe prumptly by Borrower. �'�`
<br /> �.�>
<br /> ^ ;. Unless Lender and Borrowcr othenvi,�ugree in writing,insurancc procceds shall be applied t�restoration or rcpair of the �:ry_
<br /> . �- Property damaged, if the restnration or repair is economically feasible and Lender's security is not lessened. If the restor�tion or �,_-
<br /> ' � ` repair is not economicully feasible or L.ender's security wauld be Iessened, the insurance proceeds shall be applicd ro the sums �y,_.
<br /> �:..�
<br /> '� �. secured by this Securiry Instrument, whether ar not then due, with any excess paid to Bonower. If Borrower abandons the ��,�_:
<br /> Property, or does not answer within 30 days a notice from Lender that the insurance carrier has offered to settle a daim, then �_��.
<br />;:�,'. � L.ender may collect the insurance procecds. Lender may use the proceeds to repair or restore the Property or to puy sums �
<br /> secured by this Security[nstrument,whether or not then due.The 30-day periad will be�in when the notice is given.
<br /> � Unless Lender and Borrower otherwisc agree in writing, any application of proceeds tu principal shall not cxtend or _--
<br /> ; postpone the due datc of the monthly puyments referred to in paragraphs 1 and 2 or chang�:the amount of the puyments. If !•
<br /> under paragraph 21 the Property is ncquircd by Lender, Borrower's right to any insurance policies and proceeds resulting from _.-
<br /> ����-.-� �; dnmage to the Property prior ta the acquisitian shall pass to Lender to the extent of the sums secured by this Security Instrument :�•��
<br /> � :- immediately prior to the acquisition. -
<br /> _ -�`.:* 6.Occupancy,Preservadon,Maintennnce and Protectlon of the Property;Oorrower's LoAn Application;Leaseholds.
<br /> _ " Bonower shall occupy,establish,and use the Property as Borrower's principal residence within sixty days ufter the execution of ;
<br /> _ :::.�:�n �
<br /> _'; � _ . this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at leust one year after
<br /> -�_:•:`°�'j - the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless
<br />,;:`"�'' "�`�1 extenuating circumstances exist which are beyond Bonower's control. Bonower shall not destroy, damage or impair the
<br /> Property, allow the Pruperty to deteriorate, or commit waste on the Property. Borrowcr shall be in default if any forfeiture
<br /> _��'.:��`�>�;. , action or proceeding, whether civil or criminat, is begun thac in Lender's�;cwd fuiii► juubiiw�t c:,�t� resuli ir forfeisure af the
<br /> = �-.;,;«�,�.,1��. • Property or otherwise materinlly impair the lien created by this Security Instrucnent or Lender's security interest. Borrower may
<br />;:s.�`r�3',',�,, cure such u default and teinstate,as provfded in paragraph 18,by cuusing the action or proceeding to be dismissed with u rulin�
<br /> -°�����.i:�: , that, in L.ender's good faith determination, precludes focfeiture of the Bonower's interest in the Property or other material
<br /> - -°"-�'�}`• impainnent of the lien created by this Security Instrument or Lender's security interest. Borrower shall nlso be in default if
<br /> . ,.ii;i�.tiaE�.-.
<br /> � ,t Borrower,during the loan application process,gave materially false or inaccurate,information or statements to Lender(or failed
<br />__;�.��'�
<br />��_,�,,-��.� to provide i.ender with any material information)in connection with the loan evidenced by the Note, including, but not limited
<br />___-�zr� to,representations concerning Borrower's occupancy of the Property as a principal residence. If this Securiry instn�ment is on a
<br /> _ .;Y.,� leasehold, Borrower shall comply with all the provisions of the leuse. If Bonower acquires fee title to the Propeny, the
<br /> _'?�„;;;�� leasehold and the fee title shall not mergc unless Lender agrees to the merger in writing.
<br /> ---- 7.Protettion of I,ender's Rights In the Prope�ty.If Borrower fails to perform the covennnts and agreements contained in
<br /> -----= this Securiry Instrument, or there is a legal proceeding that may significantly affect Lendei s rights in the Property (such as a
<br />___--- proceeding in bankruptcy,probate, for condemnation or forfeiture or to enforce laws or regulations), then Lender may do and
<br /> ----_- pay for whatcver is necessary to protect the value of the Property and Lender's rishts in the Praperty. Lender's actions may
<br /> _�LL�a�� include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court, paying
<br /> _____.� reasonable attomeys' fees and entering on the Property to muke repairs. Although Lendcr may take action under this paragraph
<br /> =—= 7,Lender does not have to do so.
<br /> �__� Any amounts disbursed by I.ender under this paragraph 7 shall become additional debt of Bonower secured by this
<br /> �-W__—�_� Security Instrument. Unless Bnnower and Lender agree tv other terms of payment, these amounts shall bear interest from the
<br /> date of disbursement ut the Note rate and shall be payable, with interest, upun notice from Lender to Bonower requesttng
<br /> � payment.
<br /> �`�� S. Mortgage Insurance. If Lender required mongage insurance as a condition vf making the loan secured by this Secuiity
<br /> _--"�i�
<br /> --__��� Instrument, Honower shall pay the premiums required to maintain the mortgage insurance in effect. If, for any reason, the —
<br /> ___�.:� mo�tgage insurance coverage required by Lender lapses or ceases to be in effect,Borrower shall pay the premiums required to
<br /> ""��""� obtain covernge substantiaUy equivalent to the mortgage insurance previously in effect,at a cost substantially equivalent to the
<br /> ='--��_�_
<br /> �-:-- cost to Borrower of the mortgage insurance previously in effc�:t, from an alternate mortgage insurer approved by L.ender. I
<br /> `�=:��°`• ���` substantially equivalent mortgage insurance covcrage is not availuble,Borrower shall pay to L.ender each month a sum equal to
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<br /> - _ _ one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurance coveruge lapsed or ceased to
<br /> - �• • ' be in effect. Lender will accept,use and retain these payments as a loss reseive in 1 ieu of mortgnge insurance. Loss reserve _
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<br /> Form 3028 9l90 '=
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