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<br /> . . ' < - B aower s�aQ a�e ��s now e�s�g or ueiea8er erecced on the . . � .
<br /> � S. Aazara or Property Iasmrance. o �P
<br /> � ' �P�Y��a�loss by fire.Lazatds inclnded within the tean'eatended coverdge°and any other bar�rds, ineladin8 •' ° " .
<br />� � 80odS oI$a o c li 0��foI whiC11 I.elldei[eQti�e.s in��nr�.Z$1S l�sotau0e Shall be�Ed iII the amoIDlts 2�1d foI the peiiod4 . " _
<br /> ` t h a t L e n d e r r e q a i i e s. 'Igte in�ance car�er pmviding the inmrance s6aI1 be ctlosen by Bormwer sabjett m I.ender's appmval ` �'•;`;, �-
<br /> s• wlrich sball not be nnteaso�bly withheld. if Boaower fat�s to maintain coverage descn'bed a6ave. I.$uder may,at�I's _ . s t:,,: . �.
<br /> _ _ ='--=<"- option.obtaia covetage w pmtect I�ender's rights in the Property in accordance with parag�aP�7• • .• �
<br /> ' pll poliaes and renewaLs sUall he acceptable to l.end�r and sfiaD inciuds a standard mortSaBe cla►�. Leader I`.�:. ���;: -.-' -
<br /> incnr9nrP . ��
<br /> ' shall have the right to hold the poliaes aud renawals_If Lender�quires,Bonower shall pmmptiy 8►ve to I�eader all�eceipts of , ..�.
<br /> n t notice to the snsivance caaier and I.�dea• "' ' :
<br /> . , .. .. P�P�aud renewal nodces.Ia the event of ta�s,8ouocver stfall L-=ive PmmP . ; ��..
<br /> - � Ignder may ma�pmof of lass i€not made PmmgdY by Eoaower. .
<br /> ` � � UWess Ixndes and Borrower othetwise agcee in writmg,insa�ance Pmc�eds shall be applied to reswiarion or iepair of�e � ` `
<br /> � , . �P�Y�8�,if the resW�ation ai repair is economi�dty feas�le and Lender's secarity is not lessened.If the restorafion or .. �. „-� '�,•:^.,_-_:
<br /> � repair is not eco�onaicaliY fe�'b2e or Lender's secArity woutd 6e lessened,tbe insoians�e Pmcee�s sLall be applied m tHe sams `��
<br /> , ' secured by this Secarity Instnunent, arhether or not then due, with any excess paid to Borroarer. if Boao^wer abandons the . • �_ r"
<br /> ProPerty.or does not aa4vver within 30 days a notice from Le�Wer t�at the t111TI9}IPP�V��O�w SGLLC Y CSAY� {� .,_�
<br /> I,ender may wilect the iasurance Pmceeds. Lender may use tbe pmceeds w repair or restoze the Praperty or w pay sums �s'`�'�Y�_
<br /> ` .' setivred by th'ss Secnriry Iacunmeat.whether or not thea due.'the 30-day periad will begin whea the notice is given. � �: �_ ._ -
<br /> UuIess Leadet and Borrowa othe�se agee in writinS. aaY aPAlicadon of gmceeds to principal shall not extend ar , _ 4.
<br /> ` � ` ,( .� postpone the due date of t�e moathly paqluents iefecnd to in paragrapl�1 and 2 or change ti�e ama�t of dce payments.If uader , ____
<br /> . • , P�E�Ph 21 the PropectY Is acqu�red bY Lender. Bozrower`s risht to aay insvrance pnlicies and praceeds �vlting from .;.�-
<br /> . �, � dauiage ta the Propertp Prior w the acqufisition sbaU pass to Lender to ihe extent af tbe svms se��ued by tbis Secariry]nsunment _ ..<,,,,•�
<br /> ' immediately ptlor to the acquisition. .���_
<br /> .. �,. .��.
<br /> � ,Borcow�r's I.oan A licatto�Y.ease�eld9.
<br /> .. , • ._ 6.OccuPaac9.�reservation,Maluteaartce and Pratenion of�tte Property� $P •
<br /> � Borrower sLaU accuPY,establish.aad use the Pmpertp as Borrower's pzincipal res�dence withia sixtp days after the execution of � '• �-�"
<br /> , h .
<br /> s��,
<br /> - .. �.. . this Sec�uity Iass:ament and shall conumie w acsapy the Property as Borrower's priacipal residence for at teast one year after ._ �..�.•�;;-:
<br /> ...e.:»_
<br /> . . -.. the date of occupancy,nnless lxader otbezwise agrees ia writing.wluch wnsent shall not be unirasonably withhetd,or uWess '�..,..�
<br /> � �
<br /> � � , � �ate�ating drw�msqaces eaist afiich are beYond Bormwer's copuol. Bomn Borrower�sha}ta be�in�de�t if a�g farfeiNce `—...
<br /> te�a :
<br /> , ' pmperty. allow the Propert9 w deteriorate,or commit vrrasce oa the Property. .
<br /> i
<br /> �. , . acdcn or pm�ditiS,whether civil or criminal,is begaa that in Lender's good faith jadgment caatd resalt in fnrfeiwre of the z .�_
<br /> r�' i. -�w�..
<br /> . � Froperty'or othe=wLse materlaliy impair the liea created by this Se�uity Instrament or Lender's secan�interest.Baaowes maq . .�;.-=
<br /> � Gue such a default and reinstate,as provided in paraSraPh 18.6p causing the action or proceeding w he dsmissed widi a ruling . . • ., ._
<br /> ' ' t�at, in Lender's gaod faith determination. Preclndes forkitare of fi�e Borrower's interest in the Pmperty or o t her ma t e ri a t . .y.`,�_.
<br />� : , . � . impaimment of die liea created hq this Secuntty Insm�ment or Lender's security interest. Borrower sball also 6e in defanit if . ��
<br /> `, dwing the loan appliradoa pmcess,8ave materially false or inaccivate informadon or state�ents to Leader(or failed •'�:?�'
<br /> Bormwer, but not limited . _'
<br /> . _.._ .. �provide l.ender with a�+materiel infom�an)ia wnnection witL the loan evidenced by the Note.incladinS. ,��c:�..:
<br /> `' to.rePresentations wncermng Borrower's occnpancy of the Property as a principai residence.If this Secmity Instniment is on a _ , . . .
<br /> •r`;, �:+�: ,•
<br />' leasehnld. Bounwer shall comply cvith aU the pmvisions of the lease. If Borrower acqoires fee title to the Property, ihe � ',..,, �., .�-�-
<br />- :. , ..;.=.-_--_
<br />_ ,. leaseho2d and the fee 6de sball not merge un!ess Lender agrees to the merger in aruting. . . _ , �_
<br />^ ! . ';� 7.Pcotect�on oY I.eacler's Rights in tls��roperiy.If Bonower fails to perform the covenants and agreements contained ia -..__
<br /> . ,t this Security lnst�a�ment, or there is a leBal�r�in8 that may sigaific�udy affect Lender's right�i�the Property(such as a __-
<br /> ; praceeding in bankruptcy.probate.for condemnatioa or farfeinue or to eafa�e laws or regaladons),then Lendet may do and _"�� ' =
<br /> - ,�� p a y f o r w h a t e v e r is n e c e s s a r Y�o protect the vatae of tt�e P�operty and Leatter's rights in the PropertY.Lender's aaions maY . ::,, ;�.-:-_�
<br /> ` � � � � inclnde PaNinB �Y � s� by a lien which has priority over tttis Security Iasmiment, appearin8 in c u n rt, Pa Y�S �- c. • -.
<br /> _.. ._. . reasanable aaorneqs'fees and entering on the Property to make rePaus.Although Lender may take�.�-rion under this paraSraPh .. . i . .
<br /> , • � � ?,Lender does not have to do sa. •
<br /> , :t pny amormts disbuised by l.ender under tLis Daragraph 7 shall become addidonal debt of Borrower secured by t6is
<br /> , g�i ty 1 n s t�m m e n t,UNess Borrower and Lender agcee to other tecros of payment,these amounts shall beat interest from the
<br /> . � date of disbarsement at the Note rate and shall be payable. avith interest. upon noace fmm Le n der to Bortower reques t i n g �
<br /> . . . Pa�� • ; .
<br /> `. ; . S.Mortgage Insurance.if Lender required mortsage insurance�s a candition of maltin�the loan secured by this Security .
<br /> �i� , IaStmment. Horrower shall pay�he premiums reiluued to mainrain the mongage insarance ia effect. if, for any reason, the .
<br /> : ; . .. - mortgage insurance cweiage mquired by Lender lapses or ceases w be ia effect.Borrower shaall pay the premiums reyaired to .
<br /> obtain coverage substantially equ+valent to c�e mortsage iasurance prei+iauslY in effect,at a cost svbstantially equivalent to the
<br /> , cast to Borrower of the mortgage insurance previously in effect. fram an alternate raortgage ias�rer approved by Lender.lf
<br /> ' • ' �bstantially equivalent mortgage insurance covera8e is not available.Bonower shall pay ta l.ender�ch month a sum equal to .
<br /> one-twelfth of the yearly mortgage insurance premium beins paid by Borrower when the insnrance coverage lapsed or ceased to .
<br /> � • be in effect.Lender w611 accept,use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve _
<br /> Form 3028 9t90 � .
<br /> � , (��BRlNE1��2�s�.o� v.ye s of e iNt�n.:�� �. . .: .
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