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<br /> c� . � ' . ' S. Hazard or Propeaty Iasm�ano2. Bonower sball keep the impmve�tents now exitbing o�hereaftei e �the ` � ' .
<br />:�� . . piopertq in�against loss by Sie,ba�ds included within the term'ea�d�coverage' and any ot�r�a�ds,iuclnding ,
<br /> �� , � .. flaads or ftnoding,foT wh�Ch Iender tequites insutance.This�nsui'ance Sl�all be maintaineYi iII the amo�ts and for the petiods .. •
<br /> t _�,,.-,.:`- thai L.ender reqnires.The igsuianoe canier provIding the iasaianse shall be chosen by Borrower subject to I.ender's agpmvai _.�. .
<br />,Y,...� _� - � �tlus�3 s�el!ttDi be uale2son3bly�vithheld. If Botrowe!failS W mainrain oovetage desonUed sbove. Iander may. at L.ender's _ . =s;-
<br /> ; ` option,obiaia�vaage co pmtect L,eader's ughts ia tLe Property ia ascordance with p�agiaph 7. , �
<br /> Y� , . �< All insurance policies and renewals st�all be acceptabte m Lender and shall inciade a standard mortgage clause. Lend�r ��s�
<br /> -'' .. • shaJl�ave the right ro hold the policies aad ren�vals.If Lender reqai�es.Borrawer shall pmmpdy give w Lender all ceceipts of ., " ,�'
<br /> 'i` ` paid p�emi�s aa�d zeaeewal nodces.In the eve�of toss.Boaower shall give pmmpt notice to tLe insazance carrier and Ixnder. - .
<br /> :.�` , . L.endet may make praof of loss if nat made pmmpdy by Boaower. ` :
<br /> , . . Unless Lender and Bormwer atheiwise agree in writing,mso�anse ps6ceeds shall be applied w reswration or repair of the .
<br /> �i; ' ' ' �P�Y�Sed,if the r�atian or r�epair is econnmicatly feaa'b2e and Lender's seWritp is not le�sened.If the teswration or •� :.�,�:,
<br /> � , repair is n4t economically feas'ble or Lender's secarity wonld be lessened,t�ce insaianc�e pmceeds shall be applied co the sams ; � -�'-
<br /> .F,: . seaued by this Secatity r++�^,,,,P„,r whether or aot then dne. with ai►y excess paid to Bormwer. If Borroarer abandons the =_
<br /> �1�:: . z � ' propertq,or does not answer within 30 days a nodce fmm Ixnder tbat the insvraitce carrier has offered to seule a claim.then ' . .- -_
<br />;�.` , :-:� L.ender may coIIect the inso:ance pmceeds. Lender may �ase tbe pmceeds tn repair or mstore the Property ar m PaY sams % -_
<br /> :;:� : .. - , � secared by this Se�uriry Insuvment,whethes ar not tHeu due.'IYie 30-day pedad w�716egin when the notice is given. , , �:_.
<br /> . ;" Unless I.ender and Borrower othezwise agree in writin8► �Y aPP1iC8tioA of pIOCeeds to piit�[pal sbai! uot extefld or „ ,
<br />';s'' � �` gostpone the dae dase of the m�nthly paqments refesred to in paiagiaphs 1 and 2 or change the amannt of the payments.If nnder ' _
<br /> i��., .. . _ ��--
<br /> �+Y. paiagiaph 2i the Pmperty is acqnired by Lender. Bosrawer's right w any �i��s�po�cies and pmcceds resnldng from -- --- -'
<br />' `�, • . da�nage to the Frapecty prior to ths acquisitioa shall pass to Lender to the exteat of the sams secured bp dvs 5ec�ity Instrnment .. ' ���-
<br /> �� � • i�nmediately prior to the acqaistdon � - ��•_
<br /> •'`� . � � 6.Occapaas9,Pr�rvattoa,Mai�teaaace aud Frotectdo�of the Fropert9;Borrower's Loan Appllcat�on;Leasehotd9. ;: �' -'�:
<br /> �-= . , - Boimwec sl�all oecupY,estabtish,and use the Property as Borrower's principal zesdence witLin sixty days after the exeeoaoa af . ;� '-•,.
<br /> s�'� this Seaulty Instmment and shatl contirme to aaupy the Property as Bo�wer's principal residence for at least one peat after . ��
<br /> the date of�ancl+.uales4 Lender othecwise agrees ia writing,wluch consent shaU nnt 6e nnreasonably arit6hetd.or nnless =. - -
<br /> ';.. � ' extem�ating circu�tances e�ust which ate beyond Botrowet's control. Borrower shali not destroy, damage or impair We . -_-_...
<br /> �z;: ,'.... ' :'
<br /> � Property, allaw the Property w deteriarate. or cu�mit waste an the Property. Bo:rawer s1�aU be in default if any forfeitane .w_.�,�, . ..�.:�
<br /> � aedon or pmc�eding,whether civii or criminal,is begua tbat in Lender's gond faith judgraent coutd resutt in fo:feiUUe of the -- _
<br /> ProPerty or otheiwise matecially impaiur the lien aeated by this Se�arity Inso�ament or Lender's secarity interest.Bosmwer map .�.° ' -_
<br /> , . aue sach a default and reinstate.as prm►ided in paiag�aPh 18,by causing the action or pmceeding w be di�issed with a mling ' ,. -
<br /> _ _ .. tt�at, iu L�nder's good faith der �n�'on, Prectudes faifeiture of the Borrower's interest ia the Property or asher material :,_ ..:..`r�
<br /> ..:.�. impaimment of the tien created by this Securiry Iasm�ment or Lender's secarity interest. Borrower shall also be in defantt if . - -
<br /> � Bonower,du�ring the loaa application pmcess,gave materially false or inaccnr�tte info�ation or statements to Leuder(or failed . . , ----
<br /> , to pmvide 4xnder wIth any material infoimadon)in coanectioa w i t h t he Ioam evi d en c e d by t he Note.inc l u d i n g,b n t nn t l i m i t e d '' . =�„"�,
<br /> �� �:.. ..'�.:
<br /> � � x.. to.rePresentauons wncemia�Hormwer's occupancy of the Property as a principal residence.lf tLis Secoritq lnstcament is oa a • -_-
<br /> ; ;s � • . • f 2easehold, Borrower sball comply arith all the pravisions of the lease. If Borrower acqaites fet dtle to the Propertq, the � � _ •'t`
<br /> 7 ., ; leasehold and the fee due shall aot merge uaIess Lender agrees to the merger in wrlting. � : --
<br /> ' . � 7.Protec�on of a.ender's Rigbts in the Property.If Borrower fails to perfoim the covenants and agreements contained!n ".�-
<br /> �� this Security Ins�ent.or there is a legal pmceeding that may signiScantly affea I.eader's rl�hts ia the ProPertY(sucb as a _ '' '.���
<br /> "' � ,j proceeding ia bankt�ptcy,probate,for wndewnation or forfeiture or w enforce laws ot reguladoas).then Lender may do and -
<br /> `.�.= • ,� pay for wt�atev�r is necessary ro protect the value of the Property and Lender's rights ia the Property. Lender's actiomv may • _ -
<br /> ?�::�� . ��_ include yayIng any s�s secured by a lien wldch 6as prioriry over this Secarity Instzament. aPPe�inB ia court. DaY�& . ' :,
<br /> reasonable attorneys'fees and eatering on the Pcoperty to snake repaus.Although Lender may take action aader this paragcaph
<br /> ''�13��•' 'I,l.ender does not have to do so. ,. ,. � �
<br /> �•�� Any amaunta disbursed by Lender under this parapaph 7 shail become additionat debt of Borrower secured by this � . �
<br /> • Secarity Insu�men�Unless Borrower and Lender agee to other terms of payment,these amounts shaU bear interest fram the • .
<br /> � � date of disbursement at the Note rate and shall be payable, with interest, apon nodce ftom Lender w Boaower requesang ' .
<br /> t- ; - � �. . �
<br /> payment.
<br /> 8.Mortgage lnsurance.If Lender aequired mortgage insuiance as a condidon of making the loan secvred by this Securiry ` �
<br /> � Instnuneae.Bo:rower shall pay the premiums tequired to maintain the mortgage insarance in effect. lf. for at►y reason, the ,. •
<br /> ' mortgage ias�*g�coverage required by Len�r lapses or ceases to be in effect. Borrower shail pay the premiums required to •
<br />:�. � . obtaln eovera�e substand�atly equivalent to the mortgage iasurance previously ia effect.at a cost substantialIy equivalent ro the , • '
<br /> ' . cost to Borrower of the mortgage insurance previousiy in effect. from azt alteraate mortgage insurer approved by Lender. If
<br /> � � substantially equivalent mortgage insurance coverage is not available.Borrower sball pay to Lender each montt►a sum equat co ' �.
<br /> � one-twelfth of the yearly mortgage iasurance premium being paid by Boaower when the insurance coverage lapsed ar ceased to -
<br /> I be la effect.Lender will accept,use and retain these payaients as a loss reseive in lieu of mortgage insurance. Loss resenre .
<br /> f . 1 ' . .
<br />'F. . ' `� Form 3028 9/90 �
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