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<br /> ���.� .' ; • 5.itarard or Propertq IaRUrano� Bocrowa shall kccp the improvements now exi�oing or hereaftei erected on the Propaty '
<br /> ' S insured ugainst loss by 6re.ha�ards included within the tema "eatended coverage"and any other hazards. ittctuding iloods or
<br /> - j tlaod'a�g,for which Leadei cequires ms�uance.'t��is insa�ce shall be maintained in the amounts aad for the periods that L�dea:-.• . ,< . •
<br /> . - .�. � requires.'Ine insivance rmier providing the iusura�oe shaII be chosen by Houower subject to Lertder's approvai wtuch shaU not ;`','�
<br /> `� be unreasonabty with�eld if Barrower faiLs tn mamtain coverage des�i6ed above, Lender may,at Lendea's optioa. obtain� '-
<br /> � ' ��;,` coveaage to protect Lender's righis in the Property m accordance with paragiaph 7. - - . . .
<br /> • �` - '. dW ins��ce poliaes and renewaLs sball be acceptable to Lender and sball iaciude a standard mortgage cTaase.Leades shall� -;- ,-, -
<br /> . � � dave me ri g t tt tn hold the poliaes and renewals.If Lender cequires.Borrowes shall pmmptty give!o Leader all[eceipts of pai+d `. '
<br />. . ; premivms and renewal notices.In the event of Ioss,Borrowei shall geve pmmpt notice to the IIuivance r.airier and I.cnder.Leader� :-. 5' . .�
<br /> • .. atay a►ake proof of loss if not made promptly by Bmmwer. , : _ `�
<br /> ` , . Unless Lendea and Borrower otheawise agree in writing.insanance Fmceeds shall be apptied w reswratwn or repaa of the� - ��::�t .,.
<br /> - �F�Y�8ed,if the nestoration or repav is economic�lly f�b l e an d L e n d e r's seanriry is no t l e s s s e n e d.If the reswratinn or�.i , _ -
<br /> : . � � re�ir;s nat economicaliy feas,bie or Leade��s se�tity wontd 6e Iesseaed.the insurence pmceeds s6all be applied w the sums ,`,�`r �`,�
<br /> _ . " , secured by this Secarity Iastrumeai, whethea or not ihen due,widi any eacess paid w Bormwer. If Botsower abandons the .., •-:.�
<br /> . • Pcopary,ar daes not answea withm 30 days a nodce from L.ender t6at the insurance carrier 6as offered w seale a ctaim,then •. , �;',�:s.:_
<br /> • ' . � • l.ender m�y col�ect the msurance proceeds.Laidea may nse the pmceeds to repair or re,stnre the Property or to pay snms s�caaed , '.`: .£°°�,
<br /> . `.� ----
<br /> •,� . . � y by thic Secanrity 1nsEntment,whether or not then dae.'Ihe 30-day paiad wiII hegm whea tha notice ig gn+en. � : � �,_
<br /> : ° Unless l.e�der fficd Borrawer otherwise agree in writing,any application of pmceeds to principal shall not extend or postponc , ' �'= -.
<br /> . the due daic of the manthIY PaYm�ts red�ed to m paragraphs 1 and 2 oz ci�aange the arnount of t6e paymeuts.If under paragrapb . .:�.,`�-,,
<br /> n �
<br /> � '. ? 21 the Propesty is acq�ired by L.cader,Bormwer's righi w azry insmance policies and pmce�ds cesultmg from damage o�the . �`'-`��'
<br />- .. �P�Y P��the acqnisition shaA pas to Lender w the eatent of the sarns sec�ued by�is S�ry Insaument immediatety �_ : r�°��
<br /> :�:��� d -.
<br /> . priar w the acquisition. �
<br /> ' ; . 6.Oocupaacy,Preservation,Mainteasnce aad Protection oY tbe PropPrty: Borsower's Loan Appliration,Lease�oid�. .. . . .�
<br /> . � •�.'� Baraowex shall occupy,establish.and use We Pmperty as Borrower's pr�cipal resideace within suty days aftrd d�executeon of . �:-�,;.:�`-:�
<br /> � . ,�........,> :
<br />- - . _ , this Secwity Insavra�t and s6ai1 continue tn mccupy the Property as Bormwer's principal�ce for at teast ane pear after th$ , . .::���'_;
<br /> _ i dare of ac;cupanry, unless Ix.ndea othelwise a�rees in arritmg,which consent shall not be unteaso�bly withheld,or unless ���;r1�-' ,
<br /> , . .,i , •..�:,.R,.�
<br /> .,. . �r ext�uatiag cincumsKances exist which are beyond Bomnwer's control.Bo:mwea shall not desmoy.dama8e or impair the ProP�Y, . :..��;�o-
<br /> � aitow the Propeaty tn deteiiorat8.or commit waste on the Property. Bonower shaII be in default if aay frnfeIDUe ac�on or �; - � �`�'��'
<br /> � .. proceecling,whethea civ7 or cri�s►inai, 8un ' B N Sm a l.:.' ... .}7�:��*`
<br /> is be thai m Lenda s ood faith d eat c�nld resalt in farfeiwre of t�e Avp�ty or :<; : �!':
<br /> n.
<br />_ , • otheawise mateaially impair the fien crea�d by this Ser�uiry In.�ument ar Lender's secraity interest Baicoarer may cure such a `�''�`�?'' •;'��;�
<br /> � defavlt and reinstate.as psovided in parag�aph 18,by causing the acoian or proceeding W 6e dismissed with a mting tbai,m , : ��;_
<br /> �� L�dea's good faith determination,precludes farfeiwre of the Bomower's interest im the Property or other maierial impairment of , • r ,. ""
<br /> • � the lien created by this Secarity Instniment or LcAder's secarity interest.Borrowea shall aLso be in default if Bonowea,durmg the '��.
<br /> ' '° loan Iicarionj�{(�pQQ, ve mat�ialIy fatse or inaccmate infom�ation or statement�to Irendea(or fai�ed to pmvide Imdea witDi . :,�"�;
<br /> � � ._, �f r.r�.... �9 ���,�`=
<br /> � any marriial infomiation) in connection with the loan evidenceA 6y the Note. includ'u►g, b� not limited to,rep�resenmtions , . -�',
<br /> ' ' �. conc,canmg Borrowea's occupancy of the Property as a princtpal residencc.If this Secutiry Instrument is on a lnsehold Borrower � . '�'
<br /> '' shall compIy with all the provisions of the lease.If Borrowcr acquaes fee dtle to the PropertY.the Ieasehold aad the fee atte shall �'`.`;'"�
<br /> . . not medge untcss Lender a�ees w the merger in cvriting. ,:�"_-�`:
<br /> _ 7.Protect�oa of LendePs Rig6ts in ttie Properiy. IE Bomower fails w perfomr the covenants and ag¢eemeat�contauird in " ',�"�"-
<br /> . this Securiry Insuumen6 or the,re is a legat procccding that may significandy affect Lendea's righis in the PropeRy(sucb as a . ���
<br /> • � ' � procccdiag in banIwptcy.probate,for coademnation or forfeiwre or to enforcc laws or regulauons).then L�der may do and yay �.,:�:
<br /> � ' �•'. for whatcvcr is necessaryr to protcct the vatue of the Propeaty and Lender's rights in the Property.Le�der's acdons may include , . ;�'�''__
<br /> - --_. __ ' paS►ing any smns stxured by a lien which has ptiarity ova tbis Secvrity Inshument,aPPearing In oouri,PaY��ceasonabte _
<br /> � . � ' attameys' fces and entering on the propercy tn make rcpairs. Although Lender may take acdon under this paragraph 7.I.endea ,
<br /> `� does not have tn do so. . :
<br /> .. My amounts disbursed by Lender undea this yaragraph?shall become additional debt of Bonower secured by this Security .. �' . '. ..
<br /> _ � r Instrumen�Unless Bmrower and Lender agree W other tcnns of payment,these amaunts shall bear interest from the date of . . . �
<br /> � . , disbursement at the Notc rate and shall be payable,with lnterest.upon notice from Lender to Borrower request�g payment ,
<br /> 9.1Vlortgage Inswance. If Lender required mortgage insivance as a condiaon of making the loan seraued by this Security . �. '"
<br /> � Instrumcnt,Bonowea shall pay fhe pre�niums requimd to maintain the mortgage insu�ce in effec� If, for any reason.the;. . ,�
<br /> mortgage iasuiance covera�e required by Lender lapses or ceases to be in effect.Bmrower shall pay U�e premiums requireA W .
<br /> , � obtain coverage substantially equivalent tn the mortgage inswance yreviously in effect,at a cost substantially equivalent w ihe�
<br /> � � • cost w Bortower of the mortgage insurance previously in effect. fmm an altemate mortgage insurer approved by l.emder. U • �
<br /> . sabstantially equivalent mortgage insuranee coverage is not avaitable,Borrower shall pay to Lender each month a sum equal to � '- � _�
<br /> � one-tweffth of the yearly mortgage insu[artce premium bcing paid by Bonower when the insurance coverage lapsed or ceased W ' �
<br /> • • be in effect. Lender will accepi,use and retain these paymenLS as a Ioss reserve in lieu of mortgage insnrance. Loss reserve .
<br /> Form 30Z8 9/90 � .
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