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<br /> 97� i��4s -�-- --- ----- 4-,_�_�
<br /> 5. Hatard or Property [n+urance. Ac�rruwer .hall 6eep thc impru�cmrnt� nuw eti.[mg .ir hereafter cr«teJ un the �. ; ��._
<br /> < Pruprrt� irour��i aga�mt lo>�h} fire. h:�rrd+ mrludeS within thr term °extended ruverege" anJ am other har.�rd., inrluding ' , • ' �r =
<br /> floud,ur fl���d�ng. fbr��hirh lander reyuirr� in+uran�r. Th�� in.uranrc�hal1 hc rosintaincxl in thr ame�unt,and ti�r the periud. , • ' � "
<br /> t ..�
<br /> � thst lxnd�r reyuire,.The in.ur3nce�amrr pr�n idin_�thr in,uranrr•h311 hr �ho.rn b� Be�rro��er .ub�ect tu LenJer',:tpprcn�al � �, ___
<br /> ' Hhu:h .h�ll reut be unrr:��onahly �.•uhheld. if B��rrciWCr faih w m:►inta�n a��ere�;r Jc�crib�xi abuvr. I.ender mny. :�t Lender'. . ` • �
<br /> � opnon,ubtain ru�•erage to protert Lender'+righ�,in the Pniperty in a«:urdanre w itfi psragraph 7. : ...
<br /> All in,ur.uire pulieieti and reneual� +hall be acceptable t�� Lender and ,h;ill inrlude a ,t:imiard mungage�lauae. Ixnder , . ' . �' '�;�'
<br /> " .hall hs��c thc right t�i h�>Id the pulir�e�and rene�cal.. IE Lender requirc�.&�rrower.hall prompd} gi�•e tii[.ender:tU receipts uf �, - � . � �'
<br /> , pa�d prem�um�anJ rcnewal noticey.tn che e��ent of lo.ti. Bom�wrr.hal{ give prunzpt notice t��the in.uranre carrier artd l�nd�v. ----- --= -` =, - �--
<br /> I.ender may make proof of loti�if not rt�de prompdy by Borrower. ' . , __
<br /> Unless L.ender and Borrower othenvi�e agree in H•riting, imurance proceed.s,hall be applied to restoration or repair of the .�•.• , �
<br /> Property damaged, if the restoration or repair i�economically f�sible and Lender's security is not lessened.If the restoration or , - - • ''°
<br /> ' repair i.not economically fea+ible or l.ender'+,ecurity would be lessened. the insurance proceeds shall be applied to the Sums - • � '�.', ._� _
<br /> , secured by this Security lnstrument, whether or not then due. with any excess paid to Borrower. If Borrower a6andons the :��•t__
<br />�� , Property,ar does not answer within 30 days a no[ice from Lender that the insurance carrier has offered to settle a claim, then , . ���-_->�
<br /> . Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restare the Property or to pay sums • _,_�„�,�,i;.,::.:`�
<br /> secured by this Security Instrument,whether or not then due.The 3Q�day period will begin when the notice is given. ;.. �: :�
<br /> ; Unless Lender and $orrower otherwise agree in writing, any application of proceeds to principal shall not extend ar -� �`''��
<br /> postpone the due date of the monthly payment� referred ta in paragraphs 1 and 2 or change the amaunt of the payments. If ,�•�:.��
<br />' under paragraph 21 the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds tesulting from .• �� �;•.
<br /> :, dam�ge to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security Instrument . ` • ' � '
<br /> - immediately prior to the arquisiteon. � � ' t ,,.,. ,.
<br /> 6.Occupancy,Preservation,Ntaintenance and Protection of the Pro liurrowec's Loan Application;[.easeholds. ���T�
<br /> �� _1.��.,_1.��.ifi...��e
<br /> � Borrower shall occu establisn.and use the Pro ert as Barrower', rinci a!residence within sixt da s after the execution of • ---�,-���:�"-�-�``
<br /> PY• P Y P P Y Y . +� ..; �—
<br /> this Securiry Insuument and shall continue to occupy the Proper[} as Iforrower's principal residence for at least one year after
<br /> the date of occupancy.unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless •. ,����s�.�
<br /> extenuating circumstances exist which aze beyond Borrower's control. Borrower shall not destroy, damage or impair the • - ' �:�-��;, � �`J�
<br /> � � Property, allow the Property to deteriorate. or commit waste on the Pruperty. Bortower sfiall be in default if any forfeiture '`
<br /> action or proceeding,whether civil or rriminal, is begun that in Lender's good faith judgtnent could result in forfeiture of the ` ��.� '
<br /> ��'•• �.;?.,,�����
<br /> ' Property or otherwise matenally impair the lien created by this Security Instrument or Lender's security interesc. Borrower may _ : � �•� •'..•-[__.
<br /> ' ''` cure such a default and reinstate,as provided in paragraph 18, by causing the action or pmceeding to be dismissed with a ruling "i�.." �
<br /> ;; that, in Lender's good Faith determination, precludes forfeiture of the Borroaer's interest in the Property or other material �`'�` � � _��
<br /> ? impairment of the lien cszated by this Security instrumant or Lender's securiry interest. Borrower shall also be in default if �•� �,�� •.� �
<br /> . Borrower,during the loaa application process,gave materially false or inaccurate information or statemenu to C.ender(or failed ' • - �• . _
<br /> '� '-#•,, ` r"i i .. -
<br /> ' to provide Lender with any materia!informauon)in wnnection u,ith the loan evidenced by the Note,including,but not limited '� dt . �-''
<br />� ._ . to, representations evnceming Borrow•er's occupancy of[he Pro�as a principal residence. if this Securiry instwnent is on a �'� •
<br /> � � leasehold. Borrower shall comply with all the provisions of the lease. Tf Borrower acquires fee tide co the Property, the •� �J `=
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<br /> ' �. ieasehold and the fee ude shall not merge unless Ler.der agrees to the merger in writing. � .'i-,;.,:
<br /> � 7.Protection ot Lender s Rights i�the Property.If Borrawer fails to perform the covenants and agreemenu wntained in ,M�"`�°'"
<br /> this Security Instrument, or there is a legal praceeding that may significantly affect Lender's rights in the Property (such as a � �� _ '��
<br /> � 1 � .. .
<br />. � proceeding in bankruptcy,probate, for condemnauon or forfeiture or ta enforce laws or regulations),then Lender may do and y��.,.±��..._� �-
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<br /> pay for whatever is necessary to protect the value af the Property and Lender's righu in the Property. Lender's actions may :�� , _
<br /> include paying any sums secured by a lien which has priority over this Sec�rity Instrument, appearing in wurt, paying =___ �°-°��'""` � °
<br /> � < reasonable attomeys'fees and entering on the Property to make repairs. Although Lender may take action under this paragraph =-- - - :_ -=_
<br /> �+ 7,L,endeF does not have to do so. _- _.___—°`-r-•-- � ��
<br /> . � Any amounts disbursed by Lender under this paragra�h 7 ;hall become additional •a,:.bt of Borrower secured �c: this
<br /> f Security Instrument.Unless Borrower and L,ender agree to other tertns of payment,these amounts shall bear interest from the
<br /> � date of disbursement at the Note rate and shall be payable, with interest, upon notice fmm [.ender ca Borrower reqwesdng ��-�-- — ���
<br /> � payment. f�.:.--'�;_,�
<br /> • S.Mortt;age Insurance.If Lender required mortgage insurance as a condition of makir�the loan secured by this Securiry ;`• .��"�'..,`�.
<br /> Instrument. Borrower shall pay the premiums required to maintain the mongage insurana s�effect. If, for any reason, the ;;! ;,:�`��•_�-_-:
<br /> mortga�e insurance wverage required by Ixnder lapses or ceases to be in effect. Borrower shall pay the premiums required to � •;`.'��`-• ���='
<br /> obtain coverage substantially equivalent to the mortgage insurance previously in effect,at a cost substar.:*_a�ly equivdlent to the ��.;;ti.�.r•..,-:.:..,._-ri�'�
<br /> cost to Borrower of the mortgage insurance previously in effect, from an alternate mortgage insurer agproved by i.ender. If ��'-'�� ,,... ;•„*..:
<br /> substantially equivalent mortgage insurance coverage is not avail�ble,Harrower shall pay to Lender each month a sum equal to �:y.�`��•�.:��, -..
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<br /> � one-twelfth of the yearly mortgage iasurance premium being pud by Borrower when the insir,_nce coverage lapsed or o�sed to �,,,��,��,
<br /> �3 be in effect. L.ender will acce t, use and retain these a ments as a loss reserve in lieu af tnon a e i�surance. Loss reserve I��' � �'''"' "��••�
<br /> . P D Y € 8 , Z'';
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<br /> � Fortn 3028 9I90 , . `'``-'��°". ,
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