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<br /> `� 9���.i���99 . . " `' , ` �
<br /> Jhall keep thr itnpro��ement, no�� exi.tinE ur herw�ter ererted un the ' � � t`
<br /> 5. lfai.ard or Propert� la�urence. B��rn,•�er , ,_
<br /> Pruprrty imurni againtit It,.. h� tirc. hatard. include d «it hm t hr trrm "rrtended ccn�ragr" and any uther ha�ard�. mcluJit►� , ,
<br /> fluud,ur flouding.for nhirh l.cnder rtyuir��m+urante. Th�+in.urance.hall bc ma�ntame�i �n thr amuunt.aiui ti�r the penod+ � �._,�_
<br /> that L.cnder reyuirc+. Th� in+uranc�csmer pm�iJing the in+uranrr .hall hc rhu�rn h} Burru«er .uhjrrt a�l.cnder'. appru�al
<br /> which ,hall nut b�unre;i,unabl} t►ithhrld. If Burrrntier fail.t�� ma�ntain cu�rrage �l�winhc�l abu�e. Lrnder ma�. at L.ender'. . • . � ` � . .
<br /> ,,� option.ubtain ru�ersge tu pr��tert L�nJer'�r►ght.in the Prupert} in:ncurdanre aith paragraph 7. •
<br /> All in.uran�e pulicie� :uid renewal+ ,Fwll he n�ceptablr to LenJer snd �hall inrlude a ,tandard nwrtgage dauye. L.ender - . .- -1 .
<br /> �h:ill hace the right t��hold thz potici�,and reneusi�. If Ltnder myuire..Burrow�er,h;ill prumptly gi��e tu Lender all receipts of
<br /> paid premiums:uid rene«al nutice�. In the event ot lu,,. Borr����er,hall give prompt nuti�n to the in�ur:uice rarrier and[xn;ler. . .
<br /> Lender ma} make pmof uf lu„if nut made pmmptl} b�•Bi�rruarr.
<br /> (Jnley�Lender:uid Borrower uthen;i,r agree in writing. in�urance proredds.h:ill be applied to restoration or repair of the �. ,
<br /> Propen} dam:�cx1.if the restoratiun ur rep:�ir i.erunumiwlly ie-d,iblr:snd Lender'+�ecunty is not lensened.lf the restoration or :. � ' �
<br /> repair is not eronomically fe�.i,ible or Lender'+�ecunty wuuld be le��eneci.the ia�ur.icice proceedti shall be applied to the sums �;��' —
<br /> ,e�ured b� thi� Security ln.erument_ whether or no[ then due. �+•ith an} excess paid tn Burrower. If Borrower abandons the •.. . - _ �
<br /> Property. or doe,not aa,wer«ithin 30 da�,a notire fram l.ender that the ia�urance carrier h�offered to�ettle a claim. then .;.;,,,,�,. .
<br /> � - __
<br /> Lender may collect the insuranre pmceeci�. Lxnder may u�e the pruceed� to rrpair ur restore the Property or to pay sunu :�:�+•±�:—
<br /> � �ecured by thi+Scxurit�•latitrument.whether ur not then due.The 3f�day period will hegin when the notice is gicen. . •
<br /> Unles, Lender and Borrower rnheru•i�e agree in ���riting. any �pp�ication of proceeds w principal shall not extend or � � ��:�
<br /> postpane tne due date of the monthly payments referred to in par:igraphs l and 2 or change the amount of the paymenu. If . .• •���� ;,�.� —
<br /> under paragraph?1 the Property i,acyuired by Lender. Borrower'+ right to any insurance policies and proceeds resulting from ,._. � ?�f"�'._._--__
<br /> � damage to tha Property prior to the acquisition�hall pass to Lend.r to the extent of the sums secured by this Securiry Inswment , , . �. �,t,�..,_'
<br /> _�,....
<br /> immediately prior to the acqui+itian. ,. . . .—._. ._.:.•�,�._�
<br /> � 6.Occupanc}, Presen•at3oa,biaintenance and Protection of the Property:Bono�s•er's Loan Application;Leasehalds. �•3��_
<br /> ���
<br /> Bo►ron•er shall occupy.etitablish.and u�e the Property a,Borrower'+principal re�idence within sixty day+after the execution of -'4• r
<br /> � chr Security Intitrument and +hall connnue to occupy the Proper[�• a�Borrower'�principal residence for at least one year after _
<br /> c!�z•::ate of oceupart�}�.unle.+Lender atherw•i.e agreeti in writing. which con�ent shall not be wireasonably withheld, or unless . �,"
<br /> extenuatine cirrumtitance+ exist which are beyond Borrower'+ control. Borrower shall not destroy. damage or impair the
<br />. Property. allow• the Propeny to deteriorate, or commi[ waste un the Property. Be�rro�ver shall be in default if any forfeiture _ :
<br /> zc2:+*n or proreeding, u•hether civil or criminal. iti begun that in Lender's good faith judgment could result in forfeiture of the ���'�, r..
<br /> F;c;,erty or otherwise materially impair the lien created by this Security Instrument or Lender'ti secunty interest.Sorrotver may �.�,:�._? ; •�.:.
<br /> :s��-.ach a default and reinatzc�.as provided in paragraph 18, by causing the action or proceeding to be dismissr�t«ith a ruling �..a�G;��'= �':�Q;',;f�.".•
<br /> ,,;<»,,,.,. ,$ _
<br /> �h�:. �n Lender', �ood faith deter[nination, preciude� forfeiture of the Borrower's interest in the Propeny or c•�ier matetial r+,.•1 . y
<br /> in:pairment of i:e lien created by this Security Instrument or I.ender's security interest. Borrower shall also be in default if :,.F. ��� � •-,;) .
<br /> &:r:uwer,during�he loan applicauon process,ga�•e rt►aterially false or inaccurate infortnation or statements to I.ender lor fai�;�f :?�_�, :��_.
<br /> r�^rovide Lender�vith any material information>in connection with the loan eeidenced by the Note,including.C:�t not limitzi �,��ypµ�„_ � ��
<br /> ' cu. representatioati concerning Borrower's occupancy of the Property ati a principal residence. If this Security Irtstn:ment is on a �•.���r ,.,��.+ -s'`
<br /> ���, leasehold. Borrower +hall comply with all the provisions of the lea,e. If Borrower acquire� fee title to t!:: F�operty. the ;�_•
<br /> leasehold and the fee title shall not merge unless I.ender agree�to the merger in writing. +,�.{:•,: ��
<br /> 7.Protection of Lender's Rights in the Property.If Borrower fails[o perform ihe covenan���.d agreements contained in � ,��:.r»_��Y°
<br /> this Secunty Instrument. or there is a legal procecJing that may significantly affect Lender's rights in the Prc��erty (such as a �=r�.— — _
<br /> proceeding in bankruptcy,pmbate. for condemnation or forfeiture or to enforce laws or regulatians), then Lena..�may do and �,s';;:' �� �� .� .:
<br /> pay for whatever is necessary to protece the value of the Property and Lender's rights in the Property. Lender s actions may ����
<br /> ..�:'�+bir+�R'a°a-..
<br /> include paying any sums secured by a Iten which has priority o.�er this Seturity Inti[rument. appearing in court, paying _ �..�T_
<br /> reasonable attomeys' fees and entering on the Propeny to make rcpair<. .4lthough I.ender may take actian under tfiis paragr�clt --�.+4 _ __. _ _
<br /> �� 7,Lender doey noi hace to da so. �.,,� =— - �
<br /> Any amounts di+buned by L.ender under this para.±Traph 7 sha11 become additional debt of Bonower sr�szed by this
<br /> Security Instrument. Unless Borrawer and l.ender agree c��:>:her terms of payment,these amountt shall bear ir.te:est from the
<br /> ;: date of di+bursement at the Note rate and �hall be payable, with ir.:erest, upon nouce from Lender to Borrower requestia� ;- . �tiA'_
<br /> -: F payment. ��•�����llflr;.
<br /> S.:1iort�e Insurance.If Lender reyuireei mongage insurance a�a wndition of making the loan secured br•this Securn• `'��.�b-Y;,�rY�•�_=�, `�
<br /> .1.� _ , .
<br /> Instrument. Borrower shall pay the premiums required to maintain the mortgage imurance in effect. If, for;:-.y :eason, the 4; ;:..���ft:#,.,�;; .
<br /> mortgage inwrance coverage required by l.ender lapses or ceases to be in effect. f�wrrower shall pay tfie premiurr,s rzquired ta �,f�. �°'
<br /> obtain coverage substantially equivalent to the mortgage in�urance previously in effect. at a wst �ubrtantially equivalent to the , � :���; a-":,.
<br /> cost to Borrower of the mortgage insurance previourly in effect, from an altemate mortgage insurer approved by Lender. If �;.� _
<br /> eubstantially equivalent mortgage insurance coverage is not available.$arrower shall pay to Lender each month a sum eqc21 e,� , . :�;�. ,::��.
<br /> one-twelfth of the yearly mortgage insurance premium heing paid by Borrower when the insurance coverage lapsed or ceased to
<br /> be in effect. l.ender will accept,utie and retain these payments a� a lo.s re�erve in licu of morigage insurance. Loss reserve . �
<br /> Form 3028 9/90 ' • . � :
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