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<br /> . _ . ♦ �NUUS.L-�++s����SLL�'___..".___.__-__-_—`_" "_. __ :._ .� � .
<br /> .�. .-..�...�.�u1- _ _ _ _
<br /> -' � y��t.�R�.yt'�ILL1J ' .."_".'__
<br /> 98-����sos
<br /> S. }1�rd or 1'raperty IniwrAnce. liorr��wcr shrll kaep ihe impn�venknt�+ now cxis�ing or hercalle� crcctcd on tho
<br /> Pra,rrty insurtci ug�inst IoR+by f7rc, h���n1� iixludcrl within ths term'cxtenclnf coveragc" wixf wny�Nher hiuxrd�, includln�
<br /> fluocls or flooding, tnr which I.ender reyuiree insurarxc.ThiS cnsurnns:esht+ll t+e main�niiHxl in thc nnHiunts u�x1 for the periacis
<br /> that l..cixlcr rcc{uircs. The Inxur�nce ranier provWing the insprance shall be cho�en by H��rrnwcr nub�cc;t to I.a�xlcr's approvil
<br /> which sbalf n+�t t+e unreasc�nubiy wilhi�cid. It&�rruwrr i'uiis tu nwintain:ovcragu dc.u:ribctil uFxive, i.��wJCr uu�y, ui l.vinl�i''.
<br /> option,abtain cnven►ge ta protect Lerxier's rights in►he Propeny in�:�cordxtxe with parugraph 7,
<br /> All insura�vco policics and rencwals shall bo accepinble to I.cncl�r anci shsll include a s�anci�rcl murtbagc cl�use. l.endcr
<br /> shall havo thc right to F►old the pc�licfes and rrnewals. if l.crxlcr rcquires,tkirmwer shall promptiy givc to l.ender all recciptF of
<br />, pxid pramiums encl renewAl ix�tic�,in the+oveM of�oss,Borrower shai l give pmmpt notice to the insurance cyrrier Arxf l.endor.
<br /> I�ender may m�l;e prcx�f of loss if not m�1p pmmE►tly by Bormwer.
<br /> [Jnlcss I.crxier artd Horrowu utherwise agroc in wdting, insurance procceds shall Ne appliod to resturetian or rcp�ir of thc
<br /> Froperty danwg�t,if the restorrtion or repalr is economir.ally feasible r�ncl 1..e.ncle�'c secnrity iF not lessenai. lf the restoration or
<br /> rcpair is not economically feasible uc Ltndcr's security would bc Icssernd. tl�c iruur�nce proceeds shall be applial to the sumc
<br /> s.ecurai by this Securiry Insuument, whether or r►ot then due, with any excrss�id to Bor.r.owcr. If Borrower abandons tt�r
<br /> Fhvperty,or does not answer within 30 days a natice from L�ender that thc ins+uu�ce cacrier l�as offerod to settle s clalm, tAen.
<br /> ; l.c�xler nu�y ��ultext �he i�uu�wx� pruc�is. l.ender n�ay use the prc�.creds ta �e�aic vr r�:ane tha Pmperty or to p:y :.un�,
<br /> stxyirod by this Security Instrument,wlxtlur or not then dua The 30�ci.s�y period will begin whea tIue notice is given.
<br />. Unitcc Lender and Borrower othenvise �+gree in wridng, any application of procads to principal shall not exteex!ac
<br />"� pastponc d�c duc dete of the manthly payments refencd to in pacagraghs 1 and 2 or changr the anaount of Ehe payments. p6
<br /> � under pa�agraph 21 the Propeny is acquirod by Lend�r,Borrower's right to my insurnnce policies a�nd pmcoeds resulti�e frort�n
<br /> dan�age to the Property prior ta the acquisition shnll pa.�.Y to I.ender to t1x extent of the sums securod by this So�riry Instrument
<br /> inimxiiately prior to the acquisition.
<br />: 6.Occup�ncy,Pre9ervs�tion,Mninten�wce#�Arotect0on of the Property;Borrower's i.00n Applk�tiou;I.auehui8e.
<br /> Borrower shall occupy,establish, and use the Pjuperty as Bomower's Rrincipal residence within sixry days after the execution of
<br />- this Security Instn►ment end shalt cont(nue tu occupy the Property as Borrower's principa! residence for at least one year after
<br />� the dAte of Accupancy, unl�ss Lender othecwix ag�s n�writing, whlch consent shiall not be unreasonably withhefd. a unksa
<br /> �xicnuating tirrum.;tw� axist •�hich :::. �;�� °..•��::vtr's zo^tr�!. Ls::r�w�r �ts�!! noi datrQ;. dam.ag� �r im�+�r tt�
<br />;� Pcoperly, allow the Property to deteriorate; nr oonuntlt��taste on the Property. Borrower shall be in default if�ny forfeiture
<br />;� �!�er�;+••.Y�s��ng, whrther r.ivil nr crn�ti�n,a1;S�he�EOe�ahat in 6xnc9kFT s good faith judgment co�.�ld r+nidt ir. fnrfeiturt of thC
<br /> � Pr.oQe�t}vr oati�envisc materially impair t1i�'Ceta�creafcxt by z►��S;S'tcrwii��]�strument or Lender's security interat.Bomowa mRy
<br /> ��such a defeult aixi reinstate, as provided in parag�c��ph �F;by causing the action or procooding to be dismissod with t ruling
<br /> �'t;L+�;��, in Lender's good faith detertnination, procludc^� :1'c�r.Feiture of tiie Borrowcr's interest in the Property or other matuiat
<br /> � srrrr�airnnnt of the lien created by this Security Instrument or I.ender's security iat�;tist. Borrower shal( also be in default if
<br /> Hiotrower,during the loan application process,gave materially false or inaccurute inforn�ation or statenxnts to I.rnder(or failed
<br /> to provide Lendr.r with any material lnformation)in connection with the loan evidencal by the Note,including,but not limited
<br /> i� to,rcp�sentations concerning Borrower's occupancy of the Property us�princip�l residena.If this Socurity Instnunent is on a
<br /> leasehold, Borrower shall comply with aU the provisions of the lease. Tf Bor�i►wer acqui:es fee title to the Property. the
<br />; leaschold ancl the fec tido shall nc�t mergG unless Lender agroes to the merger in wri:ti�ig,
<br /> 7.Protectton o[L�ender'a Rights In the Pro{xcty.If Borrower fnils to perfS�m the covcnents and agrxments oont�ined in
<br /> this Security I�w�ument, or there is a leg;i7.�proct�oding that may sigrxn'�antly affxt Le�nder's rights in the Property (such�a a
<br /> ` p#nceodin$irt��tcnl;rupccy, pmbaste,for ci�nd4rnnation or forfeiturc or yio rnforc�t laws or r+egulations), then I,enckr rr�y do md
<br /> :•���ay�.for wlu�tever is necessatw to protect�:e�ae•yalue of�the Property nnd Lender's rfights in the Property. Lender's actions may
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<br /> � ' 3•nclade paying any sums scc::uc� by'a,36en which�hfl� priority over this Secur;i,� Instrument, appearing in eourt, pying �
<br /> � � ��r�asonable uttocneys' fees a�x)enKe'ring o{n i�e Property to make repairs.Although 1L�nder may take action uncler thia pangnph �
<br /> 7,Lencler das not have to do so. , �:�:+
<br /> Any amounts disbursed by I.�nder�under this paragraph 7 shall bxoine addidonal dcbt of &►rrower socurod by �his �
<br /> �?�� Security Instrument. Unless�9omower a�xl I.ender agrce to other tams oF payment,�ihcse ambiints shall bear interest from thC'': �
<br /> ���� date of disbursement at the,t�ote rate and shall be payable, with intercst. upQn rwtice from Lender ta Horrower roquesting �
<br /> .�r- payment. ,
<br /> � 8.Mortg,�tge Intur�na.!f Lencter rcquired mortgage insurance�is a c�ndition of making the loan secural by this SocureR,v '•�� ��
<br /> � �1�zstcument, Borrower sF�ll pay the premiums roquiral to maintain t�he ms�rtgage insurana in effect. If, for any n�on, tP�
<br /> ;mtittgage insurance mverare requirod by Lcnder lapses or ceases to b�in effect,Borrower shell psy the prcmiums required to
<br /> ub2ain coverrgc substantiallg equivalent to tt;e tnostgagc i�uurancc prcviousiy in ct�cct,at a cost substantially cquivalent to tho
<br /> vnst to Norrower oF the mortgage insurxnce previously in effoct, frorn u� alternate mortgage insunr approval by Lender. If
<br /> substaiuially equiv�lent mortgage insur�nce coverage is►wt available, Bomower shall pay to Lender each month a sum equal to
<br /> ��; one-twelfth af tl�e yearly morigege insarutce prcmium being paid by Borrower when the insuruke coverage lapsai or ceased to
<br /> be in effect.l�ender will scce�t,use ar�d cetain these payments as n loss rcserve ln lieu of rrx�rtg�e insur�nce. L.oss rcsavo
<br /> . Fo.rn 3o2t 9rAo
<br /> Oyqs 3 or 6
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