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<br /> . ` which shatl aot be unreasonably withhcid.If Borrower fails to mainrait►coverage dam'bed abcve, i.eadcr may.at Lender's '
<br /> . i option.obtain covccagc to pmted Lertder a rights in thcs Pcogerty ira acoordance witt�paragtaph 7. � .
<br /> AO insurance poGdes aad renewa�s shall be acoeptabtc w Lender anA shat!indude a standard mortgage clause. Lender st�all ` ` ' -
<br /> __`_- have the right w hatd the policies nnd renearals. U'Lender requnrea, Borrower shaU promptly give to Lender ail receipes of .
<br /> { paid premiwns and renewai notices. In tha evcnt of loss, Bosrower shali give pmmpc notice to the iASUraace carrier aad F�
<br /> l.eader.Lender may make proof of loss if aot made promptiy by�orrower. + .
<br /> Unless Lendcr aad Botrower otherwise agree;g vnitiug,iasdrnace prnceeds aqa11 be applied ce reswration or repair of the ,
<br /> ; P[operty damaged.if d►e restoraHon or repair is eoonomicatly feav'b[e aud Leader�S SCNilty i4 AOt LCSSQt¢d. IPt�lp i'CSLOf8ti0A k ' ` ,,,; _
<br /> � or repair is aot eoonoaucafly feasibte or Lender's security woutd t2 le�sened.the insuraaoe ptoceeds shall be appCod w the �. . - _
<br /> j sums secured by this Se�vrity lnstrument,whetBer or not then due.with aay rxcess paid w Borrower.tf Bomower abandons : _ .��" `�. `.;:;:
<br /> 1 the Pmperty.or does not an4wer arithin 30 days a aotice from Lender that the iasurance carrier haz o8'ered to sarle a claun. � °:_ .;�;::
<br /> � d�en Lender mHy oollect ttie inswance proceeds.Leader may nse the procceds tn repair or ceswre the P�roperty or w pay � • . • •.• :'x,,
<br /> sums secured by thls Seauity Instrument.whether or not then due.'Ihe 30-day period w�71 begir►whm ihe notice is giveA.
<br /> , � Unless Lender aad Boirower otheiwi.se agee ia writiag.aay ap�tication of pmceeds te principal s6all not c�ctEnd orµostpone .- -
<br /> � tbe due date of the mond�iy paymeats r�'e�red to ia pa*aBiraPhs I and 2 or change the amount of the payments.If uada
<br /> � P�S�Pf►21 the Froperty ia acquired by Lender. Borrower's righc to aay iasuraace poticies and proceeds resultu►g from �
<br /> { damage to the ProPerty Prior w the acquisitlon shaU pass W I.ender w the eatmt of the swns sec�red 6�this Seauity , �_.. ,,'� �
<br /> . .I [ruorumeat immediateiy prior to the acqaisition � ; ��(`
<br /> - G, UewpancY• P�vatian, :NaInteoaase aad Prmtectio�a o! t�e Pe�y; Bonoerer's Iaa�t App�tian: �� • ..:�
<br /> ' �� I,ease$olds.Bors+ower sba11 ovcupy.establis6.and use the Property as Boisower's principal resideace aeithin sixty days aRer `�`�_;._
<br /> �� the execution of ttds Seattity Insavmeat and shall continae w osxupy the Property as Borrowers principal residence for at � �::.�'��
<br /> :.,� least one y-c�aRer ffie date of ooa+pancy.ualess Lender otherwise agrees in ariting,wtuch consent shall not be uareasonably '_�;,c?��
<br /> withheld.ur e�iess extenusting eircumstaaces exist which are beyoad Borrowet s ooatroL Borrower sball aoi destcoy.damaSe ..;, � -:
<br /> . - or impair the Ptoperty.altdw the Propercy w deteriorate.or comavt waste on the H�raperty.Borrower shaII be in default if aay . T ;.��,=;.
<br /> ,.�. focfeipue aaion or pmceeding, whether dvil or aiminal. is hegun that m Leader's good faith judg�ment could regult in :�r:`;;�f :-: �r..,::
<br /> � forfdwre a€cue Property or otherwise materially impair the lien a+eated by tbis Seaairy Insuumeat or Lender's security :'.:`�' . .. : R ',.
<br /> :�:'�ei ' inxrest Bcccower may cure suc6 a default and reinstate,as pmvided:t�paragaph 18.by causing the action or proceeding w : .r` . . . '.��
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<br /> ;?•,;:.,;~':.,':.•.��,�� be d'�smiss�4 with a niling [hat,in l.eader's good faith deterau�tion.prectudes forfeiwre of t6e Borrower s intecest in the ,;,t,". ;: :,. •
<br /> �;,;,�::,:,,:�,. �,,.�, . Pmperty or other mata�ial impatrment of the lien acated by this Seaulty trutrument or Lendefs securiry tnte�ets.Borcoarer �xiF;;<,`.' 1,:.;:_ -
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<br /> °`°�'.;;°.�F;�;'z� shall also be in default if Bocrotiver,dui�ag the loan�ptication process. gave maurialty faLse ar inacenmte 6�fora�tton or ;:;�'•,-�'.; , ;,
<br /> `,�`Y:.;,:'�i ';'��:;��� statemeats w I.ender(or failed w provide Lender wittc az�.y materiat iaformatIon)in connedion a�sh tho loan evideaced by the ;��;��;`,..%'°:.
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<br /> �,..� Note.i��.but not timited to.represeatations caace�niug Berrower's occupancy of the Prcr�me�y as a priacipal residence. ' t ;
<br /> �t� If this S�cy Ir�trumcnt ts on a Leasehotd.Burrower shail coar�l.y aeith all the provisioas oF�ue lease.If Borrowcr aa{aL�es �,. �,
<br /> �. fee 6@e to c�e Property.the leasehold and the fee tide shall aoi merge uatess l.eader agrees w the merger in wrtting. . ,.,",�:
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<br />' 7.P[otettFan of I.�tder's RJgBts iD t6e P�a�rty.If Borroaer faits to perform the oovenants aad agreements oontained in . • •
<br /> ttils Seavjity Instrumeab or th«�e is a Iegal proceeding that may sIgiificaady affea I.eadet's rights in the PropertY(ssscb aa a
<br /> proaxdia�i�►baakn:pccy.probat�for condemnation or forfeiwre or w enforce laaus or regWaHons�then l.ender may do attd �
<br /> pay for�as..�ver is nccessary to protecc the value of the Propercy and Lenders sigpt+in the Proparty.Lender's actiona muy ::�,._>
<br /> � inctude Fa}�8 any swns sewred by a lien w6ich das prioriry over this Saurity laswmen;aQpearing ia court,PaY�B . .'.
<br /> � c+easoaal�te atiomeys' fces and entering on the Properry w malce repairs.Although Lender may take a�on uader thls . .
<br /> �,��.:.' pazgrapb 9.Lender does nothave to do so. ;�J;;;s� . �
<br />.�._�:f:.-,��� ,-�;.Il..�. .
<br /> � � Arsy aa�-.,�dtsbursed by I.ender under this paragrap6 T shall bewme addidoaal debt of Borcoa►er secured by tlils Seau�ity
<br />,.:.'•.,,.� � � �'��� lastau��r lE:nless Bortower and Lender agree to ottuir terms of paymen4 these amounts shall b�u iaterest from the datc ct' . . :_ —
<br /> .;;;��;�.,.. : � =`;`' disbuee.�+se at the Note rate and shall be payable,witk�inte�st,upan aotice from Lender W Bc�wer requestin8 PaYmen� :;,: . _ .. � •
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<br /> � $,M m a C�$e Insu�aace. If Lender requlred mortgagc insurar.ce as a wndidam of making the loan aewred by thts Secuntty : s`�
<br /> �� '� � Inswmect,Borrower�I!pay the premtums reqarrsd:,�ir.atn.t�in the mortga�usuurance ia effect if.for any reason.the f� ,;;,, r
<br />__ '.� � mortgag�e�r.���*+ce coti'�gc required by Lender taFs�a�ccas�rr be in effea.g3oaower shall pay We premiumg required to . _. ., :
<br /> obtai.^c�:arge substac�Ily e�uivalent w thc mortgage ir:s;:r�r.r�c r,�.iously ia e1Peq,at a cost substanSally equivalent to the
<br /> con ru��wer of Cte mortgage insurance previaecsly as�C:=�an alternate mortgage c�nuer approved by Lender. Ili . .
<br /> �, _ sfis�:ia�y equlvalect�ortgage insurance coverage is a�t avai[3E1e.fdorsower s.*�2ll pay co Lender each month a sum equa;
<br /> ' co oae-cweltth of the yearly mortgage lnsurancc prriniucts bcing pald by BoRC:.er wheu the insurance covr;age lapsed or ,
<br /> �� ceased co be in effect Lender wiU accepl.use and�cisese payments as a tcss reserve in tieu of mortgage insurance.Loss • • . : •
<br /> � rqerve pa��ents may no tonger be rcqu'ved,at the ogtion of Lrnder,if mortgage insurance wi�wage Cu�tYte amount and£ar � . i�:;,. ..,
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<br /> '�t the period s�at Lender requires)provided by an inaurer appro.ai by Leader again becctrnag avaiiuble and is obtaino0. • ,,,,. ,,,; ,
<br /> Borrower shaU pay the premivms required w maintain martga�e irc.n�rance in effeel,or to pmo:de a loss reserve.until Gzo �',.;•�+.�.
<br /> �equiremeat for mortgage insurance ends lr� acoordance with any wrIucn agtv�tnent between Borrower and Lender or � : .;;,..• :::'::•`'� .
<br /> y aPPlleable law. ��� `� �
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<br /> � SIrQo Fam:ty•.iNt�A/Ct�tAftC UNtPORlA IH9tRUEAEHT fCRM 2CZ0 OE/8D(PagO 3 of 8 Pagos) ��' . .. . ' .:'�'�:� ._•:
<br /> i NEBitABlU1 �G89DL Rtrv 09/G4/97 t .
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