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<br /> 98-�0�2
<br /> s, H�rd or Nropnty lnaun►nce. E3orrower slwll kre�� �he in�provements u�w existing ar ne� er erectai an the
<br /> Property insuroct y�uinst los9 by fire, hazards inc:ludod N�ithia thr term "extendaf coverage"tiuid Kny otDer h�zards, ineluding
<br /> floods or il�xxling,for which Lender rc+quires insun�nce.This in.wrance shall be m�in�ainai in Zhe aaxwnts+und for�he perindi
<br /> thst L,endtr reyuircs. The insurunce carricr pror idia�g the intiurus�ce shall be chosen by Bc�rmwer subject to Lendor's�F+pmv�l
<br /> which sha11 not be unrcasor►�bly withheld, If Hurmwer f�ffs to m�intain covcrage d�.rcrib�xl aiNw�, [xrxler �iu�y, at Lcixlcr's
<br /> option,obtdn covorage to protect I�ender's rights in the Pmperiy in�rctiord�nce with{�ar�rAph 7.
<br /> AU insurana policies and rct�ewals shall be acceptable �o I.endCr and shall irwlude a�t�ncianl mortgage cl�use. Lender
<br /> xhall have the right to hald the policies and rencwnl�. If I.ender requires,BormN�er shall p�nmptly gave to I.ender all receipta of
<br /> paid premiums a�d r�enewal nodce.g.In ti�e ovem of loss,ilormwer shxll givo pmmpt nodce ro tho in�urance carrier and l.ender.
<br /> Lender may make pix�f of loxs if�x►t macio promptly l►y Rormwer.
<br /> Unless l.ender w�d Iiormwer otherwice agra in writing,incu�nnco prciceods�hall he ap�+lietil t�rasturtUion or repWir of tha
<br /> �roper.tyr�:unaged,if the restaralian or repair is ocoixrmlcAlly fexcilile and Lencler's sxurily is not Iessened.If the�estorition ur
<br /> f.t„''�LlJ.[LS I7dN:CCA�101111Ca�Ry fCi1F1I1IC OP I.CII(ICi'S SCCU�IIy WOl1Id I1C ICSSCI1Cd, tlie insurnnco prnoeods sh�ll be rpplied to►he suma
<br /> secuced hy tbis StxrJJ.i.��r ln.st.n�ment, whcthcr or not thcn duc, with xny axcess paid to Iiorrower. If Borrowea ab�ndons �he
<br /> l�;operty, or daes noc arrswer. wi.�J�i.n 30 days a natice fmm I.ender that the insurane�carrier has offerod to settle n clairn, tha�
<br />' . l.tnder may oollat the i,v,sura�.�ce pmcr.eds. Ltnder may use tht procoals to repair or restore the Property or to pay sums
<br /> secured hy thic Socurity Instruiner.M:.wh�ether or not then due. The 30�ay p�riod will btgin when the notice is given.
<br /> Unloss Lender end EiorroWer otnenvise agra in writing,. any a�licadon of prooeecis to principaf stwll not extud or
<br /> postpone the due date of the monthly payments referrai to i.n�angi:aph.x t ar�d 2 or change the amou�t of the p�tyments. if
<br /> under paragrepb.2l the Property is acquirod by L.ender,Bort�awn�r.'s ci:ght ca an.y� insurnnre policias and procoeds resulting from
<br /> damage tn the Froperty prior to the acquisition shall pwss to Lerd�cr.ur the exernt of�he sums wcurcd by thi:Securiry.Iiutrumatt
<br /> immedidre-cfirPriorto the acquisition.
<br /> d��.t�ccup�nry� Ih+eserratba,M�intesu�ace and Protectio� of the Prot�Y9 Borrower's Lan Applkatbn;I�.
<br /> � , �oirower shfll ocrupy,establish,and use the Property as Borrowcr's principal resider�ce within sizty duys after the exar,i`it'icin of
<br /> . 'this Securiry InstNmeoti�nd shall cpntinue to ocwpy the Pc+operty as Borcower's principat rcsidenae for at le�st one y"tw�'attec
<br /> th�date of occupncy,W�m�ess.T.gdx1-��r�c�therwise agrees in writin�,which oonsent shall not be uorca.�onatx6��'v�thheld, or unless
<br /> ,t'' ^ extenwting circumsw�c�s e:kisa' �tivhich �re beyond Borcowu's eontrol. Borrower shA11 not destroy,�K�'mii:i�;�q or'9�}�ir the
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<br /> ' ' ProQerty, ailovr th� Pmperty ta'daterinrate, or oommAt wasteon tha Pmperty. Bomowex s!�a�t:l�be in dr.faul��if any:l�a��se}ture
<br /> �';�'°� sction or procoeding,w2Ktl�er civil u'r crimirul, is begun that in [.rnder's good fuid�judgf{�cnt cd�3d�LSt�lt in•iortcitu,r.c.vi�ue
<br /> _:';;;� Propetty or othenvise tpnteiidly impair the lirn ccaued by this Security Instru�nr.nt oc LeRdGr'.s S�urity'•i�iterGct. PorrovV�'may
<br /> -. ,;.;� :�� cure such a default at�t?;rcinatabt,s�.s providod in paragt�aph 1$,by causing thc�ct ion or pr 3:ns to be dismissed with a nilins
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<br /> that, in,1�:.enAGr's good'fa'ith dctqrrra,ot►tion, proclud�.w fodeitu� �f.the Borrow6r's iqusx+rtt.,itt the Pmperty or other�xtxi�l
<br /> impain�r�,r�t a't`�cfk lxen creatod by"��`����s�Sxuriry Instr��s�knt or/i..:emi�r's security intetest_ B�:i�sower slt�ll dso be in flrfault if
<br /> BortriwQ�r,c�marg tha lo�a applicati�n rp�roass,g�ve materiallpli��';u;i�r in�ccurate infornw�io��or statert�ents to Lender�(i�r Failed
<br /> �� .� to prod,i�,�.f�da with�ry materi�l x�t'arnuition}in connatioil':.��i�l,ihe toan:�vii�ccncai by�hc Nae,includ'eng,but not limited
<br /> -';'.: ' to.rcpr�entatiom conrrr.i„;p�-:rtecr's eccupanc;of the Prope,rty�s a prine9p�il residena.If.thiR Sex.urity,�nstiument i�nn■
<br /> leaseholu�,;3f�rrower s�ll oomply with all the provisions of•�O�hc;,lsase. If Borrower roquircs fee dtle'w the Propaty. the
<br /> lea�hol�;t,;�the foe title shall not mr.r$e unless Lender agroes;{n�he mergcr in writing. .
<br /> 7,pr+bteetion o(L,ender'a R.i�Ma in tbe ProNerty.If Borr�iawer fails tu pertorm the coycnants and agreements conhinod'm
<br /> this Security Instn�ment.or thet�e is a legd procoeding tlwt may sigruificantly.�'foct L.a�du's rights in t�e,�roperty(such�a
<br /> proc.oeding in bmkrujit«i,probMte, for condemnation or fo�feitpn or to en#;t�xte��ws or regulations),th�n X:ender m�Y do u�d
<br /> pay for wh�tever is'�iyc�,tsstuy to protect the value of the Prop��t+t�.�a+�t1��41cr'��rights in the Propaty. •l.�.f�du's+ctions ayY
<br /> _ include�hying ny ��:i�s sec�re�i by a lien which has priaa�itt�; ov�r;tf�is SocUrity Ins�t+irna�tM, ��ng in ouurt, p�Yin� „
<br /> ressatw�lle pttoraeys'fe��ud enttxinb on the Propeny to tnakti :�:.•;,:r'i�.,AlthouRh Ltndek;,ma;!''take action undot this p�wgraph
<br /> 7,I.ender d'oes na h�Ve to�o so. •�,, , ;, � :
<br /> :�'": Any �mo�unts �isbyiscd by Lender undcr tl�is paraBraph 7 shall beoome additiunal AeM of Bor�pwt* Secured by thia
<br /> • Securjty�'I�►stcument. �1nle�.c Born.�wer ard Lxrnier agra to othcr terms of payment, these a►�ounts shall bRar intcrest from the
<br /> � date,s�� dicbursement at th� Note rate and shall be payable, v�iSt�intercst, upon noticG fitom Lccyder to eorcowu rpqueatinj
<br /> P�Yrnent. . ,.� ;'::
<br /> S.MatgaRe lrunc�nce.If L�ender rcquircd rmrtga�e inwr.srace as�condition of m�t��g the lan secured by this'Security
<br /> Tnstrument,Borrower,sh�ll pay the prcnuucr�s requiPecf to muntain tbe rrartgage insurana in effoct,.lt.,for any reason, t!x .,r'`�-.,
<br /> � moR�ge inwrnnce rnvtrage requirod by L.ender lapses or cxases 10 be in effxt.Sorrower shall�say the pranium4 roqUired w ; �,;�, '..
<br /> � obtain covtragc�ubsunti�lly equiv�lent to the mortgage insurAr�ce pt�viously in effoct,at a cost substantidly equivat�em�s:la the �
<br /> cost to Borrower of the moctBaBe insurance previously in effcct,trom un ulternate mrnm��;���� insurer approvai 6y 4��n�!c!t. If
<br /> �� substantially ec�uivalent mortgage insurance covuage is not avalipable. Borrower shall p�q:.�t�u".,inder each mornh a wr�►�crji�al tu ;
<br /> � on�-tw�Jfth of tbe�+arly moitgxge insurnnce premium being paid by Borrowcr whcn the�ie�stii�ixe oov�r.n.ge l�psud or cxasod to
<br /> � Fx d�n e.�rF�t,L.e�dco•weq accept,use a►rJ retain these paymc�ts as a loss reserve in lia �s1f rr�,brtgage i�m,iir,anoe. L,oss ceserve ''�. ::
<br /> ;' , � , ' Ponn 302! 8/!0
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