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RE-REC4RG�D ���." �.�1"��.��
<br /> �. Haze:d; u°r Prap��ty Ynsea�aaw.e. �vrm�wcr �sh�l �cp �1re irsonav�tir!rnt� tww exi�ting on c�reafter crccted an ths
<br /> �raperry "visus�c�i ag�:nsc Eoss by ��. E�zards in�lu�e�l wit�a%�s�lhc tcrm 'cxnri►«3;.�rd cc�ver�ee" and auy other�azards. incl�sding �
<br /> ;;�ds ar t�zsading, far s��h.ich Le�cr rec�uir� ir«r,ara�ce. T�is i.r�r�sb�� be raaintaine�in the amoimis and for Ws�Sr'sad-.�
<br /> thae L.encicr rcy�;:�. �['ttc inaurarsce rar:irr pr�av�ding the i.nsus� tali bc ctu�sca by &�rrower subject to 1.�rnkr's �ro�ra! �
<br /> whirh sha11 r►oc x►e u�nrr�spnas�ix •�;th�etd. It Bnrro�rcr faits ta tn�in �e cmvcragc cksctibed xbavc. €�c�r maY= at L�dex�s�
<br /> optian. obeain c�vcr:x�e to�ratcct Le�ra�irr's ngiit;6:�che�erty in accoc�rxl�►cc wiih pazagraph 7.
<br /> Atl III.CII:ancc �+a4icics ar.d rencwa.�� shali �e ��table ta l.end�r atM sttatl incltxle a standard rnortgsge clause. l,.ander�
<br /> shail have the rig;ht tn liold t�c poii�ics and ccnew�ls. Ii l�nder r:qnires, Barrr,v+�er ataall pxo�mptly give t�I�crlder all rcceipts af
<br /> paid prc�niur,tr�.nct renc��a! natic�cs. ln the��c:rt cf fa�.s. Borrv�v�r�li giw��qa�pt notic�c to the itssura�C catricr�nd t.crnfct.
<br /> l.cndcr may r�akc��rc�af�f;oss if s�oc m�dc prc,rnptiy try Borrow�r.
<br /> Unlc.�ss i.,endrr an�l J3urmwer ctherwise��re in writing. ira�ratrce proceeds shall bc appliW to tentve�rt#o!±ot repair of the�
<br /> k�d�cx�y d�.+na���d, if the restc�ration ar re�air is ec�a?samit�illy fe�ible a��,.en�iCr's srcurity�s not l�. Ii th�ttstorai3on or
<br /> rcpair is nat ccranrm3caliy f�asiblc ar L;nde-'s sccuritv watild be icsscr�sd. tS�e i�surance praceeds sha11 be applied te tht sums
<br /> srcurcr! i�y thi� �rity instrum�.nt. wt�!hcr ar ctoa thca due. with aa�r cat�.s paid tB Bottower. if 8orcawer ab�ndufls the
<br /> preperty. or daes nr�t answcr w*tt��:� 30 days a notice from Lcnder thx c.� insurancae carrier h�s oft'erod ro sdtle a cla�m, then
<br /> Lencles may cotlect �hc insui-anre praccet�s. L,cnder mav ess� thc praaecls ta repa�r or restoce the Froper'ty ar ta pay r,ums
<br /> sccuxpd by this Securit} Instr��ment, w'i��thex ar nc�t thcn duc.Thc�0-day period will begin when th�not�cs ia givee.
<br /> �Inless Lender and ��srrawer .ntherwise s$rec �n wxicing. ar►Y a�Plicatiocz of procctds to principt� shall nat sxier.d or
<br /> pvstpcsne thc d�::. �ate nf ��ae monthly p�.yment� referr� to in p�ragraphs 1 and 2 or change the stxtauat of thc payme�is. 1f
<br /> und�r pazagra�h 2 i t.he Pr��;erty is acquired En� �cn��x, &rrrawcr's right to any ir�uramc�c polici�: an�i proceeds resniting fr�m
<br /> damagc to zhe Pzepc.rtv prinr ca the acqnisiciar.shall pass to I,rndec tn t�e ezt�i of the sums secutrdi ay this Security Instnmatni
<br /> 'smxn�i�tely prior ta t:�e acr�uisiti�n.
<br /> 6. �c�upa.r.cv, k'r^�erc'at�oa�, l�lairrtenance anci �'ro4ec�tion ot'the�ropestY; Borrower's Unan Appitcatton; �..easeltaids.
<br /> Btyr:av.•er sliall accu�v. cstabIich, and use tl�e F:operiy as Barrt�w�r's principal res:denr.e within sixty day�aftCt ths�xeCUtian af
<br /> this 5ec+:�r:ry Instrum�nt :�nd shail continuc to occ��r t!� A:oper'ty a.� S�rro�''s pri;icipat resid�enct iat �t le�t one year after
<br /> the d�ce of cxeupar,c.-. unless I.ender othcrwisc agn-es in wri;:ng, �hich r�nscnt shali nos be u.�rca�onably withlzetd� vr uniess
<br /> ��:ten.iacin� circe:m�canccs exist w�i�h are k+eyond &.ircoc�-er's ran►.r�al. Sorrower shali uot �l�troy. dannage or ampair trie
<br /> Pra�rerty, alinw t'�e Pro�m t� �leteriar�?e. ac ca�m-mit warte aa the property. Borrawcr shall be i� �!ef��alt if anV farfeinrre
<br /> action ar}�rcxc�9i;��. whcther c:vil vr criminal, is tae�un tha� in t.erzcter's goo�1 faith judgntent could t�sult ia fbrfeiture af the
<br /> f�royaer.y or acherwis� mat�ria:�y itttpair thc lien creatttt by ehis 5ecttrity iz�.�tn�mtnt or l.end�+r's s�ttirity 'tnt�risst. &�tmwer m�rv
<br /> cure such a defauit a�d rei�stace, ���ravid� i�r paragrapri ]E�, by causing 3he actian os�rocceding to bc dismisse�v�it;�a rul�r�g
<br /> th�t, in L�srfer's goc*d tsith deterr►inadcm, �rccludc� iorfeit��re af the Botrowrr's interesl in ttic Pro�rty or othr.T m�tcria)
<br /> impairment uf �he iien creaced by this Se�urizy TnstrUme�;t ar Lender's securiry �nt�rest. Barrower s!aall a�so be in defaalt if
<br /> Borrower, c7uring thc iaaa� a�plir.�tian p:acess. �ave matcriall� false�r inacc:a*at°inierznatian or.;ta����ecxts to LnvJer(or faiier!
<br /> to provic�e Lcndr.r wrth any materiai in.orrn�tsor,) in cnnnect=cn�•ith tt;c laan evidencec] bJr the I�ot�, itt�luding, bc�t �ot limi>e.d
<br /> tn, re}�resentations con�erning Borras��er'c �,:u�..�:�y nf the �ra�.+erry as a principal �idence. if t��is�e:�riry fn.=Erument is�n a
<br /> leaserolJ. Borrowc; �hall compiy u�•"rth alt chc p�-�visiar�s of the ]e�te. If �ormwer acquires ts� ti:►e ta ch�: Property. the
<br /> leasehatd �n� th� fee titie si±a71 not rr�rge untess I.es�i�CS'3¢SCCS t0'�I7.:mcrger in��vciting.
<br /> 7, 3''eo;ertinn uf Lender's Ri�hts Yn tt�e Pr�upert}. I��orrower faits,ta perforess thC evvenas'►ts�nd a�nts contait,ecl in
<br /> tl�is Secu;ity Inc::u�er+!. ux ci:ere is a le�al oroc�di:►g that may sigr:iGr.au:tly affa:ct i.cncicr's r"tghts 't�! the P�ppeRy lS��r•h as a
<br /> prc�ceedin� s� ��ixkruptcy, prc�bate, for concl�rnnation or farfaiture or to e�:force taws or regulatAOrjs), thcn Lcnd�r may do and
<br /> �ay Cor whatever is necessary to prutcct the val�e of tte Ps�aperty and Lend�r's rights in the Pmperry. L,encler's actions zn:�y
<br /> inclvcie payin� any sur.��; secure� by a iien whish ha�S p�iariry' over this Securi�y Instrtamertt, appcar�g in cour�. ;�aying
<br /> reasonabte�Faarneys' fee> ansi encerng an the Propea-�y to make repairs. Alcho�gh Lender may take ac:ion w�u�is pa.ragraph
<br /> 7, T.ender�.rses not t�ave ta do so.
<br /> Any ,amocmts disbursed bY T.ender vnder thi� pa��graph 7 shal! bcco� additivnal �?��: of �urrowtr secured by this
<br /> Security Ir•ssrurr�nt. FJaiess 8orrower and Lea:�er agree to other terms af paymen�, ?�:�sc amaunts Sha11 bear intcrest from the
<br /> da�e af d;sbursement at G..�e Note tate � shall !ae pay,�trte, wic,'� i.nce!r�:. ::�,on rrocioc fmm Le�zder Ca Borco«cr reque.sting
<br /> �aym�it.
<br /> 3. F����rt�age�n��ran�e. If I.ender rer�ui:�ed mort:�a�� irrs�a*a�as a car;ditian of rn�king th�lv�r secured!sy t;�is Security
<br /> Inscrumczt, Borrnwer shall gay ihe premaums re�u.ired to rnaintain the mort�ag� insuxance in effect_ lf, for any rza.son, the
<br /> mor��a�e insurance covera�e reqni�eC �y Lender lapses or f�ea�es ta be in effett. Sarrower s�all pay the premiums required Ea
<br /> obtain esvexage su�stantiai3y eqaiv�lep.t to the mongage irdurance�re.viously in?ffect. at ��:�sT subs;antially tqurvalent to the
<br /> cost to $arrower t�f the martga�e ::,surance �r�v�os�ly i•,7 effect, frnm ar :�tcrnate mnetga;gt insurer approved by L+cnder. Tf
<br /> s�rbstancial.lv equiva!e�t mq�n�agc insur.�nce covera�e is nns �.�ia�le, Borrower sha11 pay aa�.asder cacla manth a sum equal to
<br /> on�-nv�l�th af:he yea:iy morzga�e insuranr��;��u�b�ing pai�hy Bvrrower whe� ��i;,s:�r,ance en�erage lapseci ar�e,ased to
<br /> bc in effec:. �er;�-ill accr_�t.use�ad reta.in tlscse pay7nents as a lnss res�rve in lie�� of mortgage insurance. Loss reserve
<br /> Forrr►3028
<br /> �-Sitj i4c7 e�3�:.:.�*. �»'�a s hresa
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