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<br /> � � 98�- �c,a��
<br /> S. Nuwrd ar Pmperiy lmurancc, fi�irrotvcr vhnll kecp thc impmvemrnte now existing on c�reufier erectcd on the
<br /> Propeny inzured egalnst I�s+by fire, hn►.aM� itwiwiai wiinin mc cerm "cxunucc�rovemgc" �n�i rny nincr nw.�nin, i�wi„�����
<br /> flood�nr tlooding. far whic6 lx�xlcr rcquir�cs inxurnncc.7'hIR Inxurur►ce eh�ll hc nwlnt�l�xcl in�hC�uN►�ntti uixl fi�i�tho�ri�xl�
<br /> that Lender rcquire�.'It�e lnsur�nce c�nicr pmvidin�the in�rurNn�:o shMl1 hc ch�i�cn hy&��rowar tiuhjc�t to f�e►xlcr'h uppmvel
<br /> which eh�ll rxat be unrcasan�bly wlthheid. lf 8urruwer fwiln�n �iu�intnin cover��c deKrlbcYl a!x►vc, I.c�xlrr nx�y. ut I.c�xfer'n
<br /> option,abtain caverege to prdect L�n�er°e righ�A in the Pmpeny in�ca�rdwnce wi�h�ragruph 1.
<br /> A11 lnbur;u�a: polirlcs mui rctticwals shall bc accc�tahlc to l,cndcr und shall Includc n s�nminrA nx�rtgxgc clHUSC. I,eixicr
<br /> ehall havo thc rJght to hald thc�oUcies and rcnew�le.If l.cndor requires,Rorrowcr et►all prumptly�{ivc tu L.endcr all rcaelpta of
<br />' paid premiums and nnewal notices. In the cvent of la�s,Aorrower ehall sivc prampt natla ta lhc inaura�x:c carrier aad I..ender.
<br /> I.cnder may make proof of foss if not made pmmptly by aormwer.
<br /> Unlcss Lcnder and Borrow�r otherwiso Agr�ce in writing,inxurance procade shull bo applied to restarAtian or repair af thc
<br /> Property damagcd. if the restoratton or repnir i�eoonomicaUy feasibla und i.endcr's sccurity iA not le.ssenal.If thc restaration or
<br /> rcpuir is�os economically fcaslbla or I..cndcr's securlty�vould l�o lesscncd.thc insurnncc pmcceds�shnll be upplied to thc sums
<br /> secarod aX�:es Secudty In�tniment� whether or not then duo, with any oxcess paid to Bonower. If Tiorrower abandons the
<br /> �r,nrperty.or dlves not answcr within 30 days s notice from Lender that thc insurance carricr has offered to settle a ciaim, then
<br /> P..r��.�,d�r may rollect the lnaurancc procceds. Landcr may uFC the prncc�eds to repair or ro�tore the Property or to pay sums
<br /> s;:�rod by this Securiry Instmment. whethor or aot then due.The 30-day periad will begin when the notice is given.
<br /> Unless i.ender and Bormwcr otherwise agrec in�viiting. any applicadon of procceds to pdncipal shall nat extend or
<br /> pustposu the dlwe dxro�£tho monthly gayments refemd to in puragraphs 1 and 2 or change the amount of the payments. Ii
<br /> under paragtaur'n�y ihe iP�r�epect�r is acquired by Lender.Bonower's right to any insurancc golicics and procuds r�suQing ir��m
<br /> c�unggc ta�e i�n�*er�r�pre��r ta the acquisItion shall pass to Lender ro the extent of the sums saured by this Security Instnunen�t
<br /> inmii�diatt�y?�iinr to the azw�nis�tlon.
<br /> 6:OS¢a�,g:incy,��tion,Mauo.fte�ume tRnd Protectton ot tlhe Prope.ty;Bu*'rower's Iao,An Appliratton;I.ease6ollaAs.
<br /> l3c�r.owcr s�a3�u�Fupy,a;tablish,ar:3 us��ss«Property as Bnrmt:sx':•.grincipat restdcnee�.92.*�in�.:�Qg�^}�s�Rer thc�xecutz:�r uf ..
<br /> ihis Securii,r�ln,a�uttbnt and shap eo;;t6n��i�'to occupy the Prope�x7�a�� t�orrawer's Qr�r�cipal mesiol�•azw#or at IeASt one year:�ke.;
<br /> � the date'of occu�y,uqles.g C.endet.n1�hPrwisc agrees in wridng, whocT,conscnt sha�l not be�mre.�onubDy withheld.or u»la�s
<br /> ,�. �axtenusting cic�cumstencs��exisQ whiE�, �e beyorxt Borrower's cvp�ffol. Borrower shall not destroy, darrt;a�;�� or impair Rfie
<br /> � •Property, alt4w the Prqperty t��cTeud.�aior.nto, or commit wastc��e 9�¢1'roperry. Burrower stull �+e in de6a»0� ��c�1ny fgrfeiteue
<br /> action or q�i�cc�dtn�,whaslhet�,civiE:�;cri�rnirtal, is begun that in�i.cn�ler's good fa�th judgment r.r+uld'.Yes'u!t':�m 9�u►f�itttrq o1F a1a'�
<br /> 'Pn�perty ur,�,t{�er�vjx m�tte�ial�4+l.�i,m�xjir 1he litn creutal by this.Secur.i;y Instrument or Lender's secur��y iir.leicsc.�al�wcr rnny
<br /> iurGwch a ii'efauti ui��dc2•r»�n��,ae�rav3��in p�gaa�:33�by cau�ing tlse acsiort�r pro��iEna 14��f.'S�xg�nivcr{{.a}lq�►s�:ra�lil�i, , ,
<br /> � uhiit,'�i,L�der's goal fa��t�1 detecmination, prccludes forfeiturc of the Borrower's interest !n the.Propo�ty�or crzfifer�3auiR¢e�tilt•�.
<br /> � �`,8e�naj,r.�eir�1'mf.�he lien crealed by this'Security Iastr'ument oi I.ender's security interest. Barrower si�ll�A1SO�tlri�t(���1�13 .I?�
<br /> ' �,o�a��v47,dl�nradg the loan applicatton pracess,gave materinlly falae or inaccutate lnfornution oi s¢atemencs to Lender(o�'.ftnileit
<br /> '�t�"�fbvidE i:tnder�ylth any mnterial informntion)in c�nnection with the Icum�videnced by the l�mte, including,but nat�limiYOd
<br /> "dd, rept�sentations concerning BorrowCr's oocupancy of the Propercy as u prtncipal re.sidence.If this Security Instrument is on a
<br />- �easehold, Bornower shall comply with ell the pmv[sions of the leasc. if Borrower acquires fa tide to the Property, che
<br /> lea.uhold�nd the fa dNe slnll not merge unless Lendar�groes to the merger in writing.
<br /> 7.Protecxbn of I.enda'a Wthb[n the Pr+npaty.If Borrowtr fuils to perfortn the covenents end agntments oontainod in
<br /> this Socurity Instrument.or the�is a legd proceeding that may significandy xffecc Lendrr's rights in the Propeity(such as a
<br /> pcoceeding in b�nk�uptcy. p�obate, for condemnation or forfeituc+�or to enforoe Itws or regul�tions). then Lender may do and
<br /> pRy for whetaver is na.�.ry to�protoct the vdue of the Froperty and I.ender's rights in the Prnperty. I.ender's uctions muy
<br /> include paying any sums securod by a Iten which has priorlty over thie Secudty Tn�trument. appearing in cou�t� p�ying
<br /> �+easonxble dttorncys'fees and entering on the Property m make t+cpairs.Although Lender may take action und�r this paragmph
<br /> 7,Leodor'dac;s not hive to do su.
<br /> An�`�u�'�ounts disl�ursad by Lende�under this paragraph 7 ahall bxome �dditional debt�oP Borrower secttred by �t3�s
<br /> Se�iit�ity;[i�Wmrnt.Unless Borrower and L.ender agc+ee to other te�ms of payment. these umounts shall bear inte�+est frow�tlie
<br /> ' , aQ�t�'of..t�ie�ursemem at thc Nou rate und shull be payable, with interest, upon notia from L.endcr to B��cavrer�q��r�ufg
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<br /> `�P�►Yma►t.�,:� . . . .
<br /> S.Mor�l�,�ge Iasurance.If Lcnder requi�ed mortg�ge inwrnncc es a condition of nvking the Ioan sacuted by tliis�uca;iv,
<br /> Tnstn�mrnt,'�gorrawer shall pay the premiums raquirod to mai►.�ia tt►o mortgage insunnoe in efk��t. If. for any ressu�b;:�y�h�,
<br /> moetgage ir�suru�ce ooverage required by Lcndea l�pbes or«sses to be in effect.Borrower sh�ll pvy the prem3ums requirefi to
<br /> obtain coverage subsuntially equtvalent to the rnortgage insurame pneviously i�effect,u a oosc substent�ally oquivalent to(he
<br /> oost to Boctawer of the mo�tgage �rsur�nce previously in et�ac�.finvm an aitemate moccgage insurer approvod by l��dcd:i��.
<br /> substantiatly�iv�lrnt mo�tgage eRSUemvice coverrge is na avail�.Hornower sh�ll pay to Lert�ier each month a sum cq�uuai:i4o.
<br /> one-twelfth of the ywrly mortg�g+e i�nsu'cance[xemii�beirg pa�i�6y Borrower when tt►e ia�au��oe coveraAe lapsed or�r7�it� �
<br /> be in effat. Lender w�l:�ac.-rxpt.as¢aod recain thcse Lrsyt►x.`rtts zs s loss reserve in lieu oC morcg�ge insunr.ce. Loss reserva
<br /> Fonn 3o2d �►80 �
<br /> ' n,�o 3 d�e
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